• Profit First for Real Estate Investors

  • Auteur(s): David Richter
  • Podcast

Profit First for Real Estate Investors

Auteur(s): David Richter
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  • Résumé

  • You’re a real estate investor who is passionate about real estate and making a difference in your community. You’re a hard worker and you love the freedom that comes with being your own boss and owning your own business. You started this business because you wanted more time and money in your life, but financial freedom seems to always be on the other side of that “next” deal. Like most real estate business owners, you are broke and have no control over your finances, and it’s hard to admit it. You know how to make a lot of money, and you keep working harder and harder, but have little to nothing in your bank accounts to show for it. You give the keys to your finances to some bookkeeper or accountant that you “hope” will fix all the problems, yet the problem seems to get worse. You often feel like a rat in a maze, sometimes living from deal to deal, hoping to work your way out debt. This leads to feelings of stress and overwhelm because you aren’t paying yourself enough and you’re just one bad deal away from going out of business. It’s time to stop living paycheck to paycheck and start actually keeping more of the money you work so hard to make! To have less stress, less confusion, to sleep better at night, and have a healthy, profitable business that enables you to have more time with your friends and family, not less. It’s time to start putting more actual profit in your pockets and know what you can spend on yourself, your family, and on growing your business. The key to this future is to put profit first and have a system for your cash flow that is dependable and reliable. Cash is not king, cash management is king.When you control your cash, you control your business. And when you control your business, you’ll have more profit and more time to do more of what you love. You got into this business to achieve true time and money freedom in your life and I’m here to show you, that with the right systems in place, you can have all of those things…and so much more. We’re the Profit First for Real Estate Investors Podcast, where we put profit first because it changes the way we live our lives, build our businesses, and pursue the things that matter the most. Our mission is to make money “one less thing” you worry about by empowering you with the tips, tactics, and strategies you need to finally take control of your finances…and of your life. Join us each week on the Podcast as we speak with real estate investors from around the country who put profit before expenses, value substance over status, and place the health of their business above growing their egos. In each episode, real estate investors from across the country will share how they’ve completely changed their business by implementing Profit First. You’ll hear how these battle hardened real estate investors were able to completely turn around and revolutionize their businesses, and in many cases, their lives, and learn from their mistakes and failures...so you can avoid doing the same things in your own business. We focus on the journey to greater profitability and cash in your pocket without becoming a financial wizard or needing to close more deals. Earning more money and keeping more of what you earn is the only true path to freedom. You don’t need to do more deals to keep more money, you just need to take your profit first. Welcome to the Profit First for Real Estate Investors Podcast.
    © 2024 Profit First for Real Estate Investors
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Finances personnelles Économie
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Épisodes
  • Creative Financing and Profit First: Building Wealth in Real Estate with Joe and Jen DeFave

    Creative Financing and Profit First: Building Wealth in Real Estate with Joe and Jen DeFave
    Nov 11 2024

    "Our favorite way to buy real estate is to learn how to buy rentals without banks, without using your credit, and this is the strategy we've been using now for eight years."

    In this episode of Profit First for REI podcast, we interviewed Joe and Jenn Delle Fave on the show. Joe and Jenn are real estate investors, coaches, and the duo behind the Creative Finance Playbook—a YouTube channel where they share the wonders of non-traditional financing for real estate.

    Listen as they share their experiences with Profit First and what it feels like working with a CFO. They also talked about learning to buy rentals without banks and credit cards, how to get leads, and more! Enjoy the show!


    Key Takeaways:


    [01:05] Introducing Joe and Jenn Delle Fave
    [03:21] Jenn's experience with Profit First
    [05:26] Surprising things working with a CFO
    [12:19] Learn how to buy rentals without banks
    [18:16] How does marriage help them on the financial side of things?
    [22:20] How do I get leads?
    [25:35] Connect with Joe and Jenn Delle Fave


    Quotes:


    [03:48] "A CFO is for anyone looking to get their financials in order, and take that stress off of you as an entrepreneur because there are a lot of other things you can be doing, and should be doing with your time."

    [14:19] "The key [in real estate] is to have a strategy that isn't depending on the rates of banks and things like that..."

    [22:31] "This was probably my biggest challenge, and I've noticed this is a lot of folks' biggest challenge: How do I get leads?... We've found a free method. It costs zero dollars to do... by using Facebook groups."


    Connect with Joe and Jenn:


    Website: https://creativefinanceplaybook.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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    29 min
  • From Spa Owner to Real Estate Innovator: Tiffany's Journey

    From Spa Owner to Real Estate Innovator: Tiffany's Journey
    Aug 13 2024

    In this episode of Profit First for REI podcast with David Richter, he interviewed Tiffany Milttal. She is a seasoned multifamily real estate expert with over 13 years of hands-on experience.

    Tiffany is the founder and CEO of Utility Ranger. Utility Ranger is a revolutionary tenant utility billing software company founded in 2020.

    Today, David and Tiffany talked about her real estate journey, the mechanism of the Ratio Utility Billing System, and how she founded her company, Utility Ranger. Enjoy the show!

    Key Takeaways:

    [00:44] Introducing Tiffany Milttal
    [02:12] Her real estate journey
    [04:41] RUBS
    [08:01] Switching to the Property Technology side
    [10:06] Utility Ranger
    [20:19] Property Conservation and Property Appreciation
    [24:49] Connect with Tiffany Milttal
    [25:42] Lesson learned from her real estate journey

    Quotes:

    [03:53] "When you have third-party management, you need what you need to know. You know how to asset managed versus property managed."
    [06:28] "Utility Billing Service Companies, they are companies that take all these master metered utility bills and rebuild them out to your tenants with a mechanism called RUBS."
    [10:06] "How can I take this service model and turn it into a software model? This is how our company Utility Ranger was born."

    Connect with Tiffany:

    Website: https://utilityranger.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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    28 min
  • Building a Real Estate Empire in Small Markets

    Building a Real Estate Empire in Small Markets
    Aug 6 2024

    In this episode of Profit First for REI podcast, we interviewed Josh Chapman. He has been a real estate investor, entrepreneur, and engineer for ten years.

    While learning about real estate, he read Profit First and implemented the system immediately. Having the cash flow issues, he wanted to keep his finances organized.

    Listen as he shares how Profit First helped him in his real estate investing journey. Enjoy the show!

    Key Takeaways:

    [01:13] Introducing Josh Chapman
    [01:40] His Profit First Journey
    [02:51] Cash flow issues
    [07:31] Types of real estate he gets into
    [10:08] Scaling up properties
    [12:57] Life without Profit First
    [16:36] Small Town Investment
    [17:54] Connect with Josh Chapman

    Quotes:

    [03:43] "I knew I had to find a system to help keep things organized and not run into cash flow issues as I started other businesses."
    [08:26] "Fast forward about six months, I am operating five Airbnb's. I realize there is some great money to be made doing this, but instead of renting properties, I started exploring what it looks like for me to buy properties."
    [17:46] "Keep their eyes open. Don't feel like you have to be in the big market. You can do well in small markets."

    Connect with Josh:

    Email: josh@smalltowninvesting.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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    20 min

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