Personal Game Plan Creation And Mentoring | Cayden

Personal Game Plan Creation And Mentoring | Cayden

How did I buy enough homes while I was
in college to become ultimately financially free and quit my job? More
importantly how can you do the same? Today, I’m interviewing a young 20-year
old named Cayden who is in almost identical circumstances that me. And he
wants to get a private game plan and he’s saying, “Kris, how do I do exactly
what you did when you were in college but maybe even faster?” Today, I’m going to
interview him and I’m going to give him a private custom game plan and show him
exactly how to do it. By the way, stay tuned. At the end of the video, i’m going to
show with you how you can get your own private custom game plan as well. So that
you can have revealed what you need to do to make your next million dollars. So, I am back with Cayden. And Cayden, dude.
So, glad they have you here brother. -Yeah. -Guys. So, Cayden finds himself in a very
similar situation at the start of his adult life kind of like I did. Go into
college working barely full-time at a job and basically having barely enough
money to kind of pay the bills and kind of keep head so you don’t have to go
into student debt just like I did. -Mm-hmm. -And you’ve come on today with a question
for me. -Yeah. -What is it? -Basically how do I do exactly what you did with knowing
what you know now. -How do we how do you do exactly what I did but knowing
especially what I know now. -Yeah. Right. -So, let’s see if we can even top it and give
you an accelerated version. -Okay. -It’s okay? -I’m down. -Now, you’re young. You’re 20
years old. -Mm-hmm. -20 years old college and
ultimately just trying to figure out “How do I financially get this thing?” -Yeah. -What are you studying in school? -I’m just doing generous. Don’t even
know where that said it either. -Awesome. Perfect, great. So basically, I knew that I
was going to be wealthy through real estate. So, I didn’t really care a whole
lot when I was just going to college either. -Hmm.
-So, let’s play. Let’s have some fun. -Okay. -Let me find out just a couple of quick
facts about you. Then what I’m going to do is I’m going to put myself in your shoes
and say, “If I woke up today as Cayden, what would I do to become financially free as
quickly as possible?” -Okay. -Deal? -Yeah. -Alright. Awesome. Okay. So, for
starters, you have a job? -Correct. -So, you going to school full-time and working
full-time? -Yeah. -And what do you do for work? -I dispatch on alarms. -Okay. So, you’ve
got some type of alarms security type job. And how much a year do you
think you’re making doing that? -Around 22,000. -Okay. $22,000 a year. Good college
job, right? -Yeah. Decent. -And it’s been enough to stand a debt? -Yeah. -So, you don’t
have any debt? -No college debt. -You’re in your second year college? -Yep. -Perfect. I
get where you’re at man. Outside of that, how’s your credit? Have you started
building it? -Yeah. I have one credit card then I’m on auto loan. Okay, good. I’m
going to recommend right now you get a second credit card. And there’s going to be
funny. It’s going to.. Literally, this is like.. I’m going to carbon copy give you the same
game plan that I had. -Okay. -Just sup it up a little bit. -Deal. -Cool. So, right now
your credit is good. And there’s a couple things we needed to do there. So,
ultimately though alarms, you’ve been at that job for how long?
-14 months. -14 months. Alright. I’ve got a game plan for you. Ready? -Yeah. Let’s do it.
Okay. Dude, let’s make it happen. So, check it out. Right now, some of you might be
watching this being like, “Dude. Kris, how can you create a game plan?
He doesn’t have savings. He doesn’t have 401k. He doesn’t have IRA. He doesn’t own
real estate. He got nothing!” This is not exactly true. He is actually a lot more
going for him and that’s what I want to review right here. So, here’s what the
game plan is looking like: Option number 1 is we want to find out how to get
you into a primary residence. Now, a primary residence is not an investment
per se… Yet. It’s a property that you’re buying for you to live in versus an
investment property. -Okay. -You see an investment property, you got to put 20%
down. And if we’re talking about a $200,000 home, that’s like 40 grand. It’s
a lot of money. But if you’re buying kind of an entry-level primary residence…
You’re not married, right? -No. So, check this out. Primary residence, you get to
you get to actually get away with putting 3% down. So, what are homes in
your area like? What city are you in? -Ogden. -So, you’re going to be in the 120,
140, 180 range? -Yeah. -Okay. So, let’s just say that you bought a house
for $150,000 and let’s say you got a good deal on it.
Because I showed you how to do that. Your 3%, for you to do that it’s going to
cost you $4,500, Nowm you don’t have any money right now. But
here’s the good news: That’s not a lot of money. -Yeah. -Like, you
can save for that. You can screw up for that. You can figure that out. You can
partner. You can borrow a little… Like there’s a way to actually figure that
game out. So, it’s just the first piece of good news which is you don’t need a
whole lot of money to actually get in the game. But there’s a couple more
things you are going to need. Number 1, you’re going to need to get a second
