How dangerous is it for you to purchase a piece of real estate out of state and trust
that everything will go the right way.
The reality is it can be extra ordinary dangerous and detrimental to your future.
And done the right way, it can be your biggest financial blessings of your life.
Today, I've got Thomas joining me in studio.
We're going to get the chance to hear from him what is out of state real estate experience
has been like.
And we're going to jam on it.
Thomas, dude.
Thank you so much for being here brother.
-Great.
It's an honor to be here.
-Listen.
My voice a little hoarse because we just finished this crazy 4-day boot camp of an event.
-Yeah.
It was intense but well worth it.
-Yeah.
How was it for you, by the way?
-Oh, it was awesome.
The mindset training, that's way more important to any type of strategy training because you
know, once you get the mindset, the path becomes totally clear.
-Yeah.
So, now...
Thomas, you met me through YouTube, is that right?
-That's correct.
-Well, what were you searching for when you eventually somehow found me?
What was that like?
-Well, I was looking to get into real estate.
I knew I wanted to invest in real estate out of my state.
I happen to live in New York.
-Dude, New York, right?
I mean, super expensive market.
What do you do?
Right?
-Yeah.
Like, as a beginner, I try to get into it.
How do you come up with the funds and more when you get the funds.
The returns on always the best.
-So, you basically watch some of my videos and then got in touch with my team and found
out that I provide turnkey real estate options the best markets around the country.
-Yeah.
I knew what to do real estate deal about this.
You need to to put a team together.
Then I found that you are have a team.
And with the right connection, you get access to that.
-Now, let's talk about the first deal that we did.
So, where's this first house that we just got?
-Well, the first I got, i happened to me in Memphis.
-And why that market?
You now, step through.
You met my acquisition team.
You know like some of the hot points on that market.
But what is that that drew us to that market?
-Okay.
Well, my goal is..
You know what tough cash flow.
And they told me, "Hey, Memphis is the great cashflow market."
That's the market where I am looking first.
-It is one of the best cashflow markets.
You know, we're getting cash on cash returns of around 9, 10, 11 percent.
And overall ROI comes in around 25%.
Which means your doubling your money every 4-5 years.
Which is always something that I am looking for real estate.
Which is I need my money to be growing.
How does one home become 2.
And 2 become 4.
And 4 become 8.
Which basically means how do I take a small amount of money and double it?
How do I make 50,000 to 100,000?
How do I make 1 million to 2 million.
And so, we've gotten started on that entire journey together.
And what kind of confidence have you found as you've been able to listen to Tyler, meet
the team...
What's it been like so far?
-Well, definitely, I got to meet the team.
Talk to them over the phone through email and in person.
And I have full confidence like they do their research in all the numbers and they predict
the ROIs.
-It is pretty exciting.
I mean the reality is in the beginning, I did real estate on my own.
And I was terrified to do real estate our of state.
I was afraid that I was going to do something wrong.
I was afraid that I would get taken advantage of.
But you know what?
I have done, I think a couple of hundred deals in my market.
And it was time, I'm like,"Why am I doing real estate in my backyard when there's a
better market?"
Just like you feel about New York.
My market was way more affordable than New York.
But either way, there's 324 markets that make up the United States.
And the chance of you living in the best one is very very slim.
So, if you really want to maximize, you got to be thinking, "How do I go to the very best
markets?"
I remember what it was like to actually send my original team out there and say, "Let's
figure this out."
After we did, after I bought my first several homes, I was like astounded.
These markets are producing superior ROI.
They're in better markets.
All the economics line up.
And we just started killing it.
And since then, I never buy in my backyard unless it's a primary residence I'm going
to live in.
Or for you that's watching this, there's certainly way for us to show you how to do backyard
real estate.
But when you when you want to go turnkey, that's when you want to go the best markets
with a team.
And that's how we ultimately got here.
Now, 15 years later with 4,000 homes under our belt.
And now, you're getting started on you journey, man.
Are you excited?
-Definitely.
-What do you think the next move is?
-The next move is by another house and keep on finding ways to buy every year.
-And kind of like Tyler been alike.
Every year, he just finds a way to buy a house.
And if you do that, you're going to put yourself on a financial trajectory.
You can build insane wealth.
So, Thomas.
Dude, thank you for being here.
Congratulations.
And thank you for sharing everyone what's it been like for you to actually go out there,
do some real estate with us that's out of state and the best markets.
Certainly excited for you.
And for you, if you want to learn more about how you can invest in real estate out of state,
there's a link below for you to get a free gameplan, talk to my team and then essentially
ask them, ""Hey, if you were Kris Krohn and you are in my situation, how would you actually
do real estate?"
We'll break it all down for you and help you access that out of state stuff.
Other than that, make sure you subscribe and we'll catch you on the next video.
Thank you so much buddy.
-Thank you so much.
-We'll see you guys on the next one.