how old is ken mcelroy real estate

And I think its a big red flag when youve got someone that is an investor that is always kind of turning to new relationships. Sorry. He has an estimated net worth of $20 Million attained from working as a renowned Real Estate Investor, Author, and Entrepreneur. Sure. I love shining a light on Love Justice International because they are stopping human trafficking in 17 countries around the world. Im the guy that gets the call and says, Hey, heres a property. And like a lot of people, thats how you started. You jump to a $9 million purchase price. Ken McElroy: I didnt overpay. So, I just wanted to share that with you, and it was really neat when we got a chance to meet. 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. I wanted to learn how to articulate from stage and I wanted to see the world. 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 . And so, now I love it because Ive come full circle. And so, we found that by having that just by doing something that Ross and I wanted to do, our culture got better, stronger, deeper, and tighter, and we started attracting very, very, very good people because they wanted to be part of something bigger than just making money. He also was prominent in organizing the Pueblo Businessmen's association, and was regarded here as a real business leader. . But then the next one is a little bit easier and the next one became a little bit easier, and the deal started getting bigger. I read it in one night. Lets designate a bunch of money from our properties into these foundations and bring on this director, so which we did. 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. Its great to see you again. 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. In his podcast, he shares his personal experiences and the strategies hes implemented throughout his career. Ken McElroy: Yeah. Ken McElroy: It is. Its quite a few charities, because we have 250 employees. Ken McElroy, The charity thing has been really significant for us. And so much of what youre saying is just spot on, especially with like the deal terms. In addition, the podcast contains 284 episodes as of April 19, 2023. I didnt know how I was going to do it: $2M down and $7M in debt, roughly. And so, I said, This is kind of cool. Ken McElroy: Yeah. Ken McElroy is the co-partner of . Hes a general contractor. . And he was one of the richest. Ken McElroy. I didnt know any better. I always felt very sorry for her. Just always try to be an exchange of equal value. I mean, just go google it. And I love that youre so good about developing relationships with people that become long-term business relationships and then they become friendships. Its a true story about buying any unit building and how to do it. My Inner Circle Membership provides a space for real estate investors to learn, make connections, and get expert advice. You know, hes very bright, very smart, way smarter than me in a lot of ways. ' 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. Investor, Entrepreneur, Best-selling Author, Rich Dad Real Estate Advisor. I'm looking to buy small multifamily and notice that his specialty is large complexes, resorts, mobile home parks, and other large scale commercial properties. Ken McElroy: Yeah. Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience in multifamily asset and property management, development. Hes like, All right, just talk. So, this would have been almost 25 years ago, I guess. [], 2023 Justin Donald | Refund Policy | Privacy | Terms |. 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. He actually had an opportunity to buy the apartment complex as a college student and then manage it, which is just. He was a real estate attorney, still my attorney, by the way, and an incredible friend. Ken lives with his family in Scottsdale, Arizona. Youve got to come up with $2 million. Discounts on Upcoming Courses. The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. Holy cow. And I was a volunteer. Essentials of Real Estate Finance can help students pass their exams, assist professionals advising clients, or help buyers understand what finance options are available. So, I love it that you do that. SHOW NOTES FOR EPISODE 665: BEST OF OLD DAWG'S REI NETWORK PODCAST - THE ABCS OF REAL ESTATE INVESTING WITH KEN MCELROY. And so, the charity thing has been really significant for us. Ken McElroy on Building a Billion Dollar Real Estate Empire EP 61, In property management, I was creating all this value for other people. Ken has gone on to experience great success in the world of real estate. Despite being a renowned Real Estate Investor and Author, McElroy has kept details regarding his marital status confidential. 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. Ken McElroy: I appreciate it. So, welcome. Ken has transacted over $1 billion in real estate. And then for about a year, they passed on everything. I actually just need to go find the deals. Replies. (46 to 54 years old) - Now in or entering their prime earning years, this group will also face a tough time selling suburban homes, hampering the ability of these boomers to move. You know, theres all these people wanting all this information, and all of a sudden I had some more investors. And so, I had a wrestling scholarship, thankfully, and I got in that way. Our turnover was almost nothing. But when I did, I coveted it and it was a fair deal. Is that right? Commercial-Free YouTube Videos And Im glad in many respects that I didnt figure that out that I was a little too hard-headed because it would have been for the wrong reasons. 