New Investor, Overwhelmed By Everything Going On, Need Some Help

[Naga Avinash Raya]

Hi, I am 23 years old and live in NJ. I have been reading, listening to podcasts, etc. For almost a year now and part of me is like I need to learn more and the other part of me is like do not get stuck in Analysis paralysis.

I am in a dilemma about whether I should buy a rental or BRRR. I have enough money for a downpayment and closing costs I also do not know whether to invest in NJ or out of state. If I do invest in NJ I can FHA and househack, if I dont then I can either buy a turn key property out of state or BRRR. Another thing that is bothering me is the decision of whether I should invest now or wait a little bit because of the current condition of the market. There are so many things I have to figure out and I need some guidance. Any help is appreciated. Thank you!