BiggerPockets

I purchased 2 SFH last year as rentals, and plan on buying a few more this year, but my long term goal is to build up a portfolio and once the commercial real estate starts hitting a bottom like residential is now, to make my move into it. That being said, I really know nothing about it. I'm not the type that's trying to be a zillionaire, just looking to make a comfortable life for me and my family. What should I be educating myself on? What do you do for your long term investments? Any info is appreciated, thanks!

Hi Tony,

It really depends on your comfort level. I know many people who have stayed in the residential business - it works for them. On the other hand, there are others I know who are more on the commercial side. If you're going to be learning a new system/business, it will take time to educate yourself and also build a network. If you've played the cash flow game, it will give you ideas on several different scenarios.

Most people I know start out small, and expand in the future. Though, there are some that just stay at their level. I know of one investor who started out like you investing in single family homes and then bought a multi-unit after 5 years. Turns out, this investor did not like the multi-unit business and ended up selling. Went back to single family homes. Again, just depends on your personality and comfort level.

Hope that helps!