Pay down loans or save up for down payment?

[Dustin N.]

Need some help here.

My wife and I have about $130,000 in school loans to pay off at 3.5% and right now I have similar amount of money in the bank. Is it a good idea to pay off the loans, or is better idea to use it to get more property or pay down our existing rentals (5% interest)? I was planning to save more to get a down payment on a mid to small size apartment complex.

Any advice would be welcome!

:)