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, boy, did I have an education at that place. You know, theres all these people wanting all this information, and all of a sudden I had some more investors. 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. And when you have the thing that others want who have money, it is really easy to raise it. 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. It is clear and concise as can be, and really easy to read because the font size is a . The Advanced Guide To Real Estate Investing . Discounts on Upcoming Courses. 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. Ken McElroy. 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. Tickets: $20-$24; 713-862-3838, fitzlivemusic.com. And so, the first one was hard, dont get me wrong, and then I had to work my butt off to prove out the numbers. It is your completely own grow old to sham reviewing habit. [], 2023 Justin Donald | Refund Policy | Privacy | Terms |. And I spoke with someone else earlier that also knew you. Its one of our core values: We have five core values, and one of them is to be giving. 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. You can also help by providing an honest rating & review over on Apple Podcasts. 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. Its 182 units. So, I wish I would have gotten that early of a start but you got to run it while youre in college. And part of that trip is working in an orphanage for the blind in Africa. Tony Robbins. 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. And I just got to say Ive had so much fun hanging with you here today. And it took me a handful of years to figure out, No, this is holding me back. And in my EO chapter, there was a guy that knew Robert and I was raising capital. Take the Quiz to find out! And so, I remember that my mentors were authors. In fact, theyre opening nine more locations and theyre just doing incredible work. 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. See original listing. You know, we used to be called YEO at the time, which is Entrepreneurs Organization. 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. Well, the best way is KenMcElroy.com and on there, youre going to find all kinds of stuff. Thats probably the best place you can look on there. Thank you for sharing that with us and with our audience. 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? Ken Rex McElroy was shot dead inside his pick-up truck on the 10th of July, 1981, via a storm of bullets. Yeah. Free shipping for many products! You know, it reminds me when I was younger. Its funny. So, theyre just frothing for guys like us that can bring them something that provides cash flow tax-free. But I also love really what youve done on the charitable side. Its 182 units. ' 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. And in addition to that, my partner Ross, he had some things happen in his family around cystic fibrosis. Ken was by no means an overnight success. I had a scholarship but didnt pay for everything. Tweets. So, at a certain point in your life, like theres this whole idea around scarcity of money and when you dont have any, its very scarce but its truly an abundant resource. He pursued and matriculated with a bachelors degree in Business Administration and Management General in 1990. 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. So, I didnt have a lot of mentors in investing or entrepreneurship or anything like that. The money like you have a good deal, trust me, money is the easiest thing to come by, even when you dont have it. Words of wisdom:Ken didnt come from a wealthy family, and it was only when he started finding success with real estate investing that he realized most deals are less mysterious than they seem from the outside. Ken is a Rich Dad Advisor to Robert Kiyosaki ("Rich . He called and said, Listen, Ive got only a year to live, and he got diagnosed with cancer. 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. Im like, Oh my gosh, I completely blew off Rob. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. So, the call right before this was with a lifestyle investor mastermind applicant. 4) The 3 Levels Of Research. 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. Investing Calculators Ken McElroy: Thanks. What is it? I had no idea he did seminars or anything and hes like, Yeah. Its kind of fun. But there's a LOT more to Ken McElroy than his association with Robert Kiyosaki. He was born in a state in the United States. You raise the first floor and theres a bunch of other things that we did but we ended up filling it up. I didnt even know he was going to talk to me. Im not getting paid. His name is Ken McElroy and he is the CEO of MC Companies, a real estate company that today holds over $1 billion in real estate investments. Well, each kid I brought up, we summited. Monthly Webinar This is a self-guided course with worksheets and real-life examples. Ken founded McElroy Management in 1998, and in 2001 merged his company with Ross McCallister, creating MC Companies. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Its always a primary issue in our firm, and as you would imagine, that attracts a different kind of employee. So, its quite a few charities because we have 250 employees. 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 so, what happened was, what does happen, as you know, is all of a sudden youre like, Okay. Weve been to Russia, Asia, Australia multiple times, all over Europe, all over the US, Canada, Mexico, Spain, you name it. When my dad passed 10 years ago, I got to learn all about hospice and all of that. Premium Videos & Mini-Courses Virtual Happy Hour with Ken And so, were involved in a community. I always felt very sorry for her. Although Trena rode with McElroy at the end, she was victimized by him at age 12. 