52: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
On today’s episode of the BiggerPockets Podcast, we talk with one of the most influential voices in the real estate investing world today – Ken McElroy.
Ken, the author of The ABC’s of Real Estate Investing and several other influential books, shares his story of getting started with nothing and building up a real estate investment company with thousands of units and hundreds of employees. Ken has a lot of great advice and knowledge for people at all stages of their investing careers, and shares it in a fun, entertaining manner.
On today’s show we’re going to talk a lot about getting started, raising capital, and investing in large apartment complexes for big wins. Don’t miss a second of this exciting show!
Read the transcript for episode 52 with Ken McElroy here.
In This Show, We Cover:
- Getting started with no money – through property management
- Why should someone invest in multifamily properties?
- Using other people’s money to invest in real estate
- Investing at a distance vs. investing locally
- Determining the best locations and markets to invest in real estate
- Cash flow vs. appreciation: which is best?
- Ken’s newest $9 million dollar project
- Why Ken loves bad landlords
- How to find amazing apartment complex deals
- Raising millions of dollars in 20 minutes
- How to find a great property manager?
- Should someone start with Apartment Complex Investing?
- The worst mistake you can make as a real estate investing
Links from the Show
- What is a Cap Rate? (Capitalization Rate) (article about Cap Rates)
- BiggerPockets Presents: The 21 Best Real Estate Books Ever
Books Mentioned in the Show
- The Art of the Deal by Donald Trump
- The Best Real Estate Advice I Ever Received by Donald Trump
- Turning Pro by Steven Pressfield
- Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan
- The Crash Course: The Unsustainable Future Of Our Economy, Energy, And Environment by Chris Martenson
- The ABC’s of Real Estate Investing by Ken McElroy
- The Advanced Guide to Real Estate Investing by Ken McElroy
Tweetable Topics
- The faster you fail, the smarter you get. (Tweet This!)
- “You don’t need to be an expert at everything.”(Tweet This!)
- There’s a lot more money out there than deals. (Tweet This!)
- The best deals are generated from face to face relationships. (Tweet This!)
- The entire goal of my company is to replace myself. (Tweet This!)
Connect with Ken
- Ken’s Website: KenMcElroy.com
- Ken’s BiggerPockets Profile
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