Guide to Buy Your First Rental Property

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  • Опубліковано 27 лис 2024

КОМЕНТАРІ • 321

  • @pratikrijal8877
    @pratikrijal8877 3 роки тому +510

    Make a video on what can go wrong while buying a real state .

    • @iwanstoilow
      @iwanstoilow 3 роки тому +6

      yup

    • @phdtvproductions
      @phdtvproductions 3 роки тому +25

      this is why I use these videos mainly as motivation and not as my real estate education 😂

    • @TruthWatcherD
      @TruthWatcherD 3 роки тому +6

      He has a while ago. Just need to find it on his page. I’ve seen plenty where he covers it

    • @xreplayzx117replayziscool6
      @xreplayzx117replayziscool6 3 роки тому +2

      @Kris1 Krohn Nice fake account skid :)

    • @jeanchawa6372
      @jeanchawa6372 3 роки тому +1

      @@xreplayzx117replayziscool6 🤣🤣we got him

  • @Oinnk
    @Oinnk Рік тому +12

    I wasn't even aware of landlord insurance. You teach me something new in every video. Thankyou!

  • @lovegansaw
    @lovegansaw 3 роки тому +61

    I've been watching your videos for months. Learning a lot. Jumping into the real estate in my country. Biggest fan from Myanmar.

    • @juvvakrishna6348
      @juvvakrishna6348 2 роки тому +3

      How is u r business? Now

    • @thispersonshorts
      @thispersonshorts 2 роки тому +3

      You should post your experience on UA-cam

    • @KrisKrohn
      @KrisKrohn  2 роки тому +5

      @@thispersonshorts Yeah, that would be great to see your journey!

    • @thispersonshorts
      @thispersonshorts 2 роки тому +2

      @@KrisKrohn you just acknowledged my comment! Dude! I’m a huge follower. Idk what to say. Been watching you since high-school! Trying to be big time like you one day. This made my day! Thank you Kris!

  • @RedDragonProtection
    @RedDragonProtection 2 роки тому +11

    I like how I don't have to speed up your videos. Great info and pace....

  • @LifeofKairo
    @LifeofKairo 3 роки тому +168

    Other people: buy a whiteboard
    Kris: Nah bro, buy a WHITE TABLE

  • @dante009.5
    @dante009.5 2 роки тому +8

    Bro, your content is off the hook! Ive watched 7733 ppl on youtube and your edits, humor, relateability are on tge next level. Clearly you love what ya do! Strong work

    • @KrisKrohn
      @KrisKrohn  2 роки тому +2

      I like how specific you got there "7733", haha. I appreciate the love a ton! Thank you.

  • @JAMIE-JAMIE
    @JAMIE-JAMIE Рік тому +3

    I literally picked your video because I like your way of explaining, it is real & refreshingly different. I just liked & subscribed

  • @aurafangz3635
    @aurafangz3635 2 роки тому +16

    His energy towards everything is so inspiring!

    • @waldo-ot6ul
      @waldo-ot6ul Рік тому +2

      That's why he gets alot of views it's all about presentation if he wants he wouldn't get the views he wants

  • @thefamilyscenesarahadams496
    @thefamilyscenesarahadams496 3 роки тому +30

    Hi Chris awesome work. I learn so much from you on how to get my Real estate license. And become and Real estate agent thanks for preparing millions of people on what you know best. I hope to see you one day and shake your hand. I’m so young 21 year old and I have 5 kids. And seeing u and making your videos keeps my mind on business love what u do thanks for inspiring me my husband and I love your work thanks.

  • @donaldjohnson4456
    @donaldjohnson4456 2 роки тому +4

    I really enjoy watching your videos. You break thing downs to a simple science.

  • @foguhfonzockkyrian5581
    @foguhfonzockkyrian5581 3 місяці тому

    From Cameroon. I must say this is perfect.. clear and easy to understand

  • @jasongoebel517
    @jasongoebel517 Рік тому

    I'm an insurance agent. On a rental you buy landlord insurance instead of home owners insurance. Landlord insurance is not extra, it's in place of. It provides coverage just like a home owners insurance but provides that loss of rental income if there is a home claim

  • @marcellthegreat5397
    @marcellthegreat5397 3 роки тому +8

    Thanks Kris, this is great information and I now know that I'm ready to buy my first investment property!

