In this video, the third of three in a video series, Ken discusses Jumpstart your real estate career in 2019. Here is a list of all of the videos in the series:
Jumpstart Video 1: The Mindset of an Investor
Jumpstart Video 2: Your Investor Foundation
Jumpstart Video 3: Starting Your First Deal (this video)
Be sure to click the bell to be notified as soon as I post the next video in the series.
If you like this video you can see many more just like it, many for free, at this link: http://bit.ly/2szBqe5
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Check out some of our recommended products! Please note: These are our sponsors & advertisers, so if you use them, we will get compensated. There’s no additional cost to you.
For your banking needs:
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For locating investment properties:
➤ What is Driving for Dollars? Driving for dollars is a more direct approach to finding wholesale properties than simply sending out emails to inboxes or letters in the mail. It’s the term used when you drive around a neighborhood that you think could house future wholesale deals, then document distressed properties to create unique lead lists. Oftentimes, it can be more profitable than other techniques. Ken’s fans instantly get $15 in credits with promo code KenDM!
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Ken’s Social Media
Instagram: https://goo.gl/i7BjZd
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Ken’s Books:
ABC’s of Real Estate Investing: https://goo.gl/ze5RzL
The Advanced Guide to Real Estate Investing: https://goo.gl/5sQ1SS
ABC’s of Property Management: https://goo.gl/hjUUah
The Sleeping Giant: https://goo.gl/iZZalj
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Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant. Ken is a Rich Dad Advisor.
Learn more about Ken at: https://www.KenMcElroy.com
Ken’s company: https://www.MCCompanies.com
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https://www.KenMcElroy.com is a resource for Entrepreneurs and Real Estate Investors.
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For more information on this topic check out the links below.
Real Estate Investing – My First Deal – BiggerPockets
https://www.biggerpockets.com/blogs/4317/29895-real-estate-investing-my-first-deal
The following is a breakdown of my first real estate deal. … it was the perfect opportunity to start my career in real estate investing by purchasing a duplex.
The Comprehensive Guide for Financing Your Very First Real Estate …
https://www.biggerpockets.com › Home › Real Estate Investing Basics
The Comprehensive Guide for Financing Your Very First Real Estate Deal …. If you’re in this stage, a great place to start is with house hacking or live-in flips.
How To Score Your First Real Estate Investment Deal – FortuneBuilders
https://www.fortunebuilders.com/score-your-first-real-estate-investment-deal/
1. Find A Good Beginning Property: The best way to become a real estate magnate is to start small. The first step in real estate investment should be to find a good beginning property — and what better location to start looking then in your own backyard. Think about it.
Real Estate Investing 101 – 9 Steps to Get Started (or Restarted)
https://www.coachcarson.com/real-estate-investing-101-get-started/
Jump to Schedule Your Time & Prioritize Next Actions – My 9-Step Plan to Get Started (or Restarted) With Real Estate Investing. Identify Your Financial Stage. Choose a Specific Real Estate Investing Strategy. Pick a Target Market. Decide Your Investment Property Criteria. Build Your Team. Line Up Financing. Raise Cash For Down Payments & Reserves. Create a Plan to Find …
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@sahilmahajan3022
I would like to learn one to one under you is there any chance ??
@mayzoey9743
Hello Ken, I am a big fan from U.K.!!
@osamanabhan4133
hello ken , I am a big fan from egypt. thanks for your valuable videos.
@enriquegonzalezortegariver4181
Education at its best! Business is a teams sport: Property Manager, Private Money Lender, Real Estate Lawyer, Tax expert Accountant, Renovations Contractor and of course Ken McElroy!!!
@UltimateBargains
It's pronounced REAL-tor, not rel-la-tor.
