Kris Krohn is well-known in the real estate industry for his innovative investment strategies. His "lease option" strategy teaches you to control property while earning monthly with little to no money down. Krohn's preferred strategy is to build wealth through long-term real estate. He advocates a buy-and-hold approach to create a portfolio of income-generating assets. Kris is also known for his educational programs. He offers many courses and partnership programs.
Reviews for Kris Krohn and his services are mixed with a 3.2/5 rating on Trustpilot, 3.1/5 on Indeed, and 1/5 on Glassdoor. Most positive reviews commended Kris's effective training and helpfulness as a partner. Negative reviews cite refund issues, poor support, and low performance of Kris's team.
Investing in real estate properties is a great way to build long-term wealth. However, that requires large capital and comes with a lot of risks. I prefer investing in digital real estate. It has lower costs, is more scalable, and is less risky.
In this article, you will discover all about Kris Krohn and his real estate programs. You'll find out what people have to say about him and his offers. I'll also talk about his "lease option" strategy and his stance on buying or building.
Kris Krohn Real Estate Programs Pros and Cons
Pros
Kris Krohn's lease option strategy creates short-term and long-term gains.
Kris' strategy is a great alternative for those who do not have the capital to put large down payments.
You can take the role of a passive investor by joining Kris Krohn's turnkey real estate program.
Cons
The beginner's course is not as comprehensive as the competition.
There are a lot of additional costs when working with Kris Krohn and his team.
Kris Krohn has made exaggerated claims in the past.
Price
Kris Krohn's real estate programs costs ranges from $197 to over $25,000. Partnering with Kris Krohn requires a minimum investment of around $50,000 to $70,000.
Refund Policy
Kris Krohn's Lease Options Pro training bundle comes with a 90-day money-back guarantee with conditions.
Reputation
Kris Krohn has a mixed reputation.
Kris Krohn is legit although he is more of a salesman than an educator. His main goal is to get people to invest their money with him. Although, his sales tactics might be questionable. After all he did get in trouble with the SEC for false advertising.
What Is Kris Krohn’s Lease Option Strategy?
Kris Krohn's lease option strategy combines seller financing and a purchase option with elements of a lease agreement. The strategy lets you control the property with little or no money down. You earn from closing the deal and from monthly rent. You also profit from the appreciation by exercising the purchase option at a later date. Here is the breakdown of the strategy:
What Do People Say About Kris Krohn?
Reviews are split when it comes to Kris Krohn. Half said his training programs helped them profit in real estate. Most reviews are from experienced investors who use Kris's advanced strategies. The other half complains about Kris's team's lack of support. They are especially upset about the partnership programs and refunds.
A BiggerPockets user, Ryan Rice, said he had a great experience partnering with Kris John. He said that half the properties he partnered with Kris rented for more than projected. The other half rented for the estimates.
Shaun Sidey complained that Krohn's team replaced the partnered deals multiple times. The team refused to issue any refunds, and Shaun has had trouble getting support. He expressed his disappointment and called Kris and his team a scam.
Employee reviews for Kris's parent company, Uplife Group, are also mixed, with a 3.1/5 rating on Indeed. A former video editor's review complained about a stressful, chaotic work environment. They highlighted the impossible turnaround times and poor management. A former employee noted on BiggerPockets that the investors take 100% of the risks by providing the funding. In contrast, Kris takes 50% of the returns.
Who Is Kris Krohn?
Kris Krohn is a real estate investor and educator from Orem, Utah. He has transacted over 6,500 real estate deals with an average ROI exceeding 34%. Kris Krohn founded Uplife Group, which runs his real estate training and services. He also wrote several books on real estate investing. His bestsellers include "The Strait Path to Real Estate Wealth" and "Time Machine: Five Decisions to Accelerate Your Success Timeline and Live a Thousand Lives."
In 2003, while studying human development at Brigham Young University, Kris bought his first property. By the time he graduated in 2006, he had acquired 25 properties. He started offering turnkey real estate services in 2007. In 2015, he went all in on teaching others through his YouTube channel, live events, courses, and more.
Kris Krohn’s net worth is predicted to be around $80 million by the end of 2024. Kris is very active online and has built a large following. He has over 1.04M subscribers on his YouTube channel and over 654,000 followers on Instagram. Several publications, like Forbes and Miami New Times, have featured him.
SEC Complaints Against Kris Krohn
On July 6, 2012, the SEC charged Kris Krohn and two others with offering fraud. Kris and his accomplices, under Alpha Real Estate Holdings, ran four unregistered securities offerings from January 2009 to June 2011. The SEC said, "The four offerings raised about $11.9 million from 169 investors." Kris and his associates claimed the properties were worth $15 million. In fact, they were worth $2.9 million to $12.2 million. They did not disclose that the $12.2 million value was based on unverified web valuations. They also did not disclose other valuations, including a $2.9 million estimate.
The parties settled the complaint on August 7, 2012. Kris Krohn and the other defendants agreed to do three things.
- They would inform their investors of the judgment.
- They would offer a full refund for those who wanted to withdraw from the investment.
- They would pay civil monetary penalties of $75,000 each.
Kris Krohn's Real Estate Advice: Build or Buy A House in 2024?
Pros & Cons of Building a House in 2024
Building a house in 2024 lets you customize the design according to your needs and preferences. It also lets you use tech and energy-efficient materials to save costs. On the downside, it can be expensive because of rising construction material costs. This includes wood, concrete, insulation, steel, and electrical components. Also, prepare for construction setbacks and delays, which raise the total cost. Kris expects a steep increase in the overall cost of building a home. He estimates that building a home in 2024 will cost about 25% to 28% more than building pre-2020.
