How Daniel Built a Successful House Flipping Business

Daniel Went From Corporate America To Closing 100+ REAL ESTATE DEALS! Here's exactly how this RES Ultimate Investor built his successful house flipping business with our help!

Today, he speaks with Daniel, a Real Estate Skills student in Massachusetts, who has successfully completed over 100 real estate deals through his house-flipping business.

In this interview, you’ll hear how Daniel went from working long hours in corporate America to building a profitable flipping homes business that gives him freedom and control over his life and income.

Even with over a decade of experience flipping homes, Daniel sought out Real Estate Skills to sharpen his skills, access better tools like the Real Estate Skills Calculator, and learn advanced strategies to improve how he sources MLS deals and evaluates properties. Daniel shares exactly how this has helped him close deals more efficiently and profitably.

• How Daniel built a successful house flipping business after leaving corporate life
• How he started flipping homes with no formal construction background
• Why he focuses on MLS deals (on-market properties) and avoids off-market deals
• How Real Estate Skills helped improve his flipping homes business with systems & community
• His latest fix & flip breakdown: purchase price, holding cost, rehab cost, and final profits
• Why having multiple exit strategies (fix & flip, mid-term rental, etc.) is key to success
• How leveraging agents, building a team, and creating systems drives long-term success

Daniel’s story highlights the real opportunities available in real estate investing for anyone willing to learn and take action, whether you’re starting your first fix & flip or scaling your house flipping business.

Learn how Daniel uses Real Estate Skills' training, community, and proven systems to grow his flipping homes business, close deals faster, and run a profitable house flipping business with confidence.

If you’re serious about doing your first real estate deal, don’t waste time guessing what works. Our FREE Training walks you through how to consistently find deals, flip houses, and build passive income—without expensive marketing or trial and error.

This FREE Training gives you the same system our students use to start fast and scale smart. Watch it today—so you can stop wondering and start closing.

*For in-depth training on real estate investing, Real Estate Skills offers extensive courses to get you ready to make your first investment! Attend our FREE Training and gain insider knowledge, expert strategies, and essential skills to make the most of every real estate opportunity that comes your way!

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Peter Soros (00:00):
Hey everybody. Peter Soros here with RealEstateSkills.com. Today I'm going to share an interview I did with one of our students in Massachusetts. Daniel moved to America when he was 30 years old, didn't speak any English, but he ended up working his way up the corporate ladder, had a decent job, was making pretty good money, but he was working long hours away from the family, just not in control of his time. He knew he had to make a change and he decided to get into real estate and construction. So he's actually been fixing and flipping for over a decade. So he came to Real Estate Skills with a lot of experience, a lot of wisdom and a lot of knowledge, which he shares in this interview I did with him. He also shares a recent fix and flip. He just closed on this month. I'd love for you to check out this story and hear what Daniel has to say.

(00:47):
So let's dive right into it. All right. Hey, Daniel, welcome. How are you doing today? I'm good, Pete. How are you? I'm doing really good. I'm excited to have this call with you. You recently had a sale of one of your fix and flips, so we're going to dive into that a little bit, but as always, we always like to learn a little bit more about you. So just to start off, I'd like to know where did you start off from, because I know you have experience in real estate and doing some fix and flips already before you joined Real Estate Skills. Tell us about, you also told me you're going to be going back home to Portugal, right? For a whole month next month.

Daniel (01:27):
Yes. Portugal and St.

Peter Soros (01:29):
Yeah. Perfect, perfect. So yeah, tell us a little bit about where you came from, your background, what you used to do before real estate, and then what made you get into real estate, and then we can kind of just dive into more deeper topics like that.

Daniel (01:43):
Well, I am an immigrant. I came to the United States. I was 30 years old and not speaking English, didn't know anything about anything like everybody else. I started in corporate America and I worked for 19 years, but the vision is to one day get on my own and do something. But it's a struggle when at the age of 30 years old, you don't speak any language or anything. It takes a while. It's a lot of effort that you have to put into it to learn the language and then go do everything else. So three years later, I was paying rent for $150 a month and I said, well, what about if I buy a house and then instead of me paying rent, somebody pays me rent if I buy a duplex or something like that. So that happened three years and a half later. Still to these days, people ask me, how did you qualify for the loan all on yourself? I said, I don't know. Don't ask me. I just qualify. So I got into real estate, so I got bought my house. I was getting rent paid and paying my mortgage and stuff like that. So I worked for corporate America for 19 years.

Peter Soros (02:56):
What were you doing in corporate America?

Daniel (02:58):
Just curious. I was in a food chain supermarket companies, and I was in the distribution center. I ended up getting promoted and I was in management at one point, and after 19 years I decided to start a small construction business and then going into this house, fixing this house and things like that. And I had a crew and I was like, what about if I start buying this house and fix them up myself and sell them? But I didn't know how to buy. I knew how to fix, but I didn't know how to buy.

