How Daniel Kwak Looks for the Opportunities
Episode #329: How to go from a Negative Balance to a Multi-Million Dollar Bank Account in this episode of Dropping Bombs with The Real Brad Lea (TRBL)
“As an entrepreneur, you are a professional problem-solver.” – Daniel Kwak
Make 8 Figures in Real Estate like Daniel Kwak
“It is our different experiences that lead us there,” says Daniel. He was seeking to create a better life. After Daniel looked at his negative balance, he wept. He felt horrible that he couldn’t take care of himself. He had to make a change, and he did.
Shift Your Thinking: Seek and You Shall Find
Stop thinking about “I” and start thinking about how you solve your customer’s problem. People are not seeking to solve their problem and when you recognize the opportunity, always take it. At the end of the day, we all want the same thing… Prioritize what you duplicate. You don’t have the same skill, you aren’t the same as others, but when you see the right thing, emulate it the right way. The more you cover during your preparation the less you have to do when it’s game time.
Turn a Negative Balance into a Multi-Million Dollar Bank Account
“When you are doing a deal, it’s like playing a game. You aren’t just going to walk into an MMA rink without training. It is the same thing with real estate. As Michael Jordan says, ‘make practice so hard for your teammates that you make the game easy.'” – Daniel Kwak
Make the Right Decisions
IF you want to buy now, look off-market because your biggest advantages in real estate are the appreciation, tax benefits, etc. First, start a bank account, get a line of credit, and raise money.
The F.O.R.C.E Strategy
F-Find the property
O-Owner Finance it
R-Raise the capital
C-Cash flow it and set up management
E- Expand- Get some personal development in you and expand your mindset
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Daniel Kwak first immigrated to the United States with his family at the age of 5. Due to a financially disadvantaged upbringing at the age of 20 he had a negative amount of 187.65 in his bank account. Motivated by continued financial hardship throughout his life he started learning about Real Estate Investing. The first two years he learned everything he could and at the age of 22 he did his first deal. By age 23 he had 83 rental units, along with having raised millions of dollars in capital and also having done a variety of different deals and strategies. At age 26, Daniel founded Miotti Partners Capital, a core-satellite fund that has introduced the equities fund management model into the Real Estate space for the first time. He has also traveled across the country training and mentoring hundreds and thousands of aspiring real estate investors. Daniel and his brother currently run an online financial education company, along with a Youtube channel (The Kwak Brothers) that currently has over 100k subscribers. Overall, Daniel aspires to be a great husband, friend, and to be someone who just loves people.
The Kwak Brothers are entrepreneurs, real estate investors, mentors, and authors of many books. Today you may find them on YouTube or on stage speaking to empower individuals in the world of real estate investing. Our goal is to put you first and your problems first before all else!
The Kwak Brothers, Sam, and Daniel, at one point, were struggling to get started in real estate investing due to a lack of money and credit. Their biggest breakthrough was mastering the FORCE Strategy, a term coined by the Kwak Brothers, which allows users to acquire properties without using their own money or credit.