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Invest In Real Estate With No Money: What Is A Lease Option

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Can you really invest in real estate with no money? The lease option strategy is my #1 real estate investing strategy, and uses no money out of your own pocket.
🤝 Got Money or Retirement Savings? Partner with Kris on Deals:
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Kris Krohn & Nate Woodbury
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Опубликовано:

20 авг 2024

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Комментарии : 1,1 тыс.

@brennismuttilainen8198 6 лет назад

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 лет назад

Wow! Congrats. Glad I've been helpful! Keep up the good work!

@danielsteckbauer7105 6 лет назад

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 лет назад

Congrats! But what's 4 envelope method?

@alexk-k8107 6 лет назад

Would love more info, if you're open with sharing?

@ilruuihuymymymhm 6 лет назад

Brennis Muttilainen I would love to hear more about your homes. If you are open to sharing

@jthb 6 лет назад

im 15 and unfortunatly my age matters but i am taking notes

@harambe1580 6 лет назад

haha same mate, are you studying economy?

@DonUrriaga 6 лет назад

Ayee im 15 to

@jthb 6 лет назад

Gabriel Rocha uh I study economics accounts basically business I.t.... Stocks....

@MohamedHassan-up7sy 5 лет назад

15 year old too, now working in the stock market.

@adrianruiz3341 5 лет назад

you can still do it you need to have a partner that is orlder do the paperwork and do a contract with them

@quhack7389 6 лет назад

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 года назад

How has it been going so far

@tiffanyscavetta8340 4 года назад

Hey you're 18 now right?? How far have you come? :) You can do it!

@md.nournoby4523 Год назад

@benfalach717 Год назад

Your 21 now, how is it? Any progress updates?

@unclephil2722 Год назад

We need an update!!

@gingerjordan 4 года назад

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 года назад

Ginger Waniandy my situation is pretty unique as well and I may have to look into a lease option !

@cjleongson 3 года назад

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 лет назад

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

@tyreak15able 6 лет назад

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

@HRGamers1 5 лет назад

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"

@chaninenouah2843 4 года назад

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

@halluxinations 5 лет назад

You're honestly so inspiring to me. Im only 15 but I have a dream to get into real estate when I grow up.

@jayadevrana3657 4 года назад

Krish Krohn is the best salesman I have ever seen

@ottoartamo353 4 года назад

Im 13 but already interested in real estate and I think I just learned what a lease option is! Thanks from Finland🇫🇮

@christhrowndotz4203 6 лет назад

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 года назад

Move to Denmark :)

@babayaga8126 4 года назад

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 :)

@topinfoproducts2754 6 лет назад

Definitely going to do Lease Options. Also, I’m watching this at school 😂

@BrewCrew-tq8oy 3 года назад

I love that 12-18 year old kids are watching this.. I'm 33 and just learning now! Keep on going!!!

@kriskrohn143 3 года назад

W/h/a/t/S/a/p •+1•9•0•8•7•9•3•8•9•0•5

@kriskrohn143 3 года назад

For advanced info

@mirandabass5431 5 лет назад

This was awesome! I’ve been telling my fiancé this for a whole year now, and finally he understands! 🙌🏼🙌🏼

@KrisKrohn 5 лет назад

Miranda Bass LOVE IT! If you want more info email me kriskrohnrei@gmail.com

@jeremyvillalon8287 6 лет назад

I have been saving on my 401 for about two years now I would love to start ASAP I am only 24 years old!!!

@trentbriggs1198 Год назад

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.

@marioandultrachap 24 дня назад

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

@miguelangulo8036 4 года назад

There are so many assumptions on this video... If the tenants gave you $5000 as down payment that should go towards their equity of the home. In other words, they own $5000 of the home. You are also assuming that this happens twice (thus the $10000) and that none of tenants decide to keep the house at the end. Leasing (also known as home-owner financing) isn’t always the best option. Also, a $200 increase in rent can make any tenant look for other alternatives. This is will make your vacancy period much longer.

@mikefieselman 5 лет назад

at 8:20 you calculated vacancy as an expense towards the cashflow, however the cashflow number you calculated, already took vacancy into consideration...

@twartles6139 4 года назад

I like how when scrolling through the comments i see that half the people including myself are 13-18

@giganigga2705 5 лет назад

Lease to own has a buyer making payments/1 Time payment of house ---renting has someone covering your bills towards owning the house lowering potentially loss income / final sale price - what is owed still = profit

@BradKaellner 6 лет назад

Lease option is such a powerful strategy. Consider targeting homeowners that bought right before the peak (2006/2007).

@theshamanist113 6 лет назад

What the heck is that scream @:20!?!

@2PacStoleMyBike 6 лет назад

His video editor 😂

@KrisKrohn 6 лет назад

Ha! My son in another room.

