How To Buy Multiple Investment Properties
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- Опубліковано 28 вер 2024
- How do you buy multiple investment properties. This is the big secret to using real estate to build real wealth. When I bought my very first house, my mentor taught me to do 3 specific things. I followed his instructions exactly.
Because I did those 3 things exactly, I was able to buy a second property, and a third, and a forth. Watch this video and you'll learn what those things are, and learn from my experience.
If you go into real estate, you want to do it right so you can buy multiple properties.
Watch and Enjoy!
Kris Krohn & Nate Woodbury
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Video by Nate Woodbury (The Hero Maker)
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this channel is a hidden gem. i'm 19 and i wanted to get into real estate but i had absolutely no knowledge about real estate until i binge watched every single one of your videos. i look forward to becoming successful. thank you #TMT 50-0
Glad you found the channel! Thanks for your comment!
Me too limitess u R the best
Same
Haha 50-0
Willy Wilk I'm 14 and I'm also learning a lot
My 17 year old son showed me this channel. Thanks Kris for the content
This video is on point. I just purchased my third property. I rent out two and live in the third one. All three homes are 410-565k Worth. The heloc help flame facilitate funds to purchase my next home. I only used a small amount of it. Now that I own three it’s not a bad idea to partner with a family member and purchase another home as a partnership.
Helpful comment .
I just bought my first property at 26. I am going to take your advice on leveraging equity to purchase my second home. My biggest concern with partnerships is that I don't feel like I can trust someone enough for that.
I’m a 24 year old jack of all trades that didn’t know where to place my focus. I think I’ve found my purpose. Thank you for your videos!
I’m sure you are
Master of none
Ruthless but funny comments
This is the video that started it all for me. Thank you so much!!
Where are you now???
Yeah, how's it going over there??
Where are you now?
@@twincherry4958 heavy into the stock market but plan to have rentals and airb&b's when I have the capital. I dont agree with how he does rent to owns so wont be following his program.
@@chillfalife9033 got it
Im 13 and you have got me into dreaming of being as successful of a real-estate investor such as your self. I have literally written down pages of steps and notes that you have given. Thanks you
You’re 16 now
Same here.
I’m 25 and getting into real estate has been something I’ve been thinking about for awhile. I can say I have 2-5K to play with and I would love to get something started.
I told my father that I wanted to start investing in real state and how i wanted to start building my credit and contrary to what I expected he told me that he has been thinking about doing it too, and partnering with him would be a great opportunity that not everyone has, he has worked really hard his whole life and now he's in a point where he has his own business, but he's self employed and wants to retire. This chanel is giving us the opportunity to learn about this world of opportunities that he never knew about, and I'm barely learning of. I can only say "thank you"
I have 400k in equity in my house how do I invest
@@albalinares7047 use it as down payment to buy real estate
Because you thinking far, looking deep, and doing big, all of those help achieved your big dream👍
Strategy is the key element to of a long term successful trading. The problem is that most traders/investors just want a strategy that works, whereas they forget the need for consistency. You can keep making wins at the beginning for a period of time and later you start making losses towards the end of the trading period or even at half-way. This result from little or no attention to the need for sustenance and consistency with the prevailing market structure and trading without comprising your initial investment. When you invest with Kevin Hermen you will understand the importance of consistency with wins as regards trading online.. Trading on your own might not be suitable especially with less knowledge. All you need is an expert like Mr. Kevin
How can I reach him please?
@@nunyabidness5508 He can be reached at Whasapp for professional assistance on account management
@@nunyabidness5508 +1 (6 1 2) 4 2 4 - 2 2 7 1
Mr. Kevin is really the man for the job! Tested and trusted. I've made more than 78k since I started investing with him
@@nunyabidness5508 have a conversation with this *hobbe_duke* on instagram
I'm an investor also. Currently closing on my tenth property. Gonna have to figure other ways tho fund after this. I'm a fan and thank you for your videos.
I know this video is old but did you change the battery on your smoke alarm? Lol
What way did you make it to 10 properties? Buying equity built in, fixing up or just waiting a long time between deals?
How did you get the 11th property?
Oh all work and save and 20% down.
