First time Ive been on stage and hes like, Tell them what you do, and he walked off. 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. I didnt know what I was doing but, thankfully, property management was kind of my ticket for my next eight years. Thats awesome. 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. Obituary daughter ken rex mcelroy. Although Trena rode with Ken McElroy is a famous Real Estate Investor, Author, and Entrepreneur. 15170 N. Hayden Rd., Suite 1 Scottsdale, Arizona 85260. Justin Donald: Yeah. 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. Its always a primary issue in our firm, and as you would imagine, that attracts a different kind of employee. Id go there and get there at 5 a.m., help set up, help with registration, whatever I needed to do. The book's compelling stories and lessons show why real estate is . behind Ken's fourth book, The Sleeping Giant, is to help inspire people to believe So, I go up on stage. 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. I received this book 2 days ago, and I have already finished reading it . So, for example, lets just use Robert. But there's a LOT more to Ken McElroy than his association with Robert Kiyosaki. Ken McElroy: It is. 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. As of now, McElroy has managed over $1 billion worth of properties. I included another book by Ken McElroy, . Trena McElroy Passed Away | Harry N. MacLean People do not move when theyre seniors. You have to evaluate your relationships with your people and you just never know when that is. But Robert and I were at a conference in New York with Trump, and I remember we were walking through the Javits Center and theres this booth. I didnt know anyone when I was young that was a business owner that invested as a profession. 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. 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. 28:05 - Advice for a 20-year-old self. And then as you would imagine and not by any kind of design, that attracts a different kind of employee. 14 Jun 2023. McElroys net worth is $20 Million. In fact, he spent 8 years managing properties before he would own any of his own. So, whats the story there? Marriage, Money & Mayhem: Get started in Real Estate Investing with Justin Donald: I love it. Ive owned and built self-storages and office buildings and condo projects and single-family. 4 Likes. Justin Donald: Oh, its so cool. Ken Rex McElroy (June 1, 1934 - July 10, 1981) was an American criminal and convicted attempted murderer who resided in Skidmore, Missouri, United States.He was known as "the town bully", and his unsolved killing became the focus of international attention. I believe that you had to have a bunch of money in the bank. And it took me a handful of years to figure out, No, this is holding me back. Review:The Abc's of Real Estate Investing:Ken McElroy. Its, well, untraditional I think like everybody gets into real estate. And thats really taken off. And when you have the thing that others want who have money, it is really easy to raise it. Using Inflation to Erode Your Debt: Real Estate Investing with 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. 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. I might not have been the strongest and fastest, but nobody was gonna outwork me. I always felt very sorry for her. Realtor.com Real Estate App 502,000+ 2000 - Present23 years. He was born to hardworking parents and grew up in a state in the United States. I was like, How did I have another level of mindset shift? And then I read your book and I was like, Man, I got to get in the game. And at that point in time, I was in Chicago and I kept on walking by. in ZEBULON, GA on realtor.com, your source for top rated real estate professionals. Overcoming the limiting belief that you need money in order to make a deal happen. 7-13 Jun 2023. Ill be there. So, I forgot. I mean, any time youre mentioning something with the word billions, you know that youre doing something right. And so, for me, I was already headed down that track but then it just solidified all of it. More Information. PDF Real Estate Finance And Investments 15th Edition And you just started knocking on doors, calling. I dont know the exact number that we give out every year now. 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. You know, its really funny because your reputation really precedes you on a few different levels. 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. But I also love really what youve done on the charitable side. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); You dont have to come from money to build wealth. Coupons are always real-time. The ABCs of Real Estate Investing - Ken McElroy PDF Ken McElroy's Net Worth - Real Estate Investor & Entrepreneur - Techie Premium Newsletter You know, hes very bright, very smart, way smarter than me in a lot of ways. Day 1. And so, that was really cool. . He co-hosts the podcast with Danille and delves into a wide range of topics related to 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. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. 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. View Full Itinerary. 