Ashley Hamilton is one of the most famous Affordable Housing investors from Detroit! If you want to be inspired, you need to listen to her story re: how she went from a $20K waitress salary to now making over $40K cash flow PER MONTH from government backed Section 8 rentals!!!
You’ll be hooked after you hear about Ashley’s inspirational story on the latest episode of “Affordable Housing & Real Estate Investing” where we covered the following topics:
1) Ashley’s background & real estate investing journey, including her “WHY” for having such high standards for her rehabs
2) How she vets contractors and prevents herself from getting ripped off
3) Busting the myths of Section 8 tenants!
4) How you can buy a $300K home with only $5K out of pocket
5) How to screen tenants and spot fake landlord references
6) Why is Affordable Housing so hard to solve for?!
Follow Ashley Hamilton (IG: @detroit_investor):
Ashley Hamilton is a Real Estate Investor who also is a Licensed Real Estate Agent, a Certified Hard Money Lender/Broker, owns a Property Management Company, as well as a Project Management Company. She started her investing career as a single mom, supporting her 2 kids day by day as a waitress making only $2.65/hr and $20k/year. In 2009 at age 22 she purchased her First home for only $6,300 using her tax refund and made a plan to purchase 1 property every year using the rental income from the previous properties and her tax return until she acquired 10 homes, and to be a millionaire by age 30. Today Ashley has become a self-made millionaire, building a real estate investment empire in Detroit. Now she owns over 30 properties with a portfolio worth over $2 million dollars. Apart from her Real Estate investments, she has rehabbed over 100 properties as a project manager, has coached over 400 real estate investors, through her masterclasses she has directly helped 30 students receive over $2 million dollars in business funding to grow their own businesses in the first 11 months of starting her company. She shares the powerful strategies and lessons she learned to leverage her situation and lay out the steps for them to accomplish similar goals through her Instagram account that has grown organically to over 25,000 followers in just 2 years, using social media she started another business selling digital products and affiliate partnerships.
Ashley has been featured on some of the world's biggest Podcasts with over 300k combined views on Youtube, she holds a place in the top 10 most downloaded podcasts on Biggerpockets which has over 4 million subscribers and has had over 500 episodes.
In addition to all that, she still maintains her own Property Management Company, which manages over 50 properties for out-of-state investors.
Ashley's passion is to provide generational wealth to her children and leave a legacy that spans 10 generations or more. She is passionate about her hometown of Detroit and revitalizing rundown and overlooked neighborhoods. Remembering the struggles as a child of a single mother on section 8 and the treatment her mother received, she believes in providing safe and clean housing no matter your income status. Her outlook on Business is doing the right thing, even when nobody's watching, and values relationships over money, and only participates in situations where everybody wins.
📢 DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, INSURANCE, TAX, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM.
📌 We are NOT insurance agents and we are not providing any insurance advice re: appropriate coverages for your properties. All investments have risks. This is not an offer to purchase securities.
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00:00 Podcast Highlight Teaser
00:26 Intro & Ashley's Background
07:53 Ashley's Rehab Standards & Rationale!
14:28 GEM! How to vet contractors and protect yourself!
17:38 Busting the MYTHS of Section 8 Tenants!
30:05 No excuses! Buy a $300K home with $5K
41:10 How to screen Section 8 Tenants
44:03 GEM! How to spot fake landlord references!
46:18 Why is Affordable Housing so hard to solve for?
47:22 From $25K to $40K cash flow PER MONTH!
52:38 What's next for Ashley?
#affordablehousing #section8 #realestate