Starting a Mini Syndication with Sam Primm

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[casey_]: hey there and welcome to today's episode
of cash flow pro your daily real estate

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[casey_]: investing podcast and youtube channel i'm here
today with my guy sam prin from faster

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[casey_]: freedom and sam and i just got
done having like an epic pre episode discussion

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[casey_]: i can't wait for you all to
hear what this man has to say i'm

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[casey_]: telling you if you're not look to
do like a full lance indication where you

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[sam_primm]: do

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[casey_]: go hire attorneys and you go by
three hundred unit department complex and then you've

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[casey_]: got to find a key partner you've
got to find all these elements if you're

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[casey_]: not looking to necessarily start out with
that this guy out here has the plan

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[casey_]: he has the way to get started
if you're looking i called it a mini

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[casey_]: indication right sam i mean and that's

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[sam_primm]: is

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[casey_]: pretty much kind of what we're talking
about right

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[sam_primm]: yeah for sure appreciate having me on
we call it kind of a minisindication or

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[sam_primm]: just like a hybrid private lender model
it's definitely a little bit unique but it's

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[sam_primm]: worked well for us so we're gonna
keep doing it

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[casey_]: awesome man so i didn't mean to
like jump past you there and get all

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[casey_]: your introductions and thank you by the
way but no man we're super excited to

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[casey_]: have you here today and and i
can't wait to dive into this discussion so

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[casey_]: why don't you just just give the
audience a little bit an intro into your

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[casey_]: background and so that you know we
just know that that you really didn't just

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[casey_]: like to step into real estate last
week and now you're on the podcast and

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[casey_]: you're goin to start advising so go
ahead and the audience about yourself where you

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[casey_]: come from and how you got where
you are

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[sam_primm]: no i didn't start last week i
started two weeks ago just kidding

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[casey_]: two weeks ago

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[sam_primm]: i got two weeks ago i got
started in real site actually not that long

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[sam_primm]: ago in two thousand fifteen

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[casey_]: i don't

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[sam_primm]: i've taken the path that a

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[casey_]: a

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[sam_primm]: lot

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[casey_]: lot

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[sam_primm]: of

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[casey_]: of

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[sam_primm]: people

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[casey_]: people

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[sam_primm]: have

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[casey_]: have

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[sam_primm]: related

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[casey_]: related

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[sam_primm]: to and

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[casey_]: to

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[sam_primm]: i've been leaning into that a

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[casey_]: a

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[sam_primm]: lot

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[casey_]: lot

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[sam_primm]: recently

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[casey_]: recently

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[sam_primm]: i

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[casey_]: i'm

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[sam_primm]: bought

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[casey_]: thought

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[sam_primm]: as

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[casey_]: as

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[sam_primm]: normal

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[casey_]: normals

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[sam_primm]: against

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[casey_]: again

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[sam_primm]: my

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[casey_]: by

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[sam_primm]: dad

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[casey_]: that

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[sam_primm]: was an engineer my mom was

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[casey_]: a

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[sam_primm]: a teacher

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[casey_]: teacher

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[sam_primm]: went

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[casey_]: went

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[sam_primm]: to

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[casey_]: to

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[sam_primm]: school

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[casey_]: school

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[sam_primm]: went to college got a got a
degree graduated

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[casey_]: okay

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[sam_primm]: college was working for somebody else and
then wasn't super

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[casey_]: how

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[sam_primm]: satisfied with that path so started invest
in real estate on the side two thousand

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[sam_primm]: fifteen with a buddy lucas we kind
of grew that two thousand eighteen we both

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[sam_primm]: put our full time jobs you know
we can go through any time line you

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[sam_primm]: want but flash forward to to day
we own a house line company in saint

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[sam_primm]: louis faster house is going to flip
three hundred houses this year we own a

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[sam_primm]: forty million dollar runnalportfolio

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[casey_]: yes you need

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[sam_primm]: that we bought without using any of
our own money through a little bit we're

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[sam_primm]: gonna talk about today we got some
apartment some single some self stores and then

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[sam_primm]: i have this faster freedom brand that's
got about two million followers on social media

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[sam_primm]: where i'm educating people on how to
do what i've done because i've done it

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[sam_primm]: so i'm going to show you how
to do it i'm not and i didn't

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[sam_primm]: write a book ten years

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[casey_]: oh

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[sam_primm]: ago and tell you about it or
i didn't do it twice and tell you

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[sam_primm]: how to do it i've done it
and i'm actively doing it so we're actively

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[sam_primm]: growing that audience so

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[casey_]: man

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[sam_primm]: eat

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[casey_]: that

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[sam_primm]: sleep

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[casey_]: is

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[sam_primm]: and breathe real estate my man

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[casey_]: that is so kick ass and honestly
what i'm doing right now is m and

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[casey_]: i encourage the listeners and the watchers
on youtube my guy i hear instagram go

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[casey_]: follow him because the thing is that
this is this is stuff that and i

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[casey_]: just clicked the follow for those of
you that saw that and said hey he's

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[casey_]: not following i clicked the follow button
because i'm telling you i got here he's

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[casey_]: got it figured out again this is
there are so many people saying that ere

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[casey_]: out there that the really they're like
man so an attorney's tin grain and right

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[casey_]: to go i mean if you're going
to get basic indication docks drafted you're looking

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[casey_]: at a minimum of ten grand uh
then filing all of your l cs and

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[casey_]: getting everything straight in delaware wyoming what
when you're choosing is or wherever you're choosing

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[casey_]: is for that you're talking a other
thousand fifteen her book so you know and

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[casey_]: then that's you haven't even raised a
dollar at that point right so what i'm

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[casey_]: getting at and where i want to
start this conversation is and hey now listeners

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[casey_]: out there i want you to to
to focus in and there is a key

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[casey_]: to this and the key is is
either having an i r a or a

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[casey_]: four and one k or some some
other type of investing vehicle and or finding

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[casey_]: those people that have those things that
i mean those are one of those two

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[casey_]: keys has to happen right so sam
i want you o i'd like for you

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[casey_]: to kind of walk us through maybe
your first deal because people out there that

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[casey_]: are listening maybe haven't even done a
deal yet but they want to figure out

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[casey_]: hey how do i need to structure
this and i'm not talking about you have

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[casey_]: to go out on the street corner
and get people you don't know and say

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[casey_]: hey i want you invest

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[sam_primm]: yes

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[casey_]: your right with me i mean you
could call people that you know aunts uncles

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[casey_]: friends cousins nieces nephews whatever and say
hey listen i know the market it is

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[casey_]: really scary right now so why don't
we put at least a portion of why

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[casey_]: don't you consider putting at least a
portion of what you've got into

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[sam_primm]: oh

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[casey_]: this next apartment complex in our apartment
building duplex or triplex or quadplex and let's

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[casey_]: diversify just a little bit of what
you've got into that now with that being

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[casey_]: said there you know that's your certainly
risk a verse and a portion of that

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[casey_]: but anyway take us through your first
deal and then like where you found somebody

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[casey_]: that had some irate money or something
that wasn't invested in put it waiting there

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[sam_primm]: yeah for sure so our first our
first deal and kind of the lead into

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[sam_primm]: the money that we've used to buy
apartments and self storage was a single family

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[sam_primm]: deal you know the bird method we
used a private lender to purchase it sit

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[sam_primm]: up with their money rented it re
finance and paid them back their money so

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[sam_primm]: we had done that a few times
with a few lenders on single family reynolds

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[sam_primm]: that's usually a little bit easier for
someone to wrap their brain around like you

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[sam_primm]: said i'm not ask and for everybody's
money and i don't have rich parents like

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[sam_primm]: most people don't everybody thinks that private
lenders of rich parents that's not the case

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[sam_primm]: you know it can be anybody i
had a couple i've telled my students this

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[sam_primm]: all the time and then literally last
week i had a student say

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[casey_]: i

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[sam_primm]: my insurance agent offered me a hunder
and fifty grain because he's in his sixties

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[sam_primm]: and just wants to diversify a little
bit scared of the stock market wants to

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[sam_primm]: have a safe steady investment and the
other one

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[casey_]: it

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[sam_primm]: was a

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[casey_]: was

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[sam_primm]: real estate agent he worked with i
say go talk to real estate agents and

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[sam_primm]: buy their distressed or pocket listings and
this agent had work with him and he

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[sam_primm]: had some extra money so it comes
from anywhere it's not just a rich parent

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[sam_primm]: it's just connections you make through real
estate investing it can be family member it

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[sam_primm]: can be a friend of a family
member it can just be a connection we're

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[sam_primm]: not talking about sindicating accredited investors like
you kind of said with all the paper

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[sam_primm]: work and just being able to ask
anybody you don't know but it's usually some

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[sam_primm]: type of relationship that's built and we
started with just i mean we have i

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[sam_primm]: have a hundred and thirty six i
think single filmy randall so we started at

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[sam_primm]: the beginning and you know have built
that up n the equity with those investors

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[sam_primm]: and then we started to get into
the bigger fish the bigger game and we

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[sam_primm]: kind of did that hybrid indication or
that i call it an extended bird deal

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[sam_primm]: you know the same thing

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[casey_]: yeah

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[sam_primm]: in just over two years rather than
over three months so you know our first

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[sam_primm]: was a nine unit we bought for
two under five grand and two thousand

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[casey_]: yeah

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[sam_primm]: and in the end of two thousand
fifteen

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[casey_]: you want your money back want your

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[sam_primm]: yes

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[casey_]: mind how about to

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[sam_primm]: got

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[casey_]: be re ye

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[sam_primm]: yeah exactly so we use a private
lender for the twenty per cent down on

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[sam_primm]: that you know refine few years later
paid im back and just have repeated it

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[sam_primm]: and grown kind of each time

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[casey_]: wow all right

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[sam_primm]: ah

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[casey_]: so private lender and i don't want
to get into something that's maybe not in

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[casey_]: your wheel house so tell me if
we're if i'm kind of pushing out here

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[casey_]: but so so my aunt has two
under fifty thousand dollars in retirement again right

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[casey_]: and she's had it in she's had
it

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[sam_primm]: ye

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[casey_]: in whatever whatever fun this fund that
fund whatever right she said hey i want

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[casey_]: to take hunderd fifty of that i
want to invest it in real estate what

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[casey_]: has to happen in order for what
does she then need to do and i

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[casey_]: know what they did but i want
to hear you say i want to hear

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[casey_]: you explain how but she's never had
it set up as like she's not with

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[casey_]: a custodian or anything like that she's
just had it in like a funds company

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[casey_]: or something what needs to happen for
her to become that private lender for that

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[casey_]: twine now

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[sam_primm]: so using it out of her or
a you're saying or

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[casey_]: yes

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[sam_primm]: just out of any investment fun out
of her i so

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[casey_]: well out of a out of a
let's call it a non self directed aright

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[casey_]: and obviously or let's call it up
you see i'm a little i'm a little

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[casey_]: shaky on the language there is what
self directed what's not self directed and then

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[casey_]: how you how or if you can
change from one to the other

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[sam_primm]: so a majority of what we've done
has been you know people just investment funds

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[sam_primm]: not necessarily iras but we do have
a few people doing the self directed irate

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[sam_primm]: rot where they you know

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[casey_]: oh

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[sam_primm]: they got rough like intrust or somebody
like that like a company that that does

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[sam_primm]: it for them and the money goes
to this company and then this company pays

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[sam_primm]: their i a rather than keeping them
involved but as far as the actual tech

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[sam_primm]: tech technicalities of using a ira that's
not self directed or self directed i could

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[sam_primm]: probably fumble through it but if you
know i would rather have you explain the

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[casey_]: well

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[sam_primm]: right way

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[casey_]: i just know my my mother in
law is working on one where right now

212
00:09:10,532 --> 00:09:15,832
[casey_]: where she's moving it from being i'm
not sure if it was self tract the

213
00:09:15,852 --> 00:09:19,538
[casey_]: beginning anyway she's moving it to a
custodian and she's doing it through a company

214
00:09:19,598 --> 00:09:23,805
[casey_]: called rocket dollar which which i've got
i've had rocket dollar guys on here before

215
00:09:23,985 --> 00:09:30,176
[casey_]: and and there they're really they really
bring a lot to the game when it

216
00:09:30,236 --> 00:09:34,803
[casey_]: comes to to the how to do
that kind of stuff but um and i'm

217
00:09:34,864 --> 00:09:39,712
[casey_]: assuming that that that they invest from
an l l c or retirement l l

218
00:09:39,792 --> 00:09:46,533
[casey_]: c into your deal and then your
pre payments go back to custodian and they

219
00:09:46,613 --> 00:09:49,838
[casey_]: put it back with that lump sum
money under their l l c so they

220
00:09:49,939 --> 00:09:55,087
[casey_]: never really um see it but what
documents do you have to have drafted in

221
00:09:55,147 --> 00:09:58,296
[casey_]: order for that to happen do you
just have a joiner agreement or something where

222
00:09:58,357 --> 00:10:02,758
[casey_]: they're they're partner of that l l
c that owns that asset yeah

223
00:10:02,679 --> 00:10:05,724
[sam_primm]: yes so we've done it a few
different ways we made them actual members of

224
00:10:05,764 --> 00:10:09,490
[sam_primm]: the l l c like class b
members that don't have any say over anything

225
00:10:09,530 --> 00:10:10,211
[sam_primm]: but the members of the

226
00:10:10,180 --> 00:10:10,342
[casey_]: yeah

227
00:10:10,331 --> 00:10:14,178
[sam_primm]: l l c that owns the property
we've done it that way we've done just

228
00:10:14,258 --> 00:10:18,365
[sam_primm]: promise notes between our l l c
and their you know either trust or their

229
00:10:18,585 --> 00:10:22,211
[sam_primm]: ira or their you know whatever investment
account or bank account i guess whatever they're

230
00:10:22,612 --> 00:10:27,220
[sam_primm]: giving us the money out of you
know having a promissory note you know a

231
00:10:27,280 --> 00:10:31,887
[sam_primm]: guarantee giving them as an additional insured
on insurance document so things like that we

232
00:10:31,968 --> 00:10:35,513
[sam_primm]: try to protect them a little bit
and show them that you know it's a

233
00:10:35,574 --> 00:10:39,499
[sam_primm]: safe investment backed by some protections unlike
the stock market or a lot of things

234
00:10:39,539 --> 00:10:42,041
[sam_primm]: like we talked about in the pre
show was you know you just give them

235
00:10:42,081 --> 00:10:46,465
[sam_primm]: money and anything can happen there's no
guarantees there's no really you know really you

236
00:10:46,525 --> 00:10:50,739
[sam_primm]: know support behind it with what we
offer we try to you know they can

237
00:10:50,780 --> 00:10:53,947
[sam_primm]: put a lean on the property if
they like it's there additional insured and we

238
00:10:54,008 --> 00:10:56,774
[sam_primm]: have a promissory note signed with them
that you know we're going to pay

239
00:10:56,761 --> 00:10:56,905
[casey_]: yeah

240
00:10:56,834 --> 00:10:57,957
[sam_primm]: them back via these terms

241
00:10:58,361 --> 00:11:01,907
[casey_]: yeah and that's and that's that's i
think all of that stuff kind of kind

242
00:11:01,947 --> 00:11:09,159
[casey_]: of kind of scotching up all sides
of that right there is is definitely like