Pros & Cons of Buying a House in 2024
Buying a house in 2024 is cheaper than building one. It spares you from the risk of delays and additional costs from setbacks. Buying is the best option for those who want to move into a home right away. On the downside, house-hunting can be a daunting task, especially for the inexperienced. Ready-built homes may also not meet your every need and preference. You might need to do some renovations in areas that don't meet your standard.
Kris's Perspective: Build or Buy in 2024?
Kris says the 2024 real estate market is better for buying. He cited the high cost of materials and labor as the main reasons he advises buying, not building, homes. Kris also considers the drop in interest rates to boost demand for real estate. However, he emphasizes that this may not apply to all markets. Study your market to determine if you should build or buy.
What Are Kris Krohn’s Real Estate Programs?
Kris Krohn has 2 courses and 1 turnkey real estate investment program. You can also partner with Kris Krohn on top real estate deals 50/50 for a minimum investment of $50,000 to $70,000.
Kris Krohn's Lease Options Pro is a training bundle that teaches his unique real estate investment strategy. This course is not for beginners. Lease Options Pro costs $997 of a 1 year access and comes with a 90-day refund guarantee. Included in the program are the following:
Kris Krohn's 10X Real Estate teaches you the core foundations of real estate investment. The course comprises 12 content-packed videos that teach you Kris’ 10 real estate investment principles. You also get the recordings of Kris’ real estate conferences, the Deal Finder Pro Course, and a free consultation with Kris or his team. 10X Real Estate costs $197.
10 Principles:
- Safety Margin
- Risk Management
- Cash Flow
- Good Stewardship
- Winning Odds
- Dedicated Vetting
- Strategic Negotiation
- Appropriate Condition
- Optimization
- Compound Interest
Kris Krohn's Real Estate Maverick is a done-for-you program. It lets you make money passively while his team does all the work. His 200+ person team will do the research, buying, and management of properties. You will take the role of a passive investor by providing capital. How much you earn depends on how much you invest and the program level you buy into. You can also earn by referring investors who are willing to put in $100,000+. To join Real Estate Maverick, you will need to spend $10,000 to $25,000 to join the program, $3,000 to $5,000 on acquisition fees, and more on various other fees.
What Is Kris Krohn's Life Mastery University?
Life Mastery University gives you access to all of Kris Krohn's courses and masterclasses. This includes the real estate training programs. It costs $4,997 to join. You can also buy the individual courses as a standalone. Below are the non-real estate courses included in Life Mastery University:
Kris Krohn's The Art of Breakthrough is a 9-step mindset course. It teaches you to replace limiting beliefs with powerful, optimistic ones. They will drive you to succeed in life and business. The Art of Breakthrough costs $997.
Kris Krohn's Partner Profits is a step-by-step guide. It shows how to find the best deals and attract investors in any business. You will learn how you can leverage other people's money to start your own business. Partner Profits costs $997.
Kris Krohn's Advanced Sales & Marketing is a brand-building course. It teaches how to generate leads and close sales using social media. You will also get Kris Krohn's own sales scripts. Advanced Sales & Marketing costs $997.
Kris Krohn's Self Made is a how-to course on creating and growing a YouTube channel. You will learn the tips and tricks that Kris Krohn used to grow his YouTube channel to over a million followers. The course appears to no longer be offered at the moment.
Digital Real Estate VS Real Estate
Investing in real estate is costly and risky. A popular alternative is digital real estate because of its lower costs and risks. To determine which one is best for your situation, here's a comparison of digital real estate vs real estate investment.
Ways to Make Money Investing in Digital Real Estate
These are only some of the most popular ways to make money investing in digital real estate. You should select the best one based on your skills and goals.
Why I Prefer to Invest in Digital Real Estate
I think Kris Krohn's model of using home equity credit to buy homes and create passive income from them is not as good as advertised. This strategy could have worked 10 years ago. However, due to risks from market changes and rising rates, home loans may do more harm than good. Millionaire investor Grant Cardone will tell you this. Buying homes with loans to run a business is a mistake. When the tenant moves out, you're screwed paying 2 mortgages until you find a new tenant. So it is not as risk-free or passive as Kris likes to make it seem.
I believe it's smarter to invest in digital assets, not physical properties. They are less likely to lose value or be affected by market changes. I found local lead generation to be a better model that earns passive income by renting out digital assets. They rank on Google. So, they generate leads for small business owners who pay month after month, year after year. It is much better than finding tenants and hoping they stay with you long-term. Your lead generation business is feeding small business owners with customers. So, you don't have to try hard to keep them. They'll stick with you because you keep their business going.
I do not have to deal with issues like property maintenance or occupancy rates. This frees up time to focus on scaling the business. Today, I have multiple sites that earn me $52K per month in total. This is why I prefer more scalable local lead generation business model over real estate investing.
I like the idea of having some additional income in retirement by have paid off rentals with positive cash flow. And I like being able to provide tangible service to people looking for a place to live. I just have to remember that it is still a business and hope I don’t have tenents with multiple personalities.
Hello, I’m Eric Castle a 15 year old. The plan in my head was that at 18 I was going to California. Santa Maria. What do you recommend for education I should do right now. Should I become a real estate agent then invest. Should I get a real estate license. Should I get a loan officer license. I want to do real estate and become financially free. What do Ido.