How can a college kid invest in real estate? Well, take it from one that bought
25 homes back when I was in college. More importantly, today I'm going to introduce
you to a young man named Dallin who really doesn't have a job. He's in
college. He's in the middle of his program. But his real passion is for real
estate and he wants to know how to get started. I'm going to create a custom game
plan for him and I'm gonna show him exactly how I did it and exactly how he
can do it too. I'm going to be sharing four different ways that he can do it.
Hopefully it will help you on your journey as well.
So, I am sitting here with Dallin in college right now. What's up bro, how you
doing? -Great, how are you? -Good. And so, Dallin, you've been watching the channel
for a while. How long now? -Ooh! Couple of years. -Couple years. Getting
some of the knowledge. And you told me that you have a ton of passion for the
game of real estate. -Yeah. -And I want to really kind of find out what would his
game plan look like it down actually wanted to get in the game of real estate.
Because right now, he's really committed to being a student. You work just a
little bit 10 hours a week on the side, bringing a little bit of money. You can
get a little bit of student loan debt. But you got a three year journey ahead
of you in an accounting program. -Yeah. -So, what do you do when you're committed to
your program in college and don't really have time for a full-time job on the
side. Maybe work a little bit in the summers. We're going to break it all down
and find out really the plan that makes the most sense. And see if any of it
resonates with you. -Let's do it. -You ready? -Yep. Let's go. -Awesome Dallin. So, listen.
First of all, you said you have some passion for real estate. Where does that
come from? Honestly, I'm not sure. I've just always felt it inside .I think just
the freedom that can come from investing and using your money correctly. I think
is super powerful. -Awesome. So, in school, masters a program at a prestigious
university to be an accountant. But at the same time, you're also freelance for
software development, right? -Mm-hmm. That's correct. -And so, quite eclectic. I'm
just telling you you definitely have an entrepreneurial bone and those that get
an education accounting definitely helps on the side of how to run a business
super competently and smart. There's lot of people mess up the accounting side.
-Awesome. -Good background for you. Alright. Dude, let's dive in. So, a couple of things I need to
know. Other than working 10 hours a week, don't really have a job right now? -Yeah.
-But you have been with them for the last 3 years? -Mmm. -You are planning on
working during the summers? -Mm-hmm. Yes, that's correct. -This is good. Alright. So,
other than that credit, have you developed that? -A little bit. Not a whole
lot. -How many credit cards do you have? -I'm signing up for one tonight. -Okay, you're going to
want to get a total of 3. -Three. -Most banks want to maybe 3 lines of credit. And
I don't really want you to use them and rack-them-up. I just wanted you use them,
pay off. Use of them, pay off. The same thing you would use a debit account for like buy
gas. -Mm-hmm. -Just actually use the credit card then pay off. -Okay. -What it does is
it we're trying to develop a history with the credit bureaus that basically
say, "Hey, I'm financially responsible." My FICO score matches my
accounting degrees. Here are some of the options that I'm seeing right now that I
want to create some where it's on. The first one that I want to show is that in
the summer, when you go full-time, you can leverage the last 3 years of
history and the banks will say, "That's uninterrupted work history." And they want
2 years. You're past that mark. And when you go to full-time. What the banks
will do is they'll actually balance that up. Whatever you're claiming
income right then is what they'll use for the last 2 years. -Oh.
Interesting. -Yeah. It's a little cute. -Okay. -And
I've exploited before. And what that means is you can be student, students,
student working 10-20 hours a week on the side. And then all
the sudden, in the summer, you pop up the full-time. And you wait near at the end
of the summer. And the bank says, "Wow! Your pay stubs are showing strong. And based
on that, we're going to qualify you to buy a house because you have a 2-year
history." -Okay. -That make sense? -Yeah. -So, what would you do you would focus on
buying a what we call a primary residence? Now, the downside of this is
you got to probably save up 4 to 5 thousand dollars to basically put what's
called a 3% down payment on a home. Now, the good news is when you buy this house...
You're not married, right? -No. -So, you get 3 roommates and you actually charge
your roommates rent. And guess what they're doing? -They're paying the mortgage.
-They're paying the mortgage down. There covering the rent and there's actually
usually, in this area, there's positive cash flow. So, there's
room for you depending on whether your zone for 4 or 6 students. If you
would focus on something more like 6 get something in the area, give someone
private room, share rooms all of that kind of action. My guess is you're
probably going to be 3 to 5 hundred dollars a month positive cash
flow. And that just means that you can get in the game of real estate but you
don't need a whole lot of money to do it. -Mm-hmm. -A second option would actually be
co-signing. Co-signing basically says, "I've got a parent, friend a relative,
somebody that, "Listen, I'm only working 10 hours a week, dude. I'm working on my
college thing." That is a usable asset. But it's not going to be enough for someone
to loan your house. So, you say, "I'm going to combine it with someone else
situation. I'm going to cosign." By co-signing, you can also get in the game of real
estate. You can buy a house. It could be a primary residence or it could be an
investment property. P, for primary. I for investment property. And so, when you take
a look at that, that's just another way of getting in the game, I'd probably go
primary small amount of money. You can even split it with them going
50/50. -Yeah. -And actually have a joint ownership on the house. Does that
make sense? -Yeah. -So, that one doesn't require bumping up in summer a
full-time even if you are doing that anyway. This is something that you have
to wait for. This is something you can do immediately. Like there's no stopping me
from that. -Yeah. -The third option that we have here is I
have a program all about lease options. What I do is I actually show people how
to purchase homes without banks. It's a form of seller financing. One of these
game plans that I'm sharing with you right now, they're actually built on
working around the bank's rules. At some point, you just say, "Screw it. I don't
wanna play with the bank's rules anymore. I actually want to invent my own rules."
