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b"Mike Simmons, a real estate investor, and author of the book Level Jumping, has shared the stage with some of the greats like Gary V. Has made over $1 million in profits in 12 months! He knew he wanted to invest in 2003, and bought his first flip in 2008....why did it take so long? Like a lot of people starting out Mike was afraid to tell his spouse because of the difficult conversation. It wasn't until he finally decided he was tired of allowing fear to be his excuse that he dove in.\\n\\xa0\\n[00:01 \\u2013 08:36] Opening Segment\\nMike Simmons was born in a solid blue-collar kind of an environment\\nHe shares how he found his way into real estate\\nMike interviewed Gino Wickman, author of Traction, on his podcast\\n\\xa0\\n[08:37 \\u2013 25:35] Why Flippers Fail to Scale and How to Fix It\\nHow to Turn Flipping into a Business and Not Just a Second Job\\nGet a mentor and learn from people whose point you\\u2019d want to be in\\nKnow your numbers and understand future cash flows\\nHire people to increase your productivity\\n\\nThe Reality of Company Culture\\n\\xa0\\n[25:36 \\u2013 29:26] Rapid-Fire Tips for Flippers\\nWhy You Shouldn\\u2019t Just Jump into Business\\nThe cost of creating a company culture is zero\\nMike summarizes how to keep scaling your flipping business\\n\\xa0\\n[29:27 \\u2013 35:11] Closing Segment\\nQuick break for our sponsors\\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\n\\nWhat is the best investment you've ever made other than your education?\\nHis first deal\\n\\nMike\\u2019s worst investment\\nA property under contract where he lost six figures\\n\\nWhat is the most important lesson you\\u2019ve learned in business and investing?\\nExtreme Ownership\\n\\n\\xa0\\nConnect with Mike Simmons on Just Start Real Estate podcast or https://www.mikesimmons.com.\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0 \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cSometimes you could be born an entrepreneur, but because the proverbial piano has never been put in front of you, as a prodigy, you didn't know you could play.\\u201d \\u2013 Mike Simmons\\n\\u201cThe vast majority who are house flippers are not doing a great job of creating a business. They create very, very, big scale jobs for themselves.\\u201d \\u2013 Mike Simmons\\n\\u201cThe minute you start hiring and bringing on people, company culture means a lot, a whole lot.\\u201d \\u2013 Mike Simmons"