Successful people don’t tell the poor/middle class their secret to success, they seek the ideas of finance coaches to help build their wealth. If anyone here needs a good coach, here’s it..
I am fortunate I made decisions that changed my finances for the better (gained over 1M in 2yrs) through my financiaI coach. Got my 2nd house in May and hoping to retire next-year
I'm personally using *4NetJobs. Com* and it makes me around $400 per day. You can actually Sign Up for there. Thank me later. All you need in this life is ignorance and confidence; then success is sure.
You guys are not realizing how smart this guy is he flexed his whole house by getting a drink of water and moving away from the noise ...........genius
Lol. It’s a smart video layout. Describing how he made his success while intentionally unintentionally touring his home making you want it more, so you keep listening.
My uncle went from poor to upper middle class, he use to drive a old best up van and work in tomatoes fields from 4am-9pm. Now he has 6 homes and works as a supervisor and buys nice things.
The Lion You can get an FHA loan for 3.5% down. And if you can buy a duplex and rent out one half for the total cost of the mortgage how is that a bad idea???
1. The house can loose a lot of value (if there is a crisis) 2. The rent can be lower than what you have to pay / month to the bank. P.S: I generally would not take investment advice from someone that cannot do basic calculus in his mind.
I am so happy I watched this at 24. I'm retiring at 30 now, thank you Kris! I am currently making 80k a year, and I have been living on my moms couch only paying 300$/month in rent, paying for her groceries, car insurance, etc. I've been saving 4k-5k a month and had no idea what to do with it! Now I know, I will start buying houses.
@@Kaiyats Nah I'm a highschool dropout. I am a Network Engineer. You dont need College or Highschool to get into IT. Just need Certifications and connections. Interested? Get to it!
I’m 18 years old and I’ve been looking into stocks and everything because I know there is more to life then check to check living. You have just given me the most straightforward information and I’m gonna take it and run with it I really am! Thank you so much! I do have a couple of questions
also i don't know about US now after the financial crisis but here in Europe the banks don't give you a 3rd loan if you haven't paid off at least one of the 2 loans you in
And a family that is willing to live in that basement whilst paying rent that costs the same as the mortgage. And you have to buy the house for $40,000 less than what it's actually worth 😂😂
re·tire rəˈtī(ə)r verb 1. leave one's job and cease to work, typically upon reaching the normal age for leaving employment. Sorry, but unless your other sources of income are passive, you aren't retired until you STOP WORKING. That's what "retired" means.
Kalsiddon your definition of retire is different from him, relax mate. I think the definition of retire for him is that youre making passive income as a source of your income and not from active income like a 9-5 job
You guys are looking way to deep into it. All he's really saying is acquire assets that generate monthly cashflow and repeat this process over and over again to scale your income. It doesn't have to just have to be from real estate. He used real estate because the area or city he lived in only required him to put down $3500 or so which is more than capable for the average person. Knowledge and research is key.
I'd say real estate is the best method as you can easily use leverage to get it without too much risk, while if you use leverage for stocks that fluctuate a lot you could end up in huge debt. Also if you buy a house, you could demolish it and build a small block of apartments and increase your cash flow by 4-5 times without the expenses of actually buying 5 apartments..
@@tresboiconrado9226 frl it is really really useful I love the effort that he is trying to show towards the public but some retards are blind to see his hard word🤦♀️🤦♀️
So find one. You think they just came and knocked on his door and said let us mentor you? I come from the mississippi delta no millionaire in sight. And ended up surrounded by them because I wanted to be and found them.
"So what you do with your credit.. buy a house, buy a house, buy a house. I'm sure you can see the pattern here?"... Yeah, it's called a housing bubble. Telling people to buy a house late in an economic cycle (Anytime within next 30 months we will have a recession), if they lose their tenants, how you paying for those mortgages? Number 1 rule: NEVER INVEST MORE THAN YOU CAN AFFORD TO LOSE
Yeah, but he’s talking about houses that are bringing in $600.00 a month, so he’s talking about lower level housing. Even in a recession this is probably the safest way to go.
Your wrong , my old landlord and mentor has 5 property for a total of 16 apartments and is a millionaire , all he does is whatch over them and collect rent, as soon as one is vacant , fills it uo quick. Actually sounds harder than it is, ive personally whatched him grow since i was 8yrs old. Now im 30 just bought my first property last year and going on to the next , a lot of people give there opinions on things theyve never done. Becarefull who you listen too.
Thank you Kris! Great advice! I listened to your advice, bought my first undervalued property with equity and now considering step 2 and buying my second property 🙂
No, no, no, you look from a wrong angle. My skills is my wealth, my wealth is my health or how xzibit said "you don't work you don't eat, you don't eat you get weak, catch a fragile physique"
The need for setting outside multiple sources of passive income is more than necessary as a growing man looking for a fruitful life, nothing could be more worth your time, it’s never too late anyways
Well said allow me make you digress a bit but it’s a common phenomenon that going about investments such as this Especially the trade market as a header leads to loss as it takes years and years of mastering to get skilled in the art. You willingly did all this, then there must have been a long time of distress for you
As a newbie it’s best to do what a student would do. Get help from tutors, I would say I was lucky to come across one just as so, on the contrary I’m not making it solely, with his aid and assistance I’m getting profit while I also learn
Its not hard to understand but then again i got a RE license and my families are brokers. Read a book or not idk its verry simple . my mom has perfect credit
DynastySheep I was pretty sure if I invested in other people selling me hope, I would become a millionaire. Instead I ended being a billionaire by lucking out & winning the lottery. I am now retired in my 20’s.
Joe m noted but its also people remortgaging their homes 2 or 3 times because banks thought house values will always go up When the economoy over heated people cant pay out loans then boom banks loses x3 their money on a single home Thats one cause of many which this dude is doing
A down turn would obliterate him yes, but simply renting out highly leveraged properties won't collapse the economy. As long as the rents paid, it's cool. If rents drop, or vacancies come around he's got slim margins. This isn't at all how it started, but a noob would make that mistake
He's asking us to no longer have steady income and just hope the real estate market does ok. Also cuts off clips but not when he changes rooms to show off his house. Please don't retire at 26.
Patience and discipline is the key to recipe to do investing successfully, this is what Mr Sanjay Otter will always say. Thank you sir for your mentorship.
Pro tip. State your point and give details. Then AFTERWARD give a counterargument and explain why your option is more effective. 5 min in and I'm bored leaving your channel.
Vaedyx III bro, how do you have the audacity to judge and call yourself a professional? Professionals EARN money from their actions and content. Your channel is straight meme playlists and choppy FPS gameplay
This is so amazing your content is fantastic, I love how your so straight forward and actually give out the knowledge for true success witch most people are not willing to give out. You are a true motivator for this industry Thank you for your consistency in fantastic videos.
You know Who it is. Let me guess...mlm sucker who is struggling to find more suckers to join your “team" and struggling to sell your “products”?? Cause' I find it interesting people like always mention working 9-5
This guy is spot on - he is using the equity of each home to purchase another - each one will be cash flow positive to make the purchase of the next one possible - every young kid should watch this- thanks Kris
Parasites, speculators, and professional landlords are the whole reason the housing market is fucked sideways throughout almost the entire western world. For every one person like this guy, there are now 20 that will never be able to have their own home. This is a huge part of the reason why the 2008 financial crash happened as well.
I'll also give you a life tip. first of all you don't need any money, then get into med school and finish it. Then become a plastic surgeon and open a clinic in beverly hills. And thanks to this method you can now make around 10k a day and you don't even have to work on the weekends. that's what this video sounds like, buy a house which is worth 150k for 110k but he doesn't say how or what type of situation should you look for is the house in auction or in court or whatever...you can also buy a 200k house for free yes and that will give you equity. but HOW?
So you made $12k/month from renting 25 houses. I guess costs just don't exist in your country and you didn't have to pay a single penny to absolutely anyone?
He did his research and bought the houses below market value. He didn’t sign on unless he knew that he would profit on equity. This can blow up in your face if the market in the area goes stale. Usually people buy houses to live in them for years to come and they don’t really put up too much fuss about 40k if they want it bad enough. Again it’s fuckin risky. You can end up stuck with a bunch of property that’s underwater/not worth what you put in and be fucked for life.
Obviously you don’t have 150k laying around but, you don’t need it either. FHA loan is 3.5% down payment. So if you can afford to get a duplex or fourplex or even a house with 4 rooms rent out the other 3 rooms while having them pay your mortgage and make 200 extra month. That’s a start. Let’s say the house is 150k.. 3.5% of that is 5,250 let’s make it 6k for fun. For 6k you now own a home and are making an extra $200. It’s slow but it’s a start.
Professional guidance guarantees a better turnout than a blind approach, I invest well in Stocks, ETFs and other financial commodities working with an executive trade expert. So don’t let soothsayers fool you
You just said it all, exactly on my thoughts... shoot for the stars ✨ aim for the moon and you will keep going higher. I work with the best that why it’s easier, Mr Bruke a trade expert Eddybruke .info
So you're deeply in debt to start. You don't explain how/why the bank financed a kid the money to buy a 2nd, 3rd, 4th mortgage while not paying off the other houses while still owing at least 97%. Your residual income on rental properties doesn't make sense. The interest you would have been paying is killing your bottom line. How much were you making at your 9-5 job before you quit? How much of that rental income were you putting back into the property, or were you running it like a slum lord, not fixing problems? What happens when the tenant unexpectedly leaves and now you have a mortgage that you can't pay because you owe money on a house you can't occupy? Getting into debt this way and thinking you are rich because of equity is a proven plan to fail. You may get lucky and like you said, "Nothing bad ever happens" and be able to get ahead of the debt, but this is why the housing market crashed, why people and businesses file bankruptcy. You can't prove that you own any of the things that you were showing off in the video. Scamming young impressionable people....shameful.
Limitless TV can you drop the link to this Airbnb I’m trying to rent the same place for a day and make some videos so I can flex just like you did in this video
Jay S Legal process to evict might easily take months, and if they're not paying rent already its unlikely you could sue them for any losses later because they ain't worth a damn. Till then you would easily be thousands of dollars in debt from unpaid loan payments, now what? Suicide?
matyas Before that "someone" came in you need to deal with the current tenant. If the tenant's not moving you are in deep trouble. Getting time consuming legal procedures and rent stops coming and you start loosing money.
