The FasterFreedom Show: Change the Way You Think About Freedom

Did you know how Jeff Bezos, Elon Musk, and Mark Zuckerberg built their wealth? In this episode, Sam and Lucas discuss a simple and powerful path to creating wealth that almost every wealthy person uses. But you don't have to be as smart as Bezos, Musk, or Zuckerberg to do the same. Now, if you're the type of person who thinks saving your money is the best way to accumulate wealth, you have to hear this conversation.

Tune in and learn the strategy for wealth creation that will benefit your future generation. This strategy works for almost every business, but you must know that 90% of millionaires build their wealth through real estate, just like Sam and Lucas. 

In this Episode:

-Discover the ABCs of wealth creation (it's the same method used by Jeff Bezos, Elon Musk, and Mark Zuckerberg to build their wealth)

-Why do companies go public?

-How do you create wealth in real estate? 

-Random Thought of the Day: Twitter takeover

And more!

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

How do you like your brand to be known? If customers recognize your company’s brand and identify your products, it indicates how well your target market differentiates your product from those of competitors. It takes continuous effort to build a strong brand, but a strong brand massively increases the value of a company. There's probably nothing more satisfying than hearing someone say, “Yeah, I love that brand!”

There's no doubt that having a well-known brand is extremely powerful. With billions of people wanting to be heard, you can't take a backseat and leave your brand to chance. It is something that you intentionally nurture and grow. So how do you build a powerful brand? Sam and Lucas talk about MrBeast as an example. Then they share five simple things you can do to create a strong brand. Let's dive into today's episode of The Faster Freedom Show!

“Creating a brand will provide opportunities for you that you had no idea were out there.”

- Sam Primm 

“You need to be consistent and resilient, and you will start seeing fruits of your labor.”

- Lucas Walls 

In this Episode:

-What can we learn from the success of MrBeast (Jimmy)?

-Why is it important to have a strong brand?

-5 Tips to building a powerful brand

-Random Thought of the Day: Why are these brands/ people famous (even when they seem to be building their following the wrong way)?

And more!

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

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. 

“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 

“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 

In this Episode:

-Why so much equity?

-What is HELOC? What are its Pros and Cons?

-What is Cash Out Refinance? What are its Pros and Cons?

-Random Thought of the Day: What animal would win in a fight?

And more!

Resources:

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

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

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. 

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

- Sam Primm 

“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 

In this Episode:

-How Sam and Lucas are modeling their new business and their organizational enterprise after Warren Buffett's business model

-Current businesses owned by Sam and Lucas and how those businesses are doing

-What new company are Sam and Lucas planning to launch in 2023?

-Random Thought of the Day: Favorite holiday

And more!

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

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. 

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.

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

- Sam Primm 

“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 

In this Episode:

-How to buy multi-family housing

-How to structure your deals 

-How to build relationships with lenders

-Improving the properties to increase their value

-Let's look at some numbers

-Random Thought of the Day: Top 10 NBA draft

And more!

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

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?

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.

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

In this Episode:

-How did Sam and Lucas find the deal?

-How do you finance a deal like this? 

-Let's look at the numbers and future plans for the neighborhood

-Random Thought of the Day: Halloween candy

And more!

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

If you want to grow your business, you need to delegate some tasks to other people. Now, that might be hard, especially if you think you're the only one who can do things right. But believe it or not, some people are better at being an operator than you could ever be. The only question is, where do you find such people, and how do you know you can trust them?

In today's episode, Sam and Lucas talk about the three main wealth-producing businesses they co-own and how they have hired people to run the show. So, these companies, a real estate investing company, an education company, and a rental/property management company, are currently operated and managed by three people within the same circle as Sam and Lucas. One of the biggest challenges of relinquishing control of some parts of your business is knowing whether or not you can trust the person who will take the reins from you. So, if you want to know how to free up some of your time so you can focus on creating a bigger vision for your business, tune in and learn from Sam and Lucas. 

“If you wanna grow companies and create multiple companies, you're gonna have to eventually let go of the rope. You're gonna have to let go of the power and control and let somebody else run it for you.”

