Anderson Business Advisors Podcast
Anderson Business Advisors Podcast
How Daniel Kwak Became a Real Estate Millionaire by 24
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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

Resources

Daniel Kwak’s Email

The Kwak Brothers’ Website

The Kwak Brothers’ YouTube Channel

PropStream

Clint Coons

Clint Coons on YouTube

Anderson Advisors

Anderson Advisors Tax and Asset Protection Event

Anderson Advisors on YouTube

Full Episode Transcript:

Clint: Hey, what’s up, guys? It’s Clint Coons here. In this episode, what I want to do is introduce you to someone that I’ve been following. I was just really impressed with his life story. This individual had 87 doors—get this—by the time he was 24, and he didn’t do it with his own credit or his own money. 

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