How/when to start investing

[Eric Reed]

I live in the northwest suburbs of Chicago. I just turned 23 and graduated from college 6 months ago. I started my full time job where I make 75k a year. I currently have 20k saved up and live at home so my only expenses are gas, car maintenance, and a few subscriptions. I just opened up a HYSA, Roth IRA, and individual brokerage account where I invest a few hundred dollars a month into an index fund. My current plan is to save as much as possible for two years so that I can afford a duplex and use an FHA loan. My goal is to house hack a few times to start my real estate investing career.  Is this a reasonable plan? is there a better way to get started? what advice can you give me to prevent unnecessary risks?  thank you !!

[Paul De Luca]

Quote from @Eric Reed:

I live in the northwest suburbs of Chicago. I just turned 23 and graduated from college 6 months ago. I started my full time job where I make 75k a year. I currently have 20k saved up and live at home so my only expenses are gas, car maintenance, and a few subscriptions. I just opened up a HYSA, Roth IRA, and individual brokerage account where I invest a few hundred dollars a month into an index fund. My current plan is to save as much as possible for two years so that I can afford a duplex and use an FHA loan. My goal is to house hack a few times to start my real estate investing career.  Is this a reasonable plan? is there a better way to get started? what advice can you give me to prevent unnecessary risks?  thank you !!

 It's a very reasonable plan.