If you want to see the lessons I've learned from meeting 27 billionaires, click here: kzread.info/dash/bejne/hIiokpZreJi7qaQ.htmlsi=vDoLpaSLpJ7d68IK

@48512

4 ай бұрын

Can you spare $200k

@nsdpodcast1690

3 ай бұрын

great content ken would love to do a podcast with you one day

@Mr_Stunna

3 ай бұрын

Please hire me in Texas

@dropoutandretireearly1781

Ай бұрын

What is your true realistic net worth Ken ?

Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

@gagnepaingilly

18 күн бұрын

Compounding effect is the best. it took me 8 years to grow my retirement fund from $0 to $100k, yet only 4 years from $100k to $200k.

@sommersalt88

18 күн бұрын

Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.

@AntagonisticAsian

18 күн бұрын

bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?

@sommersalt88

18 күн бұрын

Yes indeed.... *Jennifer Leigh Hickman* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

@AntagonisticAsian

18 күн бұрын

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

Man so glad I found this guy. I love how real he keeps it. Hope I can meet him one day and shake his hand. I'm inspired.

Being a property manager prior to owning real estates is the best position to be in in this housing game.

2:28- thank you for highlighting Ken. This is what a lot of people, myself included get caught up in, and mistake it for achievement. That loop of “busyness” is constant and it will never change unless you scale up and or invest your earnings 🙏🏾✌🏾

These are my favorite Ken videos - just where he is sitting across the table and dropping some of that knowledge

@trininy07

3 ай бұрын

Way better when it is just him

@felipecervantes7881

2 ай бұрын

Knowledge that worked 20-30 years ago. Truth is, if your a millennial and or GenZ, you wont have 1/4 of the opportunity this man had during the time when the economy was in full bloom. Nothing of what he says works now.

I met Ken in Arizona back in 2001 at one of Robert’s 3 Day events. Don’t let Ken fool you. He killed it on stage.

@priceandpride

4 ай бұрын

Don’t let Ken fool you. Period.

thanks! Love the format of the video, you talking directly to us about your experiences in RE!

Inspiring Ken ! Learning a lot from you ! Keep sharing your learnings ,secrets and success stories!

Appreciate you sharing your journey

Awesome advice and thank you for posting this. Great content ken

Very informative video, thank you for sharing your insights. Would love to have you on Masters of the Market.

This was tremendously insightful! Thank you for sharing Ken 🏆

Thanks Ken! As always very informative.

Thank you Ken! Great information!

Ken is an absolute mastermind. The only person I listen to about real estate.

If you find value in this content, please consider sharing this video with a friend. It would really help me out and enable us to educate as many people as possible.

@robertruschak7083

4 ай бұрын

Great content 👍🏿

I have been working for two real estate investors here in Oregon for the last 17 years. At the beginning of last year I purchased an 8 plex with a partner with an average rent of $830 a month. I remodeled all the units and moved in new tenants and current rents are now $1550. I was able to do this because of my experience managing other people’s assets.

@remodelassets6523

4 ай бұрын

Well done fellow Investor 💯🏠🏘️🏚️

@mikedickson1070

Ай бұрын

Honestly, doubling your rent on a value add deal is definitely not normal, it’s absolutely likely that market conditions propelled that rent growth far beyond what it would have normally been.

@andrewdussault2315

13 күн бұрын

thank you for removing affordable units from the market and renting those same units at nearly double the price. you have removed housing from a market made of people who really need it.

@walterperu68

13 күн бұрын

Go pick a fight with institutional investors and Jerome Powell, and not with a blue-collar worker that’s trying to feed his family.

@mikedickson1070

13 күн бұрын

@@walterperu68 you’re not a “blue collar” worker trying to feed his family. By your own admission you’re very happy about what you did and it’s entirely abnormal to double rent on a value add program like this.

I appreciate your wisdom. Thank you for sharing it.

Thank you for your direct and very kind presentation 🙏 I love the COIN analogy ! Three sides !! I’ll never forget it !

Great video, thanks for sharing your knowledge and experience.

I was so excited when i saw that you dropped this title! Let’s goooo!

Great Intel...thanks for sharing.

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last 4months of 2023

@Rita-vd2tx

3 ай бұрын

I don't comfortably throw recommendations around on the internet, thanks Amelia Jason . God, she's brilliant! I'm sure there are others who are good also that excel in the field

@Starkham

3 ай бұрын

Woah for real ? I'm so excited. Her strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started

@Rita-vd2tx

3 ай бұрын

she's mostly on Telegrams, using the user name.

@Rita-vd2tx

3 ай бұрын

@AmeliaJason11..’

@Rita-vd2tx

3 ай бұрын

When sending her a message do ensure she’s VERIFIED” cause a lot of imposters out there., .

