Kris I love your videos! I have learned so much! I am 20 years old and followed Your 4 envelope method and just bought my first 2 homes and are currently renting them out to tenets. Keep up the videos man. Your an inspiration!
@KrisKrohn7 жыл бұрын
Wow! Congrats. Glad I've been helpful! Keep up the good work!
@danielsteckbauer71056 жыл бұрын
Hey I’d love to talk to you about how you got started Brennis. I’m 20 years old and if I may ask how did you buy these houses? Did you have a really good job before you started this?
@KK-nk4uv6 жыл бұрын
Congrats! But what's 4 envelope method?
@alexk-k81076 жыл бұрын
Would love more info, if you're open with sharing?
@ilruuihuymymymhm6 жыл бұрын
Brennis Muttilainen I would love to hear more about your homes. If you are open to sharing
@quhack73896 жыл бұрын
I wanna get into real estate as soon as possible I’ve watched like every video at least 4 times to get a really good understanding. At the age of 17 I’ve learned more than I ever would in a tiny class room. I wanna be my own boss at the age of 25. You’re very inspirational man thank you so much.
@jaimepadilla43284 жыл бұрын
How has it been going so far
@tiffanyscavetta83404 жыл бұрын
Hey you're 18 now right?? How far have you come? :) You can do it!
@md.nournoby4523 Жыл бұрын
Hi
@benfalach717 Жыл бұрын
Your 21 now, how is it? Any progress updates?
@unclephil2722 Жыл бұрын
We need an update!!
@cjleongson3 жыл бұрын
Ive watches this like 1-2 yrs ago, and just now got back to watch it again. Now i understand it well
@tyreak15able6 жыл бұрын
when enthusiasm is shown i know the person teaching is genuine! these two are dropping some real heat within these four videos i love it and cant wait to come back to this vid with the comment saying i did it
@jthb6 жыл бұрын
im 15 and unfortunatly my age matters but i am taking notes
@harambe15806 жыл бұрын
haha same mate, are you studying economy?
@DonUrriaga6 жыл бұрын
Ayee im 15 to
@jthb6 жыл бұрын
Gabriel Rocha uh I study economics accounts basically business I.t.... Stocks....
@MohamedHassan-up7sy6 жыл бұрын
15 year old too, now working in the stock market.
@adrianruiz33416 жыл бұрын
you can still do it you need to have a partner that is orlder do the paperwork and do a contract with them
@gingerjordan5 жыл бұрын
Ive been following Kris's videos for a year now, also bought one of his books..Looking at everything at an investor point of view..Being a property investor has been my biggest goal, and is also my childrens goals. Ive now come to realize im to far away from my goal because of lack of my past, credit, and job history ect..So now ive come to the realization a lease option can help me to at least get into my first property..I am now watching the videos to use all the information of the benifits for the investor, to pitch to someone I know that can potentially help me buy useing a lease option on one of his properties..
@956judith4 жыл бұрын
Ginger Waniandy my situation is pretty unique as well and I may have to look into a lease option !
@G.ThatGuy5 жыл бұрын
Pretty awesome idea. Can you make a Pros VS Cons video on the lease option? Or some type of video of things that could potentially go wrong/ common mistaks with the LO
@HRGamers15 жыл бұрын
When kris says "take notes, I know you don't normally use it"; look down to my hands holding a pen and a agenda to take notes "try me"
@mikefieselman5 жыл бұрын
at 8:20 you calculated vacancy as an expense towards the cashflow, however the cashflow number you calculated, already took vacancy into consideration...
@jayadevrana36575 жыл бұрын
Krish Krohn is the best salesman I have ever seen
@ottoartamo3534 жыл бұрын
Im 13 but already interested in real estate and I think I just learned what a lease option is! Thanks from Finland🇫🇮
@chaninenouah28435 жыл бұрын
woow! I've never been interested in real estate until lately. I wanted to have a basic knowledge and technics for future plans. This is so clear and plain for my understanding. Thank you guys for sharing this tips
@christhrowndotz42036 жыл бұрын
I’m 24 I work 70 hours a week and I don’t see a future in taking care of my mom and sister plus my life and doing the things I want I’m willing to do everything it takes I listen to audio books motivational speakers and videos like yours everyday I want all the help and information I can get please help me in anyway you can
@alexandrucamila88185 жыл бұрын
Move to Denmark :)
@babayaga81264 жыл бұрын
Hey man all you gotta do is Visualize everyday where you are and your seeing yourself driving your dream car and listen to affirmations Hope it helps :)
@halluxinations6 жыл бұрын
You're honestly so inspiring to me. Im only 15 but I have a dream to get into real estate when I grow up.
