Tuesday, September 4, 2007

Before I get started with real estate investing I thought it would be good to note my current financial condition. Listed below are all my assets and liabilities. I am a little worried about my students loans since about half of them are private loans at 8.25%. Even while having student loans at 8.25%, I still think it is worth it for me to invest my money in real estate instead of paying off these loans right now.

Currently, my net worth is negative. I once heard a financial proffessional insinuate that if you drive a car that is valued more than your networth then that means that your priorities are screwed up. Well I guess that means that I should have been riding a bike to work.

In the mean time I am still looking for that good deal

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