I moved in with my parents @ 22yrs old worked at walmart saved 40k bought a house @ 25yrs old 1yr later I have 30k equity and now I’m buying my 2nd house today. Slow and steady wins the race
@christianperez43099 ай бұрын
What state was the purchase in?
@Yaniv_Israel9 ай бұрын
@@christianperez4309why
@Juan__169 ай бұрын
Bro in which state did you purchase the house?
@Thejasonrogers9 ай бұрын
@@Juan__16 Florida 10min from the beach! My insurance is cheap cause I have USAA knock on wood
@Thejasonrogers9 ай бұрын
@@christianperez4309 Florida the sunshine state
@jasonjosephlee7 ай бұрын
Buy and hold is the best method when starting out. Then you can trade up and add value. I started a few years ago and now I have over 100 rentals.
@nykbrandur9844 ай бұрын
Where?
@GhanYt9 ай бұрын
it is profitable you can start with the little financial strength you have....
@bahijarhafiri9 ай бұрын
as a starter you must have the strategies of investing in real estate.....
@susannicky9 ай бұрын
i need adviser>
@GhanYt9 ай бұрын
jenny pamogas canaya is my adviser
@susannicky9 ай бұрын
thanks i find her
@Matt-i9f3 ай бұрын
Can you please make a video about how you select and deal with your tenants, as I’m about to buy my first property to start the process. Thanks! Love the videos
@ryanantonellis1335Ай бұрын
Just bought a 249k 4br 3ba new house in Texas near in between 2 major metros. Only Put 1% down with a usda loan. It’s also right next to a major college and 25 minutes from a major downtown hub. Im going to be renting out all of the 3 upstairs bedrooms and living in the master downstairs for free. Plus, I could convert the game room upstairs to a 4th bedroom if needed. House hacking is the way to go, I agree with Kris
@irainkoolaid6 ай бұрын
video starts at 6:10
@EdwinRivera-g3eАй бұрын
Thanks for this haha u saved me 6 minutes
@Dashabell.7 ай бұрын
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million..
@StanleyHudson17 ай бұрын
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
@StanleyHudson17 ай бұрын
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy
@Mateo12m7 ай бұрын
How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
@Dashabell.7 ай бұрын
Thanks to Patricia V Vesely.
@Dashabell.7 ай бұрын
She's a licensed broker here in the states
@brandyhernandez68024 күн бұрын
Kris I have a question after college what job should you get or do to show the bank that you have an income so you can get a loan. To buy a SFH. Or should you get a private investor?
@spicy71096 ай бұрын
few things hes missing is closing costs and when you only put 3% down you have to claim that property as primary residence for a year.
@SERGEYTIMOFEYOVICH3 ай бұрын
Yes but a few counters: - claiming somewhere as a primary residence is fine. Doesn’t mean you have to live there forever - a lot of sellers will cover closing costs - after you build up credit you can get better investment lines of credit where there is lower down payment and rates
@diannayoung65882 күн бұрын
In Canada if you are not moving into the property and it is a rental you need 20% down.
@RebeccaGorin4 ай бұрын
*Amazing. “How to build wealth, do this..”*
@RebeccaGorin4 ай бұрын
the first step to acquire wealth is figuring-out your goals with heIp of a financiaI pIanner, and foIIowing through with lnteIIigent ideas; you will acquire wealth in no time and also enjoy the decision of managing your money..
@RebeccaGorin4 ай бұрын
I had decisions that grew my finances (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Living the dream, hoping to retire next year...
@RebeccaGorin4 ай бұрын
Whosoever tries this sureIy acquires wealth. Get to her.. ELlZABETH GREEN HUNTS..
@Rylee-hy6jr8 ай бұрын
At what point did you hire property managers?
@jeanetteromero1108Ай бұрын
Hey kris, im trying to purchase your book but the website is blocked.
@LARRYTHECARGUY6 ай бұрын
I understand how you did it BUT after taking the heloc out, don't you have to pay that down?
@malindaproperties7 ай бұрын
Isn't that 3% only for your primary residence?
