In this episode, I sit down with Jonas Medrano, a powerhouse of discipline and drive who took the principles he learned from sports and fitness and applied them masterfully to real estate investing. From wholesaling his first property to scaling a $12 million business from his dining room table, Jonas’ story is not just about financial success, it’s about the mindset and grit it takes to get there.

We dig into how Jonas adopted the Profit First philosophy early in his business and how that has fueled his high-profit margins and lean operations. He also opens up about his new passion for coaching and the exact type of driven individuals he’s looking to mentor. If you’re looking for inspiration and actionable insights from someone who’s done the work and built a thriving real estate business from the ground up, this episode is for you.

Episode Highlights

[0:00] – Introduction

[1:01] – The “Profit First” moment that brought Jonas and I together

[2:03] – Jonas lands a $40K wholesale deal right out of the gate

[3:44] – Self-imposed “jail” of learning 16 hours a day to master wholesaling

[4:48] – Securing his first deal just one month into wholesaling

[6:07] – Discipline rooted in sports and inspired by Kobe Bryant

[9:35] – How Jonas turned wholesaling into a $12M-a-year business

[10:56] – Scaling with low overhead, lean team, and high margins

[11:28] – Profit First mindset from day one, and saving $100K before hiring

[13:06] – Transitioning from wholesaling to fix-and-flip and holding properties

[14:25] – $60K average wholesale fees and $150K minimum on flips

[15:30] – Launching a coaching program focused on driven real estate newcomers

[20:09] – Jonas’ full involvement and personal access in his coaching model

[22:02] – Long-term vision: $1B real estate portfolio and $1M monthly passive income

[24:44] – Early signs of discipline, from flipping sneakers to excelling in school

5 Key Takeaways

1. Discipline is everything – Jonas credits his fitness and sports background for building the mental toughness needed to thrive in business.
2. Start lean, grow smart – He focused on maximizing profit and minimizing expenses, only hiring after saving his first $100K.
3. Education is the edge – Jonas consumed books, podcasts, and resources relentlessly to master his craft before making his first deal.
4. Profit First works – The financial structure and clarity from Profit First helped him build and scale a highly profitable operation.
5. Giving back creates fulfillment – Now Jonas is focused on coaching others and sharing the same tools and mindset that brought him success.

Links & Resources

• Follow Jonas Medrano on Instagram: @jonasmedrano
• Learn more about the Profit First system: simplecfo.com

If you enjoyed this episode, please take a moment to rate, review, and share it with someone who would benefit from hearing Jonas’ inspiring journey. And don’t forget to follow the show so you never miss an episode.

In this episode, I sit down with Alex Pardo, a self-storage magnate who transitioned from a thriving wholesaling and house-flipping career to building wealth through self-storage facilities. Alex shares his raw and honest story of realizing he’d built a stressful business that left him feeling stuck, and how he used Profit First principles to regain control of his finances and peace of mind — both in business and at home with his wife.

We unpack what it really takes to pivot into self-storage, why he believes it’s one of the most overlooked but recession-resistant assets available to investors, and how Profit First helped him save aggressively for big capital expenses. Alex also discusses who should consider investing in storage, what makes a deal profitable, and how adopting a disciplined money system strengthened his marriage and overall life satisfaction.

Timeline Summary:

[0:00] – Welcoming Alex and swapping Monopoly stories that reveal his competitive edge.

[1:59] – Alex’s first exposure to Profit First through Mike Michalowicz’s books and why it felt like a lightbulb moment.

[5:00] – How implementing Profit First let Alex save for a $100K+ CapEx budget, giving him confidence to move forward with major facility improvements.

[8:00] – How Alex and his wife adopted Profit First at home with dedicated accounts for vacations, Christmas, and giving — creating harmony in their marriage.

[12:52] – What led Alex to ask himself the crucial question that sparked his exit from the wholesaling rat race.

[14:35] – Why he calls scaling his wholesaling business “irresponsible growth” and how his experience taught him to value peace over profit.

[16:02] – His initial fears about moving into self-storage, and the surprising ways his wholesaling skills carried over perfectly.

[18:18] – A look back at whether he regrets leaving wholesaling given the hot post-Covid market, and why he doesn’t.

[21:04] – The powerful “play the movie forward” exercise Alex uses to make big decisions with intention.

[23:06] – His success story of acquiring, stabilizing, and selling a 638-unit storage portfolio — and why he only needed 1-3 good deals per year to move the needle.

[25:23] – Why self-storage can be semi-passive after stabilization, and how Alex spends just 1-2 hours a week managing hundreds of units.

[27:04] – Breaking down the three phases of acquiring a storage facility: marketing and analysis, financing and due diligence, and maximizing operations.

[29:03] – Why self-storage is recession-resistant: the unique psychology of people downsizing but unwilling to part with their stuff.

[32:05] – The differences in operating expense ratios between storage (30-40%) and multifamily (45-55%) — and why this margin creates more breathing room.

Key Takeaways:

1. Asking yourself tough questions — like whether you’d want to be doing the same thing a year from now — can change your entire trajectory.
2. Profit First isn’t just for business; applying its principles at home can bring couples closer and build long-term stability.
3. Your existing real estate skills may translate seamlessly into self-storage — don’t underestimate how much you already know.
4. Location and demographics are critical; a rough market can mean higher break-ins and delinquencies, even in storage.
5. Storage can provide high cash flow with lower management demands than single-family or multifamily rentals — making it ideal for those seeking freedom.

Links & Resources

• Learn more about self-storage investing and get free training from Alex at https://storagewins.com
• If you want to keep more of what you make with Profit First, visit https://simplecfo.com

In this episode of Profit First for REI podcast, we have Amanda Webster. She is a business funding educator, credit expert, leadership consultant, and speaker. She is also the Chief Operating Officer of Fund&Grow.

Amanda talks about her relationship with her CEO, things about purchasing properties or building your business credit and making sure that you are not just always spending your own money. This episode is for you! Enjoy the show!

