We learn more from failure than we do from success.

So today, let’s talk about a couple times where things went WRONG…

Over the past 2 weeks, I’ve been sharing a lot about building your team, working with a COO (Chief Operating Officer) to grow your real estate investing business, and how to be an effective leader.

Not everyone is ready for this level of growth yet…

…but if your goal is to scale up your income and your impact, this stuff is important.

I believe every business owner SHOULD consider bringing on a COO when the time is right.

Your COO is the person who “replaces” you as the day-to-day manager of your company and frees up your time so you can serve as the “visionary” leader your team needs.

But it isn’t all sunshine and roses.

As you can probably imagine, hiring someone to run your ENTIRE business is complicated.

My good friend Mike Simmons has tried to hire a COO twice…

…and both times, it didn’t work out.

But Mike learned some big lessons along the way that have made him a better leader.

And I’ve brought Mike on the podcast today to share what happened so you’ll know a bit more about what to do and what not to do when hiring a COO (or when hiring anyone, really).

Let’s dive in!

Links and Resources

Flip Hacking LIVE tickets for October 2022 are available now… and seats are filling up fast. If you want to learn the exact systems and strategies the nation’s top house flippers and wholesalers are using to flip 100s of houses per year, reserve your spot today. Hit the link below to sign up!

– CLICK HERE: FlipHackingLIVE.com

If you’re an experienced real estate investor and you’re ready to get around a community of active house flippers and wholesalers who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Altitude and see if it looks like a good fit. If it is, I invite you to fill out a quick application to join. If you have any questions, reach out!

– CLICK HERE: 7FigureAltitude.com


Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out…

Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe

7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listen

Facebook Group: We’ve built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/

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All Episodes

7FF 545: How Cory Landed 5 Wholesale Deals in 4 Months
April 26, 2022
7FF 544: How Much Profit Should You Make on a Flip?
April 21, 2022
7FF 543: $28,000 First Wholesale Deal
April 19, 2022
7FF 542: Your Direct Mail Response Rate Doesn’t Matter: Here’s Why
April 14, 2022
7FF 541: How to Protect Your Business & Your Legacy
April 12, 2022