Thanks for joining us here in Brighton Mexico today. I'm Kris Krohn with
Limitless wealth TV and today, I've got the boss joining us. - Hi, I'm Kalenn. - My wife and today
we got a special message for you today about the real reasons for doing real
estate.
Hey, friends. So a little bit of a special treat here today. I've got my incredible
wife, Kalenn, with me. - Hey, guys. - and I know that we don't really see her from time
to time on these videos but she's obviously the super super special person
in my life, we're actually celebrating how many years of marriage? 16. 16 years of
marriage and we're out here in Mexico, we've just been out here
hanging out with some friends. I thought we'd shoot a few videos but
yesterday, enjoyed just a really magical Valentine's Day and what we want to
do is shoot a little video for you today and really talk about the real reason
for real estate. You know, everyone has a different motive for why they do real
estate and I thought today we've just talked a little bit about ours and you
know for me, real estate just comes down to the fact that as a man in this world
and and having a family and four amazing children, I've got some responsibilities
and I want to find the best way to meet those responsibilities and a lot of
people might say well "Kris, you're going to meet those responsibilities by having a
secure job." And you know there's a lot of people out there in the world today that
and it's the way that we're really trained, right? It's like go to college,
get a degree, have a job and you know, I found that actually having a job was
getting in the way of my responsibilities. Just personally here
meaning, I wanted more flexibility of when I was going to spend time with my
family, I wanted more flexibility to travel the way that I wanted to travel,
I wanted flexibility to put my family and I in a home that was a little bigger
than that first tiny little thing that we bought, right? And I wanted to meet
those responsibilities and I wanted to do it well. We're young still but
when we were even younger then, I didn't want to have to take 20 years to save up
money for a modest house, I didn't want to have to ultimately, I
really didn't want to wait, I wanted to figure out how I can create that sooner
and so we ended up delaying a lot of gratification for what we wanted to go
into real estate and then within a few short years, real estate blessed us with
incredible abundance so we're going to talk about responsibilities today, we're going to
talk about dreams and just want to kind of ask you, Kalenn, what was it like just at
the start of our journey knowing that I have this opinion that it would be a
more responsible route to not have a 9 to 5
job and to want to get out of that through real estate, what was it like for
you choosing into that, was is supportive or
hard for you in the beginning to make that happen?- Well the year we bought our
first house, I think that was 2003. I was 21 and
we'd only been married a little while and I was absolutely terrified. I'm so
scared. I was scared what my parents would think. - I've taken
responsibility to terrify my wife. - Aren't you supposed to buy your first house when
you're like 30, 28? So yeah, I was totally scared because I knew nothing about real
estate and I just saw you know, big numbers as far as you know when I heard
about mortgages and things like that and you know that very first house, we bought
it. You know, we had what little
savings we had that managed to buy it and then you know, it was a teeny little
mortgage, it was like $500 a month? - That's after that we financed,
it was originally $800.- Yeah went down to five and then you know, that was about
what a crappy apartment was and then you know, we rented out the basement
and all of a sudden like we didn't have a mortgage and I was like, okay, that's
cool. - So you had to wait till you saw it so you were terrified until
you saw some evidence or proof that alright, this thing's working out. - Exactly,
exactly and then I'm like, can we do that again? Remember when I said that?
