Using Real Estate to get out of debt

[Lee Roden-Reynolds]

Hi everyone, I'm new to the biggerpockets website but have followed the podcast for several years. I just got engaged to my fiancé, who graduated college in May and has a considerable amount of debt. How would you use real estate to help pay off student debt? Everytime I try to explain my methods to her, she doesn't understand at all what I'm talking about. Thanks!

[Chris Seveney]

Quote from @Lee Roden-Reynolds:

Hi everyone, I'm new to the biggerpockets website but have followed the podcast for several years. I just got engaged to my fiancé, who graduated college in May and has a considerable amount of debt. How would you use real estate to help pay off student debt? Everytime I try to explain my methods to her, she doesn't understand at all what I'm talking about. Thanks!

I would not use real estate to get out of debt. real estate will put you in more debt. Best way to work your way out of debt is to live frugally and get a W2 and put as much toward debt as possible. If your debt is student loans at 6-8% interest your best bet is to pay them down/off as fast as possible as most investments will achieve a similar result but that is gross (before taxes) not net.