And, as you know, the world is made up of reciprocity. Im going to take this over, and I became the chairman of the walk for two years while he was recovering. Investing Calculators Apart from working as a real estate investor, he has authored several books. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. So, welcome. And so, thats when I started to be more intentional. 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. Justin Donald: Thats so great. 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. Commercial-Free YouTube Videos 4,377 Following. Thanks so much. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Take advantage of my community forum, where you can connect with people just like you. 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. Overcoming the limiting belief that you need money in order to make a deal happen. The money like you have a good deal, trust me, money is the easiest thing to come by, even when you dont have it. And then shes like, Youre going to get swamped, because all I did was talk about what I was working on. He pursued and matriculated with a bachelors degree in Business Administration and Management General in 1990. Get Your Copy Analyze Deals Like a Professional Investor PDF El Abc De Invertir En Bienes Raices Ken Mcelroy Pdf Pdf Copy And I was scared to death. I mean, you hear the right deal and youre in. Like, was that a fair price? The ABCs of Real Estate Investing - Ken McElroy PDF 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. Ken McElroy: Thanks. And that was a good differentiator because most people wont work that hard. In addition, he co-hosts a weekly business podcast, Real Estate Strategies with Danille. I didnt know what I was doing but, thankfully, property management was kind of my ticket for my next eight years. This is working. 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? . 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. But then I jumped right up and bought a property that I was managing, and I still own it. Then we ended up doing partnerships with our vendors. You can browse from a library of mini-courses, articles bonus podcast questions, and property management sample forms. Upon graduating with his high school diploma, McElroy enrolled at the Pacific Lutheran University School of Business in 1986. The Old 97's. When: 7 p.m. Tuesday. I understand this and I love spending time there and time as far as treasures, right? He also was prominent in organizing the Pueblo Businessmen's association, and was regarded here as a real business leader. And the way that worked back then was that you got whatever you collected over a certain amount. I can do this. Now, this book is a few years old, so, you know, I'm sure some things have changed. Id go there and get there at 5 a.m., help set up, help with registration, whatever I needed to do. 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. 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. Ken McElroy. 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. Justin Donald: We did. Its great to see you again. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); You dont have to come from money to build wealth. 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). It was Tom Wheelwright. 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. And you know, its interesting, my parents werent able to afford my education either. "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 Ken McElroy: Well, thank you. Lot Of 4 Rich Dad Advisors Real Estate Books - Ken McElroy - eBay 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 mean, plain as day, I was like, Hey, Im out buying properties and Im looking for capital. So, on Sunday morning I woke up. 5) Now Calculate the Exact Value of the Property. I lived in Lincoln Park and I would walk by these 3 flats and 4 flats, and I just wanted to buy one so bad. 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. About Ken McElroy | Real Estate Education with Ken McElroy Mc Companies is a longstanding real estate investment company based in Arizona. So, the two of us together, were still together and hes an incredible friend. 665: Best of Old Dawg's REI Network Podcast - The ABCs of Real Estate Management. Premium Newsletter Presumed owner of the real estate located at 13201 N 69th St, Scottsdale. Premium Newsletter 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. So, I just go when I can around my family. Ken McElroy: Yeah, its true. Is that right? You know, it reminds me when I was younger. 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. Otherwise, youre not going to go. And bless their hearts, they wanted to help so much, and even inside the first semester, they did what they could to like be supportive and theyre just incredible parents. 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? And the industry is very, very interesting and its a lot more collaborative than people might think. 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. The turning point came when the property owner dropped by the office to pick up his check for the month. The process behind transitioning into investing and landlording. I had to learn that. The job ignited his entrepreneurial spirit and his turning point came as he was picking up his check. I already have my rich uncle. He shares his expertise with thousands of people around the world through his immensely popular YouTube channel, and is a sought-after speaker on real estate investing at events around the world. of Bluffton, SC passed away on 7/25/2020 . Ken McElroy - MC Companies And so, like you have your book, right? Well, each kid I brought up, we summited. So, they set a certain number and then you got kind of that over. What is it? I had no idea he did seminars or anything and hes like, Yeah. Our turnover was almost nothing. And in my EO chapter, there was a guy that knew Robert and I was raising capital. Would you clean it up and fix it up? And Im grateful. Ken shares his knowledge as the Real Estate Advisor to Robert Kiyosaki of The Rich Dad Company, a Forbes Council Member, with contributions to . 