View Full Itinerary. If you can prove that you can make money, investors want to give it to you. I didnt know any better. The price for membership is $299.00 per Year. As my friend says, Way leads the way leads the way. Its just things connect as you get into motion. In addition, the podcast contains 284 episodes as of April 19, 2023. But your story is incredible, and Id love to have you share some of it here with our audience. Its because in Arizona, things are easily $300 a door right now and in some cases $400 a unit. And one of my professors at the school did what you did to a certain degree where he was property manager. And a lot of times their options are financial planners of the stock market. of Bluffton, SC passed away on 7/25/2020 . So, I just go when I can around my family. Justin Donald: Ken, that is incredible, and I love that you were able to use your foundation to support your own team and staff in a time of need and of crisis. 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. Youve done that. It is clear and concise as can be, and really easy to read because the font size is a . So, weve sold off some of those and we do development, construction, property management, all in-house. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. Ken Rex McElroy was shot dead inside his pick-up truck on the 10th of July, 1981, via a storm of bullets. Ken McElroy on the Art of Entrepreneurship. Replies. In his account, he shares his over two decades of experience as a real estate investor. I was like, well, the good thing when youre young is that you dont know any better, and I didnt know any better. Ken has held many board positions with the Arizona Multi-Housing Association with the most recent as past Chairman of the Board. Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. I put my family first and I would bring them on a lot of those trips. It was a senior and it still is a senior property. 14 Jun 2023. 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. Would you clean it up and fix it up? And Im grateful. Ken McElroy: Yeah, its true. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. Media. Discounts on Upcoming Courses. Review:The Abc's of Real Estate Investing:Ken McElroy. Honestly, it was an incredible experience. And the issue when I came on was that all the downstairs were full and all the upstairs werent for obvious reasons, right? [] And I spoke with someone else earlier that also knew you. Justin Donald: Unbelievable. I'm looking to buy small multifamily and notice that his specialty is large complexes, resorts, mobile home parks, and other large scale commercial properties. And so, now I love it because Ive come full circle. THANK YOU! Over the course of his life, McElroy was accused of dozens of felonies, including assault, child molestation, statutory rape, arson . His career kicked off while in college as he took a job managing an apartment complex. I understand this and I love spending time there and time as far as treasures, right? Again, Justin, you just got to like put yourself out there and you just got to put things in motion and anybody listen, I grew up like you very humbly and thinking that this is where I was going to be for the rest of my life, and I just continue to work hard. 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. We have five core values and one of them is be giving. Because when we officially met, I hadnt even connected the dots yet when you said, Oh, yeah, I was that guy that wrote it. I was like, Ah. You hold a special place in my heart. Condition: Very Good. Ill teach you how to organize your finances, find tenants, and discover tax-friendly ways to reinvest your profits. 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. The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. Thats incredible. Right now, I own about not quite 1.5 billion. I would bring them on a lot of those trips. And well catch you next week. SKIDMORE, Mo. Fueled by that determination, Ken bought his first investment property not long afterwards. 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 Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. I mean, just go google it. And we didnt lay anybody off, of course, but some of our employees families had been severely impacted. As per sources, he has assets of $750 million in real estate. And thats just really just taken off. The money like you have a good deal, trust me, money is the easiest thing to come by, even when you dont have it. But if I called you up right now and I said, Hey, we buy it for this. This is probably $5 or $10 just this one. I go, The deal, its interesting. I go, The bigger the brochure, the worse the deal. And he started laughing and we started saying, kind of to your point, like deals get done almost on a napkin now like the high math. And in my EO chapter, there was a guy that knew Robert and I was raising capital. Ken McElroy: It is. Mc Companies is a longstanding real estate investment company based in Arizona. 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. So, on Sunday morning I woke up. They had just sold their business and Rich Dad Poor Dad had just been released. old pros as well as novice investors, this friendly, straightforward guide walks readers step by step through every stage of property analysis. When my dad passed 10 years ago, I got to learn all about hospice and all of that. learning, playing and networking until we pack up and go home on Wednesday, June 14th, 2023. It has links to get to the company, which is MC Companies. Also, he offers advice on finance, budgeting, the entrepreneur mindset, and creating passive income. 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. Just always try to be an exchange of equal value. And so, I just kind of hung my hat on that and said this lifestyle living, it wasnt an assisted care, congregate care, or lifestyle living. Investing Calculators This is working. Today, Ken is committed to helping as many people as possible to achieve financial freedom through real estate. Ken McElroy: I didnt overpay. Id love for my audience to learn more about you. And if the deal is good enough, the money will show up. And thats the truth. And I, of course, because I make a lot of money on my real estate, I dont even know why Im speaking. 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. Find many great new & used options and get the best deals for RICH DAD'S ADVISORS: THE ABC'S OF REAL ESTATE INVESTING: By Ken Mcelroy *VG+* at the best online prices at eBay! This is your ultimate guide to investing in rental properties, whether you have a hundred dollars in the bank or a hundred thousand. These are timeless principles that anyone can use to pick out high-performing investments that produce passive cash flow streams reliably and immediately. And what that turned into was a full-time Director of Philanthropy. And one day I was like Im on the wrong side of the desk here. 