Peter Soros (03:33):
Did you have a construction background?

Daniel (03:35):
I didn't have construction background. I was just a handy guy,

(03:39):
But I said, well, if I go on my own, I hire a couple people, we should be able to do it. So one night I was sitting home watching TV and this infomercial about real estate flip. This house came on with Armando Monte Long, I don't know if you know long, but I said, well, that's interesting. I decide to go to workshops, went to workshops. Then we went to training in California and San Antonio, Texas, and I came back and I started. I said, you know what? I'm going to flip houses. Then I start flipping houses, did it all on my own. I'm still on my own flipping houses, but from, I started in late 2012. My first purchase was actually October of 2012, and it took me four months to buy in, fixing and selling four months. I flipped the house. It was scary, but I knew how to get hug money, but I didn't have any private money lenders for gap funding, so I have to spend like $72,000 of my own money to gap fund my deal. It was scary, but I ended up doing it and I made some money. I said, oh, this is interesting. I think I can continue to do it. So I kept doing it from there to today, I did probably about a hundred real estate transactions and I'm doing it to these days. I've looked back.

Peter Soros (05:09):
Nice, nice. What made you just wanted to make that shift? Because you noticed you're paying rent to someone else. What if I just get that rent sent to me instead? Was there any other kind of big shift was it seemed like you were doing okay at your job making decent money and all that. What else was there? Was it like time constraints, didn't see your family as much because of the corporate America? Was there any other kind of push to make you want to go into real estate and leave corporate America?

Daniel (05:43):
I was doing well. I was getting paid well, but it was a very stressful job

(05:49):
And I was like, you have to be there when they want you to be there. You don't come home if there is things to do and they don't want you to come. And at one point they build a state of the art warehouse, and I was there for sometimes 16 hours a day adjusting all the equipment and the warehouse and the way that things run, the warehouse and everything else. And I was like, this is not a life. I couldn't see my family. I couldn't do anything else but work. And at that time I decided and I said, you know what? I think I have to make the shift. I have to do something else, so I'm not living this life for the rest of my life. So that's actually what made me make the shift.

Peter Soros (06:40):
Got it. So it was more like a lifestyle change than specifically money itself. For some people it's like they just need to make more money. Seemed like, yeah, you could have had a comfortable job, but like you said, it was stressful and you don't really get to enjoy your life. You feel a bit like a slave that way, I bet.

Daniel (06:58):
Exactly.

Peter Soros (06:59):
Yeah. So glad to hear you were able to make that move and get out. I assume a lot of things changed for you once you started getting into real estate. How long until, how many deals did you have to do before you were able to just leave corporate America?

Daniel (07:16):
I just left, I mean, when I decide to start the handyman business, because the first thing that I started is a small construction business.

Peter Soros (07:22):
Got it. Okay.

Daniel (07:23):
I decide to leave it and my upper management, actually, I don't know if I should say they like me, but they like my job and they told me, they said, no, just go do your business but keep working. And I said, well, you know what? If I'm giving this company 110%, I wanted to give my business 150%. But then I had this human resource lady that actually pulled me in her office one day and she says, you know what? This company is here for you anytime you wanted to come back. And she says, if you want to really go do your business, go try. If it doesn't work, you can always come back. We are here to take you. I said, okay, well that's great. Yeah, that's nice. And I made the shift. I never looked back though, but that was very encouraging actually.

Peter Soros (08:13):
Nice, nice. Yeah, that's good to feel a little bit of a little safety net that's still there for you just in case, but it sounded like you burned the ships. This is what I'm doing. So that's what it takes sometimes. So you said that was in 2012, so you've done, you said hundreds of transactions or up to a hundred transactions since then. So what led you to come to Real Estate Skills at that point then? It sounds like you've had a lot of experience. What made you interested in Real Estate Skills out of all the other programs and training out there, what led you to actually become a student with us?

Daniel (08:53):
I've been through a of real estate programs, to be honest with you. I spent a lot of money into learning real estate. I'm still spending money. And then when I heard about Real Estate Skills, it was interesting to me because most of the people that talk about real estate, they talk about going off market and Real Estate Skills actually says go after MLS, the on market deals, and that's what I've been doing. I never bought off market properties, I just go off MLS. I said, well, maybe there is a better way for me to go after these MLS listings and do better than I am doing.

(09:42):
I mean, I never any, I never went direct to agent or anything, but with my vice agent, now I work with them better and I have this calculator, the Real Estate Skills calculator. That actually helps me because I used to do it all in pen and paper on the back of the envelope. That's what I used to do. But now with this real estate skills calculator, I use it. It helps me much better to vet my deals and to do my numbers and stuff because you plug those numbers, it comes right back and tells you exactly what you're going to make and everything.

