The Ultimate Starter Guide To Real Estate

Kris Krohn
23 Apr 202414:53

Summary

TLDREste guía definitiva para comenzar en el mundo de la bienes raíces, presentada por Chris Cron, revela los pasos clave para invertir inteligentemente en propiedades. Cron, con una experiencia que incluye transacciones de más de $2 mil millones, desentraña los beneficios de la propiedad, incluyendo flujo de caja positivo, apreciación de valor, uso de hipotecas y reducción de impuestos. Destaca estrategias rentables como alquileres, opciones de arrendamiento y venta al contado. Además, ofrece consejos valiosos sobre cómo encontrar un mentor y tomar acción decisiva para construir una cartera de bienes raíces rentables.

Takeaways

  • 🏠 Inversión en bienes raíces: La guía definitiva para comenzar en el mundo de la real estate, según Chris Cron, destaca cómo las personas pueden generar millones de dólares en esta industria.
  • 💡 Primeros pasos: Cron comparte un plan paso a paso para aquellos que aún no han tomado acción en la real estate, destacando que no se necesita ser rico para invertir en ella.
  • 📈 Beneficios de la propiedad: Cron explica los cinco beneficios principales de la real estate, incluyendo flujo de caja positivo, apreciación de valor, uso de hipoteca, reducción de capital y depreciación fiscal.
  • 💰 Flujo de caja: Propiedades bien seleccionadas pueden generar ingresos adicionales mensuales, como un trabajo a tiempo parcial sin esfuerzo.
  • 🔑 Leverage: La inversión en bienes raíces permite aprovechar el poder de la hipoteca para maximizar el rendimiento de los fondos propios.
  • 📈 Apreciación de valor: La historial de valoración de las viviendas muestra una tendencia al alza, lo que representa una oportunidad de inversión a largo plazo.
  • 🏡 Tipos de bienes raíces: Cron enfatiza la importancia de elegir el tipo correcto de propiedad para invertir, con una preferencia por la real estate residencial.
  • 🔑 Estrategias de inversión: Se presentan tres estrategias principales de inversión en bienes raíces: alquiler, opción de arrendamiento y wholesaling.
  • 💼 Wholesaling: Cron describe el wholesaling como una forma de obtener ganancias sin la necesidad de invertir capital propio, solo identificando y vendiendo oportunidades.
  • 🏘️ Compra segura: Se sugiere comprar propiedades por debajo del precio medio para asegurar un margen de seguridad y obtener el mejor rendimiento.
  • 📊 ROI: Cron detalla cómo las cuatro áreas de ganancia en la compra y mantenimiento de bienes raíces pueden sumarse para obtener un rendimiento de inversión alto (ROI).
  • 📚 Formación y mentoría: El guía destaca la importancia de la educación en bienes raíces, la definición de metas financieras, encontrar un mentor y tomar acción como pasos clave para el éxito.

Q & A

  • ¿Qué es el 'Ultimate Starter Guide' para comenzar en el mercado de bienes raíces según el guion?

    -El 'Ultimate Starter Guide' es una guía detallada que el orador ofrece para ayudar a las personas a comenzar en el negocio de la bienes raíces, explicando los pasos básicos y cómo aprovechar las oportunidades para generar riqueza.

  • ¿Cuál fue la mayor preocupación del orador al comenzar en bienes raíces?

    -La mayor preocupación del orador al comenzar en bienes raíces fue que parecía un juego de hombres ricos y que requería mucho dinero para invertir, lo que le hizo pensar que necesitaba dinero para ganar dinero.

  • ¿Por qué el orador menciona que comprar bienes raíces no requiere necesariamente tener dinero?

    -El orador menciona que comprar bienes raíces no requiere dinero porque es posible hacerlo con poco dinero o incluso sin dinero, gracias a estrategias como el leasing o la opción de arrendamiento, y aprovechando la ayuda de mentores y el uso de crédito de terceros.

  • ¿Cuáles son los cinco beneficios principales de poseer bienes raíces según el guion?

