Episode 6 - The Risks and Benefits of Hiring Your Friends and Family
You've probably heard people say that you should not mix family with business. It's because working with friends and family can be risky. But there's also a risk when hiring somebody you don't know. So the question is, how much risk are you willing to take? And when things don't go well with that friend you hired, how do you terminate the business partnership and still be friends?
In today's episode, Sam and Lucas share what they've done, how they have partnered with some of their closest friends and family, and the results. After hearing their story, you can decide if it's the right thing to do.
We’re giving away 2, all-inclusive sets of tickets for a full day and night with us worth $10-20,000! Get the chance to fly from anywhere in the country to our office in St. Louis and spend the entire day with us, plus a little dinner on the side, before we fly you back the next day. Enter to win here.
“We're buddies doing business together, and we think you should do business with your friends as well; if you have the right culture and expectations, it's a home run.”
- Sam Primm
WHAT’s IN THIS EPISODE?
- Setting proper expectations when working with friends and family
- Getting the right person in the right seat
- The challenges of working with friends and family
- Partner deals that Sam and Lucas have engaged in with their closest friends and family members
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updated and based on the real investing that I do right now- so you only learn what works and not through theory or outdated practices!
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