Kris Krohn has gained a well-known reputation in the real estate industry for his innovative real estate investment strategies and educational content. With his "lease option" strategy, you can learn how to control property while earning monthly with little to no money down. Krohn's strategy focuses on building wealth through long-term real estate investments, advocating for a buy-and-hold approach to create a portfolio of income-producing assets. Real estate investment is a highly risky venture that requires large capital. Inflation, interest rate hikes, housing shortages, local policies, and more can affect rent income.
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. Positive reviews mostly point out the effective training and helpfulness of Kris when partnering with him. Negative reviews point out refund issues and lack of support and subpar performance of Kris' team.
In this article, you will discover all about Kris Krohn and his real estate programs. I will discuss his "lease option" strategy, his training programs, partnering with Kriss, and other courses offered in his Life Mastery University subscription. You will also learn whether you should build or buy a house, as according to Kris Krohn, and why I prefer investing in digital real estate.
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
The Lease Options Pro training bundle comes with a 90-day refund guarantee with conditions.
Reputation
Kris Krohn has a mixed reputation.
What Is Kris Krohn’s Lease Option Strategy?
Kris Krohn’s lease option strategy is a combination of seller financing and purchase option agreement with elements of a lease agreement. This strategy allows you to control the property with little or no money down while 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 Are Kris Krohn’s Real Estate Programs?
Kris Krohn offers 2 training programs 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.
Lease Options Pro
Lease Options Pro is a training bundle that teaches real estate investors Kris’ unique 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:
10X Real Estate
10X Real Estate is real estate training that 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
Real Estate Maverick
Real Estate Maverick is a done-for-you real estate investment program where you get to make money passively, while Kris Krohn’s team does all the work for you. His 200+ person team will do the research, buying, and management of properties. You will take the role as a passive investor by providing capital. How much you earn depends on how much you invested 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 Do People Say About Kris Krohn?
Reviews are split when it comes to Kris Krohn. One half praises what they learned from his training programs and that it helped them make large profits in their real estate investments. Most of these reviews are from experienced real estate investors who apply Kris' advanced strategies. The other half complain about the lack of support from Kris' team, especially with the partnership programs and refunds.
A BiggerPockets user, Ryan Rice, explained how he had a great experience partnering with Kris John. He mentioned that half the properties that he partnered with Kris rented for more than projected, while the other half was on estimates.
Unfortunately, not all have positive experience working with Kris Krohn’s team. Shaun Sidey posted his experiences where the team replaced the partnered deals multiple times, much to Shaun’s disappointment. The team refused to give any refunds and Shaun has had problems getting any support regarding this.
Employee reviews for the parent company, Uplife Group, are also mixed with a 3.1/5 rating on Indeed. This review from a former video editor complained about the stressful environment with impossible turnaround times and disorganization with management. Another former employee pointed out on BiggerPockets that the investors take 100% of the risks by providing the funding, while Kris takes 50% of the returns.
Who Is Kris Krohn?
Kris Krohn is a real estate investor and educator from Orem, Utah. He officially transacted over 6,500 real estate deals with an average ROI exceeding 34%. Kris Krohn is the founder of Uplife Group, which is the parent company that handles his real estate training and services. He also authored multiple real estate investment books, including best-selling titles “The Strait Path to Real Estate Wealth” and “Time Machine: Five Decisions to Accelerate Your Success Timeline and Live a Thousand Lives.”
Kris purchased his first property while studying human development at Brigham Young University in 2003. By the time he graduated in 2006, he had 25 properties. He started offering turnkey real estate services in 2007. In 2015, he went all in into 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. He has been featured in several publications, like Forbes and Miami New Times.
SEC Complaints Against Kris Krohn
On July 6, 2012, The SEC charged Kris Krohn and two others with offering fraud. Under the company Alpha Real Estate Holdings, Kris and his accomplices initiated four unregistered offerings of securities from January 2009 to June 2011. As stated by the SEC: “The four offerings raised a total of approximately $11.9 million from approximately 169 investors.” Kris and his associates stated that the properties had a market value of $15 million, when in reality, the valuation ranged from $2.9 million to $12.2 million. They did not disclose that the $12.2 million value was based on undocumented internet-based valuations. They also did not disclose the existence of other valuations, including the $2.9 million estimate.
