#24: Ken McElroy The Clever Investor Show Podcast

Joining us on The Clever Investor Show today is Ken McElroy.

Ken McElroy’s passion for real estate began during college when he managed an apartment complex to cover his expenses. He was inspired to become a property owner himself and purchased his first investment property soon after. Today, Ken has experienced great success in real estate through his company, MC Companies, having transacted over $1 billion in real estate. He is committed to helping others achieve financial freedom through real estate and shares his expertise through his popular YouTube channel and speaking engagements worldwide.

Ken is the author of several best-selling books, including The ABCs of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABCs of Property Management, and The Sleeping Giant. He is also a chapter contributor in the newly released Rich Dad book, More Important Than Money: an Entrepreneur’s Team, as the Real Estate Advisor to Robert Kiyosaki of The Rich Dad Company. Ken resides in Scottsdale, Arizona with his family.

On the latest episode of the Clever Investor Show, Cody and Ken discuss Ken’s journey in real estate, from his blue-collar upbringing to his success as the owner of a $3 billion asset portfolio. Ken emphasizes the importance of gaining a deep understanding of the industry language and lessons learned from his property management experience. They also discuss topics such as making money with multifamily investments and living tax-free. The current state of the real estate market and potential risks and opportunities for investors are also touched upon, as well as the importance of relationships and marketing in acquiring properties.

Ken also shares advice on running an investment firm, scaling a company, and maintaining a strong company culture. Lastly, they touch on the interconnectedness of health, wealth, and joy, being a role model for others, and the value of mentorship and attending live events. The episode offers valuable advice for those interested in real estate investment.

If you’re interested in real estate investing or want to learn more about Ken’s experience, this episode is a must-listen.

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HIGHLIGHTS:

Ken’s journey in the real estate industry, including his mentorship under Robert Kiyosaki and building a successful portfolio of over $3 billion in assets. The importance of property management for gaining a deeper understanding of the industry’s language and what to look for in multifamily investments.

Ken’s personal experience of a project that ended up being seven and a half million dollars off-budget and the options they had to finance it.

The current state of the real estate market and potential risks and opportunities for investors, including the difficulty of finding good deals and the impact of commercial debt.

Ken’s approach to running his investment firm and managing his team efficiently, including the importance of setting quarterly goals and committing to them.

The importance of owning assets like real estate to build financial security and the interconnectedness of health, wealth, and joy.

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SOCIAL MEDIA:

Website URL: 👉 KenMcElroy.com

LIMITLESS 👉 https://limitlessexpo.com/

Social Media URL:

Ken McElroy IG 👉 https://www.instagram.com/kenmcelroyofficial/

Ken McElroy LinkedIn 👉 https://www.linkedin.com/in/kenmcelroyofficial/

Ken McElroy Twitter 👉 https://twitter.com/kenmcelroy

Ken McElroy FB 👉 https://www.facebook.com/kenmcelroyofficial

Ken McElroy YouTube Channel 👉 https://www.youtube.com/@KenMcElroy

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TIME STAMPS:

00:00 – Prelude 00:15 – Introduction to Ken McElroy

01:24 – Ken Mcelroy’s background

04:32 – How does Ken live tax-free?

06:46 – How he became an entrepreneur

09:21 – How did you get into property management?

13:33 – Starting with property management and raising capital

17:18 – How to choose a property to buy?

20:47 – What we do is, the business plan