And then I really got immersed into it and my whole company got immersed into it. And at the same time, running my business, growing the company, buying assets. Ken McElroy, We said, Lets designate a bunch of money from our properties into these foundations and bring on this director [of philanthropy], which we did. And so, I remember that my mentors were authors. In this episode, Ken talks about his unbelievable journey and his steps to go from property manager to property owner. . On your own asset, maybe you only have one at a time. Id love for my audience to learn more about you. For over two decades, Ken McElroy has experienced great success in the real estate world through investment analysis, acquisitions, property management, and property development. Investing Calculators It just didnt matter. Ken got his start during college, when he took a job managing an apartment complex. [] Please watch or listen to the full episode here. Take advantage of my community forum, where you can connect with people just like you. And so, all the profits of Lifestyle Investor have gone to an organization. Ken McElroy, author of "ABCs of Real Estate Investing" says, "The inflation rate was 9.1% in June, it's 7% now. Day 9. Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. Life on tour isn't much of a theme in and of itself . I dont think I underpaid. I included another book by Ken McElroy, . Its in a 55-age restricted community. I didnt know any better. Ken McElroy was born in United States on June 1, 1934.. On Popular Bio, Ken McElroy is one of the successful Criminal. Here are a few principles about property investing we need to get out on the table right now: The seller's asking price is irrelevant. Ken McElroy: I appreciate it. So, when you are willing to do it and when you have the resume to back it up or the reputation to back it up, it is much easier to raise money. He grew up in a family that was below middle class, even in some cases, and lower than that. Ken oversees the company's asset portfolio and leads the day . But what really happened, which was really interesting was we had quite a bit of money in the foundation and then the pandemic hit. learning, playing and networking until we pack up and go home on Wednesday, June 14th, 2023. Photos not available for this variation. I wanted to learn how to articulate from stage and I wanted to see the world. And then as you would imagine and not by any kind of design, that attracts a different kind of employee. So, it was, Hey, figure out a way to go to college and to pay for it. 2,148 Followers, 954 Following, 524 Posts - See Instagram photos and videos from Danielle McElroy (@daniellemmcelroy) Robert Kiyosaki, the author of the renowned bestseller Rich Dad Poor Dad, refers to him as a Rich Dad advisor. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Grab The 10 Commandments of Lifestyle Investing I used to multiply my net worth to over eight figures in under two years (and doubled two years right after). Ken got his start during college, when he took a job managing an apartment complex. It is like the same excuses, almost exact. Ken got his start during college, when he took a job managing an apartment complex . The Advanced Guide to Real Estate Investing - Ken McElroy 2013 If you're interested in real estate investing, you may have noticed the lack of coverage it gets in mainstream financial media, while stocks, bonds, and mutual funds are consistently touted as the safest and most profitable ways to invest. And when I was young, I was like, I dont want to do that. I wasnt asking to like go give time somewhere or go donate somewhere. Summary. Watermark-Free Sample Forms Coupons are always real-time. I didnt know how I was going to do it: $2M down and $7M in debt, roughly. And if you look at our website, its to invest, to live, to play, to give. Ive just had so much fun getting to know you and learning more about your story. 3) Employment, Population, and Location. His name was Leonard Litwin. Ken McElroy: Yeah. As my friend says, Way leads the way leads the way. Its just things connect as you get into motion. So, I brought them to a bunch of places as my kids were grown up and just kind of made it a family affair. Ken McElroy on the Art of Entrepreneurship. Its really an incredible thing that theyre doing and it gives me so much joy to see the impact that this focused energy and really just the book itself has been able to create. Ken has held many board positions with the Arizona Multi-Housing Association with the most recent as past Chairman of the Board. And if you guys know anybody that is interested, let me know. And so, I got a referral. Well, each kid I brought up, we summited. And thats just really just taken off. I actually just need to go