Hi Ken, good video. I have been meaning to ask you about making an offer on a multi-family. Maybe you can make another video about it, but how do you make your initial offer when you know most likely the offer will be reduced after the due diligence process is complete?
Hey ken! Your videos are very helpful for us as a beginner. So , thank you! Could you please show us how to write a business plan of a units apartment deal so that we can get the approval from the bank. It’s hard for me to get loan from the bank because I left college and I don’t have job for the moment. I am wondering what kind of guarantee I should give to the bank to finance the deal. Could please make a video about this topic? Much love and god bless you !
Hi Abdellah! Thanks for watching and leaving a comment. There are a lot of good places to find information out on how to write a business plan. I made a note about your request for a future video and I'll see what I can do. In the meantime there are many good books out there on how to write a business plan including one from my good friend Micheal Blank, which you might check out. I also wanted to suggest that you might search in your area for a real estate investment company. Reach out to them by email and see if they need any help. Start as an intern and learn as much as you can. Business is rarely done in a vacuum and the ability to build contacts and make relationships will help you immensely.
It’s very helpful. Thank you! About the book of Michael blank on how to write a business plan for a real estate investment, is it « Financial freedom with real estate investment » ?
Fantastic advice. Thanks Ken you the man. I got your book! So true about capital and you can get financing if it’s a good deal. I just bought a few multifamily in Florida and filmed it on my channel. Kinda am in the field type real estate vlog
Hey Ken! I have a question, hopefully you can help? Let’s say I have good credit Score and one credit line and I’m interested in buying an apartment for rental to create passive income. However I haven’t filed taxes in two years due to the fact that, one I live with my family so Rent is free and Two I work for my parents store and I’ve never received income for my time. I also started a side job as a consultant making approximately $2500 a month and within those three months I was able to save $6000. I have no expenses because food was also free and no other liability such as car payment…Being that Im still learning and understanding the concept and the basics of rich dad‘s teachings, what are the chances of getting rejected by the Bank if I’m interested in a property?
Actually Ken let me rephrase the question. How can I go to the bank without getting rejected? Or How can I present myself to the bank and get approved? Thank you so much!!
Ken, you're the best; how can one start with no credit score, no job to show at the bank and no connections into private capital markets? It's a question I know you're the best Real Estate mentor on the planet to me and wonder if you could shave years of struggling to many and myself with your magic touch, wisdom and knowledge. Thank you, Daniel Saraolu.
Hi Ken, good video. I have been meaning to ask you about making an offer on a multi-family. Maybe you can make another video about it, but how do you make your initial offer when you know most likely the offer will be reduced after the due diligence process is complete?
Hey ken! Your videos are very helpful for us as a beginner. So , thank you!
Could you please show us how to write a business plan of a units apartment deal so that we can get the approval from the bank. It’s hard for me to get loan from the bank because I left college and I don’t have job for the moment. I am wondering what kind of guarantee I should give to the bank to finance the deal.
Could please make a video about this topic? Much love and god bless you !
Hi Abdellah! Thanks for watching and leaving a comment. There are a lot of good places to find information out on how to write a business plan. I made a note about your request for a future video and I'll see what I can do. In the meantime there are many good books out there on how to write a business plan including one from my good friend Micheal Blank, which you might check out. I also wanted to suggest that you might search in your area for a real estate investment company. Reach out to them by email and see if they need any help. Start as an intern and learn as much as you can. Business is rarely done in a vacuum and the ability to build contacts and make relationships will help you immensely.
It’s very helpful. Thank you!
About the book of Michael blank on how to write a business plan for a real estate investment, is it « Financial freedom with real estate investment » ?
Money is everywhere. Corona enters the chat
lack of knowledge regarding cost of capital will bring a huge problem to the business right .
puncak alam, ac220b4i
Fantastic advice. Thanks Ken you the man. I got your book! So true about capital and you can get financing if it’s a good deal. I just bought a few multifamily in Florida and filmed it on my channel. Kinda am in the field type real estate vlog
so... how i'm gonna pass engineering economy ?
HELP
Would that be the same as your cover ratio then? or how does those two concepts compare?
I have a question:
cost of capital = net revenue * WACC, right?.
Hey Ken! I have a question, hopefully you can help? Let’s say I have good credit Score and one credit line and I’m interested in buying an apartment for rental to create passive income. However I haven’t filed taxes in two years due to the fact that, one I live with my family so Rent is free and Two I work for my parents store and I’ve never received income for my time. I also started a side job as a consultant making approximately $2500 a month and within those three months I was able to save $6000. I have no expenses because food was also free and no other liability such as car payment…Being that Im still learning and understanding the concept and the basics of rich dad‘s teachings, what are the chances of getting rejected by the Bank if I’m interested in a property?
Actually Ken let me rephrase the question. How can I go to the bank without getting rejected? Or How can I present myself to the bank and get approved? Thank you so much!!
hey your video very helpful could u have telegram account sir?
Hi betelehem Girmay, I don't use telegram but I am on Instagram if you want to follow me there. instagram.com/kenmcelroyofficial/
How does expansion of the monetary supply effect cost of capital?
Ken, you're the best; how can one start with no credit score, no job to show at the bank and no connections into private capital markets? It's a question I know you're the best Real Estate mentor on the planet to me and wonder if you could shave years of struggling to many and myself with your magic touch, wisdom and knowledge. Thank you, Daniel Saraolu.
Nice Panerai ;)
Short and sweet!
Ads were short too but not so sweet.