Well that was like that was
like a cool moment okay because Kalenn was totally just following this
crazy guy that she had married like man, hope this thing is going to work out but
after it did, I remember when I was contemplating getting the next house and
it was about a year later and I remember what like the real reason why I actually
found a house later that day it was so amazing was because you said "Can we do
it again?" and I don't know if I remember why you said that but you were
actually working on using all the money that we were saving, I'm paying
done at credit cards and we were having a financial meeting and
basically we were going into debt and then just even with this first house, we
started climbing out of consumer debt with our credit cards and I remember
that we were how that financial meeting and it was after
you looked at how, you were just writing another check and almost eliminating the
credit card debt that you're like it, just clicked for you, this house helped
us get ahead and wonder what to do and then she said that comment "Can we do it
again?" I'm like, oh my gosh, I am ready to go like I now have the support of my
wife, not the faith of my wife. - I saw that with each house you had the potential
of getting ahead several hundred dollars every month through rental income and
then I was still really learning about what equity was and you know, I wasn't
counting on equity all at once because you know, usually you have to wait to
either refinance or sell the house to really get a bunch of it back but even
just having that few extra hundred dollars a month really really chipped
away at some of our bills to where so much less how to go out. - Without sounding,
I hope this doesn't sound right as to label or stereotype men and women but
it's interesting thing that often, women are more attached for that
show me the real money coming in and often like for me, I was like, you care
about the three hundred dollars a month on this house, I care about the forty
thousand dollars of equity that when we sell this thing, we're going to get a big
pile of money but that's not real, that's tomorrow, right? That's something
that you can maybe leverage for some future better. - It could be 3, 4 or 5 years down the
road but I wonted to know, you know can we get something every month? You know cause
grocery, rents and things like that. - So what was it like for you when
we had gotten to the point where, well we then we started investing with your
father and then we started buying a lot more homes, did that make you nervous at
all? - Once we got the boat rolling, I was just like honey, you have at it like just
go, this apparently is play for you and yeah and you're having fun and I'm
seeing you, I'm seeing good stuff going on so you know, it took me a little while
but eventually I realized that this was your passion, this is something you were
good at yeah and and now you know, how many years, we're talking fifteen years
later practically. I love that you are sharing all your knowledge with
everybody. I wish someone had been there at the very beginning to
give us what you're giving you guys. I really really wish like that would have been
so much easier because you know, we had definitely had help along the way
and we had mentors along the way but what you're sharing with these people
makes it so much easier to get started. - YouTube friends, we do love you. So Kalenn, I want to ask you
another one these questions. As you take a look at you know the day that actually
quit my job. Were you nervous? - I was okay. - Why? - Because you didn't need it anymore.
You were ready. You
were ready, we had enough income coming in from real estate every month that
seeing you just at that job you know, working to get your real estate deals
happening on your breaks and at lunch time and you know, you were stressed, you
were stressed that you had to kind of choose between actually doing the job
and then doing what you really wanted to do yeah so it was just like a freedom, it
was like a release when you just finally like, I'm done and I'm like just go do it.
Go do it. He asked me to throw him a party so I did. - I did. I said, throw me a retirement
party so it was a celebration day. It was, it was a really cool thing and it took
me four and a half years to be able to retire and now we've got people that
we're helping produce income through wealth a lot faster obviously than we
did it. That's actually one of the coolest things today is helping people
financially get where they want to go way faster than we even did, that
actually brings tremendous joy because you know, that's one part of it is that
hey, we have obligations to meet and real estate did that for us and now we're
helping you do that, we're helping people do that and on an accelerated fashion
but I want to talk about dreams too. How do you see you know, how many countries
have we been able to travel to in the world do you think now? - Oh well, I know
why you're asking that, the other day I counted them,
it was 28 and you know I've got a goal in my life to
travel to at least a hundred countries because I just I want to see the world, I
want to experience it, I want to meet the people from everywhere..
- It's interesting that when a dream, when you haven't started
seeing any of it come true, it's called a dream but once it starts happening, you
start calling it a goal and so this dream, this goal of visiting 100 places
is I think for us is, we'd love to travel, what do you read up my travel it's as
traveling is like such a, there's something so edifying and connected
about it and it's just a different way to learn about the world and think about
what your drill what your dreams are, think about the things that you want to
create and you know for us, it's created ultimately you could call it financial
freedom or financial independence or you know the ability to meet all of our
obligations and responsibilities with an abundance but on the flip side, we really
actually see our dreams come true. One of my big dreams that really motivates me
right now is philanthropy, there's a lot of giving back even if you've been to
our website, a lot of the courses that I think people used to pay three thousand
dollars for you can get for a whole lot less and we've spent subsidizing that
and even when people say, okay, Kris, I want to join your investors community
but you know, I'll even pay out off my pocket to pay my paid trainers to work with you
and train you to really help as many people as possible and so you know real
estate is often this capitalistic thing where it's like, oh it's this
money thing, it's all for me but you know the reality is is that when you do real
estate investing, it's for a whole lot more people and it also has the ability
to produce an abundance of wealth beyond your own needs so that you can do some
giving back. We've been in part this last year-and-a-half of some amazing projects
that we've been able to help people on the other side of the world and help
people in our backyard and real estate's made that possible. - Yeah, that's my
favorite part of real estate is once you've got your own family's needs
covered, you can do so much more, you can do so much more with your life, you can
actually work on what your dreams are you know, beyond just taking care of your
family and making sure your kids can pay for piano lessons you know. For me, it's
you know last year we got to take all of our children to Kenya and we got to do
all of these projects for these people out there and my kids that are really
young got to see it. - They got to play at the orphanage when we're building the orphanage.
- They played with the orphans, they made those connections with people on the
other side, they helped to dig this water purification project and haul
rocks and play with the kids at the same time and
it was priceless to see that happen, absolutely priceless and wherever we go
and wherever we take people, because we take people on these group outings all
around the world, we always put in a service project wherever we go and that
connection with the people that live there is what stays in my heart more
than nice hotels or more than nice beaches, it's meeting the people around
the world and being able to be a part of of uplifting them and making
their lives better because in turn it makes our lives better. - Yeah, and
you're part of the amazing people that we love and I think today we wanted to
shoot this video just to let you know that hey we spent a lot of time getting
really technical, right. We can jump into the technicalities all these videos
about the how to's and do it yourself and how you make this happen and the
reality is don't forget why you're doing it and when you have a why that moves you,
when you have a why inside that really pushes you then you're going to make
real estate happen. You know, unfortunately, there's a lot of people
that have the dream of real estate investing but they don't pay the
necessary price to actually make it come real, they allow themselves to get bogged
down by their job or the lack of money. Listen, we didn't start with money, we
didn't start with credit, we didn't have the tools and resources, we needed a fork
money out even when we didn't have it to try to find a way and we think that
we've made that a lot easier on people these days by putting all these
resources together now and so I think today's videos just remember that hey, if
you think contemplating real estate as a career, if you've
contemplated as an alternative career, if you've looked at it as a way to meet
your obligations and responsibilities, take care of family and love and life, if
you've thought about it as a way to meet your dreams, I can tell you that real
estate has done things for us that no career from any college degree will ever
provide. For people that get their satisfaction that way, that's perfect. For
those of you that want to live life bigger or more full or at least be able
to create more you know, for me, it's get more to give more and it's
what God is giving and it's like this getting kick is like my favorite part of
my life right now which is like let's help as many people as we possibly can,
that's why you've probably been to the website and seen that hey, if you want to
come out and get life with me for three days or four days at one of my live events
then I'll even give you my partner profits course, $3,000 course for free,
you don't have to pay for it and it's just finding different ways to
connect and to meet and to help as many people as possible. So Kalenn, you have any
final advice for anyone that's contemplating real estate as a real
full-time career? - I think you'll only get great benefits from it because you know
a lot of it works for you and then you can actually work on what really drives
you. - And what about the risk? Because there's risk in investing. What happens
you know, we've had projects when real estate says oh wow, do this unexpected
remodel on this house like.. - Of course there's risk and there's ways to
mitigate that risk, there's ways to minimize it and you know put
different securities in place so that you can plan for those when you plan for
those unexpected things and you know, you can work through them and you
could handle them but what's the risk of just having a JOB and working for a
boss the rest of your life at a minimum wage or a very you know, just moderate
rate wage, are you are you going to get where you want to go at the end of
your life?- I would also say for those of you that are in good paying
jobs and you're doing quite well and your degree is serving you faithfully
and in life is financially moving in a good direction but you still might be
wondering wow, you know even on this great path or even an accelerated path,
will it still be everything that you need and want will it allow you to do
all the giving that you really want and real estate is really just a beautiful
way to augment that and to get where you want to go faster so whether it's your
dedicated path like, it's been for us to just race to the finish line and far
beyond or whether it's actually I like the pace of my life I love my path, I
like what I'm doing but I need to be even wiser with the way
that I'm building my wealth that I can have a real estate building in the
background, there's options here for all of that when you come and play with
us. - Yeah one day I realized that there really was no way to have just a typical
salary and be able to do what you really want to do with your life and be able to retire
for 20-30 years without investing in something and this is a beautiful way to
invest in something real, tangible that keeps its worth or grows it, usually,
always appreciating in value and having a way to do it that minimizes the risk
as best you can with planning for unexpected things. I think it's really
the best way. - Yeah, Kalenn, thanks for being on today. I think
ultimately this whole real estate journey has been about investing in us.
Real estate might be what we do but - He's a good guy.
- Who it's allowed us to become and the opportunity that it's afforded
us you know causes me to look back and just think, wow, either we got really
lucky or we were fortunate at a very young age to figure something out
but there's no reason why everyone can't have that as well so if it resonates
with you, come and play with us. Thanks for being on her video today. Thank you
so much for joining us and watching this video today. You can click the link and
see you know, some more options of how we can play together but I think ultimately
I would wrap it up by simply saying that if you do invest in real estate, there's
risk, there is risk that you're going to have some unexpected expenses and
sometimes those expenses are going to be bigger than you want them to be. - And if
you don't do real estate, you might not achieve your dreams so
I think you should do it. - So come and play, come one way or the other, find the way that you're
going to jump in there and make real estate happen today.