The FasterFreedom Show Podcast

A wise person learns from the mistakes of others. Be that wise person and listen to this wound-licking episode of The FasterFreedom Show. Sam and Lucas are the ones licking their wounds on a ‘fix n flip’ that is likely to cost them $75K. It’s not all rainbows and butterflies in real estate – and today, the guys are discussing a pretty big loss on a ‘fix n flip.’

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There are lessons to be learned from evaluating your holding costs and not rushing the rehab. Letting a house sit on the market for nine months is enough time to have a baby (as Sam points out). So what’s their plan going forward? Listen in and learn — there are always alternatives to minimize the damage.

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There’s also a giveaway worth $25K. And a dog in the studio that’s not behaving itself. And the ‘Net Worth Game.’ It’s classic Sam and Lucas — being honest, authentic, and transparent about what’s working for them in the real estate game. Come and get it!

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Here is the giveaway link! https://upvir.al/142510/lp142510‍

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“Rushing it, and cutting corners, and doing things like that, usually doesn’t help. Especially in a market that’s not crazy, crazy, crazy hot.” - Sam Primm

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“Our initial budget on this house was $60K. When we listed the house, we ended up spending $75K. In the last two years, you could get away with that, but when this market shifted, that’s not something you can get away with. You’ve got to be really dialed in on your estimate to actuals — and have those be as close as possible.” - Lucas Walls

Austin Rutherford got started in real estate 8 years ago. Since then, he’s been flipping and wholesaling, done over 3400 deals in Ohio, and now owns $20 million worth of properties. He’s learned to transition from cash flow to real property equity.

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He’s chatting to our host Sam Primm in this turbo-charged episode of Faster Freedom, as Sam quizzes Austin on his real estate origin story and his philosophy around building a social media audience.

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The two then gaze into the crystal ball and explore how real estate will be affected by AI, while also focusing on how to build a long-term vision and plan for your passive income property equity play! Lucas will feel like he’s missed out on this one —  listen up, so you don’t miss out too!‍

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“You don’t create wealth from cash flow. That’s not what creates wealth. What creates wealth is equity and assets.”  - Sam Primm

Are you a good leader? How do you know for sure? What can we learn from great leaders like Elon Musk or Steve Jobs? Being a leader is hard. Being a level 5 leader is almost impossible. However, being a leader is rewarding when your persistent hard work takes your company to greater heights. A leader must have the capacity to translate vision into reality. But how do you do that?

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In this episode of The FasterFreedom Show, Sam and Lucas talk about leadership, what it means to them, and how to become a level 5 leader, as discussed in the book Good to Great by Jim Collins. So, if you want to know the qualities of a good leader and how you can grow your leadership skills, this episode will give you the answer.

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Here are the 5 Levels of Leadership:

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Level 1: Highly Capable Individual

Level 2: Contributing Team Member

Level 3: Competent Manager

Level 4: Effective Leader

Level 5: Executive‍

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“Leadership is key. Whether you talk about family, you're a coach, you're a business, you're an entrepreneur, you are a manager—whatever it is, being a leader is tough.”- Sam Primm

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“You can have the best product in the world, the best sales team in the world, but at some point, if your leadership isn't on point or your leadership team, whatever that looks like, that company is not going to succeed.”- Lucas Walls

Real estate is one of the best ways to build wealth. However, you need a lot of money to buy properties. But did you know that you can purchase real estate properties without using your own money? That's right! If you want to know how to do it, today's episode has the answer for you.

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In this episode of The FasterFreedom Show, Sam and Lucas present a case study of how they bought a 29-unit apartment with NONE of their own money. They were able to do that through creative financing strategies, which they will break down for you today–with actual numbers, so you know exactly how it looks. Sam and Lucas lay it all out, from finding the deal to financing it and turning it into a profitable income stream. So listen closely because they also talk about a hack to 10x your cash flow. Now, who wouldn't want that?

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“We took time to develop a relationship with this broker. We did it the right way, and now we have deals coming in, not more than we can handle but on a regular basis.”- Sam Primm

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“The deals we look at have to cash flow. That's the number one thing they have to do. And they have to cash flow in a way where we're not putting 20% cash down.”- Lucas Walls