Pay off Student Loans or Keep Real Estate?

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Mar 24, 2014 11:55 am

I have $80,000 in school debt. I'm paying ~$1,000/month for 10 years. I have a condo (paid off; $120,000) that is bringing in $850/month. I also have a mortgage on condo I'm currently living in. I pay $650/month for 30 years. I just started a business and I hope to break even by the end of the year. 

Should I sell the condo that I have renters in and pay off my school debt or keep it?

Thanks, Rookie. 

Mar 28, 2014 7:04 pm

a few questions…

what part of the country is the real estate in? what is your adjusted basis in the rental