All Forum Posts by: Russ DiGrigoli

@Eric Lopez Thanks for the thoughts, I have actually been looking into the surrounding Stonybrook area. It is nice to hear that it isn't such a bad idea!

@Michael Warinner

Damn, this is a long topic at this point.

I deal with a generation of high school seniors who want to drop out of physics class because it is too "difficult." Translation: They don't want to put in the time. That's becoming a standard lately.

Play the game and get your degree. That's a standard in 2019. Dropping out after already investing money into a degree is straight up quitting. No one cares if you remember course material in 3 months, but people do care if you've committed to finishing something. The things you learn by getting through your courses and degree are much more valuable than the course material itself.

Physics is problem solving; no one cares if you know Newton's 2nd Law of motion. We do care if you had the grit to struggle through something difficult. And a few years down the road you may realize you've learned something bigger than what you wrote down on the exam.

If you think you can commit to something (be it real estate or something else), don't be part of the majority and decide quitting is okay.

Welcome @Brent Lawrence! I am also located in Suffolk County. Where about are you? And are you looking into single family or multifamily properties?

I just got started with this whole thing and am also looking into the buy and hold market. I'm noticing Long Island is a tough place to invest due to property taxes really crippling any possible profits.

Let me know if you are interested in talking Long Island real estate! Welcome to BP!

@Bill Goodland Thank you for all of the tips. I know property tax in the area can be crippling for many (probably why you see so many nice houses up for sale). I've really been weighing it out and the more I keep researching the more I lean toward out of area investing.

@Gerry Sosa I have been considering PA as a spot to look for real estate. A good friend of mine lives in Pittsburgh and is looking into buying a home for himself, so I may take a look at the western PA areas.

I'll keep on looking and researching!

Any advice for starting out on the island everyone?

@Matt B. I'm up in the Huntington area. I will take a look into the meet up in Bay Shore. Do you have any experience making purchases yet?

@Marlon Fong Thank you for the warm welcome! I'm looking forward to learning more about everything!

Hello all!

Russ here and I am new to this whole world. Long Island (Suffolk County) born and raised, I currently work as a Physics teacher. I am big into tennis, snowboarding, and hiking. My most recent endeavor is learning how to rock climb. If you haven't tried it, give it a go, you won't regret it...maybe unless you have a deathly fear of heights. So go overcome it!

I am still in my research phase and attempting to learn as much as possible before diving in. I've been listening to the BP podcast for a few weeks now and I've managed to create a backlog of a few books that I am currently working my way through.

I have some very basic experience setting up and running a tutoring company (albeit a small one). The idea of running my own business and using my money to generate passive income is something that just seems like a no-brainer to me. So, time to set everything up and achieve the goal!

I am interested in buying and holding in order to be a landlord for my properties (I am looking to keep it simple at the start with single family homes). I know the Long Island area is an expensive one so any advice from current investors in the area would help out a ton!

I have never made a real estate deal, but I am beginning to venture out into my market and physically look at properties that I have assessed online. I hope this will give me a better idea for the market I'm in and provide experience in assessing properties more quickly. As time goes on I hope to make connections that allow me delve deeper into the real estate market here on the island.

(I am also considering, once gaining some experience, going the remote route on rentals, so Long Island is not a limiting factor!)