Mastering Real Estate: Controlling 10,000 Units with Other People's Money
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Ken McElroy, the real estate maestro, unveils his journey from humble beginnings to controlling a whopping 10,000 units using OPM - other people's money. He breaks down the financial flow from Main Street to Wall Street and back, emphasizing the pivotal role of lucrative deals in attracting funds. Ken's mantra? Money chases deals, not the other way around. He stresses the importance of kickstarting with a profitable deal that benefits all parties involved.
In a flashback to 1995, Ken recounts his first property purchase in Las Vegas, funded by savings and a local bank loan. He underlines the essence of presenting clear, straightforward deals to entice potential investors. Experience, he notes, is key before diving into the realm of fundraising. Ken's advice? Deals must make logical sense as investments, ensuring investor confidence and trust in the process. He unveils a traditional funding structure involving investors, banks, and deal managers.
Calculating returns for investors and highlighting the perks they stand to gain, Ken delves into the significance of establishing trust over time to expand investment opportunities. He unveils a plethora of investor sources, ranging from friends and family to professionals with financial dilemmas. Ken hints at an upcoming video where he will unveil the secrets to achieving an infinite return on investments, tantalizing viewers with the promise of financial wisdom and success in the real estate domain.
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
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