How To Buy Multiple Investment Properties


Kris Krohn here on Limitless TV. And
today, I’m going to talk about the secret for buying multiple investment
properties. A lot of people want to know, people are always asking, Kris how you
go from one or three homes to a hundred homes? And I’m going to share that with
you today. One of you Limitless TV fans requested
that we do a new video on how to qualify for multiple mortgages. And you know? it’s
music to my ears. I couldn’t think of something more that I’d rather talk to
you about than how to do this because I’m going to tell you right now this is
one of the most difficult things to do in real estate. And for me? it’s a piece
of cake. Like, I don’t even know why more people aren’t doing it and I hope that
the next few minutes will help you understand exactly why that is and
exactly what you can do. I want to tell you a short story here. When I bought my
very first house, the most important mentoring that I received have been 14
months earlier and it’s very likely that what I’m about to share is going to
impact one of you watching this video. So my very first mentor said, okay Kris you
want to get into a home? you want to buy an investment property and build a
portfolio of many homes? He said, I want you to pay the price to use your own
credit and own money to buy a house. And I want you to get ready to buy a primary
residence. ow whether you’re in a home or not, you can do this strategy. If you
will save enough money for a 3% down payment, which in most of the places
around the country we’re talking about four, five, six, seven, thousand dollars. Put
the money aside, develop your credit, and have a two-year job history. I did those
three things and 14 months later I had $5,000 in the bank, I went from having a
couple of credit cards that I wasn’t using to using them regularly and
keeping them paid off so my credit was at a bare minimum where it needed to be.
And I intentionally kept the job that I probably wouldn’t have had I not gotten
that advice. So 14 months passes it comes time and I buy my very first house. Now
pause. This is so important. When you buy your first house, you can buy a house for
you that is a home or you can buy an investment property. I bought both. A home
that I could live in and an investment property.
What’s the difference? one, was a home that I liked. Two, it was an investment
property that I was planning on leasing out, renting out, and selling for profit.
Here’s what it meant, meant that I bought my first home with $40,000 of yummy
juicy equity. That $40,000 was almost more than twice I made an entire year so
when I bought this home it had a basement apartment that I rented out,
covered my mortgage and I have $40,000 of equity. Now my wife and I lived
this home for two years because currently United States there is a tax
credit that says, if you live in a home for two of five years then you don’t
have to pay any capital gains when you sell it. That’s awesome. So I lived in
this home for two years and then twelve months later after moving into it
something happened. I was able to acquire my second investment property. Do you
know how I did it? I went to the bank I said I got $40,000 of juicy yummy equity.
And they said, let’s give you a home equity line of credit. The bank basically
gave me checkbook control over eighteen thousand dollars of that forty thousand
dollars of equity. And you know what I did with that money?
That became the downpayment for my second home. Now, the second home was
nicer than my first home but I didn’t move into it. I didn’t live in it. Do you
know why? Because it was an investment. This wasn’t time to gratify my needs. I
could have bought a nice car, I could have bought a big-screen TV, I could have
taken a trip, I did none of those things. And I’m going to tell you that four and
a half years later, that’s worth one point six million dollars and retired. So
giving up some of the things you want today, young couples everywhere, older
couples when they buy a house, they want something that meets all their needs.
Well, make sure one of your needs is an investment property. The equity in
that second home bought my third project. So all of a sudden, $5,000 got me into my
first three properties. And you might be asking, Kris how did you qualify for a
second and a third if you had low income? Well it’s very simple.
Banks will take 70 to 80 percent of the income that you get off of renting a
home and they’ll apply it to your credit. So on my very first home it showed that
I had a, it showed that I had a five hundred and thirty dollar payment every
month. But after I moved out and it was renting in a thousand dollars a month,
the bank took the thousand. They counted seventy percent of it and said I had
seven hundred more dollars of income and that seven hundred dollars canceled out
by five hundred and thirty dollar payment on the house. Of course the bank
was willing to give me a second one and a third one. But only to an extent. This is
the real secret I’m going to share with you the number one secret where I went
after three homes that made all the difference in the world
between going from three homes to 300 homes without another penny out of my
pocket. So the number one secret to multiple homes on your credit is not to
have them on your credit at all, it’s to have them sitting on a partner’s credit.
After I bought that third house, my father-in-law came along and it was his
suggestion once he looked at my profits on the first three homes to suggest that
we go in together on that fourth home that became a tenth home that became a
fiftieth home. Partners make the difference of getting where you want to
go. So this is what’s really crucial. The first one or two or three homes that you
buy do you know what it’s all about? It’s about track records. I don’t care
whether you make a hundred thousand or two hundred thousand on those homes. I
want you to have experience, I want you to get your feet wet, I want you to have
an experience with real estate so that when you go and approach a potential
partner, guess what ends up happening? You can speak to your previous
investments. When people join my particular real estate club, I call it my
limitless real estate community. The number one thing I teach them I,s how to
acquire multiple properties with no money and with no credit. I show them how
to go online and leverage facebook to build a friendship base of people that
have money socked away in the 401ks and IRAs and for retirement that’s not
giving them what they really want. And then I give them access to all of these
incredible nationwide deals and guess what?
Voila! I make magic happen. I put it together. I even have my coaches sitting
in selling your people on why they should partner with you. Partnering hands
down, I’m buying 100 homes this year and partnering hands down is one of the most
amazing ways of acquiring multiple properties because your credit will
eventually tap out. Your debt to income ratios will tap out, your income will tap
out, something’s going to tap. And then that’s when most people stop. I’m sharing
with you the number one way that you never have to stop. And ultimately, if I
had to condense it, you’re the deal maker. The deals, someone with the money, and
you’re the one that puts it all together and gets paid to manage it in my
partnerships it’s a 50/50 relationship because there’s a lot of people who
would rather work with my level of experience. Just like my father-in-law. I
don’t need them three homes but he had never done any investment properties but
working as a team, it was beautiful. Today when
some of partners with me they’re partnering on almost a billion dollars
for the real estate experience. That’s a no-brainer. People want that experience
of my good bad and ugly experiences. Mostly good experiences and they want to
leverage me at my background and my knowledge base and that’s what I want to
show you how to do. And you do that through partnering. So here are the basic
steps to partnering that I want to share with you today. Make a list of people in
your life that have some assets or you would guess that they have assets. 401ks,
IRAs, and things like that. Number two, I want you to then find a property, a
really great deal, and I want you to tell them about it. And let them know that
you’re open to partnering on it and what’s happening now is you’re bringing
people to the table and you started the process of match making. Friends, if you
do this, if you can do just one partnering deal, then you can do a
thousand and it will financially secure you for lifetimes. Leave a legacy, do
incredible great work. This is something you can learn how to do. Now if you do
want some help on your first steps in the link below, you have an opportunity
to message me and let me know, hey I want some help with that help me put some
partnering together my staff and team will reach out and share with you what
that would look like and see if maybe I can help you bring deals to your table
for your people help bring people with money to your table and then show you
how to package it all together because partnering is how you do as many
multiple deals as possible. Thank you for watching today’s video. I really hope
you’ve enjoyed it. I want you to subscribe so I can tell you about
tomorrow’s video the moment it comes out on how to handle criticism. Because
whether we’re in the real estate investing world or whether we’re just
dealing with people in general, criticism is a part of life and some people do not
manage it very well. I want to share with you how to take criticism and turn it
into your greatest growth feedback.

