1141. How She Bridged the Gap Between Poverty and Prosperity
Discover Your Talent–Do What You Love
Don Hutcheson
5.0 • 619 Ratings
🗓️ 25 July 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
Lisa Phillips helps African American Professionals build profitable rental property portfolios by investing in minority neighborhoods. After her own home foreclosure, she was left with a $35k condo and enough money to renovate the place doing the work herself. Learning the ways of real estate investing in rural, inner-city, and mid-sized city properties, she is now focused on doing what she loves: showing how anyone with a little ingenuity can affordably start real estate investing for high profits and cash flow.
Transcript
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| 0:00.0 | Hello, world. |
| 0:11.6 | Welcome to discover your talent, do what you love. |
| 0:14.4 | I'm your host, Don Hutchison. |
| 0:16.6 | Every Tuesday, I interview someone from around the world who's discovered their talents to do work they love to create a life of success, satisfaction, and freedom. |
| 0:26.8 | On Fridays, I interview an individual with many years of experience from one of the most popular or interesting occupations or professions who shares an insider's look at what it's really like to do what they do. |
| 0:39.0 | I'm delighted to bring you our featured guest, Lisa Phillips. |
| 0:42.4 | Welcome, Lisa. |
| 0:43.3 | Thank you for having me on today. |
| 0:45.2 | Thank you, Doc. |
| 0:46.1 | You're welcome. |
| 0:46.9 | Lisa, are you using your talents doing work that you love? |
| 0:49.9 | I absolutely am. |
| 0:51.5 | Wonderful. |
| 0:52.7 | In the recession of 2009, Lisa Phillips lost her job in her home to foreclosure. |
| 0:58.5 | She was left with a $35,000 condo and only enough money to renovate the place doing the work herself to stretch her unemployment check. |
| 1:06.9 | She clearly had reached the bottom, an electrical engineer with no job. |
| 1:11.7 | Coping with her new reality, she came upon a strategy of owning inexpensive rental properties for cash flow that was possible even when a traditional mortgage wasn't obtainable. |
| 1:21.6 | As her strategy started to show consistent results, she started teaching others about her platform, affordable real estate investments. |
| 1:29.7 | Well, Lisa, that's a summary of your career to this point. Tell our listeners around the world |
| 1:33.4 | what you're engaged in right now that has you excited and motivated, please. |
| 1:37.4 | Well, I love the real estate investing and the passive income gave me the opportunity to |
| 1:42.3 | really start focusing on spiritually, getting to know who I am |
... |
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