How to Turn your Business into a Money Printer | Money Management in Real Estate with David Richter

Disruptors

Steve Trang

Business, Investing, Careers

5 • 741 Ratings

🗓️ 18 February 2022

⏱️ 88 minutes

🔗️ Recording | iTunes | RSS

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Summary

David Richter, Author of “Profit First for Real Estate,” Discusses How to Close Over 850 Deals and Remain Profitable.

Video replay of my interview with David Richter sharing about Money Management in Real Estate

HOW TO TURN YOUR BUSINESS INTO A MONEY PRINTER | MONEY MANAGEMENT IN REAL ESTATE WITH DAVID RICHTER

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More about David Richter sharing about Money Management in Real Estate

David Richter 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.

He wrote Profit First for Real Estate Investors.

Transcript

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0:00.0	Hey, everybody. Thank you for joining us for today's episode of Real Estate Disruptors.
0:07.7	Today we have David Richter with Simple CFO Solutions, and you flew from St. Cloud, Florida.
0:12.3	Talk about why most investors aren't profitable and how to turn your business into a money printer.
0:18.1	If this is your first time tuning in, I'm Steve Train sales trainer, and every month, we help hundreds of people buy more houses at deeper margins.
0:24.3	If you want more info about that, DM me the word sales on Instagram.
0:28.2	And I am going to mention to create 100 millionaires.
0:30.1	And the information on this podcast alone is enough to help you become a millionaire in the
0:33.9	next five set, five to seven years.
0:36.0	If you'll take consistent action i promise you
0:37.7	will become one and the show is brought to your buyer company investor lift so get access to over
0:41.4	two million cash buyers across the country go to investor lift dot com and put in disruptors to get 10
0:45.6	percent off and if you get value today please tag it from below share this episode right now that
0:50.0	way we can all grow together and the show is live live every Wednesday at 2 p.m. Arizona time.
0:55.0	We are hiring and please check us out on our new Discord. Ready? I'm ready. All right. Cool.
1:01.8	So first question is, what got you into real estate? Well, I think it was like a lot of real estate
1:08.6	investors. A good friend of mine in college gave me the book, Rich Dad, Poor Dad.
1:12.8	So I read that book, and it was just like a totally different way of thinking because up
1:16.8	until then, you know, my dad had just had normal jobs and, you know, hadn't even thought
1:20.7	about being an entrepreneur or buying real estate.
1:23.1	And that book definitely unlocked a lot of that mindset for me.
1:26.6	Yeah, it's crazy crazy how many people like that
1:28.9	it was the book it was for me too yeah um when was this let's see 2011 2011 so this is college yeah
	...

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