Ken McElroy was born in United States on June 1, 1934.. On Popular Bio, Ken McElroy is one of the successful Criminal. Awesome, Justin. The Smallbiz Brain. Discounts on Upcoming Courses. Over the course of his life, McElroy was accused of dozens of felonies, including assault, child molestation, statutory rape, arson . 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? Ask Ken Questions And then the broker started to take a look. Ken was hooked. We believe that everyone deserves financial freedom. And you look at the table and its like a bound book. 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. I actually was pretty good at keeping it full and managing it. The whole thing was awesome. We have five core values and one of them is be giving. And it took me a handful of years to figure out, No, this is holding me back. Its a true story about buying any unit building and how to do it. And for what its worth, I loved your book. I was taught the same as everybody else. What was the market for that? A major factor in Ken's real estate success is his brand, MC Companies. And I spoke with someone else earlier that also knew you. And thats just really just taken off. So, thats how it started and then I started traveling with them because I wanted to learn how to speak better. This is a self-guided course with worksheets and real-life examples. They promote the upcoming Limitless Expo, featuring over 40 speakers on topics related to the economy, money, gold, debt, and negotiation. But what really happened, which was really interesting was we had quite a bit of money in the foundation and then the pandemic hit. 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. He is probably mulling over a deal right this second. in ZEBULON, GA on realtor.com, your source for top rated real estate professionals. And so, were involved in a community. 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. And I feel like thats exactly what you guys have had. And you just started knocking on doors, calling. The speakers also emphasized the importance of changing one's . And so, reading your book, I was like, Man, this is possible. Ken McElroy: Yeah. I put my family first and I would bring them on a lot of those trips. But we used an arms length. Add to Playlist. So, the two of us together, were still together and hes an incredible friend. I mean, you hear the right deal and youre in. Its awesome unless they have to which is rare. PDF Rich Dad Advisors Tax Free Wealth How To Build Massive Wealth By 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. Ive got to assume you didnt have this yourself. Its like 25 questions but it kicks right to your inbox. Advice for people interested in investing in real estate. I ended up kind of being in property management and I learned so much but what I learned is I was creating all this value for other people. 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. Were a very giving company. 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. The power of putting yourself out thereand how this mindset led Ken to working with Tony Robbins. And so, thats when I started to be more intentional. Just always try to be an exchange of equal value. Ken McElroy on the Art of Entrepreneurship. 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. 3. So, we give a lot. I'm enjoying Ken McElroy's content and see he has a RE Master Class for $450. You have to evaluate your relationships with your people and you just never know when that is. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. Take advantage of my community forum, where you can connect with people just like you. Table of Contents. Justin Donald: Oh, its so cool. Justin Donald: Yeah. 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. In his podcast, he shares his personal experiences and the strategies hes implemented throughout his career. He is the owner of MC Companies in Scottdale since 2000. SHOW NOTES FOR EPISODE 665: BEST OF OLD DAWG'S REI NETWORK PODCAST - THE ABCS OF REAL ESTATE INVESTING WITH KEN MCELROY. 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. Overcoming the limiting belief that you need money in order to make a deal happen. 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. They had just sold their business and Rich Dad Poor Dad had just been released. Its always a primary issue in our firm, and as you would imagine, that attracts a different kind of employee. 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. Im like, Sure. And, boy, did I have an education at that place. What you do need is a strong work ethic, solid relationships, and a willingness to put yourself out there! Here youll discover a place that reflects Kens passion for real estate and helping others, where investors from all walks of life can learn, grow, and thrive. That is so cool. Now, theyre all podcasts and things like that. And I was a volunteer. And in addition to that, my partner Ross, he had some things happen in his family around cystic fibrosis. I appreciate your time and being on your channel and I know were going to get you on mine. Ken McElroy 2020-09-29 Many Americans dream of financial freedom, but they're stuck in dead- . Danielle Mcelroy - Public Records What is it? I had no idea he did seminars or anything and hes like, Yeah. Ken Rex McElroy (June 1, 1934 - July 10, 1981) was an American criminal and convicted attempted murderer who resided in Skidmore, Missouri, United States.He was known as "the town bully", and his unsolved killing became the focus of international attention. Justin Donald: We did. Back then we didnt have the internet and trying to figure out people that had money. Day 1. And so, you did this with your attorney. comprehensive coverage of real estate concepts as well as a detailed overview of the industry. Trena McElroy, center, is led to a car with her stepson Ken McElroy Jr. . 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. And so, what happened was, what does happen, as you know, is all of a sudden youre like, Okay. Holy cow. The turning point came when the property owner dropped by the office to pick up his check for the month. Ken McElroy: I didnt overpay. And in my EO chapter, there was a guy that knew Robert and I was raising capital. Our investors are happy. And so, Im like, Well, okay. So, then I really got involved and I said, Okay. 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. 