Guide to Buy Your First Rental Property
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- Опубліковано 8 чер 2024
- Buying your VERY FIRST rental property can make or break the rest of your Real Estate career. How about we get educated in the things you should know.
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Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
The above summary disclosure is provided as an overview, and is not intended to be comprehensive. Additional details are reflected below. See full disclosures here: www.kriskrohn.com/epicdisclosure
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.
DISCLOSURE OF FINANCIAL RELATIONSHIP
Mr. Krohn has a financial interest in EPIC Insurance Services, LLC (EPIC), a licensed insurance brokerage agency incorporated in New Jersey, and is compensated by EPIC. See full disclosures here: www.kriskrohn.com/epicdisclosure
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#MoneyMindset - Навчання та стиль
![Calculating Numbers on a Rental Property [Using The Four Square Method!]](http://i.ytimg.com/vi/T_7vhsSBi7c/mqdefault.jpg)
![Calculating Numbers on a Rental Property [Using The Four Square Method!]](/img/tr.png)
Make a video on what can go wrong while buying a real state .
yup
this is why I use these videos mainly as motivation and not as my real estate education 😂
He has a while ago. Just need to find it on his page. I’ve seen plenty where he covers it
@Kris1 Krohn Nice fake account skid :)
@@xreplayzx117replayziscool6 🤣🤣we got him
Other people: buy a whiteboard
Kris: Nah bro, buy a WHITE TABLE
I literally picked your video because I like your way of explaining, it is real & refreshingly different. I just liked & subscribed
I like how I don't have to speed up your videos. Great info and pace....
I wasn't even aware of landlord insurance. You teach me something new in every video. Thankyou!
I really enjoy watching your videos. You break thing downs to a simple science.
I've been watching your videos for months. Learning a lot. Jumping into the real estate in my country. Biggest fan from Myanmar.
How is u r business? Now
You should post your experience on UA-cam
@@salvadorgarciaiii Yeah, that would be great to see your journey!
@@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!
Thanks Kris, this is great information and I now know that I'm ready to buy my first investment property!
His energy towards everything is so inspiring!
That's why he gets alot of views it's all about presentation if he wants he wouldn't get the views he wants
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
I like how specific you got there "7733", haha. I appreciate the love a ton! Thank you.
Thanks for this info! Great advice
This is very impressive and I love anything investing. thanks alot
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.
How long did it take you to get your license
Ppp
First time watching your videos. Learned a lot. Thanks
I appreciate. For more
W/h/a/t/S/a/p
•+1•908•79•3•8•90•5
I need it this video exactly today
That’s crazy
I love your videos , can you make a video what to do to keep from paying so much taxes please.
Thank you Kris, I need 30% so lets get it!!
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.
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The common mistake we newbies make is investing without help and legit guidance from a professional.
@@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.
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.
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Awesome information
Thank you .
This is incredible. Wow!!
I love this guy.
thank you i got your book!
Another great video! Bravo!!
dude i love your content ...
Interesting presentation!!! Like it
Great info! Thanks.
I appreciate. For more
W/h/a/t/S/a/p
•+1•908•79•3•8•90•5
Thank you!!!
Amazing video. 👏
Great channel
Subscribed!
Extremely informative videos! I don’t see a link to get a copy of your guide to buy your first rental property.
Great video 📹 👍
Hi make a video how to buy a property in EU, how it works on 2 and 3 property. Thanks
This dude is awesome
Great video. New subscriber!
Hi Kris! I clicked the link for your book but I didn’t see how I would get it. Helpppp thank you!
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 ?
Kris your new book is not on Amazon, am in Abu Dhabi I need to have it on my table.
learning
Hey Kris, I'm inspired... how do i get a copy of your book so I could start my own journey?
Incredible
You got it
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?
Can you please explain how to generate downpayment would be really helpful.
Do you have a mentorship program?
Hey chris thanks I want to start main in Uganda this year
Nice video
where is that book that you mentioned in the video. I'm trying to look for it but a different book shows up
It is the first link in the description of the video (the one that ends in “freetrackrecord”
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
Great GREAT video! Thx for sharing!!!!!
