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Updated about 2 years ago on . Most recent reply

User Stats

27
Posts
9
Votes
Sean Relyea
  • Rental Property Investor
  • Capital Region, NY
9
Votes |
27
Posts

New-ish Member Introduction- Finding the Silver Lining

Sean Relyea
  • Rental Property Investor
  • Capital Region, NY
Posted

Hi BP Community,

I starting watching from a distance and listening to the podcasts a little over a year ago when I was already a few steps into my investing journey. I bought my first duplex to live in back in September 2020 and lived in it. I followed it with my first triplex in August of 2021 and second triplex in February 2022. I made the questionable investing decision but great quality of life decision to buy a personal home in August 2022, in the process of which I became an agent and signed on with the brokerage owned by my 4 time agent. So 2.5 years into my journey, I own 8 units and my personal home.

How did I scale up this fast? It's not a story I'm overjoyed to tell and it's been a difficult time. I lost both of my parents 10 years apart to cancer. Suddenly at 23 years old, I found myself with a lump sum of mid six figures and no clear direction. I did have a pretty clear concept of the life I wanted, after going to school for mechanical engineering and following it up with an MBA. Suddenly, that didn't seem like the path to the life I wanted. I watched my dad work on his death bed for a boss that never appreciated him, and I could see myself in a similar position if I didn't change the plan. So here I am, with a strong foundation that I have my parents to thank for and many years to grow that into a beautiful life.

I share this because I'm sure I'm not the only out there with some version of this situation, and I think real estate is both a great vehicle to a better life and an insurance policy for the worst that life has to throw at you. Please feel free to reach out and connect, and if you happen to be in the NY Capital Region or interested in investing in it I'd be happy to help!

  • Sean Relyea
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