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

[@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.

[@TechOutAdam]

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

[@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😂

[@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.

[@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., .

[@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 🙏🏾✌🏾

[@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.

[@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.

[@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.

[@arigutman]

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

[@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.

[@dutchcrunch91]

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

[@willbuchholtz4531]

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

[@Bryanbobber]

4 real

[@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.

[@jod5834]

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

[@sivakumararuchamy3491]

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

[@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

[@robertallenmcdowell]

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

[@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.

[@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 👍🏿

[@77magicbus]

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

[@FlipHackingRealEstate]

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

[@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

[@SigmaSam33]

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

[@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.

[@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.

[@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.

[@klausroethel5961]

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

[@julesmckenzie5821]

This was tremendously insightful! Thank you for sharing Ken 🏆

[@keithgrayson7759]

Appreciate you sharing your journey

[@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

[@UchechukwuAlbert]

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

[@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?

[@joencrypto8133]

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

[@scottkidd1969]

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

[@curlsalot91]

so thankful i find you!! Blessings man

[@Exhowraon11248]

Wow the editing on this is amazing!

[@astroboy483]

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

[@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!

[@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.

[@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.

[@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.

[@garyounrou3718]

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

[@envercito1]

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

[@konakreek3317]

Ken is the man. I’d pay Ken to work for Ken

[@JustMe-gx4xt]

I'm sure he would like to take your money. What's the hold up?

[@Jahguaar]

Knowledge and action support growth.

[@davidschaack]

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

[@jamesmcnamee529]

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

[@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.

[@cryptolatino9220]

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

[@ashog1426]

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

[@seanyounk1]

This is solid gold.

[@emlinares9587]

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

[@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).

[@maloy2316]

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

[@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. 🍻

[@sh0ck815]

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

[@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?

[@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!

[@clearviewproducts]

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

[@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. ❤

[@TyronneRatcliff]

Tons of great business advice. Thanks!

[@cryptobradley2006]

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

[@thepropertylife]

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

[@nextlife2230]

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

[@priceandpride]

Yep

[@Specialagentbryan]

Thank you Ken! Great information!

[@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.

[@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.

[@LeNguyen-im8dm]

I know how to save money, but I don’t know how to invest. I enjoy learning how people get rich.

[@inquisitivewanderer2536]

More of these solo, frank conversations please!

[@waynewoods349]

Great stuff Ken!

[@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.

[@jauntynguyen6483]

Thanks Ken! As always very informative.

[@Eden639]

Great video, thanks for sharing your knowledge and experience.

[@saasworks]

Hey thanks for your advice, i clicked because it's about the amount of personal capital i started with and i paused to write this comment when you stopped and said you needed outside capital to grow. This is where I am at in my journey :)

[@motocrazy81]

great story ! love it ! inspirational sir !

[@leahc5224]

We’ve had property for a long time and NEVER FOUND AN HONEST PROPERTY MANAGER. They were all sharks. The only thing that we could hope for is that they would be too lazy to do too many bad things.

[@JustMe-gx4xt]

I agree, most property managers are greedy and only collect rent. A pointless middleman.

[@absolutecrypto95]

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

[@skynet251]

Im a stock dividend investor and real estate is similar to this. The only difference is that dividend investing is trully passive

[@Top10TravelDestinationsKogs]

That's just 15% annual returns per year along with regular recurring investment of $25k/month. Totally doable

[@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.

[@TherealBrandonHatcher]

Great video! I started making videos about my own journey. I wish I would have listened when you said fix rates! I thought the fixed rate I had would last long enough...lesson learned.

[@JermaineThomas4050]

Block and tackle 🙌🏾🏈! - Ken McElroy

[@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.

[@jettywetty9398]

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

[@anthonyminniti17]

Great vid, my favorite you have ever done

[@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

[@willmontgomery8843]

i love the picture on the wall!

[@ElJefe360]

Excellent video!!

[@mikev4373]

I like Real Estate just fine but I prefer investing in liquid assets.

[@apophisxo4480]

So to recap, because I missed the $116K to $3 Billion part. So you jumped into property management....How? You bought real estate that cash flowed and got lucky over 20 years focusing on passive income. Then the pandemic? that just happened....You've made $3 billion since 2020? After 1 deal you were broke again??? Was that 2021 when you bought the first building? You said that people should go very slowly, but most your your money seems to have been made over 4 years!!! That's Amazing! How does one get into property management? Do you need a license? I have no way of getting into any circle of influence. If they saw me they would probably run, any suggestions?

[@ypey1]

Jet a job…😅

[@apophisxo4480]

@@ypey1 I've had a job ever since I was a teen. I've actually never been unemployed. Had a double major in university, and I've used what I've learned from every job ever since. Used to work 6 days a week, and 13 hours a day, because I believe in the American dream. That if I set my mind to something I can accomplish whatever I want. When my parents came this country they couldn't even speak English, but they always told me that the solution is always to work harder. If someone discriminates against you, the answer is always WORK HARDER. This is the greatest country in the world. Yes bad things happen, but bad things happen everywhere. I'm an idiot, but even I'm doing well here. If you have a job, a good work ethic, and even a small amount of common sense you can be very wealthy. I've made money in real estate and I'm trying to do all the right things. Maxing out my retirement plans, investing, and eating and exercising the right way. I could never have thought of all this on my own, but in America you have access to all the information and advice you need to succeed. All for free. I'm doing well. I have a 6 figure income, but to be honest, I make way more with my investments. I've forgotten what this video was about, but knowing myself, I wouldn't be putting anyone down, I was either really confused or I wanted more of an explanation, because something wasn't clear to me. I like details because making $3billion is a hell of an accomplishment, and you will never get there by just getting a job, or as you said "jetting a job." That statement went right over my head (I don't remember him saying he owned an airline?). Any way....I'm just trying to learn.

[@diceymaan]

Many hustle influencers are selling people these get-rich-quick schemes, but there's always gonna be a cost. Whether it's time, money, or something else. Many businesses fail because they never learn the craft before becoming an entrepreneur.

[@infiniti2015]

Great video. No bs

[@RidlysEmptyNetter]

Great Intel...thanks for sharing.

[@tompat9166]

Pure gold Ken, thanks a bunch.

[@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.