cover of episode 635: How an "Average Joe" Can Build a Multimillion Dollar Rental Portfolio

635: How an "Average Joe" Can Build a Multimillion Dollar Rental Portfolio

Publish Date: 2022/7/14
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BiggerPockets Real Estate Podcast

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    <p><a href="https://www.biggerpockets.com/blog/2014-09-14-build-real-estate-empire-ground"><strong>Building a rental property empire</strong></a> isn’t easy. Whether you dream of owning five, ten, or two hundred rental units, there is a way to get there—you just need to know what it is. It took <strong>Sam Primm </strong>seven years to figure out<strong> the smartest way to </strong><a href="https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide"><strong>invest in real estate</strong></a>, and now he’s here to share it with you! Sam, like many people, didn’t hate his nine-to-five job but knew that <strong>being on some else's schedule </strong>wasn’t bearable for the rest of his life.</p><p>Sam partnered up <strong>flipping a few houses</strong> here, <strong>buying a few rental units </strong>there, and wholesaling for some extra cash. Three years into his real estate side business, Sam took the leap and <strong>went full-time into investing</strong>. Since then, he’s been able to buy over<strong> $20M in real estate</strong>, totaling his portfolio to a whopping $40M. This may seem unachievable to the average real estate investor, but Sam makes it clear that he isn’t special and is just a regular guy buying rentals.</p><p>Through his real estate tenure, he’s been able to define exactly <strong>what the average investor needs to do to scale their real estate portfolio</strong>. His “SCALE” system isn’t complex, but it will help you <strong>double, triple, or quadruple the amount of real estate you own</strong> in a very short amount of time. Itching to <a href="https://www.biggerpockets.com/blog/2015-10-02-ready-become-full-time-investor">go full-time into investing</a> like Sam did? Tune into this episode, he’ll show you exactly how he did it.</p><p><strong>In This Episode We Cover:</strong></p><p><a href="https://www.biggerpockets.com/blog/money-305"><strong>What to know BEFORE you quit your job</strong></a> to go full-time into real estate investing</p><p>The “SCALE” system that allows you to <strong>grow your real estate portfolio faster </strong></p><p>The best way to <strong>meet </strong><a href="https://www.biggerpockets.com/blog/find-private-money-lenders"><strong>private money lenders</strong></a>, investing experts, and future partners</p><p><strong>Getting your spouse on board</strong> the real estate investing train</p><p>Why <strong>fear </strong>is the most important feeling for new real estate investors</p><p>Using social media to grow your network so you can <strong>scale faster</strong></p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show</strong></p><p><a href="https://www.youtube.com/channel/UCVWDbXqQ8cupuVpotWNt2eg">BiggerPockets Youtube Channel</a></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.biggerpockets.com/membership-types">BiggerPockets Pro Membership</a></p><p><a href="https://store.biggerpockets.com/">BiggerPockets Bookstore</a></p><p><a href="https://www.biggerpockets.com/blog/real-estate-investing-bootcamps">BiggerPockets Bootcamps</a></p><p><a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a></p><p><a href="https://www.biggerpockets.com/bpcon2022?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Get Your Ticket for BPCon 2022</a></p><p><a href="https://www.biggerpockets.com/podcasts?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Listen to All Your Favorite BiggerPockets Podcasts in One Place</a></p><p><a href="https://www.biggerpockets.com/podcasts?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts</a></p><p><a href="https://www.biggerpockets.com/investment-calculators?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Get More Deals Done with The BiggerPockets Investing Tools</a></p><p><a href="https://www.biggerpockets.com/forums/521-real-estate-events-meetups?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Find a BiggerPockets Real Estate Meetup in Your Area</a></p><p><a href="https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA">“On The Market” YouTube Channel</a></p><p><a href="https://www.biggerpockets.com/users/robuilt?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Rob's BiggerPockets Profile</a></p><p><a href="https://www.youtube.com/c/Robuilt">Rob's Youtube</a></p><p><a href="https://www.instagram.com/robuilt/">Rob's Instagram</a></p><p><a href="https://www.tiktok.com/@robuilto">Rob's TikTok</a></p><p><a href="https://mobile.twitter.com/robuiltchannel">Rob's Twitter</a></p><p><a href="https://www.instagram.com/thehenrywashington/">Henry's Instagram</a></p><p><a href="https://www.biggerpockets.com/users/henryw22?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Henry's BiggerPockets Profile</a></p><p><strong>Books Mentioned in the Show</strong></p><p><a href="https://amzn.to/3ccSGzG"><em>Rich Dad Poor Dad</em></a><em> </em>by Robert Kiyosaki</p><p><a href="https://amzn.to/3P3xURX"><em>Traction</em></a><em> </em>by Gino Wickman</p><p><strong>Connect with Sam:</strong></p><p><a href="https://www.instagram.com/samfasterfreedom/">Sam's Instagram</a></p><p><a href="https://www.youtube.com/c/SamFasterFreedom">Sam's YouTube</a></p><p><a href="https://www.biggerpockets.com/users/wapprop?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Sam's BiggerPockets Profile</a></p><p><br></p><p>Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-635</p><p><em>Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our </em><a href="https://www.biggerpockets.com/blog/sponsors"><em>sponsor page</em></a><em>!</em></p>
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