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 —