Payoff Debt vs Set Aside For Investments

[Dj Grimes]

Hey BP, relatively new to the website. My wife and I currently have one SFH that we are renting (it used to be our primary residence, but I moved for work). We are both 24 and are wanting to put money aside to buy more properties, but were wondering if it would be more prudent to go ahead and pay off all of our debt (except for the mortgage on the rental). The only outside debt we have is a small car note that will be paid off by year end, $11k worth of student loans with 8 years remaining at 4.1%, and $11k on another car note with 35 months remaining at 4%. I think we realistically could have almost all of it pains off by the end of 2020/early 2021. I appreciate the help

[Randy Bloch]

I would not be that worried about car or student loan debt with ~4% rates.  Save for the downpayment and make sure u have adequate reserves and then I would invest in your 2nd property and just pay down your debt monthly.  If it was credit card or personal loan then I would pay it down.