EP309 How the “Profit First” System will help you Improve Your Real Estate Finances and Increase Your Efficiency with David Richter

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By Brian Hamrick and Rental Property Owners Association with Brian Hamrick. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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.

https://www.rcbassociatesllc.com

356 episodes