243
00:11:09,279 --> 00:11:11,523
[casey_]: deep only way to go because once
you

244
00:11:11,749 --> 00:11:12,409
[sam_primm]: yeah

245
00:11:12,044 --> 00:11:16,712
[casey_]: once you step into this world the
it i don't even think that the person

246
00:11:16,772 --> 00:11:21,239
[casey_]: that has the i r a is
or that's investing as the private lender whatever

247
00:11:21,680 --> 00:11:27,815
[casey_]: the risk of losing what they have
but says the principle or whatever you want

248
00:11:28,256 --> 00:11:32,663
[casey_]: the sponse or whatever you gonna call
it in that case is really like like

249
00:11:32,764 --> 00:11:35,188
[casey_]: you've got to you have to wear
a lot of hats and you have to

250
00:11:35,228 --> 00:11:39,654
[casey_]: be able to move things around and
again you have to have like like for

251
00:11:39,774 --> 00:11:44,982
[casey_]: instance my first thought is is like
accounting okay like your accounting has to be

252
00:11:45,142 --> 00:11:50,992
[casey_]: levelled up big time because at this
point now you're not necessarily just dealing with

253
00:11:51,252 --> 00:11:56,661
[casey_]: hey your aunt invested in your deal
you're dealing and you've got some some possible

254
00:11:56,902 --> 00:12:00,629
[casey_]: c c things you have to watch
out for even though maybe it's not necessarily

255
00:12:00,790 --> 00:12:07,171
[casey_]: registered with the s c but at
the same time you know if the c

256
00:12:07,311 --> 00:12:11,237
[casey_]: c gets wind that maybe hey something
is going on here man you're asking be

257
00:12:11,277 --> 00:12:12,519
[casey_]: in a sling really quick

258
00:12:14,579 --> 00:12:18,305
[sam_primm]: yeah you got you got to be
buttoned up and you just gotta you'll have

259
00:12:18,325 --> 00:12:22,492
[sam_primm]: that communication and you set the expectations
and everything but obviously you know legal you

260
00:12:22,512 --> 00:12:25,797
[sam_primm]: have to get buttoned up but that
is an advantage of dealing with what we've

261
00:12:25,837 --> 00:12:31,407
[sam_primm]: done is relation based lending relational based
you know funding um and you know you

262
00:12:31,427 --> 00:12:34,612
[sam_primm]: know the people and not that you're
going to screw up or not have everything

263
00:12:34,672 --> 00:12:37,877
[sam_primm]: buttoned up but there's a little more
leeway than you know doing a indication route

264
00:12:37,998 --> 00:12:41,785
[sam_primm]: or having you know have to have
everything like you said fifteen twenty thousand dollars

265
00:12:41,805 --> 00:12:41,965
[sam_primm]: worth

266
00:12:41,880 --> 00:12:42,220
[casey_]: yeah

267
00:12:42,025 --> 00:12:45,472
[sam_primm]: of documents drawn up by lawyers to
make sure everything is buttoned up you

268
00:12:45,428 --> 00:12:45,589
[casey_]: yeah

269
00:12:45,512 --> 00:12:50,592
[sam_primm]: know we've had deals that you have
been interesting and we've had to work through

270
00:12:50,632 --> 00:12:54,078
[sam_primm]: things and we've just had that communication
that's the thing i love about the private

271
00:12:54,098 --> 00:12:56,582
[sam_primm]: leanders we deal with we know them
and we work with them and they're willing

272
00:12:56,622 --> 00:12:59,628
[sam_primm]: to be flexible you know compared to
some other type of investors

273
00:13:00,704 --> 00:13:06,956
[casey_]: yeah and you know and as long
as it really stays always tied to a

274
00:13:07,016 --> 00:13:10,161
[casey_]: property and a property that you believe
in and a property that you're managing now

275
00:13:10,202 --> 00:13:14,669
[casey_]: let's talk about the property management as
far as reporting and stuff goes to your

276
00:13:14,769 --> 00:13:19,757
[casey_]: invest to the private lender is that
like are they just really expecting their pre

277
00:13:19,898 --> 00:13:23,404
[casey_]: payment and their principal back at the
end or do they want to see do

278
00:13:23,484 --> 00:13:28,732
[casey_]: you report like say hey monthly especially
if it's up i mean again without getting

279
00:13:28,873 --> 00:13:33,601
[casey_]: too niched down like saying a quadplex
right we say hey we were we were

280
00:13:33,641 --> 00:13:37,106
[casey_]: twenty five per cent vacant last month
we were twenty five percent vacant last quarter

281
00:13:37,247 --> 00:13:41,596
[casey_]: or we were we had two people
i mean what is the expectations of reporting

282
00:13:42,177 --> 00:13:46,328
[casey_]: that are taken back to to your
private lender folks

283
00:13:47,769 --> 00:13:52,116
[sam_primm]: yes so and we we're still trying
to figure out the exact mix a couple

284
00:13:52,237 --> 00:13:56,283
[sam_primm]: deals we've had them be owners in
the l l c and then owners you

285
00:13:56,323 --> 00:14:00,450
[sam_primm]: know that own the property and then
they're paid you know based off of cash

286
00:14:00,470 --> 00:14:02,053
[sam_primm]: flow of their ten percent owners

287
00:14:02,460 --> 00:14:03,240
[casey_]: yeah

288
00:14:02,494 --> 00:14:05,138
[sam_primm]: in the l l c then they're
going to get ten per cent of cash

289
00:14:05,218 --> 00:14:09,145
[sam_primm]: flow so we've had to report monthly
to them and then give their checks out

290
00:14:09,185 --> 00:14:12,571
[sam_primm]: you know the fifteenth of the following
month so we've had pretty buttoned up there

291
00:14:12,971 --> 00:14:16,357
[sam_primm]: but it's kind of a pain to
do all that so what we've gone to

292
00:14:16,457 --> 00:14:22,046
[sam_primm]: what we like better is just a
preferential interest rate whatever we decide upon based

293
00:14:22,126 --> 00:14:25,292
[sam_primm]: on the deal that we pay the
they and we've even gone to quarterly recently

294
00:14:25,392 --> 00:14:29,639
[sam_primm]: just to just to keep it you
know a little easier on us and at

295
00:14:29,659 --> 00:14:32,965
[sam_primm]: that point you know they don't have
any ownership we set up so they don't

296
00:14:33,025 --> 00:14:38,493
[sam_primm]: really care about seeing the books the
just want to see their interest interest check

297
00:14:38,653 --> 00:14:40,455
[sam_primm]: sent to them or sent to their
to their

298
00:14:40,350 --> 00:14:41,010
[casey_]: yeah

299
00:14:40,936 --> 00:14:41,256
[sam_primm]: account

300
00:14:41,210 --> 00:14:41,312
[casey_]: and

301
00:14:41,336 --> 00:14:41,416
[sam_primm]: so

302
00:14:41,372 --> 00:14:41,696
[casey_]: i guess

303
00:14:41,497 --> 00:14:41,657
[sam_primm]: yeah

304
00:14:41,838 --> 00:14:41,919
[casey_]: you

305
00:14:42,137 --> 00:14:43,433
[sam_primm]: at that yeah

306
00:14:43,480 --> 00:14:46,643
[casey_]: i am just going to say i
mean yeah unless they of course there would

307
00:14:46,683 --> 00:14:49,727
[casey_]: be no reason to really you know
that stuff could be kind of

308
00:14:50,149 --> 00:14:50,413
[sam_primm]: oh

309
00:14:50,227 --> 00:14:54,323
[casey_]: monotonous and boring if you're just having
to report that kind of i mean i

310
00:14:54,443 --> 00:15:00,632
[casey_]: see what you're saying is perfect i
mean and the private lender what's what's the

311
00:15:00,672 --> 00:15:04,477
[casey_]: biggest epartment complex you've taken down our
biggest biggest deal you've taken down with this

