Hey friend. Welcome back. Kris Krohn here. And today, I'm talking about how to
retire in 5 years through real estate investing. So, a lot of people want to
retire. They want to make money and they know that real estate is one of the best
ways. It's created more millionaires in this country by far than any other
methodology. In fact, I don't care how many people you read about that are
crushing it in tech and startup and in Silicon Valley. Real estate is the
number 1 moneymaker in the world for giving you and I personal control over
our financial destiny. So, the question is you want to retire in five years. What
are you going to need to do that? I don't know that number. You need to know your
freedom number. But let's just assume that your freedom number is $100,000 a
year. $100,000, 6 figures. Basically means you don't have to have a job. You
don't have to work for somebody else. And you can command your own financial
future. So that number was roughly... What it was for me? My number was actually
10,000 because it was like cherry on top. It was way more than I needed. I was poor
at the time. Probably spending $2,000 a month on my expenses. And we're just
going to use $8,000 because 8,000 a month, 12 months of
that, that's a hundred thousand dollars a year. So, how do you actually do that? Well,
I want to share with you how I reverse things in real estate. You know what you
want, you residual eyes it through real estate and this is what that means. If
the goal is $8,000 a month, is $8,000 a month,
then the question is how much real estate do you actually need to produce
that? Well, let's make some assumptions here. When I do my backyard lease option
system, I usually buy a home and I count on at least $400 a month of cash flow.
But honestly, it's often more than that. We're talking about really basic homes
that you can buy for a hundred thousand up to $250,000
And if you were to rent a basic home that you buy with the basic down
payment, you know, you're probably looking at to $300 a month cash flow. Maybe 350,
400. But when you put a lease option on it or lease with an option to purchase,
you're going to usually add two to three hundred dollars a month to that. So this
$400 a month, I feel as
actually really conservative. And if I know I'm making 400 a month on each
house and my goal is to make 8,000, then I got to do a really basic math story
problem here. If Chuck wants $8,000 a month and can make
$400 on every house, how many houses does Chuck need to buy to
reach eight thousand a month? And you pull out your calculator and you do your
5th grade arithmetic and you find out that it means Chuck needs 20 homes. So,
this is your magic number. You need 20 properties. And this is conservative
right here. So you might only need 15 or 17. But let's just say that you need 20
homes. Now, first of all isn't that comforting? 20 is such a small number. I
mean you can count to 20. It's a lot easier than counting to a million or 2
million. 1, 2, 5, 10 to 20, right? You can do it in like 10 seconds. 1, 2, 3, 4, 5, 6,
7, 8, 9, 10, 11, 12, 13, 14, 15, 18, 19, 20! So, 20 is the number of houses you need to
produce at $400 a month each $8,000 a month. That's your game plan. You need to
figure out how to do that. Now, how to actually buy those homes? I've prepared a
special report for you that will actually walk you through the 4 steps
in my ultimate game plan report of how to do that. You can download it for free,
just click the link in the description below. And then reach out and talk to my
team. You can actually have me as your mentor. I'll actually be the guy in my
private community training you working with you. Answering your specific
questions. That's kind of crazy people. Like, "Kris your YouTube channel so big,
how could you make time for me?" But I do. And it's awesome and it works. But just a
little bit on how we're actually going to buy this house. What you're going to learn
in that game plan is number 1, you're going to learn the criteria that you need
to buy that house with. You can't just buy any house. It's a very specific kind
of single-family home, below the median that we want to purchase in the entry
level space. The second thing that we're going to be looking at... The second thing is
to only buy homes that have an ROI of 15%. Now, some of this return on
investment could be from equity. Part of it's going to be from tax benefits and
appreciation and growth and cash flow different things like that. But you need
the right criteria and then you need the right deal. So the right strategy, the
right deal. The third thing that you need to learn how to do is how to fund it. If
you're sitting there thinking, "Kris, I we want $8,000 a month and I don't have
money to put into real estate." Maybe you do. Maybe you don't. If you don't, I'm
going to share 4 strategies in that document. 2 of them don't require any
money at all. So, you're going to fund it with my no money strategies. This is how
I do all of my real estate. I don't put my own money in anymore.
I'm always partnering and working with people so I reveal those strategies. And
then the fourth and final step is, how do you accelerate? Let me tell you what I
mean by that. It took me four and a half years to retire. So my first year that I
was actually out there doing real estate I bought a home. My second year, I bought
a second home. My third year, I bought like 6 homes. The next year, I bought
like a dozen. And the last half a year I got up to 25 properties. Can you
see that it accelerates? There are accelerants that will actually help you
go faster in real estate. Now, one last overview with some new
information. Single-family homes, priced below the median, 15% ROI. I'll show you
exactly how to calculate that. That just means get a good enough deal. There are
different ways of funding this. 2 strategies with money. 2 strategies
without. And the last one is an accelerant. There are 3 different
accelerants that I use it allow me to go a lot faster. Because if the first year
you buy one home and you like, "I wish I could go a lot faster." And then the
second year you're like me like I bought another home, "I wish I go faster." You know,
in the next year you buy 6 and you're after you buy twenty and boom. You're off
to the races. What you need is a game plan and if you don't have a game plan,
then click the link in the description below and you can download mine for free.
Read it, go through it and then if you want help beyond that, there's ways that
I can mentor you and help you do that. Or it'll give you the information that you
need to crush it on your own. Either way go out there and light it up. Because you
know what? $8,000 a month, that is not a lot of money.
$8,000 a month, that's only 20 homes. Say it out loud right now.
That only 20 homes. Say it out loud right now. That is only 20 homes. Only. Because
some of your like, "Such a big number." It's only 20. It's not a lot. Listen, I'm kind
of a dork, you could probably tell that by now. And if those dorks doing and I'm
just telling you you can do it too. So go download my free gift. It's from me to
you, it's in the link in the description below. I'll show you the full game plan
and I wish you the best of luck. Also, if you don't subscribe, I hate you. Just
kidding. But if you like this information and want more of it,
then you should subscribe and ring the bell. And then I can give you more
information like this.