256: Don't Make These Mistakes With Your Contractors (Lessons Learned)

June 26, 2020

About This Episode

House flippers, listen up… we need to talk about contractors.

It’s not enough to just find a “good” contractor to handle your flip projects. You also need to know how to build an effective, long-term working relationship with that contractor… and this requires setting expectations correctly, managing your renovations, running the numbers the right way, and more.

In this episode, Mike Simmons shares the lessons he’s learned from working with many different contractors on countless flips over the years… so you can learn from his mistakes.

We’re digging into stuff like…

…and more.

It’s been awhile since we’ve caught up with Mike Simmons. Mike is an incredible real estate investor with a background in both flipping and wholesaling. He’s a mentor, a coach, and a good friend.

And these days, he’s also an author.

Mike’s new book “Level Jumping” is flying off the shelves. (Does Amazon have shelves? Hmm…) The book is all about how to break out of the cycle of “I can’t grow until a hire a team, but I can’t hire a team until I grow.” There’s a saying… “You don’t know what you don’t know.” This book will answer the questions about flipping and wholesaling houses that you DON’T KNOW TO ASK.

You can get it on Amazon (click here), or you can get a FREE digital copy by texting the words “Just Start” to 55444.

Oh, and a quick note about Amazon… whenever you’re shopping on Amazon, go to smile.amazon.com and do your shopping there. Same exact site, but a portion of your purchases will go to the charity of your choice. Pretty cool! Catch you on the flip side!


Free Resources / Downloads

5F Framework

A business framework that creates consistency within your flipping business by giving you a tested roadmap to building real estate wealth.
5 Proven Steps to Build Active and Passive Income in Real Estate (FREE!)

Get Access Now

Freedom Number Calculator

The 2-Minute Exercise That Shows You Exactly How to Build Toward Your Life of Freedom.This quick (and powerful) quiz will help you calculate exactly how many deals you need to support your ideal lifestyle and how close you already are. Most investors don’t fail from lack of effort, they fail from lack of direction. No guesswork. No fluff. Just a clear target—and a plan to make it real.

Get Access Now

Adam Whitney’s Seller Call Script

Use the same script Adam uses while on the phone with sellers

Get Access Now

Off-Market Deals on Demand

Get the UltimateOFF-MARKET DEALS Starter Pack...For FREE! Niche lists, seller strategies, a hyper-local market tracker, and a bonus!

Get Access Now

Grow Your House Flipping / Wholesaling Business WITHOUT Guesswork or Trial-and-Error

Find out EXACTLY what you need to be working on TODAY to do more deals, make more money, and free up your time.

Explore More Episodes...

7FF 614: Marketing Tactics From Russell Brunson & Grant Cardone

January 26, 2023

On day #2 of Grant Cardone’s Unbreakable Challenge, he brought on special guest, Russell Brunson. Russell is the king of online marketing, and he broke down his surprisingly “simple” process for attracting the RIGHT leads and customers into your business.

Full Episode >

7FF 613: How to Scale Your Business

January 24, 2023

Last week I held a live training on how to systematize and scale your business in 2023. If you missed it, watch the replay here!

Full Episode >

7FF 612: Subliminal Sales Tactics

January 19, 2023

I just held a live Zoom training for members of Grant Cardone's "Unbreakable Challenge," digging into subliminal sales tactics you can use to grow your business, close deals, negotiate better, and more!

Full Episode >

7FF 611: Brandon Dawson: The Secret Genius Behind Some of Grant Cardone’s Biggest Successes

January 17, 2023

I met Brandon Dawson at a private event with Grant Cardone in San Diego a few months ago. He's one of the most brilliant people I’ve ever encountered… and his “10 elements of growth” framework is the most powerful business scaling system I’ve ever seen!

Full Episode >

7FF 610: How to 10X Your Marketing Impact in 2023

January 12, 2023

Want to get more out of your marketing this year? I just held a marketing impact training call with everyone who’s signed up for Grant Cardone’s Unbreakable Challenge. Check out the replay here!

Full Episode >

7FF 609: Grant Cardone: “The Most Powerful Thing You Can Do…”

January 10, 2023

Grant Cardone got on a private Zoom call with our 7 Figure Mastermind members and shared some INCREDIBLE breakthroughs… including the “most powerful thing” you can do if you want to succeed at a HIGH LEVEL!

Full Episode >

Ready to Build a Business That Finally Works?

Ready to find your tribe?

Don’t stay stuck in chaos or settle for another year of inconsistency. Join a serious community of operators who are building businesses that matter. This is your moment.

Click below and we’ll help you determine which program is the best fit for you.