I’m only 16 and I’m about to explain all of this to my parents. If I actually got and wrote everything down right it’s going to help my family a lot. Thank you for sharing this strategy with us.
Your videos really really inspire me and I am 20 year old guy and I already have 2 homes in the last 6 months making me $900 per month and I am not stopping.. Thank you so much..
Hello Kris, Lease option is the best way I have ever did with the real estate!!! Thank you soooo much!!! You with your videos and this knowledge gave me power!! I love Lease option and now I only concentrate on doing it!!!
They are "legal" in the sense that, done properly, no laws are violated. However, many of these schemes involve ignoring the contract rights of the owner, and are therefore very risky. You will require the services of an attorney for the transactions to be done properly, and without exposing you to legal action. -J. Robert Thompson Attorney
What if they move in wreck it and leave? Do you protect the house, eg, require, insurance, repairs, cleaning maintenance checks, inspections, pay property taxes, etc
The word retirement keeps popping up, but you’re still working, teaching people how to make money for you. Maybe you didn’t retire, but you found the career that makes you passionate.
When doing a sandwich lease do you need to disclose to the first homeowner that you will be renting the property out too, or do you rent it as if you’ll be living it in it and then lease it out. I see how a lot of homeowners would not like someone else than the person they met living in the home
What makes people think they can buy the house in 4-7 years if they don^+t qualify for a loan ? do you post the rent to buy agreement on the deed recorded ? otherwise why does buyer trust you will sell it to them and not some third party ?
For people asking questions about renting the property while you have the rent contract with the original owner, it’s easier to try to save up for mortgage and down payment (since you’ve been trying to get yr credit score high enough to apply for a mortgage) so later on you won’t have any problems with the actual owner and you could easily sell the property to the family whose been renting it and on top of that, EASILY purchasing another house because you’re already approved for mortgage.
These guys are very bright and seem to have a nice system going where they live. It’s too much of a gamble with these California home prices. Can’t find a shed for less than half a million anymore lol.
Hey Kris. I have been eating your TH-cam videos for so long now. I love all the learning golden nuggets. I would really like to get in contact with you man!! I'm moving to a different country that I can see huge opportunity for real estate and I would love to get you insight into how I should go about. Thanks man!! Your content is outstanding, wouldn't surprise me if you get the hundreds of thousands of subs in the next few years.
First off, great video!!!I have a question about lease with option to buy...... Let's say me and the owner agree to a $5k option down payment,and me and the tenant agreed to a $10K option down payment,I understand that my profit is $5k. But let's say the tenant exercise the option to buy,do I have to put that entire $10k towards the purchase of the property,even though my agreement with the owner is $5k?
This is gold!!! Can you do this deals with houses in Canada/USA/Mexico? I the owner of a marketing agency in Mexico City and I’ve got to say this house stuff is awesome!! I will definitely watch all of your videos and follow every step.
This is great! I was wondering at 6:10 where you say "let the market determine the price but this is the minimum it can sell for". So do you write into the contract with your lessee/buyer that the sale price shall be determined by the appraised value, with a minimum sale price of ___"?
You didn't explain how you can sign a legally binding contract to sell someone else's real property that you have no equitable interest. According to the US Bankruptcy Court, an unexercised Option Contract does *not* convey equitable interest in the asset.
From what i understand (not 100% sure) is that you can exercise your option to buy at any time, so if you have someone exercise their option to buy, you exercise yours and then everyone is legally bound to sell/buy the 3 go to make closing statements.
You are not legally bound to exercise your option. However, you can resolve the issue by granting to your tenant-buyer an "option to buy your option". Also, not fixing the terms and price (leaving it undetermined until a future appraisal) in your option with the tenant-buyer is not an option at all, but only a first right of refusal. It's fraudulent crap like that that compelled the Texas legislature to essentially outlaw lease-options.
Im just trying to understand a comment you made "It's fraudulent crap like that that compelled the Texas legislature to essentially outlaw lease-options." So is it ESSENTIALLY illegal, meaning its not actually illegal... Or it is illegal in TX? It is one or the other.
i love hearing about what deals you guys are currently involved in and ones that you have done in the past. Can you guys make more videos explaining those deals and your past deals?
