Ken lives with his family in Scottsdale, Arizona. And so, I had a wrestling scholarship, thankfully, and I got in that way. Ken McElroy: I appreciate it. They cant keep the same vendors, clients, whoever it is that they use. Tony Robbins. So, yeah, I didnt want to fail so I did it. Moreover, he bought his first investment property not long afterward. 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. And that was the little secret, Justin, that I didnt realize is that I was syndicating in the 90s and it wasnt a thing, and people were clamoring to find out how I invest in apartment building. The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. Free shipping for many products! Ken McElroy: Yeah. And I want to end this call as I end each call and that is with this, what is one step you can take today towards financial freedom and towards a life on your terms, a life by design, not by default? 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. Mc Companies is a longstanding real estate investment company based in Arizona. 53K Followers, 5,726 Following, 1,666 Posts - See Instagram photos and videos from Ken McElroy (@kenmcelroyofficial) And one day I was like Im on the wrong side of the desk here. If you can find a good deal, the money will always follow. So, I brought them to a bunch of places as my kids were grown up and just kind of made it a family affair. Over the course of his life, McElroy was accused of dozens of felonies, including assault, child molestation, statutory rape, arson . Fueled by that determination, Ken bought his first investment property not long afterwards. And one day, I was like, I'm on the wrong side of the desk. Ken McElroy, Deliver on your promise and everything else works. But if I called you up right now and I said, Hey, we buy it for this. A major factor in Ken's real estate success is his brand, MC Companies. It was cool hearing all that he knew and hes actually from Redmond, Washington, or lives there right now, so just outside Seattle. So, Im like, How hard could it be to collect rent and pay a few bills and keep the place clean? And, boy, that was when my lessons started. We have five core values and one of them is be giving. He also was prominent in organizing the Pueblo Businessmen's association, and was regarded here as a real business leader. 40.3K Followers. Coupons are always real-time. Its great to see you again. 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. I wish I would have forgiven. Im like, Sure. . Ken McElroy: Well, thank you. It just didnt matter. 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 . SHOW NOTES FOR EPISODE 665: BEST OF OLD DAWG'S REI NETWORK PODCAST - THE ABCS OF REAL ESTATE INVESTING WITH KEN MCELROY. Reviews go a long way in helping us build awareness so that we can impact even more people. And so, I had flip-flops on, shorts, and a t-shirt. And I think that people could learn that lesson. Rich Dad's Advisors: The ABC's of Property Management - Ken McElroy 2008-09-12 It was not the phenomenon that it is today. With real estate's relatively predictable cash flow, I believe it's still a sensible way to invest for the long term. And so, then what we did was we ended up doing partnerships with our vendors. The Smallbiz Brain. Ken is passionate about educating others so that they too can experience financial freedom through real estate investing. Ken McElroy on the Art of Entrepreneurship. 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. So, all this stuff starts to happen. 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. 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. Ken McElroy: Oh, yeah. And I was a volunteer. Instead of a lifetime cumulative average value, we only show the most recent ratings from users in the past 30 days or the newest 10 . And the issue when I came on was that all the downstairs were full and all the upstairs werent for obvious reasons, right? Monthly Webinar So, for example, lets just use Robert. And then thats when I realize theres all these people out there trying to learn. I dont know the exact number that we give out every year now. Its always a primary issue in our firm, and as you would imagine, that attracts a different kind of employee. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. I didnt know anyone when I was young that was a business owner that invested as a profession. Ken is a Rich Dad Advisor to Robert Kiyosaki ("Rich . They had just sold their business and Rich Dad Poor Dad had just been released. Price: US $99.99. He has an estimated net worth of $20 Million attained from working as a renowned Real Estate Investor, Author, and Entrepreneur. 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. 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. 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. 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. But we used an arms length. I've been watching countless, super helpful videos on Youtube by Graham Stephan and more. And hes a little bit older than me and has a little more experience, too. 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). 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 . For over two decades, Ken McElroy has experienced great success in the real estate world through investment analysis, acquisitions, property management, and property development. Ken got his start during college, when he took a job managing an apartment complex. . He is the owner of MC Companies in Scottdale since 2000. Your book, The ABCs of Buying Rental Property, was the third book I read in the Rich Dad Poor Dad series. 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. SKIDMORE, Mo. And in my EO chapter, there was a guy that knew Robert and I was raising capital. Back then we didnt have the internet and trying to figure out people that had money. Well, each kid I brought up, we summited. 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. I mean, just the level of success youve had is spectacular. 6) Create Your Investment Checklist. 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. But if I called you up right now and I said, Hey, we buy it for this. And thats how I got on the other side and I started doing that in the late 90s and I never looked back. Ive never heard him speak so highly of anyone before. And so, the first one was hard, dont get me wrong, and then I had to work my butt off to prove out the numbers. The job ignited his entrepreneurial spirit and his turning point came as he was picking up his check. This is working. And it took me a handful of years to figure out, No, this is holding me back. And then, of course, philanthropy comes from there. Ive read every book but it was the first book I ever read on real estate. 