The retirement/financial independence equation he uses is a paid off primary home, 500k in liquid assets (usually retirement, cash, and after tax brokerage account), and more than 1 source of income (part time job, real estate, social security for those of that age, dividends, etc.).

I am very confused about if my 1st property should be the home that i live in or should I buy an investment property?

Any additional tips or advice for rookies and on navigating these markets would be greatly appreciated.

Most people have an incomplete understanding of their own home market and only see/understand a part of it.

I purchased this home when I was 17 and slowly renovated it on the weekends.

One day while driving he randomly saw a 'for sale' sign on a home.

A big issue however is the home next door.

Low cost investment that fast forward 3-5 years it will be worth much more allowing you to pull out equity/cash to buy more.I see investors buying $350K homes only cash flowing $400 a month, so Yes 100% good deal.

I plan on using the BRRRR method.I live in Jersey City, NJ, and the home prices are very high in this area.

Thanks in advanceI would check out ERA or Heart and Home.