Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

5
Posts
7
Votes
JC Hickman
7
Votes |
5
Posts

Im 28 and $100k in student debt

JC Hickman
Posted

I’m 28 and have $100k in student debt. I’m passionate about real estate and think it could be a great way to pay off my debt fast before the interest eats me alive.

Question:

1) Should I be taking the risk and using hard money to rehab/flip to pay off debt?

2) Should I be trying to whole sale and make extra money to chip away at the debt? Slower pace but less risk.

3) Any other advice is welcomed, Thanks!

Most Popular Reply

User Stats

5
Posts
7
Votes
JC Hickman
7
Votes |
5
Posts
JC Hickman
Replied

@Mike M.

I’m neither bragging nor complaining.

I was simply stating the facts so people would have some insight into my situation and better suited to offer advice.

While I appreciate your opinion I would never sue someone over a decision I alone made. I have an engineering degree out a very respected school in Texas have never had an issue getting a job. I make plenty of money to live comfortably while also making all payments on my student loans on time and in full.

I only asked for advice to help expedite the pay off process to avoid costly interest payments.

In hindsight I do think I could’ve been further ahead if I had just started working right after high school and learned skills while on the job but I will never regret getting my degree because of the things I learned and the network I developed.

Thanks for your opinion.

Loading replies...