87 episodes

A show for real estate investors who want to learn how to increase and KEEP their profits. Money management is the missing ingredient to financial freedom! The Profit First R.E.I. Podcast gives you the tools needed to manage your money in a way that actually works. Profit isn't a result... it's a habit!

The Profit First REI Podcast David Richter

    • Business
    • 4.8 • 6 Ratings

A show for real estate investors who want to learn how to increase and KEEP their profits. Money management is the missing ingredient to financial freedom! The Profit First R.E.I. Podcast gives you the tools needed to manage your money in a way that actually works. Profit isn't a result... it's a habit!

    Financial Peace Without Losing the Thrill of Investing With Scott Meyers

    Financial Peace Without Losing the Thrill of Investing With Scott Meyers

    In this episode, we got a chance to chat with the self-storage king himself, Scott Meyers. He’s an expert in the self-storage business and has an unwavering passion for sharing his experiences and wisdom to help others. 


    He’s in the show to share some tips on how you can make your money work for you so you can focus on living your life exactly as you’ve always wanted. Listen to today’s show, and learn a thing or two from this savvy industry expert! 


    Key Takeaways for This Episode:


    [1:45] How did Scott Meyers start in the real Estate investing world?
    [6:26] What early lessons did he learn about money, and how does that compare to his recent experiences?
    [9:12] What prompted him to implement the Profit First system? 
    [11:50] Scott explains how he still uses reserves for growth 
    [15:15] At the end of the day, you need to run things bright and stop putting your business and everyone in your team at risk
    [15:55] What does it take to have a business that is running, profitable and successful? 
    [19:50] What does he want to pass on to the next generation regarding money?
    [23:07] Don’t get overleveraged. Have those cash reserves in place, and be prepared for that. 
    [23:54] Surround yourself with people who are smart about money. Who also has reserves and cash.


    Quotable Quotes:


    [8:03] “We immediately learn that we have to turn the business around.”
    [8:20] “You have to have a little more runway, a little more cash reserves to weather any kind of storms.”
    [12:22] “We sometimes fall on that gap of continuing to plow every penny into our business, and we do it at the expense of leaving our cash reserves short.”
    [19:21] “If you want to be able to help people that are in that poverty, you can’t be in poverty yourself.” 


    Links:

    Profit First Real Estate Investing by David Richter-https://simplecfosolutions.com/profit-first-david-richter/ 
    Profit First by Mike Michalowicz- https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4 
    Self Storage Investing - https://selfstorageinvesting.com/ 
    The Pumpkin Plan by Mike Michalowicz- https://www.amazon.com/Pumpkin-Plan-Strategy-Remarkable-Business/dp/1591844886 
    Rich Dad Poor Dad by Robert Kiyosaki-https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 


    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 

    • 28 min
    Think First and Drop the Ego - Leveling Up Strategies with Marck de Lautour

    Think First and Drop the Ego - Leveling Up Strategies with Marck de Lautour

    Time is such a finite thing. So when you trade time for dollars, you cap your income. As it should be pretty clear by now, there can be a serious problem when you barter your time for money. And with us in the show is someone who’s a master in creating generational wealth and passive income. 


    Marck de Latour will give you a mind-shift change as he lays down the benefits of real estate investing and how to keep your money rolling without you!


    Key Takeaways for This Episode:


    [1:31] Where is Mark from?
    [3:59] Would he put a high value on the education that he perceived along the way in his real estate investing journey?
    [8:54] The story of how he became a full turnkey provider?
    [10:41] The mindset of creating a team that will help you in your business?
    [12:14] The mind-shift for him was analyzing that he needed to pay high wages and high compensation.
    [14:22] If you don’t want to scale your business, you don’t have to
    [17:04] There are no secrets to success, only executive 
    [17:47] What early lessons did he learn about money?
    [18:46] Understanding trading time for dollars vs. owning something 
    [21:34] The value of your compensation will be equal to the problems that you solve in life
    [29:11] Think of where you want to go. The destination is important, and enjoy the journey.


    Quotable Quotes:


    [6:09] “It’s easier to do than to think. But it’s harder to think and plan and strategize.”
    [11:29] ”When you reach the point where you're trying to scale and grow, you can get good, but it's really how to get great and remove you from the process.”
    [14:39] “When you’re doing big deals throughout the year, you have to scale up and go through the pain.
    [29:42] “The strength of the entrepreneur becomes the organization's weakness.”


    Links: 


    Profit First Real Estate Investing by David Richter-https://simplecfosolutions.com/profit-first-david-richter/ 
    The Legend of the Monk and Merchant by Terry Fellber-https://www.amazon.com/Legend-Monk-Merchant-Principles-Successful/dp/0529120801 
    Mark’s LinkedIn-https://www.linkedin.com/in/mark-de-lautour-012154203?originalSubdomain=nz 


    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 

    • 35 min
    How to Work Smarter Not Harder With Cameron Dunlap

    How to Work Smarter Not Harder With Cameron Dunlap

    Keep your steam engines running for this exciting episode, and we’re bringing in a very special guest for you. We’re joined by no other than Cameron Dunlap, the founder, and CEO of Real Estate Worth Network. Today, he’ll be sharing with us his real estate journey and how he’s been able to achieve his success by using the exact REI tools to move his business forward.


    Catch this genius-making action by listening to today’s jam-packed session!


    Key Takeaways for This Episode:


    [2:09] How did he start to build up his rental portfolio?
    [2:56] Cameron shares his teaching and real estate journey
    [5:57] Was there ever a time in the business where he felt like he was doing a lot but wasn’t keeping as much?
    [7:45] When did the financial freedom fill in and did all the work?
    [11:00] Was the Profit First methodology a new concept to him?
    [16:22] You can use the buyer’s money to fund a purchase for your seller
    [18:41] With the cash buyer’s data fee, you don’t have to build a buyer’s list

    Quotable Quotes:


    [5:41] “I get a lot done, but I don’t work that hard.”
    [15:50] “That was a big changer because it helped me focus my energy on the right people.”



    Links:


    Profit First by Mike Michalowicz-https://mikemichalowicz.com/profit-first/
    Profit First REI by David Richter - https://simplecfosolutions.com/profit-first-david-richter/ 
    Real Estate Worth Network- https://realestatewealthnetwork.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 

    • 23 min
    From BRRRR to Metal Boxes — How Scott Meyers went from King of Making Mistakes to King of Self-Storage

    From BRRRR to Metal Boxes — How Scott Meyers went from King of Making Mistakes to King of Self-Storage

    The self-storage king is on the show today, so better expect an explosive episode coming your way.


    Scott Meyers, also known as the nation’s leading expert in the self-storage business, is here to bring value and share his side of the story. He’s been the architect of several extremely successful real estate transactions. He is always ready to teach others about the business and help them correct their mistakes to achieve a higher level of success. In this episode, he’ll uncover the mystery behind that. Let’s find out how Scott implemented a process plan that made him run his business and leverage his way to the top! 


    Key Takeaways for this Episode:


    [1:32] When did he first implement Profit First, and how was that journey?
    [2:52] People who are passionate about their businesses have to reinvest
    [5:02] Having a process and plan in place allows for making better decisions 
    [6:12] What are some of the benefits of implementing this system?
    [10:39] How many storage units do he have, and how long has he been doing storage units?
    [13:00] The hardest lesson that he’s learned in real estate?
    [16:22] If you haven’t been on a personal journey of self-awareness, you don’t understand what it’s like to know your unique ability 
    [17:34] Talk to people about investing in self-storage
    [19:44] Keep your ear to the ground and your eyes wide open


    Quotable Quotes:


    [3:10] “I am passionate about my business because I know that the leverage that it provides allows us to do more mission work and impact people’s lives.”
    [8:50] “It’s also freeing from just a personal standpoint to have that cushion and everything in place, so we can have the mindset to serve.”
    [15:36] “Getting an education, surrounding yourself with the right people allows you to move forward.”


