Investing in Multi Family now or Student Loans first...any guidance?
I've asked this question in other areas and have yet to get 1 response, maybe here will help - before investing, financially where should I be? (I understand no one can give a clean direct answer but a ball park)
I'd like to know where should my funds be in order to apply for a home loan? Should I save up $50K first? Where should my credit be? Right now, I'm finishing up my MBA (will graduate in December, yay!) and I have practically a mortgage amount in student loans - do I pay those off first? Do I pay them down some and then apply? My financial consultant suggests that I pay off everything off first and then think about owning a home (this could take years!). Only other debt I have is my car note, but I've decided to attack that aggressively for the next 6 months, but afterwards will that be enough? I guess my question is where should one be financially in order to get started?