Kris I love your videos! I have learned so much! I am 20 years old and followed Your 4 envelope method and just bought my first 2 homes and are currently renting them out to tenets. Keep up the videos man. Your an inspiration!
@KrisKrohn
6 жыл бұрын
Wow! Congrats. Glad I've been helpful! Keep up the good work!
@danielsteckbauer7105
6 жыл бұрын
Hey I’d love to talk to you about how you got started Brennis. I’m 20 years old and if I may ask how did you buy these houses? Did you have a really good job before you started this?
@KK-nk4uv
6 жыл бұрын
Congrats! But what's 4 envelope method?
@alexk-k8107
6 жыл бұрын
Would love more info, if you're open with sharing?
@ilruuihuymymymhm
6 жыл бұрын
Brennis Muttilainen I would love to hear more about your homes. If you are open to sharing
@cjleongson
3 жыл бұрын
Ive watches this like 1-2 yrs ago, and just now got back to watch it again. Now i understand it well
@G.ThatGuy
5 жыл бұрын
Pretty awesome idea. Can you make a Pros VS Cons video on the lease option? Or some type of video of things that could potentially go wrong/ common mistaks with the LO
@quhack7389
6 жыл бұрын
I wanna get into real estate as soon as possible I’ve watched like every video at least 4 times to get a really good understanding. At the age of 17 I’ve learned more than I ever would in a tiny class room. I wanna be my own boss at the age of 25. You’re very inspirational man thank you so much.
@jaimepadilla4328
4 жыл бұрын
How has it been going so far
@tiffanyscavetta8340
4 жыл бұрын
Hey you're 18 now right?? How far have you come? :) You can do it!
@md.nournoby4523
Жыл бұрын
Hi
@benfalach717
Жыл бұрын
Your 21 now, how is it? Any progress updates?
@unclephil2722
Жыл бұрын
We need an update!!
@trentbriggs1198
Жыл бұрын
Stil watching and loving it so far and I'm confused on where you get the $40k from? The leasees do not pay that right? They're paying it down monthly as if it was an already established mortgage So I'm not sure where it comes from in the equation.
@jthb
6 жыл бұрын
im 15 and unfortunatly my age matters but i am taking notes
@harambe1580
6 жыл бұрын
haha same mate, are you studying economy?
@DonUrriaga
6 жыл бұрын
Ayee im 15 to
@jthb
6 жыл бұрын
Gabriel Rocha uh I study economics accounts basically business I.t.... Stocks....
@MohamedHassan-up7sy
6 жыл бұрын
15 year old too, now working in the stock market.
@adrianruiz3341
6 жыл бұрын
you can still do it you need to have a partner that is orlder do the paperwork and do a contract with them
@tyreak15able
6 жыл бұрын
when enthusiasm is shown i know the person teaching is genuine! these two are dropping some real heat within these four videos i love it and cant wait to come back to this vid with the comment saying i did it
@gingerjordan
4 жыл бұрын
Ive been following Kris's videos for a year now, also bought one of his books..Looking at everything at an investor point of view..Being a property investor has been my biggest goal, and is also my childrens goals. Ive now come to realize im to far away from my goal because of lack of my past, credit, and job history ect..So now ive come to the realization a lease option can help me to at least get into my first property..I am now watching the videos to use all the information of the benifits for the investor, to pitch to someone I know that can potentially help me buy useing a lease option on one of his properties..
@956judith
4 жыл бұрын
Ginger Waniandy my situation is pretty unique as well and I may have to look into a lease option !
@halluxinations
5 жыл бұрын
You're honestly so inspiring to me. Im only 15 but I have a dream to get into real estate when I grow up.
