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- Company Description
- Press Release: December 8, 2009
- Press Release: May 12, 2009
- Kris Krohn Featured in Utah CEO Magazine
- Kris Krohn Featured in Utah Valley Business Quarterly
- Kris Krohn Speaks at Big Business and Technology Expo in Orem
- Kris Krohn Featured on BiggerPockets: Housing Cents: When a Lease Option Makes Sense
- Kris Krohn Interviewed on Real Estate in Focus
- Kris Krohn quoted in FamilyGoesStrong
- REIC mentioned in Utah Valley Business Q
Real Estate Investment Companies (REIC) is the first real estate investment company to focus on the triple win of compassionate investing. By helping investors, tenants, and community, the company offers more than typical real estate programs. REIC takes investors by the hand, helps them find and purchase investment properties, and then continues to guide them through the process of increasing wealth.
REIC teaches Strait Path™ real estate, which was created after analyzing and experiencing virtually every form of real estate investing. The average REIC client enjoys a more than 50 percent annual return on investment, purchases investment properties with at least a 15 percent discount and often increases his or her net worth by $50,000 with each investment purchase.
REIC’s game plan is to help investors accumulate enough free and clear real estate to create a sufficient cash flow to meet their individual retirement needs within a 10 to 15 year time frame.
REIC executives and staff personally own hundreds of properties — they do what they teach.
The REIC method is to take their investors by the hand and help them replicate the pattern of success. In the last 12 months, the company has helped club members transact over $15 million dollars in real estate.
Instead of focusing solely on profit, REIC leads tenants down the path to homeownership in a few short years. The company offers financial education, encourages tenants to fix their credit problems, and assists them on the path to financial freedom.
As a result, tenants are more likely to improve the property and the community they live in, becoming active participants instead of unreliable renters.
In late 2009, REIC expanded to include investors nationwide. Their membership currently support more than 300 members.
Click Here to Download a PDF of this Press Release
Real Estate Investment Company Supports Investors, Tenants and Communities
December 8, 2009
REIC (www.reicglobal.com) announced today the company is expanding to include investors nationwide. REIC was founded in Utah in 2007, and during the first two years in business, the company and its investors have purchased more than $71.3 million in residential real estate.
Now, REIC will serve investors throughout the United States by holding Webinars to teach members how to successfully purchase homes and rent to tenants who are enlisted in REIC’s Homebuyer Assistance Program to facilitate the purchase of the home in a few short years. REIC offers more than typical real estate programs by taking investors by the hand and walking them through the investment process.
“The reception to REIC has been outstanding over the past year and we have added members by the hundreds,” said Steve Earl, CEO of REIC. “As we fielded interest from other states we realized we could easily use modern technology to serve investors anywhere instead of limiting the opportunity to our local area. Rather than simply selling a book or
seminar, at REIC we take investors by the hand and work with them individually to purchase real estate and increase personal wealth.”
REIC teaches compassionate investing — a concept that helps members increase wealth while turning tenants into homeowners and building stable communities. In the past year, more than 25 members per month have joined the program, and total club membership has increased by 500 percent in the past 12 months.
“Our goal is to help investors accumulate enough free and clear real estate to create the cash flow to meet their individual retirement needs within 10 to 15 years,” said Kris Krohn, REIC President and Founder.
Instead of focusing solely on profit, REIC investors use Compassionate Financing to lead tenants down the path to home ownership in a few short years. Tenants receive financial counseling, learn how to fix their credit problems, and attend other online classes to assist them on the path to financial freedom. As a result, tenants are more likely to improve the
property and the community they live in, becoming active participants instead of uninterested renters.
REIC holds free informational Webinars to further introduce the company and their investment strategy. REIC invites all media or potential investors to attend their Webinars.
Click Here to Download a PDF of this Press Release
May 12, 2009
Real Estate Investors Club (www.reicutah.com) announced today the company has experienced exponential growth in members, employees and the number of real estate properties owned by their clients over the past year. The company was founded in 2007 to serve Utah County, and now serves Salt Lake and Davis Counties as well. During its first year in business, the company and its investors have purchased more than $33 million in residential real estate.
REIC is the first real estate investment company to focus on the triple win of compassionate investing. By teaching compassionate investing to help members increase wealth, turn tenants into homeowners and build stable communities, the company offers more than typical real estate programs.
