Profit First for Real Estate Investors with David Richter

Keep your steam engines running for this exciting episode, and we’re bringing in a very special guest for you. We’re joined by no other than Cameron Dunlap, the founder, and CEO of Real Estate Worth Network. Today, he’ll be sharing with us his real estate journey and how he’s been able to achieve his success by using the exact REI tools to move his business forward.Catch this genius-making action by listening to today’s jam-packed session!Key Takeaways for This Episode:[2:09] How did he start to build up his rental portfolio?[2:56] Cameron shares his teaching and real estate journey[5:57] Was there ever a time in the business where he felt like he was doing a lot but wasn’t keeping as much?[7:45] When did the financial freedom fill in and did all the work?[11:00] Was the Profit First methodology a new concept to him?[16:22] You can use the buyer’s money to fund a purchase for your seller[18:41] With the cash buyer’s data fee, you don’t have to build a buyer’s listQuotable Quotes:[5:41] “I get a lot done, but I don’t work that hard.”[15:50] “That was a big changer because it helped me focus my energy on the right people.”Links:Profit First by Mike Michalowicz-https://mikemichalowicz.com/profit-first/Profit First REI by David Richter - https://simplecfosolutions.com/profit-first-david-richter/ Real Estate Worth Network- https://realestatewealthnetwork.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 

The self-storage king is on the show today, so better expect an explosive episode coming your way.Scott Meyers, also known as the nation’s leading expert in the self-storage business, is here to bring value and share his side of the story. He’s been the architect of several extremely successful real estate transactions. He is always ready to teach others about the business and help them correct their mistakes to achieve a higher level of success. In this episode, he’ll uncover the mystery behind that. Let’s find out how Scott implemented a process plan that made him run his business and leverage his way to the top! Key Takeaways for this Episode:[1:32] When did he first implement Profit First, and how was that journey?[2:52] People who are passionate about their businesses have to reinvest[5:02] Having a process and plan in place allows for making better decisions [6:12] What are some of the benefits of implementing this system?[10:39] How many storage units do he have, and how long has he been doing storage units?[13:00] The hardest lesson that he’s learned in real estate?[16:22] If you haven’t been on a personal journey of self-awareness, you don’t understand what it’s like to know your unique ability [17:34] Talk to people about investing in self-storage[19:44] Keep your ear to the ground and your eyes wide openQuotable Quotes:[3:10] “I am passionate about my business because I know that the leverage that it provides allows us to do more mission work and impact people’s lives.”[8:50] “It’s also freeing from just a personal standpoint to have that cushion and everything in place, so we can have the mindset to serve.”[15:36] “Getting an education, surrounding yourself with the right people allows you to move forward.”Links:The Self Storage Podcast- https://open.spotify.com/show/6l3jf0p0WT9jdEYZ90Q9kZ?si=71HgWYlaR2yj3nHXUg-tHA Self Storage Investing Website- https://selfstorageinvesting.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 

Meet the Godfather of creative real estate, Ron LeGrand. He was born with the heart of an entrepreneur and started doing business transactions by the time he was eighteen. Ron entered the real estate world in 1982, and from then on, his innovative mind, true heart, and logical systems propelled him to sell houses without any risks. Discover the secret strategy that got him to garner massive deals for the last 37 years. Strap in, and let’s hear out how this genius climbed his way up the ladder.Key Takeaways for This Episode:[1:51] What got him started in real estate, and why did he choose real estate?[6:03] People who are looking for a lot of excuses don’t make a lot of money[6:28] The problem of low self-esteem[7:48] You have to be careful to whom you’ll listen. It would help if you weren’t listening to anybody until you have—a reason to believe that you can trust what anyone says. [12:46] His journey facing six market corrections[14:20] Delegation, Automation, and Systemization makes real estate easier[19:09] The absolute key is selecting the best people for your business[22:21] How important is it to know your business numbers?[27:22] Take action, go out there and implement things[30:29] Get your education from qualified people to render itQuotable Quotes:[0:13] “When you spend your life swapping hours for dollars and never really hit a home run, you never really had way more money to live on. It’s hard to get into the mindset that you’re entitled to get more money.”[11:11] “Somewhere along the line, we have to start digging a little deeper, and find a faster and easier way to make money without the risk.”[22:30] “Anybody running their business that doesn’t know their numbers wouldn’t be in the business very long.”Links:Join Ron LeGrand’s Online Training- http://ronlegrand.com/terms 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 

