Amin Pormer is the new trending name in the real estate market of California. Despite being a young businessman, he is already impacting the real estate scene significantly. In 2021, he was able to submit an impressive record of the number of transaction deals as a new agent. We decided to have a quick interview with him in his office in Los Angeles and ask about his business vision entering 2022.
At 25 years young, not only has he obtained his bachelor’s and master’s degrees in Civil and Structural Engineering, but also, he has secured his own real estate, lending, and general contractor licenses. Asking him if he knew that he wants to get into real estate from when he was younger, Amin responded, “My father was a hard-working man in the real estate industry, and I was always inspired by him. I wanted to get into real estate since I was a kid. My father used to take my to the jobsites since I was 5 years old, and it was my dream to build and do business in the real estate industry.”
We asked him why then he pursued engineering in college, if he already knew that he wanted to choose real estate and business as his career? Amin laughed and responded, “It’s a Persian thing! In our family culture our parents give us 3 choices as an academic education the second we’re born: Medicine, Engineering, and Law. I chose Civil and Structural Engineering because those were the most relevant fields that I could apply in my pursuit of the real estate passion, and still live up to my cultural standards at the same time.”
Not only Amin helps his clients buy and sell homes as a real estate agent, but also, he has his own flipping and lending company, where he buys old properties and sell them at a higher price after renovating them.
We asked him what new ideas he is planning to implement into the real estate market in 2022, Amin responded, “As a young newcomer to this industry, I believe that the escrow process is very time consuming and costly. I believe that we can come up with a solution in 2022 to eliminate the escrow process or at least cut it shorter. The key to solving this problem is cryptocurrency!”
Once Amin brought up the word ‘crypto’, we were a little bit excited already as crypto was the hottest topic of 2021. But we were curious and asked Amin more details about how would the crypto and real estate industry can work together? Amin said “Well, the smart contracts can replace the job of the escrow officers. Instead of writing real estate contracts in English on paper, thanks to the blockchain technology we have the ability now to write those contracts in crypto language safely and securely. To clarify, I bring an example: Let’s say that I want to buy a house from my sister. A smart contract gets written between me and my sister for the specified property at such and such price with the agreed terms. Then the smart contract gets placed and stored in the blockchain system. Once I, as the buyer, fulfil my duties and pay my dues in crypto token to the third-party smart contract, the smart contract checks off the terms and promises instantly and the title goes to my name, and the money or crypto token get sent to my sister’s wallet. Basically, the escrow does the same thing, but the human power takes days to review documents, where smart contracts can do that within seconds. I’m currently working with financial advisors and real estate institutions to finalize the details of bridging the blockchain world with real estate.”
Well, 2022 sounds to be an interesting year for this creative businessman. Not only is he a very hard-working person, but also, he has the knowledge to combine technology and real estate.
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