What is turnkey real-estate investment? Well, I've done it thousands of times so
I guess I'm pretty qualified to teach today. My name is Kris Krohn and for you
new investors, I'm going to show you how you can be totally hands-on and maybe make
$300 an hour and how you can be totally hands-off and make
$30,000 an hour.
You do a deal, you put in a hundred hours you make 30 grand, you do the math and
I'm always obsessed with the calculation what am I worth per hour? Because with
time, I want to see that number what? Go up or down. I want to see it go up and I
don't want to see it stay the same. Because if it stays the same, that means
I'm not innovating. It means I'm not reinventing myself. And it means I'm not
getting better at my trade. You want to know where you're at. Now, if you're like
typical investor, check out the way this goes. In the beginning, I would put in 30
hours on a deal. And if I could turn that into a really healthy profit, I'd make
some good money. The problem with doing everything yourself is that you're the
one who's wearing many hats and you're not going to be good at all of them. You're
not going to be good at drywall or managing contractors. You're not going to
be necessarily good at finding the deal or lining up the financing. And when
you're wearing that many hats. if you mess up them up. then you have a really
high risk leverage point and it's no good. When I started shifting from me
doing all the work to a team. things changed. My team puts in over 300 hours
per deal. Now why are they putting in 10 times more than I was? Because I got 200
members of my team. That means that I got people that are handling my appraisals, a
team for my inspections, I got a team for doing the repairs, specializing in
different types of repairs, I got a team that's out there managing the people
that are doing the repairs. I've got people that are doing my property
management, the people that are managing the property managers. I mean, you name it.
Researchers, people finding the deals, crunching the numbers, accountants.
There's a lot of people that make this work. And when you get a team doing it,
guess what happens to your profit? Ironically, it goes up significantly. So,
this is the mind-blowing part of the video for most of you that are watching
this, it's like, "No, no, no, no, no Kris. if I do it all myself, I get to make the
most money." That's not true my friend. You also pose the greatest risk but if you
put in all the time, here's the real question.
How many deals can you do a year? 3, 4, 5? Great! So, you turned real
estate into a job. "But Kris, I quit my job." I'm like, "Are you kidding me? Real
estate is a full-time job for you. You do 5 deals a year. Yeah you're making a
$150,000 a year. And yes,
you're probably feeling fantastic about that because it's a good income.
But guess what? It's not passive. It's a job. So, I had Jack Daugherty you might
know him from YouTube he's got over 2 million subscribers currently. He's 15
years old. He says he's been blowing me up for month. He flew out here with his dad.
He's like, "Kris... Kris you got to teach me how to invest in real estate. I want
to be a multi-millionaire by 18." And I said, "Okay, Jack. Let me give you a game
plan." And part of what I share with him is
what I'm going to share with you right now. You've got to go from me the team. And
the reason why is because just like you make a lot of money in real estate
because of leverage; You got to figure out how to leverage your time. That's
what turnkey real estate is all about. You're basically saying every problem
has a solution and it's been provided for. And a seasoned team exists. Now, let
me just say a little bit about my team so I can help you understand what you
want to build towards. My team today versus the team that I started in the
beginning of 2 very different things. In the beginning, it was like can I need
a realtor that can find my deals. I need a loan officer that can do my loans. I
need someone to manage the properties. And these 3 people, they made up my
team and I was the investor. I was the owner. My team today is over 200 strong.
And what is my team today? It's all of that and so much more and we're doing
dozens of deals a month. I mean frankly right now we're crushing it. And as soon
as that recession hits, we're going to crank it up times 200. And we're going to do a
whole lot more deals hopefully with you in mind. The whole purpose of having a
team is that together, everyone accomplishes more. Cheesy absolutely true.
Absolutely-er. So, team is really what you want to figure out how to surround
yourself with. Most people have a hard time delegating. Because in the beginning,
you don't have a lot of money to work with. And here's where you got to free
yourself up in the mindset. Let's say you do everything and let's say that you
make 20 grand. Let's say that you bring a team on board and now the sudden, you
only make 15 grand. But you get 90% of your time back. Which would
you prefer? You need to value your time and most
people don't. And that's why most people financially are stuck. That's why most
people get leveraged instead of being the leverage-er. Now, there's one more
thing that I love about team. When it's all you, do you get better from one deal
to the next? Man, I sure as heck hope so. But
remember, you're limited to just you and your experience. When you work with the
team of people and everyone has a their hand at the wheel doing their part,
they're bringing a higher degree of expertise... You can read Michael Gerber's
Emyth book and learn about specialization. I got all these
specialization where these people are individually better at most things that
I'm trying to do all on my own. And I bring this team in and they're getting
better at an exponentially better rate than I am. What that does is it drives
your ROI up. Now, I'm living right now in a world where this is more true than
ever before because we've tapped out. Right now on single-family homes that
were holding for 5 years, we're producing ROIs generally of
25, sometimes upwards to 30%. And that's average. 25%
ROI. That means that with 25% a year, 25, 25, 25, 25. I double my
money every 4 years. That's something the stock market can't
do. That's something that 401ks can't do. That's something that annuities can't do.
But that is something that real estate done the right way can. So, here's my
invitation for you. Hopefully today's video helped you figure out, "I need to
get a team." Go start building one you can do it. If you want help on knowing how to
do that, go to Amazon and pick up my book The Straight Path To Real Estate
Wealth. I break down how to put a basic team together. If you're ready to step
into a team that is already playing in the major leagues and crushing it, then
click the link, get a free copy of my book and talk to a member of my team and
say, "Hey, can you show me what it would look like if I had your team supporting
all of my real estate?" Because frankly my friends, am I making $30,000
in an hour in real estate? The truth is I'm on track by the end of
this year to be hitting about 100,000. And when we hit the recession
I'm going to be over a million dollars an hour. Now, I know that sounds crazy wild
and near unbelievable. But when you're doing big big volume, understand in the
end that for you, the real money is made in doing decisions not the work. So,
become a decision maker. Make the right decisions and have a team that backs you
up that does all of the work. And when you have that scenario in place, yes you
can achieve most dreams much quicker. So, get with me and my team. Will share with
you what that looks like or go and purchase a copy my
and I'll walk you through what that first looks like. By the way my friend, I
wish you the very very best. Go crush it and subscribe because tomorrow I got
another video coming your way teaching you how to crush it
in real estate.