    -Los cinco beneficios principales son: 1) Generar un flujo de caja positivo. 2) Aumentar en valor con el tiempo. 3) Aprovechar el uso de efectivo de otros, como los bancos, para invertir (leverage). 4) La reducción del principal de la hipoteca a través de los pagos de los inquilinos. 5) Depreciar la propiedad para reducir la base imponible de impuestos.

  • ¿Por qué el orador considera que los alquileres pueden ser una buena inversión si se hacen correctamente?

    -Los alquileres pueden ser una buena inversión porque, si se adquieren en el mercado adecuado y a un precio correcto, pueden generar un flujo de caja positivo, es decir, los ingresos por alquiler superan los gastos, lo que resulta en un ingreso adicional sin necesidad de tiempo adicional del propietario.

  • ¿Qué es una 'opción de arrendamiento' o 'rent to own' según el guion?

    -Una 'opción de arrendamiento' o 'rent to own' es una estrategia donde el inversor arrienda una propiedad a una familia con la intención de que esta última adquiera la propiedad. Esto permite obtener un alquiler más alto y un depósito no reembolsable, lo que puede ser beneficioso para el inversor.

  • ¿Qué es el 'wholesaling' y cómo funciona según el guion?

    -El 'wholesaling' es una estrategia donde el inversor identifica una propiedad a un precio muy bajo y, en lugar de comprarla, simplemente transfiere el contrato o el trato a otro inversor por una suma de dinero, obteniendo ganancias sin necesidad de poseer la propiedad.

  • ¿Cuál es el 'sweet spot' para comprar propiedades según las enseñanzas del orador?

    -El 'sweet spot' para comprar propiedades, según el orador, es comprarlas aproximadamente un 30% por debajo del valor medio del mercado, lo que proporciona una fuerte margen de seguridad y reduce el riesgo en caso de una caída en el mercado.

  • ¿Cuáles son los cuatro centros de ganancia principales al comprar y mantener bienes raíces según el guion?

    -Los cuatro centros de ganancia principales son: 1) Flujo de caja positivo. 2) Apreciación de la propiedad. 3) Reducción del principal de la hipoteca. 4) Depreciación de la propiedad para efectos fiscales.

  • ¿Por qué es importante tener un mentor en el negocio de bienes raíces según el guion?

    -Tener un mentor es importante porque proporciona una fuente de conocimiento y experiencia valiosa, ayuda a encontrar buenas oportunidades de inversión, y ofrece un soporte para tomar decisiones informadas y manejar los desafíos del negocio de bienes raíces.

  • ¿Cuáles son los cuatro pasos que el orador sugiere para comenzar en bienes raíces?

    -Los cuatro pasos sugeridos son: 1) Educarse. 2) Establecer metas financieras. 3) Encontrar un mentor. 4) Tomar acción y comenzar a invertir en bienes raíces.

Outlines

00:00

😀 Guía Inicial para el Éxito en Bienes Raíces

El primer párrafo introduce a Chris Cron, un experto en bienes raíces que ha transaccionado más de 2 mil millones de dólares y creado muchos millonarios. Chris comparte que, a pesar de que muchos conocen los beneficios del bienes raíces, aún no han tomado acción debido a la falta de conocimiento sobre los primeros pasos. Él explica que, aunque inicialmente el bienes raíces puede parecer un juego de ricos, en realidad no se necesita mucho dinero para comenzar. Chris desafía la idea de que 'necesitas dinero para ganar dinero', y presenta su guía para aquellos que están listos para empezar a acumular riqueza a través de la inversión en bienes raíces.

05:00

🏠 Beneficios de la Propiedad y Estrategias de Inversión

En el segundo párrafo, se discuten los cinco beneficios principales de la propiedad: flujo de caja positivo, apreciación de valor, uso de apalancamiento, reducción de capital y depreciación fiscal. Chris ilustra estos beneficios con ejemplos de su experiencia personal, como comprar su primer casa con menos de $5,000 y generar un ingreso adicional de $500 al mes. Además, se mencionan las cuatro formas de inversión en bienes raíces: alquileres, opciones de arrendamiento, venta al contado y apalancamiento, y se enfatiza la importancia de elegir el tipo de propiedad y el mercado adecuado para maximizar los rendimientos.