find the deals. And then, of course, philanthropy comes from there. And for what its worth, I loved your book. I started small and made small mistakes, but I was in the property management business. Whether you want to write your own deals, learn to syndicate, or be a passive investor, my Real Estate Investing Master Course is made for you. Even though he didnt invest, the lesson from him was invaluable because youre asking all the wrong questions, youre doing all the wrong things, youre looking at all the wrong things and you have all the wrong assumptions, and you think you do but you dont. Youll learn why not having enough money is a limiting belief thats holding you back, why relationships are the key to success, and how to take advantage of lifes unexpected opportunities, so you can live the life of your dreams. Day 1. A dedicated educator and a heck of a nice guy, Kenny is a Summit favorite, and we're . How Ken developed an unexpected friendship with Robert Kiyosaki. In the beginning, Justin, I was going out and saying, Hey, if I find a good deal, would you invest? And the answer was always, Yes, of course, but then when the time came, they were nowhere. So, I didnt have a lot of mentors in investing or entrepreneurship or anything like that. 6 Jun 2023. Click this link to get a free copy of the video notes: Learn more about Ken McElroy and sign up for his video library at: Join Ken McElroy as he explains how investing in cash flow positive real estate investments will have significant benefits as the U.S. economy moves into a more inflationary period. And so, the first one was hard, dont get me wrong, and then I had to work my butt off to prove out the numbers. Well, I think what happened in the beginning, I was a check writer like a lot of people, and I did it for tax reasons and it wasnt really meaningful. I'm enjoying Ken McElroy's content and see he has a RE Master Class for $450. Ken has always been known as a leading real estate investor, but he is also an educator and strives to give back through his educational books and . And I feel like thats exactly what you guys have had. And so, now I love it because Ive come full circle. We had a good time in Dallas, thats for sure. MC Companies. The ABCs of Real Estate Investing - Ken McElroy 2013-02-28 This book will teach you how to: Achieve wealth and cash flow through real estate Find property with . Its always a primary issue in our firm. Ken McElroy 2020-09-29 . Youre super close. We need these changes to our zoning code to support better development patterns that incentivize affordable and sustainable housing. I mean, you hear the right deal and youre in. Obviously, its not perfect. He also was prominent in organizing the Pueblo Businessmen's association, and was regarded here as a real business leader. Now, theyre all podcasts and things like that. Bob Boze Bell True West Magazine, Bio, Wiki, Age, Salary, and Net Worth, Sarah Carey Chef, Bio, Wiki, Age, Wife, Partner, Recipe, And Net Worth, Copyright 2023 | WordPress Theme by MH Themes, List of States in the US, Alphabetical list of States in the U.S., and Abbreviation of States in United States. I had a scholarship but didnt pay for everything. Premium Newsletter In the 90s too. In this week's podcast, Rich Dad Advisor Ken McElroy shares his story of . He . It was a senior and it still is a senior property. And its funny because over time, I kept getting the same answer and finally it clicked for me and that was, Oh, the people that have figured it all out and are really successful in life and are so successful that they dont need to work, theyre spending their time at these charities. Thats probably the best place you can look on there. I was supposed to be there Friday or Saturday, totally forgot. And hes a little bit older than me and has a little more experience, too. It has links to get to the company, which is MC Companies. . 7-13 Jun 2023. And I was scared to death. Ken has transacted over $1 billion in real estate. Ive read every book but it was the first book I ever read on real estate. So, the call right before this was with a lifestyle investor mastermind applicant. And it took me a handful of years to figure out, No, this is holding me back. Where to find Ken McElroy: Website | YouTube | Twitter | Facebook, I started with a two bedroom, two bathroom using my own money like a lot of people, thats how you start. Weve been to Russia, Asia, Australia multiple times, all over Europe, all over the US, Canada, Mexico, Spain, you name it. This is probably $5 or $10 just this one. I go, The deal, its interesting. I go, The bigger the brochure, the worse the deal. And he started laughing and we started saying, kind of to your point, like deals get done almost on a napkin now like the high