Live Q&A - College Student Investor, How to Fund Your First Deal, and Renegotiating Contracts

Live Q&A - College Student Investor, How to Fund Your First Deal, and Renegotiating Contracts

Author: Inspiring interviews with today's most successful real estate investors! January 19, 2023 Duration: 34:46

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 January 4th 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:

“No, we don’t provide comps when asked. We are not a comps service.”

 

“They don’t want my comps or repair estimates, because if they are really interested in buying the house, they will run their own.”

 

“I refuse to do other peoples’ work for them.”

 

“You have to set the table for a possible price reduction ahead of time.”

 

“Give me 10 days, and I will come back and give you a very honest answer.”

 

“It is very hard to go back for a price-reduction conversation if a price reduction was never discussed as a possibility.”

 

“To me, negotiations are negotiations.”

 

“I would probably try to be smarter about it.”

 

“After my first flip, every other one I funded with private money.”

 

“If I had no private money available, I would find a hard money lender.”

 

“People have gotten comfortable with working outside of the office since Covid, but at the end of the day, it is your company and if you want them in the office, they need to come to the office.”

 

“I don’t want to go all Elon Musk on people.”




Thank You for Listening!

 

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:


Mike Simmons hosts Investor Cheat Code Podcast, a series built on the idea that the most effective strategies are often the personal ones not found in any textbook. The concept is simple: in video games, a cheat code is a hidden key that unlocks advantages, and this podcast applies that same principle to building wealth through property. You’ll hear inspiring interviews that go beyond surface-level advice, diving into the specific routines, mental frameworks, and sometimes counterintuitive tactics that today's most successful real estate investors actually use in their daily operations. Each conversation is designed to uncover those nuanced habits-the real cheat codes-that have led to tangible results for top performers. Rather than offering generic tips, this podcast focuses on the actionable and often overlooked details that can accelerate your journey. It’s for anyone interested in the practical realities of investing, entrepreneurship, and business growth, delivered through candid discussions that feel like you're getting direct access to a mentor's playbook. Tune in to discover how subtle shifts in strategy and mindset can unlock new levels of opportunity in your own portfolio.
Author: Language: English Episodes: 100

Investor Cheat Code Podcast with Mike Simmons
Podcast Episodes
Rapper Turned Real Estate Investor with Andre Haynes [not-audio_url] [/not-audio_url]

Duration: 30:24
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,…
How to Utilize Mentors to Launch Your Business with Omni Casey [not-audio_url] [/not-audio_url]

Duration: 45:38
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…
From Failed Flip To Huge Real Estate Success with Nasar El Arabi [not-audio_url] [/not-audio_url]

Duration: 34:22
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 leav…