Interested in investing real estate

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  • Kiernan LaFaver
    Real Estate Agent · Central New York · Member since 2023 · 207 posts · 96 votes
    9mo

    Welcome to the forums! Most people here are always willing to assist and help provide guidance, especially with getting started, it's great! Are you considering investing in Long Island or out of area/remotely?

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    • Tasal Safy
      OP
      Member since 2025 · 4 posts · 6 votes
      9mo
      Quote from @Kiernan LaFaver:

      Welcome to the forums! Most people here are always willing to assist and help provide guidance, especially with getting started, it's great! Are you considering investing in Long Island or out of area/remotely

      Hi, I am willing to invest on Long Island, but any good opportunity is always welcome, lets connect.

      1Reply
  • Tom S.
    Real Estate Investor · Burlington, VT · Member since 2010 · 2k+ posts · 1k+ votes
    9mo

    @Tasal Safy Welcome to BP!  An owner occupied home is usually the best way to start, lowest downpayment requirements and the best lending rates.  Some people may start with a duplex and rent out the other side to get rental experience. 

    Commercial is tougher to start with and recommend getting a few deals under your belt first.  Downpayments are higher (25-30%), lots of other expenses that are higher too.  Many lenders will look to your RE experience as well before approving a loan.

    Good luck!

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  • Tasal Safy
    OP
    Member since 2025 · 4 posts · 6 votes
    9mo

    Hi Tom, thank you for your advise, I own a single family house, bought it a couple of years ago. I think I need to rent it out and buy another house as a first time home buyer, which I think I would qualify for again.

    Thank you

    0Reply
  • Luka Milicevic
    Real Estate Agent · Nashville, TN · Member since 2015 · 2k+ posts · 2k+ votes
    9mo
    Quote from @Tasal Safy:

    Hi, I’m Tasal Safy. I’m new to real estate investing and currently focused on learning and getting started with commercial properties and single‑family homes.


     Welcome to the forums....you are in two completely separate universes with what you're looking for lol!

    Commercial and single fam are completely in opposite directions of each other! 

    Ready  books, listen to podcasts, spend time engaging on forums!

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  • Min ZhangBusiness Member
    Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
    9mo

    Welcome, Tasal! Getting exposure to both commercial and single family early on is a solid way to learn what actually fits your goals. I’d say take your time upfront, talk to a lot of people, and don’t rush into a deal just to get one done. Happy to keep the conversation going!

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  • Mohammed Rahman
    Real Estate Broker · New York, NY · Member since 2020 · 2k+ posts · 1k+ votes
    9mo

    Hey Tasal,

    Welcome to the world of real estate investing! Welcome to the world of real estate investing! Taking time to learn before jumping in is definitely smart. Single-family and commercial investing are very different: single-family homes are usually more approachable and influenced by comparable sales, while commercial deals are driven more by income and deal structure. 

    If you're looking for a good intro to CRE, James Nelson's The Insider’s Edge to Real Estate Investing is worth checking out. As you learn, keep an eye on which strategies align best with your goals and criteria.

    Feel free to reach out if you have any questions — happy to help!

    0Reply
  • Dan Hertler
    Investor · Long Island, NY · Member since 2019 · 50 posts · 22 votes
    8mo

    Welcome to the forum - great to have you here!

    Single family rental investing is tough here on Long Island given the high taxes and home prices, but not impossible... Would you be open to house hacking? That is for sure the easiest way to start, but there are other avenues, just need to be a bit creative. I am a realtor focused on distressed and/or off market properties in Nassau/Suffolk. Mostly value-add fix and flip deals but I do occasionally come across potential buy and holds as well.

    If you ever want a second set of eyes on a deal, have questions about local nuances, or just want to talk strategy - feel free to reach out. Happy to help and share experiences

    0Reply
  • Tasal Safy
    OP
    Member since 2025 · 4 posts · 6 votes
    8mo

    Hi Dan, you are right, investing is tough even for multi family as well on long ISland. are you investing on Long island. can you share you contact? 

    0Reply
  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    8mo

    @Tasal Safy

    Welcome! As you get started with both commercial properties and single family homes, figuring out your strategy is the first step to reaching your goals. House hacking is a great way to start making some extra cash with single family homes. On the flip side commercial properties need a lot of initial know how but they can pay off big time down the road. I think it is a good idea to pick one kind of anything you are interested in and really get to know how it works in the market. You can totally grow from there once you have got a solid understanding. Please reach out whenever you need some help during this whole process.

    Good luck!

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  • Stevan Stojakovic
    Financial Advisor · FL · Member since 2024 · 466 posts · 110 votes
    8mo

    Hi Tasal - welcome to BiggerPockets and to the investing journey.

    You’re already ahead of many new investors by taking time to learn and by being open to both single-family and commercial. One thing I’d encourage early on is to get very clear on why you want each asset type. Single-family tends to teach fundamentals like tenant management, financing, and cash flow discipline, while commercial forces you to think more about income, expenses, and structure.

    Since you already own a single-family home, even running numbers on it as a rental (realistic rent, expenses, taxes, reserves) can be a great learning exercise before jumping into the next deal. Long Island is a tough market, but that also means understanding the numbers properly matters even more.

    The BP community is a great place to ask questions, sanity-check assumptions, and learn from others’ experiences - don’t hesitate to stay active, it really accelerates the learning curve.

    Feel free to reach out if you need any help, happy to connect and support you on your REI journey.

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