It just didnt matter. I always tell people because when I first started, it took me a long time to get into real estate. And a lot of times their options are financial planners of the stock market. People do not move when theyre seniors. Discounts on Upcoming Courses. behind Ken's fourth book, The Sleeping Giant, is to help inspire people to believe The Old 97's. When: 7 p.m. Tuesday. Youve made a career of being able to have these long-term relationships. Interview with Regan Archibald Unlock the Secrets to Optimal Health & Longevity with Interview with Rob Follows Making Extraordinary Exits Possible with Rob Follows Have you Interview with Gabriel Hamel Using Seller Financing to Build a Real Estate Empire Want A Simple, Proven System For Multiplying Your Wealth AND Replacing Your Job? I mean, these are people that had a huge impact whether they know it or not. And so, just scrapping it out, trying to be a little more educated than I was. And you know, its interesting, my parents werent able to afford my education either. Ken was by no means an overnight success. Is that right? According to real estate guru Ken McElroy, So, for example, lets just use Robert. The turning point came when the property owner dropped by the office to pick up his check for the month. Ken McElroy: Yeah. Ken has gone on to experience great success in the world of real estate. They cant keep the same vendors, clients, whoever it is that they use. Connect with the Guest: Website:https . So, we give a lot. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. We do have something for your listeners. Its not for us. And they owned a little 12-unit and some other stuff, and literally, they were on this kind of high with Rich Dad Poor Dad. His name was Leonard Litwin. And I remember my son, my older son, coming over here in about an hour, I said, So, what was your takeaway from the whole week of that week and the climb in the mountain, which took another two weeks? He said, I cant believe how happy these people are and how little they had. And I was like, All right, good for you. Because when youre around that stuff and you immerse yourself in that stuff, you start to realize how lucky, how grateful actually we really are. So, everybodys all in sport coats and Im in t-shirt and shorts. He shares his insights and experiences on his podcast, Real Estate Strategies with Ken McElroy, and on his wildly popular YouTube channel. And so, Im like, Well, okay. So, then I really got involved and I said, Okay. Its about understanding that determination and self-motivation are the real keys to thriving. of Bluffton, SC passed away on 7/25/2020 . You did this with Robert. 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. 40.3K Followers. Robert Kiyosaki, the author of the renowned bestseller Rich Dad Poor Dad, refers to him as a Rich Dad advisor. Just always try to be an exchange of equal value. So, I love it that you do that. But if I called you up right now and I said, Hey, we buy it for this. I met with him the next day and, of course, I made that the topic like you would. 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. Ken McElroy has experienced massive success in the real estate world-from investment analysis and property management to acquisitions and property development. Its 182 units. Now, theyre all podcasts and things like that. Ken McElroy: Yeah. I jumped in my car and I drove up. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. So, weve sold off some of those and we do development, construction, property management, all in-house. The whole thing was awesome. Review:The Abc's of Real Estate Investing:Ken McElroy. And the industry is very, very interesting and its a lot more collaborative than people might think. 2.22K. I mean, any time youre mentioning something with the word billions, you know that youre doing something right. 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. Day 2-8. In this episode, Ken talks about his unbelievable journey and his steps to go from property manager to property owner. Ill teach you how to organize your finances, find tenants, and discover tax-friendly ways to reinvest your profits. We need these changes to our zoning code to support better development patterns that incentivize affordable and sustainable housing. McElroys net worth is $20 Million. The process behind transitioning into investing and landlording. 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. To date, he has acquired and sold in excess of $1 billion in commercial real estate. Watermark-Free Sample Forms Youve done that. So, I just wanted to share that with you, and it was really neat when we got a chance to meet. 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. As per sources, he has assets of $750 million in real estate. 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. You can also help by providing an honest rating & review over on Apple Podcasts. 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. Justin Donald: We did. 2) Identify the Demand and Supply. Obviously, its not perfect. Its like 25 questions but it kicks right to your inbox. 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. Id never been to anything like this. I brought them to a bunch of those places, as my kids were growing up, and made it a family affair. He co-hosts the podcast with Danille and delves into a wide range of topics related to real estate. And so, I wanted the money of the book, the profits, to go towards charitable organizations. She was born June 14, 1944. . What type of investor are you? And then so that started from a physical standpoint. Investor, Entrepreneur, Best-selling Author, Rich Dad Real Estate Advisor. And this is the only place where Im guaranteed to answer your questions and look over your deals. Real Estate Titans offers an insider's view into several of the most successful investors on the planet. 