Peter Soros (10:22):
And it's been pretty accurate. You've been finding.

Daniel (10:24):
Yes, yes. It works very well.

Peter Soros (10:27):
That's great. Yeah, that's great to hear from someone who's experienced in the field to kind of just validate. I mean, we know it works. I've used it from my own deals, my very first deal, so it's always great to hear that from someone else who's already done deals beforehand. So that's great to hear. Anything else? So there was a calculator that we do on market, you were doing on market. Anything else that's kind of stood out, always on the calls, always love having on the calls. It's always great to hear what you're working on. Always a pleasure to try to help you try to find comps and bounce some numbers across from each other, and we're always kind of, yep, that's how it goes. So how is that for you? Was that something you ever got in any of the other programs, kind of able to bring deals to people, bounce potential deals back and forth with a coach and see, hey, what do you think of these numbers? Does it make sense or what do you think? Just curious about that as well.

Daniel (11:25):
Now the other programs that I was involved in, they basically don't, there is no community. I mean, Real Estate Skills is a community. It's not just a program that you go and you learn it, you come and then you implement it. You have to do it on your own. So Real Estate Skills is a community. Even if I am on the calls, for example, I'm listening to these new investors, they need to learn things, but they come up with questions that then when you answering their questions, I'm learning a lot of things and I think it's a good way to help the community also because I have some experience with real estate and then you ask me a question and I'm giving ideas out there, I'm putting ideas out there. I'm not charging for my ideas. I know what I know and I like for other people to know, and I feel great helping people and I feel even greater when I'm learning from people. I'm listening to you. I listened to Mike when he was on the call and to the other guy, what's his name?

Peter Soros (12:37):
Ryan.

Daniel (12:39):
I don't listen to Ryan that much, but the other kid that was on the call before from Texas, what's his name? I don't remember.

Peter Soros (12:47):
Oh, Colin. It was Colin. Colin

Daniel (12:49):
Colin,

Peter Soros (12:49):
Yeah.

Daniel (12:50):
So it was a lot of learning express. That's why I like to be on these calls because you learn a lot. The community is great.

Peter Soros (12:56):
Yeah, yeah. No, we love it. And that's one of the big aspects. I'm in there all the time, and like you say, it creates a community. It, it's a living, breathing thing. You see people's growth. You see when they are frustrated and then you're there to kind of help them. And it's always great to have people like you have this, a lot of experience. And then when they hear people like you talk too within the community, I can see and hear the lights go on in people's heads like, oh, okay. Peter isn't just saying things just to say things. Alex isn't just saying things to say things. It's actually like that in the real world from people who have been doing those things. So it's always great to get your input and feedback, and I know everybody else appreciates it, and that's why I wanted to do this call so people could really get to know more about you, how you started, and really what's the future, what's the next plan, what's the next steps. I know you're always working on something, even when you close a deal, you're already looking at the next deal, which is great. So there's always something to work at. So actually let's jump into the deal that you did. I have it up here. It was a four bedroom, two bath in Auburn, Massachusetts, 2,286 square feet. What did you get this under contract for and then how did you get it under contract? Tell us the story about this property.

Daniel (14:25):
This property actually is, I attend the real estate mirror. Then I got to meet this kid, this 18, 19-year-old kid that is actually, he buys and hold very young kid and he has a few properties. So we start having conversation. Actually, he wanted to meet me to mentor him. So he invite me to a dinner. We went to restaurant to the dinner and we spoke for a little while. We kept speaking. So he got this call from a wholesaling company about this house, and then he called me. He was not in a position to buy a fix and flip, he buys.

(15:13):
So he called me up and he says, Danny, this real estate company, this wholesaling company called me about this house, but I'm not in position to buy it. I'm just calling you to see if you want to buy it. I said, you, I never bought a house from wholesale, bro. You know what? I'll give it a try. I'll give it a shot. So called them. I went to see the property. There was another couple there seeing the property. And I said, okay, well, I put an offer on it, and I think the starting was a 4 25 or 4 23, something like that. I came back, I offered them 4 25 and they pushed me. They pushed me, they pushed me. We went back and forth for a week or so, and I said, you know what, I'll tell you guys me. I am a real estate investor and when I come up with my number, I give it to you.

