Today our guest is Daniel Kwok. He had a goal of 20 doors by the end of the year. He reverse-engineered all the things that he had to do. So, instead of starting at where to find deals, Daniel started at closing and worked his way back.
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Listen to this episode as Daniel shares the nine steps that he designed to work more efficiently and get that deal.
Key Points From This Episode:
- Daniel and his brother currently run an online financial education company, along with a YouTube channel, the Kwok Brothers, with over 100,000 subscribers. They talk about geopolitical finance.
- Daniel hired a performance coach to learn what it means to slow down but still know that he’s going in the right direction.
- Daniel started a real estate fund four years ago. They do lending collateralized by real estate deals.
- When he was single, he worked 14, 15, and 16 hours daily. When he got married and had a family, he thought he would be less productive. Surprisingly, his revenue almost doubled year over year.
- He figured out how to get done in seven or eight hours which usually takes him 20-30 hours to do.
- Daniel formulated his ideas on how he can do things better, faster, and more efficiently.
- He developed relationships with people that had done those things before and sought their advice.
- In January 2017, Daniel’s New Year’s resolution was to get 20 doors by December 31, 2017.
- His mentor advised him to focus on setting standards and expectations versus setting goals.
- Daniel talks about breaking down his standards and expectations into nine action steps to help him focus and achieve his goals.
“Instead of focusing on tactics like going on the MLS, Zillow, Redfin to try to focus on finding the building, what I did is I build relationships with people like property managers, bankers, attorneys, people who can find the sellers and not properties.”
“Focus on creating a situation and finding the people that are not going to say no to your product, as opposed to finding people that you can sell to.”
“Never set goals. Always set standards and expectations.”
Links Mentioned in Today’s Episode:
About Daniel Kwak
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. For 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 around 200k subscribers. Overall, Daniel aspires to be a great husband, leader, and friend by being more aware of God’s love today than the day before.
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