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 then my friend, he started California Closets and he was one of the founders at EO. Find real estate agency McLeRoy Realty Associates,Inc. We need these changes to our zoning code to support better development patterns that incentivize affordable and sustainable housing. 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. My Inner Circle Membership provides a space for real estate investors to learn, make connections, and get expert advice. Navy during the Korean War. 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. Lets try to scale it. And so, that happened and then I joined EO. The story of how Ken went from managing an apartment building as a broke college student, to acquiring over $3B in real estate. What a mindset shift. And then when I read Cashflow Quadrant, I was like just totally blown away. I didnt know anyone when I was young that was a business owner that invested as a profession. But if I called you up right now and I said, Hey, we buy it for this. He grew up in a family that was below middle class, even in some cases, and lower than that. Weve been to Russia, Asia, Australia multiple times, all over Europe, all over the US, Canada, Mexico, Spain, you name it. Further, he is a sought-after speaker on real estate investing at events around the world. Marriage, Money & Mayhem: Get started in Real Estate Investing with Lorem ipsum dolor sit amet, consectetur adipiscing elit. I know like, well, I climbed Kilimanjaro twice with my kids. Tweets. Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. Well, each kid I brought up, we summited. He owns over 10,000 units in Manhattan. More Important Than Money: an Entrepreneurs Team. He is the owner of MC Companies in Scottdale since 2000. (The two have very different views, but still good to know) 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. Like, I want to do this anyway, and its really neat that we get to share this with the world, you know? Associated persons: John N Mcelroy, Karen S Mcelroy . 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. Exhibit P - Public Comments April 14 Through April 20 So, theyre just frothing for guys like us that can bring them something that provides cash flow tax-free. Im the guy that gets the call and says, Hey, heres a property. The Advanced Guide To Real Estate Investing . 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. 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 The ABCs of Property Management: What You Need to Know to Maximize Your . 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. 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. And so, we said, Okay. Ken McElroy Real Estate, Bio, Wiki, Age, Height, Wife, Books, Podcast Ken has gone on to experience great success in the world of real estate. And we walk up to these two just gorgeous girls with this big, beautiful black and white photo and there are two models standing next to it. 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. McElroy stands at the height of 5 ft 7 in (Approx 1.74 m). But your story is incredible, and Id love to have you share some of it here with our audience. 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. 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. Mc Companies is a longstanding real estate investment company based in Arizona. Connect with the Guest: Website:https . Ken lives with his family in Scottsdale, Arizona. I think the things probably worth 50 now or something. 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. He attended college through an athletic opportunity. 298 Listens. Obviously, its not perfect. Reviews go a long way in helping us build awareness so that we can impact even more people. 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. You know, its really funny because your reputation really precedes you on a few different levels. Literally, those are at the top. They promote the upcoming Limitless Expo, featuring over 40 speakers on topics related to . Kendall Davis, MBA. on LinkedIn: #realestateguys #soss #limitless # You know, hes very bright, very smart, way smarter than me in a lot of ways. And so, we went all over the world together, and now Ive now written six books, I think. So, I got involved with just a simple walk, and I started doing almost like a March of Dimes walk and it was a small growing movement and it grew each year. The price for membership is $29.99 per Month. So, with Robert and I, as you know, I kind of skipped over the whole books and all that kind of stuff because its a significant piece but its really my kind of give-back education piece is writing all the books. I jumped in my car and I drove up. Ken McElroy: Yeah. Premium Videos & Mini-Courses Stop bullshitting yourself: Be authentic, be transparent, and it will work out. Ken McElroy. So, it was, Hey, figure out a way to go to college and to pay for it. Its one of our core values: We have five core values, and one of them is to be giving. I mean, just the level of success youve had is spectacular. Let us show you how to get there. And so, I remember I read Rich Dad Poor Dad and I was like, This is incredible. Ken got his start during college, when he took a job managing an apartment complex . In fact, theyre opening nine more locations and theyre just doing incredible work. If you can prove that you can make money, investors want to give it to you. Ken McElroy. 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. And if you guys know anybody that is interested, let me know. And so, I got a referral. Hes involved with development, construction and property management. The Chilling Murder of Skidmore Town Bully Remains a Mystery - Medium I mean, any time youre mentioning something with the word billions, you know that youre doing something right. 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. In This Episode, You Will Learn: How to start from the bottom and work your way to the top. 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. This channel is a place for . To get your questions answered and learn more about Ke. 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. The job ignited his entrepreneurial spirit and his turning point came as he was picking up his check. And then as you would imagine and not by any kind of design, that attracts a different kind of employee. The process behind transitioning into investing and landlording. Our turnover was almost nothing. Ill teach you how to organize your finances, find tenants, and discover tax-friendly ways to reinvest your profits. Youve made a career of being able to have these long-term relationships. So, yeah, I didnt want to fail so I did it. Ken McElroy - Popular Bio Commercial-Free YouTube Videos 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. And you know, in the last five years, we hired a full-time director of philanthropy. To get access to The Lifestyle Investor: The 10 Commandments of Cashflow Investing for Passive Income and Financial Freedomvisit JustinDonald.com/book. Been Researching Real Estate investing, but is it right for us? 