440: How a 25 Year Old Bought $1M of Real Estate in 1 Year with Daniel Iles

<p>Believe it or not, <strong>TikTok</strong> isn’t just teenagers doing dances; there are actually some pretty influential investors on the platform. Meet <strong>Daniel Iles</strong>, a TikTok and Youtube creator who bought a staggering <strong>$1,000,000 in real estate during his first year</strong> of investing. Daniel was able to amass this serious sum of real estate while only putting <strong>$23,000 down</strong>. Now that’s impressive!</p><p>Due to an aggressive goal of <strong>reading 60 books a year</strong>, Daniel picked up a book that many of our listeners have heard of, <a href="https://store.biggerpockets.com/products/investing-in-real-estate-with-no-and-low-money-down" rel="noopener noreferrer" target="_blank"><em>Investing in Real Estate with No (and Low) Money Down</em></a> from our very own <strong>Brandon Turner</strong>. This unlocked the potential of investing in real estate for Daniel. He took advantage of <a href="https://www.biggerpockets.com/blog/fha-guidelines" rel="noopener noreferrer" target="_blank"><strong>FHA loans</strong></a>, using equity as down payments, and building his credit to get loans from <strong>small credit unions and banks</strong>.</p><p>Daniel now owns 9 units and a combined valuation of almost $1,500,000, still with almost <strong>no money down</strong>. Daniel stresses that his success comes from <strong>systems</strong>. Whether it’s systems about credit cards, loans, tenant management, deal analyzing, or anything else related to real estate investing, <strong>systems are the key</strong> to keeping your sanity when things go wrong.</p><p>He also has some tips for <strong>new investors</strong> trying to acquire a lot of real estate, in a small amount of time. Creating these <a href="https://www.biggerpockets.com/blog/landlording-systems" rel="noopener noreferrer" target="_blank"><strong>systems for scaling</strong></a> will allow you to make smart decisions and invest in a way that doesn’t push you to burn out.</p><p>In This Episode We Cover:</p><ul><l