How I Turned $116K Into $3 Billion

[@KenMcElroy]

If you want to see the lessons I've learned from meeting 27 billionaires, click here: kzbin.info/www/bejne/iIXXYWdofZqIr6Msi=vDoLpaSLpJ7d68IK

[@48512]

Can you spare $200k

[@nsdpodcast1690]

great content ken would love to do a podcast with you one day

[@Mr_Stunna]

Please hire me in Texas

[@dropoutandretireearly1781]

What is your true realistic net worth Ken ?

[@rcthomas6925]

No cost upfront

[@KenMcElroy]

If you find value in this content, please consider sharing this video with a friend. It would really help me out and enable us to educate as many people as possible.

[@robertruschak7083]

Great content 👍🏿

[@riggidybang]

These are my favorite Ken videos - just where he is sitting across the table and dropping some of that knowledge

[@felipecervantes7881]

Knowledge that worked 20-30 years ago. Truth is, if your a millennial and or GenZ, you wont have 1/4 of the opportunity this man had during the time when the economy was in full bloom. Nothing of what he says works now.

[@edwinhunnet2666]

Being a property manager prior to owning real estates is the best position to be in in this housing game.

[@athenapaquette]

Or a lender. By being the bank and finding people the money underwriting etc you learn how to get the money and how all kinds of lenders look at it.

[@Curbalnk]

Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

[@gagnepaingilly]

Compounding effect is the best. it took me 8 years to grow my retirement fund from $0 to $100k, yet only 4 years from $100k to $200k.

[@sommersalt88]

Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.

[@sommersalt88]

Yes indeed.... *Jennifer Leigh Hickman* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

[@thepawfectpuppies]

Sooo true my mother in law died 2 years ago and left a little over $100k invested in a trust for my husband that came from the sell of her house plus some small assets and the interest is so much and are withdraw rate monthly is only 1.5%($1500/mos) and we still have a min of $10k at the end of the year to roll over. Every year goes up a tad to meet inflation and he’s never allowed to touch the original $100k. If people just realize it’s possible and all gravy baby after $100k. And to the people that say oh your privilege. He’s really not he’s never been given a hand out or anything else by his family. He’s a wounded warrior that also works 3 firefighter full time jobs to support us. So I can be a trad wife and stay home with the kids.

[@raider5787]

​@@sommersalt88😂

[@robinjackson7540]

2:28- thank you for highlighting Ken. This is what a lot of people, myself included get caught up in, and mistake it for achievement. That loop of “busyness” is constant and it will never change unless you scale up and or invest your earnings 🙏🏾✌🏾

[@walterperu68]

I have been working for two real estate investors here in Oregon for the last 17 years. At the beginning of last year I purchased an 8 plex with a partner with an average rent of $830 a month. I remodeled all the units and moved in new tenants and current rents are now $1550. I was able to do this because of my experience managing other people’s assets.

[@remodelassets6523]

Well done fellow Investor 💯🏠🏘️🏚️

[@Sarahsmydog]

Honestly, doubling your rent on a value add deal is definitely not normal, it’s absolutely likely that market conditions propelled that rent growth far beyond what it would have normally been.

[@ElvishShellfish]

thank you for removing affordable units from the market and renting those same units at nearly double the price. you have removed housing from a market made of people who really need it.

[@walterperu68]

Go pick a fight with institutional investors and Jerome Powell, and not with a blue-collar worker that’s trying to feed his family.

[@Sarahsmydog]

@@walterperu68 you’re not a “blue collar” worker trying to feed his family. By your own admission you’re very happy about what you did and it’s entirely abnormal to double rent on a value add program like this.

[@Rita-vd2tx]

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last 4months of 2023

[@Rita-vd2tx]

I don't comfortably throw recommendations around on the internet, thanks Amelia Jason . God, she's brilliant! I'm sure there are others who are good also that excel in the field

[@Starkham]

Woah for real ? I'm so excited. Her strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started

[@Rita-vd2tx]

she's mostly on Telegrams, using the user name.

[@Rita-vd2tx]

@AmeliaJason11..’

[@Rita-vd2tx]

When sending her a message do ensure she’s VERIFIED” cause a lot of imposters out there., .

[@Danny-fs1hk]

I met Ken in Arizona back in 2001 at one of Robert’s 3 Day events. Don’t let Ken fool you. He killed it on stage.

[@priceandpride]

Don’t let Ken fool you. Period.

[@elina6519]

Being in real estate is like fixing alot of problems and making it to bea the best so that you business can be more successful.

[@johnsonmerry5956]

Yeah is a wise man, to become an real investor one have to get a mentor and adviser too.

[@idownadesanya-bw9px]

This is a business that need money to get started without money you can get into real estate.