Have a process of finding tenants that can actually pay on time... Yes it might take longer to start getting money but at least you'll have a tenant that's paying on time without committing suicide LOL
You are like one of those math teachers that can talk to your mouth run dry and show me 20 different ways to solve one problem and I still don’t understand it 😂💀
Positive Male Using his own analogy, he started being like his father-in-law and now shows other people how to do the work and he earns passive income from their deals. One person can only do so much.
BROOO! I bought my first home at 21 following your steps while still in college I bought it for 120k worth 150k. Im almost ready to pull equity to buy 2nd home to rent out! your changing lives bro! thank you for putting me on the path of success!!
yes so I will take out the equity. Either equity loan or equity line of credit and invest in 2nd home. The way the loan will be paid off is through the renters. Its a numbers game. So if you play your cards right you can have $500+ a month coming from renters after bills and a portion of that going to the equity loan so you never have to pay it out of your own pocket and as long as you bought the second house like you did the first house walking into equity you can repeat the process over and over.
I don't care what other people say on the comments but thank you Kris for opening the idea of real estate to me. I live in a country where the "Society Plan" seems like the ONLY plan, and I can see that it doesn't really work out well for them. I plan to do real estate while having my job when I graduate from college. Hopefully with materials online such as yours I can learn the basics of real-estate. Merry Christmas!
Thank you, I'm 6 and making 60 seconds per minute.
Hard Core best comment I have seen 😂😂💀
😂😂😂😂
Lol
lol wot
🤣🤣🤣🤣🤣
This video was normal until I went down to the comments 🤣🤣
hahahhahhah 19 minutes through the video and decided to see the comments and i have been laughing for the past 5 minutes now.... hahhah
Right so many negative snarky people with nothing better to do.
@@biggieshorty Lol
@@brillpalmer8349 I was 13 minutes into it lol
Okay okay, I was wrong. You guys are right. The comments by far in this channel are $$$. Not sure if they’re making it, but they’re $$$.
The cameraman must be a millionaire cuz I bet he’s learning a lot😂
Best one
Lmao for real he’s absorbing all this
I wonder why is he a camera man while he can immediately go and implement everything he said and get started
Jean Walker maybe he just simply loves his job. and who’s knows this just might be a part time gig for him
Successful people don’t tell the poor/middle class their secret to success, they seek the ideas of finance coaches to help build their wealth. If anyone here needs a good coach, here’s it..
I am fortunate I made decisions that changed my finances for the better (gained over 1M in 2yrs) through my financiaI coach. Got my 2nd house in May and hoping to retire next-year
Elizabeth Greenhunts
get to her with the name
Good I got here, thanks.
I was 20 when I realized that the recipe for success can’t be found in any UA-cam video.
nick ty lmao!
Any tips friend
I'm personally using *4NetJobs. Com* and it makes me around $400 per day. You can actually Sign Up for there. Thank me later. All you need in this life is ignorance and confidence; then success is sure.
@@schueller2145 400dollars a day for what?
@@schueller2145 pop m those 20 bucks then if your so sure of yourself
You guys are not realizing how smart this guy is he flexed his whole house by getting a drink of water and moving away from the noise ...........genius
Thanks. I have now retiered at the age of 13 and I make 1 billion a day
Wow so funny.
cyka
@@user-jc3ys1yc2n dead💀💀
wahaahhahahhahhahahahhahaha
Vladyslav Batsevych LMAO
I wonder if he's explained this to the cleaning lady
David Gomez 😂😂
Probably has 😂
Well I know a couple making $1200 a day cleaning houses and they own real estate. Lol
💀 😂
Lmao
step one: start with a small loan of a million dollars
😂
🤑
Yuge
Facts
😃 😃
Could have finished the vid in one room, audio was never an issue my man just wanted to show off his house lmfao
Its the fruit of his both hard n smart work, he earned it
Fancy seeing you here lol
That's the credibility part of his talk. You couldn't believe a word this guy says if he did the talk from one small room.
So u prefer reading novels instead of watching movie...
Lol wtf dude so random seeing ur comment
you can make a million dollars by snapping your fingers... ok Thanos
No, because if he was Thanos he'd be making half a million LMFAO!!!!!
@@yourmomsbffxd5725 lmao
I've been looking at all the hilarious comments and this one literally made me snort and laugh out loud 😂
Lol. It’s a smart video layout. Describing how he made his success while intentionally unintentionally touring his home making you want it more, so you keep listening.
didn't expect to see you here lol
Yh the only real estate I thought you did was in Minecraft
Wow why you here
Hey man take notes though, your a grown man playing Minecraft
Why would he buy an armour to have it just there in "His office". Even MTV Cribs didn't get to this level of fraud.
Beyonce's twins were retired in the womb
Loll
FDSGSGF
😂😂😂😂
man thats the best comment ive seen for the year hahah great one
Messi and Ronaldo's kids dont ever have to work if they tell them so
Instructions unclear I’m now $450,000 in debt and flex tape is the only thing holding my life together
the w lmfao
NOW THATS A LOTTA DAMAGE
Even that isn't gonna hold it together
LMAFO
lmfao
In a nutshell, he basically said "become a landlord"
He just explained what a housing bubble (demand, speculation and exuberance) is
I shall name my land kings landing than and they shall call me lord rico the broken 🤣🤣🤣
Thanks ma man, you da real mvp
My uncle went from poor to upper middle class, he use to drive a old best up van and work in tomatoes fields from 4am-9pm. Now he has 6 homes and works as a supervisor and buys nice things.
