Getting Into Real Estate As a Beginner
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Getting Into Real Estate As a Beginner


Kris Krohn here and some of you have
asked me if I would actually talk more about how it got started on my journey
in the land of real estate, creating wealth, retiring at the age of 26 so in
today’s video, I really want to back up and share with you some of the moments
in my life that really helped me create this self-made success and I hope it
will help you on your journey too. So many people asking and wanting to
know, Kris, how did you do something so extraordinary financially in such a very
short period of time? And I thought today I would try to give you really the the
full story behind how it happened because I think there might be some
nuggets there that can be useful for you. It started actually when I was 8 years
old that we’re like going back to the beginning and I would witness my parents
struggle with money and really fight about money. My mom being more Irish and
my dad definitely being German, you mix those two together, you’re going to get kind
of a little bit of a volatile scenario and my mom and dad would be pretty vocal
about their fights, they try to keep it away from the kids but there was no
doubt in the fact that we knew that there was fighting over money. My dad was
an entrepreneur, trying to make it in business, nine kids and I’m number four
and if you study child theory, order theory, I’m the glue, right? I’m the one in
the middle that’s trying to keep the family together and so one time I
overheard my mom and dad in the office at home
arguing over money and I have this strong feeling, I want to make enough
money someday for my parents. Now that’s a cute thought and feeling of an
eight-year-old trying to be the glue to hold the family together but something
really touched my heart and felt very very inspired that day and so I just got
it early on in my mind that I needed to have enough money growing up for my
family and also for my parents so basically two families and if I fast
forward the next moment that really impacted who I am today happened when I was 15
years old. I was in that awkward teen years where it was right before my
big growth spurt and I was kind of chubby, I didn’t have a lot of
self-confidence and I really wasn’t aware or awake to life, I felt kind of
picked on and made fun of in school, I think most people probably did but my
dad got me a paper out, he tried to put me in different sports and try to awaken
something from within and nothing was doing it but my dad put me in front of
the paper out and I was curious and I came to life and it awoke this inner
entrepreneur, right. An entrepreneur who by the way, the summer earlier during
school had actually sold mom and dad’s, I basically had made my own fun dips out
of mom’s sugar packets with kool-aid and had kids buying that for the first half
the day made like 40 something dollars and I got pulled into the VP’s office
and she confiscated after she tried snorting some of it. I couldn’t figure
out why at the time, she thought us doing drugs, I figured out
later on but anyway, I had this entrepreneurial thing going on and being
a paperboy, I could make $400 a month delivering these papers after school on
my bike, loved it so much I picked up within six months two more routes all
next to each other so I had this bag on the front and back and I was carrying 70
papers and I had to like line up the addresses and the people and then to
boot, I was going for speed. Within six months, my body trimmed down, I hit this
growth spurt, girls started taking some notice, I went through that awkward
puberty phase and really woke up with some confidence. I remember there was
this moment between my two bike routes where I just stopped and felt that I had
woken up consciously to life. Combined my desire to want to take care of my
parents financially, combine that with this empowerment of I believe in me and
I was going to carry that now till I got in college and I remember the day I got
married. So third day of school, I met my wife and nine months later, we got
married and we had flown out to the East Coast from Utah to get married cause
that’s where she’s from and all my family came out, all my siblings except
for one and on that wedding day, I remember I felt like we were starting
for us something new and I felt like I was ready to conquer the world, I was
going to take the world down, I was going to win, I was going to claim everything that
was in my mind, I had a plan, I was going to be a doctor and I was going to take care of
my family and my parents and that’s where I entered the real world, that’s my
history in a nutshell that brought me to the point where, alright, I’m a married
man now, I got to get serious, I got to take it down and you know how I’m going to do
that? I’m going to excel in school, I’m going to get good grades because anything I’ve
ever wanted, I could effort. Day one of that chemistry class, I get there right
in front of the professor, you know the professor saying? Alright, to a class
of 200 students, my job is to fail 90% of you, grade you on a curve because most
you should not go into medicine. I’m like, oh dude you’re speaking
