The FasterFreedom Show: Change the Way You Think About Freedom

Self-Storage: The Real Estate Journey of Sam and Lucas" | EP. 27 Oct 19, 2022

Show notes

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:

Maximizing Your Real Estate Cash Flow in a Rising Interest Rate Market | EP. 26 Oct 17, 2022

Show notes

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:

Maximizing Your Niche: The Key to Success | EP. 25 Oct 12, 2022

Show notes

Do you believe that the riches are in the niches? “Figure out your niche and maximize it,” says NBA player P.J. Tucker. So how do you find your niche? There are several ways to do it. In this episode, Sam and Lucas discuss the importance of niching down. They also talk about the three main niches in real estate and which niche might be right for you.

Without clarity of focus, it will be hard for you to succeed. Billionaire Jeff Hoffman said, “Doing three things is not 3x harder than doing one thing. Doing three things is a million times harder than doing one because you're just spread out, and you can't put the right effort into what you're doing.”

“I think it makes sense that if you focus on something, you will be better at it than trying to do several things.”

- Sam Primm

“The more specific you get, the more they'll remember about you. And even if they don't bring you the exact thing that fits your buy box, it'll be close.”

- Lucas Walls

In this Episode:

-How do you find your niche?

-The three main niches in real estate, who they are for, and how they work

-Buy Box niche, where you specify the criteria for the property you want, like property type, geographic area, flip or rental, price range, etc.

-Why is it advantageous to focus on a specific niche?

-Random Thought of the Day: Memories… dinosaur sounds…

And more!

Connect with Sam and Lucas:

Real Estate Journey: From Quitting Jobs to $40 Million in Property | EP. 24 Oct 10, 2022

Show notes

Today's episode is a walk down memory lane. In the last seven years, Sam and Lucas have quit their jobs, bought $40 million worth of real estate, sold over 500 houses through wholesaling, flipped over 200 homes, and gained 2 million followers on social media. They also launched this podcast. So many things have happened, and it will be good to look back and reflect on each learning.

So join Sam and Lucas as they walk you through their journey. You will definitely pick up some gems that will encourage you to explore the power of real estate to transform your life for the better.

“The wealth and the financial freedom is not in the cash flow; it's in the equity, whether it's a business or real estate.”

- Sam Primm

“It is important to stay present. Focus on what you do now, but I think something along the lines of, like 5 or 10% looking back, 30% looking forward, and 60% in the present.”

- Lucas Walls

In this Episode:

-2014~2015 - When Sam and Lucas started their LLC; The most significant lessons were learning about refinancing, the BRRRS method, and the importance of surrounding yourself with people who are better than you

-2016 - Why rehabbing houses is hard work

-2017 - Delayed gratification; mindset shift and realizing to play the long-term game, more hard work, and a lot of fun!

-2018 - Sam and Lucas took a leap of faith–quitting their jobs and going full-time on real estate

-2019 - Realizing the power of building a team and putting people who are experts in what they do

-2020 - It was a crazy year! But rather than slow down, it was the year when Sam and Lucas doubled down on their efforts and built relationships with banks

-2021 - Going hard on multi-family properties and building relationships with the right people

-2022 - Exploring the power of social media to reach more people

-Random Thought of the Day: Does a straw have one or two holes?

And more!

Connect with Sam and Lucas:

Unlocking the Power of Real Estate: The BRRRS Method | EP. 23 Oct 05, 2022

Show notes

Most rich people would agree that real estate is one of the best ways to build wealth. But some people are stuck in that old belief that you need to have a massive amount of money to invest in real estate. However, there are several ways to start investing in properties without writing your own check. You just need an open mind and learn from people who made a fortune buying and selling properties, just like Sam and Lucas.

In today's episode, they will discuss the method that changed their lives. Sam and Lucas would even argue that this method is more powerful than any other investment strategy out there. So, listen up and discover how you can start investing in real estate using the power of the BRRRS method.

“Go where the opportunity lies, not where it hides.”

- Sam Primm

“With this BRRRS Method, we are able to have access to that type of wealth without having any upfront money.”

- Lucas Walls

In this Episode:

-Buy - The first part of the BRRRS Method; the key here is to buy distressed properties using other people's money

-Rehab - Why and how do you fix up the property?

-Rent - Turn your property into a cash-producing asset

-Refinance - Why do you need to refinance, and where do you go to get that financing?

-Scale - Learn from your mistakes, make your process sustainable, and continue growing your portfolio and your wealth

-Random Thought of the Day: 90% of millionaires built their fortune from real estate, so why experiment with other investment opportunities?

And more!

Connect with Sam and Lucas:

Accelerate Your Success with the Power of OPK | EP. 22 Oct 03, 2022

Show notes

Are you the type of person who likes to figure things out on your own, or are you someone who leverages other people's knowledge (OPK) to learn something new? If you want to be efficient and effective with your time, getting a mentor or a coach is the answer. People who have achieved what we want to achieve can definitely help us get there faster because they already know the way. There are many ways to access other people's knowledge nowadays, especially with YouTube, social media, and podcasts. So there's really no excuse. Even great guys like Tom Brady have mentors and coaches.

