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All Forum Posts by: Cory Davis

Cory Davis has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: Interesting Financial Situation - Should I Start in Real Estate?

Cory DavisPosted
  • Dayton, OH
  • Posts 1
  • Votes 0
Hi all, I'm new to the forum. I am interested in getting started in real estate, but I am having second thoughts because of my current financial situation. I am an emergency medicine resident in Ohio. my financial situation is as follows: Debts: My student loans: 70,000 @5.6%, 200,000 My wife's student loans: 110000@ 7% Mortgage 120,000 @ 3.5% Income My income: 55,000 Wife's income: 60,000 I also have about 7000 in savings and 15,000 in stocks/ETFs *I have 2 more years of residency and should then have a salary around 350 to 400,000. I know I should focus on paying off loans, but I truly believe this could help me with that if I am smart about what I buy. Am I crazy? Should I just focus on paying down student debt and wait on real estate? Thanks for your help.
0 Votes