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Profit First for Real Estate Investors
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Profit First for Real Estate Investors

Author: David Richter

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You’re a real estate investor who is passionate about real estate and making a difference in your community. You’re a hard worker and you love the freedom that comes with being your own boss and owning your own business. You started this business because you wanted more time and money in your life, but financial freedom seems to always be on the other side of that “next” deal. Like most real estate business owners, you are broke and have no control over your finances, and it’s hard to admit it. You know how to make a lot of money, and you keep working harder and harder, but have little to nothing in your bank accounts to show for it. You give the keys to your finances to some bookkeeper or accountant that you “hope” will fix all the problems, yet the problem seems to get worse. You often feel like a rat in a maze, sometimes living from deal to deal, hoping to work your way out debt. This leads to feelings of stress and overwhelm because you aren’t paying yourself enough and you’re just one bad deal away from going out of business. It’s time to stop living paycheck to paycheck and start actually keeping more of the money you work so hard to make! To have less stress, less confusion, to sleep better at night, and have a healthy, profitable business that enables you to have more time with your friends and family, not less. It’s time to start putting more actual profit in your pockets and know what you can spend on yourself, your family, and on growing your business. The key to this future is to put profit first and have a system for your cash flow that is dependable and reliable. Cash is not king, cash management is king.When you control your cash, you control your business. And when you control your business, you’ll have more profit and more time to do more of what you love. You got into this business to achieve true time and money freedom in your life and I’m here to show you, that with the right systems in place, you can have all of those things…and so much more. We’re the Profit First for Real Estate Investors Podcast, where we put profit first because it changes the way we live our lives, build our businesses, and pursue the things that matter the most. Our mission is to make money “one less thing” you worry about by empowering you with the tips, tactics, and strategies you need to finally take control of your finances…and of your life. Join us each week on the Podcast as we speak with real estate investors from around the country who put profit before expenses, value substance over status, and place the health of their business above growing their egos. In each episode, real estate investors from across the country will share how they’ve completely changed their business by implementing Profit First. You’ll hear how these battle hardened real estate investors were able to completely turn around and revolutionize their businesses, and in many cases, their lives, and learn from their mistakes and failures...so you can avoid doing the same things in your own business. We focus on the journey to greater profitability and cash in your pocket without becoming a financial wizard or needing to close more deals. Earning more money and keeping more of what you earn is the only true path to freedom. You don’t need to do more deals to keep more money, you just need to take your profit first. Welcome to the Profit First for Real Estate Investors Podcast.
241 Episodes
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There are 15 reasons to love about borrowing private money over traditional money. One of them is making your own rules for your private money.In this episode of Profit First for REI podcast, Jay Conner, a nationally renowned real estate investor and the king of private money. He talks about how private money works.Jay helps you get your money from private lenders and will share with you the mindset that will get you money in the door without you ever having to worry about it. Listen and...
"People must not just be successful financially but become a thriver in life."In this episode of Profit First for REI podcast, we interviewed Greg Slaughter. He is a real estate investor with a massive portfolio, especially in residential real estate.Greg talks about his real estate investing journey, through emotional ups and downs. He also shared how he lost everything back in 2008 and how he recovered and went to the best time of his life.He will ensure that you will be a great business ow...
In this episode of Profit First for REI podcast, we are sitting down with Jennifer Steward of REI Data Source, to unveil the secret weapon you've been missing: authenticity. Jen will crack the code on how to project a winning image that seals the deal…But wait, there's more! Learn the top revenue activities every entrepreneur should master and discover the power of consistent strategies to solve your REI problems.This episode is your blueprint to a thriving virtual business. Don't miss o...
In this episode of Profit First for REI podcast, we have Amanda Webster. She is a business funding educator, credit expert, leadership consultant, and speaker. She is also the Chief Operating Officer of Fund&Grow.Amanda talks about her relationship with her CEO, things about purchasing properties or building your business credit and making sure that you are not just always spending your own money. This episode is for you! Enjoy the show!Key Takeaways:[00:56] Introducing Amanda Webster[02:...
In this episode of the Profit First for REI podcast, we have Shauna, the Tax Goddess. Shauna is a highly sought-after Tax Strategist who helps successful business owners, entrepreneurs, and high-wage earners reduce their tax burden.If you need practical advice on keeping more money in your pocket and not paying too much tax, Shauna has a wealth of knowledge! In this episode, she shares ways to save money on taxes and more ways to increase your profitability. Enjoy the show!Key Takeaways:...
Know other people's stories. It is Scot Poirier's striking advice for investors on their first deal.In this episode of the Profit First for REI podcast, Scot, a successful real estate investor and coach, gives you practical advice on investing in real estate and how to get a seller to open up.He also shares his story of his first deal and the challenges he overcame in his journey. Listen to have the right motivation and hope to pursue your real estate investing journey. Enjoy the show! Key Ta...