10:02

📈 Cómo Empezar y Crecer con la Inversión en Bienes Raíces

El tercer párrafo se enfoca en los pasos prácticos para comenzar en el mercado de bienes raíces. Chris comparte su propia historia de cómo, siguiendo el consejo de un mentor, adquirió su primera propiedad y cómo esto llevó a la acumulación de una cartera de bienes raíces rentables. Destaca la importancia de la educación, la definición de metas financieras, la búsqueda de un mentor y la acción. Chris ofrece su guía definitiva para comenzar en bienes raíces y anima a los espectadores a tomar acción inmediata, ofreciendo su apoyo personal a través de un enlace.

Mindmap

Keywords

💡Bienes raíces

Bienes raíces se refiere al negocio de compra y venta de propiedades inmobiliarias. En el video, es el tema central, ya que el orador comparte su guía para comenzar en este campo y destacar cómo se puede acumular riqueza a través de la inversión en bienes raíces.

💡Primeros pasos

Los 'primeros pasos' son las acciones iniciales que se deben tomar para comenzar en un nuevo negocio o habilidad. En el video, el orador explica los pasos básicos que se deben seguir para entrar en el mercado de bienes raíces y cómo dominarlo.

💡Flujo de efectivo positivo

El 'flujo de efectivo positivo' es una situación en la que los ingresos generados por una propiedad superan a los gastos. Es un concepto clave en el video, ya que el orador lo utiliza para ilustrar cómo las propiedades pueden generar ingresos adicionales sin esfuerzo adicional.

💡Apreciación

La 'apreciación' es el aumento en el valor de una propiedad inmobiliaria con el tiempo. El orador menciona que la apreciación es una de las razones principales para invertir en bienes raíces, ya que puede generar ganancias significativas a largo plazo.

💡Leverage

El 'leverage' en el contexto de bienes raíces se refiere a la capacidad de comprar una propiedad con una pequeña cantidad de dinero propio y el resto a través de financiamiento. Es una estrategia mencionada en el video para maximizar los retornos de la inversión.

💡Principal reduction

La 'reducción del principal' es el proceso por el cual la deuda de una hipoteca disminuye con los pagos mensuales. El orador destaca cómo los inquilinos pueden ayudar a pagar la hipoteca, reduciendo así la cantidad que se debe.

💡Depreciación

La 'depreciación' es un beneficio fiscal que permite a los propietarios de propiedades inmobiliarias deducibles el valor de la propiedad a lo largo de un período determinado. En el video, se describe cómo esto puede reducir los impuestos que se pagan sobre el ingreso generado por la propiedad.

💡Tipos de bienes raíces

Los 'tipos de bienes raíces' abarcan una variedad de opciones de inversión, como bienes residenciales, comerciales, industriales y tierras baldías. El orador se enfoca en el bienes residenciales, que considera más rentables.

💡Estrategias de inversión

Las 'estrategias de inversión' son enfoques diferentes para invertir en bienes raíces, como alquileres, opciones de arrendamiento y venta al contado. El orador comparte las tres estrategias que él encuentra más rentables y explica cómo funciona cada una.

💡Margen de seguridad

El 'margen de seguridad' es la diferencia entre el precio de compra de una propiedad y el precio medio del mercado, que proporciona protección en caso de una caída en los precios. El orador sugiere que comprar propiedades por debajo del precio medio ofrece un fuerte margen de seguridad.

💡Rentabilidad

La 'rentabilidad' se refiere a la ganancia obtenida de una inversión, expresada como una proporción del capital invertido. El orador explica cómo combinar flujo de efectivo positivo, apreciación, reducción del principal y depreciación puede generar una rentabilidad alta en las inversiones en bienes raíces.

💡Educación

La 'educación' es el proceso de adquirir conocimientos y habilidades en un tema específico. El orador enfatiza la importancia de educarse sobre bienes raíces antes de invertir, ya sea a través de videos, libros o eventos en vivo.

