043 - Use These Frameworks to Never Lose Money in Real Estate and Profit More With David Ritcher
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Esteban Andrade meets with David Richter to talk about a system that will ensure that you profit first and avoid bankruptcy as you scale up. David Richter is the author of Profit First for Real Estate Investing. He has built frameworks that will help you never to lose money and profit more. On this episode of the Online Hustlers Podcast, he will share tons of golden nuggets that will help you build cash reserves. Find financial peace. Tune in to learn more.
Here's what to look forward to in today's episode:
· David Richter's origin story
· What’s the most challenging thing for business owners to grasp?
· The Golden Trio: the three important accounts of business
· What type of frameworks does David make his clients go through in order to keep their money in a consistent basis?
· Direct the flow of the money
· What are the most important key performance indicators (KPIs) for real estate businesses?
About David Richter:
David Richter is an active real estate investor who has been essential in closing over 850 deals which include wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy you can think of. While growing and building a real estate business from 5 deals a month to over 25 deals a month, he realized that as much money was coming in, it was going right out. With the unique opportunity of being in every seat as a real estate investor, he found a calling to the company’s finance seat to help them see where their money was really going. David has helped real estate companies completely turnaround from going out of business to building cash reserves through his profit advising company Simple CFO Solutions, LLC. He is the author of Profit First for Real Estate Investing. His goal in life is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances and – bring them true financial clarity and freedom.
~You can find David Richter on...
Connect with Esteban Andrade!
Connect with me: https://estebanandrade.com/
Instagram: https://www.instagram.com/estenick--- Send in a voice message: https://podcasters.spotify.com/pod/show/estebanandrade/message