Profit First for Real Estate Investors with David Richter

"You need to continue to get better because the market changes, people change, and all that stuff."

In this episode of Profit First for REI Podcast, we have Jeremy Beland. He is a real estate investor and a client of Simple CFO, who has acquired 400+ off-market properties since 2017.

Listen as he talks about how he got into real estate, what kept him in real estate, achieving REI freedom, and getting the right people in place. Listen and enjoy the show!

Key Takeaways:

[00:58] Introducing Jeremy Beland
[02:29] How he got into real estate
[07:10] Importance of self-development and education
[11:32] Jeremy starts wholesaling
[13:01] Helping other people through REI freedom
[19:20] Life look like before Profit First
[25:07] Time is more valuable than money
[29:03] Connect with Jeremy Beland

Quotes:

[06:44] "It wasn't easy. I made a lot of mistakes, but I knew it was the way to go because I've wanted to be in control of my own destiny."
[21:43] "As you grow, you got to build the team... hustling is just a season."
[25:07] "There's nothing more valuable than time."

Connect with 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

"I want to talk. I love doing deals and real estate as the vehicle. I love creating value and solving problems."

We have Anthony Coffey for this week's episode of Profit First for the REI podcast. He had a lot of great insights from being in the real estate world for over ten years.

In this episode, he shared tips on how he built his business and what it takes for him to be successful in the real estate game.

Listen and enjoy the show!

Key Takeaways:

[00:47] Introducing Anthony Coffey
[02:43] Burning the boat to real estate
[07:35] Hardest thing he encountered in real estate
[11:19] Before and after Profit First
[18:00] Know, Like, and Trust
[26:00] His advice for first-time investors
[27:44] Connect with Anthony Coffey

Quotes:

[07:47] "Managing the people is by far the hardest... you just never know how another person is thinking or feeling."
[11:55] "Managing the debt is like a game in general."
[18:02] "They have to know you, like you, and trust you."

Connect with Anthony:

Website: [email protected]

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 Jen Josey. She is a great real estate investor and helped people grow their businesses.

She talks a lot about how she was successful in buying into one of those courses that cost a lot and how she got up and running.

Let's talk more about money mindset, short-term rentals, and translation of numbers in business. She will also share what are the things that helped her get to where she is right now. Enjoy the show!

Key Takeaways:

[01:09] Introducing Jen Josey
[03:17] How she started on her real estate investing journey
[07:19] Jen's first property and first project
[13:40] Finding out Profit First
[17:38] Focusing on short-term rentals
[23:00] Make sure short-term rental works as a long-term rental
[28:29] Jen's advice
[32:12] Connect with Jen Josey

Quotes:

[06:50] "Surrounding yourself with the right people also was a huge benefit as well."
[22:52] "Do not buy anything unless it works as a long-term rental because, in this market, you never know if they are going to oust AirBnB."
[29:01] "Don't be afraid of paying for coach."

Connect with Jen:

Website: https://www.therealjenjosey.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 don't want to be a slave to a salary or wage. I don't want to be trapped. I want to be free from all of that."

In this episode of Profit First for REI podcast, we have Tom Zeeb. He is an author, national speaker, trainer, and real estate entrepreneur who once wanted to break free from his 9-to-5 job.

From having six figures in debt, Tom now works with other real estate investors to achieve their goal of financial freedom by getting their businesses built correctly.

Listen as we share how to do profitable deals. Enjoy the show!

Key Takeaways:

[01:04] Introducing Tom Zeeb
[02:45] Living beyond his means
[09:26] Having a network of people in his journey
[12:19] Tom's first successful deal
[19:49] Being financially and budget-conscious
[25:03] The multi-exit strategy approach
[31:28] Connect with Tom Zeeb

Quotes:

[07:40] "I should have found a mentor or at least found a system of how-to that I can follow and make things happen."
[12:30] "The first deal is awesome... but the second deal is more important."
[21:19] "Everyone thinks they are planning ahead but their action just living moment to moment, day to day."

Connect with Tom:

Website: https://www.tomzeeb.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 a lot of things you could do if you have money, but what to do if you don't have money?

No worries! In this episode of Profit First for REI podcast, we have Brandon Bateman. He is an expert marketer and has done many things in real estate.

He is also an expert in trial and error and goes over the frameworks of inbound-outbound marketing. Listen as he shares how important the numbers are in your business and what most real estate investors struggle with.

Enjoy the show!

Key Takeaways:

[01:00] Introducing Brandon Bateman
[05:10] What does the CFO do?
[07:27] PPC, SMM, SEO
[12:24] Inbound-Outbound Marketing
[19:15] What inspires Brandon to do marketing
[24:27] Brandon's book recommendation
[29:06] Connect with Brandon Bateman

Quotes:

[05:15] "What we do is we help investors find success with their online marketing."
[12:38] "You could put all marketing channels on a scale from inbound to outbound."
[15:01] "If you are just starting up, I think the question you have to ask yourself is, 'What do I have a lot of, and what do I have very little of?'"

Connect with Brandon:

Website: https://www.batemancollective.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 Ted Manahan. Ted is an engineering graduate turned real estate investor in the Bay Area in California.