4 Likes. His career kicked off while in college as he took a job managing an apartment complex. Click to enjoy the latest deals and coupons of Ken McElroy and save up to 70% when making purchase at checkout. Ken got his start during college, when he took a job managing an apartment complex . The turning point came when the property owner dropped by the office to pick up his check for the month. Its kind of fun. I want to know where the people that are doing the thing that I want to do. But moreover than that, there are so many people that dont even have basic human rights and human freedoms. Connect with the Guest: Website:https . But then I jumped right up and bought a property that I was managing, and I still own it. Justin Donald: I love it. 6) Create Your Investment Checklist. Ken McElroy on the Art of Entrepreneurship. Premium Videos & Mini-Courses Premium Articles I can do this. Justin Donald: Thats incredible. 2000 - Present23 years. And then I really got immersed into it and my whole company got immersed into it. Justin Donald: Unbelievable. Id get up before school and deliver the Seattle Post Intelligencer at like 5 a.m. And I did that every day for a couple of years and I would knock on the door and try to collect the money, you know? And so, were involved in a community. So, I brought them to a bunch of places as my kids were grown up and just kind of made it a family affair. Thats right. You know, now its kind of old news but this is like, this is going to happen. Upon graduating with his high school diploma, McElroy enrolled at the Pacific Lutheran University School of Business in 1986. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); You dont have to come from money to build wealth. 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. And it took me a handful of years to figure out, No, this is holding me back. It was cool hearing all that he knew and hes actually from Redmond, Washington, or lives there right now, so just outside Seattle. 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. 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. He called and said, Listen, Ive got only a year to live, and he got diagnosed with cancer. 00:28:37 - Join Ken as he speaks with Kelly Johnson from his property management company on how he and his team were able to manage properties virtually throug How to manage a property during lockdown - Real Estate Strategies with Ken McElroy () | Listen Notes I would ask him questions. You know, it reminds me when I was younger. 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. But your story is incredible, and Id love to have you share some of it here with our audience. Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. She was born June 14, 1944. . I actually was pretty good at keeping it full and managing it. Ken has held many board positions with the Arizona Multi-Housing Association with the most recent as past Chairman of the Board. 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? Ken McElroy, author of "ABCs of Real Estate Investing" says, "The inflation rate was 9.1% in June, it's 7% now. Review:The Abc's of Real Estate Investing:Ken McElroy. Im like, Oh my God, I need to go up at least apologize. I walk in and theres like 400 people in the room and its a full seminar with all this stuff going on the walls and theres stages and he sees me come in and hes like, Kenny, come on up. He doesnt care that I wasnt there the first two days because they have, obviously, enough going on. Im not getting paid. And when you have the thing that others want who have money, it is really easy to raise it. Investing Calculators Its one of our core values: We have five core values, and one of them is to be giving. And so, we went all over the world together, and now Ive now written six books, I think. Justin Donald: We did. It was not the phenomenon that it is today. Get & Download PDF Who ABCs of Real Real Invest - Ken McElroy Free, Update the latest option with high-quality. 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. Ive owned and built self-storages and office buildings and condo projects and single-family. Ken McElroy has lived and breathed real estate for his entire adult life, learning from the ground up. You fill it out. For over two decades, Ken McElroy has experienced great success in the real estate world through investment analysis, acquisitions, property management, and property development. Day 1. I learned today that Trena McElroy, Ken McElroy's former wife, died on January 28, 2012. Its, well, untraditional I think like everybody gets into real estate. Ill teach you how to organize your finances, find tenants, and discover tax-friendly ways to reinvest your profits. So, I go up on stage. I go, Look at this brochure. Again, Justin, you just got to like put yourself out there and you just got to put things in motion and anybody listen, I grew up like you very humbly and thinking that this is where I was going to be for the rest of my life, and I just continue to work hard. And so, I poured myself into that and thats been a labor of love. In the 90s too. Real Estate Investor Author Entrepreneur Partner at MC Companies 1 Billion AUM C-Suite Radio Host. Well, as you know, I know you do this too, deliver on your promise and everything else works. 