From Kris Krohn: A client was thinking about putting 80K into one of our REIC REO pools. In this pool we are buying real estate in 35 different states at often 90% discounts from what they were sold at two years ago. I bought this one house for under $7,800 and it sold two years ago for 150K. Homes like this had one of my clients very interested, but he was concerned because I take half the profit for getting him in. Once in a while I meet people who don’t like this idea because they want to make most of the money. This caused me to have a brief second thoughts. The same time I was interacting with this client, I was reading Atlas Shrugged by Ayn Rand and came across the concept of “ethical egoism.” I became convinced that the best insurance policy on the success of our REO pool is making sure that the deal is also good for me. Well, after reading and analyzing that concept, I re-focused and told the client (in confidence!) that we set up the business not only for the success of our clients but also for me! To benefit the client and myself, the operation succeeds and we all win! It is important for me to create win-win situations especially when we are buying hundreds of homes at a time for 10 cents on the dollar. When I am watching out for my own best personal interests, it allows me to build the success I need to help others create their own personal success.
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“Got a check for 80K for 90% discounted real estate because a thought from a book I just read…”
Would you like to increase your retirement?
“Would you like to increase your retirement account this year by over 102K by just working the next 2 months on the side?” Those of you who attended the Tuesday night’s Business Developer meeting heard about the 65 day challenge. This challenge is for anyone!! We are giving away 102K of company stock to EVERYONE who participates. If you have any questions, for immediate assistance contact Rod Walgamott at rod@reicglobal.com and he’ll send you a link to our Business Developer webinar.
“Retirement? Good luck with that.”
Occasionally I’ll surf the web, read up on celebrities (aka the latest Tiger updates) or watch highlights on the gold medal winners on the Olympics. However, as I was scrolling down the MSNBC.com website, my eyes drifted a little to the right to a headline link ” Retirement? Good luck with that.” So much sarcasm in that one line! A little bit curious, I clicked and started reading.
“…It’s not just investments that are the problem: Social Security needs financial resuscitation, and the bursting of the housing bubble that helped spark the financial crisis vaporized the home equity many people were counting on to fund their golden years. Corporations are curtailing traditional pensions, and older Americans are being forced to work longer to make up the difference…Ask a middle-class American when he plans to retire, and more often than not you’ll get a wry chuckle and “I’ll be working until I die.” The attempt at humor masks what may be close to reality for some people.”
And then the key question comes up. “Where does this leave our retirement plans?” Really. Where does this leave our retirement plans? A collective $2.8 TRILLION disappeared from 401K and IRA assets in 2008 alone. Those of us who were little by little putting money away into 401K’s and IRA’s have lost faith in the system and are now trying to scramble to find ways to make up for that substantial loss. If you know any of us at REIC, we don’t believe in the traditional retirement methods so popularly advertised around the country (ex: 401K’s and IRA’s) . In fact, most of us don’t have one. And if we did, we liquidated that sucker and put it in real estate, but not just any real estate. The Strait Path Program. The proven system takes the least time, effort, and risk, creates the most value for society, and generates the greatest profits than any other strategy. It’s proven to work in every market, especially down markets. 
Kris Krohn to participate in The Big Business and Technology Expo at McKay Events Center in Orem, UT
Kris Krohn of REIC Global will join a panel of seven local business leaders as part of the featured keynote event at The Big Business and Technology Expo, both February 23 and 24 at noon at UVU’s McKay Events Center in Orem.
“Utah Valley is a great place to be an entrepreneur,” Krohn said. “I am excited to share that enthusiasm, and my secrets for success, to an audience of business leaders still looking for solutions.”
Krohn founded Real Estate Investment Companies (REIC) in 2007. Since then REIC has helped more than 300 investors invest $30+ million in bargain real estate, both in Utah and nationally, with his proprietary “Strait Path” investment system. He was a successful entrepreneur in his early 20s, and was recently named one of the “Ten Coolest Entrepreneurs” by a local publication. His book, The Strait Path To Real Estate Wealth, will be released later this year.
Other panelists include Michael Alvarez of Avantar, Brian Ford of 8 Pillars, Rich Christiansen of Bootstrap, Mabel Alarcon of Savvy Apparel, Ryan Caldwell of Entice Labs and Oliver Bigler of eHarbor. The lunchtime event will begin at noon each day. Lunch and the keynote are free with Expo admission.
“We feel like behind every great business community there is a backbone of great entrepreneurial mentors,” said Kendall Bennett, organizer of the Expo. “This event will provide more of that. It’s great to hear how successful people think and I think it will be invaluable to the people who enjoy it. These are great folks.”
