I remember in 2009 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most of us find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The consistent US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
I'm 18 and I am starting to get very interested in real estate now. I have learned a whole lot from you and a few other channels. Keep up the good work!
You guys are generous with your knowledge, great with words, and entertaining to watch. I am thoroughly enjoying this tutorial series and I thought seeing your son was the best part of this video. Cheers!
If you think you can’t start doing this right now then No you could be finding deals, and then putting some of the information on social media like instagram/Twitter, give people a way to contact you, and use that to get investors and people who will live in your homes.
I like this guy isnt a douche bag and very helpful he seems like an awesome guy im 15 we are broke so i take this seriously im mature enough bc of events that have occured in my life so i love these vids
This is priceless information that just so happens to be free. As someone who is about to get a job out of college and wants to invest much of what I make into doing this, I value you this very much. Thank you for being so generous with your time and creating these videos to help other people be successful. God bless!
Im 12 yo and Ive been studying investment for a while know. Thx for all the help in terminology and general presentation of such a complicated subject.
i understand the whole 5 signs thing but i feel in this day and age there a better ways to market this. theres no way these guys only market on the side of a street........
I’m 26 and I watched your video about doing real estate and the three things you need one being credit, I’m already investing and making profit in stocks but like you said and what if realized the money is in real estate, now I want to buy town homes and apartments, but don’t have enough cash on hand, and your saying going this route the L.O is better, so I guess I’m asking how could I get an apartment or town home this way and rent it out?
I assume you want to go that route to save money, but I'm telling you there are places in the US that single family homes cost $100K - limitlessmentor.com/TV/index.php?id=comments
Thank you so much!! I wished I came across this sooner. But, so far I am learning a lot. I have a question: Can do a L.O on a land (without a house being built on it?)
A question i have right off the bat: what happens if you have a tenant who is awful? Breaks stuff, overall devalues the property. What does that look like?
Please make this video content for the whole indian concept. Here is a very different concept of all what you've taught.. people need your help here.. support kris
My question is mainly what happens if they do not maintain anything while under contract and then back out and you have to rerent. Do you collect non refundable deposit and refundable deposit to be used for damages if they do not buy?
Kris, I love your videos and they are so inspiring. Thanks for doing all that you do! I can't find the answer to this questions anywhere and have been searching and searching, could you shed some light? You say PM companies don't deal with lease options so how do I get a tenant? Am I supposed to fly out each time I hold an open house? Or can I hire someone to do showings/do background checks/deal with evictions? I'm so stuck, any help I would be grateful for.
Hello. I watched two of your videos did not really realize that you could buy a house and then rent out to others. But how do I buy a house as I do not have enough money? And which bank will give money to a 22-year-old with no secure income?
How do you do a lease option on a house you don't own? Do you find a seller willing to do a lease option for 5k down then find a buyer wanting to do a lease option for 10k down, you pocket the 5k, owner gets 5k, buyer moves in?
What happens when it’s time to sell the house once the market is up and you already told the lease owner 200k and house worth 250k ? So u just sell the house to someone else ?
Typically there is a predetermined price on the contract for when they want to exercise their option to buy the house. If the market goes up, then, that's awesome for them! The predetermined price to purchase is typically higher than the current market rate at time of signing. So, and this is one example, if the house is worth $200K when they sign the contract, they will have a chance to buy it at $225K within 5 years, or however long the lease is. Kris may answer differently, but this is what I have learned.
I might have missed something but if they have no credit and get a loan from the bank how can you sell it to them after year 4 you owed like 170k after year 4 you made 65k. And the bank made 48k in 4 years that's includes banks interest. So let's say you still owe bank 122k if they couldn't get approved for the loan to begin with how can you sell it after year 4 or maybe I'm not catching something
Hi Kris, do you every have a tenant that totally wrecks the home OR get upset at the end of the lease and become vindictive? If so how do you handle that?
i own a home in colorado denver. and im currently living there. can i give a lease option to the renter if im living there? or do you suggest to move out and lease the entire thing?
