Young recent college grad just starting out

[Michael Martina]

So I'm 23 years old, just graduated college this past may and racked up roughly $35k in debt. I was fortunate to find a great job making $50,000. I'm living out near Boston, MA and long story short I'm looking to get into real estate investing as a side hustle in the near future the thing is I don't know where to start. My mom is selling her home and promises to give me a slice of the pie (probably $20k). Do I focus on paying student loans first or looks towards finding a property to invest in? I appreciate any ones input and advice. Thank you

[Mindy Jensen]

@Michael Martina , since you just graduated, chances are good that all your friends are broke or close to it. Live like you did last year, when you were still in school. Get a roommate, eat in, drink at home, love Ramen, drive the same old beatup car. Don't buy a new wardrobe, get a new expensive car and eat at restaurants every night.

Save up a $1,000 emergency fund, then take a good hard look at your current debt. Do you have solely student loan debt? What's the interest rate? Do you have any credit card or other consumer debt? Take every extra dollar you have and throw it at your debt to become debt free, or split it in half and throw it at debt and savings at the same time to enable you to invest a little sooner.