When Your Expenses Are High But Your Profit Is Genius - David Richter | 1328 Epic Real Estate Investing podcast

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When Your Expenses Are High But Your Profit Is Genius - David Richter | 1328

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David Richter discusses the Profit First system for real estate investors, which helps them manage their cash flow and increase profitability. The system involves setting up different bank accounts to allocate funds for specific purposes, such as profit, taxes, and operating expenses. By automating the process and implementing good money habits, investors can avoid the cash flow roller coaster and have more control over their finances. Richter emphasizes the importance of having a CFO or financial advisor to provide guidance and help make informed decisions based on the numbers. He also highlights the need for a strong financial foundation and mindset of coachability and teachability to achieve success.

P.S. Whenever you're ready to go deeper and further with your real estate investing, looking into my partner program to help you get your first deal might be the move... take the first step here for free 👉 https://epicearnwhileyoulearn.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

… continue reading

1425 episoder

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When Your Expenses Are High But Your Profit Is Genius - David Richter | 1328

Epic Real Estate Investing

1,237 subscribers

published 1M ago

Dela

MP3•Episod hem

Innehåll tillhandahållet av Matt Theriault. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Matt Theriault eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

David Richter discusses the Profit First system for real estate investors, which helps them manage their cash flow and increase profitability. The system involves setting up different bank accounts to allocate funds for specific purposes, such as profit, taxes, and operating expenses. By automating the process and implementing good money habits, investors can avoid the cash flow roller coaster and have more control over their finances. Richter emphasizes the importance of having a CFO or financial advisor to provide guidance and help make informed decisions based on the numbers. He also highlights the need for a strong financial foundation and mindset of coachability and teachability to achieve success.

P.S. Whenever you're ready to go deeper and further with your real estate investing, looking into my partner program to help you get your first deal might be the move... take the first step here for free 👉 https://epicearnwhileyoulearn.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

… continue reading

1425 episoder

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