Let's have some fun today. Let's do something basic and meaningful. Let's
talk about how to build a residual income of $5,000 a month through some
basic real estate strategy. So, the average income in America right now is
$44,000. That's kind of what the average person is making out
there. So if we can get you doing $5,000 a month, that's $60,000 a year. And for
the average person that's going to get them out of their job and actually get them
hopefully living a life of deeper meaning, greater passion and controlling
their own financial destiny. You know a lot of people think this channel is
about real estate, but it's not. It's actually about freedom. It's about you
being a choice to live your life the way you want and to to live life on your
terms. You know, it's amazing. I live in this beautiful multi-million
dollar house. I'm up here in the mountains right now. We got snow outside,
it's beautiful. You know, I've got beautiful luxury cars that I Drive and I
travel all over the world. And yet, as nice as all those things and outward
things are, nothing can compare to the feeling that comes from just being free.
So, let's talk about how to create some basic freedom today. $5,000 a month is
our game plan challenge and let's talk about how we would actually do it. I
think this is going to be really awesome. Okay, how do we get to $5,000 a month if
you're brand-new in the game of real estate. So for me, there's a lot of
strategies that I could teach you but if I were to say which one's my easiest
strategy, least time, least effort, least risk. Make the most money not even need
money to really get started. It's going to be my compassionate financing lease
option program. And lease option basically means control a home, let
someone else rent it until they can buy it. And then you're going to make big money
up front, big money along the way and big money when you sell it. So, let's actually
define that for you. First of all, on average when I do one of these deals,
just for doing the deal. Think about like a signing bonus. There's $5,000 that you
collect up front. Number 2, there's going to be a cash flow. This is very
important. This is the $500 a month of cash flow.
That means that if my mortgage was a thousand dollars and I'm collecting
1,500, there's 500 left over. That 500 factors into this
right here. $5,000 a month which is the goal.
So, if 500 of that 5,000, for just a moment do the math. How many
homes if this is just one home. How many homes like this do I need to do to get
to $5,000 a month? I need to do 10. If I had ten homes earning paying
each 500 a month, I wouldn't have $5,000 a month. And
that might be enough for you to go ahead and exit your job and really just to
live let can you. I want to tell you something when you quit your job, you
will be amazed at but first of all, how much more fun you're going to have. How much
more you're gonna totally freaking love your life. How awesome the freedom feels
to sleep in if you want or work late or do whatever you want. But more
importantly, I believe that your greatest value emerges on this planet when you're
not doing a job that you don't like. You have more value to offer the rest of the
world when you're not stressed by spending all your time doing something
just for paying bills. So, this is really important. And then there's one more
thing that is also a component here. I want you understand that when you
control this home for 2, 3, 4 years but then let it go, you're going to
be earning tens of thousands of dollars more than likely. When you sell. This is
the... These are the assumptions that I want to play with for how do we get to
$5,000 a month I'm in this very basic game plan. First of all,
here's what we know. We need how many homes? We need ten of them. So the real
question is how are you going to get those 10 homes? I'm going to give you
some ideas in today's video but this is what you do need to know. If you click
the link in the description below, you actually can fill out a form to talk
to my team and they will actually give you a custom game plan. Because while I
give you some ideas today, the reality is you could be broke like when I got
started or deeply in debt like when I started. Or maybe you have money in a
401k or an IRA. You might have a lot, you might have nothing.
And wherever you're at, you're going to need a custom game plan. So I just... At the end
of the video or whenever it's time to hop off. Just click that link and then
make sure you fill out that form on the bottom of the page. And my team will call
you and they'll basically ask you your financial situation and then they'll
give you some ideas. Perfect. What I want to do is I want to give you 2 very... I'm
going to give you 3 ideas today. These are powerful ideas. These are
multi-million dollars ideas. So you're going to want to pull out some pen and
paper notes. I'm going to break this down for you. So, I got to make a little bit of
room for me here. I'm going to share you 3 strategies. Strategy A, and we're
going to put B here and we'll put C here. The first strategy says, "Move." When I
got into real estate, I put 3% down on my very first house. And basically it took
me... I was so broke dude it took me like 14 months to save about $5,000. When I
found this house, I bought it $40,000 below market. Now I was only making 20
grand a year at the time. So by the way, a house was an entry level baby cute
little home. But that $40,000 of equity, it blew my mind. That is more than double
what I made an entire year of my job. How did I just do that? And even better
was it only took 5 grand out of pocket. My 3%, was less than that. But
we'll just call it five-ish, okay? The day that I bought that house, I put 5 grand
in that I had just saved up. And it should have been 20% down. I should have
had to put like $25,000 down. But I didn't have to because banks have this
exception that as long as you'll move into it you can put a baby down payment.
