Asset allocation for a new investor

[Amy Jo Holweger]

I’m new to real estate and I’ve been reading a lot on real estate and finance, and I’ve started listening to the bigger pockets money podcast. However, I’m having trouble finding how to allocate my money to build a financial base while making a move towards buying my first investment property.

I'm newly debt free with 10k in savings and able to save 50% of my income. I own a condo which I live in. Im wondering how much to invest in my Roth IRA and SIMPLE, HSA, vanguard index funds, and how much to leave in cash and set aside for buying a rental property.

I’m also considering renting my condo and buying a single family home, or looking into house hacking if I can find a good deal, but I’m not sure if I should sell/rent, save for a down payment on a single family or save for buying an investment property.

How did you other folks get started?