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Real Estate Investing with Coach Carson

#123: How to Achieve Financial Freedom With Affordable Rental Properties

Real Estate Investing with Coach Carson

Chad Carson

Investing, Business

4.9613 Ratings

🗓️ 20 July 2020

⏱️ 64 minutes

🧾️ Download transcript

Summary

Episode #123 - This is an interview with Lisa Phillips, who left the corporate world thanks to several affordable (lower-priced) rental properties that paid for her basic expenses. She now passionately spreads the word about affordable rentals not only as a means to build wealth but also as a way to positively impact tenants and communities. 
 
We also touch on topics like the mischaracterization of low-income neighborhoods, the power of small, simple rental portfolios, and the unique challenges faced by African-American investors. 
 
 
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Transcript

Click on a timestamp to play from that location

0:00.0

and all these office and IBMs and whatever, but I never get the validation and feedback I get. When I go up here, I explain to someone how they can invest in properties. And I get so much love back or like, I've done this or you changed my life. Like I don't get validation like that working in a cubicle. So I was like, let me see if I can do this like full time. I really enjoy helping impact people. And I know in my heart, I was like,

0:23.0

listen, I know this will change a lot of people's lives. It changed mine.

0:29.9

Welcome to the real estate and financial independence Podcast. My name is Chad Carson.

0:38.2

You can also call me coach.

0:39.6

And this is a show all about investing in real estate, achieving financial independence,

0:43.9

and doing more of what matters.

0:46.3

Before we jump into the main interview for today, I want to do what we do every week where

0:50.3

I feature one of you, the listeners.

0:52.9

And for those of you who leave a review on Apple

0:55.2

podcast or whatever your favorite podcast player is, I randomly pick one of you each week

0:59.8

and I give you a copy of my book, retire early with real estate. This week, the winner has a

1:05.5

username Fost, J-U-S-K, and this is left on June the 9th, 2020, and the review says, this is hands-down the best podcast for real estate investors. Chad is a wealth of knowledge and wisdom for the beginner to the most seasoned investor. That said, he's not anyone's guru, and he has a very humble and down-to-earth perspective to help you see how real estate can benefit your life. The ultimate goal of this podcast is to help people achieve true financial independence and do more of what matters, which is very true, by the way. If that sounds meaningful to you, definitely give this podcast a listen. Thank you so much for that review. It really means a lot to have those words and to hear them. I've heard a lot of the reviews, and each one just makes me feel good. So really appreciate that. Please reach out to me at podcast at coach carson.com, and we'll get you a copy of the book, retire early with real estate. Today, I have an interview for you with Lisa Phillips, who's one of my favorite people in the online real estate investing space. She's got a very popular YouTube channel and podcast and a book

2:01.8

that I will link to in the show description below. But I'm going to talk to Lisa about her beginnings.

2:07.0

When she first started her journey prior to the Great Recession and having a difficult property,

2:11.8

one that she learned a lot on, but then led her to stumbling upon buying properties that are affordable rentals. So lower prices,

2:19.9

sometimes buying them for $30, $40, $50, $60,000 and having those be a path to achieving

2:25.6

financial freedom and independence and letting her leave her corporate job. And we're going to talk

2:30.2

all those details and some of the numbers and also the approach she takes to not only making money for herself, but impacting the communities where she is investing.

2:40.6

So we're going to cover all of that and more in today's interview.

2:43.3

And we're getting started right now.

2:45.0

Hey, Lisa, welcome to the podcast.

2:47.5

Thank you, Chad.

...

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