Key Takeaways:

[00:56] Introducing Amanda Webster
[02:41] How she started working with Fund&Grow
[04:32] Law of attraction
[09:03] What makes a successful COO-CEO relationship
[12:38] About Fund&Grow
[18:12] Personal guarantees
[21:00] The lines of credit
[28:00] The advantage of using credit cards
[30:36] Connect with Amanda Webster

Quotes:

[05:29] "Leadership is what dictates the success of the company and its employees."
[19:04] "A lot of people don't realize the importance of separating business and personal business and how much over-extending your personal hurts you in so many ways."
[28:06] "There is an extreme amount of value in using business credit cards because there are points, rewards, and cashback."

Connect with Amanda:

Website: https://funding.fundandgrow.com/simple-cfo 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David

Brad Chandler is a seasoned real estate expert and the founder of Express Homebuyers, a company that specializes in assisting home sellers with a fast process and fair pricing. In the 20 years since it started, they have successfully bought and sold over 4,000 properties across the country.

Despite his professional success, Brad's journey was not without its challenges. He struggled with unresolved trauma from his childhood, leading to a lack of self-love and $9 million in business losses. 

Brad has since changed his perspective on success. He now focuses on providing as much impact through his real estate and coaching businesses and commits to having a healthier relationship with money by implementing Profit First. 

We’ve got an inspiring episode ahead of us, and I’m excited for you to tune in!

Key Takeaways:

[00:47] Introducing Brad Chandler
[02:14] Why is Brad in Real Estate?
[09:05] Unresolved Trauma and Why You Should Deal With It
[15:43] Success is More Than Solving Money Issues
[16:55] How Brad Faced His Unresolved Trauma
[19:21] How Brad’s Process Differs From Therapy
[21:04] Unresolved Trauma and How It Affects Your Business
[24:37] Self-Love and Self-Compassion are the Path to Freedom
[25:26] Recommend Resources
[26:02] Self-Development is a Life-Long Journey
[24:51] More Advice From Scott: Go to Flip Hacking Live
[25:30] Connect With Scott

Quotes:

[07:23] “I don't need to go make a bunch of money and prove anything to the world. Because I already know the truth. And I'm enough. So I've switched [to] making an impact.”
[21:54] “When you have unresolved trauma, and you feel unworthy, that means that you're likely in a fight or flight stage. When a lion is chasing you, how creative do you think you can [be]?...How great do you think you can [plan] the next step, or how to plan for the next business meeting, or talk to a seller? You can't.”
[24:42] “The only way that you get freedom in life is through self-love and self-compassion.”

Connect with Brad:

• Find Brad’s Socials on His Website: www.bradchandler.com/contact

Recommended Resources:

• Radical Acceptance by Tara Brach
• Way to Love by Anthony de Mello

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Profit First isn’t just a method for struggling business owners. Our guest today is proof that Profit First is a system that can benefit even the most successful entrepreneurs, giving them a better way to manage their cash flow. 

Trey Taylor is a talented businessman, speaker, and executive leader. He holds the positions of CEO at Taylor Insurance Services, Managing Director at trinity | blue consulting, and Founding Partner at Ascend Partners. He is also the author of “A CEO Only Does Three Things,” a book I’ve had the pleasure of reading and applying in my career.

Today, he joins us to talk about his career, the problems he encountered along the way, the importance of partnership, and how Profit First revolutionized his business. Catch the full discussion here!

Key Takeaways:

[00:41] Introducing Trey Taylor
[07:11] How Profit First Fits Into His Business
[08:27] Problems He Encountered Before Profit First
[11:33] The Effect of Implementing Profit First
[16:12] How Profit First Gives You a Better Perspective on Money Management
[20:30] On His Real Estate Business, His New Partnership, and Implementing Profit First Into It
[26:41] On His Book: “A CEO Only Does Three Things”
[29:01] On Using His Book and the Profit First for REI Book to Get as a Way to Start Conversations Between Partners About Money
[35:46] Advice for People Who Want to Get Into Real Estate Investing
[40:13] Connect With Trey

Quotes:

[8:10] “ I remember reading it on an airplane. I came home, got my accountant and bookkeeper together, and we sat down and revamped our entire financial picture.”
[23:21] “Yeah, I think it's all about over; communicating everything before you make the decision. Partnerships are marriages, in almost every sense of the word, they are legal unions…and so you need to have a way to get into that, which should be based on shared values that are authentic to both of you.”
[36:54] “Don't wrestle with the ideas [once] they've been proven out, just implement them...don't study on [Profit First] for too long, just get it into place, and start letting it benefit you, and growing your business through that.”

Connect with Trey:

Website: trey-taylor.com
Consulting Website: https://trinity-blue.com/
Newsletter: https://plantyourflag.substack.com/
Get a copy of his book “A CEO Only Does Three Things”: https://www.amazon.com/CEO-Only-Does-Three-Things-ebook/dp/B08L8FRQQ8

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

We’ve heard the benefits of applying Profit First and how it can change the way you manage your money for the better, but not about what it can do for you when you start using it from the very beginning.

Our guest today is Scott Carlin, an Air Force engineer, realtor, real estate investor, and the owner of Stellar Realty Investments. He is also a big believer in the Profit First method and has seen firsthand how it has impacted his business.

In this episode, Scott discusses how the Profit First method has helped him set up a system to achieve his goals while still having money for marketing and other expenses! Whether you’re a new or seasoned investor, you’re getting value either way. Tune in!

Key Takeaways:

[00:46] Introducing Scott Carlin
[03:34] On Joining a Mastermind
[05:50] On Getting Five Deals Within His First Few Months of Wholesaling
[08:55] On Learning About Proft First
[11:16] On His Current Deals and What Got Him Into Wholesaling
[13:15] On Scaling His Business and Transitioning to Real Estate Full-Time
[15:13] Scott’s Advice for New Investors: Join a Mastermind
[17:21] On the Importance of Knowing Where Your Money is Going
[19:43] What is Scott Doing With His Profit Money?
[21:22] Scott’s Keys to Success
[24:51] More Advice From Scott: Go to Flip Hacking Live
[25:30] Connect With Scott

Quotes:

[15:22] “Join a mastermind…What made me take action was joining a group and getting a coach.”
[17:21] “Cashflow—they don't know where their money's going. Like I had originally before Profit First, they just had just everything in one account. And I didn't want to do anything with it, because I wasn't really sure how much money I could scale up.”
[21:56] “I have a lot of the things that I've learned in the Air Force. It’s…directly been beneficial in my real estate career…[The] dedication, persistence, leadership. My ability to focus.”