my language, that’s right, we’re going to weed out 90% of these clowns and I’m
going to rise up make this happen. Well fast forward four months, get to the end of
the semester and I got a C and a C grade in and of itself is maybe not a bad
grade but if you want to be a doctor and this is the start of a long science
career, I sat down with my science person that I’m supposed to sit down with my
career specialist and he looked at my grades and
said, “Kris, this is not for you, get out.” I said,
“Kris Krohn don’t quit.” so I doubled down, I said, I’m going to figure this out so I
took the same class again. I got a tutor, I worked my butt off and I
get to the end of the term and guess what, I’ve got a C minus Same material,
did it again, worked extra hard and got a worse grade. Friends, I was pursuing a
path that was not in my natural aptitude and ultimately, it was a crushing day
because when I talked to my career counselor that time, I had to admit he
was right. It was like the first time in my life I felt, it was like the big
balloon of excitement for life that day got popped and I’m
like, oh I’m stepping into this real world where life sometimes just sucks.
I felt hammered. I remember walking home that day feeling like crap and I went
home and I told my wife and was actually nervous, I was scared to tell her, I don’t
think I can be a doctor. It didn’t even faze her, she didn’t even blink, she’s
like, well I believe in you, you’ll figure it out. I’m like, really? I kind of sold
you on this premise and you know, wasn’t that kind of part of you falling
in love with me? She’s like, no. So I knew that at that point, I had to figure
something out and the plans that I had had for years was not going to happen
the problem was is that as I researched all the different opportunities and ways
of how it’s going to get where I wanted to go. I just remember feeling, I sat down with
a different career counselor because now I wasn’t going in the medical field and
he started putting options in front of me like psychology and this and that
kind of thing and to become a teacher and I started looking at all
these options and I remember how I felt inside, it was like, have that pit my
stomach like, oh what’s this major called and how much money can they make?
Well $60,000 but what’s this path and how much can I make? Well $40,000? What
about that one? $80,000. I’m like, how am I actually, how am I
going to take care of my two families because that just doesn’t sound like a
lot of money to take care of one? I didn’t have a whole lot of real-world
experience with money but I knew that it wasn’t going to be enough and I remember
how sickening that really felt. I don’t know if you’ve ever felt that way before
where you once had dreams and you were excited about life and then that bubble
got popped and then kind of deteriorated but I’m so grateful for those moments
because they’re really what kick-started my journey. The
moment that truly changed my life was when my wife and I ran out of money and
we were going into debt and heard her checkbook had bounced, didn’t have the
ability to buy groceries that day and when I found her in that state of tears
from coming home from the grocery market, wasn’t able to buy food and in that
moment, I felt like the crappiest human being alive. I was like, oh I have never
felt so low in my life.I am pathetic, I’m a horrible friend, I’ve let my wife down,
I’m a bad provider and I was working full time. Again, so grateful because all
of that is what led to my really big transformation, might lead to your really
big transformation because for me, it was a moment and that’s all it needed to be.
It was a moment for me to decide, I’m going in a direction that I don’t like,
it’s debt, it’s no money, it’s no happiness. I need to find a new path and
frankly, I don’t need to be offensive to any of you young people watching this
but college was only going to, it wasn’t going to give me everything that I
wanted, it was going to give me a step in the direction of what I wanted. Sometimes
we look at college like it’s the last most important education of our life.
It’s kindergarten compared to the education that you need in life, the real
world of education that I would need could not be found within the halls of
university and university is great for people that if you want to be a doctor,
you better be going to college, right? No one wants you to figure that out
in the back of the veterinary story so it all really came to a head with
feeling really crappy knowing that things needed a change
and I decided that I would move heaven or hell and do anything and everything
required not to live the next 40 years in financial lack, in a manner I had seen
my parents do it. That decision was a really important moment because I had a
lot of crappy feelings inside but the only thing that I had was this tenacity
said, I’m going to mount up, I’m going to rise up and I’m going to conquer, I’m going to
figure out how to do this and four and a half years later, I was retired, just
after graduating college but what really happened that made the difference that I
would submit to all of you is the one thing that we really need that we’re not
really trained that we need, in fact, we don’t even know what we don’t know, we
