From Wall Street to serial real estate entrepreneur

Richard Anthony-Panier started his career on Wall Street in New York City after attending Florida A&M University. Faced with high rent and the cost of living in the Big Apple, he decided to start paving the way for himself to financial freedom through real estate. He always knew he wanted to own rental properties to reap the benefits of having passive income to live a life he had always dreamt of. 

He started his transition into real estate by using his signing bonus from JP Morgan and money he saved from living at his family’s home and investing it in multiple rental properties. Just after two years of working on Wall Street, he was able to retire and is proud to say that at just 29 years old, he has been able to build a real estate portfolio of 22 rental properties. He now uses his time teaching webinars and educating others via Patreon about passive income through real estate while building his portfolio.

Richard Panier provided some great insights on how he got started and how he continues to build wealth at such a young age:

Q: If someone wants to start investing in real estate, what are your recommended first steps?

Rich: Determining what avenue of real estate investing you’d like to dive into is the first step. There are many ways, such as wholesaling, house flipping, buy and hold, or even private lending on real estate deals. Once you pinpoint that, the next step is acquiring as much information as possible or partner with someone who has a proven track record. The three main factors for investing in real estate are 1. Money (yours or borrowed) 2. Time (Yours or project management/partner) 3. Knowledge (Yours or mentor/partner).

Q: What motivates you to keep growing your business/portfolio?

Rich: I like the duality of real estate. It’s the only true investment that goes up in value and pays you monthly. Stocks only go up in value, and dividends barely pay anything monthly, whereas owning a business pays monthly but doesn’t appreciate year over year, except for being directly tied to how much money it’s bringing in.

Q: What are your favorite activities to do during your free time?

Rich: I love to travel and try new cuisines. I’ve been lucky enough to travel to 34 countries and every continent except Antarctica–I hear they have day excursions there from the tip of Chile. Because of the state the world is in now, I’ve been going on local hikes, picnics, bowling, and dining at restaurants.

With all the knowledge Rich has acquired, he knows what it takes to become a successful real estate investor and has learned what’s worth investing in a home through his mistakes. He sees the value in what Realm has to offer when analyzing projects to increase property value and believes the tool can help others guide them when purchasing or selling property.

Interested to see what projects will increase your home value?

Realm helps real estate agents offer their clients data they never thought they could get their hands on, such as instant quotes on project costs and ROI for different projects. Whether a client is actively selling or buying or if you are just looking for a way to reconnect, Realm has data & insights to help!