Rent first vs Buying investment property

[Matthew Medcalf]

Hello,

I am a new college grad from MIlwaukee Wisconsin looking to get into real estate.

I currently live at home and am starting to research into next steps.

I’m trying to decide if it would be best to live on my own for a bit or use the opportunity of living at home to save for a down payment.

My financial situation looks like:

Salary: 70 K

Debt: Student loan 31K 4.5 % interest

Emergency fund: 16 K

401K: 10K

Any advice would be appreciated!