Ken McElroy is the CEO of MC Companies, author and investor who offers a wealth of personal experiences, expert guests, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a entrepreneur, investor or just looking for real education within real estate and beyond, Ken offers no b.s. insights and resources for all levels. Be sure to download Ken's Infinite Returns Platform available on IOS and Android and gain proximity to like minded real estate investors on his exclusive real estate platform and forum.
About Ken: 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. 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.
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this whole time i thought Danille was Ken's daughter LOL.
Nobody listening to this
That's why there needs to be a consumption tax. No loopholes.
Real estate is overvalued… price to income is far out alignment. Correction is very long over due
Doesn’t the place and area of the property still determine the value? If so what states are the best to invest in if I’m a first timer for cash flow?
Guys the sound quality on this one is terrible :(
My ear buds are maxed out and can not clearly hear either of you 😢
!!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated
You need an expert. I'm guided by Adviser Bruce Murdock a widely known consuitant.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Bruce Murdock, for his expertise and exposure to different areas of the market.
My colleagues had a good laugh at me when I told them I started my journey with $50k capital and how I accumulated over 6 figures within a span of 7 months. They never believed me until I pulled out my P&L. I know that learning the ins and outs of the market isn't for everyone, that's why personally, Bruce Murdock oversees my investments.
Without a doubt! Bruce Murdock is a trader who goes above and beyond. he has an exceptional skill for analyzing market movements and spotting profitable opportunities. His strategies are meticulously crafted based on thorough research and years of practical experience.
nice! once you hit a big milestone, the next comes easier.. How can i reach him, if you don't mind me asking?
We have 2 condominiums that are very expensive to keep. Any good rental companies that you could recommend? Any ideas of how to make passive income? Thanks
hobos use the same philosophy 😂
so it is all about the interest rate
Everyone in the US should listen to this and really try to understand how the economy works. then they will stop voting for the stupid lies out there.
I believe that Brent is correct…. Enron created crisis after crisis in deregulated energy markets to pump profits……
We run multiple pawn shops businesses and can tell you people are maxed out, they are making payments on credit cards and loans are hitting all time highs at all the shops
Wife and I are 33 with about $800k in investments, excluding home equity and rainy day funds. I've always strived to stay on top of my finances, hoping that being disciplined in my 20s would allow me/us to have more breathing room in our 40s+ but it gets hectic, should we get a partner?
I do hope to help educate younger people on finances after I leave my corporate 9-5.
They can only push people to a certain limit.
Boomers are still fighting upzoning at every planning meeting. It's like a campfire story listening to them talk about renters.
Look at these two faking sitting in a plane
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $70K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague
Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?
Finding financial advisors like Amber Dawn Brummit who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Interest rate cut and geopolitical uncertainty intensified a seII off in Big Tech Mkt darling Nvidia(NVDA)lost 10%, while Amazon(AMZN)saw a drop of more than 2%. Apple(AAPL)decreased 1%. I'm curious, which st0cks could potentially become the next META in terms of growth. I've allocated $350k for lnvestment, looking for companies to make additions to boost performance
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
I work with Elisse Laparche Ewing as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Criminals
California losing major population.
I think they may solve some problems @Stainless Oompa Loompa
Ken, Star Path Academy made a good observation about people being maxed out. He is actually a Romanian who lived threw hyperinflation. You should give his channel a look. Very interesting perspective and insights to where we could be headed.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investtments, in my opinion, are complex.
Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for all the encouragement!.
Just sold in Washington to an unsolicited buyer that was jammed up in a 1031 exchange! I did not want to sell so I told the buyer to pay value plus 25% Cap gains. He paid it all!!! So happy to be out of Washington apartments after 21 years…
You will own nothing and be happy
Audio sounds subpar…even with those high-priced Shute mics. Strange…
People have lost sight of what a house is for, a place to sleep. With inflation (debasement), houses have become cash machines, free money like free stock profits. If I made million dollars in apple stock I can buy a free house for one million dollars. I have a friend that did that. People buying houses in Florida for cash are buying FREE HOUSES, from stock inflation (debasement). My father in law made more money in retirement than working as a teacher for thirty years (inflation, debasement). Labor loses with no assets to inflate.
