WIP 1003: Profit First – These Mistakes Are Costing You

38:31
 
Поширити
 

Manage episode 335574811 series 2391406
Зроблено Find distressed properties for pennies on the dollar and turn them for huge profits!, Find distressed properties for pennies on the dollar, and Turn them for huge profits! і знайдено завдяки Player FM та нашій спільноті. Авторські права належать видавцю, а не Player FM, і аудіоматеріали транслюються безпосередньо з сервера видавця. Натисніть на кнопку Підписатися, щоб слідкувати за оновленнями в Player FM або скопіюйте і вставте посилання на канал до іншої програми для подкастів.

Imagine making over $600k monthly with wholesaling and still losing money? Unfortunately this is a trap many real estate investors fall into. We tell ourselves the more deals and the more employees we have the better. And without an accounting system and accounting philosophy to keep us in check, we end up living paycheck to paycheck instead of achieving the true financial freedom we got into real estate for. Today’s guest, David Richter, is the founder of SimpleCFO and author of Profit First for Real Estate Investing. He joins Lauren Hardy to discuss the biggest financial mistakes real estate investors make and how to avoid them.

If you liked this episode and are ready to level-up your game and achieve true financial freedom, apply to Lauren’s Virtual Investing Mastery program.

----------

Show notes:

  • (0:48) - Beginning of today’s episode.
  • (1:52) - Many investors are living paycheck to paycheck – here’s how to avoid it.
  • (5:30) - The company you DON’T want to be.
  • (11:28) - The biggest financial mistake to avoid.
  • (19:38) - Why drinking the “social media Kool-Aid” is hurting you.
  • (24:35) - Save this much before hiring.
  • (28:35) - Lauren’s Quickbooks hack.
  • (33:15) - The importance of a CFO and what to avoid.

----------

Resources:

1052 епізодів