In this interview took place in May 2018, Gena and her business partner, Ken McElroy discuss some of the factors that you need to take into account when investing in Real Estate.
Ken started off in property management and 20 years ago he made the leap to real estate investing and never looked back. His first property was a two-bedroom condo that he purchased using his own money. Now the company he founded with his partner Ross has over ten thousand units and 300 employees throughout the South West.
What you will learn in this interview:
• The secret for a successful partnership
• Multi-Family real estate can be over-priced in many areas.
• Signals to look for when investing in real estate.
• What is value-add?
• How difficult is it to use that value-add today versus five to 10 years ago?
• Why is Debt so important to build wealth in real estate?
About Our Guest
Ken McElroy is Principal of MC Companies.
For over two decades, Ken McElroy has experienced great success in the real estate world–from investment analysis and property management to acquisitions and property development. With over $750 million investment dollars in real estate, Ken offers a unique perspective on how you will get the biggest return on your investments.
Ken’s commitment to the success of MC Companies is rooted in his desire to help others live their best lives. His passion for real estate, speaking, writing and philanthropy is always embedded in his daily guidance whether it be in a meeting at MC or a speaking engagement across the world. He’s been featured on Cheddar, Fox and Friends, Forbes, ESPN and many more. He’s a consistent contributor to Jetset Magazine and Rich Dad Radio.
Ken is the author of the best-selling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant, where he shares his real-life examples and ideology of how to be successful in business and in life. As the Real Estate Advisor to Robert Kiyosaki of The Rich Dad Company, Ken is also a chapter contributor in the newly released Rich Dad book, More Important Than Money: an Entrepreneur’s Team.
Never taking life for granted, Ken is active in the community. He currently serves on the Board of Directors for the Southwest Autism Research and Resource Center (SARRC). Ken was the Walk Chair for Autism Speaks Arizona for both 2015 and 2016. In the MC Family, he is a strong advocate for The Sharing the Good Life Foundation allowing all MC employees the opportunity to join him in the pursuit of giving back to the community. He and his family reside in Scottsdale, Arizona.
If you would like to know more about how Ken shares his formula for success visit kenmcelroy.com