Real estate expert Ken McElroy shares his knowledge through books, courses, YouTube, and a podcast. Robert Kiyosaki, the author of the renowned bestseller Rich Dad Poor Dad, refers to him as a Rich Dad advisor. A major factor in Ken’s real estate success is his brand, MC Companies. Ken McElroy has an estimated net worth of $50 million.
Background
McElroy grew up in a lower-middle-class household. Ken’s mother was a hairdresser, and his father worked as a contractor. Neither of his parents finished high school but despite this they were hardworking and gave him a proper education.
He was able to attend college due to his athletic talent and got a job managing an apartment complex to pay the bills. Ken wasn’t focused on studying and overtime developed an interest in real estate.
Real Estate Career
As an inexperienced investor, Ken bought some real estate and was eager to learn about the industry. His first purchase was a modest property and it barely made a profit.
In 2000, he decided to start MC Companies. They raised money from investors and used it to buy commercial property with the goal of making significant profits. Ken now manages $3 billion dollars in assets and owns 7,500 units.
Other Ventures
Ken McElroy has a real estate investment training program called Master Course. The course consists of 11 video-based lectures and teaches you how to get started in real estate, analyze the market, manage assets, and more.
He is the author of a number of best selling books on real estate and finance. This includes several books in Robert Kiyosaki’s Rich Dad Advisors collection. McElroy also hosts the podcast called “Real Estate Strategies with Ken McElroy” which is available to stream on Apple Podcasts, and Spotify.
In 2015, he set up a YouTube channel and it covers a wide range of subjects such as economics, passive income, and more. Currently, he has around 458,000 subscribers and is averaging well over 10,000 views per upload.
Net Worth
It’s no doubt that MC Companies is his main source of wealth which has been in business for 23 years. With the company, Ken manages over $3 billion in real estate and mainly owns multi-family real estate. This is a similar strategy to what Grant Cardone follows.
He also earns a hefty sum from educating others about real estate and finance. Ken wrote four bestselling finance books in his career. His course, podcast, and YouTube channel are other income streams that add to his $50 million net worth.
Ken McElroy has discussed leveraging debt as a strategy for wealth building. He and Robert Kiyosaki have a combined debt of $2 billion, which they use to finance their real estate investments.
Personal Life
Ken lives in Scottsdale, Arizona, with his family. He spends some of his time and money doing charity work there. He works with foundations helping children, food banks, and people with autism.
