How I Turned $116K Into $3 Billion

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Ken McElroy shares his journey from modest beginnings in property management to owning a multi-billion dollar portfolio. He offers insights into the importance of understanding operations, the power of foresight in property investment, and the necessity of slow, methodical growth. He highlights the crucial role of raising capital, learning from mistakes, and the significance of building a scalable business model for long-term success.
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: mccompanies.com/
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DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’
Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.
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#kenmcelroy #realestate #realestateinvesting #RealEstate #Investment #PropertyManagement #CapitalRaising #BusinessGrowth #OperationsManagement #CompetitiveAdvantage #ValueCreation #Pandemic #RU-vidChannel #Influencers #PassiveIncome #TaxAdvantages #RobertKiyosaki #Ego #LongTermStrategy #FinancialFreedom #Scalability #BillionaireInsights #MarketAnalysis

Опубликовано:

20 янв 2024

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Комментарии : 301

@KenMcElroy 5 месяцев назад

If you want to see the lessons I've learned from meeting 27 billionaires, click here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-RTt042H5UyA.htmlsi=vDoLpaSLpJ7d68IK

@48512 5 месяцев назад

Can you spare $200k

@nsdpodcast1690 4 месяца назад

great content ken would love to do a podcast with you one day

@Mr_Stunna 4 месяца назад

Please hire me in Texas

@dropoutandretireearly1781 2 месяца назад

What is your true realistic net worth Ken ?

@elina6519 7 дней назад

Being in real estate is like fixing alot of problems and making it to bea the best so that you business can be more successful.

@johnsonmerry5956 7 дней назад

Yeah is a wise man, to become an real investor one have to get a mentor and adviser too.

@idownadesanya-bw9px 7 дней назад

This is a business that need money to get started without money you can get into real estate.

@michaelking4490 7 дней назад

@@idownadesanya-bw9pxthat's true without money some can't go into real estate, someone have to make money first before going into it

@blinkenjoshua-xr9ub 7 дней назад

@@michaelking4490You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.

@jesdelighted7458 7 дней назад

yeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.

@Curbalnk Месяц назад

Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

@gagnepaingilly Месяц назад

Compounding effect is the best. it took me 8 years to grow my retirement fund from $0 to $100k, yet only 4 years from $100k to $200k.

@sommersalt88 Месяц назад

Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.

@AntagonisticAsian Месяц назад

bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?

@sommersalt88 Месяц назад

Yes indeed.... *Jennifer Leigh Hickman* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

@AntagonisticAsian Месяц назад

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

@newsoundacoustics7973 Месяц назад

Man so glad I found this guy. I love how real he keeps it. Hope I can meet him one day and shake his hand. I'm inspired.

@athenapaquette 7 дней назад

He's way more down to earth then the videos w his wife a little too high level and fake/orchestrated. This is awesome. A gift.

@KenMcElroy 5 месяцев назад

If you find value in this content, please consider sharing this video with a friend. It would really help me out and enable us to educate as many people as possible.

@robertruschak7083 4 месяца назад

Great content 👍🏿

@edwinhunnet2666 Месяц назад

Being a property manager prior to owning real estates is the best position to be in in this housing game.

@athenapaquette 7 дней назад

Or a lender. By being the bank and finding people the money underwriting etc you learn how to get the money and how all kinds of lenders look at it.

@jod5834 5 месяцев назад

thanks! Love the format of the video, you talking directly to us about your experiences in RE!

@sivakumararuchamy3491 5 месяцев назад

Inspiring Ken ! Learning a lot from you ! Keep sharing your learnings ,secrets and success stories!

@riggidybang 5 месяцев назад

These are my favorite Ken videos - just where he is sitting across the table and dropping some of that knowledge

@trininy07 4 месяца назад

Way better when it is just him

@felipecervantes7881 2 месяца назад

Knowledge that worked 20-30 years ago. Truth is, if your a millennial and or GenZ, you wont have 1/4 of the opportunity this man had during the time when the economy was in full bloom. Nothing of what he says works now.

