Rich sits down with Daniel Kong - a real estate investor flipping houses out in Hawaii. He was able to retire from his W2 after just 3 years using the BRRRR strategy. By acquiring rentals with no money out of pocket, he was able to replace his salary as a software engineer with passive income. Now he is a full-time investor - Flipping, running AirBnBs, and buying commercial properties in the Midwest. Rich and Daniel discuss the next Beers & Deals real estate meetup host by Somers Capital, their favorite experiences on the Hawaii islands, fix-and-flipping, using the BRRRR strategy on the retail and office spaces, and how to breakdown the cost per space for commercial real estate.They also reflect on what lending looks like for these types of properties, where and when to buy commercial buildings, investing in passion projects with close friends, cap rates and regulations in the current market, Airbnb restrictions and house flipping in Hawaii, the pros and cons of buying short term rentals in blue states, boutique hotels, and how the current lending environment is affecting commercial properties. Lastly, Rich and Daniel talk about the biggest risks in buying commercial properties, competing with Amazon, purchasing recession-proof assets and where Daniel sees the most potential in the next few years.Connect with Daniel on Instagram: @danielkong808Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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