Episode Details

In this podcast episode of Keys to Success, host Litra Simms discusses tackling the daunting question many new investors grapple with - 'Can I invest in real estate if I still have student loans?' Litra introduces listeners to understanding their financial picture, especially focusing on the Debt-to-income ratio or DTI that makes investors attractive to lenders. She also sheds light on the potential impact of student loans and hints on how strong income and consistent payment history can offset a high DTI. In this episode, Litra also touches on low-money-down options like FHA loans, USDA loans, the NACA program, and local down payment assistance programs to make real estate investment accessible despite student loans. Further, she shares creative strategies such as partnering with stronger investors, starting small with REITs and fractional investing, and generating a side income. Lastly, she encourages listeners, reminding them that one does not need to be completely debt-free to invest in real estate. All it takes is careful planning, creativity, the right resources, and a well-defined budget and goal.