How I Turned $116K Into $3 Billion

Рет қаралды 283,124

5 ай бұрын

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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Пікірлер: 315

@KenMcElroy 5 ай бұрын

If you want to see the lessons I've learned from meeting 27 billionaires, click here: kzfaq.info/get/bejne/iLqkY5djrZu5qXU.htmlsi=vDoLpaSLpJ7d68IK

@48512 5 ай бұрын

Can you spare $200k

@nsdpodcast1690 4 ай бұрын

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

@Mr_Stunna 4 ай бұрын

Please hire me in Texas

@dropoutandretireearly1781 3 ай бұрын

What is your true realistic net worth Ken ?

@tatianastarcic 6 күн бұрын

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

@berniceburgos- 6 күн бұрын

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

@BridgetMiller- 6 күн бұрын

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

@Michaelparker12 6 күн бұрын

Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.

@BridgetMiller- 6 күн бұрын

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@richardhudson1243 6 күн бұрын

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

@Curbalnk Ай бұрын

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 Ай бұрын

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 Ай бұрын

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.

@sommersalt88 Ай бұрын

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.

@KenMcElroy 5 ай бұрын

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 5 ай бұрын

Great content 👍🏿

@edwinhunnet2666 Ай бұрын

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

@athenapaquette 24 күн бұрын

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.

@newsoundacoustics7973 Ай бұрын

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 24 күн бұрын

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.

@riggidybang 5 ай бұрын

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

@trininy07 4 ай бұрын

Way better when it is just him

@felipecervantes7881 3 ай бұрын

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.

@Danny-fs1hk 5 ай бұрын

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 5 ай бұрын

Don’t let Ken fool you. Period.

@jod5834 5 ай бұрын

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

@sivakumararuchamy3491 5 ай бұрын

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

@elina6519 24 күн бұрын

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 24 күн бұрын

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

@idownadesanya-bw9px 24 күн бұрын

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

@michaelking4490 24 күн бұрын

@@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 24 күн бұрын

@@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 24 күн бұрын

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.

@monkmysterio 5 ай бұрын

"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 5 ай бұрын

Thank you.

@HOEA-WAKA 5 ай бұрын

Agree 👍🏽

@walterperu68 5 ай бұрын

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 5 ай бұрын

Well done fellow Investor 💯🏠🏘️🏚️

@mikedickson1070 2 ай бұрын

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.

@ElvishShellfish Ай бұрын

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 Ай бұрын

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 Ай бұрын

@@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.

@robinjackson7540 Ай бұрын

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 🙏🏾✌🏾

@arigutman 5 ай бұрын

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

@TechOutAdam 5 ай бұрын

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

@clearviewproducts 5 ай бұрын

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

@julesmckenzie5821 4 ай бұрын

This was tremendously insightful! Thank you for sharing Ken 🏆

@EliWesley4 13 күн бұрын

I am so happy that I made productive decisions about my finances that changed my life forever. I am a single mother and I live in Spain, I bought my second house in September and I hope to retire next year at 40 if all goes well. thanks to Louise O'Brien for helping me achieve this.

@DanetteAguilar01 13 күн бұрын

I've heard a lot about her. Please how do I contact Louise O'Brien?

@EliWesley4 13 күн бұрын

SHE IS ON TELE GRAM.

@EliWesley4 13 күн бұрын

She communicates on telegram..

@EliWesley4 13 күн бұрын

@ATLouise55 ..that's it .

@EliWesley4 13 күн бұрын

That’s her user-name

@keithgrayson7759 5 ай бұрын

Appreciate you sharing your journey

@jauntynguyen6483 5 ай бұрын

Thanks Ken! As always very informative.

@JoshuaGayman_SedonaCreekFund 5 ай бұрын

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

@absolutecrypto95 5 ай бұрын

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

@UchechukwuAlbert 23 күн бұрын

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

@Eden639 4 ай бұрын

Great video, thanks for sharing your knowledge and experience.

@Specialagentbryan 5 ай бұрын

Thank you Ken! Great information!

@klausroethel5961 Ай бұрын

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

@RidlysEmptyNetter 5 ай бұрын

Great Intel...thanks for sharing.

@tressacramer9192 5 ай бұрын

I appreciate your wisdom. Thank you for sharing it.

@jerrybillionss7693 5 ай бұрын

Thank you so much for this ken

@envercito1 5 ай бұрын

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

@anthonyminniti17 5 ай бұрын

Great vid, my favorite you have ever done

@thepropertylife 5 ай бұрын

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

@lubosimaboshe 5 ай бұрын

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.

@77magicbus Ай бұрын

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

@dutchcrunch91 5 ай бұрын

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

@ronkeobaro1647 5 ай бұрын

Mr Ken🙏 Thx for sharing!

