Choose from over 100+ episodes!
Interest rates are rising, and they're rising faster than what you and I probably expected. Higher interest means it costs more money to get money, and as an investor, you can't buy as much real estate. So what are your options?
In this episode, Sam and Lucas are excited to show you four ways to still make a good cash flow on your property, even with rising interest rates. So, listen up, take notes, and learn how to make more money during these crazy times.
“If you're a smart investor and you're a business owner, there's always opportunities for you to take advantage of, or things you can sidestep, or you know, just things that can help you mitigate risks.”
- Sam Primm
“Try not to worry about things that you can't control. Interest rates are one of those things. So focus on the stuff you can control, and your mindset will be a lot better. Your business will be a lot better as well.”
- Lucas Walls
In this Episode:
-The effects of rising interest rates and inflation in the real estate market
-Long-term mindset - When buying a property, focus on the long-term game
-Rental rates increase - Rental rates are rising faster than interest rates, so there's lots of opportunity to make more money.
-Buy Deeper - Be cautious and stick to quality deals
-Shop Around - If your bank charges a higher interest rate, it's time to look at what other banks are offering (but you still have to consider other factors like the flexibility of terms, the relationships you've built, etc.)
-Random Thought of the Day: Forward/ Back - Lips
And more!
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
Did you know that Sam and Lucas became famous in a small town? But it happened for all the wrong reasons. First, they had a building blow over, not once…not twice… but three times…can you believe that? Do you want to hear the whole story? In this episode, Sam and Lucas walk you through the self-storage development deal. So they decided to buy and develop a self-storage facility, and they made a lot of mistakes, but in the end, it still proved to be an excellent investment. Listen to the rest of the story in today's episode of Ordinary Guys, Extraordinary Wealth.
“Stick with real estate and don't give up, and just, you know, be flexible and willing to be agile.”
- Sam Primm
“Everything's fixable in real estate.”
- Lucas Walls
In this Episode:
-Story - Why Sam and Lucas decided to get into this deal in the middle of 2020, all the challenges they encountered, and everything else that happened
-Numbers - How much were the costs, the property valuation, and was there any profit in the end?
-Mistakes - What went wrong, and how did Sam and Lucas process each error?
-Random Thought of the Day: Accents
And more!
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
Did you know that Sam and Lucas became famous in a small town? But it happened for all the wrong reasons. First, they had a building blow over, not once…not twice… but three times…can you believe that? Do you want to hear the whole story? In this episode, Sam and Lucas walk you through the self-storage development deal. So they decided to buy and develop a self-storage facility, and they made a lot of mistakes, but in the end, it still proved to be an excellent investment. Listen to the rest of the story in today's episode of Ordinary Guys, Extraordinary Wealth.
“Stick with real estate and don't give up, and just, you know, be flexible and willing to be agile.”
- Sam Primm
“Everything's fixable in real estate.”
- Lucas Walls
In this Episode:
-Story - Why Sam and Lucas decided to get into this deal in the middle of 2020, all the challenges they encountered, and everything else that happened
-Numbers - How much were the costs, the property valuation, and was there any profit in the end?
-Mistakes - What went wrong, and how did Sam and Lucas process each error?
-Random Thought of the Day: Accents
And more!
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
Real estate investing is one of the best ways to build wealth. But to buy properties, you need multiple sources of funds. There are creative financing strategies you can use. You can also borrow money from private lenders or hard money lenders. In today's episode, Sam and Lucas discuss the easy way to access hard money. While it's not the cheapest option, there are certainly benefits to using hard money to finance your real estate investments. So tune in and discover the basics of hard money lending so you can begin building your rental portfolio.
“Hard money lenders can really change the game for you.”
- Sam Primm
“Getting approved with a hard money lender is almost step one of everything to building your rental portfolio. That allows you to go out and look at properties and make cash offers on properties with that approval, backed by that approval.”
- Lucas Walls
In this Episode:
-What is hard money, why is it used, and how do you find hard money financing?
-Tips for dealing and building relationships with hard money lenders
-Standard terms and rates, points, and why rates should not scare you
-Example deal - 100K loan 12%, 3 points on
-Random Thought of the Day: Sleeping, pretend to sleep…
And more!
Resources:
-Freedom Capital Financing for Real Estate Investors - https://www.freedomcapital.info/
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
Ready to build sustainable wealth and enjoy a life of freedom through Real Estate?
