Hi, my name is Richard and I am a college student in phoenix.

15% on $273k is a little under $41k a far cry from $50k  You’ll also owe 25% depreciation recapture on 7 years of depreciation.

Applicants either pass on their own merit based on your screening standards or are rejected, anything else is a reckless and unnecessary risk (except student rentals).

One being that I live Southern California where home prices are very high, and two, although I make a decent living as an early childhood special education teacher, my current debt with my mortgage, student loans, and car payment are too high to qualify for a bank loan for an investment property.Therefore, I am currently trying to address my debt, looking into wholesaling as a way to increase my income for investment purposes, and continuing to do as much research on how to start my life as a real estate investor.

Should I pay off student loans with my cash and save back up before I buy another property, refinance my home and payoff student loans and still buy a property?

@Jace Holti really want to stay in the married housing side. thay tend to stay longer and are better renters. but dealing with people renting on student loans seems like a house of cards when it comes to stability.

My wife and I bought a house in 2017, bought 2 newer cars (2014 & 2016), total debt with student loans and credit cards is around $315,000.

There a bunch of articles and podcasts on BP about student rentals.I wouldn't, you'll need someone super solid.

Another option to try and kill 2 birds with 1 stone would be buying a single family home in Durham, Dover, Lee, Madbury area with many bedrooms where the zoning would allow you to move in a couple years and rent out the house by bedroom to either UNH students or young professionals that can't afford the rising rents.

Good morning,I am currently a student am hence, I am unemployed.