Why Real Estate?
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- Опубликовано: 26 мар 2024
- There are a ton of ways to get rich but why Real Estate? I'll show you how I made millions in single family homes and why it's your best option for success.
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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. 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.
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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
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Хобби
watching from KENYA but i am a Uni student and I will be a Real Estate Mogul like you😎💯
Awesome video Chris! Just one point I feel like I should add... a 1031 exchange is great if you have a property in mind that you want to move the money into, however you do not have very long to find a property. Another way to defer your taxes is with "The Golden Hamster Wheel" or "Lazy 1031". A very easy example to understand is, if you sell a property for 200k that you paid 100k for you would have 100k in capital gains to pay on. You would then find a property that cost 200k and then through bonus depreciation and cost segregation get 50% in depreciation. This will offset your 100k gain. This would all have to be done in the same year, and there would likely be some depreciation to recapture as well, but this example makes it simple to understand!
I have been watching your channel, and its a milestone in my life. I've been learning too much.
Looking forward to meet you in person one day, Kris.
Hi crish you motivate me to buy my second home in EM ut.. and l am getting my heloc out my first home to buy 2 or 3 more., l am glad l find you on RUclips..
Great, watching you from Mozambique.
How did you buy 25 houses in 5 years? Where did you get the money?
Great sir ❤
I'm 16 from NZ and I can't wait
Watching you from Philippines
Great Krish moris
This is all good in theory but in reality finding a property that will CF with 7% mortgage rates and only 20% down is challenging though probably not impossible. Also the depreciation tax write off has to be recaptured when you go to sell the home. This was disappointing to find out. Maybe the 1031 exchange is the way out there but you have to keep buying RE
Hi Kris, i ordered both books and the 10 x system and i have only revived the second edition of the straight path. I called but the number is disconnected. And I've emailed but haven't gotten a response yet.
Wow
What if I’m in Europe?
You're screwed.
Fair enough
Didn't you say that you and your wife bought the first house, cash out refinanced soon after and bought the second house, while you had a tenant in the first one? Or did I mixed you up with a different influencer?
Nope but bitcoin lol
Both?
is bitcoin actually good rn?