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. Justin Donald: Yeah. And so, then what we did was we ended up doing partnerships with our vendors. Lot Of 4 Rich Dad Advisors Real Estate Books - Ken McElroy Garrett Sutton VG. You know, theyre like, Oh, this guy is like buying buildings now, and then the debt guys show up. Im like, Oh my gosh, I completely blew off Rob. If you can find a good deal, the money will always follow. It is like the same excuses, almost exact. What was the market for that? Associated persons: John N Mcelroy, Karen S Mcelroy . Awesome, Justin. We do have something for your listeners. in the course of guides you could enjoy now . In addition, he is the author of The Sleeping Giant and The ABCs of Real Estate Investing. Its kind of fun. Yeah, Ill come. 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. 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. He is probably mulling over a deal right this second. So, welcome. I say this often in my podcast that the people that I meet and get to know better, its so fun. . 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. Why relationships are the foundation for success. But there's a LOT more to Ken McElroy than his association with Robert Kiyosaki. 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. [] Please watch or listen to the full episode here. The Smallbiz Brain. Monthly Webinar Take the Quiz to find out! It was a small property that barely turned a profit, but it didnt matter. I already have my rich uncle. 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. And the way that worked back then was that you got whatever you collected over a certain amount. Media Personality Scottsdale, AZ kenmcelroy.com Joined May 2009. According to real estate guru Ken McElroy, We have a great company culture. 6 Jun 2023. Ken McElroy: Its so true, Justin. Were a very giving company. Get & Download PDF Who ABCs of Real Real Invest - Ken McElroy Free, Update the latest option with high-quality. Ken McElroy has experienced massive success in the real estate world-from investment analysis and property management to acquisitions and property development. He was born to hardworking parents and grew up in a state in the United States. Well, the best way is KenMcElroy.com and on there, youre going to find all kinds of stuff. Ken McElroy: Well, thank you. Tweets. Its really an incredible thing that theyre doing and it gives me so much joy to see the impact that this focused energy and really just the book itself has been able to create. Justin Donald: Thats so great. Associated persons: Joseph J Knouse . Ken founded McElroy Management in 1998, and in 2001 merged his company with Ross McCallister, creating MC Companies. In this episode, Ken talks about his unbelievable journey and his steps to go from property manager to property owner. Im not getting paid. 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? Its awesome unless they have to which is rare. Ill outwork: Thats the kind of wrestler I was too. Robert Helms, one of the hosts of The Real Estate Guys Radio, personally knows him as his attorney. I've been watching countless, super helpful videos on Youtube by Graham Stephan and more. He was on the Forbes list at the time in New York, and I called him up and I remember as plain as day I was walking through the Portland airport and I was on the phone with him and we cut a deal right then over the phone almost in a handshake and hes like, Ill send over the documents. And its a long story behind it but I had his trust as being the property manager for a while because it had a rough start, I fixed it, and he had one investment. Obituary daughter ken rex mcelroy. So, the call right before this was with a lifestyle investor mastermind applicant. And hes a little bit older than me and has a little more experience, too. And I think that people could learn that lesson. 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. But we used an arms length. McElroy is around 55 years oldalthough details regarding the date and year he was born remain unknown. Ken decided that one day he would be on the other side of the desk, picking up his own check. 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. You know, hes very bright, very smart, way smarter than me in a lot of ways. 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 like a lot of people, thats how you started. Tony Robbins. 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. And then for about a year, they passed on everything. Like, that to me is something to pay attention to. They rescued over 500 kids last month. And so, I had a wrestling scholarship, thankfully, and I got in that way. 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. Moreover, he bought his first investment property not long afterward. 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. 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. Then we ended up doing partnerships with our vendors. 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 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. The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. 3pm - 6pm. 4,377 Following. He called and said, Listen, Ive got only a year to live, and he got diagnosed with cancer. Ken McElroy is the co-partner of . So, when you are willing to do it and when you have the resume to back it up or the reputation to back it up, it is much easier to raise money. behind Ken's fourth book, The Sleeping Giant, is to help inspire people to believe So, I just wanted to share that with you, and it was really neat when we got a chance to meet. He is the owner of MC Companies in Scottdale since 2000. So, everybodys all in sport coats and Im in t-shirt and shorts. That was my first job. . The turning point came when the property owner dropped by the office to pick up his check for the month. About us. Obviously, its not perfect. "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 . Ken McElroy is a famous Real Estate Investor, Author, and Entrepreneur. Im like, Oh my gosh. And that was right before lunch and I remember Kim came up to kind of handle me a little bit because I was just like, What am I doing here? And I was completely not dressed very well, either. Ill be there. So, I forgot. McElroys net worth is $20 Million. But thats kind of a wrestler I was too is I might have been the strongest and fastest, but there was nobody that was going to outwork me. 5) Now Calculate the Exact Value of the Property. So, I start with a two-bedroom, two-bath using my own money. Get Your Copy Analyze Deals Like a Professional Investor 228 talking about this. Photos not available for this variation. Its a true story about buying any unit building and how to do it. They promote the upcoming Limitless Expo, featuring over 40 speakers on topics related to . With real estate's relatively predictable cash flow, I believe it's still a sensible way to invest for the long term. Premium Newsletter So, yeah, I didnt want to fail so I did it. How long have you used the same relationships and brokers and lenders and whoever it might be? 