312
00:15:04,537 --> 00:15:05,298
[casey_]: private lender stuff

313
00:15:05,909 --> 00:15:11,914
[sam_primm]: the biggest single deal was about five
million the five million dollar deal as the

314
00:15:11,954 --> 00:15:14,556
[sam_primm]: biggest one taken down so we had
to raise about a million for that one

315
00:15:15,477 --> 00:15:16,358
[sam_primm]: about a million for that one yet

316
00:15:17,473 --> 00:15:19,586
[casey_]: wow and you raised a million you
said

317
00:15:20,992 --> 00:15:21,132
[sam_primm]: yep

318
00:15:22,160 --> 00:15:26,347
[casey_]: um it's it's so man i mean
it's so intriguing and there's so many people

319
00:15:26,467 --> 00:15:29,532
[casey_]: out there right now that are thinking
like man how do i get started and

320
00:15:29,933 --> 00:15:32,377
[casey_]: they don't have a big chunk to
put down and i had a go in

321
00:15:32,417 --> 00:15:35,482
[casey_]: here the other day who did you
know we're talking about he got started buying

322
00:15:36,063 --> 00:15:40,170
[casey_]: buying like three or four or five
hundred dollar little pieces of property in colorado

323
00:15:40,531 --> 00:15:44,657
[casey_]: that were maybe land locked or or
people were just paying taxes on whatever the

324
00:15:44,677 --> 00:15:50,637
[casey_]: case is uh you know so there
no money or or little money that people

325
00:15:50,797 --> 00:15:56,766
[casey_]: actually have like in their bank account
have physical access to can really be circumvented

326
00:15:56,826 --> 00:15:58,108
[casey_]: by some of these processes

327
00:15:59,639 --> 00:15:59,779
[sam_primm]: yeah

328
00:15:59,841 --> 00:15:59,983
[casey_]: yeah

329
00:15:59,880 --> 00:16:03,205
[sam_primm]: i think yeah i think it's everybody
starts somewhere and i'm sure you hear and

330
00:16:03,225 --> 00:16:05,729
[sam_primm]: i hear all the time well i
don't know anybody who can give me a

331
00:16:05,749 --> 00:16:09,836
[sam_primm]: million bucks but guess what when i
was in your shoes not you whoever is

332
00:16:09,876 --> 00:16:14,443
[sam_primm]: making that statement with no runnel properties
just a couple neither did i you got

333
00:16:14,543 --> 00:16:17,528
[sam_primm]: everybody just wants to get to a
certain point because they see somebody there you

334
00:16:17,608 --> 00:16:22,757
[sam_primm]: have to take the step by step
process i my very first you know project

335
00:16:22,877 --> 00:16:27,645
[sam_primm]: was i had to to convince you
don't know our private lender and do a

336
00:16:27,725 --> 00:16:30,690
[sam_primm]: bunch of home work and a like
way more work than i've ever put into

337
00:16:30,770 --> 00:16:31,712
[sam_primm]: raising even that million

338
00:16:31,633 --> 00:16:31,814
[casey_]: yeah

339
00:16:31,772 --> 00:16:35,478
[sam_primm]: dollars to get a hundred grain from
somebody to do one single family rental property

340
00:16:35,699 --> 00:16:38,383
[sam_primm]: buy and fix it up and do
the birds method with so you have to

341
00:16:38,463 --> 00:16:42,209
[sam_primm]: start somewhere eventually you'll get to that
point where you make connections and that private

342
00:16:42,270 --> 00:16:46,016
[sam_primm]: lenders been great for us he made
seventy three grain last year on interest on

343
00:16:46,196 --> 00:16:47,258
[sam_primm]: all his investments with us

344
00:16:47,528 --> 00:16:47,610
[casey_]: as

345
00:16:47,779 --> 00:16:52,166
[sam_primm]: he's telling other people just had two
meetings with his buddies that so they're going

346
00:16:52,206 --> 00:16:55,131
[sam_primm]: to start to talk and just you
got to start somewhere it takes a time

347
00:16:55,191 --> 00:16:58,857
[sam_primm]: to get that ripple effect it takes
time to get that snowball built up so

348
00:16:58,977 --> 00:17:02,363
[sam_primm]: just don't expect to have you know
a freaking ten foot snowball right away you're

349
00:17:02,383 --> 00:17:05,068
[sam_primm]: goin ave to start with a little
pebble and then it will grow you just

350
00:17:05,088 --> 00:17:08,473
[sam_primm]: got to have the right expectations that
it can take time and it will take

351
00:17:08,513 --> 00:17:11,178
[sam_primm]: time but it doesn't have to take
a ton of time you could get a

352
00:17:11,278 --> 00:17:14,027
[sam_primm]: lot money raise and a lot of
connections in just a couple of years

353
00:17:14,853 --> 00:17:17,761
[casey_]: yeah and that's and that's the whole

354
00:17:17,659 --> 00:17:17,820
[sam_primm]: yeah

355
00:17:17,801 --> 00:17:21,427
[casey_]: thing right now where did you let's
go let's talk about your five million dollar

356
00:17:21,447 --> 00:17:25,193
[casey_]: deal because that's really that's really a
good medium sized deal i think for some

357
00:17:25,234 --> 00:17:30,745
[casey_]: of my folks and let's let's talk
about

358
00:17:35,291 --> 00:17:41,601
[casey_]: where did you find your first like
where did you get the million bucks down

359
00:17:41,681 --> 00:17:45,808
[casey_]: or did you was it one person
to people and maybe you said this and

360
00:17:45,868 --> 00:17:49,292
[casey_]: i missed it where did you find
that

361
00:17:51,079 --> 00:17:54,725
[sam_primm]: yes so it was it was actually
three people for that one so that one

362
00:17:54,845 --> 00:17:58,511
[sam_primm]: was our private lender that we'd worked
with the day did our very first property

363
00:17:58,592 --> 00:18:03,199
[sam_primm]: two thousand fifteen it was my father
in law who used some some iron money

364
00:18:03,339 --> 00:18:06,545
[sam_primm]: on it and then it was another
private lender that we had just recently kind

365
00:18:06,585 --> 00:18:10,171
[sam_primm]: of linked up with and done a
couple of smaller deals we seemed to almost

366
00:18:10,231 --> 00:18:13,937
[sam_primm]: every private lender if not every single
one we've done a couple like house bird

367
00:18:13,977 --> 00:18:17,984
[sam_primm]: deals with we got i'm comfortable with
the process comfortable with giving us money your

368
00:18:18,024 --> 00:18:21,229
[sam_primm]: count with giving us a hundred and
fifty grand here's a hundred and sixty two

369
00:18:21,309 --> 00:18:24,575
[sam_primm]: grain back you know six four months
later do that a couple of times all

370
00:18:24,595 --> 00:18:27,940
[sam_primm]: right now hey you got five hundred
grain well take that for an apartment a

371
00:18:28,021 --> 00:18:31,587
[sam_primm]: longer term deal that structure a little
bit differently so three different sources

372
00:18:31,350 --> 00:18:31,950
[casey_]: yeah

373
00:18:32,167 --> 00:18:32,328
[sam_primm]: three

374
00:18:32,336 --> 00:18:32,357
[casey_]: i

375
00:18:32,368 --> 00:18:35,994
[sam_primm]: different lenders we've worked with and all
three we had done either

376
00:18:36,071 --> 00:18:36,213
[casey_]: yeah

377
00:18:36,134 --> 00:18:40,785
[sam_primm]: smaller apartments or housing deals with you
know not quick little you know bird deals

378
00:18:40,805 --> 00:18:43,032
[sam_primm]: where they get their money back in
three months because the apartments

379
00:18:42,802 --> 00:18:42,926
[casey_]: yeah

380
00:18:43,092 --> 00:18:44,657
[sam_primm]: are you know more like a two
to three year play

381
00:18:45,700 --> 00:18:49,606
[casey_]: it's something you know you're going to
make money on so it's an that there's

382
00:18:49,667 --> 00:18:53,012
[casey_]: enough room there for you to make
what you're going to make for them to

383
00:18:53,052 --> 00:18:57,520
[casey_]: make what they need to make and
for everybody it's just it's it's unbelievable me

384
00:18:57,620 --> 00:19:03,372
[casey_]: that people are still sitting around and
not saying hey these guys are all winning

385
00:19:03,472 --> 00:19:10,659
[casey_]: at every turn and i'm still sitting
here invested in some pencil manufacture stock you

386
00:19:10,679 --> 00:19:14,822
[casey_]: know what i'm saying i mean whatever
the case is and it's just an and

387
00:19:14,903 --> 00:19:19,601
[casey_]: i just to me it's a way
to really move the needle now i'm not

388
00:19:19,701 --> 00:19:26,044
[casey_]: saying that being invested in a pencil
manufacture stock is bad but i'm just saying

389
00:19:26,105 --> 00:19:30,143
[casey_]: that that like now if you want
to take a portion of what you have

390
00:19:30,264 --> 00:19:35,693
[casey_]: and really move the needle with it
and really gain some ground and then take

391
00:19:35,773 --> 00:19:38,778
[casey_]: your profits and put it in you
know put it in something less risky if

392
00:19:38,818 --> 00:19:45,329
[casey_]: you'd like the manufacture is is perfect
and so i just the thing is that

393
00:19:45,409 --> 00:19:51,219
[casey_]: i just really can't emphasize enough that
there is alternative ways and people are like

394
00:19:51,319 --> 00:19:54,885
[casey_]: like it does have to be just
a slow go process you just wake up

395
00:19:54,945 --> 00:19:57,850
[casey_]: every day go to work eight to
five put your money in get up every

396
00:19:57,890 --> 00:20:00,734
[casey_]: day go to work eight to five
put your money in and it doesn't have

397
00:20:00,795 --> 00:20:04,700
[casey_]: to be that that monotonous process mean
you could get in on some of these

398
00:20:04,740 --> 00:20:12,808
[casey_]: deals there's people everywhere like sam myself
everywhere around us that are doing these deals

399
00:20:13,729 --> 00:20:15,350
[casey_]: and when

400
00:20:15,251 --> 00:20:15,271
[sam_primm]: a

401
00:20:15,430 --> 00:20:19,377
[casey_]: you can partner up and find somebody
that knows the deals knows how to find

402
00:20:19,457 --> 00:20:24,365
[casey_]: deals like sam that's where you find
out so let's talk a little bit about

403
00:20:24,405 --> 00:20:27,911
[casey_]: that let's talk a little bit about
deal flow where do you find your deals

404
00:20:28,052 --> 00:20:28,433
[casey_]: how do you

405
00:20:28,340 --> 00:20:28,441
[sam_primm]: like

406
00:20:28,473 --> 00:20:33,464
[casey_]: find your deals is it is it
purely broken relationships is it something else where

407
00:20:33,505 --> 00:20:34,266
[casey_]: does where does that

408
00:20:34,129 --> 00:20:34,356
[sam_primm]: yeah

409
00:20:34,306 --> 00:20:34,507
[casey_]: happen

410
00:20:35,929 --> 00:20:39,252
[sam_primm]: yeah for sure that was a great
question i want to quick unpack one part

411
00:20:39,312 --> 00:20:39,753
[sam_primm]: real quick

412
00:20:40,160 --> 00:20:40,324
[casey_]: yeah

413
00:20:40,333 --> 00:20:45,399
[sam_primm]: like you said it's it's just such
a great investment for people to if you

414
00:20:45,479 --> 00:20:49,586
[sam_primm]: have the right operator behind it i
don't think people understand multi families and how

415
00:20:49,666 --> 00:20:53,833
[sam_primm]: you know their value yu know it's
it's not a guarantee obviously but i control

416
00:20:53,873 --> 00:20:56,518
[sam_primm]: the value of that asset is based
on the income it's not based on the

417
00:20:56,558 --> 00:20:58,780
[sam_primm]: housing mark it's not based on the
three houses

418
00:20:58,710 --> 00:20:58,932
[casey_]: yes

419
00:20:58,840 --> 00:21:01,043
[sam_primm]: around it is based on the income
it produced is so

420
00:21:01,111 --> 00:21:01,131
[casey_]: i

421
00:21:01,443 --> 00:21:03,065
[sam_primm]: how i structure it i'm going to
buy

422
00:21:03,077 --> 00:21:03,181
[casey_]: at

423
00:21:03,125 --> 00:21:05,207
[sam_primm]: you out in two three four or
five years whenever

424
00:21:05,332 --> 00:21:05,672
[casey_]: time

425
00:21:05,387 --> 00:21:05,907
[sam_primm]: enough actual

426
00:21:06,053 --> 00:21:06,193
[casey_]: out

427
00:21:06,067 --> 00:21:06,408
[sam_primm]: created

428
00:21:06,694 --> 00:21:12,945
[casey_]: time out time out time out time
out you just said it you just said

429
00:21:13,005 --> 00:21:18,524
[casey_]: it like you just hit the biggest
frigga nail on the head people that come

430
00:21:18,565 --> 00:21:21,470
[casey_]: in there like man i'm not investing
in real estate right now because look at

431
00:21:21,490 --> 00:21:25,476
[casey_]: the market we're not asking you to
invest in today's market we're asking you to

432
00:21:25,557 --> 00:21:28,074
[casey_]: invest in a return see

433
00:21:28,110 --> 00:21:28,639
[sam_primm]: exactly

434
00:21:28,156 --> 00:21:28,237
[casey_]: it

435
00:21:29,839 --> 00:21:31,141
[sam_primm]: i control the value of my multi

436
00:21:31,029 --> 00:21:31,050
[casey_]: m

437
00:21:31,221 --> 00:21:32,403
[sam_primm]: family because i control the income

438
00:21:32,294 --> 00:21:32,475
[casey_]: it

439
00:21:32,784 --> 00:21:33,104
[sam_primm]: i control

440
00:21:33,060 --> 00:21:33,306
[casey_]: yeah

441
00:21:33,184 --> 00:21:36,189
[sam_primm]: the expenses i control the rent so
i know it's going to go

442
00:21:36,132 --> 00:21:36,318
[casey_]: sure

443
00:21:36,290 --> 00:21:40,497
[sam_primm]: up in value and it's and rents
rents going up every single year since two

444
00:21:40,557 --> 00:21:44,884
[sam_primm]: thor says nineteen hund except one year
so rents going up so the incomes going

445
00:21:44,964 --> 00:21:48,570
[sam_primm]: up i'll work on the expenses i'll
get efficient i'll take care of the tenants

446
00:21:48,971 --> 00:21:49,111
[sam_primm]: i'll

447
00:21:49,020 --> 00:21:49,260
[casey_]: yeah

448
00:21:49,151 --> 00:21:50,473
[sam_primm]: make sure they stay so

449
00:21:50,565 --> 00:21:50,766
[casey_]: that's

450
00:21:50,613 --> 00:21:50,974
[sam_primm]: i know

451
00:21:51,047 --> 00:21:51,128
[casey_]: it

452
00:21:51,054 --> 00:21:54,148
[sam_primm]: that it's going to be where i
know it's going to be worth more and

453
00:21:54,789 --> 00:21:57,615
[sam_primm]: two three four years will it be
worth as much i think it's gonna be

454
00:21:57,655 --> 00:22:00,614
[sam_primm]: worth than four years in two years
probably that's how they've all

455
00:22:00,533 --> 00:22:00,714
[casey_]: just

456
00:22:00,634 --> 00:22:02,985
[sam_primm]: worked out so far but it might
not be you're going to get your money