Connect with Scott:

Website: www.floridaREbuyers.com
Facebook: https://www.facebook.com/carlinscottm/

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Peter Kolat, also known as Polish Peter, is a multifaceted professional in the business world. He's an investor, entrepreneur, speaker, and transformational coach. He is a coach from Lifeoanaire, an organization with the goal of helping people reach fulfilling lives. Furthermore, he created the Immigrant Masters Unite mastermind, which focuses on helping and connecting immigrant entrepreneurs.

In the past, Peter faced some challenges that made him unhappy, despite his successful career in investing and coaching. He faced difficulty connecting with his family, and his tendency of people-pleasing impacted both his personal and professional life. Peter has been on a journey to overcome these struggles and has found success in both his life and his business with the help of the Profit First and Lifeonaire systems. 

In this episode, he will be sharing more of his story and wisdom with us—a great opportunity to learn from Peter's experiences and gain insights on how to gain true fulfillment!

Key Takeaways:

[00:41] Introducing “Polish Peter” Kolat
[03:47] Peter on the Profit First Method and
[06:56] On Struggling as a Business Owner and Leader
[11:26] On How Work Life Affected His Family Life
[14:58] On Personal Development
[17:53] The Importance of Having a Coach 
[19:42] Why Investors Live Deal-to-Deal: Not Having Support and Clear Goals
[26:39] Questions to Ask Yourself and Conquering Your Subconscious
[29:29] What Would Peter Do Differently If He Started From Scratch?
[31:47] Connect with Peter

Quotes:

[04:43] “When you start looking [at] the profit first and you focus on that number, amazing things happen in your life.”
[21:08] “When you write down what your life is going to look like, and you get very clear what you want to end up in…that's like at this GPS, this Guiding Light. Then the next question becomes, ‘okay, what does my business need to look like to support that life?.’”
[30:34] “One of the worst things you can do when you're a business owner, or when you're in a dark, dark, dark place, is [going] at it alone. You gotta reach out, you gotta surround yourself with other people.”

Connect with Peter and Get a Free Copy of Lifeonaire: An Uncommon Approach to Wealth Success and Prosperity:

Website: www.lifeonaire.com
Facebook: https://www.facebook.com/CoachPolishPeter/
Masterclass Website with Immigrant Entrepreneurs: https://mastersunite.com/

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

In this episode of the Profit First podcast, we have Al Nicoletti, the Florida probate King, as our guest. Al is a probate attorney known for his problem-solving skills and ability to bring in more revenue through unique marketing strategies. 

In this episode, he shares two of his biggest tips for marketing in the probate industry and his methodology for solving problems. He also talks about the importance of finding good people in his industry and gives listeners the right questions to ask when looking for talent. 

Al provides valuable insights that can help listeners make more money and grow their businesses, so be sure to tune in!

Key Takeaways:

[00:52] Introducing Al Nicoletti and His Background
[05:17] Al Nicoletti’s Money Struggles
[08:01] Al’s Work as a Probate Lawyer
[11:26] Al on Brand Building and Communication
[17:33] What Should You Look for in a Probate Attorney?
[20:59] What is Probate? 
[23:19] Profitable Probate Deals
[26:44] Al’s Advice for Real Estate Investors
[29:15] Connect With Al
[29:38] Closing

Quotes:

[12:28] “Relationships [are] what really [build] the bridges to where everybody's going.”
[12:52] “I think speaking is one of the most—it's the most unique, best form of networking marketing. It's a superpower that you can have because it will drive business, [and] it'll drive leads."
[27:51] “ Time is money and the amount of time that you spend with some of the sellers and they don't get anything. It's crazy…We want to do deals all day, we want to close all day. So that is a huge value add for you out there, you got to start building out a checklist and asking and keeping that right next to you.”

Connect with Al:

Website: www.alnicoletti.com
Instagram: www.instagram.com/attorneynicoletti
Facebook: https://www.facebook.com/alnicolettiesq
Youtube: https://www.youtube.com/c/alnicoletti
Phone No.: 904-999-0053

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Joining us today is Rod Khleif. He is a successful entrepreneur, real estate investor, and business owner known for his expertise in the industry which he shares through his podcast, The Lifetime Cash Flow Through Real Estate Investing.

Rod is considered one of the top real estate trainers in the country, and I’m excited for you to hear the insight he has to give. But more than sharing his knowledge, Rod comes on the show to inspire us with his own story, his struggles—financial or otherwise—and how he recovered from them.  

Tune in as he talks about how he made his first $100,000 in real estate, how he recovered from losing a lot of money in 2008, and his amazing mindset on money.

Key Takeaways:

[00:45] Introducing Rod Khleif and His Background
[05:45] Limiting Beliefs That Might Have Contributed to Holding Him Back
[11:32] On How He Recovered After Losing $50 Million
[18:39] How Rod Prepares for Downturns 
[22:50] Rod’s Denver Bootcamp
[26:15] Advice for Real Estate Investors: It Starts With Competence 
[28:30] Connect With Rod and Final Thoughts
[29:38] Closing

Quotes:

[12:57] “You've got to take that first step. Okay? And that first step can be the scariest step of your life. And it could be the most important step, especially for those [of who] you that are analytical. And you'll sit there analysis paralysis stuff, and you can't do that.”
[22:44] “So, how do you get ready [for downturns]? You keep your mindset right you focus on what you want, not what you don't want, you get into cash, you build relationships.”
[26:26] “Competence equals confidence equals passion and success… It starts with competence”

Connect with Rod:

Website: https://rodkhleif.com/
Podcast: The Lifetime Cash Flow Through Real Estate Investing
Text “Rod” to 72345 and remember the code “rodfriend” to get a lower price.

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

The Profit First method is based on establishing good financial habits. However, to adopt this approach, breaking free from negative behaviors that hinder growth is necessary. 

Our guest today is an expert at helping others break through and develop a better mindset, not just in money but also in leadership, teamwork, and personal growth. He is a knowledgeable real estate investor, coach, mentor, speaker, and real estate investor.

Pat Precourt is a highly skilled entrepreneur who excels in personal development coaching, marketing, business development, and more. Tune in as he provides a rich source of insight into overcoming bad habits and achieving financial growth!

