How did I buy enough homes while I was in college to become ultimately
financially free and quit my job? More importantly how can you do the same?
Today, I'm interviewing a young 20-year old named Cayden who is in almost
identical circumstances that me. And he wants to get a private game plan and
he's saying, "Kris, how do I do exactly what you did when you were in college
but maybe even faster?" Today, I'm going to interview him and I'm going to give him a
private custom game plan and show him exactly how to do it. By the way, stay
tuned. At the end of the video, i'm going to show with you how you can get your own
private custom game plan as well. So that you can have revealed what you need to
do to make your next million dollars.
So, I am back with Cayden. And Cayden, dude. So, glad they have you here brother. -Yeah.
-Guys. So, Cayden finds himself in a very similar situation at the start of his
adult life kind of like I did. Go into college working barely full-time at a
job and basically having barely enough money to kind of pay the bills and kind
of keep head so you don't have to go into student debt just like I did. -Mm-hmm.
-And you've come on today with a question for me. -Yeah. -What is it? -Basically how do
I do exactly what you did with knowing what you know now. -How do we how do you
do exactly what I did but knowing especially what I know now. -Yeah. Right. -So,
let's see if we can even top it and give you an accelerated version. -Okay. -It's
okay? -I'm down. -Now, you're young. You're 20 years old.
-Mm-hmm. -20 years old college and ultimately just trying to figure out "How
do I financially get this thing?" -Yeah. -What are you studying in school?
-I'm just doing generous. Don't even know where that said it either. -Awesome.
Perfect, great. So basically, I knew that I was going to be wealthy through real
estate. So, I didn't really care a whole lot when I was just going to college either.
-Hmm. -So, let's play. Let's have some fun. -Okay.
-Let me find out just a couple of quick facts about you. Then what I'm going to do
is I'm going to put myself in your shoes and say, "If I woke up today as Cayden, what
would I do to become financially free as quickly as possible?" -Okay. -Deal?
-Yeah. -Alright. Awesome. Okay. So, for starters, you have a job? -Correct. -So, you
going to school full-time and working full-time? -Yeah. -And what do you do for
work? -I dispatch on alarms. -Okay. So, you've got some type of alarms security type
job. And how much a year do you think you're making doing that? -Around
22,000. -Okay. $22,000 a year. Good college job, right? -Yeah. Decent. -And it's been
enough to stand a debt? -Yeah. -So, you don't have any debt? -No college debt. -You're in
your second year college? -Yep. -Perfect. I get where you're at man. Outside of that,
how's your credit? Have you started building it? -Yeah. I have one credit card
then I'm on auto loan. Okay, good. I'm going to recommend right now you get a
second credit card. And there's going to be funny. It's going to.. Literally, this is like..
I'm going to carbon copy give you the same game plan that I had. -Okay. -Just sup it
up a little bit. -Deal. -Cool. So, right now your credit is good. And there's a couple
things we needed to do there. So, ultimately though alarms, you've been at
that job for how long? -14 months. -14 months. Alright. I've got a
game plan for you. Ready? -Yeah. Let's do it. Okay. Dude, let's make it happen. So, check
it out. Right now, some of you might be watching this being like, "Dude. Kris, how
can you create a game plan? He doesn't have savings. He doesn't have
401k. He doesn't have IRA. He doesn't own real estate. He got nothing!" This is not
exactly true. He is actually a lot more going for him and that's what I want to
review right here. So, here's what the game plan is looking like: Option number
1 is we want to find out how to get you into a primary residence. Now, a
primary residence is not an investment per se... Yet. It's a property that you're
buying for you to live in versus an investment property. -Okay. -You see an
investment property, you got to put 20% down. And if we're talking about a
$200,000 home, that's like 40 grand. It's a lot of money. But if you're buying kind
of an entry-level primary residence... You're not married, right? -No. So, check
this out. Primary residence, you get to you get to actually get away with
putting 3% down. So, what are homes in your area like? What city are you in?
-Ogden. -So, you're going to be in the 120, 140, 180 range? -Yeah. -Okay. So,
let's just say that you bought a house for $150,000
and let's say you got a good deal on it. Because I showed you how to do that.
