Profit First For Real Estate Investors with David Richter & Jay Conner, The Private Money Authority

Jay Conner

Nov 24 2021

David Richter joins Jay Conner to talk about his new book, “Profit First for Real Estate Investing”. This book is a derivative of the original Profit First by Mike Michalowicz that is tailored specifically for Real Estate Investors.

David is an active real estate investor who has been essential in closing over 850 deals over the last 7 years which include wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy you can think of. While growing and building a real estate business from 5 deals a month to over 25 deals a month, he realized that as much money was coming in, it was going right out the door.

With the unique opportunity of being in every seat, as a real estate investor, he found a calling in the company’s finance seat to help businesses see where their money really went. David has helped real estate companies completely turn around from going out of business to building cash reserves by using the Profit First cash flow system.

His goal is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances. He wants to bring investors true financial clarity and freedom and help every investor stop living deal to deal.

Timestamps:

0:01 - Get Ready To Be Plugged Into The Money

2:00 - Jay’s New Book: “Where To Get The Money Now”- https://www.JayConner.com/Book

2:20 - Today’s guest: David Richter

5:05 - Why David Richter gets into the real estate business.

7:18 - David Richter’s early struggles and challenges.

8:29 - What does your organization look like today?

10:51 -  Connect with  David Richter - https://www.SimpleCFOSolutions.com

Get David Richter’s book at - https://www.SimpleCFOBook.com

11:52 - “Profit First For Real Estate Investing” - David Richter

15:13 - Do you think most real estate investors don’t have the system to pay themselves?

15:57 - What is your advice to these investors?

22:23 - What other opportunities do you see for real estate investors?

24:21 - What piqued your interest in writing this book?

27:37 - David Richter’s parting message: It doesn’t matter if you are doing your first deal or your thousandth deal, get your system in place. Make profit a habit.

Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/

Free Webinar: http://bit.ly/jaymoneypodcast

Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.

What is Real Estate Investing? Live Cashflow Conference 

https://youtu.be/QyeBbDOF4wo

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