Investor Cheat Code Podcast with Mike Simmons

Investor Cheat Code Podcast with Mike Simmons

By Inspiring interviews with today's most successful real estate investors!BusinessEntrepreneurshipInvesting
Download on the App Store

Investor Cheat Code Podcast with Mike Simmons episodes

  • Flipping Houses Remotely FULL TIME At Age 24 with Dominique Gunderson
    Today's Guest: Dominique Gunderson

    Dominique is co-founder with her husband Mitch of Gunderson Homes and has been involved in real estate since graduating high school at age 17. She started her career as an agent and then transitioned into wholesaling to build experience and capital, but her main interest was always in owning and investing in fix and flip properties. After building the right relationships and doing a lot of deals through wholesaling, Dominique was able to start her own fix and flip business at age 21. Today she still runs that house flipping business in New Orleans, all while living in Colorado. Her mission is to transform houses into beautiful and affordable spaces for new buyers and tenants and help as many families as possible to solve problems such as foreclosure, large repairs or structural damage, unpaid liens, bankruptcy, and problem tenants. 

     

    Highlights From The Show:

    We begin the episode with Dominique sharing her background story and how she ended up in real estate. Dominique shares she is currently 24 years old and has been investing in real estate since she was able to work. She started investing in her teens after graduating from high school. Dominique started by learning about real estate, contracts, and what it meant to buy and sell houses to get her feet on the ground. She became an agent as soon as she could, at 18 years, to get some experience and one year later jumped into wholesaling. She did that for a couple of years before transitioning into what she is doing today, flipping houses to revitalize neighborhoods and add value.

     

    We then talk about what inspired Dominique into real estate at an early age. She shares that neither of her parents was in real estate, they didn’t own a home, and she didn’t know what real estate was until she started learning about it in high school. Seeing her parents struggling while growing up, always in debt, trying to figure out their finances, and working 9-5 jobs, Dominique wanted to do something different. She shares that she heard about real estate at fourteen when her mom finally figured out how to save up and qualify for a loan to purchase a townhome. This was in 2012, and the market was very low, but they bought a home that needed renovation. The whole process of buying and renovating the house was fascinating, and it sparked her interest in real estate investing and value addition.     

     

    Next, we talk about Dominique's experience as an agent and her perspective on the real estate agent track. Dominique shares that after her first day working for the most successful agent in their area, she knew she did not want to be an agent. It was so transactional, had a lot of paperwork, and had nothing to do with buying and selling real estate. According to Dominique, that was 0% of the work she wanted, but she knew it would be a pivotal part of her journey.

     

    We then talk about why Dominique started with wholesaling first. She shares that she knew from the beginning that house flipping was her goal but felt like she didn’t know enough yet. Dominique was 19 years old, had no money, and had never done an investment deal. As an agent, there were many things she didn’t know from the buyer and seller standpoint, such as going through the escrow or title search, and she wanted to learn all that. Dominique also shares that she wanted to have her own money and not depend on other people all the time. According to her, being young was the hardest thing when she was starting out because people immediately didn't trust her because they thought she didn’t know what she was doing.

      

    Next, we talk about Dominique's strategy of finding deals. Dominique shares that back in 2016/2017, when she started investing, she was part of a wholesale team, which was the key to her success in different ways. First, it was working with a small team of people. The team was similar to the real estate agent, where everyone was on their own, doing their own deals. Being in an office surrounded by people doing the same thing enabled her to learn very quickly what was working and what wasn’t. She was also able to do JV deals and work together with others on contracts to split the fee. Second, it was getting creative and trying everything to see what worked.

     

    Lastly, we talk about how she went from wholesaling in LA to flipping in Louisiana and how she finds deals. Dominique shares that the transition from Los Angeles to New Orleans was based on affordability. After doing a range of 40 to 45 wholesale transaction deals in a year and a half, she had the experience,  was able to save up, and was ready to follow her passion in flipping. Dominique could have done it in LA because she already had her network, but her savings were just enough for a downpayment. She had two options: bring in hard money and get investors involved, or take what she had and go to a different market where she could pay for the rental, purchase, and fee costs without risking owing somebody a lot of money if anything goes wrong. Dominique chose a cheaper and more affordable market to start out, which turned out to be New Orleans. She also shares that her strategy of finding deals there is through relationships, networking with wholesalers, foreclosures, and direct sale marketing.

