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How I Bought Five Properties Before Becoming a U.S. Citizen: The do’s and don’ts of building an American real estate empire as a millennial migrant

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Mark Yu

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“Consider this true story, related by John Donohue, a law professor who in 2001 was teaching at Stanford University: "I was just about to buy a house on the Stanford campus," he recalls, "and the seller's agent kept telling me what a good deal I was getting because the market was about to zoom. As soon as I signed the purchase contract, he asked me if I would need an agent to sell my previous Stanford house. I told him that I would probably try to sell without an agent, and he replied, 'John, that might work under normal conditions, but with the market tanking now, you really need the help of a broker.'" Within five minutes, a zooming market had tanked. Such are the marvels that can be conjured by an agent in search of the next deal.”

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