    Links:


    The Self Storage Podcast- https://open.spotify.com/show/6l3jf0p0WT9jdEYZ90Q9kZ?si=71HgWYlaR2yj3nHXUg-tHA 
    Self Storage Investing Website- https://selfstorageinvesting.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 

    • 26 min
    Do You Want to Make More Excuses or More Money? Real Estate Legend Ron Legrand Reveals His Money-Making Secrets

    Do You Want to Make More Excuses or More Money? Real Estate Legend Ron Legrand Reveals His Money-Making Secrets

    Meet the Godfather of creative real estate, Ron LeGrand. He was born with the heart of an entrepreneur and started doing business transactions by the time he was eighteen. Ron entered the real estate world in 1982, and from then on, his innovative mind, true heart, and logical systems propelled him to sell houses without any risks. 


    Discover the secret strategy that got him to garner massive deals for the last 37 years. Strap in, and let’s hear out how this genius climbed his way up the ladder.


    Key Takeaways for This Episode:


    [1:51] What got him started in real estate, and why did he choose real estate?
    [6:03] People who are looking for a lot of excuses don’t make a lot of money
    [6:28] The problem of low self-esteem
    [7:48] You have to be careful to whom you’ll listen. It would help if you weren’t listening to anybody until you have—a reason to believe that you can trust what anyone says. 
    [12:46] His journey facing six market corrections
    [14:20] Delegation, Automation, and Systemization makes real estate easier
    [19:09] The absolute key is selecting the best people for your business
    [22:21] How important is it to know your business numbers?
    [27:22] Take action, go out there and implement things
    [30:29] Get your education from qualified people to render it


    Quotable Quotes:


    [0:13] “When you spend your life swapping hours for dollars and never really hit a home run, you never really had way more money to live on. It’s hard to get into the mindset that you’re entitled to get more money.”
    [11:11] “Somewhere along the line, we have to start digging a little deeper, and find a faster and easier way to make money without the risk.”
    [22:30] “Anybody running their business that doesn’t know their numbers wouldn’t be in the business very long.”



    Links:
    Join Ron LeGrand’s Online Training- http://ronlegrand.com/terms 




    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 

    • 36 min
    Why 90% Of Businesses Fail and How to Scale Up with Nick Bradley

    Why 90% Of Businesses Fail and How to Scale Up with Nick Bradley

    Investing in real estate can be fruitful, but dealing with it alone can be challenging and highly risky. Real estate is a tricky business that requires knowledge, talent, organization, networking, and perseverance. It also takes a little savvy to succeed in this highly competitive arena. If you want to scale your way up, you must remember to keep the end goal in mind.


    But what does that necessarily mean? Don't worry because real estate rockstar Nick Bradley will get to the bottom of that. Nick is in the show today to teach us how to network, organize and run a business that works without us. Join our talk by clicking on that play button! 


    Key Takeaways for this Episode:


    [4:23] Networking with high net-worth individuals 
    [6:27] How important it is for people to have that network, and when should they start building that high-level network?
    [6:4]  The six reasons why your business will never hit eight figures
    [8:32] How do real estate investors keep the end goal in mind?
    [11:10] You need to know your need and want number
    [16:15] You have to scale to sale
    [19:11] The three principles to in driving your business: Clear end game, Scaling fast and build value, Exit rich
    [24:30] How did Profit First situate in his line of business?
    [27:20] Start with the good habits as early as possible


    Quotable Quotes:
     
    [0:21] “People who don’t have a strong foundation of their finances from the beginning end up with a problem as they start to scale.”
    [9:30] “When you get something that is not optimized, and it needs to be to get the outcome that you want.”
    [12:45] “When you exit yourself from the business, and the business still runs, and you own it, you have freedom from that, but you don’t have to be there.”


    Links:


    Scale Up with Nick Bradley Podcast- https://open.spotify.com/show/3zWRNth6fPJc8rKdXgOZEH?si=_SdjZntfSH2P3hF-GQCj9g 
    Traction by Gino Wickman- https://www.eosworldwide.com/traction-book 
    Nick’s Facebook page: https://scaleup.vip/FB 
    Nick’s LinkedIn: https://scaleup.vip/LI 
    Nick's Instagram: https://scaleup.vip/IG 


    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 

    • 31 min

Customer Reviews

4.8 out of 5
6 Ratings

6 Ratings

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