You guys know that i leveraged real estate to quit my job. But am I an anomaly
or are other people really capable of that? Truth is I've seen so many people
do that. And today, I want to talk about how you leverage a real estate so that
you can quit a job.
So, today I am joined by Jack. How we doing, brother? -Good, Kris. -Jack has come
out to one of my events here. We put him on every single quarter. Are you enjoying
the event so far? -I love the events. This is my second one.
So, everyone is different. New perspective. You can't... They don't get
old. -Awesome. I'm happy to hear that. -The
reason why I want to have this conversation with you is, you're one of
my real estate partners, we're now getting in on a couple of different
deals. But you have a very specific motivation. For you, it's how can i
leverage real estate not to bring you necessarily home from work but someone
else? Who is that? -It's my wife. My wife Li. She's about 2 years my junior. I
was lucky enough to retire last year. So, she is desperate to retire. We have 2
young grandkids. -Right. -And she was to get with them in the worst way. -I totally get
that. -And me being at home irritates her to no ends. -And so now you're motivated to
say, "Alright. I worked my life. I've got some money set
aside. We've been able to start getting in on some deals." And you're set to
closure next to you in just the next 2 weeks. -That's right.
That's right. Next 2 weeks. -And so, really this is all about how do I focus
on deals that have the right kind of cash flow and can multiply to produce
enough income to bring her home. -The wonderful things about your
partnerships is you give so many different varieties of fast forward. I am a
full believer in leveraging. I've done it for years. Got burned in 2008. -Right. -Step
back. -Right. -You've given me faith and go ahead and try it again.
My wife's on board. And that's like, that's like 90% of the motivation. -Wow.
-With your cash flow option, we can see within half a year. Maybe a year's time,
we can bring her home comfortably. -Alright. What's up!? Listen. Happy wife, happy
life. -It's so true. -It'll always be true that way. I'm so glad that
you are recognizing what you want and then what you're doing that's different
than so many people, Jack is you're taking massive action. You know, there's a
lot of people like, "Oh, my gosh. I'm not ready. I need more knowledge. I need to
know more." And at some point, you have to say, "Alright, I need a certain amount of
knowledge. I need a certain level of confidence that I need the deals that
will work. And then lastly, I need to act." And you've done all of those things. -I
have to say. I'm 65. almost 65. And I've seen a lot of the chaos. In real estate...
So, I know it exists. So, you can't do anything about that. But you've
structured in such a way it's predictable within the context of a
path forward. So that to me makes me feel confident. -What Jack is
specifically talking about is that there's so many people that are like, "Hey,
what are you working on?" Well today, I'm working on a multi-family deal. Then I'm
going to work on an apartment complex. And then after that, I'm going to work on a
single-family deal. And you never master anything if you're focusing on being a
jack-of-all-trades. And in real estate, you know, we believe on having
very specific focuses and then staying focused, staying on target. I found that
single family was a predictable jam. Where that's the biggest real estate sector
that individual families want. So, it is the most expensive commodity out there.
And we basically found a box to play in that it produces that predictability. I'm
glad you're doing it as much as I do. You know, this point Real Estate's almost
boring. Because it's just numbers and everything fits inside this box. And
what's beautiful is how the formula works. And at the end of the day, it's
just a matter of plug and chug and going. And you're doing that. So, I'm thrilled
for your future. And I'm thrilled for the next 6 to 12 months. I want to
personally know the day she gets to actually put her slip in that she gets
to be done. Join you enjoy the grandkids and move on to the next phase of your
life. -I'm looking forward too. I used to be a jack of all trades. But now I'm a jack
of this specific kind of trade. -Yes. I love it. For those of you that are
watching today, whatever age you're at... Jack, whether it's 65
and live in his life in a way where he could retire the way that he wants. Or
whether you're trying to get there sooner or whatever it looks like for you
to have the mobility and the options in your life to live the life that you want.
You know, more than anything, retirement is usually not about not working. It's
about shifting focus and doing the kind of work and the things that bring you
fulfillment and joy. And in real estate, I have found to be one of the best
vehicles for creating an early exit or a reliable one that can actually
make that happen for you. So, if you want to learn more about that, if you want to
learn more about Jack's journey and what he's doing to bring his wife home, then
I'm going to invite you to click the link below. You have a chance to connect with
my team and learn what that looks like. In fact, there's a document that you have
access to get for free in the link below. It's what I call Krohn Consortium. It's
my track record on my last 4,000 deals. About a billion dollars worth of real
estate. When you got that document, was that useful for you and kind of
understanding the track record of this thing? -Absolutely. The thing about real
estate is that there's so many fake opportunities out there. -Yes. -So, when your
opportunity came along, I was skeptical. -Yeah. -Because of the past and the things
I've done. You lay it out, it's open. It's an open book. And it was... There was
nothing there that came up and maybe concerned. -Yeah. I think what's
interesting when I got started and I was doing my first deal, I had no track
record. And people were skeptical. My father-in-law was like, "Why are you buying
a house? You're 22 years old. And just seemed premature." Right? Like, "Why are you
doing that?" I remember when I bought my second and my third house. I had my
friends kind of scratching their head. None of them... I had caught the bug. I had
a drive. I wanted to be free. And none of them quite got that. That age,
it's like go to college and focus on education. You're not even in career mode
yet. I'm like, by the time I'm done with college, I want to be done with career
mode. Not because I don't want to work but because I want to do a different
kind of work. It's interesting that when I got my 50th deal under my belt, people
started saying "You know what? This track record is like catching on." But my real
track record came in 2008 and '09. -Right. -When the market fell apart and we
started soaring, who is 3 4 years later that people realized, "Wait a second. You
kill it when the economy is up and then you make even more money when the
economy's down." Doing a track record on thousands of homes has now got us to a
point where it's not a question of does the system work. It's not a question
of are the numbers good enough? Now, it's just an understanding of we
have a track record. This is predictable. And does this fit where I want to go? I'm
glad it fits for you. It doesn't fit for everybody. But the link below has that
document. You can get it for free. Cover the shipping, my team will send it out to
you. And get your hands on that track record. It comes with my entire system
and how I do this. And if it can benefit you in your own life to going and doing
real estate, I want you that tool. I want to thank you Jack for
being here today. -Thank you. -Thank you for sharing more of your story. I'm looking
forward to doing an update video when your wife comes home from work because
we're going to celebrate. -We are. -The biggest way. -We are. -Totally pumped for you,
brother. Thank you so much. -Be good. -Alright, guys. Take care. Make sure you
subscribe. Links below. And we will see you tomorrow.