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. The job ignited his entrepreneurial spirit and his turning point came as he was picking up his check. Ken McElroy - CEO / Co-Founder - MC Companies | LinkedIn In This Episode, You Will Learn: How to start from the bottom and work your way to the top. This is a self-guided course with worksheets and real-life examples. Ken has transacted over $1 billion in real estate. You know, its really funny because your reputation really precedes you on a few different levels. You know, its beautiful, right? She was born June 14, 1944. . My Inner Circle Membership provides a space for real estate investors to learn, make connections, and get expert advice. Its in a 55-age restricted community. Were a very giving company. I lived in Lincoln Park and I would walk by these 3 flats and 4 flats, and I just wanted to buy one so bad. Fueled by that determination, Ken bought his first investment property not long afterwards. I didnt even know he was going to talk to me. 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. And if the deal is good enough, the money will show up. And thats the truth. How did I not know about this? So, welcome. But if I called you up right now and I said, Hey, we buy it for this. Review:The Abc's of Real Estate Investing:Ken McElroy. MC Companies has been on the scene for the last 23 years, and it is only growing stronger every year. Would you clean it up and fix it up? And Im grateful. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. 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. I mean, any time youre mentioning something with the word billions, you know that youre doing something right. 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. Ken has held many board positions with the Arizona Multi-Housing Association with the most recent as past Chairman of the Board. He shares his insights and experiences on his podcast, Real Estate Strategies with Ken McElroy, and on his wildly popular YouTube channel. I didnt know anyone when I was young that was a business owner that invested as a profession. Premium Videos & Mini-Courses 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. 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. Mc Companies is a longstanding real estate investment company based in Arizona. Ken McElroy - Facebook Lot Of 4 Rich Dad Advisors Real Estate Books - Ken McElroy - eBay And so, I said, This is kind of cool. 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. Through his profession, he has attained a decent fortune. Moreover, he bought his first investment property not long afterward. PDF El Libro Negro De Los Secretos De Entrenamiento Spanish 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. He is the owner of MC Companies in Scottdale since 2000. Ive never heard him speak so highly of anyone before. The book's compelling stories and lessons show why real estate is . I bring my kids and all that kind of stuff. 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. 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. How Ken developed an unexpected friendship with Robert Kiyosaki. Ken got his start during college, when he took a job managing an apartment complex. And then my friend, he started California Closets and he was one of the founders at EO. Virtual Happy Hour with Ken MC Companies. Watermark-Free Sample Forms Its awesome unless they have to which is rare. His name was Leonard Litwin. Justin Donald: Unbelievable. Ken McElroy 2020-09-29 . The seniors didnt want to walk up the stairs. Media. So, I just wanted to share that with you, and it was really neat when we got a chance to meet. And then so that started from a physical standpoint. Try NOW! 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. Ill be there. So, I forgot. Discounts on Upcoming Courses. The story of how Ken went from managing an apartment building as a broke college student, to acquiring over $3B in real estate. He is possibly married as he lives with his family in Scottsdale, Arizona. I would bring them on a lot of those trips. I go, Look at this brochure. . In the 90s too. And hes a little bit older than me and has a little more experience, too. This channel is a place for . People do not move when theyre seniors. Even though he didnt invest, the lesson from him was invaluable because youre asking all the wrong questions, youre doing all the wrong things, youre looking at all the wrong things and you have all the wrong assumptions, and you think you do but you dont. 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. I was taught the same as everybody else. Now, theyre all podcasts and things like that. Real Estate Market 2023 - Robert Kiyosaki, @KenMcElroy. Rich Dad's Advisors: The Advanced Guide to Real Estate Investing: How @kenmcelroy. 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. Ken McElroy: Yeah. 30:34 - Wrap up. The ABC's of Real Estate Investing Quotes by Ken McElroy - Goodreads With multiple units, the property value is based on the current cash flow of the property.". Also, he shares his expertise with thousands of people through his immensely popular YouTube channel. 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. The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. We believe that everyone deserves financial freedom. Ken McElroy, The ABCs of Real Estate . Obviously, its not perfect. We have a great company culture. Join us for the Investor Summit on Sand! Ask Ken Questions Danielle Mcelroy - Public Records 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? Real estate investing and property management. I was laughing the other day because I started as a paperboy when I was 14. And you know, in the last five years, we hired a full-time director of philanthropy. Where: Fitzgerald's, 2706 White Oak. I started small and made small mistakes, but I was in the property management business. Would love feedback from anyone who has taken his class, and especially to know if the content is helpful . . 