BiggerPockets Money Podcast2 Mar 2020

114: Paying Off Debt Through Conscious Spending and Real Estate Investing with Ashley Kehr

Ashley Kehr married a dairy farmer. With a dairy farm comes farm equipment. And with farm equipment comes farm equipment loans—to the tune of around $169,000. Three years ago, she read Total Money Makeover by Dave Ramsey, and it CHANGED. HER. LIFE. Ashley knew she needed to get rid of their debt, but her husband wasn’t totally on board with the plan. So she tackled her student loan debt first—and proved to her husband that this was the right financial plan for their family. She quit the job she didn’t like and transitioned into property management, which introduced her to her current love of real estate. Real estate started providing a very generous income stream to help supplement her family’s income. When she didn’t have her own money to invest, she partnered with someone who did. When she didn’t have experience to do the project at hand, she partnered with someone who did. Ashley’s story is a delight to listen to. She walks us step by step through the process she took to find these partners, find these properties, and generate this income stream for her family. If you’re thinking about getting into real estate as a source of passive income, this is a must-listen episode! In This Episode We Cover: Ashley's money journey How Ashley and her husband accumulate both rental properties and debt The moment she purchased her first rental How her rental income helps her to be more conscious about money Ashley and her partner's agreement on their investments 2 rules to analyze markets for rentals What a portfolio loan is and how to use it Ashley's method of recycling her cash to buy more properties What her lifestyle looks like after reading Dave Ramsey's book Debt snowball method How Ashley managed her various properties with various partners And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Real Estate Podcast BiggerPockets Business Podcast BiggerPockets Calculators BiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley Kehr BiggerPockets Money Podcast 20: The Simple Path to Wealth—Index Funds Explained with JL Collins BiggerPockets Money Facebook Group BiggerPockets Money Survey Learn more about your ad choices. Visit megaphone.fm/adchoices

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(786)

The Brutal Cost of $50M in Real Estate by Age 31

In this episode of the BiggerPockets Money Podcast, Nic Morales shares how his experience working for the NFL led him into real estate investing and ultimately to managing a $50 million portfolio. He ...

1 Sep 56min

5 Kids, Modest Income, and $1M Net Worth in 7 Years

In this episode of the BiggerPockets Money Podcast, Dave shares how he and his family went from no real savings to building more than $1 million in net worth in just seven years while raising five kid...

28 Aug 54min

Starting From Zero at 50: How to Build $1M by 65

In this episode of The BiggerPockets Money Podcast, we explore how someone starting from zero at age 50 can build wealth and potentially reach a $1 million net worth by 65. We break down a realistic 1...

25 Aug 43min

The Bear Case vs The Bull Case for Megacap Tech

In this episode of The BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench are joined by special guest Carl Jensen to explore the bull and bear cases for megacap stocks, the future of AI,...

21 Aug 41min

What to Know Before Hiring a Financial Advisor

How do you choose the right financial advisor? Mindy Jensen and Scott Trench explain what to look for when hiring a financial planner, including AUM vs. flat-fee vs. hourly compensation, CFP credentia...

18 Aug 48min

How Scott & Virginia Trench Think About Goals, Spending and Investing

How do Scott and Virginia Trench actually run their household, set big financial goals, and build toward financial independence together? In this episode, Scott and Virginia pull back the curtain on t...

14 Aug 1h 2min

REITs Have Under Performed for 25 Years. Is the Next Decade Different?

REITs have underperformed for 25 years, but could the next decade be different? Jussi Askola joins us to look at where REITs stand today, how they are valued, and where investors may find the best opp...

11 Aug 54min

Can This 29-Year-Old Couple Retire by 40 With a $2.5M Portfolio?

Can a 29-year-old couple with a $1.7 million net worth become work optional by age 40? In this Finance Friday episode, we break down their financial plan after inheriting two rental properties and exp...

7 Aug 1h 3min