I have a great show for you today. My guest is David Richter, the author of the book “Profit First for Real Estate Investing”. David is an active real estate investor who has been involved in closing over 850 deals. His passion is helping people generate more wealth, reach their financial goals, and have more time to do what they love.
While growing and building a real estate business from 5 deals a month to over 25 deals a month, he realized that as much money was coming in, it was going right out the door, and he set out to fix that problem.
David has helped real estate companies completely turn around from going out of business to building cash reserves by using the Profit First cash flow system. You’re going to love this show.
Show Notes
Here is just a tiny bit of what David shared in this show:
David’s first deal: the 5 strategies involved from the day he bought his property until the day he sold it
What led David to write “Profit First for Real Estate Investors”
Why volunteering to work for free for someone for 8 months in their real estate investing business shaved years off his learning curve and was the best decision he ever made
How he went from 5 deals a month to 25 deals a month
David’s marketing: how his marketing changed and evolved as he grew
Using virtual assistants to scale your marketing
How to change your business from cash eating monster using the profit first system
Why sometimes what you’re good at isn’t necessarily what you love doing
The system: Profit First for Real Estate Investors
The 5 main accounts you need in your business and WHY you need these accounts
The percentages of income you should strive to allocate to each one of these accounts
Making profit first a habit that sticks
Why knowing your numbers helps you uncover the real problems in your business
Final advice for real estate investors that want to implement the profit first system in their own businesses
Want to learn more about David?
You can get a copy of David’s book, “Profit First for Real Estate Investing” either on his website listed below or on Amazon.
Want to reach out to David? You can contact him here at Simple CFO
Be sure to check out David’s podcast, Profit First for REI Podcast. It’s an outstanding podcast.
Here's Your Video – Profit First for Real Estate Investing
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