How to Find Cash Flow Positive Properties in Minutes

[@wangqingyue5690]

This guy got enough money that he is happy to share his knowledge with people. Great videos!

[@4homemail]

There are a lot of people with money and do not share.

[@joshuadolan3811]

I think he truly enjoys making these vids! He’s probably completely unaware how “relatable” he is…kinda like the rise of Joe Rogan.

[@rejpipeschimneysweepservic6624]

It's nice to see real estate advice without trying to sell a course

[@enriquegonzalezortegariver4181]

Yes, Ken is a professional. He doesn´t sell, he allows you to foster the desire to buy.

[@CompanyBusinessCards]

That's why I stopped watching Grant Cardone

[@frankcarpentieri6080]

Yes it Is

[@LYSASTUDIES]

Me too, I guess kuz this one is truly

[@anh7807]

The ones who get most of their income from selling classes and youtube are entertainers, not true successful realtors.

[@grandmasshow3528]

Nice, my son did this in his 20s, now he is retired at 45 sitting back and collecting income on 11 rentals...4 are paid off....i guess he learned a little something from his mama being in Properly Management...lol.. love your videos Ken. You make it look easy.😊

[@mauromartinez3091]

Good For Him.😉 Did the same..

[@frankyre8521]

You should ask your son to make a video on how he did it !! I would definitely watch

[@CeeTee469]

Nice. Ive never thought about getting into it but now im considering. I have the equivalent of 1 000 us in 2 accounts. Gotta see what is the next step.

[@loveistheantedote1811]

All your son has is better comforts than the majority. He will NEVER own a single brick of any of those properties once the mortgage is paid. Why? Because you as his mother, gave him away/sold him into perpetual slavery to the Crown/state/vatican via the fraud b earth certificate. Anyone who accepts the NEW name given by the Gov, which is not the same calling he was given when born, will ONLY ever own NOTHING. FACT.

[@Ymcdaj]

Love istheantedote your name is love is the antidote. You failed to realize you needn’t help others before your heal yourself

[@SchnazzyVideo]

Great video. Always learn something from them. IMHO this house needed $6-8k of fixes (floor, wall, slider, yard, etc.). It sold for $90k so either they were really needing to sell or the inspection uncovered even more like foundation, sewer, mechanicals, roof. The $499 is based on owner occupied with 20% plus down and 740+ mid score. You won't get a 3.4% rate as unoccupied rental. It's probably $40 more and landlord with good liability coverage will also be more. Not sure in AZ but maybe $20-30? A PM will likely be $120 on this house. So cash flow would be $320 on a down of $22k, $5k for prepaids/closing/taxes, and lets say $7k to fix. Thats an 11.2% cash on cash for your yearly income after expense vs what you paid to buy it. Not bad. Note the house sold for $90k so it'd be even better. I'd worry about vacancies here.

[@joshuatoa8150]

You did your homework! I noticed that his 27% sounded too high. Who do you follow in KZbin?

[@gfook2929]

Thank you. That helped.

[@VictorDozalTutorials]

Yep. His 27% cash on cash is absolutely ridiculous. It's a good example to show people how to go about it, but this advice is one of the things that had me scratching my head wondering what the heck I was doing wrong when I started in my real estate investing journey. Not only does one need to consider the cost of the repairs in order to get it rented, but also the neighborhood. If this property is in a crappy neighborhood (it kinda looks like it), then the chances of getting renters who will trash your property is even greater and at that point your cash flow will be gone as soon as they move out and you need to rehab the property all over again.

[@staceyquinn9484]

Newby here. I was told if you buy a rental and own a home your income needs to be enough to qualify for both mortgages excluding the rent you are collecting. So how do you get a loan?

[@stevejava4336]

You are a good teacher. (Instructor) This coming from a guy who hated 95% of his public school teachers.

[@Mondosol]

Ken McElroy is the man. I've taken all of Ken's advice. I've jumped out my comfort zone and now I'm on target to make a million. I've even created a KZbin channel to follow my progress. I would love some support and feedback.

