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You've probably heard a bunch of stories about people who had to pivot and create a different life for themselves. Each one has a different kind of inspiration to share with those who are willing to listen and follow the same steps. Today, you'll hear how the power of real estate helped transform two people's lives.
In today's episode, Sam brought in power couple Dusty and Chelle Sanders of Foundry Properties LLC to share how they created a better life and built a thriving business they can pass on to their children. They both used to work in the healthcare industry, each going through individual life challenges until they decided to try real estate and earned more than enough to be able to quit their jobs and go all in on their business. Now they are buying and selling multiple properties while enjoying their new life. Tune in today for a dose of inspiration!
“Honestly, the passion with real estate started here in the Faster House environment five years ago, but I just kinda stumbled into it. As soon as we got the first taste, both of our passions just ignited like a wildfire.” - Dusty Sanders
“It's still a seller's market, but we're getting closer to what is a normal typical market.” - Chelle Sanders
Have you ever wanted to buy an investment house but didn't know what you would do with it? When buying real estate, it's important to have multiple exit strategies, so you don't get stuck with a property that does not generate cash flow. So if you're looking at a few deals, think about the multiple ways you can make money from them instead of having only one path or plan.
In today's episode, Sam and Lucas discuss five common exit strategies they use. Each strategy has its pros and cons. The most important thing to remember is to treat each house on a case-by-case basis and choose the best exit for that property. So tune in and learn what options you have. You'll be glad you did!
“When buying real estate, have multiple exit strategies in mind if possible.” - Sam Primm
“Each house has its individual uniqueness and everything about it, so picking that exit strategy, especially in this market, and getting that right, is more important than it has ever been.” - Lucas Walls
Not everyone has unlimited money to invest or even connections, especially at the start. In those situations, you have to be creative. There are different options to finance an investment using other people's money. In today's episode, Sam and Lucas will share five creative financing options, four of which they have personally used in many of their real estate deals. So if you're feeling adventurous, learn more about these options so you can grab the next profitable deal and be on your way to success.
“So many times, we bought a deal and didn't know what we were doing at first. We just figured it out as we went.” - Sam Primm
“Be as creative as possible. Get the best terms in your favor and be able to simply pitch that to your investor.” - Lucas Walls
Is the real estate market crashing? As more signs show that the housing market is slowing down in 2022, many people wonder where the situation will eventually lead and if buying properties is still a good idea. In today's episode, Sam and Lucas share their insights on the state of the housing market, the three main types of real estate investment, and the strategies that work during a softer market. These two guys have made numerous investments and good returns over the years, so their strategies and tips would definitely benefit you if you take note. Enjoy listening and learning how to invest during a recession!
“A recession can provide a unique opportunity to accelerate your wealth.” -Sam Primm
“Better deals are out there now than there were three months ago, six months ago, no doubt.” - Lucas Walls