don’t even know what we don’t know that we don’t even know that we don’t need
that we need to know, if you follow me there, is this idea that the higher
education, sometimes school gets in the way of the higher education. The higher
education ultimately for me came through mentors. You want something in life and
you got to find the men and women that have it and you got to find a way to get
into a relationship with them where they can show you how to do it, you got to
find a way to make an arrangement with them somehow some way where they could
take you under the wing and whether they can actually spoon feed you the critical
knowledge that will make the difference because in the end, it’s not always what
you know more often than not, it’s actually who you know and people are the
ones, life is a business of people. People are the ones that are going to take you
where you want to go in life, it translates and transcends systems and
and business formulas and things that have provenly worked. Who are the
people that are going to get you where you want to go? I found some people in my
life that when I found them, they didn’t know that I was looking for them and
they certainly did not want to work with me. The first man that I found, my wife
and I were financially struggling and in church, we
decided to take this kind of Church evening class for marriage improvement
and on the fifth week, it was on finances and they had this guest speaker come in
that spoke very sophisticatedly and there was something different about him
and so I wanted to approach him after the class, it’s like, what is it about you
or what’s your career? What do you do for work and he hadn’t worked last ten years
of his life, he actually just got back from international traveling with his
young family and I found out that he had done it through real estate investing.
Moment he said that, I caught the bug, it just,
I knew my path, I knew what I needed to do, I just didn’t know what that really
meant so I started tracking him down literally even drove out to the dude’s
house and knocked on his door and he was frustrated like, you don’t have an
appointment, you haven’t like, what are you doing here? And I was begging for him
to teach me and in that same manner, I found two more mentors that year that is
road on their coattails and I was hungry for anything that I could get. I would go
where I needed to go, I’d get on any plane that needed again, I would do
anything required to figure it out. At the end, four and a half years later
retiring the first time and then creating this wealth and doing all these
great things in my life, I think I’ve had to chalk up what
it all possible. It has nothing to do with real estate, it has nothing to do
with money, it had to do with the desire to be a self-made man, it had to do with
this knowledge that no one else going to figure this out for me, no one else is in
charge of my life the way I’m in charge of my life, no one else is going to author
my future, depends in my hand and the book is blank and it’s up to me and so
my whole story, yeah, I created wealth and real estate and I’ve created wealth in a
number of other industries and yes, real estate is my major backbone and yes, you
can you know go to my website, click the link and learn from me and let me
teach you how to replicate what I’ve done and I’ve done that for thousands of
people but the one thing that you’re really going to need beyond any of that is
do you really have a reason inside of you big enough to motivate you to move?
Because if you do, day in and day out and move on your own, unmotivated by anyone
else, then you have what it takes to achieve frankly just about anything
that’s inside of your bandwidth of your potential. None of us really knows how
long life is, don’t really know if it’s going to be a long one whether we’re going to
get old, if it’s short but you’re alive today and that’s a gift. What are you
going to do with it? So many of us are living beneath our potential because
we’re waiting for it to be handed out to us for someone to reveal it, to us for
someone to make it easy enough, to make it 3 simple steps. Listen, the road to
real success in getting where you want to go, it might be the hardest thing
you’ve ever done but it’s actually why you’re on this planet and that’s your
journey of being here so my invitation for you is to figure out how to get
connected inside with that motivation that says, you know what, this is my life
and I’m going to make this happen. Sure, I might use Kris’ system or somebody
else’s system but that drive has got to come from within and if you want to know
how to get it, it’s just a choice. Are you ready to start your journey of being
your own self-made success? Then I want to invite you to click the link up here
and get in touch with me my team. I’ve laid out a number of different ways
that we could play together, ways that I can mentor with you, way that you can
work with me in my team, ways that I can get you extra deals. Listen, real estate
has its tough parts and it can be hard but that’s why I brought the team and
the supplies and the properties to make it a whole lot easier for you. If you’re
ready committed to getting start on your journey,
then come learn what those options are and let’s play and create wealth together.

