New Investor: General Questions About the Market

[Jason Regan]

I'm a new investor with cash to invest - and I'm not limited to any area, but would prefer to focus on one. I've got a few "newb" questions...

I have a few investor friends who are not buying anything right now - they are saying that, overall, prices are too high and that I should wait. I'm a bit antsy to do my first deal, and have been sitting on investment money for a while. Should I wait? Is this true? 

In your opinion, what is the best way to research areas to invest? Again, I'm not tied to any particular location, and am frequently out of the country a lot, so I'm location agnostic. 

Thanks for any and all help.

-Jay