As the title points out, this book is written for beginners. According to Lisa Phillips herself, her target audience is “regular, average people who want to know how they can find financial security through real estate investing.” Phillips also says this book “is for people who are interested in making money in a way that gives back.”
Having said all that, unless you have a well-established portfolio of rental properties, Investing in Rental Properties for Beginners by Lisa Phillips is a worthwhile read.
Phillips has an easy-to-read, approachable writing voice. She breaks complex topics into doable bites – making them simple and easy to understand. In her book, Phillips teaches strategies for analyzing a property for both risk factors and growth potential. For example, she preaches the theory of buying low and renting high, but she doesn’t just tout the phrase. Instead, each chapter teaches crucial info on how to make it happen. The chapters include:
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- Why invest in the Sub-30-$50K Market?
- Using the CPR Technique
- How I make $975/month from a $13,000 house
- How the CPR Technique Works
- Creative Financing
- Finding Tenants in Working-Class Neighborhoods
- Property Managers are Key
- Hiring Quality Contractors
- Investing Out-of-State
- Your Business Has to Be a Business
- Choosing a Mentor
- Summary and Conclusion
Phillips teaches and guides her readers through multiple topics, including how to invest out-of-state and how to find qualified contractors. In addition, she explains the difference between a rental property owner versus a landlord and how that impacts your investment strategy. If you want an expert to hand walk you through analyzing the market and building a robust real estate portfolio that produces a steady passive income that leads to financial freedom, then Ms. Phillips and her book are a must for you. As one reviewer said after reading Investing in Rental Properties for Beginners, “Her techniques, including one she calls CPR, are lifesaving. Some of this stuff may seem like common sense, but some of it is so brilliant that I am kind of in awe.”
Lisa Phillip’s book is extremely practical. The step-by-step process gives you a way to evaluate potential investment properties accurately based on their neighborhood and the rental market at large. It is a way of looking at low-cost properties that has you saying, “I can do this!”
Her philosophy is that investing should be easy and fun. If you want to learn a smarter way to buy and hold and invest in rental properties, read the book.
About Rentals America
Rentals America provides full-service property management for residential rental properties. Our team is completely dedicated to property management and we’re here to help landlords navigate the rental market.
