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Updated almost 6 years ago on . Most recent reply

Alyssa Nagasako's profile image
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Alyssa Nagasako
  • from Los Angeles
  • Member since Jul 25, 2019
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Alyssa Nagasako's profile image
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Alyssa Nagasako
  • from Los Angeles
  • Member since Jul 25, 2019
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Alyssa Nagasako
  • Los Angeles
2
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Starting Out

pay student loans or invest in real estate?

Alyssa Nagasako
  • Los Angeles
Posted

first time posting here!

If I have $20k, should I pay off my student loan (balance $16k, 6% interest) or buy a investment property?

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Adam Lang's profile image
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Adam Lang
  • from Appleton, WI
  • Member since Jun 10, 2019
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Adam Lang
  • from Appleton, WI
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Adam Lang
  • Appleton, WI
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Adam Lang
  • Appleton, WI
Replied

Interest rates are low right now so if you have decent credit you could refinance your student loans to get them at a lower rate. From there you you need to find a deal that as a higher % return long term. If you do that then real estate is the more profitable option. 

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