Manage episode 328104505 series 2976899
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. This book is a derivative of the original Profit First by Mike Michalowicz that is tailored specifically for Real Estate Investors.
His goal is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances. He wants to bring investors true financial clarity and freedom, and help every investor stop living deal to deal.
>> 01:38 What is a fractional CFO?
>> 05:29 How are fractional CFOs paid?
>> 06:55 How he wrote his book “Profit First for Real Estate Investing”
>> 10:36 Licensing Mike Michalowicz’s “Profit First”
>> 11:23 Goals for the book
>> 14:46 Biggest growth strategy for his business
>> 16:02 Biggest challenge he’s facing in his business
>> 18:20 Something he wish he knew before becoming an entrepreneur
Where to Find David Richter
- Instagram: simplecfosolutions
- LinkedIn: David Richter
- Youtube: Profit First REI
- Facebook: Simple CFO Solutions
- Amazon: Profit First for Real Estate Investing
This episode is sponsored by Entire Productions- Creating events (both in-person and virtual) that don't suck! and Entire Productions Marketing- carefully curated premium gifting and branded promo items.
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