He shares his insights and experiences on his podcast, Real Estate Strategies with Ken McElroy, and on his wildly popular YouTube channel. He also was prominent in organizing the Pueblo Businessmen's association, and was regarded here as a real business leader. His career kicked off while in college as he took a job managing an apartment complex. Connect with the Guest: Website:https . This is your ultimate guide to investing in rental properties, whether you have a hundred dollars in the bank or a hundred thousand. 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. 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 at the same time, running my business, growing the company, buying assets. Ken McElroy, We said, Lets designate a bunch of money from our properties into these foundations and bring on this director [of philanthropy], which we did. 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. 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. Were having fun, were making money for our investors and ourselves, and our employees are having a good time enjoying all of it. 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. of Bluffton, SC passed away on 7/25/2020 . He pursued and matriculated with a bachelors degree in Business Administration and Management General in 1990. Add to Playlist. It was not the phenomenon that it is today. THANK YOU! More Information. Says Rich Dad Advisor and Author Ken McElroy: - Medium So, welcome. Rich Dad's Advisors: The ABC's of Property Management - Ken McElroy 2008-09-12 Ken McElroy - Investor Summit If you can find a good deal, the money will always follow. Please note that some processing of your personal data may not require your consent, but you have a right to object to such processing. 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. . And so, thats what I did. 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. Ken Rex McElroy was shot dead inside his pick-up truck on the 10th of July, 1981, via a storm of bullets. A major factor in Ken's real estate success is his brand, MC Companies. . Ken McElroy: Yeah. 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. But in a dramatic act of . Day 1. He is the owner of MC Companies in Scottdale since 2000. . First time Ive been on stage and hes like, Tell them what you do, and he walked off. I think the things probably worth 50 now or something. You know, theres all these people wanting all this information, and all of a sudden I had some more investors. I didnt know how I was going to do it: $2M down and $7M in debt, roughly. Ken McElroy. Justin Donald: We did. 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. And I think that people could learn that lesson. So, I didnt have a lot of mentors in investing or entrepreneurship or anything like that. Upon graduating with his high school diploma, McElroy enrolled at the Pacific Lutheran University School of Business in 1986. 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. In this week's podcast, Rich Dad Advisor Ken McElroy shares his story of . Kendall Davis, MBA. on LinkedIn: #realestateguys #soss #limitless # The Advanced Guide To Real Estate Investing . I mean, you hear the right deal and youre in. In fact, he spent 8 years managing properties before he would own any of his own. 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 if you guys know anybody that is interested, let me know. And so, I got a referral. So, the both of us, by this time, the properties that we had owned were quite a bit and they were kicking off lots of cash. Ken McElroy has experienced massive success in the real estate world-from investment analysis and property management to acquisitions and property development. And one of those is relationships. And thats really taken off. He is a man of average stature. But weve been to Russia, Asia, Australia multiple times, Europe, all over Europe, all over the US, Canada, Mexico, Spain, you name it, Bolivia. How Ken developed an unexpected friendship with Robert Kiyosaki. The idea. Ken McElroy - CEO / Co-Founder - MC Companies | LinkedIn Justin Donald: Oh, I love it. Been Researching Real Estate investing, but is it right for us? Like, where would I hang out with them? The common theme was that I should get involved in philanthropies. Ken got his start during college, when he took a job managing an apartment complex. As per sources, he has assets of $750 million in real estate. And what that turned into was a full-time Director of Philanthropy. And part of that trip is working in an orphanage for the blind in Africa. Take advantage of my community forum, where you can connect with people just like you. Ken McElroy Age. He also hosts real estate training programs and has written six books, including The ABCs of Real Estate Investing. He hosts the podcast Real Estate Strategies with Ken McElroy. In his account, he shares his over two decades of experience as a real estate investor. 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. The murder of Ken Rex McElroy took place in plain view of dozens of residents of this small farm town, under the glare of the morning sun. Try NOW! 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. Justin Donald: Thats incredible. He serves as the host of a weekly business podcast, Real Estate Strategies. We have five core values and one of them is be giving. Ken McElroy has generated over $750 million investment dollars in real estate. Kens Investor Test for Lifestyle Investor listeners, Tom Wheelwright on The Lifestyle Investor, Unlock the Secrets to Optimal Health & Longevity with Regan Archibald EP 131, Making Extraordinary Exits Possible with Rob Follows EP 130, Using Seller Financing to Build a Real Estate Empire with Gabriel Hamel EP 129, Vanessa Peters on Investing in Land Entitlement and Making Big Returns with Vanessa Peters EP 60, Dave Allred on Creating a Life by Design with Real Estate Investing EP 62 , The Secrets to Building a Billion Dollar Real Estate Empire - Justin Donald. The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. . Ken McElroy Real Estate, Bio, Wiki, Age, Height, Wife, Books, Podcast The price for membership is $29.99 per Month. But moreover than that, there are so many people that dont even have basic human rights and human freedoms. 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. Thats awesome. So, its quite a few charities because we have 250 employees. Ken McElroy: Yeah. @kenmcelroy. 