@ottoartamo353
4 жыл бұрын
Im 13 but already interested in real estate and I think I just learned what a lease option is! Thanks from Finland🇫🇮
@chaninenouah2843
4 жыл бұрын
woow! I've never been interested in real estate until lately. I wanted to have a basic knowledge and technics for future plans. This is so clear and plain for my understanding. Thank you guys for sharing this tips
@jayadevrana3657
4 жыл бұрын
Krish Krohn is the best salesman I have ever seen
@HRGamers1
5 жыл бұрын
When kris says "take notes, I know you don't normally use it"; look down to my hands holding a pen and a agenda to take notes "try me"
@marioandultrachap
2 ай бұрын
2 questions. 1. If theyre building equity you wont be able to refiance will you? 2. Youll be losing the house if they buy which means no more infinite equity
@mikefieselman
5 жыл бұрын
at 8:20 you calculated vacancy as an expense towards the cashflow, however the cashflow number you calculated, already took vacancy into consideration...
@cihatecicek
4 жыл бұрын
what do you mean by 15 percent equity position mentioned in he video? down payment of %15 ?
@grantrmoore
5 жыл бұрын
Kris I have 1 question with this tho.. What u typically preach is to use a home equity line of credit to then purchase your 2nd home.. Now you've eliminated that possibility with a lease option, the equity is no longer mine or is it?
@dylonnace8585
5 жыл бұрын
Slim Chain this is an option for people that can’t use a traditional loan to purchase a home, however you can still find a lease deal in which you find equity. When someone else leases or buys the home from you, you will see that equity
@KrisKrohn
5 жыл бұрын
Dylon Nace EXACTLY!
@aadams3995
6 ай бұрын
Thanks so much for this video. This video is pre-covid days and about 7 years old. Is there any chance you have a video on this topic with today’s numbers?
@jeremyvillalon8287
6 жыл бұрын
I have been saving on my 401 for about two years now I would love to start ASAP I am only 24 years old!!!
@G_SixT
6 жыл бұрын
What is the scope of house buying? Within same state? Country? Do you physically go to every home?
@heavy7097
5 жыл бұрын
I’m looking for a video that will tell me how to set it up. Contracts? Lawyers?
@cryptoflip4625
4 жыл бұрын
My first time watching L.O bcuz I didnt understand but u guys explained it perfectly to where I totally understood it.!!!
@mirandabass5431
5 жыл бұрын
This was awesome! I’ve been telling my fiancé this for a whole year now, and finally he understands! 🙌🏼🙌🏼
@KrisKrohn
5 жыл бұрын
Miranda Bass LOVE IT! If you want more info email me kriskrohnrei@gmail.com
@jaireanthony7876
5 жыл бұрын
i am 16 and i have been enjoying your videos, i am taking notes on these topics and relaying them to my parents in a effort for them to try this cause i can see this working and even though they wont try it i surly will
@christhrowndotz4203
6 жыл бұрын
I’m 24 I work 70 hours a week and I don’t see a future in taking care of my mom and sister plus my life and doing the things I want I’m willing to do everything it takes I listen to audio books motivational speakers and videos like yours everyday I want all the help and information I can get please help me in anyway you can
@alexandrucamila8818
4 жыл бұрын
Move to Denmark :)
@babayaga8126
4 жыл бұрын
Hey man all you gotta do is Visualize everyday where you are and your seeing yourself driving your dream car and listen to affirmations Hope it helps :)
@checkerbunny565
5 жыл бұрын
Hey Kris, I’m doing a persuasive speech on why you should consider a Lease option over renting out your house and I was talking to a realtor I interned with over the summer and she considers Lease Options to be fraud, why do people think that?
