David Richter is the Founder of Simple CFO Solutions and the author of Profit First for Real Estate Investing. David loves real estate because of the freedom it allows him, and he wrote a book to help young real estate investors get their financial books in order so that they’re not stressed out when finding their next deal. It can be very easy to go from deal to deal and not actually keep anything for yourself and be put in a toxic cycle of feast or famine. In this week’s episode, David shares how you can be a savvy investor who’s in it for longevity.

 

Key Takeaways

• A little bit about David and his work in real estate.

• How should you get started in real estate?

• David shares how he first got started in real estate and got his first deal.

• Why did David choose real estate?

• It can be easy to fall into a cycle of paycheck to paycheck with real estate deals.

• Remember, you find your first deal in your own backyard.

• You have to focus on one thing if you want to get the most out of your ROI.

• If you try to focus on more than one thing, your business will blow up.

• Let’s talk about David’s book!

• Why did David write this book?

• David’s book is to help new investors get their financial ducks in a row so that tax time isn’t stressful for them.

• You can build good money habits from your first deal!

• Make profit a habit!

 

Resources

REIDealFinders.club

Simplecfosolutions.com

Profit First for Real Estate Investing: Transform Your Real Estate Investing Business from a Cash-Eating Monster to a Money-Making Machine, by David Richter

David on LinkedIn

 

Tools We Use Every Day in Our Business

Google Voice — Get a number.

Propstream.com — Data and list pulling.

LessAnnoyingVIP.com — CRM for keeping up with sellers or buyers.

SmarterContact — Text blasting service.

DealMachineVIP.com — Driving for Dollars App.

BatchSkipTracing — Find phone numbers to call. Use Promo — SKIP.

DirectMailVIP.com — Ryan Dixon is our mail coach. [email protected] — Let Ryan know you are from REI Live Columbia and he will be your mail coach.

CarrotVIP.com — Best way to build a site fast. Use this link for info.

LetsGoOffer.com — Easiest way to find your Max allowable offer.

REILiveCRM.com — The CRM that we use to track marketing and sellers.