{"id":53324,"date":"2014-01-23T00:05:45","date_gmt":"2014-01-23T07:05:45","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=53324"},"modified":"2023-04-11T04:36:03","modified_gmt":"2023-04-11T10:36:03","slug":"2014-01-23-bp-podcast-054-30k-real-estate-lisa-phillips","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2014-01-23-bp-podcast-054-30k-real-estate-lisa-phillips","title":{"rendered":"Investing in Under $30k Real Estate, Working a Day Job, and Good Vs. Bad Neighborhoods with Lisa Phillips"},"content":{"rendered":"<p>How much money does it really take to buy a rental property?<\/p>\n<p>$200,000? \u00a0$100,000? $75,000?<\/p>\n<p>On today&#8217;s show, we are going to chat with <strong>Lisa Phillips<\/strong>, 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. \u00a0Lisa shares some amazing insights into how she went from a personal foreclosure to owning several rental properties &#8211; 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 &#8211; this is the show for you.<\/p>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp54-lisa-phillips-podcast-transcript-working-day-job-bad-vs-good-neighborhood\" target=\"_blank\">Read the transcript for episode 54 with Lisa Phillips here<\/a>.<\/p>\n<h2>Listen to The Show on iTunes<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC8557587499\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>In This Show, We Cover:<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-43638\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/05\/BiggerPockets-Podcast-_-Real-Estate-Investing-and-Wealth-Building-9.42.11-AM1-150x150.jpg\" alt=\"BiggerPockets Podcast _ Real Estate Investing and Wealth Building 9.42.11 AM\" width=\"150\" height=\"150\" title=\"\"><\/a><\/p>\n<ul>\n<li>Investing in real estate while navigating the <strong>instability of day jobs<\/strong><\/li>\n<li>How <strong>going through a foreclosure<\/strong> changed Lisa&#8217;s financial future&#8230; for the better<\/li>\n<li>Knowing when to <strong>call it quits<\/strong><\/li>\n<li>Tips for <strong>negotiating<\/strong> with creditors<\/li>\n<li>What makes <strong>motivated sellers<\/strong> attracted to a certain real estate investor?<\/li>\n<li>Tips for defining a <strong>good vs bad<\/strong> neighborhood<\/li>\n<li>Finding a <strong>property manager<\/strong> who exceeds your expectations<\/li>\n<li><strong>How much<\/strong> does a good property manager charge?<\/li>\n<li>Simple tips for <strong>attracting the best tenants<\/strong> to your rental properties<\/li>\n<li>The positives and negatives of <strong>low-price investing<\/strong><\/li>\n<li>What <strong>crimes<\/strong> are acceptable?<\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a title=\"Tenant Screening: The Ultimate Guide\" href=\"\/renewsblog\/2013\/01\/27\/tenant-screening\/\" target=\"_blank\">Tenant Screening: The Ultimate Guide<\/a><\/li>\n<li><a href=\"http:\/\/www.narpm.org\/\" target=\"_blank\" rel=\"noopener\">NARPM &#8211; National Association of Residential Property Managers<\/a><\/li>\n<li><a href=\"http:\/\/CrimeReports.com\" target=\"_blank\" rel=\"noopener\">CrimeReports.com<\/a><\/li>\n<li><a href=\"http:\/\/SpotCrime.com\" target=\"_blank\" rel=\"noopener\">SpotCrime.com<\/a><\/li>\n<li><a href=\"http:\/\/Rentometer.com\" target=\"_blank\" rel=\"noopener\">Rentometer.com<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in the Show:<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2a9oIeb\" target=\"_blank\" rel=\"noopener\">Rich Dad Poor Dad<\/a> by Robert Kiyosaki<\/li>\n<li><a href=\"http:\/\/amzn.to\/29X2JU7\" target=\"_blank\" rel=\"noopener\">The 4 Hour Workweek<\/a> by Tim Ferriss<\/li>\n<\/ul>\n<h2>Tweetable Topics<\/h2>\n<p>&#8220;Be clear &amp; upfront with what you can do for other people. What\u2019s in it for them?&#8221; (<a href=\"http:\/\/ctt.ec\/eD77f\" target=\"_blank\" rel=\"noopener noreferrer\">Click to Tweet!<\/a>)<br \/>\n&#8220;Landlords: never sacrifice your standards just to fill a vacant unit.&#8221; (<a href=\"http:\/\/ctt.ec\/Ot0Rx\" target=\"_blank\" rel=\"noopener noreferrer\">Click to Tweet!<\/a>)<br \/>\n&#8220;When looking to invest in real estate, leverage the power of the internet.&#8221; (<a href=\"http:\/\/ctt.ec\/02Ng5\" target=\"_blank\" rel=\"noopener noreferrer\">Click to Tweet<\/a>)<\/p>\n<h2>Connect with Lisa<\/h2>\n<ul>\n<li>Lisa&#8217;s <a href=\"https:\/\/www.biggerpockets.com\/users\/Username2\" target=\"_blank\">BiggerPockets Profile<\/a><\/li>\n<li>Lisa&#8217;s <a href=\"\/renewsblog\/author\/lisaphillips\/\" target=\"_blank\">BiggerPockets Video Blog<\/a><\/li>\n<li>Lisa&#8217;s website: <a href=\"http:\/\/www.AffordableRealEstateInvestments.com\" target=\"_blank\" rel=\"noopener\">www.AffordableRealEstateInvestments.com<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How much money does it really take to buy a rental property? $200,000? \u00a0$100,000? $75,000? On today&#8217;s show, we are going to chat with Lisa Phillips, a real estate investor [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-53324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/53324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=53324"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/53324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119637"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=53324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=53324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=53324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}