Why Every Investor NEEDS to Know the PROFIT FIRST System

Profit is one of the key factors to the success of any business and that’s what real estate investor David Richter of Simple CFO Solutions has specialized in. He is the author of the book Profit First for Real Estate Investing – a version of Mike Michalowicz’s Profit First system that’s specifically designed to help real estate investors be more profitable.

Watch this video to learn more about Profit First for Real Estate Investing and how the Profit First system can help you scale your business the healthy way!

Key Talking Points of the Episode

00:00 Introduction
02:35 What is the importance of networking as a real estate investor?
04:18 What is David’s background?
06:21 How did David get into the financial aspect of real estate investing?
08:27 Why is it important to know and understand your numbers in business?
09:43 How does the Profit First system work?
11:15 What do most business owners think about generating profit?
13:10 What was it like for David to reach out to Michael Michalowicz?
15:17 Why do most entrepreneurs overlook their business finances?
17:45 When was Profit First for Real Estate Investing launched?
18:30 What makes David’s system different from the original Profit First book?
21:48 How can having reserves help you become more intentional with your business?
22:35 How can Profit First for Real Estate Investing help you succeed in business?
24:36 How can the Profit First system protect you and your business?
26:45 How can you get in touch with David and his team?

Links

Book: Profit First for Real Estate Investing
https://www.amazon.com/Profit-First-Real-Estate-Investing-ebook/dp/B098865Y5B

Website: Simple CFO Solutions
https://simplecfosolutions.com/

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Bill Fairman and Wendy Sweet, sibling principles of Carolina Capital Management, have a combined 35+ years of conventional real estate sales and finance experience. They, along with President/CEO Jonathan Davis, serve as consultants for investors, guiding them to network with other investors and educating them in locating and structuring transactions. We put People and Principles ahead of Profit--always.

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