Investing in real estate can be fruitful, but dealing with it alone can be challenging and highly risky. Real estate is a tricky business that requires knowledge, talent, organization, networking, and perseverance. It also takes a little savvy to succeed in this highly competitive arena. If you want to scale your way up, you must remember to keep the end goal in mind.But what does that necessarily mean? Don't worry because real estate rockstar Nick Bradley will get to the bottom of that. Nick is in the show today to teach us how to network, organize and run a business that works without us. Join our talk by clicking on that play button! Key Takeaways for this Episode:[4:23] Networking with high net-worth individuals [6:27] How important it is for people to have that network, and when should they start building that high-level network?[6:4]  The six reasons why your business will never hit eight figures[8:32] How do real estate investors keep the end goal in mind?[11:10] You need to know your need and want number[16:15] You have to scale to sale[19:11] The three principles to in driving your business: Clear end game, Scaling fast and build value, Exit rich[24:30] How did Profit First situate in his line of business?[27:20] Start with the good habits as early as possibleQuotable Quotes: [0:21] “People who don’t have a strong foundation of their finances from the beginning end up with a problem as they start to scale.”[9:30] “When you get something that is not optimized, and it needs to be to get the outcome that you want.”[12:45] “When you exit yourself from the business, and the business still runs, and you own it, you have freedom from that, but you don’t have to be there.”Links:Scale Up with Nick Bradley Podcast- https://open.spotify.com/show/3zWRNth6fPJc8rKdXgOZEH?si=_SdjZntfSH2P3hF-GQCj9g Traction by Gino Wickman- https://www.eosworldwide.com/traction-book Nick’s Facebook page: https://scaleup.vip/FB Nick’s LinkedIn: https://scaleup.vip/LI Nick's Instagram: https://scaleup.vip/IG 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 

Without an intentional focus on measuring and growing cash, as well as profit, your business might turn into an awful 360 degrees. Sharp-witted business owners are always one step ahead in maximizing growth, profitability, and value — especially in a competitive market like real estate. These strategies help leverage upcycles, weather downturns, and achieve your growth and value targets. If you’re not yet convinced, then you should give this episode a listen. Mark Stubler, owner and founder of Joe Homebuyer, is here to provide us with a blueprint on how to operate the “franchise model” in your business, understand your numbers better, and focus on profitability so you can achieve high levels of personal and financial success. But of course, success comes with failures. He will also talk about the mental roadblocks he encountered throughout his journey. So be ready to deep dive into these exciting topics!Key Takeaways[1:44] What is the hardest lesson he learned as a real estate investor?[4:53] What keeps Mark going in real estate?[6:34] Has he had any money struggles in his business as he grew business and branched out?[8:07] What are his struggles? How did he get past some of those, and what systems does he have to make sure that he’s taking as few risks as possible?[10:40] Has he incorporated the profit first system[12:24] The franchise model, how can you turn a successful business into a successful franchise?[16:27] What early lessons did he learn about money, and how does that compare to how he thinks about money today?[23:54] Understanding your numbers better and focusing on profitabilityQuotes[2:03] “There are many ways to make money in real estate; if you’re not careful, you can chase two rabbits and catch none.”[5:30] “It’s not an easy industry, but it’s simple. And if you apply consistently, you can yield such incredible returns on a fair amount of effort.”[11:07] “At the end of the day, if you’re not paying yourself, if you do not realize profits, you’re looking at it backward.”LinksMark’s LinkedIn- https://www.linkedin.com/in/mark-stubler-a201b56bJoe Homebuyer’s Website- https://joehomebuyer.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 