@topinfoproducts2754
6 жыл бұрын
Definitely going to do Lease Options. Also, I’m watching this at school 😂
@ibiangobono3704
Ай бұрын
Thanks a lot Kris I'm just 11 but your videos are so simple, even I understand them thanks man
@twartles6139
4 жыл бұрын
I like how when scrolling through the comments i see that half the people including myself are 13-18
@adamm5205
6 жыл бұрын
Rent is better than lease option, with a rent you can make your Tennants sign the contract making them do the repairs and maintenance, also if you live about an hour from your property you do not need a property manager yet
@lanabeatty6760
3 жыл бұрын
I'm 17 and I am already studying for this 😁
@MatPhi
3 жыл бұрын
Me too 😊
@naxell6640
3 жыл бұрын
I watched this video at 17 now rewatching it at 18, lets marry
@ayrtonjamesleith1936
3 жыл бұрын
Let’s go to everyone under the age of 19 🥳
@wendellmeusa2509
2 жыл бұрын
OMG...I did it...it's amazing! Thanks Chris!
@SmartRapperTV
6 жыл бұрын
I can teach you to rap if you need to. It's kind of what I do lol :D
@MyBurnerAccount
6 жыл бұрын
Smart Rapper Gang wtf you doin here??
@Jeremiah1619
6 жыл бұрын
Thanks a lot for your videos
@671brayan
6 жыл бұрын
Bro wtf haha funny i watch your videos too.
@grantrmoore
6 жыл бұрын
Hahaha we r treading on the same stomping grounds Smart Rapper!
@Jiggzz
5 жыл бұрын
Rob lol lets do a real estate song. 🎙💪
@jagvocate
6 жыл бұрын
Are people willing to LO a house that already has your mortgage on it? What about the insurance you’re required to keep during the life of the mortgage?
@BianicEpicVideos
6 жыл бұрын
Dude that scream at 0:22 was a sound effect or no because it was perfectly on time.
@zlandrez833
5 жыл бұрын
Hey Kris, probably u won't read this but I just bought your book because I'm only 15 and I really wanted to invest in real estate, thank you so much for the knowledge
@kingcj6533
5 жыл бұрын
You earned my subscribe when you started rapping . Lol
@BrewCrew-tq8oy
3 жыл бұрын
I love that 12-18 year old kids are watching this.. I'm 33 and just learning now! Keep on going!!!
@kriskrohn143
3 жыл бұрын
W/h/a/t/S/a/p •+1•9•0•8•7•9•3•8•9•0•5
@kriskrohn143
3 жыл бұрын
For advanced info
@CWK09
6 жыл бұрын
"He's a total math nerd" Can't do 3rd grade math.
@jadams0318
5 жыл бұрын
Lmao
@richardsanchez2209
5 жыл бұрын
Yea that’s why he’s a multi millionaire 🤣
@KrisKrohn
5 жыл бұрын
I’m only qualified to do 2nd grade math 👀
@ontherisewithcandyceevette3037
5 жыл бұрын
@@KrisKrohn lmao
@josephholdman1037
5 жыл бұрын
No! Take it to calculus! No problem!
@Darkeiser.7
6 жыл бұрын
Been a while since I commented but. Can't wait to get started. Now, hurry up and make the videos. How do you set up the lease?
@AtizaJuanita
6 жыл бұрын
Kris this is just amazing... What a great channel... You're about to change my life cuz I already made a decision because of your content... I'm 21, live in New York and I'm living in a rent so I'd love to buy my first property whiting the next 3 month.. I don't want it to be in New York... I want to buy in Florida... All I know about Real Estate is thanks to you... I feel like I need more knowledge though
@KrisKrohn
6 жыл бұрын
Fantastic attitude! Glad you found this channel. Keep watching these videos, and when you are ready to invest in Florida, let's chat.
@AtizaJuanita
6 жыл бұрын
Do you have properties in West Palm Beach?
@KrisKrohn
6 жыл бұрын
We dont' have inventory, but will find a property that meets your goals. Right now there are some amazing deals in Kissimmee.
@AtizaJuanita
6 жыл бұрын
That sounds interesting.. but it's not only my decision... My mom wants to leave in West Palm Beach... She loves it... If your interested in having me as a client I would love to negotiate with u... I would feel in safe hands
@MyeongsooChoi
6 жыл бұрын
Do this Real Estate tips only work in America?