     

    Make sure you don’t miss another amazing episode of the Just Start Real Estate Podcast with Dominique Gunderson and get valuable information on how to flip houses remotely full-time!



    Notable Quotes:

    “Sometimes, when you are the one putting your money at risk, you want to know everything that is going on.”

    • Dominique Gunderson
    •  

      “Finding and building a loyal team is critical to success in any investment in real estate.”

      • Dominique Gunderson 
      •  

        “Real estate is a career, and just like anything else you go to school to learn. It takes time and requires work and effort, but it will pay off.“

        • Dominique Gunderson


        • Thank You for Listening!
          • Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook
          •  

            Help Out the Show:
            • Leave an honest review on iTunes. Your ratings and reviews really help, and I read each one.
            • Subscribe on iTunes. 
            •  

              Resources and Links From Today's Show:

              Gunderson Homes

              Dominique on LinkedIn

              Dominique on Instagram

              Dominique on Facebook

               

              More Resources From Mike:
              • Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
              • WINNING DIRECT MAIL - How to CRUSH IT with direct mail!
              • 7 Figure Investor Video Course - Scale your business to 7 figures. I'll show you how!
              •  

                44 min
              • Live Q&A - Wholesaling During a Recession, Buying Out-of-State Rentals, Selling Your Portfolio, and Managing Millennials
                Highlights From The Show:

                Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Live Question and Answer sessions. For those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more!

                 

                This presentation is the live Q&A that I did the week of July 6th and each Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!



                Notable Quotes:

                “Learning what works, learning what doesn’t, all on my dime.”

                 

                “Wholetail is a hybrid term coming from wholesale and retail.”

                 

                “Sometimes in a wholetail situation, you might replace the carpeting and paint, but not refurbish the kitchen.”

                 

                “You may spend $5k doing that but you can ask $20k more than you could before.”

                 

                “I think a good real estate investor, for the most part, will do whatever they need to do to get the deal.”

                 

                “Wholetailing in this market is great.”

                 

                “We take a lot of properties and put them on the market right away just to see what will happen.”

                 

                “The spirit of a wholetail deal is not to go the extra mile to provide appliances and stage it.”

                 

                “If you want steady rent checks all year long, I would suggest a single-family rental.”

                 

                “Realize there is a big difference between a long-term and short-term rental.”

                 

                “Short-term rentals can be more profitable and produce more revenue, to be sure, but they also require more work.”

                 

                “Either the deal isn’t as good as you think it is or your buyers’ list isn’t as strong as it should be.”




                Thank You for Listening!
                • Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook 
                •  
                  Help Out the Show:
                  • Leave an honest review on iTunes. Your ratings and reviews really help and I read each one.
                  • Subscribe on iTunes.
                  •  

                    More Resources From Mike:
                    • Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
                    • WINNING DIRECT MAIL - How to CRUSH IT with direct mail!
                    • 7 Figure Investor Video Course - Scale your business to 7 figures. I'll show you how!
                    • Simon Sinek: On Millennials in the Workplace
                    • 36 min
                    • Rapper Turned Real Estate Investor with Andre Haynes
                      Today's Guest: Andre Haynes

                      Andre, also known as “Renaissance” is a real estate investor, author, content creator, and entrepreneur from the Ida B Wells projects on the south side of Chicago. Andre was adopted at age 6, and from 18 to 27 years old he was a struggling parent and hip-hop artist with no knowledge of credit and money. The only thing he knew was how to write songs and survive on the bare minimum. Andre stepped away from music, got a job in sales and marketing, and shortly found his way into real estate. He is a self-educated investor with a portfolio valued at over $1M and has recently been featured as a guest on BiggerPockets.

                       

                      Highlights From The Show:

                      We begin the episode with Andre sharing his background story. Andre told me that he doesn't come from money and financial literacy. However, he couldn’t use that as an excuse not to be successful. After high school, he started pursuing his career in music as a rapper, but after 10 years in the game, Andre realized that it wasn’t what he wanted to do. He was living a fake lifestyle and struggling to take care of his family. He had not given up on his goal of being successful, but he had to pivot to find a different path. Andre stepped out of the music industry, got a job in sales making cold calls, and earned a regular income. This was not going to make him successful- Andre wanted more. He started researching how regular people could become wealthy, and this led him to read Rich Dad Poor Dad by Robert Kiyosaki and Money Master The Game by Tommy Robbins, which changed his life. 

