How to build a real estate empire with Sam Primm

A lot of people think that you need to accumulate several million to invest in real estate, but you can invest even from jail as long as you have a phone. You don’t need to have a lot of money. You can leverage other people’s money and make robust returns by buying rental properties or flipping houses.

In this episode, Sam shares his journey from quitting corporate to real estate, leveraging on other people’s money, his funny moment as a landlord, and the secret behind his huge success in online programs. Besides, he highlights the secret behind his huge following on TikTok and how to determine if your self-storage facility will perform. If you’re looking forward to investing in real estate, whether as a side hustle or full-time, this episode is for you!

 

In this Episode

[00:09] About Sam Primm

[01:24] Sam’s story of quitting his corporate job for entrepreneurship

[02:54] Growing up as an entrepreneur

[06:27] Investing in real estate using leverage

[12:11] Where to start if you have $0 or $200

[17:11] Setting specific goals on what you need to invest in per year

[18:22] Can you do real estate as a part-time gig, full-time job, or both?

[19:50] How much time do you need to allocate if you’re in corporate to do ten rentals over five years?

[22:39] Favorite or worst landlord story when you started out

[25:06] The secret behind Sam’s huge following on TikTok

[32:14] Sam’s success in online programs and coaching

[37:16] Resources that have been significant in Sam’s professional life

[39:08] First step to self-storage without experience

[41:51] How to determine whether a self-storage facility will perform

[45:26] Sam’s online courses

[47:44] At what point did you set money aside to build your first home

Powerful Quotes You can invest in real estate from jail if you’re able to sneak a phone. You got to be involved with the local community no matter where you are. Everybody borrows money. That’s how the world works. If you borrow money, invest in something that grows cash and produces value. I posted on TikTok every single day for the past 18 months. So, continually putting stuff out there and giving free information, people will follow you. If you make your entire YouTube, TikTok, and Instagram about pushing a product, it will get stoked. People are going to stop watching and go away. Understanding that you are not alone in the problems you are going through helps push you past the point most people get stuck. Every single investor I know has two things in common. They wish they had started earlier, and two, they all pay for some type of subscription or coaching service. Having the right mentorship just keeps you out of the gutters. It’s going to save you time, money, and headaches.