[@robertjohnston5772]

Ken another fantastic video, I wish I had watched this 10 years ago I would be financially sorted by now, but I am taking all of this information and using it in 2021. Many thanks Robert

[@louiskwaku8879]

Not too late sir. Things happen when they are suppose to happen. Let's hope ths housing market cool down in 2021

[@costaricap7122]

I can’t believe I found the guy to learn from! Ken, you’re going to be my go to guy from now on. Thanks a lot for a meaningful information!

[@enriquegonzalezortegariver4181]

Great super microcourse on syndication and how to achieve finantial independence starting with 0 money, hustle, hustle, hustle with intelligence (not brute force action). Your enthusiasm is contagious (oops, bad word in these pandemic times, sorry). Have a great good day! Thank so much!

[@mbhaider10]

It would be nice to work with a guy like this and learn from his knowledge and experience. He is already sharing his knowledge through videos though, not like some other people who will just scare you and ask you to take their course if they want to learn anything to save themselves financially. Thank you Ken!

[@InvestorCenter]

Cash flow is king!!!

[@joesmith-vk1nx]

I'm probably going to have to re-watch this about 5 times but I'm going to do it because this guy is genius and this kind of stuff is what this general contractor needs just to get into my first home let alone a rental home. Thank you ken.

[@shawnthiede334]

Graduating school early at the age of 21 in the fall. Cant wait to get into this stuff. Getting ready to start a career as a construction project manager. Just Finished reading your 2 books on real estate investing and am rereading them currently. Cant wait to do this on the side and build financial freedom over the course of my 20’s! Nothing but the utmost respect for you and Robert. You guys mean a lot to me for supplying this valuable info to the little guys trying to get their foot in the door. Thanks!

[@Re3iRtH]

Ken, we all know that the landlording / single family homes are not scalable. I started buying rentals about 9 yrs ago and stopped after five rental properties. Even if you're hiring a property manager you still have to manage the manager and look at statements every single month to make sure you're not being ripped off. Since 2017, I have been investing exclusively as a passive partner in syndications. I am an LP in 14 syndications right now and couldn't be happier. Returns are fantastic and the two deals that have exited returned a 34% and 22% IRR to me :)

[@Re3iRtH]

$200 out of the $400 is going to future CapEx. Count on it. Now, $200/mo. ain't going to go very far. You'll need 50 of those which is a management and accounting headache my friend.

[@jameswei4583]

Once you reach a certain number, you can start to go into multifamily properties (under 5 if you want stay residential or above 5 if you want to go commercial). One problem I have with REITs is the inherent lack of leverage. Lets face it, leverage in real estate is awesome and is probably as cheap as it gets.

[@VitaKoreneva]

The clarity and the easy to follow breakdown of your process is priceless, thank you!

[@rubenchandrasekar]

Thank you for the great content! Could you do a more detailed video on how to structure a partnership/deal with an investor? Thank you!!

[@jagerine]

Or even how you go about finding people who want to give you money for this.

[@mark-7362]

YOUR BEST VIDEO TO DATE ! The reasons for that are tangible examples of what you are teaching. You are approaching it from a beginning investors mindset and questions. Great job Ken !!

[@foconadieta]

This guy is changing my life. Thank you Ken.

[@saharsaad840]

Honestly, after watching 3 of his videos I think its a great investment to buy his book.. He is very knowledgable and passionate. It is also clear that he has a passion for sharing his ideas and what worked for him to help others. ..Also how dope is that white board?!

[@tiborvisi7438]

I've only read The ABCs of Real Estate Investing from him sofat and it is a very detailed book. Not an easy read but the point is that you have to read certain parts over and over until you got it.

[@susankrause3079]

Ken! I get such a kick out of your videos and may I just say, I soooo appreciate you not trying to sell a course. (That said if you were selling a course I would likely sign up as I have grown very confident that you are the real deal.) Please keep it up, I look forward to your videos each week.

[@Frankiep72]

Ken is dropping gems here left and right! Awesome video!!