@ibrahimyunus5291Ай бұрын
Do you have a real estate coaching program
@I-DO-MEDKITS6 ай бұрын
So what about the loans from the bank though? You just pay them monthly with the income from the tenants ? If so then how would It profitable ? Amazing video. Literally the best broken down explanation. I'm just got a little lost on paying off the loan. Please help me thanks. 🙏
@Dray1916 ай бұрын
The rent needs to cover taxes, insurance, and make the mortgage payment. Plus have money left over. That left over money is your cash flow. Deals like that do exist.
@marcelrodriguez20674 ай бұрын
Lmao what they never mention is what to do if a couple tenants stop paying rent. You can easily go under if you cant afford to cover all those mortgages 😂
@jacobshort45364 ай бұрын
@marcelrodriguez2067 That's why your first rental property should be a 4-plex or a multi-tenant establishment where each tenants rent is almost enough to cover your mortgage. If you do FHA, you would have to "live" in one of the units for at least a year but if one tenant leaves, you're still covered by the rest. The odds of all tenants leaving at the same time are slim to none.
@jacobshort45364 ай бұрын
Additionally, you're potentially collecting first and last months rent up front, by let's say three tenants if you live in one of the units. That's enough to potentially cover three months of your mortgage right there. If you have as many houses like he does, you don't worry about a couple tenants leaving lol.
@marcelrodriguez20674 ай бұрын
@@jacobshort4536yes but i heard horror stories of owning multiple properties and more then one of the tenants of those different properties not paying rent and now you in a tight situation if you cant affors to pay.
@sammiienyc7 ай бұрын
Should we look for FSBO homes as a first time buyer?
@hiltonsworld575310 ай бұрын
I'm glad you finally addressed this!
@heatherrichmond79005 ай бұрын
Hi, your link button doesn’t work. How do I get a copy of your book?
@jasoncampbell87884 ай бұрын
I don't have any credit cards, but if I got 2 for food and gas what would I use the third one for?
@jalabi994 ай бұрын
I've found that most of the people who say "*you* can't do such-and-such" really mean "*I* can't do such-and-such" or "*I'm too afraid to try* to do such-and-such".
@Soloquinn8 ай бұрын
14 watching this
@hud56925 ай бұрын
never too early. i’m only 15 😅
@javiermachado849310 ай бұрын
How Can i get mentorship from him ?😅
@BrigetGstarАй бұрын
One of the most briIIiant investing advice i have ever gotten on youtube came from watching an interview with Julianne Iwersen Niemann on CNBC. Indeed, A solid investment strategy is like a well-planted treeit can withstand storms and still grow strong..
@MesutMilleliriАй бұрын
I can only speak from my experience when I advise seeking professional advice. It looks like a smart bet if you don't know where to get an experienced one, but if you don't know anything about the market.
@reggiedenny509410 ай бұрын
Hey how can I use a shipping address and a billing address which are different. My cc is my billing address which you do not have on file....
@Kera480010 ай бұрын
I’m having the same problem
@sv_nikola84502 ай бұрын
Why should i need 2 or 3 credit cards?
@RizzGyat-vi4ie3 күн бұрын
Cuz
@lindalamar48007 ай бұрын
How do you research if an "investment opportunity" is on the level? Ie. "The Island Project"
@jaydsjacksin415919 күн бұрын
im 15 years old but idk how to start.. im still in school. i have no money idk what to do to start..
@KrisKrohn16 күн бұрын
Increase your income then worry about investing
@Alejandro-e3s9 ай бұрын
At what age can you start real state?
@laurenrobinson38327 ай бұрын
18
@kai89tracid5 ай бұрын
6 with parents
@hanjiwhatsnext6 ай бұрын
This is doable -we have the created in 2024 with 3 months.
@commanderrandy32596 ай бұрын
I purchased my first duplex at 20 yo and my 2nd property at 22 yo. Should I use my equity built ($70k property 1 + $80k property 2) ? Or save cash from my other income to purchase another property. ALSO does anyone purchase through unconventional methods ?
@eli_markzweeel45266 ай бұрын
What was the down payment on the duplex?
@Jesus-nh4ny5 ай бұрын
how did you set up the title like is your personal name on it or did yoy go through with an llc?
