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. 4) The 3 Levels Of Research. Tony Robbins. Ken decided that one day he would be on the other side of the desk, picking up his own check. And part of that trip is working in an orphanage for the blind in Africa. Its kind of fun. Also, he shares his expertise with thousands of people through his immensely popular YouTube channel. The book's compelling stories and lessons show why real estate is . And so, I remember I read Rich Dad Poor Dad and I was like, This is incredible. Free shipping for many products! He owns over 10,000 units in Manhattan. Yeah. But then I jumped right up and bought a property that I was managing, and I still own it. Deals get done almost on a napkin now. 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. More Important Than Money: an Entrepreneurs Team. Your book, The ABCs of Buying Rental Property, was the third book I read in the Rich Dad Poor Dad series. Hes like, That is the book that just keeps on giving. Its been wonderful. Ken McElroy was born in United States on June 1, 1934. The price for membership is $299.00 per Year. The Advanced Guide To Real Estate Investing . The idea. The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. In addition, he is the author of The Sleeping Giant and The ABCs of Real Estate Investing. 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. He is a man of average stature. Stop bullshitting yourself: Be authentic, be transparent, and it will work out. Ken McElroy. I say this often in my podcast that the people that I meet and get to know better, its so fun. Ken lives with his family in Scottsdale, Arizona. Investing Calculators So, the two of us together, were still together and hes an incredible friend. Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience in multifamily asset and property management, development. And Im glad in many respects that I didnt figure that out that I was a little too hard-headed because it would have been for the wrong reasons. he has worked as a Real Estate Investor, Author, and Entrepreneur for over 20 years. What you can expect to see are videos about real estate investing, entrepreneurship, and life lessons I have learned not only from my experiences but also the high caliber mentors and business minds that I am surrounded by. Its great to see you again. So, weve sold off some of those and we do development, construction, property management, all in-house. Management. Like, how long have you had investors? 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. And for what its worth, I loved your book. The story of how Ken went from managing an apartment building as a broke college student, to acquiring over $3B in real estate. It was a small property that barely turned a profit, but it didnt matter. And I love that youre so good about developing relationships with people that become long-term business relationships and then they become friendships. 1) Find the Market Trend. Despite being a renowned Real Estate Investor and Author, McElroy has kept details regarding his marital status confidential. Lets try to scale it. And so, that happened and then I joined EO. 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. 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. So, welcome. And in addition to that, my partner Ross, he had some things happen in his family around cystic fibrosis. Ken believes in sharing these successes, as well as his setbacks, to help educate and inspire investors to bridge the gap between where they are and where they want to be. And thats really taken off. He called and said, Listen, Ive got only a year to live, and he got diagnosed with cancer. He pursued and matriculated with a bachelors degree in Business Administration and Management General in 1990. Not only is he a bestselling author and internationally recognized speaker, but hes the real estate advisor to Robert Kiyosaki of The Rich Dad Company. Free shipping for many products! He . I always felt very sorry for her. For over two decades, Ken McElroy has experienced great success in the real estate world through investment analysis, acquisitions, property management, and property development. 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 co-hosts the podcast with Danille and delves into a wide range of topics related to real estate. 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. 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. Ken McElroy has an estimated net worth of $20 million. Holy cow. I bring my kids and all that kind of stuff. And one of my professors at the school did what you did to a certain degree where he was property manager. And that was the little secret, Justin, that I didnt realize is that I was syndicating in the 90s and it wasnt a thing, and people were clamoring to find out how I invest in apartment building. Ken McElroy: Its so true, Justin. And thats how I got on the other side and I started doing that in the late 90s and I never looked back. in ZEBULON, GA on realtor.com, your source for top rated real estate professionals. Justin Donald: Thats awesome. Its 182 units. 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. You can also help by providing an honest rating & review over on Apple Podcasts. And if you guys know anybody that is interested, let me know. And so, I got a referral. I'm enjoying Ken McElroy's content and see he has a RE Master Class for $450. And I was scared to death. On your own asset, maybe you only have one at a time. Rich Dad's Advisors: The ABC's of Property Management - Ken McElroy 2008-09-12 I actually just need to go find the deals. He is the owner of MC Companies in Scottdale since 2000. Ken McElroy, The ABCs of Real Estate . 