24 min listen
Profit or Loss: Lessons Learned from the 3 Worst Deals | EP. 4
FromThe FasterFreedom Show: Change the Way You Think About Freedom
Profit or Loss: Lessons Learned from the 3 Worst Deals | EP. 4
FromThe FasterFreedom Show: Change the Way You Think About Freedom
ratings:
Length:
25 minutes
Released:
Aug 11, 2022
Format:
Podcast episode
Description
When investing in a property, you naturally expect to make a profit. But what if you mess up and lose money instead? In this episode, Sam and Lucas share the three worst deals that almost made them quit! Good thing they didn't. And now they're here to warn others about those mistakes and how to avoid them. They also talk about the lessons they learned in the process and how embracing failure can help you succeed.
We’re giving away 2, all-inclusive sets of tickets for a full day and night with us worth $10-20,000! Get the chance to fly from anywhere in the country to our office in St. Louis and spend the entire day with us, plus a little dinner on the side, before we fly you back the next day. Enter to win https://upvir.al/135682/lp135682 (here).
“Failure is a prerequisite to success.” - Sam Primm
In this Episode:
- How Sam and Lucas lost $30k on a project (and why should always consider the layout and functionality of the house).
- Spending too much on a rehab project without considering the market valuation in the neighborhood.
- A property staging that didn't go well.
- Why creating value in a tenant-occupied property is very challenging and not ideal for a BRRRR strategy?
Resources:
- https://www.freerentalwebinar.com/home1649452566716 (Rental Webinar Masterclass)
Connect with Sam and Lucas:
-https://fasterfreedom.com/ ( Website)
-https://www.instagram.com/samfasterfreedom/ ( Instagram)
-https://www.facebook.com/SamFasterFreedom/ ( Facebook Group)
-https://www.linkedin.com/company/faster-freedom/ ( LinkedIn)
-https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw ( YouTube)
-https://www.tiktok.com/@samfasterfreedom ( TikTok)
We’re giving away 2, all-inclusive sets of tickets for a full day and night with us worth $10-20,000! Get the chance to fly from anywhere in the country to our office in St. Louis and spend the entire day with us, plus a little dinner on the side, before we fly you back the next day. Enter to win https://upvir.al/135682/lp135682 (here).
“Failure is a prerequisite to success.” - Sam Primm
In this Episode:
- How Sam and Lucas lost $30k on a project (and why should always consider the layout and functionality of the house).
- Spending too much on a rehab project without considering the market valuation in the neighborhood.
- A property staging that didn't go well.
- Why creating value in a tenant-occupied property is very challenging and not ideal for a BRRRR strategy?
Resources:
- https://www.freerentalwebinar.com/home1649452566716 (Rental Webinar Masterclass)
Connect with Sam and Lucas:
-https://fasterfreedom.com/ ( Website)
-https://www.instagram.com/samfasterfreedom/ ( Instagram)
-https://www.facebook.com/SamFasterFreedom/ ( Facebook Group)
-https://www.linkedin.com/company/faster-freedom/ ( LinkedIn)
-https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw ( YouTube)
-https://www.tiktok.com/@samfasterfreedom ( TikTok)
Released:
Aug 11, 2022
Format:
Podcast episode
Titles in the series (100)
Episode 8 - The 32 Unit Apartment Case Study by The FasterFreedom Show: Change the Way You Think About Freedom