Go or No Go: How I underwrite my deals!

Рет қаралды 17,946

Күн бұрын

If you're looking to take your property management or underwriting skills to the next level, then you won't want to miss Ken's final lesson in his three-part series. In this video, he dives deep into the details of a value add deal, backed up by real-time market numbers. He'll show you exactly what's required from a financial perspective to make sure your investments hit their mark and deliver on their expected returns. With all three lessons in hand, you'll have the tools you need to be a successful real estate investor. Don't miss out - watch now!
Join Ken's Inner Circle Membership
+Access to exclusive Happy Hour events and webinars
+Ask Ken a question
+Watch Ken analyze deals in real time
+Access to dozens of exclusive real estate training videos and articles
Visit kensinnercircle.com to sign up for only $29.99/mo!
Ken has a real estate strategies podcast! Follow on your favorite platform for new discussions released weekly.
Apple Podcasts: apple.co/3jDqftx
Spotify: spoti.fi/31GUDwW
• • •
Be sure to click the bell to be notified as soon as the next informational video is posted!
Visit Ken's Bookstore: kenmcelroy.com/books/
•
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.
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. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income.
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/
•
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.
Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites.
All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate. Comments which are off-topic, offensive or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
© 2023 KenMcElroy.com, LLC. All Rights Reserved.
#kenmcelroy #realestate #realestateinvestingforbeginers

Пікірлер: 20

@PlanetEarthPassport Жыл бұрын

Just wanted to let you know, Ken. You are one of the most generous people I have ever had the honor to meet. I don't know if people who see your videos realize this. Thank you for taking the time to give out so much valuable information!

@joelmilligan2060 Жыл бұрын

Totally agree! Thank you.

@dmcars147 Жыл бұрын

Good stuff, though the key is not bullshit yourself on the input numbers. For starters take a good portion of any broker offering memorandum and throw it out. I've been in property investment/management for over 20 years and don't think I've ever seen a deal that performed like it was presented by the broker. I'm also regularly suspicious that EVERY SINGLE broker pitches that rents are low. I can tell you when I've sold properties, I've usually spent a few years driving rents up any way I could. Don't assume that your seller was just leaving 15 to 20% of gross on the table. I've also yet to see a broker not manipulate expenses lower. It's so easy to just drop lower expenses on a spreadsheet and while there are opportunities, most smaller investors aren't that good at finding them. THey more often cut service levels to reduce expenses, which can often lead to unhappy tenants and ultimately lower rents. Are the rents really "low" or are they correct for the market based on other factors (unit condition, location, availability, etc)? In the event where you can increase rents significantly, that generally requires capital improvements, so don't forget to consider those costs. Many folks like to play with NOI by dropping tons of expenses below the line to capex. This is especially relevant on older places, which can drain you dry and even though NOI looks fine, you're bleeding cash keeping up on big ticket items that go on your balance sheet. Regardless, there's no better business to be in and I believe Ken is one of the more sincere gurus out there.

@aspeagle7417 Жыл бұрын

Thanks for sharing your insights on this. It's crucial to not be fooled by the input numbers presented by brokers and to thoroughly scrutinize them. It sounds like you have a lot of experience in this field and your advice is valuable. Having an investment advisor can also be beneficial in navigating these complexities.

@davidrpriest Жыл бұрын

I never get tired of hearing about using cash out refis to increase returns and return equity. Thank for sharing Ken. I really like the second part because the initial cash on cash would have been a no go for me. It made me reconsider how quickly I kill some deals.

@virsli100 Жыл бұрын

these last 3 videos of this mini series are one of the bests so far, thank you!

@autoespacio378 Жыл бұрын

This is gold. Great information about real estate investing

@onedropontv8863 Жыл бұрын

You the man! Thank you! Thank you!

@nguye1971 Жыл бұрын

Thanks Ken. Great analysis. I would have to pause a few times to digest the info.

@youmayberight2434 Жыл бұрын

Thank you.

@rontribble414 Жыл бұрын

Thank you

@rontribble414 Жыл бұрын

Ken is a genius

@ketolifestylekilitinc.5955 Жыл бұрын

Solid video. You basically just Brrrr an apartment complex 🤙

@Dave_McGuire Жыл бұрын

GREAT info. Can't seem to find the other 2. Anyone have links?

@KenMcElroy Жыл бұрын

Hi Dave! Thanks for watching. I might not have been as clear as possible indicating, but they are the last two Friday videos. There is a small "i" on the video that you can click in your browser which should show them or you can simply follow these links: kzfaq.info/get/bejne/oqtxhtRjmNG5aWg.html and this one: kzfaq.info/get/bejne/rNuhrN2jy7nTh3U.html Hope that helps! I appreciate your support!

@eyelovecolorado2195 Жыл бұрын

Your calculations are great but it ALL depends on wether or not you can capture the extra $190,000. 1/3 of cpi is rent. So the fed is targeting rents which are at a historic high. Thoughts anyone?

@szee8588 Жыл бұрын

My parents got a strange offer by the REIT company to get back less than half of the money they put in . They had applied/ tried to sell a few times but were told they were not able to sell because there were not enough buyers. I'm curious why the REIT company would offer to buy their shares now - at a disgustingly low price albeit. Should they keep the REIT or just take their losses now? What do you see is the future of REITS? I was told the REIT was made up of lots of chains like CVS etc. Need to find our where the locations are.

@robertoinvests Жыл бұрын

❤❤❤

@KingsleyFinn Жыл бұрын

If you are going this route you are a fool. To use future appreciation in a market that’s a bubble market given the retraction of cash in the economy will drop asset prices because they are currently inflated. Anyone who uses this method is setting themselves up for incredible failure!