Ken McElroy’s SECRET to Making MILLIONS in Multifamily Real Estate!

Ken McElroy’s SECRET to Making MILLIONS in Multifamily Real Estate!

Ken McElroy’s SECRET to Making MILLIONS in Multifamily Real Estate!

Ken McElroy’s SECRET to Making MILLIONS in Multifamily Real Estate!

Ken McElroy’s SECRET to Making MILLIONS in Multifamily Real Estate!

Today on the Heartland Multifamily Show, we’re going to look at three properties you want to avoid. When looking at opportunities to invest in multifamily, you may look at these three types of properties and see a blue ocean. But there’s a reason why so few people want to invest in them. They are a headache, a hassle, a money pit. Dealing with these properties will have a very small return on investment. I’m going to explain what three properties to avoid and why.

On this episode of the Heartland Multifamily show, I give three actionable instructions on how you can be a passive investor. I explain the different points on the spectrum between being completely passive by investing in shares of REITs and being completely active by buying an existing multifamily property, renovating it, and eventually selling it. And I explain the benefits and risks of each. I tell you what you need to know before investing your time and energy into a rental property.

Is rent control good or bad? As a property owner, I loudly say, it’s bad! It’s bad because the government shouldn’t say that I, the property owner, have to lower my price. The price is determined by the market. If the guy across the street from me charges more and people pay it, why shouldn’t I charge more? And by the same token, if I can’t get renters, I have to lower my rent. In this episode, I do a deep dive into why the market should determine the price, not the government, and why any attempt to manipulate the market by the government is doomed to fail.