Hey Kris just picked up my first deal after watching your videos. I’ll send pics later i am going to do some repairs to make it more appealing. Thank you
Bro I just subbed, honestly took notes!, watched a lot of your videos and I’m in Im committed!!, imma try this out I understand, thank you!, I sent in my info
I must be missing something, but how can you legally offer someone a lease option on a home that you only have a lease on. Likewise, how can you sell a home that you don't yet own?
Heather Estes You have a lease option on it. Neither you NOR the prospective buyer is buying it YET-but you both have the OPTION to-at the time of your choosing. You are just leasing in the meantime, and your prospective buyer is just subleasing in the meantime. The option fee/downpayment (non-refundable is the price to have that option in the future (and is applied discount IF you/they go through with it). Only if/when the prospective buyer chooses to buy do you actually buy-at the price you contracted with original owner, and your buyer at the price they agreed to.
Better show people how to check to make sure that the person that you are dealing with is the real homeowner and that the taxes and easements are in order. You should also check the city to make sure that the land in not going into eminent domain.
Hi kris. I'm doing my best to understand the content. I really like the idea. Just curious if you own the house if it works as good? Or if you're better off to stay away from that and do a lease option yourself? Thanks so much
Kris, I love your videos and they are so inspiring. Thanks for doing all that you do! I can't find the answer to this questions anywhere and have been searching and searching, could you shed some light? You say PM companies don't deal with lease options so how do I get a tenant? Am I supposed to fly out each time I hold an open house? Or can I hire someone to do showings/do background checks/deal with evictions? I'm so stuck, any help I would be grateful for.
First of all great video. Regarding the sandwich deal, 1. Once I buy a home from homeowner with LO, and THEN resell it again to another owner with another LO, wouldn't that make me sub leasing that homeowners house to another person? What if the homeowner regards me in that case as a broker and wouldnt be happy about it? Thanks!
I dont understand one thing. Ok lets say I can find someone for rent 2 own the property on a two year deal while I have it rented for 7 yrs. But what happens if they decide to buy it after those 2 years dont I have to buy the property first myself to sell it ? but how do i get those 150k because i dont think those ppl that i have in rent 2 own will give me 150k without some kind of purchse contract signed, but how can i first sell it to them if i dont own it ??
Hey guys thank you so much for your knowledge. I'm an apprentice diesel fitter about to become a tradesman here in Perth Australia. I've been in the mechanical industry now for over 15 years. But for me personally I'm not happy doing this as a living. (As usual Like most young people I was told what to do with my life and as a job bc in reality, it is really good money). Not to be a negative nelly, but I just cannot stand doing it anymore. I'm currently renting a small 3 bedroom 1 bathroom unit or villa @ $260 a week. Which is extremely cheap for Perth or the area I am in. I am 30 at the moment with a young son. And I've ALWAYS been extremely interested and have a deep passion for real estate ever since I can remember, it just excites me like nothing else. It'd be great if you could reply to this comment and give me some more advice if you guys have any on Perth or even the Australian real estate market and if this could or would work here. I could even give you guys some advice about how the market here works and how it has been in the past. Thanks.
The principle is the same. There is abundant info on this and many other channels. I hope you have made some more progress! I would love to hear where you are at now.
thanks for the great lessons, i wanna ask, how can we make the deal of the house price from the owner is it still the same price (150k) in the 7 years future, or we make the new deal of 7 years later price? thanks
Thank you so much for this series ! I have a very specific question, I don't know much about real estate and I was wondering if your program and this method can work in Belgium? That's where I live, but I don't know if there would be any legal constrictions (like renting a place your don't own yet for example) ? If anyone from Belgium could has any info it would be great !
2 Q's -How is it legal to create a rent-to-own contract on a home that is legally owned by someone else? -How does your leasee with supposedly horrible credit going to magically come up with 180k 2 years down the line in order to buy the home?
