How I Found A Real Life Infinite Money Glitch
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- Опубліковано 19 бер 2024
- To download the report mentioned in the video, follow this link: kenmcelroy.com/infinite-retur...
In this video, Ken McElroy explains the 'Infinite Return Strategy' using a 265-unit project from his company, MC Companies, as a real-life case study. He details the process of enhancing value through strategic renovations and refinancing. He explains how this approach can apply to any business or real estate venture, resulting in significant, tax-free profits and cash flow improvements.
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ABOUT KEN:
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 has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
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I squirelled away cash for a rainy day, but with inflation pouring down, it feels more like a leaky bucket. Saving for retirement seems impossible if my money keeps losing value faster than I can earn it.
Can someone show this to AG Leticia James and let her see how banks determine property value... TRUMP 2024!
He just doesn't say how much was spent to renovate every single unit in order to raise rent $150. That's a key part of the equation.
I've done this exact same thing just on a much smaller scale I borrowed money purchase property fixed it up refi it back out using none of your own money now I have all my money back plus properties cash flow and ready to buy some more this really does work just take your time and find the right deals
Where are the costs for repairing it? Maintenance? All costs involved.. isn’t it reducing your cash flow? Did I miss something?
My dad used to pay all utilities on his 16 unit. We rewired the place all electric deleted the gas and separated water/sewer/trash...slapped on paint, carpet and repaved the parking lot. Tenants saw a $200-$400/mo increase in costs for utilities alone with no increase in rent. As tenants turned over we deleted the stoves and fridges. We get a waaay better tenant. Out of 100 rentals we had only 2 withhold rent during koovid. They got evicted after the moratorium but later came back because they couldn't find any place to stay. They offered paying the arrears but we told them too stick it. One sued me for discrimination with Calif housing board. Board wanted me to pay a fine to the Board to "settle" (tenant gets nothing). Woman told me it was cheaper to pay than drag it out. I told her I rather pay for "good" than reward evil. Tenant dropped complaint but Board continued. It cost me $80k for attorney to have case dropped.
College is a waste of time and money
Just one problem....how do you find someone with $millions to invest with you?
Yep! Never sell the property, just keep 1031 exchanging the properties to avoid capital gains tax on the profit and then it goes to your kids at the fair value (bump up in basis) at the time you die so they never pay taxes on the gain either. Win win win
Real Estate has made a lot of millionaires. It won't matter for you, if you're not into it.
Ken McElroy is a master teacher!
So if 400K is the annual interest due on 15M, that's a pretty low interest rate - around 2.7%. Dont think you can get that now.
I like this new format! short and straight to the point 👍
Are these type of evaluations in his book? This is great!
What about CAPEX, considering $500k yearly depreciation??
What about operating expenses where does that come into play?
Thank you!
Thank you Ken!
thank you ken