I understand this and I love spending time there and time as far as treasures, right? Real estate investing and property management. Its interesting because you talk about how and I remember when we first met youre like, Yeah. Review:The Abc's of Real Estate Investing:Ken McElroy. In this episode, Ken talks about his unbelievable journey and his steps to go from property manager to property owner. The ABCs of Real Estate Investing Complete Book Summary 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, for me, I was already headed down that track but then it just solidified all of it. 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. I actually was pretty good at keeping it full and managing it. 6 Jun 2023. To get your questions answered and learn more about Ke. THANK YOU! The whole thing was awesome. It wasnt a deep discount at all. On Sunday morning I woke up. 665: Best of Old Dawg's REI Network Podcast - The ABCs of Real Estate Its 182 units. Its a true story about buying any unit building and how to do it. 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 Well, as you know, I know you do this too, deliver on your promise and everything else works. It has links to get to the company, which is MC Companies. And, boy, did I have an education at that place. Ken McElroy: Yeah. 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. PDF Rich Dad Advisors Tax Free Wealth How To Build Massive Wealth By Ken McElroy on the Art of Entrepreneurship. View Full Itinerary. Check out my Channel on Youtube that was created to inspire you to grow your mind and money and ultimately live your best life. There is a point in time before you knew him youve had success before you ever met Robert but you guys became great friends. 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. 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. 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. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); You dont have to come from money to build wealth. I appreciate your time and being on your channel and I know were going to get you on mine. And so, thats what I did. 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. I didnt know what I was doing but, thankfully, property management was kind of my ticket for my next eight years. Investing Calculators The book's compelling stories and lessons show why real estate is . Its, well, untraditional I think like everybody gets into real estate. And you look at the table and its like a bound book. Now, this book is a few years old, so, you know, I'm sure some things have changed. So, I brought them to a bunch of places as my kids were grown up and just kind of made it a family affair. 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. And for what its worth, I loved your book. And like a lot of people, thats how you started. And it is for us too, I think, theres a lot that we are very similar on, and I think thats probably why we resonated so well when we finally connected. So, theyre just frothing for guys like us that can bring them something that provides cash flow tax-free. The money like you have a good deal, trust me, money is the easiest thing to come by, even when you dont have it. Its 182 units. I dont know the exact number that we give out every year now. Ive owned and built self-storages and office buildings and condo projects and single-family. Further, he is a sought-after speaker on real estate investing at events around the world. And I just got to say Ive had so much fun hanging with you here today. Otherwise, youre not going to go. And bless their hearts, they wanted to help so much, and even inside the first semester, they did what they could to like be supportive and theyre just incredible parents. In his account, he shares his over two decades of experience as a real estate investor. He grew up in a family that was below middle class, even in some cases, and lower than that. You have to evaluate your relationships with your people and you just never know when that is. Reviews go a long way in helping us build awareness so that we can impact even more people. And so, thats how I started and it was interesting and it was all on a handshake from the guy that allowed me to manage it. Ken McElroy (@kenmcelroy) / Twitter How long have you used the same relationships and brokers and lenders and whoever it might be? Fueled by that determination, Ken bought his first investment property not long afterwards. Im having fun. Ken McElroy: I didnt overpay. 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. In fact, he spent 8 years managing properties before he would own any of his own. Our investors are happy. 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. Its like 25 questions but it kicks right to your inbox. 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.

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