21yr Old...$220k in cash, don’t know where to start.

[Sam Trulli]

Hello everyone,

I’m 21 years old and currently live with my parents here in New Jersey. I have my associates degree and work a seasonal Restaurant Job making $30k a summer. I also have my Real estate license but I’ve completed 6 deals so far and I’m starting to realize I don’t like being an agent. But I do have a huge passion for investing in RE.

I’ve been able to save a good chunk of cash over the years ($220k) and I’m wondering if anyone here could give me some investing or career advice. I really want to get my feet wet with investing in rental properties but I realize you need a steady income to borrow from the bank.

Any opinions or advice would be greatly appreciated!

[Bruce Woodruff]

Congrats on saving that much at such a young age! Some people never get that much in their savings.... :-)

Is it possible for you to buy anything with cash where you live? Or would you be interested in moving or investing OOS?

I think your future looks pretty bright. Don't get married.....