Justin Donald: Unbelievable. So, whats the story there? But really, my love is multifamily, which is what I primarily do right now. So, Im coming out with the new revised version next year but that book has been great, tried and true. The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. Day 2-8. So, I just wanted to share that with you, and it was really neat when we got a chance to meet. Watermark-Free Sample Forms And so, like you have your book, right? Also known as: Danielle M Cantwell, Danielle M Mcelny, Danielle Cantwell . Im having fun. I say this often in my podcast that the people that I meet and get to know better, its so fun. 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. Lets designate a bunch of money from our properties into these foundations and bring on this director, so which we did. It is your completely own grow old to sham reviewing habit. This is your ultimate guide to investing in rental properties, whether you have a hundred dollars in the bank or a hundred thousand. What began as a way to simply cover his room and board ignited his entrepreneurial spirit. Ken McElroy: Thanks. And what that turned into was a full-time Director of Philanthropy. I had to learn that. Its one of our core values: We have five core values, and one of them is to be giving. Id go there and get there at 5 a.m., help set up, help with registration, whatever I needed to do. 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. I put my family first and I would bring them on a lot of those trips. I went to learn how to scale a company, then you have to learn how to keep the people and keep them happy and all that. 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. Were you underpaying? Price: US $99.99. Add to Playlist. I actually just need to go find the deals. It is clear and concise as can be, and really easy to read because the font size is a . 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. 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? See original listing. The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. Robert Helms, one of the hosts of The Real Estate Guys Radio, personally knows him as his attorney. 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. 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. As per sources, he has assets of $750 million in real estate. I would bring them on a lot of those trips. Tony Robbins. And when I was young, I was like, I dont want to do that. I wasnt asking to like go give time somewhere or go donate somewhere. 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. 5) Now Calculate the Exact Value of the Property. I wish I would have mended a relationship. 53K Followers, 5,726 Following, 1,666 Posts - See Instagram photos and videos from Ken McElroy (@kenmcelroyofficial) . 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. Ken McElroy. Im the guy that gets the call and says, Hey, heres a property. I dont know the exact number that we give out every year now. Its probably worth $50M now. Ken McElroy, The good thing when youre young is that you dont know any better. And you look at the table and its like a bound book. And so, thats one of my philosophies. 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). And just the whole thing was just awesome and at the same time, running my business, growing the company, buying assets, and obviously did very well by Robert and Kim and grateful that they had the confidence in our company. It was cool hearing all that he knew and hes actually from Redmond, Washington, or lives there right now, so just outside Seattle. So, on Sunday morning I woke up. Deals get done almost on a napkin now. 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. Ken McElroy 2020-09-29 . 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. But his determination to learn and ability to surround himself with the right people eventually paid off. In his podcast, he shares his personal experiences and the strategies hes implemented throughout his career. . 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. And I spoke with someone else earlier that also knew you. "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 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 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. Ken shares his knowledge as the Real Estate Advisor to Robert Kiyosaki of The Rich Dad Company, a Forbes Council Member, with contributions to . I mean, just the level of success youve had is spectacular. And I feel like thats exactly what you guys have had. She was born June 14, 1944. . 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 determine the property value, which becomes your offer. I didnt know how I was going to do it: $2M down and $7M in debt, roughly. Over the course of his life, McElroy was accused of dozens of felonies, including assault, child molestation, statutory rape, arson . Management. The money like you have a good deal, trust me, money is the easiest thing to come by, even when you dont have it. Ken McElroy: I didnt overpay. And so, were involved in a community. 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. 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. Ken McElroy: Yeah. I brought them to a bunch of those places, as my kids were growing up, and made it a family affair. Stop bullshitting yourself: Be authentic, be transparent, and it will work out. Ken McElroy. 