@theshamanist1137 жыл бұрын
What the heck is that scream @:20!?!
@2PacStoleMyBike7 жыл бұрын
His video editor 😂
@KrisKrohn7 жыл бұрын
Ha! My son in another room.
@kalennkrohn55057 жыл бұрын
Totally our kid!
@pete8220-g5p6 жыл бұрын
😂😂😂😂😂
@FearlessMillionaire6 жыл бұрын
Holding hostages?
@BrewCrew-tq8oy3 жыл бұрын
I love that 12-18 year old kids are watching this.. I'm 33 and just learning now! Keep on going!!!
@kriskrohn1433 жыл бұрын
W/h/a/t/S/a/p •+1•9•0•8•7•9•3•8•9•0•5
@kriskrohn1433 жыл бұрын
For advanced info
@jeremyvillalon82876 жыл бұрын
I have been saving on my 401 for about two years now I would love to start ASAP I am only 24 years old!!!
@grantrmoore5 жыл бұрын
Kris I have 1 question with this tho.. What u typically preach is to use a home equity line of credit to then purchase your 2nd home.. Now you've eliminated that possibility with a lease option, the equity is no longer mine or is it?
@dylonnace85855 жыл бұрын
Slim Chain this is an option for people that can’t use a traditional loan to purchase a home, however you can still find a lease deal in which you find equity. When someone else leases or buys the home from you, you will see that equity
@KrisKrohn5 жыл бұрын
Dylon Nace EXACTLY!
@topinfoproducts27546 жыл бұрын
Definitely going to do Lease Options. Also, I’m watching this at school 😂
@vicenteponce45536 жыл бұрын
You had already accounted for vacancies in the cash flow
@jayspeeds35745 жыл бұрын
lol i was scrolling down to see if anyone caught this as well lol Kris is still the man tho 💪🏽
@rekasfpreparat5 жыл бұрын
Yep, so in the end he would have made 15k.
@diegoa87945 жыл бұрын
Plus he was paying down the principal every month so he would owe less on the mortgage
@trentbriggs1198 Жыл бұрын
Stil watching and loving it so far and I'm confused on where you get the $40k from? The leasees do not pay that right? They're paying it down monthly as if it was an already established mortgage So I'm not sure where it comes from in the equation.
@jaireanthony78765 жыл бұрын
i am 16 and i have been enjoying your videos, i am taking notes on these topics and relaying them to my parents in a effort for them to try this cause i can see this working and even though they wont try it i surly will
@freesol16 жыл бұрын
You are double counting your vacancies. You only take into account 11 months of rent (after 4 years thats 8800) instead of using 12 months which means 1 month is for vacancy. Then you take out a vacancy exp of one month.
@chriskline80126 жыл бұрын
well when you're trying to prove your point you don't need to worry about real facts
@freesol16 жыл бұрын
ahahaha tru bro!
@thatawesomesound15526 жыл бұрын
He is not counting them twice. He does 4 x 1000 (mortgage expense). You dont collect rent But you do need to pay the mortgage, this creates his 4K expense
@freesol16 жыл бұрын
@ThatAwesomeSound They most certainly collect rent. Their cash flow is based on cashflow{8.8k) which is rent minus mortgage (this includes a $200 vacancy exp). Plus their mortgage expense is not 4 X1000. If you are calculating mortgage expense: Monthly mortgage is $1000 yearly it would be $12000 and since they are holding for 4 yrs cost of mortg after 4 yrs would be 48000. They calculate a $200 vacancy exp in their cash flow then $4000 in vacancy exp.
@russelwestbrook88306 жыл бұрын
He is not double counting. The 8.8k is the cash flow from 11x4 months. Now, with 1 month vacancy, there is no rent collected, thus he has to pay $1000 out of pocket to cover the mortgage. Over 4 years that would be 4k.
@cryptoflip46254 жыл бұрын
My first time watching L.O bcuz I didnt understand but u guys explained it perfectly to where I totally understood it.!!!
