How Real Estate Investor Robert Hammond Bought 74 Houses in Less Than 2 Years
by Brian Lee. Visited 3959 times, 1 so far today (15 comments) :: Print This Post
Posted: August 9th, 2009 under Non-Fiction, Real Estate.
I had the pleasure a few weeks ago of hanging out with Robert Hammond, a real estate investor who bought 74 investment properties in less than two years; accumulating $2.5 million in equity and $22,000 a month cashflow!
Everyone wants to know how the heck he did it… well, he started with around $40,000 and flipped two houses to bring that up to around $80,000. With $80k, he bought 10 houses, which is the Fannie Mae limit for single-family homes. He went to real estate mentor Del Walmsley to ask what he should do next.
Del advised him to start taking on partners. He found 6 partners to put up cash and credit for the next 64 houses!
Robert is truly and inspiration to all aspiring entrepreneurs. I am certainly fascinated by his success and have befriended him as a mentor. It will be exciting to see what he does next. Will he keep building his house portfolio, or will he move into apartment complexes?
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Genius Comments
Time: August 10, 2009, 6:04 am
Wow, that is really impressive. My goal is $15,000 a month in cash flow. I’ve told myself that if I reach that goal, I will donate $3,000 of that per month to charity.
Time: August 11, 2009, 11:09 am
Where are you at in your portfolio?
Time: August 17, 2009, 4:06 am
Wow! He’s an inspiration for people like me just starting down the road. I hope an average joe like me can pull the same thing as fast as he did. His story is indeed truly awesome! 
Time: August 23, 2009, 9:09 am
The video doesn’t work. Hats off to Robert. He is buying 3 house per month.
Time: September 6, 2009, 7:30 am
i wonder how he bought so many properties at such a low price and managed to sell them at so large a profit in such a small time
Time: September 9, 2009, 8:21 am
This site use to be cool till it got taken over by Lifestyles Unlimited. If I wanted to read about them I would have just gone to their website. It is a shame since you had some interesting post. This will be my last visit to this site.
Time: September 30, 2009, 11:32 am
Wow, that is really impressive.
Time: October 3, 2009, 9:12 am
Wow!! 74 investment properties in 2 years that is really an achievement. This post is so inspiring. Thanks for sharing.
Time: October 21, 2009, 10:02 pm
Where are you at in your portfolio?
Time: November 6, 2009, 5:07 am
Is this still doable in the current environment?
Time: November 6, 2009, 8:14 am
I’m seeing people do it every week in San Antonio. It’s doable in a stable real estate market which is primarily in the south-central portion of the U.S.
Time: November 22, 2009, 6:48 pm
My cousin and i bought a couple houses 3 years ago when we thought the market had bottomed out. Now were stuck with 2 houses with almost no equity and renters that are always late! We do make a small profit but i wish we would of waited another couple of years like this guy did.
Time: December 17, 2009, 10:30 am
Is there others cases like this one? Could someone do the same as Robert Hammond?
Thats really inspiring
Time: December 17, 2009, 10:47 am
Glad you asked! I’ve got a few more I just cut that I will post soon.
Time: January 1, 2010, 7:09 am
Incredible! Robert really does a great job in real estate. Very inspiring to those who wants to start on this venture.
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