493: How COVID Changed Real Estate Forever (+How it Didn’t!) with Ken McElroy 01:14:11

    <p>It’s rare to find someone with the experience, knowledge, and downright friendliness of <a href="https://kenmcelroy.com/biggerpockets/"><strong>Ken McElroy</strong></a>, which is why we’re having him back on the show! This time,<strong> Ken breaks down some of the fundamental truths of real estate investing</strong> and how it can help you, as an investor, make more money, <strong>reach financial freedom</strong>, and live the life you were born to live.</p><p>Ken has <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 <strong>meeting </strong><a href="https://www.biggerpockets.com/blog/2016-05-16-learned-robert-kiyosaki-surviving-economic-recession"><strong>Robert Kiyosaki</strong></a> and working on books, education, and systems with some of the biggest names in real estate. Ken has been through <strong>multiple </strong><a href="https://www.biggerpockets.com/blog/real-estate-cycle"><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 <a href="https://www.biggerpockets.com/blog/analyze-short-term-rental"><strong>short-term rentals</strong></a>are changing the landscape of month-to-month rentals, and how an inexperienced investor can <strong>get started with “</strong><a href="https://www.biggerpockets.com/blog/good-debt-real-estate"><strong>good debt</strong></a><strong>”</strong>. Make no mistake, the lessons Ken talks through in this episode took decades to learn, but you can get them all in just over an hour!</p><p>In This Episode We Cover:</p><p>How <strong>COVID did (and didn’t) affect the market </strong>for real estate investors</p><p>Leveraging “<strong>good debt</strong>” so you can build your real estate empire</p><p>When <strong>prices of labor, </strong><a href="https://www.biggerpockets.com/blog/lumber-price-home-cost"><strong>lumber</strong></a><strong>, and new construction</strong> will flatten</p><p>What the<strong> future of the real estate market </strong>will look like, and how landlords can benefit</p><p><strong>Working with the system</strong> (government, tax codes, etc.) as opposed to working against it</p><p>Why <strong>great deals will always get funded</strong> (especially in today’s market!)</p><p>And <strong>So </strong>Much More!</p><p>Links from the Show</p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.biggerpockets.com/investment-calculators">BiggerPockets Calculators</a></p><p><a href="https://www.biggerpockets.com/youtube">BiggerPockets Youtube Channel</a></p><p><a href="https://odcfund.com/">OpenDoor Capital</a></p><p><a href="https://store.biggerpockets.com/collections/all-books">Brandon and David’s Books</a></p><p><a href="https://biggerpockets.com/bootcamp">Real Estate Rookie Bootcamp</a></p><p><a href="https://www.biggerpockets.com/blog/wp-admin/post.php?post=52783&amp;action=edit&amp;classic-editor">BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy</a></p><p><a href="https://www.airbnb.com/">Airbnb</a></p><p><a href="https://kenmcelroy.com/biggerpockets">Get Ken McElroy's free e-book for BiggerPockets listeners</a></p><p>Click here to check the full show notes: https://www.biggerpockets.com/show493</p><p><br></p>
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