@@wendellmarasigan4028 Just the same way then...Ok. The banks didn't give you a hard time getting the 11th ?
I think I’d be happy renting just one or two homes. We’re just now moving into our first home.
Don’t settle! Leave your job. Find your definition of life. Break away from the chains. Spend it with the people you love.
My 1st video from your channel. Subscribed. Will binge watch after work today.
You remind me of the wolf on wall street with the amount of passion and urgency in your voice
Great advice. The use of a credit card can truly change someone's luck.
Change the battery on your smoke detector!!!
When you want something done, don't do it yourself. ;-)
It took me half the video to realise it wasnt mine... (wearing headphones)
ODST626 same... 😆
I got crazy anxiety thinking it was mine..
Exactly. I was going to offer to partner with him but if the clown can not even manage a smoke detector - life and death object - then I'm out.
If I partner with someone on their credit. How do I secure the home with my LLC to protect my assets?
Hi Chris, my wife and I are pulling out of our 401k to put on a down payment on a first new house for my young family, will finish in May 2018. We’re withdrawing partial this year, the rest next year, to avoid the higher tax brackets. We’re hoping to reinvest (but not sure in what) to offset the costs and hopeful to get a good enough return by the close of escrow. We’re not experienced but have been wanting to start. Can we partner with you to invest? Btw, I love that you’re LDS, we’re LDS too and you’re doing a great deed through your channel. Thank you for your wonderful service.
You are very inspirational you are a very positive person and I have learned a lot
Could you give some more detail about your real estate partnerships? So someone else is paying the down payment or do they put up more than that? And what’s your position/role and how are you compensated?
Or do I have to sign up to your classes to didn’t this out? 😀
What documentation did you have to show the bank to prove a certain amount of rent was coming in from a certain property?
Hey Chris ! I'm 19 years old and not quite in the position yet to start by homes or obtaining lines of credit, but I'm just trying to get ahead as much as I can. Could you explain how you actually keep track of you gains and losses for your portfolio to show others. What does something like this look like?
You nail it! We need a partner with the same ideas and trust!
Wow, that was very helpful. Thank you
Is this the same as owning several houses in different states as vacation homes?
2:19 no problem
Change the battery in your smoke alarm. Lol
Thanks for your video. Can you let us know, what real estate investment software you are using? In order to keep track of Mortgage and Property Payments + Rental Received? Thank you.
i love your channel! :) Although my dad and I are gonna invest in the market in Spain, but your info in this video was gold! thank you so much for sharing!
W/h/a/t/S/a/p
•+1•9•087•9•3•8•90•5
Are you allowed to rent out a home whilst paying morgage for it??
Yeah the thing dont understand is lets say you buy a house for 100 k and you need to pay for it every month for 8 years, you have to pay for it then with the profit from rent buy the second one. It woult take lots of years to buy multiple houses.
Well the average house is around 500k here where I live and the minimum deposit to get into them is 20%. That's 100k to save up.. if that's not hard enough then you will need a minimum deposit of 40% for investment properties.. so not easy now. Maybe 10 years ago when minimum deposits were like 5% and house prices were way cheaper.. definitely can't do that now
There are first time home owner loans that do not require the 20% down, you need to speak with loan officer to find out your options. One thing he does not talk about is that with those loans there is always a PMI or private mortgage insurance. If you are military or o vet. you can get a mortgage with 0% down and no PMI.
Try getting a cheap house with Equity
Wtf does he mean by he uses equity? He uses stock in a company?
Move somewhere else? Where I live you can buy double unit duplexes for 100- 125 K both units bringing in a combined rent income of 1800$ or so. Pay 10% down, 10 grand and only pay 600 to 700$ a month for mortgage
@@ve2430 equity is the difference between how much your house is worth and ho much you owe on the mortgage. For example you owe 80 thousand when the house is worth 100 thousand so you have 20 thousand in equity.
Cris, you have really motivated me to get into real estate, so thank you for that! I have one property that brings in $1,200 a month cash flow. I have equity in that home and want to get another investment property. If I get an equity line of credit, whats the best way to pay that money back? Thanks in advance
Chris, the object is to use the funds from that equity line, to increase your assets and cashflow. Yes you've have a payment on that equity line, but not that much. The rental income coming in will cover the mortgage and heloc. Then when you purchase another property, you'll also increase in your cashflow. So now you have more equity, and the rental income from the new place is covering the mortgage of that one as well, plus providing you a surplus of a few hundred a month.
