Ken McElroy @[email protected]
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If you are a business owner looking to scale and improve your operations, you can't afford to miss my latest video on how I took my $3 billion business from a C- to a B+ in just two years.
watch it here
Here's how you can buy a rental property with NO money
It sounds too good to be true, but it's entirely possible through strategies like Subject-To (Sub2) and seller financing.
In our latest video, we dive deep into these innovative methods. You'll learn:
How to Identify Potential Deals: Discover how to find expired listings and foreclosures and how to approach sellers directly to take over their payments.
Step-by-Step Guide: Understand the process of contacting sellers, negotiating terms, and securing properties with no money down.
Practical Examples: We provide real-life scenarios and detailed examples to illustrate how you can start acquiring properties immediately.
Tools and Resources: Learn about valuable platforms like InvestorLift.com and LandWatch.com, which offer pre-negotiated deals and seller-financed opportunities.
This video is a must-watch for anyone looking to break into real estate investing or expand their portfolio without significant upfront costs.
âȘ@PaceMorby⏠and I discuss this in-depth, you can watch it here
The second phase of the commercial real estate crash might have just started, and it's spreading into the banking system with bad debt.
I am doing a live stream with âȘ@GeorgeGammon⏠âȘ@RebelCapitalistChannel⏠at 2 PM EST to go over exactly what's happening and how you can take advantage of this opportunity.
I will see you at 2 PM EST.
A seismic shift is about to hit the real estate marketâsomething we haven't seen in a century.
The National Association of Realtors, with its 1.5 million members, just lost a MASSIVE multi billion dollar lawsuit. The fallout?
A complete overhaul of the Multiple Listing Service (MLS) that will turn the industry on its head.
Traditionally, sellers would pay a 5-6% commission, split between listing and buyerâs agents.
But thatâs all changing.
Now, buyers will have to pay their own agents directly.
This is going to shake up everything, causing chaos and confusion, but also creating new opportunities for those who are prepared.
So, what does this mean for you, whether youâre buying or selling?
How will this reshape the market dynamics and affect home prices?
You won't believe the full impact of these changes. Watch our latest YouTube video to get the complete story and learn how to navigate this new landscape.
Internet gurus are lying to you, here's the truth about getting rich in your 20s
Let's cut through the noise: every so-called "internet guru" tells you to start a business in your 20s. They're selling you a dream, but here's the cold, hard truth: you're not ready.
You most likely lack the skills and experience needed to provide real value to the market.
Let me explain.
When I first graduated college, I had the same wide-eyed optimism as everyone else. I thought my degree guaranteed a high-paying job and a fast track to success.
Reality hit me hard.
Those high-paying jobs were scarce, and the ones that were available didn't value my lack of real-world experience.
I chose a different path.
I went into property management and worked for a large company in Seattle. This company managed thousands of units across Washington State, and it was here that I truly began my education.
I learned from mentors, had access to systems, and was surrounded by people who had been in the game much longer than I had.
This community supported me, challenged me, and helped me develop the skills I needed to succeed.
It took me nearly a decade to gain the confidence and expertise to start my own business. By the time I did, I was 29.
Fast forward 30 years, and I now run a Multi-billion-dollar company. The key was developing a skill set that was valuable to the market.
Here's what you need to know:
Develop a Skill: Find something you love and become the best at it. Mastery takes timeâ10,000 hours is the minimum. For me, it was property management. I saw every possible scenario, from dealing with tenants to managing cash flow. By the time I ventured out on my own, I had the wisdom that only comes from experience.
Offer Value: When you approach an employer or client, don't lead with "what's in it for me?" Instead, ask yourself, "What can I offer that they need?" The best way to get your foot in the door is to provide value upfront, even if it means working for free initially. Show them that you can make money for them, and you'll never have to beg for a job.
Network Relentlessly: Get involved in your industry. Attend trade organizations, continuing education classes, and network with everyoneâfrom brokers to vendors. Building a robust network will provide you with opportunities and insights you can't get anywhere else.
Think Big: Your mindset is your biggest asset or your biggest obstacle. Don't limit yourself to small deals. It takes the same amount of effort to close a big deal as it does a small one, but the rewards are exponentially greater.
Remember, working hard is essential, but working smart is what will set you apart. Restaurant owners and farmers work incredibly hard, but it's the strategic thinkers who build empires.
So, if you're in your 20s, don't rush to start a business. Instead, focus on becoming valuable. Find a mentor, develop your skills, and build a network. When you're ready, the opportunities will come.
This is only the first step, I cannot recommend watching the full video enough, this video was made for my 20-year-old self. you can watch it here
How I Turned a Free Billboard into $146,400 (And How You Can Too)
Ever thought about owning a billboard? Probably notâŠ
Let me share a quick story about how I got a free billboard that made me over $146,400 â and how you can do it too.
A while back, I received an email from a broker. It was one of those random lists Iâm on where they send deals straight to my inbox.
This email mentioned "land for sale with billboard income". Most folks saw the land; I saw the goldmine - the billboard.
