Ashley Kehr on Building Wealth with Real Estate
Always on the GROW with Manny Vargas
Release Date: 02/15/2024
Always on the GROW with Manny Vargas
Keith Baulsir sent a single image, a mockup of a company's name on a building, to someone who had told him no years before. No lengthy pitch. No follow-up sequence. Just the right idea at the right moment, delivered to someone he had never stopped believing in. That one follow-up turned into a tens of millions of dollars naming rights deal. That's what playing the long game actually looks like. A 19-year sports sales veteran who helped launch the Vegas Golden Knights as one of their earliest employees, Keith has closed hundreds of millions in partnerships revenue across pro sports, college...
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Shab Azma walked into a four-hour plant medicine journey feeling spiritually bankrupt, directionless, and gutted from losing her biggest client. She walked out with a business plan. The founder of Arc Collective, a women led entertainment management company representing some of the most mission driven talent in the industry, Shab has spent 25 years in entertainment building relationships, managing careers, and quietly becoming one of the most connected people in the business. But it wasn't until she hit rock bottom, losing a client she had poured five years into, questioning everything about...
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Ronn Nicolli sat in a nearly empty Wynn on Christmas night in 2005 no retail open, barely a soul on the casino floor and watched that same property become so packed 20 years later that his family stood in line 45 minutes for an ice cream cone. That contrast, he says, is the entire lesson of what brand integrity, follow-through, and knowing who you are can build over time. The CMO and Chief Experience Officer of the Meruelo Group, overseeing the Sahara Las Vegas, Grand Sierra Resort, three radio stations, two Latin TV networks, and a portfolio of businesses that spans well beyond hospitality,...
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Dietmar walked into a company president's office unannounced, pitched himself on the spot, and walked out having been offered a bigger role than the one he applied for. That same boldness is what he says most sellers are missing, not in their pitch, but in their follow-up. The Sales Director for North America at Trimble, where he leads 23 reps across SMB, mid-market, and enterprise, Dietmar has spent over 15 years climbing every level of the sales ladder from technical engineer to director. Along the way he's developed a follow-up philosophy rooted in one simple truth: if prospects aren't...
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After a year and a half, Always on the Grow is back with a new focus. Host Manny Vargas, That Follow-Up Guy, explains the pivot, the work that happened behind the scenes (the book, the planner, building the brand), and what the show is about now: the unseen disciplines that separate those who start from those who finish. This isn't about motivation. It's about the follow-up behind the follow-through. The relentless habits. The systems. The moments when everyone else quits and you keep going. Starting next week, we're dropping 4 consecutive episodes featuring conversations with high-level...
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“You have the audacity to come knocking on my door, you better get off my property before I shoot you” The words were not copied word to word from a Hollywood movie. They’re the actual words Joni Wolfswinkel had to face from a man in Texas because she knocked his house which was about to be auctioned. Yes there had been times where Joni was carrying her baby to knock on pre-foreclosure doors. “Doing the things that I wasn't comfortable doing, eventually you do more and more of that, it just becomes natural to you” is what Joni believes. Her grit and perseverance eventually made her...
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“Rebounds are happening at every moment of our life, if you choose” Imagine being the team that goes all the way to the finals and then loses. Imagine a relationship you’re in that goes on for 5 years and then fails. Imagine building a business for 10 years and then it crumbles. What do you do? The least thing you want to do is go swimming in it, making it a theme park that you're living in and having a good time around. Because that's where it starts to become a problem, you've lived in it too long. You see “Life is full of adversity, life is nothing but adversity” And when you see...
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“Commitment means you're committing to something and you're in it to win it, you're burning the boats”. I Manny Vargas, the moment I’m committed to doing podcasts, I knew I was ready to go on a 10, 15, 20 year run. But what about the vanity metrics everyone is going after? Big brand name, status, becoming famous, looking cool etc. Am I getting them? No. Do I not like them? Of course I do. I too got into podcasting just for those metrics? But, what if I do not get the results as I wanted them to be? Will my podcasting disappear? It’s never going to disappear. There was always going to...
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There's different types of environments that you can get the opportunity to sell high ticket offers. I've been selling high ticket offers for quite some time, probably about 7 years. These different environments that I've sold were: Live Events, over the phone, and one to ones. Interesting part — a lot of the hard work is not done by someone like me in this High ticket environment, but a lot of the work gets done by the speaker themselves when they're on stage. I've sold products anywhere from $2,000 all the way up to $250,000. Right now, my sweet spot is in between $10,000 and $50,000....
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Leadership, hiring and training, and other sorts of the intricacies of business are the building blocks of business. Back in the day when I was running restaurants here in Las Vegas, I was doing a pretty good business. At least, that’s what I thought. Till the day, I received a nasty email from one of my employees. It’s a resignation letter where she explained what a laziest and most self-involved person I was. I was hiring employees, finding fault with every small thing, putting the blame on them for every mistake of mine — it was all a “big mess”. Now it was back in 2013, the year...
info_outlineReal estate investor Ashley Kehr started investing in real estate without cash in hand.
She brought onto the table her previous learning experiences.
She credits much of her success to the use of partners on real estate deals and creative financing.
Her background in accounting helped understand the nuances in business and real estate.
She purchased her first rental property in 2014 and since then has grown her buy and hold portfolio to over 30 units. She’s experienced in residential and commercial properties.
Currently she is the host of ‘The Real Estate Rookie Podcast’. She’s also the author of couple of books on real estate: Real Estate Rookie, Real Estate Partnerships. Her team runs a range of software tools that help real estate investors do the math and take wise decisions.
Ashley outsources property management and spends her time educating new investors and finding deals to BRRRR.
In this episode you will take away many promising insights as below:
- Importance of accounting to become a successful real estate investor. What should one do to start to get better at accounting if they don't have any sort of education around it?
- About a real estate and asset bookkeeping software that’s simplified and easy to use for anyone who is not good in accounting
- When you want to invest in real estate, what are the available options to get the financing so that you don't have to find a cash partner?
- What are the requirements for someone to get an investment loan from a bank
- Software that helps to calculate and do the analysis before you start investing in real estate
- What are the stones that get left unturned, what are the mistakes one can avoid when getting into real estate investing
- How can someone position himself to be an equal in a partnership where he has no cash to invest
- Four puzzle pieces as the reasons why people usually don't get started
- What does it actually mean when somebody says 'you got to do the work'? What kind of work can one expect to be doing in real estate partnerships?
- What does ‘Always on the Grow’ mean to Ashley?
Few Inspirational Quotes from the Episode
You can grow and scale your business but it's not going to be as successful as it could be if you're not growing yourself personally
· Make sure you're not just trying to grow and scale your business to have that 10 billion portfolio or to have a jet plane but make sure that you're growing personally
· For your first or your first several deals, it is worth giving up a little something just to get started to show your worth, to prove it to someone
· Don't get too bent up on what's fair, what's the best percentage because some percentage is usually better than no percentage if you're not even going to do the deal
· Four puzzle pieces as the reason people usually don't get started: No money, No time, No experience or knowledge, No courage
· If you are struggling to get started, the best thing you can do is to take action even if that action is analyzing one deal a day
Ashley’s work on social channels
Podcast: The Real Estate Rookie Podcast
https://www.facebook.com/groups/realestaterookie/
https://www.instagram.com/biggerpockets
https://twitter.com/biggerpockets
https://www.youtube.com/watch?v=qb-mdM0mi5k