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. Tony Robbins. First time Ive been on stage and hes like, Tell them what you do, and he walked off. You know, hes very bright, very smart, way smarter than me in a lot of ways. 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. This channel is a place for . The price for membership is $29.99 per Month. Its always a primary issue in our firm. Ill outwork: Thats the kind of wrestler I was too. They rescued over 500 kids last month. 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. Why the most rewarding part about making money is giving it away. 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. 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. Click to enjoy the latest deals and coupons of Ken McElroy and save up to 70% when making purchase at checkout. Ken was hooked. Upon graduating with his high school diploma, McElroy enrolled at the Pacific Lutheran University School of Business in 1986. Try NOW! And so, thats one of my philosophies. @kenmcelroy. 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. Were a very giving company. TheABCs of Property Management: What You Need to Know to Maximize Your Money Now. You can browse from a library of mini-courses, articles bonus podcast questions, and property management sample forms. Justin Donald: Yeah. Overcoming the limiting belief that you need money in order to make a deal happen. He was a real estate attorney, still my attorney, by the way, and an incredible friend. 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. He is a man of average stature. Ken McElroy: Thank you. I dont think I underpaid. Also, he offers advice on finance, budgeting, the entrepreneur mindset, and creating passive income. He also was prominent in organizing the Pueblo Businessmen's association, and was regarded here as a real business leader. And one of my professors at the school did what you did to a certain degree where he was property manager. Ken McElroy: Thanks. In addition, the podcast contains 284 episodes as of April 19, 2023. And so, what happened was, what does happen, as you know, is all of a sudden youre like, Okay. Premium Videos & Mini-Courses 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? Now, this book is a few years old, so, you know, I'm sure some things have changed. Although Trena rode with McElroy at the end, she was victimized by him at age 12. Ive read every book but it was the first book I ever read on real estate. It was cool hearing all that he knew and hes actually from Redmond, Washington, or lives there right now, so just outside Seattle. 30:34 - Wrap up. The story of how Ken went from managing an apartment building as a broke college student, to acquiring over $3B in real estate. 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. Premium Newsletter SKIDMORE, Mo. Let me show you how to make the most out of your opportunities. Ask Ken Questions And so, like you have your book, right? He is the owner of MC Companies in Scottdale since 2000. And I know youve experienced that as well. . Its because in Arizona, things are easily $300 a door right now and in some cases $400 a unit. Navy during the Korean War. It is one of our core values. Well, each kid I brought up, we summited. And that was a good differentiator because most people wont work that hard. Ken McElroy 2020-09-29 Many Americans dream of financial freedom, but they're stuck in dead- . 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. Join Ken McElroy as he answers your questions, regarding real estate, entrepreneurship, and much more! Yeah, Ill come. 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. Like, how long have you had investors? 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. Justin Donald: I love it. I went to learn how to scale a company, then you have to learn how to keep the people and keep them happy and all that. 3. Take the Quiz to find out! Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. I dont know the exact number that we give out every year now. Hes like, All right, just talk. Lets try to scale it. And so, that happened and then I joined EO. I bought it over 20 years ago. And then he asked me, hes like, Hey, do you want to come to one of my events? I swear this is true. It was a small property that barely turned a profit, but it didnt matter. 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. I bring my kids and all that kind of stuff. 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. 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. Ken Rex McElroy (June 1, 1934 - July 10, 1981) was a resident of Skidmore, Nodaway County, Missouri. We have a great company culture. Ill be there. So, I forgot. And so, I am relationship first and business is actually pretty low on the category for me. Its not for us. Justin Donald: Thats incredible. If youre looking for step-by-step instructions on how to find, buy, manage, and get the most out of a property, my Closing Your First Deal course is here to help. Ive got to assume you didnt have this yourself. 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 start with my rich uncle. Thats incredible. The book's compelling stories and lessons show why real estate is . [], 2023 Justin Donald | Refund Policy | Privacy | Terms |. Ken McElroy, The ABCs of Real Estate . This is working. It was just a number of different people, Stephen Covey, and I mean just you name it, Napoleon Hill. And so, I had flip-flops on, shorts, and a t-shirt. Honestly, it was an incredible experience. Come join us for one of our best podcasts ever with Ken McElroy, the author of The ABCs of Real Estate Investing, The Advanced Guide to Real Estate Investing and The ABCs of Property Management.. I mean, just the level of success youve had is spectacular.