@raymondtongolei6019
6 жыл бұрын
Hi Kris thanks for the video on Lease Option. I want to learn the best terms I can negotiate a Lease Option for myself as my primary residence. My credit is low and job history is only 1 year in a new occupation. I want to buy in 12 months, now I'm working on paying my credit card debts and improve my credit score.
@taeway2206
5 жыл бұрын
I’m confused .... but if you rent it out your goin to continue to own that house but I thought if you lease the house your goin give it up one day ?
@jeancarlocardenas1200
3 жыл бұрын
so if the down payment is non refundable and it goes towards the investor does it still count as building equity in the home?
@MJ-wi1tc
5 жыл бұрын
Wearing that leather wristband Looks like he’s waiting for a falcon to land in his arm😂
@propertyomgtv254
4 жыл бұрын
Hey You're just awesome! I finished all your four videos at one go. I'm from Malaysia Kuala Lumpur and have been doing deals from bank foreclosure. But this requires huge capital even though it can be very profitable too. Now your teaching has opened up new horizons and business opportunities here. I'm grateful.
@K1izCyrax
6 жыл бұрын
Thanks for the video gentleman, graduating from college next year and trying to get a jump start on the next chapter of life..... ON TO VID #2!!!
@adhdfitgirl
4 жыл бұрын
amazing! what are you truly passionate about in life?
@trevorrogers3233
6 жыл бұрын
You are accounting for the vacancies when you multiply by 11 months right? Then you are taking out again for vacancies below. I think you did it in rent and in LO scenarios. Did I miss something?
@ericv8395
6 жыл бұрын
Rent to own homes are the best thing happened to me. I get them for 300% less than market value from here and then sell it for real price.
@busyb9031
6 жыл бұрын
How??
@dtruth5769
3 жыл бұрын
How do u determine the 4yr new value with the house. Also if it appreciated more than u promised. Your leaving $ on the table.
@camarojoe1997
6 жыл бұрын
question. how do I report leasers to credit bureau weather they pay on time to improve there credit for future purchase of property? and vise versa
@BradKaellner
6 жыл бұрын
Lease option is such a powerful strategy. Consider targeting homeowners that bought right before the peak (2006/2007).
@freesol1
6 жыл бұрын
You are double counting your vacancies. You only take into account 11 months of rent (after 4 years thats 8800) instead of using 12 months which means 1 month is for vacancy. Then you take out a vacancy exp of one month.
@chriskline8012
6 жыл бұрын
well when you're trying to prove your point you don't need to worry about real facts
@freesol1
6 жыл бұрын
ahahaha tru bro!
@thatawesomesound1552
6 жыл бұрын
He is not counting them twice. He does 4 x 1000 (mortgage expense). You dont collect rent But you do need to pay the mortgage, this creates his 4K expense
@freesol1
6 жыл бұрын
@ThatAwesomeSound They most certainly collect rent. Their cash flow is based on cashflow{8.8k) which is rent minus mortgage (this includes a $200 vacancy exp). Plus their mortgage expense is not 4 X1000. If you are calculating mortgage expense: Monthly mortgage is $1000 yearly it would be $12000 and since they are holding for 4 yrs cost of mortg after 4 yrs would be 48000. They calculate a $200 vacancy exp in their cash flow then $4000 in vacancy exp.
@russelwestbrook8830
6 жыл бұрын
He is not double counting. The 8.8k is the cash flow from 11x4 months. Now, with 1 month vacancy, there is no rent collected, thus he has to pay $1000 out of pocket to cover the mortgage. Over 4 years that would be 4k.
@charlesmapare
Жыл бұрын
Kris i have been following your videos and i am learning a lot. I really appreciate man 🤞. I was wondering how i can get my hands on your book
@Thakko
6 жыл бұрын
Now next to part 2. Really worth it!