@arigutman 4 месяца назад

Very informative video, thank you for sharing your insights. Would love to have you on Masters of the Market.

@robinjackson7540 Месяц назад

2:28- thank you for highlighting Ken. This is what a lot of people, myself included get caught up in, and mistake it for achievement. That loop of “busyness” is constant and it will never change unless you scale up and or invest your earnings 🙏🏾✌🏾

@Danny-fs1hk 5 месяцев назад

I met Ken in Arizona back in 2001 at one of Robert’s 3 Day events. Don’t let Ken fool you. He killed it on stage.

@priceandpride 4 месяца назад

Don’t let Ken fool you. Period.

@monkmysterio 5 месяцев назад

"the government is not a good landlord"..."there's ego appreciation"...INCREDIBLE QUOTES!!! INCREDIBLE!!! You are one of the greatest minds in real estate. A true blessing to be able to receive this wisdom from you. Keep it coming Mr. McElroy!!!

@KenMcElroy 4 месяца назад

Thank you.

@HOEA-WAKA 4 месяца назад

Agree 👍🏽

@keithgrayson7759 5 месяцев назад

Appreciate you sharing your journey

@julesmckenzie5821 4 месяца назад

This was tremendously insightful! Thank you for sharing Ken 🏆

@clearviewproducts 5 месяцев назад

Awesome advice and thank you for posting this. Great content ken

@jauntynguyen6483 5 месяцев назад

Thanks Ken! As always very informative.

@JoshuaGayman_SedonaCreekFund 5 месяцев назад

I was so excited when i saw that you dropped this title! Let’s goooo!

@UchechukwuAlbert 7 дней назад

I really am happy that I came across your post. Thank you sir. I'm so inspired

@Eden639 4 месяца назад

Great video, thanks for sharing your knowledge and experience.

@alexjones28 3 месяца назад

I'm currently reading your book the ABCs of real estate investing. Can't wait to get my first property

@RidlysEmptyNetter 5 месяцев назад

Great Intel...thanks for sharing.

@klausroethel5961 Месяц назад

Thank you for your direct and very kind presentation 🙏 I love the COIN analogy ! Three sides !! I’ll never forget it !

@absolutecrypto95 5 месяцев назад

Been following you for a while. Thank you for your videos

@77magicbus 22 дня назад

Great story and wise counsel. You did it and deserve all your wealth. Freedom is precious.

@thepropertylife 5 месяцев назад

I love your videos. You are the best of the best. Thank you for what you do.

@garyounrou3718 3 месяца назад

Very interesting and knowledgeable video. Just sign up for your channel, hopefully will learn a lot from you.

@tressacramer9192 5 месяцев назад

I appreciate your wisdom. Thank you for sharing it.

@Specialagentbryan 5 месяцев назад

Thank you Ken! Great information!

@lubosimaboshe 5 месяцев назад

Ken is right 👍 learning how to run real estate takes time but if you keep going you will understand it. And become very rich. It takes time that's why you have to start small to grow your confidence to do bigger deals. Jumping in is not always the best solution, doing it slow, and creating deal networks is more wise. Great video.

@envercito1 5 месяцев назад

Thanks Ken, you’ve inspired me that I can achieve my goals with hard work and dedication.

@ronkeobaro1647 5 месяцев назад

Mr Ken🙏 Thx for sharing!

@jerrybillionss7693 5 месяцев назад

Thank you so much for this ken

@tompat9166 5 месяцев назад

Pure gold Ken, thanks a bunch.

@anthonyminniti17 4 месяца назад

Great vid, my favorite you have ever done

@sh0ck815 2 месяца назад

I really like your approach to management, thank you for your insight

@ashog1426 4 месяца назад

I am going to really start looking into my first multi unit here soon mostly thanks to you.