(16:07):
There is no negotiation. That's my final, my best and best offer. You take it or you leave it. And he says, well, there is somebody else. They wanted to pay more. I said, then take it. If somebody wants to pay more than I'm offering you, then take it. You don't have to come back to me, just take it. So a few days later, the guy called me, he says, I guess you get the offer. If you're going to buy it, you get it. I said, okay, I'm buying it. But no, there is a lot of things, a lot of fees. If you don't close on a time, they charge you fees, which I did not know. And there is a lot of things that when you buy a house from a wholesaler, not all the wholesaler are the same. You know what I mean? Sometimes they don't do their due diligence to make sure that everything that should be paid is paid.

(16:59):
So those late payments does not come back on the ambi. And I end up with a lot of those water payment and things like that, that the seller, he was a probate seller as well. So the deceased person did not really pay everything that he was supposed to pay. So there was an attorney that was representing the seller, so he didn't really care about paying those things. So I ended up paying those things. But it worked. I mean, it's a deal that it didn't work for the way that I liked the deals to work. I didn't make as much money as I would've liked to make on a deal because I like to make at least 50,000 on a deal. You know what I mean? I didn't make that much, but I didn't lose money. I didn't break breakeven either. I made some money. The way that I look at it is that I made 40,000 this deal. The way that I look at it is that, okay, well if I do one deal like this per month, I'm making some money. I mean, the thing is you don't find deals to do one like this every month, and sometimes you got to do a good deal, a deal that's going to bring you a triple digit profit in order to make it. But any deal that you make some money, it's a deal because if you don't take it, somebody else is going to take it and somebody else is going to make their money.

Peter Soros (18:28):
Yeah, it's still cash in. It's still cashflow feeding your business. Some of the big fix and flippers, they have employees, they got to keep feeding the machine. They need to do whatever deals that are going to make money a lot of times. So I mean, it still sounds like a really great return. And like you said, you do one of those a month. What is that? Less than 1% of the whole country, you could say for your earnings. So it's still not a bad place to be. And then sure, you have projects you're managing, there's a lot of work, but you're still in control of your time this way with your lifestyle, which is what you wanted. So that's a price that's hard to put. What's the price for that, for your lifestyle, for your freedom to do what you want? That's the other part. So you ended up getting it for, was it 4 25 was your final offer and you that's what you got it for?

Daniel (19:21):
It was 4 24 25 was my final offer. Actually, my acquisition costs that includes everything on this deal was 5 0 5 3 43. So then at the end I had the holding cost about 21, 20 2000. And the holding cost, the closing cost was about 39,000. That's everything, like paying the realtors commission and the interest and everything else. I held this house for literal less than six months. I sold it for 6 0 5, so all my expense was 5 67 and I sold it for 6 0 5, 30 7,000. But I have some money coming back to me from the interest that I paid early before I closed, and the insurance is returning some money, about a thousand, $2,000, and I end up cashing $40,000 on the deal.

Peter Soros (20:22):
Nice, nice. And you used hard money, was that correct? You used hard money?

Daniel (20:28):
I did use hard money. I used hard money and my money actually, I put on about $105,000 on my own money of my own money into this deal.

Peter Soros (20:38):
Alright, so got it. For 4 25 after all the closing costs, you said you were a little over five hundred and five oh five, yep. And then you ended up closing selling it for 6 0 5. How long was it on the market for or when it got accepted? It

Daniel (20:55):
Was on the market for a little over a month. I think we listed it maybe late April.

Peter Soros (21:02):
Yeah,

Daniel (21:02):
Late April. And it sold in June, like June 7th.

Peter Soros (21:06):
Yeah, I'm seeing it here. April 17th, you had it listed for 5 95 and it actually went contingent May 1st, so just a couple weeks it went under contract and then it closed June 5th for 6 0 5.

Daniel (21:22):
It was not bad.

Peter Soros (21:22):
Not bad. Not

Daniel (21:24):
Bad. I mean, I could do it faster. I could do it faster, but I didn't want to really put the property in market in the winter.

Peter Soros (21:31):
Correct.

Daniel (21:31):
And I was kind of dragging a little bit to make that time to put it on market in spring.

Peter Soros (21:39):
All right. And then I know you've got another one you're acquiring right now, so we're just waiting to hear that final word that you got another one to be working on. And then I know you've got some more. You went to go look at another one yesterday. I think it was after the call or you were going to go look at one today? Wednesday.

Daniel (21:56):
Wednesday. Okay. Wednesday. I did went to look one today too. I'm always looking. I mean, it's everyday

Peter Soros (22:02):
Thing. Yeah. Do you have a ceiling of how much, what your budget is? I can only do maybe one a month or if you could get 2, 3, 4 a month, do you have a limit that you can handle?

Daniel (22:15):
No. No. Actually back in 2018, I bought five at once. There was a struggle though. I mean it was a struggle because I didn't have a crew to do all the five at the same time, so I had to use the same crew to bounce back and forth. It was not easy. And then I said, you know what? I'm not going to buy five at once again. But sometimes the opportunity comes, sometimes you take a month, two months you don't get any deal, and then all of a sudden you get in 3, 4, 5 at the same time.

