The Money Game of Real Estate with David Richter

Navigating the world of real estate can be tricky, especially when it comes to the financial aspect. How can you play the money game of real estate and always come out on the winning side?

David Richter is the author of Profit First for Real Estate Investing. His goal in life is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances and – bring them true financial clarity and freedom.

In this episode, David shares how you can stay in the long term money game of real estate investing with the Profit First policy.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you will learn from this episode for 28 minutes:

• Master the Profit First concept and consistently come out on on the winning end
• Prioritize your profits today and play a long term game in real estate investing
• Learn how to implement the Profit First mindset

Resources:

• See what David is doing and chat with him: Click here: https://simplecfo.com/about/

Topics Covered:

03:07 - Profit First concept for real estate investors

08:05 - Profit First's rule of the game

10:39 - Learning how to play the game of Profit First even with all the mounting expenses

15:07 - Implementing the profit first mindset

20:12 - What the whole picture looks like reaching your goals using the Profit First method

24:24 - Understanding Profit First around cash and make the most of it

Key Takeaways:

"That's where I feel like 'Profit First' said, here's the game you're actually playing. Here's the rules and then here's how to play the game and here's a system that we can set up." - David Richter

"This is the rule if you want to win: sales minus profit equals expenses." - David Richter

"The real money game is not the real estate you're doing, it's how you're handling behind the scenes what's happening when money gets into your hand." - David Richter

Connect with David Richter:

• Website: https://simplecfo.com/about/

Connect with Dave Dubeau:

• Podcast: http://www.propertyprofitspodcast.com/
• Website: https://davedubeau.com/home
• Investor Attraction Workshop: http://www.investorattractionworkshop.com/
• Facebook: https://www.facebook.com/thedavedubeau
• LinkedIn: http://linkedin.com/in/davedubeau