BiggerPockets Real Estate Podcast

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

Jul 14, 2022

Sam Primm, a real estate investor who built a $40 million portfolio in just seven years, shares his journey from a traditional job to full-time investing. He introduces his simple yet effective 'SCALE' system for rapidly growing a rental portfolio. Primm discusses the importance of community, effective networking, and overcoming the fears of transitioning careers. He emphasizes the necessity of creating systems for property acquisition and management, inspiring listeners to take actionable steps towards financial freedom through real estate.

01:15:23

Episode guests

Sam Primm

AI Chapters

Episode notes

Intro

2min

From Parenting to Property: Scaling Success

4min

Building Wealth Through Real Estate: A Journey of Community and Strategy

6min

Navigating the Real Estate Investment Journey

25min

Scaling Real Estate Success

16min

Actionable Strategies in Real Estate Investment

9min

Diverse Strategies in Real Estate Investing

11min

Empowering Real Estate Insights for Financial Freedom

4min

Building a rental property empire 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 Sam Primm seven years to figure out the smartest way to invest in real estate, 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 being on some else's schedule wasn’t bearable for the rest of his life.

Sam partnered up flipping a few houses here, buying a few rental units there, and wholesaling for some extra cash. Three years into his real estate side business, Sam took the leap and went full-time into investing. Since then, he’s been able to buy over $20M in real estate, 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.

Through his real estate tenure, he’s been able to define exactly what the average investor needs to do to scale their real estate portfolio. His “SCALE” system isn’t complex, but it will help you double, triple, or quadruple the amount of real estate you own in a very short amount of time. Itching to go full-time into investing like Sam did? Tune into this episode, he’ll show you exactly how he did it.

In This Episode We Cover:

What to know BEFORE you quit your job to go full-time into real estate investing

The “SCALE” system that allows you to grow your real estate portfolio faster

The best way to meet private money lenders, investing experts, and future partners

Getting your spouse on board the real estate investing train

Why fear is the most important feeling for new real estate investors

Using social media to grow your network so you can scale faster

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership