Sam Primm built a $40 million rental portfolio in St. Louis using none of his own money. He grew up middle class, inherited nothing, and was earning $250,000 a year in sales when he and his business partner Lucas started buying rentals.
In this episode, Rafa and Sam get into why 35 rentals still left them no closer to quitting, how flipping and wholesaling paid the bills while the rentals built the wealth, and where the money actually came from: refinancing, and private lenders who turned out to be teachers and engineers.
CHAPTERS
0:00 Intro
0:28 Who is Sam Primm
3:31 Why he flips some, wholesales some and keeps the rest
9:54 Rich Dad Poor Dad and the first deal
12:02 The refinance that gave his money back
13:42 35 rentals and still no closer to quitting
17:27 Scaling the team and the first hire
21:20 12 years with the same business partner
24:18 Half his deals cost $0 in marketing
26:03 COVID and today's interest rates
30:30 How he teaches beginners
34:02 The first question to ask yourself
36:21 Private lenders are normal people
39:06 Masterminds and coaching
49:06 Why real estate is how you get ahead
50:00 What AI actually does for his business
53:29 Social media, then and now
57:45 Where to find Sam
Find Sam on Instagram: @samfasterfreedom
Sam's YouTube channel: Faster Freedom
Try HelloHost (AI guest communication): https://www.hellohostai.com/rafa
Hospitable (get 15% off your first 30 days): hospitable.com/partners/rafael
Join Rafa's community: https://www.skool.com/the-airbnb-blueprint-rafaloza/about
Follow Rafa on Instagram: @itsrafaloza
The Big Break Show drops new episodes every week. Follow the show so you never miss one.
