SCF 8 | Out-Of-State Investing

 

Interested in real estate investing, but property rates in your area are too high? Out-of-state investment is the key! Sean Pan is a hard money lender at Conventus Holdings Corp., a real estate investor with EverythingREI, and host of The Everything Real Estate Investing Show. He joins host Dale Corpus to discuss all things out-of-state investing. Sean shares tips and tricks that helped him succeed in the field in just two years since leaving his corporate job to pursue real estate full-time. From how to find properties to how to build a reliable team, he’s got the answers you need before you make the leap to out-of-state investing. Tune in and get real estate advice you can start using today!

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What You Need To Know About Out-Of-State Investing With Sean Pan

I love chatting with people about building wealth and passive income through real estate. It’s a huge passion of mine. We’re all in different stages of building this wealth and growing our knowledge in this space. I’m honored to bring on my guest. He’s from the Bay Area. His name is Sean Pan and he’s got his own Bay Area-based real estate Meetup group plus a thriving and established podcast as well.

He’s connected in the local real estate space, as he’s a private money lender as well as the real estate investing space, as he’s a big out-of-state investor himself. Out-of-state investing is going to be the core topic. I wanted to pick his brain about that, especially since most people tend to only think they can invest locally, where they live, but that’s not the case for Sean.

Here’s a little bit more about him. In addition to being a real estate investor and a hard money lender based in the Bay Area, he has flipped homes in the Bay Area and owns a portfolio of 21 units out-of-state with his fiancée. In this episode, Sean’s going to talk about how to get started investing out-of-state and some of the key things to watch out for. Thanks, Sean, for being a guest on my episode.

Dale, thank you so much for having me on your show. I appreciate it.

I wanted to appreciate for you having me on your show in the past. I know that we got connected through our friend, Adam Carswell and it’s great that we’re able to network through podcasts and thanks for your time on this. Can you give my readers a little bit more about your background and what your focus is?

My name is Sean. I’m based in the Bay Area. Before I got into real estate investing and being in the real estate space, I was an engineer. I went to school over at UCLA. I studied Electrical Engineering and I worked in the defense contracting field for about seven years. The thing was, during that time, I was working on some interesting projects. I was working on some satellites. I didn’t feel fulfilled and I didn’t feel like this is where I was going to be a few years down the line. That’s why I want to try to start my own business.

I started many different small businesses like online shops, eCommerce and all that stuff, but nothing clicked for me until I got into real estate investing. I started going to local real estate investing groups. The people there were all super friendly, super nice and by hanging out with everybody, I started making investments, my portfolio started to grow. I got sucked into the real estate space. A few years ago, I left my full-time job as an engineer to pursue real estate full-time. I have a podcast. I have a Meetup group and a YouTube channel. From that, I’ve gathered this small following of people and I was referring them so much business for loans that I became a lender myself. Now I focus mostly on buying more properties out-of-state with my fiancée and I also do hard money loans for a lot of our clients.

I wanted to go back to the fact that I saw the Facebook posts and wanted to congratulate you, that you were featured by Business Insider about how you and your fiancée built your 21-unit rental portfolio. Kudos to that. When you first got your first investment, were you working towards something that you knew you wanted to get a specific number of doors?

What was that progression like? Tell me about your first property and how did that go? A lot of times people in the Bay Area don’t even think about buying an investment property. They only focus on buying a primary residence. I don’t know how it worked for you. Did you buy a primary residence? Did you buy an investment property first?

I started by buying my primary residence and then I had extra rooms in the home, so I house-hacked, which meant that I rented out all the individual rooms to some of my friends. There are many people like me who are also from Los Angeles, moved up to the Bay Area for more job opportunities and needed a place to stay. I didn’t want to rent out to random people. I reached out to my friends and all worked out well because now I’m getting paid for all of these extra rooms. It dramatically lowered my cost-of-living expenses so then I could have more funds to invest in other things. Don’t get me wrong. I still invest in stocks and crypto. Real estate was just a diversification of that portfolio.

After I had that first property, I listened to a lot of other podcasts. I read a lot of books, joined Meetup groups and understood the power of cashflow. The original reason I invested in real estate in the first place was because I wanted that passive stream of cashflow so that if something happened with my job, I didn’t want to stay there for long-term. If I wanted to do a startup like the Bay Area dream, I wouldn’t be at home eating ramen for two years while making my startup dreams come true. That’s why I decided to invest in real estate because you could get cashflow and it’s a relatively simple business once you create the team.

