Recent Post-Grad Starting Out

[Matthew Banks]

Hi everyone - I'm about to start my first job after college (in the DC area) and have recently started to learn about real estate investing as a side project. I'm curious as to what % of my income I should look to set aside for a down payment. I'll be making ~$30k above median income for my city next year and would really like to pull the trigger on something within the next 12 months once I learn more. I'm looking into buy and hold properties but not sure what niche is most appropriate yet for my area and situation. 

In addition, is it typically common for newbies to outsource property management? Or is this something that's not really affordable until later on in the game? Ideally I would like to be as hands off as possible, is this unrealistic for someone just starting out? Thanks a bunch and I'd really appreciate any advice/tidbits.

[Nicholas L.]

@Matthew Banks

as others have said, you're in a great position.  there's no need to rush.  and i would strongly encourage you not to use hard money or something else non-conventional on your first deal.

wait, save, house hack, repeat.