@jamesmcnamee529 4 ай бұрын

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

@TalkinSmackTV 5 ай бұрын

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

@sh0ck815 2 ай бұрын

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

@tompat9166 5 ай бұрын

Pure gold Ken, thanks a bunch.

@leadgenjay 5 ай бұрын

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.

@waynewoods349 5 ай бұрын

Great stuff Ken!

@garyounrou3718 3 ай бұрын

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

@motocrazy81 2 күн бұрын

great story ! love it ! inspirational sir !

@GuamBomb253 5 ай бұрын

Thanks for your wisdom bro!

@ashog1426 5 ай бұрын

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

@Rita-vd2tx 4 ай бұрын

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 ай бұрын

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 ай бұрын

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 ай бұрын

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

@Rita-vd2tx 4 ай бұрын

@AmeliaJason11..’

@Rita-vd2tx 4 ай бұрын

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

@ypey1 Ай бұрын

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

@worldwideachievers1234 3 ай бұрын

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.

@billm5758 3 ай бұрын

"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

@alexjones28 4 ай бұрын

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

@glenn3742 5 ай бұрын

Great video Ken!

@Exhowraon11248 5 ай бұрын

Wow the editing on this is amazing!

@astroboy483 5 ай бұрын

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

@ElJefe360 5 ай бұрын

Excellent video!!

@davidschaack9036 5 ай бұрын

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

@JDKoosRacing 5 ай бұрын

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!

@wesdhill 5 ай бұрын

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.

@RagnarLothbrok2222 4 ай бұрын

Very inspiring Ken!

@remo Ай бұрын

Great channel, Ken!

@Jahguaar 4 ай бұрын

Knowledge and action support growth.

@scottkidd1969 5 ай бұрын

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

@Canadiantravelvlog 5 ай бұрын

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

@dustinmaherfitness 5 ай бұрын

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!

@Cashflowsavage 5 ай бұрын

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

@loftonsports 5 ай бұрын

Thanks!

@willmontgomery8843 5 ай бұрын

i love the picture on the wall!

@NEXTLEVELHEALTHwithTim 5 ай бұрын

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?

@emlinares9587 5 ай бұрын

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

@kenuchaccordionlessonsintr6003 11 күн бұрын

very good information

@joencrypto8133 5 ай бұрын

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

@seanyounk1 3 ай бұрын

This is solid gold.

@jeran881 5 ай бұрын

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

@andreaslingue1918 5 ай бұрын

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.

@renatosureal 5 ай бұрын

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.

@willbuchholtz4531 5 ай бұрын

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

@Bryanbobber 5 ай бұрын

4 real

@kakmcloughlin1927 5 ай бұрын

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.

@niels.ae4301 25 күн бұрын

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

@matthewjames1172 5 ай бұрын

kenny mac droppin' knowledge bombs.

@juanmanuelayala7517 3 ай бұрын

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

@dhowto3005 5 ай бұрын

Thank you.

@jettywetty9398 29 күн бұрын

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

@KaayJaay Ай бұрын

Preach!!

@paultexasusa1366 Ай бұрын

Thank You.

@JermaineThomas4050 5 ай бұрын

Block and tackle 🙌🏾🏈! - Ken McElroy

@401tarrafal 5 ай бұрын

Live from MASSACHUSETTS Great video

@KaayJaay Ай бұрын

PREACH!!!!!

@maloy2316 5 ай бұрын

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

@maxt1617 2 ай бұрын

Regarding being an operator first and an owner/investor later... damn right. Same in equities; it's been such an advantage to know how business operate first and how bad 'negative news' actually is... and then become an investor (in cheap, downtrodden stocks). Too many investors or city analysts, and they don't know how a business actually operates, only what the outputs look like (accounts, presentations).

@infiniti2015 3 ай бұрын

Great video. No bs

@brandonrobertson1696 3 ай бұрын

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

@jaygold4467 Ай бұрын

Exactly. I wanna hear that story.

@natlovell122 Ай бұрын

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 Ай бұрын

Hard work.

@jaygold4467 Ай бұрын

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

@TherealBrandonHatcher 5 ай бұрын

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.

@cryptolatino9220 5 ай бұрын

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

@MatthewCBecker 5 ай бұрын

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.

@CrashBr0 5 ай бұрын

Turn the volume up

@cryptobradley2006 4 ай бұрын

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

@Tgoodere 5 ай бұрын

Very Informative Ken.

@nidhijhawer756 5 ай бұрын

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.

@christianick 5 ай бұрын

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 4 ай бұрын

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.

@NWONG-qk2lt 4 ай бұрын

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.