100 Comments

  • Bill Anderson

    It's the last question that really screws me over. I don't have a real reason to do anything. Being born rich has sucked the ambition right out of me.

  • tristin sanford

    I’m 16 and I don’t want to have a life where I can’t live to the fullest I have just found your channel and I showed my mom which is single and has two teen kids I would appreciate if you made a video on how I could start my life off right and start making money

  • Melanie Wright

    You are so spot on about college. Right now for some reason we are trying to push everyone into STEM majors in college and most people do not have that kind of aptitude. I scrapped my way through a Chemistry degree but had to fight for it then went into a leadership program for graduate school which I enjoyed so much. I'm now doing finance and laboratory management now for a large Chemistry program but I have such bigger dreams still and want to do so much more.

  • MILWAUKEE WISCONSIN

    My grandfather started flipping houses in Milwaukee Wisconsin in the 1950’s. He had a million net worth back then. When he died in the mid 90’s he didn’t mentor my mom or uncles. He took the freaking knowledge to the grave with him SMH

  • Someone Somewhere

    Kris Krohn I've been dying to find a proper mentor that can actually help me personally. So I don't know if you'll answer but I would love for you to teach me how you started and give me tips.

  • Someone Somewhere

    Kris Krohn I've been dying to find a proper mentor that can actually help me personally. So I don't know if you'll answer but I would love for you to teach me how you started and give me tips.

  • Someone Somewhere

    Kris Krohn I've been dying to find a proper mentor that can actually help me personally. So I don't know if you'll answer but I would love for you to teach me how you started and give me tips.

  • Will Rannikko

    Absolutely tremendous story. I completely relate. The struggles, the feelings, and the rising motivation out of everything. I'm glad I came across your content Kris. Excellent work

  • bob sanders

    give me the small details on how u started 🙁 I know all this crap and about mentors and mentors cost a lot to begin with. how did u find a million-dollar real estate mentors tho? it's not desire that got u there it's the step by step mentoring u received the technical terms u got from the boy.
    1. how did u find the house and how did u snag a deal
    2. how did u get a tenant to live in the basement of your house
    3. how did u get the property recognized as a rental property and how you file the house as a rental property and what did u pay and to who?
    4. how did u get the terms filed as to the condition of the terms and condition for the rent of your home. did u pay an attorney to file a term and condition for your state? did u file for LCC or incorperate
    5. how did you find your next home and how did you pay the home and snag the best deal?
    6. how did u establish a partnership? how do u ask for one?
    8. do u know the technical details into a 10.30 and is it worth it? not because u think it from the profits u made

    you are an interesting fellow and I want to be an investor too missed big deals on stock I looked at but I was a kid so i could not get my parents to buy it for me to invest in real estate to move out of my little town. anyways u are interesting fellow and I have no money right now so

  • Arab Gaming - Brawl stars

    Hek kris great vid! heres my question , i have no knowledge about real estate , so who or what do i need to start getting the knowledge? how can i understand the basics`?

  • O'Hare Aviation - Jay's HD Plane Spotting

    Wise words and many thanks for your story.

    I love the words of that song…
    "Every day is a gift you've been given.
    Make the most of your time every minute you're livin'."

  • SportsBuzz

    I Live in Hawaii and everything is so expensive here. A house cost 500k-2mil. I have a down payment of 30k. Should i start my journey on buying apartment first or a house?

  • Grow Heavens

    'In fact we don't even know what we don't know. We don't even know what we don't know that we don't even know that we don't need to know.' In 4 seconds try it like he did.

  • Caleb Partridge

    This is probably the best video i have seen on youtube. Very motivational and full of great, important information. Thank you for making this.

  • Marcel Rodriguez

    I got through high school and college without knowing how to divide or multiply by hand… math is just jot my thing.