The parties settled the complaint on August 7, 2012. Kris Krohn and the other defendants agreed to inform their investors of the judgment, offer full refund to those who choose to withdraw from the investment, and pay civil monetary penalties of $75,000 each.
What Is Life Mastery University?
Life Mastery University gives you access to all of Kris Krohn's courses and masterclasses, including the real estate training programs. It costs $4,997 to join. You can also buy the individual courses as a stand-alone. Below are the non-real estate courses included in Life Mastery University:
The Art of Breakthrough
The Art of Breakthrough is a 9-step mindset course that teaches you how to replace your limiting beliefs with powerful and optimistic beliefs that will push you to succeed in your life and businesses. The Art of Breakthrough costs $997.
Partner Profits
Partner Profits is a step-by-step guide on how to find the best deals and attract investors in any business. You will learn how you can leverage other people's money into starting your own business. Partner Profits costs $997.
Advanced Sales & Marketing
Advanced Sales & Marketing is a brand building course on how to generate leads and close sales. You will learn how to generate unlimited leads using social media. You will also get Kris Krohn's own sales scripts. Advanced Sales & Marketing costs $997.
Self Made
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 own YouTube channel to over a million followers. The course appears to no longer be offered at the moment.
Kris Kronh's Real Estate Advice: Build or Buy A House in 2024?
Pros & Cons of Building a House in 2024
Building a house in 2024 allows you to customize the design according to your needs and preferences. It also allows you to incorporate technology into the design and use energy-efficient materials that help you save on costs. On the downside, it's more costly because of the price increase in construction materials like wood, concrete, insulation, steel, and electrical components. Homeowners should also prepare for construction setbacks and delays which could add up to the overall construction cost.
Overall, Kris anticipates a steep increase in the overall cost of building a home. He estimates that building a home in 2024 would cost about 25% to 28% more now compared to building pre-2020.
Pros & Cons of Buying a House in 2024
Buying a house in 2024 might be cheaper than building one because of the high costs of building materials and labor. It also 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 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 landscape is more favorable for buying, considering the increased costs of building new properties. He specifically pointed out the high cost of materials and labor as the main reasons he advises buying homes rather than building them. Kris also factored in the recent decrease in interest rates, which will probably stimulate market demand for real estate properties. He emphasized the potential for financial gains in real estate investing, especially for those who want to grow their assets in the future.
Why I Prefer to Invest in Digital Real Estate
I think Kris Krohn's model of leveraging home equity credit to acquire homes and create passive income from those homes is an "okay" business model. This strategy could have worked 10 years ago, however, with the new changes in the market and the rise of interest rates, starting a real estate biz with home loans might do more harm than good.
Grant Cardone himself will tell you that buying homes from loans and turning it into a business is a mistake because when the tenant moves out, you're pretty much screwed paying 2 mortgages until you find another tenant. So it is not as hands free as Kris like to make it seem.
I have nothing personal against real estate investing. However, in this digital era, I believe it i smarter to invest in digital assets rather than physical properties that incur expenses and depreciate over time, and cost around $250K to start.
My mentor Dan, came up with a better model that earns passive income on the internet through digital real estate (like websites). These properties are ranked on Google, so they generate leads for small business owners that pay month after month, year after year.
It is much better than finding tenants and hoping they stay with you long-term. Your lead gen business is feeding small business owners, so you don't have to exert much effort in keeping them. They'll stick with you long-term because you keep their business going.
We're literally doing the same thing Uber & AirBnb is doing, which is coming up with a piece of technology that connects buyer with service provider and earning a small percent from each sale.
Local lead generation has given me financial freedom after multiple figure income over the internet. Most importantly, it has given me the ability to scale the biz by repeating the process and building more digital real estate that add up to my portfolio.
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.