From Property Manager to $1 Billion in Assets Under Management
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Today’s guest is the author of ABCs of Real Estate Investing, Ken McElroy. Along with Rich Dad Poor Dad by Robert Kiyosaki, Ken’s book inspired and motivated me to keep buying real estate.  If you are new to the real estate space, Ken has an interesting and relatable story to share. He grew up in the Seattle area and while in high school and college knew that he wanted to become a real estate investor. “I started managing properties, and that’s where I learned kind of the inside look of how they run, and it was obviously the best education that I got.” - Ken McElroy Ken learned how to turn around properties, make them profitable, and manage expenses by filling properties up with good people that pay their rent. Once he experienced what worked and didn’t work, he started to buy and own properties. Early on, Ken had a competitive advantage by working for a property manager and getting a real estate license. “The license itself is not necessarily needed to do transactions, that’s very true. But the knowledge that you get from the information I think can really help.” - Ken McElroy Now, Ken is up to a billion dollars in assets, still looking to buy properties, and running his business while navigating changes due to COVID and communicating with tenants. Show sponsors: HONOR - 10% off your order, use discount code START HOUSE HACKING SUCCESS - 10% off their house hacking course, use discount code STARTFM Interested in sponsoring the podcast? Please email [email protected] with “sponsor request” in the subject line. Follow Chad: Instagram: instagram.com/iamchadduval Twitter: twitter.com/iamchadduval Facebook: facebook.com/iamchadduval YouTube: youtube.com/iamchadduval Website: chadduval.com Email Club: chadduval.com/subscribe Follow Start FM: Start FM’s INSTAGRAM Start FM’s SHOW NOTES If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. Also, I love reading the reviews!
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