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REI Marketing Nerds

Jul 20, 2022

Every investor falls into the trap of real estate investing: 

You imagine you can sip cocktails on the beach while making more passive income than most people’s salaries. 

But here’s the problem:

It’s never that easy — unless you have systems and processes in place to grow your business without your involvement. 

Our guest today, Mike Simmons, figured out how to do that. After losing $30k on a bad deal, he figured out how to close 100 deals per year working less than 2 hours a week. And he’s revealing how you can duplicate his success in this episode. 

Listen now. 

Show highlights include: 

  • Why remodeling a house by yourself costs you more in terms of holding costs, taxes, and insurance (even if it saves you money) (7:51) 
  • The insidious “Invisible Costs” of real estate investing which makes you miserable and penniless (8:35) 
  • The “6 Residents” trick for transforming a single-family home into a bonafide cash cow (and why you shouldn’t do it) (11:55) 
  • How growing your investing business at breakneck speed forces you to systematize it (13:28) 
  • Why acting like a dictator to your ocntractos minimizes their mistakes and maximizes your profits (19:04) 
  • How your skepticism of other successful real estate investors holds you back from hockey stick growth (21:50) 

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Find out more about Mike’s business here:

Tune into Mike’s Just Start Real Estate Podcast here: