Live Q&A - How to Start a Lending Company, How to Get Paid Faster, and Converting a Long Term Rental to a Short Term Rental

Live Q&A - How to Start a Lending Company, How to Get Paid Faster, and Converting a Long Term Rental to a Short Term Rental

Author: Inspiring interviews with today's most successful real estate investors! September 8, 2022 Duration: 32:02

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 August 24th 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:

“Learn from my mistakes.”

 

“If you show up live to these Q&As, we can have a dialogue and I can answer your questions really effectively.”

 

“What is fast? Fast is a relative term.”

 

“If you need money right away, like yesterday, wholesaling is absolutely what you should be doing.”

 

“With flipping, the payday will be bigger, but it isn’t going to happen in a couple of weeks.”

 

“Direct mail is the single best marketing channel that you can use for reliable results.”

 

“Other forms of marketing may be less expensive but they are also less predictable.”

 

“Most people think of AirBNBs when they hear ‘short term rental.’”

 

“How badly have your tenants wrecked your place?”

 

“You could spend $6,000 to $10,000 to outfit your rental with furniture and bathroom and kitchen supplies.”

 

“In many cases, the short term rentals, by a large margin, outperform the LTRs, which is why they are so popular right now.”





Thank You for Listening!

 

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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
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