Episode Details
Back to EpisodesKen McElroy | Recent Deal Flow, How Banks Work, Demographics, and KenFlix
Description
#86: Ken McElroy is our guest today. He's the Rich Dad Advisor for real estate, controls more than 10,000 residential units, and is one of the best-known and most successful real estate investors in the United States.
He reveals where he finds his deals today! Learn about how you can profit by acting just like the bank does.
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Listen to this week's show and learn:
02:35 Keith brings you today's show from Alyeska Resort in Girdwood, Alaska.
05:50 When real estate prices rise, cap rates fall.
7:58 Can't beat the bank? Then BE the bank. Here's how.
14:16 Why are (uninformed) people still saving money?
18:50 Here's where Ken McElroy is finding his deals today. Primary, secondary, tertiary markets.
24:15 When oil prices fall, how soon does it hurt a real estate market?
28:17 Why Ken avoids buying in the U.S. Northeast, Southeast, and upper Midwest.
34:02 Demographics.
36:42 Self-storage units, mobile home parks, luxury real estate, resorts, office, retail, efficiency apartments.
40:40 So many news articles pertain to real estate somehow.
41:36 KENFlix - Ken's instructional video series.
45:10 Say you've been given $10 million. Here's how to deal with it.
Resources Mentioned:
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Keith Weinhold:
Hey, welcome to GRE. This is Get Rich Education episode 86. I'm your host, Keith Weinhold. Here's hoping that you've lived an abundant week. I'm back to help you build wealth for yourself. What we're talking about is very realistic, extra income and life-changing income for the average Joe here and you won't end up as an average Joe. You will be able to do what most people can't because you did what most people wouldn't.
Today, we're talking to one of the best known real estate investors in the nation that is Rich Dad advisor, Ken McElroy. Ken's contributed to our real estate investing education industry with countless real estate investing books both inside and outside the Rich Dad series and at last check, he controlled more than 10,000 real estate units.
I recorded Ken and I's chat the other day when I was in Anchorage. Today, I'm bringing you this show from the Alyeska Prince Hotel at the fantastic Alyeska Resort