Anderson Business Advisors Podcast

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Real Estate Investors, Stock Traders, and Business Owners guide to preserve their wealth, protect their assets, and prosper in the future.

Episodes

Tuesday Jun 07, 2022

How Daniel Kwak Became a Real Estate Millionaire by 24

Tuesday Jun 07, 2022

How do you become a real estate millionaire without using your own credit or money? Learn to implement and use various real estate investing strategies to grow your own portfolio.

Today, Clint Coons of Anderson Business Advisors talks to Daniel Kwak about reaching 87 doors in a year and becoming a real estate millionaire by the time he turned 24 years old.

Over the past 7+ years, Daniel and his brother, Sam, have built successful real estate investment companies, educational courses, coaching programs, and software to help emerging real estate professionals grow their own real estate investing businesses. The Kwak Brothers are on a mission to help as many families as possible achieve financial peace of mind.

Highlights/Topics:

Daniel’s Dream: To constantly learn, experiment, expand, and grow
Why Daniel got into real estate: Of top 1%, 76% earned money via real estate investing
Daniel’s Problem: He had no money, no credit, and minus $187.65 in his bank account
Four Currencies Concept: Time, money, knowledge, and relationships
Daniel’s Philosophy: Never look for properties but for people to solve their problems
Daniel’s BOLD Strategy: Build trust with older landlords/property managers to find deals
Seller Financing Benefits: Tax advantages, make money as bank, and passive income
Build a business by using FORCE:
- Find the property
- Owner-finance it
- Raise the capital
- Cashflow it
- Expand your empire
Rent Bubble: Increasing rent has priced out tenants from entering housing market