Hi kris on all the deals that you do. Do you always use compassionate financing mentioned in your book? I would assume so because of the benefits of a lot of money upfront and potentially more cash flow. Thank you.
I HAVE A QUESTION! Your said target market seems scary. Isnt it that these people werent accepted from the bank for certain reasons. So, shouldn't that mean that they will likely have a hard time to pay the rent. Is this really a stable target market??
I'm waiting for the comments that say how this ruined their lives and that it's all a big greedy scam for you to give these guys money. Are such comments be filtered out? I hope it's because this is all genuine. Also where are the comments saying how much they are making thanks to all this. I just see a bunch of general questions and "can't wait to start!" comments, nothing else
Lol first off this isn’t a scam. Your probably some kid who’s mad that they don’t have money. I actually sold my first house from these training videos. Did they ever say give us your money? Are they saying wire your money and we will do it for you? No they didn’t don’t be mad because maybe these videos are beyond your comprehension.
Young Konviction that's hilarious. I asked a question about reviews and testimonies and lack thereof and so I'm "a kid who doesn't have money." Im not rich but im making 80,000 a year at 22 years old sitting in my truck watching UA-cam videos on the job, so I'm very comfortable. Granted that's pre-tax. They always mention their purchasable programs and partnering with people, hence wanting your money. So I would like a decent number of success stories and testimonies before chancing that. Most people teaching things have moved on from what they teach in order to start making money with an expensive course. That's why I'm wary, congrats on your first house, noticed you didn't give a profit number. Give a real review once you've duplicated your results or failed.
Jake Swick try it for yourself, and if it works out then great. I wanna get started myself so I watch many people about RE investing. Also read lots of books and found a mentor - all the things that Kris has mentioned in his vids
This doesn’t seem like something you need testimonies on. You can research everything online these days and he isn’t the only person preaching this stuff. I’m sure there is a level of risk vs reward to anything but if you do your research about the pros and cons and what to do and not to do then you shouldn’t need testimonies (that could be bought) besides, if I got rich doing this I would NOT be back on UA-cam saying, “IT REALLY WORKS!” 😂 We live in the age of google, you can literally learn if ANYTHING is viable with a couple of clicks. Information is out there. Do some research.
So let me get this right you buy a house with mortgage and then lease it for 4 years and then the tenant buys it and then you pay off whats left of your mortgage and profit
No... you go to someone that wants to sell there house. Then convince them to do a lease option so you can buy it in 4 years then you find a tenant that wants to buy a house put them in as they want to buy the house and then when the 4 years are up get them to do a contact to sell the house (the tenant and the owner) so you are only the middle man
What happens when someone rents to own it but opts out and you find out they didnt spend a dime on repairs because they didn't have the money. pushing the repairs to financially struggling tenants doesn't seem like a solution to repairs.
Hai Kris. I have a quick question for you. In your video you said that the potential tenants should come all together and the best day would be Saturday. Now if we're talking about a small 2-bedroom apartment, we should invite all the potential tenants at the same time or individual? Thank you!
Thank you! Now that we know that the Saturday is the best day for visiting,when it comes to the best hour, what hour would be in order to bring as many visitors as possible in the same interval?
IF you are doing a lease option won't that attract bad tenants? I mean why would you trust someone with bad credit to pay you consistently every month?
Having bad credit does not necessarily mean one is irresponsible. There are many reasons why people's credit are affected without it being directly their fault.
Hey Limitless i'm a 19 year old from the Uk, I've been watching your stuff for quite a while now and although what you say sounds confusing and a little unrealistic I was wondering could I actually do it, in England?
I'm 18, no so sure about this stuff, but I will keep it in the back of my mind. I think it's best to save right now, and when I gain more knowledge I will decide what I should do. But, I would get input from a variety of sources, not just him solely. Then wait a long time before pulling the trigger because you can get really in trouble. What if no one buys the home? How do you know it is a good location? What if the economy crashes? I am sure there are more issues that can come up. I wouldn't act so quickly, but I think there is some truth to what they say.