100 comments on “How To Buy Multiple Investment Properties”

  1. Chillfalife says:

    This is the video that started it all for me. Thank you so much!!

  2. Drew Angelo says:

    where did you find your mentor ??

  3. Harshit Jadav says:

    Hi I'm 18 and I'm from India
    You motivate me to start and get into real estate. But the problem is in only 18 and have no investment to start .Can yo please help me out in any way ?
    Thank you
    Harshith

  4. Abitamim Bharmal says:

    so you have the same amount of deals as grant cardone? are you going to start funds like him?

  5. Ajzzz says:

    Does this method work in countries like Norway?

  6. Sandor Clegane says:

    Are investors like you willing to pay the down payment, for a percentage of the profit made by renting?

  7. vigi Diamond says:

    how do i buy a house from the bank

  8. Janet Vasquez says:

    I just hope this is true

  9. Wendell Marasigan says:

    I'm an investor also. Currently closing on my tenth property. Gonna have to figure other ways tho fund after this. I'm a fan and thank you for your videos.
    I know this video is old but did you change the battery on your smoke alarm? Lol

  10. Malcolm Fung says:

    When you buy a second property aka ur investment property, it requires 20% down payment. So your second home was roughly 90k? Also the bank wants to see 2 years worth of rental income on your tax return. How do u achieve that when u r living in ur first home the whole time?

