Are you interested in diversifying your real estate portfolio? Do you want to learn how to keep growing your business during the Covid-19 pandemic?
In this episode of Passion for Real Estate Investments, Fuquan talks to co-owner of FasterHouse and FasterFreedom, Sam Primm, about the real estate industry during the Covid-19 pandemic. From working a 9-to-5 to founding three real estate companies, Sam’s business success has grown from strength to strength while also creating generational wealth. Today, Sam is giving back through his FasterFreedom educational program, helping people achieve financial freedom through real estate.
In 2014, while working full-time jobs, Sam and his business partner, Lucas, bought their first rental property. Strategically building up his portfolios, Sam went full-time in real estate in 2018, and has since added 110 doors to his rental portfolio, flipped 168 houses in 2019, and launched an education and training company.
What are the challenges Sam faces? We learn what changes he’s made to ensure a high active income, and his view on single-family versus multi-family rentals. How has his market been affected by the Covid-19 pandemic?
If you’re in real estate and you want to learn ways to keep your business afloat during the Covid-19 pandemic, or you’re looking for educational content to help you attain financial freedom through real estate, this episode has the information you need.
Highlights of the Interview:
- Sam wanted more than working a 9-to-5 for someone else and retiring at the age of 55. He wanted to create generational wealth that could be handed down to his kids.
- Having systems and processes in place is important if you want to scale your business. Sam has managed to take on a lot without any grey hairs and stress marks.
- With the right pricing, Sam is still getting multiple offers in the $150-350,000 range in St. Louis.
- The education business is less risky to get in to because it has a lower physical overhead.
About Sam Primm
Sam Primm has been involved in real estate for several years now as a St Louis home buyer. He currently helps run FasterHouse on the marketing and acquisitions side.
He has been a full-time buyer in the past and enjoys helping the other buyers purchase houses as well. Him and the third owner of FasterHouse, Lucas Walls, own a sizable rental portfolio as well.
He has a wife and daughter that are the true inspiration for his life. He has a passion for St. Louis and wants to help make it a better place to live and work.