Your 3%, for you to do that it's going to cost you $4,500, Nowm
you don't have any money right now. But here's the good news:
That's not a lot of money. -Yeah. -Like, you can save for that. You can screw up for
that. You can figure that out. You can partner. You can borrow a little... Like
there's a way to actually figure that game out. So, it's just the first piece of
good news which is you don't need a whole lot of money to actually get in
the game. But there's a couple more things you are going to need. Number 1,
you're going to need to get a second credit card. -Okay. -Because banks... Most
banks are going to want to see you have three lines of credit. You've got an auto
loan, you have a credit card. We need to get one maybe even 2 more credit cards.
-Okay. -And the reason why we want to get those credit cards is because banks,
before they'll say, "Sure, we'll lend you a hundred grand on buying a house", they
want to say, "Well, is he fiscally responsible?" Then if like, "He has one credit
card. We can't really tell yet." -Yeah. -You do 2 or 3 cards. And
here's what I want you to do: Use them and pay then off. That's it. I don't care
what their limits are. I don't care what the perks and Benny's are. All to do...
Dude, run up $20 meal on it once a month to pay it off. I just need them to see,
"Oh, this card is active and he's keeping it paid off. Hence he must be responsible.
We're going to bump its credit score a little bit." More importantly, the bank is
going to want to see that so they can say like, "Hey, we'll actually lend him a house."
The second thing is where we're at in the year, you got 14 months of history
under your belt and we're about to change the year over. I would say in
about 3 months, something's going to happen. You're going to be able to file
your second year taxes. Because when you did you're 2018 taxes, you had already
had your job (for what?) 5-6 months or something like that? -Yeah. Down there. -So
now, the banks are going to say, "We want a 2-year history on you?" So, even
though you only worked half of the year, they are still going to call that history.
But now, if you just wait 3 more months into your taxes again, they're now
going to say "You actually have a second year." And most banks want to see a
two-year history of you doing some kind of job in the same line of work. They
don't care that it's a college job. They don't care that it's alarms. What they
want is "Is he dependable?" So, you're 2 months away from actually hitting it
dependability mark. Don't get fired in the next three months. -Okay. -Don't change
your job in the next 3 months. Or if you do, stay in the same industry. And if
you did change a job, don't have more than like a 2 or 3-month gap.
Because then they would say, "Uh-oh. His employment was interrupted too long.
And now his 2 year starts over again." -They ultimately want to see to your tax
return. You're just a couple months away from it a 2-year tax return. So by the way,
so... I got some good news for you. Get a couple of credit cards and get that work
history going and you'll actually nearly be ready. The only thing missing is
$4,500. -Okay. -Now, my question for you is can you be resourceful enough to figure
out how to make that happen? -Yeah. I can put something together. -You can put
something together, right? -It's not a lot of money and it's always good to have a
goal. So, right now, I'm getting you a little tip sheet. Now by the way, these
are the exact same things. Literally my mentor told me, "Kris, you don't
change your job. You need another like 8 months at it or whatever." And
he said, "You need to set 5 grand aside." That's essentially what I'm telling you.
He said, "Make sure you get 2 more lines of credit." That's the same thing I've
told you. And it's really those 3 things that are actually going to put
you in a position where you can buy a house. Now, you're single. So, the good news
is get it good deal on a house and then get 3 roommates. And guess who's
going to pay the mortgage? -Them. -Yes, they are going to the mortgage. -So, a $300 private
room, a $400 private room and a you know 2 $200 shared rooms. And you add it all
up and it's like, "Wow! That's a lot more money than my mortgage. And I'm actually
getting ahead a couple hundred bucks a month." And the bank looks at that and
they say, "We'll do this again." So, let me share with you what that means. That
gets us into option... The second step of this. Phase one is get a primary
residence. -Okay. -Phase 2, once you have done it. after 6 or 12 months of
being there, literally do rinse and repeat. Now, that means that you're going
to need to move to do this again. And dude, you're young, you're single. You
don't have a whole lot of crap yet. Like move again. Get a house with some equity.