@camarojoe19976 жыл бұрын
question. how do I report leasers to credit bureau weather they pay on time to improve there credit for future purchase of property? and vise versa
@vincentgoulet13477 жыл бұрын
With a lease option the renter don't necessary have to buy the house therefore you still have to pay for repairs?
@KrisKrohn7 жыл бұрын
Not unless they move out. The agreement puts that responsibility on them.
@jacobwilkinson39586 жыл бұрын
All responsibilities are stated in the lease. If you want that on them, you put that on them.
@nicklewis28266 жыл бұрын
Kris Krohn - Limitless TV you actually get these people to sign these lol? I would never sign I lease where I am responsible for repairs. What happens if the ac unit goes out? Am I paying 5k for that if I don’t own the house. No. That’s not how a lease option normally works lol.
@seanmorrissey57296 жыл бұрын
You would if you were paying a bank mortgage on a house, wouldn't you? The bank sure wouldn't. The only difference in this case is that Kris is playing the role of the bank. It's rent-to-own. The property will be yours once you pay the lender back in full.
@nicklewis28266 жыл бұрын
Sean Morrissey here’s the difference amigo. In situation one, paying the bank, I have the deed in my name. Situation two, the deed of the home is in Kris’s name.
@mirandabass54315 жыл бұрын
This was awesome! I’ve been telling my fiancé this for a whole year now, and finally he understands! 🙌🏼🙌🏼
@KrisKrohn5 жыл бұрын
Miranda Bass LOVE IT! If you want more info email me kriskrohnrei@gmail.com
@marioandultrachap4 ай бұрын
2 questions. 1. If theyre building equity you wont be able to refiance will you? 2. Youll be losing the house if they buy which means no more infinite equity
@CWK096 жыл бұрын
"He's a total math nerd" Can't do 3rd grade math.
@jadams03185 жыл бұрын
Lmao
@richardsanchez22095 жыл бұрын
Yea that’s why he’s a multi millionaire 🤣
@KrisKrohn5 жыл бұрын
I’m only qualified to do 2nd grade math 👀
@ontherisewithcandyceevette30375 жыл бұрын
@@KrisKrohn lmao
@josephholdman10375 жыл бұрын
No! Take it to calculus! No problem!
@BradKaellner6 жыл бұрын
Lease option is such a powerful strategy. Consider targeting homeowners that bought right before the peak (2006/2007).
@heavy70975 жыл бұрын
I’m looking for a video that will tell me how to set it up. Contracts? Lawyers?
@adamm52056 жыл бұрын
Rent is better than lease option, with a rent you can make your Tennants sign the contract making them do the repairs and maintenance, also if you live about an hour from your property you do not need a property manager yet
@twartles61394 жыл бұрын
I like how when scrolling through the comments i see that half the people including myself are 13-18
@G_SixT6 жыл бұрын
What is the scope of house buying? Within same state? Country? Do you physically go to every home?
@lanabeatty67604 жыл бұрын
I'm 17 and I am already studying for this 😁
@MatPhi3 жыл бұрын
Me too 😊
@naxell66403 жыл бұрын
I watched this video at 17 now rewatching it at 18, lets marry
@ayrtonjamesleith19363 жыл бұрын
Let’s go to everyone under the age of 19 🥳
@calincampbell56376 жыл бұрын
The trick that some people don't understand is that it's simple to understand. It all just makes sense. If you think too deep into it you'll get confused
@KrisKrohn5 жыл бұрын
Calin Campbell Real Estate is easy.... TAKING ACTION is what people struggle with
@44dhelk6 жыл бұрын
Maybe I am missing something, but while calculating the profit on the rented house, how would we not factor in that $44,000 worth of the mortgage has been paid by someone else? (48 months minus the 4 months of vacancy, which is assumed we paid out of pocket). So, after those four years, we don’t owe the 170. We owe roughly $126,000. With that being said, when we sell for $210,000, the number from which we subtract realtor fees, updating expenses, etc., would actually be the difference between $210K and $126K (the balance on the mortgage after 4 years) which would now be $84,000. Thanks in advance. I am just confused as to why, after having someone else pay our mortgage for roughly 4 full years, we say we “owe” 170K on a house we bought for 170K?
