Episode 25 - How and Why to Choose a Niche
Do you believe that the riches are in the niches? “Figure out your niche and maximize it,” says NBA player P.J. Tucker. So how do you find your niche? There are several ways to do it. In this episode, Sam and Lucas discuss the importance of niching down. They also talk about the three main niches in real estate and which niche might be right for you.
Without clarity of focus, it will be hard for you to succeed. Billionaire Jeff Hoffman said, “Doing three things is not 3x harder than doing one thing. Doing three things is a million times harder than doing one because you're just spread out, and you can't put the right effort into what you're doing.”
“I think it makes sense that if you focus on something, you will be better at it than trying to do several things.”- Sam Primm
“The more specific you get, the more they'll remember about you. And even if they don't bring you the exact thing that fits your buy box, it'll be close.”- Lucas Walls
Resources
Prime Corporate Services
I have partnered with these guys and we will set up an LLC for you for FREE, no JOKE! (small state filing fees apply) These guys do LLC formations in any state, they also do tax services and pretty much anything you need. Schedule a FREE consult here: www.primepartner.info/fasterfreedom
Connect with Sam and Lucas:
• Instagram
• Facebook
• LinkedIn
• TikTok
WHAT’s IN THIS EPISODE?
- How do you find your niche?
- The three main niches in real estate, who they are for, and how they work
- Buy Box niche, where you specify the criteria for the property you want, like property type, geographic area, flip or rental, price range, etc.
- Why is it advantageous to focus on a specific niche?
- Random Thought of the Day: Memories… dinosaur sounds…
Meet the Founder of FasterFreedom
I founded FasterFreedom to teach people just like me to take ownership of their freedom. There is a reason why real estate creates 90% of millionaires in this country.
It's an incredible vehicle for leverage, cash flow, appreciation and the sheer practicality of it… Everyone (and I mean everyone) has the opportunity to benefit from Real Estate.
Real Estate can be overwhelming at times which is part of the reason why we don’t see more people taking advantage of the incredible wealth creating opportunities it provides.
I launched FasterFreedom to do just that… we provide the foundation and grooved path for individuals wanting to achieve freedom and financial independence through Real Estate Investing.
I pride myself in practicing what I preach, meaning all of my lessons and tips are constantly updated and based on the real investing that I do right now- so you only learn what works and not through theory or outdated practices!
Over $200 million owned by students and coaches!
Become a guest NOW!
Why be a guest on the podcast?
If you’re an experienced real estate mind who’s looking to further gain exposure and share your experience with the world, we’d love to have you on! We’ll collaborate on industry trends and topics you want to discuss and you’ll also get to link your social handles and any websites or pages you want to mention. If you’re interested, fill out the form above and our team will respond within 24 hours.
About our audience
The FasterFreedom Show podcast is an independent podcast that has gained over 350 5-star reviews. Our viewers are normally middle aged Americans that are looking for something more and see Real Estate Investing as a way to have more time, freedom and happiness. Special guests on the podcast usually see an increase in sales for their programs as well as the publicity on the podcast itself.
Ready to build sustainable wealth and enjoy a life of freedom through Real Estate?
