The Abc's Of Real Estate Investing Quotes

“There will come a day when the properties my partner and I own will be sold. But until that day, the cash flow generated from them, and their appreciation in value, ensures that we have the ability to do the things we love today, and in the future.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“I set out to make my dream happen, and I did it through action.”
― Ken McElroy, The Abc's Of Real Estate Investing: The Secrets Of Finding Hidden Profits Most Investors Miss

“If everyone you talk with is having difficulty seeing your vision for a property it can be either one of two things: A revolutionary idea that will prove everyone wrong. Or a bad idea that everyone recognizes as a bad idea, except you.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“When you buy a house or condo and rent it out, appreciation of the property rests solely on the appreciation of the surrounding neighborhood. You better have bought in the right neighborhood, because there is little you can do to increase the value of your property.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“Recently we refinanced the 182-unit building, which we had owned less than a year. Its newly appraised value was $11.3 million, more than $2 million above what we paid for it. And since I own 10 percent of the project, I made over $200,000 in less than a year. A testament to the power of buying and managing right and managing well.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“Mortgages on smaller properties like single-family homes are almost always guaranteed through the buyer’s own personal earning potential and wealth. You may be surprised to learn that larger investment property loans are secured by the asset itself. In other words, instead of the $2 million building riding on your own wealth, it is riding on its own valuation. This already is less risk to you.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“In the early days of my first property management and real estate deals, there was a lot of trial and error and I made my share of mistakes. But for every one mistake I made, I learned ten lessons and got smarter every day. I started to see patterns, discover formulas and systems, and develop a network of people I could count on. It took time and it took work, but the more I pursued my dream, the luckier I felt and the more often magical opportunities presented themselves to me.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“The ABCs of Real Estate Investment will teach you how to: • Achieve wealth and cash flow through real estate • Find property with real potential – understand how to evaluate property and purchase price • Show you how to unlock the myths that are holding you back • Negotiating the deal based on the numbers • Increase your income through proven property management tools.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“And remember, the value of a rental property increases based on its operations and cash flow.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“Supply and Demand When it comes to investing in property of any kind, particularly rental property, I make sure my first objective is to get an accurate read on the supply and demand in the area. I’m not talking anything complicated, just basic economics. Supply is defined as the number of rental properties available in a market or submarket. Ideally, supply should be low and demand should be high.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“Starting off on the right foot involves doing one thing really well: evaluating your market and submarket.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“market with good employment, that it was progressive and forward-thinking, that it had a very high cost of home ownership, and that it was in high demand.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“look at all the newspapers and business journal newspapers in every major Western city via the Internet.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“You just need a few key team members to get started—an attorney, an accountant, a real estate broker, and a property manager.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“obvious?”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss

“Does this seem terribly obvious? Of course it does. But you’d be surprised how many times investors ignore this simple truth. They purchase property based on the seller’s asking price, or something close to it, instead of the operational performance of the property. Here are a few principles about property investing we need to get out on the table right now: • The seller’s asking price is irrelevant. • You determine the property value, which becomes your offer. • With multiple units, the property value is based on the current cash flow of the property.”
― Ken McElroy, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss