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Listen "What Does A Top Real Estate Attorney See Opportunity in 2023? • Donald Hyun Kiolbassa"
Episode Synopsis
Donald Hyun Kiolbassa is an Illinois licensed Attorney and CPA with a focus on Real Estate Law and Estate Planning talks about his newest book and why he wrote it. Donald explains how he got involved in real estate and law. Donald also discusses why he sees the primary residence as an asset and not a liability. Next, Donald talks about where is the opportunity in 2023 and where the realtors should focus on in order to keep their business rolling. Donald and D.J. discuss long-term care insurance and how it can effect the generational wealth. Last, Donald discusses the importance of the agent knowing what they're selling in and out.
Please check out Donald's book "Discover Your Dragon" here.
If you’d prefer to watch this interview, click here to view on YouTube!
Donald Hyun Kiolbassa can be reached here.
This episode is brought to you by Real Geeks and FollowUpBoss.
Transcript
D.J. Paris 0:00What is a top real estate attorney telling every realtor he knows what to do this year to stay productive? Or we're going to talk about that today. Stay tuned. This episode of Keeping it real is brought to you by real geeks. How many homes are you going to sell this year? Do you have the right tools? Is your website turning soft leads and interested buyers? Are you spending money on leads that aren't converting? Well real geeks is your solution. Find out why agents across the country choose real geeks as their technology partner. Real geeks was created by an agent for agents. They pride themselves on delivering a sales and marketing solutions so that you can easily generate more business. There agent websites are fast and built for lead conversion with a smooth search experience for your visitors. Real geeks also includes an easy to use agent CRM. So once a lead signs up on your website, you can track their interest and have great follow up conversations. Real geeks is loaded with a ton of marketing tools to nurture your leads and increase brand awareness visit real geeks.com forward slash keeping it real pod and find out why Realtors come to real geeks to generate more business again, visit real geeks.com forward slash keeping it real pod. And now on to our show.
Hello, and welcome to another episode of Keeping it real, the largest podcast made by real estate agents and for real estate agents. My name is DJ Paris. I am your guide and host through the show and in just a moment, we're going to be speaking with top real estate attorney Donald kielbasa. But before we get to Don, just a couple of quick reminders. Number one, please support our sponsors. We love our sponsors. They're the reason we can keep doing the show. And we appreciate if you check out their products and services and consider supporting them because they support us. But even if you aren't able to support our sponsors, and we hope that you do, please tell a friend about the show. That's the other way that you can help us get in front of more Realtors is tell someone else in your office about this podcast we all we focus on is helping you by talking to top producers who say this is exactly what I'm doing right now to grow my business and let someone else in your office somebody who's struggling and all a lot of us are struggling right now. Right? It's a tough time in the market. So please share the love let other people know about this podcast. We appreciate it. But enough about that let's get to the main event my conversation with Attorney Donald kielbasa.
Right today on the show we have best selling author, champion athlete and real estate attorney Donald Yun kielbasa. Let me tell you more about Donald. Now Donald is an Illinois licensed attorney and CPA with a focus in real estate law and estate planning. Now over the past 14 years as an attorney, Donald has managed over 8000 commercial and residential real estate transactions. Prior to becoming an attorney, Donald worked as a CPA with big four accounting firm KPMG. And he's also the author of two books discover your dragon and Tao of the side hustle, which is his newest book, when he's not practicing law Donald is was a gold medalist for the 2008 United States Wushu Team, wushu translates to Chinese martial arts. Now after winning gold, he caught the attention of Warner Brothers games, and is the martial arts motion capture model in some of the biggest action video games in history, including Mortal Kombat where he was scorpion and sub zero, and also the game injustice where he played Batman and flash. So please, everyone go pick up Donald's newest bestseller, The Tao of the side hustle, which is on Amazon, we have a link to that in our show notes. And if you're a realtor here in the Chicagoland area. Donald would love to talk to you and work with your clients, you can visit his real estate website at Chicago real estate at t y. So, Chicago real estate AT T y.com. Donald, welcome to the show.
Donald Hyun Kiolbassa 4:26Hey, thank you so much for having me. I appreciate the opportunity.
D.J. Paris 4:29Super excited to have you I and I I was very excited over the break to read Tao of the side hustle and actually before we get into any of your story, I normally start with your story but this because this book is so new and it's just crushing it in the Amazon charts, you know, so that our audience doesn't have to wait 20 minutes for us to finally get to talk about the book. Tell us what the tell us what the book is, who it's for, and and why you wrote it.
Donald Hyun Kiolbassa 4:55So ultimately, if you look at if you look at a man come from a macro perspective, people hold wealth in three places, they hold their wealth in real estate retirement plans and small businesses. So the biggest part problem with people when they're starting small businesses is that first step. So I wanted to create kind of is a modern day Art of War, where we walk, we guide the reader through a side hustle, you know, tell the side how so we go from side hustle to stabilize to scale. Right. And it's basically a blend of Buddhism, martial arts and business to help the reader, you know, start dipping their toe in entrepreneurship. Yeah, I
D.J. Paris 5:40love it. who's best suited to for this book to make an impact on who's the who needs to read this?
Donald Hyun Kiolbassa 5:46You know, that's a good question. Why, you know, whenever you're creating a product for distribution, like you're always supposed to have an intended target audience, right? Historically, I would tell you, people who have that entrepreneurial itch, right, that would be the historical answer. Today, I think that definition has broadened significantly. If you go all the way back to Adam Smith, wealth nation, so I'm a big Adam Smith guy, right? Sure. You know, there's three ways to make money, there is salary, you have a job, there is profit, you have a business, and then there is rent, you have an appreciable property that you're able to, you know, collect passive income in some way, shape or form. It's so so it's like, 123. Right. Now, historically, I would tell you, like, Oh, those who have an entrepreneurial itch, right, unfortunately, you know, necessity is the mother of all innovation, right? I have a feeling with given the economic climate that we're about to face, right? I think a lot of people are going to kind of be pushed into entrepreneurial positions, not out of desire, but out of necessity.
D.J. Paris 7:01Yeah, that makes makes a lot of sense. And, I guess one fortunate part of that the sort of nature of the economy right now is technology has sort of enabled this global gig economy. And it's really, it brought in this or expanded the ability of the average person to get involved and produce some of the side hustle services or products at a very minimal investment in a lot of cases, you know, with the technology and infrastructure already built that does a lot of the heavy lifting. So it is kind of an exciting time to consider a side hustle, because we just have a lot more resources now that that helped make it a little bit easier.
Donald Hyun Kiolbassa 7:42Yeah, the barrier of entry to side hustles have definitely changed. Like, if you think about it, everybody has like a University of Google degree. Like you can look up everything. There's two forms of knowledge, there's knowledge of and there's knowledge, how knowledge is where you going to go, when you learn something, right and knowledge how is where you put in your 10,000 hours and kind of cluster of something right now, from an entrepreneur perspective, like being able to break into new areas and create new solutions for problems on like, a micro local area is, I don't think there's ever been a better time to do so. Yeah, I
D.J. Paris 8:21think you're right. And with, especially with so many small businesses constantly being hit up for various services, that maybe somebody with a side hustle can do more inexpensively, can provides real value locally, as opposed to also doing it globally through places like Fiverr, and the sort of gig services, you know, TaskRabbit for people that are, you know, good with fixing and building. You know, it's funny, I was I had a guy from TaskRabbit over who has a normal, full time job where he's, like, an engineer and does something with construction, but he's like a pretty decently high level guy in his salary. And he came over to swap out a door in our in our primary closet. And, and it was pretty difficult job and I said, Hey, I'm just curious, like, why do you do this on the side? He goes, he goes, if I just did this, this gig stuff, I would actually make more than in my salary, but he's like, I just kind of like the stability of the of the thing. So he's like, I'm just going to do this on the side. But I was like, Man, this guy, you know, he's making an extra three $4,000 a month, just doing a couple of these gigs, you know, here and there outside of his normal business hours.
Please check out Donald's book "Discover Your Dragon" here.
If you’d prefer to watch this interview, click here to view on YouTube!
Donald Hyun Kiolbassa can be reached here.
This episode is brought to you by Real Geeks and FollowUpBoss.
Transcript
D.J. Paris 0:00What is a top real estate attorney telling every realtor he knows what to do this year to stay productive? Or we're going to talk about that today. Stay tuned. This episode of Keeping it real is brought to you by real geeks. How many homes are you going to sell this year? Do you have the right tools? Is your website turning soft leads and interested buyers? Are you spending money on leads that aren't converting? Well real geeks is your solution. Find out why agents across the country choose real geeks as their technology partner. Real geeks was created by an agent for agents. They pride themselves on delivering a sales and marketing solutions so that you can easily generate more business. There agent websites are fast and built for lead conversion with a smooth search experience for your visitors. Real geeks also includes an easy to use agent CRM. So once a lead signs up on your website, you can track their interest and have great follow up conversations. Real geeks is loaded with a ton of marketing tools to nurture your leads and increase brand awareness visit real geeks.com forward slash keeping it real pod and find out why Realtors come to real geeks to generate more business again, visit real geeks.com forward slash keeping it real pod. And now on to our show.
Hello, and welcome to another episode of Keeping it real, the largest podcast made by real estate agents and for real estate agents. My name is DJ Paris. I am your guide and host through the show and in just a moment, we're going to be speaking with top real estate attorney Donald kielbasa. But before we get to Don, just a couple of quick reminders. Number one, please support our sponsors. We love our sponsors. They're the reason we can keep doing the show. And we appreciate if you check out their products and services and consider supporting them because they support us. But even if you aren't able to support our sponsors, and we hope that you do, please tell a friend about the show. That's the other way that you can help us get in front of more Realtors is tell someone else in your office about this podcast we all we focus on is helping you by talking to top producers who say this is exactly what I'm doing right now to grow my business and let someone else in your office somebody who's struggling and all a lot of us are struggling right now. Right? It's a tough time in the market. So please share the love let other people know about this podcast. We appreciate it. But enough about that let's get to the main event my conversation with Attorney Donald kielbasa.
