50: Getting Started and No Money Down House Flipping with Mike Simmons

On today’s episode of the BiggerPockets Podcast, we sit down and talk about the best ways to get started with real estate investing, as well as some killer tips for investing without using your own money. From picking a niche, overcoming analysis paralysis, and a lot more – our guest, Mike Simmons, will share his story of overcoming obstacles and becoming a full time house flipper in the Metro Detroit area. Mike has a great story and an incredible strategy for flipping houses using no money of his own, so whether you are brand new or have been investing for years – you don’t want to miss Mike’s creative advice. Read the transcript for episode 50 with Mike Simmons here. In This Show, We Cover:Overcoming “shiny object syndrome” and “analysis paralysis”Losing $1000 on his first “almost deal.”Finding contractors without losing your hairDealing with Detroit investingWhy Mike had to evict a squatter who broke into his propertyFinding good deals in any marketUsing social media to attract private moneyUsing partnerships to get started or to growHow Mike structures partnershipsShould you start with wholesaling?And a whole lot more!Links from the ShowBP Podcast 012 : Wholesaling and Marketing with Sharon VornholtBiggerPockets Success Story ForumTenant Screening: The Ultimate GuideThe BiggerPockets Hard Money Lender DirectoryBP Podcast 047: Apartment Complexes, NNN Leases, and Commercial Real Estate with Joel OwensBooks Mentioned in the ShowRich Dad Poor Dad by Robert KiyosakiThe Art of the Deal by Donald TrumpThe Millionaire Next Door by Thomas J. StanleyWealth Attraction for Entrepreneurs by Dan KennedyTweetable TopicsYou can read for days – and never do anything. Get out there and DO something. (Tweet This!)Work with a Realtor who knows you and knows your business. (Tweet This!)50% of something is better than 100% of nothing. (Tweet This!)Connect with MikeMike’s BiggerPockets ProfileMike’s Website and Podcast: JustStartRealEstate.com