Today is a funny question. Many of you have asked how do I actually buy real
estate and invest without owning anything? And you know there's a lot of
reasons why people might ask that question. I think we can guess what those
might be. So, I said, "You know what? Shoot. I'll step
up to the plate." Let me share with you how I buy hundreds of properties without
having any of them in my name.
Today, I'm going to share three acronyms with you that will help you understand
how you can invest in real estate without necessarily ever having to put
things in your name. First of all, when you buy a property, someone's got to be
able to buy it. And the first person who becomes a person of record is the person
who puts their credit up. So, the first thing that I want you to write down is O-
P-C. It stands for other people's credit. When I buy real estate, I never use my
own credit. I'm always using someone else's credit. And I'm doing that not so
much because I don't want to be listed as a as a person associated with the
property. It's because banks will only let you do so many homes. And you can
imagine I've done a lot of homes. So that means that the banks have restrictions
on what they will or will not allow me to do. So I get creative. And one of the
ways that I get creative is that I just I borrow people's credit. And I pay them
for it it's like, You got great credit? Let me deposit a couple grand in your
bank account. Hold the property for a few years, Pay you a few thousand dollars
more when we're done. And everyone's happy and walks away. So, if you want to
buy real estate without having in your name? Number 1, O-P-C --Other People's
Credit. If you want to buy real estate the next thing is you're going to need this
other thing called O-P-M. --Other People's Money. And other people's money basically
means if you're fine in the deal or bringing it to the table or maybe I'm
mentoring you. And I'm letting you tap into my destination why deals. You can go
out there to other people have money and pair them up with my deals and boom, now
you're buying real estate that way. So, O-P-M means that you're not using someone
else's credit but now you're using someone else's money. And the last and
probably the most important thing that I want you to be aware of L-L-C. That
stands for a limited liability corporation. That's the name of the
entity that lawyers prefer in general when it comes to actually housing your
real estate. And with a limited liability company, now I could call it Kris Krohn
LLC. But that defeats the purpose, I'm putting my name out there. I could also
call it blue sky LLC or I could call it purple cowell LLC. Or I could call it
caramel popcorn LLC. I mean the reality is I can call my business whatever I
want. And I can even have my entity owned by another one of my entities so that my
name is not on it. I could have my spouse's name on it. So if a person
wanted to buy real estate but didn't want to
have their name tied to it. There are certainly ways of doing that. Now, here's
why this is important. When we go to buy a property, check it out. If you're going to
put a down payment on someone else's money. Let's say that they're putting
down a 20% down payment. And then someone else maybe because it can be a different
person is using their credit to buy the house. After that home gets purchased, you
can quit claim it into the LLC. Which means that when someone looks at who
owns that house. It says blue sky Mountain. And the only way they can know
who owns blue sky mountain is if they start looking that up. And what it can do
is create a layer of protection for you. If you want to know how to buy real
estate without having in your name, it's a combination - OPC, OPM, LLC. And with
those three acronyms my friend, that helps you get started on the game of
real estate. Now, for real though, why would someone be interested in not
having their name out there? One of my clients that I'm in partnership with is
a doctor. And right now, he's got a lot of liability like doctors do. He's got his
errors and admissions as medical insurance. But in the event that he would
ever have personal problem with medical error, someone could sue him personally.
So he says, "Kris, I don't want to have my name attached to the real estate that
we're buying. But I still want to own it." And so I want you to understand there
are ways of actually doing that. And that's what we've just shared with you
today. Thanks for watching this video. I hope it was useful for you. If you're
ready to get started in real estate you're ready to tackle it. And you want
to start at the highest level possible. The highest ROIs. Or maybe you want to
step into turnkey real estate. I provide all of that. All you got to do is click
the link below. Get your hands on a free copy of my book. Talk to my team and boom,
will be off to the races helping you crush it in real estate.