Right today on the show we have best selling author, champion athlete and real estate attorney Donald Yun kielbasa. Let me tell you more about Donald. Now Donald is an Illinois licensed attorney and CPA with a focus in real estate law and estate planning. Now over the past 14 years as an attorney, Donald has managed over 8000 commercial and residential real estate transactions. Prior to becoming an attorney, Donald worked as a CPA with big four accounting firm KPMG. And he's also the author of two books discover your dragon and Tao of the side hustle, which is his newest book, when he's not practicing law Donald is was a gold medalist for the 2008 United States Wushu Team, wushu translates to Chinese martial arts. Now after winning gold, he caught the attention of Warner Brothers games, and is the martial arts motion capture model in some of the biggest action video games in history, including Mortal Kombat where he was scorpion and sub zero, and also the game injustice where he played Batman and flash. So please, everyone go pick up Donald's newest bestseller, The Tao of the side hustle, which is on Amazon, we have a link to that in our show notes. And if you're a realtor here in the Chicagoland area. Donald would love to talk to you and work with your clients, you can visit his real estate website at Chicago real estate at t y. So, Chicago real estate AT T y.com. Donald, welcome to the show.
Donald Hyun Kiolbassa 4:26Hey, thank you so much for having me. I appreciate the opportunity.
D.J. Paris 4:29Super excited to have you I and I I was very excited over the break to read Tao of the side hustle and actually before we get into any of your story, I normally start with your story but this because this book is so new and it's just crushing it in the Amazon charts, you know, so that our audience doesn't have to wait 20 minutes for us to finally get to talk about the book. Tell us what the tell us what the book is, who it's for, and and why you wrote it.
Donald Hyun Kiolbassa 4:55So ultimately, if you look at if you look at a man come from a macro perspective, people hold wealth in three places, they hold their wealth in real estate retirement plans and small businesses. So the biggest part problem with people when they're starting small businesses is that first step. So I wanted to create kind of is a modern day Art of War, where we walk, we guide the reader through a side hustle, you know, tell the side how so we go from side hustle to stabilize to scale. Right. And it's basically a blend of Buddhism, martial arts and business to help the reader, you know, start dipping their toe in entrepreneurship. Yeah, I
D.J. Paris 5:40love it. who's best suited to for this book to make an impact on who's the who needs to read this?
Donald Hyun Kiolbassa 5:46You know, that's a good question. Why, you know, whenever you're creating a product for distribution, like you're always supposed to have an intended target audience, right? Historically, I would tell you, people who have that entrepreneurial itch, right, that would be the historical answer. Today, I think that definition has broadened significantly. If you go all the way back to Adam Smith, wealth nation, so I'm a big Adam Smith guy, right? Sure. You know, there's three ways to make money, there is salary, you have a job, there is profit, you have a business, and then there is rent, you have an appreciable property that you're able to, you know, collect passive income in some way, shape or form. It's so so it's like, 123. Right. Now, historically, I would tell you, like, Oh, those who have an entrepreneurial itch, right, unfortunately, you know, necessity is the mother of all innovation, right? I have a feeling with given the economic climate that we're about to face, right? I think a lot of people are going to kind of be pushed into entrepreneurial positions, not out of desire, but out of necessity.
D.J. Paris 7:01Yeah, that makes makes a lot of sense. And, I guess one fortunate part of that the sort of nature of the economy right now is technology has sort of enabled this global gig economy. And it's really, it brought in this or expanded the ability of the average person to get involved and produce some of the side hustle services or products at a very minimal investment in a lot of cases, you know, with the technology and infrastructure already built that does a lot of the heavy lifting. So it is kind of an exciting time to consider a side hustle, because we just have a lot more resources now that that helped make it a little bit easier.
Donald Hyun Kiolbassa 7:42Yeah, the barrier of entry to side hustles have definitely changed. Like, if you think about it, everybody has like a University of Google degree. Like you can look up everything. There's two forms of knowledge, there's knowledge of and there's knowledge, how knowledge is where you going to go, when you learn something, right and knowledge how is where you put in your 10,000 hours and kind of cluster of something right now, from an entrepreneur perspective, like being able to break into new areas and create new solutions for problems on like, a micro local area is, I don't think there's ever been a better time to do so. Yeah, I
D.J. Paris 8:21think you're right. And with, especially with so many small businesses constantly being hit up for various services, that maybe somebody with a side hustle can do more inexpensively, can provides real value locally, as opposed to also doing it globally through places like Fiverr, and the sort of gig services, you know, TaskRabbit for people that are, you know, good with fixing and building. You know, it's funny, I was I had a guy from TaskRabbit over who has a normal, full time job where he's, like, an engineer and does something with construction, but he's like a pretty decently high level guy in his salary. And he came over to swap out a door in our in our primary closet. And, and it was pretty difficult job and I said, Hey, I'm just curious, like, why do you do this on the side? He goes, he goes, if I just did this, this gig stuff, I would actually make more than in my salary, but he's like, I just kind of like the stability of the of the thing. So he's like, I'm just going to do this on the side. But I was like, Man, this guy, you know, he's making an extra three $4,000 a month, just doing a couple of these gigs, you know, here and there outside of his normal business hours.
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