The FasterFreedom Show: Change the Way You Think About Freedom

Latest Episodes:

Lessons Learned from a $75K Mistake | EP. 58 Feb 06, 2023

Show notes

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.’

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.

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!

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

“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

“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

In this Episode:

-Why you should NOT rush a rehab

-The cons of trying to do work on a listed house

-Making first impressions count when you do list

-“You don’t want some stank on your house!”

-Listing your house too high

-Evaluating your holding costs

-What do you do if your property sits on the market for nine months?

-The $25K giveaway — explained and hyped up!

-How much are Robert Downey Jr. and Chris Pratt worth?

And more!

Connect with Sam and Lucas:

- Website - https://fasterfreedom.com/

- Instagram - https://www.instagram.com/samfasterfreedom/

- Facebook - https://www.facebook.com/SamFasterFreedom/

- LinkedIn - https://www.linkedin.com/company/faster-freedom/

- YouTube - https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw

- TikTok - https://www.tiktok.com/@samfasterfreedom

Real Estate Maverick Austin Rutherford Shares His Secrets | EP. 57 Feb 01, 2023

Show notes

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.

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.

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!

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

- Sam Primm

In this Episode:

-Building a property empire in Ohio after only 8 years in real estate

-How to get active income from flipping and wholesale

-How to figure out what your monthly number is to move from cash flow to real equity

-What is Austin’s favorite part of real estate?

-How to construct a realistic long-term vision and plan for your real estate game

-Understanding the value of creating a social media audience

-How does podcasting play a role in connecting with your audience?

-Austin’s take on how AI will impact real estate

-What is John Elway’s net worth?

And more!

Connect with Austin Rutherford:

-Instagram: @austinrutherfordofficial

-Austin's Book: How To Get Free Houses

Connect with Sam and Lucas:

- Website - https://fasterfreedom.com/

- Instagram - https://www.instagram.com/samfasterfreedom/

- Facebook - https://www.facebook.com/SamFasterFreedom/

- LinkedIn - https://www.linkedin.com/company/faster-freedom/

- YouTube - https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw

- TikTok - https://www.tiktok.com/@samfasterfreedom

Are You a Good Leader? | EP.56 Jan 30, 2023

Show notes

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?

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.

Here are the 5 Levels of Leadership:

Level 1: Highly Capable Individual

Level 2: Contributing Team Member

Level 3: Competent Manager

Level 4: Effective Leader

Level 5: Executive

“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

“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

In this Episode:

-What makes a good leader?

-Leadership Hierarchy: The 5 Levels of Leadership

-Sam and Lucas play the Net Worth game

And more!

Resources:

-Schedule Your Free Business Strategy Consultation with Prime Corporate Services - https://primepartner.info/fasterfreedom

-Good to Great by Jim Collins - https://www.amazon.com/Good-Great-Some-Companies-Others/dp/0066620996

Connect with Sam and Lucas:

- Website - https://fasterfreedom.com/

- Instagram - https://www.instagram.com/samfasterfreedom/

- Facebook - https://www.facebook.com/SamFasterFreedom/

- LinkedIn - https://www.linkedin.com/company/faster-freedom/

- YouTube - https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw

- TikTok - https://www.tiktok.com/@samfasterfreedom

Buying Rental Properties with None of Your Own Money | EP. 55 Jan 25, 2023

Show notes

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.

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?

“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

“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

In this Episode:

-How Sam and Lucas came up with the deal

-Let's look at the numbers - Total property cost and creative financing strategy

-How to add value to the property

-Ninja hack to 10x your cash flow

-2-4 year future value projection

-Sam and Lucas talk about the best villains

And more!

Resources:

-Schedule Your Free Business Strategy Consultation with Prime Corporate Services - https://primepartner.info/fasterfreedom

Connect with Sam and Lucas:

- Website - https://fasterfreedom.com/

- Instagram - https://www.instagram.com/samfasterfreedom/

- Facebook - https://www.facebook.com/SamFasterFreedom/

- LinkedIn - https://www.linkedin.com/company/faster-freedom/

- YouTube - https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw

- TikTok - https://www.tiktok.com/@samfasterfreedom

Top 3 Reasons to Buy Real Estate Under Your LLC" | EP. 54 Jan 23, 2023

Show notes

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.

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.

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

- Sam Primm

“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

In this Episode:

-Buying a property under your personal name vs. under an LLC

-Reason #1: Mindset - Setting up an LLC means you're now a business owner, and you'll begin taking each transaction more seriously

-Reason #2: Accounting - When you set up an LLC, you can set up a business banking account instead of co-mingling your personal and business accounts; You can also take advantage of tax benefits

-Reason #3: Liability Potential/ Asset Protection - An LLC protects you from personal liability in case of a business lawsuit

-Are there disadvantages to forming an LLC?

-Sam and Lucas play “The Net Worth Game”

And more!

Resources:

-Schedule Your Free Business Strategy Consultation with Prime Corporate Services - https://primepartner.info/fasterfreedom

Connect with Sam and Lucas:

- Website - https://fasterfreedom.com/

- Instagram - https://www.instagram.com/samfasterfreedom/

- Facebook - https://www.facebook.com/SamFasterFreedom/

- LinkedIn - https://www.linkedin.com/company/faster-freedom/

- YouTube - https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw

- TikTok - https://www.tiktok.com/@samfasterfreedom

The Truth About Recessions & Real Estate | EP. 53 Jan 18, 2023

Show notes

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.

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!

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.

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!

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

- Lucas Walls

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

- Sam Primm

In this Episode:

-A brief history of US recessions

-How much was the cost of an average house in the US in 1975?

-What happened in the 1980 recession?