I really like the video I just have one question. When the person wants to buy it after the 2 years and their credit is good. How is the bank going to give you the money if you don’t have the title to the house because technically you haven’t purchased it yet so how do you get the money to the guy you are buying it from when the bank won’t give you the money for it (from the person that is buying it from you) because you don’t have the title yet. Or do you have to purchase it and take out a loan on it and then when you get the title have them sign and give you the money
I'm kind of confused here and I read some comments to understand it a little better so basically your leasing (basically renting to own) and then your leasing it to someone else for higher price? Includes bigger down payment from them and waiting until they're ready to purchase the home and will determine from the market at the time how much your gain is?
@Limitless TV hello, I am from the netherlands and I want to know if the program also can be bought and work here. Hope to hear from you Kris, many thanks!
Awesome information guys. I Just want to know how you came up with those number? I want you to do the math step by step slowly so I can see how you come up with those numbers. I want to know is it a certern percentage you do the math with.
Hey Kris, when you agree to buy the house at $150k from the buyer, with a lease period of lets say 5 years, at the end of which you buy it for $150k, won't the buyer consider the appreciation in the price and want more than $150 at the end of the tenure?
It depends. If they agreed to a set price in the contract then they can't change it. Most lease options don't have a set price. It's determined by an appraisal at the time you choose to buy
Kris how do you protect your self from a seller if property doesn’t sell in 7 years? or in a situation where even though you been paying the seller each month for let’s just say 2 years but than you sell the property and make a large spread of 60k and now seller notices the listing or see the housing value goes up and now want a bit more money than what was agreed upon in the first RPA/lease option agreement?
The strategies seems great, but like what is the risk behind it when you can't pay off the house to the original owner in 7 yrs? plus since you've signed a legal contract with the original owner, what will be the impact to (me) as a renter when I don't finish up that 7yrs agreement? Could I get an answer for this? Thanks for the Video because you guys went straight into answering the questions unlike most people, they would just have a long lecture without giving out the actually answers.
hey guys my question would be, I am a real estate agent. But I would like to do stuff like this on the side for myself would this be possible with my career?
When do you buy the house from the original owner? Also, do you have the right to sublet it with a lease option to own if you don't already own the house?
Would you show us what the actual contracts look like? Or be able to let others use your contracts for the option to buy and the renting contract since you have found what the contracts should say
I wish I could attend your November unleashing of financial destiny but it’s kind a hard here in the Philippines to have approve visa going to US,I hope your team could also come here un the Philippines kris
Really liked the part where u said check craigslista and started tip go into detail on exactly how to do it. Anyone that could give me more advice in that area i wuld be very thankful?
You take a portion of their monthly payment and “set it aside” to credit back to them when they buy. In reality you don’t need to set it aside because the increase in house price will cover all the credits you owe them.
People have to leave somewhere right?. The worst that could happen is you extending your purchase option and keep doing it until economy bounce back up.
Kris - Are you saying that you are actually leasing a house that you leased? I am not sure how that's possible. More details on that, contractually, would be nice.
I got my first serious job about 4 months ago. I am finally doing well and want to get on board with your program. I do not currently have the funds for this program. However, I am very eager to start. Is there some sort of payment plan for the system?
I’m only 16 and I’m about to explain all of this to my parents. If I actually got and wrote everything down right it’s going to help my family a lot. Thank you for sharing this strategy with us.
How's the journey been bro
how’d it go?
So, what happened since then?
have you started yet?
update?
Your videos really really inspire me and I am 20 year old guy and I already have 2 homes in the last 6 months making me $900 per month and I am not stopping.. Thank you so much..
Ishan Purnapatre how am I supposed to acquire a house to do this method with in the first place I’m confused I have no credit?
Hello Kris, Lease option is the best way I have ever did with the real estate!!! Thank you soooo much!!! You with your videos and this knowledge gave me power!! I love Lease option and now I only concentrate on doing it!!!
They are "legal" in the sense that, done properly, no laws are violated. However, many of these schemes involve ignoring the contract rights of the owner, and are therefore very risky. You will require the services of an attorney for the transactions to be done properly, and without exposing you to legal action. -J. Robert Thompson Attorney
he mentioned that in the last video.
Mr. Thompson, where are you located? I may need your services.
@@markgardner3108 I don't know. You'd have to look the guy up.