@goldencleopatra
Жыл бұрын
At the end of the year, if the person stops paying rent and refuses to leave, how do you have them vacate the property? Is it the same way as a regular lease or different...
@vicenteponce4553
6 жыл бұрын
You had already accounted for vacancies in the cash flow
@jayspeeds3574
5 жыл бұрын
lol i was scrolling down to see if anyone caught this as well lol Kris is still the man tho 💪🏽
@rekasfpreparat
5 жыл бұрын
Yep, so in the end he would have made 15k.
@diegoa8794
5 жыл бұрын
Plus he was paying down the principal every month so he would owe less on the mortgage
@rudyhernandez7589
6 жыл бұрын
kris what is your opinion about FHA loans? is that the way your started buying your new home?
@theshamanist113
6 жыл бұрын
What the heck is that scream @:20!?!
@2PacStoleMyBike
6 жыл бұрын
His video editor 😂
@KrisKrohn
6 жыл бұрын
Ha! My son in another room.
@kalennkrohn5505
6 жыл бұрын
Totally our kid!
@pete8220-g5p
6 жыл бұрын
😂😂😂😂😂
@FearlessMillionaire
6 жыл бұрын
Holding hostages?
@mattherrod1578
5 жыл бұрын
How do you take the 40k rise in property price on the lease option? Surely the aim is that they are agreeing to buy the house in 4 years at the price it was? If your taking the rise in property value then they are better off renting the house and having you pay for repairs etc..
@ryguy108
5 жыл бұрын
You missed a crucial part where you didn't state how much of the "rent to own" rent is going towards lowering there final sale price if they decide to buy it.
@Gevorkal
5 жыл бұрын
It's in part 3
@kaneibarra3738
5 жыл бұрын
That’s why he says they set a base price meaning no matter how much they put toward it, they won’t receive less that that #
@lucalambeau5524
3 жыл бұрын
So can you lease out a property without even ´really‘ owning it?
@44dhelk
6 жыл бұрын
Maybe I am missing something, but while calculating the profit on the rented house, how would we not factor in that $44,000 worth of the mortgage has been paid by someone else? (48 months minus the 4 months of vacancy, which is assumed we paid out of pocket). So, after those four years, we don’t owe the 170. We owe roughly $126,000. With that being said, when we sell for $210,000, the number from which we subtract realtor fees, updating expenses, etc., would actually be the difference between $210K and $126K (the balance on the mortgage after 4 years) which would now be $84,000. Thanks in advance. I am just confused as to why, after having someone else pay our mortgage for roughly 4 full years, we say we “owe” 170K on a house we bought for 170K?
@MorisUIC
6 жыл бұрын
Eric Elkus the 1k for the mortgage payment would not be 100 percent to the principal so there is no way the balance would go down 48k. Even if you got a fixed rate for 15 or 30 years the interest is front loaded so the principal change is very minimal in the first 5 years. The property I bought for 72k has gone down to 65k in 5 years. Most of that mortgage payment has gone to interest and property tax, you just bank on the value of the property going up
@TedZ2121
5 жыл бұрын
Totally correct! The $1000 mortgage payment will go towards building equity in the home. BUT!! This $1000 mortgage payment is the same in BOTH scenarios so they cancel each other out. This video is only highlighting the DIFFERENCES between the two options. I hope that makes sense friend!
@chrisredden7470
5 жыл бұрын
@@MorisUIC how bad is your interest rate. Obviously the whole payment doesn't go towards the principal but those numbers seem especially bad. I'm currently buying a house for a similar amount but I expect to pay off about 4000 towards the principal a year. More than half of my monthly payment should go towards the principal.
