I understand this and I love spending time there and time as far as treasures, right? I wanted to learn how to articulate from stage and I wanted to see the world. He also hosts real estate training programs and has written six books, including The ABCs of Real Estate Investing. He hosts the podcast Real Estate Strategies with Ken McElroy. Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. Youre neighbors now. Im having fun. Ken McElroy. And its funny because over time, I kept getting the same answer and finally it clicked for me and that was, Oh, the people that have figured it all out and are really successful in life and are so successful that they dont need to work, theyre spending their time at these charities. Robert Kiyosaki and Ken McElroy discuss the current state of the real estate market, including the impact of rising interest rates and the importance of understanding debt and market cycles. Ken McElroy: Yeah. I mean, any time youre mentioning something with the word billions, you know that youre doing something right. Real Estate Titans offers an insider's view into several of the most successful investors on the planet. Join Ken McElroy as he answers your questions, regarding real estate, entrepreneurship, and much more! You know, we used to be called YEO at the time, which is Entrepreneurs Organization. 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. So, its quite a few charities because we have 250 employees. One of these women was 24-year-old. Ken McElroy: Yeah. Ken McElroy and Tarl Yarber have teamed up to create a financial freedom expo with the sole purpose of helping to change lives in today's chaotic world so that others do not get left behind. He attended college through an athletic opportunity. But I also love really what youve done on the charitable side. And then the broker started to take a look. In fact, that is one of our core values is to be giving. Click to enjoy the latest deals and coupons of Ken McElroy and save up to 70% when making purchase at checkout. Ive got to assume you didnt have this yourself. And now weve acquired a little over $3 billion in assets. Real estate investing and property management. Justin Donald: You know, its interesting. Justin Donald: Yeah, thats incredible. Ken McElroy: Oh, yeah. In addition to sharing his expertise, Ken also shares his mindset, because building wealth isnt simply about putting money in the right place at the right time. I want to know where the people that are doing the thing that I want to do. Further, his account has 16,287,514 views with 299K subscribers. . He is also a contributor for The Real Book of Real Estate. The book's compelling stories and lessons show why real estate is . Im like trying to educate and Im actually trying to figure that all out, too, but at the same token, in the beginning, I was trying to hold my own speaking and try to figure that out and deliver good messaging and all that kind of stuff. Ill outwork: Thats the kind of wrestler I was too. It is one of our core values. They had just sold their business and Rich Dad Poor Dad had just been released. And so, its really interesting seeing this world kind of just come together here. Reviews go a long way in helping us build awareness so that we can impact even more people. To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedomvisit JustinDonald.com/book. 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 . But moreover than that, there are so many people that dont even have basic human rights and human freedoms. Obituary daughter ken rex mcelroy. comprehensive coverage of real estate concepts as well as a detailed overview of the industry. 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. The whole thing was awesome. Premium Newsletter Ken McElroy: Yeah. 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. He is a man of average stature. So, Im coming out with the new revised version next year but that book has been great, tried and true. 228 talking about this. @kenmcelroy. Ken has held many board positions with the Arizona Multi-Housing Association with the most recent as past Chairman of the Board. Despite being a renowned Real Estate Investor and Author, McElroy has kept details regarding his marital status confidential. 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 hes a little bit older than me and has a little more experience, too. Ken McElroy: I appreciate it. he has worked as a Real Estate Investor, Author, and Entrepreneur for over 20 years. 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. That is so cool. He is probably mulling over a deal right this second. Its in a 55-age restricted community. 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. . So, I started small and made small mistakes but I was in the property management business, so I actually was pretty good at keeping it full and managing it and all that. 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. Ken McElroy: Thanks. Like, maybe their husband or the wife had lost a job or parents or whatever. Ken oversees the company's asset portfolio and leads the day . Youve done that. And this is the only place where Im guaranteed to answer your questions and look over your deals. Even though he didnt invest, the lesson from him was invaluable because youre asking all the wrong questions, youre doing all the wrong things, youre looking at all the wrong things and you have all the wrong assumptions, and you think you do but you dont. Its awesome unless they have to which is rare. Essentials of Real Estate Finance can help students pass their exams, assist professionals advising clients, or help buyers understand what finance options are available. Ken founded McElroy Management in 1998, and in 2001 merged his company with Ross McCallister, creating MC Companies. They cant keep the same vendors, clients, whoever it is that they use. I met with him the next day and, of course, I made that the topic like you would. ' And youre like, I kind of wasnt prepared for it but it was my first speaking engagement. But then you went on to do a lot of speaking with him and then also with one of my other favorites, Tony Robbins. We believe that everyone deserves financial freedom. And like a lot of people, thats how you started. Ken McElroy: Yeah. But there's a LOT more to Ken McElroy than his association with Robert Kiyosaki. 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. 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 received this book 2 days ago, and I have already finished reading it . (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. 