457
00:22:03,025 --> 00:22:03,206
[sam_primm]: though

458
00:22:03,600 --> 00:22:09,306
[casey_]: it's unbelievable man we've got to educate
people i mean and this stuff is like

459
00:22:09,366 --> 00:22:12,772
[casey_]: this is real world stuff this is

460
00:22:12,759 --> 00:22:12,819
[sam_primm]: you

461
00:22:12,853 --> 00:22:13,275
[casey_]: happening

462
00:22:12,879 --> 00:22:13,480
[sam_primm]: don't need to be

463
00:22:13,557 --> 00:22:13,799
[casey_]: every

464
00:22:13,580 --> 00:22:17,446
[sam_primm]: on the tread mill you know the
i look at you said get up eight

465
00:22:17,487 --> 00:22:20,512
[sam_primm]: to five that whole thing people i
feel like a lot of people are on

466
00:22:20,552 --> 00:22:26,542
[sam_primm]: this societal conveyor belt like society factory
conveyor belt grave like everybody's doing the same

467
00:22:26,642 --> 00:22:29,246
[sam_primm]: freaking thing over and over and they're
like they don't think they want to have

468
00:22:29,326 --> 00:22:32,912
[sam_primm]: one option there's other options out there
there's doing this yourself there's investing in people

469
00:22:32,952 --> 00:22:36,598
[sam_primm]: like us there is a different pill
you don't have to take the blue pill

470
00:22:36,719 --> 00:22:40,785
[sam_primm]: take the red pit for the matrix
reference you can make your own path you

471
00:22:40,845 --> 00:22:41,026
[sam_primm]: don't

472
00:22:40,999 --> 00:22:41,019
[casey_]: i

473
00:22:41,106 --> 00:22:46,815
[sam_primm]: have to be a robot and make
your three percent raise every year and retire

474
00:22:46,875 --> 00:22:50,561
[sam_primm]: at sixty five on social security in
beer when we're there but anyways there's other

475
00:22:50,601 --> 00:22:54,446
[sam_primm]: paths so that was my little quick
little little tangent side

476
00:22:54,501 --> 00:22:54,621
[casey_]: i'm

477
00:22:54,567 --> 00:22:54,787
[sam_primm]: note

478
00:22:54,681 --> 00:22:54,921
[casey_]: sorry

479
00:22:54,867 --> 00:22:54,987
[sam_primm]: but

480
00:22:55,021 --> 00:22:55,702
[casey_]: i interrupted

481
00:22:55,288 --> 00:22:55,488
[sam_primm]: we

482
00:22:55,742 --> 00:22:59,305
[casey_]: but man you hit that damn nail
right on the head i mean it's just

483
00:22:59,405 --> 00:22:59,485
[casey_]: it's

484
00:22:59,439 --> 00:22:59,581
[sam_primm]: yeah

485
00:22:59,586 --> 00:23:04,393
[casey_]: on people to me i just every
day every day just

486
00:23:04,559 --> 00:23:07,427
[sam_primm]: i ain't even that kind of a
carpenter either usually takes me about four swings

487
00:23:07,467 --> 00:23:09,312
[sam_primm]: to get a nail and i've seen
people do one or two

488
00:23:09,883 --> 00:23:13,149
[casey_]: yes in the nail can be tough
for sure

489
00:23:15,192 --> 00:23:15,272
[sam_primm]: but

490
00:23:15,213 --> 00:23:15,374
[casey_]: let's

491
00:23:15,332 --> 00:23:15,372
[sam_primm]: as

492
00:23:15,394 --> 00:23:15,534
[casey_]: talk

493
00:23:15,413 --> 00:23:15,654
[sam_primm]: far as

494
00:23:15,635 --> 00:23:16,237
[casey_]: about meals

495
00:23:17,519 --> 00:23:22,166
[sam_primm]: forcing the deal so we've done a
few different routes i think we bought three

496
00:23:22,206 --> 00:23:26,654
[sam_primm]: or four apartment complexes from like two
thousand sixteen to two thousand eighteen for whatever

497
00:23:26,754 --> 00:23:30,140
[sam_primm]: reason i think one we bought off
the m l s just a little bit

498
00:23:30,181 --> 00:23:33,129
[sam_primm]: outside of town that you know i
was able to negotiate down a little bit

499
00:23:33,691 --> 00:23:37,760
[sam_primm]: a couple more we bought from a
broker we sent out some malors and then

500
00:23:37,820 --> 00:23:40,584
[sam_primm]: from about two thousand mid two thousand
eighteen to

501
00:23:40,552 --> 00:23:40,676
[casey_]: what

502
00:23:40,664 --> 00:23:45,872
[sam_primm]: early two thousand twenty we didn't buy
anything we looked at forty fifty maybe we

503
00:23:45,992 --> 00:23:47,013
[sam_primm]: analyze like deep dive

504
00:23:47,115 --> 00:23:47,136
[casey_]: a

505
00:23:47,134 --> 00:23:51,040
[sam_primm]: analyze and just couldn't come to terms
on anything for whatever reason and then we

506
00:23:51,160 --> 00:23:55,327
[sam_primm]: started to focus a little more on
it and build relationships and we bought four

507
00:23:55,588 --> 00:23:59,675
[sam_primm]: apartments and we bought about twenty million
dollars worth of about eighteen million dollars worth

508
00:23:59,755 --> 00:24:04,883
[sam_primm]: apartments in the past couple in past
probably twelve to fourteen months all of them

509
00:24:04,963 --> 00:24:09,210
[sam_primm]: from the same broker because we developed
a relationship with brokers with multi families the

510
00:24:09,251 --> 00:24:09,591
[sam_primm]: commercial

511
00:24:09,658 --> 00:24:09,840
[casey_]: right

512
00:24:09,671 --> 00:24:15,241
[sam_primm]: space they don't have to blast everything
out on the mlseroncoast star they can kind

513
00:24:15,281 --> 00:24:18,626
[sam_primm]: of have these pocket listings and there's
a lot less rules for the commercial space

514
00:24:19,007 --> 00:24:23,274
[sam_primm]: and so we've had you know the
same broker bring us four deals in the

515
00:24:23,354 --> 00:24:25,718
[sam_primm]: past a little while and we bought
all four of them because we spent the

516
00:24:25,778 --> 00:24:29,384
[sam_primm]: time to build that relationship we're probably
going to send some malors were probably going

517
00:24:29,424 --> 00:24:33,170
[sam_primm]: to do some things but there's so
many deals out there real estate space is

518
00:24:33,291 --> 00:24:37,397
[sam_primm]: so freaking big you know people think
forty millions a lot in real estate you

519
00:24:37,498 --> 00:24:41,264
[sam_primm]: go up a thousand feet in the
air and little bit dot is like a

520
00:24:41,324 --> 00:24:44,369
[sam_primm]: hundred million dollars worth the real estate
the real estate just market in the value

521
00:24:44,409 --> 00:24:49,157
[sam_primm]: of hot houses and apartments and you
know whatever it may be commercial spaces are

522
00:24:49,197 --> 00:24:53,164
[sam_primm]: just astronomical that there's just so much
out there that you just have to build

523
00:24:53,284 --> 00:24:56,349
[sam_primm]: relationships with the right people and they'll
bring in the deals and those you're the

524
00:24:56,389 --> 00:25:00,238
[sam_primm]: best deals anyway as opposed to you
know certain other deals or maybe a little

525
00:25:00,258 --> 00:25:04,507
[sam_primm]: more competitive so it's all about bon
relationship with us and cultivating those relationships

526
00:25:04,801 --> 00:25:08,528
[casey_]: yeah and that and so when we're
talking about

527
00:25:09,379 --> 00:25:10,549
[sam_primm]: oh

528
00:25:09,571 --> 00:25:14,545
[casey_]: and so you all are specifically in
the saint louis area like everything you have

