You know, so many of you are watching these videos outside the country of
America, right? And a lot of you have questions on how to invest in real
estate where you live or can you invest your money in the United States and
today I plan on answering that question.
Alright, shout out to all my limitless friends out there. Many of you are
writing questions saying, "Kris, how do I invest in real estate if I live outside
the United States?" This is fair because there's a lot of you living around the
country outside of the United States and you're wanting to know how do I really
do this? I think the best way for me to do this is to just transplant myself
into your shoes, into your country. If I woke up one day in Brazil or Argentina
or Japan or Australia or Canada, anywhere else in the world and you're wanting to
know how would I invest in real estate? Listen, the principles that I'm
teaching you are identical. The laws of the land are going to be a little bit
different and you're going to have some governments that aren't going to be
favoring you as much as others when it comes to investing and being a landlord
or owning property but in general, when it comes to real estate, the same
principles apply which is namely number one, how do I begin controlling real
estate? Not buying real estate, not using my money, not using my credit, how do I
control real estate? See, the people that make money in real estate are those that
control the asset. It's not about whether it's paid off, it doesn't matter who
technically even owns it, it's who's controlling it and here's what that
means.. When I buy property, number one, I'm looking for a property that I can buy
that has an equity position. Now remember what equity is, the property is worth
this much and I'm buying it for this much and there's a margin there that if
I control it, I get to access in time so if I buy a property for a hundred
thousand units, whatever your currency is, and it's worth 150 thousand units then a
third of that property is equity and I want to control that. Now by the way, that
disparagement will usually mean higher cash flows. So now I've got my equity,
now I'm going for controlling the property generally leasing it out or
selling it to make some money on it. Usually, I like to hold property for a
period of time and cash flow, it's because when I'm just starting out, I want to
produce a residual income so I've got an equity play, now I've got a cash flow
play, now the next thing I want to do in controlling that property is figure out
when do I really want to sell this property so that I can get the gains and
put it into more assets? How are you going to do this as with seller financing?
This is my lease option course that I teach by the way. The laws of the land
will be a different a little bit different where you live but ultimately,
it's a contract that says this is your property, you don't want this property, I
want this property, I will take care of it, I'll manage it, I'll put tenants in it,
I'm physically financially responsible for it and as a result, I want to make
money above and beyond whatever it says that I owe you. Watch some of the Lease Option
videos if you want to get more of what I mean on that but basically it comes down
to there's property out here, there's a way
to make that property sing, there's a way to make it make money, there's a way to
put renters in it and tenants in it, there's a way to put commercial people
in there for their business uses and purposes and ultimately how do I control
this property? How do I sell it and how do I make money? In my world, I don't have
to. If I were in Brazil, I would own property within 30 days and the reason
why is because I don't have to be a citizen, I don't have to use my credit
and I don't have to use my money. I just have to look at a property that someone is
not managing well and bring an idea like my Lease Option to the table they can
improve upon what they're doing and I want to get a slice of the pie for
making that happen so that's what I teach my lease option course and frankly,
that is probably what I would do if I woke up in any one of your countries and
you're saying, okay, Kris help me. What should I do? It really just comes down to
what you're doing right now. Be a subscriber here, watch these videos and
learn what you can about real estate. There's a certain amount of real estate
knowledge and language that you need to command. Once you have it, then it's time
to take action and get out there and friends, it's really so simple, buy low,
sell high. If I'm buying low to hold it and rent it for a period of time, I'm
going to get cash flow in the meantime and I'm going to sell it, I'm going to make all my
gains or I could buy it today and I could sell it tomorrow and I'm going to get
my gains. Controlling assets, controlling real estate is what I would do anywhere
in the world. Now some of you are also asking, well Kris, what if I have money,
how do I bring that money into the United States? There are ways of doing
this and it usually needs to happen with a partner. A partner it is you know, for
example, if you partnered with me, this is a hypothetical. If I'm a citizen and I've
got the credit and I've got all of the rights to buy property here then we're
business partners and the money comes in to me and then I get to go and invest
that money and then whatever is made, we're then doing some kind of split on.
That's really a shortcut to concept of green card, building credit which can
take a couple of years and doing some different things like that and for me,
I'm all about shortcuts as long as they're researched and done the right
way. So if you live outside of the United States, first of all, you got to ask, is
real estate working good in my country or do I need to go to America or a
different country or if it works in my country then how do I apply the
principles here and then take them into my backyard? The last thing I would
recommend is that I think is going to be really important is
find a way to get in touch with investors in your own country, find the
ones that are successful, take the knowledge you're learning here, take the
principles and then just learn and adapt to your specific laws of the land.
Ironically, most of the world, most of the way I do real estate works in most
countries but there's going to be some nuances, there's going to be some changes
and you need to become familiar with that. Doesn't mean you need to hire a
lawyer but you should get with someone that is experienced and
knowledgeable. For people that want invest here in the United States,
I'm the experienced and knowledgeable one that can take you into the best
markets and make that happen. Find that person where you live if you
want to invest in your backyard. Hey, thanks for watching today's video. Make
sure that you subscribe, we got a lot more training coming your way to really
unlock how you can be successful at doing real estate right now where you
live.
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