{"id":52783,"date":"2014-01-09T00:18:07","date_gmt":"2014-01-09T07:18:07","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=52783"},"modified":"2023-04-11T04:24:50","modified_gmt":"2023-04-11T10:24:50","slug":"2014-01-09-bp-podcast-052-raising-millions-ken-mcelroy-rich-dad","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2014-01-09-bp-podcast-052-raising-millions-ken-mcelroy-rich-dad","title":{"rendered":"Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy"},"content":{"rendered":"<p>On today&#8217;s episode of the BiggerPockets Podcast, we talk with one of the most influential voices in the real estate investing world today &#8211; <strong>Ken McElroy<\/strong>.<\/p>\n<p>Ken, the author of <a href=\"http:\/\/amzn.to\/2a5QYOe\" target=\"_blank\" rel=\"noopener noreferrer\">The ABC&#8217;s of Real Estate Investing<\/a>\u00a0and 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.<\/p>\n<p>On today&#8217;s show we&#8217;re going to talk a lot about getting started, raising capital, and investing in large apartment complexes for big wins. Don&#8217;t miss a second of this exciting show!<\/p>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp52-ken-mcelroy-podcast-transcript-raising-millions-buying-apartment-complexes\" target=\"_blank\">Read the transcript for episode 52 with Ken McElroy here<\/a>.<\/p>\n<h2>Listen to The Show on iTunes<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC1154284529\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>In This Show, We Cover:<\/h2>\n<ul>\n<li>Getting started with<strong> no money<\/strong> &#8211; through property management<\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-43638\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/05\/BiggerPockets-Podcast-_-Real-Estate-Investing-and-Wealth-Building-9.42.11-AM1-150x150.jpg\" alt=\"BiggerPockets Podcast _ Real Estate Investing and Wealth Building 9.42.11 AM\" width=\"150\" height=\"150\" title=\"\"><\/a>Why should someone <strong>invest in multifamily properties?<\/strong><\/li>\n<li>Using <strong>other people&#8217;s money<\/strong> to invest in real estate<\/li>\n<li>Investing at a <strong>distance<\/strong> vs. investing <strong>locally<\/strong><\/li>\n<li>Determining the <strong>best locations and markets<\/strong>\u00a0to invest in real estate<\/li>\n<li>Cash flow vs. appreciation: <strong>which is best<\/strong>?<\/li>\n<li>Ken&#8217;s newest <strong>$9 million dollar project\u00a0<\/strong><\/li>\n<li>Why Ken <strong>loves bad landlords<\/strong><\/li>\n<li>How to find amazing apartment complex deals<\/li>\n<li><span style=\"line-height: 1.5em;\">Raising millions of dollars in 20 minutes<\/span><\/li>\n<li>How to find <strong>a great property manager<\/strong>?<\/li>\n<li>Should someone start with <strong>Apartment Complex Investing<\/strong>?<\/li>\n<li>The <strong>worst mistake you can make<\/strong> as a real estate investing<\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a title=\"What is a Cap Rate? (Capitalization Rate)\" href=\"\/renewsblog\/2011\/11\/16\/capitalization-rate-%e2%80%93-techniques-to-speed-up-your-decision-making-part-iii\/\" target=\"_blank\" rel=\"noopener noreferrer\">What is a Cap Rate? (Capitalization Rate)<\/a>\u00a0(article about Cap Rates)<\/li>\n<li><a title=\"BiggerPockets Presents : The Best Real Estate Books Ever\" href=\"\/renewsblog\/2013\/04\/14\/best-real-estate-books\/\" target=\"_blank\">BiggerPockets Presents: The 21 Best Real Estate Books Ever<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in the Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/29Xue07\" target=\"_blank\" rel=\"noopener noreferrer\">The Art of the Deal<\/a> by Donald Trump<\/li>\n<li><a href=\"http:\/\/amzn.to\/2a9QoQ0\" target=\"_blank\" rel=\"noopener noreferrer\">The Best Real Estate Advice I Ever Received<\/a> by Donald Trump<\/li>\n<li><a href=\"http:\/\/amzn.to\/29XtFmK\" target=\"_blank\" rel=\"noopener noreferrer\">Turning Pro<\/a> by Steven Pressfield<\/li>\n<li><a href=\"http:\/\/amzn.to\/2anHEEG\" target=\"_blank\" rel=\"noopener noreferrer\">Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization<\/a> by Dave Logan<\/li>\n<li><a href=\"http:\/\/amzn.to\/2a5oPn9\" target=\"_blank\" rel=\"noopener noreferrer\">The Crash Course: The Unsustainable Future Of Our Economy, Energy, And Environment<\/a> by Chris Martenson<\/li>\n<\/ul>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2a5QYOe\" target=\"_blank\" rel=\"noopener noreferrer\">The ABC&#8217;s of Real Estate Investing<\/a>\u00a0by Ken McElroy<\/li>\n<li><a href=\"http:\/\/amzn.to\/2a5oyk5\" target=\"_blank\" rel=\"noopener noreferrer\">The Advanced Guide to Real Estate Investing<\/a>\u00a0by Ken McElroy<\/li>\n<\/ul>\n<h2>Tweetable Topics<\/h2>\n<blockquote><p>The faster you fail, the smarter you get. (<a href=\"http:\/\/ctt.ec\/d6b5K\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<br \/>\n&#8220;You don&#8217;t need to be an expert at everything.&#8221;(<a href=\"http:\/\/ctt.ec\/J0O3e\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<br \/>\nThere&#8217;s a lot more money out there than deals.\u00a0(<a href=\"http:\/\/ctt.ec\/6p10D\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<br \/>\nThe best deals are generated from face to face relationships.\u00a0(<a href=\"http:\/\/ctt.ec\/0rq39\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<br \/>\nThe entire goal of my company is to replace myself. (<a href=\"http:\/\/ctt.ec\/eR3fZ\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<h2>Connect with Ken<\/h2>\n<ul>\n<li>Ken&#8217;s Website: <a href=\"http:\/\/www.kenmcelroy.com\" target=\"_blank\" rel=\"noopener noreferrer\">KenMcElroy.com<\/a><\/li>\n<li>Ken&#8217;s <a href=\"https:\/\/www.biggerpockets.com\/users\/Realkenmcelroy\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Profile<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On today&#8217;s episode of the BiggerPockets Podcast, we talk with one of the most influential voices in the real estate investing world today &#8211; Ken McElroy. Ken, the author of [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-52783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/52783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=52783"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/52783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119641"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=52783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=52783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=52783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}