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. Just always try to be an exchange of equal value. 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. He actually had an opportunity to buy the apartment complex as a college student and then manage it, which is just. Trena McElroy Passed Away | Harry N. MacLean The Advanced Guide To Real Estate Investing . Thank you for sharing that with us and with our audience. And so, Ross and I fund the majority but then our vendors fund, and our employees get an opportunity to fund too and they actually can write their own grants to their own charities. What you do need is a strong work ethic, solid relationships, and a willingness to put yourself out there! It was you. So, I go up on stage. But weve been to Russia, Asia, Australia multiple times, Europe, all over Europe, all over the US, Canada, Mexico, Spain, you name it, Bolivia. 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. And so, like you have your book, right? Im not getting paid. 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. First time Ive been on stage and hes like, Tell them what you do, and he walked off. And then shes like, Youre going to get swamped, because all I did was talk about what I was working on. And when you have the thing that others want who have money, it is really easy to raise it. Obviously, its not perfect. Free shipping for many products! Its always a primary issue in our firm, and as you would imagine, that attracts a different kind of employee. 7-13 Jun 2023. You started knocking on doors, calling, and trying to figure out people that had money. Ken McElroy. 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. The Collective Advisors - Mastermind Group And if you guys know anybody that is interested, let me know. And so, I got a referral. Hes like, That is the book that just keeps on giving. Its been wonderful. Justin Donald: We did. In addition, the podcast contains 284 episodes as of April 19, 2023. Robert had me on stage. THANK YOU! The ABCs of Property Management: What You Need to Know to Maximize Your 5.0 out of 5 stars The 40Yr Old Virgin Critic. I dont know the exact number that we give out every year now. And so, all the profits of Lifestyle Investor have gone to an organization. So, I love it that you do that. . I believe that you had to have a bunch of money in the bank. in ZEBULON, GA on realtor.com, your source for top rated real estate professionals. I'm enjoying Ken McElroy's content and see he has a RE Master Class for $450. Ive read every book but it was the first book I ever read on real estate. Sure. The price for membership is $29.99 per Month. The speakers also emphasized the importance of changing one's . Youve made a career of being able to have these long-term relationships. A dedicated educator and a heck of a nice guy, Kenny is a Summit favorite, and we're . I say this often in my podcast that the people that I meet and get to know better, its so fun. There is a point in time before you knew him youve had success before you ever met Robert but you guys became great friends. . Why the most rewarding part about making money is giving it away. I mean, you hear the right deal and youre in. He also was prominent in organizing the Pueblo Businessmen's association, and was regarded here as a real business leader. Advice for people interested in investing in real estate. (The two have very different views, but still good to know) Danielle F Bednarski, Danielle Frances Knouse, Danielle Francis Mcelroy. 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. 3. And I sat down with him and well, first of all, the first thing I did is Im like, Okay. And so, I poured myself into that and thats been a labor of love. Real Estate Market 2023 - Robert Kiyosaki, @KenMcElroy 665: Best of Old Dawg's REI Network Podcast - The ABCs of Real Estate Its quite a few charities, because we have 250 employees. Ken McElroy, The charity thing has been really significant for us. Navy during the Korean War. It was not the phenomenon that it is today. [] 298 Listens. Ive just had so much fun getting to know you and learning more about your story. Apart from working as a real estate investor, he has authored several books. Ken McElroy has experienced massive success in the real estate world-from investment analysis and property management to acquisitions and property development. Ken oversees the company's asset portfolio and leads the day . I just go when I can, around my family: I put my family first. 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. Today, Ken is committed to helping as many people as possible to achieve financial freedom through real . We need these changes to our zoning code to support better development patterns that incentivize affordable and sustainable housing. I might not have been the strongest and fastest, but nobody was gonna outwork me. Our turnover was almost nothing. And so, for me, I was already headed down that track but then it just solidified all of it. And then, of course, philanthropy comes from there. You know, theres all these people wanting all this information, and all of a sudden I had some more investors. 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. Like, that to me is something to pay attention to. 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 . But in a dramatic act of . PDF The Advanced Guide To Real Estate Investing , Henry Jackson (2023) Ken McElroy was born in United States on June 1, 1934.. On Popular Bio, Ken McElroy is one of the successful Criminal. Ken McElroy - Investor Summit 228 talking about this. Were you underpaying? Ken McElroy: Well, thank you. I teach this seminar and its in Cave Creek, Arizona. Im like, Okay. And a lot of times their options are financial planners of the stock market. I wish I would have mended a relationship. She lived in Conway, Missouri, and apparently died of cancer.
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