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 - Intro0:50 - Ashley Rhame’s Business & How She Got Started14:18 - DealMachine Quick Tip16:50 - Getting Contractors From Home Depot18:37 - Starting A Fund30:02 - Changing Her Strategy & Building ADUs34:45 - What She’s Excited About Now40:27 - Working With Charity46:37 - Books That She Recommends51:59 - Working In Wealth Management53:21 - Closing Thoughts54:08 - Outro LINKS:Instagram: Ashley Rhamehttps://www.instagram.com/ashley_bettencourt_rhame/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/