[@TheStantonApproach]

This was the best video I have watched on this topic thus far. Thank you, Ken!

[@blizzylikesglizzy4059]

@KenMcElroy I am confused... when you calculated the cash flow on the deal you had rent for $1,200 a month, minus $100 vacancy, $500 P&I, tax, INS.., and $100 repairs. Yes that would equal a $500 monthly cashflow on the deal, but you didn't subtract the mortgage from the rent? I am trying to understand, but if there is something I am missing please inform me, I am getting into real estate but need to understand numbers on deals before I can get started.

[@keirdoubas]

You're a living legend Ken. love this video, thanks for making it.

[@melodeelucido1446]

You are so fun. I love your enthusiasm for this fun biz. Thank you

[@acctsupsvc6454]

If the rent more than two times the mortgage, why the renter doesn't think of just buying the property, that is to pay mortgage instead of paying so higher cost in rent...Rent $1,200 vs say 500, if he pays mortgage, someday he will own this premises than to be paying so much in rent, then he doesn't own a thing? I sincerely anticipate your response Ken... love the content, just started learning this stuff and I'm very excited

[@jameswei4583]

Unable to afford down payment + closing costs, bad credit, no credit, short-term stay, no stable income, undocumented income...

[@OscarLopez-sx8ij]

After buying a home you’ll realize they ask for ALOT of documentation. I have an 800+ credit score and 20% down and they STILL almost denied me a loan for an investment property (ended up securing it). If they aren’t trying to loan me money I could only imagine how hard it is for other people to get a mortgage.

[@RobertRascon87]

First video of yours I’ve seen and I’m not disappointed. Thank you Ken!

[@klearximidis]

Ken you are amazing. Simple steps and not extremely long videos. Keep it up!

[@sardoreshmuminov4026]

Thank you so much Kenny, love your work, simple and clear. Appreciate it

[@philmaz14]

Love your videos, Ken. Very honest and clear. No hype.

[@Linzaybabyguac]

First ever video I’m watching of yours, love ur energy and love the content!! Good job!

[@KenMcElroy]

Thanks so much for watching! I'm glad you got some value from it.

[@ethisrising7130]

Hey Ken great video. I love how you relate to the the properties which creates cashflow. I'm a conservative investor and it makes me feel at ease when my broker and I relate most of this and I tell him the worth of my investments with him, i work for the assets which are profitable and by so doing cash flows in. Thanks again it's a nice video.

[@liliana-dh3mw]

The best and useful video that I have found out. You just answer all my questions, Thank you

[@erikam8860]

Kenny, you are my real estate hero!

[@MichaelBordenaro]

How do you recommend handling unforseen expenses? I have a property with much larger margin than $500/mo and between all the unexpected repairs, and rising insurance costs each year, I am close to profiting nothing

[@realestatecashflowideas4188]

Cash flow is the KING

[@yrorellana6696]

Thanks ken! i've read your books on the rich Dad series and these videos ....it's the GIVE that keeps on giving!!!!!!!

[@bretlandis4425]

Awesome video Ken! Always appreciate the information you deliver. Currently reading your ABC's of real estate investing and loving it! Could you please make a video on obtaining the financing (loan) for commercial multifamily apartment complexes (16 units +)? I know it is contingent upon the properties NOI but would love to hear more detail about how I can obtain the loan, and what credentials I need for the bank to give me the loan. Thank you!

[@ianthesiow3013]

Learnt so much from Ken... This is "giving"... Thank you and appreciate. Cheers.

[@7har]

Very nice that Ben Mallah and Ken McElroy, show lots of things in real estate without the bs of a book or a course.

[@dedriccarroll2]

Can't wait to click on these videos! So informative!! Thank you so much!!

[@ScuderiaSaucedo]

Thank you Ken..please keep producing your excellent content..🤙🏽🤙🏽

[@lettymorina2200]

🙏Ken ,you are the best ,all your books and your videos are very helpful on financial education for investing and becoming financial freedom,Im on my way for freedom,good luck to all you looking on freedom too 🍀🙏🥂

[@anonymousubiquitous3295]

Excellent way to start a first property. Thanks Ken

[@TriangleTao]

An actual video with practical advice.

