From Ordinary to Extraordinary: Where it All Began | EP. 14
The FasterFreedom Show: Change the Way You Think About Freedom · Sam Primm and Lucas Walls
Audio is streamed directly from the publisher (anchor.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
How do ordinary guys get started on making extraordinary wealth? In this episode, Sam and Lucas share their property bromance origin story and take a trip down memory lane that involves a wife that puts her foot down and weekend drives to hunt down distressed properties.
They’re here to entertain and educate as they learn to follow the BRRRRs strategy (Buy, Rehab, Rent, Refinance, Repeat) and pay back their first private lender in lickety-split time so that he goes in on their next deal with them too. And just like that, they’re up and running like ballers. You could be too if you give this episode a listen!
“Not every flip will make a good rental.” - Sam Primm
In this Episode:
- The benefits of starting an LLC (Limited Liability Company)
- Stay hungry: view 5 properties per week
- Buy it, rehab it, sell it – and use the profit as a down payment for your next property
- Make sure that every property you own is cash flow positive
- The value of equity (all property value increases over a ten-year period)
- How Sam and Lucas made $17K tax-free in 6 years, with $75K still in equity
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok