54: Investing in Under $30k Real Estate, Working a Day Job, and Good Vs. Bad Neighborhoods with Lisa Phillips

<p>How much money does it really take to buy a rental property?</p><p>$200,000?&nbsp;$100,000? $75,000?</p><p>On today’s show, we are going to chat with&nbsp;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.&nbsp;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.</p><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><p>In This Show, We Cover:</p><ul><li>Investing in real estate while navigating the&nbsp;instability of day jobs</li><li>How&nbsp;going through a foreclosure&nbsp;changed Lisa’s financial future… for the better</li><li>Knowing when to&nbsp;call it quits</li><li>Tips for&nbsp;negotiating&nbsp;with creditors</li><li>What makes&nbsp;motivated sellers&nbsp;attracted to a certain real estate investor?</li><li>Tips for defining a&nbsp;good vs bad&nbsp;neighborhood</li><li>Finding a&nbsp;property manager&nbsp;who exceeds your expectations</li><li>How much&nbsp;does a good property manager charge?</li><li>Simple tips for&nbsp;attracting the best tenants&nbsp;to your rental properties</li><li>The positives and negatives of&nbsp;low-price investing</li><li>What&nbsp;crimes&nbsp;are acceptable?</li></ul><p>Links from the Show</p><ul><li><a href="https://www.biggerpockets.com/blog/2013/01/27/tenant-screening/" target="_blank">Tenant Screening: The Ultimate Guide</a></li><li><a href="http://www.narpm.org/" target="_blank">NARPM – National Association of Residential Property Managers</a></li><li><a href="http://crimereports.com/" target="_blank">CrimeReports.com</a></li><li>