Episode 51 - Common mistakes to avoid in real estate investing
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
WHAT’s 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
- Resources: Schedule Your Free Business Strategy Consultation with Prime Corporate Services
Meet the Founder of FasterFreedom
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.
It's an incredible vehicle for leverage, cash flow, appreciation and the sheer practicality of it… Everyone (and I mean everyone) has the opportunity to benefit from Real Estate.
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.
I pride myself in practicing what I preach, meaning all of my lessons and tips are constantly updated and based on the real investing that I do right now- so you only learn what works and not through theory or outdated practices!
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