  • Luke Zondagh

    Kris I’ve watched nearly all of your videos and you have really inspired me so i want to thank you and congratulate you on your success and i want to be exactly like you after I’m finished school

  • Cooper Duke

    I was watching this video today and I realized how much of your story matched up with mine. I originally started college pursuing an Engineering degree and then I soon came to realize that I would not enjoy doing that the rest of my life. I literally met with our Universities career counselor yesterday, and I had the pit in my stomach you were talking about. You are literally speaking the truth about college in this video as well. Only a stepping stone in the education for a career path. Thank you for the motivation, I hope I get to work with you and your team to help give me the tools to make the life I want for my future.

  • FEARZSNIPE

    I just wanna say that little bit where your wife’s checking book had bounced and she had cried knowing that exact moment you guys had hit rock bottom together, really touched me and I wanna say how motivating it is to see you invest your whole embodiment to make a great living. It’s really inspirational, and I’m doing the same. Informational didn’t really learn awfully too much but it was a really touchy story. I’m glad you made it!

  • levi shoemaker

    Hey Kris,
    I'm 17 years old with pretty much the same exact story. I'm really exited that I stumbled upon your channel. I clicked the link to go to your website but it says it no longer exists, so I'm wondering what's up with that and if the problem is on my end or if the Website really isn't there anymore. It would be cool to talk with you.

  • Elizabeth Otis

    The link on this video for mentoring doesnt work. I clicked on both a couple times and they read page error! I would love to have you and your team as my mentor kris!

  • Amar Ramlall

    I think you do too much motivation talking then actually giving us more valuable info everything your saying is repetitive in every video

  • Chaston Matta

    Even though it wasn't much about the beginnings of real estate, your story was powerful enough for me to see that real estate is my next step. Thanks!

  • John Moore

    I am reading some of the comments and he did tell us how he got started.
    1. He figured out his path
    2. He educated himself on his path
    3. He found mentors. There is no clear cut path to finding mentors. Sometimes they just show up and other times you have to find them on your own.
    4. The unsaid truth is once he figured out what works he replicated it over and over.
    5. Know that whatever you choose to do be it real estate, restaurants, or whatever, there will be bumps along the way and that's ok. Learn from them.
    6. Pay your knowledge forward and motivate those who do not know how to be motivated.

  • PugRusse

    I’m only 14 but I want to know how you started your buying and the terms and the best way to buy a house and how you make profit

  • Julissa Torres

    Hello kris, I’m julissa and I’m trying to understand the real estate field but i feel like i need more information to know the depth of this field. I want to know the in and outs, EVERYTHING. I’m only 21 years old but i want to figure out my life now rather than later. Can you help me out?

  • V12 Bat

    I'd say the number one rule in real estate investing is outsourcing your tasks to others, be it property managers, contractors, etc. In fact in any business you shouldn't try to do everything.

  • K C clips

    Kris, im 26, only earn like 22k a year in california. but im inspire by ur videos. imma save up till im 30 for downpayment. and by age 30 imma get a hold of a house. I'll let u know of my progress

  • Dewayne Florian

    Thanks Kris! I really felt that! Your life kind of parallels my sons. He is tapped into a system and much older Mentor and now in his early 30s has over 20 properties. He is crushing it!! My wife and I currently have some passive income properties and we are currently setting ourselves up for much much more.
    Thanks again Kris for the heartfelt message.

  • NShapeWith8 Gaming

    I’m at the point now where I’m ready to make a jump on a new path in life thanks for inspiration to try and make a turn

  • c v

    I love this video!!!! I love it!!! We are kindred spirits…I want so desperately to help my family. My parents…I'm just now finishing up a real estate course to get my license and I am full of fire and ambition! Thank you so much for telling your story. Maybe one day we will meet and I will shake you hand in gratitude.

  • Riaz Ali

    once you get into real estate its easy… having the deposit or equity and the funds to actually do the renovation is the hard part.

  • Pablo Bonilla Jr

    Hey, Kris i have a problem, if i buy another house how can i pay the mortgage? if i rent it out still not enough to pay by itself

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