There are multiple cites with name as an attorney, and and that's why is asked. Where did you get the quote?
I took notes and hoping to have a career in in real estate 17 years young. Thank you for helping me understand the bigger picture 👍
Me tooooo😍
me too hopefully i’ll start within the next couple months !!
how's the journey?
What if they move in wreck it and leave?
Do you protect the house, eg, require, insurance, repairs, cleaning maintenance checks, inspections, pay property taxes, etc
Your contract should cover that they would pay for any damages they cause 👍🏿😁
I can tell you have passion for this ! Great job definitely motivated me 💪🏻👏🏼
I really have to say your videos are very inspirational and motivational. Your a great teacher and hope to see more videos from you in the future.
Thank you for changing my views on life my wife and I are starting and you made it a dream we made it a reality!
So how’d it go it’s been 8 months
The word retirement keeps popping up, but you’re still working, teaching people how to make money for you. Maybe you didn’t retire, but you found the career that makes you passionate.
I retired from trading time for money.
Retired means your done with the rat race
@@rileyspowersports6967 Yeah it's called RATired! 😁
When doing a sandwich lease do you need to disclose to the first homeowner that you will be renting the property out too, or do you rent it as if you’ll be living it in it and then lease it out. I see how a lot of homeowners would not like someone else than the person they met living in the home
What makes people think they can buy the house in 4-7 years if they don^+t qualify for a loan ? do you post the rent to buy agreement on the deed recorded ? otherwise why does buyer trust you will sell it to them and not some third party ?
I'll be now of those to come back to both of you to say thank you. I am up for this!
For people asking questions about renting the property while you have the rent contract with the original owner, it’s easier to try to save up for mortgage and down payment (since you’ve been trying to get yr credit score high enough to apply for a mortgage) so later on you won’t have any problems with the actual owner and you could easily sell the property to the family whose been renting it and on top of that, EASILY purchasing another house because you’re already approved for mortgage.
These guys are very bright and seem to have a nice system going where they live. It’s too much of a gamble with these California home prices. Can’t find a shed for less than half a million anymore lol.
Hey Kris. I have been eating your TH-cam videos for so long now. I love all the learning golden nuggets. I would really like to get in contact with you man!! I'm moving to a different country that I can see huge opportunity for real estate and I would love to get you insight into how I should go about.
Thanks man!! Your content is outstanding, wouldn't surprise me if you get the hundreds of thousands of subs in the next few years.
All I have to say is, KRIS, thank you!!! I'm going to the top!!! Watch!!!
Do you have a video explaining the benefits of lease options for tenet/ buyers
great video... how is it possible to sell a house that your leaseing your self you dont own it yet... plz replay ...
What if you have to evict the person you lease to and you don’t own the home yet. How would that work?? Would you have to involve the original owner?
That is what I am questioning.
It should be part of the contract if I’m not mistaken
You aren’t the owner, but you would have an equitable interest in the property. Not sure if that would be sufficient in an eviction process.
First off, great video!!!I have a question about lease with option to buy...... Let's say me and the owner agree to a $5k option down payment,and me and the tenant agreed to a $10K option down payment,I understand that my profit is $5k. But let's say the tenant exercise the option to buy,do I have to put that entire $10k towards the purchase of the property,even though my agreement with the owner is $5k?
Love the Idea, It happens to me before but in a different way. thanks for the knowledge.
You're welcome. Thanks for sharing.
This is gold!!! Can you do this deals with houses in Canada/USA/Mexico? I the owner of a marketing agency in Mexico City and I’ve got to say this house stuff is awesome!! I will definitely watch all of your videos and follow every step.
What about tax? Or the ira? Is this all just okay without ever claiming anything?
cool. i think this was really str8 forward. i’m gonna do some research in my area.
Thank you for explaining all this in an easy to understand way!
You're welcome!
Wonder if this will still work on 2023 with the current rental market
This is great! I was wondering at 6:10 where you say "let the market determine the price but this is the minimum it can sell for". So do you write into the contract with your lessee/buyer that the sale price shall be determined by the appraised value, with a minimum sale price of ___"?
wondering what a contract is
pls explain
You didn't explain how you can sign a legally binding contract to sell someone else's real property that you have no equitable interest. According to the US Bankruptcy Court, an unexercised Option Contract does *not* convey equitable interest in the asset.