@GuamBomb253 5 месяцев назад

Thanks for your wisdom bro!

@billm5758 3 месяца назад

"Sales solves everything "!! Awesome truth! You can grow a business on the expense side of a ledger, but you sure can growing revenue...then manage the expenses

@TechOutAdam 5 месяцев назад

Ken is an absolute mastermind. The only person I listen to about real estate.

@jamesmcnamee529 4 месяца назад

Great listen! Keep up the content, even if its simple stories like this Ken.

@waynewoods349 5 месяцев назад

Great stuff Ken!

@Rita-vd2tx 4 месяца назад

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last 4months of 2023

@Rita-vd2tx 4 месяца назад

I don't comfortably throw recommendations around on the internet, thanks Amelia Jason . God, she's brilliant! I'm sure there are others who are good also that excel in the field

@Starkham 4 месяца назад

Woah for real ? I'm so excited. Her strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started

@Rita-vd2tx 4 месяца назад

she's mostly on Telegrams, using the user name.

@Rita-vd2tx 4 месяца назад

@AmeliaJason11..’

@Rita-vd2tx 4 месяца назад

When sending her a message do ensure she’s VERIFIED” cause a lot of imposters out there., .

@davidschaack9036 5 месяцев назад

Thank you so much!! What is your “buy box”?

@ypey1 Месяц назад

Great talk!i love it, this realy helps me i must say…. Thanks man

@worldwideachievers1234 3 месяца назад

Hey Ken when will your new books on CPA, investing and managing be available? You spoke about it on the video “Full Day of a $2 Billionaire”. Excellent video btw. Great humility and insight on your experience. People love stories and this is one.

@Jahguaar 3 месяца назад

Knowledge and action support growth.

@Exhowraon11248 5 месяцев назад

Wow the editing on this is amazing!

@astroboy483 5 месяцев назад

You’re the editor, I take it. But, yes, good editing.

@walterperu68 5 месяцев назад

I have been working for two real estate investors here in Oregon for the last 17 years. At the beginning of last year I purchased an 8 plex with a partner with an average rent of $830 a month. I remodeled all the units and moved in new tenants and current rents are now $1550. I was able to do this because of my experience managing other people’s assets.

@remodelassets6523 4 месяца назад

Well done fellow Investor 💯🏠🏘️🏚️

@mikedickson1070 2 месяца назад

Honestly, doubling your rent on a value add deal is definitely not normal, it’s absolutely likely that market conditions propelled that rent growth far beyond what it would have normally been.

@andrewdussault2315 Месяц назад

thank you for removing affordable units from the market and renting those same units at nearly double the price. you have removed housing from a market made of people who really need it.

@walterperu68 Месяц назад

Go pick a fight with institutional investors and Jerome Powell, and not with a blue-collar worker that’s trying to feed his family.

@mikedickson1070 Месяц назад

@@walterperu68 you’re not a “blue collar” worker trying to feed his family. By your own admission you’re very happy about what you did and it’s entirely abnormal to double rent on a value add program like this.

@glenn3742 4 месяца назад

Great video Ken!

@ElJefe360 5 месяцев назад

Excellent video!!

@emlinares9587 5 месяцев назад

Timeless advice. Experience is priceless... (almost)

@RagnarLothbrok2222 4 месяца назад

Very inspiring Ken!

@Canadiantravelvlog 5 месяцев назад

I believe you and read your book about How to buy your first Rental property. Then I bought my home in May 2021 to live, and then in June 2023, I bought my first rental property as per your guidance . Thank you for sharing your experience and knowledge

@renatosureal 5 месяцев назад

Thanks for sharing your story ... needless to say I wanted to learn more about _Leonard Litwin_ who I've never heard of (for obvious reasons). Interesting real state professional.

@willmontgomery8843 5 месяцев назад

i love the picture on the wall!

