00:00listen if you've been following me on
00:01social media for a while you know I talk
00:03a lot about real estate and that you can
00:04make millions of dollars with it and yet
00:07if you're still watching me and you
00:08haven't taken action it's probably
00:10because you don't know what your first
00:11real action steps are check it
00:15out well today I'm sharing with you the
00:18ultimate starter guide for crushing it
00:20in the game of Real Estate I'm going to
00:21lay it out for you step by step so that
00:24you can get started right now you know
00:25what my biggest fear was when I got
00:27started in real estate I was young and
00:29there were all of these new big words
00:31like mortgage and paying rent and on top
00:34of that real estate kind of looked like
00:36a rich man's game I'm like you probably
00:38have to have money to make money but
00:40fortunately the mentors that got me
00:42started in the game said that's actually
00:43an illusion it's not true Chris you can
00:46buy real estate with no money you can
00:47buy real estate with little money you
00:49don't have to do it the way other people
00:51do which means that anyone can get
00:53started in real estate whether you were
00:54young like me in my early 20s or whether
00:56you're in your 50s it's never too late
00:58to get in the game it's really about
01:00getting started and then learning just
01:02how rapidly you can build wealth Welcome
01:04to The Ultimate Guide to getting started
01:06in the game of Real Estate my name is
01:08Chris cron and if you are new to me I've
01:10transacted over $2 billion doll worth of
01:12real estate over 6,500 single family
01:15homes and I've created many many
01:16millionaires along the way now before I
01:18help you come up with your game plan on
01:20step by step of what you do to get
01:22started in real estate let's make sure
01:23that you start by understanding the five
01:26major reasons the benefits on why people
01:28want to own real estate in the first
01:29place when you buy a house it comes with
01:31a mortgage and that's an expense and
01:33basically you've got to pay money every
01:35month to the bank but if you rent out
01:37the house because you've bought the
01:38right house there's leftover money in
01:40other words the rent is greater than the
01:42expenses and if your house is producing
01:44an extra $4 $500 every single month
01:47that's now called a positive cash flow
01:49and the very first benefit of owning
01:51real estate is that it can produce a
01:53positive cash flow just imagine that you
01:55got a second really small part-time job
01:58paying you an extra $500 a month but it
02:00didn't require any of your time well
02:02that's what each house is to you when I
02:05was in college I bought my first 2500
02:07homes and I did it with less than $5,000
02:10each of those homes roughly paid me $500
02:12a month so by the time I graduated
02:14college $500 a month times 25 homes I
02:17was clearing over $122,000 a month the
02:20second reason for buying real estate is
02:22that it goes up in value and by a little
02:24or a lot well bu a ton in fact over the
02:27last 65 years they've tracked Nationwide
02:30that the average house goes up
02:324.65% every single year now 4.65% may
02:36not sound like a lot but when you
02:38understand the amount of Leverage that
02:40you get with a house it's a ton what do
02:42I mean by leverage people don't buy
02:44homes cash they go to Banks and the
02:46banks actually give them money to buy
02:48the house you have to come up with a
02:50small amount of money and then the bank
02:52comes up with a large amount of the
02:554.65% that you're making is mostly on
02:58the bank's money which actually if
03:00you're putting down a 20% down payment
03:03it's like five times the benefit that's
03:04like 25% of your on your money or if
03:07you're buying a house for you and you're
03:09putting a 3% down payment it's a really
03:11big number but Chris the market is so
03:13inflated homes have gone up so much I
03:16mean they can't keep going up can they
03:18did you know when 1963 the median home
03:21$177,000 and now today it's over
03:25$417,000 where do you think it's going
03:27to be in 5 years it's not coming down
03:29the third reason why to invest in real
03:31estate is leverage control Banks stand
03:34ready to give you anywhere from 80 to
03:3697% of the money and even in some rare
03:39programs 100% of the money to buy the
03:42house now the reason why that's
03:43important is that if you had $50,000
03:45that you put in the stock market you
03:47could only buy $50,000 of stocks but if
