All Forum Posts by: Sean Rana

Hello everyone,

My name is Sean, a current student from Shanghai American School with over two years of dedication towards learning about real estate investing. I have read books, guides, and watched videos, all in order for me to continue to learn. I am so grateful for all the content that I have been able to access on BiggerPockets, an amazing community that allows for me to continue to keep my hobby throughout school. With that, I am now ready to move onto the next level by gaining more experience, and in doing so, I am looking to help out current investors as much as I can. 

If you have an opportunity for someone like me, please feel free to reach out as I am more than happy to help out.

I really appreciate it.

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"AppFolio Property Manager Software. AppFolio provides property management software that allows property managers and owners to market, automate and manage tasks related to their apartments, residential properties, commercial property, student housing or other property." 

-softwareadvice.com (click here to get a review)

And this is the link to AppFolio

Hello everyone,

Hope you are all doing great! At the beginning of this year, my friend and I, both high schoolers from Shanghai American School, created a business plan for a potential real estate company that collects multi family investments. We have done a lot of research, work, and put many hours into learning about real estate investing; in fact, we were even ready to make this real, but eventually realized how this maybe something too early for us to pursue, especially when COVID came around (this was back in March, and we were operating with a "pre-COVID" world in mind).

We would love some feedback from y'all at BiggerPockets, and we wish you all a merry Christmas!

Access Business Plan Here

Hello everyone! 

Maybe you have seen me around, I am Sean, a high schooler currently from Shanghai American School interested in real estate investing; I started a while ago when my friend (who now left) introduced me to this concept, and I have been researching ever since.In the short term, I plan to get involved in some deals some way or another, either by helping to find deals for other investors or actually owning them myself (maybe with a partner). I am relatively new, with connections to some investors and brokers, and my question is what advice would you give to a high schooler who's interested?  How would you get started if you were a high schooler? And, am I too early to start looking into investing? 

Also on another note, I love to help out investors (you can check out my profile and other recent posts), and I would love to help some of you out (either by helping to analyze deals or researching stuff), and in doing so also incentivizing myself to further pursue this industry while also being able to benefit others as much as possible. 

Thank you all and I look forward to making more connections and learning as much as possible from all of you out there, very exciting!!

I think the best way, rather than finding a partner, is to look for a good deal in your area, with great value and etc., and then bring it to a real estate investor to show that you are capable of finding excellent deals and that you can provide great value to them;  then, you will be able to find people who are willing to work with you and then from that, you can then choose who you want to partner with. The thing about getting started early on is that you might make the mistake by partnering with the "wrong type of person" for you just because you want to get started, so do your due diligence about someone first before committing to them. 

I think instead of thinking about "which strategy do I want to implement", you should look for deals, and based off of the deals that you find as "qualified", then you decide what you want to do (whether its to wholesale, fix-flip, BRRR, etc.). What do you guys think?

I strongly advise using an LLC just to separate real estate matters from your personal matters, since investing in real estate should be considered as a business (or passive business lol).

That is a very interesting idea, and as John mentions above, the structure can look different. It is a cool way to start and something that I may look into or consider as well. Would love to hear more about your experience as things progress. 

I think the biggest expense you have is the opportunity cost. The lender allows for you to use your cash with other projects as you only need the cash for the down payment, the closing costs, rehab budgets and etc., as opposed to paying for the entire value, thus allowing you to have more capital in general for REI. However, you can consider different lenders as the lenders all compete with each other for your business as well. Maybe you can negotiate some terms?

Hey Andrew,

I have created a numbers spreadsheet that does some general quick and dirty analysis of the overall investment that incorporates features of the Four-Square Method. Pls reach out to me if you would like that doc. Would love to help you out! Thanks!