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. Monthly Webinar So, I start with a two-bedroom, two-bath using my own money. Real Estate Titans offers an insider's view into several of the most successful investors on the planet. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. And so, we went all over the world together, and now Ive now written six books, I think. 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. The ABCs of Real Estate Investing: The Secrets of Finding Hidden He grew up in a family that was below middle class, even in some cases, and lower than that. You know, theyre like, Oh, this guy is like buying buildings now, and then the debt guys show up. It is like the same excuses, almost exact. Today, Ken is committed to helping as many people as possible to achieve financial freedom through real . You can browse from a library of mini-courses, articles bonus podcast questions, and property management sample forms. So, it was, Hey, figure out a way to go to college and to pay for it. And I start with my rich uncle. Ill outwork: Thats the kind of wrestler I was too. Real Estate Investor Author Entrepreneur Partner at MC Companies 1 Billion AUM C-Suite Radio Host. 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. The ABC's of Real Estate Investing Quotes by Ken McElroy - Goodreads 5.0 out of 5 stars The 40Yr Old Virgin Critic. [] Photos not available for this variation. Then we ended up doing partnerships with our vendors. And so, you did this with your attorney. Robert Helms, one of the hosts of The Real Estate Guys Radio, personally knows him as his attorney. You can also help by providing an honest rating & review over on Apple Podcasts. The ABCs of Real Estate Investing by Ken McElroy - Complete Book Summary. Fueled by that determination, Ken bought his first investment property not long afterwards. But if I called you up right now and I said, Hey, we buy it for this. And well catch you next week. Where can we find you? On Sunday morning I woke up. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. Literally, I had to fire the manager and the two assistant managers, and I was there by myself. Robert Kiyosaki and Ken McElroy discuss the current state of the real estate market, including the impact of rising interest rates and the importance of understanding debt and market cycles. 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. I know like, well, I climbed Kilimanjaro twice with my kids. PDF Real Estate Finance And Investments 15th Edition It is clear and concise as can be, and really easy to read because the font size is a . I understand this and I love spending time there and time as far as treasures, right? Its interesting because you talk about how and I remember when we first met youre like, Yeah. I go, Look at this brochure. But when I did, I coveted it and it was a fair deal. 2.22K. So, I just wanted to share that with you, and it was really neat when we got a chance to meet. Free shipping for many products! 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. Tickets: $20-$24; 713-862-3838, fitzlivemusic.com. It was just a number of different people, Stephen Covey, and I mean just you name it, Napoleon Hill. One of these women was 24-year-old. 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. And if the deal is good enough, the money will show up. And thats the truth. What a mindset shift. And then when I read Cashflow Quadrant, I was like just totally blown away. And so, for me, I was already headed down that track but then it just solidified all of it. He was a real estate attorney, still my attorney, by the way, and an incredible friend. Like, that to me is something to pay attention to. 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? Im the guy that gets the call and says, Hey, heres a property. 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. Mc Companies is a longstanding real estate investment company based in Arizona. 6 Jun 2023. Ken McElroy, The ABCs of Real Estate . Why does Real Estate often synonymous with scams? Ken McElroy: Yeah. They will show you how to become a successful real estate investor. That is so cool. Id love to hear more about that. Reviews go a long way in helping us build awareness so that we can impact even more people. Ken McElroy 2020-09-29 Many Americans dream of financial freedom, but they're stuck in dead- . Exhibit P - Public Comments April 14 Through April 20 I might not have been the strongest and fastest, but nobody was gonna outwork me. And then my friend, he started California Closets and he was one of the founders at EO. And in addition to that, my partner Ross, he had some things happen in his family around cystic fibrosis. 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. SKIDMORE, Mo. Rich Dad's Advisors: The ABC's of Real Est- 0446691844, paperback, Ken Is Ken McElroy Master Class any good? - BiggerPockets Ken McElroy | Profiting From Expected Volatility - JetsetMag.com And thats how I got on the other side and I started doing that in the late 90s and I never looked back. It was Robert. I was taught the same as everybody else. And so, when people like Mr. Litwin or my uncle can come in and say, Hey, these are things that you should be looking at, then you slowly change your pitch, you slowly change your business plan. And then thats when I realize theres all these people out there trying to learn. Coupons are always real-time. -Ken McElroy Original publish date: August 22, 2018 Picking up where left off in the bestselling The ABC's of Real Estate Investing, McElroy reveals the next essential lessons and information that no serious investor can afford to miss. Ken McElroy: It is. He actually had an opportunity to buy the apartment complex as a college student and then manage it, which is just. TheABCs of Property Management: What You Need to Know to Maximize Your Money Now. And its funny because over time, I kept getting the same answer and finally it clicked for me and that was, Oh, the people that have figured it all out and are really successful in life and are so successful that they dont need to work, theyre spending their time at these charities. In This Episode, You Will Learn: How to start from the bottom and work your way to the top. And I know youre doing the same thing with your organization and I know you started a nonprofit and you have raised over a million dollars for your nonprofit or the nonprofits youve been part of over the last decade. Rich Dad's Advisors: The Advanced Guide to Real Estate Investing: How So, yeah, I didnt want to fail so I did it. 