I Bought My First Rental at 34, Now I Own 10,000. Here’s What I’d Do If I Started Today
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- Опубликовано: 14 апр 2025
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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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#kenmcelroy #realestate #realestateinvesting
housing Prices are too high. With rates not subsidised in ’25 and mortgage still high , currently seeking alternatives to maximise savings without an RV move or taking a loan. I’m seriously contemplating the latter.
Affording our mortgage is tough as well. I have suggested cashing in, renting or relocating, and investing the rest in the stock market.
Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
this is all new to me, where do I find a fiduciary, can you recommend any?
'Lisa Grace Myer ' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thank you Ken and team for this inspiring and important content on what is possible with real estate. We have liked the video and will share on our socials. We at Arbor Advising share the same mission on educating our clients as we help them build their portfolios with still relatively affordable Michigan real estate. Thanks again!
When I was 34, interest rates were 18% in 1980. Builders like me were bankrupt. I own two rentals for $50,000 per year income and $50,000 per year in social security, two million dollar net worth. I have enough. I don't need 10,000 units although at age 30 I thought I would own 10,000 units. Then, I got cancer. I stopped building. I took a trip around the world, climbed the pyramids, bought an off grid nature retreat, loved my kids. Life is good, 2 units or 10,000? Yes.
@jackgoldman1 💯! I’ve had a strategy that less is so much MORE! There is far too much stress in trying to manage all of that. But, we do need apartments for people to live in, so someone has got to do it. Just NOT me!
Enjoy life! Money is not everything life is too short enjoy!
How will you guys pay the emi of banks at the time of recession?
That's the apartment complex where I grew up - right across from Spanish Trails. It used to have grass everywhere (the most grass I've ever seen in any complex ever) and a bunch of mature trees. They replaced 90% of the grass with rocks and cut down a good amount trees. That place is a shell of its former 90's glory, but at least it still has 6 pools I guess.
The single biggest issue with intersexual dynamics is women wanting what they want, without wanting to accept the consequences or trade offs.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
wow this awesome 👏 I'm 47 and have been looking for ways to be successful, please how??
It's Esther A Berg doing, she's changed my life.
I do know Ms. Esther A Berg , I also have even become successful..
I have made more than 300K trading with her God bless Ms Esther A Berg God bless America 🇺🇸 I bought a new House and a car here in the states🇺🇸🇺🇸. Glory to God.shalom.
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?
The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
There are several independent advisors you could research. However, I have been working with “Grace Lorraine Austin for almost four years, and we get along great. If she appeals to your judgement, you could continue with her. I support her.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Who is doing your math? A $600 return on $30,000 isn't 5%.
How much were houses in 1995? I’m sure they weren’t averaging $402,000.
What’s crazy is that after reading Invisible Laws of Prosperity, you realize how much you were missing out on. From that point, you just start seeing things differently, and making moves that actually matter.
Thanks for sharing
Scam for book sells…
R/E is dumb.
Bought RSR at .005 last month, now it is at .007.
(.007/.005)-1=40% return in 1 month.
Why risk it in R/E?
So funny to see the divide. You've got people like me who are starting out similar to Ken and growing an empire with multiple rentals.
Then on the flip side, you've got the cry babies who can't afford a single house. Some figure out the game in the US, others just complain loudly and don't make any necessary changes to be a participant because of "unfair" wages and "high cost of living".
Some change, learn, and succeed through the trials of life and the challenges in our world.... others don't.
So rental income on 10k homes isn't enough and you want to make more on RUclips ads? That's what I learned
Ken kicken ass from day 1
what is a t belt?
Join Ken at Limitless this year! Follow this link: bit.ly/KenRUclips20250409
Use the code "Ken10" to save 10% off your registration.
I also bought my first investment property at age 34; it was a 4 unit condominium within a 90 unit condo complex in Oak Harbor, Washington. I had a little better return than your single condo. No more condos for me. Now at age 56, most of my money is with MC Companies.
You bots need to stop selling investor BS stories 😂
great point that most people never look at...where is the best place to put my money for the least amount of hassle....i bought my first single family at 25....i owned 4 and the duplex i lived in....i sold the last one at age 55 except for the duplex that i still live in....i am 69 and have lived in my duplex since 1982....i came to the fork in the road....i either had to expand or stay where i was at...my duplex has always been fully rented....