@kalennkrohn5505 6 лет назад

Totally our kid!

@pete8220-g5p 6 лет назад

😂😂😂😂😂

@FearlessMillionaire 6 лет назад

Holding hostages?

@lanabeatty6760 3 года назад

I'm 17 and I am already studying for this 😁

@MatPhi 3 года назад

Me too 😊

@naxell6640 3 года назад

I watched this video at 17 now rewatching it at 18, lets marry

@ayrtonjamesleith1936 3 года назад

Let’s go to everyone under the age of 19 🥳

@jaireanthony7876 5 лет назад

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

@SmartRapperTV 6 лет назад

I can teach you to rap if you need to. It's kind of what I do lol :D

@MyBurnerAccount 6 лет назад

Smart Rapper Gang wtf you doin here??

@Jeremiah1619 6 лет назад

Thanks a lot for your videos

@671brayan 6 лет назад

Bro wtf haha funny i watch your videos too.

@grantrmoore 5 лет назад

Hahaha we r treading on the same stomping grounds Smart Rapper!

@Jiggzz 5 лет назад

Rob lol lets do a real estate song. 🎙💪

@freesol1 6 лет назад

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 лет назад

well when you're trying to prove your point you don't need to worry about real facts

@freesol1 6 лет назад

ahahaha tru bro!

@thatawesomesound1552 6 лет назад

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 лет назад

@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 лет назад

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.

@CotyWK 6 лет назад

"He's a total math nerd" Can't do 3rd grade math.

@jadams0318 5 лет назад

Lmao

@richardsanchez2209 5 лет назад

Yea that’s why he’s a multi millionaire 🤣

@KrisKrohn 5 лет назад

I’m only qualified to do 2nd grade math 👀

@ontherisewithcandyceevette3037 5 лет назад

@@KrisKrohn lmao

@josephholdman1037 5 лет назад

No! Take it to calculus! No problem!

@calincampbell5637 6 лет назад

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 лет назад

Calin Campbell Real Estate is easy.... TAKING ACTION is what people struggle with

@AtizaJuanita 6 лет назад

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 лет назад

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 лет назад

Do you have properties in West Palm Beach?

@KrisKrohn 6 лет назад

We dont' have inventory, but will find a property that meets your goals. Right now there are some amazing deals in Kissimmee.

@AtizaJuanita 6 лет назад

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 лет назад

Do this Real Estate tips only work in America?

@ericv8395 5 лет назад

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 5 лет назад

How??

@vicenteponce4553 6 лет назад

You had already accounted for vacancies in the cash flow

@jayspeeds3574 5 лет назад

lol i was scrolling down to see if anyone caught this as well lol Kris is still the man tho 💪🏽

@rekasfpreparat 5 лет назад

Yep, so in the end he would have made 15k.

@diegoa8794 5 лет назад

Plus he was paying down the principal every month so he would owe less on the mortgage

@adamm5205 5 лет назад

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

@cryptoflip4625 4 года назад

My first time watching L.O bcuz I didnt understand but u guys explained it perfectly to where I totally understood it.!!!

@BianicEpicVideos 5 лет назад

Dude that scream at 0:22 was a sound effect or no because it was perfectly on time.

@epauloconnor 5 лет назад

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.

@K1izCyrax 6 лет назад

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 года назад

amazing! what are you truly passionate about in life?

@propertyomgtv254 4 года назад

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.

@grantrmoore 5 лет назад

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 лет назад

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 лет назад

Dylon Nace EXACTLY!

@tragic1308 6 лет назад

Your adding $40k profit of equity, that wont be yours since your leasing with option to buy to client. misleading ?

@jeremyharris2980 5 лет назад

True

@NotaSmurf 5 лет назад

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 лет назад

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 лет назад

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 лет назад

@@KrisKrohn Do a video on it

@wendellmeusa2509 2 года назад

OMG...I did it...it's amazing! Thanks Chris!

@zlandrez833 5 лет назад

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

@joseaguirre181 6 лет назад

he’s a good beat boxer lol

@cru3lw0rld_96 6 лет назад

Jose Aguirre, what part does he beatbox? (I didn’t watch this whole video, I clicked away at 30 seconds.)

@Gabriel.4190 5 лет назад

@@cru3lw0rld_96 oh, Morty. 😂😂

@cru3lw0rld_96 5 лет назад

Anonymous what? 😂😂😂

@joeyrandolph7854 5 лет назад

Jose Aguirre bthe b

@Gabriel.4190 5 лет назад

@@cru3lw0rld_96 you want to see my pog collection😂😂

@kingcj6533 4 года назад

You earned my subscribe when you started rapping . Lol

@mathewbrown37 6 лет назад

The beat boxing and freestyle were appreciated, thanks for the info

@andreicain6902 6 лет назад

I love lease-options, I have personally done over 30 of them and let me tell you something, Real estate agents/Realtors hate it! Because they know it cuts them out completely 😂😂😂

@LovebelowPrince24 4 года назад

you got a emal?

