Alright my young friend. Today, I'm doing this video on how to invest in
real estate when you're in college. And I can't think of anyone better to learn
from them the guy that actually retired the same year that he graduated college.
So today, I'm going to be sharing with you my top 2 favorite ways of buying
real estate when you're a college kid.
Does it feel familiar? Like sitting down on the couch and talking to your
counselor who's basically talking to you about your career options. And meanwhile,
you're distracted because you're on your phone
watching Kris Krohn teach you how to make money in real estate when you're in
college. Thinking, "Maybe that's the better career." It absolutely was for me. I want
to actually show you how you can both be in college work towards a degree and
maybe that career. But I'm going to call that a backup option. In the meantime, do
something in the background called real estate investing because here was my
ultimate goal. When I graduated college, I basically said, "Alright, I have a degree
that is worthless. My next degree would be an MBA. A master's in business." And I
said, "I want to give myself a year out of college before I go back to college for
my MBA." And here's my criteria, I want to make a hundred thousand dollars a year. I
want to drive the BMW of my dreams. And if I have those 2 things, I am NOT
going back to college for an MBA. And I'm going to tell you I did not go back to
college for an MBA. A few years ago, I did receive an honorary MBA for the wealth
that I'd created and the people that I had helped and some of the public
service. So I guess in the end, I got my MBA. You know what it stands for, right?
Massive Bank Account. So, I'm going to show you today how to get your massive bank
account, your MBA while you are in college. And I'm going to share with you my
2 favorite strategies because here's what I'm assuming, right? You're college kid.
You're young. People are telling you that you're too young to actually invest in
real estate. People are telling you that, "Hey, this isn't your time to actually
focus on career, have a job." You're just out there wishing that you could go
faster in life. Am I right? Because that's the way I felt. I'm like, "Is
this College a waste of time? All this debt, I'm going into will this get me
where I want to go?" For some of your friends, yes. But if you're watching this
video, not very likely. You want to be out there doing the dance of real estate
because of you can make great money, you can be in charge of your own destiny, you
can live life on your terms. It's awesome. So there are 2 strategies for college
kids. Because I'm assuming you're poor. I'm assuming that you're going into debt
for a degree, I'm assuming you don't have any money to work with. That's probably...
So, at least that that's what was true for me. I'm going top give you the 2
strategies I would do. The first one, the second one. Here's the first strategy,
the first strategy... This is my college hack. And this hack is all about
how to fool the banking system and wanting to give you a loan. And so, what I
mean by that is if you're in college, if you can get a job working part-time, do
it to help keep you out of debt. Do it for a different reason altogether. I want
you to do it because I'm trying to get you a 2-year work history.
You mean college for a few years, right? A 2-year work history. I don't care how
sucky the job is. Don't change. Keep it in the same industry. Whatever it is. If it's
in the service industry, the retail industry, the telemarketing industry. I
want you to get a two-year work history with this job. And it's totally okay if
your part-time the entire time. You can't have a slip like a gap in your
employment. And so, even if you don't like the job, keep it. Or get a very similar
job because once you have 2 years of that, boom! Here comes summer. And come
summer, you can ramp up to full-time work. The bank's want to see a 2-year work
history. But they don't care if it's part-time as long as when you actually
apply for a loan. It's actually full-time. I've actually never done a video and
share of this hack. And I'm telling you, it's a good one.
What are you doing with your part-time money in the meantime? Don't use it to
stay out of debt, don't use it to pay off debt. I want you to use that money to
actually save up a 3% down payment. Because if you're in a college
town and the homes let's say are for sale for 150,000
maybe they're worth 200,000. You can get a good deal on one. 3%
on a $150,000 is 450,000
bucks. Okay, do you understand what I'm laying
out for you right, now? This is the least amount of money you can get into real
estate with when you're actually doing some type of conventional loan. So this
first tax says, "Get a part-time job. Stay in that industry for a couple of years."
In the summertime, go full-time, have saved up a little bit of money and boom,
you can actually buy a home. The first home I did like that, if you move into a
house and you actually rent it out to roommates,
They'll cover probably the entire mortgage and you will be living for free. Plus if
you negotiate a house with a pile of equity, boom! You just did something so
incredibly financially smart. That is one way of doing it.
The second hack that I want to give for you is what's called seller financing.
What's great about this hack is again, you really need very little or no money
whatsoever. There are people out there that are landlords and renting a home
and you know what they're saying, "I'm sick and tired of this and I don't want
to deal with freaking renters anymore and I want out." So, what happens? You come
along and say, "Hey, I want to rent your place but I want to rent it for 5
years, for 7 years. And then I want to buy it from you.
And I'll take care of all the repairs. You don't have to worry
about anything. I'll take that burden off your shoulders." And you know what they're
probably thinking? "Oh man, this is awesome. If this kid can reliably make their
payments cover all the repairs that I don't have to do anymore, I don't get
broken toilet. Phone calls middle of the night." They're going to be excited about it. They
may take you on. And all of a sudden they're going to say, "Okay, I want first
month's rent." I want your deposit. They might want you
know, $1,000, $3,000. Small amount of money. When we got that part-time job or maybe
even get that money from mom or dad or credit card or whatever. You give them
that money and now all the sudden, you just walked into a house without going
through a bank. You got into a house without needing 20% down payment. Now if
you do it, you need to make sure that you get a good deal on the house and you got
to make sure that you have a low payment. Because here's what you're going to do.
You're then going to stack 4 students in there and rent it out to them or
you're going to put a family in there using my Lease Option system. They're going to
give you 5 grand down upfront on average. Get all your money back. They're
going to be making payments to $300 higher than normal rent. Cash flow to you. And
you've negotiated equity in this house. And you needed hardly anything to do it
except for a mentor with Rockstar training. So my friends, if you are in
college and you're trying to figure out how do I actually get into real estate,
hack number 1, 2-year part-time. Hack number 2, seller financing. And if
you're saying, "But Kris, I don't know how to do this." No worries, I got you covered.
All you got to do is click the link in the description below.
Talked to a member of my team and say, "I watch Chris's video. I'm a college kid, I
know Kris made, you know over a million dollars
when he was in college. I want to get on the same path. Can you help me do that?"
And they'll explain my lease option system. They'll talk about how you can
use it to basically make a lot of money on deals even if you need help
getting into a house without credit and without money.
So my friends, they're your hacks for today on how to crush it. Make sure that
you subscribe to this channel if you want daily videos on how to create
wealth. We will change this mindset to teach you how to be a beast of a
financial producer, a Rainmaker. Someone that knows how to control their own
financial destiny. And for those of you that are aggressive enough to say, "I want
it now." Click the link in the description, talk
to my team and get your real education. Not the college one. I'm talking about
the little one on the side that is the more important one that will teach you
the life skills for living the life of your dreams.