- What: The Big Business and Technology Expo
- When: Both February 23 and 24 at noon
- Where: UVU’s McKay Events Center in Orem
- Cost: $5
- On the Web: http://www.uvexpo.com/biztechshow/
How REIC is affecting the economy
A few weeks ago, Randy Davis, one of our employees, sent an email to Kris Krohn about his feelings about REIC and how he felt REIC was positively affecting the economy. He wrote:
I spoke to Kris Krohn the other day about how I felt REIC was affecting our economy. I feel that the work REIC is doing is directly affecting the local economy. Each time we bring a new member into REIC and they pay their membership, the work begins! They are taught simple yet effective strategies to help them change what they are currently doing to improve their financial outlook. Then, once they begin investing, additional monies are put to work in this economy to help members improve their net worth. Hundred of thousands of dollars are infused into the economy by refinancing and/or purchasing new mortgages. Banks are helped, loan officers, real estate agents, coaches, title companies, and property managers are employed to fulfill the needs of the investors/members. New jobs are created and dollars are put into the system allowing for car loans, house payments, groceries, medical bills, etc. to all be paid because REIC is stimulating this change.
Six new companies have been formed since the beginning, less than three years ago. Employees of these companies work hard for the investing members rendering important viable services to each REIC member. In addition, hundreds of families are provided housing at fair market prices and the results are that through an education process these home owners are taught how to repair their credit and budget their money so they can be more productive citizens in their communities. They become more self reliant and they are given opportunities to become investors themselves. In addition, members are encouraged to improve their lives through personal improvement programs and concepts. This also brings additional dollars into the economy, while improving the lives and the net worth of the members. Once an individual becomes an REIC investor, the opportunities are immediately available for improving their lives in these areas.
I mentioned that REIC investors are actively increasing their own individual net worths by hundreds of thousands of dollars. Within much shorter time frames than government or other typical investment means these investors can be totally self-sufficient, independent of government retirements, etc for their future well being. REIC has helped hundreds of investors get back on track to accomplish these things while simultaneously bolstering the economy.
Now that REIC has moved to a national focus, it can provide these opportunities to other people around the country and improve the local economies there. I have also witnessed REIC collecting hundreds of cans/pounds of food from employees, investors and seminar attendees to help the local food bank feed families. I am proud to be an employee and a member of an organization like this.
Check out our new REIC Global Website!
REIC Global has launched a newly designed website to serve current investors and teach others how to achieve true real estate success with the Strait Path real estate investment system. The new website, www.reicglobal.com, welcomes anyone nationwide to learn about REIC Global through free online content, in-person events, online seminars and live webinars.
The website redesign includes a new REIC logo and tagline, “Learn Real Estate, Do Real Estate.” REIC Global is not just in the education business — the company actually helps people invest in real estate.
“We want to give our current clients and potential investors an informative and user-friendly Web experience,” said Kris Krohn, President of REIC Global. “The new design is informative and interactive. The site truly invites people to join us on the path to real estate success, and we want everyone to feel welcome to become part of the REIC team and family.”
Key features of the new website include:
• Free instant online seminars
• Immediate access to free downloads about real estate investing
• A link to the REIC Global blog, featuring current news and tips
• Investor testimonials
• Easy access to rich media content including podcasts and videos
REIC Global takes investors by the hand and helps them replicate a pattern of real estate success. In the last 12 months, the company has helped club members transact tens of millions of dollars in real estate. The new REIC Global website at www.reicglobal.com furthers that goal on a national scale.
Check it out!! We’d love to get some feedback from you.
What it takes to be great
Geoffrey Colvin, senior-editor-at-large for Fortune magazine wrote an article back in 2006 entitled “What it takes to be great.” He looked at figures like Warren Buffet and other exceptional individuals in their respective professions.
He wrote: “What made Berkshire Hathaway (Charts) Chairman Warren Buffet the world’s premier investor? We think we know: Each was a natural who came into the world with a gift for doing exactly what the ended up doing. As Buffet told Fortune not long ago, he was “wired at birth to allocate capital.” It’s a one-in-a-million thing. You’ve got it-or you don’t…
Well folks, it’s not so simple. For one thing, you do NOT possess a natural gift for a certain job, because talented natural gifts don’t exist. (Sorry, Warren.) You are not a born CEO or investor or chess grandmaster. You will achieve greatness only through an enormous amount of hard work over many years. And not just any hard work, but work of a particular type that’s demanding and painful. Buffet, for instance, is famed for his discipline and the hours he spends studying financial statements of potential investment targets.
