Baltimore Home After Renovation, Purchased For 13k
Here is my introductory podcast, where I explain why you should listen to anything I have to say. I have 4 rental properties that I purchased for less than 35k each for rental income, and explain experience I have that I am bringing to you as an audience member. I have found a formula that is not a get rich quick scheme, but is logical and takes the market, sellers, buyers, and contractors into account, and its completely repeatable for everyone who reads this blog, anywhere in the world. Please remember, my experience and my knowledge came through very hard work and determination, and I hope you can see my sincerity in sharing all of my knowledge with you to enable you to have the confidence to start upon a life of using investment realty for creating rental property income.
92 Comments
awesome!
Hey. I think you are giving great information and I really appreciate it. I just came across your channel and was wondering how you are financing these properties? Did you get a mortgage? Private lenders? Owner financing? I just started watching your videos and plan to watch the rest.
On the home page, look under Financing Category (listed on the right).
Great video and concept! Congratulations on developing your own way forward. Four, forty or four hundred properties in, there is always something to learn.
That is soo true! I am constantly looking at new blogs. That one tip you find from someone else can save you time, money, headaches, you name it! Whatever I can learn that makes my life easier, sign me up! 🙂
How was the properties purchased with FHA money, private money?….great video Lisa
Lisa, all of your videos are really great and I applaud you for taking the time to post them. I have basically the same exact investment strategy except I am doing it in Cleveland, Ohio. For any newbies that are watching this video let me tell you that all of her strategies work. Don’t be afraid to take a chance, but educate yourself and be smart.
You’re EXACTLY right. Don’t let fear determine your financial future. You just can’t live that way anymore.
inspiring video!
Do personally invest on your own or do you happen to do investing with
Strongbrook. I was considering the Baltimore area.
wow good info Lisa
Oh yea, I forgot to ask if you started an LLC. Thank You for everything.
I’m trying to follow your lead.
Do you need an LLC in each state you have real estate or is one ok. Also,
Is it better to start an LLC or get umbrella insurance and keep the houses
in your name.Sorry for all the questions.lol
I absolutely LOVE your videos! I’ve subscribed. I’m 24 and people think I’m
crazy to want to do lol
Absolutely Excellent Video!!! Love it!
Thank you all! Don’t hesitate to let me know if there is more you would like.
Love your passion.
thankyou!
Thank you michelle alexander!
I don’t know how I got to this page cuz I was lookin for something else but
since im here for da first time, I listen & I can say I learned alot
Ozzie! Lol, thats funny! Im glad you found info worth listening too, and can help you get started in real estate investing.
What’s the most reliable way to find investment propertys for sell
Hey! Send this as an audience question to my email: lisaphillipsrei@gmail.com That way I can file and make sure I answer this!!
Fantastic intro Lisa. My wife and I are starting a daily breakfast club to
watch through all your videos!
I just got started with Lisa’s personal guidance program. We had an initial
call to get me started. Lisa was super helpful, she gave me a lot of advice
and different options. Before the call, I was lost and did not know where
to even start. Now I have an idea and a plan. This was all just from ONE
call. I’m excited for the future now that I have Lisa to help me along.
Thanks Lisa!
Hi i love your videos. You and I have alot of things in common. I just
moved to knoxville tn but i am originally from the DC metro area and i am
an IT professional as well. How can we reaach you if we wanted some more
coaching? My email is iranola78@gmail.com. Keep up the great videos.
Great videos. I really like what you are doing truly opened my eyes to
something i didn’t believe was possible. Thank You
This was very helpful. 1 per year is fantastic. Really made me ask – Y & Y
not…
I love your site. I am in a transition right now. working a job where I don’t make enough money to stay here in wa state. I went to florida where my parents live and houses are affordable. trying to clear this house out and thinking of selling and buying something down there like a tri plex or even one or more houses. you are a great inspiration and I think this is the right time. kids are grown except one with a disability. trying to get him started in his life and “out of the nest”. keep up good work. i’ll let you know when I buy my first rental.
Please, share with the world when you do, it can help inspire others to act now! Thank you Tracy,
did you pay all cash for the homes or use a loan?
Great information! Subscribed.
🙂
Just now tuning into your podcast..i have a lot of catching up to do!
Nice! Be sure to check out the Start Here, or browse videos by playlist (youtube) or by category (this website).
how do you pin point a area under revitalization. i live in baltimore btw
Stay tuned, I will be discussing this in an upcoming video!