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. And you know, in the last five years, we hired a full-time director of philanthropy. And I was scared to death. Presumed owner of the real estate located at 13201 N 69th St, Scottsdale. 15170 N. Hayden Rd., Suite 1 Scottsdale, Arizona 85260. 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. He is the owner of MC Companies in Scottdale since 2000. 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 teach this seminar and its in Cave Creek, Arizona. Im like, Okay. And now weve acquired a little over $3 billion in assets. Through his profession, he has attained a decent fortune. Overcoming the limiting belief that you need money in order to make a deal happen. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. Were making money. 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. 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. How did you figure that out? The seniors didnt want to walk up the stairs. And so, now I love it because Ive come full circle. I'm enjoying Ken McElroy's content and see he has a RE Master Class for $450. So, for example, lets just use Robert. Ken McElroy: Well, thank 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. You jump to a $9 million purchase price. Yeah. Reviewed in Canada . Ive now written six books. And I sat down with him and well, first of all, the first thing I did is Im like, Okay. He has an estimated net worth of $20 Million attained from working as a renowned Real Estate Investor, Author, and Entrepreneur. And so, then what we did was we ended up doing partnerships with our vendors. Im going to take this over, and I became the chairman of the walk for two years while he was recovering. Also known as: Danielle M Cantwell, Danielle M Mcelny, Danielle Cantwell . 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. 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. McElroy stands at the height of 5 ft 7 in (Approx 1.74 m). But then I jumped right up and bought a property that I was managing, and I still own it. Hes involved with development, construction and property management. Danielle McElroy (@daniellemmcelroy) Instagram photos and videos Advice for people interested in investing in real estate. in the course of guides you could enjoy now . And I love that youre so good about developing relationships with people that become long-term business relationships and then they become friendships. 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. Ken McElroy: Thanks. Old 97's feel comfortable opening up on new album 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. I believe that you had to have a bunch of money in the bank. When my dad passed 10 years ago, I got to learn all about hospice and all of that. With over $700 million investment dollars in real estate, Ken . 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. So, on Sunday morning I woke up. Right now, I own about not quite 1.5 billion. I would ask him questions. Yeah. Real Estate Strategies with Ken McElroy | Real Estate Education with I believe that you had to have a bunch of money in the bank. I received this book 2 days ago, and I have already finished reading it . Monthly Webinar Youve made a career of being able to have these long-term relationships. The ABCs of Property Management: What You Need to Know to Maximize Your Its in Sun City, Arizona, and I bought it for $9M. The speakers also emphasized the importance of changing one's . 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. Well, each kid I brought up, we summited. People do not move when theyre seniors. Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience in multifamily asset and property management, development. A dedicated educator and a heck of a nice guy, Kenny is a Summit favorite, and we're . Were a very giving company. What is it? I had no idea he did seminars or anything and hes like, Yeah. The process behind transitioning into investing and landlording. Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. 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. Ill teach you how to organize your finances, find tenants, and discover tax-friendly ways to reinvest your profits. Designed to guide every rookie from goal-setting to goal-realization in record time, this step-by-step guide will help you become a real estate investor within 90 days. He shares his expertise with millions of people around the world, appearing on Tony Robbins' Wealth Mastery. old pros as well as novice investors, this friendly, straightforward guide walks readers step by step through every stage of property analysis. I actually just need to go find the deals. Justin Donald: You know, its interesting. Im like, Sure. You know, we used to be called YEO at the time, which is Entrepreneurs Organization. Play Audio. Check out my Channel on Youtube that was created to inspire you to grow your mind and money and ultimately live your best life. . 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. You have to evaluate your relationships with your people and you just never know when that is. So, I go up on stage. Investor, Entrepreneur, Best-selling Author, Rich Dad Real Estate Advisor. I put my family first and I would bring them on a lot of those trips. Ken is a Rich Dad Advisor to Robert Kiyosaki ("Rich . Take the Quiz to find out! McElroy stands at the height of 5 ft 7 in (Approx 1.74 m). RICH DAD'S ADVISORS: THE ABC'S OF REAL ESTATE INVESTING: By Ken Mcelroy So, they set a certain number and then you got kind of that over. I wish I would have forgiven. He was born in a state in the United States.McElroy is around 55 years old although details regarding the date and year he was born remain unknown.. Ken McElroy Height. And one day I was like Im on the wrong side of the desk here. 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. I didnt know any better. Its about understanding that determination and self-motivation are the real keys to thriving. Real estate investing and property management. Justin Donald: Thats right. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); You dont have to come from money to build wealth. So, I just go when I can around my family. Now, this book is a few years old, so, you know, I'm sure some things have changed.
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