math. Again, Justin, you just got to like put yourself out there and you just got to put things in motion and anybody listen, I grew up like you very humbly and thinking that this is where I was going to be for the rest of my life, and I just continue to work hard. In addition, he is the author of The Sleeping Giant and The ABCs of Real Estate Investing. Play Audio. Justin Donald: Well, Ken, Im so excited to have you on the show. Its kind of fun. You know, theres all these people wanting all this information, and all of a sudden I had some more investors. So, I got involved with just a simple walk, and I started doing almost like a March of Dimes walk and it was a small growing movement and it grew each year. What you do need is a strong work ethic, solid relationships, and a willingness to put yourself out there! Ken McElroy: Yeah. 5) Now Calculate the Exact Value of the Property. You know, theyre like, Oh, this guy is like buying buildings now, and then the debt guys show up. And he was one of the richest. I mean, just go google it. Ken is passionate about educating others so that they too can experience financial freedom through real estate investing. Its always a primary issue in our firm, and as you would imagine, that attracts a different kind of employee. I mean, any time youre mentioning something with the word billions, you know that youre doing something right. And so, then what we did was we ended up doing partnerships with our vendors. Justin Donald: Thats awesome. Were making money. While I was there, I was offered by a friend of mine and said, Hey, weve got this 60-unit apartment building that you can manage and Ill give you a free rent if you do it. So, Im in like I just said because I was racking up student debt, getting through school. According to real estate guru Ken McElroy, So, I go up on stage. Key Takeaways with Ken McElroy. 14. It was not the phenomenon that it is today. But I also love really what youve done on the charitable side. Price: US $99.99. Also known as: Danielle M Cantwell, Danielle M Mcelny, Danielle Cantwell . Ended: Apr 24, 2023 , 6:11PM. 2) Identify the Demand and Supply. And then for about a year, they passed on everything. And so, thats one of my philosophies. ' And youre like, I kind of wasnt prepared for it but it was my first speaking engagement. But then you went on to do a lot of speaking with him and then also with one of my other favorites, Tony Robbins. I always tell people because when I first started, it took me a long time to get into real estate. But then I actually had some duplexes, fourplexes, and things like that but then I jumped right up and bought a property that I was managing and I still own it. Premium Newsletter So, what I did was I made the downstairs more expensive which drove the upstairs, again, just from being in property management you dont discount the upstairs. Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience in multifamily asset and property management, development. So, we give a lot. he has worked as a Real Estate Investor, Author, and Entrepreneur for over 20 years. Justin Donald: Yeah. [], 2023 Justin Donald | Refund Policy | Privacy | Terms |. Ken McElroy has generated over $750 million investment dollars in real estate. 3pm - 6pm. Right now, I own about not quite 1.5 billion. To learn more about the ins and outs of real estate investing, take a look at my book The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss. I want to know where the people that are doing the thing that I want to do. I would bring them on a lot of those trips. The job ignited his entrepreneurial spirit and his turning point came as he was picking up his check. The book's compelling stories and lessons show why real estate is . Get 59 Ken McElroy coupon codes and promo codes at CouponBirds. Your book, The ABCs of Buying Rental Property, was the third book I read in the Rich Dad Poor Dad series. I mean, in many senses, you guys travel almost everywhere together, which is so cool to see, and you both speak so highly of the other person. Review:The Abc's of Real Estate Investing:Ken McElroy. Ken McElroy: Tell the truth, be authentic, be transparent and it will work out. And then, of course, when I was hanging out with Robert Kiyosaki at the conference we were at, he just spoke so highly of you. Get Your Copy Analyze Deals Like a Professional Investor They've raised interest rates six times and it's only gone down two percent." The good news, as Ken explains, is you can make money no matter what happens in the economy. And thats how I got on the other side and I started doing that in the late 90s and I never looked back. Free shipping for many products! But then the next one is a little bit easier and the next one became a little bit easier, and the deal started getting bigger. You determine the property value, which becomes your offer. Id go there and get there at 5 a.m., help set up, help with registration, whatever I needed to do. The Old 97's. When: 7 p.m. Tuesday. Overcoming the limiting belief that you need money in order to make a deal happen. 