If you’ve ever dreamt of achieving financial freedom and creating generational wealth through real estate investment without spending a single dollar of your own, then Sam Primm’s Faster Freedom Mentorship might have caught your attention. Sam Primm, a successful real estate investor and coach, promises to share his “BRRRS” proven strategy to help you make money in the real estate market. But does his mentorship program live up to its claims, or is it just another scam?
In this in-depth review, I’ll provide you with all the information you need to decide whether Sam Primm’s Faster Freedom Mentorship is the right fit for you.
Table of Contents
- Who is Sam Primm?
- What is Sam Primm’s Faster Freedom Mentorship?
- How Does Sam Primm Help You Make Money?
- Who is Sam Primm’s Faster Freedom Mentorship For?
- How Much Does Sam Primm’s Faster Freedom Mentorship Cost?
- Are Students of Sam Primm Getting Results?
- Is Sam Primm a Scam Artist?
- Praises About Sam Primm’s Faster Freedom Mentorship
- Criticisms About Sam Primm’s Faster Freedom Mentorship
- Should You Join Sam Primm’s Faster Freedom Mentorship?
Who is Sam Primm?
Sam Primm is a real estate mogul with an inspiring success story. He embarked on his journey by earning a master of business administration (M.B.A.) in general marketing from Missouri State University in 2011. Before delving fully into real estate investment, Sam co-founded Budget Painting, a company specializing in enhancing the interiors and exteriors of homes. During this time, he also worked in various management positions for Fabick CAT, a company selling and renting Caterpillar construction equipment.
In late 2018, Sam took the leap into real estate investment full-time and co-founded Faster House, a company that flips over 250 houses annually, with a focus on wholesale deals. Additionally, he is a co-owner of Greater STL Rentals, a single-family rental property management company responsible for over 300 houses in the St. Louis area. His entrepreneurial spirit also led him to create Midwest Property Group, managing apartment complexes and self-storage facilities.
Sam Primm’s real estate empire boasts assets exceeding $40 million, comprising over 140 single-family rentals, six apartment complexes, and three self-storage facilities. His vast experience and track record in the industry have made him a prominent figure in the real estate world, with a massive following on social media platforms like TikTok and YouTube, where he shares valuable investment insights and updates.
What is Sam Primm’s Faster Freedom Mentorship?
Sam Primm’s Faster Freedom Mentorship is a comprehensive program that aims to guide aspiring real estate investors on their path to financial freedom. The program focuses on teaching participants the BRRRS strategy, which stands for Buy, Rehab, Rent, Refinance, and Scale. The idea is to enable individuals to invest in real estate without using their own money and generate passive income through rental properties.
The mentorship program is designed for both newcomers to real estate investment with zero experience and knowledge, as well as current investors seeking a different strategy or mentorship to scale their existing businesses. Sam provides a step-by-step approach, offering access to tools, resources, and a private Facebook group with over 3,800 members, fostering a supportive community of like-minded individuals.
How Does Sam Primm Help You Make Money?
Okay, so we know who Sam is, and we have a glimpse of what his mentorship is all about. But how does Sam Primm actually help you make money in real estate without putting your own money on the line? Let’s break down the BRRRS strategy:
- Buy: The first step is finding distressed properties at discounted prices. Sam teaches various strategies to identify such properties, including establishing relationships with real estate agents, wholesalers, and networking within the industry. Additionally, you’ll learn how to secure funding from private or hard money lenders to cover the property acquisition costs.
- Rehab: Once you’ve acquired the property, the next step is rehabilitating it to increase its value and get it ready for renting. Sam provides benchmarks for estimating rehab costs based on the level of renovation required, from cosmetic repairs to full gut rehab. Again, you’ll be guided on financing options to cover the rehab expenses.
- Rent: Proper tenant selection is crucial for success in real estate investment. Sam emphasizes the importance of thoroughly vetting tenants based on income, credit scores, background checks, and landlord references to reduce tenant turnover and potential issues.
- Refinance: After rehabbing and renting the property, you’ll be guided on how to approach local banks for an 80% cash-out refinance, using the newly acquired equity to pay off lenders and potentially invest in more properties.
- Scale: The final step involves creating efficient systems and processes for buying, rehabbing, and renting properties. Sam advocates active involvement in the local real estate community, seeking coaching and mentorship, and increasing lead flow to grow your real estate business exponentially.
Learn more: legit ways to make money online.
Who is Sam Primm’s Faster Freedom Mentorship For?
Now that you understand the essence of the mentorship program, you might be wondering if it’s suitable for you. Well, Sam Primm’s Faster Freedom Mentorship is designed for two primary groups:
- Newbies: If you’re a complete beginner with zero experience or knowledge in real estate investment, the mentorship program aims to provide you with a solid foundation and step-by-step guidance to kickstart your journey in the world of real estate.