Hello, can you help me with this. At the time i am marketing the house , who does it belong to? It sounds like the house belongs to me already but , how did i get it to b empty and to have the right to invite people to come and see it
Can you please explain a how does it work situation in which for example I’m currently seeking to purchase a property to use as a lease option. It seems to me you’re explaining a the lease option to those who already own a property. Thanks
So it they have a bad credit, how would you know if they’d even pay the rent or not? You can’t kick a person out if they’re not paying their rent. That’s a total loss.
Abhi Johal non refundable down payment. your leasing it to them until it's paid off and they own it. so even if the run off on the lease, u still have 5 thousand dollars and a home vacant ready to make another 5k Nd rent it out
I remember in 2009 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most of us find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The consistent US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
How do I reach out to yours? my assets have been struggling since 2022 and I’ve been holding on by the skin of my teeth.
Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
I'm 18 and I am starting to get very interested in real estate now. I have learned a whole lot from you and a few other channels. Keep up the good work!
Same bro
how u doing now?
they way his Son came to him tell everything about KRIS such a nice guy much love kris krohn
That was so adorable to see your son’s love for you. Awesome stuff. Great content as well.
You guys are generous with your knowledge, great with words, and entertaining to watch. I am thoroughly enjoying this tutorial series and I thought seeing your son was the best part of this video. Cheers!
I am only 11 but this is the best info i have ever recieved
Me TheGamer stay with it it’s smart!!
If you think you can’t start doing this right now then No you could be finding deals, and then putting some of the information on social media like instagram/Twitter, give people a way to contact you, and use that to get investors and people who will live in your homes.
Lucas Liam BRO HES 11
Ask your parents to get you on their credit cards if they are responsible or a secured card to start building now!!
@@jzornes018 bruh
Holy crap until your son ran in I totally thought that was a green screen background. Wonderful home!
You shouldnt say Gods name in vein-amen
I like this guy isnt a douche bag and very helpful he seems like an awesome guy im 15 we are broke so i take this seriously im mature enough bc of events that have occured in my life so i love these vids
This is priceless information that just so happens to be free. As someone who is about to get a job out of college and wants to invest much of what I make into doing this, I value you this very much. Thank you for being so generous with your time and creating these videos to help other people be successful. God bless!
Have u started yet
Bro, this video is for right now me... Closing my first deal next week through lease option.
Thanks Kris and Mike
Im 12 yo and Ive been studying investment for a while know. Thx for all the help in terminology and general presentation of such a complicated subject.
You guys are awesome!! Love all your videos!! Great video with great information!
My. Mind. Is. Blown. I'm so excited about this !
You guys are so casual i love it you make learning fun
i understand the whole 5 signs thing but i feel in this day and age there a better ways to market this. theres no way these guys only market on the side of a street........
I’m 26 and I watched your video about doing real estate and the three things you need one being credit, I’m already investing and making profit in stocks but like you said and what if realized the money is in real estate, now I want to buy town homes and apartments, but don’t have enough cash on hand, and your saying going this route the L.O is better, so I guess I’m asking how could I get an apartment or town home this way and rent it out?
I assume you want to go that route to save money, but I'm telling you there are places in the US that single family homes cost $100K - limitlessmentor.com/TV/index.php?id=comments
i’m so excited watching these videos!!!!
What is equity explain please
Hi Chris! I’m ready to do this...I definitely want (need) a mentor. How do I find someone trustworthy that I can start working with NOW?
Watching this @ 13 may 2023
Very informative video🎉
Thank you so much!! I wished I came across this sooner. But, so far I am learning a lot. I have a question: Can do a L.O on a land (without a house being built on it?)
You guys are awesome. I bet you are great fathers as well. Good job brothers.
Thanks Damon!
I love this channel and the subliminals y’all send each other true friends 🤣🤟🏾🎸
A question i have right off the bat: what happens if you have a tenant who is awful? Breaks stuff, overall devalues the property. What does that look like?