@@supermanprime1281 awesome...
Dude did whatever he could to show off his house lmao
Matt Mateya I would too with the success he’s brought upon himself
😂
Lol facta
I felt this when I realized he put that white board in his living room
That's not nice to say you know
“By my millionaire mentors” *RELATABLE*
One of them must be books in garage guy
@@itsthatbeeguy tai lopez
For all the people who value time, the video starts at 6:43.
Thank you
More like 20:12
thx
Thanks bro
REAL AF!
strange house flex but ok
Is that what that's called? "House flex"
💀💀💀💀💀🤣🤣
Yo stfu
perculiar house boast but alas
Who is watching this while people are fighting Corona😂
its not
We are all fighting Covid
Instructions unclear: retired at the age of 45 with nothing but my dog.
I don't understand
Bill Gates referring to the global recession back in year 2007 and 2008.
Hi
John wick
@@TaylorL3 r/whooosh
- Ok, here's what you need to do: you're young and poor. Buy a $150.000 house!
- Wooow thanks for the tip.
The Lion what is even worse is that the market changed over the years you can’t even buy an absolute dump for 150,000
The Lion
You can get an FHA loan for 3.5% down. And if you can buy a duplex and rent out one half for the total cost of the mortgage how is that a bad idea???
and indebt, only for 5k.
1. The house can loose a lot of value (if there is a crisis)
2. The rent can be lower than what you have to pay / month to the bank.
P.S: I generally would not take investment advice from someone that cannot do basic calculus in his mind.
The Lion you know it’s even funnier when you realize that it sound a lot like the housing crisis back in 2008 Xd
this is a house tour
I am so happy I watched this at 24. I'm retiring at 30 now, thank you Kris!
I am currently making 80k a year, and I have been living on my moms couch only paying 300$/month in rent, paying for her groceries, car insurance, etc. I've been saving 4k-5k a month and had no idea what to do with it! Now I know, I will start buying houses.
very smart!!
80k!!!!??? A YEAR?! A YOU A DOCTOR OR SOMETHING?
@@Kaiyats Nah I'm a highschool dropout.
I am a Network Engineer. You dont need College or Highschool to get into IT. Just need Certifications and connections. Interested? Get to it!
Eternity Tell me more
Just earned my CCNA back in Feb and your comment gives me hope :D
Video Summary: Buy houses and then rent them out.
That Simple
Bro im just gonna buy 34 houses and retire in 3.1 hours.
😂😂
Lmfaoooooo
U wild asf 😭😂do you wanna do passive with me tho?💀
@@CtrlGlo The first house will be on me bro, lets get it.
Ikr, I don’t get this
I am reading all the comments, and i understand why 1% of the people are millionaores lol
same
You got it!
Exactly
99% poor mindset
@MrMathiasdv loll
I’m 18 years old and I’ve been looking into stocks and everything because I know there is more to life then check to check living. You have just given me the most straightforward information and I’m gonna take it and run with it I really am! Thank you so much! I do have a couple of questions
instructions weren’t clear, ended up getting my dog pregnant :/
well then...congratulations I guess...
Congrats see a doctor
Sell the puppy and retire
@@TheItalianoAssassino I agree
Uhhm.. 😂
UHHM 😆
Oh no, my 5 year old saw this and is planning to retire in 2 years!!!!
😁😁🙏
impactajuvenile 😂😂😂😂😂 dead!!!
Lmaoo😂
Hahhaahahaha
LMFAOOIOII
he's explaining how 2008 Financial crisis happened
also i don't know about US now after the financial crisis but here in Europe the banks don't give you a 3rd loan if you haven't paid off at least one of the 2 loans you in
lol well american banks dont care, they just increase your interest rate. They dont turn down money in america
FACTS
oh god this made me laugh so hard... thanks man 😅
lol i was thinking about this too
Step numer one: you need a house with basement.
And a family that is willing to live in that basement whilst paying rent that costs the same as the mortgage. And you have to buy the house for $40,000 less than what it's actually worth 😂😂
A duplex home, rent the other house
@@Anonymous-xr8hx Or you live in the basement yourself and let the family live in the rest of the house and let them pay more.
@@stanlegebeke6300 yep or if you have a 3 or 4 bedroom rent out each room
never take advice from a guy wearing sandals with pants
Daniel Mendoza hero is not always wear capes sometimes they're wear sandals
ENGRISH
I love by this rule
cesar gomez no reegrats
he's way underdressed for the luxurious house he just showed us...i call scam
"I retired at 26!"
-Guy who is currently making monetized UA-cam videos and trying to sell a book in his 30s.
Kalsiddon did u not just listen to what he said? Multiple incomes man
And this is why you'll never make any money. ITS YOUR MINDSET
re·tire
rəˈtī(ə)r
verb
1. leave one's job and cease to work, typically upon reaching the normal age for leaving employment.
