McElroys net worth is $20 Million. And so, I remember that my mentors were authors. 7-13 Jun 2023. Investing Calculators They had just sold their business and Rich Dad Poor Dad had just been released. 22:37. comprehensive coverage of real estate concepts as well as a detailed overview of the industry. The Smallbiz Brain. Thanks so much. Premium Newsletter The whole thing was awesome. What he does: Ken McElroy currently owns approximately $1.5 billion in real estate assets, including office buildings, condos and single and multi-family homes. How did you figure that out? And so, we said, Okay. But I also love really what youve done on the charitable side. And in my EO chapter, there was a guy that knew Robert and I was raising capital. 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. Thats incredible. And so, sometimes its friends first and then I do business with them but other times its doing business with them and then we become friends, and its just such a rewarding relationship. 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. I had a scholarship but didnt pay for everything. Now, this book is a few years old, so, you know, I'm sure some things have changed. And I feel like thats exactly what you guys have had. I dont know the exact number that we give out every year now. Its kind of fun. Discounts on Upcoming Courses. Its because in Arizona, things are easily $300 a door right now and in some cases $400 a unit. . Dec. 15, 2010. They are: On April 13, 2015, McElroy launched his YouTube account. To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedomvisit JustinDonald.com/book. They promote the upcoming Limitless Expo, featuring over 40 speakers on topics related to the economy, money, gold, debt, and negotiation. 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. Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience in multifamily asset and property management, development. Youve got to come up with $2 million. Youve made a career of being able to have these long-term relationships. You jump to a $9 million purchase price. And then I really got immersed into it and my whole company got immersed into it. Media Personality Scottsdale, AZ kenmcelroy.com Joined May 2009. And I think that people could learn that lesson. And you know, in the last five years, we hired a full-time director of philanthropy. Its 182 units. These are timeless principles that anyone can use to pick out high-performing investments that produce passive cash flow streams reliably and immediately. Where can we find you? So, its quite a few charities because we have 250 employees. 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. Try NOW! 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. 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. The process behind transitioning into investing and landlording. And then so that started from a physical standpoint. 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. Through his profession, he has attained a decent fortune. It was Tom Wheelwright. Its kind of fun. Ken is passionate about educating others so that they too can experience financial freedom through real estate investing. In this episode, Ken talks about his unbelievable journey and his steps to go from property manager to property owner. Watermark-Free Sample Forms In his account, he shares his over two decades of experience as a real estate investor. TheABCs of Property Management: What You Need to Know to Maximize Your Money Now. When my dad passed 10 years ago, I got to learn all about hospice and all of that. It has links to get to the company, which is MC Companies. 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. Premium Newsletter 4,377 Following. 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. Its a true story about buying any unit building and how to do it. 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. Weve been to Russia, Asia, Australia multiple times, all over Europe, all over the US, Canada, Mexico, Spain, you name it. So, yeah, I didnt want to fail so I did it. Review:The Abc's of Real Estate Investing:Ken McElroy. But his determination to learn and ability to surround himself with the right people eventually paid off. Media. Real Estate Market 2023 - Robert Kiyosaki, @KenMcElroy. 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. He is the owner of MC Companies in Scottdale since 2000. And one day I was like Im on the wrong side of the desk here. I always felt very sorry for her. Its funny. And I know youre doing the same thing with your organization and I know you started a nonprofit and you have raised over a million dollars for your nonprofit or the nonprofits youve been part of over the last decade. Im having fun. 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. It was a small property that barely turned a profit, but it didnt matter. So, kudos to you for having such an impeccable reputation. The book's compelling stories and lessons show why real estate is . And so, what happened was, what does happen, as you know, is all of a sudden youre like, Okay. Justin Donald: We did. But what happened when I did find is that the deal drives the investor. So, the call right before this was with a lifestyle investor mastermind applicant. Premium Articles You fill it out. Overcoming the limiting belief that you need money in order to make a deal happen. 