Income SKYROCKETS After 2 Rental Properties (here's how)

Ken and Danille McElroy discuss why your second rental property is the turning point that accelerates your financial growth. In this video, they break down the compounding benefits of real estate investing and how building a portfolio can exponentially increase your passive income and net worth.

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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.


Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.

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Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’

Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.

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[KenMcElroy]

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[castlerc]

Teaching my son with this. 7 rentals almost paid off, retired at 55. Selling one and buying a boat to cruise the Caribbean. Yeah it’s possible, I did it.

[Cesarinaella]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

[BradleyMaurice]

Purchase (2) modest investment rentals. (I own 4.) It is a part-time hands-on business and a ticket to a comfortable retirement if you are willing to deal with the headaches. I buy clean low-mileage cars in cash and I carry no balance on credit cards. I "retired" 10 years ago and my portfolio is worth more now (inflation considered). I will not outlive my resources if I live to be 100.

[lihuabenchen]

just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[AdamsFerguson]

just sold a property in Manhattan and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains within months, I'm really just confused at this point.

[wanderingdoc]

Being a landlord is not "fully passive". It takes time and work, whether you have a PM or not. It's probably 50% "passive".
Being an LP in a syndication is as close as you can get to being "fully passive".

[jacobyatako]

This is 100% true to a tee. I have 19 tenants and it's ALL about the deal because that allows you to recycle capital much faster the better the deal is or get to the next deal much faster the better the cashflow is.

[lgdelvalle]

Notice, Ken started by working for a property management company...knowledge is so important.

[pepsidietpepsi]

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

[agrxdrowflow]

Got five rentals and too much income now. I hate paying taxes!

[moodydubs]

I just closed on my second property that I will use as rental! Thanks to you two and your wisdom I will be starting my journey of owning mulitple properties. Cheers!

[Maxrotor]

I have 6 paid off rental properties and this is not passive income. If you are only cash flowing a few hundred dollars per month, you are only one major repair away from a loss for the year. That said, I love it. But, a lot of these YouTube channels make it look too easy.

[Cisio]

Great video. I am 10 days away from acquiring my second rental property and I started in my mid 30s. I have also 3 pieces of land that generate cashflow plus a decent chunk of money invested in the market. I am always looking for deals, try to talk to people, generate a network of smart people. I live in Italy btw, so I think it's a little different here than it is in the USA, but still doable

[TheTrancemix]

This works in markets where prices are reasonable and reachable. I’m in Vancouver and the average condo here is like 700k so it’s pretty hard to save and purchase multiple units. There has to be a different strategy for expensive markets

[walkingconifer]

In today’s market, positive cash flow is hard to achieve

[Nachitoleon]

I love this can of information it motivates me to keep going thank you Ken and Daniel you guys are my YouTube mentors, I’m in that beginner situation and living in California 😅 trying to execute my first rental property next year 😁🙏🙏🙏

[josephmorneau]

I have two homes cashing flowing nicely. With interests rates so high now, I don’t see how to do that now unless I put down 50% of more.

[jackouille]

I’m sorry, what did you say about property??? My brain just froze looking at those cross legged and reddish hose pants 😂😂😂

[ashog]

Im gonna start with my first Multi here in the next couple months to a year tops slowly developing my career to earn more $$ but keeping my lifestyle the same. And i have saving enough now to do it just the interest rates are still so damn high