Profit First for Real Estate Investors

David Richter
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Aug 11, 2022 • 28min

A Mindset of Abundance: How Ken Van Liew Created a Real Estate Empire

Another special guest is here with us today, and that is none other than Ken Van Liew. Ken has done some incredible things in the real estate space. He owns Global Real Estate Strategies, has built skyscrapers and raised a ton of money as a developer. Ken’s always on the go, looking for deals and doing great things to level up his business. His expertise and strategic tactics are a must-hear, so we invited him on the show today.Key Takeaways:[1:57] What got him started in real estate?[4:26] Ken talks about his journey from where he was then to where he is now in his real estate career[8:19] What early lessons did he learn about money and how does that compare to his money mindset today?[12:07] What lessons about money does he want to pass on to the next generation?[14:41] What are some of the difficult issues he encounters when teaching about money mindset?Quotable Quotes:[2:45] "I learned from my failures. I failed four times before I passed it, but it built a lot of character."[12:39] "I personally believe if you live in a mindset of abundance, you’ll always have enough money."Links:The Richest Man in Babylon by George Clason-https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111 The Obstacle is The Way by Ryan Holiday-https://www.amazon.com/Obstacle-Way-Timeless-Turning-Triumph/dp/1591846358 Deep Work by Cal Newport-https://www.amazon.com/Deep-Work-Focused-Success-Distracted/dp/1455586692 Ken’s Website-https://kenvanliew.com Global Real Estate Investment Enterprise-https://go.kenvanliew.com/mwbf-benefits-video Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 
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Aug 8, 2022 • 31min

Investing to Learn or Learning to Invest? How Not to Be a Dinosaur With Mike Zlotnik

Mike Zlotnik has always wanted to invest in real estate. For over 22 years, Mike has been a debt and equity investor. He is a member of several mastermind groups and has taken on the role of CEO of Tempo Funding, LLC.Mike jam-packs this episode with practical opportunities to improve efficiency and profitability in the REI realm.Key Takeaways:[1:35] Mike’s real estate journey[3:13] Where is he on his real estate journey as of now?[7:22] How does he source and manage his deals?[11:00] Mike explains the difference between closed and open-ended funds.[14:03] When is the right time to start a fund?[18:39] Who are the most important and paramount people to have in their team?[20:45] What philosophies around money have stuck with him throughout the years?Quotable Quotes:[22:03] "Money is essentially a commodity; it’s fungible. You basically have to have it, but you also have to invest in it. "[25:24] "Life is all about growth. The moment you stop learning, you’re a dinosaur. And if you’re not moving forward, you’re moving backward. "Links:Big Mike Fund-http://bigmikefund.com Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 
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Aug 4, 2022 • 34min

Building a Legacy of Generational Wealth With Josh Cantwell

Achieving entrepreneurial freedom has a price and also takes time. But the good thing is, it’s not impossible!Our guest Josh Cantwell can attest to that. Today we dive into the finer details of how important the Profit First mindset is in your business, as well as how to use it so you can get the right framework in place to maximize your profitability.Key Takeaways:[1:54] What got him started in real estate?[4:28] What early lessons did he learn about money, and how is it compared to what he’s learned about money today?[9:00] What lessons about money does he want to pass down to his children?[17:49] How does he use Profit First in apartment investing?[27:43] Get into the psychological habit of making sure you’re taken care of , so you've got the right mindset and you’re not hating your business at a different level.Quotable Quotes:[4:43] "You realize that when you sign up as an entrepreneur, you sign up for personal freedom."[11:03] “One of the lessons I've learned is that in order to be a high earner, you must have excellent time management skills.”Links:Free Land Ventures-www.freelandventures.comTired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 
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Aug 1, 2022 • 42min

Building Your Mental Toolbox: The Key to Success With Glenn & Amber Schworm

We invited power couple Amber and Glenn Schworm to the show, and today we’re about to unpack some great insights from them! These two are always on the hunt to help everyday people create long-term wealth in real estate.This talk is a little bit of everything. We discuss their financial journey, some parenting advice around money, how they strengthened their relationship as a couple while still being top-notch business partners, and a whole lot more. Stick around and let’s listen to this duo.Key Takeaways:[1:40] How did they get started in real estate?[8:50] How did they end up branching out into coaching?[20:55] What are some early lessons they’ve learned about money and how does it compare to their thoughts about money today?[27:55] What lessons about money do they want to pass on to their children?[34:26] It’s important to be open about your fears and learn how to overcome themQuotable Quotes:[10:21] "I didn’t just want to hype up people without a plan, because finances are a big part of your goals."[13:16] "I want to champion the average person that wants to make a difference."[35:15] "Courage is not when you’re not scared. Courage is when you push through fear."Links:Glenn and Amber’s Website-https://glennandamber.com/ Glenn and Amber on Instagram-https://www.instagram.com/glenn_and_amber_schworm/?hl=en Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 
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Jul 28, 2022 • 39min

