476: $10M Flip That Started With A Risky First Deal

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/