What would you do if you were 20 with some cash in REI?

[Anthony Power]

My names Anthony, and I have got into wholesaling as a way to create extra income and just build up some capital to turn around and re-invest. I have about 20k-25k saved up right now, but my DTI ratio is all out of wack. If you were in my shoes being 20 years old with this amount of savings, what would your plan in REI be for the next couple years ?

[Justin Hammerle]

@Anthony Power:

1. Find ways to improve DTI - if it means using cash to pay off toxic debt such as credit cards I would do so; 20% interest is going to kill you.

2. Increase Income

3. Continue to increase savings

4. House hack a multi-family property - when you've comfortably navigated the prior steps to a reasonable level, I would look to get approved for a loan to house hack a MFH.