Hacking Real Estate Podcast Ep. 2: Optimizing Your Real Estate Business with Sean Pan
Apr 20, 2023
Sean Pan, a real estate investor and content creator with over 2.7 million followers, shares his journey from engineering to financial independence through real estate. He discusses strategies for selecting rental markets and the importance of community networking. Sean dives into remote property management, using virtual assistants to streamline operations. He also addresses the shift from high-leverage investments to cash purchases amid market changes while balancing cash flow and appreciation to guide newcomers in real estate.
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First Real Estate Deal
- Sean Pan's first real estate deal was purchasing his childhood home from his mother.
- He then house hacked by renting out spare rooms to friends and coworkers.
First Investment Property
- Sean's first investment property was in Jacksonville, Florida, purchased sight unseen for $80,000.
- It was already rented, giving him a competitive edge, and is now worth over $250,000.
Market Research
- Research potential markets by looking at top 10 lists for initial ideas.
- Conduct deeper research using websites like City-Data.com and the Department of Numbers to analyze demographics and job growth.