Hey there you guys are wonderful in teaching like it. I'm following y'all!!!
Please make this video content for the whole indian concept. Here is a very different concept of all what you've taught.. people need your help here.. support kris
I love your vids! Thank you guys so much! Do I use fluorescent signs or just plain white homemade Rent-2-Own signs?
Floresecent!!
My question is mainly what happens if they do not maintain anything while under contract and then back out and you have to rerent. Do you collect non refundable deposit and refundable deposit to be used for damages if they do not buy?
Kris, I love your videos and they are so inspiring. Thanks for doing all that you do!
I can't find the answer to this questions anywhere and have been searching and searching, could you shed some light?
You say PM companies don't deal with lease options so how do I get a tenant? Am I supposed to fly out each time I hold an open house? Or can I hire someone to do showings/do background checks/deal with evictions? I'm so stuck, any help I would be grateful for.
Real Estate Guerilla Warfare. I love it
lol i like that game
With all them kids I can see why you guys are in Real Estate 😂
XD
I'm 12
You guys are too funny 😂
You guys are great thanks
Thank you!
Great information. Thank you guys
Oh & I think your business plan & videos are Awesome man 👍😎
Hello. I watched two of your videos did not really realize that you could buy a house and then rent out to others. But how do I buy a house as I do not have enough money? And which bank will give money to a 22-year-old with no secure income?
BOOM, your on it!
You guys are freaking hilarious.... Like watching a sitcom show..... Lmao
I'm following, studying and moving towards this opportunity soon!
Thx
How do you do a lease option on a house you don't own? Do you find a seller willing to do a lease option for 5k down then find a buyer wanting to do a lease option for 10k down, you pocket the 5k, owner gets 5k, buyer moves in?
What happens when it’s time to sell the house once the market is up and you already told the lease owner 200k and house worth 250k ? So u just sell the house to someone else ?
I was wondering that too.. Can anyone shed light?
~Thanks
Typically there is a predetermined price on the contract for when they want to exercise their option to buy the house. If the market goes up, then, that's awesome for them! The predetermined price to purchase is typically higher than the current market rate at time of signing. So, and this is one example, if the house is worth $200K when they sign the contract, they will have a chance to buy it at $225K within 5 years, or however long the lease is. Kris may answer differently, but this is what I have learned.
👍🏻
I'm a realtor and can buy these signs at my association at a discount
I don't know if you noticed it or not. But, you said at the beginning that you need 4 signs. Now in the middle you are saying 5 signs.
I might have missed something but if they have no credit and get a loan from the bank how can you sell it to them after year 4 you owed like 170k after year 4 you made 65k. And the bank made 48k in 4 years that's includes banks interest. So let's say you still owe bank 122k if they couldn't get approved for the loan to begin with how can you sell it after year 4 or maybe I'm not catching something
yup so if they cant buy they just can continue renting till they can get loan or new buyer move in who can get loan
Me: *broke*
Kris: im about to start this man's whole career
Do you have a lot of evictions since you are marketing to bad credit buyers?
You’re Amazing kris i love You brother
love your videos
I love it when family comes into the video. I get to see the real you if you know what I mean, lol.
Hi Kris, do you every have a tenant that totally wrecks the home OR get upset at the end of the lease and become vindictive? If so how do you handle that?
I'm learning so much! Thank you!!!
How do you market a property that's not local?
Say it's in another country, state, or far away city.
Great question. I have a team of people that are local do it for me. Use my team if you'd like.
I still dont know how do i do to get a house to put it in rent-2-own with no money. please somebody help!!!!
Lautaro Di Stefano its a loan with the bank and when people buy your house or lease you pay off your expenses to your loans
same here
Mr. Krohn, is it applicable in the Philippines?
wow thank you
STARTED LMAO @ 7:53 check Steve's face!! Watch Our Lips....too funny guys
HAHAHAAH THAT WAS A GOOD VIDEO!! THANKS FOR THE AWESOME INFO PURA VIDA!
