I mean, plain as day, I was like, Hey, Im out buying properties and Im looking for capital. Ken was by no means an overnight success. Condition: Very Good. 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. And so, the lessons of life theyre everywhere as you navigate things and you start to open your mind and see things for what they really are. Is that right? It wasnt a deep discount at all. 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. And if you guys know anybody that is interested, let me know. And so, I got a referral. And I was scared to death. And it took me a handful of years to figure out, No, this is holding me back. Further, his account has 16,287,514 views with 299K subscribers. With real estate's relatively predictable cash flow, I believe it's still a sensible way to invest for the long term. McElroy is a famous Real Estate Investor, Author, and Entrepreneur. Ive owned and built self-storages and office buildings and condo projects and single-family. You raise the first floor and theres a bunch of other things that we did but we ended up filling it up. 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. Fueled by that determination, Ken bought his first investment property not long afterwards. 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. These are timeless principles that anyone can use to pick out high-performing investments that produce passive cash flow streams reliably and immediately. Youve made a career of being able to have these long-term relationships. Youve got to come up with $2 million. He serves as the host of a weekly business podcast, Real Estate Strategies. Investor, Entrepreneur, Best-selling Author, Rich Dad Real Estate Advisor. Its, well, untraditional I think like everybody gets into real estate. McElroy is around 55 years oldalthough details regarding the date and year he was born remain unknown. 2,148 Followers, 954 Following, 524 Posts - See Instagram photos and videos from Danielle McElroy (@daniellemmcelroy) And you know, in the last five years, we hired a full-time director of philanthropy. And a lot of times their options are financial planners of the stock market. I had no idea. He is probably mulling over a deal right this second. Tweets. Realtor.com Real Estate App 502,000+ It was cool hearing all that he knew and hes actually from Redmond, Washington, or lives there right now, so just outside Seattle. 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. As of now, McElroy has managed over $1 billion worth of properties. And I know youve experienced that as well. Obituary daughter ken rex mcelroy. Its great to see you again. And so, we were walking through, we were just grabbing stuff and going into the green room, getting ready to speak, and Im sitting there looking at all the stuff, and I go to Robert. Try NOW! So, I wish I would have gotten that early of a start but you got to run it while youre in college. 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. He was a real estate attorney, still my attorney, by the way, and an incredible friend. And then shes like, Youre going to get swamped, because all I did was talk about what I was working on. My Inner Circle Membership provides a space for real estate investors to learn, make connections, and get expert advice. he has worked as a Real Estate Investor, Author, and Entrepreneur for over 20 years. Further, he is a sought-after speaker on real estate investing at events around the world. Like, that to me is something to pay attention to. 3pm - 6pm. Ken shares his knowledge as the Real Estate Advisor to Robert Kiyosaki of The Rich Dad Company, a Forbes Council Member, with contributions to . And now weve acquired a little over $3 billion in assets. And it took me a handful of years to figure out, No, this is holding me back. Its quite a few charities, because we have 250 employees. Ken McElroy, The charity thing has been really significant for us. Thats incredible. And so, all the profits of Lifestyle Investor have gone to an organization. 40.3K Followers. Now, this book is a few years old, so, you know, I'm sure some things have changed. Im not getting paid. If you can find a good deal, the money will always follow. He was born to hardworking parents and grew up in a state in the United States. And so, I had a wrestling scholarship, thankfully, and I got in that way. So, we gave out, gosh, we were giving out $5,000 and $10,000 grants to families during that out of our foundation to our own people. So thats what I did. Ken Rex McElroy was shot dead inside his pick-up truck on the 10th of July, 1981, via a storm of bullets. And so, we went all over the world together, and now Ive now written six books, I think. I can do this. The power of putting yourself out thereand how this mindset led Ken to working with Tony Robbins. Justin Donald: Thats right. Justin Donald: When I first started, it took me a long time to get into real estate. To date, he has acquired and sold in excess of $1 billion in commercial real estate. "I only work 90 minutes a week" Ken McElroy Ken McElroy has been successful in real estate investing, which has allowed him to build wealth and create 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. Would you clean it up and fix it up? And Im grateful. In addition, he co-hosts a weekly business podcast, Real Estate Strategies with Danille. More Information. 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? Justin Donald: Yeah. I mean, these are people that had a huge impact whether they know it or not. Ken McElroy. 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. So, thats how it started and then I started traveling with them because I wanted to learn how to speak better. Photos not available for this variation. . Find many great new & used options and get the best deals for Rich Dad's Advisors: The ABC's of Real Est- 0446691844, paperback, Ken McElroy at the best online prices at eBay! And so, for me, I was already headed down that track but then it just solidified all of it. Upon graduating with his high school diploma, McElroy enrolled at the Pacific Lutheran University School of Business in 1986. In addition, he is the author of The Sleeping Giant and The ABCs of Real Estate Investing. And that was a good differentiator because most people wont work that hard. So, Im coming out with the new revised version next year but that book has been great, tried and true. More Important Than Money: an Entrepreneurs Team. Well, thank you for sharing that and for your time. Its because in Arizona, things are easily $300 a door right now and in some cases $400 a unit. Its in Sun City, Arizona, and I bought it for $9 million and I didnt know how I was going to do it with $2 million down and $7 million in debt roughly. We have five core values and one of them is be giving. For over two decades, Ken McElroy has experienced great success in the real estate world through investment analysis, acquisitions, property management, and property development. 