                       

                      Next, we talk about how Andre started his career in real estate. According to Andre, once your mind is opened to the world of financial literacy and investments, your opportunities explode. When Andre discovered that he could use the money he was earning to leverage stock, real estate properties, and other investments, he became untouchable. The average person is not an athlete or on TV, but is one who is working in a job and investing their money to get wealthy. Once Andre discovered this, it gave him a purpose to get up each morning to change his life and help others change their lives with the same information. He started investing in real estate by giving up unnecessary expenditures and working overtime to save money for investment. When it was time, all the right doors opened, and he was connected to the Neighborhood Assistance Corporation of America (NACA) program, which helped him to make his first investment in a multifamily house.

                       

                      We then discuss Andre's first multifamily investment and how he found the property. He shares that he went on the MLS and worked with an agent. This was back in 2015, and things weren’t as easy as they are today. Multi-units were a hot commodity, and they sold faster than single-family homes as many people are looking for cash flow. It took time for him to find it, and it came at a moment when he wanted to take a mental break. He was frustrated because he had pursued 10 to 20 properties and none worked out. The evening after speaking with his agent about taking a break, he found a great deal on the MLS, a multifamily house that was fully occupied, renovated, and with one unit for him to move into. Someone had listed it in the middle of the night. Andre called his agent, who wrote the offer for him, and he finally had his first investment property.

                       

                      Next, we talk about Andre's book 5 Step Guide on Getting Your Shit Together. Andre shares that he wanted to give people the personal blueprint he used to get his life in order. The book is direct and to the point, and an easy read. It aims to spread knowledge on the benefits of a healthy mentality, personal financial responsibility, business, self-help, and most importantly, the help of others. According to Andre, writing a book is not easy, but you have to go through the process to get the results. It’s never going to be a straight line, and you’ve to sacrifice to succeed.

                       

                      Lastly, we talk about how Andre makes money in real estate. He shares that he makes money through Peerspace and multifamily rental income. Peerspace is similar to Airbnb, but people don’t spend a night on the property. He has done it with his house, where he rents out space to people who want to shoot movies, throw dinner parties, and for entertainment. He also teaches various courses in real estate and has a ton of resources, including videos to help people get it right in real estate investing.  

                       

                      Make sure you don’t miss another amazing episode of the Just Start Real Estate Podcast with Andre Haynes and get valuable information on how you can start investing in real estate!



                      Notable Quotes:

                      “Once your mind is opened to the world of financial literacy and investments, they become addictive.”

                      • Andre Haynes
                      •  

                        “Don’t use your background as an excuse not to be successful. There are others who have risen from the worst.”

                        • Andre Haynes
                        •  

                          “Success in real estate is achieved through delayed gratification.”

                          • Andre Haynes


                          • Thank You for Listening!
                            • Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook
                            •  
                              Help Out the Show:
                              • Leave an honest review on iTunes. Your ratings and reviews really help and I read each one.
                              • Subscribe on iTunes.
                              •  
                                Resources and Links From Today's Show:

                                Andre on Linktree 

                                Andre on Instagram

                                Andre on Facebook 

                                Andre on TikTok 

                                 

                                More Resources From Mike:
                                • Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
                                • WINNING DIRECT MAIL - How to CRUSH IT with direct mail!
                                • 7 Figure Investor Video Course - Scale your business to 7 figures. I'll show you how!
                                • 31 min
                                • Live Q&A - How to Dispo a Property, Defining a Wholetail, and Long Term vs. Short Term Rentals
                                  Highlights From The Show:

                                  Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Live Question and Answer sessions. For those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more!

                                   

                                  This presentation is the live Q&A that I did the week of June 29th and each Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!



                                  Notable Quotes:

                                  “Learning what works, learning what doesn’t, all on my dime.”

                                   

                                  “Wholetail is a hybrid term coming from wholesale and retail.”

                                   

                                  “Sometimes in a wholetail situation, you might replace the carpeting and paint, but not refurbish the kitchen.”

                                   

                                  “You may spend $5k doing that but you can ask $20k more than you could before.”

