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.

In this episode of the Heartland Multifamily Show, we’re talking politics. Although this is not a political show by nature, it’s impossible to ignore the effects that politics have on taxes, interest rates, zoning laws, and other things that can affect your investment. But for whatever difference that may make, the bottom line is that whoever occupies the White House can’t affect you that much. If you voted for Trump thinking he could save you, meaning he’d do all the work and send you a check, you’re sorely mistaken. In this episode, I explain why even if you agree with Trump’s policies, you still have to put in the same work and take the same risks no matter who is in the White House.

This episode of the Heartland Multifamily Show is about a subject close to my heart. Literally. It’s about stress, and the effects it has on your body. A number of years ago, I had what I thought was a heart attack, and it turned out to be a panic attack. That incident made me rethink my attitude toward my health, but it wasn’t until much later that I reframed the stress I was having in my life not as something to be avoided but as something to accept as a necessary part of growth. That acceptance has changed my life.