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 809: Close More Deals by Understanding This One Seller Behavior

August 5, 2025

Dr. Sheri Fluellen reveals the surprising psychology behind seller resistance, and the 5 emotional stages they move through before they’re ready to sell.

Full Episode >

7FF 808: She Almost Lost a $1.2M Deal For THIS Reason

July 31, 2025

Adam brings on Beka Shea, who reveals the mindset shift that helped her overcome fear and say yes to a $1.2M deal. If you’re feeling stuck or second-guessing your next move, this episode is your wake-up call.

Full Episode >

7FF 807: One Conversation Added $200K To Their Bottom Line

July 29, 2025

Adam recaps the exclusive 7 Figure Flipping Mastermind event in Park City, where over 130 serious investors worked on optimizing their business systems, revenue, and leadership. It includes the $40,387 profit benchmark per flip, and why small 1% tweaks can unlock hundreds of thousands in bottom-line growth.

Full Episode >

7FF 806: Want Leads to Chase You? Here’s What We Did…

July 24, 2025

AI just took over the part of your real estate business that costs you the most in deals follow-up. In this episode, Adam and Sharad reveal how investors are closing deals during work hours without ever picking up the phone.

Full Episode >

7FF 805: I Tried Replacing Real Estate With a Business...Here’s What Happened

July 22, 2025

Should you buy business or real estate? Adam Whitney breaks down what happens when you buy real estate vs. a business. That’s an uncomfortable truth that might hurt.

Full Episode >

7FF 804: The 3 Problems Every Investor Must Solve

July 17, 2025

Adam Whitney breaks down the 3 non-negotiables that every serious real estate investor must master if they want to win in any market.

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.