@DrLA8
6 жыл бұрын
I really don’t get where the 40k comes from in your lease option, when you do a lease option aren’t you supposed to set a price? Legally the lease option is a double sized contract, 1 for lease and one for buying. So actually in your Lease option it should be 25,600+30,000. Please tell me what I’m missing
@fudogwhisperer3590
5 жыл бұрын
How are your monthly expenses (cap exp) and Principle interest and insurance(PITI) going to be 1200.00 on a 170K house? They left out the marketing expenses and the possibility it sits empty for a while. You have to have a funnel set up of people wanting to rent to own.
@KrisKrohn
5 жыл бұрын
Fu Dog Whisperer I go into WAAAYYY more detail in my lease option program! Email me if you’re interested kriskrohnrei@gmail.com
@beatsbycyco
4 жыл бұрын
i love him and have been listening and following him since the first video
@MiguelVargas-pz5zv
5 жыл бұрын
I like how they make those small pauses when it comes to basic math equations and using the calculator. Smart move tho. More minutes being counted on for their KZitem channel
@rnefamily2105
5 жыл бұрын
Hey kris ! question if I have terrible credit and I’m 5k in debit how would I invest in real estate ?? is the only way threw a master leas agreements?? Please let me know as soon as possible !!
@joseaguirre181
6 жыл бұрын
he’s a good beat boxer lol
@cru3lw0rld_96
6 жыл бұрын
Jose Aguirre, what part does he beatbox? (I didn’t watch this whole video, I clicked away at 30 seconds.)
@Gabriel.4190
6 жыл бұрын
@@cru3lw0rld_96 oh, Morty. 😂😂
@cru3lw0rld_96
6 жыл бұрын
Anonymous what? 😂😂😂
@joeyrandolph7854
6 жыл бұрын
Jose Aguirre bthe b
@Gabriel.4190
6 жыл бұрын
@@cru3lw0rld_96 you want to see my pog collection😂😂
@ST-qt4vk
6 жыл бұрын
With the difference in price why would somebody even bother about a lease instead of a rental? Notes: - Im from the netherlands - I heard him say something about people wanting to but being unable to buy a house - Plz elaborate
@epauloconnor
5 жыл бұрын
Over 4 years... you'd probably pay $5,000-$10,000 of the principal, so it'd be more like $160,000-$165,000 owed.
@dustinsnare
2 жыл бұрын
Thanks Kris, great rock, solid easy number comparison.
@bari6498
5 жыл бұрын
Its 2019 im trying to turn my life around doing this
@jordymurillo8006
5 жыл бұрын
Realshit
@juliangoings8923
5 жыл бұрын
You too?
@vanessamiller1503
5 жыл бұрын
can relate
@KrisKrohn
5 жыл бұрын
If you need help email me kriskrohnrei@gmail.com
@lianashaffer1983
5 жыл бұрын
We just got shutdown from a bank for a loan. But we are close to getting the credit where we need it. I will be emailing you in the future kris. Just stumbled upon this have almost the same story. Struggling financially with 5 kids ...I don't feel like "a man" I WILL turn this around and share my success story
@valentinadrosu9081
6 жыл бұрын
This is great! But I have one question: If the tenant connot afford to pay the total amount and changed the mind to buy the house, I should return the extra 400$ that he paid (equity on house)? How this works in this scenario? Thank you!
@tragic1308
6 жыл бұрын
Your adding $40k profit of equity, that wont be yours since your leasing with option to buy to client. misleading ?
@jeremyharris2980
5 жыл бұрын
True
@NotaSmurf
5 жыл бұрын
I was thinking the same thing because the person who they're leasing the home to is the one now adding value to the home. Plus the agreement will be set of the house value of the year the lease was signed.
@lelzzz9390
5 жыл бұрын
Yeah I’m literally ignorant on real estate and saw obvious errors all over this video... they need to relax and script this out more
@KrisKrohn
5 жыл бұрын
You access the equity before the mortgage and title goes to the tenant... you sell the house to the tenant after the equity is accessed
@JohnDoe-gw3mp
5 жыл бұрын
@@KrisKrohn Do a video on it
@themotivator3975
5 жыл бұрын
Kris Krohn I really like to join real estate but dont know how,think you could be my mentor,just a college drop out without employement,love your videos really motivate me
@weloveeverything7804
5 жыл бұрын
Same bro let's work together from online Whatsaap +917907666974
@themotivator3975
5 жыл бұрын
Thanks will do communicate just saw your message
@JaysterJayster
6 жыл бұрын
Is it possible the tenant doesn't do the repairs in the lease option, and just lives through wear and tear? They wear things down and don't buy the property in the end, leaving you with a house that requires fixing if you want to do anything with it again? So it's out of your pocket anyways?
@snoshii2797
6 жыл бұрын
No because you state in the contract you create with them that they are responsible for all repair fee's for anything that broke down while they were at your home
@michaelmoon1214
6 жыл бұрын
And if they disregarded what it says in the contract and leave anyways, what then?
@snoshii2797
6 жыл бұрын
sue them
@grantcoleman8532
6 жыл бұрын
Okay I understand how you keep buying houses but the blank spot for me is how you’re paying it off? In my eyes I see a bill getting higher and higher? Can you please explain the grey area? Thank you
@vincentgoulet1347
6 жыл бұрын
With a lease option the renter don't necessary have to buy the house therefore you still have to pay for repairs?
@KrisKrohn
6 жыл бұрын
Not unless they move out. The agreement puts that responsibility on them.
@jacobwilkinson3958
6 жыл бұрын
All responsibilities are stated in the lease. If you want that on them, you put that on them.
@nicklewis2826
6 жыл бұрын
Kris Krohn - Limitless TV you actually get these people to sign these lol? I would never sign I lease where I am responsible for repairs. What happens if the ac unit goes out? Am I paying 5k for that if I don’t own the house. No. That’s not how a lease option normally works lol.
@seanmorrissey5729
6 жыл бұрын
You would if you were paying a bank mortgage on a house, wouldn't you? The bank sure wouldn't. The only difference in this case is that Kris is playing the role of the bank. It's rent-to-own. The property will be yours once you pay the lender back in full.
@nicklewis2826
6 жыл бұрын
Sean Morrissey here’s the difference amigo. In situation one, paying the bank, I have the deed in my name. Situation two, the deed of the home is in Kris’s name.
@chin801
4 жыл бұрын
What if the value of the house goes up drastically with a lease and the tenants are doing a lease to own.... would you sell it to them for the current house value or they value it was the day they signed the contract?
@Africanus1
3 жыл бұрын
You’re locked into the price unless they are cheap idiots who had no experience or representation.
@travishill1692
6 жыл бұрын
Kris this is gold brother. Great as always! Can't wait for the next 3 videos. I live in Canada so I understand not everything is the same but really love the content. Great work! Cheers
@rovie8976
3 жыл бұрын
Does this only work for a house you own straightout? I mean how would it work if the house is on loan and the 'buyer' can't pay?
@tompuijpeNL
5 жыл бұрын
Mhhm little vague, I feel that the video should a little longer and there should be more about the why instead of what. It feels like this is too 'amazing' and maybe 'fake' because for me the video went too fast paced and the numbers weren't clear. Also if you do a leace option why is there any vacancy at all with the nonrefundable payment And why is this about the home-owner istead of the buyer, I thought I was going to do a leace-option and buy it later with profit. Now you guys propably didn't mean to give that impression and I am coming from a lower place, but it didnand feel scammy.
@maxbarona2578
3 жыл бұрын
i know of a 7 hour class from a guy whos made millions using lease option. its as in dept as it gets
@Stength
5 жыл бұрын
My home is 15k under water because of the 2008 housing crash. I want to move but can't afford 2 mortgages. Can I do a lease option on my current home?