Tiny house, electrical bicycles, rice and beans. That is what people are being forced into, living on less willingly. In 1964, one million dollars bought FIFTY (50) new houses. In 2022, one million dollars buys TWO (2) new houses. This is debasement. Being paid in IOUs, pretending to pay, using pretend fake money, is criminal. We decline. Civilization declines. Dishonest weights and measures causes nation decline. People are forced to reduce quality of life. This is all by design. The 1% never had it so good, inflated into being billionaires.
Everything is an F story right now. Taxes, Insurance, Inflation,
I'm moving out of the country this is just getting stupid now lol. I love America and our history dearly. But I'm 20 and the risk vs reward ratio just isn't there.
Doing the same, to Philippines in Sept.
Already gone! Good luck in the USA
chon buri
Inflation is DEBASEMENT, printing more IOUs worth NOTHING. Prices have doubled in four years due to covid AND the Democrats printing the currency into oblivion. What to do? Increase income. Cut expenses. Stop doing wasteful things. Get efficient. Get lean and mean.
Real estate has nothing to do with real estate. Real estate is a currency debasement play, debasing at 6% a year. Real estate is the only way people can play the currency market, get cash flow, and benefit from inflation, meaning currency debasement. The profits in stocks, bonds, real estate are nothing more than debasement, currency speculation, a massive IOU bubble. When will it end? No one knows. Speculation is very dangerous borrowing to take leverage. Leverage is the problem, not the price. Paid for house, who cares?
This is why our economy is a debt economy. People like this ruin the dollar.
Is everyone this dumb now a days? This “billionaire” says borrow a billion and you can make 55 million and no one noticed how ridiculous that idea is?! Do you think you will get that money for free or something? You will probably pay over 5.5% to borrow. Omg we’re doomed
Tiny home convention? Where?
I agree with your read on where the market is pointed and what to do about it. Frankly inflation across the board at the rate it's increased in the last several years isn't going to be a good thing. We may require a big crisis coming out of nowhere to shake things out, and that'll be tough for even the smartest people.
The prices of single family homes aren't going to go down??? They already are.
you can't print money out of thin air ....shits about to blow
One of the positives I see in this down cycle is Ive been able to dispute all my property taxes being too high. The county based the value of my properties at the peak market value when thats not the case anymore. For example, one of my properties they taxed me based on a value of 522k. I was able to bring it down to 450k LOL. Another property I had was valued at 465k and I got it down to 400k. I also noticed the tax assesor office that handles the disputes were extremely busy and understaffed so I dont think they fought back much because they had so many appointments for dispute. Or they really just want to pinch everyone and dont think we'd fight back LOL
This is not one of your better quality videos. Audio and visual are terrible. I couldn’t get through the entire video
I own 12 mobile home parks around in rural parishes with about 2000 tenants . I’m at 100% occupancy everywhere and they maintain their homes, many I lease purchased to them . I’ve never bought anything that didn’t cash flow at purchase. Life is good . I agree with your philosophies and some how have always had them come to me naturally 🎉
Dave Ramsey just said not to leverage the property. I own two houses with no leverage and the rental is about to be sold because renters are unreliable in this economy. I’m not mad at them because the job markets are horrible in the oil & gas world. I’m just going to write the back rent off as a gift and keep the deposit when they leave in 2 months.
Thanks for sharing.
I try to not purchase properties with HOA.
Being in Texas it’s not as bad as there is no state tax. The tax on our homes and investment homes are high. But it’s still a good state to invest in.
What about the insurance premiums which have increased more than other parts of the country? It also depends on taxes, some areas are significantly higher. Looking at moving from Midwest and the cost of living there almost seems higher. Have they done anything to help with property taxes?
The rate at which prices are increasing is not tolerable at all. Income hasn’t changed from past 3 years but goods are costing thrice. I feel obliterated. Also have a feeling that it’s a new type of crisis and the scam will be revealed after 3-4 years from now.