The FasterFreedom Show Podcast

Did you know that some investors buy real estate under their own name? Well, what's wrong with that? It's your property, anyway. However, if you're purchasing an investment property or a property you intend to use for purposes other than your primary residence, it's best to buy it under an LLC. But, of course, there are pros and cons to any decision you make.

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In this episode of The FasterFreedom Show, Sam and Lucas discuss their top 3 reasons for buying a property under an LLC vs. your personal name. They also discuss some disadvantages when choosing either option. So tune in and discover what Sam and Lucas have to say from their years of experience buying and selling real estate. ‍

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“If you start an LLC, it is no longer a side hustle. You are a small business owner.”- Sam Primm

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“Having a clean set of books when owning rental properties is very, very important, and setting up separate checking accounts is the first step to help you do that.”- Lucas Walls

Did you know that recessions have little or no correlation to the real estate market? There’s so much fear on social media regarding whether we are or aren’t in a recession — and why, therefore, it’s not wise to be investing in real estate.

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Sam and Lucas are going old school on this episode of The FasterFreedom Show. They're dropping the knowledge by giving us a FasterFreedom history lesson on, you guessed it, the history of US recessions!

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What we learn is that recessions happen. They’re cyclical. What happens, though, if you follow the numbers, is that real estate goes up like crazy between recessions, so it's still a good, resilient investment to make. So actually, none of what we’re experiencing now in the markets is new — it’s just packaged differently.

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Now then, what should you be looking at as your next investment? Where’s the opportunity? Sam and Lucas teach us to be greedy when other people are fearful — and vice versa. Join the FasterFreedom Show for some fascinating historical perspectives, and learn how to play ‘The Net Worth Game.’ Please join us!‍

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“The last six months, all you hear is ‘the recession is coming, the recession is coming.’ Bro, we’re in the recession.” - Lucas Walls

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“Winter is coming. It’s like Game of Thrones.” - Sam Primm

“If you had to do it all over again, knowing what you know now, what would you do differently?” How many times have you heard that question? As you grow your business, it is important to remember what worked and what didn't so you can replicate your success and help others do the same. In this episode, Sam and Lucas talk about five things they would tell themselves if they had to start back at zero. If you're interested in knowing what those things are and want to implement those lessons as you start and grow your business, this episode is a real eye-opener. ‍

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“Good debt is key. Most people think that borrowing money is bad, but if you borrow money to buy an asset, it is good.” - Sam Primm

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“There's a lot of ways that owning real estate can put and keep money in your pocket. And it hasn't been super sexy except for the last couple of years, but it's proven.”- Lucas Walls

Sam and Lucas are coming in hot in 2023 with a reveal of the mistakes that they’ve made in the real estate game. A wise person learns from the mistakes of others, so tune in to learn from Sam and Lucas’s mistakes so that you don’t need to make them as you learn to ‘fix n flip’ and wholesale property and get your property game on.

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Using AI software as bullet points to prompt conversation, Sam and Lucas have an engaging conversation about budgets, hiring the right people, and how best to educate yourself in property (hint: you can only learn so much from YouTube).

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Dial in your property management strategy, turn those houses quickly, and learn from the mistakes of Sam and Lucas as they humbly share what has and has not worked for them over the years! Come and get it…

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“Mistakes and failures are pretty similar, but they are necessary and they are on the path to success.” - Sam Primm

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“Having the mindset that hey, I’m going to make mistakes, and don’t beat yourself up. And don’t give up because those mistakes happen.” - Lucas Walls