Cash Management Help to Fund Next Property Acquisition

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Hey BP Community,

Recently graduated and have been in the working world for just under a year now and am seeking advice on how I should be allocating money. My goal is to acquire my next property in the next 3 years. Further context below:

Current income is around 82.5k.

Assets:

• 10k in a ROTH IRA
• 15k in semi-liquid investments
• 12k in cash
• 2.5k in a 401k

Liabilities:

• Mortgage of 197k on my current unit
• 1k in student loan and retail debt

I am currently house hacking in a 2 bedroom condo. My company offers a decent matching program, but I am wondering what % I should be putting away for that? I am currently allocating 10% pre-tax to the 401k but considering bumping this up to 15%. I am also taking 10% of after-tax income and routing that into a savings account to have cash available for my next property.

At this point, I would like to buy one unit in a triplex and build enough equity to purchase the entire triplex. How would you allocate the income to prepare for this? Is there anything I should be contributing to that I'm currently not?

Happy to hear any thoughts, similar stories, etc.

Thanks!