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Updated over 6 years ago on . Most recent reply

User Stats

17
Posts
7
Votes
Kyle Shrum
  • Realtor
  • Hixson, TN
7
Votes |
17
Posts

Using REI to kick student loans

Kyle Shrum
  • Realtor
  • Hixson, TN
Posted

I'm still working on building up cash reserves before jumping into investing, but I want to nail down a strategy to pursue once I have enough cash. I really want to pay down student loan debt to $0 so it's not hanging over my head while I'm trying to build wealth. I'm wondering if wholesaling would be a good route to go for this so I can learn the ropes in REI and also use profits to pay down debt. I would like to be able to reinvest all my cash flow from rentals into more properties, so wholesaling would give me income without having properties to manage. Is that a good strategy, or would I make more profits from investing in rentals than wholesaling and be able to split cash flow between debt management and reinvestment?

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