                                   

                                  “I think a good real estate investor, for the most part, will do whatever they need to do to get the deal.”

                                   

                                  “Wholetailing in this market is great.”

                                   

                                  “We take a lot of properties and put them on the market right away just to see what will happen.”

                                   

                                  “The spirit of a wholetail deal is not to go the extra mile to provide appliances and stage it.”

                                   

                                  “If you want steady rent checks all year long, I would suggest a single-family rental.”

                                   

                                  “Realize there is a big difference between a long-term and short-term rental.”

                                   

                                  “Short-term rentals can be more profitable and produce more revenue, to be sure, but they also require more work.”

                                   

                                  “Either the deal isn’t as good as you think it is or your buyers’ list isn’t as strong as it should be.”




                                  Thank You for Listening!
                                  • Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook  
                                  •  
                                    Help Out the Show:
                                    • Leave an honest review on iTunes. Your ratings and reviews really help and I read each one.
                                    • Subscribe on iTunes.  
                                    •  
                                      More Resources From Mike:
                                      • Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
                                      • WINNING DIRECT MAIL - How to CRUSH IT with direct mail!
                                      • 7 Figure Investor Video Course - Scale your business to 7 figures. I'll show you how!
                                      • 39 min
                                      • Create Wealth and Time Freedom with Systems and Processes in Your Business With Rafael Cortez
                                        Today's Guest: Rafael Cortez

                                        Rafael has been wholesaling for over a decade and he now owns several companies, including a wholesaling and consulting company. Born and raised in Yuma, AZ, Rafael is a second-generation entrepreneur. He began his career in corporate before transitioning to entrepreneurship. Rafael saw an opportunity and began working on his first entrepreneurial project, a non-emergency medical transportation business, at age 21 but later sold the company and dove into real estate. He is currently an organizational psychologist and real estate professional holding ownership in multiple companies in various verticals, whose base of operations is in Phoenix, AZ.

                                         

                                        Highlights From The Show:

                                        We begin the episode with Rafael sharing his background story and how he started his journey in real estate. He shares that he started as a firefighter before getting to the business space. Rafael's first business was a medical transportation company that he sold a few years later. He also invested in industrial psychology to become a better entrepreneur before diving into real estate, which has been rewarding in his journey. He owns multiple companies, including a consulting company, a wholesale company where they do flips, and a real estate brokerage firm. He is an organizational psychologist and does business coaching and consulting to help people build profitable businesses and scale to the next level of growth. 

                                         

                                        We then talk about Rafael’s first company and what inspired him to sell it. Rafael shares that he went through a lot in his 20s trying to figure out how to build a company. Rafael was so much in the hustle stage that he didn’t have the brain bandwidth to think of his business five or ten years down the road. His company was expanding, and he was more focused on how to make payrolls, hire people, buy vehicles, and how to scale. When Rafael realized that he was suffering from burnout and that what he was doing was not enjoyable, the thought of selling the company seemed ideal. He started planning his exit strategy by running the business in a way it could eventually sell. 

                                         

                                        Next, we talk about how you can build systems and processes to help you create wealth and time freedom in your business. According to Rafael, as entrepreneurs, we have the ability to empower, and we can assign the right people within our team to offer value in things that we're not interested in becoming experts. In his company, Rafael has three managers, a lead manager, acquisition manager, and disposition manager, and each has their own team. They keep everything on track through different checks and measures to keep the level of accountability and performance high.  Rafael shares that as an entrepreneur seeing the result of an empowered team is very satisfying.

                                         

                                        We then talk about systems that Rafael has found to be most valuable and holds as the reason for his success. He shares that understanding the stages of deals and being able to create a systematic approach is what has helped him stay ahead. According to him, psychologically, we are not wired to think linearly but developing the ability to put things together in a linear fashion is a game-changer. When this hit him, he changed the way he ran his business into six stages: outsourcing, converting, acquisition, disposition, measuring, and improvement sessions. This strategy has helped him level up in delegation, hiring, accountability, and finding the bottleneck for the business.  

                                         

                                        Lastly, we discuss the wholesale market and why it’s easy to find deals. Rafael shares that he is in the most competitive market in Phoenix and they still get an average of twelve deals a month. The deals are out there, and you can get them in any market. It’s all about taking action and giving it enough time to work. Raphael says that real estate is not a get-rich-quick scheme. 