It’s incredible how profitability can give you so many options. It gives you the freedom to do whatever you want, and it also helps level up your business. Making more profit means having what it takes to navigate your real estate journey and achieve your personal goals. We’re pulling in Justin Silverio as he deep-dives and spills out facts on how one can scale up their business and build a profitable company with the help of ridiculously awesome team players. He will also share snippets on how he’s been able to use his app, Invelo, to help improve people’s careers. And as well as dissect the benefits of using profitability to scale up and expand our business endeavors. What are you waiting for? Click that play button and kickstart your day by listening to this insightful episode! Key Takeaways[1:37] The most significant and most challenging lessons he’s learned throughout his real estate investing career[2:04] Making sure that you have the right people in your business [5:21] Has he ever run into money struggles and problems along the way?[5:42] On the importance of cash flow management [6:56] How did Profit First enter his sphere, and how did it help him in his business?[9:03] Making more profit gave him the opportunity and freedom to do things[11:44] Using the profit to start a business and have team players[17:01] Building a platform (Invelo) for investors that have three critical aspects: Software, Education, and Community[24:42] Generating deal flow is one of the most critical aspects to having a successful business other than cash flow management Quotes:[1:53] “I am making sure that I align myself with the right people in my business.”[6:27] “If you don’t have a good process don’t start to scale, those issues will be much larger and it will critically impact your business.”[11:20] “Everyone is just so impressively amazing and it’s just exciting to be able to work around these people. And scale the business together.”Links:Email Justin-  justin@inveloapp.comInvelo app- www.inveloapp.comJS2 Homes LLC- http://js2homes.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 

"Start your business with an outcome in mind." These are rousing words from the master of rental property investment himself, Kirby Atwell. After serving in the US Army, he felt a calling to go all out and start venturing into real estate. Throughout his real estate career, he has faced a lot of lessons that became his pillar to fortune. Now Kirby is one of the hottest real estate investors in the country. He also runs his podcast show that has inspired many to dive headfirst into rental properties. With that being said, this episode revolves around Kirby's journey towards success. And how he has overcome setbacks along the journey. Learn how he paved his way to financial freedom, earned massive profits, and achieved security by living off rentals.Key Takeaways[0:28] What is the most important and most challenging lesson he learned in real estate investing?[1:48] How has profit first impacted his life?[5:27] Using his investments to pay a debt[8:50] Talking about his brand “Living Off Rentals.”[10:33] Why did he decide to switch investing in rental properties, and how has he maximized the BRRRR method?[13:08] How many rental properties do you need to walk away from your full-time job and feel secure?[13:52] What have been his challenges while living off rentals?[17:19] It’s essential to focus on what you’re good at[18:36] Learn how to say no to the things that don’t serve you at the highest level [20:57] The whole point is to start making profit a habit[23:56] Figure out how your business is going to lead you to the lifestyle that you wantQuotes[0:46] “I learned that you should start a business with an outcome.”[14:16] “You’re always in that constant “crack addict rehab mindset” where you have to get another deal.”[14:53] “There are just so many benefits to not thinking about how many deals you should make to pay your bills.”Links:Living Off Rentals Podcast-https://open.spotify.com/show/21uAWBRUnfaSw5VN7j4UUJ?si=HLlD8qoyR1maj2gYGDYFygKirby Atwell’s LinkedIn-https://www.linkedin.com/in/kirbyatwell Rich Dad Poor Dad by Robert Kiyosaki-https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 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 

