Rental Property Investor · Andover, MA · Member since 2017 · 126 posts · 67 votes
Hey Everyone,
It's no secret that Americans owe over $1 trillion in student loan debt, spreading out over millions of borrows. I'm curious to hear how other successful real estate investors who were once faced with the same challenge were able to overcome the massive debt barrier?
Hi @Daniel Ortiz. I didn't... I pay the minimum on my student loans and invest the extra. Why spend a ton of money paying off something at 5.something% when I can invest and make 10%-25% on that same money?
Now that I have added a number of units under me I feel more comfortable looking at paying those down. Mostly because I disagree with the entire higher education cost, loan-till-you-die, can never bankrupt, no underwriting necessary philosophy that our government uses to give itself its #1 asset on its balance sheet. I'd rather cut their interest income and vote with my money.