                                         

                                        Make sure you don’t miss another fantastic episode of the Just Start Real Estate Podcast with Rafael Cortez and get valuable information on how you can create wealth and time freedom through systems and processes in your business!




                                        Notable Quotes:

                                        “We have to build systems in our businesses to get to a point where it’s delegatable. We can’t hustle forever.”

                                        • Rafael Cortez
                                        •  

                                          “As entrepreneurs, we have the ability to empower, and we can empower the right people within our team to offer value in things that we're not interested in becoming experts.”

                                          • Rafael Cortez
                                          •  

                                            “Investing in real estate is all about taking action and giving it enough time to work. It is not a get-rich-quick scheme.“

                                            • Rafael Cortez
                                            •  

                                              “You can invest in any market. Stop using the market as an excuse.”

                                              • Mike Simmons
                                              •  

                                                “Wholesaling can be passive just like any other form of investing if you build your team.”

                                                • Mike Simmons
                                                •  

                                                   
                                                  Thank You for Listening!
                                                  • Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook
                                                  • Help Out the Show:
                                                    • Leave an honest review on iTunes. Your ratings and reviews really help and I read each one.
                                                    • Subscribe on iTunes.
                                                    • Resources and Links From Today's Show:

                                                      REI Wholesaling

                                                      Rafael on Instagram

                                                      Rafael on Facebook 

                                                      Rafael on YouTube 

                                                       

                                                      More Resources From Mike:
                                                      • Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
                                                      • WINNING DIRECT MAIL - How to CRUSH IT with direct mail!
                                                      • 7 Figure Investor Video Course - Scale your business to 7 figures. I'll show you how!
                                                      • 39 min
                                                      • Live Q&A - Lazy Partners, Investing a Line of Credit, When to Hire Property Management, and Finding Motivated Sellers in this Market
                                                        Highlights From The Show:

                                                        Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Live Question and Answer sessions. For those unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more!

                                                         

                                                        This presentation is the live Q&A that I did the week of June 22nd and each Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!



                                                        Notable Quotes:

                                                        “It is not theory - it is all actionable stuff.”

                                                         

                                                        “The first thing you need to do is buy my book, Level Jumping, because I have an entire chapter on partnering.”

                                                         

                                                        “The hard worker is always driven crazy by the not-so-hard worker.”

                                                         

                                                        “I hate beating around the bush and passive-aggressive actions.”

                                                         

                                                        “What kind of business do you ultimately want?”

                                                         

                                                        “It is pretty safe to say your rental will be vacant one month of the year.”

                                                         

                                                        “At 20 doors I would definitely be hiring a property management firm, but that is because I don’t want to manage properties.”

                                                         

                                                        “Just because something can be done doesn’t mean it should be done.”



                                                        Thank You for Listening!
                                                        • Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook
                                                        •  
                                                          Help Out the Show:
                                                          • Leave an honest review on iTunes. Your ratings and reviews really help and I read each one.
                                                          • Subscribe on iTunes.
                                                          •  

                                                            More Resources From Mike:
                                                            • Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
                                                            • WINNING DIRECT MAIL - How to CRUSH IT with direct mail!
                                                            • 7 Figure Investor Video Course - Scale your business to 7 figures. I'll show you how!
                                                            • 44 min
                                                            • How to Utilize Mentors to Launch Your Business with Omni Casey
                                                              Today's Guest: Omni Casey

                                                              Omni is a real estate investor, broker, and coach who has been in real estate for nearly 20 years. He is also a co-owner of New Leaf Redevelopers, with his wife and three kids, and Co-Author of THE CASH-FLOW BREAKFAST CLUB. His real estate career started in Hawaii, where he grew up, but for the last 10+ years, he and his family have been living in Northern Virginia, where he has actively been growing their real estate investment portfolio and a top-performing real estate team. His mission is to help others achieve their financial freedom, and he has coached hundreds of real estate investors and agents to create and execute a plan to grow their investment portfolios. Omni has recently been featured as a guest on the BiggerPockets Podcast, along with many other popular shows.

