493: How COVID Changed Real Estate Forever (+How it Didn’t!) with Ken McElroy

<p>It’s rare to find someone with the experience, knowledge, and downright friendliness of&nbsp;<a href="https://kenmcelroy.com/biggerpockets/" rel="noopener noreferrer" target="_blank"><strong>Ken McElroy</strong></a>, which is why we’re having him back on the show! This time,<strong>&nbsp;Ken breaks down some of the fundamental truths of real estate investing</strong>&nbsp;and how it can help you, as an investor, make more money,&nbsp;<strong>reach financial freedom</strong>, and live the life you were born to live.</p><p>Ken has&nbsp;<strong>been in the real estate game for decades</strong>, starting as a property manager in college, becoming a landlord with a sizable portfolio, then&nbsp;<strong>meeting&nbsp;</strong><a href="https://www.biggerpockets.com/blog/2016-05-16-learned-robert-kiyosaki-surviving-economic-recession" rel="noopener noreferrer" target="_blank"><strong>Robert Kiyosaki</strong></a>&nbsp;and working on books, education, and systems with some of the biggest names in real estate. Ken has been through&nbsp;<strong>multiple&nbsp;</strong><a href="https://www.biggerpockets.com/blog/real-estate-cycle" rel="noopener noreferrer" target="_blank"><strong>market cycles</strong></a>, dozens of policy changes from the government, and made lots of money on many different types of deals. He has a unique experience that gives him a leg up on much of the new competition.</p><p>You’ll hear Ken’s thoughts on the “<strong>affordability crisis</strong>” we may be facing in the coming years, how&nbsp;<a href="https://www.biggerpockets.com/blog/analyze-short-term-rental" rel="noopener noreferrer" target="_blank"><strong>short-term rentals</strong></a>are changing the landscape of month-to-month rentals, and how an inexperienced investor can&nbsp;<strong>get started with “</strong><a href="https://www.biggerpockets.com/blog/good-debt-real-estate" rel="noopener noreferrer" target="_blank"><strong>good debt</strong></a><strong>”</strong>. Make no mistake, the lessons Ken talks through in this episode took d