Trying to figure out what to do.

[Dan MacDonagh]

Hello all, I'm in the beginning stages of researching what it would take to get into real estate investing, wondering if I could get some opinions on which way you would go if you were in my situation? That situation being:

1. Making good money with no real responsibilities that allows me to save at least 3k a month, if I got off my *** and jumped jobs to a better position, I could probably make that 4-5k a month.

2. Currently have 25k in the bank

3. My lease ran out in April, so I'm currently just hopping around AirBnBs every week (I work remotely), which would allow me to drive anywhere to check out places, if being in person makes a difference.

4. Like I said, I currently have have a good career in software development that I'm not looking to leave anytime soon

Currently I'm thinking about two paths

1. Rental property - Trying to find something under 100k, but would go as high as 200k for a deal that made sense, would just have to hold off for a bit to save up the down payment. If I can stick to buying houses close to 100k, I could probably buy a property a year.

2. "House hacking" - Specifically getting a multi family, hopefully a triplex or 4plex, and living in one of the units. I think I could handle living next to tenants for a year or two if this option is objectively better. This is appealing both for being able to live with your entire mortgage being paid, as well as being able utilize an FHA loan.

A TLDR: You have 25k in the bank saving 3k a month, no attachments, and the ability to work/live anywhere in the US, how would you get into investing?

[Jim K.]

@Dan MacDonagh

1. Are you married and do you have children/anyone who lives with you?

2. How old are you?

Perhaps the first thing I would do is read about personal finance. The four books I always recommend are:

Rich Dad, Poor Dad
The Millionaire Next Door
The Total Money Makeover
Your Money or Your Life

If I added a fifth, it would be Set for Life by the CEO of this site, Scott Trench.