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. Coupons are always real-time. It is like the same excuses, almost exact. 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. 2000 - Present23 years. I always tell people because when I first started, it took me a long time to get into real estate. 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. He is a man of average stature. Connect with the Guest: Website:https . Obituary daughter ken rex mcelroy. Lot Of 4 Rich Dad Advisors Real Estate Books - Ken McElroy Garrett Sutton VG. Commercial-Free YouTube Videos That is so cool. of Bluffton, SC passed away on 7/25/2020 . The book's compelling stories and lessons show why real estate is . Watermark-Free Sample Forms 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. 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, kudos to you for having such an impeccable reputation. [] Our investors are happy. Ken McElroy has an estimated net worth of $20 million. It was a small property that barely turned a profit, but it didnt matter. 2.22K. It was a senior and it still is a senior property. And I start with my rich uncle. But if I called you up right now and I said, Hey, we buy it for this. I teach this seminar and its in Cave Creek, Arizona. Im like, Okay. It was just a number of different people, Stephen Covey, and I mean just you name it, Napoleon Hill. Discounts on Upcoming Courses. Review:The Abc's of Real Estate Investing:Ken McElroy. And so, I wanted the money of the book, the profits, to go towards charitable organizations. This is working. (The two have very different views, but still good to know) Yeah, Ill come. You determine the property value, which becomes your offer. 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. I tell you what, my partner just laughs. Ken McElroy 2020-09-29 . 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. Like, how long have you had investors? Justin Donald: When I first started, it took me a long time to get into real estate. Building on the foundation of real estate investment 101, McElroy tells readers: . 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. 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. In fact, he spent 8 years managing properties before he would own any of his own. And then the broker started to take a look. 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 wish I would have mended a relationship. Like, I want to do this anyway, and its really neat that we get to share this with the world, you know? Its great to see you again. 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, 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. 28:05 - Advice for a 20-year-old self. And like a lot of people, thats how you started. Like, where would I hang out with them? The common theme was that I should get involved in philanthropies. Associated persons: Joseph J Knouse . We . So, I just go when I can around my family. 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. Is that right? 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). And so, I said, This is kind of cool. 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. It was not the phenomenon that it is today. Just always try to be an exchange of equal value. As my friend says, Way leads the way leads the way. Its just things connect as you get into motion. I was taught the same as everybody else. 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 Ken shares his knowledge as the Real Estate Advisor to Robert Kiyosaki of The Rich Dad Company, a Forbes Council Member, with contributions to . Im having fun. 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. 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. What you do need is a strong work ethic, solid relationships, and a willingness to put yourself out there! 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. Picking up where left off in the bestselling The ABC's of Real Estate Investing, McElroy reveals the next essential lessons and information that no serious investor can afford to miss. Obviously, its not perfect. (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. So, Im coming out with the new revised version next year but that book has been great, tried and true. Were you overpaying? He owns over 10,000 units in Manhattan. 14 Jun 2023. 3. Try NOW! Hes a general contractor. He was a real estate attorney, still my attorney, by the way, and an incredible friend. Day 9. What began as a way to simply cover his room and board ignited his entrepreneurial spirit. I think the things probably worth 50 now or something. And so much of what youre saying is just spot on, especially with like the deal terms. 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. We have five core values and one of them is be giving. And you know, its interesting, my parents werent able to afford my education either. Ken McElroy has generated over $750 million investment dollars in real estate. How did I not know about this? 3) Employment, Population, and Location. Ken McElroy: Tell the truth, be authentic, be transparent and it will work out. 4,377 Following. 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 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. 