  • @RevPhilipC
    @RevPhilipC Рік тому +2

    This is very impressive and I love anything investing. thanks alot

  • @DavidMacauley-w3e
    @DavidMacauley-w3e Місяць тому

    Hello I’m David from Sierra Leone west Africa I’m happy of your video thanks I really want to listen to your videos everyday so I can know how I can make money but today is my first day to come across your video.

  • @frankgarso
    @frankgarso 3 роки тому +5

    Thank you Kris, I need 30% so lets get it!!

  • @MrLsevensquare
    @MrLsevensquare 3 роки тому +9

    QUESTION - If you're only making $330 a month profit from the rent, how are you making $10,000 a year from the house???

  • @CarmenSanchez-sk5ng
    @CarmenSanchez-sk5ng 3 роки тому +3

    I love your videos , can you make a video what to do to keep from paying so much taxes please.

  • @chibuzoreustace2352
    @chibuzoreustace2352 Рік тому +24

    Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.

    • @usmanibrahim6296
      @usmanibrahim6296 Рік тому

      Trading with an expert has been the best way of making huge returns from crypto currency.

    • @usmanibrahim6296
      @usmanibrahim6296 Рік тому

      The common mistake we newbies make is investing without help and legit guidance from a professional.

    • @markjohn1511
      @markjohn1511 Рік тому

      ​@@usmanibrahim6296Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Sir Lucas S.Chamberlain last year at a startup funding event in Washington DC.

    • @markjohn1511
      @markjohn1511 Рік тому

      He had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing results, and my trading is going smoothly.

    • @ibirahimabdalahi
      @ibirahimabdalahi Рік тому

      Nice content. To me trading the forex and crypto market is way better than any online investment

  • @HenryAndrew-v7k
    @HenryAndrew-v7k 4 місяці тому

    Am already motivated and very positive about the outcome and have seen the market of residential home real estate. But as a University student, our bank has zero options, so I have to wait till employed. Big fan ✊

  • @racosand6033
    @racosand6033 3 роки тому +43

    Isn’t it when you do the 3% down and live in it for a year, then you can make it into a investment property?

    • @eldash2801
      @eldash2801 3 роки тому +7

      Yes! House hacking. Look it up

    • @jaysosa2003
      @jaysosa2003 3 роки тому +13

      House hacking yep get into a multi family house qualify for a fha loan keep one unit and rent the others out !!! They’re literally building your equity and paying your mortgage , cashflow !!

    • @AlexHernandez-xh8ei
      @AlexHernandez-xh8ei 3 роки тому +2

      What if I don’t want to leave my parents house I haven’t bought my first rental

  • @mr.gold-vancouvercanada1845
    @mr.gold-vancouvercanada1845 3 роки тому +5

    Kris, I bought a second property as a rental. Should I aggressively pay down the mortgage or take my time so I can write it off against the income? Thanks

  • @nuneze10
    @nuneze10 3 роки тому +2

    First time watching your videos. Learned a lot. Thanks

    • @kriskrohn143
      @kriskrohn143 3 роки тому

      I appreciate. For more
      W/h/a/t/S/a/p
      •+1•908•79•3•8•90•5

  • @nobodyreally0162
    @nobodyreally0162 11 місяців тому +1

    I’m not ready yet. I don’t even have a home of my own… any advice?

  • @clarkpavarin2790
    @clarkpavarin2790 3 роки тому +1

    I need it this video exactly today
    That’s crazy

  • @ismaelromero6185
    @ismaelromero6185 3 роки тому

    Build business credit!!! Use that as a down-payment and fixer upper stay away from business loans

  • @thomashowe5374
    @thomashowe5374 3 роки тому

    I love this guy.

  • @lauralawrence6000
    @lauralawrence6000 3 роки тому +2

    Thanks for this info! Great advice

  • @alvaroaguilera4853
    @alvaroaguilera4853 3 роки тому +3

    Hey Kris quick question i don't own a property either to live or rent. My question to u is should I buy a rental property first or buy a home first

    • @Nolaman70
      @Nolaman70 2 роки тому

      Buy a double then move after a few years.

  • @myourpawnkween
    @myourpawnkween 3 роки тому

    Location, location, location, it's pivotal.

  • @juniorkalongo9740
    @juniorkalongo9740 2 роки тому

    @KRIS I get back 220% on my first time invest in 2020in real-estate and I regret not buying much. Watching your video gave me the courage to do it during pandemic 2019. Thank you

  • @arijimenez5594
    @arijimenez5594 3 роки тому +5

    Hey Kris I’m getting ready into buying my first rental property but I’m not sure what I should do first. Should I search for the house with the right price ? Or should I first go check how much mortgage I qualify for ? And then look for a house with the right price for me.

  • @romasboguzas9212
    @romasboguzas9212 3 роки тому +2

    Hi make a video how to buy a property in EU, how it works on 2 and 3 property. Thanks

  • @naomi.7777
    @naomi.7777 3 роки тому +1

    This plan doesn't talk about home repairs etc.
    I sold a rental in December with profits of $63,000. Do I invest or put down on the principle of my personal mortgage?

  • @raymondharlall
    @raymondharlall 3 роки тому +2

    You got it

  • @captincheezee
    @captincheezee 2 роки тому +1

    6:22 we should educate those who have access to it, about VA loans that usually if not always have a $0 down requirement. 👀

    • @KrisKrohn
      @KrisKrohn  2 роки тому +1

      That's an interesting idea, I'll shop that around with my team.

  • @thomaschung9310
    @thomaschung9310 2 роки тому +3

    I'm having trouble finding properties that would yield a decent ROI when you factor in property taxes...unless I purchase a home that really needs a lot of work.

    • @amitdarji15
      @amitdarji15 2 роки тому

      what to you is a decent ROI.
      better yet what you are looking to net per door per month?

    • @thomaschung9310
      @thomaschung9310 2 роки тому

      @@amitdarji15 I would say a ytjing above $300/month

    • @amitdarji15
      @amitdarji15 2 роки тому +1

      @@thomaschung9310this is certainly doable. If you are really focused on generating cashflow, look into doing novation agreements. these work great with expired listing.

    • @thomaschung9310
      @thomaschung9310 2 роки тому

      @@amitdarji15 thank you!

  • @janvielion
    @janvielion Рік тому +1

    Do you need to know your legal obligations if you have a property management?

  • @spacecityhyundai6047
    @spacecityhyundai6047 3 роки тому +6

    where is that book that you mentioned in the video. I'm trying to look for it but a different book shows up

    • @JTHVideo
      @JTHVideo 3 роки тому +2

      It is the first link in the description of the video (the one that ends in “freetrackrecord”

  • @broverogers7759
    @broverogers7759 3 роки тому +1

    Kris your new book is not on Amazon, am in Abu Dhabi I need to have it on my table.

  • @alexanderaskildsen2917
    @alexanderaskildsen2917 2 роки тому +2

    hey what shoud i do i have 11000$ and no debt at 16 what woud you do as a first move

    • @crystalpresley5909
      @crystalpresley5909 2 роки тому

      In this real estate market I would definitely invest in a house. You don't necessarily need to rent which I really wouldn't even advise at your age but I would find something to flip. Where are you located?

  • @peterkiryakov8729
    @peterkiryakov8729 3 роки тому +1

    Amazing video. 👏

  • @dmiles8406
    @dmiles8406 Рік тому

    Extremely informative videos! I don’t see a link to get a copy of your guide to buy your first rental property.

  • @azman73681
    @azman73681 3 роки тому +1

    How do u get the 10k/20% roi? U need to payoff ur mortgage of 160k

  • @soccerisdabest5371
    @soccerisdabest5371 4 місяці тому

    Where can I find the free guide? I can’t find it in the description

  • @hemanthv5145
    @hemanthv5145 Рік тому +1

    Your guide link is not working

  • @jayco1212
    @jayco1212 3 роки тому +1

    Hi Kris! I clicked the link for your book but I didn’t see how I would get it. Helpppp thank you!

  • @Our-differences
    @Our-differences 2 роки тому

    This is incredible. Wow!!

  • @martingallegos6577
    @martingallegos6577 7 місяців тому

    Would you rather drop a down payment of 15-20% or pull out a FHA loan and put down 3.5% down to get into real estate

  • @pedrinajohansen-maevlogs4298
    @pedrinajohansen-maevlogs4298 2 роки тому +1

    He’s totally coping grant cardone 😎🤓

  • @avanishsoman9062
    @avanishsoman9062 3 роки тому +5

    Amazing content why don't you monetize these videos??

