WIP 1880: How to Stop Making Money and Start Keeping Money in Your Wholesaling Business
Description
If you’re doing deals but still feel broke, this episode is your wake-up call. CFO and Profit First for Real Estate Investing author David Richter breaks down the exact system hundreds of investors use to finally keep their money, build stability, retire their W-2, and stop living deal to deal. Hosted by Brent Bowers of Wholesaling Inc, this episode gives you the simplest way to set up Profit First—even if you’re brand new, working a 9–5, or doing your first deal.
Learn how to structure your bank accounts, protect your profit, cut unnecessary expenses, and build long-term financial freedom without needing to scale to 100 deals. For more land opportunities, join The Landsharks Program.
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Show notes:
- (0:40 ) Beginning of today’s episode
- (2:00 ) The three numbers every investor must know
- (6:00 ) David’s story
- (10:10 ) The envelope method
- (11:32 ) Opening 2 accounts in OPEX
- (17:33 ) Implementing the Profit First System
- (29:09 ) Creating a fun account
- (35:00 ) What’s working on today’s market
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Resources:
- Profit First Real Estate Investing
- The Secret Life of Real Estate
- Quickbooks
- Simple CFO
- Rich Dad Poor Dad
- OPEX
- Mailchimp
- Active Campaign
- Pydrive
- Land Sharks Data
- Talk to People
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.
Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.
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