Wow, your comments at 4:30 are really true about me. I get overwhelmed by
the scope and cost of projects that I just shut down and don’t do anything.
I’m really enjoying your videos!
Thank you ma’am!
Your so awesome!
WOW- I am so happy I found you. You are the angel I have been praying for.
I obtain my real estate license at 19 years old and then moved to West
Coast and obtained it there as well. I now work as an Accountant. My dream
is to save $15k from my paycheck in one year and by my first property.
However, I don’t want to keep wasting time. I am now 29 and would like my
dream to come true before 30. Should I take out a loan, or stick with the
saving strategy?
Hi Tiffany! If you can get a low rate/low interest loan, why not? As long as you have savings for your own safety blanket, solid work history, and especially good credit, you can leverage a loan to get your first. Tread cautiously, ask a lot of questions, and make sure the cashflow is there from day 1 for your first property.
What about the interest rates on those credit cards? Are you paying them
off quickly?
For the most part, I only do no interest for a certain amount of time. For everyone reading: PAY IT OFF BEFORE THE GRACE PERIOD IS OVER!! I make sure I have it on automatic payments for the amount to have it paid off the month before.
THANK YOU SO MUCH! I can’t wait to watch all of your videos and learn from
you.
Nice! Be sure to check out the Start Here, or browse videos by playlist (youtube) or by category (this website).
Ohio is a great market. I’m figuring out how to do my 2nd rental. If I have
access to HELOC would you recommend it? Also price point is all relative.
Money means is so different people. Perception is everything.
Yes, why not? I prefer you taking the money out rather having a line of credit – if there is a disturbance in the market, there is the possibility of the unused line of credit being curtailed. Just make sure you’re going to be cash flowing the first year. As you get more advanced, you can hold off cash flow for 6-12-18 months, but you need a win under your belt with your first.
I am going to try this. Very motivating! Thanks for sharing.
I’m a lifetime subscriber. Your videos are very motivational and great for
individuals who have been on the fence and want to get into real estate
investing especially for those of us with limited capital. You’ve made it
simple for anyone with a moderate income to invest in real estate. Thank
You!
Thank you!! That’s amazing to hear…Actually, its EXACTLY what I want to hear, so I sincerely appreciate you taking the few seconds to express this to me. More to come, and its the good stuff!!!
Thanks so much for the info ? Would you buy A home in that price Range and
live there? Or would you first buy to invest then by your own home? I’m in
VA .
Hi, it depends on the circumstances. If I had little money, but could scrape together to own a property like one of these, and I thought the neighbors were friendly, I would do it. However, if you’re earning more income, you can make a few more choices. But, i WAS living in an apartment in DC when I purchased 3 rentals, because I couldn’t afford a house in DC, but I COULD afford to invest in other areas.
Lisa, you are wonderful! I am in the Richmond, VA area and would like to
invite you to our womens investment dinners we have once a month. We have
flippers, landlords, commercial investors, and we be honored for you to
join us one evening. I travel twice a week to DC for work as well. Maybe we
can catch up and exchange ideas over coffee. Keep it up! #womenofsuccess
http://www.rrventurellc.com
How do you find renters in Baltimore. I have a property there currently that has been rented for years. I’m trying to prepare for the day it is vacant again.
Hi! You can always find renters. You can go old school (sign in the window) or new school (craiglist). They both will work just fine in Baltimore City. If you’re not getting any bites, that just means you have to adjust your price, fix your place up a little nicer, or both depending on how you keep the residence. Anywhere, trust me. But, you can’t ask for too high a price, and I had to learn that in baltimore. I was previously charging 975, and the house was worth it, but I had to lower it to 900, because that’s what the neighborhood premium was worth. Now, other houses were 850 and 800, so a nice home got a great set of working tenants who know the value of nice accomodations, so willing to pay up to 10% more. However, watch the market – if there are more houses available because of an influx of investors fixing places up, then you will have a downward pressure on rental prices.
Ma’am is there any way that I can email you or you can email me? My husband
and I really need coaching and guidance !
check it out.
Great video! I plan on watching every single video from beinging to end and
leave commentary!
What is that irritating high pitch bleeping throughout the video – it’s
also on the other videos. Good content – show us some images of your
makeovers.
No idea, must be something new. My makeovers can be seen on my webpage under /Gallery.
Good.
Really enjoyed video……like your concept of maintaining property.