03:50you have $50,000 in real estate you can
03:53$250,000 worth of real estate or a whole
03:55lot more the fourth benefit of owning
03:57real estate is what's called principal
03:59reduction you see every month when you
04:01make your mortgage payment some of that
04:03goes to interest and some of that goes
04:04to the principal meaning that over time
04:07the banks going to earn a lot of money
04:08and interest in fact on a 30-year
04:10mortgage the house is actually going to
04:11get paid for almost three times but
04:14along the way the house also gets paid
04:16off do you know who's going to pay it
04:17off your renters you're literally saying
04:20I want you to live in this place and I
04:21want you to pay off my house over time
04:23and the fifth major benefit is what's
04:25called depreciation not appreciation
04:28depreciation is where the the government
04:30allows you to take the entire value of
04:32your house and write it off over 27 1/2
04:35years so for example on a $300,000 house
04:38that's a little over $10,000 you get to
04:40write off every year if you rent it out
04:42and you're making $5,000 a your positive
04:44cash flow you actually don't have to pay
04:46taxes on any of that why because there's
04:48$10,000 of depreciation against the
04:50$5,000 of positive income which means
04:53you don't only pay taxes on that but you
04:55have an additional $5,000 of that
04:57depreciation carrying over in your other
05:00income sources which basically means the
05:02more real estate you buy the less taxes
05:04you pay moving on there are four
05:06different types of real estate
05:08residential real estate commercial real
05:09estate industrial real estate and raw
05:12land now technically you can make money
05:14with all of these but because I'm your
05:16Mentor today I'm going to share with you
05:17that there's one that I'm the most
05:19interested in and that's residential
05:21real estate residential real estate is
05:23exactly what you're thinking this is a
05:24home for a family and that's it but if
05:27you move up to Commercial Real Estate
05:29you then get into multif family real
05:31estate and also business real estate
05:33you've got industrial real estate where
05:34you've got warehouses and steel
05:36manufacturing plants and then you have
05:38raw land I bought a track of land I
05:39waited 20 years and then guess what it
05:41went up in value and I sold it and I
05:43made millions of dollars but of all four
05:45of these residential real estate makes
05:47me more money than any of the other
05:48categories now there are 30 major
05:51different ways to invest in real estate
05:53but today I'm going to share with you
05:54the top three the three that I have
05:56found to be the most profitable so take
05:58notes the first first one is called a
06:00rental the second one is called a lease
06:02option and the third one is called
06:04wholesaling now a rental is what you
06:05would imagine I bought a house I rent it
06:07out and the people that live there they
06:09pay me rent now is that a smart thing to
06:12do all the time well it depends if it's
06:14the right house in the right market and
06:16you bought it at the right price if you
06:18did one two or three of those wrong
06:20you'd then be stuck with a house and a
06:21negative cash flow because the rent that
06:23they pay is not enough to cover all of
06:25the expenses rentals done correctly are
06:28good I own thousands of them and I
06:30absolutely recommend it the second
06:31strategy is called a lease option or
06:34sometimes called rent to own this is
06:36where an investor has bought a home but
06:37instead of just renting it out they want
06:39to rent it to a family that has an
06:41intention of buying the home now lease
06:43options are awesome because the family
06:45moving into the house wants to make it
06:47their own they'll pay a premium on rent
06:49they'll usually give you a
06:50non-refundable down payment of $3,000 to
06:52$10,000 and the bottom line is you make
06:54a lot of money and they do all of the
06:56management so that's also a very smart
06:58strategy in fact the first 25 homes that
07:00I bought were all lease options the
07:03third strategy is called wholesaling and
07:05this is where you're going to identify a
07:07house at a really deep discount and then
07:10instead of buying it you're going to
07:12just flip the contract the deal to an
07:14investor and say I want you to cough up
07:16$20,000 or $50,000 for basically taking
07:19on this really good deal that I found
07:21for you wholesaling is really smart
