25. Ken McElroy | Rich Dad Real Estate Advisor

Released Apr 03, 2015

There aren’t many famous real estate investors. There’s Barbara Corcoran, Donald Trump, Ted Turner, and today’s guest…Ken McElroy. Listen to this week’s show and learn: 02:00  Keith cannot think of a greater contributor to real estate investing education this generation than Ken McElroy. 04:04  Last month, Robert Kiyosaki, Ken, and Keith were in the same room when Robert dubbed Ken McElroy “The Greatest Real Estate Investor In The World Today.” 05:08  Ken began in real estate as a Seattle property manager. 08:12  RE agents often don’t own investment real estate and they try to “sell buyers on the future.” Instead, use a Property Manager to find what rents really will be.   11:30  Buy investment real estate for cash flow rather than capital gains. 13:23  “Real estate is really dumb and it moves slow.” Buy where the jobs are going to be. 15:40  How Ken looks for opportunity in a new purchase. 16:50  When Ken would want to buy a vacant four-plex rather than an occupied one. 20:18  Actionable ways to add value to multifamily properties. 25:30  How large of a property does it take for on-site property management to make sense? 27:47  How Ken beats out other offers for a property that he wants to buy. 31:28  The time and freedom that real estate investing affords Ken’s family. 32:46  The advice that today’s Ken McElroy would provide to a 20-year-old Ken McElroy.   Resources mentioned: www.KenFlix.com – Online video tutorials from Ken! www.KenMcElroy.com www.MCCompanies.com Ken McElroy’s top-selling book The ABCs of Real Estate Investing Robert Kiyosaki’s new book Second Chance Get any free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the Facebook Page at Facebook.com/GetRichEducation Now on Twitter! Follow us: @GetRichEd