Key Takeaways:

[00:45] Introducing Pat Precourt and His Background in Developmental Coaching
[03:52] The Common Financial Struggles of Entrepreneurs and How Pat Helps Them Recover
[11:32] The Predictability of Human Behavior and How It Can Be Used for Developing Change
[13:12] Pat’s Personal Money Struggles
[14:50] Why Many People Live Deal-to-Deal and How to Break Away From It
[19:31] How Pat Helps Leaders Who are Stuck Grow
[25:55] The Benefit of Having a Coach When It Comes to Creating Positive Change
[28:05] Pat’s Habit to Succes: Show Up and Build Momentum
[30:35] The Hardest Lesson Pat Has Learned
[33:04] Connect with Pat

Quotes:

[15:33] “We don't lack work ethic…We're tough. We can endure a little pain and endurance…but as a result of that, we put ourselves in a position to endure a little pain. And we put ourselves in a position where we have to work long hours, only because we're capable of it, and therefore we let it [happen].”
[26:27] “Your mind that got you this far, which is filled with all of your life experiences, all your wisdom, knowledge, expertise… [it] got you this far, [but it] can't get any further on its own. It only knows what it knows. And that's why you're exactly where you are right now until an outside force leans into you. And that's what a coach does for you.”
[29:06] “ I made a habit of showing up. I think showing up when you're down and out and feel like shit, or you're crabby and grouchy…Just showing up is more important than then staying home and finding excuses why you should why you didn't show up.}

Connect with Pat:

Website: https://patrickprecourt.com/
Social Media: “Patrick Precourt” on different platforms

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Acquiring assets with little to no money is a real challenge for first-time investors. 

We've got David Dodge, a full-time investor for eight years, who shares with you the BRRRR method and how to use this strategy to acquire using little to no money and doing it rapidly.

Listen as David shares how Profit First impacted his business and why the BRRRR method is his favorite strategy in acquiring properties.

Key Takeaways:

[00:43] Introducing David Dodge
[02:21] David on What Excites Him the Most about Real Estate
[04:00] Introducing the BRRRR Method
[05:42] How BRRRR Method Works
[14:14] Money Struggles David Experienced in the Past
[19:58] David Shares His Addiction to Investing
[29:00] Keys to Success of David in Real Estate
[34:06] Connect with David Dodge

Quotes:

[16:04] "Anybody that is gonna do due diligence for you is selling you."
[27:52] "The richest people I know are experts of tax because they know how to avoid it."
[29:20] "Failing is part of the process. The equation to success is a bunch of failures and a bunch of trying, then you get the success."

Connect with David:

Website: https://www.wholesalinginc.com/

Tired of living deal to deal? 

If you are a real estate investor or business owner tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either I or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David

Being a real estate investor means working for yourself. But, ironically, it also often leads to the inability to pay yourself. This is a symptom of improper financial management—a predicament that a system like Profit First can solve.

For our guest today, Profit First is precisely what he needed to refocus his finances into what is necessary, kickstarting massive growth!

We’ve got Nathan Payne joining us in this episode. He is a real estate investor, sales expert, and the owner of Offer On Homes. Listen in as he talks about his work, his struggles, and his success with the help of Profit First.

Key Takeaways:

[00:45] Introducing Nathan Payne
[02:07] Nathan on Real Estate and How He Started
[03:53] Nathans Money Struggles in Wholesaling
[06:03] How Inaction Can Lead You to Living Deal to Deal
[07:06] The Cash Conversion Cycle
[07:31] Nathan’s Struggle to Pay Himself and Discovering Profit First 
[10:36] Nathan on How His Lack of Financial Knowledge Early on Held Him Back
[12:18] Nathan’s Advice to Pass On: Consistent Action and No Excuses 
[14:11] Nathan’s Current Projects
[15:16] On Hiring the Wrong and Right People
[20:08] The Benefit of Networking for Your Real Estate Career

Quotes:

[08:02] “My business partner and I were running this company [and] luckily our wives work. So we were able to live off of what they made…I think that might have been a handcuff to be like, ‘Hey, if we're not paying ourselves, it's okay.’ So it was a double-edged sword. .”
[15:48] “I can't do everything—I wish I could. But hiring solid team members has been the best thing in my life where I can just be like, ‘Hey, I need you to do this.’ And they do it better than I can. And it's like the best feeling ever.”
[18:06] “That's the advice that I would have for people…education is great, but you need to take action, and then you're gonna find out what you don't know real quick.”

Connect with Nathan:

Website: investordrive.com
Instagram: https://www.instagram.com/nathanpayneofficial
Youtube: https://www.youtube.com/@NathanPayneInvestorThriveTV

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

In this episode, we hear from an individual who has faced financial challenges and has taken steps to overcome them, eventually finding success. Our guest's journey has been one of great highs and lows, and they will share their experiences and insights with us.

Joining us is Brett McCollum: a successful real estate investor and wholesaler from Gainesville, Florida and the owner of MVP Group International. Brett shares his personal story of overcoming financial struggles and achieving success in the industry, offering valuable insights and advice for other investors facing financial challenges. 

Tune in to hear Brett's journey and gain valuable knowledge on how to overcome financial obstacles in the world of real estate investing.

Key Takeaways:

[00:42] Introducing Brett McCollum
[04:32] Brett on Growing up in Poverty and Other Employment and Financial Struggles
[16:50] How Brett Started in Real Estate
[24:10] On His Money Mindset Early On, and Learning How to Properly Manage It
[28:01] Why Building Habits is Key to Becoming Better With Money Management
[30:00] How Brett Learned to Pay Himself
[34:07] Brett’s Breakthrough Moment and Working With His Wife to Manage Their Finances
[40:34] Connect With Brett
[42:39] Closing Remarks

Quotes:
[26:09] “In the coaching programs that I have, most of them don't teach you how to keep your money. And I guess that's absolutely the reason why you wrote [Profit First for Real Estate Investors].”
[27:42] “I make plans for my business and how to market. I make plans for my business; how to generate those leads. I make plans for how to sell those deals. I make plans for how to do this and everything. Shouldn't I then also make a plan for where my money goes?”
[32:30] “If I hadn't had a profit first plan, 2020 would have crushed me.”

