026: How to Go All or Nothing as a Real Estate Investor with Daniel Kong
There’s so much to be learned when it comes to real estate investing. You have to be clear on what to purchase, where to invest, when the right time to buy is, why you’re buying, and how to raise capital. The more clarity you have about these things, the closer you will get to your vision.
Daniel Kong clearly knew where he was going and how he was going to do it. Thanks to the books he read, the podcasts he listened to, and the right people he met along the way, Daniel tried investing and managed to leave his W-2 job to become a full-time real estate investor – in less than four years!
On today’s episode, Jonathan speaks with Daniel who generously shares some tips and strategies in real estate investing, especially for new investors. As an all-or-nothing guy, whenever he dives into something, whether it's a video game, a sport, or a hobby, Daniel develops an obsession with it. With real estate investing, in particular, he was just hungry to learn and consume as much as he could. Listen in to learn more about how you, too, can carve out the same path Daniel did.
In this episode, you will hear:
How he bought his first property through using different lines of credit
The importance of doing research and due diligence, especially for out-of-state deals
Avoiding wire fraud and how to approach appraisals
Finding the right time to leave your W-2 job
The value of education and relationships
Being on the same page with any partner (in life or in business)
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Supporting Resources:
Instagram - https://www.instagram.com/danielkong808/
LinkedIn - https://www.linkedin.com/in/danielkong808/
TikTok - https://www.tiktok.com/@danielkong808
Other Resources:
Rich Dad Poor Dad by Roberti Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
The Book on Rental Property Investing by Brandon Turner - https://www.amazon.com/Book-Rental-Property-Investing-Passive-ebook/dp/B018UTI2DO
Long-Distance Real Estate Investing by David Greene - https://www.amazon.com/Long-Distance-Real-Estate-Investing-State/dp/0997584750
BiggerPockets - https://www.biggerpockets.com/
Zen and the Art of Real Estate Investing Resources
Website - www.streamlined.properties
YouTube - https://www.youtube.com/c/JonathanGreeneRE/videos
Instagram - www.instagram.com/trustgreene
Instagram - www.instagram.com/streamlinedproperties
TikTok - www.tiktok.com/@trustgreene
Zillow - www.zillow.com/profile/Streamlined%20Prop%20eXp
Bigger Pockets - www.biggerpockets.com/users/TrustGreene
Facebook - www.facebook.com/streamlinedproperties/