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. Please note that some processing of your personal data may not require your consent, but you have a right to object to such processing. Now, this book is a few years old, so, you know, I'm sure some things have changed. Its got a $20 million value-add, we got to put this much in it, and Ive already got a debt quote. You would say, In. Now, there are a zillion things that I have to prove out but a lot of people dont realize that investors are sitting on a bunch of money typically in their bank account and/or theyre making a bunch of money and their companies are kicking off a bunch of money. Day 9. Justin Donald: Unbelievable. We had a good time in Dallas, thats for sure. So, the two of us together, were still together and hes an incredible friend. I wish I would have mended a relationship. And part of that trip is working in an orphanage for the blind in Africa. As per sources, he has assets of $750 million in real estate. He owns over 10,000 units in Manhattan. And so, I am relationship first and business is actually pretty low on the category for me. So, it was, Hey, figure out a way to go to college and to pay for it. You raise the first floor and theres a bunch of other things that we did but we ended up filling it up. Play Audio. It was Tom Wheelwright. 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 his account, he shares his over two decades of experience as a real estate investor. It just didnt matter. He is a man of average stature. Sure. Were a very giving company. Whether you want to write your own deals, learn to syndicate, or be a passive investor, my Real Estate Investing Master Course is made for you. I've been watching countless, super helpful videos on Youtube by Graham Stephan and more. We . 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. I go, Look at this brochure. And so, what happened was, what does happen, as you know, is all of a sudden youre like, Okay. They rescued over 500 kids last month. In his podcast, he shares his personal experiences and the strategies hes implemented throughout his career. Deals get done almost on a napkin now. Id love for my audience to learn more about you. Building and developing multi-family communities. I read it in one night. I love shining a light on Love Justice International because they are stopping human trafficking in 17 countries around the world. Lets try to scale it. And so, that happened and then I joined EO. McElroys mother worked as a hairdresser and his father a contractor. 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. Further, he is a sought-after speaker on real estate investing at events around the world. And I know youve experienced that as well. Its not for us. The ABCs of Property Management: What You Need to Know to Maximize Your 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. But when I did, I coveted it and it was a fair deal. You know, it was so fun kind of just hearing your story, learning about your connection with real estate and all the, I mean, youve been in it for years, the deals that youve done with Robert Kiyosaki. And so, just scrapping it out, trying to be a little more educated than I was. Ken McElroy. And so, I wanted the money of the book, the profits, to go towards charitable organizations. 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. Justin Donald: Thats so great. And if the deal is good enough, the money will show up. And thats the truth. Ken McElroy (@kenmcelroyofficial) Instagram photos and videos Its 182 units. And so, I poured myself into that and thats been a labor of love. What a mindset shift. And then when I read Cashflow Quadrant, I was like just totally blown away. 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. Danielle McElroy (@daniellemmcelroy) Instagram photos and videos Associated persons: John N Mcelroy, Karen S Mcelroy . Fueled by that determination, Ken bought his first investment property not long afterwards. 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 . KenMcElroy.com | LinkedIn And so, thats one of my philosophies. I met with him the next day and, of course, I made that the topic like you would. Its got a $20 million value-add, we got to put this much in it, and Ive already got a debt quote. You would say, In. Now, there are a zillion things that I have to prove out but a lot of people dont realize that investors are sitting on a bunch of money typically in their bank account and/or theyre making a bunch of money and their companies are kicking off a bunch of money. Again, Justin, you just got to like put yourself out there and you just got to put things in motion and anybody listen, I grew up like you very humbly and thinking that this is where I was going to be for the rest of my life, and I just continue to work hard. learning, playing and networking until we pack up and go home on Wednesday, June 14th, 2023. These are timeless principles that anyone can use to pick out high-performing investments that produce passive cash flow streams reliably and immediately. . And the issue when I came on was that all the downstairs were full and all the upstairs werent for obvious reasons, right? I dont think I underpaid. 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? Key Takeaways with Ken McElroy. Ken has gone on to experience great success in the world of real estate. 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. Ken is a Rich Dad Advisor to Robert Kiyosaki ("Rich . 