Hey, what's up guys? Kris Krohn here. Yes, it is winter. Yes i'm driving with the
top down. It is one of my favorites. I am totally impervious to the cold. But today
I want to jam with you in real estate and I want to talk about why 90% of all
millionaires make it in real estate. And there's very, very specific reasons why.
and so what I want to do is break it down for you. I really want to give it to
you in in like the deeper science than I have in the past. And I think you're
really going to appreciate it.
So, check it out. I'm up here at my mountain home.
It is snowy, it's cold. But a super exciting day. You know, as I've started
this YouTube channel, I've been really honing in. What is the information that
would create the highest level of value for you? And today, I want to give it to
you in one straight shot. How you invest in your 20s, so that when you're in your
30s, not your 40s, not your 50s, not your 60s. You can really living be living life
on your terms. To me, it doesn't matter whether you have money, whether you don't
have money. You have good credit, you have bad credit.
Frankly, it really doesn't make much of an impact at all to me.
So, here's what I want to help you understand. There's a number of
strategies when it comes to the world of real estate investing. In fact, there's 32
main strategies out there. The first thing I need you to understand is that
most strategies, they're not good. You shouldn't do... There's tax deedsm there's
flips, there's a lot of things that are popular. There's multifamily.
There's rentals. And I don't do those things and I don't think you should do
those things. I think you should do what makes the most money that takes the
least time in the least effort and has the least risk. Because dude, no one likes
to start over, no one likes to lose and when you invest, there is some risk. The
reason why I retired at the age of 26 is because I followed a very specific
formula. And I want to detail it out very specific for you because there are 3
things that you do need to know about making money in the game of real estate.
And if you follow these 3 things it's gonna be a total game changer for
you. So, let's head over to the whiteboard and I want to document this for you.
Because I want you understand that when you get in the game of real estate, you
want each property to be a win. When I found out that you could make 50 to
100 thousand dollars per deal, I got to tell you. That was something that was
super exciting for me. Because I realized if I want to make a million dollars, then
I just need to be able to count to 10, right? I got 10 finger. So, so much easier
than some of the other ways and methodologies are out there. And so I
want to ask you how many deals do you need to do before you'd say, "Wow, I've
made it. I've arrived." And with what I'm about to show you. I don't want you to be
thinking in terms of like, you know, "I want to be a millionaire so I
need a million dollars. I need to do 10 deals." it's actually a lot simpler.
You don't need a certain amount of money. What you need is a certain amount of
properties producing a certain amount of residual income. You're not striving for
a certain net worth. You're striving for your real estate to perform in a manner
to give you enough residual income that you don't need to work. When I say I
retired at 26, truth is I didn't really retire I just became financially
independent. And I quit my job and I got to live life on my terms. And it's
because of what I'm about to show you. There are 3 things in particular
that you need to be aware of. Every time you do a deal in your backyard and it
doesn't have to take money. Some of these deals take nothing or maybe 1,000 or
3,000 dollars. Very little. And the first thing that I want you to know is that you
should be making around $5,000. just for consummating the deal as in finding
$5,000 is what you get paid up. Now, up front is really important because who
wants to be in the game of real estate and say, "Hey, I'll work today but I want
to get paid in years." You need to get paid now. The second thing that's
important is that when I buy single-family homes, I buy them
underneath the median. I buy them with my specific system. Which by the way it's
in a book that you can get for free. You can download it. If you click the link or
the one that's popping up on the screen right now, you can get my book for free
that will go into deep detail on this. What I want you understand is that you
get paid 5 grand up front and then you're getting 500 on average
freedom dollars every single month. Now, this $500 is really important because if
you buy 10 homes and those 10 homes are each paying you 500 a month. 500 a month
times 10, that's $5,000. You might not be able to retire on $5,000. But guess what
you can do? You can walk away from a job that's paying less. And if you figured
that out, dude then why not do 20 more why not do 100. Especially when I show
you how you don't need to access your own money to make this happen.
The third thing though that you do need to understand is while there is upfront
money, this money is along the way. You just keep on getting it. There's another
kind of money that you get when you sell this home in 2 3, 4 or 5
years. And it's tens of thousands of dollars. If you're buying it buildings
the median, I'm guessing for all intents and purposes.
And I use this as an example sometimes. $30,000.
It could be 50,000, it could be 80,000. It could be 20,000. But probably not less.
And if you start adding the upfront money, the $6,000 on average that you're
getting every year and this money, you start making 50 to $100,000 on every
deal that you do. And my friend, that's that's the part of this whole game that
I want you to have an understanding for. Is that if you're getting paid upfront
along the way and at the end, then the cool thing is... And here's the secret: You
can multiply this. You do 2 or 3 or 4 of these deals. And it's... So your
ROI, your return investment is so high that you're going to start attracting
a very special kind of people. These people are called partners. And a partner
is an individual that says, "Hey, I'm into my career. But I've been saving up some
money. I don't want to learn what you've learned. Can we go in 50/50?" And this is
when you hit the big time and this is when you can do. Right now, I can do as
much real estate as I want. I have a goal of becoming a billionaire. I want to be a
billionaire philanthropist the second half of my life. And right now, I've got
assets growing like crazy. But I followed the system to get started to recreate my
financial independence. And then my partnering system which you'll also
learn about in the book is what has taken me from independence to true
financial freedom. Did you know there's a difference between those 2? Financial
independence just means you got out of your job and you've replaced it. But
financial freedom means that you're now living the lifestyle that you want. So,
living where you want, donating the way that you want, giving to charities the
way you want. You know, being able to take the travel and the trips and vacations.
It's a very real byproduct of all the real estate investing that we're talking
about here. So, what I want to do right now is I want to share with you how you
can get my book for free. I want to share with you what's in it and first of all,
it's called Unstoppable. It's a brand new book. And it's different than any my
others. Because I took out all the fluff and I Shrunk it really small. I just can
grab a drink here by my absolute favorite drink. If you ever come visit me,
just bring me a six-pack of apple beer. It's not beer but I got to tell you
it's really tasty and I know the carbonation is not good for me but...
So.. So, here's the deal on the book. It's
called Unstoppable. And what it does is it documents your custom journey to get
a particular realistic game plan to go from nothing to millions. And here's what
I want you to understand about that: Whether you are... Whether you would say
you're too young or too old, whether you would say I don't have enough money or I
don't have any money, dude that doesn't matter. In my matrix of the book, I
actually show how all those combinations of people can get in the game of real
estate. And dude, it if you come out to my live events which you very well might,
you're going to meet all sorts of people, successful investors that are out there
crushing it and doing it. Right now, the book is free. We're going to do that for a period.
All you got to do is click the link below, get your hands on a copy of the
book. And it'll even come with a consultation if you want. You can talk to
remember my team and basically say, "Okay. I'm reading this book. I'm getting my
custom game plan. I'm figuring out my next steps." And having a member of my
team contacting you it's just to make sure you understand the book in its
principles. And if you get stuck then we want to finish customizing the process
so that you're completely clear on exact steps you need to do to make your next
million or your first million in real estate. Hey, thank you so much for
watching today. If you're not already a subscriber, make sure you do that. Ring
the bell. Every day, I've got new content coming out. Get your hands on a free copy
of my book. And who knows? Maybe I'm going to be your next mentor to help you make
your next million in real estate or I'll be seeing you at one of my live events.
Take care.