[@michaelking4490]

​@@idownadesanya-bw9pxthat's true without money some can't go into real estate, someone have to make money first before going into it

[@blinkenjoshua-xr9ub]

​@@michaelking4490You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.

[@jesdelighted7458]

yeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.

[@TechOutAdam]

Ken is an absolute mastermind. The only person I listen to about real estate.

[@NicholasBall130]

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.

[@TylerJamestown]

You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@StacieBMui]

That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

[@LiaStrings]

I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.

[@StacieBMui]

Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@grego6278]

Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon. I plan to start the year on a strong financial note.

[@EagleEyeSaintMind]

Inspiring Ken ! Learning a lot from you ! Keep sharing your learnings ,secrets and success stories!

[@newsoundacoustics7973]

Man so glad I found this guy. I love how real he keeps it. Hope I can meet him one day and shake his hand. I'm inspired.

[@athenapaquette]

He's way more down to earth then the videos w his wife a little too high level and fake/orchestrated. This is awesome. A gift.

[@jod5834]

thanks! Love the format of the video, you talking directly to us about your experiences in RE!

[@loftonsports]

Thanks!

[@arigutman]

Very informative video, thank you for sharing your insights. Would love to have you on Masters of the Market.

[@dutchcrunch91]

I’ve been doing commercial property management for about 15 years. It’s a grind. Nothing glamorous. Definitely not get rich quick.

[@SigmaSam33]

"It's a busyness" - Ken Mc Elroy. Well said. I owned a logistics busyness. 😂

[@lubosimaboshe]

Ken is right 👍 learning how to run real estate takes time but if you keep going you will understand it. And become very rich. It takes time that's why you have to start small to grow your confidence to do bigger deals. Jumping in is not always the best solution, doing it slow, and creating deal networks is more wise. Great video.

[@worldwideachievers1234]

Hey Ken when will your new books on CPA, investing and managing be available? You spoke about it on the video “Full Day of a $2 Billionaire”. Excellent video btw. Great humility and insight on your experience. People love stories and this is one.

[@willbuchholtz4531]

This guy is the real deal. I love how real he is

[@Bryanbobber]

4 real

[@jacquesdutoitpvt]

🎯 Key points for quick navigation: 00:00 *🏢 Importance of Operations in Property Management* - Understanding operational aspects and problem-solving before property purchase is crucial 01:09 *💰 Importance of Generating Passive Income* - Focusing on passive income through real estate for long-term financial success 05:17 *🤝 Building Relationships for Investment Opportunities* - Leveraging relationships and networking with diverse professionals for investment opportunities 20:58 *💼 Delegating tasks for scaling a business* - Delegate tasks effectively, hire for admin work, and focus on critical company growth activities. 22:46 *📈 Focus on revenue-generating activities* - Concentrate on revenue-related tasks and prioritize activities driving financial goals. Made with HARPA AI

[@FlipHackingRealEstate]

I was so excited when i saw that you dropped this title! Let’s goooo!

[@leadgenjay]

Ken's emphasis on the importance of operations and methodical growth is spot on. A key tactic for real estate entrepreneurs is to leverage predictive analytics for market trends, which can significantly enhance foresight and strategic positioning. Always stay informed on local economic indicators to make smarter investment choices.

[@billm5758]

"Sales solves everything "!! Awesome truth! You can grow a business on the expense side of a ledger, but you sure can growing revenue...then manage the expenses

[@77magicbus]

Great story and wise counsel. You did it and deserve all your wealth. Freedom is precious.

[@curlsalot91]

so thankful i find you!! Blessings man

[@klausroethel5961]

Thank you for your direct and very kind presentation 🙏 I love the COIN analogy ! Three sides !! I’ll never forget it !

[@andyong6108]

Great advice from Ken his always down to earth 😊

[@julesmckenzie5821]

This was tremendously insightful! Thank you for sharing Ken 🏆

[@UchechukwuAlbert]

I really am happy that I came across your post. Thank you sir. I'm so inspired

[@Cashflowsavage]

I’m 45 and finally at a point where my real estate works so hard that it feeds itself meaning snowball effect it makes money that I can save and find the next deal

[@keithgrayson7759]

Appreciate you sharing your journey

[@garyounrou3718]

Very interesting and knowledgeable video. Just sign up for your channel, hopefully will learn a lot from you.

[@robertallenmcdowell]

I did OJT working for a family owned self-storage company. Best training I ever got paid to learn.

[@wesdhill]

Ken is the real deal and we are fortunate to learn from him. Learning how to managed real estate assets before you ever invest or before you raise money is an oustanding plan. I started in property management too and have followed the same plan, albiet much less asset value than Ken.

[@alexjones28]

I'm currently reading your book the ABCs of real estate investing. Can't wait to get my first property

[@jeran881]

Good video. I still don't know how you did it. Mostly I heard you found the right people at the right time.