                                                               

                                                              Highlights From The Show:

                                                              We begin the episode with Omni sharing his background story and how he ended up in real estate. Omni shares that he grew up in a very entrepreneurial family that had a few companies in construction. He knew he wanted to be an entrepreneur but didn’t know it would be in real estate. He ran several retail businesses prior to real estate, and just like many in the game, he was inspired to go down this path by the Rich Dad Poor Dad book. He sought mentors, coaches, and masterminds’ guidance and started his real estate career in Waikiki as an investor and later became an agent. For the last 20 years, Omni has been pouring himself into real estate as an investor and broker. He is now located on the East coast, where his wife comes from, and they are investing all over the country.

                                                               

                                                              We then talk about how Omni got his mentor and developed his learning processes to a point where he was ready to launch his business. He was looking for someone in real estate to be his mentor, and he found one of his customers who happened to be an experienced investor. The mentor looked for the pain points in his business and Omni offered to help and provided value by doing a lot of groundwork until he had enough experience and money to start his own investing. His mentor was doing multi-family, residential, and commercial investing, but he backtracked to smaller deals so that Omni could be involved. When it was time to do his own thing, he started with a realtor license to remove the roadblock of getting the right agent.

                                                               

                                                              Next, we talk about how Omni started his investment journey. Omni shares that he and his mentor were investing heavily in condos and lightly in single-family homes in Waikiki. Once he had enough money and wanted to branch out to do his own thing, he couldn’t afford anything in Hawaii, so he had to find other markets. He started investing in single families and duplexes throughout the United States in the markets that met his budget. Omni tested many markets and bought properties in low-profile areas. He learned, and now he is in great areas and has been able to assemble good teams that are making his investments more passive for him. 

                                                               

                                                              We then talk about Omni's strategy of finding and acquiring deals. According to Omni, his primary real estate strategy is buying and holding for the long term. They do the BRRRR strategy, but sometimes they do flips and wholesale properties they don’t want to keep in their portfolio. Omni shares that they rely heavily on wholesalers to find deals, and he has been overly committed to becoming their number one client. Last year turned out to be their best year. They do cash purchases, then refinance and use the BRRRR method to reposition financially to fix and wholesale properties they don’t like. 



                                                              Lastly, we talk about how he was able to purchase so many properties last year in a strong seller’s market and his plan for the next five to ten years. He started coaching people on how to invest, and the number one complaint was that there were no deals, and he wanted to prove to them that there were deals. According to Omni, when people start to get nervous about buying, that is when he goes all in and makes his offers. Real estate has never let him down in his strategy of buying and holding long-term because it works in any market. Omni also shares that everything he is doing now is to educate his kids, the people he is coaching, and get into things that will stretch his comfort zone.



                                                              Make sure you don’t miss another amazing episode of the Just Start Real Estate Podcast with Omni Casey and get valuable information on how to utilize mentors to launch your business!



                                                              Notable Quotes:

                                                               

                                                              “It’s hard to find an agent that knows how to help an investor.”

                                                              • Omni Casey
                                                              •  

                                                                “When you want to learn from someone who is doing it, don’t do it with a ‘tell me what I can do’ mindset. Look for their pain points and be a solution.”

                                                                • Omni Casey
                                                                •  

                                                                  “Taking action is the common denominator for every successful person in any industry. Stop waiting for everything to be perfect and just start.”

                                                                  • Mike Simmons 
                                                                  •  

                                                                    “Buying and holding properties for long-term works on any market, even in a strong seller's market.“

                                                                    • Omni Casey


                                                                    • Thank You for Listening!
                                                                      • Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook
                                                                      •  
                                                                        Help Out the Show:
                                                                        • Leave an honest review on iTunes. Your ratings and reviews really help and I read each one.
                                                                        • Subscribe on iTunes.
                                                                        •  
                                                                          Resources and Links From Today's Show:

                                                                          Omni Cash Flow Book

                                                                          Omni on Instagram

                                                                          Omni on Facebook 

                                                                          Omni on YouTube

                                                                          Rich Dad Poor Dad

                                                                           

                                                                          More Resources From Mike:
                                                                          • Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months
                                                                          • WINNING DIRECT MAIL - How to CRUSH IT with direct mail!
                                                                          • 7 Figure Investor Video Course - Scale your business to 7 figures. I'll show you how!
                                                                          • 46 min
                                                                          • Live Q&A - Finding Profitable Investments, Wholesaling MLS Properties, Lead Follow-Up, and Investing in High Crime Areas

                                                                            Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Live Question and Answer sessions. For those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more!

