The FasterFreedom Show Podcast

Are you a good leader? How do you know for sure? What can we learn from great leaders like Elon Musk or Steve Jobs? Being a leader is hard. Being a level 5 leader is almost impossible. However, being a leader is rewarding when your persistent hard work takes your company to greater heights. A leader must have the capacity to translate vision into reality. But how do you do that?

‍

In this episode of The FasterFreedom Show, Sam and Lucas talk about leadership, what it means to them, and how to become a level 5 leader, as discussed in the book Good to Great by Jim Collins. So, if you want to know the qualities of a good leader and how you can grow your leadership skills, this episode will give you the answer.

‍

Here are the 5 Levels of Leadership:

‍

Level 1: Highly Capable Individual

Level 2: Contributing Team Member

Level 3: Competent Manager

Level 4: Effective Leader

Level 5: Executive‍

‍

“Leadership is key. Whether you talk about family, you're a coach, you're a business, you're an entrepreneur, you are a manager—whatever it is, being a leader is tough.”- Sam Primm

‍

“You can have the best product in the world, the best sales team in the world, but at some point, if your leadership isn't on point or your leadership team, whatever that looks like, that company is not going to succeed.”- Lucas Walls

Real estate is one of the best ways to build wealth. However, you need a lot of money to buy properties. But did you know that you can purchase real estate properties without using your own money? That's right! If you want to know how to do it, today's episode has the answer for you.

‍

In this episode of The FasterFreedom Show, Sam and Lucas present a case study of how they bought a 29-unit apartment with NONE of their own money. They were able to do that through creative financing strategies, which they will break down for you today–with actual numbers, so you know exactly how it looks. Sam and Lucas lay it all out, from finding the deal to financing it and turning it into a profitable income stream. So listen closely because they also talk about a hack to 10x your cash flow. Now, who wouldn't want that?

‍

“We took time to develop a relationship with this broker. We did it the right way, and now we have deals coming in, not more than we can handle but on a regular basis.”- Sam Primm

‍

“The deals we look at have to cash flow. That's the number one thing they have to do. And they have to cash flow in a way where we're not putting 20% cash down.”- Lucas Walls

Did you know that some investors buy real estate under their own name? Well, what's wrong with that? It's your property, anyway. However, if you're purchasing an investment property or a property you intend to use for purposes other than your primary residence, it's best to buy it under an LLC. But, of course, there are pros and cons to any decision you make.

‍

In this episode of The FasterFreedom Show, Sam and Lucas discuss their top 3 reasons for buying a property under an LLC vs. your personal name. They also discuss some disadvantages when choosing either option. So tune in and discover what Sam and Lucas have to say from their years of experience buying and selling real estate. ‍

‍

“If you start an LLC, it is no longer a side hustle. You are a small business owner.”- Sam Primm

‍

“Having a clean set of books when owning rental properties is very, very important, and setting up separate checking accounts is the first step to help you do that.”- Lucas Walls

Did you know that recessions have little or no correlation to the real estate market? There’s so much fear on social media regarding whether we are or aren’t in a recession — and why, therefore, it’s not wise to be investing in real estate.

‍

Sam and Lucas are going old school on this episode of The FasterFreedom Show. They're dropping the knowledge by giving us a FasterFreedom history lesson on, you guessed it, the history of US recessions!

‍

What we learn is that recessions happen. They’re cyclical. What happens, though, if you follow the numbers, is that real estate goes up like crazy between recessions, so it's still a good, resilient investment to make. So actually, none of what we’re experiencing now in the markets is new — it’s just packaged differently.

‍

Now then, what should you be looking at as your next investment? Where’s the opportunity? Sam and Lucas teach us to be greedy when other people are fearful — and vice versa. Join the FasterFreedom Show for some fascinating historical perspectives, and learn how to play ‘The Net Worth Game.’ Please join us!‍

‍

“The last six months, all you hear is ‘the recession is coming, the recession is coming.’ Bro, we’re in the recession.” - Lucas Walls

‍

“Winter is coming. It’s like Game of Thrones.” - Sam Primm