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 journeyHow Ashley and her husband accumulate both rental properties and debtThe moment she purchased her first rentalHow her rental income helps her to be more conscious about moneyAshley and her partner's agreement on their investments2 rules to analyze markets for rentalsWhat a portfolio loan is and how to use itAshley's method of recycling her cash to buy more propertiesWhat her lifestyle looks like after reading Dave Ramsey's bookDebt snowball methodHow Ashley managed her various properties with various partnersAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Real Estate PodcastBiggerPockets Business PodcastBiggerPockets CalculatorsBiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley KehrBiggerPockets Money Podcast 20: The Simple Path to Wealth—Index Funds Explained with JL CollinsBiggerPockets Money Facebook GroupBiggerPockets Money Survey