The FasterFreedom Show Podcast

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

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

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

Do you believe that the riches are in the niches? “Figure out your niche and maximize it,” says NBA player P.J. Tucker. So how do you find your niche? There are several ways to do it. In this episode, Sam and Lucas discuss the importance of niching down. They also talk about the three main niches in real estate and which niche might be right for you.

‍

Without clarity of focus, it will be hard for you to succeed. Billionaire Jeff Hoffman said, “Doing three things is not 3x harder than doing one thing. Doing three things is a million times harder than doing one because you're just spread out, and you can't put the right effort into what you're doing.”

‍

“I think it makes sense that if you focus on something, you will be better at it than trying to do several things.”- Sam Primm

‍

“The more specific you get, the more they'll remember about you. And even if they don't bring you the exact thing that fits your buy box, it'll be close.”- Lucas Walls