If you’ve tried to buy a house recently, you know how stiff the competition is to get your foot in the door. With bidding wars, all cash offers, and homes going into escrow almost the instant that a “for sale” sign gets placed on the front lawn, buyers have been acting with lightning speed. In…...
College towns offer excellent investment opportunities, but a lot of investors are apprehensive about the thought of college students as tenants. While it’s true that college students aren’t necessarily the tidiest demographic, the fear of out-of-control college students isn’t a reason to overlook an opportunity for a cash-flowing investment.
Former president Ronald Reagan once remarked, “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” While there’s a fair amount of hyperbole in that statement, the comparison of inflation to a robber is an apt one. As a market force, inflation can and will devalue…...
McElroy, Danille, and Joseph Chantry (@your_first_million) on his journey to a high net worthwhile keeping himself grounded with a 9-5.
What is Freedom Really? I hope you had a great 4th of July. I want to dive into what freedom means to you this holiday weekend. I think as Americans we toss around the word free, but never really unpack what it means to be free. Sure we have liberties in this country, but working […]
I have been discussing where you should invest quite a bit lately, but what I haven’t touched on are the cities I feel are the worst to be investing in right now. The reasons I don’t recommend investing in these cities are all unique but important. It may be people are moving out, or the […]
Arizona’s Director of Housing, Tom Simplot Can America’s homeless crisis be solved? What can the government and local real estate investors do to provide affordable housing to those in need, especially after this pandemic? Join Ken McElroy and the Arizona Director of the Department of Housing, Tom Simplot, as they discuss Governor Ducey’s appointment to […]
Just starting out in real estate investing? Join Ken Mcelroy and Marko of Whiteboard Finance in a discussion on debt, financing, and the various ways that you can set yourself up for financial success in 2021. Ken McElroy:Hey everybody. It’s Ken. I’m really excited to have my friend Marko here with the white board finance […]
If you’ve been watching me for any length of time, you know I believe the government has built a dam and the water is about to start pouring over the edge. We have homeowners in forbearance, tenants months behind on rent, businesses applying for PPP money, and unemployment at a record high, but we are […]
Atlanta, Georgia, is a city that has been attracting new residents in droves while longtime residents are staying put. Currently, Atlanta is one of the five fastest growing big cities in the United States. In 2020 alone, the population grew by 1.6%. Like other big cities boasting warmer weather, Atlanta saw an influx of people…...
To join Ken McElroy’s Newsletter, follow this link: http://legacy.kenmcelroy.com/news — Join Ken McElroy and Nomad Capitalist founder, Andrew Henderson, in a discussion about their experiences with starting real estate investments outside of the US, things to look out for, and the best countries to get yourself started. Check out the Nomad Capitalist by following this […]
To join Ken McElroy’s Newsletter, follow this link: http://legacy.kenmcelroy.com/news — Join Ken McElroy in a conversation with MC Companies’ internal acquisitions person, Bobby Bull, about acquiring real estate during a pandemic, as well as the various challenges and opportunities that come along with it. Learn more about your ad choices. Visit megaphone.fm/adchoices
To join Ken McElroy’s Newsletter, follow this link: http://legacy.kenmcelroy.com/news — Join Ken McElroy in a conversation with Jason Hartman as they discuss various ways that both landlords and the government can be helping tenants that are unable to pay rent, including a discussion on the topics of universal basic income. — The conversation continues on […]
“How do I raise money from investors?” I truly believe that you do this simply by surrounding yourself with the right people and finding a good investment.
To join Ken McElroy’s Newsletter, follow this link: http://legacy.kenmcelroy.com/news — Join Ken McElroy in a conversation with Jason Hartman about the rapidly increasing inflation in the US and how the Feds’ involvement in the economy will affect us in the long term.
How to Find a Real Estate Investor Looking for an investment property is an exciting process. There’s something thrilling about stumbling across a diamond in the rough and realizing what a great deal it is. But when you’re starting out, you may not have the funds available to close on that property you’ve found. In…...
