Thank you for listening to this episode of 5 Minute Real Estate Investing!

If there is anything I can do to assist you in any way, please feel free to reach out via email or Twitter @seanodowd15.

Scholastic Capital

Sean is the Managing Director of Scholastic Capital, a real estate private equity fund that buys single family homes in highly elite school districts & rents them to tenants for 3+ years.

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Real Estate Principles

This is my (ever-changing!) list of real estate principles I believe in and will touch on throughout the podcast. I hope this short list is helpful for you here:

Competitive Advantage

• There are approximately 300 million pieces of real estate in the country. Your property must have a significant competitive advantage to differentiate itself from all other property out there.
• Otherwise, your tenants will have plenty of other options. This will push down both your rent and your value

Location

• Spend 6+ months studying the market, at a minimum, before you buy a property
• If you aren't the world expert on the real estate market in a specific zip code, you shouldn't be buying there. (Exception: you specialize in non-residential asset classes)

Leverage

• Leverage is a value tool, but a dangerous tool
• Never go above 80% LTV, either on a specific property or on a portfolio level
• Never take a term loan that expires before the amortization period ends

Time

• Real estate is not passive.
• You should not buy real estate if you cannot dedicate the time to:
• Become a world expert on a zip code or asset class
• To manage the property OR property manager,