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Ashley Kehr on Building Wealth with Real Estate
Manage episode 401088324 series 3030071
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Real estate investor Ashley Kehr started investing in real estate without cash in hand.
She brought onto the table her previous learning experiences.
She credits much of her success to the use of partners on real estate deals and creative financing.
Her background in accounting helped understand the nuances in business and real estate.
She purchased her first rental property in 2014 and since then has grown her buy and hold portfolio to over 30 units. She’s experienced in residential and commercial properties.
Currently she is the host of ‘The Real Estate Rookie Podcast’. She’s also the author of couple of books on real estate: Real Estate Rookie, Real Estate Partnerships. Her team runs a range of software tools that help real estate investors do the math and take wise decisions.
Ashley outsources property management and spends her time educating new investors and finding deals to BRRRR.
In this episode you will take away many promising insights as below:
- Importance of accounting to become a successful real estate investor. What should one do to start to get better at accounting if they don't have any sort of education around it?
- About a real estate and asset bookkeeping software that’s simplified and easy to use for anyone who is not good in accounting
- When you want to invest in real estate, what are the available options to get the financing so that you don't have to find a cash partner?
- What are the requirements for someone to get an investment loan from a bank
- Software that helps to calculate and do the analysis before you start investing in real estate
- What are the stones that get left unturned, what are the mistakes one can avoid when getting into real estate investing
- How can someone position himself to be an equal in a partnership where he has no cash to invest
- Four puzzle pieces as the reasons why people usually don't get started
- What does it actually mean when somebody says 'you got to do the work'? What kind of work can one expect to be doing in real estate partnerships?
- What does ‘Always on the Grow’ mean to Ashley?
Few Inspirational Quotes from the Episode
You can grow and scale your business but it's not going to be as successful as it could be if you're not growing yourself personally
· Make sure you're not just trying to grow and scale your business to have that 10 billion portfolio or to have a jet plane but make sure that you're growing personally
· For your first or your first several deals, it is worth giving up a little something just to get started to show your worth, to prove it to someone
· Don't get too bent up on what's fair, what's the best percentage because some percentage is usually better than no percentage if you're not even going to do the deal
· Four puzzle pieces as the reason people usually don't get started: No money, No time, No experience or knowledge, No courage
· If you are struggling to get started, the best thing you can do is to take action even if that action is analyzing one deal a day
Ashley’s work on social channels
Podcast: The Real Estate Rookie Podcast
https://www.facebook.com/groups/realestaterookie/
https://www.instagram.com/biggerpockets
https://twitter.com/biggerpockets
https://www.youtube.com/watch?v=qb-mdM0mi5k
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