The best of the product is always low selling. The best of the best quality youtubers are always under subscribed and less watched. I am impressed what knowledge Ken provides.
Hi Ken, have you ever done, or heard of, a deal where the sweat equity partner gets additional equity as they manage the property? Or some variation on that deal?
Sweet so I can invest in a property w/ no physical money just pure sweat equity and owning small percentages of big deals until I grow enough to own more of the deals... awesome! 🤑🤑🤑🤑
Ken, if someone came to You with A great Real Estate investment and You thought it was Also Great, would You help them to start ther Future in Real Estate Investing??????
Hey Bryan. This video has some starting advice, it is targeted for someone slightly older but I think the advice is sound for you. Keep learning and growing.
Hi Ken, any recommendations on how (technically) expenses and income could be unambiguously verified? If a seller lies, how could I verify his information? Thanks a lot.
Hi, I know that I’m not Ken, but I am going to paraphrase something that Ken states directly from his book “ABCs of Real Estate Investing”. He said that during the due diligence process after you have formed your purchase and sale agreement, you need to search through the books and records(the accounting, rent rolls, occupancy, etc) and manually search through them. The seller has all these documents. In rare cases, these documents could be fabricated (which is completely illegal), so make sure to scour the property and look for anything suspicious during your due diligence.
Thanks. never really looked at the Cape Rate from both sides. At this stage of the game, we have only looked at it from the buyer side. Also, never new that the cap rate had a cycle to it. I was wondering if there are charts that show cap rate changes over long periods of time and how it relates to stock prices, interest rates etc. for buying residential investment properties, and how long those cycle are????
Super useful information! Agreed, chasing NOI is such a gray area. Are there any ratios that you believe are better to track to gauge success quickly and easily?
Hey ken! This was a very helpful information, but I was wondering if you got any video/s about investing into real estate even if I have a mortgage to pay? Or is that even possible? 😅 😂 cheers man!
Yes my mothers friend asked for 25,000 to start limited partnernship in AZ in 1973 They lost it and never paid her back. So beware. We did not know what we were doing and trusted her because she was a realtor broker and her husband were rich. Not us though.
Too bad there wasn't more details. For example, Ken's answer to the first question is for the person to go out and "find a good deal" to add their money to the investment pool. However, he teaches to only accept accredited investors. With 50 thousand only to invest, you're probably not going to qualify.
I'm new to investing from North Florida. Thanks for the ULI information. I've read a few real estate books and none mentioned the urban land institute. I do have a question though. I have looked at quite a bit of your vids and was wondering, do your ABCs of real estate talk about the renovation process because on one of your vids you were basically saying you can do renovations every 5 years on a particular property, It was also talking about cash-flow and other investors going in on a property? I asked because I was considering getting your book. Each book I read brings something different so when I heard you explain that it kinda got me thinking..maybe your book could teach me that. I know about cap rates, ROI, NOI, Etc.. but I was just curious. If you tell me yes then I will def buy your book immediately.
Hi Ff Yy, thanks for watching and I'm glad you are getting something out of the videos. Every deal is pretty unique so the loan structure varies greatly. As a big picture, general rule most of our debt financing has amortizing principal. For new construction or major renovations, we could have an interest only loan for the period for the build up or renovation. I hope that helps. To protect against future interest rate changes we fix the rate, if possible and appropriate.
@@KenMcElroy thank you Ken, that makes a lot of sense. Here in London UK almost every deal has to be interest only for the numbers to make sense. Most Investors I know, invest with interest only loans. Do you think this is too risky? I am not sure what to do because I do not want to miss on extremely low interest rates. Thanks in advance.
Hello..I ' ve just started to read your book written in 2004..Everything is explained so fluently and simple . When you know the method and have the true mindset..may be these are the same aspects...all you Ken=) do with success and ease...Briefly..Thanks a lot Mr. McElroy.
*The* *housing* *market* *does* *seem* *a* *bit* *high* , *and* *maybe* *that* *means* *to* *continue* *to* *look* *but* *not* *put* *100%* *percent* *effort* *sifting* *through* *deals* . I think following your return on investment numbers is the most important, and that should help you determine if you want to purchase a deal even if the market has elevated prices. I think the hardest part about real estate is not crunching the numbers, but having the *persistence* to continue looking for deals *AND* having the *patience* (disciplined mind) to not act on a bad investment just because it may feel like progress has not been made in a while.