3%. So for most of us, that's really good. You can actually save up for that and
that's what makes this really good. That is a good plan for someone that's really
starting with nothing. Save up a few thousand dollars or work it out with mom
and dad or a friend to borrow some. You could even come off of... I mean, you can
get creative guys. We're talking about a small amount of money to make a lot of
money. And by, the way that house that I put less than 5 grand into, I made
65,000 on that house. So, that was a 13x return. I made 13 times. I
grew my money 13 times. 5 grand times 13 is 65,000.
So, it was really awesome. That's one strategy. Okay.
Strategy number 2 is to fund it with your retirement. If you have money in a
401k, in IRA, in annuity, a Roth. If you've been setting money aside under the
mattress, it could actually be even equity in another home. But we as human
beings, we're so cash poor but we've actually stashed our acorn somewhere.
We've stashed our money somewhere. I just want to ask if you've been now working
your job for a little bit, where are you stashing it? Is it in 401ks at an IRA? The
financial planner and whoever is the steward over that money's gonna say, "Do
not touch that money. That money's for your retirement." And this is your
response, "At the rate it's growing and at the rate I'm saving, I'll never get even
a tiny fraction of what I need. It's broken.
Give me my money back." Take that money and put it into real estate because with
the plan, if you click that link and talk to my team, this lease option strategy.
Look at this. 5 grand up front, five hundred every single month. After
$10,000 when it sells. Holy cow, are you freaking kidding me? Dude, your
401k can't do that. Your IRA can't do that. So, you know what rob those piggy
banks and actually get that money as a responsible steward doing something good
for you. If you got any money saved up like that, you can transfer that as a
down payment into real estate and then boom, you're doing real estate. Now, this
was a fairly no money strategy or a low money strategy. This was a, "I really don't
have money in the bank account." But I actually have been saving a little bit
because Society says to. And here's a here's a true no-money-down strategy.
This what last one I'm going to share today is called partnering. Called what? Partner.
Excellent, very smart. So, here's what partnering means. Partnering means that
you don't have the money but guess what? Someone else does. It's called O-P-M. Not
opium. O-P-M stands for Other People's Money. And it basically means that when
other people have money, if you say... If you found a really fantastic deal that
could make great money, you just put it in front of the people with money and
you're going to be doing a deal. Just last night I was texting with one of the
members of my private real estate community and he'd already done 3
deals this year. And he found a partner that gave him $200,000.
So now, he said, "Okay Kris, I'm going to go and freaking buy
8 to 10 more houses here." And he's lit up and he's freaking crushing it. Well
he's using his partners money. And then guess what?
He's even using someone else's credit. He's renting someone else's credit. It's
is phenomenal. It's one of the strategies that I taught him. And those in my
community. So, moving. Using retirement funds, equity from a home, partnering with
someone else that might have the money. Here's the big thing that I want you to
understand. Succeeding in real estate is not about you having money. It's about
you being resourceful. Not having resources. How resourceful
are you? Now, here's the cool thing. I started with like nothing. And I loved
launching people that have so little to start with. My partners will come on and
they'll have money that they've done very well for themselves financially and
they'll partner with me and we'll go freaking crush it. Because I I do the
only the very best real estate in the country. And I've got piles of it. But for
those of you if you're watching this saying, "Man. Kris, I just want to figure
out how to get me to that $5,000 a month." I want you to know this
is just the start of a game plan. And if you talk to members of my team they'll
finish answering questions and breaking down how you can join my community, will
show you how to do no money down real estate. We'll show you how to find these
deals. We'll show you how to get paid the 5,000 upfront, the 500 a
month on the deals. Plus the tens of thousands when you go to sell. And you
know what? Here's what you're really looking for. You need how many homes? 10.
10 homes at five hundred pieces. 5,000 a month. You might say, "Kris, but
what if I only need $3,000?" Then you only need 6 homes.
"Kris, what if I need $12,000?" Then you need 24 homes,
right? It's all right there, it's all available. And so click the link, talk to
my team, get the rest of the game plan they'll break it all down for you. And if
it's right and you get the invitation to come and join my team. Congratulations
because you and I, we're going to go out there in the game of real estate and start
crushing it and help you achieve that goal of $5,000 a month residual income.
Best wishes. Take care my friends.