100: CEO QUIT His Job To Start A Wholesaling Real Estate Company

What this episode covers

Matthew Simmons shares his experience of making $18,000 in his first wholesale deal and how he got started with probate deals. He explains the process of calculating the offer price and understanding the value of a property as a rental. Matthew also discusses the formula for calculating offers and how he sold the property as a rental. He shares his motivation for getting into real estate investing and his previous business ventures. Matthew emphasizes the importance of mindset and shares the characteristics that contribute to success. He also talks about starting a vending machine business and compares wholesaling to his other businesses. Key Talking Points of the Episode 00:00 Introduction 01:00 How did Matthew make $18K on his first wholesale deal? 03:52 Why did Matthew decide to start with probate leads? 04:38 How did Matthew learn to get the ARV for his first wholesale deal? 07:02 What formula did Matthew use to calculate the ARV of his first wholesale deal? 08:14 How did Matthew pitch his first wholesale deal to his buyer? 09:01 What made Matthew decide to get involved in real estate investing? 11:36 How did Matthew’s background in business help him succeed in real estate? 12:27 What kind of mindset helped Matthew grow in real estate investing? 14:28 How does discipline in life affect your capability to succeed in business? 16:02 What got Matthew into entrepreneurship? 17:50 Who inspired Matthew to get into entrepreneurship? 18:50 How does wholesaling compare to Matthew’s other businesses? 21:28 How can you connect with Matthew? Links Promo: Deal Machine App https://www.dealmachine.com/pod Instagram: Matthew Simmons https://www.instagram.com/therealmatthewsimmons/ Youtube: Matthew Simmons https://www.youtube.com/@MatthewSimmons-Entrepreneur David's Social: @dlecko https://www.dealmachine.com/pod