The murder of Ken Rex McElroy took place in plain view of dozens of residents of this small farm town, under the glare of the morning sun. . I bring my kids and all that kind of stuff. And so, obviously, when something like that happens you have to evaluate things. She lived in Conway, Missouri, and apparently died of cancer. The story of how Ken went from managing an apartment building as a broke college student, to acquiring over $3B in real estate. I believe that you had to have a bunch of money in the bank. Ken McElroy is the co-partner of . The ABCs of Real Estate Investing: The Secrets of Finding Hidden Justin Donald: Thats awesome. old pros as well as novice investors, this friendly, straightforward guide walks readers step by step through every stage of property analysis. With multiple units, the property value is based on the current cash flow of the property.". 4,377 Following. I always tell people because when I first started, it took me a long time to get into real estate. Your book, The ABCs of Buying Rental Property, was the third book I read in the Rich Dad Poor Dad series. Please note that some processing of your personal data may not require your consent, but you have a right to object to such processing. You know, hes very bright, very smart, way smarter than me in a lot of ways. Its like 25 questions but it kicks right to your inbox. Limitless! The Financial Freedom Expo - June 15-17, 2023 I mean, you hear the right deal and youre in. So, theyre just frothing for guys like us that can bring them something that provides cash flow tax-free. The process behind transitioning into investing and landlording. And so much of what youre saying is just spot on, especially with like the deal terms. 18 Best Real Estate Investing Books For Beginners 2023 So, whats the story there? You did this with Robert. Id never been to anything like this. Our investors are happy. Navy during the Korean War. And then he asked me, hes like, Hey, do you want to come to one of my events? I swear this is true. Ken founded McElroy Management in 1998, and in 2001 merged his company with Ross McCallister, creating MC Companies. Id love for my audience to learn more about you. The ABCs of Real Estate Investing by Ken McElroy - Complete Book Summary. People do not move when theyre seniors. Ken got his start during college, when he took a job managing an apartment complex. And so, I wanted the money of the book, the profits, to go towards charitable organizations. While I was there, I was offered by a friend of mine and said, Hey, weve got this 60-unit apartment building that you can manage and Ill give you a free rent if you do it. So, Im in like I just said because I was racking up student debt, getting through school.
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