SO, You share the mortgage Instead of offering partners Intrest only?...How does that work, when ALL these houses are not Totally yours?...Thank You for Sharing!
This is my wake up call thanks
so you dont finance purely with equity you need partners?
how did you buy properties in your name or using an company name i am new in this i have properties in my name just created an LLC still have some questions
Thanks Chris. I am your new subscriber.
ARE YOU A REIT COMPANY? HOW DOES A PERSON INVEST?
Hi thanks for the knowledge you share with the world it's really priceless... Can you do a video on purchasing a bank sealed property as their equity value is very high... Your advice please
Hi I'm 18 and I'm from India
You motivate me to start and get into real estate. But the problem is in only 18 and have no investment to start .Can yo please help me out in any way ?
Thank you
Harshith
Can you please tell me if what my bank told me is true. They told me that I have to wait 13 months to request a equity loan. I bought my first investment in September of 2021 so I have to wait until October of 2023 to get a better equity line. the house that I bought is foreclosure property. Also they told me in order to get investments loans I have to have at least two years of taxes.
How do you set percentage on the property? Using the partner credit line to get the loan, then you add your name in later? He has 50% and you have 50% + your experience? How do you get pay for your work? Thx in advance.
Man, this is great advice
With that HELOC that you took out. How did you pay that back in an acceptable time frame? Did you also use W2 income as well as the proceeds from rent? I don't want that HELOC tied up for 15 years. I want to use it again ASAP.
You are great at making these videos! Keep it up! 😁
Thanks you sir for doing what you do to help people achieve their dreams . Im way up to quebec canada and i think im one of your best fan . You motivated me and my family to change our bad habits et think like you or any other successful people . I look foward to go to one of your seminars in utah . Sorry for my english . French is my primary language but i manage myself well in english too . Well enough to understand your videos that gave me the spark i needed in my life . Thanks a lot mister kris
You are so very welcome. I look forward to meeting you in person. When you are ready to travel here, fill out the form one of these videos and I can hook you up with a discount ticket.
Great information thanks I’m thinking of buying my third house just waiting for my credit to improve to a 700
When I see a housing ad that says Semi detached 4bedroom $99k, how do i know its the actual value or the purchase value?
Pay a property appraiser to go over there and read the property appraisers report .
You are awesome
Thanks for sharing
wow chris what drives you to help people who are willing to be successful
Say the bank is asking for 5k but you have no credit can’t you give the bank like $10k than they’ll let it slide?
No they won't. If you give more down payment doesn't mean the bank will ignore you bad credit.
Can credit help the bank own housing
How do you set up a partnership? How do you structure the payout?
what ever both parties agree on looking for a credit parthner myself with 50/50 profit split. I handle manage tennets an labor
Do you have to pay the amount back?? And is this a heloc?
If a person have a bank mutual can buy another house (if working gain 1000Euros and the mutual is 650Euros per month for 12 years)?!?!?
So I don’t understand Kris. I own a house which I rent two floors. I bought it for 66 now is around 120. I want to move forward and buy my second one. Should I refinance or should I obtain a second loan and pay the 20 percent down. It will be great if you can advice me.
So you bought your first house about 35k dollars below market? Did you have to renovate? Please elaborate
His strategy is super super high risk May be high reward but you can so similar with less risk.
How do you handle property management?
Chris, would you run into the same issue of partnering if you were buying apartments or condos? If not would that be a better strategy?
Loved the video but FYI change the battery on your smoke detectors that beeping drove me crazy lol
Can you still use a HELOC for the down payment?
Articles I've read seem to suggest banks don't like the use of debt as a down payment anymore.
The way u say it ... "a piece of cake", wow, that's cool.
Do you do all this under your own name or a LLC?
Wats the link on how to partner with someone 🤔
Is any of the people watching even done real estate ? .. just a question wonder how many will actually do it in the end
i own one investment property now this info is highly relevant to me
How can l a second property with 2000
Are investors like you willing to pay the down payment, for a percentage of the profit made by renting?
