52: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy

<p>On today’s episode of the BiggerPockets Podcast, we talk with one of the most influential voices in the real estate investing world today –&nbsp;Ken McElroy.</p><p>Ken, the author of&nbsp;<a href="http://amzn.to/2a5QYOe" target="_blank">The ABC’s of Real Estate Investing</a>&nbsp;and several other influential books, shares his story of getting started with nothing and building up a real estate investment company with thousands of units and hundreds of employees. Ken has a lot of great advice and knowledge for people at all stages of their investing careers, and shares it in a fun, entertaining manner.</p><p>On today’s show we’re going to talk a lot about getting started, raising capital, and investing in large apartment complexes for big wins. Don’t miss a second of this exciting show!</p><p><a href="https://www.biggerpockets.com/bpp52-ken-mcelroy-podcast-transcript-raising-millions-buying-apartment-complexes" target="_blank">Read the transcript for episode 52 with Ken McElroy here</a>.</p><p>In This Show, We Cover:</p><ul><li>Getting started with&nbsp;no money&nbsp;– through property management</li><li>Why should someone&nbsp;invest in multifamily properties?</li><li>Using&nbsp;other people’s money&nbsp;to invest in real estate</li><li>Investing at a&nbsp;distance&nbsp;vs. investing&nbsp;locally</li><li>Determining the&nbsp;best locations and markets&nbsp;to invest in real estate</li><li>Cash flow vs. appreciation:&nbsp;which is best?</li><li>Ken’s newest&nbsp;$9 million dollar project&nbsp;</li><li>Why Ken&nbsp;loves bad landlords</li><li>How to find amazing apartment complex deals</li><li>Raising millions of dollars in 20 minutes</li><li>How to find&nbsp;a great property manager?</li><li>Should someone start with&nbsp;Apartment Complex Investing?</li><li>The&nbsp;worst mistake you can make&nbsp;as a real estate investing</li></ul><p>Links from the Show</p><ul><li><a href="https://www.biggerpockets.com/blog/2011/11/16/capitalization-rate-%e2%80%93-techniques-to-speed-up-your-decision-making-part-iii