Peter Soros (22:52):
It's a rollercoaster and

Daniel (22:53):
I'm putting offers every day, so I put off every day and they sit on those offers. Sometimes I go back and forth and the strategies that I use is that, okay, we're going to lowball this offer if they don't take it, but the property does not sell for a couple weeks, a month or something, we're going to submit the same offer again, the same amount, keep doing it the same amount. And sometimes those house sit on market, they don't sell them, and then all of a sudden they're calling you back and they're saying, Hey, you still wanted the house? Oh, of course I want it. And then you're getting two, three deals at the same time.

Peter Soros (23:25):
I'm so glad you're saying this. It comes up often so much with the students, and this is what happens when the seasoned investors, they know how it goes. A lot of times it's overpriced. They have to come to the realization, this is actually what it's worth. We're all getting basically the same offers. Let's go to the one who was on it from the beginning. They'll give you the call and then boom, you get your offer accepted. But that's the other key thing is you're always submitting offers. Basically. You said almost every day you're submitting an offer. And that's again, one of the big things. We always say, you have to be submitting offers. If you're not submitting offers, you're never going to get anywhere. So that's just basically it. Keep that machine going. So all the fundamentals, you know what you're doing and it's hard for some people to realize that it's that simple. Basically it's that simple to just keep doing the same thing over and over again, and then you just execute when those things get accepted. So I'm so glad you share that so everyone else can hear it from someone else besides just us.

Daniel (24:34):
Yeah, and it's, it's not complicated to submit offers because if you don't want to submit offers yourself, so you work with the realtors and that's what they do. You tell them, okay, submit this offer, and they have the fiduciary duty to submit the offers for you. If you tell them, submit this offer and if they really wanted to work with you. I mean, if you are a good investor, the real estate agents really wanted to work with you. Because imagine the way that I work with my realtors is that, okay, you get to do two transactions. You get to make money twice because if you work with me, you bring me a property from me to buy, you making money when you buy, and then when it's time to sell, I'm giving it back to you. You're going to list it and you're going to make money again. So they have the interest of submitting the offers to you. I mean, you get the property, they take you to see the property, and then you put the offer, they write the offer for you.

Peter Soros (25:31):
Absolutely give them the incentive. Money talks. They get paid when deals close. So those are one of the reasons why we always say work with agents. A lot of we hear it all the time, these investors, cash buyers, they don't work with agents. They don't want to work with agents like, okay, but you might be missing out on deals. You are missing out also on leveraging somebody else to work for you basically works for you for free until they close the deal. Take advantage of that. That's what they're there for.

Daniel (26:04):
I mean, I talk about my real deals. I mean, I have probably 10 realtors that I'm working with right now. They all bring me deals and we all go see properties and they all write the office for me, but I have this particular one that is great, and I'll tell you, I put everything in her hands. She communicates with the attorney, she needs anything. She calls me and says, Danny, we need this thing. I'm going to send it to me. I'm going to send it to the attorney. And all the questions that the attorney has or anybody or the other brokerage have, she's the one who answered all, she helps you do the design. On Wednesday, we were at the house and she says, I want this done this way. I want that done that way, and we cannot spend, we were the contract and the contract is suggesting, oh, we do this this way.

(26:53):
She goes, okay, that's fine. We can do it that way. But you have to keep the cost down. You cannot charge anymore than that. We think this thing costs. If you want to do it better, you can do it better, but you cannot charge more. I'm going on a vacation, she's staying and running. If we close before I leave, I told the attorney, I said, let's try to close this deal before I leave so I can leave this people working. My subcontract is working and lower. She will be here with these guys and picking some stuff that they need or helping them with the designs and the renovation and things like that. So hopefully when I come back in a month, half of these things will be done. So yeah, you have to leverage other people to help you do these things. I mean, it's a lot to do if you are fixing and flipping. There's a lot to do. So you have to leverage other people's experience to help you.

Peter Soros (27:49):
You need to have a team eventually. And the question is, where do you find this team? You go on market. I mean, I'm sure you made connections with these agents because the deals were on market. So when we say on market, a lot of times too, it's just the connections that you can make from dealing on market. Other students have closed deals, done their first deals because they found an agent on a previous deal they offered, they didn't get it, but then that agent brought him a deal and then they closed on their first deal. So people are missing out on so much potential just because they're afraid to go on market or not want to work with agents. So I'm glad that you share that because you're just missing out on a lot. The sophisticated cash buyers. Investors are not going to not look and have blinders on for the biggest big market. That's where most sales are done, is on market. There's so many connections to make there. So I'm glad you shared that. Yeah. I wanted to ask you real quick. You do mostly fix and flips, but you do hold, right? You do some buy and hold, sometimes you have long-term or do you do short-term rentals? I know you do a mix of things. Tell me a little bit more about that and what makes you decide to do something as a hold, as a rental or just fix it and flip it and sell it?