Money Can’t Buy Happiness, but It Can Buy Freedom: Financial Strategies With Mitch Stephen

Mitch Stephen is a self-made investor, educator, and award-winning author of the book MY LIFE & 1,000 HOUSES. He likes to support his students in finding financial freedom through real estate. In this interview, discover how he has changed communities, inspired lives and helped over 1,000 families stop renting and start owning houses.Key Takeaways:[1:30] What led him to financial freedom and the writing of his best-selling book?[7:30] His journey from his first real estate deal to doing a thousand houses[16:33]  Mitch’s formula to establish an OFV (Owner Finance Value)[23:22] What early lessons did he learn about money and what does he think about money today?[28:04] Financial freedom happens when your wants and needs are exceeded by your cash flow.Quotable Quotes:[14:47] "Every business that you start will take everything you have for two years."[24:25] "Just the knowledge that you have a lot of money can get you into predicaments." Links:1000 Houses Website-https://1000houses.com/ Psycho-Cybernetics by Maxwell Maltz-https://www.amazon.com/Psycho-Cybernetics-Updated-Expanded-Maxwell-Maltz/dp/0399176136 Think and Grow Rich by Napoleon Hill-https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331 The Richest Man in Babylon by George Samuel Clason-https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111 Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 
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Jul 25, 2022 • 29min

Jay Conner’s Secret to Success (And It’s Not Money)

Are you curious as to how people get constant money when doing real estate? The answer is simple: private money! Through the power of private money, you have the opportunity to completely transform your business and your life. It’s just a matter of taking that first step. And this week’s guest, Jay Connor, is glad to take you guys along and help you fast track your business growth. Let’s hear it out from the private money authority himself.Key Takeaways:[6:17] The story of how he learned to master private money[8:07] What is the secret to eliminating private money?[10:23] People who learn to become real estate investors can earn an unlimited amount of money returns on their investments, at least tax deferred if not tax free. [14:31] How does he approach someone who he wants to talk about private money with?[21:46] Jay talks about how you should find things that you’re passionate about instead of just focusing on money.Quotable Quotes:[11:39] "Go where the money is. The more money you wallow in, the more money it sticks to you."[15:39] "It all starts with the perspective of having a servant’s heart and serving these people."[21:25] "If money is your primary motivation in doing anything, that is not going to be a long-term venture at all."Links:Jay’s website-https://www.jayconner.com Where to Get Money Now by Jay Conner-https://www.jayconner.com/book-details/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 
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Jul 21, 2022 • 22min

How Cashflow and KPIs Determine Your Growth Potential With Glenn Stromberg

Don't get tricked by naysayers and those who have failed to implement the Profit First system correctly. Because today, we’ve invited the "king" of real estate, and he’s going to set things straight.Glenn Stromberg is here to bless us with his field expertise so we can also rise to the top as quickly as we can. Let’s hear some essential tips from this business tycoon.Key Takeaways:[1:55] How did he start in real estate and what was the big kickoff from there?[6:16] What early lessons did he have about money, and how is it compared to what he thinks about money today?[8:50] What lessons about money does he want to pass down?[10:51] How does Glenn track his numbers and what are his key indicators?[13:54] Glenn’s financial advice to the real estate communityQuotable Quotes:[6:43] "Money is the bi-product of serving people."[13:48] "Get in mastermind groups. That is the game changer."[14:34] “ Not everybody should scale. You need to find out first where you want to go and where you want to be.”Links:The Go Giver by Bob Burg and John David Mann-https://thegogiver.com/Stromberg Investment Group-stromberginvestmentgroup.comEmail Glenn at-glenn@stromberginvestmentgroup.com Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 
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Jul 18, 2022 • 31min

A 7-Stage Growth Strategy That Has Helped Over 100,000 Businesses Scale With Carl Gould