Connect with Brett:

Facebook: https://www.facebook.com/brettcmccollum

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

In this episode of the Profit First for REI podcast, we have Shauna, the Tax Goddess. Shauna is a highly sought-after Tax Strategist who helps successful business owners, entrepreneurs, and high-wage earners reduce their tax burden.

If you need practical advice on keeping more money in your pocket and not paying too much tax, Shauna has a wealth of knowledge! 

In this episode, she shares ways to save money on taxes and more ways to increase your profitability. Enjoy the show!

Key Takeaways:

[00:55] Introducing Shauna the Tax Goddess
[01:45] 'The Tax Goddess'
[03:18] How did she become a tax strategist?
[07:25] Ordinary, necessary, reasonable
[12:28] Different tax strategies
[17:29] What is your aggression scale?
[19:51] Specific tips for real estate investors
[25:45] Performance vs Culture
[28:40] Connect with Shauna, The Tax Goddess

Quotes:

[10:49] "A lot of what you do as a business owner, you need to run through this filter of ordinary, necessary, and reasonable to determine if for you and what you are doing, you believe that you need those three."
[16:24] "Which strategy will be the best depends on what you as a taxpayer want for you, your family, and your wife."
[18:09] "Your aggression scale will determine which strategies you can use or don't use."

Connect with Shauna:

Website: https://taxgoddess.com/

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David

One of the many goals of entrepreneurs is to build a business to the point that you can exit while it generates passive income.

George Salas is one of the many investors who had the same goal until he ran out of money from the get-go and struggled to pay himself. Finally, he realized he had to take charge of his cash flow. He then began to implement Profit First and take steps to ensure his finances were managed correctly. 

George is a real estate investment strategist and the CEO of Renovestors. He now utilizes the lessons he learned on money management to help other investors with his cash flow, and he joins us today to share his experience.

Key Takeaways:

[00:57] Introducing George Salas
[04:56] George Salas and His Money Struggles, Especially as a Beginner
[07:21] On Struggling to Pay Himself and Taking Initiative to Manage His Money
[13:42] On Adjusting to the Recession and Generating Profitability
[17:34] Why Do Many Investors Live Deal-to-Deal?
[20:36] On Lessons Learned and New Perspectives on Money
[22:28] Lessons to Pass on to His Kids
[24:20] George’s Keys to Success: Prioritize Personal Development
[27:08] What is Time Blocking?
[29:47] Advice for the Audience: Have an Attitude of Excellence
[32:55] Connect With George

Quotes:

[17:12] “I built a portfolio with the wrong strategy, because [it was the] wrong strategy for what I wanted as a goal.”
[24:50] “My biggest habit has been personal development, right? Making sure that I have a growth routine.”
[29:54] “Even if you're going to deal-to-deal or you do have a goal, there's always a way to improve what you're doing. So in order to do that, you've got to have an attitude of excellence.”

Connect with George:

George’s Website: www.georgesalas360.com
Free Training on Generating a Cash Flow Machine: www.jumpstart2freedom.com

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

One of the most common goals in real estate investing and building wealth is developing that peace of mind that comes with financial security.

Joining us today is Nick Prefontaine, an investor, speaker, founder, and CEO of Common Goal. He talks about the difficulties he and other investors experienced and how he has managed to build his success and achieve that peace of mind through financial management.

Tune in as he talks about his investment journey, the influences and lessons he learned growing up with a dad who is a real estate investor, and implementing Profit First!

Key Takeaways:

[00:52] Introducing Nick Prefontaine
[03:02] On Nick Starting His Investment Journey After Coming out of the Hospital
[09:49] Money Struggles Nick Experienced During His Journey
[17:32] On Learning Money Management Early
[24:46] Employing an Abundance Mentality: How Investors Can Stop Living Deal to Deal
[28:19] Taking Things a Step at a Time: Nick’s Keys to Success
[30:22] Advice for Real Estate Investors
[32:03] Outro

Quotes:

[11:46] “In order to influence people, in order to let them help you, you have to allow them to bring down their walls. And that's done by relating to them.”.
[19:24] “The principles that I learned in [the Millionaire Mindset seminar] they stick with me to this day, and really it really allows me to have so much more flexibility and peace of mind.”
[28:50] “You have to just take your first step. And then once you take your first step, it allows the next step to become possible. So just breaking it down, David, to taking things one step at a time.”

Connect with Nick:

Nick’s Master’s Class: https://smartrealestatecoach.com/mastersclass

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

In real estate investing, it is essential to have guidance and direction for your business.

Our guest, Dwan Bent-Twyford has been in real estate for 30 years, tells you the importance of mentorship and how it helped her manage her finances. 

Join us as we talk about Dwan's career, financial struggles, and what turned her from spending every dollar to not becoming broke. 

Key Takeaways:

[01:00] Introducing Dwan Bent-Twyford
[02:34] Dwan on What Excites Her About Real Estate Investing
[04:00] Financial Struggles in Her 30 Years Investing Journey
[09:08] Dwan's Experience of Living Deal to Deal
[12:09] How Financial Classes Helped Dwan in Managing the Money
[18:37] Lessons Dwan Wants to Pass on to Millenials
[23:34] Dwan's Advice to Real Estate Investors
[25:25] Connect with Dwan Bent-Twyford

Quotes:

[07:52] "If I have someone like you that gave lessons, 'this is what you need to do to be successful, and 'these are the steps,' I feel like I would have listened this time."
[17:33] "No matter what you do, you work for yourself. There was no freedom outside of working for yourself."
[19:14] "If you would take the risk to work for yourself, I don't think you ever regret it."
[20:04] "If you put the value of time as your most valuable asset, you will look at it differently."

Connect with Dwan:

Website: https://dwanderful.com/

Tired of living deal to deal? 

If you are a real estate investor or business owner tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either I or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David

Now is an excellent time to start investing no matter where you are, no matter what age you are. 

We've got Mark Podolsky, a land geek sharing his knowledge on conquering the fear of investing and financial insecurity to move forward to achieve the tri-factor of life: Money, Health, and Time. 

Listen as Mark shares how Profit First impacted his business and gained knowledge on how he transforms lands into a passive income now!

