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☆ A real-estate investor who owns 35 units has never bought a home with a traditional mortgage. She explains how she uses 0% APR credit cards to fund investment properties, and why it's not for everyone
▼ + stars: | 2023-07-19 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

"I was using credit cards, commercial lines of credit, and hard money lenders." You can't just swipe your credit card to buy a house like you would a pair of shoes, by the way. With this strategy, "I use the credit cards to get started and then I use the bank refinance to continue," she explained. The average credit card interest rate was 20.92% in the first quarter of 2023. Now I'm going to go back to using 0% interest credit cards."

Persons: Ashley Hamilton, it's, Hamilton, wouldn't, they're, Hamilton doesn't, you've Locations: Detroit, Detroit , Michigan

☆ From paycheck-to-paycheck to financially independent: 3 strategies successful real-estate investors who started with nothing used to build wealth
▼ + stars: | 2023-07-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Real-estate investing, if done correctly, can yield life-changing wealth. However, he was able to point to rental income generated from his home, which increased his total annual earnings and improved his debt-to-income ratio. He earns six-figure profits from rental income each year and was able to walk away from his day job in July 2022. The other unit was already filled with a tenant, meaning he immediately started earning $1,600 a month in rental income, he said. Ashley Hamilton bought foreclosures in cash using her tax returns and then built 7 income streamsHamilton, 36, owns 35 units in Detroit, Michigan and is financially independent from her rental income.

Persons: Dion McNeeley, McNeeley, , Mike Newton, Newton, Mike Newton Newton, you've, Ashley Hamilton, Ashley Hamilton Hamilton, didn't, Hamilton didn't, Hamilton, She's, I've Locations: Detroit, Washington, Seattle, Gary , Indiana, Chicago, Hamilton, Detroit , Michigan, Detroit —

☆ A former waitress living paycheck-to-paycheck who now owns 35 rental units shares 2 principles she followed to achieve financial independence
▼ + stars: | 2023-06-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Ashley Hamilton was living paycheck-to-paycheck when she went to a local real estate conference. I love real estate because the barrier to entry is so low. Hamilton first learned about real estate in 2009, when she attended a free seminar in Detroit. Still, two concepts resonated with her that she says helped her go from living paycheck-to-paycheck to building a 35-unit real estate portfolio that has helped her achieve financial independence. Another trick that helped Hamilton think long-term was to always have a specific timeline for her goals.

Persons: Ashley Hamilton, Hamilton, Let's, Warren Buffett, subpar, Buffett Locations: Detroit, New York

☆ A former waitress who lived paycheck-to-paycheck bought her first home in Detroit for $6,300 using her tax return. She explains how she scaled up to 35 units and achieved financial independence before
▼ + stars: | 2023-06-14 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +11 min

Ashley Hamilton was living paycheck-to-paycheck when she decided she wanted to buy real estate. In 2009, she used her $7,000 tax return to purchase a $6,300 foreclosure in Detroit. Since, she's scaled up to 35 units and is financially independent thanks to rental income. Hamilton didn't have the cash at the time, but was anticipating a big tax return later that year. Hamilton, 36, owns 35 units in Detroit, Michigan and is financially independent from her rental income.

Persons: Ashley Hamilton, Hamilton, didn't, you'd, Hamilton didn't, I'm, she's, you've, they've Organizations: Detroit, MLS, Bank of America Locations: Detroit, Detroit , Michigan, Zillow

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