@MorisUIC6 жыл бұрын
Eric Elkus the 1k for the mortgage payment would not be 100 percent to the principal so there is no way the balance would go down 48k. Even if you got a fixed rate for 15 or 30 years the interest is front loaded so the principal change is very minimal in the first 5 years. The property I bought for 72k has gone down to 65k in 5 years. Most of that mortgage payment has gone to interest and property tax, you just bank on the value of the property going up
@TedZ21216 жыл бұрын
Totally correct! The $1000 mortgage payment will go towards building equity in the home. BUT!! This $1000 mortgage payment is the same in BOTH scenarios so they cancel each other out. This video is only highlighting the DIFFERENCES between the two options. I hope that makes sense friend!
@chrisredden74705 жыл бұрын
@@MorisUIC how bad is your interest rate. Obviously the whole payment doesn't go towards the principal but those numbers seem especially bad. I'm currently buying a house for a similar amount but I expect to pay off about 4000 towards the principal a year. More than half of my monthly payment should go towards the principal.
@ericv83956 жыл бұрын
Rent to own homes are the best thing happened to me. I get them for 300% less than market value from here and then sell it for real price.
@busyb90316 жыл бұрын
How??
@tragic13086 жыл бұрын
Your adding $40k profit of equity, that wont be yours since your leasing with option to buy to client. misleading ?
@jeremyharris29805 жыл бұрын
True
@NotaSmurf5 жыл бұрын
I was thinking the same thing because the person who they're leasing the home to is the one now adding value to the home. Plus the agreement will be set of the house value of the year the lease was signed.
@lelzzz93905 жыл бұрын
Yeah I’m literally ignorant on real estate and saw obvious errors all over this video... they need to relax and script this out more
@KrisKrohn5 жыл бұрын
You access the equity before the mortgage and title goes to the tenant... you sell the house to the tenant after the equity is accessed
@JohnDoe-gw3mp5 жыл бұрын
@@KrisKrohn Do a video on it
@epauloconnor5 жыл бұрын
Over 4 years... you'd probably pay $5,000-$10,000 of the principal, so it'd be more like $160,000-$165,000 owed.
@BianicEpicVideos6 жыл бұрын
Dude that scream at 0:22 was a sound effect or no because it was perfectly on time.
@lucalambeau55243 жыл бұрын
So can you lease out a property without even ´really‘ owning it?
@taeway22066 жыл бұрын
I’m confused .... but if you rent it out your goin to continue to own that house but I thought if you lease the house your goin give it up one day ?
@wendellmeusa25093 жыл бұрын
OMG...I did it...it's amazing! Thanks Chris!
@tompuijpeNL5 жыл бұрын
Mhhm little vague, I feel that the video should a little longer and there should be more about the why instead of what. It feels like this is too 'amazing' and maybe 'fake' because for me the video went too fast paced and the numbers weren't clear. Also if you do a leace option why is there any vacancy at all with the nonrefundable payment And why is this about the home-owner istead of the buyer, I thought I was going to do a leace-option and buy it later with profit. Now you guys propably didn't mean to give that impression and I am coming from a lower place, but it didnand feel scammy.
@maxbarona25783 жыл бұрын
i know of a 7 hour class from a guy whos made millions using lease option. its as in dept as it gets
@sikskillz21863 жыл бұрын
interesting, I wonder how it works if, i’m the one looking to buy with the lease option.
@kriskrohn1433 жыл бұрын
W/h/a/t/S/a/p •+1•9•0•8•7•9•3•8•9•0•5
@ryguy1086 жыл бұрын
You missed a crucial part where you didn't state how much of the "rent to own" rent is going towards lowering there final sale price if they decide to buy it.
@Gevorkal5 жыл бұрын
It's in part 3
@kaneibarra37385 жыл бұрын
That’s why he says they set a base price meaning no matter how much they put toward it, they won’t receive less that that #
@ibiangobono37043 ай бұрын
Thanks a lot Kris I'm just 11 but your videos are so simple, even I understand them thanks man
@JaysterJayster6 жыл бұрын
Is it possible the tenant doesn't do the repairs in the lease option, and just lives through wear and tear? They wear things down and don't buy the property in the end, leaving you with a house that requires fixing if you want to do anything with it again? So it's out of your pocket anyways?
@snoshii27976 жыл бұрын
No because you state in the contract you create with them that they are responsible for all repair fee's for anything that broke down while they were at your home
@michaelmoon12146 жыл бұрын
And if they disregarded what it says in the contract and leave anyways, what then?
