some of you got absolutely nothing no money nothing going on and today I'm gonna share solutions for all three of you alright let's get started with those of you out the gate that are saying I don know where to get started in real estate.
Me then I'm thinking this is the advice that's perfect for you the first home you buy you actually want to buy a home and a house a home is a place that you live in a house as an investment property let it actually double serve and here's why if you buy that house and you only live in it for a short time guess what you can do you can actually move out and turn it into an investment property I highly recommend doing this so for you to get that first house what are you going to need you're.
Number one you're gonna need a job that you can hold down for at least two years or if you're in college when you graduate the banks will count all of your years of working on your degree towards actually work history as long as you get a job in the same degree in the same profession so basically two years of work history the next thing that you're gonna need is three credit cards you actually need to show that you for two years have been responsible with three different revolving lines of.
Cards are I don't care what their terms get them and pay them off you know use them and pay them off so if you're just using groceries the reason want you to keep and paid off is you're not allowed to fall into a trap where you accidentally start thinking that the money on your credit card is money that you can spend that's a no and then the third and final thing that you're going to need is you're gonna have to save up3% for the down payment and if we're talking about a hundred thousand to two hundred.
Three to six thousand dollars so I want you to figure out how to save up a small modest amount of money now what do you do if you have two years of work history you got two years on three credit cards and you've saved up three percent on adown payment for home then what I want you to do is that want you to buy a home that'll make a fantastic investment but totally meet your personal needs for what home would be what do I mean by that I want you to get a discount I want you to get.
Buy it intelligently so that if in 12 or24 months you move out guess what you could do the whole thing again I mean listen if you're not too tied down and you're not bogged down by the moving thing in another year to go buy another house live in it and then move on guessing what you've now got two investment properties and you came what five grand out of pocket on each one and if you do it right where you're making fifty thousand or a hundred thousand dollar gains in the next few years on these.
Pretty now if you don't know how to do that click the link in the description below and talk to my team and they'll walk you through how to do that so that takes care of number one for those of you that have some money you've got retirement funds to see if you're saying I want to get going in real estate but I don't really know where to start I've got maybe some money in a 401k or an IRAor an annuity maybe you've been working on paying your house down or it's gone up in value so you have some equity if.
The board then your specific game plan is to focus on putting 20% down payments on fantastic investment property, okay what you're doing here is you're shifting money from one asset and you're putting it simply into a different asset, and here's the intention you want to shift your money from a low-yield asset and put it into a high-yield asset soFrench economist JB Shea he's known for saying that building wealth is just nothing more than moving from low yields to high yields so in the game of real.
Listen 401ks and IRAs a lot of them only doing three or four percent guess what inflation is three to four percent so guess what you're like making nothing until you're making over3% you're really making nothing on your money you've got to figure how to make 6percent 10 percent 20 percent 25 percent can you do that if you have funds set aside in retirement and you want to know where to put them then what you need to do is you need to go out there and find really good deals and put 20% down so.
It for one hundred and seventy thousand dollars or maybe it has ROI you got to put 20% down might be 3040 grand and boom you're the owner that home and its cash flow and its growth and you're off to the races now before I move on to the third category for you if you have some assets in 401k or IRA you can either watch my videos and set up your own system but I have a team that finds me the very best deals in the country and we've got too many right now so if you'd like to actually check out.
Hands-on some then also click the link in the description below and talk to my team about that conversation and say hey I've got some funds in 401 k IRA Chris said that he might have extra deals what does that look like okay third you got no money whatsoever this is my favorite category you know if you got the money you can invest in real estate first category save up a small downpayment, yeah you can get into real estate but when you've got nothing going on for you and you don't get the money.
You don't have the credit or you haven't developed credit you're thinking to yourself I don't want to do category 1or 2 I don't want to have to go work 1020 years at a job or five years and save up money how do I do it you did Christlike how can I start investing right now you know I say this time and time again but I feel like I need to keep repeating it because it falls mostly on deaf years real estate is not a function of how much money you have it's not a function of your credit it's a function of people.
Real estate it's how do I provide value how do I create solutions and it does not take money to do that what it does take is knowledge and know-how and most importantly courage to act that has made me millions of dollars now I've got all this money but guess what I still can do as much real estate as I want whether I'm using my own money or not why because of knowledge and because of courage so I want you to just understand first of all whatever you're financial.
lining up for you if you don't have a lot of resources going for you I get that because I started poorly broke deeply in debt broken mindset with a low degree of confidence I just I had enough courage to act on the information, my mentors if you've got no money and you want to know where to start what you need to start with is a mentor and a mentor I want you to look in the community for an individual that has experienced first of all having done lots.
Or credit those two criteria now they exist you can actually if you just get the word out they're going to your social media and start asking around you'll start finding people locally in your area that will meet that criteria because we're everywhere and if you have trouble finding a mentor and you ask and you're thinking yourself manI wish Chris could be my mentor well Ido that for some people but only for action takers so you could also click the link in the description below and.
A different conversation because this person's gonna say I want help finding an areally good deal on the home I'm gonna live in and this person is gonna say well I want to get amazing deals and transfer money from the wealth I've already created in my retirement plan and for this individual it's I gotta find a mentor that can give me the knowledge that can help me get my start in real estate that's what you need to focus on so you just have those conversations with my team they'll break.
And the options might not work for you they might not be good for you and that's okay you would need to know that because we're not good for everyone and everyone's not good for us but more importantly it's you taking action and doing something that is created wealth for me over the years has just been the ability to put myself out there and every day I take action every day I expect myself to be better than I was the day before so whatever you do hereat the end of this video make sure that.
The smallest action that you could actually take is actually just subscribing and ring that bell because I'm I can notify you every day the moment our video comes out so you can at least see what the topic is and if it's gonna serve you watch that video and learn and get smarter getting smarter learning and growing that is a form of mentoring and that when you click that subscribe button you're basically saying Chrishelp me understand more of your world on how you've created all of this wealth.