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" From $0 to $47 Million in 9 Years: The Success Story of Sam Primm"
Summary:In this episode of the Investing to Win podcast, Garret dives deep into the world of real estate investing with special guest Sam Primm. Sam shares his journey from a typical W-2 employee to amassing a real estate empire worth over $47 million. Tune in as they explore the ins and outs of successful real estate investing, the power of the BRRRR method, and how to leverage private lending to accelerate your investment journey. Get ready to be inspired and discover actionable strategies that can transform your financial future!
Takeaways:Sam Primm, originally from St. Louis, Missouri, grew up in a quintessential American household — his father an engineer and his mother a part-time teacher. Following the conventional path laid out before him, Sam ventured into the corporate world, securing a job that offered stability but also came with its own set of challenges. Amidst the stress of a demanding 50-hour workweek and a growing desire for more time with his family, Sam felt a deep-seated need for change.
The turning point came when Sam decided to dive into the realm of real estate investing. The journey was fraught with challenges, marked by a series of trials and errors. However, perseverance paid off, and Sam gradually began to notch victories, honing a strategy that yielded consistent success. Today, Sam boasts an impressive portfolio, with assets worth over $47 million, including approximately 300 rentals, in addition to having flipped over 1,000 properties — all achieved in less than nine years and without utilizing his own capital.
Beyond his personal achievements, Sam is the founder of FasterFreedom, a platform dedicated to empowering individuals eager to leave their conventional jobs behind and embark on successful careers in real estate investing. What sets Sam apart is his commitment to teaching from experience. He ensures that all lessons, strategies, and insights are drawn from his current real estate ventures, providing learners with practical, up-to-date knowledge that transcends theory and outdated methodologies.
Sam's ultimate mission is to offer others the same freedom and financial independence that real estate has afforded him and his family, demonstrating that with the right guidance and determination, anyone can achieve their dreams.
Connect with Sam:Subscribe to the podcast for more on real estate investment strategies. Review and follow us on social media for the latest updates.
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"Preventing Embezzlement and Risk in Business: The Role of an Internal Audit"
Summary:Join us in this episode of the Investing to Win podcast as we delve into the nuances of board governance and internal auditing with the seasoned expert, Brian Brown. Discover the vital role of audits in risk management and how effective governance contributes to organizational success.
Takeaways:[00:00:00] Introduction: Overview of today's discussion on board governance and the significance of internal auditing.
[00:03:00] Understanding Board Governance: Brian's insights into the evolution and importance of board governance in various sectors.
[00:15:30] The Role of Internal Audits: Exploring the critical aspects and benefits of internal audits with Brian.
[00:25:45] Interview with Brian Brown: Deep dive into Brian's extensive experience and perspectives on governance and auditing.
[00:45:00] Key Takeaways: Summary of the conversation and actionable insights for board members and auditors.
Brian Brown is a semi-retired professional with over 30 years of experience across the private, public, and not-for-profit sectors. Having served on both sides of the board table, Brian brings a wealth of knowledge in governance, internal audit, and risk management. He currently contributes his expertise on several boards, championing governance excellence and ethical business practices.
He is one of the founders of IIA Canada, serving on the Board for many years including two years as Chair. Brian has been providing education services for many years and is a frequent speaker at conferences and other events hosted by organizations including the IIA, Institute of Corporate Directors, Governance Professionals of Canada, Aboriginal Financial Officers Association, and local universities. He is a faculty member of The Directors College, Aboriginal Financial Officers Association, and a Distinguished Faculty Member of the IIA.
Additional Resources:Subscribe to the podcast for more on real estate investment strategies. Review and follow us on social media for the latest updates.
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Contact:For feedback or questions, reach us at [email protected].
" Mobile Homes: A Lucrative Asset Class?"
Summary:In this episode of the Investing to Win podcast, host Garret Wong explores the niche of mobile home investments and its potential for investors seeking affordable housing solutions with investor Shawn Hart.
Takeaways:Subscribe to the podcast for more on real estate investment strategies. Review and follow us on social media for the latest updates.
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Contact:For feedback or questions, reach us at [email protected].
"Tax Strategies for US Real Estate Investors: CPA Insights"
Summary:In this episode of the Investing to Win podcast, host Garret Wong engages with Amanda Han and Matt MacFarland, experts from Keystone CPA. They delve into the intricacies of tax saving strategies for real estate investors in the US, discussing depreciation, 1031 exchanges, retirement planning for real estate investors, and much more. Whether you're a seasoned investor or just starting out, this episode is packed with valuable insights to optimize your real estate investments from a tax perspective.
