The Secret Benefit of a Basement Rental

Basement rentals are the UNICORNS OF THE REAL ESTATE WORLD. But they only work if you do it in the right way....
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Kris Krohn
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Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
The above summary disclosure is provided as an overview, and is not intended to be comprehensive. Additional details are reflected below. See full disclosures here: www.kriskrohn.com/epicdisclosure
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.
DISCLOSURE OF FINANCIAL RELATIONSHIP
Mr. Krohn has a financial interest in EPIC Insurance Services, LLC (EPIC), a licensed insurance brokerage agency incorporated in New Jersey, and is compensated by EPIC. See full disclosures here: www.kriskrohn.com/epicdisclosure
#KrisKrohn
#RealEstateInvesting
#MoneyMindset

[@Real.Estate.Report]

I have some friends who own a house with a 900 SF guest house in the back yard. They airbnb the guest house and it pays for ALL of their housing expenses plus a few hundred extra per month!

[@tcampbell5335]

Great video! I like how you broke down the terms and how clear you were! I already knew this information but did not know the correct terms! I’ll be sure to check out your other videos!

[@LifeofKairo]

And incentivize the renter by saying they can Airbnb out the mother-in-law...
Apartment 😛

[@JoeInTheDark]

Nice always following !! Trying to learn the most I can from ya! Got your book and going to be doing the 7figurehustle.

[@legendsl5863]

Keep giving us this videos thank you bigger ❤️ things to come in your life

[@anthonytuccillo8209]

Could you please make a video about how much effort/determination it took to get to where you are?

[@warrioryt7037]

Dude I love Kris Krohn’s videos. Am I the only 15 year old kid out there ?

[@ameyasontakke2912]

I am 16

[@pieterriekert710]

Im 13

[@aaron_reynoso]

I’m 13

[@alexbaldwin3744]

I am 15 I started learning about real estate/ business at 12

[@warrioryt7037]

@@aaron_reynoso ok nice!

[@Michaelwentsomewhere]

Please get your books on audible. It can be time consuming but itll increase your reach

[@ntr6450]

With the mother in law and accessory apartments how long are you required to live there? Is there a time limit that lets you move out after a certain amount of years and rent out the whole property legally?

[@Jstephj4]

I'm going to buy a house renovate the basement . Rent out the top , use the yard as a greenhouse , then I can build my wood shop , ETC 👳🏾‍♂️

[@vidagutierrez1009]

It’s funny how I think the same think , I been renting my single family house but I want to convert my detached garage to a studio what you think Kris ?

[@Tiffany-cj4qe]

Can you legally get the legal description of the home changed once you’ve had the work done to meet requirements?

[@danielpalma3898]

Saludos de Mexico broh

[@clearsara5686]

Which state are you investing?

[@alexbaldwin3744]

Do u just walk up to homes that u may or may not own anymore to give examples for the video lol great vids as always

[@goodcatfilms4276]

Kris I am a a fellow overt narcisist and I hope to one day be as pro social with your gifts as you are while still getting our much needed supply lol

[@yonissaid714]

Hey power squad, why not pitch my idea here.
Since you guys are some mega-minds in finding good deals, why not create a web where u post all the deals you can find above 20% ROI. and charge a monthly payment for it. Mr. Kris takes some % while all of you get some % of the cash flow. I'm 100% sure that every viewer will be trying this out or the least be VERY interested in using it. win-win scenario if you ask me.

[@haidaralhasan7235]

I just have this question can you get more then one mortgage so you can buy houses again and again

[@chasebrown850]

Yes

[@ameyasontakke2912]

Hey!!
I want to meet you once..
It's my dream 😁

[@ksmithdesign38]

Do you do in person training or meetings? I’m just outside Provo.

[@VanekLarson]

Getting famous off comments day 180, hope everyone has a wonderful day and hope you accomplish what you want to accomplish🚀

[@warrioryt7037]

Hopefully

[@itsronvillegas]

Kris, I tried to access your links but it keeps saying that your URL is infected by a phishing virus. HUHUHU I've been watching everyday and I am fascinated by your story. I hope there is a way for me to join you masterclass if you have one.

[@umerfarooq-jm6zh]

What did u mean by the 51% u mentioned

[@yosoytercio245]

👍🏼

[@GreaseMonkChronicles]

Hi kris I will be a first time homeowner here in NYC, looking to close sometime December. The single family house was $645000 with 20% at 2.75%. My monthly mortgage is looking around $3000 with all utilities included. I’m looking to rent out the first floor and garage for $2200 and myself live in the basement. Houses here in NYC for even a single family is outrageous. Do you think I’m making a bad investment.

[@connorgurgone345]

Leave NY. It’s not worth it to invest their. At max cap rates are 4 percent.,I invest in Arizona their is like 7-8 cap rates and appreciation is similar

[@GreaseMonkChronicles]

@@connorgurgone345 I can’t I work for the government here, and majority of family members are here.

[@GreaseMonkChronicles]

@@BevTvv no jobs there

[@NAS100-DISIPLINED]

Just wanna be one of the first here

[@SummerSausage1]

Felt a bit scammy with that intro, camera work, and bio. I won't be watching the video, but if you have a large drop in viewers at the start its likely because of that fact.