From what i understand (not 100% sure) is that you can exercise your option to buy at any time, so if you have someone exercise their option to buy, you exercise yours and then everyone is legally bound to sell/buy the 3 go to make closing statements.
You are not legally bound to exercise your option. However, you can resolve the issue by granting to your tenant-buyer an "option to buy your option".
Also, not fixing the terms and price (leaving it undetermined until a future appraisal) in your option with the tenant-buyer is not an option at all, but only a first right of refusal. It's fraudulent crap like that that compelled the Texas legislature to essentially outlaw lease-options.
Chris can you answer this? Because this seems like a huge point
Hmm interesting I’d love to hear their answer...been 5 months and I’ve seen this guy bring up two great point these two in the video never address.
Im just trying to understand a comment you made "It's fraudulent crap like that that compelled the Texas legislature to essentially outlaw lease-options." So is it ESSENTIALLY illegal, meaning its not actually illegal... Or it is illegal in TX? It is one or the other.
i love hearing about what deals you guys are currently involved in and ones that you have done in the past. Can you guys make more videos explaining those deals and your past deals?
Hey Kris just picked up my first deal after watching your videos. I’ll send pics later i am going to do some repairs to make it more appealing. Thank you
I wonder lmao it’s been a year
Bro I just subbed, honestly took notes!, watched a lot of your videos and I’m in Im committed!!, imma try this out I understand, thank you!, I sent in my info
Please can you explain more on how the partnership deal is set up and what it contains? How the split of money goes? Please!
Wrap around mortgages work the same way. Can you post a video of both wrap vs sandwich, (sounds like lunch choises) pros and cons, one vs the other
bravo fellas!!! Ive been wholesaling houses for a little while and cant wait to fly with this!!
Thank you Kris and Steve that was awesome. I hope to learn and come to Utah to meet you two person next year.
We look forward to meeting you too!
I must be missing something, but how can you legally offer someone a lease option on a home that you only have a lease on. Likewise, how can you sell a home that you don't yet own?
Heather Estes You have a lease option on it. Neither you NOR the prospective buyer is buying it YET-but you both have the OPTION to-at the time of your choosing. You are just leasing in the meantime, and your prospective buyer is just subleasing in the meantime. The option fee/downpayment (non-refundable is the price to have that option in the future (and is applied discount IF you/they go through with it). Only if/when the prospective buyer chooses to buy do you actually buy-at the price you contracted with original owner, and your buyer at the price they agreed to.
Can you do a Sandwich Lease Option on a Commercial property?
You do a master lease with an option.
Better show people how to check to make sure that the person that you are dealing with is the real homeowner and that the taxes and easements are in order. You should also check the city to make sure that the land in not going into eminent domain.
Kris, now that the house market is extremely high, would it still be a good move to do real estate as a beginner?
Love the enthusiasm and information.
Hi kris. I'm doing my best to understand the content. I really like the idea. Just curious if you own the house if it works as good? Or if you're better off to stay away from that and do a lease option yourself? Thanks so much
Great question. I just filmed a video that answers this question. Stay tuned for the video with a title something like, "should I pay off my house."
Yes...absolutely!
I’m gonna start this in Utah!
Kris, I love your videos and they are so inspiring. Thanks for doing all that you do!
I can't find the answer to this questions anywhere and have been searching and searching, could you shed some light?
You say PM companies don't deal with lease options so how do I get a tenant? Am I supposed to fly out each time I hold an open house? Or can I hire someone to do showings/do background checks/deal with evictions? I'm so stuck, any help I would be grateful for.
First of all great video.
Regarding the sandwich deal,
1. Once I buy a home from homeowner with LO, and THEN resell it again to another owner with another LO, wouldn't that make me sub leasing that homeowners house to another person? What if the homeowner regards me in that case as a broker and wouldnt be happy about it?
Thanks!
a lease option is assignable.
@@KRISTAMUSIC yes , this is the answer.
