Profit or Loss: Lessons Learned from the 3 Worst Deals | EP. 4
When investing in a property, you naturally expect to make a profit. But what if you mess up and lose money instead? In this episode, Sam and Lucas share the three worst deals that almost made them quit! Good thing they didn't. And now they're here to warn others about those mistakes and how to avoid them. They also talk about the lessons they learned in the process and how embracing failure can help you succeed.
We’re giving away 2, all-inclusive sets of tickets for a full day and night with us worth $10-20,000! Get the chance to fly from anywhere in the country to our office in St. Louis and spend the entire day with us, plus a little dinner on the side, before we fly you back the next day. Enter to win here.
“Failure is a prerequisite to success.” - Sam Primm
In this Episode:
- How Sam and Lucas lost $30k on a project (and why should always consider the layout and functionality of the house).
- Spending too much on a rehab project without considering the market valuation in the neighborhood.
- A property staging that didn't go well.
- Why creating value in a tenant-occupied property is very challenging and not ideal for a BRRRR strategy?
Resources:
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
Resources
Prime Corporate Services
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Connect with Sam and Lucas:
• Instagram
• Facebook
• LinkedIn
• TikTok
WHAT’s IN THIS EPISODE?
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updated and based on the real investing that I do right now- so you only learn what works and not through theory or outdated practices!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!
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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?
