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One of the biggest challenges a real estate investor faces is financing the investment. As a general rule, you need a lot of money to buy an apartment or a house, much more an apartment complex. So, can you buy a property with no money down? The short answer is yes. However, there are some factors to consider. Buying huge apartment complexes can be challenging, but buying small apartments is not too bad, and it's a great way to scale.
In this episode, Sam and Lucas share a case study of how they bought a 12-unit apartment complex with no money. They walk you through how they found the deal and how they financed it. They also share the actual numbers so you can better understand how you can do the same thing. Let's find out how you can buy an apartment complex with no money in today's episode of The FasterFreedom Show.
“This little 12-unit, I feel like it's so manageable for so many people. It's more than single families, but it's not a 50-unit or even 30-unit you got to raise millions. It's so manageable, especially when people hear the numbers on this property.”- Sam Primm
“Every one of these buildings that we buy, the tenants love us. The only ones who don't like us are the ones who don't pay.”- Lucas Walls
As we approach 2023, you might be wondering if it's still a good idea to invest in real estate, especially during a recession. What is the best investment strategy? Which markets should you invest in? The housing and real estate markets typically suffer in a shifting market. However, if you're in a financial position to do so, purchasing a home during a recession is often a good move. Housing is one of the primary needs of people. Hence, rental properties are still a steady source of income for real estate investors. To help you decide, Sam and Lucas discuss their investment strategies, the filters they use when choosing their approach, and why some strategies work better than others. So tune in to this episode of The FasterFreedom Show to learn more about making wise investment decisions that can change your life in 2023.
“You can wholesale from a different country if you have a phone. So wholesaling is the simplest one as far as you can do it anywhere. You can do it in your backyard, or you can do it across an entire country.”- Sam Primm
“You probably don't have to look outside your backyard for a short-term rental if you want to get involved in that game.”- Lucas Walls
Sam and Lucas are at it again — helping more people create more freedom with their real estate wisdom. What’s special about this episode is that we gain a fascinating insight into the working relationship of two business partners as they audit the ups and downs of their property game in 2022.
They look forward to the next year too, and this episode is about embracing the challenges in 2023. We get to learn about growing your social media presence, launching a mastermind, and the organic approach of observing where the market will allow you to grow.
If you’ve enjoyed the bromance and banter between these two — and if you’re interested in the property market in 2023 and where it’s likely to go — then this episode is absolutely for you.
Sam and Lucas aren’t scared of the market and are looking to do some fun things with it. Taking advantage of the upswing starts with dialing into this episode and taking the advice that’s on the table. Keep investing and keep moving forward with The FasterFreedom Show.
“We’re kinda going to take what the market gives us this year. With higher interest rates and the market slowing down in general, we just have some uncertainty there. So we’re not going to stop growing, but we’re going to be a little more selective than we have been in the past, probably. - Lucas Walls
The number one question Sam gets asked is, “how do you find a private lender?” And he always responds with, “find a Steve.” Who is Steve anyway? Is he real or just a figment of Sam and Lucas's wild imagination? Today we'll meet Steve, the number one connection that changed Sam and Lucas's life. He is the first private lender to Sam and Lucas, and he talks about it in this episode of The FasterFreedom Show.
Sometimes, all you need is that one person who believes in you. That's how Steve has been to Sam and Lucas. You'll be interested to know that he is a good friend to Sam's parents, so they've had a connection even before Sam was born! How cool is that? If you want to know the whole story, listen up and take advantage of the golden nuggets within the inspiring and informative conversation between Sam, Lucas, and Steve.
“Everybody who's been in business has made mistakes. Everybody who's been in business has failed at some point in time.”- Steve
“There's more harm done when people try to avoid failure than actually failing.” - Sam Primm
“The best part about private lending is you can structure the deal and the returns in whatever way makes sense for yourself, the investment, and your private lender.”- Lucas Walls