JF2943: Common Financial Pitfalls Investors Overlook ft. David Richter

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 25 September 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

David Richter has 10 years of real estate experience with a background in acquisitions, disposition, property management, transaction coordination, marketing, and CFO. Through that experience, he realized he wanted to help real estate investors learn how to take control of their finances. After reading Profit First by Mike Michalowicz, he knew he had the perfect framework to help real estate entrepreneurs manage the cash in their businesses. Today, David is the owner and founder of Simple CFO Solutions, which matches real estate investors with a fractional CFO to grow their bottom line profit and decrease financial stress. He is also the author of Profit First for Real Estate Investing. In this episode, he discusses common financial pitfalls he sees real estate investors experience, why he recommends entrepreneurs set up at least four bank accounts to manage their finances, and the services he offers real estate professionals through Simple CFO Solutions and the Profit First System. David Richter | Real Estate Background Owner and founder of Simple CFO Solutions, which matches real estate investors with a fractional CFO to grow their bottom line profit and decrease financial stress. 10 years of real estate experience, including acquisitions, dispositions, property management, transaction coordination, marketing, and CFO. Author of Profit First for Real Estate Investing Based in: St. Cloud, FL Say hi to him at: simplecfo.com Facebook Instagram LinkedIn Greatest Lesson: Make sure to make profit a habit in your business and pay yourself first. Join the newsletter for the expert tips & investing content. Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: Cornell Capital Holdings | PassiveInvesting.com | DLP Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
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1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for
1:09.0	informational purposes only and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action.
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1:22.0	They just see, do I have money to spend on this thing that just came up?
1:26.3	So we tell people that's one of the biggest things that can help you right away is to section
1:31.1	off bank accounts specifically for you and for your business for what matters to you.
1:36.4	Welcome to the best ever show, the world's longest running daily commercial real estate
1:41.1	podcast. Our hosts interview commercial real estate podcast. Our hosts interview commercial real estate
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1:48.9	Best several listeners, how you doing? Welcome to the best real estate and best
1:51.9	advice ever show.
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