But where do I live if this is my first house that I’ve bought?
Serenity Faith you will rent an apartment for yourself live below your means
The forest
ur parents house
i own a home in colorado denver. and im currently living there. can i give a lease option to the renter if im living there? or do you suggest to move out and lease the entire thing?
Beginner Tuts - Yes, you can do that.
Totally lease option that home!!
okay thank you for the information :)
If you rent your entire home....where you go to live?!?!?
Just sold my house in Monument Colorado that I was renting out! Gained 40% equity in two years on it. Just sell the Dang house
they explain how to sell a house very well, but not the process on how to actually buy one..
The key thing here is buying the house. You make this sound easy, but not a lot of people have 170k to start a lease option lol.
No you need 30k not 170k that’s what you owe
Hi kris on all the deals that you do. Do you always use compassionate financing mentioned in your book? I would assume so because of the benefits of a lot of money upfront and potentially more cash flow. Thank you.
For the lease option strategy, absolutely! I do them like this all day long.
Michael Misilo ggfhhh
I HAVE A QUESTION! Your said target market seems scary. Isnt it that these people werent accepted from the bank for certain reasons. So, shouldn't that mean that they will likely have a hard time to pay the rent. Is this really a stable target market??
the way u guys r holding ur phones :D'
what would you do if someone was only interested in renting or buying instead of renting to own?
I'm waiting for the comments that say how this ruined their lives and that it's all a big greedy scam for you to give these guys money. Are such comments be filtered out? I hope it's because this is all genuine. Also where are the comments saying how much they are making thanks to all this. I just see a bunch of general questions and "can't wait to start!" comments, nothing else
Lol first off this isn’t a scam. Your probably some kid who’s mad that they don’t have money. I actually sold my first house from these training videos. Did they ever say give us your money? Are they saying wire your money and we will do it for you? No they didn’t don’t be mad because maybe these videos are beyond your comprehension.
Young Konviction that's hilarious. I asked a question about reviews and testimonies and lack thereof and so I'm "a kid who doesn't have money." Im not rich but im making 80,000 a year at 22 years old sitting in my truck watching UA-cam videos on the job, so I'm very comfortable. Granted that's pre-tax. They always mention their purchasable programs and partnering with people, hence wanting your money. So I would like a decent number of success stories and testimonies before chancing that. Most people teaching things have moved on from what they teach in order to start making money with an expensive course. That's why I'm wary, congrats on your first house, noticed you didn't give a profit number. Give a real review once you've duplicated your results or failed.
Jake Swick try it for yourself, and if it works out then great. I wanna get started myself so I watch many people about RE investing. Also read lots of books and found a mentor - all the things that Kris has mentioned in his vids
This doesn’t seem like something you need testimonies on. You can research everything online these days and he isn’t the only person preaching this stuff. I’m sure there is a level of risk vs reward to anything but if you do your research about the pros and cons and what to do and not to do then you shouldn’t need testimonies (that could be bought) besides, if I got rich doing this I would NOT be back on UA-cam saying, “IT REALLY WORKS!” 😂
We live in the age of google, you can literally learn if ANYTHING is viable with a couple of clicks. Information is out there. Do some research.
Jake Swick wat do you do?
If you rent-to-own to someone with bad credit, wouldn’t they be more likely to default?
So let me get this right you buy a house with mortgage and then lease it for 4 years and then the tenant buys it and then you pay off whats left of your mortgage and profit
The Dark ghost EXACTLY!!! There isn’t a shortcut and this they will not tell you straight up!
No... you go to someone that wants to sell there house. Then convince them to do a lease option so you can buy it in 4 years then you find a tenant that wants to buy a house put them in as they want to buy the house and then when the 4 years are up get them to do a contact to sell the house (the tenant and the owner) so you are only the middle man
Is it wise to invest in real estate while living in an apartment?
Do I need a real estate license to do this? If not, do you recommend getting one?