298 Listens. Ken McElroy Real Estate, Bio, Wiki, Age, Height, Wife, Books, Podcast Youve done that. They are: On April 13, 2015, McElroy launched his YouTube account. To get your questions answered and learn more about Ke. 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. Ken McElroy has experienced massive success in the real estate world-from investment analysis and property management to acquisitions and property development. Ken got his start during college, when he took a job managing an apartment complex. Real Estate investing seems like an exciting field and for the past month, I have been doing research every day on it. You guys have been friends for a long time. Honestly, it was an incredible experience. Thats incredible. Theyre donating their time, donating their resources, theyre starting them themselves, theyre sitting on the boards of them.. 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. SKIDMORE, Mo. 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? 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. Presumed owner of the real estate located at 13201 N 69th St, Scottsdale. Ken shares his knowledge as the Real Estate Advisor to Robert Kiyosaki of The Rich Dad Company, a Forbes Council Member, with contributions to . (46 to 54 years old) - Now in or entering their prime earning years, this group will also face a tough time selling suburban homes, hampering the ability of these boomers to move. 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. I had a scholarship but didnt pay for everything. Reviews go a long way in helping us build awareness so that we can impact even more people. He is probably mulling over a deal right this second. Youve got to come up with $2 million. Id love to hear more about that. Apart from working as a real estate investor, he has authored several books. 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. And so, the lessons of life theyre everywhere as you navigate things and you start to open your mind and see things for what they really are. Its like 25 questions but it kicks right to your inbox. I wanted to learn how to articulate from stage and I wanted to see the world. McElroy helps as many people as possible to achieve financial freedom through real estate. 30:34 - Wrap up. 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 teach you how to organize your finances, find tenants, and discover tax-friendly ways to reinvest your profits. So, all this stuff starts to happen. Real Estate Market 2023 - Robert Kiyosaki, @KenMcElroy. And so, when I actually got the courage and decided I was going to start owning properties, I didnt know what to do and I started finding mentors and coaches and things like that. 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. 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. And so, I remember I read Rich Dad Poor Dad and I was like, This is incredible. 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 you know, its interesting, my parents werent able to afford my education either. 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 then for about a year, they passed on everything. Literally, I had to fire the manager and the two assistant managers, and I was there by myself. And it was fun to write. With over $700 million investment dollars in real estate, Ken . PDF El Abc De Invertir En Bienes Raices Ken Mcelroy Pdf Pdf Copy Ken McElroy: Thank you. Like, was that a fair price? Associated persons: Joseph J Knouse . 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. He shares his expertise with millions of people around the world, appearing on Tony Robbins' Wealth Mastery. He serves as the host of a weekly business podcast, Real Estate Strategies. 6 Jun 2023. . So, we give a lot. I appreciate your time and being on your channel and I know were going to get you on mine. And it took me a handful of years to figure out, No, this is holding me back. I tell you what, my partner just laughs. I was taught the same as everybody else. And I start with my rich uncle. Thats probably the best place you can look on there. The turning point came when the property owner dropped by the office to pick up his check for the month. Ken McElroy (@kenmcelroy) / Twitter Justin Donald: Thats incredible. What is it? I had no idea he did seminars or anything and hes like, Yeah. Investor, Entrepreneur, Best-selling Author, Rich Dad Real Estate Advisor. 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 . Robert had me on stage. And one of my mentors when I was off base with somebody, she said to me, Well, one of you is out of exchange. Im kind of like, Oh, thats a very interesting way to put it. And it was true. 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. Its kind of fun. Ken McElroy was born in United States on June 1, 1934. And so, we went all over the world together, and now Ive now written six books, I think. We have a great company culture. Ken McElroy, author of "ABCs of Real Estate Investing" says, "The inflation rate was 9.1% in June, it's 7% now. He is the owner of MC Companies in Scottdale since 2000. And I, of course, because I make a lot of money on my real estate, I dont even know why Im speaking. Virtual Happy Hour with Ken They've raised interest rates six times and it's only gone down two percent." The good news, as Ken explains, is you can make money no matter what happens in the economy. And so, we said, Okay. Moreover, he bought his first investment property not long afterward. I NEVER Buy Real Estate Without Following This First Step Price: US $99.99. Rich Dad's Advisors: The ABC's of Property Management - Ken McElroy 2008-09-12 If you can find a good deal, the money will always follow. Well, each kid I brought up, we summited. Its always a primary issue in our firm. comprehensive coverage of real estate concepts as well as a detailed overview of the industry. I mean, just go google it. And in my EO chapter, there was a guy that knew Robert and I was raising capital. 