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. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. Like, that to me is something to pay attention to. The key is investing only where it makes sense and . How long have you used the same relationships and brokers and lenders and whoever it might be? And then for about a year, they passed on everything. And a lot of times their options are financial planners of the stock market. And Ill tell you, really, you want some purpose. Yeah. You will learn how to get started investing, how to assemble an all-star team that will set you up of success, how to identify the right market and submarket, how to gather numbers and information to make sure deal cashflows, how to write an offer and get a deal under contract, what to focus on during due diligence, how to create a business plan, and how to manage your investment. In the 90s too. And so, when I actually got the courage and decided I was going to start owning properties, I didnt know what to do and I started finding mentors and coaches and things like that. I love that youre doing this with your kids and that this is a family value for you. And then I started doing a bit of those. He is also a contributor for The Real Book of Real Estate. Ken McElroy - Wikipedia You determine the property value, which becomes your offer. Justin Donald: So, what was the first property that you bought? 15170 N. Hayden Rd., Suite 1 Scottsdale, Arizona 85260. I NEVER Buy Real Estate Without Following This First Step 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. Thank you for sharing that with us and with our audience. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. So, when you are willing to do it and when you have the resume to back it up or the reputation to back it up, it is much easier to raise money. So, everybodys all in sport coats and Im in t-shirt and shorts. 13145 Old Farm Dr, St Louis. THANK YOU! That was my first job. 6 Jun 2023. Justin Donald: Well, Ken, Im so excited to have you on the show. Presumed owner of the real estate located at 13201 N 69th St, Scottsdale. 7-13 Jun 2023. 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. And if the deal is good enough, the money will show up. And thats the truth. Dec. 15, 2010. Ken got his start during college, when he took a job managing an apartment complex. I dont think I underpaid. 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. Would love feedback from anyone who has taken his class, and especially to know if the content is helpful . And then I really got immersed into it and my whole company got immersed into it. Ken McElroy: Tell the truth, be authentic, be transparent and it will work out. "Real Estate Strategies with Ken McElroy" is your weekly meet-up where real estate entrepreneur and CEO Ken McElroy shares his personal experiences and the strategies he's implemented throughout his career, from his first job as an apartment manager to today, having successfully scaled up to over $1 billion in real estate . Ill be there. So, I forgot. He is possibly married as he lives with his family in Scottsdale, Arizona. It is one of our core values. But how did you guys meet and how did you broker this relationship? 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 didnt know any better. Id love for my audience to learn more about 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. Together with his real estate investment company, MC Companies, Ken has transacted over $1 billion in real estate. He also was prominent in organizing the Pueblo Businessmen's association, and was regarded here as a real business leader. 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 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. We had a good time in Dallas, thats for sure. I met with him the next day and, of course, I made that the topic like you would. Well, as you know, I know you do this too, deliver on your promise and everything else works. I wish I would have mended a relationship. Essentials of Real Estate Finance can help students pass their exams, assist professionals advising clients, or help buyers understand what finance options are available. And it took me a handful of years to figure out, No, this is holding me back. behind Ken's fourth book, The Sleeping Giant, is to help inspire people to believe Ken McElroy: Thanks. Also, he offers advice on finance, budgeting, the entrepreneur mindset, and creating passive income. 4) The 3 Levels Of Research. The ABCs of Real Estate Investing by Ken McElroy - Complete Book Summary. Click to enjoy the latest deals and coupons of Ken McElroy and save up to 70% when making purchase at checkout. Photos not available for this variation. Sure. The ABC's of Real Estate Investing Quotes by Ken McElroy - Goodreads But thats kind of a wrestler I was too is I might have been the strongest and fastest, but there was nobody that was going to outwork me. Youve done that. 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. I was taught the same as everybody else. And what happens is people recognize as you put stuff out there, you put books out there, you put podcasts out there, and all of a sudden one day Tony called, and Robert and Tony have a history too, which I didnt know, a good history of studying together years ago. I understand this and I love spending time there and time as far as treasures, right? But in a dramatic act of . I can do this. Premium Articles Ken McElroy - Facebook Get & Download PDF Who ABCs of Real Real Invest - Ken McElroy Free, Update the latest option with high-quality. Stop bullsh*tting yourself. We . Ken McElroy has experienced massive success in the real estate world-from investment analysis and property management to acquisitions and property development. I go, Look at this brochure. Its in Sun City, Arizona, and I bought it for $9M. In addition, the podcast contains 284 episodes as of April 19, 2023. Join us for the Investor Summit on Sand! He was born to hardworking parents and grew up in a state in the United States. 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.
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