credit card. -Okay. -Because banks… Most banks are going to want to see you have
three lines of credit. You’ve got an auto loan, you have a credit card. We need to
get one maybe even 2 more credit cards. -Okay. -And the reason why we want to get
those credit cards is because banks, before they’ll say, “Sure, we’ll lend you a
hundred grand on buying a house”, they want to say, “Well, is he fiscally
responsible?” Then if like, “He has one credit card. We can’t really tell yet.”
-Yeah. -You do 2 or 3 cards. And here’s what I want you to do: Use them
and pay then off. That’s it. I don’t care what their limits are. I don’t care what
the perks and Benny’s are. All to do… Dude, run up $20 meal on it once a month
to pay it off. I just need them to see, “Oh, this card is active and he’s keeping
it paid off. Hence he must be responsible. We’re going to bump its credit score a
little bit.” More importantly, the bank is going to want to see that so they can say
like, “Hey, we’ll actually lend him a house.” The second thing is where we’re at in
the year, you got 14 months of history under your belt and we’re about to
change the year over. I would say in about 3 months, something’s going to
happen. You’re going to be able to file your second year taxes. Because when you
did you’re 2018 taxes, you had already had your job (for what?) 5-6 months or
something like that? -Yeah. Down there. -So now, the banks are going to say, “We
want a 2-year history on you?” So, even though you only worked half of the year,
they are still going to call that history. But now, if you just wait 3 more
months into your taxes again, they’re now going to say “You actually have a second
year.” And most banks want to see a two-year history of you doing some kind
of job in the same line of work. They don’t care that it’s a college job. They
don’t care that it’s alarms. What they want is “Is he dependable?” So, you’re 2
months away from actually hitting it dependability mark. Don’t get fired in
the next three months. -Okay. -Don’t change your job in the next 3 months. Or if
you do, stay in the same industry. And if you did change a job, don’t have more
than like a 2 or 3-month gap. Because then they would say, “Uh-oh. His
employment was interrupted too long. And now his 2 year starts over again.”
-They ultimately want to see to your tax return. You’re just a couple months away
from it a 2-year tax return. So by the way, so… I got some good news for you. Get a
couple of credit cards and get that work history going and you’ll actually nearly
be ready. The only thing missing is $4,500. -Okay. -Now, my question for you is
can you be resourceful enough to figure out how to make that happen? -Yeah. I can
put something together. -You can put something together, right? -It’s not a lot
of money and it’s always good to have a goal. So, right now, I’m getting you a
little tip sheet. Now by the way, these are the exact same things. Literally my
mentor told me, “Kris, you don’t change your job. You need another like
8 months at it or whatever.” And he said, “You need to set 5 grand aside.”
That’s essentially what I’m telling you. He said, “Make sure you get 2 more lines
of credit.” That’s the same thing I’ve told you. And it’s really those 3
things that are actually going to put you in a position where you can buy a
house. Now, you’re single. So, the good news is get it good deal on a house and then
get 3 roommates. And guess who’s going to pay the mortgage? -Them. -Yes, they are
going to the mortgage. -So, a $300 private room, a $400 private room and a you know
2 $200 shared rooms. And you add it all up and it’s like, “Wow! That’s a lot more
money than my mortgage. And I’m actually getting ahead a couple hundred bucks a
month.” And the bank looks at that and they say, “We’ll do this again.” So, let me
share with you what that means. That gets us into option… The second step of
this. Phase one is get a primary residence. -Okay. -Phase 2, once you have
done it. after 6 or 12 months of being there, literally do rinse and
repeat. Now, that means that you’re going to need to move to do this again. And
dude, you’re young, you’re single. You don’t have a whole lot of crap yet. Like
move again. Get a house with some equity. Keep that one rented out to the
roommates or I’ll show you my lease option system to put a family in there
and really bump up the cash flow. Get some heavy money collected up front. And
then literally go buy primary residence again Now, you got 2 houses. You’re
positive cash flow on both of them. And now, you’re actually clearing some money.
That make sense -Yeah. Definitely. -Now, here’s the good news: In a year when you
go to do this, if you bought some equity into this home and it’s a primary
residence, the banks will let you lend up to 90% of a house like that and use it
to buy another one. So, if they said, “Oh, here’s a 10 or 20,000 or line of credit.”
And you’re saying, “Kris, could I use some of that equity to like buy my next house?” You know the answer is? -Yeah. -Yes. You don’t need $4,500 again. -You
need it once. I want you to buy that house with a little bit of equity and
you need to save yourself up 45 hundred bucks to five grand. -Okay. -And
there’s ways to be resourceful. There can be some side hustles. There’s all sorts of opportunities. Videos I’ve made on this channel for what you can do
