Prepping for my first step as an Investor

[Tyler Salzeider]

Hello, I'm 23 and beginning my path to real estate investing. Currently working 9-5 CORP job and saving 40% of my income to build up savings for down payment/closing costs. I have two avenues I am pursuing to get started. I have over 10 real estate credits from college and am preparing to take my exam to gain access to MLS, but not start with a broker as an agent. Currently am building savings after stretching myself thin from college expenses. Have no loan debt and a great credit score.

1. HUD Home - I am currently looking on HUD for properties in my area to buy as an owner occupant to live in for a year, rehab, and either rent out (BRRR) or cash out after refinance. I am leaning to BRRR method for cash flow depending on ARV. Will be seeking an FHA loan and rehab as I continue to save money to do so. Looking for either a multi family or single family

2. Multi Family Home/Duplex - I am currently preparing to take my real estate exam to gain access to MLS since I don't have any current networks that will give me access. I am very enticed to buy a duplex to live in, rehab, and rent out the other side. Again looking at an FHA loan with repairs being done as they can be.

3. My biggest question is the sentiment of the overall market and if we can expect prices to fall and more properties become available.

I am wondering if this is the right avenue for me moving forward as I am currently living at home and as a somewhat safe first step into the investment world. I know the biggest thing is exiting "analysis paralysis" and taking action. I am beginning to attend my local REA meet ups starting this week to begin networking with other investors in the area and try to get some experience before in dive in myself. I believe in myself, but am worried about WHEN and HOW to jump in rather if I WANT to. Any relevant links, tips, or opinions are greatly appreciated, thanks