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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.
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"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[02:35] The Ultra Penny Pincher[06:20] Retiring at the age of 28[08:12] Jumping into real estate investing[11:19] Life Before Profit First[13:32] Follow your gut[16:32] Paying yourself twice[26:45] Business as your number one investment[27:42] His advice for real estate investors[28:41] Connect with Chris MilesQuotes:[05:49] "You can make better cash flow and income with real estate even if you are on the passive side."[13:32] "Follow your gut... If something doesn't feel right, don't go for it just because you can get a lot of money."[28:08] "Just get to the point where your business is an actual business. They can operate even without you, and you can get enough passive income that you don't need it either; to me, that's the true definition of freedom."Connect with Chris:Website: https://moneyripples.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
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 room rentals[13:23] Why did Dan choose land investing?[20:32] The fear of spending money[26:07] How do you incentivize your employees?[28:53] Dan's advice to real estate investors[29:51] Connect with Dan HaberkostQuotes: [07:48] "Land is the means of making money. You can do it from anywhere."[09:28] "I'd rather focus on the active income... and just buy nice real estate."[28:55] "Get clear on your goals and pick the asset and the business that align."Connect with Dan:Website: https://danhaberkost.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
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[05:10] "I wish I would have just picked one route."[09:04] Sales and marketing in real estate investing[13:20] Learning about new construction[15:18] Difference between fix and flip and new construction[19:49] The money side of new construction[27:23] Fundamentals and People's Journey to Success[30:04] Connect with Frank IglesiasQuotes:[06:25] "I wish I'd learned more about business because real estate is just the vehicle. It sits on top of this."[08:35] "Most real estate courses don't teach business, they teach real estate. But it's a different world when you start looking at it as a vehicle."[18:04] "What I like about new construction is you're creating something. I like the creation process."Connect with Frank:Website: https://frankiglesias.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
"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:[00:44] Introducing Mark Willis[05:45] Bank on Yourself[07:47] Building up contractual wealth[09:56] What is banking?[11:55] T.G.I.F.[15:38] Averages mean nothing[20:57] Disgust in marketing[23:51] Integrating the Bank on Yourself system into Profit First approach[33:26] Connect with Mark WillisQuotes:[08:08] "Owning a property is the same as owning a policy in that they are both founded on the civilization technology known as the contract." [09:52] "It is the most profitable enterprise in all of human history is banking." [21:30] "It's impossible to convince someone of something when their salary is dependent on them not being convinced."Connect with Mark:Website: https://kickstartwithmark.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
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 down cashflow rollercoaster[06:34] The Walking Wounded[07:55] What he does before real estate[12:20] The time he started Profit First[17:03] Finding the right person[19:45] How to know if your business is healthy?[26:46] Advice for people who want to implement Profit First[29:22] Connect with Jason LavanderQuotes:[07:26] "The system works for you. It's your safeguard. It's your bumpers on the bowling alley. It's your safety net to protect you."[17:03] "As an investor, much of what I've learned is to find the right person. Put the right person in the seat."[26:50] "Ask yourself hard questions and give yourselves honest answers."Connect with Jason:Facebook: Jason LavenderTired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