Daniel (29:12):
Well, when I have this multifamily, which is a duplex, it was my primary residence. It's a house that I bought in three years when that thing was very lucrative house because I rented out and I made money, never like of I'm doing it for business, I'm doing it just to make some money. And then when I start flipping, I held this house that I was going to flip. I got divorced and I said, I'm not living in this duplex anymore. I have this fix and flip this single family home. I'm going to fix it nice and I'm going to move to it. Then I keep that one multifamily is a strict rental, so made pretty good money. And then this house that I'm sitting in right now, it was meant to be a fix and flip. It was a small house in a one and a half acre of land with a big two car garage detached, two car garage.

(30:17):
And the vision was like, well, I buy this house, I can add to the house, make it like a bigger house and flip it for more money. And the same vision that I have, whoever's going to buy the house will see that two car garage detached, two car garage, like a possibility to build something in the future. So things went wrong with this house. When I started to demo the house, the house actually would not stand demolition. The whole thing came down. So I said, oh crap, now I have to build a new house. Now I overspend on this house. I said, well now I cannot sell this house because if I sell it, I lose money now I thought. I said, well, what do I do? And one day I was driving to another house that I was flipping and I was listening to podcast.

(31:11):
I think I was on a bigger pocket podcast, and this guy, Jesse Vazquez came over talking about the midterm rentals. I heard about the short term and everything else, but I heard a lot. Short term is a lot of work, and I heard about this midterm rental. I said, that's interesting. Then I said, you know what? I'm going to try. I'm going to move to this new house and I'm going to try to midterm rental my house, my single family home, and I did it. So I held the house. The house is paying very well twice as much as the long-term rental rate, and I have the house rent to midterm to traveling professionals. My first tenant was the three nurses. They stayed there for three months and then I got insurance contract for another family that the house were flooded. They moved to my house initially, it was for 90 days. They ended up staying there for six months. I think they just moved yesterday, move out yesterday. And I have another insurance contract coming in. So now I'm thinking that I'm going to be holding some houses and do midterm rental because you don't have much work on midterm rentals. I mean, they taking this house, it's their own house and they don't build up the house or anything and they hardly call you.

(32:36):
I think the nine months that I have that house rented, I think I had only one call, one sink faucet there was leaking a little bit and the tenant called me and she says, I don't want your cabinet to be ruined, so I wanted to let you know about this leak here. I said, oh, don't worry, I'll fix it. And I went fixed it and that's it. So I never heard from them and I said, you know what? I think it's good because especially if you're getting contracts from these traveling professionals, nurses, for example, they spend most of the time in the hospital, most of the time working. When they come home, they just go to sleep.

(33:15):
Yeah. Mean, yeah. Now I think if I get a problem, you have to make sure that the property that you're going to hold is a property that's going to cashflow. Because I mean, you got to do your math. If it's not going to cashflow, it does not make sense holding it. If you're making a little bit of money flipping it, you just flip it. It's like, for example, this house that I'm buying right now, I went on Airbnb and I did, what's the monthly rate for that house that I'm buying in that area? The daily rate on a short-term rental is 500, $509 per day. Yeah. It's a coastal community. And I said, well, there is possibilities. When you buy a house, you have to think about your exit strategy. If one thing doesn't work, you have to make it work another way. Okay. You have to take, think about it.

(34:14):
So these house, for example, when I buy it, I mean it's going to bring me, if I flip it, it's going to bring me probably $200,000 in profit or more. And I'm thinking about doing it in not more than six months. I should be able to flip it in six months. But if I decide to keep it, for example, if I can do short-term rental and midterm rental, the mix over the two, I know it's going to rent short-term in summertime in the winter, maybe not, but I can do midterm rental in the winter, and then there is enough land for me to improve the house and build on the land, put another house in it. If short-term rental is working well with midterm rental, I can add to the house another, do another apartment, attach to the house or detach to the house or whatever. Because now in Massachusetts, we can build ad.

Peter Soros (35:14):
Exactly. Yeah. And it's great that this is one of the most important things for investors is to have multiple exit strategies, whether it's buying, holding, or fixing and flipping or wholesaling. And then as you found out, there's short-term rentals, there's long-term rentals, there's midterm rentals, there's all these other things, and then you can even get more creative if there's more land, you can build something. The creativity and the openness of what you can do, the more you know didn't know about midterm, you have to just keep learning. We're always learning. That's Alex Ryan. We're always, always learning. And you even been doing this for a while now. You're always learning. And the more you do that, the more options you have, the more creative you can be. And not only that, you're actually helping people in your community. You had those people who had a flooded house, now they had somewhere to go to.