Lease option IS in fact Assignable.
I dont understand one thing. Ok lets say I can find someone for rent 2 own the property on a two year deal while I have it rented for 7 yrs. But what happens if they decide to buy it after those 2 years dont I have to buy the property first myself to sell it ? but how do i get those 150k because i dont think those ppl that i have in rent 2 own will give me 150k without some kind of purchse contract signed, but how can i first sell it to them if i dont own it ??
That’s a great point !
Not sure, but I believe you would have a double closing, or you would simply assign your option to the tenant at the closing.
Hey guys thank you so much for your knowledge. I'm an apprentice diesel fitter about to become a tradesman here in Perth Australia. I've been in the mechanical industry now for over 15 years. But for me personally I'm not happy doing this as a living. (As usual Like most young people I was told what to do with my life and as a job bc in reality, it is really good money). Not to be a negative nelly, but I just cannot stand doing it anymore. I'm currently renting a small 3 bedroom 1 bathroom unit or villa @ $260 a week. Which is extremely cheap for Perth or the area I am in. I am 30 at the moment with a young son. And I've ALWAYS been extremely interested and have a deep passion for real estate ever since I can remember, it just excites me like nothing else. It'd be great if you could reply to this comment and give me some more advice if you guys have any on Perth or even the Australian real estate market and if this could or would work here. I could even give you guys some advice about how the market here works and how it has been in the past. Thanks.
The principle is the same. There is abundant info on this and many other channels. I hope you have made some more progress! I would love to hear where you are at now.
thanks for the great lessons, i wanna ask, how can we make the deal of the house price from the owner is it still the same price (150k) in the 7 years future, or we make the new deal of 7 years later price? thanks
Thank you so much for this series ! I have a very specific question, I don't know much about real estate and I was wondering if your program and this method can work in Belgium? That's where I live, but I don't know if there would be any legal constrictions (like renting a place your don't own yet for example) ? If anyone from Belgium could has any info it would be great !
Thank you guys!
2 Q's
-How is it legal to create a rent-to-own contract on a home that is legally owned by someone else?
-How does your leasee with supposedly horrible credit going to magically come up with 180k 2 years down the line in order to buy the home?
They sometimes don't ans they leave and you get the house and redo the situation
@@zackpetersen779 that still doesn’t answer the first question
Thanks so much
I really like the video I just have one question. When the person wants to buy it after the 2 years and their credit is good. How is the bank going to give you the money if you don’t have the title to the house because technically you haven’t purchased it yet so how do you get the money to the guy you are buying it from when the bank won’t give you the money for it (from the person that is buying it from you) because you don’t have the title yet. Or do you have to purchase it and take out a loan on it and then when you get the title have them sign and give you the money
Does it become a wholesale play where you are just the middle man and you get the difference?
Essentially it is what Matthew said. It isn’t wholesale though, but you are a sort of middle man.
Excellent
I'm kind of confused here and I read some comments to understand it a little better so basically your leasing (basically renting to own) and then your leasing it to someone else for higher price? Includes bigger down payment from them and waiting until they're ready to purchase the home and will determine from the market at the time how much your gain is?
Great video great motivation 🙏🏼🤙🏼
What kind of monster puts cool whip on a sandwich
I hope he meant Miracle Whip
@Limitless TV hello, I am from the netherlands and I want to know if the program also can be bought and work here. Hope to hear from you Kris, many thanks!
Does the link cover the UK as well?
Awesome information guys. I Just want to know how you came up with those number? I want you to do the math step by step slowly so I can see how you come up with those numbers. I want to know is it a certern percentage you do the math with.
Hey Kris, when you agree to buy the house at $150k from the buyer, with a lease period of lets say 5 years, at the end of which you buy it for $150k, won't the buyer consider the appreciation in the price and want more than $150 at the end of the tenure?
It depends. If they agreed to a set price in the contract then they can't change it. Most lease options don't have a set price. It's determined by an appraisal at the time you choose to buy
Kriss please put a subtitles on your video's. So that we can clearly understand everything. It'll be more easier to get.
Just turn on the captions in settings.
please do a video that you explain all the vocabulary words used in real estate
Mind blowing !!! Seriously thank you!
