Now, I'm in my late 30's and I'm able to afford all sorts of wonderful
opportunities. Travel all over the world and just moved into this beautiful
mountain house. So, my wife and I have been kind of debating where do we really
want to live? Where do we want to grow up? What do we want for our kids? And where
we live in Utah is relatively dry, right? I mean, it's hot, it's dry, it's got a lot
of snow in the winter. And really, we felt the mountains we're
calling to us. Especially because I'm from Seattle Washington.
And so, we said instead let's find a house that can give our children a great
schooling experience, be able to provide all that but also give us the
opportunity to travel around the world and live in the mountains. This is my
incredible wife, Kalenn. And look, you got a whole pile of... We just moved in a couple
of weeks ago. So, I think our driveway, our our porch looks like this all the time
anyway. But you know, what we immediately fell in love with this
house was this view all right out here. Now, they got us a fire
that's brewing over the mountains and so it's kind of clouded up but I'm telling
you, at night, it lights up. It's green all year round and and we just love it. It's
like the perfect home for us. But none of this would have been possible without
real estate. I mean, you know, when I say I retired, it sounds weird to say that at
age 26. Because retiring was you know, all of that really meant was I had a $12,000
a month residual income, I didn't need a job. When I quit my job, my income tripled.
And I realized how valuable my time is as a real estate investor. I know how to
produce many more times than wealth through real estate than anything else.
In fact on most of my deals, I average between five and fifteen thousand
dollars an hour of earnings. So, I mean if you can imagine $10,000 an
hour, that's a profession you want to know
about. That's when you want to get good at. And that's why I like this house. So,
this is a beautiful multi-million dollar house. Here we've got the whole kitchen
area. Our last house that I custom-built 11 years ago, if you remember from all my videos,
had a really big countertop. But this is a beautiful gourmet kitchen. I love the
way that they did the fridge here. One, because you can't tell it to fridge. It's
even got drawers. And you got your state-of-the-art appliances here, your
Sub Zero. My last house, I was one of the last grandfathered in with a six-foot
wide commercial range. But they have beefed up these residential ranges. These
Wolf's are just... They're fun to cook on, they're beautiful. But for me, there's one
of my private guilty luxuries. I didn't know this house... I didn't know they had
things like this. This is my Apple beer drawer. This is where I keep my other
drinks. Ice maker. These are like now, like essentials in my life. So, I mean the
kitchen is great and everything but I work mostly from home, right? I mean, I
shoot my YouTube videos from home, you'll start seeing this home a lot more. And it
was this view that I just fell in love with. These windows right here, this is
$200,000 in custom windows. Just for this room and for
this area. And as you can see, this is a total different style from the house
I've been shooting my videos in. You know, my wife and I being European came from
that old-world, you know, European kind of feel. And after time, it
started feeling just kind of dungeon-ee and heavy. And you'll notice this house
is all about light. It's bright but more importantly, I feel inspired out here. I
feel inspired by the mountains. My office is not quite set up. But I don't know if
I ever really will because my real office... This is this outdoor living.
There's a heated deck. We're up in the mountain. So we're going to get to 3
feet of snow. But most of my business calls, I just do kind of sit in here, I'll
turn the fire on at night. And right over the edge. Because my master bedroom is
right here. I'll actually just step right down in here and enjoy this hot tub
which that's a really awesome way to spend every evening. And it's been
working for me. Now, it's a gated community. Which means we've got four
pools that are just about, you know, that are three Lots south of us.
We've got a, you know, clubhouse right now. Is a brand new community. They're
building a fitness Center. And so this house is all about
living life on my terms. In fact, my wife was asking "Kris, why are we moving? Why
do we want to move?" Before we found this house. And I just said, "What would inspire
us? What would what would take us to that next level?" You know, this year I'll
probably end up buying at least 200 homes with my partners. And buying 200
homes every year and it gets more every single year. Well, five years from
now that's maybe 1,500 or 2,000 homes. 1500, 2000 homes. That's making tens and
tens of millions of dollars in real estate investing. If you're making that
money and you knew how, where would you live and how would you want to live? I
mean, I maybe I retired at the age of 26. But what I love these days is really
teaching and educating people exactly how I do it. On my videos, I don't hold
anything back. If you're what, if this is your first video, you got to subscribe.
And I will break down all the finer points of how you build wealth. Because
being young... Dude, my mother in law, I mean bless her heart. She's super, super
wonderful woman. But you know, we've been to now nearly 40 different countries.
We're always traveling. She says, "When you're 65, what are you going to do?" And
frankly, I don't know because she's... You know, her comment is you'll have just
seen everything. You'll have travelled and seen the whole world. And you know, I
don't know how long I'm going to live, I don't know how long I'm going to be alive.
