Ep 277: Building a 6-Figure Family Real Estate Business

[Mindy Jensen]

Many families can’t even enjoy a holiday meal together — but today’s guest has built a real estate empire with hers! Today we sit down with Ashley Wilson, a house flipper who got started investing in real estate while living overseas in Europe. Today, Ashley shares how she has been able to generate six-figures in profit — almost from the beginning — using a highly systematic approach to building wealth. She also drops some huge knowledge bombs with advice on finding and funding deals — and even some never-before-heard advice on knowing what features to put into your next rehab!

Listen here or on your favorite podcast app.

[Eric Hardt]

I understand that these things are short and you can only get into the weeds so much, but I wish there was a bit more questions from David and Brandon. David as the guest was definitely one of my favorite episodes ever as I really thought he was super intelligent and his out of the box thinking.

I think when Ashley talked about a $40k profit over 3 months, davids ears perked up like mine did. You’d have to clear $450 a day every day for 90 days to get there. I’m not calling bs on it by any means, I just think asking a bit more detailed questions about it would not only add a ton of credibility, but also give a lot more knowledge to new investors possibly interested in the vacation rental space.

I felt the same way with the previous guy with 22 units (I can’t recall his name). My perception from listening to that podcast was that his 10k a month was rent - piti and didn’t account for vacancies, maintenance, capex, etc. I definitely could have mistaken but I think questions about that could have lead to a lot more knowledge gain, healthy debate, and perhaps a different mindset.

With all that being said, obviously you want to be courteous to your guests. I don’t think you want to put anyone in uncomfortable spots, but I think those are some things that could make some of these episodes quite a bit better. I know David gave me a lot of motivation to grow my portfolio when he was a guest, so I hope as he gets more use to hosting, he does some of these things to really take this show to another level. Just my $.02