Wealth Matters By Alpesh Parmar

052: Owner Financing with Daniel Kwak


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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 negative 187.65 in his bank account. This is when he decided to do something about it. 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. And by age 23 he had 87 units, along with having raised millions of dollars in capital, and also having done a variety of different deals and strategies. He has also traveled across the country training and mentoring hundreds and thousands of aspiring real estate investors. Overall, Daniel aspires to be a great husband, and to be someone who just loves people.

Here are the questions from podcast:

•         Can you talk about your partnership structure and how is it like to work with your brother while building business?

•         Can you define owner financing?
•         What are the advantages to buyer on owner financing?
•         What are the gotachs for investor while looking into owner financing deals?
•         What are the advantages to seller by carrying the note?
•         How do you convince a seller with owner financing?
•         What were some of the mistakes you have made and what did you learn from them?
•         Would you be able to share numbers from your worst and best deals?
•         Where are you buying now and what do you think of the current market cycle?

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Wealth Matters By Alpesh ParmarBy Alpesh Parmar

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