You Don’t Need More Deals... You Need THIS - David Richter
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 21 May 2025
⏱️ 62 minutes
🧾️ Download transcript
Summary
You’re flipping dozens of houses, making hundreds of thousands or even millions, but somehow, you still feel broke. Why?
In this episode, Ryan Pineda sits down with David Richter, co-author of Profit First for Real Estate Investing and founder of Simple CFO, to break down the REAL reason investors are always cash-poor even when they’re making big profits on paper.
They dive deep into:
- The biggest cash management mistakes real estate investors make
- How to stop running your business like an accidental nonprofit
- The exact system from Profit First that creates clarity and control
- What Ryan learned after nearly going broke with 70+ flips in progress
Learn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.com/
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Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://tentmakers.us/
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | Why are real estate investors always cash poor? |
| 0:02.8 | I remember I had, I don't know, 800 grand in the bank. |
| 0:06.4 | But I know that I have 30 properties on the market and, you know, they're going to sell and I'll make money, right? |
| 0:11.1 | So it was never a problem until it was. |
| 0:14.6 | Number one thing we hear is I make money but feel broke. |
| 0:17.1 | A lot of people are like running an accidental nonprofit. |
| 0:20.0 | Like they are really literally going out |
| 0:22.1 | of business themselves and they should be, you know, giving money. |
| 0:26.1 | What's up, wealth builders? Today we're going to talk about how you can put more cash in your |
| 0:30.1 | pocket. Have you ever thought about, man, I'm making all this revenue, but I don't know where |
| 0:33.4 | all the money's at. Well, there was a book written called Profit First that explained why that |
| 0:37.6 | happens and how to start tracking your cash better, managing your money and everything else. |
| 0:42.0 | And this guy that I have today is actually the co-author of Profit First for real estate investors. |
| 0:48.2 | I've got David Richter. What's up, man? |
| 0:49.8 | What's up, Brian? Thanks for having me. |
| 0:51.1 | Yeah, happy to have you here, man. So, dude, why are real estate investors |
| 0:55.6 | always cash poor? I always call them broke, which isn't probably the right term, but like, |
| 1:00.6 | they're always cash for. Yeah, they are. I think, oh man, that's a loaded question right out of the |
| 1:05.6 | gate. I think a lot of them have the mindset, the root issue is that more deals solves all the problems. |
| 1:12.6 | That's what we were. |
| 1:13.6 | Like I was part of a company where we were doing 25 deals a month, but spending 26 worth out the door. |
| 1:18.6 | And that doesn't work very well. |
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