Choose from over 100+ episodes!
What do you do when you take over managing a 32-unity property where the landlord collects rent with a gun behind his back? Join Sam and Lucas as they recount the wild story of how they were able to eventually own a derelict building with knife marks in the drywalls and water bubbles in the ceiling.
First, they fixed it, then they bought it, then they re-financed it – and now they’re sitting with a multi-family accommodation asset that sits at well above market value. Learn to do the right thing as a landlord, and you can secure your long-term financial security too!
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
“If you are in real estate, or you want to get into real estate, you have a choice. You can either be a slum landlord or a good landlord. If you do the right thing you can have pride in ownership – and you’re going to make more money. If you get better tenants in and take better care of your property, you’re going to make more money in the long run because tenants aren’t going to move out.” ~ Sam Primm
In this Episode:
- Why Lucas calls real estate “feel estate”
- Why getting creative with utilizing private lenders is sometimes your only option
- The blow-by-blow account of how to turn a slumlord situation into creating community in a multi-family building
- Why offering your tenants a bit of a deal (5%-10% discount on rent compared to similar areas) makes smart business sense
- How multi-family investing can set you up in the long run for financial stability
Connect with Sam and Lucas:
- Website
- YouTube
- TikTok
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
Ready to build sustainable wealth and enjoy a life of freedom through Real Estate?