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. Reviews go a long way in helping us build awareness so that we can impact even more people. It was you. Resources + Links: Connect with Danille on Instagram | Check out the Ken McElroy show on Youtube | Text PODCAST to 480-605-4814 to get VIP updates from Kara! Why the most rewarding part about making money is giving it away. 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! The key is investing only where it makes sense and . Literally, those are at the top. And so, thats one of my philosophies. You know, its really funny because your reputation really precedes you on a few different levels. There is a point in time before you knew him youve had success before you ever met Robert but you guys became great friends. But really, my love is multifamily, which is what I primarily do right now. So, that kind of got us through that period of time. 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. And I told him that I had to get running because we had our interview and he goes, Oh yeah, I know him, and hes from the Seattle area. McElroys mother worked as a hairdresser and his father a contractor. And for what its worth, I loved your book. Yeah, Ill come. He started telling me some of your story about how youre doing property management in the early days and tied up with Robert. What you can expect to see are videos about real estate investing, entrepreneurship, and life lessons I have learned not only from my experiences but also the high caliber mentors and business minds that I am surrounded by. Like, was that a fair price? [] Please watch or listen to the full episode here. The Advanced Guide To Real Estate Investing . The job ignited his entrepreneurial spirit and his turning point came as he was picking up his check. 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. SHOW NOTES FOR EPISODE 665: BEST OF OLD DAWG'S REI NETWORK PODCAST - THE ABCS OF REAL ESTATE INVESTING WITH KEN MCELROY. That is what youll see. The seniors didnt want to walk up the stairs. Im like, Sure. And you look at the table and its like a bound book. Investing Calculators You know, its beautiful, right? He pursued and matriculated with a bachelors degree in Business Administration and Management General in 1990. In addition, the podcast contains 284 episodes as of April 19, 2023. Like, where would I hang out with them? The common theme was that I should get involved in philanthropies. 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. Youll learn why not having enough money is a limiting belief thats holding you back, why relationships are the key to success, and how to take advantage of lifes unexpected opportunities, so you can live the life of your dreams. Ken's an uber-successful entrepreneur, philanthropist, and real estate syndicator with over two decades of experience and nearly a billion dollars of deals on his resume. And so, were involved in a community. As my friend says, Way leads the way leads the way. Its just things connect as you get into motion. It was not the phenomenon that it is today. Id never been to anything like this. Overcoming the limiting belief that you need money in order to make a deal happen. So, on Sunday morning I woke up. So, we had very low turnover. Real estate investing and property management. Its got a $20 million value-add, we got to put this much in it, and Ive already got a debt quote. You would say, In. Now, there are a zillion things that I have to prove out but a lot of people dont realize that investors are sitting on a bunch of money typically in their bank account and/or theyre making a bunch of money and their companies are kicking off a bunch of money. Because when you take two people that have their own unique set of superpowers and you combine them thats where you get that one plus one equals five. Even though he didnt invest, the lesson from him was invaluable because youre asking all the wrong questions, youre doing all the wrong things, youre looking at all the wrong things and you have all the wrong assumptions, and you think you do but you dont. They had just sold their business and Rich Dad Poor Dad had just been released. 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. Hes like, That is the book that just keeps on giving. Its been wonderful. We have a great company culture. He was born in a state in the United States.McElroy is around 55 years old although details regarding the date and year he was born remain unknown.. Ken McElroy Height. Connect with the Guest: Website:https . Justin Donald: So, what was the first property that you bought? Its really an incredible thing that theyre doing and it gives me so much joy to see the impact that this focused energy and really just the book itself has been able to create. But moreover than that, there are so many people that dont even have basic human rights and human freedoms. I was taught the same as everybody else. 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. That was my first job. comprehensive coverage of real estate concepts as well as a detailed overview of the industry. I met with him the next day and, of course, I made that the topic like you would. I bought it over 20 years ago. They cant keep the same vendors, clients, whoever it is that they use. ' And youre like, I kind of wasnt prepared for it but it was my first speaking engagement. But then you went on to do a lot of speaking with him and then also with one of my other favorites, Tony Robbins. He shares his insights and experiences on his podcast, Real Estate Strategies with Ken McElroy, and on his wildly popular YouTube channel. And then he asked me, hes like, Hey, do you want to come to one of my events? I swear this is true. I believe that you had to have a bunch of money in the bank. It is one of our core values. TheABCs of Property Management: What You Need to Know to Maximize Your Money Now. Ken got his start during college, when he took a job managing an apartment complex . I mean, any time youre mentioning something with the word billions, you know that youre doing something right. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. Ill teach you how to organize your finances, find tenants, and discover tax-friendly ways to reinvest your profits. 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. Instead of a lifetime cumulative average value, we only show the most recent ratings from users in the past 30 days or the newest 10 . Ken McElroy and Tarl Yarber have teamed up to create a financial freedom expo with the sole purpose of helping to change lives in today's chaotic world so that others do not get left behind. 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. His name was Leonard Litwin. I dont know if its ever intentional but quite simply I didnt grow up with a lot and my parents were amazing but we couldnt afford college for me, for sure. So, its quite a few charities because we have 250 employees. Premium Newsletter And so, when people like Mr. Litwin or my uncle can come in and say, Hey, these are things that you should be looking at, then you slowly change your pitch, you slowly change your business plan.