So your single family home doesn't need new roofs, paint, yard work, etc?
Bought my first at 36. Now we’re at 164. Coming for you!!!
Those HOA special assessments can be brutal and if you don’t pay, they send their in-house attorneys after you in order to rack up additional fees and fines. Never again.
Because of these guys, average house is now 400000 usd. He is basically inflation machine
Because of the government and federal reserve, not these guys. Real estate investors have always been there.
@ there is certainly involvement of government and reserve but these guys are also in it. This is money printing scheme at the end and all printed money is going to this guys coffers
You're the problem perhaps!
Awesome story!
Look at that young buck at 34. You're awesome Ken. Thank you for the videos.
🙏Thank you lord Jesus I hit $123,590 today. Thank you for all the knowledge and nuggets had thrown my way over the last week.i started with 9k in last week now i just hit $123,590
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Mrs Joyce kim
😱Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!
Same i met Joyce kim last year for the first time at a conference in Wilshire after then my Life has changed for good.God bless Joyce kim
Keep an eye on California. I am waiting to close on my 1031 exchange later today. Moved a block of commercial property to Ohio. Rent actually increased slightly but insurance decreased 70%!!! One more property and after 3 years I’ll be completely out of California. As a California, now Ohio resident, I am sickened by what has happened to my state.
Most people shouldn't buy a rental because they can't handle dealing with tenants. Even with a property manager.
Exploiting people through normalized toxic economic relationships has always been challenging for people throughout history who have good hearts and nervous systems.
It requires profound deficiencies to go along with such sicknesses.
Real estate investments at this point in time is most of the time, not worth it! Increasing home owners insurance, property taxes, upkeep, etc. Cost increasing too high! Best to find a good business to buy or start up. Way better investment if you choose the right one.
Thank you very much
he only makes money from youtube
Headache better off just keeping the money in index funds like us500
Millions of Americans are grappling with a worsening rental crisis, driven by rising rents, stagnant wages, inflation, and the growing unaffordability of housing. As a result, many are struggling to save, and homeownership-once key to building wealth and ensuring financial stability-is becoming increasingly out of reach for the middle class. The dream of owning a home is fading for more people as the situation worsens.
I'm 62, and rising prices have derailed my retirement plans . I worry that today's economic conditions are more challenging than ever. The stock market's unpredictability, coupled with reduced income and soaring inflation, makes me anxious about having enough for retirement.
working with a. fiduciary advisor has been a huge help in managing market uncertainty. Their advise on risk management and hedging has played a key role in growing my retirement savings to nearly a million. I've learned how to diversify, manage risk, and adjust to market changes. Thanks to their guidance, i feel more confident about my financial future.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
I have worked with a few financial advisors before now but i ultimately settled for Melissa Terri Swayne. She is SEC regulated and licensed in US. You can easily look her up
Thank you so much for your helpful tip! I was able to verify her on google and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks will be appreciated..
As a beginner, it is essential that you have a mentor to help you stay accountable. In my case, Marc Andrew Zabicki has guided me for years and I highly recommend him. I focus on him. To be honest, I'm almost hesitant to let someone take charge of growing my finances, but I'm so glad I did. ❤
I went from $176,000 in debt with zero savings or retirement, a year later fully debt-free and over $1M net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $50,000 monthly) and don't owe a dime to anyone. I'm especially grateful to Adviser Marc Andrew Zabicki, for his expertise and exposure to different areas of the market.
Marc Andrew Zabicki has made an incredible impact on the trading community. His guidance and expertise have helped countless individuals achieve their financial goals and his contributions have set a new standard for excellence in the industry. We're truly grateful for his dedication and hard work, and I'm sure his legacy will continue to inspire others for years to come.
Do a quick search with his name for his website.
I've just looked up his full name on my browser and found his webpage without sweat, very much appreciate this.
❤
renting is a divine crime - leeching on fellow humans
What do you think you are owed?
You prob never did it to claim that lol
G R E E D I S G O O D O K 👎