We . Our investors are happy. 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 So, kudos to you for having such an impeccable reputation. Were you underpaying? Ken McElroy: Yeah. Just always try to be an exchange of equal value. So, yeah, I didnt want to fail so I did it. Now, this book is a few years old, so, you know, I'm sure some things have changed. You fill it out. I would ask him questions. MC Companies has been on the scene for the last 23 years, and it is only growing stronger every year. Its awesome unless they have to which is rare. Here youll discover a place that reflects Kens passion for real estate and helping others, where investors from all walks of life can learn, grow, and thrive. What began as a way to simply cover his room and board ignited his entrepreneurial spirit. 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.. And then he asked me, hes like, Hey, do you want to come to one of my events? I swear this is true. Free shipping for many products! Im like, Oh my gosh, I completely blew off Rob. Save $60 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. 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. For over two decades, Ken McElroy has experienced great success in the real estate world through investment analysis, acquisitions, property management, and property development. 22:37. So, on Sunday morning I woke up. in ZEBULON, GA on realtor.com, your source for top rated real estate professionals. So thats what I did. And for what its worth, I loved your book. Yeah. 4,377 Following. In fact, that is one of our core values is to be giving. Im having fun. Its a true story about buying any unit building and how to do it. The price for membership is $299.00 per Year. And what happens is people recognize as you put stuff out there, you put books out there, you put podcasts out there, and all of a sudden one day Tony called, and Robert and Tony have a history too, which I didnt know, a good history of studying together years ago. This is working. 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! Its funny. Justin Donald: I love it. Day 2-8. 13145 Old Farm Dr, St Louis. I mean, these are people that had a huge impact whether they know it or not. And, boy, did I have an education at that place. Deals get done almost on a napkin now. And one of those is relationships. Building on the foundation of real estate investment 101, McElroy tells readers: . 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 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? 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. Ken McElroy: Tell the truth, be authentic, be transparent and it will work out. Connect with the Guest: Website:https . 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. Ken McElroy, The ABCs of Real Estate . Mc Companies is a longstanding real estate investment company based in Arizona. It just didnt matter. 1) Find the Market Trend. And so, thats what I did. And so, then what we did was we ended up doing partnerships with our vendors. 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 . So, I love it that you do that. Its, well, untraditional I think like everybody gets into real estate. Youre neighbors now. I mean, any time youre mentioning something with the word billions, you know that youre doing something right. 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. Ask Ken Questions She lived in Conway, Missouri, and apparently died of cancer. And so, I said, This is kind of cool. So, I go up on stage. If you can prove that you can make money, investors want to give it to you. How did I not know about this? Justin Donald: Thats awesome. Why relationships are the foundation for success. And so, that was really cool. The seniors didnt want to walk up the stairs. It doesnt take much like you can make a commitment in seconds. 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. So, welcome. And you know, in the last five years, we hired a full-time director of philanthropy. Media Personality Scottsdale, AZ kenmcelroy.com Joined May 2009. He owns over 10,000 units in Manhattan. And so, obviously, when something like that happens you have to evaluate things. But your story is incredible, and Id love to have you share some of it here with our audience. On your own asset, maybe you only have one at a time. So, it was, Hey, figure out a way to go to college and to pay for it. And so, Im like, Well, okay. So, then I really got involved and I said, Okay. And thats really taken off. Table of Contents. Lets designate a bunch of money from our properties into these foundations and bring on this director, so which we did. And I start with my rich uncle. Monthly Webinar Get 59 Ken McElroy coupon codes and promo codes at CouponBirds. Obituary daughter ken rex mcelroy. In addition, he co-hosts a weekly business podcast, Real Estate Strategies with Danille. So, this would have been almost 25 years ago, I guess. 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. I always tell people because when I first started, it took me a long time to get into real estate. Honestly, it was an incredible experience. 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 had no idea. 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. Overcoming the limiting belief that you need money in order to make a deal happen. And what that turned into was a full-time Director of Philanthropy. And so, for me, I was already headed down that track but then it just solidified all of it. Mc Companies is a longstanding real estate investment company based in Arizona. And so, its really interesting seeing this world kind of just come together here. And I was scared to death. . The ABCs of Real Estate Investing by Ken McElroy - Complete Book Summary. The murder occurred in broad daylight, with as many as sixty eye-witnesses present . He is the owner of MC Companies in Scottdale since 2000. Ken has transacted over $1 billion in real estate. 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. It was cool hearing all that he knew and hes actually from Redmond, Washington, or lives there right now, so just outside Seattle. And a lot of times their options are financial planners of the stock market. So, Im coming out with the new revised version next year but that book has been great, tried and true. 7-13 Jun 2023. It was a senior and it still is a senior property. Today, Ken is committed to helping as many people as possible to achieve financial freedom through real . Lot Of 4 Rich Dad Advisors Real Estate Books - Ken McElroy Garrett Sutton VG. And so, we said, Okay. 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. And when you have the thing that others want who have money, it is really easy to raise it. In this week's podcast, Rich Dad Advisor Ken McElroy shares his story of . They had just sold their business and Rich Dad Poor Dad had just been released. The price for membership is $29.99 per Month. I didnt know anyone when I was young that was a business owner that invested as a profession. Now, theyre all podcasts and things like that. And then for about a year, they passed on everything. Justin Donald: Thats so great. So, I just wanted to share that with you, and it was really neat when we got a chance to meet. So, for example, lets just use Robert. Justin Donald: So, what was the first property that you bought? In addition, he is the author of The Sleeping Giant and The ABCs of Real Estate Investing. Danielle F Bednarski, Danielle Frances Knouse, Danielle Francis Mcelroy. 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. Ken is a Rich Dad Advisor to Robert Kiyosaki ("Rich . 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). Commercial-Free YouTube Videos Ken McElroy: Thanks. 