💡Objetivos financieros

Los 'objetivos financieros' son metas específicas que una persona tiene en términos de su situación económica. En el video, el orador habla sobre la importancia de establecer objetivos financieros claros, como alcanzar un ingreso pasivo determinado a través de alquileres.

💡Mentor

Un 'mentor' es alguien con experiencia en un campo específico que guía y asesora a otra persona. El orador resalta la importancia de tener un mentor en el ámbito de bienes raíces para obtener asesoramiento y apoyo en el proceso de inversión.

💡Acción

La 'acción' se refiere a la implementación de lo aprendido y la toma de decisiones concretas. El orador enfatiza que la educación y los objetivos financieros son importantes, pero la acción es esencial para convertirse en un inversionista exitoso en bienes raíces.

Highlights

Ultimate starter guide for real estate success shared step by step.

Overcoming the fear of real estate jargon and misconceptions about needing money to start.

Mentorship's role in debunking myths and providing guidance in real estate investment.

Chris Cron's experience with transacting over $2 billion in real estate.

Five major benefits of owning real estate, including positive cash flow.

The power of leverage in real estate investment explained.

Historical data on home value appreciation and its potential for the future.

Principal reduction as a benefit, paying off the mortgage with rental income.

Depreciation as a tax benefit for real estate investors.

Different types of real estate and the focus on residential real estate for profitability.

Top three profitable real estate investment strategies: rentals, lease options, and wholesaling.

The importance of buying real estate below the median price for safety.

Four major profit centers of buying and holding real estate for ROI.

Calculating the aggregated ROI and the rule of 72 for wealth doubling.

Steps to get started in real estate: education, setting financial goals, finding a mentor, and taking action.

Chris Cron's offer of a free game plan for becoming a multi-millionaire in real estate.

The significance of taking the first step despite fear with the support of a mentor.

