Justin Donald: Thats right. Today, Ken is committed to helping as many people as possible to achieve financial freedom through real . Real Estate Market 2023 - Robert Kiyosaki, @KenMcElroy. He is the owner of MC Companies in Scottdale since 2000. What you do need is a strong work ethic, solid relationships, and a willingness to put yourself out there! Watermark-Free Sample Forms So, that kind of got us through that period of time. Ken McElroy Age. First time Ive been on stage and hes like, Tell them what you do, and he walked off. My Inner Circle Membership provides a space for real estate investors to learn, make connections, and get expert advice. And so, I had flip-flops on, shorts, and a t-shirt. And I kind of have this philosophy that as long as someone in my network is an expert at the thing, if Im going to spend money on it, I might as well do it inside my family, my family of friends. Mc Companies is a longstanding real estate investment company based in Arizona. 4) The 3 Levels Of Research. We were talking about a few other people in your pipeline that you did this. It was a small property that barely turned a profit, but it didnt matter. This is a self-guided course with worksheets and real-life examples. We had a good time in Dallas, thats for sure. Its always a primary issue in our firm. Like, that to me is something to pay attention to. So, this would have been almost 25 years ago, I guess. Ken McElroy: I appreciate it. In this week's podcast, Rich Dad Advisor Ken McElroy shares his story of . behind Ken's fourth book, The Sleeping Giant, is to help inspire people to believe Justin Donald: I love it. Having purchased over $400 million in real estate in the past two years, Ken brings a unique property management perspective when estimating a property's potential value. And so, that was really cool. 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. I called Robert and I met him and Kim at the Phoenix Country Club because they were living in Phoenix at the time and they had a home in Hawaii. You have to evaluate your relationships with your people and you just never know when that is. I dont think I underpaid. He owns over 10,000 units in Manhattan. Ken's an uber-successful entrepreneur, philanthropist, and real estate syndicator with over two decades of experience and nearly a billion dollars of deals on his resume. 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. 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. So thats what I did. Tony Robbins. I mean, just the level of success youve had is spectacular. And it was fun to write. How Ken developed an unexpected friendship with Robert Kiyosaki. I dont know the exact number that we give out every year now. Its kind of fun. 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. But in a dramatic act of . Hes like, All right, just talk. So, I wish I would have gotten that early of a start but you got to run it while youre in college. And I realized when you see the faces of the folks and then the stories and you start to really connect with people, I realized that I needed to get more involved in things. Reviewed in Canada . I teach this seminar and its in Cave Creek, Arizona. Im like, Okay. Join Ken McElroy as he answers your questions, regarding real estate, entrepreneurship, and much more! 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. I say this often in my podcast that the people that I meet and get to know better, its so fun. Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. A major factor in Ken's real estate success is his brand, MC Companies. Ended: Apr 24, 2023 , 6:11PM. I wish I would have mended a relationship. Ken was hooked. Click to enjoy the latest deals and coupons of Ken McElroy and save up to 70% when making purchase at checkout. And so, I poured myself into that and thats been a labor of love. And so, its really interesting seeing this world kind of just come together here. 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. You can also help by providing an honest rating & review over on Apple Podcasts. 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. So, I start with a two-bedroom, two-bath using my own money. He actually had an opportunity to buy the apartment complex as a college student and then manage it, which is just. Our turnover was almost nothing. "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 Lorem ipsum dolor sit amet, consectetur adipiscing elit. And in addition to that, my partner Ross, he had some things happen in his family around cystic fibrosis. 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 . Were having fun, were making money for our investors and ourselves, and our employees are having a good time enjoying all of it. What type of investor are you? So, all this stuff starts to happen. The story of how Ken went from managing an apartment building as a broke college student, to acquiring over $3B in real estate. She remarried in 1983, and, from what I know, lived a fairly happy life. Free shipping for many products! Vail, Thomas E. Thomas E. Vail - Huerfano World - December 9, 1993 - Thomas E. Vail died Thursday, Dec. 2,1 993 in his La Veta home. 14. Its because in Arizona, things are easily $300 a door right now and in some cases $400 a unit. . The speakers also emphasized the importance of changing one's . So, whats the story there? And so, all the profits of Lifestyle Investor have gone to an organization. So, its quite a few charities because we have 250 employees. So, I didnt have a lot of mentors in investing or entrepreneurship or anything like that. More Important Than Money: an Entrepreneurs Team. Mc Companies is a longstanding real estate investment company based in Arizona. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. 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. The Advanced Guide To Real Estate Investing . These are timeless principles that anyone can use to pick out high-performing investments that produce passive cash flow streams reliably and immediately. With multiple units, the property value is based on the current cash flow of the property.". Virtual Happy Hour with Ken And I remember my son, my older son, coming over here in about an hour, I said, So, what was your takeaway from the whole week of that week and the climb in the mountain, which took another two weeks? He said, I cant believe how happy these people are and how little they had. And I was like, All right, good for you. Because when youre around that stuff and you immerse yourself in that stuff, you start to realize how lucky, how grateful actually we really are. 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. I didnt know any better. Investing Calculators And thats really taken off. 2,148 Followers, 954 Following, 524 Posts - See Instagram photos and videos from Danielle McElroy (@daniellemmcelroy) Id never been to anything like this. So, everybodys all in sport coats and Im in t-shirt and shorts. To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedomvisit JustinDonald.com/book. It wasnt a deep discount at all. Where: Fitzgerald's, 2706 White Oak. So, theyre just frothing for guys like us that can bring them something that provides cash flow tax-free. For over two decades, Ken McElroy has experienced great success in the real estate world through investment analysis, acquisitions, property management, and property development. But we used an arms length. And I know youve experienced that as well. We do have something for your listeners. Tickets: $20-$24; 713-862-3838, fitzlivemusic.com. 