Hi Val. I've recorded more videos where I answer questions, which will be posted soon. As far as lack of historical data, I would say that you would need to be more cautious with the purchase price and make a note of it in the negotiations. Letting the seller know that the lack of information creates uncertainly and impacts the price. Other than that, do your best to estimate revenue based on available comparable properties both geographically and quality of the property. It is really tough though, so I understand your frustration.
Ken McElroy thanks a lot for your advice Ken! I feel I am not alone. There are some unoccupied properties in a city. I am struggling in adequate evaluation of them.
Please tell us how to buy a foreclosure property (House). I need to buy my first home. Is it beneficial to buy a foreclosure home or regular listing homes. Also, how much down payment is good to give in the beginning. Thanks
Starting from this video I’m going to leave comments on your videos you produce pure gold and I’m honestly glad many people aren’t subscribed to you because if everyone understood real estate with your style of investment strategy they would attack the markets like sharks
When seeking investers, how can I learn what interest of return do I offer them on their money and within what time frame should I project their return?
Thanks for watching Mii! I'll take that as a compliment. Not too worried what others think of me, I think it is one of my strengths. I appreciate you watching and commenting.
No worries, Thanks for taking the time to read my book and watch the videos. I hope that they are helping you. It is a great quality to be trying to improve yourself. I work at it everyday.
The best of the product is always low selling.
The best of the best quality youtubers are always under subscribed and less watched.
I am impressed what knowledge Ken provides.
I appreciate you Kenny , I’m glad your speaking louder so I can hear you
Hi Ken, have you ever done, or heard of, a deal where the sweat equity partner gets additional equity as they manage the property? Or some variation on that deal?
These videos are fantastic. What are your thoughts on using rent income to buy some gold/silver like RK does?
Well said as always thank you .
Sweet so I can invest in a property w/ no physical money just pure sweat equity and owning small percentages of big deals until I grow enough to own more of the deals... awesome! 🤑🤑🤑🤑
Ken, if someone came to You with A great Real Estate investment and You thought it was Also Great, would You help them to start ther Future in Real Estate Investing??????
Hey ken I’m 16 years old and I want to get started in real estate. Any advice that you might have
Hey Bryan. This video has some starting advice, it is targeted for someone slightly older but I think the advice is sound for you. Keep learning and growing.
Thanks
Where do you think is the best place to start single family home or multi
Hi Ken, any recommendations on how (technically) expenses and income could be unambiguously verified? If a seller lies, how could I verify his information? Thanks a lot.
Hi, I know that I’m not Ken, but I am going to paraphrase something that Ken states directly from his book “ABCs of Real Estate Investing”. He said that during the due diligence process after you have formed your purchase and sale agreement, you need to search through the books and records(the accounting, rent rolls, occupancy, etc) and manually search through them. The seller has all these documents. In rare cases, these documents could be fabricated (which is completely illegal), so make sure to scour the property and look for anything suspicious during your due diligence.
Thanks. never really looked at the Cape Rate from both sides. At this stage of the game, we have only looked at it from the buyer side. Also, never new that the cap rate had a cycle to it. I was wondering if there are charts that show cap rate changes over long periods of time and how it relates to stock prices, interest rates etc. for buying residential investment properties, and how long those cycle are????
Super useful information! Agreed, chasing NOI is such a gray area. Are there any ratios that you believe are better to track to gauge success quickly and easily?
Aysha Chaudhry - Property Investing I have the same question to Ken. Is 10% good or bad for example?
Hey ken! This was a very helpful information, but I was wondering if you got any video/s about investing into real estate even if I have a mortgage to pay? Or is that even possible? 😅 😂 cheers man!
Hi Irenrose! You might start with this video about investing in your 20s. th-cam.com/video/V6aasyGB_Yc/w-d-xo.html
Thanks so much for watching videos!
Yes my mothers friend asked for 25,000 to start limited partnernship in AZ in 1973 They lost it and never paid her back. So beware. We did not know what we were doing and trusted her because she was a realtor broker and her husband were rich. Not us though.
First 4 minutes, says it all. Mind-blowing.
Too bad there wasn't more details. For example, Ken's answer to the first question is for the person to go out and "find a good deal" to add their money to the investment pool. However, he teaches to only accept accredited investors. With 50 thousand only to invest, you're probably not going to qualify.
This is some great information Ken, I'm looking forward to watching more of your videos!
Thanks for the comment Rick, and for watching the video. I'll be answering more questions in future videos.
