Hey, what's up? Kris Krohn here and today I want to talk to you about my very
first property I bought at the age of 22. I've gone on to do hundreds of
properties, thousands and today, I want to just kind of share with you how it all
started and what was a young 22 year old thinking. I'm challenging you. If you're
younger to do it sooner than me. And if you haven't done it yet, make it happen.
I'm sitting on the steps of this tiny little bungalow property. My realtor had
brought by like this amazing epic pizza from the famous pizzeria and my wife
were sitting around the steps and it was a surreal moment run. I'm eating this
pizza and I have hardly any appetite because I just finished buying my very
first home. Powered me felt like an adult, part of me felt scared,
part of me felt really accomplished. What I didn't know in that moment on those
dirty steps taken possession that property, was that years later, I'd sell
it makes $65,000. Along the way, I ran out that basement
and I'd live for free and ultimately it would be the start of something that
would change everything in my future. You see when you buy your very first house,
you're either buying a home or a house and you need to know which. Most people
they're buying a home. They're buying a place that they can live in. They're
buying a place that they'll say, "Hey, this is my abode." This is where my family is
going to get raised or this is where I'm going to hunker down. This is where I'm going to
lay down some roots. But not for me. I didn't buy a home. I bought a house. My buddy
bought a home on the hill. Beautiful. We have the same income. I bought an
investment property that's what I mean by house. There was a plan behind it. The
plan was for this thing to launch an entirely different financial future for
myself. So how did I get there? Dude, if I rewind it back up, I was a college kid,
totally lost, I couldn't do what I was going to college for. I was getting
pressure from my in-laws that I was going to get to sell it if I didn't get a
degree. I was talking to my counselor, talking about my psychology degree or
an education degree or something else. Nothing felt right and I felt lost in
this world. Twenty-two-year-old feeling lost, I don't
know if any of you can relate to that feeling but I didn't know exactly what I
wanted to be. What but and what ended up happening was I
found a mentor that put me on a path. That might happen for one of you right
now. You see my mentor I've made over $10 million in real estate. And I'm
like, "Okay dude, show me what do I need to do?" And he said, "Well Kris, right now
you've barely worked a year at this job. Less than a year, 10 months of history.
You need a two-year history and you got to get some money in savings so you can
do a down payment and you got to build your credit. And he sat down with me and
he told me these 3 things. Number 1 2 your work history same job. Number 2,
he said save up $5,000 because if you buy a small home, that'll cover a 3%
down payment and number 3, he said, "Kris, you got one credit card you
need to get 2 more so that you can show people that you are responsible
with using and paying off and using and paying off your credit." I did that for 14
months. Now tell you what, 14 months later, I was driving around. I barely hit the
mark where like the banks would barely go with me and it was weird. It was
almost like it was faded. I don't know if you've ever felt that way where you felt
like some invisible hand playing a role in your life but I strive at home and I
just felt like I need to drive home a different way. So it took this weird long
way around through these streets. I would have never driven just because I felt like
it and it was in May and the Sun was out and it was blue sky and it was snowing
sideways. Super bizarre weather but something that can happen on you too on
a rare occasion. And right as the snow started hitting my windshield,
I passed a house so there was a for sale by owner sign and I just had this
feeling, "This is it." I've u- turn my car around. I parked and I studied the house
which was a tiny little brick Rambler and I studied the sign and the sign said
you know for sale by owner. So I was terrified.
I have barely little training. I didn't know what I was doing but I got out of my car
and I flipped up the back of my hatchback of my old 1992 Honda Accord or
wasn't even quarter was a Civic it was red with a little spoiler and I pulled
it up and I put and I fished through my things and I found a patent paper and I
remember walking up to the doors of this house. I could still feel like it was
yesterday man. It was like my stomach was a nuts, silly butterflies. I was
terrified. And I was like "Just fake it. You just fake it. You just fake it. Just
pretend you're calm." But dude, I was a young kid and I seriously flat guy like I'm 14
years old. I knocked on the door, this grouchy woman came to the room only open
to the crack. She's like, "What do you want?" And I could immediately smell smoke
coming in and it was just didn't smell good in there. But I was determined.
Something inside said, "Leap, this is it." So I noticed on the sign she had listed the
house for a 110,000. I didn't even know what it was worth like
I remember saying, "I'd like to buy your house." So I started negotiating the deal
and I remember, I'm like, a"Aright, well can i buy the house for a $110,000
and she barked back, "A 110... I don't like..." And like I'm
laughing at myself. I had no agent. I had no representation like I've even seen
the house I was making offers like that's how dumb and naive I was. I just
knew that I needed this thing. Anyway, funny story is she didn't want to
negotiate at all. She lets me in. I start walking around. The place is a nightmare.
It smells it hasn't been updated for 40 years. They have two big dogs in the
house, poop in the corner. I kid you not and yet, just something said, "This is it"
So I got the information on it and went back to my mentor and I said, "Alright,
here's the house." Crunch the numbers looks like the house fixed up would be
worth over a 150 grand. So I get it under contract with this woman.
I go to the bank and the bank turns me down. I'm like, "Wait a second. I've done my
homework. I got my credit. I got this." He said, Kris, chill out man, you've never
done this before and you're at barely able to do this." What does the second bank,
they shut me down. At this point, I'm like I'm going to lose my earnest money. I'm
going to lose the deal. But on the third bank, they barely squeaked me through and
the moment I sat down that table to sign, I was terrified, I was nervous and was
scared. I was such a skeptic, is so odd now when I look at myself today. But I
did buy that house and my wife and I, we had a $3,000, $2,700
tax return I think. From from taxes and we took that and we went
to Cancun which I don't even know why we did that.
But I said we're going to travel and make that a habit. So we bought the house, we
went to Cancun, came back a week later and then. then started the adventure. We
fixed up this little crap hole. We lived in it for 2 years, we made it our home,
we made it beautiful and you know being that young and actually getting that
advice at 22 buying that house then 14 months later that started everything.
What really made it work, was not what I knew. It wasn't courses I had taken. It
was the help of having a mentor for sure and then it was the courage to act. It
was a good deal and then I acted. I can't say how many people don't take action
when the time is right and you reset your life and you set things back in
such a negative way when you do that. So that's the story of me guys buying my
very first house and I want to tell you something right now.
If you want to make a million dollars in real estate, you just kind of start with
a deal and you're going to be at like max scaredness but what you need is a
mentor. You need someone that's got your back and you need some looking that can
check your work. And right now if you don't have a mentor, I'm letting you know
that that's the role that I play for several people. All you got to do is
click the link in the description below. I'm going to give you some information. Get
a copy of my book for free. Get with my team, they'll explain how it all works.
And for those of you that we're starting with nothing like me, I created this for
you and it's in service of helping you get where you want to go in your life
because you deserve it. You got this one life man. Live it epic, live it huge
because that first house that could change everything for you if you do it
the right way. Thanks for watching. Listen, if you're not a subscriber, become a
screwdriver right now, ring that bell. Tomorrow, I've got more videos coming
your way designed to help you achieve not just financial freedom but time
free dom, emotional freedom. Frankly, having it all and living the life of your
dreams. You deserve it .You got this one life, live limitless.