Profit First for Real Estate Investors with David Richter

Managing taxes and retirement funds are big factors in any investor’s financial system, which is why self-directed IRAs are such an invaluable investment tool, allowing you to build and control where your retirement funds are invested and pay fewer taxes while growing your wealth. To shed some light on the topic in this episode, we are joined by John Bowens. He is a real estate investor and an exp...

If you aren’t taking profit for yourself, what are you working for? As business owners, struggling with finances is almost a constant hazard. Sometimes it’s not enough, or there’s the fear of it, and we end up skimping on ourselves. Paul Do Campo struggled with the same until he implemented Profit First and took the initiative in managing his numbers as he grew as an entrepreneur. Today, his fear...

Have you ever felt guilty for taking money out of your business? That guilt is what keeps many entrepreneurs from taking the profits they’ve earned to the point of living deal-to-deal  Our guest today felt the same, even after he implemented Profit First. Cory Boatright has been an entrepreneur for most of his life, having ran or been directly involved with almost forty different companies. He is...

Our guest for this episode is Krisstina Wise, a money expert, coach, and the CEO and founder of Wealthy Wellthy. She dedicates herself to helping other entrepreneurs achieve wealth without the cost of their relationships and health—something she herself has gone through. Krisstina’s mission is fuelled by her personal struggles. In 2013, she nearly lost her life due to a lifestyle dedicated to the...

In this episode, we’re speaking with David Pupo, a real estate investor and the visionary of Florida House Buyers. He studied marketing and finance and worked a corporate job right out of college before transitioning into the real estate industry. David is a big advocate of the Profit First method. He first applied it after realizing he had been spending so much on taxes and realized he needed a s...

Being wealthy is more than just a full bank account. It’s about having a mindset of financial management to accumulate a resource that can continuously build on itself. Moreover, it has the potential to be taught and learned. Our guest today understands the potential of a system like Profit First for himself and others. Bob Lachance learned of the method’s principles at a young age and has applied...

Today’s guest is Scott Emsley, a real estate investor with Clear Sky Properties. He has been in the since 2020, first starting with single-family homes before eventually dipping into multifamily properties as he does today. Scott continues to work as a clinical psychologist while starting his venture into investing. Interestingly, he did not have a previous entrepreneurial background like most inv...

No matter where you are in running your business, implementing Profit First will always be a net positive. But applying the method from the get-go means securing stability through your business financials early on. Our guest today is somebody who had the foresight to apply the Profit First method to her business. Giselle Loayza is the regional director of the Veterans Service Group, a company dedi...

The ultimate goal of investing is to generate long-term wealth, not just earn more. You want to make money work for you and not the other way around. It takes effort and stability, but with guidance and an effective system, you will be more equipped to reach your financial goals. Our guest today is someone who dedicates himself to helping others achieve being wealthy. Chris Miles is a cash flow ex...

Throughout any investor’s journey, there is a point of struggle where giving up becomes more and more tempting as a solution. The people who decide to push on are the ones who learn that struggling doesn’t mean you can no longer succeed—our guest today is proof of that. Ray Zhang moved to America 11 years ago with only $3,000 in his pocket, even having to live in a car for a while. Now he is a suc...

As investors, we’re always at the mercy of the market. Because of that, learning how to navigate economic challenges and adapt your business is crucial to keep your business surviving and thriving. At 28 years in the business, our guest today has experienced the many changes in the economic climate and the real estate industry. Jerry Green is the president and founder of Real Estate Solutions, Inc...

Many entrepreneurs struggle with financial management because they don’t know these three essential numbers: what you’re making, spending, and keeping. Having multiple revenue streams means knowing all this information from different businesses. Today’s guest, Esteban Andrade, provides a unique look into the Profit First model. Unlike other guests who have applied the model and reaped its benefits...

Starting your own business can be exciting, but it’s also very often difficult. Between coming up with capital and being unable to find their footing and a steady income, new investors can experience a feeling of “financial anxiety.” Our guest today, Tim Oppelt, wasn’t safe from this feeling either. He experienced money problems while in real estate that led him to take another job elsewhere. But...

