Single Mom to 60+ Unit Landlord and an Update From Ashley Hamilton

Ashley Hamilton is a multi unit landlord, investor, reverse flipper, hard money lender, and everything else in between. You may recognize her name from episode 331, appropriately titled “10 Real Estate Deals on a $20K Waitress Salary,” which became one of the most popular "BiggerPockets Real Estate Podcast" episodes. If you haven’t heard of Ashley, here’s a quick rundown: As a teen mom, Ashley was working hard daily to provide for her kids. With only a $20K/year salary, she began buying rental properties, often in cash, in the Detroit area. The last time we chatted, Ashley had ten units. But now, things are very different.

Ashley knew that ten units and $7,000/month in cash flow was life-changing, but wanted to go even bigger. Since then, she’s rapidly expanded her rental property empire, growing her landlord portfolio by many multiples and expanding into other businesses like consulting and hard money lending. She’s even developed her own version of the BRRRR strategy called “reverse flipping,” which makes high interest rates a non-issue when trying to refinance out of your property.

She gives some killer tips on keeping tenant turnover low, why paying taxes isn’t such a bad thing, and how betting on cities like Detroit can make you much wealthier. One surprising thing about Ashley is that she built the foundation of her portfolio on cash deals while making a below-poverty salary. So if you think money is the one thing stopping you from investing, Ashley will probably change your mind!

00:00 Intro
02:04 Quick Tip(s)
03:12 Food Stamps to Financial Freedom
09:50 Ashley's Current Portfolio
16:58 Going Slow to Build Wealth Fast
23:46 Reducing Tenant Turnover
32:09 The Bright Side of Paying Taxes
37:24 Bullish on Detroit
46:01 Reverse Flipping
55:13 Deal Deep Dive
01:13:33 Famous Four

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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Grab David’s Book, “Buy, Rehab, Rent, Refinance, Repeat”:
https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=owned_media
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Hear Our First Interview with Ashley:
https://www.biggerpockets.com/blog/biggerpockets-podcast-331-10-deals-20k-year-waitress-salary-ashley-hamilton?utm_source=youtube&utm_medium=description&utm_campaign=none
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Tenant Turnover Can Wreck Your Profits—Here’s the Simple Solution to This Costly Issue:
https://www.biggerpockets.com/blog/tenant-turnover-solution?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley on BiggerPockets:
https://www.biggerpockets.com/users/ashleyh5?utm_source=youtube&utm_medium=description&utm_campaign=none
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Work with Ashley Hamilton Consults:
https://www.ashleyhamiltonconsults.com/
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Follow Ashley on Instagram:
@detroit_investor or https://www.instagram.com/detroit_investor
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Connect with Rob (Robuilt) on YouTube, Instagram, TikTok, and Twitter:
Youtube: https://www.youtube.com/c/Robuilt
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Twitter: https://www.twitter.com/robuiltchannel
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Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow David on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/

Episode 674

Show notes at: https://www.biggerpockets.com/blog/real-estate-674?utm_source=youtube&utm_medium=description&utm_campaign=none

#biggerpockets #realestatepodcast #biggerpockets674


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