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Real estate investor Sam Primm emphasizes the importance of networking and adapting to find creative solutions in the real estate market. He believes that real estate is the best vehicle to accumulate wealth and highlights the advantage of having multiple levers to pull in real estate compared to other investment options. Sam started in real estate in 2014-2015 and used the BRRRR method to buy properties without using his own money. He now owns $46 million worth of real estate and flips about 25-30 houses a year. Sam's goal is to have a $200 net profit per property. He discusses the importance of not being limited by external factors like interest rates and reassures listeners that there is always a way to be successful in the market. Sam also emphasizes the need to focus on distressed assets and diversify investments to achieve desired cash flow numbers. He advises individuals with a W2 job to prioritize creating income through wholesaling and flipping before investing in rentals. Sam encourages individuals to be proactive, take calculated risks, and focus on creating opportunities in the real estate market. He also discusses the strategy of using hard money lenders to invest in real estate without using one's own money. Sam and Justin Colby discuss the structure and incentives of Sam's real estate team, including a $5,000 monthly salary for new hires and benefits like 401(k) and health insurance. Sam emphasizes the importance of embracing failure as a pathway to success and encourages people to take massive action and use failure to propel themselves forward in the industry.
Real estate investor Sam Primm emphasizes the importance of networking and adapting to find creative