It’s like both you and I have a similar background in that we ended up getting Engineering degrees for college, but here we are in the real estate space. It looks like we’re both loving it and it’s like, “It’s our passion.” I’m curious. Were you also exposed to the idea of real estate investing even younger through family or was this something that you stumbled upon yourself without getting directed by family or friends?

I would say yes and no for that answer. My dad is a broker based in the Bay Area and growing up, I have seen him just being in a real estate space as a sales agent. I say no because he wasn’t in the investing space. He does work as a property manager and I saw from my point of view, being an agent or being a property manager, that’s not something that I want to focus on because it seemed not passive.

Investment properties have two different plays: casual play and appreciation play. Click To Tweet

You’re very active with your business. As a property manager, you’re getting pulled from both sides. The clients are talking to you about how their tenants are not performing or whatever and tenants are always complaining to the property manager that there are all these fixes that need to be done. I was like, “I don’t want to do that.” When I started reading more books or listening to podcasts, I understood how investing worked. Once I was interested in investing, I could then rely on my dad and say, “What are some things to look at when you’re buying your property?” He was able to help guide me through that process.

The first property you talked about that you did a house hack on was California?

Yeah. It’s this house right here in the Bay Area.

From there, what was the progression like? What was your next property after that? Was it an investment property?

The next property was an investment property and by that time, I already knew buying rental property in the Bay Area as your first rental probably doesn’t make sense from a cashflow perspective. I talked to hundreds of people on my podcast. I’ve met with hundreds of people through networking groups. I’ve come to realize that investment properties have two different plays. You have the cashflow play and appreciation play. The most money you’re going to get is probably from the appreciation play, but when you’re just starting out, you may not have the luxury.

For example, I bought this property here in the Bay Area, when I purchased it, the value was around $650,000. That’s what it was appraised for back in 2015. A neighbor two doors down sold their property for almost $1.3 million. That’s like $600,000 gain in five years, whereas my catchment properties probably won’t give me $500,000 or $600,000 in that timeframe. The thing is, to hold onto these properties is very difficult. First of all, you have to qualify because of the loan and second of all, the rent you’re going to get from a property in the Bay Area won’t cover your principal interest, taxes and insurance.

SCF 8 | Out-Of-State Investing

Out-Of-State Investing: When people first get the idea of buying out of state, they get nervous about doing a lot of analysis and tend to sit on the sidelines for a long time. But once they buy the first property, they get the bug and want to buy more and more and more.

 

You can cashflow negative every single month. To make a long story short, the next property I bought was out-of-state. I bought it in Jacksonville, Florida. I bought in Jacksonville because I was attending all of these real estate Meetup groups and they were consistently talking about several markets that made sense for investment. Jacksonville made the most sense in all of those cities because I was comfortable with the climate there. They had hurricanes but no snow. I liked how it was landlord-friendly and the price of rent ratios was pretty good. I ended up buying a property for $77,000 and it rented for $900 a month at the time. This satisfies something called the 1% rule. The 1% rule is just a general rule of thumb that states that your monthly rents should be 1% or greater than your purchase price. In this example, if I’m buying something for $77,000, then it should rent for $770 per month or more.

What property was it? Is it a detached single-family residence?

This one was a single-family property.

Was it a turnkey or did it require a lot of work or what properties do you typically go for?

I don’t go for turnkey properties that are already all made up from a turnkey provider. Typically, these are going to be just homes that are already rented out from someone else. They may need some deferred maintenance. We didn’t do any extra work on this particular property directly, but we did know that a few years online, there were going to be some repairs. In this particular example, we knew the roof wasn’t too good and it will be a few years until we had to replace it. Here we are almost five years later and I’m replacing the roof right now. That’s a pretty big expense, but luckily, I’ve saved up enough money to pay for that.

The fact that you house-hacked over in the Bay Area, how did you end up buying this deal out-of-state? How did you fund it?

This was through conventional financing. During that time, I was working as an engineer and I did have enough savings and the debt-income ratio to qualify for this loan.

From there, did you start building out your portfolio in that area since you were starting to build your team and networks around there? How did that come about?

That’s the funniest thing. When people first get the idea of buying out-of-state, they get pretty nervous to do a lot of analysis and tend to sit on the sidelines for a long time, but once they buy the first property, they get the bug they want to buy more. The same thing happened to me. Right when I got one property, I was immediately looking for my second property. Pretty much within a few weeks, I closed on a second property. This one was a little bit different because we found this one on Auction.com and not just through the regular MLS.

