YOUR DAILY REAL ESTATE INVESTMENT SHOW
Sept. 14, 2022

Starting a Mini Syndication with Sam Primm

Starting a Mini Syndication with Sam Primm

Grab your pens, pencils, or keyboards because you will want to take notes! In this episode of Cash Flow Pro, we talk with Sam Primm, founder of Faster Freedom. Sam grew up in a typical American family. His mom was a teacher, and his dad was an...


Grab your pens, pencils, or keyboards because you will want to take notes! In this episode of Cash Flow Pro, we talk with Sam Primm, founder of Faster Freedom. Sam grew up in a typical American family. His mom was a teacher, and his dad was an engineer. He did not get into investing until 2015 when he and his friend Lucas decided to try it. When 2018 came around, they started to grow their real estate portfolio; by today, they have managed a 40M portfolio. Not only that, but they have also diversified into single-family homes and self-storage – wow!

 

After achieving success, Sam created faster freedom to teach others how to follow the same path to financial and time freedom! Today, he will share everything he knows about starting in real estate, key points, and the thought process behind a “mini-syndication”!

 

 

In this episode, we discuss:

  • Private lenders – where they come from and who can become one
  • Self-directed IRAs and relational-based lending
  • The importance of accounting and keeping the books organized
  • Investing for returns!!
  • Cultivating relationships and mentorship

 

 

Find your flow,

Casey Brown

 

Resources mentioned in this podcast:

  1. fasterfreedom.com
  2. Instagram @SamFasterFreedom
  3. Twitter @FasterFreedom
Transcript

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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

201
00:08:35,067 --> 00:08:39,114
[sam_primm]: not necessarily iras but we do have
a few people doing the self directed irate

202
00:08:39,174 --> 00:08:40,436
[sam_primm]: rot where they you know

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00:08:40,410 --> 00:08:40,616
[casey_]: oh

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00:08:40,837 --> 00:08:45,184
[sam_primm]: they got rough like intrust or somebody
like that like a company that that does

205
00:08:45,264 --> 00:08:49,451
[sam_primm]: it for them and the money goes
to this company and then this company pays

206
00:08:49,491 --> 00:08:53,137
[sam_primm]: their i a rather than keeping them
involved but as far as the actual tech

207
00:08:53,478 --> 00:09:00,385
[sam_primm]: tech technicalities of using a ira that's
not self directed or self directed i could

208
00:09:00,425 --> 00:09:03,187
[sam_primm]: probably fumble through it but if you
know i would rather have you explain the

209
00:09:03,150 --> 00:09:03,390
[casey_]: well

210
00:09:03,228 --> 00:09:03,548
[sam_primm]: right way

211
00:09:03,812 --> 00:09:10,492
[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

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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