MC Companies' Plan to Buy $500 Million Of Real Estate
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 21 May 2024
⏱️ 30 minutes
🧾️ Download transcript
Summary
Ken McElroy is joined by Charlie Koznick, Chief Investment Officer of MC Companies. They talk about MC Companies' long term plan of investing in over $500 Million of real estate.
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Visit Ken's Bookstore: https://kenmcelroy.com/books
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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, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. 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.
Ken's company: https://mccompanies.com
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Transcript
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| 0:00.0 | Welcome to the Real Estate Strategies podcast. |
| 0:02.8 | Let's get right into this episode. |
| 0:04.4 | So we own over 10,000 apartments, 300 employees, and here's our plan to do over 500 million in transactions in the next 12 months. |
| 0:14.2 | Welcome to Charlie. |
| 0:15.0 | Thank you very much. |
| 0:15.8 | Can't wait to chat with you. |
| 0:17.3 | So Charlie's our CIO. |
| 0:19.2 | He is in charge of our strategy. And you look at what, |
| 0:23.8 | 10, 15, 20 deals a week? Yeah. I mean, it changes, right? When it's in a in a frenzied market, |
| 0:30.1 | we were looking in 2021, 2021, you're looking at 40 deals a week. It's a little bit slower now. So we're |
| 0:36.1 | probably analyzing 10, 15 deals a week. |
| 0:38.3 | And by the way, Charlie bought over 30,000 units in five years, so he knows what he's doing. |
| 0:44.4 | And I think we'll hit it. What do you think? Yeah. I mean, that's the, that is, you know, when the |
| 0:49.3 | time is right, you got to be in the place to strike. That's the, that's the key. I, you know, I like to flow with where |
| 0:56.4 | I think the best timing is to buy and when it's the best time to buy. You just go and then you |
| 1:00.4 | move from there. So 500 billion in acquisitions of the next 12 months, I think that's super doable |
| 1:07.3 | based on everything that we, so what makes a good deal versus a bad deal you know |
| 1:13.2 | i think it's kind of a i try to look at them in a financial aspect and then kind of the |
| 1:18.0 | storyline behind it right there's got to be a reason something about the project outside of |
| 1:22.7 | just the numbers that make you want to own this piece of real estate. Right? |
| 1:27.7 | You run your financial model. |
| 1:29.3 | That's kind of phase one. |
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