We’re buying in a completely as-is condition, blind. We didn’t have an inspection or anything like that. Luckily, the property we’re able to get at such a significant discount that the repairs we did on it we’re still negligible. We were still okay. We probably bought it for $40,000 and then we put in around $15,000 into the property, and then I rented it for $800 or so. It does really well in terms of our numbers.

Since these properties were out-of-state, did you fly out there and see these properties firsthand before you made offers? How did you handle that?

I didn’t even fly over there until had six units under my belt. The first thing I did is try to create a team. That’s probably the most important thing you need to do. Find a team that you trust there and there’s no way around it besides making a lot of phone calls, talking to people and seeing who you trust based on my conversation. I found a great agent. He referred me to a great property manager. The property manager for me to a great contractor, etc. We did one deal. It closed. The property was managed. I was getting my checks, so I felt comfortable just doing more deals like that.

You talked about your team and these key players. I wanted it to just check. It’s like, “Was the main key player first that you found, was it a local realtor in the area? Even just in general, if they weren’t that scared of somebody else, like is the main key player or players first that you should be looking for and how do you go about finding them?

In this particular case, the agent was the first key player that I connected with, but I would say in general, because now we’re in different markets, the most important person is going to be your property manager. You can have great agents, but if you don’t have a great property manager, then that market may not be the one that you go with. With a realtor, they’re amazing. They’re going to help you find good deals, but someone needs to be there to make sure that your investment pulls through after the deal is done. That’s why you need a great property manager.

The most important thing you need to do is find a team that you trust. Click To Tweet

How do you find them? There are some amazing forums online. BiggerPockets.com is an amazing forum where you can go, type in the city that you’re interested in and ask basic questions on the forum like, “What are some great ZIP codes to invest in X city?” You’re going to get a lot of people responding to it. Call those people. There’s a good chance that those people are more investor savvy realtors or property managers who are willing to talk to you and explain the demographics and the different pockets of that market that you’re talking about.

Are you mainly focused on only that area, or have you ventured out into other states and geographic locations?

We have branched out. We are in Florida, Georgia and Texas. My fiancée has property over here in the East Bay as well.

In terms of the different locations, since you did it in one place, did you basically follow the same methods so that you could build the same networks out in all of these other locations?

SCF 8 | Out-Of-State Investing

Out-Of-State Investing: We worked to find out some cities that fit our buying criteria, and we started aggressively talking to people, making connections to build our team.

 

Yeah, pretty much. The hardest part is finding that target market in the first place. There are thousands of cities in the United States. How do you pick the right cities to go with? That’s one key thing that we did. We worked to find out what cities fit our buying criteria and then we started aggressively talking to people in connections to build out our team.

Can you expand more on that buying criteria? Are there certain criteria for that metropolitan area you’re looking for like job growth and population growth? What do you focus on?

We follow someone else in the methodology. Neal Bawa is also a local real estate investor here. He also invests all over the place with syndications mostly. We go on this website called Department of Numbers Jobs. It will show you the job growth of all the different major metros in the United States. You want to pick the places that have job growth above 2% per year.

Obviously, with COVID we had a big down and now we have a lot of ups. Now job growth percentages are all out of whack, but in general, you want to see an average of 2% job growth. The theory is with more job growth, you have a bigger population growth, which means more people coming in, which means more rents are going up. We then go to another website called City-Data.com and we type in those cities that we were interested in.

We look at the numbers like, “What’s the crime rate? Is the population increasing? Is the average home price increasing?” Basically, we put all those numbers on a spreadsheet and then compare them with everything else. From there, we’re going to pick a list of maybe ten or so cities. You can also look at what’s the average pricing. Does the price-to-rent ratio work on these target markets? We then just go from there.

From your initial transactions for investment properties out-of-state, I’m sure you picked up a lot of firsthand experience of things that you made mistakes on and whatnot. Is there anything like war stories or pieces of information or experiences that you had that you wish you knew now that you’ve learned through that experience that you wish you knew then? What kinds of things did you learn from your initial buying experiences out-of-state that you could share with the audience?

I have a few. The first one is when it comes to rehab work, in general, whether you’re doing a fix and flip or a make-ready for a rental, make sure that you use people who have been referred to you. Generally speaking, when you’re out there finding random contractors, it’s a hit or miss, but if you have good referrals, you’re going to be better off. Another thing to notice is financing. When people first hear about buying properties, cashing out, refinancing and using the BRRRR Method to reuse money over and over again, they had these big ideas in their head that they can scale to 100 units in a few years. It’s because they can just buy a property, fix it up, cash-out refinance and continue, but the reality is most lenders won’t do that for you.