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. On Sunday morning I woke up. And so, then what we did was we ended up doing partnerships with our vendors. I was laughing the other day because I started as a paperboy when I was 14. I was taught the same as everybody else. So thats what I did. Get 59 Ken McElroy coupon codes and promo codes at CouponBirds. 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. I mean, in many senses, you guys travel almost everywhere together, which is so cool to see, and you both speak so highly of the other person. Ken McElroy is a famous Real Estate Investor, Author, and Entrepreneur. Free shipping for many products! 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. How long have you used the same relationships and brokers and lenders and whoever it might be? 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. And then as you would imagine and not by any kind of design, that attracts a different kind of employee. . Ken got his start during college, when he took a job managing an apartment complex. Im like, Sure. The Advanced Guide To Real Estate Investing . And then for about a year, they passed on everything. And so, thats when I started to be more intentional. 2) Identify the Demand and Supply. Join Ken McElroy as he answers your questions, regarding real estate, entrepreneurship, and much more! Ross [McCallister, Kens business partner] and I fund the majority, but then our vendors fund [some], and our employees get an opportunity to fund too. 228 talking about this. Ken McElroy: Its so true, Justin. I had no idea. 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? Its about understanding that determination and self-motivation are the real keys to thriving. View Full Itinerary. Ken oversees the company's asset portfolio and leads the day . We have five core values and one of them is be giving. I mean, these are people that had a huge impact whether they know it or not. Despite being a renowned Real Estate Investor and Author, McElroy has kept details regarding his marital status confidential. The money like you have a good deal, trust me, money is the easiest thing to come by, even when you dont have it. Thats awesome. You know, theyre like, Oh, this guy is like buying buildings now, and then the debt guys show up. Thanks. And thats just really just taken off. I think the things probably worth 50 now or something. And part of that trip is working in an orphanage for the blind in Africa. He has an estimated net worth of $20 Million attained from working as a renowned Real Estate Investor, Author, and Entrepreneur. Monthly Webinar I actually just need to go find the deals. I wanted to learn how to articulate from stage and I wanted to see the world. He . Justin Donald: Thats incredible. Summary. 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. And so, thats one of my philosophies. And like a lot of people, thats how you started. 4) The 3 Levels Of Research. Sorry. The key is investing only where it makes sense and . Since then, Ken has experienced great success in the real estate world from investment analysis and property management to acquisitions and property development. Real estate investing and property management. 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. The murder occurred in broad daylight, with as many as sixty eye-witnesses present . You determine the property value, which becomes your offer. I jumped in my car and I drove up. But moreover than that, there are so many people that dont even have basic human rights and human freedoms. Holy cow. Mc Companies is a longstanding real estate investment company based in Arizona. And one of the things that I learned from hospice was that there are as they measure them at the end of life are peoples top regrets. Find many great new & used options and get the best deals for RICH DAD'S ADVISORS: THE ABC'S OF REAL ESTATE INVESTING: By Ken Mcelroy *VG+* at the best online prices at eBay! Lot Of 4 Rich Dad Advisors Real Estate Books - Ken McElroy Garrett Sutton VG. Id never been to anything like this. And so, just scrapping it out, trying to be a little more educated than I was. 2,148 Followers, 954 Following, 524 Posts - See Instagram photos and videos from Danielle McElroy (@daniellemmcelroy) I mean, you hear the right deal and youre in. And I spoke with someone else earlier that also knew you. Obviously, its not perfect. Mc Companies is a longstanding real estate investment company based in Arizona. And you know, its interesting, my parents werent able to afford my education either. 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. His name was Leonard Litwin. We have a great company culture. Moreover, he bought his first investment property not long afterward. I was taught the same as everybody else. And I know youve experienced that as well. 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. Id love to hear more about that. And so much of what youre saying is just spot on, especially with like the deal terms. Would love feedback from anyone who has taken his class, and especially to know if the content is helpful . The turning point came when the property owner dropped by the office to pick up his check for the month. Justin Donald: Ken, that is incredible, and I love that you were able to use your foundation to support your own team and staff in a time of need and of crisis.