I am also wandering this
I’m wondering the same
Nicks Kicks real estate license just gives you access to mls there’s allot of benefits but you don’t need one
Nope, you dont really need one.
Isn't it lease option tenant pay you yearly for rent to own a home
How does that pay off your monthly mortgage
Can I still get L.O.C of a house that i'm renting out for lease option?
They are assets. Hillarious!
What happens when someone rents to own it but opts out and you find out they didnt spend a dime on repairs because they didn't have the money. pushing the repairs to financially struggling tenants doesn't seem like a solution to repairs.
Then you keep the deposit, and you find someone new. The contract is a good filter. It filters in more responsible people who are able to commit more.
@@KrisKrohn have you ever had a tenant totally destroy the home costing more than the initial deposit?
Hai Kris. I have a quick question for you. In your video you said that the potential tenants should come all together and the best day would be Saturday. Now if we're talking about a small 2-bedroom apartment, we should invite all the potential tenants at the same time or individual? Thank you!
Having multiple together helps create competition and fast movers.
Thank you! Now that we know that the Saturday is the best day for visiting,when it comes to the best hour, what hour would be in order to bring as many visitors as possible in the same interval?
Great question. Do some research in the area and see when they are happening.
IF you are doing a lease option won't that attract bad tenants? I mean why would you trust someone with bad credit to pay you consistently every month?
Having bad credit does not necessarily mean one is irresponsible. There are many reasons why people's credit are affected without it being directly their fault.
Wow great marketing 😚😚😚😚😍😍😍😍😍❤❤❤❤❤
Hey Kris, how does this work for non-US citizen to start off with leasing and then purchase it. And start doing real estate investment
LiNo jAMeS same thing, I think.
The open house part is a little shaky these days huh
Hilarious ending 🤣
Do you need a liscence for all of this
Why would you not market online?
That's so funny at about 8 minutes and 40 seconds you were looking for your cap and . totally went for a fist bump
What if the house doesn't have any equity? Is it still possible to do it?
Tnx
Done
How long should it take to get someone to actually drop an option deposit?
Hey Limitless i'm a 19 year old from the Uk, I've been watching your stuff for quite a while now and although what you say sounds confusing and a little unrealistic I was wondering could I actually do it, in England?
Z3 Nation for sure !
I'm 18, no so sure about this stuff, but I will keep it in the back of my mind. I think it's best to save right now, and when I gain more knowledge I will decide what I should do. But, I would get input from a variety of sources, not just him solely. Then wait a long time before pulling the trigger because you can get really in trouble.
What if no one buys the home?
How do you know it is a good location?
What if the economy crashes?
I am sure there are more issues that can come up. I wouldn't act so quickly, but I think there is some truth to what they say.
looking to buy in south carolina can you help me
This sounds like I need to be a licensed real estate agent
Hey , Kris are mobile homes a bad idea ?
how and where do you go to find the houses ?
Hello, can you help me with this. At the time i am marketing the house , who does it belong to? It sounds like the house belongs to me already but , how did i get it to b empty and to have the right to invite people to come and see it
Do you own a home ? Can you clarify the question
looks like Kris's phone was on speaker-while Steve really got into the part...
Can you please explain a how does it work situation in which for example I’m currently seeking to purchase a property to use as a lease option. It seems to me you’re explaining a the lease option to those who already own a property.
Thanks
Look into a sandwich lease
So it they have a bad credit, how would you know if they’d even pay the rent or not? You can’t kick a person out if they’re not paying their rent. That’s a total loss.
Abhi Johal non refundable down payment. your leasing it to them until it's paid off and they own it. so even if the run off on the lease, u still have 5 thousand dollars and a home vacant ready to make another 5k Nd rent it out
can evict for not sticking to the lease
Ive tried numerous times to get in toich with your team. Never got a single response....
They’re so coked out but I’m learning so much lol
Isn't the same strategy I can apply on Malaysia?
@Kris do you need a permit or licence to do this?
But how do you write effective enforcement contract?
dude thank you so much!
You're welcome!