The FasterFreedom Show: Change the Way You Think About Freedom

Have you been hurt by your investments in the latter half of 2022? Sam Primm and Lucas Walls are pushing for you to find faster freedom in 2023 with this super insightful episode on How to Invest in Real Estate in 2023.

There’s a recap of why real estate agents and people in the property business have had to pivot for the past few months, and there’s great advice on what’s still out there in terms of housing opportunities. 

Sam and Lucas combine their friendly banter with their accrued real estate wisdom as they stare into the crystal ball of next year and make some big calls on how we can make that money so you can control your freedom. 

There are smart strategies on wholesaling, fix-n-flips, and rentals. By taking Sam and Lucas’s advice on board, you can bring your 'A' Game to the property market in 2023.

In this Episode:

-Understanding the Wholesale Game

-Get a contract on a house, and sell that contract to an end buyer

-Why wholesaling works everywhere

-What’s changed in the latter half of 2022? 

-What does ARV mean?

-Using the 3-3-3 rule

-Run your comparisons more conservative

-Keep those houses moving

-How to find good cash buyers

-What are fix-n-flips gonna be like in 2023? 

-Understanding the 2023 rental game

-Why rentals are still a good long-term investment

-Double-check your rental rates

-Finding cash flow in 2023

-Top Things that start with the letter A

And more!

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

Today's episode features the fantastic story of Khang Le, a successful business owner and an international influencer with millions of followers on social media. But Khang wasn't always successful. He was born and raised in Vietnam, growing up in a mud hut and catching frogs for dinner. Who could have imagined him having a promising future with that background? But look at what he has achieved. So if you need inspiration and proof that you can work your way to success, this is the perfect story for you. 

In this Episode:

-Khang's inspiring story - from catching frogs for dinner to having one of the biggest real estate brands and 4 million followers on social media

-How Khang made the leap from being a high school dropout to becoming an international influencer and an ultra-successful business owner

-How did Khang get into the wholesale business?

-What's the number one reason Khang became successful?

-Rich mindset vs. Broke mindset

-What is Khang's motivation for becoming successful?

And more!

Connect with King Khang:

- Website

- TikTok

- YouTube

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

What is your favorite sport, and what have you learned while playing? We grew up playing sports, and it has so many benefits. Aside from having fun, it taught us life lessons and business lessons. While losing in business has a lot more consequences than losing a high school basketball game, sports and business have much more in common than you can ever imagine. And in this episode, Sam and Lucas talk about six sports lessons they learned and how they relate to business. So let's dive in!

In this Episode:

-Teamwork - Working together to accomplish a goal

-Competitiveness - Competing, challenging, and having that preparedness to want to win

-Hard work pays off - As we start playing with better competition, you have to practice for months or even years to win that one big game

-Losing and learning from it - Learn from failures and get yourself back on track

-Receiving coaching - To be a great leader, you have to be coachable first

-Leadership - Not everyone has to be a leader in a team, but we all have leadership aspects in our lives

-Top 5 Marvel Characters

And more!

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

Hindsight is 20/20. People only realize how they could have made things better after the event. Some can't get past their decisions then, but others use the opportunity to learn and do better next time. In today's episode of The FasterFreedom Show, Sam and Lucas go through what they have done in their business and what they would have done differently. It's not like they have a ton of regrets. They have done great and built a great life, no doubt. But there are some things that, if they knew then, would have been better for both of them. So listen up and note what Sam and Lucas wish they knew, and maybe you can identify with some of these things. And then, you can look back at how things went in your life and your business and plan how you wish to proceed in 2023. 

In this Episode:

-Sam and Lucas wish they would have started sooner

-They would have taken advantage of the best time to buy and bought more properties 

-They would have gotten into STRs sooner

-Top 5 ideal ages with reasons 

And more!

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

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 

In this Episode:

-What is turnover?

-Why good tenants are important

-Why turnover costs so much (let's look at some numbers)

-How Sam and Lucas approve tenants

-Top 5 vacation destinations

And more!

Resources:

-Financing For Real Estate Investors, Simplified - https://www.fasterfreedomcapital.com/

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

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.

In this Episode:

-Why Sam chose to talk about this topic

-How to apply the BRRRS Method using a simple example

-What is the Scale Method?

And more!

Resources:

-Financing For Real Estate Investors, Simplified - https://www.fasterfreedomcapital.com/

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

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. 

In this Episode:

-The incredible story of how Keola found Sam back in November 2020

-Why should you join the FasterFreedom mentorship program?

-Tips for new real estate investors to get the ball rolling

-The mindset of a successful business owner and investor

-What does it take to do remote investing?

-Finding connections and the support that you need to succeed in real estate investing

And more!

Resources:

-Financing For Real Estate Investors Simplified - https://www.fasterfreedomcapital.com/

-Join the FasterFreedom Mentorship Program - https://fasterfreedom.com/

Connect with Coach Keola Kapaku Boak:

-FasterFreedom Mentorship Program - https://fasterfreedom.com/

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

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 

In this Episode:

-Love and Respect – We put people first

-Continuous Improvement – We grow, innovate, and are open to change

-Personal Accountability/ Extreme Ownership – We take responsibility

-Courage to Persevere – We get things done

-Mindset of Abundance – We believe there is enough for everyone

-Integrity – We do the right thing

-Fun and Supportive – Our environment is friendly, open, and drama free

-Random Thought of the Day: Top 5 Appetizers

And more!

Resources:

-Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras - https://www.amazon.com/Built-Last-Successful-Visionary-Essentials/dp/0060516402

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

Networking and being around people, and learning from other people are great tools to create wealth. And you can and should pay for it. But when you're just getting started, then you must stick with free tools. There's no excuse. “Knowledge has never been more at your fingertips than it is today,” says Sam. So in today's episode. Sam and Lucas share three powerful tools to build wealth. Discover what they are and get closer to achieving financial success. 

“Knowledge has never been more at your fingertips than it is today.”

- Sam Primm 

“When you're getting started, stick with free 100%.”

- Lucas Walls 

In this Episode:

-Network for free via Meetups and FB Groups

-Free knowledge via social media, YT University, podcasts, etc. 

-Take action because, without it, you won't go anywhere 

-Random Thought of the Day: Top 10 Sports Franchises

And more!

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

Like your phone or computer, your business needs an operating system to run efficiently. Businesses that have a stable system are usually the ones that can sustain growth and eventually scale. So how do you build a dependable system? That's what Sam and Lucas will discuss today. 

If you own a business or are looking to build a rental portfolio but don't have systems and processes in place, there's a lot you can learn from this episode. So listen up as Sam and Lucas break down their Entrepreneurial Operating System (EOS) and explain the Traction Model, which is based on the book Traction by Gino Wickman. 

“The system we're gonna break down is called the Entrepreneurial Operating System–EOS, like IOS for your phone, but EOS is for entrepreneurs with small businesses. It's literally how to take your business to wherever you wanna go, and you break it down all the way to the base level.”

- Sam Primm 

“You don't have to recreate an operating system and make it even that much more difficult. Business is hard enough. Use this operating system to go be more powerful with your ideas and strategies.”

- Lucas Walls 

In this Episode:

-Advantages and disadvantages of big corporations compared to small businesses

-Why Sam and Lucas recommend the book Traction by Gino Wickman 

-This Entrepreneurial Operating System (EOS) can help you reach your goals more efficiently 

-What does Sam and Lucas's weekly traction look like?

-Random Thought of the Day: Top 10 Rappers of All Time

And more!

Resources:

-Traction by Gino Wickman - https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok