22 with ~$50K saved up, is it too soon to start?

[Pranav Patel]

Hello,

I'm 22 years old with roughly $50k saved up through part time jobs and internships. I am about to graduate college in May 2025, and will be making about $120k (pre tax) in my full time job postgrad (Washington DC area). I was interested in something like owning a rental property as a way to generate some additional income. 

Is $50k enough to get started? Or should I wait it out a couple of years until I have a larger amount saved up. Any general advice is much appreciated.

[Sofia Komrskova]

If you need to stay in DC for employment than I would recommend house hacking something, although I'm not sure how far 50k will take you there. House hacking is the best way to get started in real estate IMO.