348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley Kehr

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 19 September 2019

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s guest is proof rental property investing can be fun, rewarding, and—with the right systems in place—totally doable… even with a job and a family. Ashley Kehr sits down with Brandon and David and shares some great advice for building a rental property portfolio without much hassle or headache! Ashley manages all her own rentals and discusses the top three apps she uses to do it with ease. She also shares how she structures her partnerships, how she pitches her deals, and how she’s finding deals in today’s hot market. Ashley gives great advice for what most newbies get wrong about investing, which apps she uses to find off-market property owner info, and how she uses her children to help her find potential deals! Plus, you won’t want to miss how Ashley helped her sister buy a duplex (and spend just $45 a month to live there), as well as how she bought a property no one else wanted, pulled $6,000 more out of it than she put in, and created a cash flow of almost $1,000 a month! Today’s show is fun, entertaining, and full of great advice for investors of all levels. Download this one today! In This Episode We Cover: 3 apps Ashley uses to remove herself from the business How she uses technology to systemize her rural business How she structured her first partnerships (with ease!) Where she's finding deals How she used her current job and boss to get into investing What newbies get wrong about the reality of investing How she uses apps to find off-market deals Using her children to find deals while driving in the car (a fun family game!) How she helped her sister buy a duplex at 20 years old How she bought a property for each of her kids How she set it up to be paid off and refi-ed by college How she uses a commercial line of credit to borrow money to buy new properties How she finds properties on the MLS Why she always tells everyone she buys rental properties What her favorite parts of the business are How she bought a property no one else wanted for $35K, pulled out $6K more than she put in, and cash flows almost $1K/month And SO much more! Links from the Show BiggerPockets Conference (Last Chance!) BiggerPockets Forums BiggerPockets Webinar BiggerPockets Instagram BiggerPockets Twitter Profile BiggerPockets Pro Buildium AppFolio One Drive Google Drive Google Voice Everlance Landglide OnX Maps Zillow BiggerPockets Podcast 346: 34 Units & 6-Figure Wholesale Fees (at 20 Years Old!) with Josiah Pott BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock Brandon's Instagram David's Instagram Check the full show notes here: http://biggerpockets.com/show348 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast Show 348.
0:04.0	Yeah, so my own properties and the ones I have a partners are completely separate from my job.
0:09.0	So I actually have property management software that I use. Everything is remotely. I
0:14.8	could be on a beach right now and manage my real estate.
0:18.6	You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small. If you're
0:25.8	here looking to learn about real estate investing without all the height you're
0:29.7	in the right place. Stay tuned and be sure to join the millions of others who have benefited
0:35.1	from bigger pockets.com. Your home for real estate investing online.
0:40.3	Hey what's going on everyone this is Brandon Turner host to the bigger pockets
0:43.5	podcast here with my co-host David Green. What's up David Green? How you doing?
0:48.9	Doing great. We had an awesome interview today with Ashley and this is what it's all about.
0:54.1	Yeah, so good. Yeah, Ashley is a real estate investor from the upstate New York area who's just
1:00.1	absolutely crushing it in her business has a ton of great, great tips to talk about today.
1:04.4	I mean, everything from like how she uses partners,
1:06.8	including her very first deal, no money down
1:08.8	with a partner using a strategy that I absolutely love, how she's like involving her kids, her young kids in her real estate business in a really phenomenal, kind of an inspirational way.
1:20.0	Very cool story there.
1:21.0	She talks about how she buys property using a commercial line of credit
1:24.1	which you'll love that a very very neat tactic and really just a lot of good stuff. I mean like she
1:29.7	just tells this great story during the Deal Deep Dive about how she pulled she did like this
1:33.6	bird deal and pulled out more money than she ever had into it so it's like not just
1:36.9	no money down but better than no money down which is super cool so all that and
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