Acquiring Property - Things to Look For and What You Should Know

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Join Ken McElroy and MC Companies' Director of Acquisitions, Bobby Bull, as they discuss everything about acquiring properties, including topics about value add, why location is so important, and critical things to look for when evaluating a property.
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⏰ Timestamps ⏰:
0:00 Introduction
0:30 Bobby's role at MC Companies
5:02 What does a typical acquisitions person do?
6:12 Acquiring a property & looking for deals in Dallas, Texas
11:14 Why is location so important?
14:47 What can people do to improve value add?
18:45 Physical conditions to look for in properties
24:02 More available on the premium site!
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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's company: mccompaniesinvest.com/
#kenmcelroy #realestate #acquisitions

[@CaseyBurnsInvesting]

Most channels click bait. Ken provides real value and talks to real professionals. Loving it.

[@OscarTorresWork]

I agree 100%

[@josiahhein6036]

You're everywhere man! Lol.

[@NhuNguyen-uu7se]

Wishing you a blessing year Mr. MCElroy. Thank you for sharing all gold knowledge. I appreciate you

[@Marc-uw4lw]

Love this channel. Thanks so much Ken. So valuable!

[@marv_os]

Such a valuable conversation, full of information and wisdom. So thankful to be a fly on the wall for these exchanges!

[@Melbourne_confidential]

New to Ken’s content, liking it already. Looking forward to a deep dive!

[@kimm8821]

What a great video! Lots of important informations that we may think are basic but are the most important part of saving money in a deal! Thank you again to both of you great guys 🌸

[@harryhunter7872]

As usual, very well done. It’s amazing how the exterior appearance will sell the potential tenants prior to the seeing the actual unit.

[@philmaz14]

Love your content. Thanks Ken!

[@miguelbertonatti]

Loved the talk. I learned so much

[@LivingOffRentals]

Great video, Ken! Looking forward to future ones.

[@rifleman42051]

Content behind Ken's you tube channel is top notch between him and Kevin I've learned so much!!!

[@RaininGame]

Great video. Very informative. Thank you.

[@michaeleaston547]

Great information. Thank you.

[@remodelassets6523]

Great listen Thanks Fellas! Many facets to this business but worth it..

[@popularmusicc8182]

Every bit of your content is helpful to me because you talk from experience

[@OscarTorresWork]

Thank you Ken You're the Best!

[@BigRyGuy]

This is fantastic advice. Thanks Ken.

[@cityparkproperties7001]

I’ve been in sales for years and my best sales seemed to “fall into my lap” even though I was aggressively pursing/ prospecting potential clients. So like he says timing (and “luck”) has a big impact on your success. You have to keep grinding regardless.

[@Sinahdlngs]

Great content!

[@shemronmathieson7478]

Very informative Ken is a real real estate guy and also bobby..

[@amirlama4884]

Bobby was great to listen today.

[@realestatebyPIA]

Great Content. Thanks

[@marcuslane3]

Great information

[@roseculmer6215]

Great video 👍🏼👍🏼👍🏼

[@brendonmccarthy8233]

Great value. These same principles can apply to single unit rentals as a small time investor

[@avila7739]

Hahah the dinners glasses of wines, and sporting events are all funn good stuff 🙌😊

[@TechOutAdam]

Bobby must be a hell of a salesman and negotiator. I was Acquisitions for two companies in SFR and it’s a grind. You MUST know how to get deals. It’s all talking to people and timing. Much respect to Bobby!

[@madshane123]

Omg so much info into one video, not to scare you but keep you informed... 🤫🧨

[@satishiyer4867]

Hey Ken and Bobby, This was a great retrospective on the deal in Dallas TX! Now, when you guys miss out on deals like this, do you get together and 'post-mortem' all events leading up to the missed opportunity and see if there was anything to be learnt/improved upon for next time? If so, I'd love to hear what you guys discussed regarding this particular deal...

[@christopherbarker976]

Hi Ken another great video can you suggest which of Buckminster Fullers books would be good to read first you and Robert speak about him Many thanks. Christopher Barker

[@UnitedViral]

You should make a video on how to structure private lending from the standpoint of the borrower. Talk about what you think would be a good deal for the borrower and several scenarios when it comes to purchasing real estate.

[@JohnnyBlaze357]

Hi Ken,, do you guy's consider installing security camera systems say in common areas as a value add to the properties you own?