Sorry, but unless your other sources of income are passive, you aren't retired until you STOP WORKING. That's what "retired" means.
Kalsiddon your definition of retire is different from him, relax mate. I think the definition of retire for him is that youre making passive income as a source of your income and not from active income like a 9-5 job
Kalsiddon passive income isn't employment
He just wanted us to buy his products so he could pay off his debt. lol.
bo zhang I'm sure there's at least a bit of truth in what you've stated. Because it's an all-too-common story.
Lmao
he just told u how to create wealth.. what did u buy?
I saw this video in March 2019 when I had nothing. Today I have a whole empire!
You guys are looking way to deep into it. All he's really saying is acquire assets that generate monthly cashflow and repeat this process over and over again to scale your income. It doesn't have to just have to be from real estate. He used real estate because the area or city he lived in only required him to put down $3500 or so which is more than capable for the average person. Knowledge and research is key.
Exactly
dasharpshoota22 and then the housing market crashes and rip suicide
I'd say real estate is the best method as you can easily use leverage to get it without too much risk, while if you use leverage for stocks that fluctuate a lot you could end up in huge debt. Also if you buy a house, you could demolish it and build a small block of apartments and increase your cash flow by 4-5 times without the expenses of actually buying 5 apartments..
Well thats how interest works
Xenogenesis when the market crashes property is on sale! Time to buy, buy, buy! This up market sucks.
Thanks for all the advice man! I’m now currently retired at 15, earning £200,000 a month and living in a 5 bedroom house.
wow that's great . can you teach ma how you did that ?
how do you live on such low income?
Krenzy
yeah living with yo momma!! 🤣🤣
🤣🖕
u married tho?
despite all these negative comments and reviews I am inspired and will take every bit of knowledge I can get. Thank you.
At least some one got some respectful for that man
Yeah this was great
For real. I read the comments and it’s all negative. How tf are y’all negative bruh this is the most useful info ever
@@tresboiconrado9226 frl it is really really useful I love the effort that he is trying to show towards the public but some retards are blind to see his hard word🤦♀️🤦♀️
The Tayo Cook Show I called it getting into real estate, where you could get value of the houses and sell them for higher prices
I am literally 20 and don't have anything and with your plan I'll have something in two years I can feel it in my bones this stuff is inspirational
How did it work out?
You are the man!
Learned more in 20 minutes than I have in 6 months sitting in a lecture hall at college! Thank you
I went to his site to get his "free book" and it cost $8.
Kris, please explain.
1 million buyersx$8=not bad at all 8 million bucks
Bruh I haven't bought a book on years using this one simple trick.
Crime.
Pirate the book.
supercomputer2004 fam u 14. Watchu do? Moped their kid?
$8 is for shipping. The book is free
Im crying yo 💀💀😭
Instructions unclear, now in debt 300 000 $ !
Seriously?😧
lmao no he kidding
😂😭
Hrvat?
@@antonzupic8264 ufufuf...Srbin hahahhahahahah...ali nemam nista protiv hrvata za razliku od velike vecine moje zemlje
"There`s no luck to this... my 3 millionaire mentors..." uh huh
Josh Harvey bingo
So find one. You think they just came and knocked on his door and said let us mentor you? I come from the mississippi delta no millionaire in sight. And ended up surrounded by them because I wanted to be and found them.
i only came here to listen to his flip flops
Rayane Kab 😂😂😂 I’m glad I’m not alone on that one.
😂😂😂😂😂😂
😂😂😂😂😂
Rayane Kab Word! lol
Lolz.
"So what you do with your credit.. buy a house, buy a house, buy a house. I'm sure you can see the pattern here?"... Yeah, it's called a housing bubble.
Telling people to buy a house late in an economic cycle (Anytime within next 30 months we will have a recession), if they lose their tenants, how you paying for those mortgages?
Number 1 rule: NEVER INVEST MORE THAN YOU CAN AFFORD TO LOSE
Jamie King never invest 10 % more than what your actually worth to be exact
Yeah, but he’s talking about houses that are bringing in $600.00 a month, so he’s talking about lower level housing. Even in a recession this is probably the safest way to go.
Lol
Jamie King Finally someone that has common sense around!
Your wrong , my old landlord and mentor has 5 property for a total of 16 apartments and is a millionaire , all he does is whatch over them and collect rent, as soon as one is vacant , fills it uo quick. Actually sounds harder than it is, ive personally whatched him grow since i was 8yrs old. Now im 30 just bought my first property last year and going on to the next , a lot of people give there opinions on things theyve never done. Becarefull who you listen too.
What about property tax? Maintenance cost? Utility bills. What happens when the housing market bust again?
"I need more father-in-law's!!"😂😂😂😭
My newborn plans to retire in 9 months
Joke's on you my son planned his retirement 9 months prior to his birth and came to the world retired.
#1 rule- don't buy a hybrid BMW supercar that depreciates 65% in 5 years?
Don'r even call it a supercar.
Its called leasing my friend
"supercar"
#1 buy whatever you want because youre a millionaire
i8’s are decent tho
Am I the 1% of people that actually took this information in like seriously?
LOL what ? Why you assume only 1% took it seriously ?
@@BigballsTerrence probably because all other comments are people mocking the video
Yes
No you're not the only one what he said is very knowledgeable
I've found this video informative too.