Join Ken McElroy as he talks about setting up the future generation for financial success with viral YouTuber & entrepreneur, Jase Bennett of the Ohana Adventure YouTube channel. In this episode, they discuss little habits to teach your children to learn economic fluency at a young age as well as the challenges of setting up […]
While many of the events of last year were unpredictable and unprecedented, we’re now at the time of year when we need to address a very predictable and recurring event: paying your taxes. If you’re a real estate investor, there are numerous deductions you can claim, including some you may not be aware of.
Before I get into the particular deductions, my number one piece of advice is to hire an experienced CPA. While it may be tempting to save some money by doing your own taxes, real estate tax law is extraordinarily complex and you could easily wind up paying more than necessary. It will be well worth your time and money to hire a CPA to make sure you follow the best approaches for your deductions and you take advantage of all of them.
Finding the Right Short Sale Property
If you’ve been considering an investment in real estate or buying a home, you may have found yourself looking at short sale listings. But what exactly is a short sale? A short sale occurs when a lender allows a homeowner to sell their property for less than they owed on the existing mortgage. This process allows the lender and the homeowner to avoid the lengthy and costly foreclosure process. Unlike regular home sales, in a short sale, the lender is actually the one approving the sale
Primary markets as most of you know are suffering. What we are seeing is a lot of secondary markets by the big cities are heating up as the cities cool down. For example, as Washington DC cools, Virginia Beach heats up. Same with San Francisco -> Sacramento and Los Angelis -> Riverside. The truth is, these more expensive cities were already at their tipping point prepandemic. The pandemic only accelerated it.
Real estate investing is going to get a bit trickier and take it from me you want to have a true “expert” leading you in your journey. I wanted to share with you some common mistakes I see investors making when they first start out in real estate.
Welcome to the real estate strategies podcast. I’m Ken McElroy, and I’m here to give you creative ideas on how you can get started or continue your journey in real estate. Each week, we will bring you inspiring and informative conversations with successful people and their path to obtaining or investing in real estate. Enjoy […]
People often times miss this very important question. They try and measure the cashflow of the future value, or they say they don’t mind feeding it some money each month. To be direct, it is only a good investment if it cashflows based on the rents and expenses of today, not the future rents you think you will get five years from now. Cashflow is the most important thing when deciding on a rental property.
I am going to show you how to look at a Zillow listing and decide if the property is cashflow positive or negative. Obviously, I want you to dig into these numbers and verify the rent and expense numbers, but start with just the basic calculation. If the numbers don't work on the initial calculation, then it is not worth your time. If the numbers do work, it is time to move into due diligence and verify the rental and expense amounts. FYI in this hot market, most listing don't work. That is why it is up to you to always look at the new listings and run the numbers daily.
A correction is coming to the real estate market and I expect to see it early next year. Each downturn is very similar to the next. We have high unemployment, and housing prices that are extremely inflated. Yet, people keep asking me, “how can you say it’s going to crash when prices are skyrocketing? If I keep waiting, I’m going to miss out on the buying opportunity!” So let me put a few things into perspective for you. This is a supply and demand issue. That is what inflates and deflates prices: inventory versus demand for housing
If you find yourself saying or thinking, “it won’t happen here,” I need to give you a reality check. Denial is not an investment tool. In fact, you can’t be a successful investor if you don’t understand market cycles. When a correction occurs, it generally happens everywhere in the country. Of course, some areas are affected more than others, but every city and every state is eventually affected.
Cash is king moving forward. Let me repeat cash is going to be king in the next 12 months. Here is why. Banks want to lend, it is in their nature. The problem is if people are out of work or just starting a new job, or are behind on bills the bank cannot lend to them.
I will tell you that affordable housing will become more and more of a need in the United States over time and this is definitely something you should understand and look into. That is potential here from owning a park to possibly even converting a mobile home into a rental.
If you are interested in obtaining a rental, then take the time to read my book “The ABC’s of buying Rental Property.” The next couple of years you may have the biggest buying opportunity you will see in your lifetime, so you need to be prepared. I wrote this book to prepare you with all of the in-formation you need to know when purchasing your first rental. I am going to help to prevent you from making the same mistakes new investors make and to maximize your investment.
Many people see investing in real estate as a way to generate cash flow, build up a nest egg and have tenants pay your mortgage for you. That’s a great strategy, but there’s a technique to it. It isn’t as easy as simply buying a property and renting it. Uneducated investing is how you get […]