Rental Property Owner & Real Estate Investor Podcast EP309 How the “Profit First” System will help you Improve Your Real Estate Finances and Increase Your Efficiency with David Richter
My guest today has closed over 850 deals over the past 7 years. He’s tried many different strategies, and noticed something very strange while he was in the process of building a real estate business that was doing 25 deals a month. What he realized was that the money he was making was not the money that was ending up in his pocket. Instead, that money was going right back out the door, with very little cashflow or profit to show for all his efforts.
Now I’m sure many of us have found ourselves in the same situation. David Richter saw this as an opportunity to help businesses see where their money really goes. He’s since helped real estate companies completely turn around, from going out of business to building real cash reserves by using a method called the “Profit First Cash Flow System”.
David’s goal is to completely transform the Real Estate Industry when it comes to how real estate investors view their finances. Today David is going to help us achieve true financial clarity and freedom and show us how to stop living deal to deal.
You can find out more about David by reading his new book “Profit First For Real Estate Investing”, available on amazon.com. You can also contact him through his website: https://simplecfosolutions.com
Today’s episode is brought to you by Green Property Management, Now offering a $250 Per Unit Project Allowance to New Clients in West Michigan.
Text "Green250" to 21000, or visit them on the web at:
https://www.livegreenlocal.com
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.