"People become entrepreneurs because they want freedom, they want control. What happens is typically, the profession and the phase to get more and do more ends up controlling them."Joining us in this episode of Profit First for REI podcast is Brad Chandler and Yvonne Trost. Brad and Yvonne's passion is to help people. They created a program as an opportunity to help people make a true impact on their lives.In this episode, Brad and Yvonne dive deep into what is holding you back as a human being and as an entrepreneur. They can help you with the key aspects and first steps of getting on a better path, so keep tuned in!Key Takeaways:[00:57] Introducing Brad Chandler and Yvonne Trost[06:04] The self-worth issue[10:57] Being an entrepreneur as a trauma-response[13:34] Everything that they have is inside them[19:17] The limiting beliefs[21:12] Letting go of fear and judgment[26:00] The different money mindsets[30:00] Reason behind perfectionism[31:30] Connect with Brad Chandler and Yvonne TrostQuotes:[07:28] "It's built into us to find safety...our self-conscious mind's job is to keep us alive and safe."[13:22] "Quite often, the things that we seek outside of ourselves are the things that turn around and not give us what we intentionally wanted to begin with... everything that they have is inside them."[19:17] "You are the only person who limits you, not society, not the world, not your education, it's you. Primarily you limit yourself by self-learning beliefs that are in your head."[30:51] "Trauma isn't the actual bad thing that happens to you. The trauma is the meaning that you place on that event."Connect with Brad and Yvonne:Website: https://www.bradchandler.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
This episode of Profit First for REI podcast will give you more hope. Wherever you are now, there is a way out of it!Lindsay Sharma, a mom and wife, has been in real estate for a year, but she is doing a great job! In this episode, she tells her journey in the real estate world and the money struggles she has gone through.Listen as she shares how Profit First has helped her in this real estate journey. Enjoy the show!Key Takeaways:[00:55] Introducing Lindsay Sharma[02:30] Being a real estate investor and a parent at the same time[05:48] Money struggles [09:05] Burn out as a real estate investor[11:12] Transition from working for a real estate investor to becoming your boss[13:40] Introducing Profit First[21:01] Being strategic and proactive about finances[24:34] Her advice for people starting their real estate journey[26:46] Connect with Lindsay SharmaQuotes:[03:14] "You have to be extremely organized and efficient as a business owner and mom, so I've learned to delegate, communicate my needs, and be very organized and prepared. Always thinking one step ahead."[13:00] "Starting a business or jumping full time as a real estate investor, you wouldn't believe how fast you can spend your money on everything to operate a business."[24:40] "Be patient, and don't try to scale too quickly."Connect with Lindsay:Website: https://www.lspropertybuyers.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
"Understand what you are trying to achieve and stick with it because it's easy to get distracted."In this episode of Profit First for REI podcast, we have Kathy Fettke. She is the CEO and Co-Founder of Real Wealth Network and the host of The Real Wealth Show. Kathy is a real estate investor, licensed Realtor, and a certified coach who will give you great information into the wholesale flip-side and the passive side. She also talks about her journey into the passive side of investing. Enjoy the show!Key Takeaways:[00:52] Introducing Kathy Fettke[02:20] Start of Kathy's real estate investing journey[03:54] Her first property[06:37] Understanding the power of leverage and where to use that leverage[10:11] Over leveraged[13:06] What goes on today with Real Wealth?[15:16] Kathy's advice for first-time real estate investors[21:13] Learn and understand investment[24:04] Connect with Kathy FettkeQuotes:[02:55] "Saving the 10% in investment and 10% in emergency savings, you could blow that quickly in an emergency. I wanted to be with my family and have a passive income where money still comes in and you are not working."[08:56] "It's hard to fail when you know your stuff. It is easy to fail when you don't because that's when you trust people whom you think, do know."[15:27] "Where you start is figuring out what you need."Connect with Kathy:Website: https://realwealth.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
