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As you start looking into purchasing and renting out your real estate property, you naturally think about a profitable return on your investment. However, many landlords realize too late that they're making a mistake that costs them the biggest expense and kills their profits. Don't make the same mistake.
So what is the biggest expense you should avoid if you pursue being a landlord? Sam and Lucas answer you in today's episode of The FasterFreedom Show. Tune in to learn what turnover is, why it costs so much, why it's important to screen potential tenants diligently and how Sam and Lucas choose their tenants.
“There are more good tenants out there than good landlords out there by far.”- Sam Primm
“The longer your average tenant stays in your property, the lower your turnover expense is gonna be.”- Lucas Walls
As you start investing in real estate, you will hear someone mention the BRRR (Buy, Rehab, Rent, Refinance) Method. It's a powerful wealth-building method that Sam used to become a multimillionaire. But Sam has added one more phase, which is SCALE. Hence it's now known as the BRRRS Method. So how exactly does this method work?
In this episode, Sam goes solo and deep dives into the BRRRS (Buy, Rehab, Rent, Refinance, Scale) Method, which allowed him to build up 42 million dollars worth of real estate without using any of his own money. Let's find out how he did it in today's episode of The FasterFreedom Show.
“The BRRRS Method has allowed me to literally create 42 million dollars of real estate without using any of my own money.”- Sam Primm
How do you invest in properties miles away from where you live? If you think it's impossible, then think again. In today's episode, Sam interviews an extraordinary guest. Former star student turned FasterFreedom Coach Keola Kapaku Boak will discuss how to invest remotely, meaning you can invest in any market even if you do not live in it. He uses his own story as an example of what's possible as long as you have the right mindset. Keola bought eight rental properties in the first ten months, living in Hawaii and investing in midwestern Missouri, which proves that no matter what market you're in, you can invest in properties located in other markets. He now owns a multi-million-dollar portfolio. Tune in and get some practical tips from Sam and Keola in this episode of The FasterFreedom Show.
“Jealous people are usually not successful; curious people are.”- Sam Primm
“I think your association is so important to help you thrive.”- Keola Kapaku Boak
What is the most significant factor that separates good companies from great companies? Why do some companies thrive even under extreme challenges while others fold up shop? The answer is simple: Values and Culture. In this episode, Sam and Lucas give us an insight into their core values and culture and how they use it to hire, grow and motivate people. Companies with great culture and core values are more resilient, especially when the entire organization is moving in the same direction. So, what values do you have for your company?
“You usually know what the right thing is to do, but doing it is not always easy, and it is not always something that people are willing to do.”- Sam Primm
“In business, you're not gonna fail unless you give up, and there's gonna be times when you want to give up.”- Lucas Walls
Ready to build sustainable wealth and enjoy a life of freedom through Real Estate?