- Sam Primm 

“Eventually, if you want your business to grow and have an amazing business, you're gonna have to let go of control of certain parts of the business.”

- Lucas Walls 

In this Episode:

-How Sam and Lucas structured their companies and how they hired the people who run them

-FasterHouse - 300 houses - Phil Blackwood

-FasterFreedom - 2 million followers, 800 students, 175M owned - Matt Sieb

-MWPG - 42M owned - Richard Frock

-Random Thought of the Day: X and Y in Algebra and not English

And more!

Resources:

-Traction: Get A Grip On Your Business 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

Real estate investing is one of the best ways to build wealth. But to buy properties, you need multiple sources of funds. There are creative financing strategies you can use. You can also borrow money from private lenders or hard money lenders. In today's episode, Sam and Lucas discuss the easy way to access hard money. While it's not the cheapest option, there are certainly benefits to using hard money to finance your real estate investments. So tune in and discover the basics of hard money lending so you can begin building your rental portfolio. 

“Hard money lenders can really change the game for you.”

- Sam Primm 

“Getting approved with a hard money lender is almost step one of everything to building your rental portfolio. That allows you to go out and look at properties and make cash offers on properties with that approval, backed by that approval.”

- Lucas Walls 

In this Episode:

-What is hard money, why is it used, and how do you find hard money financing?

-Tips for dealing and building relationships with hard money lenders

-Standard terms and rates, points, and why rates should not scare you

-Example deal - 100K loan 12%, 3 points on

-Random Thought of the Day: Sleeping, pretend to sleep…

And more!

Resources:

-Freedom Capital Financing for Real Estate Investors - https://www.freedomcapital.info/

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

Did you know that Sam and Lucas became famous in a small town? But it happened for all the wrong reasons. First, they had a building blow over, not once…not twice… but three times…can you believe that? Do you want to hear the whole story? In this episode, Sam and Lucas walk you through the self-storage development deal. So they decided to buy and develop a self-storage facility, and they made a lot of mistakes, but in the end, it still proved to be an excellent investment. Listen to the rest of the story in today's episode of Ordinary Guys, Extraordinary Wealth. 

“Stick with real estate and don't give up, and just, you know, be flexible and willing to be agile.”

- Sam Primm 

“Everything's fixable in real estate.”

- Lucas Walls 

In this Episode:

-Story - Why Sam and Lucas decided to get into this deal in the middle of 2020, all the challenges they encountered, and everything else that happened

-Numbers - How much were the costs, the property valuation, and was there any profit in the end? 

-Mistakes - What went wrong, and how did Sam and Lucas process each error?

-Random Thought of the Day: Accents

And more!

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok

Interest rates are rising, and they're rising faster than what you and I probably expected. Higher interest means it costs more money to get money, and as an investor, you can't buy as much real estate. So what are your options?

In this episode, Sam and Lucas are excited to show you four ways to still make a good cash flow on your property, even with rising interest rates. So, listen up, take notes, and learn how to make more money during these crazy times. 

“If you're a smart investor and you're a business owner, there's always opportunities for you to take advantage of, or things you can sidestep, or you know, just things that can help you mitigate risks.”

- Sam Primm 

“Try not to worry about things that you can't control. Interest rates are one of those things. So focus on the stuff you can control, and your mindset will be a lot better. Your business will be a lot better as well.”

- Lucas Walls 

In this Episode:

-The effects of rising interest rates and inflation in the real estate market

-Long-term mindset - When buying a property, focus on the long-term game

-Rental rates increase - Rental rates are rising faster than interest rates, so there's lots of opportunity to make more money.

-Buy Deeper - Be cautious and stick to quality deals

-Shop Around - If your bank charges a higher interest rate, it's time to look at what other banks are offering (but you still have to consider other factors like the flexibility of terms, the relationships you've built, etc.)

-Random Thought of the Day: Forward/ Back - Lips

And more!

Connect with Sam and Lucas:

- Website

- Instagram

- Facebook

- LinkedIn

- YouTube

- TikTok