[@Exhowraon11248]

Wow the editing on this is amazing!

[@astroboy483]

You’re the editor, I take it. But, yes, good editing.

[@motocrazy81]

great story ! love it ! inspirational sir !

[@jamesmcnamee529]

Great listen! Keep up the content, even if its simple stories like this Ken.

[@JagtarShergillPodcast]

I believe you and read your book about How to buy your first Rental property. Then I bought my home in May 2021 to live, and then in June 2023, I bought my first rental property as per your guidance . Thank you for sharing your experience and knowledge

[@BigRyGuy]

Ken, so when is the perfect time to jump into real estate. So many opinions our there….with for interest rates to come down….Wait for housing prices to dump….Come up with more down payment to ensure cash flow. Some day you have “pull the trigger” but when is the best time?

[@TyronneRatcliff]

Tons of great business advice. Thanks!

[@Eden639]

Great video, thanks for sharing your knowledge and experience.

[@Jahguaar]

Knowledge and action support growth.

[@peterzeller5736]

Ken is the real deal. He isn't trying to sell you a course or some get rich quick scheme. THis guy has done it and knows when and where to call BS. I'm 28, own a primary home and one airbnb property that I used a HELOC to purchase. I work a regular 8-5 desk job. I could never dream of getting to where Ken is but I would love to buy a couple more properties and genearte positive cash flow into my later years. These videos help. Thank you Ken.

[@sh0ck815]

I really like your approach to management, thank you for your insight

[@jauntynguyen6483]

Thanks Ken! As always very informative.

[@davidschaack]

Thank you so much!! What is your “buy box”?

[@joencrypto8133]

At around 14:30 is probably the message that I will forever remember and share with others.

[@seanyounk1]

This is solid gold.

[@brandonrobertson1696]

Now release a video telling us how to turn 0$ into 110k$.

[@jaygold4467]

Exactly. I wanna hear that story.

[@natlovell122]

Get into sales, I got into medical sales a year and a half ago. I was making about $70k a year prior. This year I’ve made $90k in 5 months.

[@christobar]

Hard work.

[@jaygold4467]

@@christobar Hard work just gets you more hard work. The wealthy must pay their taxes.

[@NEXTLEVELHEALTHwithTim]

What do you feel about real estate pricing today? It’s a lot different that it was 20-30 years ago. Is it still the best investment?

[@clearviewproducts]

Awesome advice and thank you for posting this. Great content ken

[@envercito1]

Thanks Ken, you’ve inspired me that I can achieve my goals with hard work and dedication.

[@thepropertylife]

I love your videos. You are the best of the best. Thank you for what you do.

[@jettywetty9398]

I love ❤️ Your Content Ken & I’m 28 I also like Everything Finance.

[@waynewoods349]

Great stuff Ken!

[@nextlife2230]

Was the 96M is Nashville? Sounds like the Bellevue property that’s in trouble.

[@priceandpride]

Yep

[@anthonyminniti17]

Great vid, my favorite you have ever done

[@AvgJoeCda]

Great Intel...thanks for sharing.

[@renatosureal]

Thanks for sharing your story ... needless to say I wanted to learn more about _Leonard Litwin_ who I've never heard of (for obvious reasons). Interesting real state professional.

[@ashog1426]

I am going to really start looking into my first multi unit here soon mostly thanks to you.

[@maloy2316]

How do you structure a deal like that with investors? How do you approach them?

[@maxthehumandog]

Been following you for a while. Thank you for your videos

[@Specialagentbryan]

Thank you Ken! Great information!

[@dustinmaherfitness]

Thanks for this video. I love your start out slow recommendation. I started in commercial real estate 2 years ago, bought about 20M worth and most have been amazing but a couple smaller properties have been challenging including having to fire our property management company for our 112 br apartments and my wife and I are now managing it. We have turned it around and added a million in value in less than a year (30k/month revenue to 44k) but it wasn’t without a lot of pain and stress. PM isn’t for the faint of heart!

[@maxt1617]

Regarding being an operator first and an owner/investor later... damn right. Same in equities; it's been such an advantage to know how business operate first and how bad 'negative news' actually is... and then become an investor (in cheap, downtrodden stocks). Too many investors or city analysts, and they don't know how a business actually operates, only what the outputs look like (accounts, presentations).

[@jwalk937]

I'm 38 like you I own a triplex and prepping to purchase a quadplex house hacking I love it but as I look at the vets in our area and they seem to have too much and are stressed or just unattached with their assets is it better to have 4 solid multifamily properties then 40-50 mediocre/ decrepit ones.

[@theodoroseidler7072]

Excellent video. I'd love to get Ken as my mentor. As a doctor and a real estate owner, I would really love his mentoring.

