EP43: Implementing “Profit First” For Real Estate Investors with David Richter

Having someone who reports financial performance, prepares budgets, and monitors costs improve profit margins significantly. Dive in with our guest David Richter as he explains a system that could help automate and maximize investor’s profit. Key takeaways to listen for Analogy on Chief Financial Officer (CFO) Chief Operating Officer (COO) vs Chief Financial Officer (CFO) Profit First fractional Basic fundamentals of knowing the financial side of a business Finding active investors Profit First Overview: 3 Steps for a quick start at Profit First About  David Richter David Richter is an active real estate investor for 10 years who has been essential in closing over 850 deals which include wholesale, turnkey, BRRR, owner finance, rentals, lease options, and any other exit strategy you can think of. With the unique opportunity of being in every seat as a real estate investor, he found a calling to the company’s finance seat to help them see where their money was really going. David has helped real estate companies completely turn around from going out of business to building cash reserves through his profit advising company Simple CFO Solutions, LLC. He is the author of Profit First for Real Estate Investing. Connect with David Website: Simple CFO Solutions Podcast: Profit First for Real Estate Investors Facebook Group: Profit First For Real Estate Investors   Connect with Us To learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to [email protected].  Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/. To join Javier’s Mastermind, go to https://javierhinojo.com/mastermind/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form. Follow Me on Social Media