Transcripts

play00:00

listen if you've been following me on

play00:01

social media for a while you know I talk

play00:03

a lot about real estate and that you can

play00:04

make millions of dollars with it and yet

play00:07

if you're still watching me and you

play00:08

haven't taken action it's probably

play00:10

because you don't know what your first

play00:11

real action steps are check it

play00:15

out well today I'm sharing with you the

play00:18

ultimate starter guide for crushing it

play00:20

in the game of Real Estate I'm going to

play00:21

lay it out for you step by step so that

play00:24

you can get started right now you know

play00:25

what my biggest fear was when I got

play00:27

started in real estate I was young and

play00:29

there were all of these new big words

play00:31

like mortgage and paying rent and on top

play00:34

of that real estate kind of looked like

play00:36

a rich man's game I'm like you probably

play00:38

have to have money to make money but

play00:40

fortunately the mentors that got me

play00:42

started in the game said that's actually

play00:43

an illusion it's not true Chris you can

play00:46

buy real estate with no money you can

play00:47

buy real estate with little money you

play00:49

don't have to do it the way other people

play00:51

do which means that anyone can get

play00:53

started in real estate whether you were

play00:54

young like me in my early 20s or whether

play00:56

you're in your 50s it's never too late

play00:58

to get in the game it's really about

play01:00

getting started and then learning just

play01:02

how rapidly you can build wealth Welcome

play01:04

to The Ultimate Guide to getting started

play01:06

in the game of Real Estate my name is

play01:08

Chris cron and if you are new to me I've

play01:10

transacted over $2 billion doll worth of

play01:12

real estate over 6,500 single family

play01:15

homes and I've created many many

play01:16

millionaires along the way now before I

play01:18

help you come up with your game plan on

play01:20

step by step of what you do to get

play01:22

started in real estate let's make sure

play01:23

that you start by understanding the five

play01:26

major reasons the benefits on why people

play01:28

want to own real estate in the first

play01:29

place when you buy a house it comes with

play01:31

a mortgage and that's an expense and

play01:33

basically you've got to pay money every

play01:35

month to the bank but if you rent out

play01:37

the house because you've bought the

play01:38

right house there's leftover money in

play01:40

other words the rent is greater than the

play01:42

expenses and if your house is producing

play01:44

an extra $4 $500 every single month

play01:47

that's now called a positive cash flow

play01:49

and the very first benefit of owning

play01:51

real estate is that it can produce a

play01:53

positive cash flow just imagine that you

play01:55

got a second really small part-time job

play01:58

paying you an extra $500 a month but it

play02:00

didn't require any of your time well

play02:02

that's what each house is to you when I

play02:05

was in college I bought my first 2500

play02:07

homes and I did it with less than $5,000

play02:10

each of those homes roughly paid me $500

play02:12

a month so by the time I graduated

play02:14

college $500 a month times 25 homes I

play02:17

was clearing over $122,000 a month the

play02:20

second reason for buying real estate is

play02:22

that it goes up in value and by a little

play02:24

or a lot well bu a ton in fact over the

play02:27

last 65 years they've tracked Nationwide

play02:30

that the average house goes up

play02:32

4.65% every single year now 4.65% may

play02:36

not sound like a lot but when you

play02:38

understand the amount of Leverage that

play02:40

you get with a house it's a ton what do

play02:42

I mean by leverage people don't buy

play02:44

homes cash they go to Banks and the

play02:46

banks actually give them money to buy

play02:48

the house you have to come up with a

play02:50

small amount of money and then the bank

play02:52

comes up with a large amount of the

play02:54

money so the

play02:55

4.65% that you're making is mostly on

play02:58

the bank's money which actually if

play03:00

you're putting down a 20% down payment

play03:03

it's like five times the benefit that's

play03:04

like 25% of your on your money or if

play03:07

you're buying a house for you and you're

play03:09

putting a 3% down payment it's a really

play03:11

big number but Chris the market is so

play03:13

inflated homes have gone up so much I

play03:16

mean they can't keep going up can they

play03:18

did you know when 1963 the median home

play03:21

was

play03:21

$177,000 and now today it's over

play03:25

$417,000 where do you think it's going

play03:27

to be in 5 years it's not coming down

play03:29

the third reason why to invest in real

play03:31

estate is leverage control Banks stand

play03:34

ready to give you anywhere from 80 to

play03:36

97% of the money and even in some rare

play03:39

programs 100% of the money to buy the

play03:42

house now the reason why that's

play03:43

important is that if you had $50,000

play03:45

that you put in the stock market you

play03:47

could only buy $50,000 of stocks but if

play03:50

