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No Money, No Problem: Let's Buy an Apartment Complex | EP. 49

No Money, No Problem: Let's Buy an Apartment Complex | EP. 49

FromThe FasterFreedom Show: Change the Way You Think About Freedom


No Money, No Problem: Let's Buy an Apartment Complex | EP. 49

FromThe FasterFreedom Show: Change the Way You Think About Freedom

ratings:
Length:
39 minutes
Released:
Jan 4, 2023
Format:
Podcast episode

Description

One of the biggest challenges a real estate investor faces is financing the investment. As a general rule, you need a lot of money to buy an apartment or a house, much more an apartment complex. So, can you buy a property with no money down? The short answer is yes. However, there are some factors to consider. Buying huge apartment complexes can be challenging, but buying small apartments is not too bad, and it's a great way to scale. In this episode, Sam and Lucas share a case study of how they bought a 12-unit apartment complex with no money. They walk you through how they found the deal and how they financed it. They also share the actual numbers so you can better understand how you can do the same thing. So let's find out how you can buy an apartment complex with no money in today's episode of The FasterFreedom Show. “This little 12-unit. I feel like it's so manageable for so many people. It's more than single families, but it's not a 50-unit or even 30-unit you got to raise millions. It's so manageable, especially when people hear the numbers on this property.” - Sam Primm “Every one of these buildings that we buy, the tenants love us. The only ones who don't like us are the ones who don't pay.”- Lucas Walls In this Episode:-How Sam and Lucas got the deal in 2018-How they funded the transaction without using their own money-What happened to the property value two years after?-Let's look at the numbers to understand the deal better-Sam and Lucas's Favorite Fast Food Joints and their favorite drinking game in college; they also chatted about Lionel Messi!And more!Connect with Sam and Lucas:- Website- Instagram- Facebook- LinkedIn- YouTube- TikTok
Released:
Jan 4, 2023
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.