But you know what? I can tell you that I want it all. I feel like you and I we
have the potential for that. And real estate is just the fastest path of
creating that. This is my side of the bed. So, right there, that's the view that I
get to watch the sunset and rise on. I get to watch the lights come out at
night. And it's awesome. Now, my wife just convinced me that I need to have my own
robe. So, I've never been a robe kind of guy. I'm six foot four. You don't know it
from this small little video. but I'm actually a really tall dude. You come out
to one of my live events. Everyone's like, "Whoa you're so much bigger in real life."
Well, we had to find an oversized robe that would work
for me. But dude, it's all this beautiful state of the art. I love the cleanliness
of this kind of feel. Hey Klenn, come here. What do you, what do you like the most
about the real estate that has enabled us to have this home? -Um, I love the peace... Just
the piece of security and making and just knowing that we've got all the
basics just totally taken care of for our family. And you know, extra for travel
and projects and humanitarian aid and so many fun things. -Yeah, you're doing some
humanitarian this work that worked this morning.
Let me ask you. For the young people and even the older people are watching this,
you know, it's like "Well shoot. You know, Maybe Kris was that guy that went out
there and maybe he was just something really unique and special." I know you
think I'm special but you know, you've been able to watch the thousands of
people leverage our real estate strategy to buy homes and to build wealth. You
know, when you're talking to a young person, is it worthwhile for them to
learn how to do this real estate investment? -Of course, absolutely. We started when I
was 21 and totally scared to buy my first house. But we did. And here we are
how many years later. -Did you ever feel like not supporting me during that? Like, was
that ever like just too nerve wracking? -It was scary and there was definitely a
leap of faith. But... -What was you're, what was the turning point for you? Let's show
them the closet. What was your, what was your turning point where you said, "Hey,
you know what? We should actually buy a lot more real estate?"
-Uhm, it was after our second house and we were getting rental income then from too.
From our first one in the basement and then the second one I'm like, "Hey, we
should do this more." -But why? Because it wasn't that much extra work. And we just
had money coming in every month. -Yeah. How much, how much time would you say I
currently spend a month managing my real estate investments? -I wouldn't know
because I don't notice it. -Yeah, that's actually. Well, yeah. For having just moved
in a couple of weeks ago, oh and all with us and say, "Uh how did you get this? Where
are all your boxes?" -I'm not known to always have my stuff hung up. We've got the last
of the misplaced items. This is my... If you come to my one of my live events, this is
my... This is the only time you'll see me in any kind of form
wear whatsoever and that's with jeans, okay? That's it. Because t-shirt
and shorts, I mean, this is what I wear pretty much all year-round.
So you know, when you're young and you're looking at real estate, here's one of
these other things that I would become aware if I were you. We're going to go
upstairs. For just a moment, I want you to think. This is what everyone else is
doing: They go to college, they get a degree, they get a job, they work for
somebody else and then after they do that, they're pretty much stuck in a job
for 30-40 years. And they're counting on their job to give them the money they
need for life. And that's exactly what it does.
It gives you the money that you need for life. But you know what it doesn't do? It
actually doesn't give you the money that you need for the life that you want
after working. I don't have a problem working. I actually love working. But am I
really, am I doing the work that I love? Because right now, I get to work
very, very little. But I get to do the things that I enjoy which is making
videos, chatting with you, being with you live events, partnering with some of you,
buying lots of properties. This is our library. It's kind of fun. Parking under the
tree. This is our Fox rug. That is like crazy, crazy, soft. It's faux for all you
that are concerned. And I love sitting here and just like reading to my kids.
I'm petting this cute little rabbit. Oh fine. Out here, so our deck has a lot of
stories to it. Out here, this is seriously one of my favorite places to read to my
kids. You can get a great view of the smoke. Well, right now, we just moved into this
house. And there's a fire six miles that way and we're like, "Fire please don't
come over the mountain. And burn us out of our brand-new home." That would suck. We
would prefer not to have to do like a wrap and move. Having just gone through a
move. We haven't moved in 11 years. I mean, our first house we bought, we made
$65,000 on while we lived there for 2 years. Our second
house, we bought, that we lived in, we made great money on. Then we actually built
one point something million dollar house that we've been living in. We're still
deciding what we want to do with it. So, this house is definitely a step up in
price and I think niceness. But it's all been made possible because of real
estate. So, here's the deal. People don't understand the value of time. You need to
understand that in the game of real estate, you want time on your side. If
you're always thinking about quick flip, do a deal, make 30 grand, make 50 grand,
that feels cool, that sounds cool. But it's a job. Because when you're done. You
got the money but then you have to do it again if you want to make more. My
short-term buy-and-hold strategy, I'll go and buy you know 50 homes and then guess
what happens 5 years later? They become a hundred homes. And 5 years
later they become 200 homes. And they keep multiplying. They're like baby
rabbits that have babies. This is my daughter Olivia's room. I think she
has like seriously one of the best views in the house, other than on a the
mountain is burning down day. I was just out hiking with my daughter up there. So,
so pretty. So each one of our kids, it's kind of like a master bath. They have
their own, they have their own separate bedroom, bathroom, walk-in closet. Which is
fun because the kids don't blame each other anymore. I'm like, "Who messed up
what?" Because they all have their own. Other than the boys. The boys... Oh yeah, we
do room checks every single week. Listen, the game a real estate is a game
of discipline. And it doesn't take much time but you got to do the right things.