Many investors become inclined to settle for an unoptimized lifestyle because they never realize how uncomfortable they truly are until they step outside their perceived “comfort zone.” Our guest today was the same—he didn't know how better things could be until he started actually exploring his options. Matt Theriault is a real estate investor and mentor at Epic Real Estate Investing and als...

In the world of real estate investing, a background in accounting or finance can be a great asset. Our guest today proves that success in the industry can be achieved even without it.  Kaitlyn Phillips is an active real estate investor of Property Strides, rehabilitating houses in Utah with her husband. She and her husband have managed to grow their company into a full-time operation over the cour...

Joining us today is Brandon Cobb, CEO and co-founder of HBG Capital, an investment firm dedicated to providing risk-adjusted returns that are transparent and insulated against market volatility. He is also the host of Recession-Resistant Real Estate Radio, which I’ve had the pleasure of guesting on before. Brandon started his journey in the real estate industry in fix-and-fliping and wholesaling b...

Today on the Profit First for REI podcast, we’ve got twice the guests for twice the value! Adam and Amanda New are the principal owners of The Cash Offer Company, buying houses from motivated sellers in Richmond, Virginia, and helping them with a hassle-free process.  Adam and Amanda had worked together in some form for a very long time before they decided to focus on their wholesaling business. T...

Having a good life partner is also one of the keys to real investing success.  We have Michael McDonald, a well-respected real estate investor, who shares his journey from having a debt of 45,000 and how in 2022, he was able to buy his dream car through his success in real estate investing. Listen as Michael shares how having a good life partner, trusted mentor, and Profit First helped him achieve...

On the Profit First for REI podcast, we hear from many investors and other business owners about their first-hand success at applying the Profit First method. While there is no better person to relay its benefits than the entrepreneurs who have used it for their businesses, someone else is just as close to your finances as you are—your accountant.  Today we’ve got Measured Results CPA joining us f...

Brad Chandler is a seasoned real estate expert and the founder of Express Homebuyers, a company that specializes in assisting home sellers with a fast process and fair pricing. In the 20 years since it started, they have successfully bought and sold over 4,000 properties across the country. Despite his professional success, Brad's journey was not without its challenges. He struggled with unre...

Profit First isn’t just a method for struggling business owners. Our guest today is proof that Profit First is a system that can benefit even the most successful entrepreneurs, giving them a better way to manage their cash flow.  Trey Taylor is a talented businessman, speaker, and executive leader. He holds the positions of CEO at Taylor Insurance Services, Managing Director at trinity | blue cons...

We’ve heard the benefits of applying Profit First and how it can change the way you manage your money for the better, but not about what it can do for you when you start using it from the very beginning. Our guest today is Scott Carlin, an Air Force engineer, realtor, real estate investor, and the owner of Stellar Realty Investments. He is also a big believer in the Profit First method and has see...

Peter Kolat, also known as Polish Peter, is a multifaceted professional in the business world. He's an investor, entrepreneur, speaker, and transformational coach. He is a coach from Lifeoanaire, an organization with the goal of helping people reach fulfilling lives. Furthermore, he created the Immigrant Masters Unite mastermind, which focuses on helping and connecting immigrant entrepreneurs...

In this episode of the Profit First podcast, we have Al Nicoletti, the Florida probate King, as our guest. Al is a probate attorney known for his problem-solving skills and ability to bring in more revenue through unique marketing strategies.  In this episode, he shares two of his biggest tips for marketing in the probate industry and his methodology for solving problems. He also talks about the i...

Joining us today is Rod Khleif. He is a successful entrepreneur, real estate investor, and business owner known for his expertise in the industry which he shares through his podcast, The Lifetime Cash Flow Through Real Estate Investing. Rod is considered one of the top real estate trainers in the country, and I’m excited for you to hear the insight he has to give. But more than sharing his knowled...