Chris, How different is this from a REIT? Im ready to move on this. I owned a house and sold after two years +50k. I now own a duplex and can net 12,640 a year. Looking to get into the third 4th 5th +++. Can we speak?
Thanks for the advice.
You're welcome!
Can it still be done the same way in the UK? because over here it can get expensive.
Awesome advice
I want to buy a second property but the bank asked me for 25% down payment. No 30 years on investment property, only 15 years.
Ok but can i buy a house making 24k a year? Kinda impossible here in nyc.
Yeah, u gotta find another way out.
So basically I can do this with a duplex????
question on this home equity line of credit when u said u used that too buy your next investment property , how much did u exactly have to use ? all of it ?
@Zachary Siebenlist the whole equity line or portion
kris how did pay the mortgages every month? for 2 houses
Does this method work in countries like Norway?
Trying to get another home but they want 20% how can I go about that ?
Probably because it's a investment property. There's nothing you can do but cry.
I am interested. Love to talk to your team about my options.
Ok awesome. I look forward to chatting. Use this link to see which option is best: limitlessmentor.com/TV/index.php?id=comments
3:26 ...you could've bought a 9 volt battery...
What does it mean to put money down on a home?
This is the down payment.
Thanks great 👍
How about Canadians and Europeans? Can that work as well?
Your awsome brother keepup
How do you remember who all to pay? I would think trying to pay 100 different partners would be hard? How do you sprt that out? Im not saying its dumb im asking because i have every intension of doing it!
Do I have to wait 2 years to get equity?
I would really like to get started on real state can you help me
So I'm 18 years old and have had my job for nearly 3 years now, and I've been thinking about getting an FHA first time buyer loan and buying a duplex and renting the other half out Because I half to live there for a year before I can rent out both.. What are your thoughts on this idea?
Yes, you are thinking the right way. Make sure, make sure, make sure, that you find a property that you can purchase at a discount. It will take a lot more work to find it, but it will make a world of difference.
Limitless TV Okay, will do thanks
Me and my wife just brought a house for 315,000 and it appraised for 380,000, how long after buying the house can I use the equity to purchase a second home
hello, I LOVE your videos. I have been watching your videos and I wanted to get in real state. Me and my husband have been searching for houses to buy already and we need your immediate advice please. We are in located in Pennsylvania and we found a house for $60, 000 and we want to buy it to rent to college students. This house has 3 bedrooms and is walking distance from York College, PA. We rent an apartment right now so when we buy the house for $60 000, we are planning to stay there until we find three renters and in the mean while to look for our next house. is this s good plan ? we really need some good advise
How is things did you go through with it..
would like additional partnering information.
where did you find your mentor ??
I feel you but can you please explain to me after moving out from your first house and buying a second one and you didn’t leave in it , where where you living Sir , please answer????
Great question. Have you watched this playlist? ua-cam.com/play/PLWWMFdKhGQUN05zy84xfimKRTRhJYrI0-.html
So basically after my third home, I need to find somebody to partner with, then after another few homes I need ANOTHER partner, and so on? Or can two credits combine and get you a 10s of houses?
Yes, a partner can be a partner on multiple properties.
Can this two year job be your own business?
When using the home equity line of credit as a down payment on your next house, what would be the best way to pay that money back?
awesomeali102 with cash preferably
awesomeali102 careful with this strategy. If it backfires you can go very very broke
CTdrowning what do you mean?
Andres Franco it's a long loan that usually starts with interest only payments. If renting falls or home values fall...you lose everything. Warren Buffet says warns against to much leverage all the time. It is up to each individual to manage this risk.
Im sorry, but you are confusing a home equity line of credit with a home equity loan.
Kris Con I mean Krohn
Priceless information, I'm investing all I can do is 240 a month and I won't ever give up
240 per month is 25 k for a year . You are definetely on the right path .
@@c0583094 check your math, dude. It's 2,880 over a year. ???
@@Fizyxx it was sarcasm
@@c0583094 I don't think you're cut out for sarcasm.
Oh u can think ?
Really I can't understand