  11. FREEDOM Fintech says:

    I need help advice, I’m trying to buy first home it’s 2 bed two bath $100,000 no one will lend me because my debt to income ratio but I already have renters that want to move in and pay mortgage how do I get lended the money I need

  12. RainBoKatchr says:

    Kris! For the love of chicken gravy, change the battery in your smoke detector BEFORE you do a video!!! I just spent 20 minutes looking around my own place for a peeping smoke detector!!!! GAAAAA!!!!!!

  13. Romel Reyes says:

    Hi chris ,up to how many helocs can i have in diferents rental properties ?

  14. Fajar Anuar says:

    When I see a housing ad that says Semi detached 4bedroom $99k, how do i know its the actual value or the purchase value?

  15. Godwin Nwugballa says:

    would like additional partnering information.

  16. ZAN004 says:

    Hey Chris! I have been watching your videos for 3 days straight. I am in my last year of my undergrad and looking forward to making some money next year. I have one question about owning multiple homes. So say I have 3 homes on my credit and I decide to not live in any of the homes. I decide to rent the homes or rent to own the property to earn more money. By me only being able to have 3 homes in my credit what and how would I purchase another home for me and family to live in while I collect from my first 3 properties?

  17. The building Investor says:

    You are great at making these videos! Keep it up! 😁

  18. Haley Isaiah Wood says:

    How do I get in contact with your team?

  19. Aryan Lakhina says:

    How can we join your community?

  20. Science says:

    The thing is at that time there was low interest and inexpensive house prices ( around 2008 2011 ? )

  21. Fudge Packer says:

    If I partner with someone on their credit. How do I secure the home with my LLC to protect my assets?

  22. Alex says:

    I am 20 yrs old and I have been told to put my money into a broker account, later into an IRA. I have 5k in there currently, but do you suggest that I keep putting my money into it or use the money I already have to make a down-payment on a home?

  23. asimo says:

    Thanks Kris. Following your foot steps, I am on route to purchase my second home. First property will be turned into rental. Although it's much harder to purchase up here in Canada, your channel keeps me motivated and inspired. Keep up the great work that you do! I look forward to watch more of your videos.

  24. Jaime Perez says:

    I would really like to get started on real state can you help me

  25. Lehaz abbasi says:

    I would like to get more information and mentored on yoir processes. Love your video's

  26. Stephanie Price says:

    Has anyone taking him up on his offers. Has his advice helped anyone?

  27. jt says:

    Does this work in India?. here if i buy a property of say 35 lakh (approx 50k $) i need to pay down payment of 3.5 lakkh atleast + 33k per month loan .. +some 20% tax…. now the same house may give me max 10k if i rent.. how to grow the tree from here..

  28. kjaxplicit24 says:

    Who managed your first properties? Who handled things that went wrong with the property?

  29. T S says:

    How do you handle property management?

  30. mohammed bokth says:

    Can it still be done the same way in the UK? because over here it can get expensive.

  31. Leane Garden says:

    Thanks for your video. Can you let us know, what real estate investment software you are using? In order to keep track of Mortgage and Property Payments + Rental Received? Thank you.

  32. UT says:

    Just a quick question please … How someone can be able to service few loans with no job or with a single job income … Huuumm . A bit strange …

  33. Justin F says:

    I have a quick question, how did the bank add the $700 extra a month, from the difference between the morgage and rent, if you were still living in the home? Or did you move out and then they added it?

  34. David Grant says:

    Awesome advice

  35. Michael Tolson says:

    Hey Kris my name is Michael Im 17. Ive been watching your videos for a while now and am dying to get into realistate but i dont know if i can at 17 and i dont have a credit card. Do you have any advise?

  36. Gaurav Wadekar says:

    Hi thanks for the knowledge you share with the world it's really priceless… Can you do a video on purchasing a bank sealed property as their equity value is very high… Your advice please

  37. Bruno Pontecorvo says:

    If a person have a bank mutual can buy another house (if working gain 1000Euros and the mutual is 650Euros per month for 12 years)?!?!?

  38. Shamara A. Smith says:

    You remind me of the wolf on wall street with the amount of passion and urgency in your voice

  39. Sovann T says:

    Well the average house is around 500k here where I live and the minimum deposit to get into them is 20%. That's 100k to save up.. if that's not hard enough then you will need a minimum deposit of 40% for investment properties.. so not easy now. Maybe 10 years ago when minimum deposits were like 5% and house prices were way cheaper.. definitely can't do that now

  40. Xavier Moss says:

    question on this home equity line of credit when u said u used that too buy your next investment property , how much did u exactly have to use ? all of it ?

  41. Alex says:

    how do you pay down your Helocs?