"If I would have implemented Profit First sooner, I would have realized the potential that the business had a lot earlier than I did..."In this episode of the Profit First for REI podcast, we have Mathew Pezon. He is a seasoned real estate investor, bilingual engineer, and businessperson. He shares his story of his leap of faith into real estate, where he is now versus where he was.Mathew also digs into what he tracks to ensure he doesn't waste his money. This episode includes KPIs, Profit First, and more cool stuff. Enjoy the show! Key Takeaways:[01:00] Introducing Mathew Pezon[02:04] What's new with Mathew?[03:43] His Profit First Journey[07:40] The transformative power of Profit First[10:46] Tracking the numbers [15:34] Mathew's advice for people who don't have fancy CRM[23:21] Mistake that he made[25:31] Asking the right questions[27:17] His advice for people starting their real estate journey[28:00] Connect with Mathew PezonQuotes:[07:11] "For me the Profit First minds, it's a mindset. It's a continuous pursuit... It's what we live every day."[11:33] "As we are putting together our financial projections in our budgeting, we budget a certain amount for direct mail. But if we are sending it to the wrong list, now we have data we can know that. That's more profit we can keep by mailing to the right list."[17:32] "I would encourage everyone to do that math so that you know if the system is right or not."Connect with Mathew:Website: https://www.pezonproperties.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
In this episode of Profit First for REI podcast, we have Alicia Jarrett. She is the co-founder at Supercharged Offers and has been in real estate for eight years.Listen as she gives you practical advice on marketing in the real estate investing world. Alicia will also teach you how to get the leads so you can make more money to keep.There's a lot of value in this episode. Listen and enjoy!Key Takeaways:[00:55] Introducing Alicia Jarrett[02:40] How she started in the real estate industry[05:59] What makes Supercharged Offers different from other marketing companies?[12:09] Best Channels for Marketing[17:30] 20% of your profit needs to go back into your business[24:27] Alicia's advice for real estate investors[26:31] Connect with Alicia JarrettQuotes:[08:06] "Marketing needs to cover all demographics, all people, all ways of doing business."[19:03] "Marketing is an investment if done right."[25:35] "To be successful in real estate investing, you've got to move past the fear of the unknown."Connect with Alicia:Website: https://superchargedoffers.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
Are you having trouble connecting with people? Do you have sellers ghosting you?Our guests for today are Jeremy Beland and Dan Toback. They will give you incredible information about connecting with people. It is one of the best episodes if you want to bring a deal in the door.Be intentional with every conversation. They give practical steps where there is one text message in this episode that you can send to your database, and you will surely get a deal.Listen and enjoy the show!Key Takeaways:[00:47] Introducing Dan Toback and Jeremy Beland[02:58] Jeremy and Dan join together to help real estate investors[06:59] Helping people in real estate investing[11:02] Heart game vs telling game[15:54] The person vs the house[21:13] Verbal commitment[26:33] The text message[30:28] Moving the pressure off of the situation[33:00] Connect with Dan and JeremyQuotes:[08:35] "It wasn't even about becoming a salesperson. It was about becoming a servant... and being able to identify and be honest with the sellers that didn't need my help."[11:02] "I think that this business, real estate investment, and serving sellers is more of a heart game and internal game versus a telling game.[17:33] "Don't make it about the numbers. As soon as you make it about the numbers, you lose because... there's no value there."Connect with Dan and Jeremy:Website: https://reifreedom.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
There are three things all investors need, and all business owners need to protect to build the company they want to build.Trevor Mauch, the CEO of Carrot, a tech entrepreneur and investor, is passionate about entrepreneurship and its impact on life, community, and prosperity. He has all the practical advice for investors and entrepreneurs.Listen as he also shares the three S's that sabotage business owners and ways to overcome this. Enjoy the show with Trevor! Key Takeaways:[00:57] Introducing Trevor Mauch[02:32] Starting his entrepreneurial journey[06:17] The hardest thing for entrepreneurs to focus on[09:30] The Entrepreneurial Freedom Formula[13:26] Different business levels and pain lines[21:06] The Business Level 5[28:19] Connect with Trevor MauchQuotes:[03:18] "When you combine those three: Your purpose and vision, with a consistent business model, it creates profits." [13:50] "Business has levels. Every single level requires you to do pretty much the same types of things. You need to delegate the right next thing."[24:18] "The purpose of business is about growth, it is about the journey. Business is the best personal growth tool that I've ever seen."Connect with Trevor:Website: https://carrot.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