That still starts with learning how to take care of your crap. Which they're not
doing very well right now. This is part of their training. (Laughs)
Yeah. So, the boys have, I think, they've got the bigger bedroom. They absolutely
have one of my favorite tiles in the house. The designer, they brought out
of Park City has just done. Just a really, really... Just a magnificent job on this.
One of our rules is, "You keep your toys in the closet and if we ever find your
toys outside of the closet, we confiscate them and then you have to earn them back."
So, there's a little bit of bad parenting 101 for you.
You got Pikachu over there making sounds. Wait it is one of the cutest sounds. Wow.
Well. So, in this house it's all about minimalism. I left all of our furniture.
We probably spent $300,000 on our last yard. We probably put
in... I mean, we put in a massive amount of money into furniture and everything. And
we left it all behind. And because everything is minimalistic, it's like, "Oh
do I really want a thousand frames?" So, my wife was smart. She just made this one
really big frame and then we just swapped out these pictures. Check this
out. We've got... This is a picture of us in Mexico, feeding the dolphins,
this was taken down a world record Nyala by bowhunt in Africa, this is Bora-Bora.
Kid you not, the most beautiful beach having seen beaches all over the world,
that is the most beautiful. We actually found real Santa Claus. And
he came to our house. It was quite amazing.
This visiting California, this is an African safari, my kids getting
their belts. My wife and I love acro yoga. So, there's a photo shoot we did last
year. This is in Thailand, this is feeding a bunch of baby tigers which was crazy,
crazy, crazy experience. I had four of them that were like tackling me, were jumping
on each other. And then one of them tried to eat my shoe. This is us actually, this
would take my kids doing some snuba. This was in Kenya, we did a huge humanitarian
project and my daughter and I got to go see these amazing cheetahs. Machu Picchu,
we did Peru last year. And my daughter, she was 11 at the time, we took her and
she actually hiked the Inca Trail. Again, real estate. Think about it. Why, why
real estate? One of my first mentors taught me this. And you got to understand
that when you're young, it just gets bigger with time. Like if I started with
one home now and in five years I turned it into two. And then in five more years
I turn it into four. And then in my 15th year I turned it into eight, my 20th year
I turn it into 16. You know, it actually grows faster than that. But imagine what
happens when you get I'm on your side. Not a lot of people get
that. And one of my first mentors said, "Kris, you want to make money, right?" I
said, "Yes." He says, "You could create a $1 widget and if you sell a million of them
maybe you'll make a million dollars." And I said, "Well, it sound like a lot of work."
Then he said, "Okay, well you could sell cars. Maybe if you make $1,000 a car and
you sell a thousand cars you make a million." I'm like, "Yeah, but I don't know
how many lifetimes it would take to sell a thousand cars." And then he said, "Or you
can do real estate. With real estate, you just count to ten. And do you make a
million. Because if you were to make a hundred thousand each home. One, two, three,
four, five, six, seven, eight, nine, a
million. So, you think about that for just second. You do ten deals, you make a
million. There's not a lot of big time difference between selling the widget
and selling a car and selling a home as an investor. So, in other words,
his advice was deal with the asset that has that is the most expensive commodity
that the average person will deal with. That is a home. Okay, out here we have a
kind of like little casual TV room area. Got a little porch area down here. The
lot keeps on going all the way over the hill. My kids are playing in the forest
every day. They're collecting acorns. All the squirrels are going to die because this
winter they will have none. And then there's just 40 pristine acres that
people can't touch out here. Which... The green... Just the green in the mountains
just inspire me. This is my daughter's room that we got her set up
with. She's got her own bathroom. She's got the worst view in the house. That's a
joke. It's beautiful. But it's only the only kind of semi buried room. And then
for the last eight years, I have been taking care of my parents.
