Long Island Market- Sink or Swim??

[Eric Telese]

Hey everyone. I am extremely new to real estate and want to begin investing within the year. I live in Nassau County on Long Island, one of the most expensive places to live in the country. As I begin to research houses for sale on the island, I am beginning to question if purchasing rental units here can ever be profitable. 

I know a few people who own multifamily homes around here, and said they just about break-even. I know that you need to find a really great deal to make money here.

Does anyone have any good experience investing here on Long Island?

After joining BP, I am beginning to realize that its not necessary to live close to the area  investing in. I used  to think I need to live close to my investment but now see that so many of you guys purchase without seeing the places. Just starting out, I think it can be very advantageous/inexpensive to invest in markets outside of Long Island. 

As I said I am just starting out and trying to learn as much as I can, so any advice is appreciated.