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. Despite being a renowned Real Estate Investor and Author, McElroy has kept details regarding his marital status confidential. And I, of course, because I make a lot of money on my real estate, I dont even know why Im speaking. Hes involved with development, construction and property management. And I think that people could learn that lesson. And if you guys know anybody that is interested, let me know. And so, I got a referral. Hes a general contractor. And so, that was really cool. 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. MC Companies has been on the scene for the last 23 years, and it is only growing stronger every year. And so, Im like, Well, okay. So, then I really got involved and I said, Okay. And we had gotten a chance to connect before that but it was cool here in his perspective and his story of you and how you guys met and the whole nine yards. Advice for people interested in investing in real estate. 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. Its kind of fun. 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 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. Deals get done almost on a napkin now. His career kicked off while in college as he took a job managing an apartment complex. Photos not available for this variation. He was a real estate attorney, still my attorney, by the way, and an incredible friend. He attended college through an athletic opportunity. Ken McElroy - CEO / Co-Founder - MC Companies | LinkedIn It is your completely own grow old to sham reviewing habit. With real estate's relatively predictable cash flow, I believe it's still a sensible way to invest for the long term. In this episode, Ken talks about his unbelievable journey and his steps to go from property manager to property owner. Its so neat to just see how these worlds collide and who knows who and, I mean, one conversation, one relationship in the trajectory of change for the direction of your life, like the gravity of that one intersection is just mind-boggling. Town Mute for 30 Years About a Bully's Killing - New York Times Condition: Very Good. Im like, Oh my God, I need to go up at least apologize. I walk in and theres like 400 people in the room and its a full seminar with all this stuff going on the walls and theres stages and he sees me come in and hes like, Kenny, come on up. He doesnt care that I wasnt there the first two days because they have, obviously, enough going on. Obviously, its not perfect. PDF El Libro Negro De Los Secretos De Entrenamiento Spanish Like, where would I hang out with them? The common theme was that I should get involved in philanthropies. Its, well, untraditional I think like everybody gets into real estate. On your own asset, maybe you only have one at a time. We believe that everyone deserves financial freedom. And I know youve experienced that as well. He is the owner of MC Companies in Scottdale since 2000. . I learned today that Trena McElroy, Ken McElroy's former wife, died on January 28, 2012. Ken McElroy 2020-09-29 Many Americans dream of financial freedom, but they're stuck in dead- . 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. Ken McElroy: Oh, yeah. Ken McElroy on Building a Billion Dollar Real Estate Empire EP 61, In property management, I was creating all this value for other people. He is the owner of MC Companies in Scottdale since 2000. 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. But if I called you up right now and I said, Hey, we buy it for this. Ken McElroy - Facebook Tri-County Obituaries 1V You can also help by providing an honest rating & review over on Apple Podcasts. And so, just scrapping it out, trying to be a little more educated than I was. Ken McElroy: Sure. Click to enjoy the latest deals and coupons of Ken McElroy and save up to 70% when making purchase at checkout. Its always a primary issue in our firm, and as you would imagine, that attracts a different kind of employee. Its about understanding that determination and self-motivation are the real keys to thriving. You did this with Robert. Free shipping for many products! 7-13 Jun 2023. You raise the first floor and theres a bunch of other things that we did but we ended up filling it up. Ken McElroy was born in United States on June 1, 1934. 13145 Old Farm Dr, St Louis. The ABC's of Real Estate Investing Quotes by Ken McElroy - Goodreads I mean, just go google it. To get your questions answered and learn more about Ke. 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. 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. Rich Dad's Advisors: The ABC's of Property Management - Ken McElroy 2008-09-12 I wish I would have forgiven. 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. Stop bullshitting yourself: Be authentic, be transparent, and it will work out. Ken McElroy. 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. Ken McElroy Net Worth 2023: How Wealthy is the Real Estate Investor Review:The Abc's of Real Estate Investing:Ken McElroy. Im having fun. And so, I am relationship first and business is actually pretty low on the category for me. Justin Donald: So, what was the first property that you bought? Mc Companies is a longstanding real estate investment company based in Arizona. The story of how Ken went from managing an apartment building as a broke college student, to acquiring over $3B in real estate. I'm enjoying Ken McElroy's content and see he has a RE Master Class for $450. 22:37. Ken got his start during college, when he took a job managing an apartment complex. McElroys net worth is $20 Million. You know, its really funny because your reputation really precedes you on a few different levels. McElroy is a famous Real Estate Investor, Author, and Entrepreneur. Justin Donald: I love it. In addition, he is the author of The Sleeping Giant and The ABCs of Real Estate Investing. We need these changes to our zoning code to support better development patterns that incentivize affordable and sustainable housing. More Important Than Money: an Entrepreneurs Team. 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. Although Trena rode with McElroy at the end, she was victimized by him at age 12. 