Updated over 7 years ago on . Most recent reply
Student Loans vs Real Estate
I have recently started doing research on how to get involved with real estate investing and brought up the idea to my girlfriend. She is in the mindset that I should pay down my student loans before getting into real estate. I have about $30,000 in student loans. She thinks that I won't get approved for any loan in order to make a purchase.
I believe that with doing more research I will find a way to finance a deal. Like it has been mentioned in the podcast and in other posts that if I find a deal the money will come. If I am able to flip a house and make a profit I then can use some of that profit to pay down my student loan.
I am 30 years old and currently own a lawn care business. I am projected to make about $30K next year. Still a pretty young company. Not sure if these details matter but wanted to include them.
So my question to you all is, should I look for a deal or pay down my student loans first?
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@Craig Curelop shared his story of investing first then using the cash flow from his investments to start paying down his student loans on episode 35 of BiggerPockets Money. www.biggerpockets.com/moneyshow35



