How To Pay Off Your Mortgage

Want to learn how to get your house paid off? I have ways that are tried and tested - surely effective to get your house paid and allow you to earn more! These four methodologies are the key to real estate, so stay tuned and learn from my experience!

01:09 Let's get right to it
02:36 Here's the funny thing about it
03:49 The "master" way
05:35 Another option
07:07 Double your money every 5 years
09:09 One step backward may mean 10 steps forward

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#RealEstateInvesting #MoneyMindset

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EARNINGS DISCLOSURE

Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE

The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.

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[DonaldMark-nese]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[nf]

This can be a very dangerous way of acquiring rental property. Paying off your primary residence first is the safest route.

[trenttaylor]

If the goal is payoff your house simply pay extra on the principal each month, borrowing more from the banks only makes the bankers happier and means you are paying more interest to them each month.

[arleneaugustahair]

Pay extra on the principal every month and keep it moving.

[motorcyclemichael]

Gotta have $40k to put down and have a return of 20%/year on each investment the catch

What about repair costs, taxes, etc

[richardupyurass]

No one owns a house. Pay off your mortgage and not pay taxes the state will take it from you

[richardsanchez]

What if the Corona virus hits and people you are renting to dont have a job and cant pay you, but you still have a mortgage you owe to the bank? Its time like these, right now where you can make or lose a fortune.

[lqqkoutthedude]

Killer advice. But what happens if you have an unusual situation like a pandemic, tenants don't pay the rent, courts are closed and there is a moratorium on evictions?

[drackkor]

Being a landlord isn't all it's cracked up to be if you think you won't have extra expenses and a lot of your own time fixing, painting, exct. because this will happen so get ready to get calls at anytime 24 / 7.

[BrolicBoom]

love it bro.. got my first investment property.. next step is renting it out

[dumbass]

The real estate market is almost at an over valued market like in 2007. The Fed is lowering the intrest rates to stimulate the economy some economists expect a recession so timing is important on buying a rental.

[kellywalker]

A 20% return per year is highly unlikely, in my humble opinion.

[cubanumero]

The problem is finding a deal with 20% ROI.. I got a couple and they give 12% each.. and I did my due diligence.. is just not easy to find 20%+ in today's market, is hard to find deals now days

[Ronald]

I’m new to your channel. My question is can I use your strategy on a fixed income. I own a home but I have a fixed income

[davidtorres]

How much is the interest of the line of credit from the equity and how much would be that monthly payment?

[parzival]

how do you buy another property and not pay mortgage for that property?

[michelleporter]

Except you have to pay the added payment on the additional 80K.

[jalonmanual]

Hey how come I haven’t received the straight path to real estate book I ordered it about 3 weeks ago ?

[quadcondor]

This all works when interest rates are low. When they finally rise, investors who levered up are going to get crushed

[kidneycarecoaching]

This video was made pre Covid-19 wonder if you can do an update on how well your program is going?