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Did you know that most millionaires have three or more income streams? If you have been relying solely on your day job to earn money, have you thought about what will happen if that job goes away? In today's episode, Sam and Lucas discuss why you must strive to create multiple income streams. Of course, you can start with just one, but don't end there. You'll be surprised at how many they have.
Having multiple income streams gives you security and allows you to diversify and take risks. It also gives you the ability to help other people. Now, who wouldn't want to do those things? So tune in to this episode to get ideas on the different income streams you can try.
“Just having multiple streams of income is extremely powerful.” - Sam Primm
“The majority of our streams of income are within real estate, and there are so many ways to diversify with real estate. That's why I think it's super cool.” - Lucas Walls
In this Episode:
-The benefits of having multiple streams, one of which is the ability to take risks
-Sam and Lucas have built numerous income streams over the years, and they share what some of those are
-How to manage multiple income streams, so you have time to do what matters most
-The best way to respond to people who hate your success and find fault in what you're doing
-Treating people with love and respect–the same way Sam and Lucas treat their tenants and other people they encounter–brings enormous good.
-Don't just keep the money for yourself. Since they started, Sam and Lucas have raised over $250k for their nonprofit. Follow Greater Giving STL on IG to find out how you can help.
-Behind-the-scenes on the latest Deal of the Week
And more!
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
Real estate is one of the most profitable industries in the world because everyone needs a place to live. So investing in real estate is a great way to build wealth. But how do you start building your real estate business? In this episode, Sam and Lucas discuss the first and most important step. Then they share their favorite free lead sources. Once you understand how to use these lead sources, you'll be on your way to finding profitable properties. So don't miss out on this value-packed episode.
“The best way to start out investing in real estate, especially if you don't use your own money, is to find a distressed property.” - Sam Primm
“If you don't find a quality house for a good enough deal, none of the rest matters.” - Lucas Walls
In this Episode:
-Free vs. Paid lead sources–why pay when you can get leads for free?
-3 Simple ways to find FREE leads
-A few inexpensive ways to find leads
-Behind-the-scenes on the latest Deal of the Week
And more!
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
Every business owner is looking for ways to grow their business. They look forward to that day when they can 2x, 3x, or even 10x their portfolio. But scaling is not that easy. However, you can see what other businesses have done and replicate the same process. Sam and Lucas are here today to talk about SCALE-ing.
Sam was on The BiggerPockets Podcast a few months ago, where he talked about building a multimillion-dollar real estate portfolio, and he will be sharing the same process today. While Sam and Lucas focus mainly on real estate, the things they discuss today can also apply to other industries. So listen up as they share the five major things you need to SCALE. This is the most impactful up-to-date information about scaling, so make sure you don't miss it!
“The whole goal of scaling is to become efficient, so you can do it quicker, so you can do more of it.” - Sam Primm
“I personally never want to have money be the reason I can't take out a deal.” - Lucas Walls
In this Episode:
-Systems - What systems do you need, and how do you build them?
-Coaching - Discover the power of leaning on other people to sharpen your skills and accelerate your success
-Action - This is the step where most people get stuck. How do you get unstuck?
-Lead Flow - In real estate, it's usually a numbers game. How many leads do you need to have at any given time?
-Extra Funding - What is your threshold, and where do you get additional capital to fund your deals?
And more!
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
Is the real estate market crashing? As more signs show that the housing market is slowing down in 2022, many people wonder where the situation will eventually lead and if buying properties is still a good idea. In today's episode, Sam and Lucas share their insights on the state of the housing market, the three main types of real estate investment, and the strategies that work during a softer market. These two guys have made numerous investments and good returns over the years, so their strategies and tips would definitely benefit you if you take note. Enjoy listening and learning how to invest during a recession!
“A recession can provide a unique opportunity to accelerate your wealth.”
-Sam Primm
“Better deals are out there now than there were three months ago, six months ago, no doubt.”
- Lucas Walls
In this Episode:
-Real Estate Market insights from Sam and Lucas
-Is wholesaling a good strategy? What are the things you have to consider?
-Tips to make good money on fix and flip and why doing cosmetic rehab is important
-The challenges and benefits that come with investing in rentals
-Interesting details on the latest Deal O’ The Week: TSS (storage facility)
And more!
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok