Rental Property Investing 101
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Rental Property Investing 101


If you’re watching this video, it’s
probably because you’re sick and tired of working a job and then not having
enough money at the end of the month. And you’re thinking to yourself, “You know, if
I have my money working for me, if I owned all this real estate or these
rentals. And they had a positive cash flow, then maybe they could produce
enough income that I wouldn’t have to work.” And if that’s why you’re watching
this video, you are in the right place my friend. I’m going to tell you that
rentals are something you can easily mess up on or do wrong. But with the
right training and the right mentorship, you can absolutely hit a home run. It’s
certainly what enabled me to retire at the age of 26. My name is Kris Krohn. I’m
a best-selling author. Written many books. I’ve spoken to thousands of people on
stages. And I get to enjoy what I’m going to call semi-retirement. Because the reality
is, I can’t sit still and spend all my time on a beach. So, the rest of the time
is me helping you live the best life that you can. So, today I want to share with you 8
steps. And I want to give you a shortcut to really mastering the rental game.
These 8 steps are really going to help you understand how the game has
played, how it works and really what you do sequentially from start to finish to
actually get to that residual income that I know that you’re looking for.
Friend, I got to tell you, to kick this off, I want to tell you the story about
2 people. The first one is about a man who went to college and got a great
degree. And then what he first did when he got out of college and had this
good-paying job is he started buying a nice car, flat-screen TV, got himself a
beautiful home. Every year, started taking a nice trip. And then woke up one day 40
years later and really didn’t have anything else to show for his life. But
the second person I want to tell you about is a man who decided to do things
very, very differently. In fact, by the time he got out of college, he was
actually buying real estate. And instead of buying that nice house on the hill or
taking those nice vacations, he delayed gratification and he bought home and he
took that cash flow about another rental and then he took that cash flow about
another home. And 25 homes later, he had a 6-figure residual income. And then he
retired. And then for years, he tried to figure out what he wanted to do with his
life. He got… Visited 40 different countries. He’s got 4 kids now and
basically gets to show him the world. He gets to get behind social causes he
believes in. And even recently started making YouTube videos. Now, guess who that
person is? That’s me my friends. And I want to tell you right now that the
coolest thing about being free is that I get to do what I want with my life. So,
this video that I’m sharing with you on the 8 steps of what you do to get in the
game and to get in intelligently, it’s important because what I’m really doing
is giving you a roadmap of exactly what I did. And if you hang tight for the end
of the video, what I’m going to drop on you is my leveled up system that actually
allows me to get a 200% increase on rentals then even what I’m about to show
you. So, get ready, buckle up. Alright my friend, class is in session. We’re going to
be talking about rental properties 101. And the first thing that I need to cover
with you is that you have got to have a game plan. No plan is a plan to fail. And
here’s part of what I mean by plan. What are your goals and why are you getting
in the game? And do you have a strategy for what you’re doing? Have you even
picked a strategy? Now obviously, we’re talking about rentals. But what you’re
going to learn in the bonus at the end of this video is that you can do this thing
called rentals or you can do what I call compassionate financing or lease options
where you’re actually renting a home with the buyer that will eventually buy
it. And I’m going to show you how to make more than 200% of 2x on what you could
make on a rental. And friends, that’s what actually helped me get financially free.
So step 1 is you’ve got to have a plan. And a plan can be as basic as I’m going to
save my money and I’m going to put it into properties and then I’m going to get a
partner. And so, you should start thinking, what is my game plan? And if you don’t
even know what a game plan is, at the end this video, you know, the link below will
give you a copy of my free book. I’ve got a whole plan teed up for you.
Step-by-step, exactly what you do so that you can make millions of dollars in the
game a real estate over time because you got a good plan. Okay, number 2. You had
to choose your market. Because there’s a couple of ways of tackling this real
estate. You can either invest in your backyard or you can invest in the best
markets around the country. In reality, I can actually show you how to maximize no
matter what backyard you live in. I can show you how to maximize your returns or
I can also show you how to go into the best markets. But you need to know that.
You can do both of them. That is a part of the plan and you should just decide.
Am I in a place where I can invest directly in my backyard? Let me share
with you where I would not invest in your backyard. If you live downtown New
York, downtown Seattle, downtown Vancouver. If you’re living in a really big
city, you have got to go out into the suburbs where the price of the homes are
lower than the national median. Which means you got to get to a place I
believe where you can play it safe. Which means buying properties that are under
$200,000 is really where you want to be because when the market ups and downs
and moves and flows, you can still take care of yourself. And when the market
goes down, it doesn’t mean that you get slammed.
Okay. Step 3, you got to build a team. I’m going to tell you right now, this is not a
solo sport. You do not want to play this one all on your own. In fact, if you want
to know how to get burned out and hate your life, choose to be the one that
finds the home, lines up all the lending and then plays landlord. For most
investors that’ll drive you nuts. You want to align yourself with people. And
your team has 3 cores. It is number 1, a realtor. Number 2 a loan officer and
number 3 a property manager. Now, you should find the best realtor that
specializes in investments. You need to find the best
loan officer. Meaning they close lots of deals that specializes in investment
lending. And you got to find a property manager that is not brand new or working
on their first hundred homes. They should have 500 homes or maybe even 1,000 homes. So you want to build an experienced team. How do you do that?
Hello! Get out there, network, pick up the phone and start calling and interviewing
people and put an all-star team together. Okay, the fourth step. You have got to
figure out your financing. Which just means, “How are you planning on buying
real estate?” My book that you can get at the end of this for free will actually
document some different options. For example, you could actually go and get
into real estate no money down. I’ll break that down. There are some deals
where you might want to take money from a 401k or home equity or IRA. You could
move that as a 20% down payment of property. You might have a friend that
has some money and you want to team up and do this together and that’s a way to
do it. Friends, if you want to get in the game of real estate, never use the lack
of money as a reason why you’re not going to play the game. That’s stupid.
It’s actually unintelligent. Right now by watching this video, you just got smarter.
You leveled it up. Just say it. “If I’m doing a deal, the money’s out there.” What
is it? That’s right. If you’re doing a deal, the money’s out there. So, you just
need to have a plan on how am I actually going to be financing my deals. Okay, step
5 to make this work. You need to turn on your lead machine.
You need to actually start getting some deals. Now, remember when you built your
team that realtor, dude, that’s one of the easiest ways to find deals. You might not
find the best deals. You might. But you know, you could also drive for dollars.
There’s a number of ways that you can actually get out there and actually find
some of these amazing deals. In fact, if you’re not, you need to be a subscriber
to my channel. Because guess how many videos I’ve made on how to find amazing
deals? Lots, right? So, you got some more of that information. You need to turn on the
lead machine so you can start basically evaluating deals and find the home
that’s gonna have an awesome ROI that’s going to take care of you. Okay, number
6 once you actually get a deal, you need to know how to analyze it.
I meant analyze. Analyzers are people that never make decisions but stare at
something all day along computing numbers. Don’t be that guy. There’s an
opportunity for you to get in the game and do very well for yourself.
Analyzing really comes down to, “Do you have standards? Are you trying to buy
this below market with equity? Or more importantly, have
you calculated the total ROI?” Like how much money are you going to get back. Or
what’s your cash flow? Will the cash flow make sense? Will it be safe? Will it be
enough? And again, I got other videos on my channel here that can show you how to
do that. Okay, number 7. Once you’ve found a good deal, you need to put your
offer in which means that you’re going tO be doing some negotiating. And this is
pretty simple. I’m going to give you a little hack right now. When you know that
you’re ready to go, if the home is represented by a third party like a
realtor, then you or your Realtor should talk to them and basically verbally give
them their offer. And find out if you’re too high or too low or whether you’re
right on. Why am i recommending that? Because if you just submit paper to them
and you’re totally off, they’ll take 2 days to submit paper to
you and then if it really is a good deal, it’s going to be gone because you’ll go
back and forth for a week. My back and forth usually lasts anywhere from hours
maybe 24 or 36 hours because I’m going verbal before I actually go paper. One
other thing I’m negotiating is that you should know where your bottom line is
and then you should honor that. You go over, it’s a no. If you’re under, it’s a
yes. Get to that as quickly as possible. It is a game of being wicked fast. That’s
how you win. And before I get to that bonus segment, number 8, the final one,
is that you’re going to close on the deal and then you’re going to line it up for
your property management team to take over. Unless you’re gonna do it yourself.
And that just depends on whether you’re really to, ready to jump in the game and
figure it out. Friends, I will tell you, you want to do this one the right way.
You do not want to be licking wounds from being a novice at this and doing
this wrong. I’d rather you take some of that cash flow and give it to a property
manager to make sure it’s being done right out of the gate. Because you cannot
risk having a poor mindset. You got to be focusing on your next deal. Because after
you’ve done these 8 things, it’s rinse and repeat and then it’s keep on
going. Now, true to my word. I offered you a bonus at the end of this. I was going to
tell you how what you can do to actually double your ROI. I do that with my lease
option system. And if you actually look in the link below, you’re going to see 2
links. The first one is get my free book so that I can actually share with you
what my plan is on how you can become a millionaire. Because I am the co-creator
financial freedom. That is the purpose in my life right now, is to help thousands
of people become financially independent. The second link that you’re going to see
down there is to talk to a member of my team about how you can
get into the game of lease option where when you buy the house, the good news is
it doesn’t have to take any of your money. And more importantly, the person in
the home is going to become the buyer of the home, which means you’re going to
save tons of money. You’re going to make a lot more money while providing a
powerful service to them. So, you can investigate both of those links and
they’re gonna help you understand more about get my book for free. I’ve already
bought thousands of them. And I’m just waiting to ship it out to as many people
as possible so that you have a plan to get where you want to go in life. And the
other link will show you exactly what you need to do to earn double of a
typical rental. Friends, thank you so much for watching today.
If you are not a subscriber, you need to take care of that when? Right now and ring
that bell so that everyday I can notify you about
tomorrow’s new video. Thank you so much for watching, take care. You can have it
all. Go crush it.

About Gregory Ralls

Read All Posts By Gregory Ralls

31 thoughts on “Rental Property Investing 101

  1. I'm Currently in San Antonio, TX and chasing Tax lien leads. What's the timeline that I have to close after the Abstract is filed by the county?

  2. How do you expect us (your viewers) to buy into your programs when both others and I ordered some of your books 3 months ago and still haven’t received it. I know countless others in the same situation and also many that complain about paying thousands of dollars and losing it all because your a hoax.

  3. Hi kris I have 19 years old and i’m glad to see your videos and to learn from your experience in real estate
    Actually I’m always waiting for you to post
    I’ve question
    I do not live in USA and I can’t gets your free Book Can you upload a free ebook

  4. Wow, first time here. M so inspired by your videos Kris en would love if you can become my mentor. How do i get contact with your team? Bought my first house 3yrs back en the plan was to start investing in property but now i feel stucked.

  5. Hey Kris
    I started a YouTube channel to kinda document my thoughts as i am building my real estate portfolio so I can look back in a few years to see how my thoughts have changed over time. What inspired you to start yours?

  6. Hi Kris,
    I want to start real estate business but i don't know how? I have build a 2 bedroom house but i don't know if i rent it out or sell it.
    Please advise.

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