529
00:25:14,605 --> 00:25:15,608
[casey_]: is in saint louis area

530
00:25:16,239 --> 00:25:19,516
[sam_primm]: everything is saint louis on the saint
louis on the missouri side everything yet

531
00:25:20,280 --> 00:25:25,569
[casey_]: awesome okay good i mean and that's
that's what so that's what gets a lot

532
00:25:25,629 --> 00:25:28,955
[casey_]: of people because and i've been guilty
of it myself because you're like okay i

533
00:25:28,975 --> 00:25:31,719
[casey_]: don't need to started and then you
look over her an you're like all right

534
00:25:31,920 --> 00:25:35,926
[casey_]: i want to focus on the lexington
kentucky market okay then before you know it

535
00:25:36,187 --> 00:25:39,212
[casey_]: somebody kicks in the they're like hey
look you got to check his deal move

536
00:25:39,359 --> 00:25:39,540
[sam_primm]: okay

537
00:25:39,532 --> 00:25:42,537
[casey_]: you got a check is dealt in
noxville tennessee you got chick det in nashville

538
00:25:42,878 --> 00:25:48,155
[casey_]: and instead of saying no listen i'm
only focused here you're like okay cool and

539
00:25:48,195 --> 00:25:51,923
[casey_]: then before you know it once you
spread out then then all of a sudden

540
00:25:52,104 --> 00:25:55,289
[casey_]: just kind of you just become like
a car with bolted

541
00:25:55,097 --> 00:25:55,157
[sam_primm]: ye

542
00:25:55,349 --> 00:26:00,658
[casey_]: on tires you're just like move you
know and so i really admire your focus

543
00:26:00,738 --> 00:26:01,479
[casey_]: in the way you all

544
00:26:01,421 --> 00:26:01,442
[sam_primm]: a

545
00:26:01,539 --> 00:26:05,306
[casey_]: have have kind of set things up
there to be just in one place now

546
00:26:05,726 --> 00:26:11,696
[casey_]: now let's talk about your coaching and
your you're teaching people what what does that

547
00:26:11,756 --> 00:26:15,064
[casey_]: program look like and how many people
do you have now that they follow you

548
00:26:15,124 --> 00:26:16,027
[casey_]: and do that with you

549
00:26:17,710 --> 00:26:21,597
[sam_primm]: so yeah so the mentorship is kind
of like the bottom of my teaching phone

550
00:26:21,717 --> 00:26:24,782
[sam_primm]: like you know you follow me in
instagram so thank you for that so tiktok

551
00:26:24,759 --> 00:26:24,780
[casey_]: m

552
00:26:24,882 --> 00:26:29,349
[sam_primm]: outubeinstagram i have about two million people
follow me on those most of them tiktok

553
00:26:29,430 --> 00:26:32,174
[sam_primm]: but i try to give as much
free information as i can which i can

554
00:26:32,234 --> 00:26:34,638
[sam_primm]: tell you do from this podcast so
i just want to give as much free

555
00:26:34,678 --> 00:26:39,406
[sam_primm]: information as i can but some people
want their hand held some people want a

556
00:26:39,466 --> 00:26:43,954
[sam_primm]: little more guidance they want guard rails
they just want a little more support so

557
00:26:44,154 --> 00:26:48,421
[sam_primm]: i have built a mentorship for that
and the mentorship is it's focused on helping

558
00:26:48,581 --> 00:26:52,448
[sam_primm]: people buy single fammermental properties using other
people's money as the goal of it

559
00:26:52,890 --> 00:26:53,091
[casey_]: yeah

560
00:26:52,909 --> 00:26:56,214
[sam_primm]: talk about multi family a little bit
you know we go into some self storage

561
00:26:56,274 --> 00:27:00,381
[sam_primm]: things but it's mainly about finding rental
properties distressed and you can flip them if

562
00:27:00,421 --> 00:27:02,805
[sam_primm]: you want or wholes if you want
to guess but it's to keep them as

563
00:27:02,885 --> 00:27:07,413
[sam_primm]: rentals we have about seven hundred dents
in there now i just started a freedom

564
00:27:07,493 --> 00:27:12,201
[sam_primm]: capital just started a lending company so
we lend to our students if they would

565
00:27:12,241 --> 00:27:15,667
[sam_primm]: like you know for the purchase and
re have that's kind of a thing literally

566
00:27:15,727 --> 00:27:19,112
[sam_primm]: just launched the other day working on
that for about six to eight months so

567
00:27:19,172 --> 00:27:22,238
[sam_primm]: that's an exciting i'll show you where
to find these private lenders and hard money

568
00:27:22,298 --> 00:27:25,623
[sam_primm]: lenders but i also have a private
lender i guess more of like a hard

569
00:27:25,663 --> 00:27:29,550
[sam_primm]: money lending national hard money lending company
so the goal is to give you all

570
00:27:29,590 --> 00:27:33,997
[sam_primm]: the tools all the resources the students
that attend the coaching calls that watch the

571
00:27:34,057 --> 00:27:37,844
[sam_primm]: videos that do the work sheets that
are on the facebook group they're successful the

572
00:27:37,884 --> 00:27:40,628
[sam_primm]: students that don't aren't it's pretty simple
you know here's

573
00:27:40,617 --> 00:27:40,859
[casey_]: maybe

574
00:27:40,668 --> 00:27:40,969
[sam_primm]: this ver

575
00:27:40,920 --> 00:27:41,121
[casey_]: that's

576
00:27:41,069 --> 00:27:41,370
[sam_primm]: platter

577
00:27:41,243 --> 00:27:41,485
[casey_]: right

578
00:27:41,390 --> 00:27:42,092
[sam_primm]: but you got to pick up

579
00:27:42,091 --> 00:27:42,640
[casey_]: in the work

580
00:27:42,634 --> 00:27:43,717
[sam_primm]: you got to pick up the game

581
00:27:44,170 --> 00:27:48,238
[casey_]: figured out and that's what i'm always
like how many people do you call today

582
00:27:49,451 --> 00:27:52,358
[casey_]: well you know i had to do
this i had to do that and then

583
00:27:52,399 --> 00:27:54,745
[casey_]: you know i had to start no
i didn't ask what you had to do

584
00:27:54,785 --> 00:27:57,480
[casey_]: to day ask how many people did
you call and

585
00:27:57,431 --> 00:27:57,572
[sam_primm]: yep

586
00:27:58,812 --> 00:28:00,985
[casey_]: you're gonna make money you make excuses
right sam

587
00:28:02,559 --> 00:28:03,103
[sam_primm]: exactly

588
00:28:03,790 --> 00:28:05,093
[casey_]: i mean you make money you

589
00:28:05,149 --> 00:28:05,431
[sam_primm]: okay

590
00:28:05,174 --> 00:28:09,928
[casey_]: make excuses and i think everybody could
use that is today's take away to get

591
00:28:10,671 --> 00:28:15,804
[casey_]: just get going get pushing forward no
matter what it takes figure something out today

592
00:28:15,944 --> 00:28:19,510
[casey_]: learn something new even if you don't
call people learn something new which i hope

593
00:28:19,591 --> 00:28:24,479
[casey_]: you you the listeners out there have
learned and i almost called you you people

594
00:28:25,060 --> 00:28:31,510
[casey_]: but i hope that that everybody has
learned something because the value that sam brings

595
00:28:31,591 --> 00:28:35,918
[casey_]: to this whole nitch is is really
huge and i'm sitting here looking at your

596
00:28:35,958 --> 00:28:40,330
[casey_]: tiktok account too just just because and
and you know there's the whole thing to

597
00:28:40,450 --> 00:28:45,202
[casey_]: give give sam a follow on tik
tok because you can use that as your

598
00:28:45,262 --> 00:28:48,107
[casey_]: way to learn your one thing every
day about this business because it looks i

599
00:28:48,147 --> 00:28:53,937
[casey_]: mean he's putting stuff out there e's
showing you and basically for all intents purposes

