519: 5 Keys to Becoming a Millionaire on Less Than $100k Per Year

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 17 October 2021

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You may know Ashley Kehr from the Real Estate Rookie Podcast, but you may not know that only a short time ago she was a rookie herself. Ashley started as a property manager for a local investor and slowly made her way from owning one property to owning thirty-three long-term rentals, a short-term arbitrage property, two commercial units, and one mobile home park. Quite a diverse portfolio! What makes this even more impressive is that Ashley wasn’t coming into real estate with boatloads of cash. In fact, she and her husband have never collectively made more than six figures from their W2 jobs. So how does someone with a median income generate such a massive amount of cash flow, appreciation, and time freedom? Ashley discusses the five fundamentals of real estate investing that led her to seven-figure net worth. These fundamentals can be used by anyone, at any stage in real estate investing, no matter their experience level. If you’re ready to supercharge your investing and go from rookie to rockstar, commit to the game plan Ashley has laid out! In This Episode We Cover: How to invest in real estate while making a median income Diversifying your portfolio so you have multiple exit strategies and streams of income Why every investor needs to “become a rookie all over again” Using creative financing to structure deals that benefit the buyer and seller Leveraging partnerships to find cash, divvy up responsibilities, and purchase more real estate Owning a business and learning the skills that every leader needs to succeed And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Publishing BiggerPockets Bookstore Real Estate Rookie Youtube Channel Real Estate Rookie FaceBook Group BiggerPockets Rookie Podcast Tony's Instagram Brandon's Instagram David’s Instagram Real Estate Rookie Bootcamp BiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley Kehr BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming Click here to check the full show notes: https://www.biggerpockets.com/show519 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the bigger Pockets podcast episode by one nine.
0:06.1	So I thought today we could kind of go into how someone else
0:09.2	can attain that and reach that.
0:11.8	My husband and I combined made over $100,000 with my W2
0:16.2	and his farm income.
0:17.4	We were able to reach that not worth with real estate.
0:21.5	You're listening to bigger pockets radio,
0:24.0	simplifying real estate for investors large and small.
0:27.8	If you're here looking to learn
0:28.9	about real estate investing without all the hype,
0:31.8	you're in the right place.
0:33.6	Stay tuned and be sure to join the millions of others
0:36.6	who have benefited from bigger pockets.com,
0:39.6	your home for real estate investing online.
0:42.6	What's going on everybody?
0:43.9	This is David Green, your host of the bigger pockets
0:46.6	real estate podcast here today with my co-host,
0:49.4	the one the only, the lovely Ashley Care
0:52.4	of the real estate rookie podcast, Ashley, how are you today?
0:55.8	Good, are you surprised to see me today?
0:59.0	Well, yes, so I tune in and I'm expecting
1:01.6	to see the bearded wonder himself.
	...

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