476: $10M Flip That Started With A Risky First Deal
Ashley Rhame explains how a risky first flip launched her from a near-zero bank balance to running large projects, including a $10M renovation.
The DealMachine Real Estate Investing Podcast · Ashley Rhame, David Lecko, Ryan Haywood
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Show Notes
Ashley Rhame walks through the risky first flip that nearly drained her bank account—and how that single deal set off a path that led to building a real estate fund, navigating market crashes, and ultimately taking on a $10M renovation in San Diego. This conversation breaks down conviction, risk management, scaling too fast, pulling back at the right time, and what it actually takes to survive multiple market cycles in real estate.
KEY TALKING POINTS:
0:00 - Intro
0:50 - Ashley Rhame’s Business & How She Got Started
14:18 - DealMachine Quick Tip
16:50 - Getting Contractors From Home Depot
18:37 - Starting A Fund
30:02 - Changing Her Strategy & Building ADUs
34:45 - What She’s Excited About Now
40:27 - Working With Charity
46:37 - Books That She Recommends
51:59 - Working In Wealth Management
53:21 - Closing Thoughts
54:08 - Outro
LINKS:
Instagram: Ashley Rhame
https://www.instagram.com/ashley_bettencourt_rhame/
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/