[@matthewjames1172]

kenny mac droppin' knowledge bombs.

[@athenapaquette]

These videos are much better than the ones w his wife. This is the mindset. Check out the 5 mist important books ones too. ❤

[@cryptolatino9220]

Great content. The only suggestion is to work on higher volumen on the audio. Thanks.

[@scottkidd1969]

Great advice on learning and taking it slow. I wish I would have done this many times in my life.

[@ronkeobaro1647]

Mr Ken🙏 Thx for sharing!

[@castlerc]

Amazing wisdom Ken. I sent a few videos to my 16 year old son. He’s been selling candy and soda to his classmates in middle school. He just started buying soda machines and fixing them. Started an LLC and is trying to place them. I’m 54 with 8 sf rentals and retired. Going to cruise the Bahamas and Caribbean soon in my boat. My question to you is when are you planning on retiring. Just curious. 🍻

[@infiniti2015]

Great video. No bs

[@ElJefe360]

Excellent video!!

[@jerrybillionss7693]

Thank you so much for this ken

[@dropoutandretireearly1781]

What is your true realistic net worth Ken ?

[@ypey1]

Great talk!i love it, this realy helps me i must say…. Thanks man

[@haveascottyday1405]

I wish I could find someone to manage my properties as well as I used to before a job, 4 young kids, and 3 other companies (I've always had the same day job). Any suggestions? I've gone through multiple management companies and NOBODY was even close to matching my abilities. I've got about 65 LTRs in SWMI and frankly, I am contemplating selling everything. There's only so much time in a day and after hiring these companies, revenues fall and costs skyrocket to the point I'd rather take the $$$ and place it into the stock market to have zero work and no headaches. It's so disappointing to have these thoughts after all the years of work to get things to this point. The comment "one big flip" really resonated with me. That's what I feel like right now as a 36 year old.

[@emlinares9587]

Timeless advice. Experience is priceless... (almost)

[@liambryan233]

I’m 40 and broke. Where do I start?

[@niels.ae4301]

You are a wise man, thanks for the great advice ❤

[@tompat9166]

Pure gold Ken, thanks a bunch.

[@joshs2733]

Good afternoon Ken, love your show. I know you are busy, but can I ask what recent construction costs (per square foot or per unit) you have seen for small infill apartments in your market? 5-10 unit 2-3 story buildings. I know that is an extremely open-ended question, but if you have any cost numbers at all I would appreciate it. I am a commercial appraiser that is asked by banks to put an insurance value on existing buildings. So, if I appraise an apartment complex for market value, they would also like a replacement value on each building, not constructing all buildings at the same time. Sadly, there is minimal single buildings being constructed in my market. So, can I ask if you have done any new small apartment complexes, or heard recent construction prices? Thank you for your time, Josh Stroeb

[@christianick]

Thank you, thank you for sharing your journey. Question about the 1031 exchange - Is it true that it only delays the tax penalty? When you mentioned it at the 15 min mark, I started getting curious to understand the broader strategy in case there is additional wisdom beyond "never sell".

[@storyandasong]

Some people hold until they get into lower tax bracket (retirement) or put into a trust to pass to offsprings upon death at a step up basis.

[@cryptobradley2006]

Just listen to this 10 times in in 3 days !!

[@RagnarLothbrok2222]

Very inspiring Ken!

[@nidhijhawer756]

Hey Ken, great information! I dont want to be the one pointing out flaws but the audio sounds too quiet. I had to grab my headphones to not let my ambient noise cover your voice. Thank you.

[@JermaineThomas4050]

Block and tackle 🙌🏾🏈! - Ken McElroy

[@JDKoosRacing]

Wow, thank you for sharing this with so much detail. 15 minutes of content and discussion that is more meaty than most books. I’m 39 and have grown net worth a lot since 23 when I started saving, and after 15 years in IT I started my own real estate business two years ago. What you said here is definitely my goal for the future!

[@alainmallette8479]

Hey Ken! You are providing great content for us to learn from the best in the business like you. I have a friend that wants to start in real estate in Canada with no cash upfront and not with a great credit. He is extremely motivated to learn and work hard. Is their possibilities to find money and deals or this dream is not realistic? Thank you.

[@willmontgomery8843]

i love the picture on the wall!

[@kakmcloughlin1927]

This was excellent Ken. You are such a great teacher and I always wondered about your story. I'm on the edge of the diving board looking down into the water. I see the numbers 2008 floating around at the bottom. I won't lie I'm scared.

[@tressacramer9192]

I appreciate your wisdom. Thank you for sharing it.

[@NWONG-qk2lt]

I learnt the real estate investing from u folks especially using debt as the asset. I am an architect developer. I am quietly doing what I am doing without bragging to anyone.