That's actually financial. Kinda that's a God and Kris thing where I made a
promise to take care of my parents. They're quite a bit older. And so, this is their
bedroom. So, they're there cooking in our kitchen. They're living with us which is
a huge privilege. Because I got 8 brothers and sisters and my kids get
to spend timem more time with Grandma and Grandpa than anybody. And I think while
they're here, it feels good. That byway is probably one of the most
meaningful things that real estate has done for me. It has given me the means to
care for my parents. Send them on trips, sent around the world. You know, my mom
needs teeth work done here. Here's a $2,000 check. Whatever is needed.
There's a bunch of storage here and there. But there's an unfinished area
that we're getting started on. We got to finish getting all this in the storage.
But we're going to put in a huge theater area. Game room in the very back, I'm
going to be building out a huge tool area for me. A huge craft area. So, it's uh... It's
interesting. It's actually a slightly smaller home than the one that we're
just coming from. It's over 8,000 square feet. But in that spirit of minimalism, it
just feels like, feels like the right thing. Just, it feels like a different way
of life and a different way of being right now for us. So, I just... In making
this video, as I'm showing you this, you know some people are going to be like, "Oh,
there's like one of those Thai Lopez videos. I'm going to show off all of my
stuff and let's go into my garage and see all my expensive cars. You know, I'll
show you my BMW supercar." Listen, this isn't the purpose of the video. The purpose
of this videos for you to understand that when you're young or whatever age,
start the game of real estate. If you're 60,
you will still benefit greatly from real estate in this life. But you are going to
be able to take that real estate and benefit and create a legacy. Right now
I'm doing things for not just my parents, I'm doing things for my kids. And I'm
doing things for my grandkids. There's a legacy that I'm in the process of
creating. Okay, a couple last things:
my mother is amazing organizer. So, our entire pantry is totally organized. And
no matter how angry I get, everything is soft, everything is soft closed. kKind of
cool. We got the laundry room here. We go to
the pool almost every day. So we keep all the bath tool towels under there. And
then, we just finished with the mud room. So, the mud room is nearly all organized.
Which is great because it means that like, this is my outdoor winter slash
hunting and snowboarding. We got these lockers top and bottom for. Basically it
means no shoes, no socks. When you have kids, they dump their stuff everywhere.
We're still in the process of getting the whole garage organized. Kind of the
way that we want. But I got my truck there. This car and we're in the process
of buying the lot right next door here. It's another... That'll... That's another 2/3
of an acre. And we want to buy that so that I can build my parents
actually their own guesthouse. Put another 3/4 garage over there, so we have
a room for some car and toy expansion. But otherwise, just out here, enjoying the
mountains, enjoying life out here. And so, I just think, "Man, what kicked all of this
off? What started the ability to have all this?" It's real simple it's this game at
real estate. I love helping young people on the road to success in real estate.
And if you want help with that, I've actually set up a system where I can be
your mentor. It's cheap, it's easy, it's simple. More importantly, it works. My
event that have coming up around the corner, I've got people coming in town
that are in my real estate community that had no money, no credit. Just
starting out. One of them I'm celebrating. He did his first deal and he's got like
a $780 month cash flow on his first deal. And his
second one, he made $50,000 on in less than six weeks. So, we're going to be
acknowledging some of the students that are coming out and having that
experience. But if you, if you're looking for a mentor which by the way, in in real
estate, you need to have a mentor. Someone you can talk to. I've got a community set
up where we interact. I could give you the tools that you
need. And essentially, I can help you build wealth the way I've been able to
build it. And all you got to do is click the link in the description. And then
talk to a member of my team and say, "Hey, I'm young or I'm old or I'm whoever. But
I'm just starting out and I need some help." And they're going to direct you and
how to do that. Heck! You might be one of those that has actually built up some
assets. And they're just not sitting in real estate where there's higher ROI is
available to you, where you can really make some great wealth. And say, "Hey, I'm
interested in partnering with Kris because I actually make that available
as well." And they would actually talk about how you'd get my cell phone number.
I build you a game plan and we would actually go and buy a pile of homes. And
create a legacy. Just like I've done for me, just like I've done for others.
Friends, thank you so much for for watching today's video. Make sure that
you subscribe if you want to learn more about investing in real estate. And just
know, real estate is real. If you have the right system, if you have the right
mentor and if you have the right mindset, you can win at this game of life. Money
is a game. There are rules. If you learn the rules and if you cop the tools and
if you've got the system, you can absolutely succeed at it. So, if you feel
like you're ready for me as a mentor. If you feel like you're ready to take that
next step in financial to grow yourself, click the link in the description and
let's play together.
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