The Down Payment
Getting your down payment together is one of the biggest hurdles when you’re starting out in real estate. I can’t tell you how many times people tell me they want to make passive income on real estate, but then they save no money for a down payment. Instead, I hear excuses as to why they […]
The 4 Keys to Correctly Investing in Real Estate
The average person doesn’t know how to get started investing in real estate, and therefore, gets their cash flow from a nine to five job. That scenario is the exact opposite of financial freedom because they’re dependent on a job they have to go to every day. True financial freedom happens through investing in things […]
Finding a Mentor
So much of real estate investing is about forming relationships. One relationship that can be invaluable, especially if you’re new to real estate, is a relationship with a mentor. A real estate investing mentor can help you by sharing their experiences and expertise, answering your questions, steering you away from the mistakes they’ve made, and […]
Are you going to be a successful investor?
Everyone getting into real estate investing aspires to be successful at it. Sometimes when I talk to newer investors, there’s an expectation of success. I’m always a little wary of those investors because success without hard work is just luck. But being consistently successful is another matter. That isn’t just lucking out. Long-term success only […]
Are You a Good Leader?
Not all leaders are created equal. Sometimes people find themselves in a leadership position and it’s not an instantly comfortable fit. They may experience some anxiety or imposter syndrome. The good news is that you can still learn to be a good leader even if you’re having those self-doubts. In fact, I’d encourage you to […]
Six Skills You Have to Master In Order to Become Wealthy
I’ve met and worked with countless high-net-worth individuals. Over the years, I’ve noticed some consistent patterns amongst them and it’s enabled me to pinpoint six skills that every future millionaire must master. When you build on these six skills, you’ll set a foundation for the life that you want to have. Once you incorporate these […]
Fear of Missing Out….
I have been seeing the fear of missing out a lot lately on the private forum that I host each week. (Click here to join.) People have become so fixated on not missing their opportunity to buy, that they’re itching to buy right now when prices have only gone down by a few thousand dollars. I keep […]
How to manage a property during lockdown
Join Ken as he speaks with Kelly Johnson from his property management company on how he and his team were able to manage properties virtually through the most recent lockdown.
Where the Rich Store their Wealth
Join Ken as he walks through a basic understanding of where the rich store their wealth.
Happiness….
Happiness…. With all of the conflict going on in the world today, I have been a bit confused on what to write about this week. After considering multiple topics, it came down to one thing. I think most of you could use some happiness right now. You may say happiness? How can I possibly be […]
5 Tips to Keep you Eviction Free
When you own rental properties, evictions are an unfortunate reality that no one wants to deal with. Creating some safeguards at the outset will save you the trouble of having to file an eviction notice down the road. These are the five key ways that you can minimize the potential for having to evict someone. […]
Reasons A Student Fails in Business and C Students have a Better Chance
It seems pretty straightforward that “A” students and people who graduated at or near the top of their class will fare better in the business world than “C” students. Surprisingly, this assumption is not reflected in the workforce. As it turns out, students who have more of an academically average grade history are projected to […]
My Number One Trust Test
Trust is a word with a long and deep meaning in almost any aspect of our life. Over the years, I have been burned so many times that I developed a knack on picking up on red flags when it came to individuals in my business and my personal life. I have learned over the […]
How to Prevent Fires as a Landlord
One of your tenants goes out for the night and forgets about a lit candle in the other room. Another tenant is making dinner, gets distracted by a phone call, and only remembers the pot on the stove once the apartment is filled smoke. This is the everyday carelessness that can easily start a fire […]
Investing in Mobile Home Parks
Affordable housing is a legitimate concern in the real estate market. Not only considering when buying for yourself but also thinking of long term rental properties to own as well. Mobile home parks are a two sided coin. On one hand, they are usually fairly easy to obtain properties and most can be acquired for […]
2020 Moving Forward Through Uncertainty
[vc_row][vc_column][vc_column_text]Join Ken as he talks with Blair Singer about how he is approaching the uncertainty going forward. To learn more about Ken visit: http://legacy.kenmcelroy.com/membership-registration/ To learn more about Blair visit his website at: https://blairsinger.com [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Episode Transcript: Ken McElroy (00:01): Welcome to the real estate strategies podcast. I’m Ken McElroy and I’m here to give […]
Rich vs Poor Mindset
I once heard someone say that in business, there’s playing to win and then there’s playing to not lose. At first, it sounds like those are the same things, but in reality, they’re two distinctly different mindsets. “Playing to win” is about feeling dynamic, confident, and operating with a belief that the sky is the […]