@wesdhill 4 месяца назад

Ken is the real deal and we are fortunate to learn from him. Learning how to managed real estate assets before you ever invest or before you raise money is an oustanding plan. I started in property management too and have followed the same plan, albiet much less asset value than Ken.

@TalkinSmackTV 5 месяцев назад

"It's a busyness" - Ken Mc Elroy. Well said. I owned a logistics busyness. 😂

@dutchcrunch91 5 месяцев назад

I’ve been doing commercial property management for about 15 years. It’s a grind. Nothing glamorous. Definitely not get rich quick.

@JDKoosRacing 5 месяцев назад

Wow, thank you for sharing this with so much detail. 15 minutes of content and discussion that is more meaty than most books. I’m 39 and have grown net worth a lot since 23 when I started saving, and after 15 years in IT I started my own real estate business two years ago. What you said here is definitely my goal for the future!

@jeran881 5 месяцев назад

Good video. I still don't know how you did it. Mostly I heard you found the right people at the right time.

@remo 15 дней назад

Great channel, Ken!

@leadgenjay 5 месяцев назад

Ken's emphasis on the importance of operations and methodical growth is spot on. A key tactic for real estate entrepreneurs is to leverage predictive analytics for market trends, which can significantly enhance foresight and strategic positioning. Always stay informed on local economic indicators to make smarter investment choices.

@kakmcloughlin1927 5 месяцев назад

This was excellent Ken. You are such a great teacher and I always wondered about your story. I'm on the edge of the diving board looking down into the water. I see the numbers 2008 floating around at the bottom. I won't lie I'm scared.

@matthewjames1172 5 месяцев назад

kenny mac droppin' knowledge bombs.

@TherealBrandonHatcher 5 месяцев назад

Great video! I started making videos about my own journey. I wish I would have listened when you said fix rates! I thought the fixed rate I had would last long enough...lesson learned.

@dustinmaherfitness 4 месяца назад

Thanks for this video. I love your start out slow recommendation. I started in commercial real estate 2 years ago, bought about 20M worth and most have been amazing but a couple smaller properties have been challenging including having to fire our property management company for our 112 br apartments and my wife and I are now managing it. We have turned it around and added a million in value in less than a year (30k/month revenue to 44k) but it wasn’t without a lot of pain and stress. PM isn’t for the faint of heart!

@scottkidd1969 5 месяцев назад

Great advice on learning and taking it slow. I wish I would have done this many times in my life.

@seanyounk1 2 месяца назад

This is solid gold.

@MatthewCBecker 5 месяцев назад

this is great advice. keep it small keep it all and cash flow. I wish I could teach like you. Thanks for the content, I forward this stuff to people I mentor. Is it awesome.

@niels.ae4301 9 дней назад

You are a wise man, thanks for the great advice ❤

@loftonsports 5 месяцев назад

Thanks!

@cryptolatino9220 4 месяца назад

Great content. The only suggestion is to work on higher volumen on the audio. Thanks.

@alainmallette8479 4 месяца назад

Hey Ken! You are providing great content for us to learn from the best in the business like you. I have a friend that wants to start in real estate in Canada with no cash upfront and not with a great credit. He is extremely motivated to learn and work hard. Is their possibilities to find money and deals or this dream is not realistic? Thank you.

@maloy2316 4 месяца назад

How do you structure a deal like that with investors? How do you approach them?

@willbuchholtz4531 5 месяцев назад

This guy is the real deal. I love how real he is

@Bryanbobber 5 месяцев назад

4 real

@theodoroseidler7072 3 месяца назад

Excellent video. I'd love to get Ken as my mentor. As a doctor and a real estate owner, I would really love his mentoring.

@nidhijhawer756 5 месяцев назад

Hey Ken, great information! I dont want to be the one pointing out flaws but the audio sounds too quiet. I had to grab my headphones to not let my ambient noise cover your voice. Thank you.

@jettywetty9398 13 дней назад

I love ❤️ Your Content Ken & I’m 28 I also like Everything Finance.