-What happens when interest rates go up to fight inflation?

-What was the price of real estate in the 1982 recession?

-What are the signs that point to inflation?

-What caused the recession in the early 2000s?

-The ‘dotcom bubble’ bursting and 9/11's impact

-Surviving 2008 to 2010

-When was the best time in history to get into real estate?

-What do Sam and Lucas think of Warren Buffett?

-Playing the Net Worth Game

-How much are Ellen DeGeneres and Steve Harvey worth?

And more!

Connect with Sam and Lucas:

- Website - https://fasterfreedom.com/

- Instagram - https://www.instagram.com/samfasterfreedom/

- Facebook - https://www.facebook.com/SamFasterFreedom/

- LinkedIn - https://www.linkedin.com/company/faster-freedom/

- YouTube - https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw

- TikTok - https://www.tiktok.com/@samfasterfreedom

5 Lessons for Starting a Successful Business: What We Wish We Knew | EP. 52 Jan 16, 2023

Show notes

“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.

“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

“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

In this Episode:

-Lesson #1: We need an active and passive income

-Lesson #2: The market doesn't matter; it's the investor and the strategy that they choose

-Lesson #3: Get around successful people

-Lesson #4: Good debt is key

-Lesson #5: Real estate is the best asset to own, whether you're paying cash or borrowing money

-Sam and Lucas talk about things that are Green

And more!

Resources:

Schedule Your Free Business Strategy Consultation with Prime Corporate Services - https://primepartner.info/fasterfreedom

Connect with Sam and Lucas:

- Website - https://fasterfreedom.com/

- Instagram - https://www.instagram.com/samfasterfreedom/

- Facebook - https://www.facebook.com/SamFasterFreedom/

- LinkedIn - https://www.linkedin.com/company/faster-freedom/

- YouTube - https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw

- TikTok - https://www.tiktok.com/@samfasterfreedom

Real Estate Game Changers: Learn from Our Mistakes | EP. 51 Jan 11, 2023

Show notes

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.

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).

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…

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

- Sam Primm

“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

In this Episode:

-Not doing due diligence

-Follow your passion and educate yourself

-How much can you learn on YouTube versus actually doing it?

-Getting a base level of knowledge in real estate

-Failing to budget properly

-The danger of not having a clear investment strategy

-Not diversifying your portfolio

-Hiring the right people

-Not preparing for unexpected costs

-Not managing your property properly

-Words that begin with the letter B

And more!

Resources:

Schedule Your Free Business Strategy Consultation with Prime Corporate Services

Connect with Sam and Lucas:

- Website - https://fasterfreedom.com/

- Instagram - https://www.instagram.com/samfasterfreedom/

- Facebook - https://www.facebook.com/SamFasterFreedom/

- LinkedIn - https://www.linkedin.com/company/faster-freedom/

- YouTube - https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw

- TikTok - https://www.tiktok.com/@samfasterfreedom

Real Estate Investing 101: The FasterFreedom Show's First 4 Steps | EP. 50 Jan 09, 2023

Show notes

It’s the 50th episode of The FasterFreedom Show, and Sam and Lucas (or should we say Luca$h?) have got a crowd in the studio to celebrate — and to bear witness to Lucas’s rap that he promised if the show made it to episode 50.

And made it they sure have. Not content to rest on their laurels, The FasterFreedom Show is dispensing more wisdom with their ‘first 4 steps to invest in real estate’. If you’re looking to get into the property game, but just don’t know where to start, then this one’s for you.

Plus, you’ll get to hear Lucas honor his bet and rap like a real estate beast! You don’t wanna miss it!

“There is literally no excuse not to at least get a base level of knowledge. I’m not saying everybody has to be an expert before they invest, but there’s no reason why, in my opinion, if you want to start wholesaling before you do your first deal, you shouldn’t know the difference in assignment, and double close… and things like that you can find out super easily online.”

- Sam Primm

“To look bankable is an important part of the BRRRRs strategy.”

- Lucas Walls

In this Episode:

-Setting your goals

-Where to get your knowledge from

-Going out and meeting people

-Go to your local meet-up and network!

-Get your money right!

-Getting good mentorship

-Lucas does an awesome real estate rap!

And more!

Song Beat Reference:

Dope Slow melodic trap Beat 2020 | EGO | by Flow Beats

https://www.youtube.com/watch?v=Xg7orUV2UZI

Connect with Sam and Lucas:

- Website - https://fasterfreedom.com/

- Instagram - https://www.instagram.com/samfasterfreedom/

- Facebook - https://www.facebook.com/SamFasterFreedom/

- LinkedIn - https://www.linkedin.com/company/faster-freedom/

- YouTube - https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw

- TikTok - https://www.tiktok.com/@samfasterfreedom

No Money, No Problem: Let's Buy an Apartment Complex | EP. 49 Jan 04, 2023

Show notes

One of the biggest challenges a real estate investor faces is financing the investment. As a general rule, you need a lot of money to buy an apartment or a house, much more an apartment complex. So, can you buy a property with no money down? The short answer is yes. However, there are some factors to consider. Buying huge apartment complexes can be challenging, but buying small apartments is not too bad, and it's a great way to scale.

In this episode, Sam and Lucas share a case study of how they bought a 12-unit apartment complex with no money. They walk you through how they found the deal and how they financed it. They also share the actual numbers so you can better understand how you can do the same thing. Let's find out how you can buy an apartment complex with no money in today's episode of The FasterFreedom Show.

“This little 12-unit, I feel like it's so manageable for so many people. It's more than single families, but it's not a 50-unit or even 30-unit you got to raise millions. It's so manageable, especially when people hear the numbers on this property.”