Newbie from Brooklyn ready to learn and take action!

[Jeremy Gonzalez]

Hello BP community! 

My name is Jeremy and I would like to introduce myself.  I am an electrical engineer and I currently live in Brooklyn, NY with my wife.  I am interested in real estate investing to become financially independent and change my family tree.  I'm wise enough to know that I will not leave behind a legacy by trading my time for money for the rest of my life.  It's time I take my financial future into my own hands.

I made my first real estate investment earlier this year with the purchase of a condo in Beacon, NY. The original plan was to find a long-term tenant but my agent shared insights about STR in the area and convinced me to give it a shot. Now I'm thinking about the next move but I'm not sure if I should stick with single-family or move on to a small multi-family property. Any feedback or insights would be appreciated.

As a newbie investor my primary goal is to connect with like-minded individuals who can share knowledge and experiences.  I look forward to connecting with other members. "A candle loses nothing by lighting another candle."

[Lamont Chen]

I am guessing the language for "primary residence of the owner" could mean that for STR you can rent out a room if SFH or unit if multiple. Since you are in a condo situation may not be 100% ideal.

For distressed SFH properties you can try:

1. Local investor friendly realtor in the area you are interested in

2. Wholesaler

3. Cold calling. door knocking. mailers to distressed homes you see - This method could yield the best deal but more work.