Key Takeaways:

[01:00] Introducing Mark Podolsky
[01:54] Mark on What Excites Him the Most about Real Estate Investment
[03:49] Financial Struggles He Experienced in the Past
[08:24] Mark's Insight on Why Most Investors Live Deal to Deal
[12:07] Profit First's Impact on His Business
[15:26] How His View of Money Changed Over the Years
[20:51] One Key for Mark's Success in Life
[23:08] Hardest Lesson Mark Learned in His Real Estate Investing Career
[25:04] Mark's Advice to Real Estate Investing Community
[28:03] Connect with Mark Podolsky

Quotes:

[05:54] "Stuff is great, vacations are great, cars are great but that doesn't make me happy."
[18:27] "There will never be better times of your life when you have the tri-factor of life: Money, Health, and Time."
[21:43] "Many people are spending so much of their days, life, and energy on this thing called money that doesn't fulfill them, doesn't light them up, isn't their true purpose."

Connect with Mark:

Website: https://www.thelandgeek.com/

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David

Profit First isn’t just a massive benefit for real estate investors—it can benefit any business across various industries.

To show you just how valuable the Profit First method can be, we’ve got AJ Aluthwala joining us today! He is an app developer, co-founder, and CEO of KallistoArt Online Marketing, a company that helps develop high-conversion websites and mobile apps for other businesses.

AJ is also a big advocate for the Profit First method! Listen as he shares his story in this episode.

Key Takeaways:

[00:43] Introducing AJ Aluthwala and His Projects
[03:54] AJ’s Money Struggles and Profit First Journey
[09:57] Why AJ Implemented Profit First Right Away
[11:30] Some People Live Paycheck to Paycheck Because of the Lack of Knowledge in Financial Management
[14:46] AJ’s Journey Into Entrepreneurship
[16:42] AJ’s Years of Entrepreneurship Before Profit First
[19:04] How AJ Restructured the Business With Profit First
[21:08] What Money Lessons AJ Wants to Teach to His Kids
[26:31] Persistence and Adaptability: AJ’s Keys to Success
[28:18] Connect With AJ

Quotes:

[09:37] “When you have $0 in your bank account, it's very easy to implement all things.”.
[12:08] “A lot of people like myself have not really been schooled, or [don’t] have school about managing money, or don't have the background about money management.”
[17:19] “When things aren't going right for you, you start seeing shiny objects, and then you start running after shiny objects… And that's what happened to me… Because [of] all of that, I was introduced to Profit First. And out of that, I was able to take profit first seriously.”

Connect with AJ:

AJ’s Website: https://www.aja360.com
ElleApps Website: https://www.elleapps.com

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Joining us for today’s episode is Mike Hambright, the CEO of Investor Machine, a real estate investor, mentor, and coach. He is also the Founder of the Real Estate Investor VIP Show and Investor Fuel, the top Real Estate Investor Mastermind in the country.

Mike is a prominent figure in the real estate investing world due to his passion for using his platform to provide value to the real estate investing community, dedicated to helping every investor find personal success. He joins us in this discussion to do exactly that.

Catch the full discussion on this episode of the Profit First for REI podcast!

Key Takeaways:

[00:42] Mike Hambright and Real Estate Investing
[05:25] Mike’s Money Struggles
[08:14] Why Should You Set Up a Financial Management System?
[11:47] Why Should You Have Someone Who Knows Your Business’s Numbers on Your Team?
[12:48] Mike’s Perspective on Why  Investors Often Live Deal to Deal
[15:57] Advice for the Next Generation of Real Estate Investors
[18:30] On Tenacity and Confidence: Mike Hambright’s One Key to Success
[23:47] On Giving Up Control: The Lesson Mike Learned the Hardest
[26:51] Surround Yourself With the Right People: Mike’s Advice
[28:26] Connect With Mike

Quotes:

[19:19] “Failure needs to be a stepping stone.
[27:02] “Surrounding yourself with the right people.”
[27:57] “You can invest your way up that learning curve.”

Connect with Mike:

Investor Fuel Website: https://www.theinvestormachine.com/front
Investor Machine: https://investorfuel.com/
Mike’s Facebook: https://www.facebook.com/mlhambright

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Are you the type of business owner who doesn’t know their numbers and feels guilty because of it? It’s time to fix that.

Our guest, John Humphrey, used to be the same—until that mindset led to his finances spiraling into ruin. Now he runs his business with a new perspective: not only is he dedicated to knowing his numbers, he also works with people with complementary skills and uses a financial management system.

Join us as we talk about John’s career, short-term rental business, money struggles, and how he changed his life by applying a better money mindset! 

Key Takeaways:

[00:59] Introducing John Humphrey
[02:50] John’s Career History
[05:55] John’s Epiphanies Around Money Struggles
[09:06] Why You Should Hire Help and Use a Financial Management System
[14:49] Why Do Investors Often Live Deal to Deal?
[18:36] How Losing Everything Inspired John to Educate Himself on Finances
[25:00] How Knowing Your Numbers Makes You a Better Business Owner
[26:41] John’s Current Projects in the Short-Term Rental Vacation Space
[32:10] Connect With John Humphrey

Quotes:

[06:51] “I saw people having really the same struggles, like, it's all about making money, but then when you had the money, they didn't know what to do with it.”
[08:13] “I felt guilty that I didn't have the financial expertise with my money.”
[07:34] “[After using a financial management system] It wasn't just looking at a number—there was a purpose.”
[23:28] “I used to run my businesses pretty much by emotion and going for things…Now [we] have a CFO…we brought in professionals on our team that we never did before.”

Connect with John: 

Website: https://www.linxstr.com

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Are you an investor who wants to transition from single-family to multi-family investing?

We’ve got Sean Thomson with us today to give us his knowledge on multi-family real estate investing. He himself has made the jump from working in the single-family space to founding the Thomson Multi-Family Group and working with accredited investors to join his ventures throughout the country.

Join us as we cover multi-family real estate and beyond, including financial independence, self-belief, and more, in this episode of the Profit First for REI podcast!

