Build A Bigger Life

BABL 065: Affordable Real Estate Investments with Lisa Phillips

Informações:

Synopsis

Lisa Phillips is in the process of building a bigger life for herself through somewhat unconventional means… and it’s working remarkably well! In 2006, Lisa got her first job after graduating from school and in 2008, she was in her first round of a series of layoffs in her industry after having bought a home well above her means. That experience: of being unemployed, of looking for work, and of trying to keep a house while struggling to make ends meet taught her some valuable lessons. The job market took her to Ohio where Lisa was able to buy a condo for substantially undermarket and it showed Lisa that she could find affordable homes in virtually any market. And most key to the learning was people would live in these homes and pay market rents for properties bought substantially under market! Lisa ended up having to foreclose on her home in Las Vegas (the one that was too expensive to maintain during the recession), so was faced with having that on her credit report. As a result, the homes that she’s buying