The Booming Industrial Real Estate Market
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 16 August 2023
⏱️ 57 minutes
🧾️ Download transcript
Summary
Find out more about Chad on his YouTube channel is https://youtube.com/@industrialize
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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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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.
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Transcript
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| 0:00.0 | Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything |
| 0:07.8 | real estate with the industry's biggest movers and shakers. I'm your host, Ken McElroy, joined by my |
| 0:13.9 | co-host, DeNeil. Let's get right into this episode. Hey, everybody's Ken and DeNeil.. And I'm excited to have Chad Grimuths here. |
| 0:22.8 | Chad is an expert in industrial. And as you guys know, we try to cover all aspects on this |
| 0:28.7 | real estate channel. So Chad, welcome to the channel. Yeah, hi, Ken and DeNeal. Very excited to be here |
| 0:34.6 | and happy to chat about anything to do with industrial real estate. |
| 0:42.4 | I know. Listen, we went and checked out your channel. You've obviously got a ton of videos. |
| 0:47.1 | You've brokered over a thousand deals. What I really like is you've been an active investor since 2014. So, you know, not like a lot of the folks that, you know, just got into the last |
| 0:51.9 | few years and they've, you know, they've had nothing but success. But let's talk about when you first came in the industry because at that time, |
| 1:00.1 | real estate was a bit in flux, right? |
| 1:02.9 | Yeah. So I started in 2005. That's when I first became a broker. And that there, that was a |
| 1:08.1 | pretty good time, but it was right before the Great Recession in 2007. |
| 1:12.6 | So I had a little bit of time to get my feet wet. |
| 1:14.8 | And then all of a sudden we're into the worst recession that people had seen in decades. |
| 1:19.8 | So it was really that beat to the fire kind of moment. |
| 1:22.9 | And I'd wanted to invest all along. |
| 1:25.4 | I've owned some residential properties. |
| 1:30.0 | I had a small fourplex at one point. So I wanted to invest all along. I've owned some residential properties. I had a small fourplex at one point. So I wanted to invest in commercial real estate, but it took that long of going through |
| 1:34.9 | a recession, trying to get my feet under me, and then saving up money and investing and having |
| 1:40.4 | enough of a pile of money that I could actually start deploying that it really took so |
| 1:45.3 | 2005 I got started an industry bought first industrial property nine years later in 2014 yeah well I think |
| 1:52.6 | the reason why I wanted to start there is because I think that um you know I knew you had gotten |
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