I recently heard that the moratorium on student loan payments was extended until May, when it was supposed to expire at the end of January. The average student loan debt is about 30 grand, with the average monthly payment being somewhere around $400. Eventually, they’re going to come due, and we’ll have to face a day of reckoning. Even if they forgive the debt for everyone, we’re going to pay for it in some way, whether it’s through inflation or higher taxes.
One of the best ways to pay down student loan debt is by doing real estate deals. Strategies like lease options can get you regular monthly cash flow that you can turn right around and put towards your payments. Relying on the government or stressing out because you don’t have enough money takes a toll, but real estate deals can help with that burden. It can also help you avoid student debt altogether if you finance your dreams with deals instead of borrowing.
Listen and learn:
- Why you should avoid student loan debt.
- How to use real estate deals to pay off debt.
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