Its a true story about buying any unit building and how to do it. And thats just really just taken off. Just always try to be an exchange of equal value. Ill outwork: Thats the kind of wrestler I was too. Realtor.com Real Estate App 502,000+ On Sunday morning I woke up. Mc Companies is a longstanding real estate investment company based in Arizona. I had to learn that. So, we had very low turnover. And now weve acquired a little over $3 billion in assets. 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. First time Ive been on stage and hes like, Tell them what you do, and he walked off. Its one of our core values: We have five core values, and one of them is to be giving. 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. But your story is incredible, and Id love to have you share some of it here with our audience. So, it was, Hey, figure out a way to go to college and to pay for it. So, its quite a few charities because we have 250 employees. Ken lives with his family in Scottsdale, Arizona. And it took me a handful of years to figure out, No, this is holding me back. 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. And so, we found that by having that just by doing something that Ross and I wanted to do, our culture got better, stronger, deeper, and tighter, and we started attracting very, very, very good people because they wanted to be part of something bigger than just making money. Im not getting paid. Ken McElroy 2020-09-29 Many Americans dream of financial freedom, but they're stuck in dead- . And so, then what we did was we ended up doing partnerships with our vendors. Ken McElroy, The ABCs of Real Estate . Ive owned and built self-storages and office buildings and condo projects and single-family. Ken is passionate about educating others so that they too can experience financial freedom through real estate investing. But in a dramatic act of . Real Estate Market 2023 - Robert Kiyosaki, @KenMcElroy. Why relationships are the foundation for success. So, I go up on stage. And for what its worth, I loved your book. Moreover, he bought his first investment property not long afterward. Let me show you how to make the most out of your opportunities. I dont even know exactly, somewhere between 20,000 and 30,000 units up and down the western United States and so starting from Seattle area all the way down into California and Oregon. I bought it over 20 years ago. 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. Discounts on Upcoming Courses. 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. I wish I would have forgiven. In his podcast, he shares his personal experiences and the strategies hes implemented throughout his career. 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. But its a lot, and the employees can write their own grants, and they go through a board and all that, and they get the grants to whatever charity makes them happy. Obituary daughter ken rex mcelroy. Robert Kiyosaki, the author of the renowned bestseller Rich Dad Poor Dad, refers to him as a Rich Dad advisor. I need to start making moves towards it versus not just laying in this limiting belief space where I think I have to have the money. And all these booths trying to sell stuff around real estate, some were down in the Caribbean, some were passport issue stuff, and some were in Mexico, and some were local. The price for membership is $29.99 per Month. Commercial-Free YouTube Videos How Ken developed an unexpected friendship with Robert Kiyosaki. I mean, plain as day, I was like, Hey, Im out buying properties and Im looking for capital. 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? Its 182 units. Management. As of now, McElroy has managed over $1 billion worth of properties. His career kicked off while in college as he took a job managing an apartment complex. So, this would have been almost 25 years ago, I guess. learning, playing and networking until we pack up and go home on Wednesday, June 14th, 2023. Ken decided that one day he would be on the other side of the desk, picking up his own check. Overcoming the limiting belief that you need money in order to make a deal happen. Deals get done almost on a napkin now. 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. It was a small property that barely turned a profit, but it didnt matter. We found that just from doing something that Ross and I wanted to do, our culture got better, stronger, deeper and tighter, and we started attracting very good people, because they wanted to be part of something bigger than just making money. Ken McElroy. Its always a primary issue in our firm, and as you would imagine, that attracts a different kind of employee. Take the Quiz to find out! Im having fun. 4) The 3 Levels Of Research. 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. 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 was pretty good at keeping it full and managing it. 3) Employment, Population, and Location. [], 2023 Justin Donald | Refund Policy | Privacy | Terms |. I bring my kids and all that kind of stuff. Ken has ranked on the list of those famous people who were born on June 1, 1934.Ken McElroy is one of the Richest Criminal who was born in United States.Ken McElroy also has a position among the list of Most popular Criminal. Real estate investing and property management. In his account, he shares his over two decades of experience as a real estate investor. They are: On April 13, 2015, McElroy launched his YouTube account. 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. Instead of a lifetime cumulative average value, we only show the most recent ratings from users in the past 30 days or the newest 10 . I can do this. That is what youll see. Ken McElroy: I didnt overpay. And we walk up to these two just gorgeous girls with this big, beautiful black and white photo and there are two models standing next to it. How did you figure that out? And thats really taken off. But I also love really what youve done on the charitable side. More Information. Lot Of 4 Rich Dad Advisors Real Estate Books - Ken McElroy Garrett Sutton VG. 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. Despite being a renowned Real Estate Investor and Author, McElroy has kept details regarding his marital status confidential. It was a senior and it still is a senior property. And then thats when I realize theres all these people out there trying to learn. Essentials of Real Estate Finance can help students pass their exams, assist professionals advising clients, or help buyers understand what finance options are available. Free shipping for many products! Your book, The ABCs of Buying Rental Property, was the third book I read in the Rich Dad Poor Dad series. 