07:23because it doesn't require any money it
07:25doesn't require any credit and if you
07:27have the right system you can make
07:28hundreds of thousands of dollars or even
07:30millions of dollars doing this now as
07:32your Mentor I do need to give you a huge
07:34warning that when you wholesale or flip
07:36properties you can make a ton of cash
07:39but 10 years can go by you've made a ton
07:41of money and you don't own any real
07:43estate so when we talk about rentals or
07:45lease options that's a Buy and Hold
07:47strategy wholesaling and flipping that
07:50is real estate as a business where you
07:52don't actually hold on to the properties
07:54but you make a bunch of money and if you
07:56do both that's real smart next I need to
07:58teach you the a sweet spot for your buy
08:01and holds because when you build a
08:03portfolio of homes that means I am
08:05buying homes to collect them and either
08:06rent them out or do lease options
08:08because the more homes I have the more
08:10passive income that I have plus all the
08:12other benefits that Chris cron you as my
08:14mentor just told me about and here's
08:16that sweet spot when you buy these homes
08:18underneath the median by about 30% what
08:21you do is you create a strong margin of
08:23safety for example when I buy real
08:26estate my average purchase price these
08:32$430,000 so I'm about 30% below it and
08:35what that means is that if the market
08:37comes down for a few years and a million
08:39doll homes becomes a half a million
08:41dollars that person takes a half a
08:42million dollar bath if a $300,000 home
08:45becomes a $250,000 home you're much more
08:48insulated you can keep renting the
08:49property and you're going to keep making
08:51money in other words when the market
08:53comes down expensive homes have big
08:55expenses and big problems but homes
08:57below the median they create your
08:59greatest security okay Chris you buy it
09:01below the median but what about condos
09:03and town homes well I don't touch those
09:05either I want single family homes that
09:07are at least three bedrooms and
09:08preferably two bathrooms on up to that
09:11price 30% below the median anything in
09:14between that is going to give you your
09:16strongest cash flow and your best
09:17appreciation and your greatest safety
09:19next for your ultimate guide we have to
09:21talk about the four major profit centers
09:23of buying and holding real estate
09:25because ultimately these are designed to
09:27create what's called an ROI ROI stand
09:29for return on investment and it's how
09:31you know how well your money is
09:32performing let's say I bought this
09:34property and it had a $300 month
09:36positive cash flow and based on my
09:38investment that was producing a 5% Roi
09:41but let's add on top of that that I
09:43bought it in a market where at the rate
09:44the house is going up based on what I
09:46put down I'm also clearing 20% every
09:49year on my appreciation well now I'm
09:51earning 5% on my cash on cash I'm
09:54earning 20% on appreciation I'm already
09:56at a 25% Roi which by the way is my
09:59minimum but we're not done yet the third
10:01profit Center is what's called principal
10:03reduction we talked about this earlier I
10:05have a tenant living there and every
10:07month that I make the mortgage payment
10:09based on the rent that they gave me the
10:11principal or what I owe on the house is
10:13going down and for the first five years
10:15on average it's around $250 and that
10:17pencils out to about a 4% annual Roi
10:21just on them getting your house paid off
10:23well if I was 5% on my cash flow 20% on
10:25my appreciation and 4% on principal
10:27reduction now I'm sitting at a 20 9% Roi
10:30the fourth major profit Center is
10:32depreciating the property like we also
10:34talked about before let's assume that my
10:36depreciation on this property equates to
10:38an additional 3% of Roi and I add that
10:42on top of my 29% and now I'm sitting at
10:44an aggregated 32% annual Roi and
10:48according to the rule of 72 my money is
10:50now doubling nearly every other year
10:53that means that you're actually earning
10:55close to a 50% Roi I want you to imagine
10:58with my money doubling every year
11:00compare that to your bank account when
11:01you put money in your bank or a 401k or
11:04an IRA does it actually double every
11:06other year fat chance but real estate
11:08that becomes possible when you take
11:10these four profit centers and add them
11:12all up another juicy reason why you want
11:14to own real estate now we're ready to
11:16talk about how you actually get started
