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Samuel Pascal
Pro Member
  • New to Real Estate
  • New York, NY
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40
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Student loans vs saving

Samuel Pascal
Pro Member
  • New to Real Estate
  • New York, NY
Posted Jul 14 2019, 17:45

Hey BP family. I am currently in a situation where I need to make a decision. I graduated college with 42 k of debt and brought that down to 17 k by aggressively paying monthly, refinanced to 4% int, and getting a new job. My DTI is 32% and credit score is 748 monthly debt payment is 128 now. I make 54k in NYC and currently living with parents ( basic millennial) but I'm taking advantage of a deal with my father to pay off debt instead of rent. Given this, I'm looking for your opinion. Should I pay off the 17 k aggressively or save up money for a multifamily using brrrr strategy. Looking at Yonkers NY or Jersey since NYC is impossible.

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