16 March, 2022 | By Magnus Frejd |
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- Both Peter Keane-Rivera and Karina Mejia decided to prioritize buying a home over paying down loans.
- They both “house hacked,” which allows them to live for free and improve cash flow.
- They also both focused on increasing their income in order to save up for a down payment.
Today, nearly five years after graduating, the 29-year-old real estate investor makes more than the minimum payment but still owes close to $40,000 in student loan debt.
“That’s fine,” he told Insider. “Because instead of paying down that debt, I used that money to buy a house, which has appreciated hundreds of thousands of dollars.”
Keane-Rivera, who moved to Seattle for work after graduating from Purdue University, closed on his first property, a $355,000 three-bed, two-bath house, in .
She ran the numbers and decided to prioritize investing in real estate.