  42. Kee pee says:

    I want to buy a second property but the bank asked me for 25% down payment. No 30 years on investment property, only 15 years.

  43. Smit Ardeshna says:

    Would you be my first partner as your father-in-law? I will find the property n will both make profit…….

  44. Money Books says:

    I WANNA HELP WITH. THAT PLEASE CONTACT ME

  45. Paul Dubon says:

    CRACK!

  46. Kevin Butcher Landes says:

    Fire alarm battery needs to be replaced

  47. Andrew007 Soccer says:

    Kris I’m trying to buy a new home my first one love your videos but .. my realtor told me I’ll need like about 25,000 dollars of down payment because I need to pay all the paperwork and some other stuff. I have 30,000 thousand but by watching your videos you say less than that should I change realtor

  48. Jonathan Baran says:

    Can you give an example of your typical profit distribution between your investors?

  49. That one guy says:

    yummmmmy juiccccy equity hahah

  50. John carlo Penales says:

    Your awsome brother keepup

  51. Carlos Ladrón de Guevara says:

    Perfect video, but what I would like to know is, if you pay 40k for mortgage and the home stays for the same value, there is no other equity that you can use.

  52. dagoelius says:

    wow only $7000 down payment!? America really is the lucky country.

  53. Aleksa Biljetina says:

    I got one question that's been bothering me for quite a long time. So, here it is: Are all those things and principles about real estate investing that you talk about, are they the same for every country? I'm asking because I am from Serbia and the standards aren't the same here. I'm sixteen years old and really looking forward jumping into real estate. Salaries are much more lower than in other countries, so I want to ask you is it even worth to do real estate somewhere where the average monthly salary is around 400$, or I just have to go abroad if I want to do real estate? Thanks in advance!

  54. Amar HBMH says:

    Are you Connor McGregor's siblings?

  55. TheEvilMuffins says:

    I want to start investing in real estate, based on your blueprints that I’ve stumbled across at 24 I’m already more than half way there to purchase my first home! I do have one question. If I were to later down the line acquire partners, would their investments go under their bank accounts or mine?

  56. camarojoe1997 says:

    Hold up. Do lease options still have the same tax benefits as regular rental property?

  57. Bedolla Pablo says:

    Hi , Kris im currently 15 and i’ve been deeply learning and studying Real Estate and Investing for about a year and a half now. What would be the best way to begin in Real Estate? Or is there a significant age to start in Real Estate?

  58. cristian campechano says:

    So i wouldnt need a highschool diploma to do this right

  59. Harvey Taylor says:

    Mr. Krohn can I e-mail you with a question it's not to difficult but it may poise some light difficulty on my end, I just purchased my first  multi-family property in American, I'm in the Navy, and I just have a few questions I'd hope you could answer for me, I'd really appreciate it I understand if you are busy however, thanks for your time in reading/responding either way.

  60. Naya Naya says:

    I want to buy a property and then use the equity to buy another one, or how can I do it? I want to buy an investment property

  61. Naya Naya says:

    Do I have to wait 2 years to get equity?

  62. OM says:

    Hey krish you are great !! Whats your insta username???

  63. Ryan Spencer says:

    Im 13 and you have got me into dreaming of being as successful of a real-estate investor such as your self. I have literally written down pages of steps and notes that you have given. Thanks you

  64. Jovanni says:

    What kinds of places should I invest in? Low cost of living areas? Where I live rent can be expected at 1300 and that’s just to get the owner to break even. And is it smart to invest in places that are far from where your primary residence is?

  65. William V. says:

    Say the bank is asking for 5k but you have no credit can’t you give the bank like $10k than they’ll let it slide?

  66. Marko Markovic says:

    I gave you a chance…nothing.. I gave you 2nd chance, nothing…I gave 3rd chance to your videos and from this moment you have my trust until i literally die man, you content is AWESOME, HONEST and very useful. Wish you to get 3000 apartments just like Grand Cardone 😀😀😀😍

  67. James Blanton says:

    This not happen captin . At least with my bank.. only make 3500 month.. they will only loan my 42 % of income towards a house.. EVEN THOUGH THE HOUSE IM TRYN TO BUY HAD RENTER IN IT ALREADY PAYN FOR LAST 5 YEARS..and have 150k in equity.. they dont care. Partner is the only way.

  68. The Hypes says:

    Hi Kris
    Hos so i contact you??

  69. Will Davis says:

    Here in LA a 3% down payment is $13,500 average

  70. LeBaron Co. says:

    How do you set up a partnership? How do you structure the payout?