- Experienced Investors: For those who are already in the real estate game but looking to explore different strategies or seek mentorship to scale their business, the Faster Freedom Mentorship claims to offer valuable insights and tools for taking your ventures to new heights.
How Much Does Sam Primm’s Faster Freedom Mentorship Cost?
Like many high-quality mentorship programs, Sam Primm’s Faster Freedom Mentorship comes with a price tag. There are two options available for participants:
- CoRP Online: This home study course costs a one-time payment of $1,997 or can be split into three payments of $797. With CoRP Online, you gain access to a growing collection of over 100 hours of bite-sized training videos, tools, resources, a customized action plan, and access to software and affiliate partners.
- Faster Freedom Mentorship: For a more comprehensive mentorship experience, participants can opt for the Faster Freedom Mentorship at a cost of $7,500. The program includes everything offered in CoRP Online, along with a 30-day massive action plan consisting of a 6-week workflow to take immediate action. Additionally, participants receive five live weekly group community coaching calls ranging from 60-90 minutes each, access to the private Facebook group, and VIP rates for FasterFreedom Capital, the company’s own hard money lending service.
It’s essential to weigh the cost of the program against the potential benefits and results you hope to achieve through real estate investment.
Are Students of Sam Primm Getting Results?
One of the critical factors to consider when evaluating any mentorship program is the success of its participants. While there are numerous success stories shared on Sam Primm’s Faster Freedom website, it’s essential to approach these testimonials with a critical eye. Success stories can be encouraging, but they might not represent the experiences of every participant.
As of now, there seems to be a limited number of independent reviews available outside of the official website. It’s advisable to seek out additional feedback from other sources, such as online forums or real estate investment communities, to get a more comprehensive understanding of the mentorship program’s effectiveness.
Is Sam Primm a Scam Artist?
The question of whether Sam Primm is a scam artist is a common concern that arises when considering any mentorship program. It’s essential to approach such claims with objectivity and discernment. As of now, there is no substantial evidence or credible reports suggesting that Sam Primm is involved in any fraudulent activities.
It’s worth noting that real estate mentorship programs can be subject to varying opinions, as different individuals may have had different experiences. Some participants may find great success and value from the mentorship, while others may have different expectations or face unique challenges.
Praises About Sam Primm’s Faster Freedom Mentorship
- Valuable Insights: Many participants appreciate the in-depth knowledge and expertise shared by Sam Primm, as he draws from his extensive experience in real estate investment.
- Supportive Community: The private Facebook group provides a platform for participants to connect, share experiences, and seek advice from like-minded individuals, creating a sense of camaraderie within the mentorship community.
- Comprehensive Training: The mentorship program offers a wide range of resources, including bite-sized training videos, tools, and a customized action plan, making it accessible and informative for beginners.
Criticisms About Sam Primm’s Faster Freedom Mentorship
- Cost: The program’s price point may be prohibitive for some potential participants, leading to criticism about the affordability of the mentorship.
- Lack of Refund Policy: The absence of a refund policy has been a point of contention for some, as it can create financial risks for those who may not find the program suitable for their needs.
- Overhyping the BRRRS Strategy: Some participants have expressed that the BRRRS strategy may not be as easy to implement as advertised, leading to disappointment for newcomers.
Should You Join Sam Primm’s Faster Freedom Mentorship?
The ultimate question remains – should you take the leap and enroll in Sam Primm’s Faster Freedom Mentorship? The answer isn’t a one-size-fits-all solution, as it depends on your individual goals, experience level, and financial situation. If you’re a seasoned investor seeking new strategies to scale your business and connect with like-minded individuals, the program might hold valuable insights. However, if you’re just starting your real estate journey and have limited funds to spare, it may be wiser to explore more beginner-friendly options or dedicate time to self-education before committing to a high-cost mentorship program.
Remember, real estate investment is a journey, and there’s no “get rich quick” scheme that will guarantee overnight success. It takes hard work, dedication, and calculated risks to achieve financial freedom through real estate. So, take your time, do your research, and remember that the key to success lies in your hands.
In conclusion, Sam Primm’s Faster Freedom Mentorship appears to be a legitimate program led by a successful real estate investor with a massive following and a wealth of knowledge to share. While it may not be the right fit for everyone, those who are willing to invest in themselves and put in the effort to implement the strategies taught in the mentorship may find value in the guidance provided. Just remember, in the world of real estate, knowledge is power, and taking action on that knowledge is the key to unlocking your path to financial freedom and creating generational wealth. Good luck on your real estate journey, and may your investments be ever prosperous!