The good news is THAT YOUR NATURAL GIFT IS IRRELEVANT-TALENT HAS LITTLE OR NOTHING TO DO WITH GREATNESS. YOU CAN MAKE YOURSELF INTO ANY NUMBER OF THINGS, AND YOU CAN EVEN MAKE YOURSELF GREAT…THE FIRST MAJOR CONCLUSION IS THAT NOBODY IS GREAT WITHOUT WORK…The critical reality is that we are not hostage to some naturally granted level of talent. We can make ourselves what we will. Strangely, that idea is not popular. People hate abandoning the notion that they would coast of fame and riches if they found their talent. But that view is tragically constraining, because when they hit life’s inevitable bumps in the road, they conclude that they just aren’t gifted and give up. Maybe we can’t expect most people to achieve greatness. It’s just too demanding. But the striking, liberating news is that greatness isn’t reserved for a preordained few. It is available to you and to everyone.”
As you’ve heard in our seminars, webinars and other events, real estate is hard. But you can do it! Yes the road will be long, painful and you’ll want to quit. But if you stick to it, you can do some great things; you can fulfill your soul purpose!
For the full article, click here.
2009: A year of learning, building, developing and implementation!
A few weeks ago the REIC executive team met up at the Homestead Resort in Midway. Our meetings began at 6:00 A.M. and we concluded our day at 9 P.M. I am happy to report that we had an amazing experience as we reviewed our activities of 2009 and planned our strategy for 2010. 2009 was a building year. In this article I would like to share with you some of the accomplishments and decisions of 2009 that we are most proud of:
• Signed up nearly 200 new REIC investors.
• Helped our investors purchase 75 local properties.
• Helped our investors close 110 loans.
• Increased overall revenues by over 10X’s compared to 2008.
• We are participating in some kind of a company service project each quarter to build and improve the communities where we do business.
• Created an amazing and sophisticated client tracking system.
• Created an improved comprehensive consulting/coaching program.
• Created 6 committees which tap into the intelligence, passion, genius, and creativity of our executive team.
• Created a book that will become a national best seller and that consolidates everything that REIC teaches into one source. This will be the “go to” guide for all our investors.
Wow! I need to catch my breath! 2009 has been a year of learning, building, developing, and implementation. 2010 will be a year of execution. The goal is 100% investor satisfaction. And the most important thing in making sure that you as an REIC Strait Path investor are satisfied, is to help you learn the investor mindset and take action to begin or continue your own journey as a real estate investor. As the new year begins and you set your goals and ambitions, please take advantage of all the resources that are at your disposal as an investor in REIC.
I wish you the best as the year comes to a close and hope for your success and happiness in the New Year!
Sincerely,
Steve Earl, CEO
1.7 Million Homeowners Face Foreclosure
A report out today reveals that 1.7 million homeowners are on the verge of foreclosure according to First American CoreLogic. The number is up dramatically from 1.1 million one year ago.
These statistics reveal that an astounding number of U.S. homeowners will be foreclosed in the next couple of years. For REIC, the numbers mean two things:
1. More foreclosures will continue to enter the market, drive prices down, and create an ideal climate for purchasing investment properties.
2. Millions of foreclosed individuals will need a place to live.
These two factors make right now an ideal time for REIC’s secret recipe to success. REIC helps investors purchase foreclosed properties at a discounted price, and then rent the homes to tenants who hope to gain homeownership again in the future.
Today’s climate is perfect to practice compassionate investing, so join us for a free seminar or webinar to learn more about REIC.
Strait Path System: Phase Two: Find!
The Strait Path™ system dictates that investors purchase only single family homes with three bedrooms or more and with at least 15 percent equity. Finding these deals is a function of four keys: 1) knowing where to look, 2) knowing how to look, 3) knowing what properties to look for, and 4) speed.
Look in the Right Place
Other real estate systems teach you to look where every other investor is looking: auctions, short sales, foreclosures, fixer-uppers, etc. Since the competition is stiff in these arenas, it’s extremely difficult to succeed. In contrast, we find properties on the largest listed property database. When used properly, it saves tons of time and effort in the finding process.
Look in the Right Way
Our system uses strategies for combing through piles of data to extract only the best deals. What’s more, you don’t even have to look yourself when you use realtors to find properties for you. When done the right way, 95 percent of the finding work is done by other people.
Look for the Right Properties
We’re very strict about our criteria for purchasing homes. Since we only buy the most wanted real estate (entry level up to the median), we’re far less affected by market swings and we always have a market for our homes no matter how bad the market is. Also, we only buy homes in livable condition; we don’t waste our time and energy on fixer-uppers.
The Power of Speed
Our system allows you to find the best deals before anyone else. These deals are, quite literally, here today and gone tomorrow, which means that we must be prepared to act on them immediately. We’re usually one or two days ahead of the competition on the properties we find, which is a rarity in the highly competitive market of short sales and foreclosures.
Negotiating is also a critical aspect of speed. Traditional negotiations take days, and sometimes weeks. Our system eliminates the common back and forth and seals the deal the same day, before other offers can come in.
