Many Americans dream of financial freedom, but they’re stuck in dead-end jobs and don’t know how to get there. You don’t need to be one of them.
If you invested $35, 000 in the stock market today, it could take 52 years for that investment to grow to $1 million. But if you invested that same amount into one single-family $140, 000 rental property, it would only take 19 years. With just two rental properties, you could generate $417, 000 in profit in just 10 years.
Skeptical? Good, because that’s the first sign of a smart investor.
This book will tackle that skepticism head on… and give you confidence and a path to financial freedom.
THIS BOOK WILL TEACH YOU HOW TO:
• Secure your investment money
• Find your ideal market—and a positive-cash-flow property
• Efficiently manage your property
• Handle your record keeping
• Boost revenues and cut costs
• File your taxes using a step-by-step process
• Build your real estate portfolio
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Table of Contents
Text Boxes Explained
Part I – How to Achieve Financial Independence
Chapter 1 – A Note from Ken about Wealth
Chapter 2 – Why Real Estate Is a Superior Investment
Chapter 3 – You’ve Got What It Takes
Part II – How to Find, Purchase and Maintain a Rental Property
Chapter 4 – Step 1: Setup Your Business
Chapter 5 – Step 2: Get Your Investment Money
Chapter 6 – Step 3: Find Your Ideal Market
Chapter 7 – Step 4: Find Your Ideal Property
Chapter 8 – Step 5: Manage Your Property
Part III – How to Manage Your Money
Chapter 9 – Step 6: Do Your Books
Chapter 10 – Step 7: File Your Taxes
Part IV – How to Grow Your Wealth
Chapter 11 – Step 8: Boost Revenues and Cut Costs
Chapter 12 – Step 9: Build Your Rental Portfolio
Chapter 13 – Step 10: Further Your Education
Appendix I. Summary of Text Boxes
Index
` Additional Resources
Ken’s Books, Website, Podcasts, Facebook Page, etc.
Other Books, Articles and Resources
Biography of Ken
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Ken Mc Elroy, Author, Principal and Co-Founder of MC Companies, has nearly three decades
of experience in multi-family asset and property management and development.
MC Companies is a full-service real estate investment and property management group
that since 1985 has developed, built, and managed multi-family housing communities.
Currently the group owns over 8, 000 units in several states, including Arizona, Texas, and
Oklahoma worth more than $1 billion in real estate assets.
MC Companies believes in Sharing the Good Life with its communities
through donations and volunteering time to support various local and
national charities. MC Companies Team members annually donate more
that 2, 500 hours to local and national charities. Ken sits on the Board of
Directors for the Southwestern Autism Research and Resource Center.
For two years, he was the Walk Chair for Autism Speaks Arizona, an
organization he has been involved with for over 14 years. MC Companies
also supports the Cystic Fibrosis Foundation, Hydrocephalus Association,
The University of Arizona Health Sciences Center, The Leukemia &
Lymphoma Society, Susan G. Komen for the Cure and many more.
Ken is the author of the best-selling Rich Dad Advisor Series books
The ABCs of Real Estate Investing, The Advanced Guide to Real Estate
Investing, The ABCs of Property Management, and The ABCs of Buying
Rental Property as well as The Sleeping Giant and Return to Orchard
Canyon. He is also a contributor to The Real Book of Real Estate by Robert
Kiyosaki and Midas Touch by Donald Trump and Robert Kiyosaki.