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. In addition, the podcast contains 284 episodes as of April 19, 2023. So, yeah, I didnt want to fail so I did it. Today, Ken is committed to helping as many people as possible to achieve financial freedom through real estate. Ken McElroy: It is. I learned today that Trena McElroy, Ken McElroy's former wife, died on January 28, 2012. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Ken McElroy: Yeah. Ross [McCallister, Kens business partner] and I fund the majority, but then our vendors fund [some], and our employees get an opportunity to fund too. Ive never heard him speak so highly of anyone before. And so, the interesting thing is when I finally started meeting successful people and I would say, Hey, how can I meet more people like you? And in addition to that, my partner Ross, he had some things happen in his family around cystic fibrosis. She was born June 14, 1944. . So, the call right before this was with a lifestyle investor mastermind applicant. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. What began as a way to simply cover his room and board ignited his entrepreneurial spirit. I already have my rich uncle. The price for membership is $299.00 per Year. 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. What you do need is a strong work ethic, solid relationships, and a willingness to put yourself out there! 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). 3. 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. What type of investor are you? Its in Sun City, Arizona, and I bought it for $9M. 14. And like a lot of people, thats how you started. 2000 - Present23 years. Like, I want to do this anyway, and its really neat that we get to share this with the world, you know? Price: US $99.99. Get Your Copy Analyze Deals Like a Professional Investor So, I brought them to a bunch of places as my kids were grown up and just kind of made it a family affair. It is one of our core values. I started small and made small mistakes, but I was in the property management business. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. It wasnt a deep discount at all. For over two decades, Ken McElroy has experienced great success in the real estate world through investment analysis, acquisitions, property management, and property development. It is like the same excuses, almost exact. He called and said, Listen, Ive got only a year to live, and he got diagnosed with cancer. View Full Itinerary. In addition, he is the author of The Sleeping Giant and The ABCs of Real Estate Investing. And if you guys know anybody that is interested, let me know. And so, I got a referral. We have a great company culture. One of these women was 24-year-old. He grew up in a family that was below middle class, even in some cases, and lower than that. In this episode, Ken talks about his unbelievable journey and his steps to go from property manager to property owner. Key Takeaways with Ken McElroy. So, we give a lot. So, with Robert and I, as you know, I kind of skipped over the whole books and all that kind of stuff because its a significant piece but its really my kind of give-back education piece is writing all the books. I always tell people because when I first started, it took me a long time to get into real estate. And then I started doing a bit of those. Words of wisdom:Ken didnt come from a wealthy family, and it was only when he started finding success with real estate investing that he realized most deals are less mysterious than they seem from the outside. If you enjoyed todays episode of The Lifestyle Investor, hit the subscribe button on Apple Podcasts, Spotify, Stitcher, Castbox, Google Podcasts, iHeart Radio, or wherever you listen, so future episodes are automatically downloaded directly to your device. And every time you want to maybe feel a little bit bad about yourself or feel down, all you got to do is go back to some of those moments. With multiple units, the property value is based on the current cash flow of the property.". I've been watching countless, super helpful videos on Youtube by Graham Stephan and more. 7-13 Jun 2023. Well, thank you for sharing that and for your time. 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. You fill it out. He pursued and matriculated with a bachelors degree in Business Administration and Management General in 1990. Over the course of his life, McElroy was accused of dozens of felonies, including assault, child molestation, statutory rape, arson . Ken shares his knowledge as the Real Estate Advisor to Robert Kiyosaki of The Rich Dad Company, a Forbes Council Member, with contributions to . Like, how long have you had investors? Real Estate Titans offers an insider's view into several of the most successful investors on the planet. Commercial-Free YouTube Videos . How did I not know about this? Literally, I had to fire the manager and the two assistant managers, and I was there by myself. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); You dont have to come from money to build wealth. Its in a 55-age restricted community. Ken oversees the company's asset portfolio and leads the day . But moreover than that, there are so many people that dont even have basic human rights and human freedoms. Youve done that. Ken McElroy: Yeah. So thats what I did. The seniors didnt want to walk up the stairs. What a mindset shift. And then when I read Cashflow Quadrant, I was like just totally blown away. Virtual Happy Hour with Ken Weve been to Russia, Asia, Australia multiple times, all over Europe, all over the US, Canada, Mexico, Spain, you name it. Real Estate investing seems like an exciting field and for the past month, I have been doing research every day on it. Where can we find you? And so, we went all over the world together, and now Ive now written six books, I think. We believe that everyone deserves financial freedom. The idea. 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. What was the market for that? 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, we gave out, gosh, we were giving out $5,000 and $10,000 grants to families during that out of our foundation to our own people. 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. Premium Articles 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. And I kind of have this philosophy that as long as someone in my network is an expert at the thing, if Im going to spend money on it, I might as well do it inside my family, my family of friends. Day 9. Justin Donald: Now, Ken, youre used to just like doing some property management, youve got a single-family home, maybe youve picked up one or two more at this time but like this is a big move to move from property management on other peoples stuff. I didnt know anyone when I was young that was a business owner that invested as a profession. I didnt know what I was doing but, thankfully, property management was kind of my ticket for my next eight years. And then my friend, he started California Closets and he was one of the founders at EO. Ive read every book but it was the first book I ever read on real estate. I actually just need to go find the deals. And so, were involved in a community. Premium Videos & Mini-Courses So, Im coming out with the new revised version next year but that book has been great, tried and true. Lets try to scale it. And so, that happened and then I joined EO. 