to scrape some extra money. Because now you have a reason. So far, working has
just been about staying out of debt. -Hmm. -Now, you got to say “Alright. I need to
work to stand in debt and I need 5 grand more.” So now, you start asking
things. You start asking your boss, “How can I get promotion?” Like, “I’ve been here
for a year. How can I get a promotion?” And there’s so many different ways to
actually scrape some extra money together. One is be a better saver and
number 2 is try to get a raise. Number 3 is it might be a really
tiny sign hustle on the side where you can put that together. My 13-year old
daughter has a little a week job that you know she makes 500 bucks a
month from. So, there’s opportunities out there as long as you
know what for. And now you do. -Okay. -So, the third option that I do want to give you
Cayden is I love helping young people invest in real estate and I promised you
a game plan where you could go faster than me. You buy these first 2 houses.
You’ll use the equity to buy a third without needing to move and then a
fourth and then it’s just going to go. -Yeah. -But how you go faster is with what I
call partnering. And partnering, I created a program it’s called maverick. -Mmm-hmm.
-And the maverick program essentially says, “Go find other people out there that
have saved some money and are ready to invest in real estate. Introduce them to
my team. And if they decide to do anything with me or partner with me, I’ll
take my ownership that I get out of the arrangement and I’ll split it with
you equally.” You and I has to become equal business partners. But this real
estate requires no money and requires no credit. Does that make sense? -Yeah. -Is that
exciting? -Yeah. I’m definitely interested in that.
-Dude, that’s the real estate. That is what totally set me off of my journey
to get where I’ve gotten. It’s how do you tap into real estate with no money no
credit. Here, we’re talking about buying 2 houses with $4,500. It’s a really
small amount. The ROI is going to be really, really high on them. But you also
have a way. You might even say before that happens, you might you might have a
parent that says, “I’ll invest in you. Let me help you get that house. Or that
makes sense.” Or, “Hey, I’ve got somebody sitting in a 401k or IRA doing nothing.”
You never know. And so, you start saying, “Okay. Now, that I know what I want, now I’m
going to start seeing what doors and windows I can open that can lead me to
actually accelerating.” That is how you will go crazy fast. -Hmm. -That make sense?
-Yeah, definitely. -So, how do you feel about your options? -I like them. There’s nothing
too bad. -Guys, you have options too. Cayden is not the only one. In fact, I feel so
passionate about understanding that at the start of this video, you’re probably
thinking “Dude, Cayden’s got nothing. He’s got to finish college. He’s got to get a job
for a while and save them like…” Bullcrap! Never let anyone
tell you that you have to wait when the time can 100% be now. Right now, it’s just
a little bit of hustle to make it happen. And if you’re looking for your own
custom private game plan, there’s a link below and I’ve got a whole set of
training staff that just do game plans with people for free. Literally an
opportunity for you to get an outsider’s perspective and understand “Could I
actually start investing in real estate right now?” And you’ll find out if you
click that link and talk to a member of my team. So, dude. Thank you for being here
today. -Thank you. -Excited about your options? -Yeah. -Dude, I’m pumped for you. -Let’s make it happen. -As I track young Cayden here on his journey, we’ll do a follow up so you
can see what becomes of him. And for the rest you out there, make sure you like
this video so the YouTube knows to share it. Please smash that like button and
I’ll look forward to seeing you subscribers on tomorrow’s video.

Comments (15)

  1. Present ??‍♂️

  2. Love it Kris! I’m almost financially free through real Estate Investing too! It’s the key! My only regret is that I didn’t start sooner! ??

  3. From my personal experience banks won't count income from roommates on your primary house.

  4. This is my Holy Grail THANK U

  5. Great video! Kris can you make a video on how to get into real estate after filling Chapter 7(bankruptcy)? Thanks!

  6. Can I buy an apartment as a primary home and live in one floor and rent the other two I’m from Chicago

  7. Kris! You’ve done it again! I’m inspired and driven to pull the trigger and apply for my first mortagage. I wish I knew you personally as a friend to help guide me through the paper work and numbers but you’ve done enough already by investing your patience and time, sharing this knowledge. You are phenomenal brother!

  8. Sooo my mom just bought a house I’m pretty sure it has about $40,000 in equity and I wanna know if I partner with her to buy another one in two years and would get tenants and I live their ?

  9. Hey Chris, what are your thoughts about real estate game in developing countries like India?

  10. Nice video I i did learn a lot from that video that’s anyway I can get in touch with you, excellent videos btw

  11. Will I need a real estate license to do any of these steps I’m curios?

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