Takeaways:[00:00:00] Introduction and Background
[00:17] - Introduction to Keystone CPA and Services Offered
[01:36] - The Dual Partnership of Amanda and Matt
[02:32] - Overview of Tax Saving Strategies for Real Estate Investors
[04:24] - Defining Depreciation in Real Estate Investment
[05:25] - Understanding the End Game of Depreciation and Property Sale
[07:43] - Delving Deeper into 1031 Exchange
[09:30] - Restrictions and Flexibility in 1031 Exchange
[11:26] - Differentiating Between Individual and Corporate Tax in Real Estate
[13:42] - Tailoring Tax Planning for Different Business Sizes
[15:43] - Special Considerations for Real Estate Investor Retirement Planning
[17:13] - Real Estate Professional Status in Tax Planning
[19:48] - Different Tax Levels for Corporations and Individuals in Real Estate
[22:57] - Importance of Retirement Planning in Real Estate Investment
[24:42] - Self-Directed Investing Defined
[26:07] - Approach to Audit Representation and Resolution
[29:17] - Observing Industry Changes in Real Estate Tax Laws
[31:44] - Addressing Misconceptions in Real Estate Tax Planning
[33:44] - Onboarding New Real Estate Investors for Tax Planning
[35:15] - Planning for the Future: New Trends and Changes in Real Estate Tax
[37:19] - Personal Motivations for Specializing in Real Estate Tax Advice
[39:32] - Defining Success and Winning in the Context of Real Estate Tax Planning
Amanda Han and Matt MacFarland are the brains behind Keystone CPA, specializing in tax saving strategies for real estate investors across the United States. As real estate investors themselves, they bring a unique blend of professional expertise and personal experience to the table.
Amanda received her accounting degree from UNLV. As a CPA and real estate investor, Amanda has helped countless investors across the nation to super charge their wealth building through proactive tax saving with her top selling Amazon books as well as her teachings on prominent publications such as Money Magazine, Google Talks, and CNBC. Amanda brings over two decades of tax planning and compliance experience from working in Big 4 Public Accounting as well as public and private companies.
Matt received his accounting degree from UCLA and a Masters in Taxation degree from USC. As a CPA, Matt brings over two decades of tax planning expertise in working specifically with real estate investors and high net-worth individuals with his experience in Big 4 Public Accounting and in private client advisory.
Additional Resources:Subscribe to the podcast for more on real estate investment strategies. Review and follow us on social media for the latest updates.
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For feedback or questions, reach us at [email protected].
"Engineering Wealth: A Rocket Scientist's Journey to Mastering Finance"
Summary:In this episode, host Garret Wong interviews Jesse Kramer, a financial planner and the creator of The Best Interest blog and podcast. They discuss the importance of financial reviews, analyzing spending habits, maximizing savings, investment allocation and rebalancing, insurance and estate planning, and setting financial goals. In this conversation, Jesse and Garret discuss various aspects of personal finance and financial planning. They cover topics such as organizing important documents, the importance of having a will, healthcare proxy, and power of attorney, setting SMART financial goals, monitoring financial plans, and finding a balance between personal finance and lifestyle. The conversation emphasizes the need for individuals to take control of their financial future and make informed decisions.
Takeaways:[00:00:00] Introduction and Background
[03:02:00] Importance of Financial Reviews
[08:11:00] Analyzing Spending Habits
[15:12:00] Maximizing Savings
[23:05:00] Investment Allocation and Rebalancing
[37:25:00] Importance of Insurance and Estate Planning
[41:45:00] Setting Financial Goals
[42:27:00] The Life File and Important Documents
[43:21:00] The Big Three Documents: Will, Healthcare Proxy, and Power of Attorney
[45:03:00] Goal Setting with the SMART Framework
[47:19:00] Monitoring Financial Plans and Checking Progress
[48:55:00] Balancing Personal Finance and Lifestyle
[53:42:00] Summary of Financial Review
An ex "Rocket Scientist" - turned financial guru, Jesse Cramer believes finances are a means to an end...but just a means. The true end is for you to live your ideal life with the confidence that your finances will help you, not hinder you along the way. He loves sharing financial literacy and prides himself on client education, having previously taught undergraduate engineering courses at the University of Rochester. He also founded and runs *The Best Interest,* a free personal finance and investing blog nominated in 2022 as Personal Finance Blog of the Year. Prior to joining Cobblestone at the end of 2021, he worked for 7 years as a mechanical and aerospace engineer, designing and analyzing orbital satellite telescope systems.