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? 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. It is one of our core values. I learned today that Trena McElroy, Ken McElroy's former wife, died on January 28, 2012. I dont know the exact number that we give out every year now. And when you have the thing that others want who have money, it is really easy to raise it. I met with him the next day and, of course, I made that the topic like you would. Although Trena rode with McElroy at the end, she was victimized by him at age 12. The murder occurred in broad daylight, with as many as sixty eye-witnesses present . Its not for us. And they owned a little 12-unit and some other stuff, and literally, they were on this kind of high with Rich Dad Poor Dad. I believe that you had to have a bunch of money in the bank. McElroys mother worked as a hairdresser and his father a contractor. 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. And then, of course, philanthropy comes from there. The Smallbiz Brain. His current net worth is around $20 million. Kens Investor Test for Lifestyle Investor listeners, Tom Wheelwright on The Lifestyle Investor, Unlock the Secrets to Optimal Health & Longevity with Regan Archibald EP 131, Making Extraordinary Exits Possible with Rob Follows EP 130, Using Seller Financing to Build a Real Estate Empire with Gabriel Hamel EP 129, Vanessa Peters on Investing in Land Entitlement and Making Big Returns with Vanessa Peters EP 60, Dave Allred on Creating a Life by Design with Real Estate Investing EP 62 , The Secrets to Building a Billion Dollar Real Estate Empire - Justin Donald. I know like, well, I climbed Kilimanjaro twice with my kids. I love that youre doing this with your kids and that this is a family value for you. MC Companies. I mean, any time youre mentioning something with the word billions, you know that youre doing something right. And so, now I love it because Ive come full circle. Where can we find you? And, boy, did I have an education at that place. Ken was by no means an overnight success. 298 Listens. I brought them to a bunch of those places, as my kids were growing up, and made it a family affair. I dont think I underpaid. And so, the charity thing has been really significant for us. Today, Ken is committed to helping as many people as possible to achieve financial freedom through real . Ive got to assume you didnt have this yourself. And then shes like, Youre going to get swamped, because all I did was talk about what I was working on. So, the call right before this was with a lifestyle investor mastermind applicant. 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. Today, Ken is committed to helping as many people as possible to achieve financial freedom through real estate. And then I really got immersed into it and my whole company got immersed into it. Ken McElroy was born in United States on June 1, 1934.. On Popular Bio, Ken McElroy is one of the successful Criminal. McElroy is a famous Real Estate Investor, Author, and Entrepreneur. I understand this and I love spending time there and time as far as treasures, right? We . And so, Ross and I fund the majority but then our vendors fund, and our employees get an opportunity to fund too and they actually can write their own grants to their own charities. Awesome, Justin. Ken is the author of the best selling books The ABC's of Real Estate Investing, The Advanced Guide to Real Estate Investing and The ABC's of Property. We have five core values and one of them is be giving. Real Estate investing seems like an exciting field and for the past month, I have been doing research every day on it. Media Personality Scottsdale, AZ kenmcelroy.com Joined May 2009. Sorry. Ken oversees the company's asset portfolio and leads the day . It is clear and concise as can be, and really easy to read because the font size is a . Its interesting because you talk about how and I remember when we first met youre like, Yeah. You started knocking on doors, calling, and trying to figure out people that had money. Ken McElroy. ' 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. In addition to sharing his expertise, Ken also shares his mindset, because building wealth isnt simply about putting money in the right place at the right time. And so, thats one of my philosophies. 5) Now Calculate the Exact Value of the Property. Advice for people interested in investing in real estate. So, all this stuff starts to happen. I bought it over 20 years ago. Ken has held many board positions with the Arizona Multi-Housing Association with the most recent as past Chairman of the Board. Ken has transacted over $1 billion in real estate. And the industry is very, very interesting and its a lot more collaborative than people might think. As of now, McElroy has managed over $1 billion worth of properties. You know, now its kind of old news but this is like, this is going to happen. 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. It was cool hearing all that he knew and hes actually from Redmond, Washington, or lives there right now, so just outside Seattle. Its awesome unless they have to which is rare. So, they set a certain number and then you got kind of that over. We do have something for your listeners. I tell you what, my partner just laughs. And so, for me, I was already headed down that track but then it just solidified all of it. Robert had me on stage. Right now, I own about not quite 1.5 billion. Well, each kid I brought up, we summited. I received this book 2 days ago, and I have already finished reading it . Here is a list of the top 18 real estate books to read in 2023. Click to enjoy the latest deals and coupons of Ken McElroy and save up to 70% when making purchase at checkout. But weve been to Russia, Asia, Australia multiple times, Europe, all over Europe, all over the US, Canada, Mexico, Spain, you name it, Bolivia. Ken was hooked. She was born June 14, 1944. . 