They have seasoning period requirements. They might limit the amount of loans you have, so really understand the financing and what you can qualify for is a pretty important step before you go out and start making offers and getting under contract. Otherwise, it might be too late, and then you end up being in a situation where you can’t get your money out and your liquidity has gone and it’s all bad. You’re stuck.

Another thing I wanted to mention is if you plan on doing anything where you are closing twice. If you’re going to buy a property with cash and you’re going to refinance into a long-term loan or if you’re buying a property as a flip and then you sell it within a few months, I highly encourage you guys to look into something called getting a binder policy with your tile company. That will dramatically reduce the extra costs you have to do when you sell the property. Keeping that out there, I’ll probably say you owe us $1,000.

For all your investments, mainly are you focused on these long-term holes that you’re trying to keep for cashflow or do you have a different goal in acquiring these properties? Are you trying to 1031 them into even bigger properties?

Our plan is to hold them long-term. Going forward, we might start looking into more of the short-term rental space. Buying them and then Airbnb-ing them out. We also have contacts where we might start doing wholesaling and flipping again, but still, a lot of that stuff is up in the near.

What’s the bread-and-butter property type that you’re focusing on? Is it like 1 to 4 units? Is it something else?

We’re looking mostly at 1-to-4-unit properties and we are looking for something above that 1% rule. We want to make sure that the property cashflows from day one with reasonable amounts of repairs. We do have a property, where we bought it from a wholesaler for $125,000. There’s a lot of molds on the property. I posted a video about that on my YouTube channel. You’ll probably need $20,000 or $25,000 worth of mold remediation to get that taken care of and then around $50,000 to $60,000 to bring it back up to rental standards. All-in, we’re going to be in for about $200,000. It can rent for about $2,000 to $2,300, but it’s worth around $300,000. After a few months, we’ll cash-out refinance, get our money back out and we’ll essentially have that property without any money into it.

The cool thing about the 1-to-4-unit space is that it’s generally easier to get financing on them. You’re a hard money lender, but talking about the financing of these things, how did you go about it? Did you start conventionally? Did you wait until you max out the number of units and then you switched to other types of financing?

If you are brand new and have no idea where to start, join a local real estate investing group. Click To Tweet

This one is a strategy thing. We want to reserve our conventional financing for the bigger projects because we know that we are limited to the amount we could have and also, they have the best terms and the best rates. Usually, the bigger loans are the ones we do conventional loans on and the smaller ones, we do cash. Some properties are in the middle, maybe in the $100,000 space. We’ve teamed up with some small banks who can do commercial financing, but those are interesting. Those are like 25-year loans and 50% down with no real limit too. Financing is very interesting. You have to talk to a lot of different lenders to find out what’s the best policy for your situation.

It’s great that you could still even do lesser than 20% down on non-owner-occupied properties. Most of the types of financing that you have on these properties, are the principal and interest fully amortized types of loans?

SCF 8 | Out-Of-State Investing

Out-Of-State Investing: Agents are going to be a key source of finding these off-market opportunities.

 

 

Correct.

Do you ever use private money for any of these acquisitions at all?

Usually not, but for this particular property, we are. My fiancée’s parents have access to a HELOC, which is a Home Equity Line Of Credit. Their interest rates are super low on there. They’re like, “If you guys need extra funds, here you go. We’re using those to fund the purchase of this property, that $125,000 one I was talking about and then we’ll fund the rehab. In six months when we do the cash-out refinance, we’ll then pay them back with interest.

In finding deals, are you mainly relying on realtors to find these deals or do you do them through networking yourself? Are there any other methods that you go about now since you have so many units? What is the best way that you see yourself finding deals now?

Generally speaking, the agents are going to be a key source of finding these off-market opportunities because they’re in the know. My fiancée is also good at shopping. She likes shopping online for houses, not only for clothes and stuff. She’s always on Zillow and stuff. She finds good deals there too. Facebook Groups have been a good resource to find off-market opportunities from wholesalers.

You had talked about this price-to-rent ratio several times in our conversation. Is there a certain price-to-rent ratio that you look for that is the bare minimum for it to be a good deal for you?

We try to stick with that 1% rule. The price-to-rent ratio should be 1%. We want to make sure that we’re getting 1% of the purchase price in gross rents because that usually covers all expenses. Principal, interest, taxes and insurance for the monthly payments, property management expenses, reserves for capital expenses and then also profit for us for cashflow.