@LuminousPlasma7 ай бұрын
The submit button is not working on the website
@LordStunnah3 ай бұрын
How did your mentor know the house was worth 150K and not the actual owners?
@BillyRuiDonahue-op3pp10 ай бұрын
what about Los Angeles, CA?
@flikrinc99455 ай бұрын
nah gang way way too expensive
@JuanTorres-gh9qb8 ай бұрын
Is the book thing real?
@Nikki3b0oxX4 ай бұрын
I understand his point. It isn’t so much that people think work is their meaning. But work is money. Less jobs due to robots doing our jobs is going to be tough. There might be a whole generation left behind if they don’t learn new skills as time changes. I believe this is something that happens every century. New ways are made new jobs are made. I already see it in restaurants. You have robots as servers.
@shirelylinero3 ай бұрын
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
@kevinvictor-s2w3 ай бұрын
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
@vickylarue3 ай бұрын
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@doran-f6w3 ай бұрын
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
@vickylarue3 ай бұрын
Angela Lynn Schilling is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
@doran-f6w3 ай бұрын
Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
@martingallegos65777 ай бұрын
Would you rather drop a down payment of 15-20% or pull out a FHA loan and put down 3.5% down to get into real estate
@jaredbills75616 ай бұрын
Sucks you can’t use an fha loan to rent a house out
@theburnerrrrr34225 ай бұрын
depends on goals but if u can cash flow with only 3.5% do that
@dontspeak29942 ай бұрын
@@jaredbills7561get a duplex, triplex or 4 plex
@junior-699996 ай бұрын
Do I need a real estate license to buy a house fix it up and sell it?
@eli_markzweeel45266 ай бұрын
No
@AntonioRodriguez-bi4zf6 ай бұрын
Times are not the same. I live in Florida and it’s definitely not cheap down here. So buying a house at these times and the economy and let alone the housing insurance is another mortgage payment. Back then they didn’t require so much and gave mortgages to everyone. It’s so different now. You have a great sales pitch and make it sound so easy for anyone to do it but the reality is you can’t do it here
@Las6453 ай бұрын
You can certainly do it there.
@annmich738410 ай бұрын
Thank you Kris 👍
@AllenSchoepflin3 ай бұрын
14 years ago my dad got a house for $70,000
@tedted870924 күн бұрын
You had me until you said live at your parents is there a way around Banks how do you feel about hard money lenders I'm self-employed and I usually have between 10 and 30,000 in cash but thanks don't want to deal with me
@AidanBatten7 ай бұрын
So if I’ve been in business 2 years I can get a house?
@Business_enthusiast6 ай бұрын
Real estate business looks more professional with a website. If you don't have a website. As a real estate agent, people won't take you serious. And I can help with that if you would like to talk about it😊
@wonke-bo4fx6 ай бұрын
How can i partner with you on business?am from South Africa
@martinvencedor164610 ай бұрын
you are amazing dude
@danielsea64796 ай бұрын
Honestly character matters, you should start on that Chris.
@Jazzlobotomy8 ай бұрын
How does a real estate investor die?
@dennissparks778810 ай бұрын
Strait path
@xoniicoleed4 ай бұрын
Started at 15
@sweetandsour65212 ай бұрын
No lol
@scottrahn225 ай бұрын
I’d like your book.
@tomrmazur5 ай бұрын
I would like a property in my state. Not 1000 miles away.
@JessicaLaw-v6m9 ай бұрын
Let me get a mentorship!
@Michelle_McKenzieКүн бұрын
What if you already own a house, so you can't house hack. That's my issue.
@KrisKrohnКүн бұрын
Roll your current home equity into a rental property. Everyone starts in a different place
@homesbymikewalker7 ай бұрын
Very interesting
@Cachetes9933 ай бұрын
who could ever believe this
@frankescobar44494 ай бұрын
You’re a salesman bro! Trying to sell your program. Done following you!
@johnny_oakley4 ай бұрын
How do you acquire 25 properties while in College with that sort of DTI ratio?😂
@Wisestomatoe7 ай бұрын
I can’t live with my parents so I have just to work on saving