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 564: 5 Things You Need to Do Before Your First Flip

July 6, 2022

Here are the 5 things you need to have lined up AHEAD OF TIME before you flip a house… this is especially important if you’re new! Listen in now…

Full Episode >

7FF 563: How to Scale With Hard Money

July 1, 2022

Stan Wilder started out using private money to fund his flips. But when he learned how to strategically add hard money to his funding process, he was able to grow his business rapidly and say yes to deals he would have had to turn down before.

Full Episode >

7FF 562: $70,000 Using 1 Tactic From Flip Hacking LIVE

June 29, 2022

This real estate investor made $70,000 in PROFIT using just 1 thing he learned at Flip Hacking LIVE last year… and he shares what it is in this episode. This is an awesome interview. Check it out!

Full Episode >

7FF 561: How to Scale “Driving for Dollars” With DealMachine

June 23, 2022

6 years ago, David Lecko missed out on a great real estate deal. So he decided to build a simple app for himself that would let him quickly create lists of properties and follow up with sellers right from his phone. The rest is history…

Full Episode >

7FF 560: Teaching Our Kids to Be Entrepreneurs

June 21, 2022

I just spent a few days hanging out with my 8-year-old son Will at an entrepreneurship conference for kids. It was a VERY cool experience… here’s what we learned!

Full Episode >

7FF 559: Top 10 House Flipping MISTAKES I’ve Made

June 16, 2022

I’ve flipped or wholesaled about 800 houses at this point. And I’ve made some MISTAKES along the way. Here are the top 10 things that have GONE WRONG and what I’ve learned…

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.