Man, there is a lot of misperception out in the world about real estate investing
and I think first and foremost, there's just such a flavor it get-rich-quick and
there's such a flavor of it's going to happen tomorrow.
Tomorrow, tomorrow and
the reality is is that expectation or reality end up often looking quite a bit
different.
What I wanted to do today was listen, no hype, no overstating anything,
no sugarcoating.
I really just want to shoot straight and help you understand
how most people become millionaires in real estate and then I want to share
with you what you realistically can do to accelerate it and crank it up.
You know the way that it worked for me is I had a job.
My first year at this job
I made just barely $20,000.
Now, I was a college kid, I was
full-time student.
So I don't feel so bad about that.
But I realized that I needed
to do something to grow my income and so that next year, I committed myself to
double my income.
That year, I bought my house, my very first house with like
$40,000 of equity, it was like worth 150.
I got it for 110 which meant that on paper
I was worth quite a bit more and that next year he did better at my job at had
a commission component and I was basically making you know $40,000 at my
at my job.
But my real estate started kicking in on my first home and a year
later, 12 months later, I used the equity to buy a second house.
Now out of
basement apartment on my first house, I was living for free after renting that
out.
But my second house was paying me about $600 a month and so that second
year, how much money did I make in real estate?
Well, not a whole lot but the
people that moved in give me three grand down upfront.
I had a positive cash flow
of $600.
That tasted good and I said, "I should do this more."
The next year I
bought a few more homes.
Things started doing escalate because by your four and
a half, I had 25 properties and phoom!
My track record I started leveraging it.
That allowed me to go faster, faster, faster.
But if you look at that, it's
still four and a half years is four and a half years.
It wasn't 6 months, it
wasn't overnight.
The first year was freaking boring.
There was nothing but
just buying what...
Like saving up to buy the house.
The second day was boring.
It
was buying my next house.
You know, it got exciting as it built some momentum.
But
listen, all hype aside.
I mean I was thrilled about it.
I was excited but it's
none of this get-rich-quick anything.
Now if you fast forward, today
this year alone, I'll buy over 300 homes, my personal residual
income cash flow will increase this year by $60,000 on top of everything else.
So,
if you think about that $60,000 a month of brand-new income in next year, I'll do
0:02:28.590,0:02:31.830 even more homes and then the recession
is going to hit and I'm putting a billion
dollar fund together and then I'm going to take a billion I'm going to turn it into
$3 or $4 billion.
If you look at my humble beginnings to where
I'm at today, yes, everything continues to grow but that's the reality is that real
estate takes time and you can make it go faster.
If you have a team or if you have
a system or a strategy, you need to leverage something to actually get
yourself going faster.
Now, I want you to understand that, it was a
ton of work for me in the beginning.
Real estate on the side, I was putting in
about 10 to 15 hours a week.
Which when you have a full-time job and I was also
going to school full-time, 10 to 15 hours was a lot of time.
As I got more and more
houses, I actually brought in a manager that turned it into like 10 hours a
month and today, managing my portfolio really takes a couple hours a month
because I have a team that steps in and is actually now doing all the work.
But I
need to understand, it was a ton of front-loaded work.
You can't afford to go
into this if you...
You know click one of the links for example down below on this
video and you're like, Kris, I want to get with your team and I want you to be
my mentor and Kris, you know, help me, help me."
I'll do all that.
I'll be your
mentor.
I'll give you the training.
I'll let you into my life community.
I'll get
face to face training with you.
I can make all that happen but I can't have
you doing it with the mindset of I'm going to get rich in 90 days or else I'm
out because that's where a lot of people are at today.
You know, if I look at like
my success and I'm like how did I create all this wealth and why am i continuing
to just you know...
My exponential curve, like my real estate wealth building just...
It looks like this right now.
It's almost going backwards.
Just going straight up.
And the reason why I have this massive growth curve is because of longevity.
If
you think about it I've now been investing for 16 years.
I might have been
financially independent free after 4 and a half years.
It all masks more
wealth this year than I have in many of my accumulative years and that's because
I need to understand it it doesn't come for nothing.
There is a time component,
there's some hard work.
There are some things that you can do to accelerate it
but I want to help you also avoid a common mistake.
You don't have to be a
handyman.
You don't have to know how to do anything other than maybe change a
light bulb.
You don't have to become a realtor.
You don't need that license.
We're so trained to think that we have to work for money that we have to invent
work.
The reality is, I make probably between $10,000 and $30, 000
an hour, in real estate and and that's because I know how to make the entire
project work with less than an hour or two of my total time.
Just think about
that for a second.
Like that's what's possible.
it took time to get there.
Now
listen, I'm not trying to scare you one off but if you're sitting there thinking,
"Kris, I can align with those expectations if that's what reality
looks like and whether I'm on track to make a million dollars or more, in 10
years or twenty years or maybe it's five years because I'll go faster, if you're
still ready to play, then all you got to do is click the link below
and I want you to start by getting a copy of my book for free because I want
to show you how to go from nothing to a million in 4 different ways.
For
people that have money and people that have absolutely nothing like just a pile
of debt like when I got started and then if you really want to take the next step
after that, you can actually talk to a member of my team and actually have them
step in your shoes and share with you what this actually looks like.
Because
this can be an incredibly exciting journey as long as you have your
expectations set right.
And with that friends, that's the reality of the game
of real estate and that's how you win big in life.
Have it going on in the
background where you're living life on your terms, your way.
You can still have
your career, you can still do the things that you want in life but always have
real estate running in the background no matter what.
Always, no matter what.
Thanks
for watching today's video.
Make sure you subscribe.
See you tomorrow.