Hey what's up? Welcome back. I've got Mitch here. Mitch has been actually out
there hitting the streets the last couple of months. For the very first time
doing real estate deals. And we're going to talk about the deals that he's been up
to just from what he's been learning here on the channel and how that can
hopefully help you crush it in real estate as well. So Mitch, dude. Um, we kind
of met through YouTube, right? -Yeah. -So, when did you actually start watching one
my first videos? -Uhm, I actually started watching your first videos about 6
months ago now. -Alright. And how many videos did you watch before you decided
call the number, email the team and say, "Hey, I want to know more about this real
estate stuff." -Oh, man... So, like I said, I was I was playing
soccer in England and I probably watched 5 or 6. I was like, "Man, he knows what
he's talking about. I want to learn more." By the end of that week, I'd watched
everyone you've had. -Awesome. So check it out. So that's a lot of videos bro. You're
not playing soccer, you're you're binging on good real estate knowledge. Now, you...
You contacted our team and decided to get some of the resources and tools that
we have. And I know that kind of got you set up to start going out there real
estate. When you join the community and started getting that hands-on help
between me and and and jump in under those deals, tell us about the first deal
that you did. -Okay, so the first deal that I got under contract was a purchase for
65,000. Uhm, my monthly payment sitting somewhere around
380, 400. -Okay. -And it's cash flowing about $700, $600.
-Pause! Results not typical. Now, this is Louisiana, right? -Yeah. -Okay. Now, by the way,
when when Mitchell the group said that he did this I said, "Bull crap!" Like... That
like, for a $65,000 house that is an extraordinary cash flow.
-Yeah. -It was in a market that I hadn't done my research on. I was a little bit
unfamiliar with it. But a $700 cash flow every single month? I mean for just a
moment, dude, if you got the knowledge and worked with the team and did a deal and
had a $700 month cash flow... I mean, think how awesome that would be, right? For
solicit are payments some of us that's rent. -Oh yeah. -You know, um but you know
then I wanted to know... Okay, I want to know if this is kind of like fluke Ville
or is this kind of real? So I challenge you, I said, "Go do it
again." And I know just in the last couple months, you've done 2 more deals? -2
more. -So, you're just you're fresh and just getting started. Tell me about the
second deal. -So the second deal, it's going to be cash flowing about $500.
I got stuck with a flood insurance at $260. So I was expecting 760
on that return but it has $30,000 of equity. -Okay, so just pause for a second.
For those of you that don't know what that means,
$30,000 of equity means that it's worth maybe how much? -150. -And you bought it for?
100. -Okay. So, 100 and? -I bought it for 100 now put about 20 into it. -Okay so you
basically got it with about a 33% equity position. You had to put down payment
some money into it. So, you've got $30,000 of equity. Now, you sound
a little disappointed on that cash flow but just for you that are watching. If
you do... If you do entry level deal like this and you're following my system and
you get a $500 cash flow, please don't cry or not too many tears. Because 700 on one,
500 on the other. That's $1,200 a month. -Yeah.
-Like... That's... That's serious. That's like really getting going. So, I challenged you,
"Hey Mitch, do it again." Do tell us about your third deal.
-So, the third deal actually got under contract not too long ago. I did it
through partnering. -Okay. -I learned from your partner profits course. So, our
monthly payment, again, is around 380. -Okay. -Somewhere around there. And we bought it
for 63,000 and it was covered... Closing cost was covered. So we got in
real low. Our ROI's is going to be over a hundred percent for this year. We're
charging 1,200 for rent. So, it's the cash flow of somewhere $800.
-Okay. I just wanted to pause on this. When he talks about a
hundred percent ROI, let me break down what that means. It means that if he
makes $800 every month, that's basically $10,000
for the first year. How much are you putting down on that property? -Um, I think
we're going to be in 11,500. But we have two months to get a
renter in and I've already had people contact me about the property. -So... By the
way, if your property makes you 10 grand after you put eleven grand into it... And
that's a partner's money. That's not even your money, right? And so friends, he's
actually doing no-money-down real estate the way that I teach for those who they
actually click the link and say, "Hey, I want a consultation talk to the team and
learn about it." He's using a couple of different
strategies here but certainly one of my favorite is the partnering because real
estate doesn't need money, we just don't know exactly whose. You found the deal,
they put the money to the... You know bring, the money to the table and now you're
doing this deal. So between the 1200 there... And on this one you have a partner.
