0053 How I Purchased My Rental Properties


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Enjoy,
Lisa Phillips

VIDEO DESCRIPTION:
A common question I get asked if how did I purchase my rental properties, all which were under 30k, and making more than $900 in rents each month. This was through 4 different products/financing instruments:

1) Conventional Mortgage

2) Depleting my 401k

3) Titling My Car

4) Personal Loan From the Credit Union.

These aren’t really “normal,” but at my price range, you can purchase great properties at this price in wonderful working class neighborhoods! Please enjoy as I talk about my journey to rental property ownership, especially if you can’t get traditional financing!


20 Responses to 0053 How I Purchased My Rental Properties

  1. AffordableREI

    Don't Forget to Join 4000+ Investors in The Sub30k Mastermind Group –
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  2. Jocelyn Waters

    I admire you for being a strong black woman who goes out and makes this happen for herself instead of letting excuses get in her way. The US needs more people like yourself! (I hope you don't mind me saying that)

  3. Jocelyn Waters

    Omg, why didn't i think about doing it this way! Thank you for the epiphany!!

  4. DAVID M

    In Cleveland,Ohio it's $26.00 a month Water Off, No Meter, Vacant …Here's your Option pay them $1,500.00  to dig there pipes out the ground,So that you don't have to pay them the $26.00 monthly.What other business get paid like this for not using there service?     Free Money

  5. edie lam

    As a landlord, your number one priority is rent payments. Only problem is, it's not always the tenants number one priority.

    That’s why we created a program that will hold your tenants accountable and assure you that the rent will be paid on time and in full. If you want better performing tenants, give us a call to see how we can help. Rentremedy(dotcom), 1-800-931-0449

  6. Jane Heimbichner

    Omg! Bootstrapping. Ground up investing. Where I’m at right now. Good job!

  7. Emmett Marbury

    Determination

  8. Tony Choi

    I saw on another channel called millennial thinktank an investor who also invest in Baltimore purchased a house for almost 40 plus fix up and plans to refinance what is the difference in thinking why would he do that your method seems much safer

  9. NkrumahTure

    I'm working on raising my FICO, but this is something I can do when I'm ready to purchase real estate.

  10. sweetzbaby1

    Hi there very informative video . I would like to know what's the best strategy to replace income ?

  11. breemichelle kelly

    I love this

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  13. Surendra Muddu

    house=asset=contains equity+liability equity part or profit part is eaten away by builders and bankers. and left with long 30 years liability, and add rental,,tenants,govt and repairs, you end up in huge liability after 25 years, sounds UN-realistic,god knows !without excel sheet how can you just talk,talk,talk!

  14. Kathie Johns

    I tried to sign up but it didn't go past giving my information

  15. Elias Hernandez

    Wow congrats ,

  16. Sir-Jacques Major

    beautiful testimony

  17. Whodunit

    I'm in a MUCH better position credit wise, income wise than she started in….im a man, YET she had the bigger balls out of the 2 of us to go make it happen! What's my excuse??? I should have no excuse. Thanks for this encouraging and informative video. You have a new subscriber in me, and I'm going to go and start making some moves for myself.

  18. Lisa Morrow

    U r amazing beautiful and grrrreat.

  19. Anatalie Dee

    Its good to keep going. Great that you don't let things stop you. Even if the terms aren't great, you still learn for other investments what to and what not to do. Otherwise, do nothing, get nothing, learn nothing. Working on my next deal.

  20. Ray

    Do you have any info on Fully Furnished rentals.. for travel nurses..vendors.. traveling buisnessmen?