14. Well, I think what happened in the beginning, I was a check writer like a lot of people, and I did it for tax reasons and it wasnt really meaningful. And so, the charity thing has been really significant for us. Ken McElroy: Yeah. Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. . I tell you what, my partner just laughs. I would ask him questions. . To learn more about the ins and outs of real estate investing, take a look at my book The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss. 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. He started telling me some of your story about how youre doing property management in the early days and tied up with Robert. And so, what happened was, what does happen, as you know, is all of a sudden youre like, Okay. She remarried in 1983, and, from what I know, lived a fairly happy life. And like a lot of people, thats how you started. Thats probably the best place you can look on there. Ask Ken Questions Were having fun, were making money for our investors and ourselves, and our employees are having a good time enjoying all of it. 28:05 - Advice for a 20-year-old self. It was a senior and it still is a senior property. And then thats when I realize theres all these people out there trying to learn. 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 then, of course, when I was hanging out with Robert Kiyosaki at the conference we were at, he just spoke so highly of you. Free shipping for many products! 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 mean, just the level of success youve had is spectacular. So, it was, Hey, figure out a way to go to college and to pay for it. Real Estate Strategies with Ken McElroy | Real Estate Education with Justin Donald: I love it. And so, were involved in a community. 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. So, theyre just frothing for guys like us that can bring them something that provides cash flow tax-free. 665: Best of Old Dawg's REI Network Podcast - The ABCs of Real Estate Ken McElroy on the Art of Entrepreneurship | Audio Length: 22:37 Im not getting paid. Since then, Ken has experienced great success in the real estate world from investment analysis and property management to acquisitions and property development. 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. Real Estate Investor Author Entrepreneur Partner at MC Companies 1 Billion AUM C-Suite Radio Host. It doesnt take much like you can make a commitment in seconds. I dont think I underpaid. Management. old pros as well as novice investors, this friendly, straightforward guide walks readers step by step through every stage of property analysis. Marriage, Money & Mayhem: Get started in Real Estate Investing with THANK YOU! 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. 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. And, as you know, the world is made up of reciprocity. Apart from working as a real estate investor, he has authored several books. You know, its really funny because your reputation really precedes you on a few different levels. And if you look at our website, its to invest, to live, to play, to give. 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. Real Estate Strategies with Ken McElroy - Audible.com Photos not available for this variation. 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. The speakers also emphasized the importance of changing one's . Reviewed in Canada . So, the two of us together, were still together and hes an incredible friend. So, theyre just frothing for guys like us that can bring them something that provides cash flow tax-free. It was cool hearing all that he knew and hes actually from Redmond, Washington, or lives there right now, so just outside Seattle. I mean, plain as day, I was like, Hey, Im out buying properties and Im looking for capital. Ken McElroy - MC Companies Review:The Abc's of Real Estate Investing:Ken McElroy. Its kind of fun. 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. Ken McElroy's Net Worth - Real Estate Investor & Entrepreneur - Techie And so, for me, I was already headed down that track but then it just solidified all of it. Robert Kiyosaki, the author of the renowned bestseller Rich Dad Poor Dad, refers to him as a Rich Dad advisor. It was just a number of different people, Stephen Covey, and I mean just you name it, Napoleon Hill. PDF The Advanced Guide To Real Estate Investing , Henry Jackson (2023) And I start with my rich uncle. What was the market for that? Click to enjoy the latest deals and coupons of Ken McElroy and save up to 70% when making purchase at checkout. Were you underpaying? Although Trena rode with McElroy at the end, she was victimized by him at age 12. 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. He is a man of average stature. 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? And one day I was like Im on the wrong side of the desk here. 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. Hes like, That is the book that just keeps on giving. Its been wonderful. Join us for the Investor Summit on Sand!