[@baetis1539]

I’ve been a commercial broker forever..............this is good content folks!

[@brettmann6677]

Hey ken does the net cash flow per door actually come into play when acquiring your properties. Is there a certain number you shoot for per door?

[@frankli7848]

lots of information

[@fromsanfrancisco1]

Great videos. thank you. I wish they were made shorter.

[@djpromethazinecayenne9359]

Ken McElroy! ! Can you make a video on buying Real Estate in Canada???? Everything is always based on buy property in the U.S.A, BUT WHAT ABOUT CANADA!!!!

[@jayaay3539]

Ken, Kenny, kenmister!

[@clarisndoro-mashingaidze3486]

Ken do you also work with Saleperson cause I would like to work with you .lm in Las Vegas area .l have learned a lot from your channel.

[@devanshsingh2458]

Ken will u make a video on how this all started like what was your first deal, how u arranged the money and stuff and who set u up on this path of buying assests, it was like Donald Trump who's father was already a millionaire, he taught him everything or it was like kiyosaki who got mentorship...would love to see a video on your personal life....✌🏻

[@JourneyMan86]

Would love to hear about the first deal too.

[@bouncingdude]

Oh how I wish I could have you as my mentor even if it's just for a little bit. I would be a sponge.

[@stargazer5073]

What's up with AZ, Robert K. is there as well? Cheap taxes????

[@xteric1]

what are "catwalks" around the property?

[@mandyrose5822]

I'd like to know where I can purchase $600 for washer plus dryer 🤔

[@andyholmes6026]

Didn’t know you had a premium site Ken, how do I access it, Thanks

[@KenMcElroy]

Yep! You can access exclusive live streams, bonus content, and more. Here's the link: kenmcelroy.com/membership-account/membership-levels/

[@andyholmes6026]

Great, appreciate the excellent content. Andy from the UK

[@janietram]

Love how he say, Hi Bobby! At the beginning.

[@Grandpa_Boxer]

Hey Ken: Contrary to what you said about home prices at the end of 2020, Denver prices continue to 'SKYROCKET'--!!! $400k for a starter you wouldn't put your dog in.

[@craigpeterson6054]

Hey Ken! Great job as usual. I have a finance question. I own 2 duplexes side by side different parcel numbers. I have approximately$300k equity. One is owner occupied and one is investment property. I don't have any regular W2 income. I live off the cash flow of these properties. Is there any way to tap into my equity and get financing, blanket mortgage or any product? I want to buy more rentals but am equity rich but cash poor...any ideas anyone? Thank you in advance.

[@shockwave44]

Enable a home equity line of credit to pull funds out against your equity.

[@gregwood7120]

ken, just for fun can you interview your kids, and let them explain what they are up to , and how you have influenced their decisions. it would be great to see how someone with cash flow knowledge influence the next generation and what the next generation thinks of when it comes to investing. that would be very interesting

[@sunoveristambul]

Bobby is the secret sauce

[@77reyles]

😳😵 😄 I Wanna hear the Next conversation.

[@davidr4523]

Business must be good based on that smile on Bobby Bull's face. Just curious why Bobby never worked for his dad.

[@zorgee]

You can tell when people know what they are talking about

[@SeemsFutileNow]

Who on this Earth buys a Remainderman's interest in a life Estate???? Please answer this question

[@Maria___28]

You would only do this for estate planning purposes. No one would buy a remainderman. For example, my widowed mother is getting older. She owns her own home. (My father and mother purchased this home together and paid off the debt). She could transfer title as follows: She will keep a life estate in the house and put her children as remainderman. If she ever get Alzheimer's or dementia and needs to go into a nursing home the state cannot force her to sell her house to help pay for her care because she only owns a life estate in it. So the state cannot touch her house and force her to sell it to pay cost of her nursing home care if her insurance is not enough. Her children will get the house when she dies. There are more detailed rules but this is just a simple example. It's basically a way to shield your home from the state.

[@dexterteach1682]

Whoa too many advertisements!

[@sebastiantrigo3147]

Dont stop making videos🥲

[@ritad6703]

Less about ypu. More info

[@marykgarciapalacios5981]

Its so sad , how these guys get richer and richer buying all the houses in the market making a bubble for regular families that cannot buy anymore!!

[@neutralsportsfan17]

The worst part is the tax loopholes that the government hands them that are nearly 100 years old and never updated. However, real estate investors have destroyed housing markets across the world. You either play the game or get played.