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. But how did you guys meet and how did you broker this relationship? Thank you. And so, we said, Okay. I might not have been the strongest and fastest, but nobody was gonna outwork me. More Important Than Money: an Entrepreneurs Team. The story of how Ken went from managing an apartment building as a broke college student, to acquiring over $3B in real estate. Im like, Oh my gosh, I completely blew off Rob. Its a true story about buying any unit building and how to do it. And then so that started from a physical standpoint. Weve been to Russia, Asia, Australia multiple times, all over Europe, all over the US, Canada, Mexico, Spain, you name it. I say this often in my podcast that the people that I meet and get to know better, its so fun. And so, that was really cool. 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. 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. How long have you used the same relationships and brokers and lenders and whoever it might be? Day 9. And I sat down with him and well, first of all, the first thing I did is Im like, Okay. I bought it over 20 years ago. McElroy helps as many people as possible to achieve financial freedom through real estate. So, the two of us together, were still together and hes an incredible friend. 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. 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. Commercial-Free YouTube Videos Its one of our core values: We have five core values, and one of them is to be giving. And then I started doing a bit of those. And what that turned into was a full-time Director of Philanthropy. he has worked as a Real Estate Investor, Author, and Entrepreneur for over 20 years. Ken decided that one day he would be on the other side of the desk, picking up his own check. This is a self-guided course with worksheets and real-life examples. I dont know if its ever intentional but quite simply I didnt grow up with a lot and my parents were amazing but we couldnt afford college for me, for sure. He attended college through an athletic opportunity. You know, its really funny because your reputation really precedes you on a few different levels. 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. The process behind transitioning into investing and landlording. Justin Donald: Thats such a fun story, and its so great being able to do life with people and to get past the surface-level stuff where you can really live and travel and break bread and just experience the depth of what a true relationship with time spent means. Tweets. I dont think I underpaid. Let me show you how to make the most out of your opportunities. I would bring them on a lot of those trips. Associated persons: John N Mcelroy, Karen S Mcelroy . 5.0 out of 5 stars The 40Yr Old Virgin Critic. Were you underpaying? 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 the industry is very, very interesting and its a lot more collaborative than people might think. And then my friend, he started California Closets and he was one of the founders at EO. Ken was hooked. McElroy is a famous Real Estate Investor, Author, and Entrepreneur. I actually just need to go find the deals. But I also love really what youve done on the charitable side. They will show you how to become a successful real estate investor. And so, we found that by having that just by doing something that Ross and I wanted to do, our culture got better, stronger, deeper, and tighter, and we started attracting very, very, very good people because they wanted to be part of something bigger than just making money. 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. I mean, you hear the right deal and youre in. Media. Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience in multifamily asset and property management, development. People do not move when theyre seniors. Investing Calculators It is your completely own grow old to sham reviewing habit. More Information. And then when I started to get involved, what happened was a friend of mines son was diagnosed with autism and this is years ago and before autism was this is back in the day when I really didnt have a lot of notoriety. Ive just had so much fun getting to know you and learning more about your story. Like, where would I hang out with them? The common theme was that I should get involved in philanthropies. Holy cow. And if you guys know anybody that is interested, let me know. And so, I got a referral. 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. Associated persons: Joseph J Knouse . Ken has ranked on the list of those famous people who were born on June 1, 1934.Ken McElroy is one of the Richest Criminal who was born in United States.Ken McElroy also has a position among the list of Most popular Criminal. It was Robert. And one of my professors at the school did what you did to a certain degree where he was property manager. It was you. Youve got to come up with $2 million. 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. Ive owned and built self-storages and office buildings and condo projects and single-family. Presumed owner of the real estate located at 13201 N 69th St, Scottsdale. 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. Hes a general contractor. This is your ultimate guide to investing in rental properties, whether you have a hundred dollars in the bank or a hundred thousand. [] Please watch or listen to the full episode here. We do have something for your listeners. . Ken McElroy Age. Building and developing multi-family communities. Ken McElroy: Yeah. Is that right? You know, its beautiful, right? Just always try to be an exchange of equal value. THANK YOU! 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 . I believe that you had to have a bunch of money in the bank. Ken McElroy is the co-partner of . Ken got his start during college, when he took a job managing an apartment complex . And so, thats when I started to be more intentional. Yeah, Ill come. McElroy stands at the height of 5 ft 7 in (Approx 1.74 m). The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. Premium Newsletter Review:The Abc's of Real Estate Investing:Ken McElroy. What type of investor are you? 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. Day 2-8. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. In this episode, Ken talks about his unbelievable journey and his steps to go from property manager to property owner. If Im going to meet this guy I better go buy his book and read it. So, I went to the store and bought the book. You fill it out. Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience in multifamily asset and property management, development. So, I just go when I can around my family. I included another book by Ken McElroy, . One of these women was 24-year-old. Watermark-Free Sample Forms He started telling me some of your story about how youre doing property management in the early days and tied up with Robert. 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. He was a real estate attorney, still my attorney, by the way, and an incredible friend. She remarried in 1983, and, from what I know, lived a fairly happy life. I didnt even know he was going to talk to me. So, theyre just frothing for guys like us that can bring them something that provides cash flow tax-free. Free shipping for many products! He actually had an opportunity to buy the apartment complex as a college student and then manage it, which is just. You know, theres all these people wanting all this information, and all of a sudden I had some more investors. I read it in one night. Obituary daughter ken rex mcelroy. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. I know like, well, I climbed Kilimanjaro twice with my kids. 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. Ken is passionate about educating others so that they too can experience financial freedom through real estate investing. A dedicated educator and a heck of a nice guy, Kenny is a Summit favorite, and we're . And then as you would imagine and not by any kind of design, that attracts a different kind of employee. Its in Sun City, Arizona, and I bought it for $9M. 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. 3) Employment, Population, and Location. 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 The book's compelling stories and lessons show why real estate is . I've been listening to "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. He is the owner of MC Companies in Scottdale since 2000. 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. Its kind of fun. Ken was by no means an overnight success. Ken McElroy has an estimated net worth of $20 million. She was born June 14, 1944. . MC Companies has been on the scene for the last 23 years, and it is only growing stronger every year. . It was just a number of different people, Stephen Covey, and I mean just you name it, Napoleon Hill. Ken got his start during college, when he took a job managing an apartment complex. Despite being a renowned Real Estate Investor and Author, McElroy has kept details regarding his marital status confidential. I would ask him questions. 13145 Old Farm Dr, St Louis. I didnt know what I was doing but, thankfully, property management was kind of my ticket for my next eight years. And a lot of times their options are financial planners of the stock market. They promote the upcoming Limitless Expo, featuring over 40 speakers on topics related to . And I know youve experienced that as well. I was taught the same as everybody else. 4 Likes. 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. And I was scared to death. But its a lot, and the employees can write their own grants, and they go through a board and all that, and they get the grants to whatever charity makes them happy. His career kicked off while in college as he took a job managing an apartment complex. If you can prove that you can make money, investors want to give it to you. Ken McElroy: Tell the truth, be authentic, be transparent and it will work out. And the way that worked back then was that you got whatever you collected over a certain amount. But when I did, I coveted it and it was a fair deal. 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 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. Replies. As of now, McElroy has managed over $1 billion worth of properties. Danielle F Bednarski, Danielle Frances Knouse, Danielle Francis Mcelroy. So, thats how it started and then I started traveling with them because I wanted to learn how to speak better. -Ken McElroy Original publish date: August 22, 2018 And I feel like thats exactly what you guys have had. 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? Id love to hear more about that. It doesnt take much like you can make a commitment in seconds. You can browse from a library of mini-courses, articles bonus podcast questions, and property management sample forms. Its kind of fun. I already have my rich uncle. Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. Ken McElroy: Yeah. We . Yeah. Ken McElroy: I didnt overpay. Ken McElroy: Yeah. We need these changes to our zoning code to support better development patterns that incentivize affordable and sustainable housing. 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 on Building a Billion Dollar Real Estate Empire EP 61, In property management, I was creating all this value for other people. 1) Find the Market Trend. Now, theyre all podcasts and things like that. Its because in Arizona, things are easily $300 a door right now and in some cases $400 a unit. Also known as: Danielle M Cantwell, Danielle M Mcelny, Danielle Cantwell . Where can we find you? Youre super close. On Sunday morning I woke up. In the 90s too. 5) Now Calculate the Exact Value of the Property. Justin Donald: Oh, I love it. They are: On April 13, 2015, McElroy launched his YouTube account. For over two decades, Ken McElroy has experienced great success in the real estate world through investment analysis, acquisitions, property management, and property development. 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. 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. I was like, Oh, this is pretty good. And so, I was like, Maybe I should do a little bit more, and shes like, Id like you to write a book based on what youve done. Im like, I have no idea how to write a book. So, then I found somebody to help me do that and kind of mumbled through that, and thats how the ABCs of Real Estate Investing came out and then that opened more doors, as you know, to radio shows. I bring my kids and all that kind of stuff. Justin Donald: Unbelievable. 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. behind Ken's fourth book, The Sleeping Giant, is to help inspire people to believe Lets try to scale it. And so, that happened and then I joined EO. 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. On your own asset, maybe you only have one at a time. So, he had one little investment out in Arizona that he did for a favor and then I asked him if I could buy it, and he sold it to me and the rest is history. 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. "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 . 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.

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