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. The story of how Ken went from managing an apartment building as a broke college student, to acquiring over $3B in real estate. Monthly Webinar But if I called you up right now and I said, Hey, we buy it for this. So, they set a certain number and then you got kind of that over. 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. I ended up kind of being in property management and I learned so much but what I learned is I was creating all this value for other people. The Old 97's. When: 7 p.m. Tuesday. And then, of course, when I was hanging out with Robert Kiyosaki at the conference we were at, he just spoke so highly of you. The seniors didnt want to walk up the stairs. Ken McElroy has an estimated net worth of $20 million. 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. Let us show you how to get there. The ABCs of Real Estate Investing by Ken McElroy - Complete Book Summary. Im going to take this over, and I became the chairman of the walk for two years while he was recovering. I would bring them on a lot of those trips. She was born June 14, 1944. . He is also a contributor for The Real Book of Real Estate. The Advanced Guide To Real Estate Investing . This channel is a place for . In addition, he is the author of The Sleeping Giant and The ABCs of Real Estate Investing. You know, we used to be called YEO at the time, which is Entrepreneurs Organization. Trena McElroy, center, is led to a car with her stepson Ken McElroy Jr. . The story of how Ken went from managing an apartment building as a broke college student, to acquiring over $3B in real estate. Ken McElroy: Thanks. And the way that worked back then was that you got whatever you collected over a certain amount. On your own asset, maybe you only have one at a time. And then shes like, Youre going to get swamped, because all I did was talk about what I was working on. You know, now its kind of old news but this is like, this is going to happen. Yeah. I mean, these are people that had a huge impact whether they know it or not. But if I called you up right now and I said, Hey, we buy it for this. I need to start making moves towards it versus not just laying in this limiting belief space where I think I have to have the money. Thanks. Connect with the Guest: Website:https . PDF The Advanced Guide To Real Estate Investing , Henry Jackson (2023) It was a small property that barely turned a profit, but it didnt matter. Ken McElroy, The ABCs of Real Estate . Ken McElroy: Oh, yeah. Take the Quiz to find out! So, those kinds of things, they open doors and get you in spots that maybe you wouldnt be at from a speaking standpoint or on a radio or whatever. "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 . 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. I actually just need to go find the deals. The murder occurred in broad daylight, with as many as sixty eye-witnesses present . 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. . 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 then my friend, he started California Closets and he was one of the founders at EO. Find many great new & used options and get the best deals for RICH DAD'S ADVISORS: THE ABC'S OF REAL ESTATE INVESTING: By Ken Mcelroy *VG+* at the best online prices at eBay! It is like the same excuses, almost exact. Thanks so much. How long have you used the same relationships and brokers and lenders and whoever it might be? She remarried in 1983, and, from what I know, lived a fairly happy life. So, this would have been almost 25 years ago, I guess. The ABCs of Property Management: What You Need to Know to Maximize Your Media. Like, I want to do this anyway, and its really neat that we get to share this with the world, you know? And so much of what youre saying is just spot on, especially with like the deal terms. If you can prove that you can make money, investors want to give it to you. And so, all the profits of Lifestyle Investor have gone to an organization. So, everybodys all in sport coats and Im in t-shirt and shorts. Real Estate Titans offers an insider's view into several of the most successful investors on the planet. Justin Donald: Yeah. So, I love it that you do that. Ken got his start during college, when he took a job managing an apartment complex . 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. Justin Donald: Ken, that is incredible, and I love that you were able to use your foundation to support your own team and staff in a time of need and of crisis. Management. And I feel like thats exactly what you guys have had. The ABCs of Real Estate Investing: The Secrets of Finding Hidden Check out my Channel on Youtube that was created to inspire you to grow your mind and money and ultimately live your best life. 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.
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