(36:10):
These nurses who are working lots of hours, they have somewhere because they're traveling and they need somewhere to just have somewhere to go rest. Sometimes it's all these little things that sometimes get overlooked when we're just focusing on the numbers. We forget what kind of impact it actually has in the community and in people's real lives. So that's one of the greatest things that as investors, we have to remember is the actual positive impact we can have by being smart with our numbers, but being creative and having multiple exit strategies. So yeah, thank you for sharing that. That's very huge.

Daniel (36:47):
Yeah. Even in the course of doing it, imagine how many people make money with you. You have agents, you have contracts, you have Louis, you have all these people that make money because you risking your time or your money or whatever to do these flips. But there is a lot of people involved, and a lot of people tell me, don't you see that fixing and flipping houses a lot of work? I said, well, what make me happy is how many people that are impacting positively impacting their lives. When I'm doing these things, I'm taking a risk. I know I'm taking a risk. It's easy to lose money, but it's okay. So I make sure I don't lose it.

Peter Soros (37:25):
Yeah, no, that's a great way to look at it. And I think it's an outlook. We all need to constantly be reminded about when we do it. We're taking these risks, and I tell to the students all the time, remember your cash buyer's, the one who's taking up really all the risks. So make the deals work for them. It's like an agent is doing the best they can and taking care of their client, the seller. You need to be almost like an agent for your cash buyer. You need to make sure, like you said, do the due diligence so we know what we're getting into. Give it to us on a platinum platter like we say in the training because, and like you say, you taking the risk keeps the local economy going. You're helping other people feed their families all because you are deciding to take the risk.

(38:13):
Sometimes people say, oh, but you're not doing the work. Well, someone's got to pay everybody. Someone's got to take the risk and put up the money. It takes all these different pieces to put it together and make it happen. So sometimes investors get a bad name because they think we're just money hungry sharks. And that's not really the case. The majority are not. Are there some bad players out there? Of course, in every industry, in every industry, even medicine or politics, whatever. But here we can make a positive impact in our own communities and we can actually see it. We shake hands with those people. We see the people living in those houses and things like that. So it's so much more than just making a ton of money. But that's not bad to make a ton of money. No, it's

Daniel (38:59):
Not bad. I mean, when you make money, you feel great also making impact in the people's lives, but also making impact in your life.

Peter Soros (39:08):
Absolutely. And your family's lives. And that was the video that Alex made with me for my first video, for my first deal that I made. It changed my life. It changed my son's life and our future and from now on. So there's so many things you can't account for right at that moment. It'll kind of show the dividends later on. So yeah, that kind of brings me kind of to the last question here is what advice would you have for some students? Actually before that, what's the plan? What's the future look like for Daniel right now? I mean, doing the same thing right now, just more fix and flip deals. Buy and hold. Is there anything else you're working on or just let us know what you're working on at the moment and in the future long term?

Daniel (39:57):
Well, in the next five to 10 years, I wanted to actually hold some properties. So it's going to come to a point which I'm going to probably get tired of doing fix and flip with all this work that I have to do. But I have a son with me that's interested in learning and I can get him to learn some things. But if I can get enough properties that's paying me to live, which I'm still making impact, and I know people will come to my properties and they wanted to live in my properties, that's the goal, to hold these properties to make me enough money so I don't have to worry much about things. But I like to be still involved in the real estate community, and if anybody needs my advice, I'll be open to give out advice in the community, like a Real Estate Skills community. I'll be there to help because I mean, I love to share what I know with other people. I don't care about making money to share, but I can share for free because what I learned, I'm not selfish guy. I like for other people to know there is enough for everybody. That's why I tell people, you know what? You cannot do it all by yourself. There is enough for everybody. Don't be afraid to teach other people what, because there is enough. And I like to be in this community to continue to help.

Peter Soros (41:33):
Awesome, awesome. And then the last question, so you kind of shared a little bit, but any lasted advice for either people who are thinking about getting into, let's just say real estate in general or people considering maybe Real Estate Skills? What kind of advice would you give to people maybe on the fence about either going into real estate or also is Real Estate Skills maybe the right path for them to start getting their education?

Daniel (42:03):
Well, you know what, don't hesitate because you're not going to learn on your own. I mean, there is a lot of YouTube videos out there, but you're not going to learn on YouTube. I mean, you have to plug in the community like Real Estate Skills where you hear people like someone like me that's been doing it for a while talking about what I do, how I do it, put things in the perspective. So you learn things and Real Estate Skills is a good community, to be honest with you. I'm not in Real Estate Skills as much as I should be because the time, you know what I mean? That's why I like to be on these calls twice a week because I hear instead of me going into the community and plugging and keep reading what people are posting in the community, I don't have much time for that.

