Profit First for Real Estate Investors with David Richter

One dream can change everything. And our guest Mike Fitzgerald couldn’t agree more with that statement. He started with a dream of owning nine rental properties, and now he’s been able to live up to that. Mike is a champion in the REI world. He’s been in the business for quite some time, has purchased over 250 properties, and even gotten an award as "the business person of the year."He’s living proof that if you drive towards your purpose and you drive towards excellence, you’ll be able to achieve success. He’s here today to help us create great habits that make us proud of who we are and what we’ve become and step towards our vision and dreams.Key Takeaways:[1:35] How did he get into the real estate investing world?[6:04] What was it like to grow a team for his business?[8:33] What is the state of his business after years of implementing the Profit First system?[10:42] Mike talks about the evolution of his money mindset throughout the years[12:00] What key things and tactics are essential to his success?[14:22] The importance of having the right people around you[17:52] Make sure to take massive action to get where you are.Quotable Quotes:11:17 "As you evolve, as you move forward, it becomes easier and easier."12:23 "If you dream it, you can do it."18:48 "Stick with your dreams. If you want to do real estate, it’s going to become your reality,"Resources:Mike’s Instagram-https://instagram.com/mike2thefitz?igshid=YmMyMTA2M2Y= Profit First Real Estate Investors FB Group-https://m.facebook.com/groups/ProfitFirstREI/ Simple CFO-https://simplecfosolutions.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 

Brad Blazar has studied the habits of success. He’s an expert when it comes to raising capital and has been raising hard-earned money since the young age of 23. After years of managing his oil company, Brad realized that his true passion lay in helping others while still raising money for himself.Brad’s coaching program , Capital School, has garnered praise across the globe and is highly recognized in the REI space. Helping budding real estate geeks on their business journey.Today, we invited him over to have a chat with us and talk about how to climb up that success ladder the smart way.Key Takeaways:[2:16] How did he start on his real estate journey?[5:46] He learned the value of trust and building relationships with the people around him[7:53] The story of how he launched his first oil business at the age of 23[12:21] Does he teach people how to raise money from different sources?[15:23] How to get off the transactional treadmill and create a passive lifestyle through commercial real estate[16:27] Tips on how to raise money the easy wayQuotable Quotes:[16:56] "We, as human beings, know how our brains are wired, are not wired to be successful. Our brain is programmed into one thing and that is to keep us alive. "[21:46] "Investors do not invest in great ideas."Links:Brad’s Website-https://www.bradblazar.com Books by Brad Blazar-https://www.bradblazar.com/the-book Capital School-https://www.bradblazar.com/capitalschool 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 

Our guest for this episode started investing in real estate around eight years ago with little knowledge on his hands. 11 months and 104 failed deals later, he finally landed his first paycheck. What made him successful is that he stayed away from the safe route, applied a systematic investing approach, and followed his mentors who showed him the way to accumulating wealth and success. You may be thinking that real estate investing is hard. But once you crack the code, you’ll eventually realize how simple it is. If he can do it, so can you!Today, let’s take a deep dive into how to scale a seven-figure business using Nick Perry’s systems and processes. Learn the hacks and tricks of real estate investing by clicking on that play button!Key Takeaways:[1:39] How did he get into real estate investing and where is he on his journey today?[4:08] What is he doing right now in real estate and how does he help other people?[10:39] How does he make sure to prioritize profit and pay himself first?[15:17] Are they using KPIs to make sure that they’re on track?[17:54] Nick’s real estate advice to the listenersQuotable Quotes:[7:26] "Your business is never going to outgrow you."[11:01] "When you pay yourself first, that’s what’s going to allow you to go out and create."Links:Nick’s Instagram-https://instagram.com/nickperryrei?igshid=YmMyMTA2M2Y= The 7 Figure Cartel-https://www.7figurecartel.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 

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 

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 

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 

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 

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 

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 

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