    • @ezekjoson
      @ezekjoson 3 роки тому +1

      what would he need it for? he’s a multi-millionaire

  • @laramie1222
    @laramie1222 Рік тому

    You said in this example that the take home was $300/month so how did you get an ROI of 10k a year?

  • @patrickjhonzuniga
    @patrickjhonzuniga 3 роки тому

    5:00 not the mascots!! Omg Kris I just spit out the water I'm drinking.

  • @gavinslivin5243
    @gavinslivin5243 3 роки тому +1

    thank you i got your book!

  • @ChampionsViews
    @ChampionsViews Рік тому

    Hey @kris how do I get the correct person to evaluate the values of the property at current purchase and the value of it to see the equity ?

  • @clanderson5761
    @clanderson5761 3 роки тому

    dude i love your content ...

  • @rossbarbero4474
    @rossbarbero4474 Рік тому

    Take a shot everytime Kris says "check this out"

  • @paralifetv-youreverydaywhe8314
    @paralifetv-youreverydaywhe8314 2 роки тому

    Another great video! Bravo!!

  • @kiizajordan1935
    @kiizajordan1935 3 роки тому

    Interesting presentation!!! Like it

  • @COACHRAPHA
    @COACHRAPHA Рік тому

    This dude is awesome

  • @precious1019
    @precious1019 Рік тому

    Great video. New subscriber!

  • @livinginwesternmassachuset1953
    @livinginwesternmassachuset1953 3 роки тому +1

    could a primary residence be a duplex that you are house hacking?

  • @Je.rone_
    @Je.rone_ 3 роки тому +3

    Rental property would be nice😃

  • @blaiseblume823
    @blaiseblume823 2 роки тому +1

    I have a question, do you need a real estate license to own rental properties in Texas?

  • @joserodriguez9543
    @joserodriguez9543 6 місяців тому

    What if nobody rents it for a good while and you were counting on the tenants to make those payments?

  • @frankrodriguez1973
    @frankrodriguez1973 Рік тому

    Thank you!!!

  • @flywonlbc2264
    @flywonlbc2264 2 роки тому

    Feels like I’m getting mortgage advice from Rams head coach “Sean McVay “

  • @Daniel18493
    @Daniel18493 3 роки тому +2

    Hey Kris, i am living in Moldova, so our interest rates for banks are quite difference, they are between 8-10% from my calculations, this strategy is not profitable here. If we take a loan for 20-25 years the monthly mortgage barely is the same like a simple rent price, maybe even higher. Can you advise please?

    • @Daniel18493
      @Daniel18493 3 роки тому +1

      @@Chicken_Genuis_Singapore is it available on what's app?

    • @aaronsanders1999
      @aaronsanders1999 3 роки тому

      @@Chicken_Genuis_Singapore bot located 🚨

    • @aaronsanders1999
      @aaronsanders1999 3 роки тому

      @@Daniel18493 Bruh you know that this is a bot right

    • @juvvakrishna6348
      @juvvakrishna6348 2 роки тому

      Pls ping me if yes

  • @browardlegends3880
    @browardlegends3880 3 роки тому +1

    Ok say I do rent out my house for 2500 a month and my mortgage is 1600 how will light bills and everything else be covered ?

    • @James26mckenna
      @James26mckenna 3 роки тому

      Your full time job pay

    • @crystalpresley5909
      @crystalpresley5909 2 роки тому +1

      The tenant pays the utilities. You have a lease agreement drawn up and that is included that they are responsible.

  • @theposhceo
    @theposhceo 2 роки тому

    I’ve heard a lot of teachers discuss using 100% debt to finance homes what are your thoughts on that? Ie robert kiyosaki

  • @hortonsstuff6948
    @hortonsstuff6948 2 роки тому

    What about a helock

  • @davidnguyen3119
    @davidnguyen3119 3 роки тому +3

    What’s the difference between your first book and your second book?

  • @tankercrewchief
    @tankercrewchief 3 роки тому +2

    I got 3% interest rate on my first rental property with Kris Krohn’s team...🤯

    • @Lazylion572
      @Lazylion572 3 роки тому

      Did you buy the property directly from his team? If so, was the price over inflated or about market rate?

