How to become a MILLIONAIRE through Real Estate (for beginners)
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- Опубликовано: 31 окт 2024
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Ken McElroy is a real estate mogul with billions of dollars in real estate assets. It seems unattainable, but it's entirely possible for you to do the same thing. How do you do it? Join Ken McElroy and Danille in a discussion about how YOU can get millions through real estate investing.
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ABOUT KEN:
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.
With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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#kenmcelroy #realestate #realestateinvesting
I’m watching this 7 months later, inflation is headed to 10%. I borrowed for my first rental, at less than 4%. So glad I got in when I did. Ken, your content is amazing! Thank you so much for educating us all!
Who does not want to be Ken McElroy? For a guy who even admits himself that he has average intelligence what he has accomplished is truly impressive. Several factors have worked out well for Ken
1. Likable and honest guy. Hard worker who seems to live below his means. Except for the jet plane he is buying.
2. Was fortunate to be early in the booming Phoenix market.
3. Made great connections with his partner Ross and Robert Kiyosaki.
4. Brilliant decision to write a book before the days of RUclips. He established great credibility for himself.
Thanks for answering my question!!! I feel semi famous hearing my name. Lol. Can’t wait to learn more!!!! You guys are awesome!!!
Thanks for mentioning me at the end. Happy Holidays..
Nice! I'm 28 so I'm a little jealous as to the interview lol. USMC vet 3 properties, just sold one in San Diego. From party punk to middle class investor. Thanks for the amazing content and humbleness to teach us young bucks.
Great Podcast! Learning a lot from you guys and I'm looking forward to the Webinar. Best!!
Thank you for all this helpful information. Can you make a video on how to successfully manage your properties to produce consisting cash flow. Thanks
8:15 Ken - YES you can get leverage on the stock (and it is not a good thing!) stock retail investors commonly get 100 to 200% leverage through broker (say Etrade) but the main difference is a HUUUGE risk of a margin call 🙀. When stock goes down broker can ask for money at any time. You don’t have margin calls I real estate !!! 🤜🏼🤛🏼🙃
lots of respect for ur knowledge and willing to share it -
You guys are my favorite teachers you really get into details and I love the questions she asks she is really smart
Got a perfect score on the quiz!
What's up ken, danielle? Awesome show; really appreciate your content! Thank you
Can leverage stocks...borrow on margin...alternatively buy/sell stock options. Just saying...
Hit the Like button darn it!…lol I think that’s what Danille was saying lol. I hit it… Thank you both for such a great episode!!
perfect score first try
Ken - you are 1000 % right as always. Take that $500,000 house for $100,000 and let someone else pay it off and you get the tax benefits. That is a pure 5 times return. 500% plus!
Love the value y’all provide 🙌🏻👍🏻
Always great content! Thank you!
Thanks for sharing. I have accomplished what they are preaching. Real estate if bought at the right price with the right cash flows is insanely profitable.
How much is enough? For many people the answer is "all of it". The international bankers want it all. Balance is something to know about. Everyone is a genius when rates are falling and own assets like stocks, bonds, real estate. What about if real states go up to 18% as it did in 1970's or markets crash 80% as they did in 1929? Easy to be an investor when it is all going right. Dollar has been debased 97% from 1971 to 2021. Keep balance.
Liked the video but the last statement of “like the video damnit” sold me! Super informative thanks guys!
Pay all cash to get the deal and then refi it! 25 min in.
Button up the sale amd more in escrow
Very informative, thank you
Love u guys
Thank you for sharing. Do you have a podcast app?
:D
podcast is real estate strategies with ken mcelroy
I am wondering if this channel is holding back info more than the BP channel with David G.
I could be wrong.
OK on the like button! I liked the vid!
superb content!
Infinite returns
We are new subscribers here, AWESOME STUFF !
Welcome Jen and Stacy!!! Love u guys. I have been following Ken MCELROY and Danielle for about 10 mos now, as well as you guys!!! Additionally following Robert Kiyosaki is where I started my REI journey, which lead me to Ken and then you guys!!!! 🙏😘💕
buy low sell high
Always great content, learning towards my personal goals 💸💸🚀🙏🏼
Inflation in my opinion is 12 to 15 percent
Awesome video!
Still don't understand how property is purchased with no money down. All real estate investors I've spoken with always say 20-25% must be put down on rental property. I'm clearly missing something.
if you house hack you can put a much lower percentage down. Also, you can raise the money for the downpayment from other epople.
If you own a home, and you refinance and take out some cash to use as a down payment, that's basically zero down as well.
There is no such thing as no money down on rental property...Unless you hit a streak of luck that exist once a hundred years
I recently sold two homes on a 1031 tax exchange and bought 80acres with a house which I divided up into 8 parcels I will be selling. I'd like to do another 1031 tax exchange on these 8 to buy 160 acres. I am running into concerns about the time frame I have to do this 1031 do you have any tips or tricks to help me. Also, do you think commercial is safer than land purchases?
Oh... I've been tuning into this channel for about a year and didn't realize that these two were married.
😂😂 how
@V&V TV They just married a few weeks ago.
News to me too
What really
@@dianadorantes5373 how do u knoe
Ken, Do you have any opinion about to buy cash houses in Detroit ?
Ken how can a small guy start out and go to commercial Apts? Do you offer mentorship?
You Americans don't realise how lucky you are tax wise. In the UK your mortgage cost is taxable and if you buy a second property you pay a total of 6% duty on the house value. 😱
How all of you doing investment in Real Estates?
As an company or like private person, or like Self-employed or solo trader? How ? What is the best way ,to register your Income/Expenses/Profit for about revenue tax office. ?
Why did you change your position about the real state before you said that the price will go down 🤔
Anyone know the name of the protecting your assets book? I see a few but not sure which one he's referring to
One of them is "loopholes of Real Estate" written by Garret Sutton who is part of Ken & Robert team. Awesome book which is also on audible...
what happen with translate of youtube
I have been trying to join Premium but I can't seem to get in. Called your office since last week
Damn....I don't understand anything! Can anyone help me?
margin accounts for leveraging stocks
No subtitles 😨
What plane are you buying? Need a pilot? :)
was this the guy who always comes out in khris kron videos?
What do you mean tax free income?
Real estate income is "cash flow" not income. Cash flow is not taxable...income is taxable.
Im dirt poor i have no income but im very rich compared to average person in USA and around the world
And people wonder why they cannot afford houses ... haha with people promoting crap like this .... haha ... selling fees are hard costs that keep adding up each time a house sells 15,000 times the amount of times the house has sold ....then the profiting....
It's all speculation if you are in dollars. Interest rates down for forty years. Everyone in stocks, bonds, real estate, government pensions is a genius all dependent on the death and destruction of the US dollar since 1971. Too many people making free money, not really working, just speculation. I am a millionaire in real estate. It is really currency speculation. To me, ideal job, but keeping it is harder than earning it. Protect yourself. My Uncle was a millionaire twice, losing it to divorce.
Says 50k a year I don't know how any one can live on that lol
Few know what minimum wage is.
First
You really can’t live on 50000
Amazing video!