I know that you’re not buying turnkey rentals, but I’m curious as to how do you know how much work you’re willing to put in the property to determine whether it’s a good deal or not since you are buying properties that are potentially fixers?

That’s why it’s good to have trusted boots on the ground team. The property managers are usually the ones in charge of doing the make-readies. They have a lot of experience doing this all the time. I always do insist on getting an inspection report on all the properties that we put offers on. They’re pretty cheap, only $300 or $400 and they’ll tell you everything that’s wrong with the property with pictures. You can send the report to your property manager. Your property manager can send the report to other contractors. The contractors can walk inside and give you bids. We’ll then have a good understanding of like, “It’ll cost maybe $20,000 or $30,000 to fix this property.”

What types of general renovations are you doing to a property?

It’s property-specific. Some properties, especially the cheap ones, may not have a good HVAC system. Heating, ventilation and AC. In the markets that we’re in, AC is important. Not so much here in the Bay Area, but they need them in the East Coast and Central Texas. You budget it, “Here’s how much for an AC. New paint throughout the house and possibly changing the flooring. We’re not doing HGTV beautiful remodels here. We’re just making them rent-ready and that’s basically it.

More of those HGTV models that you see that stuff in the Bay Area flips, but you were dealing with properties that are sometimes under $100,000. It’s not expected to do that. Are you trying to hit a certain number of doors as you do this? What’s on the horizon for what you’ve got for goals?

I feel like when we were just getting started out, it’s always like, “I want $10,000 a month in passive income.” That’s like a popular one or, “I want to get to 100 doors,” but now that we’re at a certain level, it’s weird to say this, but I don’t think we need more money per se. You want to do more cool things. That’s why we want to branch into that short-term rental space because it is like a new activity for us where we can go in and make the properties a little bit nicer. Maybe a little bit more unique where we can then market it on like Vrbo or Airbnb, and then try that route because we don’t have too much experience in that field. Another thing is to get more into the wholesaling and flipping space. We have a lot of partners that we know we can work within these different markets to do these kinds of projects. That’s going to be our main focus for 2022 going forward.

With more job growth, you have bigger population growth, which means more people coming in and more rents going up. Click To Tweet

The idea of doing Airbnb these would also be with the out-of-state rentals that you’re doing as well?

Yes.

What about syndications? Do you ever dabble in any of that stuff?

I’ve often been asked to do syndications, especially because we do have platforms like the podcast, Meetup media group, etc., but I don’t know. I never got into syndications. I totally understand the model and I understand why people love it, but it hasn’t been something that’s super interesting for me. That’s why we haven’t gone into it, but who knows? Maybe in the future when we do have all these things done and we started doing commercial, multi-family or something like that, it could be an option.

Syndication sometimes feels like you’re not even doing things. It’s so passive. At least with you, you can have more control and you get to control the financing and all that stuff, which is also nice too because you have more of a say of where the investment goes.

I’ve had lots of syndicators on my podcast too, and sad to say, sometimes those are boring interviews because they’re all very similar. Whereas the people who are doing their own operations are very interesting because you get to hear exactly what they’re doing for their particular niche.

I also know that you dabbled in flips and stuff. Tell me more about that. I don’t think those are out-of-state.

Those have all been local. I did a couple of flips in Sunnyvale and a couple of flips in Santa Clara as well.

How did you get into that space? Are you still doing it?

I got into that space because I joined a lot of local real estate Meetup groups and even though I want to do the more buy and hold strategy, it seemed that a lot of people here in the Bay Area prefer flips. It makes sense because buying a rental here as a straight rental doesn’t usually make sense by itself, but people are doing well with Bay Area real estate, mostly because the fix and the flip realm is so good. People are often making six figures or more per flip than they do.

The first flip that I did, I made $300,000 so I thought I was a genius. Flipping was a very interesting experience. It’s very difficult while working full-time as an engineer. If you are working full-time, I recommend you partner with someone who can be there on-site because it is a little more risky with the Bay Area. Your financing goes up because the prices are so much greater. You want to be on top of your stuff if you’re going to be flipping in the Bay Area.

What is your favorite real estate investing strategies? We talked about the BRRRR Method, that’s not the main thing that drives your investment. What methodology are you doing? What do you follow?

We’ve mostly been following the typical buy-and-hold strategy. It’s so interesting because I flipped houses. It’s profitable but stressful. Whereas the buy and hold strategy is very easy, but you can make a lot of money from it because you don’t do anything. You hold onto the property and you blink, it’s five years later and your properties have all doubled in value. I can get long-term capital gain taxes on it. It’s like paying short-term capital gains taxes. I like the buy and hold method and that’s probably what we’re going to keep doing.

