How To Build Wealth in Real Estate with Ken McElroy

debt real estate Nov 29, 2019
 

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...

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How To Build Wealth Fast with Value Added Real Estate

 

I just released a new video in which I share How to build wealth by doing Value Added Real Estate

You can watch by clicking the graphic below or playing the above video.


In the video, I discuss WHY I do Value Added Real Estate. 

 

Primarily, it's due to my desire to print money legally, to prevent myself from becoming extinct with the others in the rapidly deteriorating middle class.

 

As you can see in the chart below, the middle class has dwindled and will continue until it becomes extinct by moving to either the upper or the lower classes.

 

 

As I explained in the video, the main reason the middle class is shrinking is due to Income Taxes and Inflation. 

 

Therefore, to prevent yourself from going into extinction by moving to the lower class implement the steps located on this link. 

 

I made my choice so and can help you too.

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Episode 59: Value Added Shopping Center Investing with Michael Flight from Concordia Realty

real estate show Aug 17, 2018
 

I want to introduce you all to Michael, we met recently at FreedomFest and he is both amazing and knowledgeable. He has an extensive background in commercial real estate investing and is principal of Concordia Realty.
Concordia Realty specializes in shopping plazas and retail properties. They prefer to purchase operational commercial projects with existing income. They concentrate on strip shopping centers and they occasionally renovate or restructure existing commercial properties.

They have over a million square feet of retail space located in the Illinois, Indiana, and Michigan markets. Increasingly they are interested in Ohio and Wisconsin. They continually look for good opportunities and are working to expand into new areas.

Michael became involved in real estate shortly after college where he worked as a broker and then began working with a syndicator that owned shopping malls. In 1990, he started out on his own by founding Concordia.

They work primarily with hedge...

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Episode 24: An Aussie Real Estate Investor Dominating the US Multifamily Apartment Sector

real estate Feb 02, 2018

Reed Goossens founded RSN Property Group here in the US and has been hitting it out the ballpark.

Reed compares the various real estate markets of the United States with his home country of Australia. He really encourages Americans to take advantage of the many opportunities that are available to those in the United States.

He has focused on second-tier properties in cities where there are strong demographics and productivity. These are places like Texas, North Carolina, and parts of Arizona. He has a background in structural engineering and project management which has helped him build a successful business.

He is involved in several significant apartment building acquisitions. They look for properties that have been well maintained and held for long periods of time in areas with strong demand. They want 90% occupancy and buildings that can get good financing options through Freddie and Fannie.

They keep rents just below market norms and in line with the typical economic...

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