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. He shares his insights and experiences on his podcast, Real Estate Strategies with Ken McElroy, and on his wildly popular YouTube channel. And one day I was like Im on the wrong side of the desk here. Fueled by that determination, Ken bought his first investment property not long afterwards. I was taught the same as everybody else. And I end up raising money through my attorney at the time and his buddies. Back then we didnt have the internet and trying to figure out people that had money. She was born June 14, 1944. . 40.3K Followers. You know, its really funny because your reputation really precedes you on a few different levels. I've been watching countless, super helpful videos on Youtube by Graham Stephan and more. So, it was, Hey, figure out a way to go to college and to pay for it. And this is the only place where Im guaranteed to answer your questions and look over your deals. So, I learned that you not only spoke on stage with him and I believe it was that wealth mastery but I think youre the youngest speaker Tony had ever had. I actually just need to go find the deals. I actually was pretty good at keeping it full and managing it. You know, theyre like, Oh, this guy is like buying buildings now, and then the debt guys show up. But its a lot, and the employees can write their own grants, and they go through a board and all that, and they get the grants to whatever charity makes them happy. Premium Videos & Mini-Courses McElroys mother worked as a hairdresser and his father a contractor. We do videos and blogs and newsletters and all that kind of stuff to kind of support people that are trying to figure out things in the real estate community. 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. Ken McElroy was born in United States on June 1, 1934. Youre super close. Im having fun. Its 182 units. Ken McElroy on the Art of Entrepreneurship. Youve made a career of being able to have these long-term relationships. 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. Thats incredible. In the 90s too. 4,377 Following. Since then, Ken has experienced great success in the real estate world from investment analysis and property management to acquisitions and property development. Together with his real estate investment company, MC Companies, Ken has transacted over $1 billion in real estate. They rescued over 500 kids last month. And, as you know, the world is made up of reciprocity. And all these booths trying to sell stuff around real estate, some were down in the Caribbean, some were passport issue stuff, and some were in Mexico, and some were local. So, I just wanted to share that with you, and it was really neat when we got a chance to meet. Moreover, he bought his first investment property not long afterward. Its a true story about buying any unit building and how to do it. old pros as well as novice investors, this friendly, straightforward guide walks readers step by step through every stage of property analysis. And hes a little bit older than me and has a little more experience, too. I didnt know how I was going to do it: $2M down and $7M in debt, roughly. 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. 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. And, boy, did I have an education at that place. Day 2-8. I received this book 2 days ago, and I have already finished reading it, there is a wealth of information here, for those of you who are thinking of going into real estate I advise picking up a copy. @kenmcelroy. Ken McElroy: Its so true, Justin. Justin Donald: Oh, I love it. Presumed owner of the real estate located at 13201 N 69th St, Scottsdale. But really, my love is multifamily, which is what I primarily do right now. Justin Donald: You know, its interesting. 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. And well catch you next week. 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. 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). With real estate's relatively predictable cash flow, I believe it's still a sensible way to invest for the long term. We have a great company culture. Hes a general contractor. Like, maybe their husband or the wife had lost a job or parents or whatever. 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. But there's a LOT more to Ken McElroy than his association with Robert Kiyosaki. Thanks. And so, I had a wrestling scholarship, thankfully, and I got in that way. Premium Newsletter And I love that youre so good about developing relationships with people that become long-term business relationships and then they become friendships. 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. Our investors are happy. Ken McElroy: Thanks. But if I called you up right now and I said, Hey, we buy it for this. Ken McElroy. So, on Sunday morning I woke up. Obviously, its not perfect. Ken McElroy: Yeah. In addition, he is the author of The Sleeping Giant and The ABCs of Real Estate Investing. We need these changes to our zoning code to support better development patterns that incentivize affordable and sustainable housing. The money like you have a good deal, trust me, money is the easiest thing to come by, even when you dont have it. In addition, he co-hosts a weekly business podcast, Real Estate Strategies with Danille. Building on the foundation of real estate investment 101, McElroy tells readers: . He was a real estate attorney, still my attorney, by the way, and an incredible friend. What began as a way to simply cover his room and board ignited his entrepreneurial spirit. Why relationships are the foundation for success. He called and said, Listen, Ive got only a year to live, and he got diagnosed with cancer. You determine the property value, which becomes your offer. 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. Would you clean it up and fix it up? And Im grateful. I had a scholarship but didnt pay for everything. He was born to hardworking parents and grew up in a state in the United States. Why the most rewarding part about making money is giving it away. You know, it reminds me when I was younger. Justin Donald: Now, Ken, youre used to just like doing some property management, youve got a single-family home, maybe youve picked up one or two more at this time but like this is a big move to move from property management on other peoples stuff. Ken McElroy: Thank you. Ken is the author of the best selling books The ABC's of Real Estate Investing, The Advanced Guide to Real Estate Investing and The ABC's of Property. I jumped in my car and I drove up. Your book, The ABCs of Buying Rental Property, was the third book I read in the Rich Dad Poor Dad series. Well, each kid I brought up, we summited. They had just sold their business and Rich Dad Poor Dad had just been released. And so, the charity thing has been really significant for us. 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. And so, like you have your book, right? Upon graduating with his high school diploma, McElroy enrolled at the Pacific Lutheran University School of Business in 1986. 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? geico commercial actors and actresses,
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