Real estate is so great like that. You buy real estate and wait. The longer you wait, the better it is. It’s great that you’ve been able to accumulate. When did you quit your W-2 job to get full-time in this?

I left the engineering role in the middle of 2019.

It’s not even that long. While you were doing that W-2 job, approximately, how many out-of-state rentals or just properties, in general, were you acquiring while you were still working?

While I was there, I had six units as rentals. I had this property here as a house hack and then I had flipped 4 or 5 properties while working full-time.

Are there any other areas in the country that you are thinking of potentially investing in that you haven’t invested in yet?

We’re all sheltered in place for a long time because of COVID. Once we get our vaccines we went out. We went to Las Vegas first and we were enamored by the place. We thought this is an amazing location. Let’s buy a property here. We thought about buying in Las Vegas very seriously, but we found out the short-term rental laws were very strict. We decided, let’s put it on pause for now.

We were in Nashville for a conference and we felt the same way. Nashville is amazing. Broadway Street is great, the food here is great and they felt like this is a booming area. Short-term rental space wasn’t cutting it, and we didn’t want to hold onto long-term properties there. I don’t think we have any plans of branching out to new markets. We’re going to try different strategies in the markets that we’re in because the hardest part is creating that team. We already have the team members, now we can change the strategy a little bit.

A lot of the folks that are reading are newer investors in the real estate space. Any best piece of advice that you can offer for those jumping into real estate investing?

If you guys are brand new and you have no idea where to start, I highly recommend joining a local real estate investing group. Mine is online. You can feel free to join me. Just check it out and MeetUp.com/EverythingREI, but if not, there are thousands of Meetups all over the country. You can just go to Meetup.com and type in real estate investing. Join a group, talk to a lot of investors and figure out what strategy vibes with you because all strategies work. What strategy do you enjoy doing? Then follow the people that are doing that particular strategy.

SCF 8 | Out-Of-State Investing

Out-Of-State Investing: Figure out what strategy really vibes with you because all strategies work. But what do you enjoy doing? Then, follow the people that are doing that particular strategy.

 

When you first started getting into real estate investing, were there any books that jolted your real estate investing career that you might even recommend?

The typical book that everyone recommends is Rich Dad Poor Dad because that original book that changes your mindset is very important. A more technical real estate book that I like is called The ABCs of Real Estate Investing. Go and check that book out. It’ll help you get a good understanding of what it’s like to be a real estate investor.

Are any other resources available for folks that are interested in out-of-state investing?

We do have a course. It’s very affordable. It’s only $350. It’s called Remote Rental Riches where Sharon my fiancée and I, go over how to buy every step that’s involved in buying your very first out-of-state rental property. That’s Remote Rental Riches, and for anyone reading this podcast, we can give them a code for the first five people or so. The code can be School of Cashflow. Type in School of Cashflow and you’ll get 20% off that course.

How can someone get in touch with you and learn more about you?

You can check out my website. It’s EverythingREI.com or if you want to email me directly, that’s Sean@EverythingREI.com. I also do have a podcast called The Everything Real Estate Investing Show. We have over 240 episodes of great people like yourself who’ve come on and shared their wisdom about real estate investing. I also do have a YouTube channel. It’s at YouTube.com/seanpaninvests. We go over different real estate investing topics twice a week.

I love the fact that you’ve offered all these resources, your wealth and knowledge. Thanks, Sean, for joining me on this episode. I appreciate what you do. I appreciate all the info and value you provided my readers. Congrats to all your investing success and the success of your podcast and Meetup group. To my readers, thank you for checking out this episode of this show and until next time, live life abundantly. Thanks, Sean.

Thank you.

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About Sean Pan

SCF 8 | Out-Of-State InvestingSean is a hard money lender, real estate investor, and real estate agent in the San Francisco Bay Area. He focuses on single-family renovations as well as out of state investments in Jacksonville, Florida.

He is the host of “The Everything Real Estate Investing Show”, where he interviews the top investors in the area, many of whom are making over 7 figures a year. He also interviews real estate professionals (agents, architects, contractors, and inspectors) to shed light on what they do, common practices, and how that insider knowledge can help investors succeed.

Sean’s life has changed dramatically from real estate investing. He focuses his time on providing value and guidance to newer investors and encourages them to take action to succeed.