Joining us in this episode of Profit First for REI podcast is Chris Johnsen. He is a lawyer in the real estate space and worked primarily for commercial real estate.In this episode, Chris talks about the common pitfalls people go through in real estate and when you need a lawyer in your business.Listen as he explains why you should hire a lawyer for your business contracts. Enjoy the show!Key Takeaways:[01:03] Introducing Chris Johnsen[04:34] Getting into a specific niche as a lawyer[09:03] E...
"I'm okay with sacrificing now for a greater future." In this episode of the Profit First for REI podcast, we have Martine Richardson. She has been a real estate investor for about ten years, from being a full-time employee with no money and no time freedom.Martine shares practical steps on getting out of the rat race and her experiences on her real estate journey. Listen and enjoy the show!Key Takeaways:[00:50] Introducing Martine Richardson[02:40] Before entering the real estate space[...
Profit First helped a lot of investors. One of them is Trey Nixon, our guest for today's episode. Trey is a real estate investor, business owner, and successful entrepreneur. He implemented Profit First in his business and became successful in real estate.In this episode, he will share how Profit First transformed his life. He will give you hope about this method and how it works. Enjoy the show!Key Takeaways:[00:57] Introducing Trey Nixon[02:18] Life Before Profit First[06:10] Marathon ...
In this Profit First for REI podcast episode, we feature The Investor Couple Mel and Dave! Today, we have Dave as our guest, and he shares incredible things about real estate investing.Dave Dupuis of the Investor Mel & Dave are innovative real estate investors and award-winning mentors who have acquired over 240 apartments in just a few short years in Canada, the US, Mexico, and Costa Rica. He will tell about his real estate investing journey, how they creatively buy a deal and some of th...
In this Profit First for REI podcast episode, we have Aaron Letzeiser. He is the co-founder and Chief Operating Officer of Obie, an insurance brokerage designed for the unique risks of homeowners and investors.Aaron gives you practical steps and things to do to lower your insurance rates and more about insurance in this episode, but he will surely make this boring topic more exciting. Enjoy the show!Key Takeaways:[01:04] Introducing Aaron Letzeiser[06:13] Insurance black holes[08:15] How Obie...
To start your real estate journey, get a good financial team who are experts in real estate. That is Joe Viery's advice in this episode of Profit First for REI podcast.Joe is a cost segregation professional (CSP) and the CEO of US Tax Advisors Group. He has helped property owners keep a lot of money in their pockets by eliminating millions of dollars in income taxes. In this episode, he talks about cost segregation, a strategy you must know when you want to buy an old property. More of t...
In this episode of Profit First for REI podcast, we interviewed Maura McGraw. She is a marine veteran, a mother, and an active real estate investor.Being a marine veteran, she talks about what she learned in the military and how it helped her in real estate investing. She also shares her Profit First journey from where she came from.You will learn a lot of practical advice in this episode, so listen and enjoy the show!Key Takeaways:[01:03] Introducing Maura McGraw[03:13] What she learned in t...
"Even if you are still working a day job, you can still do this on the side and should do this on the side until you have a pipeline."In this episode of Profit First for REI podcast, we interviewed David Randolph. He is a real estate investor best known for his highly profitable success in the Short Sales arena. He has one of the best systems that gets people real results. Now, he wants to share it with you! Listen as you will learn great lessons: ways of buying properties, getting ...
"The biggest piece of advice I'd give people of what I learned from that is, nobody is going to manage your money but you." In this episode of Profit First for REI podcast, we have Bill Allen. He is a real estate investor and the owner of 7 Figure Flipping. He and his team currently flip and wholesale 200+ deals every year.Bill shares his advice on how to become a better wholesaler and flipper. He talks about his journey in the real estate world, some of the biggest roadblocks he encoun...
"Get profitable and pay yourself first."If you want to become smarter financially and know where your money is going, we have a perfect guest! In this episode of Profit First for REI podcast, we have Chris Miles. Listen as he talks about the thought process of people around money. He also shares some tips on how you can pay yourself twice in your business and utilize passive income in your business to get the freedom you want. Enjoy the show!Key Takeaways:[00:45] Introducing Chris Miles[...
In this episode of Profit First for REI podcast, we are joined by Dan Haberkost. He is a real estate investor focusing on new development, land investing, and consulting.Dan talks about marketing and the fears he had about spending money on it. He also talks about incentivizing employees and the expectations he sets for them. Listen and enjoy!Key Takeaways:[00:41] Introducing Dan Haberkost[01:55] The Big Picture Blueprint[02:34] How did you land on land?[07:27] Land Investing[09:59] Room by r...
In this episode of Profit First for REI podcast, we have Frank Iglesias. He is a real estate investor who tells several deep things about his real estate journey.Frank is well-versed in many areas of real estate. He talks about the right coach in his life that helped turn him around, the right timing, and books that helped him. Listen to this episode if you want to become a good business owner. Enjoy the show!Key Takeaways:[00:46] Introducing Frank Iglesias[01:53] How he got into real estate[...
"I love verbs more than nouns when it comes to money. I don't care what you call my money."For today's episode, we have Mark Willis. He is a certified financial planner and a real estate investor who works with people from 50 states and around the world to help them build real wealth outside of Wall Street.In this episode, he talks about the more efficient way to manage your money and how to build wealth in ways that you can control and understand. Listen and enjoy the show!Key Takeaways:[00:...
In this episode of Profit First for REI podcast, we have Jason Lavander. He has been an entrepreneur since 2016, flipping houses, building a team, learning the process, and getting coaching and training.He shares about his journey of Profit First and what he is then versus now. He also talks about the evolution of an investor.Listen because it will help and give you hope in your real estate investing journey. Enjoy the show!Key Takeaways:[00:53] Introducing Jason Lavander[03:12] The up and do...
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Comments (1)

Emilia Gray

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May 3rd
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