Tenant Screening Tips
When you’re looking for tenants to rent your properties, it’s okay to enjoy the process of meeting the people who file in and ooh and aah over your granite countertops, the view from the kitchen window, or any of the other touches that set your property apart. You can be friendly and outgoing, but keep […]
4 Things That Your Kids Need to Understand About Money
As parents, we try to do everything that we can to prepare our children for the future. Having practical conversations about money with your children will help them immeasurably. When you take the time to do this, you’re showing your child the importance of managing their own financial wellness. Below are four key messages that […]
Having a solid lease is your best game plan
Having a solid lease in play from the very beginning for each one of your tenants is the best game plan you can have as a property owner. You want to make sure that your lease is one professionally. This is an extremely important document and should be created by your personal attorney. This is […]
Options for Individuals Impacted by Covid-19
[vc_row][vc_column][vc_column_text]Join Ken McElroy and Eric Freeman from BeachFleischman as the talk through some options for individuals that have been impacted by Covid-19. You can learn more about Eric at his firm’s website at https://BeachFleischman.com You can also download a useful resource created by Ken to help work through your financial stress test. You can find […]
What Inflation Means, and How It’s Measured
Inflation is pretty simple. It’s the rate at which goods and services increase in value, and in turn, at which the dollar drops in value. For example, your Snickers now costs $2 instead of $1.50, which means your dollar buys less candy bar. Put in another way, your dollar has less value. The US measures […]
Robert Kiyosaki on the economic recession of 2020
Join Ken and Robert Kiyosaki as they discuss the latest on the economic turmoil created by recent events.
Be Kind
You don’t need a reason to help people. Let’s remember to be kind to one another through these tough times, as it isn’t always apparent on the outside what the struggles we may be facing are on the inside. After all, when this is all over, all that will really matter is how we treated […]
Manage Your Expenses
I know this isn’t an exciting topic, in fact a lot of you are probably rolling your eyes as you read it. However, this is critically important at this time. How you manage your expenses will determine if you sink or float after this. Also, anything else I recommend means nothing if you can’t manage […]
How can you make inflation work for you?
So, let’s first get past the denial. I am still hearing people tell me there won’t be inflation when we have just printed 2 trillion in cash to distribute and by the end of this, it will most likely be closer to 5 trillion. The amount of money in our current money supply was 2.5 […]
3 Ways to Get Started in Real Estate and 1 Way I Would Never Recommend!
Invest In A Bigger Real Estate Deal with a group of people or a company The first is what I do with my investors at MC Companies. Which is joining with others to invest in a bigger deal. This can be either commercial or residential. There are two great things about investing in a larger […]
7 Ways to Deal with Anxiety
There are many different ways to deal with the anxiety that most of us are currently feeling due to the ongoing events around the world. This pandemic is affecting all of us in different ways and it is important to understand how to combat these anxieties. Those who have dealt with anxiety for their lives […]
5 Ways to Deal with Home Quarantine
During this time when we are all doing our part by staying at home during the quarantine, we may find ourselves trying to figure out how to handle it all. There are five key ways that you can handle your home quarantine without fully losing your mind. By taking part in these five things, you […]
The 4 Things that your kids need to understand about money
When it comes to our children, we try to do everything that we can to prepare them for the future that we want them to have and most often the future that they want as well. There are four things that your child needs to understand about money and financial wellness. As a parent, it […]
The 3 Things you can teach your kids about Money
Difference Between an Asset and a Liability Assets put money in your pocket. Think of a rental property, a business, a skill. A Liability is something that takes money out of your pocket (that is why your primary house is a liability) Credit Cards, your home, your car are all liabilities. Explain this in children’s […]
Options for Businesses Impacted by Covid-19
Join Ken McElroy and Eric Freeman from BeachFleischman as the talk through some options that businesses after being impacted by Covid-19. You can learn more about Eric at his firm’s website at https://BeachFleischman.com You can also download a useful resource created by Ken to help work through your financial stress test. You can find the resource […]
Do you need to pay your rent or mortgage payment?
Join Ken McElroy as he talks with CPA and tax advisor Eric Freeman about the impact that Covid-19 is having on real estate. Eric is a Tax Senior Manager for BeachFleischman PC and has been with the firm for 7 years. Eric has a Master of Accounting with a focus in tax. He has spent […]
What should landlord’s being doing right now…
In this episode, Ken speaks with a landlord who operates two small rental properties and provides guidance on how to proceed forward.