you have $50,000 in real estate you can

play03:52

buy

play03:53

$250,000 worth of real estate or a whole

play03:55

lot more the fourth benefit of owning

play03:57

real estate is what's called principal

play03:59

reduction you see every month when you

play04:01

make your mortgage payment some of that

play04:03

goes to interest and some of that goes

play04:04

to the principal meaning that over time

play04:07

the banks going to earn a lot of money

play04:08

and interest in fact on a 30-year

play04:10

mortgage the house is actually going to

play04:11

get paid for almost three times but

play04:14

along the way the house also gets paid

play04:16

off do you know who's going to pay it

play04:17

off your renters you're literally saying

play04:20

I want you to live in this place and I

play04:21

want you to pay off my house over time

play04:23

and the fifth major benefit is what's

play04:25

called depreciation not appreciation

play04:28

depreciation is where the the government

play04:30

allows you to take the entire value of

play04:32

your house and write it off over 27 1/2

play04:35

years so for example on a $300,000 house

play04:38

that's a little over $10,000 you get to

play04:40

write off every year if you rent it out

play04:42

and you're making $5,000 a your positive

play04:44

cash flow you actually don't have to pay

play04:46

taxes on any of that why because there's

play04:48

$10,000 of depreciation against the

play04:50

$5,000 of positive income which means

play04:53

you don't only pay taxes on that but you

play04:55

have an additional $5,000 of that

play04:57

depreciation carrying over in your other

play05:00

income sources which basically means the

play05:02

more real estate you buy the less taxes

play05:04

you pay moving on there are four

play05:06

different types of real estate

play05:08

residential real estate commercial real

play05:09

estate industrial real estate and raw

play05:12

land now technically you can make money

play05:14

with all of these but because I'm your

play05:16

Mentor today I'm going to share with you

play05:17

that there's one that I'm the most

play05:19

interested in and that's residential

play05:21

real estate residential real estate is

play05:23

exactly what you're thinking this is a

play05:24

home for a family and that's it but if

play05:27

you move up to Commercial Real Estate

play05:29

you then get into multif family real

play05:31

estate and also business real estate

play05:33

you've got industrial real estate where

play05:34

you've got warehouses and steel

play05:36

manufacturing plants and then you have

play05:38

raw land I bought a track of land I

play05:39

waited 20 years and then guess what it

play05:41

went up in value and I sold it and I

play05:43

made millions of dollars but of all four

play05:45

of these residential real estate makes

play05:47

me more money than any of the other

play05:48

categories now there are 30 major

play05:51

different ways to invest in real estate

play05:53

but today I'm going to share with you

play05:54

the top three the three that I have

play05:56

found to be the most profitable so take

play05:58

notes the first first one is called a

play06:00

rental the second one is called a lease

play06:02

option and the third one is called

play06:04

wholesaling now a rental is what you

play06:05

would imagine I bought a house I rent it

play06:07

out and the people that live there they

play06:09

pay me rent now is that a smart thing to

play06:12

do all the time well it depends if it's

play06:14

the right house in the right market and

play06:16

you bought it at the right price if you

play06:18

did one two or three of those wrong

play06:20

you'd then be stuck with a house and a

play06:21

negative cash flow because the rent that

play06:23

they pay is not enough to cover all of

play06:25

the expenses rentals done correctly are

play06:28

good I own thousands of them and I

play06:30

absolutely recommend it the second

play06:31

strategy is called a lease option or

play06:34

sometimes called rent to own this is

play06:36

where an investor has bought a home but

play06:37

instead of just renting it out they want

play06:39

to rent it to a family that has an

play06:41

intention of buying the home now lease

play06:43

options are awesome because the family

play06:45

moving into the house wants to make it

play06:47

their own they'll pay a premium on rent

play06:49

they'll usually give you a

play06:50

non-refundable down payment of $3,000 to

play06:52

$10,000 and the bottom line is you make

play06:54

a lot of money and they do all of the

play06:56

management so that's also a very smart

play06:58

strategy in fact the first 25 homes that

play07:00

I bought were all lease options the

play07:03

third strategy is called wholesaling and

play07:05

this is where you're going to identify a

play07:07

house at a really deep discount and then

play07:10

instead of buying it you're going to

play07:12

just flip the contract the deal to an

play07:14

investor and say I want you to cough up

play07:16

$20,000 or $50,000 for basically taking

play07:19

on this really good deal that I found

play07:21

for you wholesaling is really smart

play07:23

because it doesn't require any money it

play07:25

doesn't require any credit and if you

play07:27