@snoshii27976 жыл бұрын
sue them
@zlandrez8335 жыл бұрын
Hey Kris, probably u won't read this but I just bought your book because I'm only 15 and I really wanted to invest in real estate, thank you so much for the knowledge
@AtizaJuanita7 жыл бұрын
Kris this is just amazing... What a great channel... You're about to change my life cuz I already made a decision because of your content... I'm 21, live in New York and I'm living in a rent so I'd love to buy my first property whiting the next 3 month.. I don't want it to be in New York... I want to buy in Florida... All I know about Real Estate is thanks to you... I feel like I need more knowledge though
@KrisKrohn7 жыл бұрын
Fantastic attitude! Glad you found this channel. Keep watching these videos, and when you are ready to invest in Florida, let's chat.
@AtizaJuanita7 жыл бұрын
Do you have properties in West Palm Beach?
@KrisKrohn7 жыл бұрын
We dont' have inventory, but will find a property that meets your goals. Right now there are some amazing deals in Kissimmee.
@AtizaJuanita7 жыл бұрын
That sounds interesting.. but it's not only my decision... My mom wants to leave in West Palm Beach... She loves it... If your interested in having me as a client I would love to negotiate with u... I would feel in safe hands
@MyeongsooChoi6 жыл бұрын
Do this Real Estate tips only work in America?
@jeancarlocardenas12003 жыл бұрын
so if the down payment is non refundable and it goes towards the investor does it still count as building equity in the home?
@axethetic15166 жыл бұрын
But the question is how to do I own or buy that house when I’m 18 with no money?
@KrisKrohn6 жыл бұрын
Here you go: kzbin.info/www/bejne/lZXGn4Sdf89gp8k
@KrisKrohn5 жыл бұрын
Anymore questions feel free to email me kriskrohnrei@gmail.com
@MyGUNZ1234 жыл бұрын
You get it for free in lala land
@raymondtongolei60197 жыл бұрын
Hi Kris thanks for the video on Lease Option. I want to learn the best terms I can negotiate a Lease Option for myself as my primary residence. My credit is low and job history is only 1 year in a new occupation. I want to buy in 12 months, now I'm working on paying my credit card debts and improve my credit score.
@nev46966 жыл бұрын
The camera never focused on the phone lol
@cihatecicek5 жыл бұрын
what do you mean by 15 percent equity position mentioned in he video? down payment of %15 ?
@PoorlyGenie126 жыл бұрын
In your lease option calculation you don’t award any equity to the renter, you’re pocketing every bit of their money. That by definition is not lease to own
@RevelCris6 жыл бұрын
PoorlyGenie12 maybe they loose all equity if they don't purchase in the end
@calincampbell56376 жыл бұрын
They are buying the property from YOU. which you will sell for 200k instead of the 170k you bought it for. that original equity is yours to keep
@calincampbell56376 жыл бұрын
Also the renter is getting equity by paying for the mortgage and the extra money from the monthly payments is profit for the property owner
@mathewbrown376 жыл бұрын
The beat boxing and freestyle were appreciated, thanks for the info
@K1izCyrax6 жыл бұрын
Thanks for the video gentleman, graduating from college next year and trying to get a jump start on the next chapter of life..... ON TO VID #2!!!
@adhdfitgirl4 жыл бұрын
amazing! what are you truly passionate about in life?
@alexandervalladares25012 жыл бұрын
Kris amazing content as always .. met your at 2022 Clever Summit …
@Thakko6 жыл бұрын
Now next to part 2. Really worth it!
@miguelangulo80364 жыл бұрын
There are so many assumptions on this video... If the tenants gave you $5000 as down payment that should go towards their equity of the home. In other words, they own $5000 of the home. You are also assuming that this happens twice (thus the $10000) and that none of tenants decide to keep the house at the end. Leasing (also known as home-owner financing) isn’t always the best option. Also, a $200 increase in rent can make any tenant look for other alternatives. This is will make your vacancy period much longer.
@jakestanleytravel54626 жыл бұрын
how do I pay for a house in the first place ?
@mr163254 жыл бұрын
Go to bank, put down payment, get mortgage
@aadams39957 ай бұрын
Thanks so much for this video. This video is pre-covid days and about 7 years old. Is there any chance you have a video on this topic with today’s numbers?