Keep that one rented out to the roommates or I'll show you my lease
option system to put a family in there and really bump up the cash flow. Get
some heavy money collected up front. And then literally go buy primary residence
again Now, you got 2 houses. You're positive cash flow on both of them. And
now, you're actually clearing some money. That make sense -Yeah. Definitely. -Now,
here's the good news: In a year when you go to do this, if you bought some equity
into this home and it's a primary residence, the banks will let you lend up
to 90% of a house like that and use it to buy another one. So, if they said, "Oh,
here's a 10 or 20,000 or line of credit." And you're saying, "Kris, could I use some
of that equity to like buy my next house?" You know the answer is? -Yeah. -Yes. You
don't need $4,500 again. -You need it once. I want you to buy that
house with a little bit of equity and you need to save yourself up 45
hundred bucks to five grand. -Okay. -And there's ways to be resourceful. There can
be some side hustles. There's all sorts of opportunities. Videos I've
made on this channel for what you can do to scrape some extra money. Because now
you have a reason. So far, working has just been about staying out of debt. -Hmm.
-Now, you got to say "Alright. I need to work to stand in debt and I need 5
grand more." So now, you start asking things. You start asking your boss, "How
can I get promotion?" Like, "I've been here for a year. How can I get a promotion?"
And there's so many different ways to actually scrape some extra money
together. One is be a better saver and number 2 is try to get a raise.
Number 3 is it might be a really tiny sign hustle on the side where you
can put that together. My 13-year old daughter has a little a week job that
you know she makes 500 bucks a month from. So, there's
opportunities out there as long as you know what for. And now you do. -Okay. -So, the
third option that I do want to give you Cayden is I love helping young people
invest in real estate and I promised you a game plan where you could go faster
than me. You buy these first 2 houses. You'll use the equity to buy a third
without needing to move and then a fourth and then it's just going to go. -Yeah.
-But how you go faster is with what I call partnering. And partnering, I created
a program it's called maverick. -Mmm-hmm. -And the maverick program essentially
says, "Go find other people out there that have saved some money and are ready to
invest in real estate. Introduce them to my team. And if they decide to do
anything with me or partner with me, I'll take my ownership that I get out of
the arrangement and I'll split it with you equally." You and I has to become
equal business partners. But this real estate requires no money and requires no
credit. Does that make sense? -Yeah. -Is that exciting?
-Yeah. I'm definitely interested in that. -Dude, that's the real estate. That is what
totally set me off of my journey to get where I've gotten. It's how do you
tap into real estate with no money no credit. Here, we're talking about buying
2 houses with $4,500. It's a really small amount. The ROI is going to be
really, really high on them. But you also have a way. You might even say before
that happens, you might you might have a parent that says, "I'll invest in you. Let
me help you get that house. Or that makes sense." Or, "Hey, I've got somebody
sitting in a 401k or IRA doing nothing." You never know. And so, you start saying,
"Okay. Now, that I know what I want, now I'm going to start seeing what doors and
windows I can open that can lead me to actually accelerating." That is how you
will go crazy fast. -Hmm. -That make sense? -Yeah, definitely. -So, how do you feel about
your options? -I like them. There's nothing too bad. -Guys, you have options too. Cayden is
not the only one. In fact, I feel so passionate about understanding that at
the start of this video, you're probably thinking "Dude, Cayden's got nothing. He's got
to finish college. He's got to get a job for a while and save them like..." Bullcrap!
Never let anyone tell you that you have to wait when the
time can 100% be now. Right now, it's just a little bit of hustle to make it happen.
And if you're looking for your own custom private game plan, there's a link
below and I've got a whole set of training staff that just do game plans
with people for free. Literally an opportunity for you to get an outsider's
perspective and understand "Could I actually start investing in real estate
right now?" And you'll find out if you click that link and talk to a member of
my team. So, dude. Thank you for being here today. -Thank you. -Excited about
your options? -Yeah. -Dude, I'm pumped for you. -Let's make it happen. -As I track young Cayden here on
his journey, we'll do a follow up so you can see what becomes of him. And for the
rest you out there, make sure you like this video so the YouTube knows to share
it. Please smash that like button and I'll look forward to seeing you
subscribers on tomorrow's video.