have the right system you can make

play07:28

hundreds of thousands of dollars or even

play07:30

millions of dollars doing this now as

play07:32

your Mentor I do need to give you a huge

play07:34

warning that when you wholesale or flip

play07:36

properties you can make a ton of cash

play07:39

but 10 years can go by you've made a ton

play07:41

of money and you don't own any real

play07:43

estate so when we talk about rentals or

play07:45

lease options that's a Buy and Hold

play07:47

strategy wholesaling and flipping that

play07:50

is real estate as a business where you

play07:52

don't actually hold on to the properties

play07:54

but you make a bunch of money and if you

play07:56

do both that's real smart next I need to

play07:58

teach you the a sweet spot for your buy

play08:01

and holds because when you build a

play08:03

portfolio of homes that means I am

play08:05

buying homes to collect them and either

play08:06

rent them out or do lease options

play08:08

because the more homes I have the more

play08:10

passive income that I have plus all the

play08:12

other benefits that Chris cron you as my

play08:14

mentor just told me about and here's

play08:16

that sweet spot when you buy these homes

play08:18

underneath the median by about 30% what

play08:21

you do is you create a strong margin of

play08:23

safety for example when I buy real

play08:26

estate my average purchase price these

play08:27

days $270,000

play08:30

the national median

play08:32

$430,000 so I'm about 30% below it and

play08:35

what that means is that if the market

play08:37

comes down for a few years and a million

play08:39

doll homes becomes a half a million

play08:41

dollars that person takes a half a

play08:42

million dollar bath if a $300,000 home

play08:45

becomes a $250,000 home you're much more

play08:48

insulated you can keep renting the

play08:49

property and you're going to keep making

play08:51

money in other words when the market

play08:53

comes down expensive homes have big

play08:55

expenses and big problems but homes

play08:57

below the median they create your

play08:59

greatest security okay Chris you buy it

play09:01

below the median but what about condos

play09:03

and town homes well I don't touch those

play09:05

either I want single family homes that

play09:07

are at least three bedrooms and

play09:08

preferably two bathrooms on up to that

play09:11

price 30% below the median anything in

play09:14

between that is going to give you your

play09:16

strongest cash flow and your best

play09:17

appreciation and your greatest safety

play09:19

next for your ultimate guide we have to

play09:21

talk about the four major profit centers

play09:23

of buying and holding real estate

play09:25

because ultimately these are designed to

play09:27

create what's called an ROI ROI stand

play09:29

for return on investment and it's how

play09:31

you know how well your money is

play09:32

performing let's say I bought this

play09:34

property and it had a $300 month

play09:36

positive cash flow and based on my

play09:38

investment that was producing a 5% Roi

play09:41

but let's add on top of that that I

play09:43

bought it in a market where at the rate

play09:44

the house is going up based on what I

play09:46

put down I'm also clearing 20% every

play09:49

year on my appreciation well now I'm

play09:51

earning 5% on my cash on cash I'm

play09:54

earning 20% on appreciation I'm already

play09:56

at a 25% Roi which by the way is my

play09:59

minimum but we're not done yet the third

play10:01

profit Center is what's called principal

play10:03

reduction we talked about this earlier I

play10:05

have a tenant living there and every

play10:07

month that I make the mortgage payment

play10:09

based on the rent that they gave me the

play10:11

principal or what I owe on the house is

play10:13

going down and for the first five years

play10:15

on average it's around $250 and that

play10:17

pencils out to about a 4% annual Roi

play10:21

just on them getting your house paid off

play10:23

well if I was 5% on my cash flow 20% on

play10:25

my appreciation and 4% on principal

play10:27

reduction now I'm sitting at a 20 9% Roi

play10:30

the fourth major profit Center is

play10:32

depreciating the property like we also

play10:34

talked about before let's assume that my

play10:36

depreciation on this property equates to

play10:38

an additional 3% of Roi and I add that

play10:42

on top of my 29% and now I'm sitting at

play10:44

an aggregated 32% annual Roi and

play10:48

according to the rule of 72 my money is

play10:50

now doubling nearly every other year

play10:53

that means that you're actually earning

play10:55

close to a 50% Roi I want you to imagine

play10:58

with my money doubling every year

play11:00

compare that to your bank account when

play11:01

you put money in your bank or a 401k or

play11:04

an IRA does it actually double every

play11:06

other year fat chance but real estate

play11:08

that becomes possible when you take

play11:10

these four profit centers and add them

play11:12

all up another juicy reason why you want

play11:14

to own real estate now we're ready to

play11:16

talk about how you actually get started

play11:18

and there are four steps and I want you

play11:20

to write them down with me step one

play11:21