@stamathsxontrogianhs51285 жыл бұрын
12x100x4...sweating for 10 seconds....4.800
@v12bat515 жыл бұрын
To get started in real estate investing I think places likes Detroit and Midwest in general make a lot of sense, as the property values are significantly lower.
@bari64985 жыл бұрын
Its 2019 im trying to turn my life around doing this
@jordymurillo80065 жыл бұрын
Realshit
@juliangoings89235 жыл бұрын
You too?
@vanessamiller15035 жыл бұрын
can relate
@KrisKrohn5 жыл бұрын
If you need help email me kriskrohnrei@gmail.com
@lianashaffer19835 жыл бұрын
We just got shutdown from a bank for a loan. But we are close to getting the credit where we need it. I will be emailing you in the future kris. Just stumbled upon this have almost the same story. Struggling financially with 5 kids ...I don't feel like "a man" I WILL turn this around and share my success story
@checkerbunny5655 жыл бұрын
Hey Kris, I’m doing a persuasive speech on why you should consider a Lease option over renting out your house and I was talking to a realtor I interned with over the summer and she considers Lease Options to be fraud, why do people think that?
@phen0mejon995 жыл бұрын
How do you get the house in the first place...
@stressfree.worldwide5 жыл бұрын
You have to buy the book.
@KrisKrohn5 жыл бұрын
Go to a home owner and ask if you can buy it lol
@chin8014 жыл бұрын
What if the value of the house goes up drastically with a lease and the tenants are doing a lease to own.... would you sell it to them for the current house value or they value it was the day they signed the contract?
@Africanus13 жыл бұрын
You’re locked into the price unless they are cheap idiots who had no experience or representation.
@fudogwhisperer35905 жыл бұрын
How are your monthly expenses (cap exp) and Principle interest and insurance(PITI) going to be 1200.00 on a 170K house? They left out the marketing expenses and the possibility it sits empty for a while. You have to have a funnel set up of people wanting to rent to own.
@KrisKrohn5 жыл бұрын
Fu Dog Whisperer I go into WAAAYYY more detail in my lease option program! Email me if you’re interested kriskrohnrei@gmail.com
@propertyomgtv2545 жыл бұрын
Hey You're just awesome! I finished all your four videos at one go. I'm from Malaysia Kuala Lumpur and have been doing deals from bank foreclosure. But this requires huge capital even though it can be very profitable too. Now your teaching has opened up new horizons and business opportunities here. I'm grateful.
@abdurrahman14936 жыл бұрын
i didnt get the 40000 part in lease option
@jagvocate6 жыл бұрын
Are people willing to LO a house that already has your mortgage on it? What about the insurance you’re required to keep during the life of the mortgage?
@matl091119817 жыл бұрын
Aka property management with more risk
@johnmichaelricasa29986 жыл бұрын
yah, this is so Risky. for young guys that loans money to get in this thing.
@themotivator39755 жыл бұрын
Kris Krohn I really like to join real estate but dont know how,think you could be my mentor,just a college drop out without employement,love your videos really motivate me
@weloveeverything78045 жыл бұрын
Same bro let's work together from online Whatsaap +917907666974
@themotivator39755 жыл бұрын
Thanks will do communicate just saw your message
@MiguelVargas-pz5zv5 жыл бұрын
I like how they make those small pauses when it comes to basic math equations and using the calculator. Smart move tho. More minutes being counted on for their KZbin channel
@abhilawvlogs6 жыл бұрын
It's true when the monthly mortgage Emi is somewhere near the monthly rental income. But where real estate cost prices are too high as in Delhi in India the aforesaid calculation doesn't seems to work. For example here a property worth Rs 1.5 to 2 crore gets monthly rental of Rs 30,000/- only whereas the monthly mortgage Emi would go up to 1.2 to 1.8 lakh per month.
@travishill16927 жыл бұрын
Kris this is gold brother. Great as always! Can't wait for the next 3 videos. I live in Canada so I understand not everything is the same but really love the content. Great work! Cheers
@abdulazizalshammari21545 жыл бұрын
When you come to sell the house and pay off the morgatge you remove the monthly 1 k that you are paying so that 11000 is actually 59000 because 48000 is removed from the loan you took out in monthly payments
5 жыл бұрын
0:20 - I need to ask a favor of you (in the background "AAAaaaahhh")
@dustinsnare2 жыл бұрын
Thanks Kris, great rock, solid easy number comparison.