Key Takeaways:

[00:40] Introducing Sean Thomson 
[02:03] Sean on Why He Chose Real Estate and Multi-Family Investing
[07:07] His Current Progress in His Multi-Family Journey  
[12:06] Financial Struggles He Experienced in His Journey
[17:06] What You Need to Start in Multi-Family Investing
[24:41] On Sean Working With His Family
[27:52] The Biggest Lesson Sean Has Learned in His Investing Journey
[31:11] Connect With Sean Thomson

Quotes:

[07:28] “I had to convince myself to believe in ME.”
[07:34] “I feel like one of the big things that happen in real estate is you always hear this old adage that real estate investors are extremely wealthy on paper, but they're broke in their bank account.”
[14:17] “We're constantly reinvesting…We're always looking at how to create a better future. And I think that's a very important skill for anybody that's going to be in any business.”.
[28:23] “I think if you think things through—if you really think about the strategies you're deploying, if you do things on a fundamental level that are solid and principled, and if you do your business properly—I don't think losing money is an inevitable inevitability.”

Connect with Sean:

Website: https://www.thomsonmultifamilygroup.com/

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Today’s guest is Steven Pesavento. He is a real estate investor, a high-performance coach, and an expert in mindset and marketing. He hosts the Investor Mindset podcast and is the President of VonFinch Capital, an investment firm focusing on Multifamily Real Estate for executives and entrepreneurs. 

Steve joins us to share his thoughts on anything between mindset, money management, multifamily real estate, and his personal journey starting in the investment space. 

He’s got a ton of amazing nuggets of knowledge for investing veterans and newcomers alike! Catch all of it on this episode of Profit First for REI!

Key Takeaways:

[00:58] Steven Pesavento and Real Estate Investing
[07:14] On Financial Struggles in the Real Estate Investing
[14:40] Why It’s Necessary to Have a Business Plan 
[17:34] On Multifamily Real Estate and Syndications
[25:12] Steven Pesavento’s Keys to Success and the Importance of Mindset
[30:00] Connect and Engage With Steven

Quotes:

[02:27] “What excites me about real estate investing is that it can unlock so many doors for people…My belief is that everyone, what they're really looking for when they get into real estate is they're looking for more freedom, flexibility, all with the purpose of having more fun. And I think there's no better path or no better vehicle to get in than real estate in order to help do that.”
[07:34] “I feel like one of the big things that happen in real estate is you always hear this old adage that real estate investors are extremely wealthy on paper, but they're broke in their bank account.”
[21:55] “My success has really come down to mindset. [I] define mindset [as] the thoughts and beliefs that directly lead to the actions you take and therefore the outcomes you experience.”

Connect with Steven: 

Investor Mindset Podcast:  https://podcasts.apple.com/us/podcast/id1459472778
Free Playbook:  https://www.vonfinch.com/playbook
Website: https://www.stevenpesavento.com/
Instagram: https://www.instagram.com/steven.pesavento

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Money management is a powerful thing for entrepreneurs—very often, it can mean the difference between living paycheck to paycheck and seeing profits. Real estate investors often operate without knowing there is a better way to manage their earnings by adopting a solid money management structure.

For our guest, finding success early in his life led to the need for stable finances. Greg Helbeck’s continued upward trajectory made him realize that he had to treat money with respect—and that’s where Profit First came in.

On this episode of Profit First for REI, Greg and I talk about his journey in money management and being a leader. Listen in!

Key Takeaways:

[00:43] Introducing Greg Helbeck
[01:53] On Knowledge He’s Gleaned From Reading 
[04:28] On How His Money Mindset Changed After Profit First
[08:50] The Hardest Lesson He Has Learned in Real Estate Investing
[11:04] On Managing a Team
[21:16] Greg’s Advice for Real Estate Investors
[23:50] Connect with Greg

Quotes:

[06:11] “If you are not prepared to have ups and downs from your cash flow, no matter how much marketing you do, if you don't save that money, and you don't have reserves, you're going to really get mentally stressed out.”
[13:29] “ If you're going to be a one-man show forever, that can work—you can make great money. But you're never gonna get to a level where you're making net seven figures [or eight].”
[21:55] “If you master lead generation and you master communication, you will earn income.”

Connect with Greg: 

Podcast: https://podcasts.apple.com/us/podcast/pave-the-way-podcast-with-greg-helbeck/id1459746507
Instagram: https://www.instagram.com/grego_37
Website: https://www.velocityhousebuyers.com/
Email: greg@velocityhousebuyers.com

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Know other people's stories. It is Scot Poirier's striking advice for investors on their first deal.

In this episode of the Profit First for REI podcast, Scot, a successful real estate investor and coach, gives you practical advice on investing in real estate and how to get a seller to open up.

He also shares his story of his first deal and the challenges he overcame in his journey. Listen to have the right motivation and hope to pursue your real estate investing journey. Enjoy the show!

Key Takeaways:

[00:39] Introducing Scot Poirier
[02:55] Life before real estate investing
[06:17] His very first deal
[09:57] After repair value
[10:49] The wake-up call
[16:51] Learning about people
[25:28] How can you make people open up to you?
[30:22] Remove 'permission language'
[33:10] Connect with Scot Poirier

Quotes:

[05:13] "People are people. They have crises, and they need to have a sense of trust to work with you."
[10:51] "When you don't know that you don't know, you might get lucky on a deal, but when the other shoot drops, it hurts."
[29:12] "Don't give up. Surround yourself with good people. People that have your interest in mind."

Connect with Scot:

Website: https://www.facebook.com/scot.poirier

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David

Today’s guest is Brett Snodgrass, an investor-entrepreneur and the founder of Iron Deep and Simple Wholesaling. Prior to founding his own businesses, Brett spent years as a real estate investor and expanding his professional tool kit. 

After steadily growing his experience and expertise, Brett slowly scaled up his business, hiring people in roles he used to do on his own, eventually even stepping down and hiring a CEO for his company.

On this episode of Profit First for REI, Brett shares his history in real estate investing, Profit First, and how he got to where he is today. Tune in!

Key Takeaways:

[00:48] Introducing Brett Snodgrass
[03:14] Brett on Real Estate Investing 
[08:45] On Building Success by Surrounding Yourself With Successful People
[15:37] Brett on Experiencing the Lack of Financial Clarity
[17:50] On Struggling to Pay Himself
[20:51] Factors That Keep People Living Deal to Deal
[23:56] Money Management as an Art to Teach to His Kids
[29:56] Connect With Brett

Quotes:

[04:41] “I don't know what other business model [other than real estate investing]–for me at least–that I can really build that financial freedom.”
[09:12] “That gave me confidence, to be around people in mastermind groups.”
[24:09] “I think that making money is an art. I think it's something that you can learn at a very young age and just like an artist or musician”

Connect with Brett: 

Podcast: https://podcasts.apple.com/us/podcast/the-brett-snodgrass-podcast

IronDeep: https://www.irondeep.com/

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Today’s guest is Sharon Vornholt, a real estate investor and business coach. She has been in the property business since 1991, starting with her home inspection business before kicking off a career in investment in 1998. 