  71. DEMZRAW says:

    So i don't understand every video i watch on real estate seems to neglect or leave out the mortgage part. Yes you now have purchased 3 homes and ur making cashflow through renting them but u also paying 3 mortgages . And the more houses u get the more loans u get and have to pay back. Plus repairs when something breaks and ur tenants call u to fix it. So how do you pay off the loans and get outa debt? 3 houses bringing in $ 800 each will take 4 years just to pay off 1 house that cost 100,000 total of 12 years to pay of 3 houses at the same cost assuming no repairs are done and properties were never vacant. And no taxes. Am i missing something here or do i just not understand at all whats happening? Can someone help im a mess.

  72. LifeofLeo says:

    Can you get into real estate when your 15

  73. Largest Classifieds says:

    The way u say it … "a piece of cake", wow, that's cool.

  74. MbeastielGaming says:

    I dont understand when you say you bought it with equity. Do you mean you just bought it for less than what its worth?

  75. Alekk says:

    BS. you're not really getting into the details of how this works.

  76. Jasmin Best says:

    What is this bank that he speak of? Bank of America? National Bank? Just whichever bank we bank with? I’m ready to start NOW!

  77. Sio Mateofua says:

    How can I connect with you I live in utah

  78. Ruben Walters says:

    2:19 no problem

  79. One Rental at a Time says:

    Any interest in being interviewed on my YouTube channel called One Rental at a Time? We could talk but and hold, etc

  80. irainkoolaid2 says:

    you have def said you took that 18k and bought a car with it to flip originally….

  81. Final_Counter says:

    Is any of the people watching even done real estate ? .. just a question wonder how many will actually do it in the end

  82. andeal keyriver says:

    My 17 year old son showed me this channel. Thanks Kris for the content

  83. Sevan Kay says:

    You are awesome
    Thanks for sharing

  84. Sevan Kay says:

    Man!
    I am doing EXACTLY what you are talking about!
    The Partnering has SOLVED the last part.
    THANK YOU!
    THANK YOU!

  85. joshmnky says:

    Can you still use a HELOC for the down payment?
    Articles I've read seem to suggest banks don't like the use of debt as a down payment anymore.

  86. Marcel Rodriguez says:

    Ok but can i buy a house making 24k a year? Kinda impossible here in nyc.

  87. Vick Shahi says:

    i have question reagarding Heloc from the investment property.i just purchase the duplex with 25% down on april 11 2019. can i apply for Heloc form this property and invest to buy new house. Do i have to wait 6 months to get heloc? and last one,is it hard to get heloc from the investment property

  88. brian simas says:

    kris how did pay the mortgages every month? for 2 houses

  89. Kailin Wilson says:

    I’m currently saving $5,000 to put towards my first house. Say two years go by, do I just go to the bank and say I have some equity? And is there any paperwork to fill out to let someone rent my first place while I buy my second place?

  90. NAH KNOW says:

    SO, You share the mortgage Instead of offering partners Intrest only?…How does that work, when ALL these houses are not Totally yours?…Thank You for Sharing!

  91. Simon Glenn says:

    What's next after you've acquired so many houses?..hotels?

  92. aslam shaik says:

    "valla"

  93. Jyoti Shirke says:

    Thanks great 👍

  94. gemixnew gmail com says:

    The first million I made was from trading stock , though I couldn't do it my self Nina Jeanne Rose a popular smart trader in U.S assisted me after I meet her in a trade conference in Texas, with the help of this woman I'm counting my 3rd million this year

  95. Justin Pesce says:

    I really want to invest I'm so discouraged..

  96. Bryan Mendoza C. says:

    I told my father that I wanted to start investing in real state and how i wanted to start building my credit and contrary to what I expected he told me that he has been thinking about doing it too, and partnering with him would be a great opportunity that not everyone has, he has worked really hard his whole life and now he's in a point where he has his own business, but he's self employed and wants to retire. This chanel is giving us the opportunity to learn about this world of opportunities that he never knew about, and I'm barely learning of. I can only say "thank you"

  97. Scrappy ChildHood says:

    My mother owns 3 homes begging her not to sell and take Equity loan turn them into renting homes.

  98. 2uze says:

    The rent of a studio in Dubai is more than the buying price of a 4 bedroom house in US like woah wowowoowoww

  99. rey alvarenga says:

    To much bs

  100. Juan Pablo Santacruz says:

    Make a video of how did u get the loan from the bank with a bit of work.history

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