BTM189: Profit First for Real Estate Investors with David Richter

On todays episode, we interview the brand new author of Profit First for Real Estate Investing, David Richter.

David is a long time property investor that has been apart of over 850 deals in his lifetime and through his experiences has learned how best real estate investors can manage their finances as well as their mindset on money. We take abstracts financial concepts and implement tactical strategies on this episode to be great stewards of our own finances on todays show.

Key Points From This Episode:

  • Infinite banking for real estate investors
  • Understanding the importance of “passthrough” bank accounts
  • 3 month reserve for potential deals?
  • David’s opportunity to author a new version of Mike Michalowicz’s “Profit First” but for real estate investors

Links Mentioned in Today’s Episode:

David’s Website

Recommended Books:

Rich Dad, Poor Dad by Robert Kiyosaki

Boundaries by Henry Cloud and John Townsend

Listen to these books for free!

Lifestyle Design App:

Google Calendar

Other ‘Profit 1st’ Episodes:

BTM146: Profit 1st, The 20-Hour Work Week & A 4-Hour Body

BTM 41: Is Your Primary Home An Asset Or Liability?

BTM174: Budgeting, Saving and Investing for Financial Freedom with Todd Miller

This week on the podcast, I interviewed a real estate investor/financial coach Todd Miller, who has spent the past 11 years building up his passive income portfolio to quit his job.

His strategy was straightforward and not at all different from the plans many of us make to leave our soul sucking day job.

You know… Budget, save, invest and retire early on the beach somewhere.

If only it were that simple.

See we can know the steps but not understand them. We can understand the steps but not implement them. We can implement them but not succeed.

There are numerous areas in which we can fall short of the ever elusive financial freedom that we desire.

But if you’ve known me for any stretch of time, you are aware that I’ve made it my mission to help all of us better succeed.

Rather than claiming life changing results in a single episode, we wanted to help you with the baby steps for budgeting, saving and investing in hopes that these small actions will have massive results for you later down the line. This is a good one!

Links Mentioned in Today’s Episode:

Todd’s Website

Recommended Book:

The Alchemist by Paulo Coelho

Listen to this books for free with Audible!

Lifestyle Design App:

Google Docs

BTM146: Profit 1st, the 20-Hour Work Week & a 4-Hour Body with Rocky Lalvani

Health, Wealth and Time Freedom wrapped up with a bow in 1 jam-packed episode…

You may believe that building wealth as an investor is all about about putting aside money for vacancy, repairs, and long term capital improvements, so the funds are there when you need them — this is 100% true and we’ll discuss this on today’s podcast, but that’s not all.

To have a better quality of life, that wealth should be about much more. How about wealth in time? Wealth in health?

Time freedom and health are just as important so Rocky Lalvani and I discuss how to achieve maximum output in each area with the minimum effective dosage (MED). This concept will blow your mind and may move you to make some big changes in your business and life.

 

Links Mentioned in Today’s Episode:

Rocky’s Website

Recommended Book:

Rich Dad, Poor Dad by Robert Kiyosaki

Listen to this books for free with Audible!

Lifestyle Design App:

Calendly.com