I'm new to investing from North Florida. Thanks for the ULI information. I've read a few real estate books and none mentioned the urban land institute. I do have a question though. I have looked at quite a bit of your vids and was wondering, do your ABCs of real estate talk about the renovation process because on one of your vids you were basically saying you can do renovations every 5 years on a particular property, It was also talking about cash-flow and other investors going in on a property? I asked because I was considering getting your book. Each book I read brings something different so when I heard you explain that it kinda got me thinking..maybe your book could teach me that. I know about cap rates, ROI, NOI, Etc.. but I was just curious. If you tell me yes then I will def buy your book immediately.
Hi Ken thanks for all the tips I enjoy your videos
Regards. Kit Barker
Thanks so much Christopher! I'm glad you are getting value from them.
Hi! I have a question what to do after Covid 19? Recession depression. I would love your comments for real estate.
Hi Ken, this is good advice. Do you use interest only loans? And how do you ensure the deal withstands future interest rate changes
Hi Ff Yy, thanks for watching and I'm glad you are getting something out of the videos. Every deal is pretty unique so the loan structure varies greatly. As a big picture, general rule most of our debt financing has amortizing principal. For new construction or major renovations, we could have an interest only loan for the period for the build up or renovation. I hope that helps. To protect against future interest rate changes we fix the rate, if possible and appropriate.
@@KenMcElroy thank you Ken, that makes a lot of sense. Here in London UK almost every deal has to be interest only for the numbers to make sense. Most Investors I know, invest with interest only loans. Do you think this is too risky? I am not sure what to do because I do not want to miss on extremely low interest rates. Thanks in advance.
exactly how is it work, good deal bad deal?, great info.
Hello..I ' ve just started to read your book written in 2004..Everything is explained so fluently and simple . When you know the method and have the true mindset..may be these are the same aspects...all you Ken=) do with success and ease...Briefly..Thanks a lot Mr. McElroy.
I'm glad you are finding the book helpful and I hope it helps you on your journey!
Thanks ken
Coming from San Antonio tx
Glad you found the video useful Javier. Thanks for watching.
*The* *housing* *market* *does* *seem* *a* *bit* *high* , *and* *maybe* *that* *means* *to* *continue* *to* *look* *but* *not* *put* *100%* *percent* *effort* *sifting* *through* *deals* .
I think following your return on investment numbers is the most important, and that should help you determine if you want to purchase a deal even if the market has elevated prices. I think the hardest part about real estate is not crunching the numbers, but having the *persistence* to continue looking for deals *AND* having the *patience* (disciplined mind) to not act on a bad investment just because it may feel like progress has not been made in a while.
Hi Ken, unfortunately my question left unanswered. How do you approach if there is no any historical data regarding past revenue of the property?
Hi Val. I've recorded more videos where I answer questions, which will be posted soon. As far as lack of historical data, I would say that you would need to be more cautious with the purchase price and make a note of it in the negotiations. Letting the seller know that the lack of information creates uncertainly and impacts the price. Other than that, do your best to estimate revenue based on available comparable properties both geographically and quality of the property. It is really tough though, so I understand your frustration.
Ken McElroy thanks a lot for your advice Ken! I feel I am not alone. There are some unoccupied properties in a city. I am struggling in adequate evaluation of them.
Please tell us how to buy a foreclosure property (House). I need to buy my first home. Is it beneficial to buy a foreclosure home or regular listing homes. Also, how much down payment is good to give in the beginning. Thanks
At this time? I would buy #bitcoin #silver and #gold, and hold them in an intrest baring account. Right now I'm making 10%ap on my cryptocurrency.
Starting from this video I’m going to leave comments on your videos you produce pure gold and I’m honestly glad many people aren’t subscribed to you because if everyone understood real estate with your style of investment strategy they would attack the markets like sharks
Thank you for sharing your authentic knowledge and expertise!
When seeking investers, how can I learn what interest of return do I offer them on their money and within what time frame should I project their return?
Hey Ken when you get a loan from the bank and u raise capital from investors where do you make the money
Ken man the answers you provided to the questions were so on point! THANK YOU!!
Thanks Andre! I'm glad to hear that you are finding value in the videos.
Hey Ken can you teach us how to write and present our Financial statement?
Awfully quiet let’s talk now in terms of covid
Thanks Ken! Great info as always!
Ken, how do I get the education you are referring to? Yes people write books those are typically incomplete. I appreciate the knowledge you share!
lol...juat listened to the subscription part...
You dont looke rich
Thanks for watching Mii! I'll take that as a compliment. Not too worried what others think of me, I think it is one of my strengths. I appreciate you watching and commenting.
I started reading your book and I respect you Thank you for your efforts to help people
No worries, Thanks for taking the time to read my book and watch the videos. I hope that they are helping you. It is a great quality to be trying to improve yourself. I work at it everyday.