                                                                             

                                                                            This presentation is the live Q&A that I did the week of June 15th and each Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!




                                                                            Notable Quotes:

                                                                             

                                                                            “Getting leads is #1.”

                                                                             

                                                                            “Direct mail is how I have gotten the majority of my leads over the last seven years.”

                                                                             

                                                                            “Take my hindsight and lessons learned and make them your foresight.”

                                                                             

                                                                            “It is not typical to have every deal you evaluate look like a bad deal.”

                                                                             

                                                                            “The biggest garbage excuse I hear is ‘there are no deals.’”

                                                                             

                                                                            “You can get a deal in any market.”

                                                                             

                                                                            “Just because it is doable doesn’t mean it should be done.”

                                                                             

                                                                            “If I live in San Diego, I might buy rentals in Michigan.”

                                                                             

                                                                            “You may have to leave your market to find deals that are profitable and cash-flowing.”

                                                                             

                                                                            “I think following up a lead is something new investors underestimate or undervalue.”

                                                                             

                                                                            “One of the drawbacks to investing in high crime areas is not being able to find consistent renters.”

                                                                             

                                                                            “Google opportunity zones.”






                                                                            Links:

                                                                            WINNING Direct Mail

                                                                            Roofstock

                                                                            Incredible Wealth Strategies Using Opportunity Zones with Ashley Tison

                                                                            7 Figure Flipping

                                                                            Return on Investments

                                                                            Just Start Real Estate

                                                                            JSRE on Facebook

                                                                            Mike on Facebook

                                                                            Mike on Instagram

                                                                            Mike on LinkedIn

                                                                            Mike on Twitter

                                                                            Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

                                                                             

                                                                            35 min
                                                                          • From Failed Flip To Huge Real Estate Success with Nasar El Arabi

                                                                            My guest today is Nasar El Arabi. Nasar is known as @realestatedoru across social media and has been wholesaling, flipping, and landlording since 2007. After graduating from college, Nasar worked several jobs before leaving corporate life to go full-time in real estate. In 2010, he learned about creative RE and has been implementing this as his business plan since 2011. His goal is to build his rental portfolio through wholesaling and renovating properties and eventually investing in apartment buildings. Nasar is also the author of the popular book Flip Houses Like Burgers: With No Money Or Credit and has recently been featured as a guest on several podcasts, including BiggerPockets.

                                                                             

                                                                            We begin the episode with Nasar sharing his background story and how he ended up in real estate. They started flipping after watching a house-flipping show but ended up losing over $7,000 on their first deal. Nasar also shares that he relocated from New Jersey in 2008 to South Carolina, where he bought a rental property the same year and another in 2009 using the traditional way. He learned about creative real estate investing in 2010 and has been doing things creatively since 2011. 

                                                                             

                                                                            We then talk about what Nasar did wrong that resulted in losing money in his first flip. He shares that he discovered his mistake after reading the Rich Dad Poor Dad book, where Robert Kiyosaki stresses that before investing in real estate, you have to take time to learn about real estate. For him, Nasar was motivated by a TV show that made investing seem very easy. He went to the MLS and bought the house without paying attention to the cap rate. The constructors and the realtors took advantage of them, and they ended up taking a loss. After his first flip, Nasar figured out that the declining real estate market, between 2008 and 2012, was not ideal for flipping, so he turned to rentals. However, according to him, he was wrong again. You can buy properties and flip in any market cycle at any interest rate. 

                                                                             

                                                                            Next, we talk about Nasa’s experience investing in rentals. He shares that he was working in his full-time job when he started investing in rental properties. According to Nasa, getting tenants that were consistent in making their payments helped him build his equity before selling them in 2018. These were the only two properties that Nasar bought before learning about creative real estate. According to him, with creative RE, he works with a strategy and a plan, and this has enabled him to build a strong cash flow and a great rental portfolio. 

                                                                             

                                                                            We then talk about creative financing and Nasa’s strategy of buying rental properties. Nasar shares that he finds deals for himself and is always looking for equity, cash flow, and potential appreciation. He often buys property in neighborhoods that are in the path of progress and those that can make an income of $6000 to $7000 after fixing. Nasar also shares that he doesn't use traditional banks. He uses other people's money and local financing with LLCs. According to Nasar, when you go to big banks, sometimes they only finance two properties, but the secondary market and local banks can allow you to own more properties.