In today's episode, Sam brings in his mentor, Bryan Schroeder, the founder of FasterHouse. Bryan has been a real estate investor in the Saint Louis Metro area for over 15 years, and he is an excellent influence on Sam. Tune in to this conversation and learn more about the Power of OPK to accelerate your success.

“I feel like other people's knowledge is maybe the most powerful thing in the universe–even above the Infinity Stones.”

- Sam Primm

“I guess I've done a bit of both, learning from people and figuring out on my own, but it's a lot easier to learn from other people.”

- Bryan Schroeder

In this Episode:

-Different ways of getting access to other people's knowledge

-Bryan and Sam's favorite book, podcast, and people

-Bryan and Sam's mentors, coaches, and life-changing courses

-How much would you have to invest in self-development and transformation? Is it worth it to pay that much money on a coach?

-Random Thought of the Day: How much time do people spend on Fantasy Football?

And more!

Connect with Bryan Schroeder:

Connect with Sam and Lucas:

Real Estate Ignited: How Dusty and Chelle Sanders Transformed Their Lives | EP. 21 Sep 28, 2022

Show notes

You've probably heard a bunch of stories about people who had to pivot and create a different life for themselves. Each one has a different kind of inspiration to share with those who are willing to listen and follow the same steps. Today, you'll hear how the power of real estate helped transform two people's lives.

In today's episode, Sam brought in power couple Dusty and Chelle Sanders of Foundry Properties LLC to share how they created a better life and built a thriving business they can pass on to their children. They both used to work in the healthcare industry, each going through individual life challenges until they decided to try real estate and earned more than enough to be able to quit their jobs and go all in on their business. Now they are buying and selling multiple properties while enjoying their new life. Tune in today for a dose of inspiration!

“Honestly, the passion with real estate started here in the Faster House environment five years ago, but I just kinda stumbled into it. As soon as we got the first taste, both of our passions just ignited like a wildfire.”

- Dusty Sanders

“It's still a seller's market, but we're getting closer to what is a normal typical market.”

- Chelle Sanders

In this Episode:

-How Dusty went from living in his parents’ basement to owning multiple properties

-How Chelle sold homes while still working as an ER nurse

-The couple talk about their first projects, the best and worst deals, plus the challenges that came along with their journey

-Random Thought of the Day: Is the housing market crashing?

And more!

Connect with Dusty and Chelle Sanders:

-Facebook (Dusty)

-Facebook (Chelle)

-Instagram (Chelle)

Connect with Sam and Lucas:

Maximizing Your Real Estate Investment: 5 Proven Exit Strategies | EP. 20 Sep 26, 2022

Show notes

Have you ever wanted to buy an investment house but didn't know what you would do with it? When buying real estate, it's important to have multiple exit strategies, so you don't get stuck with a property that does not generate cash flow. So if you're looking at a few deals, think about the multiple ways you can make money from them instead of having only one path or plan.

In today's episode, Sam and Lucas discuss five common exit strategies they use. Each strategy has its pros and cons. The most important thing to remember is to treat each house on a case-by-case basis and choose the best exit for that property. So tune in and learn what options you have. You'll be glad you did!

“When buying real estate, have multiple exit strategies in mind if possible.” - Sam Primm

“Each house has its individual uniqueness and everything about it, so picking that exit strategy, especially in this market, and getting that right, is more important than it has ever been.” - Lucas Walls

In this Episode:

-What is an exit strategy?

-Why is it important to have multiple exit strategies?

-Common exit strategies and how to decide which strategy to take depending on the type of property you're buying

-Random Thought of the Day: How does the internet work on airplanes?

And more!

Connect with Sam and Lucas:

Unlocking the Secrets to Creative Real Estate Financing | EP. 19 Sep 21, 2022

Show notes

Not everyone has unlimited money to invest or even connections, especially at the start. In those situations, you have to be creative. There are different options to finance an investment using other people's money. In today's episode, Sam and Lucas will share five creative financing options, four of which they have personally used in many of their real estate deals. So if you're feeling adventurous, learn more about these options so you can grab the next profitable deal and be on your way to success.

“So many times, we bought a deal and didn't know what we were doing at first. We just figured it out as we went.” - Sam Primm

“Be as creative as possible. Get the best terms in your favor and be able to simply pitch that to your investor.” - Lucas Walls

In this Episode:

-How does Subject To financing work?

-When is it good to utilize Owner Financing?

-What makes Fix and Flip with Private Lenders an attractive option?

-Private Lenders to Owner Financing and Private Lenders to BRRRS are two more options you can consider

-Details on the Deal O’ The Week

And more!

Connect with Sam and Lucas: