What would you do at 22?

[Craig Moore]

Hi BP,

I'm new to this site and though I've seen this question asked several times before I figured I could offer some new questions and get some new perspectives/experiences.

What would you do if you had $20k at age 22 (with what you know now; or are 22) in terms of real estate investing? Consider these facts/characteristics:

Bostonian, $9K in student loans, no rent expenses currently (living at home), not a really a spender (1 pair of sneakers and 2 jeans for contrast), living off of $200 every paycheck and fully employed with a salary.

My goal is to have 80% of my portfolio filled with rental properties while leaving the other 20% for capital projects. So I ask, given the description of the scenario (that I am in) that you'd be in with what I described, how would you spend your $20K? 

I am a huge reader so I've come across many terms but am in no way on the advanced level. Thanks in advance for your answers! 

[Wells Lange]

I would buy a fourplex with an FHA loan, live in one of the apartments and rent the other three. Let them lay down your mortgage while you save the cash flow to buy another property. 1 leads to 2, 2 leads to 4, 4 leads to 8......snowball...snowball.....