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 . The ABCs of Real Estate Investing by Ken McElroy - Complete Book Summary. 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 love it that you do that. 30:34 - Wrap up. People do not move when theyre seniors. Let us show you how to get there. Im like trying to educate and Im actually trying to figure that all out, too, but at the same token, in the beginning, I was trying to hold my own speaking and try to figure that out and deliver good messaging and all that kind of stuff. 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. See original listing. I read it in one night. Its always a primary issue in our firm, and as you would imagine, that attracts a different kind of employee. 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? What he does: Ken McElroy currently owns approximately $1.5 billion in real estate assets, including office buildings, condos and single and multi-family homes. I met with him the next day and, of course, I made that the topic like you would. I was scared to death, it was all my savings, and it was cash-flowing just north of $100 a month: thats if it was full. But I also love really what youve done on the charitable side. Ken McElroy: Yeah. MC Companies. Ken McElroy and Tarl Yarber have teamed up to create a financial freedom expo with the sole purpose of helping to change lives in today's chaotic world so that others do not get left behind. Ken oversees the company's asset portfolio and leads the day . (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. But what happened when I did find is that the deal drives the investor. Ken got his start during college, when he took a job managing an apartment complex. I was laughing the other day because I started as a paperboy when I was 14. What you do need is a strong work ethic, solid relationships, and a willingness to put yourself out there! he has worked as a Real Estate Investor, Author, and Entrepreneur for over 20 years. Thats right. Realtor.com Real Estate App 502,000+ Justin Donald: Thats awesome. He was a real estate attorney, still my attorney, by the way, and an incredible friend. 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. Ken McElroy: Thank you. It was just a number of different people, Stephen Covey, and I mean just you name it, Napoleon Hill. 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). 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. Watermark-Free Sample Forms Hes like, All right, just talk. I received this book 2 days ago, and I have already finished reading it . Mc Companies is a longstanding real estate investment company based in Arizona. We believe that everyone deserves financial freedom. In his podcast, he shares his personal experiences and the strategies hes implemented throughout his career. She was born June 14, 1944. . document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); You dont have to come from money to build wealth. Ken McElroy on Building a Billion Dollar Real Estate Empire EP 61, In property management, I was creating all this value for other people. And so, all the profits of Lifestyle Investor have gone to an organization. It was all my savings and I used it and it was cash-flowing I want to say just north of 100 a month, thats if it was full. Ken McElroy: Tell the truth, be authentic, be transparent and it will work out. And I was a volunteer. But then I jumped right up and bought a property that I was managing, and I still own it. Premium Articles But how did you guys meet and how did you broker this relationship? I want to know where the people that are doing the thing that I want to do. Virtual Happy Hour with Ken 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. She remarried in 1983, and, from what I know, lived a fairly happy life. comprehensive coverage of real estate concepts as well as a detailed overview of the industry. Commercial-Free YouTube Videos And when you have the thing that others want who have money, it is really easy to raise it. 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. He is a man of average stature. Justin Donald: Thats incredible. 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. Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience in multifamily asset and property management, development. Thank you for sharing that with us and with our audience. Its 182 units. And so, for me, I was already headed down that track but then it just solidified all of it. I mean, just the level of success youve had is spectacular. Justin Donald: When I first started, it took me a long time to get into real estate. Coupons are always real-time. 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. You have to evaluate your relationships with your people and you just never know when that is. Ken McElroy: Yeah. 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. Price: US $99.99. Youve made a career of being able to have these long-term relationships. Through his profession, he has attained a decent fortune. And so, you did this with your attorney. 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. More Important Than Money: an Entrepreneurs Team. 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. 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? Ended: Apr 24, 2023 , 6:11PM. Essentials of Real Estate Finance can help students pass their exams, assist professionals advising clients, or help buyers understand what finance options are available. Justin Donald: We did. You know, we used to be called YEO at the time, which is Entrepreneurs Organization. Hes involved with development, construction and property management. Its kind of fun. In addition to all of that, Ken is the author of the best-selling booksThe ABCs of Real Estate Investing,The Advanced Guide to Real Estate Investing,The ABCs of Property Management, and most recently his book on entrepreneurship, The Sleeping Giant.
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