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. It was a senior and it still is a senior property. So, I started small and made small mistakes but I was in the property management business, so I actually was pretty good at keeping it full and managing it and all that. Ken McElroy Age. in ZEBULON, GA on realtor.com, your source for top rated real estate professionals. I received this book 2 days ago, and I have already finished reading it . I believe that you had to have a bunch of money in the bank. Watermark-Free Sample Forms Rich Dad's Advisors: The ABC's of Real Estate Investing: The - eBay I know like, well, I climbed Kilimanjaro twice with my kids. The price for membership is $299.00 per Year. in the course of guides you could enjoy now . 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. 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. He is probably mulling over a deal right this second. I bought it over 20 years ago. And what that turned into was a full-time Director of Philanthropy. In his podcast, he shares his personal experiences and the strategies hes implemented throughout his career. It is like the same excuses, almost exact. Robert had me on stage. I just go when I can, around my family: I put my family first. Your book, The ABCs of Buying Rental Property, was the third book I read in the Rich Dad Poor Dad series. 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. And so, now I love it because Ive come full circle. Price: US $99.99. But Im still the first person in our extended family to actually graduate from college. If you can prove that you can make money, investors want to give it to you. And if the deal is good enough, the money will show up. And thats the truth. Old 97's feel comfortable opening up on new album To date, he has acquired and sold in excess of $1 billion in commercial real estate. 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. You know, its beautiful, right? 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. Thats awesome. 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. RICH DAD'S ADVISORS: THE ABC'S OF REAL ESTATE INVESTING: By Ken Mcelroy Vail, Thomas E. Thomas E. Vail - Huerfano World - December 9, 1993 - Thomas E. Vail died Thursday, Dec. 2,1 993 in his La Veta home. First time Ive been on stage and hes like, Tell them what you do, and he walked off. 3. We have at KenMcElroy.com/LifestyleInvestor we actually have a test that says, What kind of investor are you? So, you can maybe try that. More Information. 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. And Ill tell you, really, you want some purpose. So, I love it that you do that. 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. Real Estate Titans offers an insider's view into several of the most successful investors on the planet. Dec. 15, 2010. The Smallbiz Brain. What a mindset shift. And then when I read Cashflow Quadrant, I was like just totally blown away. This channel is a place for . Together with his real estate investment company, MC Companies, Ken has transacted over $1 billion in real estate. 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. Ken McElroy is the co-partner of . It is clear and concise as can be, and really easy to read because the font size is a . Today, Ken is committed to helping as many people as possible to achieve financial freedom through real . What you do need is a strong work ethic, solid relationships, and a willingness to put yourself out there! Building on the foundation of real estate investment 101, McElroy tells readers: . And you look at the table and its like a bound book. Media. Ken is passionate about educating others so that they too can experience financial freedom through real estate investing. But what happened when I did find is that the deal drives the investor. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. Real Estate Market 2023 - Robert Kiyosaki, @KenMcElroy Justin Donald: Thats incredible. Justin Donald: Yeah, thats incredible. Let us show you how to get there. Justin Donald: Well, Ken, Im so excited to have you on the show. ' 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. Sure. And I spoke with someone else earlier that also knew you. I started small and made small mistakes, but I was in the property management business. I mean, these are people that had a huge impact whether they know it or not. I would bring them on a lot of those trips. In the 90s too. 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. Thanks. I actually was pretty good at keeping it full and managing it. . My Inner Circle Membership provides a space for real estate investors to learn, make connections, and get expert advice. Ive never heard him speak so highly of anyone before. Real Estate investing seems like an exciting field and for the past month, I have been doing research every day on it. We . I say this often in my podcast that the people that I meet and get to know better, its so fun. 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. TheABCs of Property Management: What You Need to Know to Maximize Your Money Now. 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. This is a self-guided course with worksheets and real-life examples. Ken McElroy, The ABCs of Real Estate . So, it was, Hey, figure out a way to go to college and to pay for it. And so, I wanted the money of the book, the profits, to go towards charitable organizations. And if you look at our website, its to invest, to live, to play, to give. Its in a 55-age restricted community. Its not for us. Since then, Ken has experienced great success in the real estate world from investment analysis and property management to acquisitions and property development. 14. PDF Real Estate Finance And Investments 15th Edition I love shining a light on Love Justice International because they are stopping human trafficking in 17 countries around the world. Is Ken McElroy Master Class any good? - BiggerPockets And so, I had flip-flops on, shorts, and a t-shirt. 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. And so, I said, This is kind of cool. And he was one of the richest. 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. Ken McElroy is a famous Real Estate Investor, Author, and Entrepreneur. Expert Real Estate Outlook in 2023 - Robert Kiyosaki and @KenMcElroy