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. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. And so much of what youre saying is just spot on, especially with like the deal terms. And I remember my son, my older son, coming over here in about an hour, I said, So, what was your takeaway from the whole week of that week and the climb in the mountain, which took another two weeks? He said, I cant believe how happy these people are and how little they had. And I was like, All right, good for you. Because when youre around that stuff and you immerse yourself in that stuff, you start to realize how lucky, how grateful actually we really are. We do have something for your listeners. Ken McElroy: Yeah, its true. 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. Thanks. 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. Ken lives with his family in Scottsdale, Arizona. And then thats when I realize theres all these people out there trying to learn. And so, I remember I read Rich Dad Poor Dad and I was like, This is incredible. he has worked as a Real Estate Investor, Author, and Entrepreneur for over 20 years. . Reviews go a long way in helping us build awareness so that we can impact even more people. And when you have the thing that others want who have money, it is really easy to raise it. Premium Videos & Mini-Courses (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. 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. ' 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. And if the deal is good enough, the money will show up. And thats the truth. And I sat down with him and well, first of all, the first thing I did is Im like, Okay. 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. Obviously, its not perfect. Upon graduating with his high school diploma, McElroy enrolled at the Pacific Lutheran University School of Business in 1986. 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. In fact, theyre opening nine more locations and theyre just doing incredible work. As of now, McElroy has managed over $1 billion worth of properties. Ken McElroy on the Art of Entrepreneurship. Ken McElroy: Thank you. 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 how I started and it was interesting and it was all on a handshake from the guy that allowed me to manage it. 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. Back then we didnt have the internet and trying to figure out people that had money. And so, its been a heck of a fun journey, honestly, just speaking with all of these different folks over the years. Since then, Ken has experienced great success in the real estate world from investment analysis and property management to acquisitions and property development. I was taught the same as everybody else. He shares his insights and experiences on his podcast, Real Estate Strategies with Ken McElroy, and on his wildly popular YouTube channel. 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. Key Takeaways with Ken McElroy. Ken McElroy is a famous Real Estate Investor, Author, and Entrepreneur. You did this with Robert. 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 believe that you had to have a bunch of money in the bank. It is clear and concise as can be, and really easy to read because the font size is a . 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. Then we ended up doing partnerships with our vendors. He co-hosts the podcast with Danille and delves into a wide range of topics related to real estate. So, all this stuff starts to happen. He attended college through an athletic opportunity. The old code will just perpetuate the development patterns we have. Let me show you how to make the most out of your opportunities. Justin Donald: Yeah. Ive owned and built self-storages and office buildings and condo projects and single-family. 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. "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 . A major factor in Ken's real estate success is his brand, MC Companies. 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. 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. But if I called you up right now and I said, Hey, we buy it for this. You know, its beautiful, right? 6) Create Your Investment Checklist. 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 . What was the market for that? And so, I poured myself into that and thats been a labor of love. There is a point in time before you knew him youve had success before you ever met Robert but you guys became great friends. Apart from working as a real estate investor, he has authored several books. But there's a LOT more to Ken McElroy than his association with Robert Kiyosaki. Try NOW! First time Ive been on stage and hes like, Tell them what you do, and he walked off. Obviously, its not perfect. Media. 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 is it? I had no idea he did seminars or anything and hes like, Yeah. Justin Donald: Thats incredible. Its not for us. TheABCs of Property Management: What You Need to Know to Maximize Your Money Now. So, the two of us together, were still together and hes an incredible friend. 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. His name is Ken McElroy and he is the CEO of MC Companies, a real estate company that today holds over $1 billion in real estate investments. Its kind of fun. And then, of course, philanthropy comes from there. 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. Ask Ken Questions You have to evaluate your relationships with your people and you just never know when that is. What you do need is a strong work ethic, solid relationships, and a willingness to put yourself out there! 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. But Robert and I were at a conference in New York with Trump, and I remember we were walking through the Javits Center and theres this booth. I was supposed to be there Friday or Saturday, totally forgot. In addition, he is the author of The Sleeping Giant and The ABCs of Real Estate Investing. And one of my professors at the school did what you did to a certain degree where he was property manager. 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. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. Justin Donald: Unbelievable. Im not getting paid. Ken McElroy has generated over $750 million investment dollars in real estate. . He was born to hardworking parents and grew up in a state in the United States. And so, I remember that my mentors were authors. 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. Its interesting because you talk about how and I remember when we first met youre like, Yeah. Right now, I own about not quite 1.5 billion. Its great to see you again. But what really happened, which was really interesting was we had quite a bit of money in the foundation and then the pandemic hit. I know like, well, I climbed Kilimanjaro twice with my kids. 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. As per sources, he has assets of $750 million in real estate. (The two have very different views, but still good to know) Its 182 units. Also, he offers advice on finance, budgeting, the entrepreneur mindset, and creating passive income. 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. Ive now written six books. These are timeless principles that anyone can use to pick out high-performing investments that produce passive cash flow streams reliably and immediately. Where can we find you? Ken McElroy: Its so true, Justin. It was Robert. Ill be there. So, I forgot. comprehensive coverage of real estate concepts as well as a detailed overview of the industry.

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