Episode 79: Profit First for Real Estate Investors w/ David Richter

Cash flow is like the heartbeat of your business and needs to be monitored. Real estate investors should manage and ensure cash flow and profitability correctly to be successful. Join JD and Melissa with their guest David Richter as they talk about the ‘Profit First’ strategy - a system in which business owners take a percentage from each sale as profit. David has a proven solution that will ensure you never have to worry about money again! Stay tuned!

 

Here’s what to expect on the podcast:

• How did David find his 'lightbulb moment' with business finance?
• What is the Profit First concept?  Sales – Profit = Expenses.
• Why cash management is key to business success?
• Why it's vital to review the progress of your business? - Think about longer-term and more strategic planning!
• The importance of knowing your numbers in your business. Are your numbers up to date?
• Practical steps that you're taking your profit first - specific bank accounts designated for your profitability!
• And much more!

 

About David Richter:

David Richter is an active real estate investor who has closed over 850 deals and is the founder of Simple CFO Solutions, LLC.

 

He helps other investors to keep the profits they’ve earned, build cash reserves, and achieve true financial freedom.

 

His goal in life is to completely transform the Real Estate Investing industry by bringing true financial clarity and freedom to investors.

 

Connect with David!

Websites: https://simplecfosolutions.com/profit-first-david-richter/

https://cfosolutions.com/

Facebook: https://www.facebook.com/thesimplecfo/

Instagram: https://www.instagram.com/simplecfosolutions/

LinkedIn: https://www.linkedin.com/company/simple-cfo-solutions/

Twitter: https://twitter.com/CFOSOLUTIONS

 

Connect with JD and Melissa!

Website: https://therealestatejam.com/ 

Facebook: https://www.facebook.com/therealestatejam/ 

Instagram: https://www.instagram.com/therealestatejam/ 

YouTube: https://www.youtube.com/channel/UCa_CWAV1OvH81yp6fITB4lg

Shorefront Investments: https://shorefront-investments.com/ 

Email: therealestatejam@gmail.com