[@lubosimaboshe]

Wow!!! This is awesome thanks Ken..that gap is the key

[@riseyourvibration9669]

Ken, please make more videos of this kind. This is amazing!

[@soothingsound32]

FINALLY a video WITHOUT selling a course

[@amirmo6615]

I really enjoyed watching this video! Can you also make a video about different ways of raising money, finding investor, and how you earn money if someone else is paying the whole thing? I'm pretty new at this. Thanks a lot

[@TuanNguyenVan-nq7ei]

I wanna watch this video all day

[@KJCommercialGroup]

👍 Great Video Coach Ken! 🎉 I stumbled across this video and wow, I've never seen anyone explain Zillow like that! 🏡 However, paying full price for this asset would have been very risky! 😬 Your cashflow would have been a lot less than $500, let alone the property manager to manage it. 🤑 I do not have a rich uncle to give me the $22k, so I use an asset lender that will look at the asset. 💼Based on your numbers, $6k net at 8 cap, this asset is worth $75K! 💰 At the time Zillow had the property at $108K. 😱 For this example, let's say Zillow got it right, and it was actually $108K. 📈 There is no way I am paying that. 😅 I am using the discount I get for the equity spread, so I will take 70% of the value, which should be about $75k. 📊 Now that would be an 8 Cap! 👏 That would be good enough for me, but there are tons of investors that will take 8-10 cap returns. 📈 I would prefer stronger returns. 💪Anyways, Coach Ken, you did teach me something on how to use Zillow faster. Thanks! 🙌 Jai 🤗

[@douglasderainville766]

Thank you for walking the talk Ken,look forward for the next great talk.!!!

[@dankositzke8595]

Thanks Ken for taking time out of your day to make helpful videos like this one. Would you be willing to go into the process a little more deeper in a future video? For example, how would someone qualify for the mortgage loan, how to make the offer (do we just call the phone number on the listing and tell them our offer, do we have to write up a contract and email it to the seller, not sure what to do exactly), should we work with a real estate agent, the structure of the partnership with the investor who brings the down payment (when does the investor get their $22k back, do they only share the cash flow or also the equity appreciation, what happens if the investor wants their $22k back but you don’t have the money in your bank account and you don’t want to sell the property to repay the investor). I like to get into the weeds and really understand it, but I know this was an overview video and still was informative! It’s definitely motivating to see the outline of what is possible. At the same time, if there is a shortage of content ideas for future videos.. I would love to understand more of the details of this example :)

[@nickfernandez7563]

Regarding the mortgage side, if you are looking to get qualified talk to a mortgage BROKER rather than a bank or lender. Brokers have much lower interest rates than banks so your payment will ultimately be lower. Brokers also have programs for investors. If you’re self employed there are programs you can do if you have a lot of write offs on your taxes. If you’re interested in more information call a local broker. Depending on the area you’re in there could be different programs. Stay away from big corporations. Your local mom and pop shop broker is much more competitive.

[@nickfernandez7563]

DONT USE ZILLOW that’s Ken’s biggest error in this video. They are very predatory when it comes to both lending and real estate. They are actually charging buyers/borrowers much more than they should.

[@joselenindawal]

You are a great guy Ken! Thank you.

[@mannylopez7492]

You're a true Mentor Ken. Thanks for such great content!

[@Pradeep_Cool369]

Great information. How to find the correct finance person.

[@olgajimenez3713]

Thanks for sharing your knowledge, fantastic video, more of this, please.

[@najmurray1018]

Some of the most simple and easy-to-understand videos on Real Estate that I have seen on here. Thanks so much! Definitely earned a new subscriber with this.

[@okonkwocyprian9606]

Thanks Ken, I really find a great value in the video,keep up

[@douglasaugustomorenosanche2350]

What a great new, deal. I wush I could be there or at least in the EEUU. God bless you Mr Ken! Greetings from Caracas, Venezuela!

