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Updated over 6 years ago on . Most recent reply

What would you do? Help!
What would you do? I currently have 3 units. One unit is a single family home. The other unit is a duplex. I own the single family home with a close friend of mine. The house is fully paid off and is worth about $100,000-$125,000.
I have an enormous college loan that is around $52,000 and rising annually. I have the ability to pay it off, but that it comes at the cost of giving up my share of the single unit. I can have my friend buy me out and pay my loan off or sell the home and try reinvesting to help pay the college loan.
Thoughts??
Most Popular Reply

Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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Well, does the college loan have an interest rate higher than you could reasonably make on the cash from the house?