11:18and there are four steps and I want you
11:20to write them down with me step one
11:21you've got to educate yourself now of
11:23course you can do that here on YouTube
11:25you can also do that by reading some of
11:26my books or other people's books and you
11:28can also come to my Live Events where
11:30we're actually transacting real estate
11:32during the event so we're not just
11:34educating on it you're literally
11:35watching it happen a mentor that can do
11:38that for you is invaluable because now
11:40you have someone you can text or call or
11:42get help from and at the end of this
11:44video I'm going to show you how you can
11:45get my cell phone so that I can actually
11:47help you build your real estate
11:48portfolio it's found in the link below
11:51Step One is educating yourself step two
11:53is setting your financial goals when my
11:55wife and I bought our first house and
11:56saw that it made us $500 a month we DEC
11:59decided that if we could buy 20 homes
12:01and have 20 rentals that each paid $500
12:03a month that would equate to $10,000
12:06every single month of passive income
12:09that meant that we didn't have to work
12:10but the $10,000 was going to come in we
12:13set that Financial goal and because I
12:15knew what my goal was I started buying
12:17homes I used mostly other people's money
12:20and four and a half years later I didn't
12:21have 20 homes I had 25 homes and they
12:24were now making me $112,500 a month and
12:27because I hit my goal guess what I did I
12:29just graduated college so I quit my job
12:31and I was free I didn't need to work
12:34because I hit my goal the third step
12:36that made that goal possible was finding
12:38a mentor you need someone in your back
12:40pocket do not stop at watching videos
12:42and reading books you need to find a way
12:44to get a mentor under contract you need
12:47to get them obligated to you to take
12:49your phone calls to line things up to
12:50help you find good deals to walk you
12:52through it step by step if you have a
12:54mentor it's a Sure Shot 100% you're
12:56going to win and the fourth step is to
12:58take action you see if you've been
13:00educating yourself if you've been
13:01setting your financial goals and you
13:03have a mentor giving you advice the next
13:05most important thing is to listen to
13:06that advice my mentor got with me and
13:08said Chris State your job a little
13:10longer save up a little bit of money do
13:12these steps with your credit and boom
13:14you can buy your first house and you
13:15know what a short time later I did those
13:18things I found my first house and I
13:20bought that house $40,000 under Market
13:22it also had a basement apartment so that
13:24when my wife and I moved in with a 3%
13:26down payment the basement actually
13:28covered the entire mortgage that first
13:31house was the Catalyst to then using the
13:33equity in that house to buy the second
13:35house according to my mentor's advice
13:37that fourth step of taking action is
13:39everything I will tell you when I bought
13:40my first house I was scared spitless but
13:43because I had my mentor at my side it
13:45made all the difference I moved forward
13:47with his confidence and because of that
13:49I am where I am today my friend that is
13:51The Ultimate Guide to getting started in
13:53real estate and if you're ready for your
13:54Mentor what I want you to do is click
13:56the link below I want you to submit your
13:58name your phone number basically say
14:00let's get in touch with each other and
14:01figure out step by step what my specific
14:04game plan is now I'm not going to charge
14:05you for this this is 100% free what I
14:08want to do is give you the gift of my
14:10perspective of if I was you with good
14:13credit or bad credit a lot of money or
14:14no money assets no assets doesn't matter
14:17to me I don't care if you're 14 years
14:19old and I don't care if you're 64 years
14:20old I'm going to step into your shoes
14:22and show you step- byep what I would do
14:25to become a multi-millionaire in real
14:27estate as fast as possible click link
14:29below get that game plan let's get this
14:31ultimate guide on fire and start making
14:33money in real estate and my friend
14:35that's how I got started and that's what
14:36I do but if I had all of my wealth
14:39Stripped Away and I had to start over
14:41all over again would I do it the same
14:43way would I do it different well based
14:45on everything I've learned this is what
14:47I would do getting started in real
14:48estate today click right here let me
