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Ken McElroy Show

Community Q&A - Answering Your Questions

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8692 Ratings

🗓️ 4 November 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

Join Ken McElroy as he answers four of your questions about getting started in real estate investing! Learn more about getting started in real estate at http://www.kenmcelroy.com/get-startedLearn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Real Estate Strategies Podcast. I'm Ken McRoy and I'm here to give you creative ideas

0:06.8

on how you can get started or continue your journey in real estate. Each week we will bring you

0:12.4

inspiring and informative conversations with successful people and their path to obtaining

0:17.7

or investing in real estate. Enjoy the episode.

0:23.1

Hey everybody. Welcome to my podcast, the real estate strategies. So what I wanted to do today

0:29.7

is go over some of the questions that we're getting. We get a lot of really, really good

0:34.2

questions from a lot of different venues from TikTok, from Facebook,

0:39.3

from our newsletter, from Instagram, from YouTube. So it's really great. So thank you guys for

0:45.5

one, listening and two, for sending in your questions because we really do look at them.

0:52.3

And we really, really do have a team

0:54.5

of taking a look at these and deciding, you know, what's, what should we do a topic on it?

1:00.4

And it's very, very nice to actually do content for you and not just what I think you might

1:07.0

want. So the first thing is, this is Sam from TikTok and Sam asks, why don't you like

1:15.4

flipping houses for cash flow? Now, this is a great one because the first thing I thought of when

1:21.2

I saw this the other day was, you know, those shows that you see like, you know, guys online, you know,

1:27.4

on the, you know on on some of

1:30.4

the networks you know there's the flipping guys you know they're flipping houses and remodeling

1:35.5

stuff like that so i'll tell you um it makes for a good story you know but i i I don't believe that flipping houses takes a lot of

1:48.5

experience. It doesn't take a lot of, you know, ingenuity, really. It's basically you find a

1:56.5

house and find a contractor and find the money and and then you sell it and the the problem

2:03.6

that I have with flipping is I'm a cash flow guy and and flipping is more of a capital gain

2:11.8

strategy so it's a big difference and so so what I try to teach is passive income over a long period of time.

...

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