Yes, you read that right – you can be a millionaire in 5 years. You don’t even have to have anything! I’m here to tell you that you can reach the million-dollar mark in as little time as possible, and you don’t even have to stop there! In this video, I’ll be teaching you how to become a millionaire in 5 years, even if you don’t have anything.
00:26 Let’s help you join the millionaire club!
01:12 Let’s be clear about how my strategy works
02:05 Years 1-5 = 20 homes
04:08 Unlimited Partnering
05:46 It’s a highly creative game
07:15 No one believed me at first
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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.
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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.
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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:
♫ I want to be a millionare 5 years
from now. ♪ Listen. Today, we are going to be doing a deep dive on what does it take
him what is your game plan year, year, year. For 5 years for you to actually
become a millionaire. Alright. Let's help you join the
millionaire Club. Again, it's not a lot of money but if you can make a million,
guess what? You can make 5 more and you can make 25 more. And heck why not a
whole lot more than that? So, what you need is a game plan. And one of the
things that I've been doing for people for 15 years now is providing custom
game plans. So, what you're about to get is a generic game plan. But at the end of
this, if you like what you're hearing, you can actually talk with a member of my
team and they will give you a custom game plan. In fact, even at the end of
video, you can get my book for free. I have never released this book on YouTube
before. Yhis is an updated version of Straight Path To Real Estate Wealth. If
you're confused on anything I'm about to say here, it's documented here and this
and that no BS consultation are yours to show you how to become a millionaire. So
check it out. First of all, let's make sure we're totally clear on the system
and strategy. If you're new to my channel, you may not know that out of all real
estate strategies, I use lease options. That's what I recommend for every
beginner. And the reason why is because when you do a deal, I want you to target
making $500 a month of cash flow. I want you to target getting paid $5,000 up
front. And when you sell that property, I want you to make 50 to 100 thousand dollars, okay?
There's now every single month money. There's the money up front and then
there's the money at the end, okay? It's a really great strategy. It's basically
honing in on buying single-family homes in your backyard that follow a very
specific criteria that I document in my book. And me my staff can mentor you on
how to make sure you're getting the right one. But let's assume that you've
got that part figured out. Here's what it looks like. Year 1, I want you to buy 2
properties and I'll tell you why. Number 1, I don't want you to get
overwhelmed. 2 properties is totally doable. This is something that you can do
especially if you know how to buy real estate without money and without credit.
Which is something I teach people how to do. Because remember I started with
nothing, okay? When we get into year 2, I want you to buy 3 properties. In year
3, 4 and 5, I want you to get up to 4 properties,
5 properties and 6 properties. Let's actually talk about why. First of all, all
of that combined, if you add all of those up, what do you get? You get 20 homes.
So, in 5 years, if you can get to 20 homes and let's just say they're
each producing five hundred dollars a month. Then we're talking about ten
thousand dollars a month of a residual income. You've also gotten paid $5,000 up front on each of these homes which is an additional
hundred thousand dollars. And let's just say on the low side, you only make 50,000 on each home. 50 thousand times twenty homes is a million dollars. So,
just in case you missed what we just laid out here. If you have the proper
system, this 5 years of just buying 2, 3, 4, 5 and 6 properties
all on the side. By the way, this is like crazy part time you this is not a career.
Do not become a realtor. Don't quit your job. This is just something you have
going on the sidelines. These 20 properties, the goal is for that to
equate to 10 thousand dollars a month, 100 thousand dollars of upfront
money and a million dollars plus of profits. So, that's what this looks like.
And that's what I do for you for your first 5 years. Now, I did this in about
four and a half years. So, I can tell you that if I'm your mentor, I can now show
you how to turbocharge that. Check it out. There's a reason why it took me 4 and
a half years to get to 25 homes. But then the next year, I doubled
everything again. So, I'm just going tO throw this out as a little bonus to you is
that I now do something called unlimited partnering. This is something that I've
made up. And after 15 years, I haven't been able to innovate anything in real
estate until we just got here. So check it out what's going on with unlimited
partnering. I've got a team of 200 experts that go into the very best
markets. And what we'll do is we find the very best deals. And then everything is
entirely turnkey. They find it for you, they do it for you they manage it for
you. They do all of this. And there's a way for you to access my team and have
them do this for you. But more importantly, for your partners.
