Welcome back. Kris Krohn here and today i want to share with you how to make a
million dollars in real estate. And all you got to do is know how to buy 5
houses the right way and i can show you how to make that happen.
You know, a million dollars is just not what it used to be. I want you to get it
in your head that a million dollars is a very small amount of money. Because
making your first million? Trust me, it's going to feel like a big accomplishment. But
you know what? Once you've done that, we want you to make your next 5 million,
your next 20 million and ultimately how much is enough? Well, it's when you have
the lifestyle that you want to live. And a million dollars is a great start and
can already lead to a ridiculous amount of residual income and honestly living
the life of your dreams. So here's the question. How do you get 2 million
dollars? I actually know so many different ways
to get to a million dollars. I'm going to just share one of them with you today.
But I do want you to know that in the link below,
you have access to a special document that I call "The Game Plan." It's a book
that I just wrote. It's very short and it's designed to show you all the
different ways to make a million dollars. Now, as far as getting to a million
dollars right now, I want to share with you one way of doing that. And today is
going to be a no money way. Which means you don't got money, you don't got credit
and I'm going to show you how to do it. For me, my goal was to become a millionaire
because I knew that that would mean financial freedom and when I retired. I
was worth 1.6 million dollars and I had $12,000 a month residually
coming in and I quit my job. And it was a token of freedom. So making your first
million dollars, if you can make a million, you can make 20 million. It's
just a matter of how much time you got. Making a million dollars in real estate,
you need to actually start by understanding something real basic. My
first mentor said, "Kris, why do you want to be in real estate?" I couldn't give him
a good answer and he said, "Let me give you the best answer." He said, "Because you
only need to know how to count to 10 to become a millionaire." I said, "What?" He said,
"Yeah. One home, 2 home, 3 home, 4, 5, 6, 7, 8, 9, a million. And I
thought, "Wow, that sounds so much better than you know selling fidgets spinners
and making a dollar on each one of them and needing to figure out how to sell a
million fidgets spinners." And so, this whole real estate thing that I want to
share with you right now. It's predicated on doing a deal making a hundred grand.
Now, I just want to let you know, the first house that I did, I made 65
thousand dollars on. The second house I did, I made $130,000
on it. Which means I got gooder at what I was
learning how to do. And I can show you how to skip my learning curve and just
be the goodest right out of the gate. But it's gonna start with this
presupposition. If we buy a house, we make $100,000 on it. I can show you how to do
a home and make $100,000 on it. And the reason why it's important for you
understand that is because if I can teach you how to do that... And those deals
exist. Dude, that deal... That deals out there right now in your backyard. You just
don't know how to see it. And my team and I can, we can. I could mentor you and show
you how to do that. So now you got this house, you're going to make a hundred
thousand on it. And let's say you're going to make a hundred thousand dollars on
it over a certain period of time. We really only need ten houses to make this
work. But what I'm gonna do is just in fairness to you, I'm going to shoot my
system in half and I'm going to say, "But what if you only made $50,000?"
Dude I can do that in my sleep. I am
bored out of my mind. But I want to just lower the standards here so I can show
you how to actually get to a million dollars. You need to find 5 homes that
you can buy with no money. And one of my favorite ways to do that is what I call
a sandwich lease. In my lease option program, it's a form of buying a home. The
seller already has it. There's equity into it and I basically negotiate to buy
this home and have this home in my life and then I'm going to make money on it. So,
if I can find five homes that someone already owns that has some equity in it.
That says, "Hey, you control it, you take it over."And all of a sudden, I can make
50,000 on each one of those. I'm going to show you how to turn that into a million
dollars. So, if I buy these 5 homes and I'm only doing half of what Kris's
system teaches and I'm only making half of what Kris really wants to make.
$50,000. Then these 5 homes are going to make me how much? 50 grand on each home
and there's five of them is going to be $250,000.
Now that is only in and of itself. A quarter of a million dollars. But don't
worry. I'll show you how to get that to a
million. You see remember, we're starting with no money just like I did. So what
we're going to do is I'm going to show you how to basically call up people that live in
homes that are... That are landlords, that don't want to be landlords anymore.
They're now just renting the home. There's just one of my strategies. And
you're going to call them up and say, "Hey, I want to write your home." And they say,
"Great, because I'm a landlord and I want to rent this
home." And then you say, "Great, but I don't just want to be a normal renter. I
actually want to rent this home over the next 5 years and then buy it from you."
And then they say, "Well, that's different." And then you say, "I know. Eventually you
want to sell this home, right?" And they say, "Well, eventually I do. Great." "Tell me
the purchase price now. Give me 5 years. I'll cover all the payments on it.
