Choose from over 100+ episodes!
If you want to accelerate your wealth-building journey, get into debt. That’s as straightforward and as factual as it gets. If we waited till we saved enough capital before flipping our first rental unit, we wouldn’t be $40 million richer in assets owned in the span of 5 years. This is what we’re rallying here in this podcast, the road to faster freedom. The OPM strategy we’re going to talk about today is not one of your get-rich-quick schemes. It’s a proven and tested strategy to build generational wealth, without putting out any of your own money!
We’re giving away 2, all-inclusive sets of tickets for a full day and night with us worth $10-20,000! Get the chance to fly from anywhere in the country to our office in St. Louis and spend the entire day with us, plus a little dinner on the side, before we fly you back the next day. Enter to win here.
“A debt-free journey is not a way to create wealth, it's just a way to be debt-free. The only way you can do it unless you came from money, is to get into debt.” -Sam Primm
In this Episode:
- Understand the context of OPM and why it’s FTW in wealth-building
- Here are the reasons why you need other people’s money
- Explore our favorite sources of OPM and where to find them
- Being debt-free doesn’t make you rich, but, it can give you this…
- We’re ranting about tiny houses this week. Here’s why…
Resources Mentioned:
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
What is the difference between good debt and bad debt? Good debt can increase your net worth, whereas bad debt involves borrowing money to purchase rapidly depreciating assets. So what would buying a house qualify as? Join Sam and Lucas as they explore the differences, pros, and cons, of good debt versus bad debt – showing you how to use debt and leverage to acquire assets in a fun, engaging way.
Borrowing money is the way to go, and these two ordinary guys will reveal their extraordinary secrets for creating wealth through equity by getting into ‘good’ debt. The debt is good, the vibes are good, the couches are new, and the bromance is strong as solid financial advice flows between these two astute business partners.
We’re giving away 2, all-inclusive sets of tickets for a full day and night with us worth $10-20,000! Get the chance to fly from anywhere in the country to our office in St. Louis and spend the entire day with us, plus a little dinner on the side, before we fly you back the next day. Enter to win here.
“Becoming financially literate is a super important part of living a stress-free life and setting your family up for years to come.” ~ Lucas Walls
In this Episode:
- Why people who have good relationships with banks are the most financially well off
- Examples of good versus bad debt – and how to tell the difference
- How to control an asset with only a 20% down payment
- Evaluating your credit card debt: earning points while not letting the interest owed accrue
- Borrow money to buy something that produces cash and goes up in value
- When ‘the juice is worth the squeeze’ – taking a risk outside of your ‘buy box’
- Sam rants about Dave Ramsey’s fanbase (be warned!)
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
Which is better to own and manage: single-family homes or multi-family residential properties? In this entertaining episode, Sam and Lucas go toe-to-toe as they duke it out over the pros and cons of both, sharing knowledge and demystifying the real estate market as they do. They emphasize the importance of starting somewhere, and share the wisdom behind getting comfortable with the ownership and management process before attempting to scale up. They also look at how the rental market was affected by the pandemic, and they discuss why tenant turnover is expensive. It’s all here. The ‘feel estate’ market (Lucas’s new catchphrase) has never sounded so fun!
“I like multi-families because they are based on how much income we bring in. And we control the income by raising rent and being efficient with our expenses.” ~ Sam Primm
In this Episode:
- The main reason people don’t get started in real estate
- Catching a hot market with a single-family property
- The value of a dedicated maintenance team
- The low barrier for entry with single-family
- Finding tired landlords and other tips for getting a foot in the door
- How to scale a multi-family
- Go out and do it! Getting started with your property portfolio
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
Are you looking to make moves in the real estate market but have found it hard getting money from a bank? If so, private lenders are the solution for you. And chances are they’re already someone in your social circles. In this episode, Sam and Lucas break down what a private lender is, how to start talking real estate with people and turn them into private lenders – plus a whole bunch of industry tips that they’ve acquired over the years that have helped them make bank with OPM (Other People’s Money). The pros definitely outweigh the cons as these two pros show us how it’s done the smart way.
“Private lenders are individuals (or husband and wife types), usually in your circle, who are looking to diversify some of their investments and get a solid, safe return on real estate. And/or individuals who are interested in investing in real estate but don’t want to go through all the hard work, and just want a piece of it.” ~ Lucas Walls
In this Episode:
- What is a private lender? (Not a rich uncle)
- How to find a private lender
- How to pitch to a potential lender (have fun with the client AND take it seriously)
- Outlining the amount they can expect as a return on their investment
- The Pros and Cons of private lending versus going to a bank
- Plus: Deal of the Week and Rant of the Week (how hard it is to buy Air Jordans)
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
Ready to build sustainable wealth and enjoy a life of freedom through Real Estate?
