Ken McElroy on The Economy, Finding Deals, Real Estate Myths, Property Management, and Achieving Goals | PREI 095

Summary: Americans can now retain both low income housing tax credit and private activity bonds with the new tax reform in act. This is a need that the government recognized so they created this tax break. Author of The ABCs Of Real Estate Investment, Ken McElroy deals with rental business but is a big fan of home ownership. While he understands why most investors look for good deals with low down payment, he does the complete opposite by finding rental demands in affluent areas because it will lead to less property management problems. Learn more on how you can start getting on track with you financial setting and how to stay on the course.<br> <br> This episode is very exciting because I have a very special guest. A lot of you may know him. If you don’t, you’re going to get to know him. Ken McElroy is an extremely successful individual and one of Robert Kiyosaki’s Rich Dad Advisors. We had a great interview, chock-full of nuggets and wisdom. I just want to take a moment to thank everybody for the success the show has had over the last two and a half years. We have over 500 five-star reviews on iTunes US. Every country has its own iTunes store, so it has its own review and rating system. This is just the US. In speaking of other countries, we are also heard in over 125 countries. Thank you to everybody from as far as Israel, Australia, the UK, Portugal, France, you name it. It’s because of you that the show is a success. The reason I do it is to help share information, wisdom and knowledge with you.<br> <br> Once again, I just want to say that we had an incredible 2017. It was our busiest year ever. We’re on track to make 2018 the same. We love helping real estate investors, people who are real estate investors or want to be real estate investors. If you’re one of those people that have been listening for a while, sitting on the fence, you’ve got some investable capital and you know you need to make a decision on your financial future, let us help you take it to the next level or let us help you get started. That’s what we’re here to do. Just schedule a free strategy session with one of our investment counselors. Have that initial 30 or 60-minute conversation to figure out where you are today, where you want to go, what is the plan and the path to get you there. We can take that roadmap and help you take it one step at a time to achieve those financial goals. It really just comes down to having a plan, executing that plan, and having a criteria that’s attached to it. It’s not that hard to do and we want to help you do it. In fact, I’m probably going to record a podcast episode about that topic. I will try to do that here in the very near future.<br> <br> Last but not least, I’ve been very busy looking at underwriting some syndication deals as well. I’ve looked at a number of them last year. Unfortunately, they just didn’t meet my criteria and my underwriting basically just punted it out the door. One of them took over three months to underwrite. What we have on the table right now for people who are either accredited or are not accredited but have a smaller amount of investment capital, I’m looking to put together syndicated or group investments of ten-pack or twenty-pack single-family homes. That’s something that I have started working on. However, I’m probably not going to release or announce that for a month or two. Two opportunities I’m working on actively right now and that actually is open to accredited investors are cannabis-related investments. Believe it or not, real estate does play into some of those opportunities. You would have to just reach out to me directly for that information and I would need to connect with you via email and/or phone before I can send you that information.<br> <br> If you missed our last episode, be sure to listen to <a href="http://www.passiverealestateinvesting.com/exploring-new-markets-my-interview-on-the-real-estate-cpa-podcast" target="_blank" rel="noopener">Exploring...</a>