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. Vail, Thomas E. Thomas E. Vail - Huerfano World - December 9, 1993 - Thomas E. Vail died Thursday, Dec. 2,1 993 in his La Veta home. Deals get done almost on a napkin now. 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, weve sold off some of those and we do development, construction, property management, all in-house. 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. Coupons are always real-time. But Im still the first person in our extended family to actually graduate from college. He shares his expertise with millions of people around the world, appearing on Tony Robbins' Wealth Mastery. Now, this book is a few years old, so, you know, I'm sure some things have changed. 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. Im having fun. 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. So, it was, Hey, figure out a way to go to college and to pay for it. And so, we said, Okay. It was a small property that barely turned a profit, but it didnt matter. In addition, he is the author of The Sleeping Giant and The ABCs of Real Estate Investing. And he turned me onto his buddies and, as you know, the power of the math like once they saw the deal and they start to see the return and they were excited about the senior market because even in the 90s, they were talking about the aging baby boomers. So, I didnt have a lot of mentors in investing or entrepreneurship or anything like that. And well catch you next week. Ken got his start during college, when he took a job managing an apartment complex. He co-hosts the podcast with Danille and delves into a wide range of topics related to real estate. I had a scholarship but didnt pay for everything. I wish I would have mended a relationship. The money like you have a good deal, trust me, money is the easiest thing to come by, even when you dont have it. Obviously, its not perfect. Words of wisdom:Ken didnt come from a wealthy family, and it was only when he started finding success with real estate investing that he realized most deals are less mysterious than they seem from the outside. And when you have the thing that others want who have money, it is really easy to raise it. And one day I was like Im on the wrong side of the desk here. Ken McElroy is a famous Real Estate Investor, Author, and Entrepreneur. What began as a way to simply cover his room and board ignited his entrepreneurial spirit. The Advanced Guide To Real Estate Investing . Justin Donald: When I first started, it took me a long time to get into real estate. And then shes like, Youre going to get swamped, because all I did was talk about what I was working on. . In fact, that is one of our core values is to be giving. 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. I had no idea. How long have you used the same relationships and brokers and lenders and whoever it might be? I jumped in my car and I drove up. McElroy stands at the height of 5 ft 7 in (Approx 1.74 m). The whole thing was awesome. Now, theyre all podcasts and things like that. 228 talking about this. And so, I had flip-flops on, shorts, and a t-shirt. 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 brought them to a bunch of those places, as my kids were growing up, and made it a family affair. To date, he has acquired and sold in excess of $1 billion in commercial real estate. learning, playing and networking until we pack up and go home on Wednesday, June 14th, 2023. We have at KenMcElroy.com/LifestyleInvestor we actually have a test that says, What kind of investor are you? So, you can maybe try that. Ive now written six books. 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. Premium Newsletter There is a point in time before you knew him youve had success before you ever met Robert but you guys became great friends. So, whats the story there? Try NOW! We believe that everyone deserves financial freedom. It is clear and concise as can be, and really easy to read because the font size is a . And if the deal is good enough, the money will show up. And thats the truth. Summary. 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. Real estate investing and property management. They've raised interest rates six times and it's only gone down two percent." The good news, as Ken explains, is you can make money no matter what happens in the economy. Justin Donald: Now, Ken, youre used to just like doing some property management, youve got a single-family home, maybe youve picked up one or two more at this time but like this is a big move to move from property management on other peoples stuff. And so, what happened was, what does happen, as you know, is all of a sudden youre like, Okay. Ken founded McElroy Management in 1998, and in 2001 merged his company with Ross McCallister, creating MC Companies. 