@stamathsxontrogianhs5128
5 жыл бұрын
12x100x4...sweating for 10 seconds....4.800
@BlackPearlTee
4 жыл бұрын
Guys I don't understand the repairs thing. They can't get a bank loan but they can handle big repairs like roof, hvac, etc? Why would i leave that to them, run the risk of them not doing what they're suppose to and ruining my property when they decide they no longer want to buy? Do you have a home warranty? Do you check up on the property in between time?
@phen0mejon99
5 жыл бұрын
How do you get the house in the first place...
@stressfree.worldwide
5 жыл бұрын
You have to buy the book.
@KrisKrohn
5 жыл бұрын
Go to a home owner and ask if you can buy it lol
@christophersimpson9108
5 жыл бұрын
But doesn't the lessor get any of that back if they buy? Or are you est. based on them backing out?
6 жыл бұрын
That doesn't work in most countries!
@Isariu11
5 жыл бұрын
Do you buy both homes the same and just instead of renting it you lease it? Or do you have to to buy the house as a lease option as well
@AndyDittmar1
6 жыл бұрын
How are you getting the 15% equity on both options? I have a hard time wrapping my head around why you would get it in the lease option. Wouldn't the original seller want to pocket that $30k?
@KrisKrohn
6 жыл бұрын
Great question. More answers coming tomorrow.
@alex_1309
6 жыл бұрын
Hello man, I don’t understand what’s that 10k collecting fee or how’s called. Can someone explain please ?
@jakestanleytravel5462
6 жыл бұрын
how do I pay for a house in the first place ?
@mr16325
3 жыл бұрын
Go to bank, put down payment, get mortgage
@calincampbell5637
6 жыл бұрын
The trick that some people don't understand is that it's simple to understand. It all just makes sense. If you think too deep into it you'll get confused
@KrisKrohn
5 жыл бұрын
Calin Campbell Real Estate is easy.... TAKING ACTION is what people struggle with
@cooldude423100
5 жыл бұрын
I’m a bit confused, where did the 15k of realtor expenses disappear to? Also does that include property tax?
@kenbigblake
5 жыл бұрын
No realtor needed with a lease option.
@beefc4ke_sundae301
5 жыл бұрын
Property taxes are usually built into the loan. Banks dont like taking the chance on u paying it separately cause if u dont pay theyll risk the IRS gtting their hands into the pot basically. Or at least thats what ive gathered from these videos
@josecabello167
6 жыл бұрын
Kris when you put down 5000 for your first house did you pay off your first house before you got your 2nd house ? Or is that how you get others to pay for the house while you flipping them?
@axethetic1516
6 жыл бұрын
But the question is how to do I own or buy that house when I’m 18 with no money?
@KrisKrohn
6 жыл бұрын
Here you go: kzitem.info/news/bejne/wJqZ1IWdg5xepJw
@KrisKrohn
5 жыл бұрын
Anymore questions feel free to email me kriskrohnrei@gmail.com
@MyGUNZ123
4 жыл бұрын
You get it for free in lala land
@adrianaprzz
2 жыл бұрын
When you first started real estate did you get your license right away? I’m debating on buying my home first then my license once it’s purchased I’m not quite sure
@PoorlyGenie12
6 жыл бұрын
In your lease option calculation you don’t award any equity to the renter, you’re pocketing every bit of their money. That by definition is not lease to own
@RevelCris
6 жыл бұрын
PoorlyGenie12 maybe they loose all equity if they don't purchase in the end
@calincampbell5637
6 жыл бұрын
They are buying the property from YOU. which you will sell for 200k instead of the 170k you bought it for. that original equity is yours to keep
@calincampbell5637
6 жыл бұрын
Also the renter is getting equity by paying for the mortgage and the extra money from the monthly payments is profit for the property owner
@alexg8243
6 жыл бұрын
Chris! I join many people in comments by saying I really love your style and the quality of videos you make! Your numbers on this one is a little off. Recalculate your vacancy on rent option.
Пікірлер: 1,1 М.