The FasterFreedom Show Podcast

Many real estate investors focus on buying single-family homes one at a time, and there's nothing wrong with that. It all depends on your strategy. Sam and Lucas have done some pretty cool deals, like 42M in rentals, apartment complexes, storage deals, and tons of single-family homes. But if you want to accelerate your growth, purchasing piles of homes or whole neighborhoods is an excellent strategy. Are you interested to know how to do it?

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In today's episode, Sam and Lucas discuss their favorite deal–buying 42 houses in a neighborhood of about 90 homes. So they own half of the neighborhood.

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Listen up and find out how they found the deal, where they got the funds, and what they plan to do with these homes.
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“When I say we bought a neighborhood, that's not quite accurate, but we own half of the neighborhood, so it’s a pretty good number.”- Sam Primm

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“On any large purchase like this, the bank is going to want to get an appraisal to make sure they're in a good position when they lend the money.”- Lucas Walls

If you want to grow your business, you need to delegate some tasks to other people. Now, that might be hard, especially if you think you're the only one who can do things right. But believe it or not, some people are better at being an operator than you could ever be. The only question is, where do you find such people, and how do you know you can trust them?

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In today's episode, Sam and Lucas talk about the three main wealth-producing businesses they co-own and how they have hired people to run the show. So, these companies, a real estate investing company, an education company, and a rental/property management company, are currently operated and managed by three people within the same circle as Sam and Lucas. One of the biggest challenges of relinquishing control of some parts of your business is knowing whether or not you can trust the person who will take the reins from you. So, if you want to know how to free up some of your time so you can focus on creating a bigger vision for your business, tune in and learn from Sam and Lucas.

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“If you wanna grow companies and create multiple companies, you're gonna have to eventually let go of the rope. You're gonna have to let go of the power and control and let somebody else run it for you.”- Sam Primm

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“Eventually, if you want your business to grow and have an amazing business, you're gonna have to let go of control of certain parts of the business.”- Lucas Walls

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.

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“Hard money lenders can really change the game for you.”- Sam Primm

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“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

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.

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“Stick with real estate and don't give up, and just, you know, be flexible and willing to be agile.” - Sam Primm

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“Everything's fixable in real estate.” - Lucas Walls