you've got to educate yourself now of

play11:23

course you can do that here on YouTube

play11:25

you can also do that by reading some of

play11:26

my books or other people's books and you

play11:28

can also come to my Live Events where

play11:30

we're actually transacting real estate

play11:32

during the event so we're not just

play11:34

educating on it you're literally

play11:35

watching it happen a mentor that can do

play11:38

that for you is invaluable because now

play11:40

you have someone you can text or call or

play11:42

get help from and at the end of this

play11:44

video I'm going to show you how you can

play11:45

get my cell phone so that I can actually

play11:47

help you build your real estate

play11:48

portfolio it's found in the link below

play11:51

Step One is educating yourself step two

play11:53

is setting your financial goals when my

play11:55

wife and I bought our first house and

play11:56

saw that it made us $500 a month we DEC

play11:59

decided that if we could buy 20 homes

play12:01

and have 20 rentals that each paid $500

play12:03

a month that would equate to $10,000

play12:06

every single month of passive income

play12:09

that meant that we didn't have to work

play12:10

but the $10,000 was going to come in we

play12:13

set that Financial goal and because I

play12:15

knew what my goal was I started buying

play12:17

homes I used mostly other people's money

play12:20

and four and a half years later I didn't

play12:21

have 20 homes I had 25 homes and they

play12:24

were now making me $112,500 a month and

play12:27

because I hit my goal guess what I did I

play12:29

just graduated college so I quit my job

play12:31

and I was free I didn't need to work

play12:34

because I hit my goal the third step

play12:36

that made that goal possible was finding

play12:38

a mentor you need someone in your back

play12:40

pocket do not stop at watching videos

play12:42

and reading books you need to find a way

play12:44

to get a mentor under contract you need

play12:47

to get them obligated to you to take

play12:49

your phone calls to line things up to

play12:50

help you find good deals to walk you

play12:52

through it step by step if you have a

play12:54

mentor it's a Sure Shot 100% you're

play12:56

going to win and the fourth step is to

play12:58

take action you see if you've been

play13:00

educating yourself if you've been

play13:01

setting your financial goals and you

play13:03

have a mentor giving you advice the next

play13:05

most important thing is to listen to

play13:06

that advice my mentor got with me and

play13:08

said Chris State your job a little

play13:10

longer save up a little bit of money do

play13:12

these steps with your credit and boom

play13:14

you can buy your first house and you

play13:15

know what a short time later I did those

play13:18

things I found my first house and I

play13:20

bought that house $40,000 under Market

play13:22

it also had a basement apartment so that

play13:24

when my wife and I moved in with a 3%

play13:26

down payment the basement actually

play13:28

covered the entire mortgage that first

play13:31

house was the Catalyst to then using the

play13:33

equity in that house to buy the second

play13:35

house according to my mentor's advice

play13:37

that fourth step of taking action is

play13:39

everything I will tell you when I bought

play13:40

my first house I was scared spitless but

play13:43

because I had my mentor at my side it

play13:45

made all the difference I moved forward

play13:47

with his confidence and because of that

play13:49

I am where I am today my friend that is

play13:51

The Ultimate Guide to getting started in

play13:53

real estate and if you're ready for your

play13:54

Mentor what I want you to do is click

play13:56

the link below I want you to submit your

play13:58

name your phone number basically say

play14:00

let's get in touch with each other and

play14:01

figure out step by step what my specific

play14:04

game plan is now I'm not going to charge

play14:05

you for this this is 100% free what I

play14:08

want to do is give you the gift of my

play14:10

perspective of if I was you with good

play14:13

credit or bad credit a lot of money or

play14:14

no money assets no assets doesn't matter

play14:17

to me I don't care if you're 14 years

play14:19

old and I don't care if you're 64 years

play14:20

old I'm going to step into your shoes

play14:22

and show you step- byep what I would do

play14:25

to become a multi-millionaire in real

play14:27

estate as fast as possible click link

play14:29

below get that game plan let's get this

play14:31

ultimate guide on fire and start making

play14:33

money in real estate and my friend

play14:35

that's how I got started and that's what

play14:36

I do but if I had all of my wealth

play14:39

Stripped Away and I had to start over

play14:41

all over again would I do it the same

play14:43

way would I do it different well based

play14:45

on everything I've learned this is what

play14:47

I would do getting started in real

play14:48

estate today click right here let me

play14:50

show you

Rate This

5.0 / 5 (0 votes)

Related Tags
Bienes RaícesInversiónGuía InicialRenta MensualValoraciónAprendizajeObjetivos FinancierosMentoríaAcciónPropiedad Familiar
Do you need a summary in English?