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

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

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

Get Your Ticket for BPCon 2022

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

“On The Market” YouTube Channel

Rob's BiggerPockets Profile

Rob's Youtube

Rob's Instagram

Rob's TikTok

Rob's Twitter

Henry's Instagram

Henry's BiggerPockets Profile

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki

Traction by Gino Wickman

Connect with Sam:

Sam's Instagram

Sam's YouTube

Sam's BiggerPockets Profile

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-635

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

Learn more about your ad choices. Visit megaphone.fm/adchoices