4) The 3 Levels Of Research. Ive now written six books. Ken McElroy 2020-09-29 Many Americans dream of financial freedom, but they're stuck in dead- . I love shining a light on Love Justice International because they are stopping human trafficking in 17 countries around the world. And if the deal is good enough, the money will show up. And thats the truth. I've been listening to "The ABC's of Real Estate Investing" by Ken McElroy. . But if I called you up right now and I said, Hey, we buy it for this. The speakers also emphasized the importance of changing one's . I know like, well, I climbed Kilimanjaro twice with my kids. Real estate investing and property management. So, they set a certain number and then you got kind of that over. He is a man of average stature. You know, it reminds me when I was younger. Justin Donald: Thats so great. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. And so, thats what I did. With over $700 million investment dollars in real estate, Ken . And you know, its interesting, my parents werent able to afford my education either. Justin Donald: Yeah. Robert Kiyosaki and Ken McElroy discuss the current state of the real estate market, including the impact of rising interest rates and the importance of understanding debt and market cycles. And Ill tell you, really, you want some purpose. I bring my kids and all that kind of stuff. They promote the upcoming Limitless Expo, featuring over 40 speakers on topics related to the economy, money, gold, debt, and negotiation. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. About us. Justin Donald: Thats right. Youve got to come up with $2 million. And then the broker started to take a look. Ken McElroy: Thank you. Literally, those are at the top. What type of investor are you? I learned today that Trena McElroy, Ken McElroy's former wife, died on January 28, 2012. I wanted to do real estate a lot longer than I was actually doing real estate because I had this limiting belief in my mind that I had to have the money to be able to do the deal. What a mindset shift. And then when I read Cashflow Quadrant, I was like just totally blown away. SKIDMORE, Mo. Justin Donald: Unbelievable. "I only work 90 minutes a week" Ken McElroy Ken McElroy has been successful in real estate investing, which has allowed him to build wealth and create Mc Companies is a longstanding real estate investment company based in Arizona. Ken McElroy on Building a Billion Dollar Real Estate Empire EP 61, In property management, I was creating all this value for other people. As of now, McElroy has managed over $1 billion worth of properties. Yeah. Monthly Webinar Ken McElroy: Its so true, Justin. I had to learn that. As per sources, he has assets of $750 million in real estate. And a lot of times their options are financial planners of the stock market. You know, it was so fun kind of just hearing your story, learning about your connection with real estate and all the, I mean, youve been in it for years, the deals that youve done with Robert Kiyosaki. Why relationships are the foundation for success. And one day I was like Im on the wrong side of the desk here. Find many great new & used options and get the best deals for RICH DAD'S ADVISORS: THE ABC'S OF REAL ESTATE INVESTING: By Ken Mcelroy *VG+* at the best online prices at eBay! I didnt even know he was going to talk to me. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. Ken McElroy: Yeah. Although Trena rode with McElroy at the end, she was victimized by him at age 12. 00:28:37 - Join Ken as he speaks with Kelly Johnson from his property management company on how he and his team were able to manage properties virtually throug How to manage a property during lockdown - Real Estate Strategies with Ken McElroy () | Listen Notes Premium Videos & Mini-Courses And I told him that I had to get running because we had our interview and he goes, Oh yeah, I know him, and hes from the Seattle area. I go, Look at this brochure. And now weve acquired a little over $3 billion in assets. In addition to all of that, Ken is the author of the best-selling booksThe ABCs of Real Estate Investing,The Advanced Guide to Real Estate Investing,The ABCs of Property Management, and most recently his book on entrepreneurship, The Sleeping Giant. 