Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Profit or Loss: Lessons Learned from the 3 Worst Deals | EP. 4

Profit or Loss: Lessons Learned from the 3 Worst Deals | EP. 4

FromThe FasterFreedom Show: Change the Way You Think About Freedom


Profit or Loss: Lessons Learned from the 3 Worst Deals | EP. 4

FromThe FasterFreedom Show: Change the Way You Think About Freedom

ratings:
Length:
25 minutes
Released:
Aug 11, 2022
Format:
Podcast episode

Description

When investing in a property, you naturally expect to make a profit. But what if you mess up and lose money instead? In this episode, Sam and Lucas share the three worst deals that almost made them quit! Good thing they didn't. And now they're here to warn others about those mistakes and how to avoid them. They also talk about the lessons they learned in the process and how embracing failure can help you succeed. 
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 https://upvir.al/135682/lp135682 (here).
“Failure is a prerequisite to success.” - Sam Primm


In this Episode:
- How Sam and Lucas lost $30k on a project (and why should always consider the layout and functionality of the house).
- Spending too much on a rehab project without considering the market valuation in the neighborhood.
- A property staging that didn't go well.
- Why creating value in a tenant-occupied property is very challenging and not ideal for a BRRRR strategy?


Resources:
- https://www.freerentalwebinar.com/home1649452566716 (Rental Webinar Masterclass)


Connect with Sam and Lucas:
-https://fasterfreedom.com/ ( Website)
-https://www.instagram.com/samfasterfreedom/ ( Instagram)
-https://www.facebook.com/SamFasterFreedom/ ( Facebook Group)
-https://www.linkedin.com/company/faster-freedom/ ( LinkedIn)
-https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw ( YouTube)
-https://www.tiktok.com/@samfasterfreedom ( TikTok)
Released:
Aug 11, 2022
Format:
Podcast episode

Titles in the series (100)

It’s time to take control of your future and secure monthly cash flow. Not talking about your annual raise or getting a bigger bonus check, either. We’re talking substantial wealth that can transform your life and the generations that come after you using the power of real estate investing. If you have been plugging away at the same job for years and feel like you should be way further along by now, making substantially more money, You are not alone. So many people regret not taking action sooner, so they stick with the dead-end job and nothing ever changes. But the good news is it’s not too late, and by listening to Ordinary Guys, Extra Ordinary Wealth you’ll already be well on your way to financial freedom. Ordinary Guys, Extra Ordinary Wealth is going to teach you the exact methods that have helped hundreds of people go from making their first investment with no experience, to multi-millionaires with incredible portfolios that generate monthly passive income… and the best part, they did this without using any of their own money. Your hosts, Sam Primm and Lucas Walls started investing in real estate on the side, just like you. These two took their venture from side hustle to full-time job, and now own $40 million in rentals and counting (without using any of their own money). That has blossomed into an umbrella of industry-related companies that enhance and support their ventures. And really, they’re just a couple of normal millennial guys from the midwest! If you’re ready to take control and learn real estate investments the simple way, join the passive wealth club, grow a multimillion dollar portfolio, and even have fun doing it, Ordinary Guys, Extra Ordinary Wealth is a must-listen podcast. Follow the show now so you don’t miss a single episode.