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. It is one of our core values. Ken shares his knowledge as the Real Estate Advisor to Robert Kiyosaki of The Rich Dad Company, a Forbes Council Member, with contributions to . So thats what I did. A dedicated educator and a heck of a nice guy, Kenny is a Summit favorite, and we're . Building on the foundation of real estate investment 101, McElroy tells readers: . Ken McElroy has an estimated net worth of $20 million. I mean, these are people that had a huge impact whether they know it or not. And so, then what we did was we ended up doing partnerships with our vendors. Its in a 55-age restricted community. And then he asked me, hes like, Hey, do you want to come to one of my events? I swear this is true. So, kudos to you for having such an impeccable reputation. 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. You have to evaluate your relationships with your people and you just never know when that is. Fueled by that determination, Ken bought his first investment property not long afterwards. But what really happened, which was really interesting was we had quite a bit of money in the foundation and then the pandemic hit. So, we had very low turnover. Its kind of fun. 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. For over two decades, Ken McElroy has experienced great success in the real estate world through investment analysis, acquisitions, property management, and property development. Life on tour isn't much of a theme in and of itself . So, I wish I would have gotten that early of a start but you got to run it while youre in college. 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 . 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. Back then we didnt have the internet and trying to figure out people that had money. I believe that you had to have a bunch of money in the bank. Robert had me on stage. Get 59 Ken McElroy coupon codes and promo codes at CouponBirds. I dont think I underpaid. Lot Of 4 Rich Dad Advisors Real Estate Books - Ken McElroy Garrett Sutton VG. One of these women was 24-year-old. I just go when I can, around my family: I put my family first. I was taught the same as everybody else. And I sat down with him and well, first of all, the first thing I did is Im like, Okay. Im like trying to educate and Im actually trying to figure that all out, too, but at the same token, in the beginning, I was trying to hold my own speaking and try to figure that out and deliver good messaging and all that kind of stuff. Justin Donald: Yeah, thats incredible. The seniors didnt want to walk up the stairs. About us. McElroy is around 55 years oldalthough details regarding the date and year he was born remain unknown. More Information. 2.22K. 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. And so, its been a heck of a fun journey, honestly, just speaking with all of these different folks over the years. Ken McElroy: Yeah. It doesnt take much like you can make a commitment in seconds. Also known as: Danielle M Cantwell, Danielle M Mcelny, Danielle Cantwell . McElroy is a famous Real Estate Investor, Author, and Entrepreneur. How did I not know about this? Thats awesome. To get your questions answered and learn more about Ke. And it is for us too, I think, theres a lot that we are very similar on, and I think thats probably why we resonated so well when we finally connected. They cant keep the same vendors, clients, whoever it is that they use. And it was fun to write. 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. Let me show you how to make the most out of your opportunities. But really, my love is multifamily, which is what I primarily do right now. I didnt know what I was doing but, thankfully, property management was kind of my ticket for my next eight years. I need to start making moves towards it versus not just laying in this limiting belief space where I think I have to have the money. In addition, he is the author of The Sleeping Giant and The ABCs of Real Estate Investing. Ken got his start during college, when he took a job managing an apartment complex. The key is investing only where it makes sense and . I was laughing the other day because I started as a paperboy when I was 14. 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. Like, was that a fair price? But weve been to Russia, Asia, Australia multiple times, Europe, all over Europe, all over the US, Canada, Mexico, Spain, you name it, Bolivia. You know, its really funny because your reputation really precedes you on a few different levels. You know, we used to be called YEO at the time, which is Entrepreneurs Organization. It was Tom Wheelwright. Hes like, That is the book that just keeps on giving. Its been wonderful. Its funny. Watermark-Free Sample Forms Premium Newsletter File your taxes using a step-by-step process - Build your real estate portfolio The ABCs of Getting Out of Debt - Garrett Sutton 2013-02-28 In difficult times, debt can be a matter of life and death, happiness . And a lot of times their options are financial planners of the stock market.

Why Did Luke Barton Leave The Asher House, How To Turn Off Incoming Call Voice Announcement, Articles H