Thank you Kris! Great advice! I listened to your advice, bought my first undervalued property with equity and now considering step 2 and buying my second property 🙂
cute, for a sec I actually thought I was gonna be a millionaire by the end of the vid...back to reality ig
😂
🤣😭
🤞🏾😂😂lmaooo
It's Shaun 😭😭 me Af
😂😂
my health is my wealth , i give thanks for it everyday and i am so happy
No, no, no, you look from a wrong angle. My skills is my wealth, my wealth is my health or how xzibit said "you don't work you don't eat, you don't eat you get weak, catch a fragile physique"
Literally a 20 minute flex
He can't live without 10s of THOUSANDS A MONTH
While actually flexing without even trying lol, but got to hand it to the guy
@@Mav0585 he is def trying way to hard
The need for setting outside multiple sources of passive income is more than necessary as a growing man looking for a fruitful life, nothing could be more worth your time, it’s never too late anyways
Stocks
ETFs
Real Estate
FX
I went all in but it’s been worth it, though rocky at the onset but turned out pretty well
Well said allow me make you digress a bit but it’s a common phenomenon that going about investments such as this Especially the trade market as a header leads to loss as it takes years and years of mastering to get skilled in the art. You willingly did all this, then there must have been a long time of distress for you
True
As a newbie it’s best to do what a student would do. Get help from tutors, I would say I was lucky to come across one just as so, on the contrary I’m not making it solely, with his aid and assistance I’m getting profit while I also learn
You wouldn’t try to fix a bomb when you never practiced, it surely blow up in your face
And then you have me... watching UA-cam videos in my bed
Jonna fraser me right now
same
Jonna fraser same 😂😂
Dont feel bad, I rank this spluge with sinners aaaand tax collectors.
Jonna fraser that’s what I’m doing right now
This is just a very long ad with absolutely no specific details er info
thanks for saving my time
Its not hard to understand but then again i got a RE license and my families are brokers. Read a book or not idk its verry simple . my mom has perfect credit
Would you like me to simplify it for you? 😕
I would appreciate it if you do it mate :)
thank you
Instructions not clear, got into debt and have suicide in mind.
thats good you did exactly what he wanted
Lol
😂😂😂 you also have 69 likes
its almost impossible to make money without borrowing it first or having a sponsor
DynastySheep I was pretty sure if I invested in other people selling me hope, I would become a millionaire. Instead I ended being a billionaire by lucking out & winning the lottery. I am now retired in my 20’s.
He talks to the camera how a loving father talks to a son.
25 houses but my man can't get a fresh pack of markers
Andd....... this is how the subprime 2008 Financial crisis happened for those that don't know
Kk L i don't ever ever leave comments but the sub prime collapse was caused by adjustable rate mortgages you effn moran.. sorry...
Joe m noted but its also people remortgaging their homes 2 or 3 times because banks thought house values will always go up
When the economoy over heated people cant pay out loans then boom banks loses x3 their money on a single home
Thats one cause of many which this dude is doing
No it's not
Variable rate mortgages issued to underqualified applicants en mass actually led to it...
A down turn would obliterate him yes, but simply renting out highly leveraged properties won't collapse the economy. As long as the rents paid, it's cool.
If rents drop, or vacancies come around he's got slim margins. This isn't at all how it started, but a noob would make that mistake
Nice way to invest i must say,The earlier you invest the earlier you know benefits of investing
is it better to invest in forex, stocks, or real estate?
@@ilovecheesecake516 real estate, duh.
15:08 i need more father in laws, so guess what i did.... I married 6 more girls.
You guys are crazy 😂
Reading this comment on that guy voice 😂
Lmao
You wanna know how I got rich? "Knowledge"
😂
*Knawledge
your so funny
My mans can't even park a car
i guess you can park any way you want in your own property
I mean if your cool with your neighbour parking his car halfway across the road then sure man, by all means!
Connor Deigan if it’s his own drive way, then it’s none of my business how he parked
Edit: just rewatches that part, yeah, he can’t park
exactly bro XD it's not even in the driveway hes still on the road is what im getting at
he owns the road too
He's asking us to no longer have steady income and just hope the real estate market does ok. Also cuts off clips but not when he changes rooms to show off his house. Please don't retire at 26.
I’m 27 and haven’t retired yet... shoot I’m one year over my retirement!
@@chrisbumw The real question is do you currently own a BMW i8 convertible?
Matteo Gian : I currently own a bmw 335 coupe
@@chrisbumw Still got ways to go my friend! Closer than me tho I have a Civic Si lol
Patience and discipline is the key to recipe to do investing successfully, this is what Mr Sanjay Otter will always say. Thank you sir for your mentorship.
Pro tip. State your point and give details. Then AFTERWARD give a counterargument and explain why your option is more effective. 5 min in and I'm bored leaving your channel.
2.5min :D
True, he can be a millionaire but never a UA-cam millionaire
Vaedyx III bro, how do you have the audacity to judge and call yourself a professional? Professionals EARN money from their actions and content. Your channel is straight meme playlists and choppy FPS gameplay
I brought a house and tried doing it, I’m in debt of 120k now. I need help please
Aaron James rip
Aaron James F
Lmao dude
Aaron James oof
Aaron James that’s tuff
It's patched guys! It doesn't work 😂😂😂
shoudntve updated
Jon Cena has joined the chat
🤣😂😂😂😂
Dead
hmmmm..u just need to be focus and positive guys.u will not even know the outcome if u don't try,.or do u have something better to share..????
