-Ken McElroy Original publish date: August 22, 2018 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! 2) Identify the Demand and Supply. 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. And when you have the thing that others want who have money, it is really easy to raise it. "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 On your own asset, maybe you only have one at a time. 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. The ABCs of Real Estate Investing by Ken McElroy - Complete Book Summary. I wish I would have mended a relationship. So, weve sold off some of those and we do development, construction, property management, all in-house. Were making money. he has worked as a Real Estate Investor, Author, and Entrepreneur for over 20 years. 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. It has links to get to the company, which is MC Companies. Youve made a career of being able to have these long-term relationships. Ken McElroy: Yeah. And like a lot of people, thats how you started. And I realized when you see the faces of the folks and then the stories and you start to really connect with people, I realized that I needed to get more involved in things. And it took me a handful of years to figure out, No, this is holding me back. Lets try to scale it. And so, that happened and then I joined EO. Tweets. Its like 25 questions but it kicks right to your inbox. Today, Ken is committed to helping as many people as possible to achieve financial freedom through real estate. 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. When my dad passed 10 years ago, I got to learn all about hospice and all of that. So, yeah, I didnt want to fail so I did it. I mean, these are people that had a huge impact whether they know it or not. Obviously, its not perfect. He co-hosts the podcast with Danille and delves into a wide range of topics related to real estate. You jump to a $9 million purchase price. Its kind of fun. You know, it reminds me when I was younger. So, I go up on stage. Its 182 units. And it is for us too, I think, theres a lot that we are very similar on, and I think thats probably why we resonated so well when we finally connected. And then my friend, he started California Closets and he was one of the founders at EO. And so, sometimes its friends first and then I do business with them but other times its doing business with them and then we become friends, and its just such a rewarding relationship. And so, I am relationship first and business is actually pretty low on the category for me. What began as a way to simply cover his room and board ignited his entrepreneurial spirit. I was like, How did I have another level of mindset shift? And then I read your book and I was like, Man, I got to get in the game. And at that point in time, I was in Chicago and I kept on walking by. . And so, reading your book, I was like, Man, this is possible. Its because in Arizona, things are easily $300 a door right now and in some cases $400 a unit. Trena McElroy, center, is led to a car with her stepson Ken McElroy Jr. . And I know youve experienced that as well. 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. And what that turned into was a full-time Director of Philanthropy. And so, the lessons of life theyre everywhere as you navigate things and you start to open your mind and see things for what they really are. I actually just need to go find the deals. I bought it over 20 years ago. Justin Donald: Yeah, thats incredible. "Real Estate Strategies with Ken McElroy" is your weekly meet-up where real estate entrepreneur and CEO Ken McElroy shares his personal experiences and the strategies he's implemented throughout his career, from his first job as an apartment manager to today, having successfully scaled up to over $1 billion in real estate . Justin Donald: Thats awesome. And so, obviously, when something like that happens you have to evaluate things. McElroy helps as many people as possible to achieve financial freedom through real estate. Save $60 Justin Donald: Thats incredible. Its 182 units. I love that youre doing this with your kids and that this is a family value for you. Ken McElroy: Sure. Stop bullshitting yourself: Be authentic, be transparent, and it will work out. Ken McElroy. He owns over 10,000 units in Manhattan. They promote the upcoming Limitless Expo, featuring over 40 speakers on topics related to the economy, money, gold, debt, and negotiation. I believe that you had to have a bunch of money in the bank. And I want to end this call as I end each call and that is with this, what is one step you can take today towards financial freedom and towards a life on your terms, a life by design, not by default? Take advantage of my community forum, where you can connect with people just like you. And so, when I actually got the courage and decided I was going to start owning properties, I didnt know what to do and I started finding mentors and coaches and things like that. They rescued over 500 kids last month. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); You dont have to come from money to build wealth. And so, I had a wrestling scholarship, thankfully, and I got in that way. Ken shares his knowledge as the Real Estate Advisor to Robert Kiyosaki of The Rich Dad Company, a Forbes Council Member, with contributions to . Ive just had so much fun getting to know you and learning more about your story. 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 Ken Rex McElroy was shot dead inside his pick-up truck on the 10th of July, 1981, via a storm of bullets. Together with his real estate investment company, MC Companies, Ken has transacted over $1 billion in real estate. Free shipping for many products! I bring my kids and all that kind of stuff. Sorry. And I was scared to death. Well, as you know, I know you do this too, deliver on your promise and everything else works. So, kudos to you for having such an impeccable reputation. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. A major factor in Ken's real estate success is his brand, MC Companies. Ken McElroy has an estimated net worth of $20 million. Justin Donald: When I first started, it took me a long time to get into real estate. Find many great new & used options and get the best deals for Rich Dad's Advisors: The ABC's of Real Est- 0446691844, paperback, Ken McElroy at the best online prices at eBay! Ken McElroy: Thank you. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. 3pm - 6pm. Well, and by the way, I love hearing that story because I took a lot of pride early on in my career that I would outwork anyone. 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. Commercial-Free YouTube Videos Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. 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. I teach this seminar and its in Cave Creek, Arizona. Im like, Okay. So, we give a lot. Monthly Webinar Picking up where left off in the bestselling The ABC's of Real Estate Investing, McElroy reveals the next essential lessons and information that no serious investor can afford to miss. So, he had one little investment out in Arizona that he did for a favor and then I asked him if I could buy it, and he sold it to me and the rest is history. He was born to hardworking parents and grew up in a state in the United States. Premium Newsletter She remarried in 1983, and, from what I know, lived a fairly happy life. Ive now written six books. Deals get done almost on a napkin now. And so, thats how I started and it was interesting and it was all on a handshake from the guy that allowed me to manage it. Ken McElroy is the co-partner of . And then shes like, Youre going to get swamped, because all I did was talk about what I was working on. And the way that worked back then was that you got whatever you collected over a certain amount. Ken McElroy has experienced massive success in the real estate world-from investment analysis and property management to acquisitions and property development. So, its quite a few charities because we have 250 employees. I didnt even know he was going to talk to me. I included another book by Ken McElroy, . You fill it out. old pros as well as novice investors, this friendly, straightforward guide walks readers step by step through every stage of property analysis. Literally, those are at the top. Find real estate agency McLeRoy Realty Associates,Inc. I had a scholarship but didnt pay for everything. 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. Media Personality Scottsdale, AZ kenmcelroy.com Joined May 2009. Ken has held many board positions with the Arizona Multi-Housing Association with the most recent as past Chairman of the Board. So, on Sunday morning I woke up. And then I started doing a bit of those. And so, thats when I started to be more intentional. Were having fun, were making money for our investors and ourselves, and our employees are having a good time enjoying all of it. Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience in multifamily asset and property management, development. Then we ended up doing partnerships with our vendors. 15170 N. Hayden Rd., Suite 1 Scottsdale, Arizona 85260. Ken Rex McElroy (June 1, 1934 - July 10, 1981) was an American criminal and convicted attempted murderer who resided in Skidmore, Missouri, United States.He was known as "the town bully", and his unsolved killing became the focus of international attention. So, that kind of got us through that period of time. They just said, Sorry. Further, his account has 16,287,514 views with 299K subscribers. So, what happened was obviously and we talked about my first building then I bought another one and I have a partner too, Ross McCallister, who we merged our companies as well and that made us stronger. And so, when people like Mr. Litwin or my uncle can come in and say, Hey, these are things that you should be looking at, then you slowly change your pitch, you slowly change your business plan. And so, like you have your book, right? 28:05 - Advice for a 20-year-old self. According to real estate guru Ken McElroy, And so, that was really cool. I didnt know anyone when I was young that was a business owner that invested as a profession. And then he asked me, hes like, Hey, do you want to come to one of my events? I swear this is true. And so, you did this with your attorney. 1) Find the Market Trend. 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. Interview with Regan Archibald Unlock the Secrets to Optimal Health & Longevity with Interview with Rob Follows Making Extraordinary Exits Possible with Rob Follows Have you Interview with Gabriel Hamel Using Seller Financing to Build a Real Estate Empire Want A Simple, Proven System For Multiplying Your Wealth AND Replacing Your Job? It was a small property that barely turned a profit, but it didnt matter. In fact, theyre opening nine more locations and theyre just doing incredible work. We have five core values and one of them is be giving. And so, just scrapping it out, trying to be a little more educated than I was. I'm looking to buy small multifamily and notice that his specialty is large complexes, resorts, mobile home parks, and other large scale commercial properties. McElroy stands at the height of 5 ft 7 in (Approx 1.74 m). I want to know where the people that are doing the thing that I want to do. . 40.3K Followers. I love shining a light on Love Justice International because they are stopping human trafficking in 17 countries around the world. Condition: Very Good. They cant keep the same vendors, clients, whoever it is that they use. Ill teach you how to organize your finances, find tenants, and discover tax-friendly ways to reinvest your profits. Let us show you how to get there. Building and developing multi-family communities. Reviewed in Canada . That is so cool. . Ill be there. So, I forgot. If youre looking for step-by-step instructions on how to find, buy, manage, and get the most out of a property, my Closing Your First Deal course is here to help. I was like, well, the good thing when youre young is that you dont know any better, and I didnt know any better. McElroys net worth is $20 Million. So, I dont know exactly the number that we would give out every year now but its a lot and the employees can write their own grants and they