600
00:28:53,997 --> 00:28:58,532
[casey_]: he's giving you a a value just
through some of your social media channels right

601
00:28:59,609 --> 00:29:02,974
[sam_primm]: yeah i mean that's the goal i
get messages all the time from people saying

602
00:29:03,014 --> 00:29:06,500
[sam_primm]: they've watched the youtube or watched this
and that several things and they've gone out

603
00:29:06,520 --> 00:29:09,665
[sam_primm]: and got the first property or they
made an offer they met a whole sailor

604
00:29:09,726 --> 00:29:13,134
[sam_primm]: yet the goal is to help ninety
in percent of people for free there's just

605
00:29:13,415 --> 00:29:17,489
[sam_primm]: you know one percent that want to
be more connected and won't like the you

606
00:29:17,529 --> 00:29:21,636
[sam_primm]: know exact game playing written out with
you know three hundred videos that explain it

607
00:29:21,876 --> 00:29:25,863
[sam_primm]: some people want that you know and
that's great obviously but ninety nine percent of

608
00:29:25,903 --> 00:29:28,527
[sam_primm]: them hopefully can learn just from the
free on social media the

609
00:29:28,540 --> 00:29:28,681
[casey_]: yeah

610
00:29:28,568 --> 00:29:29,853
[sam_primm]: more you give them you get you
know

611
00:29:30,530 --> 00:29:34,456
[casey_]: that's right that's right a hunder percent
so awesome well listen hey we're running out

612
00:29:34,476 --> 00:29:37,281
[casey_]: of time here so i've got a
couple of questions we ask every guest that

613
00:29:37,321 --> 00:29:40,506
[casey_]: comes on the show and i have
a feeling years gonna be very interesting so

614
00:29:40,767 --> 00:29:44,257
[casey_]: what is the best book that you've
reached read or are currently reading

615
00:29:45,839 --> 00:29:50,006
[sam_primm]: the best book that i recently read
of currently reading my favorite book is that

616
00:29:50,067 --> 00:29:54,754
[sam_primm]: i've read this made the biggest impact
on my business is traction by genowickman it

617
00:29:54,834 --> 00:30:00,183
[sam_primm]: is an operational system that teaches now
how to run a small business rather than

618
00:30:00,284 --> 00:30:05,893
[sam_primm]: just rainably have meetings or rainably be
organized it's a complete operating system from daily

619
00:30:06,334 --> 00:30:10,060
[sam_primm]: to weekly to monthly to quarterly to
yearly to three the five year is just

620
00:30:10,140 --> 00:30:13,567
[sam_primm]: a way to set up your small
business like the big boys do but you

621
00:30:13,607 --> 00:30:17,334
[sam_primm]: know know something that you can actually
manage as a small business owner

622
00:30:17,690 --> 00:30:22,946
[casey_]: sure awesome awesome what is a dream
vacation that you have either taken or hoped

623
00:30:22,986 --> 00:30:23,267
[casey_]: to take

624
00:30:25,950 --> 00:30:31,159
[sam_primm]: i would love or my favorite vacation
just going down to to mexico going all

625
00:30:31,219 --> 00:30:34,424
[sam_primm]: inclusive and just unpluging for a few
days is pretty hard for me to unplug

626
00:30:34,504 --> 00:30:38,391
[sam_primm]: when i have you know full service
and have my team around me and everything

627
00:30:38,451 --> 00:30:42,918
[sam_primm]: so just just unplugging for a few
days down to mexico is is a good

628
00:30:42,958 --> 00:30:47,105
[sam_primm]: vacation for me and i'm i don't
really have a dream vacation to go to

629
00:30:47,145 --> 00:30:49,992
[sam_primm]: the maldives or to eat or anything
like that i'm sure we'll do that eventually

630
00:30:50,032 --> 00:30:51,817
[sam_primm]: but right now it's just kind of
go go go mode

631
00:30:52,600 --> 00:30:55,224
[casey_]: a man it's got to make it
why my granddad used to say you got

632
00:30:55,264 --> 00:30:58,108
[casey_]: to make hey while the sun shining
you know what i mean

633
00:30:58,140 --> 00:30:58,648
[sam_primm]: exactly

634
00:30:59,130 --> 00:31:03,096
[casey_]: and all right well listen how can
obviously we've gone through your social media channels

635
00:31:03,597 --> 00:31:09,908
[casey_]: sam faster freedom on tik tok is
really your tiktok looks like hit's your main

636
00:31:10,649 --> 00:31:11,390
[casey_]: that's like you're

637
00:31:11,359 --> 00:31:11,703
[sam_primm]: yes

638
00:31:11,470 --> 00:31:16,018
[casey_]: you're your main source of followers and
so on but but obviously you can follow

639
00:31:16,258 --> 00:31:20,666
[casey_]: across all social media channels but where
else if the listeners want to reach out

640
00:31:20,786 --> 00:31:24,172
[casey_]: maybe about some coaching or maybe about
learning or maybe just but seeing what deals

641
00:31:24,212 --> 00:31:27,498
[casey_]: you have available or any of the
above what's the best way for them to

642
00:31:27,538 --> 00:31:27,778
[casey_]: do that

643
00:31:28,909 --> 00:31:32,254
[sam_primm]: the best way to do that is
is instagram for sure i answer my question

644
00:31:32,434 --> 00:31:35,960
[sam_primm]: or i answer all the direct messages
on their still some days it's a little

645
00:31:35,980 --> 00:31:40,468
[sam_primm]: hectic but yeah instagram at same faster
freedom like you said tiktok youtubeinstagram at sam

646
00:31:40,528 --> 00:31:45,556
[sam_primm]: faster each platform allows me to produce
and provide content in different ways so m

647
00:31:45,636 --> 00:31:48,501
[sam_primm]: yeah pick pick all three of them
and you know you know got to follow

648
00:31:48,561 --> 00:31:50,745
[sam_primm]: all three o them all day every
day but pick your favorite one and stick

649
00:31:50,785 --> 00:31:53,229
[sam_primm]: with that one and reach out to
me on instagram if you have any sages

650
00:31:53,329 --> 00:31:57,035
[sam_primm]: or any questions or anything like that
got a a podcast coming out on august

651
00:31:57,075 --> 00:31:59,179
[sam_primm]: tenth so i don't know hen this
one's coming up but i got my own

652
00:31:59,219 --> 00:32:04,868
[sam_primm]: podcast coming out then it's called ordinary
guy's extraordinary wealth men my business partner luca

653
00:32:04,949 --> 00:32:08,134
[sam_primm]: you're just normal guys creating wealth so
that's what we're tathat'swet'e gonna be talking about

654
00:32:08,214 --> 00:32:10,078
[sam_primm]: on it so check that out as
well

655
00:32:11,140 --> 00:32:15,868
[casey_]: awesome man good deal thank you so
much and listeners as always please please please

656
00:32:15,948 --> 00:32:19,834
[casey_]: head down and leave us a five
star review and also type of review so

657
00:32:19,874 --> 00:32:23,400
[casey_]: that others may know what we talk
about here on the cash flow so that

658
00:32:23,480 --> 00:32:29,931
[casey_]: they can also learn how to become
financially free with passive real estate investing and

659
00:32:30,091 --> 00:32:33,918
[casey_]: s always as well please hit to
subscribe but so that you can be notified

660
00:32:33,998 --> 00:32:39,247
[casey_]: when we release new ontent new episodes
new everything and i really appreciate your time

661
00:32:39,347 --> 00:32:43,634
[casey_]: saying i know you're a busy busy
guy but we certainly do appreciate your time

662
00:32:43,914 --> 00:32:47,283
[casey_]: and listeners would appreciate your time as
well hope everybody is wonderful rest of the

663
00:32:47,324 --> 00:32:47,404
[casey_]: day