This is so amazing your content is fantastic, I love how your so straight forward and actually give out the knowledge for true success witch most people are not willing to give out. You are a true motivator for this industry Thank you for your consistency in fantastic videos.
All these people in these comments probably still 26 and living with they mom and dad, working a 9-5 job
You know Who it is ..I’m 25 actually and work 8-5 😂
Kkkk
No u
What's wrong with living with parents at 26?
You know Who it is. Let me guess...mlm sucker who is struggling to find more suckers to join your “team" and struggling to sell your “products”?? Cause' I find it interesting people like always mention working 9-5
You bought 10 houses by senior year in college?! Bro, did you buy your first house in the 5th grade?
He did partnerships man
😂😂😂😂😂💯💯
Did anyone hear vacuuming? I didn’t
Its pretty possible
yeah very possible
This guy is spot on - he is using the equity of each home to purchase another - each one will be cash flow positive to make the purchase of the next one possible - every young kid should watch this- thanks Kris
Parasites, speculators, and professional landlords are the whole reason the housing market is fucked sideways throughout almost the entire western world.
For every one person like this guy, there are now 20 that will never be able to have their own home.
This is a huge part of the reason why the 2008 financial crash happened as well.
Now do a stress test simulating a 40% drop like we saw in '08 and see how far in debt you get.
The fact that this guy is leading to an ebook sale at the end of the video says alot about how much he's actully making
Nah that’s what u call brains...£50,000 from the video which leads to more people watching and I’d say £5000 from ebook sales maybe
This model is great until the real estate market colapses...
Tormund Giantsbane and when it crashes you buy even more!!!!! Wait on those foreclosures.
if your an investor that's when you get homes on sale
Tormund Giantsbane that’s what I was thinking my grandmother used to do the same thing in California until 2008 when the market collapsed
Tormund Giantsbane the day the real estate market crashes is the day we are free of debt
If you have capital when the market crashes its an advantage.
I'll also give you a life tip. first of all you don't need any money, then get into med school and finish it. Then become a plastic surgeon and open a clinic in beverly hills. And thanks to this method you can now make around 10k a day and you don't even have to work on the weekends.
that's what this video sounds like, buy a house which is worth 150k for 110k but he doesn't say how or what type of situation should you look for is the house in auction or in court or whatever...you can also buy a 200k house for free yes and that will give you equity. but HOW?
haha right. he says he put $3500 down and then had 40k of equity. What?
This video should be called house tour.
TrollOps69 😂
I’m 17 years old and I’m gonna start studying on how to invest and this plan , I’m gonna retire at the age of 24
Jayc u can do it, i know u can
Facts chief do u
Jayc do it cutie pie do it
NOOOO THEY ARE SETTING YOU UP FOR FAILURE 😂
Denzel Lol not really this is a perfect story but it can be done as long as the housing market doesn’t crash
So you made $12k/month from renting 25 houses. I guess costs just don't exist in your country and you didn't have to pay a single penny to absolutely anyone?
Thats the income without expenses...
Yea I wonder what his total mortgage expense was. Doesn't make sense. They weren't all free and clear
He did his research and bought the houses below market value. He didn’t sign on unless he knew that he would profit on equity. This can blow up in your face if the market in the area goes stale. Usually people buy houses to live in them for years to come and they don’t really put up too much fuss about 40k if they want it bad enough. Again it’s fuckin risky. You can end up stuck with a bunch of property that’s underwater/not worth what you put in and be fucked for life.
there always be a risk right
Cash flowing $500 a house is a realistic average for a savvy investor.
Bro I’m 12
Best time to start... Bro.
But really, start thinking big man. The earlier the better, seriously.
😂
Retire at 15.
special_K 😂😂😂
Antonio Garcia i wish i was thinking and exploring things like this at 12
"Get your hands on a house". Sure, I have $150k laying around.
😂
Town homes in my area are 250k lol
You just need the downpayment, wich you can get a FHA loan will be 3.5-5% of it
Obviously you don’t have 150k laying around but, you don’t need it either. FHA loan is 3.5% down payment. So if you can afford to get a duplex or fourplex or even a house with 4 rooms rent out the other 3 rooms while having them pay your mortgage and make 200 extra month. That’s a start. Let’s say the house is 150k.. 3.5% of that is 5,250 let’s make it 6k for fun. For 6k you now own a home and are making an extra $200. It’s slow but it’s a start.
