Mike Simmons

Real estate investing coach | 7 figure investor | Hard money lender

[Mike Simmons @MikeSSimmons]

Don’t let preparation become the business.
That networking guy with all the lingo but no deals? Don’t be that guy.
#ExecutionOverExcuses

[Mike Simmons @MikeSSimmons]

@RaiDotCEO So incredibly true. When you're young you tend to value money over time. As you get older you understand that time has 10X the value of money.

[Mike Simmons @MikeSSimmons]

Wholesaling real estate is a much better model than fix and flip real estate.
Here's why:
1. Lower financial risk
2. Faster returns
3. Can minimize external factors
4. Market resilience
5. Easier to scale

Check out my newsletter: https://t.co/NomHyqeIm8
#wholesale #realestate

[Mike Simmons @MikeSSimmons]

@RaiDotCEO Absolutely. I think when you're young you tend to value money way more than you value time period as you get older you value time much more and understand that money is replaceable time is not.

[Mike Simmons @MikeSSimmons]

There is no substitute for leads in your business.

I think that leads are like oxygen to your company.

No leads = no oxygen...

...which means your company is dying.

[Mike Simmons @MikeSSimmons]

Winners and losers have the same goals.

The difference is consistency and commitment overtime.

[Mike Simmons @MikeSSimmons]

Your competition is working today.

Are you?

[Mike Simmons @MikeSSimmons]

If you're not using direct mail in your real estate business, you're making a huge mistake.
Don't know where to start, i got you. Check this out -
https://t.co/kvbDgoXM6C

[Mike Simmons @MikeSSimmons]

Leads are the oxygen of any business.

I know that when I am not getting new leads, my company is effectively suffocating as a business.

[Mike Simmons @MikeSSimmons]

When it comes to real estate, there are two fundamental pillars that hold up your success:

1. leads
2. money.

Without a steady stream of quality leads and sufficient funds to invest, your business will struggle

[Mike Simmons @MikeSSimmons]

For all the entrepreneurs out there, when something goes wrong in your business.

Even if it goes seriously wrong. Your first reaction cannot be

"why me"
Or
"I'm screwed"

If it is, you probably are screwed.

[Mike Simmons @MikeSSimmons]

@whoiskylemast @BiggerPockets This is 1000% right, but every good business owner and real estate investor I know doesn't crumble when things get tough. Even if they make mistakes, they know they're gonna figure it out

[Mike Simmons @MikeSSimmons]

@BiggerPockets I would add that it's not for everyone. It is a business at the end of the day, and in order to build this business you really need to be an entrepreneur at heart. You need to have an "I'll figure this" out attitude

[Mike Simmons @MikeSSimmons]

@AaronAmeen I was with you until I got to #5. Analyze 90 deals before you get started? It doesn't take 90 deals to understand how to analyze a property. Also doesn't this sort of fall under the category of #1 - learn first?
I think #5 needs to be take massive action.

[Mike Simmons @MikeSSimmons]

Here is the escape plan:
1. Build
2. Create systems and processes
3. Hire
4. Remove yourself

[Mike Simmons @MikeSSimmons]

Wholesaling real estate is considered an active business.

It is and it isn't.

[Mike Simmons @MikeSSimmons]

I feel like real estate is an industry where people don't take it quite as seriously as they should. They don't create a business, they just create a very active self-employment position.