Want to have a lot of practical advice on your real estate investing journey?We have Liz Faircloth on the show. She is one of the co-founders of a massive movement, 'The Invest Her' podcast. Liz started in her 20s not knowing anything about investing, or business and with no money to invest. Now, she owns and manages millions of dollars of real estate.Listen as she shares how she made this possible! Enjoy the show!Key Takeaways:[00:45] Introducing Liz Faircloth[02:30] Shift to entrepreneurial mindset[05:17] Discouragements along the journey[13:13] Liz' movement in real estate investing[16:59] The Women Multiplier Effect[18:55] Her Profit First Journey[28:42] Best lessons she learned in life[36:25] Connect with Liz FairclothQuotes:[03:29] "There are so many different ways to serve. You can help more people."[05:50] "Insanity is when you keep doing the same thing repeatedly and not getting any results."[29:10] "The more I take time for myself and get my self-care needs met... I'm just a better mom, wife, and business owner."Connect with Liz:Website: https://www.therealestateinvesther.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
Vision is essential for your business. In this episode of Profit First for REI podcast, Derek Dombeck will teach you how to create a vision for your business and your life. He will also help you make sure your business aligns with that vision.Derek is a successful investor, national speaker, and international best-selling author. He has been in the real estate business since 2003 and founded Generations of Wealth (GOW).Know more about Derek and things you should know about money. There is a lot of cool stuff and knowledge in this episode. Listen and enjoy!Key Takeaways:[00:58] Introducing Derek Dombeck[02:55] Generations of Wealth[08:04] Why real estate?[12:45] The Rule of 72[15:42] Why do people live deal to deal?[19:12] How to know what your vision is?[26:04] The Hardworker[31:01] Connect with Derek DombeckQuotes:[11:00] "I wouldn't be doing what I'm doing today if I never had that failure."[15:55] "They don't know what their result is or their end goal is because they don't have a vision."[22:44] "Once you have your vision figured out, you should share it with the world. You should start telling people because that makes it real."Connect with Derek:Website: https://gowvoyage.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
On this episode of Profit First for REI podcast, we have Brandon Richards. He has been in real estate for nine years, focusing on wholesaling and manufactured housing.He talks about the lessons he learned on his investing journey, the quickest route to success, and his semi-traditional way of real estate investing.Listen as he talks about these topics and more about wholesaling and manufactured housing. Enjoy the show!Key Takeaways:[00:54] Introducing Brandon Richards[02:50] Brandon's favorite exit strategy[05:05] Starting their real estate journey[06:50] The ups and downs of real estate[08:20] Why do lots of real investors live deal to deal?[11:49] Not the typical wholesaling[18:24] Hardest lesson as a real estate investor[23:46] The quickest route to success[25:55] Connect with Brandon RichardsQuotes:[05:28] "We knew we wanted to get into real estate, but we didn't know what it looked like."[18:33] "I had a good amount of equity. I had decent cash flow, but I chose the wrong areas. They are in tertiary markets."[24:13] "What makes real estate easier for me is having access to private money."Connect with Brandon:Website: https://www.instagram.com/fearlesspursuitoffreedom/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
"How to structure business better to create the lifestyle that I wanted?"If you have this question, we have Zach Lemaster to answer it! Zach is a seasoned real estate investor who has accumulated a large portfolio of rental properties across multiple markets.He talks about his "Rich Dad, Poor Dad" journey and doing real estate while he has another business. Listen and enjoy the show!Key Takeaways:[00:58] Introducing Zach Lemaster[02:13] Rent to Retirement[04:58] Starting his real estate journey[07:00] House Hacking[10:39] The Lens of Business Ownership[13:58] Turnkey[22:58] Building long-term relationships with people[26:35] Connect with Zach LemasterQuotes:[03:22] "I like real estate because it is tangible. You could see the results."[12:33] "The good thing about real estate investing is it can start as a side hustle, and it can always be a side hustle."[14:37] "Building true wealth is from owning real estate, maximizing tax benefits..."Connect with Zach:Website: https://www.renttoretirement.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
Do you want to know how to get into real estate in a way where you have fewer properties to obtain financial freedom?Listen as we interview Sam Wegert in this episode of Profit First for REI podcast. He talks about co-living and making more money from the properties you already have. Things like spending, keeping, and making more money, and lots of golden nuggets here. Enjoy the show!Key Takeaways:[01:05] Introducing Sam Wegert[07:57] Getting into the real estate realms[10:47] The co-living space[16:25] Squeezing cash flow out of a property more than it would normally produce[21:05] Two ways to start co-living space[25:58] Co-living space as a legitimate business[30:10] Connect with Sam WegertQuotes:[10:05] "I got to be successful, and successful people are saying real estate."[10:52] "It is [Co-living] the fastest way to achieve financial freedom for the average person in real estate today."[29:11] "If they want to scale big, they need the right systems to manage the tenants."Connect with Sam:Website: https://www.scaleyourrealestate.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
In this episode of Profit First for REI, we have Toby Mathis. He is a speaker, author, investor, and one of the founding partners of Anderson Advisers.Toby talks about the best ways to get the most from your rentals. He also gives breakdowns of processes for different mindsets and team members he had.How to become an actual real estate investor with the right mindset? Find out on this episode. Enjoy the show!Key Takeaways:[01:10] Introducing Toby Mathis[03:05] Establishing Anderson Partners[10:37] The hard part of scaling up[15:15] Why do investors live deal to deal?[24:24] Maximizing your properties[30:18] Toby's advice for first-time real estate investors[31:49] Connect with Toby MathisQuotes:[13:04] "You have to have a good team, it is non-negotiable."[18:00] "You might want to buy things that are highly profitable, generating income, and use that income to continue to buy more assets."[30:20] "Don't own things in your name."Connect with Toby:Website: https://tobymathis.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
In this episode of Profit First for REI podcast, we have Mathew Pezon. He is a real estate investor turned business owner and owns hundreds of units.Mathew tells his story from having to live deal-to-deal to now having over a year's worth of cash reserves in the bank. He also shares how the whole process of mental shift helped him on his journey. You have a lot of stories and knowledge to learn from Mathew. Listen and enjoy the show!Key Takeaways:[00:59] Introducing Mathew Pezon[03:18] How he got into real estate investing[08:45] His first investment[12:53] Importance of a system to manage finances[21:30] Plans for the next ten years[23:49] The mental shift[26:55] Mathew's advice for investors living deal to deal[33:00] Connect with Mathew PezonQuotes:[08:26] "Make sure that you are going for a purpose at the end of the day."[12:59] "Before when I was a solopreneur, I was very familiar with all the details but it wasn't scalable because everything was in my head."[27:00] "Slow down and be intentional about what they want and why."Connect with Mathew:Website: https://pezonproperties.com/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
"Provide good value. If you do that, you will find success."In this Profit First for REI podcast episode, we interviewed Bob McIntosh. He is an expert in the marketing space, particularly in online marketing.Know more about marketing, internet marketing space, and providing value to find success. If you have trouble making money, this episode is for you!Enjoy the show!Key Takeaways:[00:49] Introducing Bob McIntosh[01:58] Why Marketing?[03:37] Internet marketing then and now[09:30] Are you utilizing all available tools to their top performance?[11:04] More time than money, more money than time[16:01] Bob's advice for those starting in their real estate journey[22:37] Connect with Bob McIntoshQuotes:[06:03] "If I look across time, the thing that always works the best just provides good value... if you do that, regardless of what changes in the technology went today, you will gonna find success."[11:05] "Every single form of marketing requires one of two things and sometimes both, either time or money. Sometimes it takes both."[14:55] "If you find something that works, just dial up the volume until it doesn't work anymore."Connect with Bob:Website: https://go3dc.com/bobmcintosh/ Tired of living deal to deal? If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
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