Investing in Under $30k Real Estate and Working a Day Job with Lisa Phillips | BP Podcast 54

http://biggerpockets.com/show54 How much money does it really take to buy a rental property? $200,000? $100,000? $75,000? On today’s show, we are going to chat with Lisa Phillips, a real estate investor who buys real estate in the under-$30,000 range and achieves some incredible cash flow from her mostly-passive investing. Lisa shares some amazing insights into how she went from a personal foreclosure to owning several rental properties – bypassing the banks and investing creatively. If you are someone who is looking to get started investing with real estate investing without spending hundreds of thousands of dollars – this is the show for you. http://www.biggerpockets.com/renewsblog/2014/01/23/bp-podcast-054-30k-real-estate-lisa-phillips/

Comments

1. the banks made way more money from TARP bail outs....in my opinion thats why they held the policy of making borrowers miss payments before offering options for modification. i think they were stalling waiting on the gravy train ,at the same time charging late fees lmao
2. diamond problems in algebra
3. I completely agree people don't want to work or make the effort you are so correct on that.
4. other than putting the "homey feel" on your rental, by the way I agree 100% with you. I like to think to myself "I may not love this neiborhood, but have I made this house into a home I would be happy to live in". What can we do to set OUR rentals apart from others when the area is peppered with available voucher friendly houses like mine??
5. let's not just hear about the problems you have had in the past (stolen AC units, drug dealers) let's hear how you solved your issues.
6. Hey ms.Phillips I live in DC and was thinking about investing in Baltimore what areas should I look in?? Or should I just try the immediate DC suburbs
7. Thank you guys this was really informative, love Lisa Phillips she is a go getter!!
8. Rich Dad Poor Dad is sub par. You can sum the book up in a paragraph. The author just repeats and repeats himself.
9. I'm so glad yall got lisa phillips on here! she is really on the Grind! been following her for a minute. Keep doing what you doing!! Real estate investor / realtor myself with 2 properties under my belt. age 23. lets get it!
10. Thank you for this podcast it is extremely informative. Is there advice on doing credit checks?
11. I don't like the way that Lisa Phillips speaks about the people that she encounters in the lower income neighborhoods in Baltimore. She seems to really look down her nose at them as if she is somehow better than they are, and the 2 men hosting the show just giggle along in agreement like Beavis & Butthead. It doesn't take a genius to figure out what this woman is really saying about the people, but she needs to be careful of what she says. She could be just one U.S. economic collapse away from being a resident of one these neighborhoods of which she feels that she is so far above living. I'm sorry that the minorities of Baltimore disgust her so much.
12. Great Tip! Yes, all contact information so important!
13. I like you bigger pockets!
14. I haven't seen a recent video from her either on her channel/website :/
15. Hey Lisa you mention something about an under 30 club on one of your shows... Can you tell me more about that?
16. I love lisa shes the one who got me to take action and know that its possible!!!
17. whatever happened to her shes no longer on bigger pockets?