(42:51):
But in the calls I am hearing people and I'm learning and I'm sharing my thoughts don't procrastinate because the procrastination is what keep people from doing things. You think about it and you think about it and you think about it, but you're not plugging to the community that's going to teach you, that's going to help you actually get to the point of doing it, and you got to do it. I mean, if you keep thinking about doing it and don't do it, you're not doing anything you got to do, cannot be perfect because some people, they wait to be perfect before they start doing things. There is no such thing as I got to be perfect. If you're not doing it, you're not perfecting yourself, you got to do it. My advice to everybody that wanted to get into real estate, whether it is Real Estate Skills or other community that actually community, I'm not saying coaching these things or real estate education, a lot of it's the community because me, if it was for real estate education, I could done it much better, but it's the community now that I'm plugging into the community that's helping me a lot more.

(44:07):
You got to plug into the community, and I like Real Estate Skills because I mean a course that you guys do twice a week and you have these posts that you do in the community. If you have any doubt about anything, I can post there and you guys answer and you educate people and it's great. It's a great community to be in.

Peter Soros (44:30):
Yeah, yeah. We definitely want to provide as much service as possible, as much support, because we know it's scary. We're getting into something, especially when you have no background into it. Like me, I had no real estate background. I had just gotten my license. I didn't really want to be an agent. And it's scary. It's scary for a lot of people, but having some support, having some extra eyeballs, looking at some deals and running by some other people, like actual real people, it really helps to make you feel like you're not just doing this alone and that something bad is going to happen. You start to realize, oh, okay, it's going be a lot of work, but it's actually not that bad as like, I'm not going to get sued. I have to really do something stupid and wrong and not be paying attention for something really bad to happen. And you start to realize, okay, I can do this over and over and over again. And sometimes you just need to hear it from somebody else sometimes.

(45:30):
Well, Daniel, it was a pleasure finally talking to you like this and hearing your story. I know everyone else is waiting on pins and needles to get this out so they can hear your story and let us know when the next deal closes. I know it's hopefully it closes before you go on vacation. I wish you a great vacation and enjoy yourself if we don't talk again before then. But again, thanks for coming on. Appreciate everything you do in the community, all the wisdom and the knowledge you share. It's very, very much appreciated. Alex and Ryan. We all see it in the community, so we all appreciate it. Okay, thank you very much. All right, Daniel, thanks so much and we'll talk again soon. Okay.

Daniel (46:13):
Alright. Alright. Have a good

Peter Soros (46:14):
One. And there you have it. Daniel's story is very inspiring on many levels, but one of the levels which I'm really glad we touched on this call is the way that being an investor can actually influence your community and have an impact on people's lives in your community. As you heard, there were people who had insurance claims that they lost their house to a flood and he was actually able to provide housing for people in those kinds of situations, and it just worked out perfectly. So it ends up becoming more than just making a lot of money, which again, there's nothing wrong with that and we want to do with that. It definitely makes life a bit easier when you have that money and that freedom also for your time and your lifestyle, which is also what Daniel was looking for and was able to achieve that with real estate.

(47:06):
But it can create a much deeper meaning and purpose when you can actually see what you're doing in your community. Not only that, by him taking those risks of doing these fix and flip deals, he's actually employing people in the community, his risk, his deals are allowing other people to actually feed their families, agents, title agents, escrow companies, attorneys. Then you've got the contractors, you've got appraisers, you've got inspectors. All of these different people that are involved in real estate actually have work to do. They're actually making money, they're providing for their families and providing a service to their community. And it all really kind of comes back to that investor who's willing to take that risk because yes, the sellers have a home that needs work, but they're in a tight spot and someone has to kind of come in and be willing to take on that risk, and that's where investors can come in and do that and have a big impact on their community and all the people who live in that community as well. So that's one of the levels I'm really glad we touched on because it's an overlooked aspect of being an investor. So thanks for watching this till the end. If you guys have any questions about the Real Estate Skills community, head on over to Real Estate Skillss.com and get in touch with us. Till next time, take care.

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*Disclosure: Real Estate Skills is not a law firm, and the information contained here does not constitute legal advice. You should consult with an attorney before making any legal conclusions. The information presented here is educational in nature. All investments involve risks, and the past performance of an investment, industry, sector, and/or market does not guarantee future returns or results. Investors are responsible for any investment decision they make. Such decisions should be based on an evaluation of their financial situation, investment objectives, risk tolerance, and liquidity needs.