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. Would love feedback from anyone who has taken his class, and especially to know if the content is helpful . First time Ive been on stage and hes like, Tell them what you do, and he walked off. Building on the foundation of real estate investment 101, McElroy tells readers: . In addition to sharing his expertise, Ken also shares his mindset, because building wealth isnt simply about putting money in the right place at the right time. Click to enjoy the latest deals and coupons of Ken McElroy and save up to 70% when making purchase at checkout. The process behind transitioning into investing and landlording. 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. Ill teach you how to organize your finances, find tenants, and discover tax-friendly ways to reinvest your profits. 6 Jun 2023. It was a senior and it still is a senior property. Together with his real estate investment company, MC Companies, Ken has transacted over $1 billion in real estate. Thank you for sharing that with us and with our audience. But moreover than that, there are so many people that dont even have basic human rights and human freedoms. He owns over 10,000 units in Manhattan. We need these changes to our zoning code to support better development patterns that incentivize affordable and sustainable housing. 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. And if the deal is good enough, the money will show up. And thats the truth. I didnt even know he was going to talk to me. 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. I go, Look at this brochure. McElroy helps as many people as possible to achieve financial freedom through real estate. 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. So, it was, Hey, figure out a way to go to college and to pay for it. 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. The story of how Ken went from managing an apartment building as a broke college student, to acquiring over $3B in real estate. Premium Videos & Mini-Courses Tickets: $20-$24; 713-862-3838, fitzlivemusic.com. He is the owner of MC Companies in Scottdale since 2000. Obituary daughter ken rex mcelroy. The murder occurred in broad daylight, with as many as sixty eye-witnesses present . 3pm - 6pm. Ken McElroy: Yeah. In a lot of ways, he was probably my first real estate mentor but I didnt get a lot of face time with him because he was so busy. What a mindset shift. And then when I read Cashflow Quadrant, I was like just totally blown away. 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. So, what happened was obviously and we talked about my first building then I bought another one and I have a partner too, Ross McCallister, who we merged our companies as well and that made us stronger. Justin Donald: Yeah. Justin Donald: Yeah. Also, he offers advice on finance, budgeting, the entrepreneur mindset, and creating passive income. Ken McElroy has experienced massive success in the real estate world-from investment analysis and property management to acquisitions and property development. So thats what I did. And so, that was really cool. And when you have the thing that others want who have money, it is really easy to raise it. I wanted to learn how to articulate from stage and I wanted to see the world. 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. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); You dont have to come from money to build wealth. 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 part of that trip is working in an orphanage for the blind in Africa. And I just got to say Ive had so much fun hanging with you here today. This is working. Its always a primary issue in our firm. Commercial-Free YouTube Videos I mean, just go google it. Ken oversees the company's asset portfolio and leads the day . They just said, Sorry. I was laughing the other day because I started as a paperboy when I was 14. (The two have very different views, but still good to know) 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 . Ken McElroy: Its so true, Justin. And we didnt lay anybody off, of course, but some of our employees families had been severely impacted. Justin Donald: Thats incredible. And this is the only place where Im guaranteed to answer your questions and look over your deals. It doesnt take much like you can make a commitment in seconds. 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. 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. Save $60 It was Robert. 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. Back then we didnt have the internet and trying to figure out people that had money. He is a man of average stature. But when I did, I coveted it and it was a fair deal. Ken McElroy: Yeah. 2,148 Followers, 954 Following, 524 Posts - See Instagram photos and videos from Danielle McElroy (@daniellemmcelroy) 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. 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. I was taught the same as everybody else. Ken McElroy: Oh, yeah. 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. Ken got his start during college, when he took a job managing an apartment complex. To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedomvisit JustinDonald.com/book. They cant keep the same vendors, clients, whoever it is that they use. His name was Leonard Litwin. Thanks. Justin Donald: Thats so great. 5.0 out of 5 stars The 40Yr Old Virgin Critic. And then thats when I realize theres all these people out there trying to learn. Day 1. And then as you would imagine and not by any kind of design, that attracts a different kind of employee. I mean, any time youre mentioning something with the word billions, you know that youre doing something right. How long have you used the same relationships and brokers and lenders and whoever it might be? 