Meet the world's leading authority on business and entrepreneurship, Carl Gould. Aside from being a serial entrepreneur, he's also a keynote speaker, a best-selling author, and the CEO and founder of 7 Stage Advisors. A coaching and executive mentoring company with over 100 advisors in more than 15 countries around the world. Today, he'll be giving a glimpse of his backstory, a comprehensive "how-to" guide for his business strategy, and some ideas behind building a legacy of wealth in the REI world.Are you ready to take your company to the next level? If so, then we've got your back! Hang out with us in this episode. Key Takeaways:[3:44] What is the idea behind seven-stage advisors?[5:11] The seven stages in real estate are: strategic planning, specialty stage, synergy stage, systems stage, sustainability stage, salability, and succession.[9:21] Carl’s early lessons about money and his perspectives on money today[10:48] The importance of value engagement through pricing[13:27] The closer your cash flow is to your operating expenses, the more attention you pay.[15:28] How does Carl apply systems to get his cash in order?[20:54] What's Carl's opinion on having a bottom-line profit but running out of cash?[24:01] If you’re in real estate, you must understand that the deal flow has to be there all the time.Quotable Quotes:[9:31] "All money is not created equal."[9:59] "Certain money is more valuable than other money."Links:Carl Gould’s Websites-https://carlgould.com/ and https://carl360.com/Carl’s LinkedIn- https://www.linkedin.com/in/carlgouldTired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 
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Jul 12, 2022 • 31min

Find Your Purpose and Leverage Systems: A Money Growth Strategy With Damon Remy

If you’ve been around in the real estate space for quite some time, then you’ve probably heard of the software REI Blackbook. Through the years, it has served its mission to make marketing and sales the easiest way to run your business. And behind its unwavering success lies a superstar team run by Damon Remy. Damon Remy is the founder and CEO of REI Blackbook. He’s on the show today to navigate the learning lessons, challenges, and triumphs that he has faced over the past 14 years. If you’re looking for some good advice, then grab a cup of Joe, put on your headphones, and start listening to this hotshot real estate magnate.Key Takeaways:[2:54] As a business owner, you have to figure out how to separate yourself from the competition.[9:43] The value you get from leaning in to others [11:19] Why does he love empowering others to pursue their passion?[13:52] What are the lessons that he has learned around money and what does he think about money today? [17:42] The most important thing he learned is: Once you really, truly get it, life changes. And money is just a tool. [19:58] Having a system that manages that money and making sure that you pay yourself first.[21:43] His advice to the real estate communityQuotable Quotes:[1:58] "I love systems, and there are systems for lead generation, there are systems for follow up, there are all kinds of systems." And absolute Profit First is a system for money. "[13:07] "There’s no one in the world who doesn’t like money. What money provides for people is what makes it likeable."[22:10] "You cannot copy somebody else’s vision. You cannot copy passion, you cannot copy their purpose, so go get some clarity on that. "Links: REI Blackbook-https://www.reiblackbook.com/trial/?fpr=sergei27 Damon’s Facebook- https://m.facebook.com/damonr  Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 
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Jul 4, 2022 • 30min

Learn to Fail and Do It More Often: How Anny Draginova Built a 7-Figure Empire With Batch

Everyone aspires to be a millionaire, but only a very few motivated dreamers succeed in doing so. And in this podcast episode, we'll tell you the story of a successful immigrant who owns several 7-figure enterprises. Yes, you’re right, we’re talking about Batch Service’s very own Anny Draginova.Let's take a glimpse at Anny's journey and how she got started in chasing her very own American dream.Key Takeaways:[1:51] How did she get involved in the real estate investing world?[4:35] Why did she get attracted to real estate?[7:09] What products do they have and what other products are they launching next?[11:47] Early money lessons she learned vs. how she thinks about money now  [13:58] What did reading Profit First and implementing it help her in her business?[19:45] You can over complicate your KPIs by the gecko.[21:31] What’s the biggest contributor to Batch’s success?25:12 Don’t be afraid to fail and get uncomfortable with that because it’s going to be a consistent failure and you've got to be okay with it.Quotable Quotes:[12:04] "Lessons about money for me is trying to figure out what’s happening to the money."[13:03] "Having that habit of consistency is, I think, the biggest thing."Links:Anna Draginova’s Profile-https://instagram.com/annydraginova?igshid=YmMyMTA2M2Y= Batch Service’s- https://batchservice.com/ The Go Giver by Bob Burg-https://thegogiver.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

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