Question..Would you consider fix n flip or just rental
great program question about the Baltimore housing market it 2015 are their
stil good deals in that area and which area are for good investing up to
50k. thanks u for your input
Absolutely fantastic video. I’m going to watch all of your videos and see
if my wife will watch them as well. We’re coming into some cash soon and
moving to Philly in less than a year. Thinking about investing in rental
props. You make it sound doable. Thanks!
Im curious about how you manage all these properties. I live in a very
profitable area in Canada and home prices here are through the roof. I have
often daydreamed about doing what you do but I would have to have someone
else manage those properties or find tenants as it would be
counterproductive to me to check up on those properties now and then. How
on earth do you manage properties in texas and Washington–
PS I absolutely love your videos. I find I am usually turned off by the
stuffy blouses and fancy sweaters rei s wear when presenting information. I
feel like you are my neighbor and we just had a cup of coffee 🙂 Thanks
for making this real.
Hi, check out my videos on property manager. I really believe in hands off, money generating aspect of real estate, and focus heavily on that.
Thanks I REALLY APPRECIATE YOU
You have to be buying in the war zone for under 20k. If not, god bless. I
didn’t catch what areas you were investing. Also keeping these properties
vacant for a year while part time rehabbing can have major issues with
vandalism. I’m glad everything went well with your hard work. We are doing
our properties in Southern Ohio, Northern Kentucky.
Thank You for Sharing ! My Q is; is there a program to help a person buy a
house with the person NOT having a dime; (BUT); is there a program that
helps a person buy by (owner occupied / rental ) ?
I liked your video on real estate investing. Thank you very much for the
information.
Thank you! This really helps I hope you keep us informed if you have
anymore wonderful ideas
I actually have a ton more that can help you become more successful! They are in edits now, but in the meantime, you can sign up for my newsletter for exclusive videos!
Ur awesome straight to the point luv luv ur videos on u tube glad I found u
.definitely give me motivation after hours and months of listening to other
realtors ur great #1
Thank you Lorenzo! I hope to see you signed up for my newsletter! There are exclusive videos for you if you do!
What listing or site did you find your home for 13k in Baltimore?
realtor.com. If you sign up for my newsletter, the 4th email is on how to find it step by step!! Im sure it can help you figure out exactly how to do it yourself. Thanks!
Lisa,
Thank you for the wonderful information! Do you have any information
regarding section 8 housing? Pros and cons…do you do section 8…etc.
Thanks again!
Diana
I do! Im pretty sure that video is seen exclusively by my newsletter subscribers. Are you signed up, Diana? I hope you are!!! It’s where my best videos are released!
Great info! Thanks for posting!
Hello , i have signed up for your videos and have gotten started . My Big Question is how would I go about and get the Money to buy the Property and also do the work in it . I need this to work I am working a part time job and my wife is recovering from a Stroke so I Truly , Truly need this to work . Your Help is truly appreciated .
Hi Romao! I responded to your email on the best way to go for you. You have a road in front of you that may be hard, but you can truly do this.
I think your videos are great! While most people are content to let
employers dictate their entire future, it is refreshing to see someone
thinking outside of the box to get to the next level. I am in Chicago and
there are plenty of these properties in every direction. I love your
videos and have subscribed. THANK YOU!
Thank you Steven! Glad you can gleam some advantages from them!
Any advice for a 17 yo?
That’s a good question. Yes! figure out, right now, something you always wanted to help others with…start a blog about it…then come to me when you have that much done to see about how the more you give to others, the more you get back (monetarily and spiritually). That can help set you up to have the funds TO invest when you’re ready.
I’m very interested in getting to know about buying real estate and making
residual income. How did you find properties for such a low price? Where
should I start looking for properties such as you’re discussing?
My husband and I are wanting to start investing in real estate, we are both 27 with a small child but are wanting to start creating a passive income. We want to learn as much as we can in the next 6 months so we can get stuck into it early 2016. Any pointers or tips would be MUCH appreciated!
Hi Elissa! First, you can sign up for my newsletter, as that goes into the most pressing topics immediately without you having to surf through my website. And, if you need faster advice/help, go ahead and send me an email at lisaphillipsrei@gmail.com with more information on what type of training you would like so you can get started. Thanks!
Congratulation you are an inspiration
Wow ! This puts a foot clean up the ass of the 2% Rule !
That’s .075% ! That’s Cash Flowing like a Mother Mucker !