Graduating college with about 40K in student loans. Im 21 and have one year left. Didn't pick an affordable college and didn't get many scholarships. Starting to worry about the loans cause i don't know how I'm going to pay them back and my parents are starting to worry.
I currently work for a real estate company and am working to get my license soon. My parents own a ton of land in the middle of no where and they said if I sell it, they would put the money toward my loans. Did my research and there is about 50K worth in lots. Still gotta learn how to sell this land.
If I actually can get the land sold I would have this 50K but i don't know if I should just pay off my loans or invest it into a property like an apartment and rent it out. If I put a down payment on a rental property like a 4 unit apartment then I think it would pay off the mortgage and also my loans in about 15 years. Dont know to much more about this except what my boss has taught me at work. Managing the property would be hard I know but it takes money to make money and probably won't have another opportunity like this.
So what I'm asking is do i just get my loans out of the way or while I have this seed money should I invest it for the long run?
Submitted August 17, 2017 at 05:09PM by Soccerball25 http://ift.tt/2w6rmN1