Initial thoughts on coronavirus and the real estate market.
Join Ken as he gives his initial thoughts on the impact of the coronavirus on real estate and the economy in general.
4 Lessons from Jim Rohn a discussion with Kyle Wilson
Join Ken and he talks with his friend Kyle Wilson. Kyle is the founder of Jim Rohn International, YourSuccessStore.com and KyleWilson.com. He’s worked with the top names in the personal development industry including his 18 year biz partner, friend and mentor Jim Rohn, as well as Og Mandino, Brian Tracy, Les Brown, Darren Hardy, Robin […]
Real estate strategies heading into a downturn
Join Ken and Robert Helms for the RealEstateGuysRadio.com podcast as they talk about unique defensive strategies that you can use to mitigate the results of the next downturn – or profit from it. To get a free copy of Ken’s eBook “21 Keys to Real Estate Success” just visit this link: https://7rxyf2er.pages.infusionsoft.net Learn more about Ken […]
How to be successful at mobile home park investing…
Join Ken as he talks with Mike Ayala about his experience as a manager and investor in the mobile home park space. Mike is a Managing Member of Four Peaks Capital Partners. He oversees the operations, management teams, construction, and human resources. He also co-directs the overall investment strategy along with Andrew Lanoie. He has […]
What is an accredited investor?
Join Ken as he talks with Jennifer Costanza about what is an accredited investor and how Ken and his team manage the process of evaluating and working with them.
Rich Vs Poor Mindset
The variables that come to the table between those sitting down on the wealthy side and those sitting down on the opposite side have less to do with opportunity and more to do with their mindset. This is an important thing to acknowledge. Our background, our educational status and so many other variables are less […]
ATTN: Baby Boomers
There are three very important things that baby boomers need to pay attention to when it comes to making plans for their retirements. Most individuals in this generation are not actively involved with where their money is. Either they have turned it over to family or a bank, trusting that they will handle it properly […]
6 Skills that Millionaires Master
There are six skills that every future millionaire must master. These six skills will put you in the millionaire mindset and prepare you to stay in that mindset throughout your life. When you build on the six skills; persuasion, reading people. Sharing the wealth, leverage, problem-solving and saying no, you set a foundation for the […]
Effective Website Strategies for Multifamily Investors
Join Ken as he talks with Kelly Johnson about the best strategies for website marketing. Kelly talks about what are the proper questions to ask before you start investing in a website and; taking a step back to understanding the bigger picture and keeping the end in mind.
How to add value to your multi-family real estate investment
Join Ken and John Krauss the vice president of construction for MC Companies, as they discuss the process of renovations on multi-family properties and how it can add significant value to your multi-family real estate investment.
How a young entrepreneur is making money while helping the affordability crisis
Join Ken as he talks with Mike Ayala. Mike Ayala is a managing partner at Four Peaks Capital Partners and Park Place Communities which currently has 35 manufactured home communities in 13 states. Mike discusses how he got started and the opportunities and challenges that arise when dealing with the manufactured and mobile home communities.
Understanding Value Add Real Estate
One of MC Companies’ investment models is our value add investments. Value-add properties remain extremely popular among multifamily investors. These investors aim to increase the revenue of a property by creating value through property upgrades or potential that is unseen by the current owner. Success in the value-add space requires knowledge of rental rates and […]
The 4 “P’s” of Marketing with Kelly Johnson
Join Ken as he talks marketing with Kelly Johnson. Kelly is the Vice President of Marketing for MC Companies, the property management company that oversees Ken’s real estate investments. Ken and Kelly talk about the 4 P’s of marketing and cover the various components for success with your marketing programs. To grab a free copy […]
4 p’s of marketing that we use at MC Companies.
I never get marketing questions….what does this tell me? It tells me people don’t value the marketing, but I am here to tell you, you should. Some of you say “Ken my property is full all of the time. I never have a vacancy, and I just post an ad on Zillow and it is […]
Self-Managing Your Investment Real Estate
Join Ken as he talks with Lesley Brice, President of MC Companies as they talk about the opportunities and challenges of self-managing your investment real estate. To grab a free copy of Ken’s eBook “21 Keys to Real Estate Success” just visit this link: https://7rxyf2er.pages.infusionsoft.net Learn more about Ken and sign-up to his video […]
Managing Your Investors in Real Estate
Join Ken as he talks with the investor relationship manager for MC Companies, Jennifer Costanza. Ken and Jennifer talk about communicating with investors, investment philosophies and how different syndicators can see opportunities differently.