Here’s a real kicker! Nicole Espinosa, a.k.a the Short Sale Queen, will give us pearls of advice in today’s talk. Nicole started real estate way back in 2011, and she has been processing short sales ever since. Throughout her years of expertise, she’s gone through several challenges and met seasoned real estate investors who shaped her to where she’s at today. She’s also written a couple of books that became a global hit and helped many. On top of that, Nicole is a full-time mom who has mastered the art of balancing her career and personal life. She always believes that consistency and perseverance to work hard are the way to victory. Curious about how she did it? Find out by listening to the full episode!Key Takeaways [2:06] What got her started in real estate investing?[3:26] She spent a lot of time perfecting systems processes and instilling education to real estate professionals to debunk myths about short sales.[6:12] The advantages of specializing in short sales niche[7:32] Why did she get into real estate?[10:41] Did short-sale contribute to her success?[11:50] Being consistent matters[12:45] What early lessons about money did she learn? And how does it differ from her perspective today?[15:49] Changing her perspectives on money: Working less and making more[18:15] What does she want to pass on to her children about money?[25:47] Have a bigger vision of what you are trying to accomplish and create Quotes:[6:49] “Your reputation is your brand.”[7:32] Why did she get into real estate?[8:32] “I was not always the smartest person in the room, but I was always hard working”[9:30] “You don’t know everything, you can always learn something from someone because they offer a fresh new perspective.”Links:The Short Sale Queen Website- www.thessqueen.comNicole’s Instagram- www.instagram.com/thenicoleespinosa The Short Sale Queen YouTube- https://m.youtube.com/c/TheShortSaleQueen How To Master Short Sales by Nicole Espinosa- https://thessqueen.com/how-to-master-short-sales/ The #1 SHORT SALE FREE FB group: www.facebook.com/groups/theonlyshortsalegroupworthbeingapartof 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 

If you want to take the plunge and start your own successful real estate business, generate massive profits, and build legacy wealth, then this episode is the right fit for you. Tiffany and Josh High are on the show to bring in helpful tips that will guide you to drive better and faster results for your growing business. They will also instill insights like how to invest your money consistently, track KPIs, and keep systems. This power couple knows the ins and outs of the business, so make sure to amp up your volume and tune in for more!Key Takeaways [7:10} Learning the value of having a mentor[8:17] Staying away from fear and friendships attachments[9:37] What early lessons did both learn regarding handling money, and how is that compared to their current financial situation?[10:13] If you don’t spend and invest money consistently, it doesn’t result in predictable results[12:59] Even though times might be challenging, there’s a lesson in that resistance. Take that lesson and apply it, make changes that you need to make, and everything else will work out in the end, so trust the process.[17:43] What lesson do they want to pass down to their child regarding money?[20:00] How do they track their KPIs in the business?[27:01]  Building a business all starts with the foundation and the systems Quotes[11:47] “When it comes to money, the more you grow the bigger problems get.”[12:22] “Just keep doing what you’re doing, have faith and trust the process because it’s all going to work out in the end.”[19:11] “What you lose in risking it all is so much more valuable than not taking the chance.”LinksTiffany’s Instagram- https://www.instagram.com/tiffanyhighofficial/?hl=en Josh’s Instagram-https://www.instagram.com/joshhighofficial/?hl=en Tiffany and Josh’s Website-https://solo.to/tiffanyandjoshhigh 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 

Maximizing your profit in real estate will amplify your business to a whole new level!Casey Ames is the President and founder of Taylor Jene Homes. The journey to his career began when his parents started their own real estate business. At first, he thought that he wasn't exactly the right fit for the real estate world, but he tried anyway. Now, Casey is doing great things in the field and is always one step ahead in coaching his students to pursue their real estate dreams. His upbringing, morals and drive to inspire others make him a force to be reckoned with. Today, we get a chance to sit down with him as he brings valuable insights to the table. Key Takeaways[1:39] An overview of Casey and how he started his real estate journey?[8:12] How can you maximize profits within a good amount of time?[19:27] His take on making sacrifices to get to your end goal[19:47] How can we leverage time to get the most dollars?[29:47] Why is it important to stay hyper focused on what you are working on to make more impact in your life?Quotables[5:07] "Build value for people."[5:32] "To create value, you have to give more than you expect in compensation."[22:48] "You talk your problems up a ladder, not down the ladder and not across the table."[32:42] "Don't get caught up in the scale. Get good at what you are doing and amplify it as you move forward."LinksThe Go-Giver by Bob Burg and John David Mann- https://thegogiver.com/Never Split the Difference: Negotiating As If Your Life Depended On ItBook by Christopher Voss and Tahl Raz- https://info.blackswanltd.com/never-split-the-differenceEmail: casey@taylorjenehomes.comWant to 2-3X your profit? If you want help implementing Profit First and increasing your revenue in your business, you can go here to book a call. I’d love to chat and see how I can help you make and keep more money in your business.