228 talking about this. Ken McElroy: It is. You know, hes very bright, very smart, way smarter than me in a lot of ways. Justin Donald: We did. I say this often in my podcast that the people that I meet and get to know better, its so fun. And I sat down with him and well, first of all, the first thing I did is Im like, Okay. And so, just scrapping it out, trying to be a little more educated than I was. And then he asked me, hes like, Hey, do you want to come to one of my events? I swear this is true. But when I did, I coveted it and it was a fair deal. I bought it over 20 years ago. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Dec. 15, 2010. He actually had an opportunity to buy the apartment complex as a college student and then manage it, which is just. Ken McElroy: Yeah. Well, thank you for sharing that and for your time. You did this with Robert. Ken McElroy: Yeah. Ken's an uber-successful entrepreneur, philanthropist, and real estate syndicator with over two decades of experience and nearly a billion dollars of deals on his resume. of Bluffton, SC passed away on 7/25/2020 . I actually just need to go find the deals. So, I learned that you not only spoke on stage with him and I believe it was that wealth mastery but I think youre the youngest speaker Tony had ever had. (46 to 54 years old) - Now in or entering their prime earning years, this group will also face a tough time selling suburban homes, hampering the ability of these boomers to move. Ken McElroy and Tarl Yarber have teamed up to create a financial freedom expo with the sole purpose of helping to change lives in today's chaotic world so that others do not get left behind. Its not for us. And I was a volunteer. Its in Sun City, Arizona, and I bought it for $9M. Robert Kiyosaki and Ken McElroy discuss the current state of the real estate market, including the impact of rising interest rates and the importance of understanding debt and market cycles. And it was fun to write. They had just sold their business and Rich Dad Poor Dad had just been released. Tickets: $20-$24; 713-862-3838, fitzlivemusic.com. I believe that you had to have a bunch of money in the bank. Would you clean it up and fix it up? And Im grateful. And so, you did this with your attorney. Yeah, Ill come. Were you underpaying? Since then, Ken has experienced great success in the real estate world from investment analysis and property management to acquisitions and property development. I received this book 2 days ago, and I have already finished reading it, there is a wealth of information here, for those of you who are thinking of going into real estate I advise picking up a copy. Justin Donald: You know, its interesting. Please note that some processing of your personal data may not require your consent, but you have a right to object to such processing. I was taught the same as everybody else. The turning point came when the property owner dropped by the office to pick up his check for the month. Come join us for one of our best podcasts ever with Ken McElroy, the author of The ABCs of Real Estate Investing, The Advanced Guide to Real Estate Investing and The ABCs of Property Management.. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); You dont have to come from money to build wealth. We do videos and blogs and newsletters and all that kind of stuff to kind of support people that are trying to figure out things in the real estate community. Id love to hear more about that. Theyre donating their time, donating their resources, theyre starting them themselves, theyre sitting on the boards of them.. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. In fact, that is one of our core values is to be giving. Ken decided that one day he would be on the other side of the desk, picking up his own check. Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience in multifamily asset and property management, development. I called Robert and I met him and Kim at the Phoenix Country Club because they were living in Phoenix at the time and they had a home in Hawaii. And so, what happened was, what does happen, as you know, is all of a sudden youre like, Okay. And so, we were walking through, we were just grabbing stuff and going into the green room, getting ready to speak, and Im sitting there looking at all the stuff, and I go to Robert. Further, his account has 16,287,514 views with 299K subscribers. Ken McElroy has experienced massive success in the real estate world-from investment analysis and property management to acquisitions and property development. He shares his insights and experiences on his podcast, Real Estate Strategies with Ken McElroy, and on his wildly popular YouTube channel. And I start with my rich uncle. He serves as the host of a weekly business podcast, Real Estate Strategies. . Thanks so much. The Smallbiz Brain. Having purchased over $400 million in real estate in the past two years, Ken brings a unique property management