“We take investors by the hand to help them find and purchase investment properties, instead of just selling them a book or a program,” said Steve Earl, CEO of REIC. “We call our program compassionate investing because instead of just trying to make a quick buck, we look for tenants who need to get back on their feet and want to work towards home
ownership. As a result, we are improving properties and communities in Utah on a long term basis.”
In one year, REIC has grown from 6 to 22 full-time employees and more than 40 commission-based employees. More than 25 members per month are joining the program in Utah, and total club membership approaches 300 after just one year.
“Our goal is to help investors accumulate enough free and clear real estate to create a sufficient cash flow to meet their individual retirement needs within a 10 to 15 year time frame,” said Kris Krohn, REIC President and Founder.
Instead of focusing solely on profit, REIC uses Enlightened Financing to lead tenants down the path to home ownership in a few short years. The company offers free financial counseling, shows tenants how to fix their credit problems, and assists them on the path to financial freedom. As a result, tenants are more likely to improve the property and the community they live in, becoming active participants instead of uninvested renters.
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Excerpt:
“Kris Krohn’s real estate empire began with a tiny rambler in Provo. He found it after being inspired one day — ‘other people might call it luck,’ he says — to drive home via a different route. He parked alongside a curb where a for-sale-by-owner sign had been posted in front of a small home, and, as he explains it, ‘I just felt like I needed to go and approach the person that lived in that home.’ Krohn was nervous — he had no real estate training — and the woman who answered the door initially didn’t treat him seriously. Nonetheless, he says, ‘I came out of the house 10-15 minutes later negotiating to buy it for what I found out later to be a very good price.’ When he sold it a short time later and made $50,000 on the deal, he says he gained ‘the confidence knowing that if I did it once I could do it again.’
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Excerpt:
“By the time Kris Krohn finished his undergraduate degree at BYU, he owned a diploma, 12 real estate properties and a boat load of successful investment companies. Today, the real estate mogul personally owns more than 400 homes (yes, there are two zeroes after that four), and he’s making like a sensei and helping others master the art of real estate with REIC. What recession?”
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February 24th 2009 Kris Krohn spoke on a panel of five local successful entrepreneurs about how to win big and be successful in this current economy. REIC is currently “exploding” as the young founder put it because “the worse the economy is, the better it is for real estate. We have an opportunity that we haven’t experienced in real estate since the Great Depression.”
With so many banks going out of business the current market is ideal for individuals interested in successful real estate investment if you know what you are doing. Krohn is founder of Real Estate Investment Companies; an organization which teaches people how to invest successfully in real estate over a 10 year period of time to maximize realistic retirement.
For further PR communications,
Contact John Pilmer of PilmerPR at (801)369-7535 or jpilmer@pilmerpr.com
Kris Krohn Published in BiggerPockets
BiggerPockets, a large, real estate-focused website reaching 115,000 unique visitors per month, has published a recent article by Kris Krohn entitled Housing Cents: When a Lease Option Makes Sense. Examples of when it makes sense to consider lease option include: When you have a down payment; When you want to build equity; When you have bad credit but need a large, private dwelling; When you want to renovate or change the house; When you want to lock in the sales price of the home.
Click here to download PDF of article
Kris Krohn interviewed on Real Estate in Focus
Kris Krohn’s interview on Real Estate in Focus, from Saturday, April 24, 2010, is now available online. It was a very positive interview, taking up the entire hour, and focused on his upcoming book The Strait Path to Real Estate Wealth.
Real Estate in Focus airs on the Access Radio Network, which is broadcast to 21 radio stations, nationwide.
You can listen to, or download the podcast, here:
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Kris Krohn quoted in FamilyGoesStrong
Kris Krohn was quoted recently in a great article on FamilyGoesStrong.com about lease options. Family Goes Strong is a division of Life Goes Strong, “the premiere network of sites for mid-lifers who are living well and still going strong.”
Click here to download PDF of article: Why Rent to Own May Be Your Best Deal
Click here to read article on FamilyGoesStrong: http://www.familygoesstrong.com/why-rent-buy-may-be-your-best-deal
REIC mentioned in Utah Valley Business Q
REIC’s national expansion is mentioned in the Spring issue of Utah Valley Business Q. Click here to read the quote: http://utahvalleybusinessq.com/spring2010/index.html (page 65).