He talks about the money mindset that hindered him from growing his business and how he overcame it. Ted also talks about how his significant other has gained from Profit First and shares some great culture on the road to financial freedom.

Listen and enjoy the show!

Key Takeaways:

[00:41] Introducing Ted Manahan
[07:02] The Saver Mindset
[09:30] How the "Scarcity Mindset" hindered Ted
[14:42] Finding and Treating Employees
[18:33] Protecting the culture inside the company
[22:19] Ted's book recommendation
[25:33] Talking more about his business
[31:09] Connect with Ted Manahan

Quotes:

[07:54] "I was always saving money, always. For me it was freedom, it was to get away from a situation that was not ideal."
[13:27] "You have to standardized process. As you do the process, you are going to learn how to do it better."
[17:23] "Once they are there in your company, train them. Give them the tools. Give them ownership."

Connect with Ted:

Website: https://www.bayhomebuyers.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

Telling about his Profit First journey, we have Tony Clark in this episode of the Profit First for REI podcast.

Tony is a real estate agent/investor who did many things in real estate, including wholesaling and helping other agents become successful.

Listen as he shares some money mindsets many people have gone through and how he was able to break through them and come out better on the other side.

Enjoy the show!

Key Takeaways:

[00:56] Introducing Tony Clark
[01:51] Why Real Estate?
[04:50] About his team and finding the right niche
[12:03] Life before and after Profit First
[16:54] Being stuck in a start-up mindset
[21:52] One habit that contributed a lot to Tony's success
[26:14] Connect with Tony Clark

Quotes:

[02:17] "Real estate is just a really tangible option for running a business, and I can see it, I can feel it."
[12:13] "Implementing Profit First made my wife much happier... before, I was just always chasing the next deal and didn't have a system in place."
[17:12] "Things that can be healthy for a period of time aren't always healthy forever."

Connect with Tony:

Website: https://www.agentos.io/  

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 some honest and helpful information to help you achieve financial freedom?

We have Shannon Weinstein for today's episode of Profit First for REI podcast. Shannon is a financial expert, podcast host, and entrepreneur. 

She is ready to take complicated subjects and make them very simple. Shannon also talks about reasons why we don't pay ourselves enough. Learn more about this topic and the psychology behind it. 

Enjoy the show!

Key Takeaways:

[01:19] Introducing Shannon Weinstein
[03:22] When Shannon started to help people
[06:32] The Language of Business
[13:02] Leaving her corporate job
[18:46] Why don't people keep more of what they earn?
[21:26] Shannon's work as fractional CFO
[29:12] About tax laws
[33:05] Connect with Shannon

Quotes:

[06:45] "When you speak it (language of business)... I forget other people don't speak it, you don't have that perspective."
[18:45] "Why don't people keep more of what they earn?... The main reason I think is because they are not paying attention to what the number is to tell them."
[26:15] "You never really gonna be feel ready... you have to start the habit now."

Connect with Shannon:

Website: https://www.fitnancialsolutions.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

With her over eight years of experience as a CPA in tax services and being one of the top Chief Financial Officers, this is an exciting episode of the Profit First for REI podcast.  

Today, we have Mehak Begemann sharing some top tips that help you understand where you are in the journey as an owner or as an operator. She also shares her investing journey that will inspire you! 

Listen and enjoy the show!

Key Takeaways:

[01:13] Introducing Mehak Begemann
[02:07] Professional life as a CPA
[06:40] Mehak started to get interested in real estate
[11:05] Indicators for clients that are winning
[13:54] Two types of owner
[18:20] Cool client testimonials/story
[24:24] Her fun experiences working with clients as CFO
[29:36] Connect with Mehak

Quotes:

[12:01] "Owners should be able to answer what their operating cost is at least on average."
[21:07] "You can't build unless you know where you are at today."
[22:38] "Whatever doesn't get measured gets lost."

Connect with Mehak:

Website: https://www.instagram.com/mehakbegemann/?hl=en 

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 know more about Profit First and how it works best for business owners and becoming better leaders?

Listen to this Profit First for REI podcast episode as we interview Annie Yatch. She has been an entrepreneur for 15 years but originally started working in the Defense Intelligence Agency. 

Annie talks about trauma, trauma freedom, and how it affects potential leaders in the real estate industry! 

Enjoy the show!

Key Takeaways:

[00:54] Introducing Annie Yatch
[04:07] What is trauma?
[06:08] Trauma and your calling
[12:41] Good saver, bad spender
[16:54] Where did Annie get knowledge about people's behavior?
[22:50] Three big gaps in companies
[27:17] Profit First and role in trauma freedom
[31:12] Connect with Annie Yatch

Quotes:

[04:06] "Trauma has to do with any time in your life that there is a perceived lack of control."
[06:08] "If you figure out what your trauma is, you figure out what your calling is as well."
[19:38] "Every problem that you experience in business is a behavior problem... a behavior you have to start, a behavior you have to stop, or a behavior you have to modify."

Connect with Annie:

Website: https://reisalestools.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