And I design an entire program showing people how to invent their own contracts.
They're fully legal and legitimate and then you can use for actually
transacting real estate. So, lease options would be literally, I'll just give you an
example. It would be finding a landlord that is renting a house that doesn't
want to be a landlord. Many landlords are accidental landlords. Meaning, I inherited
this house or it's my brothers problem and I'm just trying to help them out
with it. Or I thought I wanted to be in real estate but then when I started
landlording, I decided I hated it. And so, you get a lot of people that are
"Dont-wanters". -Mm-hmm. -And so, I basically teach you how to find the
dont-wanters and be their solution. -So cool. -Listen,
I'll take over the home. I'll assume it. And I'll be responsible. Now, what they don't
know is instead of being a landlord, they hate it. You say, "I got it." -I'm not
asking you to be a landlord. You're actually going to find a family to put in
the home that will take care of it. And it's like a landlord list
version of renting. But they pay a premium on rent which means a higher
cash flow so there's something for the original buyer. And there's something in
the middle for you. It's called a sandwich lease. What's cool about this
one is that this game of real estate to get involved, you can literally do
anywhere from no money down deals up to some deals that take maybe like 5
grand. But from zero to five grand, that's really the financial commitment that it
takes to actually learn and how to leverage that system. This takes some
hustle. This isn't really a hustle system. This isn't a hustle system. This
is a little side hustle. This could be like, "Hey, I'm going to spend 5-6 hours
a week coming through watching the market and finding the things that meet
the requirements that Kris says. I'll look into them and I
the house said I'm going to do. -Cool. -So I've done a lot of houses like this --take
no money no credit or very little money. live very little credit.
Actually in this situation, these ones don't require any credit at all. Because
someone else, the mortgage is staying in their name. They're the bank. -Yeah. -They're
not making you qualify the way a bank would. That make sense? -Mmm. -That make
sense you, Dallin? -Yeah. Make sense for sure. -That's a third option. And today, I have a
fourth option for you. -Great. -I'm almost happy if I can have at
least 4 options. I'll give you a horrible fifth option. I'll blow it. I
won't even write it up because I hate it. But it's called wait-till-you-graduate. And
then you can get a job and jumping in a real estate will be easy. -Yeah. -I don't
like that option because I hate it. -I don't like it either. -I'm not even going to
write it down. -Yeah. -So, this fourth option right here, Dallin,
this is what I call partnering. I've got a program right now that's called
maverick. -Mm-hmm. -And the way the Maverick program works is I basically say, "Hey, as
you're out there in the game with money and wealth and finance, if you meet
people that like what I do, like my channel, like my 4,000 on track record
and want to partner with me. Because you sent them my way, I'm doing
this as a way to get you in the game. I'll take my ownership you can cut it in
half and I'll split it equally with you." For the referral, you don't have to put
any money in. You don't have to put any credit in. You're actually buying real
estate. -Wow. -It's a new development. I put that together because I've just had all
these wonderful YouTube friends clamoring over and over and over again.
"Kris, help me, help me." I'm like, "Geez! I can't make it any easier than that." So,
that's why I launched that one. Partnering, it could be even as something
as simple as going to a parent. "Hey, I've got a passion. I'm going as a county
degree. My mind is wired this way. I've been going to these events and learning.
And I really feel like we can do something here together." And you show
them the track record and you say, "Come in with me. I'll let's put up the money and
let's do this." -Yeah. Now, they're bringing the money in the credit. And you're
bringing some of the side work. I bought 25 homes on those in college. -Yeah. -I'm
telling you, you can do your masters in accounting program and have this side
hustle going. It's totally flexible. No one's telling you when to work it. And
the realities that didn't take a whole lot of work. As far as time is concerned,
that make sense? -Mm-hmm. -Absolutely. Really, we've got 4 options. One is wait for
summer and actually leverage what you got when you go full-time. Another one
says cosign and actually just get in the game now. Another one says to learn how
to do the options that don't involve banks. And so that I can just invest on
my own terms. And then the last one is also very much along those lines,
who are the people I know or don't know yet that could be resources that if we
teamed up, I'll put in some of the sweat, they put in the money and together we
can make deals happen. -Yeah. -That make sense? -Mmm. Absolutely. -My whole goal,
Dallin and for you listening is always the same. How do we help you get a home?
If you get one and it works, you can turn into 2. -Absolutely. -You got
strong ROI 2 becomes 4, 4 to 8. 8 becomes a million bucks. This is fun for me
because you don't really have really a job right now and you're focusing just
on that but you have this passion for real estate. Any of these options would
be I think a great outlet to being able to release that creativity, the passion
and getting the game and start building wealth. -Yeah. -What are your
thoughts on these? -I think for me I'd like the third and fourth option. -Awesome.
-Tells me a lot. Dude, I like that. That's awesome. Well, listen. We'll
get you some more information on that. We're going to go deeper on that. -Awesome.
For those of you that are sitting here thinking, "Man, I wonder what my game plan
would be. I've created thousands of game plans. They're all unique. They're all
different. And there's a link below where you can access one of my 12 trained
staff that will hop on the phone and actually just give you a free
complimentary game plan." We do it because we believe that knowledge is power. And
most people walk away from that saying, "I didn't know that I could do that." Or you
expose some options. Did we expose some options today that you didn't know we're
available? -Absolutely. -And right there, if you can act on that, you'll look back and
say, "Wow! Figuring that information not really made the difference." And
that's why we make that available to everybody.
-Awesome. So, Dallin, congratulations brother. Thank you. So, excited for you.
The rest you make sure that you are a subscriber. And please smash the like
button. Tells YouTube to share this with other people. Otherwise, we look forward
to seeing you on tomorrow's video.