Get Creative with Pace Morby

Scaling a Real Estate Empire: Insights from Ken McElroy

Jan 15, 2025

32:17

Welcome to a new episode of Get Creative! In this episode, we dive deep into the world of real estate investing with the renowned Ken McElroy. Ken shares his personal journey, the strategies he's employed to scale his business, and the challenges he's faced along the way. From balancing personal life to raising capital and navigating institutional investors, this episode is packed with valuable insights for anyone looking to succeed in the real estate industry.

Highlights:

"Spend more time with your family. Spend more time with your wife, the best advice I could give you."

"There's a momentum and an inertia that every business has, that exists and so."

"You gotta have the buy in. So the first thing we did is we got our leadership team together, and we said, "All right, we want a 10 year goal."

"I'm not going to sit across the table from some 30 year old Harvard MBA that can crunch numbers and try to tell me at what cost I need to put the money at play."

Timestamps:

00:00 - The Importance of Work-Life Balance

02:11 - Ken McElroy's Continued Pursuit of Growth

06:34 - Developing a 10-Year Vision for Business Expansion

10:17 - Overcoming Challenges in Rapid Growth

12:24 - Raising Capital from Existing and New Investors

16:24 - Building a Dedicated Investor Relations Team

21:27 - The Significance of Market Selection in Real Estate Deals

26:21 - Transitioning from Individual to Institutional Investors

30:42 - The Differences Between Investor Types and Expectations

31:04 - Closing Thoughts and Upcoming Events

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