But then I actually had some duplexes, fourplexes, and things like that but then I jumped right up and bought a property that I was managing and I still own it. 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. RICH DAD'S ADVISORS: THE ABC'S OF REAL ESTATE INVESTING: By Ken Mcelroy He was on the Forbes list at the time in New York, and I called him up and I remember as plain as day I was walking through the Portland airport and I was on the phone with him and we cut a deal right then over the phone almost in a handshake and hes like, Ill send over the documents. And its a long story behind it but I had his trust as being the property manager for a while because it had a rough start, I fixed it, and he had one investment. 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.. Its a true story about buying any unit building and how to do it. And so, I am relationship first and business is actually pretty low on the category for me. And so, Im like, Well, okay. So, then I really got involved and I said, Okay. 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. You know, it reminds me when I was younger. We do videos and blogs and newsletters and all that kind of stuff to kind of support people that are trying to figure out things in the real estate community. What he does: Ken McElroy currently owns approximately $1.5 billion in real estate assets, including office buildings, condos and single and multi-family homes. I want to know where the people that are doing the thing that I want to do. Holy cow. . The steps Ken took to raise money and secure a $9M multifamily deal as one of his first investments. Justin Donald: Thats so great. And thats how I got on the other side and I started doing that in the late 90s and I never looked back. So, I brought them to a bunch of places as my kids were grown up and just kind of made it a family affair. But if I called you up right now and I said, Hey, we buy it for this. Discounts on Upcoming Courses. And you look at the table and its like a bound book. Its kind of fun. And then shes like, Youre going to get swamped, because all I did was talk about what I was working on. To learn more about the ins and outs of real estate investing, take a look at my book The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss. SHOW NOTES FOR EPISODE 665: BEST OF OLD DAWG'S REI NETWORK PODCAST - THE ABCS OF REAL ESTATE INVESTING WITH KEN MCELROY. Using Inflation to Erode Your Debt: Real Estate Investing with 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. And one of the things that I learned from hospice was that there are as they measure them at the end of life are peoples top regrets. Premium Articles Stop bullshitting yourself: Be authentic, be transparent, and it will work out. Ken McElroy. Its quite a few charities, because we have 250 employees. Ken McElroy, The charity thing has been really significant for us. I believe that you had to have a bunch of money in the bank. Robert Kiyosaki, the author of the renowned bestseller Rich Dad Poor Dad, refers to him as a Rich Dad advisor. Connect with the Guest: Website:https . Justin Donald: Oh, I love it. What is it? I had no idea he did seminars or anything and hes like, Yeah. I bring my kids and all that kind of stuff. Ken got his start during college, when he took a job managing an apartment complex . And the way that worked back then was that you got whatever you collected over a certain amount. Danielle Mcelroy - Public Records Since then, Ken has experienced great success in the real estate world from investment analysis and property management to acquisitions and property development. Im having fun. One of these women was 24-year-old. You fill it out. And I was scared to death. Ask Ken Questions The money like you have a good deal, trust me, money is the easiest thing to come by, even when you dont have it. KenMcElroy.com | LinkedIn Ken McElroy - MC Companies . Thanks so much. 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 called and said, Listen, Ive got only a year to live, and he got diagnosed with cancer. Were a very giving company. And so, reading your book, I was like, Man, this is possible. 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. The job ignited his entrepreneurial spirit and his turning point came as he was picking up his check. It was Robert. You started knocking on doors, calling, and trying to figure out people that had money. Ken McElroy. 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 on the Art of Entrepreneurship. And a lot of times their options are financial planners of the stock market. Its in a 55-age restricted community. 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. Media. Ive owned and built self-storages and office buildings and condo projects and single-family.