@Thakko 6 лет назад

Now next to part 2. Really worth it!

@stamathsxontrogianhs5128 5 лет назад

12x100x4...sweating for 10 seconds....4.800

@themotivator3975 4 года назад

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 4 года назад

Same bro let's work together from online Whatsaap +917907666974

@themotivator3975 4 года назад

Thanks will do communicate just saw your message

@travishill1692 6 лет назад

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

@44dhelk 6 лет назад

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 лет назад

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 лет назад

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 лет назад

@@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.

@victorazofeifa7893 3 года назад

After earning thousands of Dollars on investing with a reliable company, I dare not doubt the trade market, with the right skill you'll be making a fortune off the market.

@victorazofeifa7893 3 года назад

After I looked at the prospectus of the Forex market and saw seeing great results in my investments with Milford Tom , I adjusted my portfolio accordingly to place bigger bets

@carygraves137 3 года назад

Seems you knew him recently. He has been my manager for past three months now. He has totally changed my financial state Never met him in person, but work with him for a month and you'll be able to tell he's a genius and a go getter. Never met a better mentor and philanthropist.

@ranjinirajainfilm 4 года назад

Thanks for these classes! Better retention on my attention than having to read to a book!

@raymondtongolei6019 6 лет назад

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.

@tompuijpeNL 5 лет назад

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 года назад

i know of a 7 hour class from a guy whos made millions using lease option. its as in dept as it gets

@MJ-wi1tc 5 лет назад

Wearing that leather wristband Looks like he’s waiting for a falcon to land in his arm😂

@milouyous448 4 года назад

All these people trying but you got to know that not everyone can do this because we still need people buying the houses to live in them and getting the perfect price never really happens it’s a big waiting and thinking game so don’t get you’re hopes up

@abhilawvlogs 5 лет назад

It's true when the monthly mortgage Emi is somewhere near the monthly rental income. But where real estate cost prices are too high as in Delhi in India the aforesaid calculation doesn't seems to work. For example here a property worth Rs 1.5 to 2 crore gets monthly rental of Rs 30,000/- only whereas the monthly mortgage Emi would go up to 1.2 to 1.8 lakh per month.

@taeway2206 5 лет назад

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 ?

@AR.EliteRealtyTeam 6 лет назад

Kris you’re videos are great they’re full of great knowledge. I haven’t yet got my foot into real estate but in the next 90 days I will take your challenge and eventually I’ll have those six figures for a personal mentoring from you. Thanks and continue these great inspiring educational videos.

@KrisKrohn 6 лет назад

Awesome. Glad to hear it! Thanks for being a part of this channel!

@ryanthepianoman27 6 лет назад

How did the real estate thing go?

@arielcastillo4379 6 лет назад

King of the Jungle did ya do it lol

@oscarwalle8732 6 лет назад

Did you do it?

@zyanduran6706 6 лет назад

how is it going dude

@lucalambeau5524 3 года назад

So can you lease out a property without even ´really‘ owning it?

@TheAnime_Hub365 6 лет назад

this blueprint is amazing. Ive never payed more attention to anything on youtube until now

@KrisKrohn 6 лет назад

Thank you for your nice words!

@andressoto493 4 года назад

Kris Krohn Hey Kris! Quick question, would the equity you earned by paying down the principal in the mortgage annually also be part of the $40k, added to the $40k, or won’t be part of the equation? And if not, why? Thank you so much for your videos your my favorite of all time 👨‍⚖️😁

@MiguelVargas-pz5zv 5 лет назад

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 RU-vid channel

@heavy7097 5 лет назад

I’m looking for a video that will tell me how to set it up. Contracts? Lawyers?

@v12bat51 5 лет назад

To get started in real estate investing I think places likes Detroit and Midwest in general make a lot of sense, as the property values are significantly lower.

@tungthanhle6797 6 лет назад

Thanks for sharing your amazing stories, Kris!

@bari6498 5 лет назад

Its 2019 im trying to turn my life around doing this

@jordymurillo8006 5 лет назад

Realshit

@juliangoings8923 5 лет назад

You too?

@vanessamiller1503 5 лет назад

can relate

@KrisKrohn 5 лет назад

If you need help email me kriskrohnrei@gmail.com

@lianashaffer1983 4 года назад

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

@ryguy108 5 лет назад

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 лет назад

It's in part 3

@kaneibarra3738 5 лет назад

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 #

@frankietorres845 6 лет назад

I’ve been subscribed and have had notifications to your channel for some time now, thank you for the great info you guys put out!

