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James Krahula
  • Dallas, TX
5
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52
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Pay Student Loan Debt or Invest

James Krahula
  • Dallas, TX
Posted

What direction would you go. Pay off 18k in student loan debt all around 4-6% interest, or put that money towards a down payment on a investment property to generate some cash flow, then pay off the loan while also building some equity?

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2
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Collin Chupp
  • Rental Property Investor
  • Winona Lake, IN
1
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Collin Chupp
  • Rental Property Investor
  • Winona Lake, IN
Replied

@James Krahula I am in a similar situation. I haven chosen to pay down debt. 48k in loans has been paid down to 8k so far. I should have the rest paid off in the next 4 months. Personally I have chosen not to over-leverage myself in hopes of building credit and and maintaining a low loan-to-income ratio. Have you tried to find a hard-money lender that will fund 100% of a deal based on solid plans for a great deal? That is something I am looking at in the mean-time.

Best of luck either way!

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