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. We were talking about a few other people in your pipeline that you did this. 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. Youve made a career of being able to have these long-term relationships. You know, it reminds me when I was younger. Associated persons: John N Mcelroy, Karen S Mcelroy . Ken McElroy Age. MC Companies has been on the scene for the last 23 years, and it is only growing stronger every year. Stop bullsh*tting yourself. Here is a list of the top 18 real estate books to read in 2023. 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. Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. 14 Jun 2023. You know, now its kind of old news but this is like, this is going to happen. And so, thats when I started to be more intentional. I go, Look at this brochure. And just the whole thing was just awesome and at the same time, running my business, growing the company, buying assets, and obviously did very well by Robert and Kim and grateful that they had the confidence in our company. Hes a general contractor. So, I love it that you do that. Justin Donald: Well, Ken, Im so excited to have you on the show. Review:The Abc's of Real Estate Investing:Ken McElroy. And that was a good differentiator because most people wont work that hard. The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. We have five core values and one of them is be giving. Youre neighbors now. Investor, Entrepreneur, Best-selling Author, Rich Dad Real Estate Advisor. And then as you would imagine and not by any kind of design, that attracts a different kind of employee. And hes a little bit older than me and has a little more experience, too. And so, that was really cool. Monthly Webinar 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. (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. Real Estate Investor Author Entrepreneur Partner at MC Companies 1 Billion AUM C-Suite Radio Host. The Advanced Guide To Real Estate Investing . Its probably worth $50M now. Ken McElroy, The good thing when youre young is that you dont know any better. And Ill tell you, really, you want some purpose. You started knocking on doors, calling, and trying to figure out people that had money. Ken McElroy. It was a small property that barely turned a profit, but it didnt matter. 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. He is a man of average stature. Its awesome unless they have to which is rare. Get 59 Ken McElroy coupon codes and promo codes at CouponBirds. Its, well, untraditional I think like everybody gets into real estate. Were you underpaying? I would bring them on a lot of those trips. I dont know the exact number that we give out every year now. Advice for people interested in investing in real estate. They rescued over 500 kids last month. McElroys net worth is $20 Million. Discounts on Upcoming Courses. Ken McElroy: Tell the truth, be authentic, be transparent and it will work out. 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. 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. Day 1. With over $700 million investment dollars in real estate, Ken . "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 . And one day I was like Im on the wrong side of the desk here. Get & Download PDF Who ABCs of Real Real Invest - Ken McElroy Free, Update the latest option with high-quality. 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. Were you overpaying? File your taxes using a step-by-step process - Build your real estate portfolio The ABCs of Getting Out of Debt - Garrett Sutton 2013-02-28 In difficult times, debt can be a matter of life and death, happiness . Im like, Oh my gosh, I completely blew off Rob. comprehensive coverage of real estate concepts as well as a detailed overview of the industry. And the way that worked back then was that you got whatever you collected over a certain amount. 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. 2.22K. The book's compelling stories and lessons show why real estate is . Ive got to assume you didnt have this yourself. You can browse from a library of mini-courses, articles bonus podcast questions, and property management sample forms. Ken has held many board positions with the Arizona Multi-Housing Association with the most recent as past Chairman of the Board. Im the guy that gets the call and says, Hey, heres a property. Ken got his start during college, when he took a job managing an apartment complex . So, on Sunday morning I woke up. 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 This Episode, You Will Learn: How to start from the bottom and work your way to the top. 4,377 Following. Ken McElroy: Yeah. We had a good time in Dallas, thats for sure. Ken McElroy has an estimated net worth of $20 million. 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. These are timeless principles that anyone can use to pick out high-performing investments that produce passive cash flow streams reliably and immediately. 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? And so, I had a wrestling scholarship, thankfully, and I got in that way. Were a very giving company. We need these changes to our zoning code to support better development patterns that incentivize affordable and sustainable housing. McElroys mother worked as a hairdresser and his father a contractor. Thanks. Its because in Arizona, things are easily $300 a door right now and in some cases $400 a unit. And he turned me onto his buddies and, as you know, the power of the math like once they saw the deal and they start to see the return and they were excited about the senior market because even in the 90s, they were talking about the aging baby boomers. Honestly, it was an incredible experience. So, Im like, How hard could it be to collect rent and pay a few bills and keep the place clean? And, boy, that was when my lessons started. 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. Thank you. The turning point came when the property owner dropped by the office to pick up his check for the month. He is also a contributor for The Real Book of Real Estate.
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