@401tarrafal 5 месяцев назад

Live from MASSACHUSETTS Great video

@christianick 5 месяцев назад

Thank you, thank you for sharing your journey. Question about the 1031 exchange - Is it true that it only delays the tax penalty? When you mentioned it at the 15 min mark, I started getting curious to understand the broader strategy in case there is additional wisdom beyond "never sell".

@storyandasong 3 месяца назад

Some people hold until they get into lower tax bracket (retirement) or put into a trust to pass to offsprings upon death at a step up basis.

@andreaslingue1918 4 месяца назад

Thank you for your wonderful insights. Awareness* (the ability to see) is the greatest gift available to all of us, it is completely free once we understand that we can reach its highest levels, simply by giving and helping in a sustainable way. I can't believe the power of the words you just said. It truly resonates with my own life. Thank you Sir.

@JermaineThomas4050 5 месяцев назад

Block and tackle 🙌🏾🏈! - Ken McElroy

@joencrypto8133 4 месяца назад

At around 14:30 is probably the message that I will forever remember and share with others.

@joshs2733 5 месяцев назад

Good afternoon Ken, love your show. I know you are busy, but can I ask what recent construction costs (per square foot or per unit) you have seen for small infill apartments in your market? 5-10 unit 2-3 story buildings. I know that is an extremely open-ended question, but if you have any cost numbers at all I would appreciate it. I am a commercial appraiser that is asked by banks to put an insurance value on existing buildings. So, if I appraise an apartment complex for market value, they would also like a replacement value on each building, not constructing all buildings at the same time. Sadly, there is minimal single buildings being constructed in my market. So, can I ask if you have done any new small apartment complexes, or heard recent construction prices? Thank you for your time, Josh Stroeb

@paultexasusa1366 Месяц назад

Thank You.

@dhowto3005 5 месяцев назад

Thank you.

@cryptobradley2006 3 месяца назад

Just listen to this 10 times in in 3 days !!

@Cashflowsavage 5 месяцев назад

I’m 45 and finally at a point where my real estate works so hard that it feeds itself meaning snowball effect it makes money that I can save and find the next deal

@infiniti2015 3 месяца назад

Great video. No bs

@CrashBr0 5 месяцев назад

Turn the volume up

@Tgoodere 5 месяцев назад

Very Informative Ken.

@brandonrobertson1696 2 месяца назад

Now release a video telling us how to turn 0$ into 110k$.

@jaygold4467 27 дней назад

Exactly. I wanna hear that story.

@natlovell122 25 дней назад

Get into sales, I got into medical sales a year and a half ago. I was making about $70k a year prior. This year I’ve made $90k in 5 months.

@christobar 23 дня назад

Hard work.

@jaygold4467 23 дня назад

@@christobar Hard work just gets you more hard work. The wealthy must pay their taxes.

@konakreek3317 5 месяцев назад

Ken is the man. I’d pay Ken to work for Ken

@JustMe-gx4xt 3 месяца назад

I'm sure he would like to take your money. What's the hold up?

@NEXTLEVELHEALTHwithTim 4 месяца назад

What do you feel about real estate pricing today? It’s a lot different that it was 20-30 years ago. Is it still the best investment?

@BigRyGuy 5 месяцев назад

Ken, so when is the perfect time to jump into real estate. So many opinions our there….with for interest rates to come down….Wait for housing prices to dump….Come up with more down payment to ensure cash flow. Some day you have “pull the trigger” but when is the best time?

@juanmanuelayala7517 3 месяца назад

This man know how speak so eloquently that I can spend hours listening to his stories

@inquisitivewanderer2536 5 месяцев назад

More of these solo, frank conversations please!

@KaayJaay 27 дней назад

PREACH!!!!!

@NWONG-qk2lt 4 месяца назад

I learnt the real estate investing from u folks especially using debt as the asset. I am an architect developer. I am quietly doing what I am doing without bragging to anyone.