Where can I get one of those tables?
I have a question, do you need a real estate license to own rental properties in Texas?
How can I watch your videos in a logical order?
( Im a beginner)
Build business credit!!! Use that as a down-payment and fixer upper stay away from business loans
Location, location, location, it's pivotal.
5:00 not the mascots!! Omg Kris I just spit out the water I'm drinking.
The interest rates are for US citizens? Could you provide this tips applied to non us Citizens?
Thanks Kris....see you guys soon ☀️✨💖
I’m not ready yet. I don’t even have a home of my own… any advice?
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?
Yes! House hacking. Look it up
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 !!
What if I don’t want to leave my parents house I haven’t bought my first rental
i wish u could share that Powerpoint
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
F
could a primary residence be a duplex that you are house hacking?
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
Buy a double then move after a few years.
How do u get the 10k/20% roi? U need to payoff ur mortgage of 160k
What if I want to purchase homes with my LLC?
Want my first😎🤙🏽
Hi, I want a copy of the 📚 book.. how can I get it ?
You said in this example that the take home was $300/month so how did you get an ROI of 10k a year?
What if ..
Any one start "great plan " of real estate
And buy first house (mortgage house)
Tenant leaves..
Then how we will pay our mortgage payment monthly...
And this was our first house .
And player was alien (non 🇺🇸 resident)
Plz any one solve above question
hey kris its a shame that your guide relates to america. do you know how we can get that amazing advice and guide from people in australia.
@KRIS I get back 220% on my first time invest in 2020in real-estate and I regret not buying much. Watching your video gave me the courage to do it during pandemic 2019. Thank you
Where do you get the funds to buy multiple properties? Private lenders?
Equity in the houses you buy
I’ve heard a lot of teachers discuss using 100% debt to finance homes what are your thoughts on that? Ie robert kiyosaki
Another video another lesson
hey what shoud i do i have 11000$ and no debt at 16 what woud you do as a first move
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?
I would like to receive the book
Your guide link is not working
Do you need to know your legal obligations if you have a property management?
is it just me or the links above to get the book don't work?
What if nobody rents it for a good while and you were counting on the tenants to make those payments?
What about a helock
6:22 we should educate those who have access to it, about VA loans that usually if not always have a $0 down requirement. 👀
That's an interesting idea, I'll shop that around with my team.
are you making 25% back just on the profit of the monthly payments from the tenant?
all true whats he saying
Where’s the book brother
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?
@@user-ce9um6cs4w is it available on what's app?
@@user-ce9um6cs4w bot located 🚨
@@Daniel18493 Bruh you know that this is a bot right
Pls ping me if yes
QUESTION - If you're only making $330 a month profit from the rent, how are you making $10,000 a year from the house???
Ppp
Ii
Lppppp
Same thing i was going to ask..
do you know what equity is? lol.
Amazing content why don't you monetize these videos??
what would he need it for? he’s a multi-millionaire
What’s the difference between your first book and your second book?
I don’t have the copy yet, of the book
Where’d you get the book?
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.
Ok reach out
+ 1 2 3 1 4 1 2 4 3 8 2
Whtsapp
Take a shot everytime Kris says "check this out"
Feels like I’m getting mortgage advice from Rams head coach “Sean McVay “
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.
what to you is a decent ROI.
better yet what you are looking to net per door per month?
@@amitdarji15 I would say a ytjing above $300/month
@@thomaschung9310this is certainly doable. If you are really focused on generating cashflow, look into doing novation agreements. these work great with expired listing.
@@amitdarji15 thank you!
Where are you located
When you buy a rental property, does the mortgage include property tax or do I have to pay for for that separately?
Your property tax is included in the mortgage. The prop. Tax is easy to figure out because it is based on the mil rate. Also never by a property in a flood or hurricane zone because your insurance will be much higher
In Florida taxes and insurance are included in the mortgage
Rental property would be nice😃
Any advice to start investing in RE, but in Mexico?
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 ?
Your full time job pay
The tenant pays the utilities. You have a lease agreement drawn up and that is included that they are responsible.
Kris what is the benefit of buying a rental over building it😅