[@alain5487]

Otro Venezolano! Saludos! Caraqueño viviendo en Indianápolis 😎

[@janebarnsley5784]

Pure gold Ken! You make it sound so doable. Thank-you for showing me how.

[@UltraMaga892]

Ken, can you give me your opinion about buying rentals in the bay area? The price is ridiculously high and rent isn't high enough. The property taxes are also ridiculously high. I've looked at many different ways and I cannot find it being a positive cash flow. The reason why I still look in the bay area because it is where I live and know the area so well. It's seem to a better deal to outside California. I would love to hear from you. Thank you.

[@rafaelortiz904]

This guy is awesome person, give an advice for free, and make other make money!!!

[@anarchoflow]

Thanks Ken. All about the cash flow.

[@ricardo_tomas]

Great video and explanation as always!!

[@johnnyb33good21]

Ken and I live in Arizona. I totally get this was just an example and to explain the idea of a quick analysis. Which is great to show investors getting started But don't forget about looking at the market and location. For this example the property is in Superior,AZ which is extremely small 1 industry town hence the cheap house. Vs Phoenix MSA which has job and population growth. Which propperty is going to perform better and have higher returns with rent growth and appreciation and have lower vacancy? A one industry town with a population of 2k or PHX MSA with diverse employment and population of 5mil and one of the rapidly growing counties

[@gaelleangwafo5500]

Very helpful. Thank you!!

[@bigc3748]

Thanks for all your videos I rather learn from you that's been in this business for ever and has success, many people wont show the knowledge and I've always been one to pass on the knowledge to others, life is too short we only live once

[@jesscisgar]

You covered key topics in one video that could get anybody started. Thanks for that! Do you see it possible to talk in one of your videos how this extra income could benefit or affect your anual tax declaration (IRS), and what will be the best way to manage it?

[@christinajones6625]

Hey, Mr. Ken! I have been following you and Mrs/ Mr. Kiyosoki, for a long time now! I’m very grateful!! But I’m still, a little lost on how to give the investors back their money? How do I do that? Can you please make another video, explaining that? I will be very thankful!

[@walisantana]

Thank you Ken for what you doing

[@farhadebrahimi1931]

Very generous information

[@avishkarwalzade4321]

@Ken McElroy Sir your strategy is to get the property refinanced and then pay back the old debt and equity. So the new loan will pe paid by the rents from the tenants. But what happens if the tenants move out ? How do we pay the debt and can we get other debt for another property even when we are in one debt. ? Thanks Sir ! You're the Mozart of real estate !

[@benmemmott3399]

Get new tenants! He assumed one month/yr of vacancy.

[@andrewcheshire244]

Thanks so much Ken, planning to make some big changes in my finances this year and this video is a big encouragement to me!!!

[@look11223]

You Are such a very cool dude! it's so enjoyable than watching the other guy

[@DayanaPlays]

Been waiting on this !

[@Aye_Yo_E]

Maybe you & I could partner up

[@xbranykavala]

First of all than you Ken for every signle video you putted out there for us.I'm now 22 and i don't have the money to invest on RE but i want to.I have a question.Will the investor cooperate with you for just 250$?(let's say you split the profits 50-50)And not do this deal alone after you show him the deal?

[@xbranykavala]

@@TheMrPorter do you say that this is not a deal because of the profits?Can you explain it a bit more?Do you mean that you can't raise capital through investors?

[@YuluJam]

Great video, easy to understand and he gives you everything you need to get into real estate. Keep the videos coming 😃

[@michaelcharette8708]

You’re the best. Definitely a fan of your step by step maps to success

[@davidAIserrano]

Huge thanks man, this content is literally a key sitting on the floor when u been walking aroun with a lock in ur pocket. Still going to be PATIENT and not buy a falling knife. Would hate to buy a good deal with good return but loose all the wedge in a falling real estate market in a couple years. Or is it worth/safe to buy now if you know what ur doing like urself? Would u shy away from a deal bc of the expectation of housing crisis after the govt stops helping out..?