    • @tankercrewchief
      @tankercrewchief 3 роки тому +1

      @@Lazylion572 We bought in Memphis. House was $135k. 20% down. Mortgage rate 3.0! Mortgage payment $600 with rent @ $1100

    • @OmarLopez-kh3dx
      @OmarLopez-kh3dx 3 роки тому

      @@tankercrewchief how were u able to get 3%

    • @OmarLopez-kh3dx
      @OmarLopez-kh3dx 3 роки тому

      @@tankercrewchief Hey bro, Did your parents say the price was too high? Did u chose 1100 off the top of your head? Or is that what tenants usually pay for rent out there?

    • @tankercrewchief
      @tankercrewchief 3 роки тому

      @@OmarLopez-kh3dx Parents?

  • @ekam0671
    @ekam0671 3 роки тому

    Can you please explain how to generate downpayment would be really helpful.

  • @elijah7323
    @elijah7323 3 роки тому

    are you making 25% back just on the profit of the monthly payments from the tenant?

  • @fabfoz
    @fabfoz 3 роки тому

    Not necessarily true re: location. Los Angeles is BOOMING is specific areas...not all those areas have the best schools or job markets, just take a look at the home values over the last few years ...its INSANE. And I’m not talking about Bel Air/Santa Monica

  • @raycrenshaw6112
    @raycrenshaw6112 3 роки тому

    Hey Kris, I'm inspired... how do i get a copy of your book so I could start my own journey?

  • @SuryanshS
    @SuryanshS 3 роки тому

    What if ..
    Any one start "great plan " of real estate
    And buy first house (mortgage house)
    Tenant leaves..
    Then how we will pay our mortgage payment monthly...
    And this was our first house .
    And player was alien (non 🇺🇸 resident)
    Plz any one solve above question

  • @kiyaheza7485
    @kiyaheza7485 3 роки тому

    Subscribed!

  • @kasandra5439
    @kasandra5439 2 роки тому

    Hey chris thanks I want to start main in Uganda this year

  • @keythefreelancer5522
    @keythefreelancer5522 3 роки тому

    Do you have a mentorship program?

  • @takahashikimura3142
    @takahashikimura3142 3 роки тому

    learning

  • @juandiegobernalplata3961
    @juandiegobernalplata3961 3 роки тому

    The interest rates are for US citizens? Could you provide this tips applied to non us Citizens?

  • @SR-sk6py
    @SR-sk6py 3 роки тому

    Hi, I want a copy of the 📚 book.. how can I get it ?

  • @ab221983
    @ab221983 3 роки тому +1

    Great GREAT video! Thx for sharing!!!!!

  • @thebestgamer1235
    @thebestgamer1235 2 роки тому

    Great video 📹 👍

  • @leonflowers2073
    @leonflowers2073 3 роки тому

    Where do you get the funds to buy multiple properties? Private lenders?

  • @cubanumero1
    @cubanumero1 3 роки тому

    Great info! Thanks.

    • @kriskrohn143
      @kriskrohn143 3 роки тому

      I appreciate. For more
      W/h/a/t/S/a/p
      •+1•908•79•3•8•90•5

  • @jamesmartinez7837
    @jamesmartinez7837 2 роки тому +1

    How could I get the book

    • @KrisKrohn
      @KrisKrohn  2 роки тому

      I got you buddy. Here's the link www.kriskrohn.com/freetrackrecord

  • @jan-michaelmanuel7445
    @jan-michaelmanuel7445 3 роки тому

    Where can I get one of those tables?

  • @JEFFALBERTNETO
    @JEFFALBERTNETO Рік тому

    I will start off In Nigeria, and make a million

  • @musicnw1234
    @musicnw1234 3 роки тому

    How can I watch your videos in a logical order?
    ( Im a beginner)

  • @victorodt.5482
    @victorodt.5482 3 роки тому

    i wish u could share that Powerpoint

  • @stewiegarcia4730
    @stewiegarcia4730 11 місяців тому

    Kris what is the benefit of buying a rental over building it😅

  • @thelovablekrystal8032
    @thelovablekrystal8032 3 роки тому

    What if I want to purchase homes with my LLC?

  • @lenkegyulai4557
    @lenkegyulai4557 11 днів тому

    Oo

  • @advent_films
    @advent_films 3 роки тому

    Incredible

  • @mysticmist2606
    @mysticmist2606 3 роки тому

    Great channel

  • @theun-doing1225
    @theun-doing1225 3 роки тому

    Thanks Kris....see you guys soon ☀️✨💖

  • @rcruz401
    @rcruz401 3 роки тому +1

    You meant to say 35% if its every 3 years..👌