Updated about 9 years ago on . Most recent reply
Pay down loans or save up for down payment?
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!
:)