Kris . How exactly can you rent out your home to a renter. Do you have to tell the bank that your gonna charge more in rent or no?
I’m still kinda lost
Watch this series. I go into a lot more detail. th-cam.com/play/PLWWMFdKhGQUOl_P9Q9Z6soewajAPdpw9m.html
10/10 video . i will be signing up for this hands on help program right after i graduate college !
We'll be waiting!
Toshi Taniguche How’s it going so far. Did you sign up after all?
Kris how do you protect your self from a seller if property doesn’t sell in 7 years? or in a situation where even though you been paying the seller each month for let’s just say 2 years but than you sell the property and make a large spread of 60k and now seller notices the listing or see the housing value goes up and now want a bit more money than what was agreed upon in the first RPA/lease option agreement?
The strategies seems great, but like what is the risk behind it when you can't pay off the house to the original owner in 7 yrs? plus since you've signed a legal contract with the original owner, what will be the impact to (me) as a renter when I don't finish up that 7yrs agreement? Could I get an answer for this? Thanks for the Video because you guys went straight into answering the questions unlike most people, they would just have a long lecture without giving out the actually answers.
Extend the terms with original owner.
How could I apply this in my own country, a different context? I live in Vanuatu, South Pacific
Chris it would be nice if you had online courses
Is this "strategy" or I would rather say channel still up to date? That link doesn´t work, so does he have new webpage or something?
Great videos Kris!
wow thank you
Does it work in every country kris?? For example UK
hey guys my question would be, I am a real estate agent. But I would like to do stuff like this on the side for myself would this be possible with my career?
Thanks 🙏
Im considering to try the lease option but to live in until ready to buy.. does that make sense to do?
How do you go about finding a mentor for this kinda stuff ?
So after 2 years your tenants want to buy the house. How would you do that? Do they just pay one more month rent? I'm confused
I think they pay the remaining balance... Unless the contract says it must be over 7 years or whatever
When do you buy the house from the original owner? Also, do you have the right to sublet it with a lease option to own if you don't already own the house?
When you get your buyer
Would you show us what the actual contracts look like? Or be able to let others use your contracts for the option to buy and the renting contract since you have found what the contracts should say
Thank you this information is golden!
I wish I could attend your November unleashing of financial destiny but it’s kind a hard here in the Philippines to have approve visa going to US,I hope your team could also come here un the Philippines kris
I have a question… how do u get the person to finally buy the house ?
I feel like I'm watching two coaches break down plays
Really liked the part where u said check craigslista and started tip go into detail on exactly how to do it. Anyone that could give me more advice in that area i wuld be very thankful?
How do you find houses???
Question: where doe the 100/200/25 dollars equity they get with every monthly payment? Still a bit confused up to how it works.
You take a portion of their monthly payment and “set it aside” to credit back to them when they buy. In reality you don’t need to set it aside because the increase in house price will cover all the credits you owe them.
Where can I find a contract for Florida
How do you actually sell it without an agent/closing etc in the end when they’re ready to buy?
what are your thoughts on doing SLOs when there is going to be an economic downturn in the near future?
People have to leave somewhere right?. The worst that could happen is you extending your purchase option and keep doing it until economy bounce back up.
You guys are so amazing! Thanks for putting it into perspective! Ive know about this but haven't ventured there
Thank you glad it helped!
Does the entire payment of $1,200/month go toward equity on the house for them or just the down payment and $200/month?
Just the 200 a month and down payment
And contract can state only 200 a month for *ON TIME PAYMENTS
@@DroppinEggs2 If you're sleazy, yes.... your contracts would probably say this.
Kris - Are you saying that you are actually leasing a house that you leased? I am not sure how that's possible. More details on that, contractually, would be nice.
How do I get in touch with your team
Better mention that some banks do not allow sandwich contracts.
I got my first serious job about 4 months ago. I am finally doing well and want to get on board with your program. I do not currently have the funds for this program. However, I am very eager to start. Is there some sort of payment plan for the system?
and can i use a private lender if i dont have the down payment?
Numbers always looks good on paper, reality is different!!!! But still very confusing