Who wouldn't want to live for free? I mean,come on. Let's be honest with each
other. I've been living free now I think for the last 15 years. It's crazy! And how
did I do that? Well, it's because I found a way to hack
single-family homes in real estate and I buy enough of them to basically not just
make me live for free but actually support the rest of my lifestyle: My
travel, the cars that I Drive, all sorts of things. And if you want to learn how
to do that, today's videos going to show you how.
But I want you to understand something. It's not about living for free. It's
actually more about living for free and then having your car paid for and then
having your trips paid for and your health insurance paid for and then not
having to have a job. And essentially, we elevate from a level of financial
security from having our bases covered to financial independence to not needing
the job to financial freedom to be able to do whatever we want whenever we want
however we want. Here's kind of the cool thing about life: Either you can either
work for money or you can have your money work for you. And I'll take it one
step further. You can either work for money or you can have someone else's
money work for you. Because I feel like that's ultimately what I really did. When
I bought my first house, I bought it with a lot of equity. I only put 3%
down payment which came out like 3,300 bucks or 3 grand or something like that.
Because it was about it for $110,00. And on that
house, it had a basement apartment. And after I rented it, that basement covered
my mortgage. Now, I knew when I bought that house, what I was trying to do was I
was trying to go from renting $400 a month hole in the ground to actually
upgrading from a hole in the ground 1 bedroom to a 3 bedroom home plus living
for free. And true story, that's exactly what
happened. Like it was so thrilling to have my biggest expense gone. Because
that worked out, I've been said, "Huh, I have some credit card debt I'd like to
eliminate but let's buy another house." And I used the equity in the house to go buy a
second property. And that house had a $600 month cash flow. Which meant that I
was now living for free and the extra $600, I had a choice of what I wanted to
do with it. And in the beginning the most meaningful thing at the time was getting
out of debt. So, it took like 6 or 7 months and we wiped out all of our debt.
We got out of debt really fast because having extra $600 a month was really
meaningful. When I did my third house, it brought me in another 550-
dollar cash flow and the next house brought me in $400. Living for free,
and bringing in roughly $1,500 a month now meant that tuition, a lot of it was
covered. My books were covered. But that some of her food was now getting covered.
Our house was already covered. Our car was cheap and paid off 3
little Honda Civic 1993. So, I look at all those things and it's like, "Oh, my gosh. My
livelihood is getting paid for." And my wife and I decided that if we had
$12,000 a month, our expenses at the time of pry like 3,500 a month. But we just
said if we had $12,000 a month that I could quit my job and be financially
free enough to travel and and just have more options in life. So, here's the house
hack that I want you to get. I want you to look at a house as an asset that you
can turn into like a cash flow machine. Like I really want you to get this. So,
check this out. I was pulling this up here. This first house that I bought, this
$500 a month, here's what it really meant. It meant that my normal expenses of 3500
a month, that 500 counted towards it. And the 600 them in the next house counted
towards it. Now, I had 1,100 against my 3,500. My next house did 550, boom! My next
house did 400. So, my living expenses drop, drop, drop, drop.
And once that were as that a break-even, now I had 3,500 extra dollars a month
that I was making it my job plus all the money that was paying on my expenses. And
I threw them all at my next investments. And guess what happened. It's snow balled.
It became bigger and bigger and bigger. You got to look at a house as a means to
financial freedom. You got to look at a house as $500 a month cash flow and ask
yourself, how many of those do I need? Like let's just say that you're living
off of 5 grand a month. That means 10 houses at cash flow. 500 bucks a
month would set you free to be independent enough to not need a job.
Dude, think about that. To get out of your job, to count to 10 to freedom, 1 house,
2 house... 8, 9, 10. 10 houses be able to produce that. For just a
moment, comprehend. We're talking about small numbers. And I get it. You're
immediately thinking, "But Kris, dude. The house is expensive." I mean, where am I
going to come up with the money for the down payment? If you want, you can be
right and there's that... That... Either-or thinking versus the both thinking. You
see, millionaires think in terms of both. Poor people think in terms of either/or.
I can do this or I can do that. They think an opportunity cost.
A millionaire says, "How do I get creative and how do I get both?" The solution here
is the same. It's a matter of creativity. Let me share with you some ideas on
creativity. Really at the end of the day, you need someone to find the house. You
need someone with money for the house. You need someone with credit for the
house and you need someone to active manage the house. And it's like, which do
you want to do, what can you do? Like for example, managing the house,
that's a matter of taking my lease option course. That's cheap. You can click
the link below, get a copy of my real estate book. Reach out to my team and say,
"Hey, I want to possess the knowledge so I can actually put all of this together." So
boom! You call in you make a small payment and now you have a mentor
teaching you how to do that. Next, you need credit. I'll show you how to find
credit for crazy cheap. Now, all you have left is finding the deal and the money.
In the course I showed you how to find a house, so that's done. The last one here
is how do I get the money? And I got a secret for you. When you have a really
good deal, the money shows up really easy. So, all four of those go away but it
starts with knowledge. You have to understand how do you take a house and
turn it into a cash flow machine that it can really pay for your living? And
that's what that entire course is about. And my team can actually set you up with
that. Start with the knowledge and then use that knowledge to go out. Never let
the lack of money be an excuse to why you can or can't do real estate. Frankly
that's pathetic. That's what poor people do. That's how poor people think. And you
want to learn how to start thinking abundantly that says, "I get to have it
all." My new podcasts on iTunes, Have It All. It's really all about how do you get
it all, how do you have it all. It's not thinking in the and or it's thinking in
the both. How do I get all of the things that I'm looking at? And that's probably
why you're watching this video because you want to know "How can I live for free?
How can i hack a house system." So, I've been doing it now for years. I've been
living for free all this time. Then my cars got paid for, then my trips got paid
for. Now, everything's paid for. Everything gets covered out of all of my cash flow
from all of my properties. And it can do that exact same thing for you. Right now,
you just got to figure out how to start with one house. And you probably need a
little bit of training and mentoring to make that happen.
And if you're agreeing, then the link is in the description below. Get with me in
my team. If you do not have a copy of this guide, this book is liquid
Gold. What I would have paid in the beginning to read this book and have it
actually show me exactly my path to creating financial freedom. And it now
can do that for you as well. So, thanks for watching. I hope that's helpful. Yes,
real estate can pay for everything in your world without you needing to work.
It's just a matter of you putting in the work to make it happen and set it up.
Thanks for watching. Make sure you subscribe. We'll see you in
tomorrow's video.