Follow Us on Social Media

email icon rss icon linked.in icon google plus icon twitter icon facebook icon

Archive of Lisa Phillips

Lisa Phillips is the first video blogger that exclusively advises everyday investors on how to cash in on working class neighborhoods for higher profits with sensible investing strategies. You can visit her hours of free videos and tips On Google + Here!

Lisa has written 20 articles for The BiggerPockets Blog.


Real Estate Investing

In Real Estate, You May Have to Kiss A Few Frogs… Here’s Why!

by Lisa Phillips July 1, 2014
Thumbnail image for In Real Estate, You May Have to Kiss A Few Frogs… Here’s Why!

I advocate going into neighborhoods that are safe and cost significantly less than others. However, when searching for these gems of cash flowing investments, I see frustration sometimes when people are searching, and just wanted to make things very clear: IN THIS PRICE RANGE, YOU’RE GOING TO HAVE TO KISS A FEW FROGS BEFORE FINDING […]

3 Read the full article →
Investor Psychology

Start Small: How Purchasing 1 Investment Property A Year For 10 Years is Really All You Need

by Lisa Phillips June 24, 2014
Thumbnail image for Start Small: How Purchasing 1 Investment Property A Year For 10 Years is Really All You Need

When you’re getting started in real estate investing, you hear so much advice from experienced investors, its really hard to determine a strategy on where to start. I have one bit of advice for you in order to help break this real estate investing thing down, and give you a model that can help make […]

27 Read the full article →
General Real Estate

How to Protect Yourself When Purchasing a Property “As Is”

by Lisa Phillips June 17, 2014
Thumbnail image for How to Protect Yourself When Purchasing a Property “As Is”

When you’re new to real estate investing, there are many different variables that make submitting bids and purchasing a house a bit intimidating. When you mix in the fact that you need to put down a deposit (earnest money deposit), this makes the process even more anxiety filled. However, two protections that are often included […]

13 Read the full article →
General Real Estate

Prepaid Legal Services – Are You Throwing Good Money Away?

by Lisa Phillips June 10, 2014
Thumbnail image for Prepaid Legal Services – Are You Throwing Good Money Away?

Hello! I have used pre-paid legal services over the past year, and I definitely recommend their services! Although there are many positives, there are also draw backs. What I want to focus on in this video is, do you get the quality you need from such a small fee/yearly fee? Let’s discuss! Related: How to […]

12 Read the full article →
Business Management & Productivity

Make Your Contractors Accountable Without Having To Be There In Person

by Lisa Phillips May 26, 2014
Thumbnail image for Make Your Contractors Accountable Without Having To Be There In Person

Hello! When you’re working full time and can’t be on site every day during a renovation,  one quick tip is to insist upon is having your contractor take photos of all the work performed! The majority of contractors have smart phones with photo taking capabilities, and many are more than happy to comply with the request. […]

7 Read the full article →
General Real Estate

How To Find A Investor-Savvy Real Estate Agent

by Lisa Phillips May 18, 2014
Thumbnail image for How To Find A Investor-Savvy Real Estate Agent

Finding a real estate agent that understands what it means to be investor friendly can be extremely hard. This is an agent that understands that you will be placing in the lowest bids possible, which translates to a lot of potential work with less commission for them. However this real estate agent not only exists but […]

4 Read the full article →
Real Estate

Upgrades Vs Home Improvements In Low Income Rentals

by Lisa Phillips May 11, 2014
Thumbnail image for Upgrades Vs Home Improvements In Low Income Rentals

This is part 2 of the series, “I’m not going to live there so I’m not going to pay for ______.” As new investors, especially in low income neighborhoods there is a mindset that some people suffer from called the “I’m not going to live here” mindset. There can be times when it comes to spending […]

4 Read the full article →
Rental Properties

Have Some Pride in Your Low Income Rentals!

by Lisa Phillips May 4, 2014
Thumbnail image for Have Some Pride in Your Low Income Rentals!

This is part 1 of the series, “I’m not going to live there so I’m not going to pay for ______” As new investors, and especially in low income neighborhoods, there is a mindset that some people suffer from. It’s the “I’m not going to live here” mindset. There can be times when it comes […]

35 Read the full article →
Real Estate

Handle With Kids’ Gloves: An Insider’s Tip for Dealing With Your HOA

by Lisa Phillips March 4, 2014
Thumbnail image for Handle With Kids’ Gloves: An Insider’s Tip for Dealing With Your HOA

Home Owner Associations are the bane of most homeowners, let alone real estate investors, existence. They are created as an entity with a community elected board that mainly consists of a President, Treasurer, and Secretary that can last 1-3 years. Their purpose is to maintain the community facilities and govern and enforce the rules of […]

6 Read the full article →
Real Estate Investing

The “Coziness” Factor: 5 Key Property Improvements to Rent Your Vacant Units Faster

by Lisa Phillips February 23, 2014
Thumbnail image for The “Coziness” Factor: 5 Key Property Improvements to Rent Your Vacant Units Faster

When investing in buy and hold rentals, the general thought is to splurge on upgrades for higher-end rentals, and not splurge on lower-end rentals because the “returns” are not so great. However, today I want to explain that there are “softer returns” when investing in a lower end price range that are just as valuable […]

22 Read the full article →
Real Estate Deal Analysis & Advice

How to Find Great Working Class Neighborhoods to Invest In Using The “Leveraged Analysis Technique”

by Lisa Phillips February 16, 2014
Thumbnail image for How to Find Great Working Class Neighborhoods to Invest In Using The “Leveraged Analysis Technique”

Today I would like to share with the BiggerPockets audience a systematic technique I use to vet low priced/high cash flowing neighborhoods: The Leveraged Analysis Technique. This process leverages the available resources so we can find safe Working Class Neighborhoods (WCNs), as well as cut our search time in half by not wading through duds. […]

18 Read the full article →
Real Estate

Why Do Haters Hate?

by Lisa Phillips February 9, 2014
Thumbnail image for Why Do Haters Hate?

Are working class neighborhoods bad investments? I just want to address why those in the real estate investing world have such a negative view of working class neighborhoods and cheap properties. I really feel it stems from two places: They have an old-school way of thinking about these neighborhoods that does not incorporate the new […]

17 Read the full article →
Real Estate

What Needs To Be Said About Appreciation

by Lisa Phillips February 2, 2014
Thumbnail image for What Needs To Be Said About Appreciation

Since I am on the ground in working class neighborhoods, I always try to find out the story of how the neighborhood became so distressed with low prices.  I always find out that these houses used to be in great neighborhoods 20, 30, 40 years ago – but when the jobs left, the neighborhoods began […]

13 Read the full article →
Real Estate

What A “Working Class Neighborhood” Is … and Isn’t

by Lisa Phillips January 19, 2014
Thumbnail image for What A “Working Class Neighborhood” Is … and Isn’t

When discussing different real estate investing strategies, there is a lot of negativity surrounding the strategy I invest in – low income investing. The numbers may look great, but the negativity causes a lot of new investors to shy away. So what should a new investor believe? I feel one of the greatest opportunities for […]

25 Read the full article →
Real Estate

A Year To Do A Rental Property Renovation? Sometimes….

by Lisa Phillips January 12, 2014
Thumbnail image for A Year To Do A Rental Property Renovation? Sometimes….

Hi, here’s a little story about a year long odyssey of my year long renovation of my second rental property. I paid 13k for a row home in Baltimore, MD and it took me a year to complete the renovation and get a tenant in. I’ll share why this took so long, and why that […]

13 Read the full article →