"the government is not a good landlord"..."there's ego appreciation"...INCREDIBLE QUOTES!!! INCREDIBLE!!! You are one of the greatest minds in real estate. A true blessing to be able to receive this wisdom from you. Keep it coming Mr. McElroy!!!

@KenMcElroy

4 ай бұрын

Thank you.

@HOEA-WAKA

4 ай бұрын

Agree 👍🏽

Great vid, my favorite you have ever done

Been following you for a while. Thank you for your videos

Thank you so much for this ken

I love your videos. You are the best of the best. Thank you for what you do.

Great story and wise counsel. You did it and deserve all your wealth. Freedom is precious.

I really like your approach to management, thank you for your insight

Thanks Ken, you’ve inspired me that I can achieve my goals with hard work and dedication.

Mr Ken🙏 Thx for sharing!

I'm currently reading your book the ABCs of real estate investing. Can't wait to get my first property

Very interesting and knowledgeable video. Just sign up for your channel, hopefully will learn a lot from you.

Pure gold Ken, thanks a bunch.

Ken is right 👍 learning how to run real estate takes time but if you keep going you will understand it. And become very rich. It takes time that's why you have to start small to grow your confidence to do bigger deals. Jumping in is not always the best solution, doing it slow, and creating deal networks is more wise. Great video.

Great stuff Ken!

Thanks for your wisdom bro!

Great listen! Keep up the content, even if its simple stories like this Ken.

I’ve been doing commercial property management for about 15 years. It’s a grind. Nothing glamorous. Definitely not get rich quick.

I am going to really start looking into my first multi unit here soon mostly thanks to you.

Hey Ken when will your new books on CPA, investing and managing be available? You spoke about it on the video “Full Day of a $2 Billionaire”. Excellent video btw. Great humility and insight on your experience. People love stories and this is one.

Excellent video!!

Great talk!i love it, this realy helps me i must say…. Thanks man

Great video Ken!

"Sales solves everything "!! Awesome truth! You can grow a business on the expense side of a ledger, but you sure can growing revenue...then manage the expenses

Very inspiring Ken!

Wow the editing on this is amazing!

@astroboy483

4 ай бұрын

You’re the editor, I take it. But, yes, good editing.

Wow, thank you for sharing this with so much detail. 15 minutes of content and discussion that is more meaty than most books. I’m 39 and have grown net worth a lot since 23 when I started saving, and after 15 years in IT I started my own real estate business two years ago. What you said here is definitely my goal for the future!

Knowledge and action support growth.

Thank you so much!! What is your “buy box”?

i love the picture on the wall!

I believe you and read your book about How to buy your first Rental property. Then I bought my home in May 2021 to live, and then in June 2023, I bought my first rental property as per your guidance . Thank you for sharing your experience and knowledge

Good video. I still don't know how you did it. Mostly I heard you found the right people at the right time.

Ken is the real deal and we are fortunate to learn from him. Learning how to managed real estate assets before you ever invest or before you raise money is an oustanding plan. I started in property management too and have followed the same plan, albiet much less asset value than Ken.

Now release a video telling us how to turn 0$ into 110k$.

@jaygold4467

7 күн бұрын

Exactly. I wanna hear that story.

@natlovell122

6 күн бұрын

Get into sales, I got into medical sales a year and a half ago. I was making about $70k a year prior. This year I’ve made $90k in 5 months.

@christobar

4 күн бұрын

Hard work.

@jaygold4467

4 күн бұрын

@@christobar Hard work just gets you more hard work. The wealthy must pay their taxes.

This man know how speak so eloquently that I can spend hours listening to his stories

Thanks for sharing your story ... needless to say I wanted to learn more about _Leonard Litwin_ who I've never heard of (for obvious reasons). Interesting real state professional.

Great advice on learning and taking it slow. I wish I would have done this many times in my life.

Timeless advice. Experience is priceless... (almost)

Thanks!

"It's a busyness" - Ken Mc Elroy. Well said. I owned a logistics busyness. 😂

Great content. The only suggestion is to work on higher volumen on the audio. Thanks.

Ken's emphasis on the importance of operations and methodical growth is spot on. A key tactic for real estate entrepreneurs is to leverage predictive analytics for market trends, which can significantly enhance foresight and strategic positioning. Always stay informed on local economic indicators to make smarter investment choices.

Thanks for this video. I love your start out slow recommendation. I started in commercial real estate 2 years ago, bought about 20M worth and most have been amazing but a couple smaller properties have been challenging including having to fire our property management company for our 112 br apartments and my wife and I are now managing it. We have turned it around and added a million in value in less than a year (30k/month revenue to 44k) but it wasn’t without a lot of pain and stress. PM isn’t for the faint of heart!

