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The Intrinsic Value Podcast - The Investor’s Podcast Network

REI055: Everyday People Succeeding in Real Estate with Daniel Iles and Andres Bustamante

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 1 February 2021

⏱️ 65 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: How Daniel purchased $1.1 million worth of real estate in his first year of investing. How Daniel started with only $23,000 total. How smaller investors can manage risk. What strategies to use to scale your portfolio. Why Andres decided to get his real estate license. How one transitions from being an agent to an investor. Some limiting beliefs when starting out investing and how to overcome them. Ideas for long-term real investing goals. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.   BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Craig Curelop’s book The House Hacking Strategy. Michael Blank’s book Financial Freedom with Real Estate Investing. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert: Twitter | LinkedIn Connect with Daniel: Website | Instagram | YouTube | TikTok Connect with Andres: Instagram | Instagram Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP. On today's episode, two listeners of the show join me as guests,

0:07.6

Daniel Isles and Andreas Bustamante. They share how new investors in everyday people can get started

0:14.3

in real estate without a lot of money. We talk about how they got started, how investing has changed

0:19.7

their lives, and some of their

0:21.5

deals so far. Daniel and his wife started investing in 2019 and purchased nine units in their

0:28.0

first year investing. He also documents their real estate journey on YouTube and TikTok.

0:34.1

Andreas got his real estate license at the age of 19, but didn't become an investor until

0:38.5

he was 23.

0:40.1

He got his first house hack in 2020 and now owns four properties in his personal portfolio.

0:45.9

I'm excited about this one because Daniel and Andre's stories are great examples of how

0:51.4

everyday people can succeed in real estate. And this is the first time I've

0:55.7

had listeners of the show as guests. I've said it before. Success is going to be different for

1:01.7

each of us. For some people, they can build real estate empires with hundreds of millions of

1:07.0

dollars in valuation. For others, it's going to look like owning a few cash-filling

1:12.4

rental properties that just cover your living expenses and help put you on the path to the life

1:16.9

you want. I think today's episode is going to be a great eye-opener for any millennial

1:22.3

or newbie real estate investor who's thinking about how the journey ahead might be difficult. Sometimes,

1:29.2

a lot can happen in just a year, and it sets a great precedent for how you will want to approach

1:34.2

your life goals and getting into real estate. Lastly, before we get into the show, a quick

1:40.3

housekeeping note. You may have noticed that this is a Real Estate 101 episode in the

1:46.0

millennial investing feed. I mentioned in last week's episode, both on Real Estate 101 and on

1:51.6

millennial investing, that the two shows would be combined into the same feed. So that's why you're

...

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