It’s called a loan
Professional guidance guarantees a better turnout than a blind approach, I invest well in Stocks, ETFs and other financial commodities working with an executive trade expert. So don’t let soothsayers fool you
That’s undeniably true and applies to all fields, every giant rose from the shoulder of another great. Iron sharpeneth Iron
You just said it all, exactly on my thoughts... shoot for the stars ✨ aim for the moon and you will keep going higher. I work with the best that why it’s easier, Mr Bruke a trade expert
Eddybruke .info
Thanks for sharing this and enlightening me, I would hop on it also
So you're deeply in debt to start. You don't explain how/why the bank financed a kid the money to buy a 2nd, 3rd, 4th mortgage while not paying off the other houses while still owing at least 97%. Your residual income on rental properties doesn't make sense. The interest you would have been paying is killing your bottom line. How much were you making at your 9-5 job before you quit? How much of that rental income were you putting back into the property, or were you running it like a slum lord, not fixing problems? What happens when the tenant unexpectedly leaves and now you have a mortgage that you can't pay because you owe money on a house you can't occupy? Getting into debt this way and thinking you are rich because of equity is a proven plan to fail. You may get lucky and like you said, "Nothing bad ever happens" and be able to get ahead of the debt, but this is why the housing market crashed, why people and businesses file bankruptcy. You can't prove that you own any of the things that you were showing off in the video. Scamming young impressionable people....shameful.
if you fail you can become a cocain dealer like the new pablo escobar hhhhhhh
This comment pretty much verifies that I am not crazy for having these same questions. Lots of holes in his story.
Thanks for this comment, I would like to hear what he says about it.
b888 that's what I'm here for haha
Abel Stose thankyou
I now see 😀 the people who disliked this video are the smart ones 🤧
Limitless TV can you drop the link to this Airbnb I’m trying to rent the same place for a day and make some videos so I can flex just like you did in this video
Harvey Lopez 😂😂😂😂
Hahahhaha bruh you're comment has me rolling on the floor.
Lil Taying on it!!!
Hahaha
Harvey Lopez I've became a millionaire watching this guys blueprint
So glad to find this video! It was in the back of my mind for a few yeard. It changed my life! Thank you so much!
It works until people stop paying rent.
Jay S
Legal process to evict might easily take months, and if they're not paying rent already its unlikely you could sue them for any losses later because they ain't worth a damn. Till then you would easily be thousands of dollars in debt from unpaid loan payments, now what? Suicide?
But if that houses will be in some good and bit Nice cities that means people will dont stop paying rent but If They will someone else will come in.
matyas Before that "someone" came in you need to deal with the current tenant. If the tenant's not moving you are in deep trouble. Getting time consuming legal procedures and rent stops coming and you start loosing money.
That would never happen
Have a process of finding tenants that can actually pay on time... Yes it might take longer to start getting money but at least you'll have a tenant that's paying on time without committing suicide LOL
35% Truth 65% Fairy tale/ pyramid....
How that a pyramid?
Chef D'barber real estate is lucrative if you know what you're doing.
Chef D'barber 6
The hard thing is just finding ways to monetize the houses
I’m 14 and my dad is a real estate investor just like him. Literally all of this is true you just have to have the right mindset to make this happen
I didn’t hear any vacuuming in the video
I heard screaming
He's trying to show of his house
Agreed. Investing in yourself is the best way to go!
I don't know why his maid don't watch this video, Even that camera guy
.......???
1-minute Tips they know he fugazy
😂😂😂😂
loll
😂😂😂
1-minute Tips haha exactly my question
95% people watching this video won't earn just because they won't start.
You are correct.
Jeet Sharma
i don’t know how to ;-;
Probably higher than that.
let's make 99,999%
@@alesancoeduard8947 sooooo 99.9999999999999999999999999999999999999999999% true 😂 😂 😂
I’m gonna give you the blueprint....these three rules .... yeah I’m rich , I was poor ... buy a house 🏠 flip it . Keep doing that .
You are like one of those math teachers that can talk to your mouth run dry and show me 20 different ways to solve one problem and I still don’t understand it 😂💀
That was funny lol
Anyone who starts talking about millionaire mentors is just a phony
YaBoi Vega agree lol. Seen these speeches Sooo many times
YaBoi Vega it’s sad how small minded you are.
Jonny Blanton did you give money to a dude with a suit of armor in his office?
Positive Male
Using his own analogy, he started being like his father-in-law and now shows other people how to do the work and he earns passive income from their deals. One person can only do so much.
Jonny Blanton Says the sad idiot with a small mind.
I don't care how much people are hating on this video I want to learn please
Same here
BROOO! I bought my first home at 21 following your steps while still in college I bought it for 120k worth 150k. Im almost ready to pull equity to buy 2nd home to rent out! your changing lives bro! thank you for putting me on the path of success!!
Did you really?
Wow that's awesome! Keep up the good work! Glad I was able to help.
Yes sir, you can look at my channel bought my house at 21
Awesome! The 2nd home that you buy, you'll have to take a loan out for it as well right? How will yu pay off that loan?
yes so I will take out the equity. Either equity loan or equity line of credit and invest in 2nd home. The way the loan will be paid off is through the renters. Its a numbers game. So if you play your cards right you can have $500+ a month coming from renters after bills and a portion of that going to the equity loan so you never have to pay it out of your own pocket and as long as you bought the second house like you did the first house walking into equity you can repeat the process over and over.
I don't care what other people say on the comments but thank you Kris for opening the idea of real estate to me. I live in a country where the "Society Plan" seems like the ONLY plan, and I can see that it doesn't really work out well for them. I plan to do real estate while having my job when I graduate from college. Hopefully with materials online such as yours I can learn the basics of real-estate. Merry Christmas!