This was excellent Ken. You are such a great teacher and I always wondered about your story. I'm on the edge of the diving board looking down into the water. I see the numbers 2008 floating around at the bottom. I won't lie I'm scared.

Thank you.

Hey Ken, great information! I dont want to be the one pointing out flaws but the audio sounds too quiet. I had to grab my headphones to not let my ambient noise cover your voice. Thank you.

This is solid gold.

Thank You.

kenny mac droppin' knowledge bombs.

Great video! I started making videos about my own journey. I wish I would have listened when you said fix rates! I thought the fixed rate I had would last long enough...lesson learned.

Excellent video. I'd love to get Ken as my mentor. As a doctor and a real estate owner, I would really love his mentoring.

Thank you for your wonderful insights. Awareness* (the ability to see) is the greatest gift available to all of us, it is completely free once we understand that we can reach its highest levels, simply by giving and helping in a sustainable way. I can't believe the power of the words you just said. It truly resonates with my own life. Thank you Sir.

Live from MASSACHUSETTS Great video

I’m 45 and finally at a point where my real estate works so hard that it feeds itself meaning snowball effect it makes money that I can save and find the next deal

this is great advice. keep it small keep it all and cash flow. I wish I could teach like you. Thanks for the content, I forward this stuff to people I mentor. Is it awesome.

Very Informative Ken.

At around 14:30 is probably the message that I will forever remember and share with others.

Hey Ken! You are providing great content for us to learn from the best in the business like you. I have a friend that wants to start in real estate in Canada with no cash upfront and not with a great credit. He is extremely motivated to learn and work hard. Is their possibilities to find money and deals or this dream is not realistic? Thank you.

Great video. No bs

How do you structure a deal like that with investors? How do you approach them?

Block and tackle 🙌🏾🏈! - Ken McElroy

This guy is the real deal. I love how real he is

@Bryanbobber

4 ай бұрын

4 real

Ken, so when is the perfect time to jump into real estate. So many opinions our there….with for interest rates to come down….Wait for housing prices to dump….Come up with more down payment to ensure cash flow. Some day you have “pull the trigger” but when is the best time?

Regarding being an operator first and an owner/investor later... damn right. Same in equities; it's been such an advantage to know how business operate first and how bad 'negative news' actually is... and then become an investor (in cheap, downtrodden stocks). Too many investors or city analysts, and they don't know how a business actually operates, only what the outputs look like (accounts, presentations).

Preach!!

Turn the volume up

Good afternoon Ken, love your show. I know you are busy, but can I ask what recent construction costs (per square foot or per unit) you have seen for small infill apartments in your market? 5-10 unit 2-3 story buildings. I know that is an extremely open-ended question, but if you have any cost numbers at all I would appreciate it. I am a commercial appraiser that is asked by banks to put an insurance value on existing buildings. So, if I appraise an apartment complex for market value, they would also like a replacement value on each building, not constructing all buildings at the same time. Sadly, there is minimal single buildings being constructed in my market. So, can I ask if you have done any new small apartment complexes, or heard recent construction prices? Thank you for your time, Josh Stroeb

Just listen to this 10 times in in 3 days !!

I learnt the real estate investing from u folks especially using debt as the asset. I am an architect developer. I am quietly doing what I am doing without bragging to anyone.

PREACH!!!!!

Thank you, thank you for sharing your journey. Question about the 1031 exchange - Is it true that it only delays the tax penalty? When you mentioned it at the 15 min mark, I started getting curious to understand the broader strategy in case there is additional wisdom beyond "never sell".

@storyandasong

3 ай бұрын

Some people hold until they get into lower tax bracket (retirement) or put into a trust to pass to offsprings upon death at a step up basis.

More of these solo, frank conversations please!

Ken is the man. I’d pay Ken to work for Ken

@JustMe-gx4xt

3 ай бұрын

I'm sure he would like to take your money. What's the hold up?

Good vid, although I do know creative types that program and design and reached scale simply by the usefulness of their design. So in my mind, sort of have to separate knowledge/engineering work from physical product work.

Im a stock dividend investor and real estate is similar to this. The only difference is that dividend investing is trully passive

Amazing wisdom Ken. I sent a few videos to my 16 year old son. He’s been selling candy and soda to his classmates in middle school. He just started buying soda machines and fixing them. Started an LLC and is trying to place them. I’m 54 with 8 sf rentals and retired. Going to cruise the Bahamas and Caribbean soon in my boat. My question to you is when are you planning on retiring. Just curious. 🍻

I'm 38 like you I own a triplex and prepping to purchase a quadplex house hacking I love it but as I look at the vets in our area and they seem to have too much and are stressed or just unattached with their assets is it better to have 4 solid multifamily properties then 40-50 mediocre/ decrepit ones.