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. Associated persons: John N Mcelroy, Karen S Mcelroy . I dont think I underpaid. I've been watching countless, super helpful videos on Youtube by Graham Stephan and more. You jump to a $9 million purchase price. Would you clean it up and fix it up? And Im grateful. He is the owner of MC Companies in Scottdale since 2000. I appreciate your time and being on your channel and I know were going to get you on mine. Also, he shares his expertise with thousands of people through his immensely popular YouTube channel. McElroys mother worked as a hairdresser and his father a contractor. I didnt know what I was doing but, thankfully, property management was kind of my ticket for my next eight years. 14. 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. I'm enjoying Ken McElroy's content and see he has a RE Master Class for $450. Tweets. He was born in a state in the United States. Justin Donald: Thats right. 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. 4,377 Following. As my friend says, Way leads the way leads the way. Its just things connect as you get into motion. 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? Dec. 15, 2010. In this episode, Ken talks about his unbelievable journey and his steps to go from property manager to property owner. I can do this. Thats probably the best place you can look on there. The speakers also emphasized the importance of changing one's . Sure. 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. Where: Fitzgerald's, 2706 White Oak. If you can find a good deal, the money will always follow. They promote the upcoming Limitless Expo, featuring over 40 speakers on topics related to . I was like, well, the good thing when youre young is that you dont know any better, and I didnt know any better. It is one of our core values. And so, I said, This is kind of cool. Let us show you how to get there. And a lot of times their options are financial planners of the stock market. And so, I am relationship first and business is actually pretty low on the category for me. 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. For over two decades, Ken McElroy has experienced great success in the real estate world through investment analysis, acquisitions, property management, and property development. And now weve acquired a little over $3 billion in assets. On your own asset, maybe you only have one at a time. Well, thank you for sharing that and for your time. So, that kind of got us through that period of time. Monthly Webinar 298 Listens. Its a true story about buying any unit building and how to do it. Theyre donating their time, donating their resources, theyre starting them themselves, theyre sitting on the boards of them.. I mean, these are people that had a huge impact whether they know it or not. Ask Ken Questions Ken McElroy: Yeah. Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. So, yeah, I didnt want to fail so I did it. And so, its been a heck of a fun journey, honestly, just speaking with all of these different folks over the years. The ABCs of Real Estate Investing by Ken McElroy - Complete Book Summary. And one of those is relationships. 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. It just didnt matter. Ken is passionate about educating others so that they too can experience financial freedom through real estate investing. And the issue when I came on was that all the downstairs were full and all the upstairs werent for obvious reasons, right? In fact, he spent 8 years managing properties before he would own any of his own. 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 in a dramatic act of . 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. 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. Try NOW! McElroys net worth is $20 Million. Coupons are always real-time. Ill be there. So, I forgot. They promote the upcoming Limitless Expo, featuring over 40 speakers on topics related to the economy, money, gold, debt, and negotiation. How Ken developed an unexpected friendship with Robert Kiyosaki. Ken was hooked. But there's a LOT more to Ken McElroy than his association with Robert Kiyosaki. Its not for us. And they owned a little 12-unit and some other stuff, and literally, they were on this kind of high with Rich Dad Poor Dad. With real estate's relatively predictable cash flow, I believe it's still a sensible way to invest for the long term. And so, thats what I did. . Essentials of Real Estate Finance can help students pass their exams, assist professionals advising clients, or help buyers understand what finance options are available. Ive now written six books. SKIDMORE, Mo. Let me show you how to make the most out of your opportunities. Media. In the 90s too. Mc Companies is a longstanding real estate investment company based in Arizona. Were making money. Ken founded McElroy Management in 1998, and in 2001 merged his company with Ross McCallister, creating MC Companies. I learned today that Trena McElroy, Ken McElroy's former wife, died on January 28, 2012. You have to evaluate your relationships with your people and you just never know when that is. Today, Im speaking with Ken McElroy, who went from a broke college student managing an apartment building to becoming a business mogul who has transacted over $1 billion in real estate. 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 . Advice for people interested in investing in real estate. 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. We have a great company culture. She lived in Conway, Missouri, and apparently died of cancer. Hes involved with development, construction and property management. And so, we said, Okay. Ken McElroy on Building a Billion Dollar Real Estate Empire EP 61, In property management, I was creating all this value for other people.
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