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

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

FromBiggerPockets Real Estate Podcast


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

FromBiggerPockets Real Estate Podcast

ratings:
Length:
82 minutes
Released:
Oct 17, 2021
Format:
Podcast episode

Description

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 incomeWhy every investor needs to “become a rookie all over again”Using creative financing to structure deals that benefit the buyer and sellerLeveraging partnerships to find cash, divvy up responsibilities, and purchase more real estateOwning a business and learning the skills that every leader needs to succeedAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets PublishingBiggerPockets BookstoreReal Estate Rookie Youtube ChannelReal Estate Rookie FaceBook GroupBiggerPockets Rookie PodcastTony's InstagramBrandon's InstagramDavid’s InstagramReal Estate Rookie BootcampBiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley KehrBiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash ComingClick here to check the full show notes: https://www.biggerpockets.com/show519See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Oct 17, 2021
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.