22yo ready to get my hands dirty...only problem? Crazy Market!

[Joseph S.]

Hello Everyone! I just graduated from college in May, been working remotely since then saving money and studying the market to get into my first deal. I was planning to househack a tri- or 4plex using FHA financing, but the market has drastically changed over the last few months.

In the areas outside major metro areas which were easier to find deals in pre-covid (looking in NYC/NJ area for example), everything in the residential market is much more expensive and competitive. I was keen on getting experience (even if this means finding a single family instead), but is it wiser to wait and see if the market fluctuates?