I've Made $1 Million Dollars 10 Different ways, Here's how
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- เผยแพร่เมื่อ 6 ก.ค. 2024
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Ken McElroy reveals the ten strategies that helped him make over $1 million each from 10 different real estate businesses. From property management to innovative investment techniques, discover the secrets to building a successful real estate empire.
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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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Your support helps us grow and motivates Ken to create more content for you.
I sincerely hope he keeps posting. My son needs to know what is possible. Thanks Ken.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm new at this, please how can I reach her?
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
Our perceptions of your approach influence how we interpret, understand, and act on the truth. Getting into investing i stuck to Avoiding high interest debt. Cutting costs. spending less, earning more and investing passively The best way to find that balance between saving and living is by investing..what i can say to early investors is diversification and solid management this was how i got to my first million..at this point I'm actually grateful for my advisor Dianne Sarah Olson..
The thoughts and ideas here are remarkable
did a quick search and found her webpage. I must say her resume is pretty impressive.. will be writing her too
i'm happy there are lots of people doing so well...Love this channel for the transparency
I had to Google to be sure, great resume she has.
i think youll find that it is incredibly easy to make 1 million if you already have more than 1 million.
Thank you for sharing how your mind sees opportunities. Very helpful
This was dope to hear your perspective and execution of your Bussiness plans.
A masterclass in vertical market integration
Ken you’ve provided so much value and I’d love to bring it back. Would love to bring you deals I’ve found with over 100 units that fit your buy box. Please let me know how I can reach out to you, thank you🙏🏻
I’m so grateful to have you in my utube play list , thank you for sharing ❤❤❤❤❤
Watching this within 10 minutes! Hit me with 2 tickets to Limitless Ken. Change a life! 😅
1. I don't think works in all countries.
2. You have to be in the industry you mentioned+ in the right places etc.
3. I tried doing it but from real estate agent side as kiyosaki says to do sales and learn real estate (which not work out as i can't sustain the cost of the crazy insurance/medical bills with not so intense jobs... Kiyosaki says to prepare to fail so i also needed to work on day trading in case this real estate thing not work) so i had to leave usa and just do something else.
+ MUCH MORE
LONG LONG LIST IT HAS TO DO WITH LUCK!!!
Wow. Ken is a super impressive capital allocator !!
Thank you Mr McElroy 🙌🏽
How old is Ken and what age was he when he started to invest in real estate?
Ken, your an inspiration to young people of what is possible. I know you are doing this to give back. I think that is the greatest achievement. Bar none, I implore young people to listen and learn. I’m doing the same, way smaller scale but boy it feels good. I sincerely love your work and videos. I just want to give you the biggest thumbs up I possibly could. Btw your wife is fantastic she fills the gaps. Please keep your videos and dialogue accessible so others may learn. Cheers friend, would be great to meet you one day.
Not only did I enjoy this I salute you Kenny, I've been on your team since I joined Rich Dad. You are a beast.
10 different ways in one area though, will this all still work in a falling market?
Quick question about calculating the value of your improvements. I actually just added laundry to a triplex but it also gave laundry to the triplex next door that I own. You used: rate of change x annual value / 0.03 cap rate. Do you find this applies in most markets as a rough benchmark? I've been looking for a rough calculation like this for the improvements I've done on my propties. Many thanks.
Calculation is Additional Monthly Income x 12 then dividend by cap rate to arrive at Value Add. Cap rate varies widely by market, location, property type and quality. I doubt you can get a 3% cap rate on a triplex, those cap rates are usually for commercial only and even that’s low (I see 4% in my area). Triplex may be in the 6-12% range but again this can vary. You’ll have to research your particular market and property for accurate cap rates.
How do I really get a construction loan???
Watch Jerome Maldonado. He goes over that fairly regularly.
This administration's degree of corruption and incompetence is getting ridiculous. I feel sorry for people who are disabled and do not get the support to which they are legally entitled. Leah Foster Alderman, you have my sincere gratitude. Imagine investing $1.5K and earning $6k in just four days.
That woman completely transformed my life for the better. I've met many people, but none seem as honest as Leah. I'm surprised you know her too
I hear you mention your business partner Ross a lot How does someone go about meeting people who can have meaningful impact business/friend-wise like he has with you?
Beautiful PHX AZ backdrop Ken!!!!
Mind blowing stories and you make it all sound so easy. But my brain is telling me that it sounds impossible from where I am now.
Very helpful Thank you for sharing this
That's amazing, each business $1M+ net profit
La suerte no existe maestro Ken, siempre agradecido por su apoyo!
Thanks 🙏🏼
Thank For your Sharing
This is literally gold! I don't know how to thank you Ken! Have shared.
Big Tank you Sir
Amazing what you have accomplished. Crazy that there are RE people that haven’t heard about you. Great video
You have an amazing content like always, thanks so much,
BTW im 16 years old and im working on starting a company by the guidence of Robert Kyiosaki and im learning how sell also and when i will hape the extra cash i will be investing into Real estate by your guide, you are literally the best teacher on real estate in the world, such an underrated teacher!!!!!!!!!!!!
Inspired from Toronto, Canada. I am on the right track.
Mumford from SWAT💪🏾🔥😂
Over how many years did it take you to build each business
Ken. I appreciate you talking about your reasonings and strategies with stuff like this.
I am a man at 30 years old looking to play this game and break away from normal life.
This perspective you show in your videos is very valuable, and I will be using it as a reminder of what potential properties and places have. I simply have to do the math and know what I can get out of places.
Being a laundromat owner I will not "like" this video. 😆
So proud of you 👍
Nice.... Now it is time to get 2-4 mil to buy the first appartment compex😂
I wish I could understand what you are trying to tell me... 3M is what it costs for 256?
More please ❤
He should be everyone's American favorite with the way that they talk. Did you hear what he said King created more jobs per person and made more money. America always screams about how they want more jobs I don't think that's true
Genius
can someone who only has 4k in the bank start off like u?
Yeah but it's not gonna be easy
It's not luck, if you win the entrepreneur gene lottery.
😂😂😂
Actually I’ll buy your❤ info
this old fox know much
After all, you don't seem like the kind of man who is doing this just a brag you're fishing or something. Hopefully, I caught the bait.
My God, man please find a way for me to help you make money. I want to learn from you. I'm 46 years old and I've never seen anything like you. Maybe I've been searching for you my whole life maybe you've been searching to help people become like you after all isn't that humanities ultimate goal? I would love to be able to teach people when I think you can teach me in return. I can leave a legacy behind and credit you for it.
F THAT LUCK IS NORMALLY A FACTOR IN SUCESS!!!! So failed businesses were not due to circumstances outside of the business owners control? WTF you talking about just being able to run a business requires some level of luck. You do know everyone can't learn right? To be able to learn and apply required some luck from the start.
If luck was the main factor in success, is it pure luck that America became the #1 economy? Is it pure luck that we have the most millionaires and billionaires in the world? So they didn't work hard at anything, just sat on their couches and became rich overnight? You have a lazy loser mindset
Man! Look at all these fake comments!
Its luck
Who wants to live in an 850 unit building?
Go to LA, Miami or Scottsdale. The 850 units are not in one unit. They are usually spread out over 3-5 high rise buildings.
Let’s network
Insightful