@cooldude4231005 жыл бұрын
I’m a bit confused, where did the 15k of realtor expenses disappear to? Also does that include property tax?
@kenbigblake5 жыл бұрын
No realtor needed with a lease option.
@beefc4ke_sundae3015 жыл бұрын
Property taxes are usually built into the loan. Banks dont like taking the chance on u paying it separately cause if u dont pay theyll risk the IRS gtting their hands into the pot basically. Or at least thats what ive gathered from these videos
@lizngotho6 жыл бұрын
What happens if a client can't keep up the payments? is it a refund?
@joelpshine7 жыл бұрын
The term on the lease option does it have to be for 2 years or 4 years. What is the structure of the deal?
@KrisKrohn7 жыл бұрын
Great question. This actually varies depending on which option the tenant chooses. Stay tuned for parts 2, 3 & 4 to this series.
@mattherrod15785 жыл бұрын
How do you take the 40k rise in property price on the lease option? Surely the aim is that they are agreeing to buy the house in 4 years at the price it was? If your taking the rise in property value then they are better off renting the house and having you pay for repairs etc..
@MJ-wi1tc5 жыл бұрын
Wearing that leather wristband Looks like he’s waiting for a falcon to land in his arm😂
@dtruth57693 жыл бұрын
How do u determine the 4yr new value with the house. Also if it appreciated more than u promised. Your leaving $ on the table.
@SmartRapperTV6 жыл бұрын
I can teach you to rap if you need to. It's kind of what I do lol :D
@MyBurnerAccount6 жыл бұрын
Smart Rapper Gang wtf you doin here??
@Jeremiah16196 жыл бұрын
Thanks a lot for your videos
@671shades6 жыл бұрын
Bro wtf haha funny i watch your videos too.
@grantrmoore6 жыл бұрын
Hahaha we r treading on the same stomping grounds Smart Rapper!
@Jiggzz5 жыл бұрын
Rob lol lets do a real estate song. 🎙💪
@MegaRome255 жыл бұрын
great info..love the energy and assistance fellas
@kingcj65335 жыл бұрын
You earned my subscribe when you started rapping . Lol
@drewm.27906 жыл бұрын
is there like a certification required to start in real estate or do you just start investing?
@adambriceland73096 жыл бұрын
Kris how do I get a hold of you and your team. I have a situation I’m in I need advice on.
@KrisKrohn6 жыл бұрын
Here you go. See which option is the best fit: limitlessmentor.com/TV/index.php?id=comments
@johnmichaelricasa29986 жыл бұрын
what if the tenants did not let go of the house? what would be the scenario?
@victorazofeifa78934 жыл бұрын
After earning thousands of Dollars on investing with a reliable company, I dare not doubt the trade market, with the right skill you'll be making a fortune off the market.
@victorazofeifa78934 жыл бұрын
After I looked at the prospectus of the Forex market and saw seeing great results in my investments with Milford Tom , I adjusted my portfolio accordingly to place bigger bets
@carygraves1374 жыл бұрын
Seems you knew him recently. He has been my manager for past three months now. He has totally changed my financial state Never met him in person, but work with him for a month and you'll be able to tell he's a genius and a go getter. Never met a better mentor and philanthropist.
@frankietorres8456 жыл бұрын
I’ve been subscribed and have had notifications to your channel for some time now, thank you for the great info you guys put out!
@KrisKrohn5 жыл бұрын
Frankie Torres appreciate it! If you want to take ACTION on knowledge that you’ve learned email me and we can get you started! kriskrohnrei@gmail.com
@AndyDittmar17 жыл бұрын
How are you getting the 15% equity on both options? I have a hard time wrapping my head around why you would get it in the lease option. Wouldn't the original seller want to pocket that $30k?
@KrisKrohn7 жыл бұрын
Great question. More answers coming tomorrow.
@trevorrogers32336 жыл бұрын
You are accounting for the vacancies when you multiply by 11 months right? Then you are taking out again for vacancies below. I think you did it in rent and in LO scenarios. Did I miss something?
6 жыл бұрын
That doesn't work in most countries!
@ekayacan Жыл бұрын
Calculations are wrong. Also, Where are property taxes, insurance etc?