If you’re doing deals but still feel broke, this episode is your wake-up call. CFO and Profit First for Real Estate Investing author David Richter breaks down the exact system hundreds of investors use to finally keep their money, build stability, retire their W-2, and stop living deal to deal. Hosted by Brent Bowers of Wholesaling Inc, this episode gives you the simplest way to set up Profit First—even if you’re brand new, working a 9–5, or doing your first deal.

Learn how to structure your bank accounts, protect your profit, cut unnecessary expenses, and build long-term financial freedom without needing to scale to 100 deals. For more land opportunities, join The Landsharks Program.

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Show notes:

• (0:40) Beginning of today’s episode
• (2:00) The three numbers every investor must know
• (6:00) David’s story
• (10:10) The envelope method
• (11:32) Opening 2 accounts in OPEX
• (17:33) Implementing the Profit First System
• (29:09) Creating a fun account
• (35:00) What’s working on today’s market

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Resources:

• Profit First Real Estate Investing
• The Secret Life of Real Estate
• Quickbooks
• Simple CFO
• Rich Dad Poor Dad
• OPEX
• Mailchimp
• Active Campaign
• Pydrive
• Land Sharks Data
• Talk to People
• To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe

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