How I Would Get Started in Real Estate in 2024

  Рет қаралды 132,914

Kris Krohn

Kris Krohn

Күн бұрын

Пікірлер: 163
@Thejasonrogers
@Thejasonrogers 10 ай бұрын
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
@christianperez4309
@christianperez4309 9 ай бұрын
What state was the purchase in?
@Yaniv_Israel
@Yaniv_Israel 9 ай бұрын
@@christianperez4309why
@Juan__16
@Juan__16 9 ай бұрын
Bro in which state did you purchase the house?
@Thejasonrogers
@Thejasonrogers 9 ай бұрын
@@Juan__16 Florida 10min from the beach! My insurance is cheap cause I have USAA knock on wood
@Thejasonrogers
@Thejasonrogers 9 ай бұрын
@@christianperez4309 Florida the sunshine state
@jasonjosephlee
@jasonjosephlee 7 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.
@nykbrandur984
@nykbrandur984 4 ай бұрын
Where?
@GhanYt
@GhanYt 9 ай бұрын
it is profitable you can start with the little financial strength you have....
@bahijarhafiri
@bahijarhafiri 9 ай бұрын
as a starter you must have the strategies of investing in real estate.....
@susannicky
@susannicky 9 ай бұрын
i need adviser>
@GhanYt
@GhanYt 9 ай бұрын
jenny pamogas canaya is my adviser
@susannicky
@susannicky 9 ай бұрын
thanks i find her
@Matt-i9f
@Matt-i9f 3 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
@ryanantonellis1335
@ryanantonellis1335 Ай 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
@irainkoolaid
@irainkoolaid 6 ай бұрын
video starts at 6:10
@EdwinRivera-g3e
@EdwinRivera-g3e Ай бұрын
Thanks for this haha u saved me 6 minutes
@Dashabell.
@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..
@StanleyHudson1
@StanleyHudson1 7 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.
@StanleyHudson1
@StanleyHudson1 7 ай бұрын
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy
@Mateo12m
@Mateo12m 7 ай бұрын
How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
@Dashabell.
@Dashabell. 7 ай бұрын
Thanks to Patricia V Vesely.
@Dashabell.
@Dashabell. 7 ай бұрын
She's a licensed broker here in the states
@brandyhernandez680
@brandyhernandez680 24 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?
@spicy7109
@spicy7109 6 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.
@SERGEYTIMOFEYOVICH
@SERGEYTIMOFEYOVICH 3 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
@diannayoung6588
@diannayoung6588 2 күн бұрын
In Canada if you are not moving into the property and it is a rental you need 20% down.
@RebeccaGorin
@RebeccaGorin 4 ай бұрын
*Amazing. “How to build wealth, do this..”*
@RebeccaGorin
@RebeccaGorin 4 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..
@RebeccaGorin
@RebeccaGorin 4 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...
@RebeccaGorin
@RebeccaGorin 4 ай бұрын
Whosoever tries this sureIy acquires wealth. Get to her.. ELlZABETH GREEN HUNTS..
@Rylee-hy6jr
@Rylee-hy6jr 8 ай бұрын
At what point did you hire property managers?
@jeanetteromero1108
@jeanetteromero1108 Ай бұрын
Hey kris, im trying to purchase your book but the website is blocked.
@LARRYTHECARGUY
@LARRYTHECARGUY 6 ай бұрын
I understand how you did it BUT after taking the heloc out, don't you have to pay that down?
@malindaproperties
@malindaproperties 7 ай бұрын
Isn't that 3% only for your primary residence?
@ibrahimyunus5291
@ibrahimyunus5291 Ай бұрын
Do you have a real estate coaching program
@I-DO-MEDKITS
@I-DO-MEDKITS 6 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. 🙏
@Dray191
@Dray191 6 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.
@marcelrodriguez2067
@marcelrodriguez2067 4 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 😂
@jacobshort4536
@jacobshort4536 4 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.
@jacobshort4536
@jacobshort4536 4 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.
@marcelrodriguez2067
@marcelrodriguez2067 4 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.
@sammiienyc
@sammiienyc 7 ай бұрын
Should we look for FSBO homes as a first time buyer?
@hiltonsworld5753
@hiltonsworld5753 10 ай бұрын
I'm glad you finally addressed this!
@heatherrichmond7900
@heatherrichmond7900 5 ай бұрын
Hi, your link button doesn’t work. How do I get a copy of your book?
@jasoncampbell8788
@jasoncampbell8788 4 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?
@jalabi99
@jalabi99 4 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".
@Soloquinn
@Soloquinn 8 ай бұрын
14 watching this
@hud5692
@hud5692 5 ай бұрын
never too early. i’m only 15 😅
@javiermachado8493
@javiermachado8493 10 ай бұрын
How Can i get mentorship from him ?😅
@BrigetGstar
@BrigetGstar Ай 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..
@MesutMilleliri
@MesutMilleliri Ай 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.
@reggiedenny5094
@reggiedenny5094 10 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....
@Kera4800
@Kera4800 10 ай бұрын