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. Would love feedback from anyone who has taken his class, and especially to know if the content is helpful . Discounts on Upcoming Courses. I tell you what, my partner just laughs. 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? Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Monthly Webinar 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. And you know, in the last five years, we hired a full-time director of philanthropy. 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. 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. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. And I was scared to death. I was scared to death, it was all my savings, and it was cash-flowing just north of $100 a month: thats if it was full. in the course of guides you could enjoy now . Its kind of fun. And he turned me onto his buddies and, as you know, the power of the math like once they saw the deal and they start to see the return and they were excited about the senior market because even in the 90s, they were talking about the aging baby boomers. Ken McElroy: Yeah, its true. So, theyre just frothing for guys like us that can bring them something that provides cash flow tax-free. of Bluffton, SC passed away on 7/25/2020 . Its interesting because you talk about how and I remember when we first met youre like, Yeah. It is like the same excuses, almost exact. And so, what happened was, what does happen, as you know, is all of a sudden youre like, Okay. I dont know the exact number that we give out every year now. Robert had me on stage. I believe that you had to have a bunch of money in the bank. He is a man of average stature. 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. 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. She was born June 14, 1944. . 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. He was born in a state in the United States. 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. Like, I want to do this anyway, and its really neat that we get to share this with the world, you know? I was supposed to be there Friday or Saturday, totally forgot. And so, reading your book, I was like, Man, this is possible. Ken McElroy: It is. You raise the first floor and theres a bunch of other things that we did but we ended up filling it up. He was born in a state in the United States.McElroy is around 55 years old although details regarding the date and year he was born remain unknown.. Ken McElroy Height. Get & Download PDF Who ABCs of Real Real Invest - Ken McElroy Free, Update the latest option with high-quality. 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. His career kicked off while in college as he took a job managing an apartment complex. I think the things probably worth 50 now or something. And every time you want to maybe feel a little bit bad about yourself or feel down, all you got to do is go back to some of those moments. I've been listening to "The ABC's of Real Estate Investing" by Ken McElroy. Ken McElroy, author of "ABCs of Real Estate Investing" says, "The inflation rate was 9.1% in June, it's 7% now. And Ill tell you, really, you want some purpose. And thats how I got on the other side and I started doing that in the late 90s and I never looked back. Associated persons: John N Mcelroy, Karen S Mcelroy . I bought it over 20 years ago. Right now, I own about not quite 1.5 billion. Premium Videos & Mini-Courses We have five core values and one of them is be giving. 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. The Advanced Guide to Real Estate Investing - Ken McElroy 2013 If you're interested in real estate investing, you may have noticed the lack of coverage it gets in mainstream financial media, while stocks, bonds, and mutual funds are consistently touted as the safest and most profitable ways to invest. In a lot of ways, he was probably my first real estate mentor but I didnt get a lot of face time with him because he was so busy. Hes like, All right, just talk. Ken McElroy: Yeah. 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. We found that just from doing something that Ross and I wanted to do, our culture got better, stronger, deeper and tighter, and we started attracting very good people, because they wanted to be part of something bigger than just making money. Ken McElroy. Condition: Very Good. Find real estate agency McLeRoy Realty Associates,Inc. Yeah, Ill come. And so, I had a wrestling scholarship, thankfully, and I got in that way. And so, the interesting thing is when I finally started meeting successful people and I would say, Hey, how can I meet more people like you? Justin Donald: Yeah. But what happened when I did find is that the deal drives the investor. So, I didnt have a lot of mentors in investing or entrepreneurship or anything like that. This is a self-guided course with worksheets and real-life examples. You did this with Robert. Management. So, I start with a two-bedroom, two-bath using my own money. How long have you used the same relationships and brokers and lenders and whoever it might be? And the way that worked back then was that you got whatever you collected over a certain amount. Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience in multifamily asset and property management, development. Sorry. Youre super close. Weve been to Russia, Asia, Australia multiple times, all over Europe, all over the US, Canada, Mexico, Spain, you name it. Its kind of fun. 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. Its always a primary issue in our firm. Ken McElroy has an estimated net worth of $20 million. I already have my rich uncle. Id never been to anything like this. I bought it over 20 years ago. Your time, your treasures in these spaces for the right reasons and its amazing the fun synergies and connections you can have with other like-minded philanthropists that value this in their life and in their business. Ken got his start during college, when he took a job managing an apartment complex. Bob Boze Bell True West Magazine, Bio, Wiki, Age, Salary, and Net Worth, Sarah Carey Chef, Bio, Wiki, Age, Wife, Partner, Recipe, And Net Worth, Copyright 2023 | WordPress Theme by MH Themes, List of States in the US, Alphabetical list of States in the U.S., and Abbreviation of States in United States. Its so neat to just see how these worlds collide and who knows who and, I mean, one conversation, one relationship in the trajectory of change for the direction of your life, like the gravity of that one intersection is just mind-boggling. And I end up raising money through my attorney at the time and his buddies.