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. So, whats the story there? And so, Im like, Well, okay. So, then I really got involved and I said, Okay. He was born in a state in the United States.McElroy is around 55 years old although details regarding the date and year he was born remain unknown.. Ken McElroy Height. They just said, Sorry. The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. That is what youll see. 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. Our investors are happy. Take the Quiz to find out! 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. 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 real potential Show you how to unlock the myths that are holding you back Negotiating the deal based on the numbers Evaluate Ken got his start during college, when he took a job managing an apartment complex. 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 . I had to learn that. Theyre donating their time, donating their resources, theyre starting them themselves, theyre sitting on the boards of them.. They are: On April 13, 2015, McElroy launched his YouTube account. So, thats how it started and then I started traveling with them because I wanted to learn how to speak better. And it took me a handful of years to figure out, No, this is holding me back. And then he asked me, hes like, Hey, do you want to come to one of my events? I swear this is true. It was you. Ken McElroy: Yeah. And so, I said, This is kind of cool. And the way that worked back then was that you got whatever you collected over a certain amount. So, theyre just frothing for guys like us that can bring them something that provides cash flow tax-free. 22:37. Ive now written six books. 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. (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. And we didnt lay anybody off, of course, but some of our employees families had been severely impacted. SHOW NOTES FOR EPISODE 665: BEST OF OLD DAWG'S REI NETWORK PODCAST - THE ABCS OF REAL ESTATE INVESTING WITH KEN MCELROY. 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. So, Im coming out with the new revised version next year but that book has been great, tried and true. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); You dont have to come from money to build wealth. Play Audio. He is the owner of MC Companies in Scottdale since 2000. So, I didnt have a lot of mentors in investing or entrepreneurship or anything like that. Ken McElroy. 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. In This Episode, You Will Learn: How to start from the bottom and work your way to the top. 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 I wanted to learn how to articulate from stage and I wanted to see the world. I jumped in my car and I drove up. . Id love for my audience to learn more about you. Monthly Webinar I dont know if its ever intentional but quite simply I didnt grow up with a lot and my parents were amazing but we couldnt afford college for me, for sure. And I know youve experienced that as well. 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. Moreover, he bought his first investment property not long afterward. And so, I had flip-flops on, shorts, and a t-shirt. More Information. You will learn how to get started investing, how to assemble an all-star team that will set you up of success, how to identify the right market and submarket, how to gather numbers and information to make sure deal cashflows, how to write an offer and get a deal under contract, what to focus on during due diligence, how to create a business plan, and how to manage your investment. Ken McElroy: Yeah. Id get up before school and deliver the Seattle Post Intelligencer at like 5 a.m. And I did that every day for a couple of years and I would knock on the door and try to collect the money, you know? Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. 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. Ken McElroy: It is. That was my first job. And so, like you have your book, right? He serves as the host of a weekly business podcast, Real Estate Strategies. He is the owner of MC Companies in Scottdale since 2000. In fact, that is one of our core values is to be giving. Its quite a few charities, because we have 250 employees. Ken McElroy, The charity thing has been really significant for us. I just go when I can, around my family: I put my family first. And I know youve experienced that as well. But Im still the first person in our extended family to actually graduate from college. 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! It just didnt matter. As my friend says, Way leads the way leads the way. Its just things connect as you get into motion. Let us show you how to get there. What is it? I had no idea he did seminars or anything and hes like, Yeah. But if I called you up right now and I said, Hey, we buy it for this. Were having fun, were making money for our investors and ourselves, and our employees are having a good time enjoying all of it. You jump to a $9 million purchase price. Real estate investing and property management. Id never been to anything like this. And so, that was really cool. And so, Im like trial by fire, I guess, and then eventually kind of turn that into the more of a learning platform like yourself and put some real effort behind it and some people behind it and put some wind behind it.
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