😉
@ThaRolemodelz
On point as always #Ken sir. Great Points and Outlook. Also, Video Editing/ Production as well. 👌🏽💯
Omg… Can’t wait to get back to my hometown Las Vegas NV. 🏡 and my 2nd home Scottsdale AZ. 🏘
@NathanLam
Thank you Ken for the informative info… I'm gonna have watch this several times to let it all sink in… I've just bought your books as well… will hopefully be able to find others who will do a book study with me on them.
@talbertofdz
Does anyone know if the cost of the mentoring of ken is similar to the $ 45,000 of Robert Kiyosaki?
@hockinghillsalive3624
Ahh man. You don't have your markers and white board!
I love the sound of the markers drifting across the paper, and the sound it makes when you pop the caps off. Haha.
I promise, I'm still focusing on your topics of discussion.
Great videos, Ken. Thank you for sharing.
@Santamess
Hi Ken! My questions is: What is the best way to find an experienced buyer's agent besides calling every broker/agent to ask them. Is there a shortcut?
@enriquegonzalezortegariver4181
Great educational video! My question is what general criterias do you use to decide that it is time to sell a property you own? Do you use the 1%-2% range (Rents divided by Property value x 100) to decide that the property is healthy and a keeper and the 0.4% – 0.69% range to decide that the the property should be sold?
@AbdellahBerhil
Hey Mr.ken , Could you please help me to make a business plan of my first real estate ?
@tashigrg1437
Hey.. I am reading your abcs of real estate from Nepal… It's way too good
@tashigrg1437
Market.. Property and team…propertymanager are foundation of real estate
@chandramouli0607
Thanks Ken, You and Robert are my Supreme Mentors. About to enter into The Real world with your 📚. Need your blessings 🤩😇
@chandramouli0607
Ken,
I hope you find time to answer these questions?
1) If I already have a loan/finance from any bank on a property , how the same banks are supposed to provide top-up/refinance with the higher amount on the same property after an year or two. [What is the secret behind it]
2) What is an alternative of which where the rental income do not fulfill monthly EMI/Loan payment ? [If i go for new property investment is high and rental income ROI is low, how to handle such kind of properties or should I not do a deal]
3) Do the banks work in the same fashion all around the world? this refinancing stuff!! ? [btw I am from India]
P.S.
"I know I can find the answers to above questions in internet pretty easily but the confidence that I gain when I listen to/discuss-with you is means a lot to me"
If you already explained these in the past please refer me the links of those explanations.
@WallStreetIceCream
I am only interested and passionate about really two things Investing (Stock Market) and Real Estate (Investing) i would like to buy rental property in the future and be a full time real estate investor what are some career paths i can go down that can help me get closer to that goal? I'm considering getting my real estate License to become a realtor first any advice would be appreciated
@alexnds1
Very informative video. My question comes down to location selection. I have found in my own home town, that blue collar areas and lower income areas tend to fall the fastest when the market falls, but many times, they offer attractive prices in a downturn, but would require Section 8 tenants given the area. On the other hand, the more middle income properties barely break even, but would appreciate faster. I find it nearly impossible to buy for both income and appreciation. Would you recommend a beginning investor look for lower cost, better cap rate properties (I'm looking at 4plex and 3plex), to maximize cash flow, or to look for different neighborhoods and different tenants, but less cash flow? In other words, is the headache of investing in lower income areas worth the reward?
@latestartinvestor2102
So I've watched quite a few of your videos now , and I'm curious…you discuss getting people to invest(investors) but where are you supposed to find these people? I live in a small town of only about 13K people. I have purchased 3 properties on my own but am now out of money to spend for down payments. So what now, wait and save? That will take some time that way to grow a portfolio..
@frankli7848
education at its best
@2ltnavarropaf228
I just found your channel today after watching Robert’s Radio Show. Your channel offers really basic concepts which I think is suitable for me as a Novice.
Which is more preferred for a beginner? Buying house and lot which can be fixed and then rented to produce cash flow or buying a lot and building a new house (duplex/apartment) then have it rented?
Also Im looking forward to read your books soon too 🙂