Here's the kicker: this billboard sat on a road with over 24,000 cars passing by daily.
Location is everything in advertising, and this spot was a winner.
The land was across from a luxury resort, near a casino, and a major car dealership â prime real estate for ad revenue.
I offered $260,000 for the property, down from their asking price of $290,000, and they accepted.
Why?
Because the current owner had a terrible deal with CVS Outdoor, earning only $5,000 a year from the billboard.
Before closing the deal, I contacted a billboard management company. They estimated the sign could pull in around $30,000 annually.
So, I bought the property, moved the sign to a more strategic spot, and put an easement around it to keep the billboard while selling the land.
In 2021, we listed the land for $335,000 and sold it, netting about $30,000 profit.
But the real win?
The billboard now generates a steady cash flow. In 2020 alone, it brought in over $122,000, and itâs set to make around $30,000 a year going forward.
Hereâs the math:
Bought for $260,000
Moved the sign for $35,000
Sold land, kept the sign
Total earnings: $146,400
And the best part? Billboards are 100% tax deductible in year one, they are in the same tax category as jets or farm equipment
This is only part of the fun if you want to see the full story and how you can do this yourself
Watch the full video I made on this here
Important Annoucemnt For Home Buyers and Investors
Big news in the housing market! Home prices have hit a record high, and Jerome Powell is facing serious challenges.
We're going live on YouTube today to discuss the details.
đ What's Happening?
Home prices have climbed for the 11th consecutive month, reaching $419,300 in May.
The typical mortgage now costs around $2800/month before taxes and insurance.
Nearly 30% of homes are selling above list price, with an average of 2.8 offers per home.
31% of these sales are to first-time buyers, and 16% are to individual investors.
Why It Matters:
Affordability: Median-income households need to save over $127,000 for a down paymentânearly double the median U.S. salary!
Supply Issues: Housing starts fell to their lowest level since 2020, and future construction is below expectations.
Discussion Points:
How supply and demand dynamics are changing.
The Fed's goal of a soft landing amidst high inflation.
The importance of housing in inflation and what "shelter inflation" means.
The impact of rent trends on future inflation data.
Join Us Live: đ
Today đ [2 PM EST]
I've spent the last 35 years in real estate.
Buying properties is always the same, whether itâs your first or 10,000th.
I just posted my most comprehensive video ever, where I lay out my plan to buy $1 billion worth of real estate in the next 18 months.
I go over the 6-step process I use for every single property weâll be buying during this time.
Donât miss out. Click here to watch now and see exactly how it's done.
7 fatal business mistakes you are most likely making
Everyone loves to talk about success, but let's get real for a moment. The path to business failure is littered with the same fatal mistakes, and odds are, you're making some of them right now. Here's a blunt rundown of the seven ways you can absolutely guarantee your business will crash and burn.
1. Poor Cash Flow
Poor cash flow is the number one killer of businesses. Without steady cash coming in, you're doomed. Donât just focus on revenue, scrutinize every cent. Multiple income streams aren't just a good ideaâthey're essential. Remember Ray Kroc's wisdom: "You're either green and growing or you're ripe and rotten."
2. Ignoring Market Changes
Markets evolve. If you're not adapting, you're dying. Whether it's tech advancements like Uber disrupting taxis or Amazon crushing mom-and-pop stores, you need to stay ahead of the curve. If your market is shrinking or nonexistent, pivot or perish.
3. Weak Customer Service Strategy
Customer service isnât just about solving problemsâit's about engagement and retention. Most businesses lose customers after the first transaction. Implement a robust strategy to keep them coming back. Listen to their feedback and act on it, because bad reviews can kill you.
4. Inadequate Marketing and Branding
No website? No social media presence? You're invisible. It doesn't matter if you hate social mediaâyour customers donât. Use it. Engage them. Create a brand presence that makes them remember you. This isn't optional; it's survival.
5. Hiring the Wrong People
Your team can make or break your business. Hire for attitude, train for skills. Negative employees will drive customers away faster than anything else. Your customer service representative isn't just answering callsâthey're shaping your business's first impression.
6. Poor Location (for Brick-and-Mortar Businesses)
Location, location, location. Skimping on rent by choosing a cheaper but low-traffic area is penny wise and pound foolish. You need foot traffic to drive sales. Think strategically about where you set up shop.
7. Bad Partnerships
Business partnerships are like marriages: they require trust, communication, and a shared vision. Most fail because roles aren't clearly defined, leading to resentment and inefficiency. Be clear about expectations and contributions from the start.
if you got value from post, then you need to check out the full video I did on this subject going much further in debth on this subject
Ken McElroy is the CEO of MC Companies, author and investor who offers a wealth of personal experiences, expert guests, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether youâre a entrepreneur, investor or just looking for real education within real estate and beyond, Ken offers no b.s. insights and resources for all levels. Be sure to download Ken's Infinite Returns Platform available on IOS and Android and gain proximity to like minded real estate investors on his exclusive real estate platform and forum.
About Ken: With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income.