Its funny. And what that turned into was a full-time Director of Philanthropy. It wasnt a deep discount at all. 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. Through his profession, he has attained a decent fortune. But then I actually had some duplexes, fourplexes, and things like that but then I jumped right up and bought a property that I was managing and I still own it. I bought it over 20 years ago. And like a lot of people, thats how you started. What a mindset shift. And then when I read Cashflow Quadrant, I was like just totally blown away. He grew up in a family that was below middle class, even in some cases, and lower than that. The Smallbiz Brain. They will show you how to become a successful real estate investor. It was a small property that barely turned a profit, but it didnt matter. And so, when people like Mr. Litwin or my uncle can come in and say, Hey, these are things that you should be looking at, then you slowly change your pitch, you slowly change your business plan. 2000 - Present23 years. I know like, well, I climbed Kilimanjaro twice with my kids. That is so cool. behind Ken's fourth book, The Sleeping Giant, is to help inspire people to believe Advice for people interested in investing in real estate. Ask Ken Questions 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. Our turnover was almost nothing. (The two have very different views, but still good to know) He was on the Forbes list at the time in New York, and I called him up and I remember as plain as day I was walking through the Portland airport and I was on the phone with him and we cut a deal right then over the phone almost in a handshake and hes like, Ill send over the documents. And its a long story behind it but I had his trust as being the property manager for a while because it had a rough start, I fixed it, and he had one investment. Ken McElroy: Yeah. Real Estate Titans offers an insider's view into several of the most successful investors on the planet. Ken McElroy: Yeah. And so, thats when I started to be more intentional. If Im going to meet this guy I better go buy his book and read it. So, I went to the store and bought the book. 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. And then as you would imagine and not by any kind of design, that attracts a different kind of employee. Ken McElroy - Investor Summit And so, like you have your book, right? Ken McElroy, The ABCs of Real Estate . 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. 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. You did this with Robert. And I end up raising money through my attorney at the time and his buddies. So, it was, Hey, figure out a way to go to college and to pay for it. 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. 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. It was cool hearing all that he knew and hes actually from Redmond, Washington, or lives there right now, so just outside Seattle. Mc Companies is a longstanding real estate investment company based in Arizona. It was Robert. Review:The Abc's of Real Estate Investing:Ken McElroy. I met with him the next day and, of course, I made that the topic like you would. It is your completely own grow old to sham reviewing habit. The turning point came when the property owner dropped by the office to pick up his check for the month. Find many great new & used options and get the best deals for Rich Dad's Advisors: The ABC's of Real Est- 0446691844, paperback, Ken McElroy at the best online prices at eBay! I wanted to learn how to articulate from stage and I wanted to see the world. Now, this book is a few years old, so, you know, I'm sure some things have changed. Justin Donald: Thats incredible. Ken McElroy has generated over $750 million investment dollars in real estate. The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. Ken got his start during college, when he took a job managing an apartment complex. Join us for the Investor Summit on Sand! I NEVER Buy Real Estate Without Following This First Step As my friend says, Way leads the way leads the way. Its just things connect as you get into motion. Says Rich Dad Advisor and Author Ken McElroy: - Medium Literally, I had to fire the manager and the two assistant managers, and I was there by myself. What type of investor are you? 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. I was taught the same as everybody else. 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. And so, I had a wrestling scholarship, thankfully, and I got in that way. On your own asset, maybe you only have one at a time. Click this link to get a free copy of the video notes: Learn more about Ken McElroy and sign up for his video library at: Join Ken McElroy as he explains how investing in cash flow positive real estate investments will have significant benefits as the U.S. economy moves into a more inflationary period. So, I just wanted to share that with you, and it was really neat when we got a chance to meet. But how did you guys meet and how did you broker this relationship? 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. The speakers also emphasized the importance of changing one's . I would ask him questions. He shares his expertise with millions of people around the world, appearing on Tony Robbins' Wealth Mastery. So, the two of us together, were still together and hes an incredible friend. Your book, The ABCs of Buying Rental Property, was the third book I read in the Rich Dad Poor Dad series. . And it was fun to write. 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. 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. Ive just had so much fun getting to know you and learning more about your story. Real estate investing and property management. Commercial-Free YouTube Videos And so, we went all over the world together, and now Ive now written six books, I think. Its awesome unless they have to which is rare. 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. The job ignited his entrepreneurial spirit and his turning point came as he was picking up his check. @kenmcelroy. Ken McElroy - Wikipedia THANK YOU! Building on the foundation of real estate investment 101, McElroy tells readers: . Premium Newsletter He is the owner of MC Companies in Scottdale since 2000. And so, for me, I was already headed down that track but then it just solidified all of it. It doesnt take much like you can make a commitment in seconds. According to real estate guru Ken McElroy, of Bluffton, SC passed away on 7/25/2020 . And, boy, did I have an education at that place. Get Your Copy Analyze Deals Like a Professional Investor I want to know where the people that are doing the thing that I want to do. Trena McElroy, center, is led to a car with her stepson Ken McElroy Jr. . The idea. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. 00:28:37 - Join Ken as he speaks with Kelly Johnson from his property management company on how he and his team were able to manage properties virtually throug How to manage a property during lockdown - Real Estate Strategies with Ken McElroy () | Listen Notes About us. But when I did, I coveted it and it was a fair deal. 665: Best of Old Dawg's REI Network Podcast - The ABCs of Real Estate 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? The power of putting yourself out thereand how this mindset led Ken to working with Tony Robbins. How to manage a property during lockdown - Real Estate Strategies with And so, Im like trial by fire, I guess, and then eventually kind of turn that into the more of a learning platform like yourself and put some real effort behind it and some people behind it and put some wind behind it. Day 9. Click to enjoy the latest deals and coupons of Ken McElroy and save up to 70% when making purchase at checkout. I teach this seminar and its in Cave Creek, Arizona. Im like, Okay. 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. in ZEBULON, GA on realtor.com, your source for top rated real estate professionals. 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, they set a certain number and then you got kind of that over. He is also a contributor for The Real Book of Real Estate. Justin Donald: I love it. Rich Dad's Advisors: The ABC's of Real Estate Investing: The - eBay 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. Thank you for sharing that with us and with our audience. Its quite a few charities, because we have 250 employees. Ken McElroy, The charity thing has been really significant for us. 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. Ive never heard him speak so highly of anyone before. 4) The 3 Levels Of Research. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); You dont have to come from money to build wealth. PDF Rich Dad Advisors Tax Free Wealth How To Build Massive Wealth By Ken McElroy: Its so true, Justin. McLeRoy Realty Associates,Inc. Real Estate Agency in ZEBULON, GA McElroys net worth is $20 Million. So, I was hustle and hustle and hustle to get to that point, and I was laughing because theres an analogy between when I was collecting rent and collecting for a $10 newspaper. 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
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