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.

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

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