Insight on what my next step should be.

[Chanler Decorso]

Hi everyone!

I just need alittle guidance on what I should do next. I’m 24 and currently I’m renting a room at a friends for $500/month, I make roughly 3k/month and been looking at all types of real estate for about a year now I have 20k saved up. I’m doing a conventional 3% down loan as of now but what I want to know is what’s a better investment for buy,hold and rent later?

1. 120-150k condo with $226 HOA fees (not including taxes or any utilities)

2. 50-90k mfg/mobile home with $500-$800 HOA fee (including taxes and water)

3.100-170k house that will probably need some work

Im looking in Monmouth and Ocean NJ (where I live and work currently)

Thank you!