Journey of a Successful Real Estate Investor: The Ashley Kehr Story
Real estate investing can be a lucrative venture for those who are diligent, patient, and willing to take calculated risks. One of the most inspiring stories in the field is that of Ashley Kehr, a former accountant who transitioned into a successful real estate investor with more than 30 units to her name. This post takes you through her journey and provides insights into how she made her mark in the industry.
From Accountant to Property Manager
Ashley Kehr began her career as an accountant but soon found that the conventional office setting did not suit her aspirations. Instead, she transitioned into property management, where she could apply her financial skills in a more dynamic environment. This move allowed her to effectively manage properties while keeping a keen eye on the financial health of her portfolio. This is a testament to the importance of good bookkeeping in every real estate venture.
Learning From the Maui Mastermind
One of the pivotal moments in Ashley’s real estate journey was attending the Maui Mastermind, a premier event for ambitious entrepreneurs. This experience transformed her perspective on investing and helped her understand the significance of focusing on the cash flow per deal rather than just the number of units. It also emphasized the importance of having robust systems in place to scale your real estate business. This shift in mindset set her on a path of success in the real estate industry.
The Importance of Trust in Real Estate Investing
Trust is crucial in forming partnerships and conducting business in real estate investing. Ashley’s journey underlines the significance of trusting your instincts when it comes to vetting potential partners and contractors. Your intuition and thorough research can often help you make wise decisions that will pay off in the long run.
The Power of Networking and Collaboration
Ashley's journey in real estate investing also showcases the importance of networking and collaboration. By understanding your investment markets and building relationships with other investors, you can diversify your portfolio and mitigate risk. Attending industry meetups, connecting with successful investors, and staying updated on market trends are essential.
Uncovering Hidden Gems in Real Estate
Ashley's strategy in real estate investing involves finding value in properties that others overlook. She shares a fascinating account of how she purchased a four-unit investment property for a mere $20,000, which later appraised for $220,000. This instance highlights the exponential potential of savvy real estate investments.
Diversifying Income with Mixed-Use Real Estate
One of Ashley's successful strategies involves diversifying income streams through mixed-use real estate. This strategy involves purchasing properties that can be used for both residential and commercial purposes. By doing so, she created multiple income streams from a single asset, mitigating risk and maximizing profitability.
Ashley Kehr’s journey in real estate investing serves as an inspiration for many. Her transition from accounting to property management, insights from the Maui Mastermind, and her knack for uncovering hidden gems in the property market all contribute to her success. By learning from her experiences and applying her strategies, you, too, can pave your way to success in real estate investing.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out http://www.trustgreene.com/podcast/zen/056.