I’m having the same problem
@sv_nikola8450
@sv_nikola8450 2 ай бұрын
Why should i need 2 or 3 credit cards?
@RizzGyat-vi4ie
@RizzGyat-vi4ie 3 күн бұрын
Cuz
@lindalamar4800
@lindalamar4800 7 ай бұрын
How do you research if an "investment opportunity" is on the level? Ie. "The Island Project"
@jaydsjacksin4159
@jaydsjacksin4159 19 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..
@KrisKrohn
@KrisKrohn 16 күн бұрын
Increase your income then worry about investing
@Alejandro-e3s
@Alejandro-e3s 9 ай бұрын
At what age can you start real state?
@laurenrobinson3832
@laurenrobinson3832 7 ай бұрын
18
@kai89tracid
@kai89tracid 5 ай бұрын
6 with parents
@hanjiwhatsnext
@hanjiwhatsnext 6 ай бұрын
This is doable -we have the created in 2024 with 3 months.
@commanderrandy3259
@commanderrandy3259 6 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_markzweeel4526
@eli_markzweeel4526 6 ай бұрын
What was the down payment on the duplex?
@Jesus-nh4ny
@Jesus-nh4ny 5 ай бұрын
how did you set up the title like is your personal name on it or did yoy go through with an llc?
@LuminousPlasma
@LuminousPlasma 7 ай бұрын
The submit button is not working on the website
@LordStunnah
@LordStunnah 3 ай бұрын
How did your mentor know the house was worth 150K and not the actual owners?
@BillyRuiDonahue-op3pp
@BillyRuiDonahue-op3pp 10 ай бұрын
what about Los Angeles, CA?
@flikrinc9945
@flikrinc9945 5 ай бұрын
nah gang way way too expensive
@JuanTorres-gh9qb
@JuanTorres-gh9qb 8 ай бұрын
Is the book thing real?
@Nikki3b0oxX
@Nikki3b0oxX 4 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.
@shirelylinero
@shirelylinero 3 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-s2w
@kevinvictor-s2w 3 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.
@vickylarue
@vickylarue 3 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-f6w
@doran-f6w 3 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.
@vickylarue
@vickylarue 3 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-f6w
@doran-f6w 3 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.
@martingallegos6577
@martingallegos6577 7 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
@jaredbills7561
@jaredbills7561 6 ай бұрын
Sucks you can’t use an fha loan to rent a house out
@theburnerrrrr3422
@theburnerrrrr3422 5 ай бұрын
depends on goals but if u can cash flow with only 3.5% do that
@dontspeak2994
@dontspeak2994 2 ай бұрын
​@@jaredbills7561get a duplex, triplex or 4 plex
@junior-69999
@junior-69999 6 ай бұрын
Do I need a real estate license to buy a house fix it up and sell it?
@eli_markzweeel4526
@eli_markzweeel4526 6 ай бұрын
No
@AntonioRodriguez-bi4zf
@AntonioRodriguez-bi4zf 6 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
@Las645
@Las645 3 ай бұрын
You can certainly do it there.
@annmich7384
@annmich7384 10 ай бұрын
Thank you Kris 👍
@AllenSchoepflin
@AllenSchoepflin 3 ай бұрын
14 years ago my dad got a house for $70,000
@tedted8709
@tedted8709 24 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
@AidanBatten
@AidanBatten 7 ай бұрын
So if I’ve been in business 2 years I can get a house?
@Business_enthusiast
@Business_enthusiast 6 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-bo4fx
@wonke-bo4fx 6 ай бұрын
How can i partner with you on business?am from South Africa
@martinvencedor1646
@martinvencedor1646 10 ай бұрын
you are amazing dude
@danielsea6479
@danielsea6479 6 ай бұрын
Honestly character matters, you should start on that Chris.
@Jazzlobotomy
@Jazzlobotomy 8 ай бұрын
How does a real estate investor die?
@dennissparks7788
@dennissparks7788 10 ай бұрын
Strait path
@xoniicoleed
@xoniicoleed 4 ай бұрын
Started at 15
@sweetandsour6521
@sweetandsour6521 2 ай бұрын
No lol
@scottrahn22
@scottrahn22 5 ай бұрын
I’d like your book.
@tomrmazur
@tomrmazur 5 ай бұрын
I would like a property in my state. Not 1000 miles away.
@JessicaLaw-v6m
@JessicaLaw-v6m 9 ай бұрын
Let me get a mentorship!
@Michelle_McKenzie
@Michelle_McKenzie Күн бұрын
What if you already own a house, so you can't house hack. That's my issue.
@KrisKrohn
@KrisKrohn Күн бұрын
Roll your current home equity into a rental property. Everyone starts in a different place
@homesbymikewalker
@homesbymikewalker 7 ай бұрын
Very interesting
@Cachetes993
@Cachetes993 3 ай бұрын
who could ever believe this
@frankescobar4449
@frankescobar4449 4 ай бұрын
You’re a salesman bro! Trying to sell your program. Done following you!
@johnny_oakley
@johnny_oakley 4 ай бұрын
How do you acquire 25 properties while in College with that sort of DTI ratio?😂
@Wisestomatoe
@Wisestomatoe 7 ай бұрын
I can’t live with my parents so I have just to work on saving
@1minute.everyday923
@1minute.everyday923 3 ай бұрын
JESUS LOVES YOU ALL ❤
@mort0612
@mort0612 Ай бұрын
Horrible video for marketing his bs book
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