The FasterFreedom Show Podcast

Did you know that the average homeowner is sitting on over $175K equity? That's right. So what can you do with it? Tapping into your home’s equity can be beneficial in many ways. Home equity is a way to build personal wealth over time, and you can access the cash needed to improve your financial situation or for whatever else you see fit. You can also use it to fund substantial expenses, and it's often a more cost-effective financing option than using credit cards or personal loans. But let's focus on using equity for wealth building. What can you do with your home equity? That's what Sam and Lucas are discussing in today's episode. So tune in and discover a couple of ways to use your house to get rich.

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“That $175K average, and obviously some people have more than this average, that can change people's lives. You can use that for so many things.”- Sam Primm

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“If you're a real estate investor, I would use that money to fund your projects, whether it's your flips or building your rentals. That's exactly what I would do with it.”- Lucas Walls

Which one do you like better–entrepreneurship or real estate? They are actually linked, but with subtle differences. In this episode, Sam and Lucas will discuss real estate investing and entrepreneurship and share their plans for a company they're launching in 2023. Why are they doing this when they already own three profitable businesses? Let's listen up and get inspired by their story.

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“As we start to make more money and our companies become more profitable, we can potentially be our own money source.”- Sam Primm

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“You can give up on a product, you can give up on an idea, you can give up on a strategy, but never give up on your business.”- Lucas Walls

Many people investing in real estate usually start with one or two single-family homes. Then, as they grow their portfolio, they look at other asset classes like multi-family homes or apartment complexes. There are several benefits to investing in multi-family properties, one of which is that it is a faster way to accelerate your wealth. It is also easier to structure and monitor your deals vs. buying multiple single properties.

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In today's episode, Sam and Lucas discuss why they like investing in multi-family properties and how they structure their deals. They currently have over 120 doors, generating a steady cash flow from rent. The market value for those properties has also increased over time. Find out how you can do the same in this episode of Faster Freedom with Sam and Lucas.

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“Everybody creates wealth by owning assets, and if you wanna accelerate that, you just buy more assets.”- Sam Primm

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“If you wanna go enjoy your life, like a lifestyle business—go sit on the beach, go travel the world—I feel like apartments is the way to go.”- Lucas Walls

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?

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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.

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Listen up and find out how they found the deal, where they got the funds, and what they plan to do with these homes.
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“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

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“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