Let me help create some clarity on what I mean. When you get to your second year
and you have done 5 properties. 2 in your first year and
we in your second year. You don't have a track record. And yes, you'll get 4 and
5 and 6 more but 5 is enough for now other people with money to say, "Hey,
can I give you money? Can we partner up? Can we do this?" And I'm just letting you
know there's a way for you to say yes except have my team come in and do it
all for you. So, here's the big thing that I want you to get. What I just described
here is really creative. Real estate is creative. I remember that when I was just
learning on my very first deal how to do it. My mentors teach me said, "You know
Kris, you can put anything you want in a contract." Like, "What do you mean?" It's like,
"You want to tell the seller that they have to mow your lawn every week for the
next 12 months? You can try putting that in there." I'm
like, "Really? You can ask for like, anything?" Real estate like my brother
just bought a house three minutes from where I live right here. And the house
came with like $100,000 of extra gear and tools and
sheds and work stuff that could have gone. He asked for it to all get thrown
in. So, real estate is a highly creative game and basically what you're supposed
to take away from this is real simple. Some of you are looking at this and
you're saying 10,000 a month, 100 grand up front and a million
dollars of profits. Maybe 2 million in profits. I'm in. Like, let's go right now.
And for you I say, "Good. Links below. Get my book." It's for free. I am going to ask you
to cover shipping so that I can get it in the mail to you. My daughter will be
like stuffing that in an envelope and having a little entrepreneurial
experience so I get to you know pay her a little bit of money for helping get
that out the door. But outside of that, some of you are saying, "Kris, this is
just the beginning." Like, I could take these numbers and multiplying by 10. So
I could have a hundred grand a month. I could make a million up front and 10
million in profits. Well, sure I've gone way beyond that. How would you
do that? This rabbit hole goes super deep. And I just wanted to help you understand
what's really up in the world of real estate. There's so many possibilities. But
now that I've given you the 50,000 foot view. Bring it all back
home and I want you to understand, it starts here. It just starts with doing
something really simple like getting your first property. So, get my book that
entitles you to my system. When you get my book, talk to a member of my team. They
will give you some no BS advice on where you're at and how to get where you want
to go. And if you're sitting there like, "Oh, I'm
too young, I'm too old. I don't have money." Those are all reasons to actually do
this. Here's my favorite part about real estate. I just got to throw this in there.
I didn't have anyone believe in me when I got this game on. Other than my wife
who was supportive but like super nervous, my family thought I was crazy.
They were all concerned. My brother's like, "Dude, what are you doing Red Dog?
You're being so weird." A family nickname. I got my dad who's like, "You're
focusing on college, right?" And everyone was concerned. My in-laws were concerned.
And I didn't really have anyone cheerleading for me. Real estate doesn't
care how old you are. It doesn't care how young you are. But today has still
created more millionaires than any other industry Bar none. Which means that whatever
excuses you've been using to hold yourself back are not yours.
Those are society's excuses. Give them back.
Release them, let go. And get in a game where you can win. Because I'm just
telling you right now, I don't care if you're a teenager, you can win at this
game. If you're telling me you're too old you missed the boat, you're wrong.
Science is going to keep you around a lot longer with what we're doing in the
medical industry. Doesn't matter what your excuses. If you have a goal in a
dream that is bigger, if you can connect with something really meaningful like
the way I connect with my son who has autism. Who needs a dad who has more time
for him and more resources that I have now been able to provide. Or if you want
to take care of your parents that were there for you but financially they are
down and out. Like real estate done correctly knows how to solve all of
those problems. Just waiting for you to step up. So, if it is your time if now is
your game, you've got a game plan. What to do in the next 5 years? You got a free
copy of my book. Talk to my team and get out there and let's make it happen.