So I'm guessing you probably have to split your cash flow 50/50. But you're you
should be sitting over $1,500 a month of residual income just on 3 deals. And
friends, that is it... Seriously, that is a freaking clapper. So Mitch actually just
came out here. It's one of our events and we celebrated him on stage and when
you're in my community and you do a deal, right out of the gate, the first thing we
do is we give you a deal-maker hat. We make a big deal about you and I just
want to congratulate you... For someone that's out there watching these
videos... You know because there's... There's millions of people out there watching
these videos and they're thinking, "Can I really do this?" When you first got
started, like... Did you really think you could do this? -Um, I knew it was a
possibility and I knew I learned enough through your courses but I was
definitely apprehensive about it. -Yeah. -It definitely took the encouragement of you
to just kind of jump in on my first deal to make it. -How did you get that
encouragement? Can you just kind of... Because they don't they don't know when
we actually... When you join this community, to get more that hand-holding. What did
that look like for you? -So, what Kris actually did was, we've been contacting a
little bit back and forth and he said, "Look man, you got... You got the deals but
you just got to jump in. Get your feet wet." And so I did. So, after about 2
months of just messing around, I jumped in and next week I had a deal down. So, I
don't regret that at all. But it is possible. Definitely possible. -Well... And
if you had to see what was really kind of holding you back, I had given you
the technical training but this wasn't really about technical training. -Yes.
Really more about the fear, right? -Oh, it's yeah... I mean, you're putting a lot of
money down. I'm only 21. That's a lot of money for me. -Right. -I mean, I think I put
10,000 down for the first property, that's majority of my life savings. -Right.
-So, it's very... There's that fear there for you. -Well and and I want... I want to show
what the benefits are because you know, obviously the deal could have gone wrong.
Maybe it didn't out because you're inexperienced. But
obviously, you're part of our community so we're shepherding you and working
with you. But you took that leap of faith, you got a second deal doing. Now you... You
now... You're actually working with other people that are looking at your track
record and your market and saying, "Hey, can I pony up a small a little bit of
money? This one partner bringing in $11,000 and getting
almost %100 of that money back in the first year. The %100
ROI, that is... That's amazing. And that's what real estate can deliver when
you have the right training but I think more importantly, you have the right
support team. -Yeah. -And the right encouragement. Where do you think you're
going to go from here. -I look to get 2 or 3 done in the next two months. Right
now, I'm averaging about one house a month. I look to try to up that and maybe
be done 10 to 12 in the next... In my first year. So... -Awesome. -Yeah. -Well, I want to
challenge you, okay? Right now, you're beginner. So you think that one a month
is like the average of what's possible. But I also know that there's an
exponential benefit to real estate. So I want to just invite you since you're out
there pounding the pavement doing the work. I want to challenge you 12 months
from now to actually be sitting at a 6-figure residual income. Meaning 8
grand a month. Right now you're sitting at 1500. So you can see obviously, you've
got some fruit and results. -Yeah. -But if you keep on pathing, you should be
shooting for one to two deals a month. Come the next year, you're going to be
sitting on eight grand a month and you know what? Those kind of people, they have
a level of financial freedom. They don't have to have jobs.
-Yeah. -And more importantly, you never have to have a job again. If you decide, "I want
more in life. Where my goals got bigger. I want to start this charitable foundation.
Or I want to buy a yacht." You'll start thinking, "Dude, I just got to do more
deals, right?" -Yeah. That's... -So um, I'm just going to challenge you and that's because I
want to push you and I want to... I want us to come back and check up on you because
there's a lot of people out there doing real estate but I think would be great
to follow your story and actually just see how hard we can push that. You down
for that? -Oh, definitely. -Can I put a little bit of social pressure for all
the people I should say... -Yeah you can. -Okay, so we're going to... Your next video that
you're going to see this man is going to be when he hits that six-figure residual
income. That's a magic marker. It means that, "Dude, you're going to be 22 and you can
do whatever you want with your life." -Sounds good. -Awesome. Dude, any final words
of encouragement for the young and the old out there watching the channel and
wondering. "Oh, can I really do it? If I work with Kris, will I get what I need?"
What would you say? -Get with Kris's team as videos will help you more than you
ever know. But jump and it's possible. It's definitely
possible. -Awesome. Appreciates you coming out. Flying out here and being
for the event. And when you're part of my community, we give you some tickets to
come to our live events. They are life-changing. So make sure that you
click on the link below where you can learn more about our events and
certainly learn more about you know, exactly what Mitch did. Hey, talk to
another on my team, get that consultation. Whether you've got money, whether you've
got no money. We got strategies that will work for you.
We'll see you then.