Ep 86: How to Achieve Real Estate Profitability with David Richter
Are you making money in real estate, but still feeling broke? In today's episode of the On Purpose Investor Podcast, we explore real estate financial management with David Richter, founder of Simple CFO Solutions and an investor with over 850 deals closed.
David Richter, a leading figure in real estate finance, shares his insights on overcoming the common pitfall of feeling broke despite financial success in real estate. He emphasizes the importance of financial literacy and dives deep into strategies for informed decision-making.
About our Guest:
David Richter is an active real estate investor who has been essential in closing over 850 deals. David's main squeeze is helping real estate companies turn around from going out of business to building cash reserves through his profit advising company, Simple CFO Solutions. He is also the bestselling author of Profit First for Real Estate Investing.
Key Takeaways from this Episode:
- Financial Literacy Made Easy: Master key financial statements (profit & loss, balance sheet) for informed real estate decisions, even without an accounting background.
- Profit Like a Pro: Learn David Richter's Profit First approach from his book "Profit First for Real Estate Investing." Discover how to manage finances effectively and align your business goals with building personal wealth.
- Conquer Financial Struggles: Break the stigma and explore the power of a part-time CFO. Gain strategic financial guidance and achieve real estate business profitability.
This episode is a must-listen for real estate investors of all experience levels seeking financial clarity, profitability, and overall business growth.
Be sure to visit cashflowwithjoe.com to read Joe English's insightful articles. If you need personalized financial guidance, connect with David's team at Simple CFO Solutions. David's book, "Profit First for Real Estate Investing," is also a great resource and you can get a free ebook and audiobook by visiting simplecfo.com/gift.
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Visit www.onpurposeinvestor.com/levelup to learn more about our monthly membership program that gives you immediate access to everything OPI has to offer.
Subscribe to our channel for more financial tips and investment advice to help you make the most of your entrepreneurial journey. Don't miss this opportunity to broaden your financial horizons!
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Purchase your copy of “The Pathfinder's Journey: The Key to Your Dream Life Through Real Estate Investing” at www.onpurposeinvestor.com/books
About Us:
Eric and Tiffany Vogel are real estate investors and founders of www.onpurposeinvestor.com. Four years ago, they began their real estate investment journey together after just one year of dating – before they even got married! They bought their first property with an FHA loan and zero equity. Each of them has a unique set of strengths that they bring to their partnership.
Join us each week for another episode full of tips, tricks, and methods to achieve financial success and stability.
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Eric's Email: eric@onpurposeinvestor.com
Tiffany's Email: tiffany@onpurposeinvestor.com
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