Episode 30 - We Bought a Neighborhood
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?
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.
Listen up and find out how they found the deal, where they got the funds, and what they plan to do with these homes.
“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
“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
WHAT’s IN THIS EPISODE?
- How did Sam and Lucas find the deal?
- How do you finance a deal like this?
- Let's look at the numbers and future plans for the neighborhood
- Random Thought of the Day: Halloween candy
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I founded FasterFreedom to teach people just like me to take ownership of their freedom. There is a reason why real estate creates 90% of millionaires in this country.
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Real Estate can be overwhelming at times which is part of the reason why we don’t see more people taking advantage of the incredible wealth creating opportunities it provides.
I launched FasterFreedom to do just that… we provide the foundation and grooved path for individuals wanting to achieve freedom and financial independence through Real Estate Investing.
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