How do you find a cheap property for sale? how do you find a property that's
such a good deal that has so much profit in there that you know it's going to be an
absolute win? My name is Kris Krohn. If you're a subscriber to this channel then
you know that this channel is in service of helping you become financially free.
In fact, I became financially independent at the age of 26. And today, I want to
share with you the simplest tack for how to find an amazing cheap property with
loads of profit, check it out.
In a moment, I'm going to be bringing my buddy Burton on. Because, he's going to share
with you how to use a very simple free technology for finding incredible deals
in your area. But before I do, I want to help you understand what it means to
find a good deal. It goes back to this idea of equity. And what is equity? You
see, if I find a property; And let's say that that property has a value of
$100,000. And if I buy it for $100,000. I better be getting a
killer cash flow. There better be great appreciation so that I can build a
profit. But for many of you when you're just getting started and you're doing
real estate in your backyard, the safest thing you can do is get a discount. And
that discount is what we call equity. So, let's just say for a moment that you
could actually purchase that property for 80,000. Right here. $80,000 of the
value. That means all of this that leftover $20,000, that is what is known
as equity. And here's the beautiful thing about finding a property with equity
like we're going to show you in just a second. Not only does your net worth go
up $20,000. But it means you have a smaller mortgage which means that your
cash flow also goes up. So, I want my cash flow to increase. And when my cash flow
increases, what happens to my risk? It goes down. Why? Because now this
property's maybe making me 300 or $400 a month cash flow as opposed to 2 or $300
a month cash flow. My net worth increases, I've got the cash flow, my risk goes down.
Does that not feel like a win? Now, here's the cool thing. If you really hang on my
channel, I'm going to share with you that to not rent this property if it's in your
backyard but to do my special magical lease option system. This is where you
can move someone into this home. On top of it, on average, they're going to give you
$5,000 up front. They're going to give you higher cash flow than normal by
usually 1 or 2 hundred dollars. and when you go to sell this house in 2,
3, 4 or five years, there's tens of thousands of dollars that comes back to
you. Because of the appreciation growth passage of time and because of the net
worth that you bought it with. At the end of the day, here's what it means:
Go find a property and make tens, tens, tens, tens of thousands of dollars on it.
And then you have to ask. "How many of those do I need to do to become a
millionaire?" Well, if you use my system on average.
We're talking about 15 homes. If you really soup it up, we're talking about 10
homes. Man, you got 10 fingers, you got 10 toes. You can count to 10. If you can
count to 10, you can count to your next million bucks.
However, as good and is amazing all this sounds, it doesn't matter if you can't
freaking find one of these good deals. So, let's fix that right now. I'm bringing on
an expert that actually uses a software called PropStream. And PropStream is
what I recommend anyone that doesn't have a team in their back pocket to help
them find the very best deals. There's no better system on the planet. Because what
the software does is that actually pulls in the very best deals from discounted
equity and short sales and foreclosures. And distressed listings and vacant homes
with problems. And basically, if there's a home out there with equity, the system
knows it. It just needs you to sit down, pump in a couple of numbers and find it.
And today, we're just going to show you one
application of this software. It's how to isolate properties with already equity
in your backyard. What you're about to witness is absolutely game-changing. And
when the video is done, in the link below, you can actually get a 5-day free trial
of PropStream. And the company because they like Who I am and how big I've been
in real estate with having done nearly a billion dollars in real estate, that they
actually take their services and chop them off and make it available so that
everyone can afford it. It's the most powerful tool. So watch how in just the
next 3 minutes Burton is going to show you in your area literally how to find a
deal loaded with equity so that we can turn this dream into your reality. Burton,
to you man. -Hey, Kris. We're back. Again, thank you for allowing us to share some
more valuable information to your viewers. So without further delay, let's
just dive into it. Today guys I'm going to be showing you a
very popular filter. This one is in regards to our high equity category. The
high equity category, what that represents our properties that have 50%
or more in equity or up to 100,000 or more in equity. Now, here's
the trick. Someone with equity in their property is not just going to sell you
their property, right? But what we're gonna want to do is essentially create a
situation in which they would be willing to sell the property. And so this is a
search that most our investors are doing right now. To perform the search, again,
search an area. Go straight to filter and then here at the top, you're going to
choose whether you want an owner occupied or non owner occupied or both.
Once you've made your selection, go ahead and choose high equity as your category
for list type. And just like before, you're going to go ahead and choose the
property type that you like and characteristics that you want. So let's
say we want single-family build 1990 and after. We can also specify just like in
previous searches that we don't want them on the market right now. We're
trying to get to them before they decide to sell it with a broker. For those of
you that perhaps want them to be very distressed, again the idea is to build
the distressed high equity property. So, for those of you that want the highest
distress homeowners, you can choose for example pre-foreclosures. So now, we're
going through all the high equity properties that are currently in the pre
foreclosure status. Or if it's too competitive or you need more time than
the average 4 weeks or 6 weeks that a property and pre foreclosure has
before the auction, we can do other things that I can think of. For example,
maybe we're looking for an owner that's lived there for many many years. They
perhaps might be willing to now downgrade or looking into a retirement
plan. The other thing that we can do is for example pre-foreclosures are too
competitive or we need more time. We can create an early stage of distress like a
high equity property that has a tax lien, recorded against it with the minimum of
let's say 7,000 or more. Once you've made your criteria, they're going to
go ahead and hit apply and boom, we've... In this case, went from
154.... 100,000
recordings to 404 high equity
properties that currently have a tax lien of 5,000 or more attached
to their property. So, the idea here is we now would want to skip trace it or
perhaps make contact with these owner, talk to them about the scenario and
hopefully if we're hole seller or fix and flippers, we can get them to
negotiate a better price or a price that would be happy for both parties.
With that said, I hope you guys enjoy it. If you have any questions, make sure the
guys reach out to us here are their customer
support line. Back to you, Kris. -Hey, kid you not, right? Like I said, it was
simple. I said it was easy. How dumb is that? This company paid millions of
dollars to take all this public and private information, squish it into a
system so it doesn't matter where you live. You can sit down on your couch, you
could do the same thing. So, here's what you need to do right now. In the
description, there's a link. When you click the link, there's going to be a free
trial. You're going to sign up for your free trial and then rewatch this video. And
copy during those 3 minutes exactly what Burton did. And then it's going to pull up a
list of deals in your area. And guess what? We just helped you, ninja get out
there and make wealth real by making real estate happen today, this moment as
in right now. Hey, thank you so much for watching. Listen, if you enjoyed this and
you want to keep getting cutting-edge results on how you can beast it in
wealth finance business and real estate and emotional fitness, you'll find it all
right here on the Kris Krohn channel. All you got to do is subscribe, ring that
bell and tomorrow we got another video coming your way.