Accelerated Real Estate Investor 244: David Richter on Real Estate Investing with a Profit First Mindset
If you’ve ever felt that you’re always chasing the next deal, living deal to deal, month to month, you’re going to love this episode with David Richter.
David is the owner of Simple CFO Solutions, where his advisory services helped a company not only grow from five to 25 deals a month, but took them from being unprofitable to building cash reserves.
David is an active real estate investor who has been involved in over 850 deals from wholesale, turnkey, owner finance, and almost anything else you can think of. He’s on a mission to completely transform how real estate investors view their finances–and help people achieve true financial clarity and freedom.
His newest book is called Profit First for Real Estate Investing. Co-authored with Michael Michalowicz, David has adapted the Profit First mindset and system–something I personally use in my businesses and really believe in–specifically for real estate investors.
In our conversation, you’ll learn how to stop living deal to deal, how David adapted the Profit First principles to address the unique challenges of real estate investing, and what you can learn from his incredible new book.
Key Takeaways with David Richter
- Why so many real estate investors end up spending almost every dollar they bring in.
- How his early struggles with cash management led David to the Profit First mindset.
- The steps that go into the Profit First mentality–and why you NEED to pay yourself first.
- How to measure and analyze your success–and why so many people fail to do this important work.
- How David’s business provides CFO services at a fraction of the cost of a traditional, full-time CFO–and how you can work with him.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/244
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