All Forum Posts by: David Kitchen

His Unleash Your Financial Destiny live events are mostly about knocking down mental self imposed road blocks that have been there since we were children. They are 4 days long and I have seen them advertised for $497 for 1 ticket. 

 Thanks Taylor for the response!

On demand Cash flow is always available in the market by selling options. Other than that point, I agree with everything else you stated.

Pertaining to Kris Krohn: (As of 2/25/2020)

To partner w KK and his team, its $10k to $25K to join his partnership program (he has 3 levels) then $2K to $5K Acquisition Fee Plus the 50% equity split per property. So this ends up being 10% to 12.5% annually for the passive partner that put up the credit and money. (Don't forget to split the 20% to 25% K shows by 50%)

His (KK) minimum expectations are:

1. 20% Annual Net ROI Per Property Per Year
2. 8-12% Cash on Cash ROI Per Property Per Year
3. Average Value of Properties $150,000.00
4. Average Down Payment on Properties $30,000-$60,000 (range between cash flow markets and growth markets)
5. Coordination Fee Per Property of $2,000-$5,000
6. SWAN Account Formation of $10,000 For The First Property and $5,000 Per Property After That (Sleep Well At Night Account)
7. Minimum Duplication of Portfolio: Double Your Portfolio Size Every 5 Years

Group,

I dont know about doing RE or not. I know BP is all about RE (which is awesome), but look at what the stock market did today (2/24/20) for example. I went into my PM brokerage account (using my smart phone) and placed a simple trade at noon today. Then about two hours later was up about $34.2K. Amount at risk would be $300K and the max profit on the trade is around $75K or 25% which would be realized by this Friday. (5 days total). And all I'm doing is sitting here watching my cell phone screen. I can exit the trade at any time the market is open to take the open profit or wait to see what happens leading up to friday.

I can take the profits from here and repeat this trade again and again. Just like KK teaches, right!? He says take your profits within 3 to 7 years by selling the properties, then just reinvest by buying more. Same theory here except I can do this on a weekly basis. But I would NOT be giving up 50% of the profits, no acquisition fees, and no $10K to $25K to join a partnership program.

Group,

I dont know about doing RE or not. I know BP is all about RE (which is awesome), but look at what the stock market did today (2/24/20) for example. I went into my PM brokerage account (using my smart phone) and placed a simple trade at noon today. Then about two hours later was up about $34.2K. Amount at risk would be $300K and the max profit on the trade is around $75K or 25% which would be realized by this Friday. (5 days total). And all I'm doing is sitting here watching my cell phone screen. I can exit the trade at any time the market is open to take the open profit or wait to see what happens leading up to friday. 

I can take the profits from here and repeat this trade again and again. Just like KK teaches, right!? He says take your profits within 3 to 7 years by selling the properties, then just reinvest by buying more. Same theory here except I can do this on a weekly basis. But I would NOT be giving up 50% of the profits, no acquisition fees, and no $10K to $25K to join a partnership program.

 Andrew,

Don't forget the $10k to $25k to join them plus $10k swan account on 1st property plus $5k on the second property.  Don't forget to factor in these mandatory cost of $25K to $40K. 

This is from 2018. Most of the properties cash flow less than $300. So the passive partner gets $150 / month.

(Sorry for the distorted image. My original image is crystal clear)

@Randy

@Andrew

Average Cash Flow is a little north of $300. (And remember.... you give 50% to KK). This is directly out of his track record from 2018.

To partner w KK and his team, its $10k to $25K to join his partnership program (he has 3 levels) then $2K to $5K Acquisition Fee Plus the 50% equity split per property. So maybe ends up being 10% to 12.5% annual for the passive partner. (Don't forget to split the 20% to 25% K shows by 50%)

His minimum expectations are:

1. 20% Annual Net ROI Per Property Per Year
2. 8-12% Cash on Cash ROI Per Property Per Year
3. Average Value of Properties $150,000.00
4. Average Down Payment on Properties $30,000-$60,000 (range between cash flow markets and growth markets)
5. Coordination Fee Per Property of $2,000-$5,000
6. SWAN Account Formation of $10,000 For The First Property and $5,000 Per Property After That (Sleep Well At Night Account)
7. Minimum Duplication of Portfolio: Double Your Portfolio Size Every 5 Years