New to BP w/ a financial freedom fixation from Long Island, NY.

[Dan Tisser]

Hi All,

I've been rapidly consuming content for a while now but figure it is time to make a proper introduction!

I'm originally from Rhode Island but until recently had been living and working in finance in NYC for the past 4 years. I made the move out of NYC to the town of Babylon on the South Shore of Long Island to be closer to my wife's hospital where she recently started her residency program (with crazy hours!). I've been commuting into NYC for work now, so I've had 2+ hours a day to entertain myself on the Long Island Rail Road.

I started reading, and like many others, Rich Dad Poor Dad was the book that sparked a new obsession....since then financial freedom through real estate has pretty much become all I think about. I've been cruising through countless Bigger Pockets Podcast episodes and webinars, and have been reading books such as Set for Life, Think and Grow Rich, 4-Hour Workweek (the usual).

All of these made me realize what would happen if my wife and I continued on our current path. We would be reasonably well-off with our doctor and financial professional salaries, but we would still be trading our time for money. I see way too many people on the train commuting an hour and half each way well into their fifties/sixties, and hear too many horror stories about doctor's work hours to allow myself to fall into this same trap.

My plan is to begin looking for a house-hack of a multi-family unit in the area to get started. The BRRRR strategy, and multi-family home investing right now seem the most interesting to me after the house-hack. I plan to read @Brandon Turner's books next to get more into the specifics of real estate investing. I am also going to keep my eye open for meetups in the  area. 

My next step is to reach out to local real estate agents and ask to be added to automated updates for multi-family properties to get started. Any comments, advice, or connections would be greatly appreciated!

Dan

[Odie Ayaga]

Welcome to BP @Dan Tisser! I would recommend listening through the Biggerpockets Money Show podcasts with @Scott Trench and @Mindy Jensen. Although real estate is a great and vast industry, if your fixation is on financial independence then it's a great show to show you ways that people were able to do so and not necessarily through real estate (especially since investing in NY can be expensive). It can also help you to discover ways to save more money to give yourself a better starting platform for investing. Best of luck!