perspective when estimating a property's potential value. Like, how long have you had investors? I always felt very sorry for her. Today, Ken is committed to helping as many people as possible to achieve financial freedom through real . Im the guy that gets the call and says, Hey, heres a property. In This Episode, You Will Learn: How to start from the bottom and work your way to the top. And so, we said, Okay. You raise the first floor and theres a bunch of other things that we did but we ended up filling it up. Its, well, untraditional I think like everybody gets into real estate. Moreover, he bought his first investment property not long afterward. But we used an arms length. And so, I wanted the money of the book, the profits, to go towards charitable organizations. He also hosts real estate training programs and has written six books, including The ABCs of Real Estate Investing. He hosts the podcast Real Estate Strategies with Ken McElroy. Were a very giving company. I met with him the next day and, of course, I made that the topic like you would. He's a regular guest on popular podcasts such as The Real Estate Guys Radio, The Lifetime Cashflow through Real Estate, and The Ken McElroy Podcast. Im actually revising it right now because its a bit dated, just on some rents and things like that, as you would imagine from over the years. Premium Articles (The two have very different views, but still good to know) I mean, these are people that had a huge impact whether they know it or not. The process behind transitioning into investing and landlording. Reviews go a long way in helping us build awareness so that we can impact even more people. I've been watching countless, super helpful videos on Youtube by Graham Stephan and more. You fill it out. And this is the only place where Im guaranteed to answer your questions and look over your deals. Its 182 units. And so, I had a wrestling scholarship, thankfully, and I got in that way. They cant keep the same vendors, clients, whoever it is that they use. 22:37. But moreover than that, there are so many people that dont even have basic human rights and human freedoms. Associated persons: Joseph J Knouse . And the way that worked back then was that you got whatever you collected over a certain amount. I think the things probably worth 50 now or something. So, those kinds of things, they open doors and get you in spots that maybe you wouldnt be at from a speaking standpoint or on a radio or whatever. Real Estate Investor Author Entrepreneur Partner at MC Companies 1 Billion AUM C-Suite Radio Host. So, I was hustle and hustle and hustle to get to that point, and I was laughing because theres an analogy between when I was collecting rent and collecting for a $10 newspaper. Ask Ken Questions But if I called you up right now and I said, Hey, we buy it for this. 3. Real Estate Market 2023 - Robert Kiyosaki, @KenMcElroy. Investor, Entrepreneur, Best-selling Author, Rich Dad Real Estate Advisor. Its probably worth $50M now. Ken McElroy, The good thing when youre young is that you dont know any better. And one day, I was like, I'm on the wrong side of the desk. Ken McElroy, Deliver on your promise and everything else works. It was a small property that barely turned a profit, but it didnt matter. And then I started doing a bit of those. Resources + Links: Connect with Danille on Instagram | Check out the Ken McElroy show on Youtube | Text PODCAST to 480-605-4814 to get VIP updates from Kara! The seniors didnt want to walk up the stairs. And then thats when I realize theres all these people out there trying to learn. Associated persons: John N Mcelroy, Karen S Mcelroy . I know you talked about it a little bit, and Id love to give you a chance to share because one of the things for me thats so important with my book with The Lifestyle Investor, I really wanted to not only educate people on how to be financially free to create financial freedom so there are opportunities to impact mindset where people can take not only that but shift the behavior and have the tangible, practical application to be able to do it. Im not getting paid. Tweets. 28:05 - Advice for a 20-year-old self. McElroy is a famous Real Estate Investor, Author, and Entrepreneur. Let me show you how to make the most out of your opportunities. I wish I would have forgiven. Add to Playlist. Awesome, Justin. And you just started knocking on doors, calling. in the course of guides you could enjoy now . You can also help by providing an honest rating & review over on Apple Podcasts. And one of my mentors when I was off base with somebody, she said to me, Well, one of you is out of exchange. Im kind of like, Oh, thats a very interesting way to put it. And it was true.
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