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.
Listen to The Show on iTunes
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Listen to the Podcast 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
View the full article: BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.