Additional Resources:Subscribe to the podcast for more on real estate investment strategies. Review and follow us on social media for the latest updates.
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For feedback or questions, reach us at [email protected].
"Mastering Mindset for Success: Unveiling the Power of Coaching"
Summary:In this episode of "Investing to Win," host Garret Wong welcomes Tiffany Taylor, a master NLP, mindset, and business coach. Tiffany shares her journey from overcoming personal challenges to becoming a top coach, emphasizing the transformative power of mindset work. The conversation delves into the nuances of coaching, the importance of understanding one's subconscious, and practical tips for entrepreneurs and investors to overcome mental blocks and achieve their goals.
Timestamps:Tiffany Taylor specializes in NLP, mindset, and business coaching, focusing on unlocking her clients' potential by addressing subconscious patterns. Her unique approach involves deep work on internal programming and practical strategies for personal and professional growth.
Additional Resources:Subscribe to the podcast for more on real estate investment strategies. Review and follow us on social media for the latest updates.
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Contact:For feedback or questions, reach us at [email protected].
"Mastering Financial Freedom: Justin Peters on Saving for Your First Rental Property"
Summary:Join us as Garret Wong welcomes fellow podcaster Justin Peters to the "Investing to Win" podcast. In this episode, they delve into the crucial steps of saving for a down payment on your first rental property. Justin shares his personal journey and insights on financial education, the significance of saving strategies, and the power of side hustles. The discussion provides practical tips on budgeting, the importance of setting financial goals, and creative ways to boost income.
Timestamps:Justin Peters shares his expertise on financial planning and wealth management, especially for younger audiences. Ready to conquer the world, he launched into his 20s eager to get his adult life started.
He had no idea some of the struggles he wouldn’t be prepared for. He thought his degree was enough but realized he graduated from college only to start the school of life!
Now he has a passion for being that support for other young adults. In 2020, they launched their podcast, "The Struggle is Real with Justin Peters", where they discuss all the things they wish they would have learned in school from career advice, financial literacy, relationship guidance, and healthy living tips.
Subscribe to the podcast for more on real estate investment strategies. Review and follow us on social media for the latest updates.
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For feedback or questions, reach us at [email protected].
"Buttercup Project Update #2: Secondary Suite Challenges and Lessons"
Summary:In this episode, Garret Wong updates listeners on the Buttercup project, focusing on the development permit process for a legal secondary suite conversion. He shares experiences with city regulations, the importance of accurate planning, and the impact of small mistakes on project timelines. The episode offers practical advice based on real-life scenarios, useful for anyone in real estate investment.
Timestamps:Garret Wong, host of the "Investing to Win" podcast, shares his journey in real estate investment. His experiences offer practical insights and lessons for investors at various levels.
Additional Resources:Subscribe to the podcast for more on real estate investment strategies. Review and follow us on social media for the latest updates.
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For feedback or questions, reach us at [email protected].
Podcast Episode Title: Unlocking YouTube Success: Real Estate Edition
Introduction:
Join us in this engaging episode as we delve into the world of YouTube with Meredith Marsh. Discover how real estate investors can harness the power of YouTube to expand their reach, engage with audiences, and drive success in their ventures.
Timestamps:
About the Guest: Meredith Marsh
Meredith Marsh is a renowned YouTube strategist and the founder of Thriving Creators Society. With her expertise in video creation and online business, she empowers personal brands and businesses to shine on camera and thrive through YouTube.
Mentioned in this Episode:
Connect with Meredith Marsh:
Additional Resources:
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Host: Garret Wong
Episode Title: BitTalks: Navigating the Bitcoin Revolution
Release Date: 21 Nov 23
Duration: 50:03 min
Introduction:
Guest: Chris Reavis a technology and cryptocurrency expert with over 35 years of experience.
Topics Covered
Episode Highlights:
"They're continue creating more money so we're used to an inflationary currency. That's always creating more volume of currency I call that inflation. It's really the alution of buying power when I was a kid in the in the late sixty as you know the equivalent of $ 1000 in is about $ 9000 now so it's devalued quite a bit. Bitcoin is different and it takes a little while to get used to this There's only 21 M bitcoin ever they're not making more"
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