[@joeyluckow2490]

I'm not Ken but hope you don't mind! :) A good deal is a good deal. People who wait for the exact right perfect time never end up getting started. Definitely be more picky if you feel the market is potentially going down soon, but rents didn't drop much in the market crash. If you focus on cash flow instead of buying for appreciation, you are pretty well protected.

[@harishg7014]

This is the video I’m looking for. Thank you so much. Great knowledge in this short video.

[@theophilusahenkorahokyere993]

Great Teacher 🙏🙏🙏🙏🙏

[@dtitan1993]

What is the minimum cash flow return that makes it worth buying and worth your time? is there a good site to finding good tenants? My concern is getting burned by bad tenants if they don't pay and laws protect the renter from kicking them out.

[@W2Capitalist]

Always enjoy your level headed approach to education. Thank you Ken!

[@melanie-rembrandt]

Thanks for the great information, Ken! As usual, you get right to the point with simple tips and valuable insights anyone can use right away!

[@danarobinson6156]

Thanks for the great content Ken. Great approach to real estate investing. So many people miss these valuable points.

[@joseorellano8423]

Awesome video thank you for sharing

[@lindajennings4566]

Your my favorite person .

[@edgarguerra9412]

Yes, make sure you verify it because I can tell you that 99.9% of the time the estimated mortgage payment on zillow or any other real estate website for that matter is way off. Here is why, they calculate the taxes and insurance at a much lower rate than what they actually are. Also in some places you are required to have a windstorm insurance which is not being calculated by zillow.

[@paulbiniasz2278]

Thanks for sharing Ken! Great work!

[@derekhiggs9943]

I love the content. Since I am still learning how to analyze properties before I make my first purchase I'm wondering which things are factored into initial upfront costs. It seems like this property already described needing new flooring and you identified landscaping needs. Would that not be considered against the CoC ROI?

[@benmemmott3399]

Yes Derek, you're correct - add flooring + landscaping into your CoC ROI... this would lower your CoC ROI

[@londonshappiestbusdriver462]

@KenMcElroy, thank you for this simple yet powerful explanation. Simple because even I understood what you were teaching. Thank you.

[@Vitor108]

Hello Ken! I know you from Robert Kiyosaki Channel/Radioshow and you guys are AMAZING! Can I just ask a question that maybe other people here would also like to know... When it comes down to the deal with the investor how does it work? I mean.... an investor(s) give you 22K then let's say you agree on a 15% out of that 27%. You will be paying that 15% forever to the investors OR you give them the 15% every year until the 22K are paid back? OR do you have to pay them 22K + 15% during a certain period of time? OR anything else???? I would love to hear from you. Thank you.

[@krasimirkrastev1317]

Mr. McElroy can you reccomend other platform outside US? Another thing that I know realize is that if I do not have money for the down payment, I can take them from an investor, who is paid from the cash on cahs return.

[@juanitamccord639]

Thank you for the video, great info! I feel more confident finding my first investment property after watching this. I been looking for a RE mentor and I think I just found him!😊

[@thesofullsfamily3591]

Thank you so much. This is great information. I'm so motivated.

[@thangvo2118]

Ken - you need to go deeper with raising money. You said get investors, how/who? Then how is that money returned, how is that CF being divided up amongst the investors. This is the number #1 reason people are afraid to jump in, they don’t know how it works. Please do a video and go deeper with that topic!

[@OscarLopez-sx8ij]

I’d like to see this as well. What would motivate me to invest? I just put 30k+ down for a down payment and closing for an investment property. Seemed like a no brainer for what I can rent it out for. In what circumstance would it make sense for me to give someone else that 30k to invest when I can do it myself?

[@henriettecamara325]

I love it , well done Ken

[@Kompani90]

Great Ken!

[@elric8625]

Hi Ken :) I follow you on every platform! Was so stoked when you accepted my invite on LinkedIn, thank you so much as it served as a dose of encouragement! Love and best, from Canada, looking to "buy right"!!