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. [] Please watch or listen to the full episode here. Ken McElroy. Its like 25 questions but it kicks right to your inbox. Justin Donald: Thats awesome. Day 1. Also, he offers advice on finance, budgeting, the entrepreneur mindset, and creating passive income. Premium Articles Ask Ken Questions 13145 Old Farm Dr, St Louis. There is a point in time before you knew him youve had success before you ever met Robert but you guys became great friends. How long have you used the same relationships and brokers and lenders and whoever it might be? It was all my savings and I used it and it was cash-flowing I want to say just north of 100 a month, thats if it was full. Key Takeaways with Ken McElroy. I had to learn that. Id love to hear more about that. You know, hes very bright, very smart, way smarter than me in a lot of ways. And I sat down with him and well, first of all, the first thing I did is Im like, Okay. 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. As per sources, he has assets of $750 million in real estate. I would ask him questions. 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. It was a small property that barely turned a profit, but it didnt matter. But what happened when I did find is that the deal drives the investor. I was like, well, the good thing when youre young is that you dont know any better, and I didnt know any better. Would love feedback from anyone who has taken his class, and especially to know if the content is helpful . Join Ken McElroy as he answers your questions, regarding real estate, entrepreneurship, and much more! Review:The Abc's of Real Estate Investing:Ken McElroy. Literally, those are at the top. Theyre donating their time, donating their resources, theyre starting them themselves, theyre sitting on the boards of them.. The murder of Ken Rex McElroy took place in plain view of dozens of residents of this small farm town, under the glare of the morning sun. 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 read it in one night. I dont know if its ever intentional but quite simply I didnt grow up with a lot and my parents were amazing but we couldnt afford college for me, for sure. View Full Itinerary. You know, now its kind of old news but this is like, this is going to happen. Danielle F Bednarski, Danielle Frances Knouse, Danielle Francis Mcelroy. And we didnt lay anybody off, of course, but some of our employees families had been severely impacted. TheABCs of Property Management: What You Need to Know to Maximize Your Money Now. And I love that youre so good about developing relationships with people that become long-term business relationships and then they become friendships. learning, playing and networking until we pack up and go home on Wednesday, June 14th, 2023. More Information. And this is the only place where Im guaranteed to answer your questions and look over your deals. Were a very giving company. Overcoming the limiting belief that you need money in order to make a deal happen. Ken McElroy: Yeah. So, welcome. And so, I had a wrestling scholarship, thankfully, and I got in that way. 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. And I was a volunteer. 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. In addition to all of that, Ken is the author of the best-selling booksThe ABCs of Real Estate Investing,The Advanced Guide to Real Estate Investing,The ABCs of Property Management, and most recently his book on entrepreneurship, The Sleeping Giant. Ill outwork: Thats the kind of wrestler I was too. And the industry is very, very interesting and its a lot more collaborative than people might think. Im the guy that gets the call and says, Hey, heres a property. The price for membership is $299.00 per Year. . How did you figure that out? Presumed owner of the real estate located at 13201 N 69th St, Scottsdale. 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. Media Personality Scottsdale, AZ kenmcelroy.com Joined May 2009. Its not for us. And then for about a year, they passed on everything. 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. Youre neighbors now. 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 you know, in the last five years, we hired a full-time director of philanthropy. I love that youre doing this with your kids and that this is a family value for you. Well, and by the way, I love hearing that story because I took a lot of pride early on in my career that I would outwork anyone. Real Estate Titans offers an insider's view into several of the most successful investors on the planet. 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. Ken McElroy: Yeah. 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? 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 . He shares his insights and experiences on his podcast, Real Estate Strategies with Ken McElroy, and on his wildly popular YouTube channel. Ive now written six books. "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 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. Ken McElroy on Building a Billion Dollar Real Estate Empire EP 61, In property management, I was creating all this value for other people. Get & Download PDF Who ABCs of Real Real Invest - Ken McElroy Free, Update the latest option with high-quality. You started knocking on doors, calling, and trying to figure out people that had money. Ken McElroy. I've been watching countless, super helpful videos on Youtube by Graham Stephan and more. He shares his expertise with millions of people around the world, appearing on Tony Robbins' Wealth Mastery. We do have something for your listeners. And then he asked me, hes like, Hey, do you want to come to one of my events? I swear this is true. I say this often in my podcast that the people that I meet and get to know better, its so fun. Since then, Ken has experienced great success in the real estate world from investment analysis and property management to acquisitions and property development.