Retired in 3 Yrs, flipping to financial freedom with Daniel Kong

Join Steve as he chats with Daniel Kong about getting started flipping houses to achieve financial freedom. Daniel is an active real estate investor who quickly scaled his portfolio using creative strategies along with the BRRRR method. In addition, he has a passion for coffee, learning, and talking about anything real estate. However, his primary focus is building a passive income rental portfolio through fix-and-flips utilizing BRRRR. Today, Daniel shares how he came up with his now solid investment strategy and other ongoing projects. As always, there’s a lot to unpack in this episode, so stay tuned and enjoy the show!

About Daniel Kong:

Before coming across Rich Dad Poor Dad, Daniel Kong knew nothing about real estate or investing. And while he was financially responsible, Daniel never understood how investing worked or what it could do for him. But after reading the magical purple book, he soon started deep-diving into the world of real estate, from reading three books a week to listening to podcasts. Daniel then made it his goal to build passive income streams and eventually quit his W2, including rental properties, stocks, and the list goes on. He spent his first year learning as much as possible before starting any projects. But of course, getting started is never easy. Still, after going through the process of doing minor rehabs, Daniel gained the confidence he needed to go full-throttle, building his portfolio and achieving financial freedom.

 

Outline of the episode: 

●    [01:12] How Daniel Kong got started on his cash flow journey.

●    [02:13] What drove Daniel to pursue real estate investing.

●    [04:33] How he decided what investing strategies to use.

●    [06:59] His advice for people wanting to invest long-distance.

●    [10:28] Solutions to working with people on long-distance projects.

●    [14:03] His transition from investing out-of-state to his home market.

●    [18:28] Other cool projects Daniel is currently working on.

●    [24:43] The impact of the pandemic on the real estate industry.

●    [29:57] How COVID has affected his business, managing properties.

●    [33:14] What is next for Daniel Kong in his real estate journey.

●    [37:30] The best book that Daniel can recommend.

●    [38:23] His superpower of building systems for anything.

●    [39:03] The biggest lesson he has learned over his career.

●    [40:09] Daniel Kong’s advice when working towards financial freedom.

 

Resources:

●    Instagram

●    Long-Distance Real Estate Investing by David Greene

●    Buy, Rehab, Rent, Refinance, Repeat by David Greene

 

Connect with The Cashflow Project!

●    Website

●    LinkedIn

●    Youtube

●    Facebook

●    Instagram

 

The Hawaii Millionaire Mindset Conference: “The Blueprint” will be happening here in beautiful Hawaii next year, July 21st-24th, 2022. Join top industry leaders for motivation, training, and of course, lots of networking. Early bird specials are happening now, so if you want the absolute best pricing, go to https://www.millionairesmindsetblueprint.com/ to find out more.