Join Mike Cavaggioni with David Richter on the 92nd episode of the Average Joe Finances Podcast to talk about profit first in real estate. David is an active real estate investor, author, and founder of Simple CFO Solutions, LLC. He shares how he brings investors true financial clarity and freedom.
In this episode, you’ll learn:
- What Profit First for real estate means
- Shift to pay yourself first over expenses
- Application of the Profit First method
- David’s favorite real estate investing strategy
- Advice for those just getting started
- And much more!
About David Richter:
David Richter is an active real estate investor. He has been essential in closing over 850 deals, including wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy. While growing and building a real estate business from five deals a month to over 25 deals a month, David realized that as much money was coming in, it was going right out. With the unique opportunity to be in every seat as a real estate investor, he found a calling to the company’s finance seat to help them see where their money was going. David has helped real estate companies completely turn around from going out of business to building cash reserves through his profit advising company, Simple CFO Solutions, LLC. He is the author of Profit First for Real Estate Investing. His goal in life is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances and – bring them true financial clarity and freedom.
Find David Richter on:
Website: https://simplecfosolutions.com/
Profit First for Real Estate Book: https://amzn.to/3vj2Bex
Profit First by Mike Michalowicz: https://amzn.to/3xLrIIf
Average Joe Finances®
Our social media links can be found here: https://averagejoefinances.com/links
Check out: https://averagejoefinances.com
Balance Your Portfolio with Passiv: https://averagejoefinances.com/passiv
Buying or Selling a House? https://averagejoefinances.com/realtor
Interested in getting your real estate license? https://averagejoefinances.com/prepagent
Use the same Audio/Video Editing Team that I use: https://editpods.com
Host your own podcast here: https://averagejoefinances.com/buzzsprout
Social Media Management Tool: https://averagejoefinances.com/social-media
Podcast Book I’m Published in: https://averagejoefinances.com/daniel-larson
Buy an NFT of this podcast: https://ajf.uncut.fm
Free Stocks:
- Robinhood: https://averagejoefinances.com/robinhood
- Webull: https://averagejoefinances.com/webull
Consolidate debt: https://averagejoefinances.com/sofi-loans/
Get Life Insurance: https://averagejoefinances.com/ladder
Average Joe Finances Swag: https://averagejoefinances.com/resources/shop
*DISCLAIMER* https://averagejoefinances.com/disclaimer If you are interested in writing for Average Joe Finances or joining us for an interview on the podcast, please visit https://averagejoefinances.com/contact
See our episode transcripts here: https://www.averagejoefinancespod.com/episodes/
--------------
Tropical Sensation by Mike Leite soundcloud.com/mikeleite Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: https://bit.ly/-tropical-sensation
Support the show (https://www.buymeacoffee.com/avgjoefinances)