@KrisKrohn 5 лет назад

Frankie Torres appreciate it! If you want to take ACTION on knowledge that you’ve learned email me and we can get you started! kriskrohnrei@gmail.com

@jasoncruz2184 3 месяца назад

I am 15 also taking notes I’ve still got a lot to learn

@vincentgoulet1347 6 лет назад

With a lease option the renter don't necessary have to buy the house therefore you still have to pay for repairs?

@KrisKrohn 6 лет назад

Not unless they move out. The agreement puts that responsibility on them.

@jacobwilkinson3958 6 лет назад

All responsibilities are stated in the lease. If you want that on them, you put that on them.

@nicklewis2826 6 лет назад

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 лет назад

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 лет назад

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.

@tachee77910 4 года назад

He deducted vacancy 2x, first he multiply by 11 month then he deduct another $4000 equivalent to 1 month each year. It does not make any sense to me !!!!!

@faded4tlas 6 лет назад

just followed all of this and now own path construction and make $17,000,000 a year

@beatsbycyco 4 года назад

i love him and have been listening and following him since the first video

@PoorlyGenie12 6 лет назад

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 лет назад

PoorlyGenie12 maybe they loose all equity if they don't purchase in the end

@calincampbell5637 6 лет назад

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 лет назад

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

@camarojoe1997 5 лет назад

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

@alexg8243 6 лет назад

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.

@MegaRome25 4 года назад

great info..love the energy and assistance fellas

@axethetic1516 6 лет назад

But the question is how to do I own or buy that house when I’m 18 with no money?

@KrisKrohn 6 лет назад

Here you go: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-_dcnQgJj-qg.html

@KrisKrohn 5 лет назад

Anymore questions feel free to email me kriskrohnrei@gmail.com

@MyGUNZ123 4 года назад

You get it for free in lala land

@nev4696 6 лет назад

The camera never focused on the phone lol

@checkerbunny565 5 лет назад

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?

@humbleexplorer4998 6 лет назад

Dude, you guys just gave me this idea. Which is so great and makes so much sense. Thank you!😁👍

@santinogarcia6836 5 лет назад

Wish I had a friend at my age (16) to talk about these stuff all the time😢😢

@muaazkasker5075 5 лет назад

I'm 17 thinking the same

@santinogarcia6836 5 лет назад

@@muaazkasker5075 Lols 17 now. And still haven't found that person.

@muaazkasker5075 5 лет назад

@@santinogarcia6836 lol, where u from

@santinogarcia6836 5 лет назад

@@muaazkasker5075 NZ, Auckland U?

@muaazkasker5075 5 лет назад

@@santinogarcia6836 Cpt, South Africa

6 лет назад

That doesn't work in most countries!

@knowitall6821 6 лет назад

This is one of the things I'm actually looking into to do. tired not owning my life. I'm the architect so I'm about to draw myself a new life's plan for the future. Thanks again

@KrisKrohn 5 лет назад

Know It All love it! If you need help email me kriskrohnrei@gmail.com

@G_SixT 6 лет назад

What is the scope of house buying? Within same state? Country? Do you physically go to every home?

4 года назад

0:20 - I need to ask a favor of you (in the background "AAAaaaahhh")

@JaysterJayster 6 лет назад

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 лет назад

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 лет назад

And if they disregarded what it says in the contract and leave anyways, what then?

@snoshii2797 6 лет назад

sue them

@abdulazizalshammari2154 5 лет назад

When you come to sell the house and pay off the morgatge you remove the monthly 1 k that you are paying so that 11000 is actually 59000 because 48000 is removed from the loan you took out in monthly payments

@cihatecicek 4 года назад

what do you mean by 15 percent equity position mentioned in he video? down payment of %15 ?

@matl09111981 6 лет назад

Aka property management with more risk

@johnmichaelricasa2998 6 лет назад

yah, this is so Risky. for young guys that loans money to get in this thing.

@edmeyer4800 4 года назад

Nice layout of the total understanding. But this guy Is not wasting his time on little 200k property's out in the mid west / small town. It would be nice to see a real world example on the east coast.

@ekayacan Год назад

Calculations are wrong. Also, Where are property taxes, insurance etc?

@fudogwhisperer3590 5 лет назад

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 лет назад

Fu Dog Whisperer I go into WAAAYYY more detail in my lease option program! Email me if you’re interested kriskrohnrei@gmail.com

@jamesstewart8054 6 лет назад

Most people should not buy a home. They need to save. Most people Don't have the patience or control to hold onto money. Let alone make house payments for 30 years. Cheers James.

@KrisKrohn 6 лет назад

I understand your point of view.