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Ken McElroy Show

Real Estate Realities: Ken and Danille’s Story + Insights from a Futurist

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8692 Ratings

🗓️ 5 December 2024

⏱️ 63 minutes

🧾️ Download transcript

Summary

In this podcast episode, Ken and Danille McElroy share personal insights into their recent home-buying journey, navigating high construction costs and loan challenges. Danille also discusses her experience subletting a rental property to an Airbnb entrepreneur, revealing the pros, cons, and lessons learned. In the final segment, Greg Lindsay, a renowned urbanist and futurist, joins to discuss housing trends, migration patterns, and the future of urban planning.

Learn more about Greg's work at https://greglindsay.org

• • • 

Visit Ken's Bookstore: https://kenmcelroy.com/books
 
• • •
 
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
 
• • •
 
DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
 
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast 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 podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
 
Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
 
© 2024 KenMcElroy.com, LLC. All Rights Reserved.


Transcript

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0:00.0

So we were just chatting about how Ken wants us to be sponsored by Pfizer.

0:07.4

I did not.

0:08.5

I think we actually should be.

0:09.7

I think that, you know, we're going to reach out to them.

0:11.7

Pfizer?

0:12.2

Yeah.

0:12.8

Then we'll say how we like love the vaccine and we love all their medications and everything.

0:20.0

No.

0:21.9

Anyways. No big farmer on this everything. No. Anyways.

0:22.8

No big farmer on this channel.

0:25.8

So anyways, we're closing on our house today.

0:30.8

I know.

0:31.3

The wire just came in.

0:32.5

I know.

0:32.9

It's pretty exciting.

0:33.9

Ken and I, we bought some land in 2019 and we were going to build. And then two acres. We bought

0:39.6

three lots, two acres. We're going to build this house. And then, boom. Well, you know, COVID happened. It took

0:45.5

over a year to get the city going again. Then the city shut down. Remember? I was trying to finish the

0:50.3

plans while the cities were closed. Oh my gosh. And they delayed it one year. They were

0:54.4

shut down for a year. And so then by the time we could build again, the building costs were just so

0:59.4

high. And then interest rates. Right. And interest rates. We just decided let's just hold off.

1:05.1

And I said, let's just renovate our house and see if things settled down because we also had to

...

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