I'll be in charge of the house and the mortgage. And then eventually I'll buy it
from you." And they say, "You know what? Why not?"
Friends, you just negotiated not just to rent a home, you just negotiated to buy a
home. Now, they're going to carry the mortgage so they're the bank. You don't
have to... You skip financing, you could even skip down payments. And now, the
sudden your contract says, "But I have the chance to sublet this home." That means, I
can lease it to somebody else. I can rent it to somebody. Now, you have your
contract, you own it. You put someone else in the home and if you negotiate it with
some equity and the right kind of cash flow, that $50,000 mark, you can do that
very, very, very, very, very, very, very, very easily. Now you've done 5 of these. Did
you need money to get into them? Their deals will you'll need nothing. Sometimes
last, first security deposit and first month's rent. But I'm going to show you
60 to 90 days later how to actually collect 5 to 10 thousand dollars
upfront. So, it'll be recuperated. So, you might need a few thousand dollars. But
could you come up with a couple of grand or 3 or 5 grand if you knew you
were going to get it back in one or two months? This system will do that. So
now all of the sudden, you're getting into these 5 homes essentially no money down.
Very close to no money down. And you're going to wait. And over the next 5 years,
you're going to sell them and you're going to make half of what I would show you how
to make on a home. You're going to make $250,000. Then what
we're going to do is now, you could do more seller financing deals. And trust me, you
would. Because when you learn how to do it, it's the way that you accelerate and
go faster. But in the meantime you could now just take this 250 grand,
you could put $50,000 down payment on 5 homes. And over a
5-year period of time, you could double it again. Doing the exact same
thing. So, 250 now becomes 500,000. And then if you go for another
5-year stint, you're going to double it again and you're going to make a million
dollars. Now, the good news is you did it. You got to a million dollars. The bad
news is, is that you didn't follow my full system and you only made half as
much as I want on a home. And as a result, it cost you some time. It took 15 years
for you to become a millionaire. Now, if you feel like there's a fire lit in your
pants and you're doing the dance and you're thinking to yourself, "I got to get
where I want to go a whole lot faster. I don't want to take so long." Don't do
50,000 on a home. Do $100,000 games on a home. And if you do that, everything's
going to double here and your... And your 15 year game plan will turn into more like
a 10 year game plan. But then you say, "But Kris, I don't want 10 years. I want to
retire in 5 years." Then you know what? Stop whine and complain. You know how to
do 5 sell or finance deals? Just go do 10 more. Go do 20 more. The reason why I
retired in four and a half years is because I found accelerants to actually
do my system significantly faster. That's one of the beauties of getting in the
game of real estate is that all you need to know how to do is one deal. If you can
do one single deal, that's a home. And you're like that tastes good. Make a
hundred thousand dollars on it. So now I'm going to do a second house and then I'm
going to do a third house and I'm going to do a fourth house. And now you have all this
random crap piled up here but each one of them represents a house. If you can do
four of these, you can do 40 of these. That's what I learned in real estate is
that you just need to know how to do one of these and you're off to the races and
you can do as many as you want. So if you want to say, "Hey Kris, what if I want to
beat you? Not four and a half years. I want to retire in 2 years." Do I have
people that do that? There's only one thing that you really need aside from
the knowledge and the mentorship that I can give you. You need hunger. Like you
have to have a reason. You have to have a reason to go out there and just say, "I'm
going to make this happen. I'm going to freaking tear the world and a half and do what I
got to do." Because you with a million dollars hopefully is a version of you
that is benevolent and kind and living an awesome life and and just rocking it
out. And this real estate will create value for people. It'll put people in
homes that couldn't otherwise. And it's awesome.
Now, this is just one way to get to a million dollars. There are so many
different ways. I just wanted to show you one today that said, if you got a little
bit of know-how, it's not going to take a whole lot more. If you want to learn the
system, if you'd like to actually engage with me and have me mentor you and how
to do this, click the link in the description below. Talk to a member of my
team after you read everything up. And they'll
actually put themselves in your shoes. They'll evaluate your personal finances.
They'll evaluate everything. And you know what? They're not going to care how young
you are, they're not going to care how old you are. They're basically going to say, "If
you've got drive and a reason to succeed, working with Kris will show you how
because he's done it with thousands of other people." Friend, it's all available.
Subscribe to the channel. Keep watching every day the videos that
I post that will teach you how to build wealth and have the mindset of the mega
millionaire. And then talk to my team and start mentoring with me and let's go out
there and crush it doing this system. Take care, I'll see you there.