go through a board and all that, and then they get the grants to whatever charity makes them happy. Its got a $20 million value-add, we got to put this much in it, and Ive already got a debt quote. You would say, In. Now, there are a zillion things that I have to prove out but a lot of people dont realize that investors are sitting on a bunch of money typically in their bank account and/or theyre making a bunch of money and their companies are kicking off a bunch of money. comprehensive coverage of real estate concepts as well as a detailed overview of the industry. Also known as: Danielle M Cantwell, Danielle M Mcelny, Danielle Cantwell . This is your ultimate guide to investing in rental properties, whether you have a hundred dollars in the bank or a hundred thousand. The money like you have a good deal, trust me, money is the easiest thing to come by, even when you dont have it. So, at a certain point in your life, like theres this whole idea around scarcity of money and when you dont have any, its very scarce but its truly an abundant resource. Ken McElroy: Its so true, Justin. Navy during the Korean War. And so, its really interesting seeing this world kind of just come together here. And I feel like thats exactly what you guys have had. Ken McElroy Age. So, the call right before this was with a lifestyle investor mastermind applicant. Id love for my audience to learn more about you. Connect with the Guest: Website:https . I know like, well, I climbed Kilimanjaro twice with my kids. 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. I actually was pretty good at keeping it full and managing it. Literally, I had to fire the manager and the two assistant managers, and I was there by myself. But how did you guys meet and how did you broker this relationship? McElroy is around 55 years oldalthough details regarding the date and year he was born remain unknown. In fact, that is one of our core values is to be giving. 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. Monthly Webinar I was scared to death, it was all my savings, and it was cash-flowing just north of $100 a month: thats if it was full. Im not getting paid. in ZEBULON, GA on realtor.com, your source for top rated real estate professionals. In This Episode, You Will Learn: How to start from the bottom and work your way to the top. He has an estimated net worth of $20 Million attained from working as a renowned Real Estate Investor, Author, and Entrepreneur. Hes involved with development, construction and property management. A dedicated educator and a heck of a nice guy, Kenny is a Summit favorite, and we're . Justin Donald: Ken, that is incredible, and I love that you were able to use your foundation to support your own team and staff in a time of need and of crisis. Review:The Abc's of Real Estate Investing:Ken McElroy. To get your questions answered and learn more about Ke. Because when you take two people that have their own unique set of superpowers and you combine them thats where you get that one plus one equals five. And in my EO chapter, there was a guy that knew Robert and I was raising capital. 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. Im having fun. And, boy, did I have an education at that place. Investor, Entrepreneur, Best-selling Author, Rich Dad Real Estate Advisor. And so, I poured myself into that and thats been a labor of love. Youre super close. Premium Articles 4) The 3 Levels Of Research. He is also a contributor for The Real Book of Real Estate. He is possibly married as he lives with his family in Scottsdale, Arizona. So, the both of us, by this time, the properties that we had owned were quite a bit and they were kicking off lots of cash. Obviously, its not perfect. I ended up kind of being in property management and I learned so much but what I learned is I was creating all this value for other people. Honestly, it was an incredible experience. Ive read every book but it was the first book I ever read on real estate. You determine the property value, which becomes your offer. Justin Donald: You know, its interesting. 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. Ask Ken Questions I went to learn how to scale a company, then you have to learn how to keep the people and keep them happy and all that. Its in Sun City, Arizona, and I bought it for $9 million and I didnt know how I was going to do it with $2 million down and $7 million in debt roughly. 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. 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. And so, now I love it because Ive come full circle. 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. He called and said, Listen, Ive got only a year to live, and he got diagnosed with cancer. Ken McElroy 2020-09-29 . Ken has transacted over $1 billion in real estate. 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 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. Thank you for sharing that with us and with our audience. And I know youre doing the same thing with your organization and I know you started a nonprofit and you have raised over a million dollars for your nonprofit or the nonprofits youve been part of over the last decade. In a lot of ways, he was probably my first real estate mentor but I didnt get a lot of face time with him because he was so busy. And so, Im like, Well, okay. So, then I really got involved and I said, Okay. This is working. You know, its funny because I just recently did a podcast with Tom Wheelwright, and he spoke at our conference that we just had for The Lifestyle Investor Mastermind and private clients. I had to learn that. Watermark-Free Sample Forms 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. I was like, Oh, this is pretty good. And so, I was like, Maybe I should do a little bit more, and shes like, Id like you to write a book based on what youve done. Im like, I have no idea how to write a book. So, then I found somebody to help me do that and kind of mumbled through that, and thats how the ABCs of Real Estate Investing came out and then that opened more doors, as you know, to radio shows.
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