                                                                            Lastly, we talk about what Nasar has been doing to create multiple income streams in his real estate business. According to Nasar, in real estate, you can push up to 6, 7, or 8 figures income just in one niche. So, if you want to create multiple streams of income you don't have to be in multiple industries to achieve your goal. For him, he doesn't see the need to spread himself in different Industries while he barely reaches all the potential in real estate. Multiple streams of income can be multiple rental properties or multiple flip properties and it’s all about loving and being passionate about what you do.

                                                                             

                                                                            Make sure you don’t miss another amazing episode of the Just Start Real Estate Podcast with Nasar El Arabi and get valuable information on how you can create a strong cash flow with a great rental portfolio!



                                                                            Notable Quotes:

                                                                             

                                                                            “Before investing in real estate, you have to take time to learn about real estate.”

                                                                            • Nasar El Arabi
                                                                            •  

                                                                              “You can buy properties, rent, or flip in any market cycle and at any interest rate.”

                                                                              • Nasar El Arabi
                                                                              •  

                                                                                “It’s easier to buy in a declining market as everyone is freaking out and can’t wait to give you their house at a discount.“

                                                                                • Mike Simmons
                                                                                •  

                                                                                  “Realtors and brokers are salesmen. Take their advice, but tell them what to do .”

                                                                                  • Nasar El Arabi
                                                                                  •  


                                                                                    Links:

                                                                                    Nasar on Instagram

                                                                                    Nasar on Facebook 

                                                                                    Nasar on YouTube

                                                                                    Rich Dad Poor Dad

                                                                                    WINNING Direct Mail

                                                                                    Just Start Real Estate

                                                                                    JSRE on Facebook

                                                                                    Mike on Facebook

                                                                                    Mike on Instagram

                                                                                    Mike on LinkedIn

                                                                                    Mike on Twitter

                                                                                    Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

                                                                                     

                                                                                    35 min
                                                                                  • Live Q&A - Success Guilt, Evaluating Exit Strategies, and How to Quickly Rent Vacant Properties

                                                                                    Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Live Question and Answer sessions. For those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more!

                                                                                     

                                                                                    This presentation is the live Q&A that I did the week of June 8th and each Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!


                                                                                    Notable Quotes:

                                                                                     

                                                                                    “As far in advance that you know you are going to have a vacancy, I would start marketing it.”

                                                                                     

                                                                                    “I would still market the property 90 days out from it being vacant.”

                                                                                     

                                                                                    “You want to have time to do all of your due diligence upfront.”

                                                                                     

                                                                                    “There is a lot of competition for rentals right now.”

                                                                                     

                                                                                    “You can usually vet a potential tenant in a week.”

                                                                                     

                                                                                    “Maybe I am coldhearted, but other people have told me they have guilt over making money on flips and wholesales.”

                                                                                     

                                                                                    “I am able to help other people, including my kids who are young and starting families, because of the profits I am making in my business.”

                                                                                     

                                                                                    “There are not a lot of hard passes in wholesaling because what I say no to, there are plenty of buyers that would say yes.”

                                                                                     

                                                                                    “The juice isn’t worth the squeeze.”


                                                                                    Links:

                                                                                    WINNING Direct Mail

                                                                                    Roofstock

                                                                                    7 Figure Flipping

                                                                                    Return on Investments

                                                                                    Just Start Real Estate

                                                                                    JSRE on Facebook

                                                                                    Mike on Facebook

                                                                                    Mike on Instagram

                                                                                    Mike on LinkedIn

                                                                                    Mike on Twitter

                                                                                    Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

                                                                                     

                                                                                    36 min

                                                                                  About Investor Cheat Code Podcast with Mike Simmons

                                                                                  From the publisher's feed

                                                                                  Cncover the “Cheat Codes” used by some of the most successful real estate investors and top performers in the world. What exactly is a 'cheat code'? In gaming, a cheat code is a secret key that…

                                                                                  More shows like Investor Cheat Code Podcast with Mike Simmons

                                                                                  BiggerPockets Real Estate Podcast by BiggerPockets

                                                                                  BiggerPockets Real Estate Podcast

                                                                                  16,681 Listeners