How Real Estate Investor Robert Hammond Bought 74 Houses in Less Than 2 Years

From the Genius Types archive. Originally published August 9, 2009.

(The video originally embedded here is no longer available.)

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?