Since 2013, Sharon has been running a successful blog and podcast, providing value on real estate investing to her audience. She has since expanded into providing coaching services on marketing and the industry for other investors who seek success.

On this episode of Profit First for REI, Sharon’s going to share the wealth of knowledge she has accumulated in her years. Don’t miss it!

Key Takeaways:

[01:41] Sharon Vornholt and her Background

[05:02] Sharon and Her Career as a Marketer

[06:19] Direct Marketing and Branding

[08:08] On Probates

[10:28] On Learning About and Implementing Profit First

[14:43] On Her Money Mindset Then and Now

[16:21] Beliefs to Pass on to the Next Generation of Investors

[22:18] Advice for the Real Estate Investing Community

[24:04] Connect With Sharon

Quotes:

[12:41] “We all understand income and expenses, and you got to have the money coming in to pay the bills. But [the Profit First Approach] is at a much deeper level…it challenges you really to look at money differently.”

[17:03] “I think you have to invest in yourself, you have to invest in your education, because why should you have to learn everything the hard way, when you can get a coach?”

[22:59] “Focus on getting the leads in the door, and focus on your brand–even if you're brand-spanking new.”

Connect with Sharon:

Blog & Podcast: https://louisvillegalsrealestateblog.com

Probate Course: https://probateinvestingsimplified.com/

Website: https://sharonvornholt.com/

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Time is without a doubt one of our most important resources, but how we spend it often doesn’t get the consideration it deserves. Time is a finite asset we pull from for every single activity we do in our lives, from lifestyle to work, and like any resource, we should be smart about how we invest it.

Our guest today is an expert on the subject. Justin Donald is the author of The Lifestyle Investor, a book all about finding balance between work and personal time, and investing with an emphasis on achieving the lifestyle you want.

His entire philosophy on putting lifestyle first has a fantastic intersection with the Profit First method’s focus on making sure that the owner-investor gets their share. Tune in!

Key Takeaways:

[00:43] Justin Donald

[02:29] The First Commandment: Lifestyle First

[06:35] Why People Live With the Intentionality of Putting Themselves First

[10:17] On the Money Struggles Justin Has Experienced

[14:22] On the Lion Logo on His Book

[18:06] Money Mindset to Pass on to His Children 

[22:00] Justin Donald’s Keys to Success

[28:08] The Hardest Lesson Justin Has Learned

[30:36] How Listeners Can Provide Value Back to Justin

Quotes:

[03:36] “For me, the whole purpose of life is to be in control of your time, to be a time billionaire, to really buy your time back and spend it in a way that you see fit.”

[13:33] “You're just a mindset shift away from this abundant place, this opportunity of never running out and having more than you can ever use.”

[26:12] “The more you hang out with people that are bigger thinkers, you're just naturally going to become a bigger thinker.”

Connect with Justin:

Get a free copy of his book: lifestyleinvestorbook.com

Buy a copy: The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom

Website: justindonald.com

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Joseph “Joe” Theriault is today’s guest on Profit First for REI! He’s a real estate investor and owner of Inherited Property Solutions, a company focused on helping people liquidate inherited property. He is also actively involved in rehabs, novations, wholetail, wholesale, and brokerage.

This is one of my favorite episodes so far. Joe goes into the struggles he experienced when he took over the financial side of his business while retaining his old habits. He became unable to pay himself first, stressed over work, and found difficulty managing the company’s numbers. 

Everything changed when Joe made the conscious decision to take leadership coaching and apply Profit First in his business, developing his systems and mindset. Check out the whole discussion here!

Key Takeaways:

[00:49] Joe Theriault, His Background, and Journey
[07:39] On Getting Leadership Coaching
[09:29] On His Financial Struggles and the Benefits Profit First
[15:26] How His Business Struggles Affected His Life and Leadership
[19:24] On Being Able to Pay Himself 
[22:32] On Overcoming His Habits and Fears and Developing as a Leader
[29:55] How to Connect With Joe

Quotes:

[08:38] “I'm a big fan of…do what other people do. Just do it better…[You] don't [have to] reinvent the wheel.”
[19:13] “[After Profit First,] my ego and money, all that stuff isn’t intertwined anymore.”
[28:22] “Right people, right seats. That's what my coaches are right now, hands down. Right people right seats…That includes bringing you guys in Profit First.”

Connect with Joe: 

Facebook: https://www.facebook.com/joseph.theriault.35
Email: joe@ipscash.com
Website: https://www.ipscash.com/

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Today we’ve got real estate investor and expert marketer Bryan Driscoll on the show. He is the CEO of Motivated Leads, a digital marketing agency dedicated to helping real estate investors handle their online marketing efforts to generate leads.

Bryan’s expertise gives us a unique, marketing perspective on real estate. He talks about how to improve your marketing efforts in both methods and documentation, and the lessons and mistakes he’s encountered both in marketing and money. Check out the full discussion here!

Key Takeaways:

[00:51] Bryan Driscoll on Real Estate and Marketing
[03:46] From Digital Marketing to Lead Generation
[05:07] Getting Consistent With Your Digital Marketing
[06:45] On Tracking Expenses
[09:25] Lessons Learned on Money
[11:05] Knowledge to Share With the Next Generation of People Going Into Real Estate
[12:07] The Principles of Successful Marketing
[14:31] Common Mistakes People Make in Marketing
[16:24] Advice and Actionable Marketing Decisions for the People in the Real Estate World
[18:01] How to Connect with Bryan

Quotes

[07:12] “Make sure your messaging is extremely direct.”
[12:48] “Track data sources so you can tell which sources give you good traffic, [and] which sources are giving you bad traffic.”
[17:17] “Get outside of your head, don't don't overthink it–set up a [marketing] campaign. Even if it's two bucks, or five bucks, go in and set it up.”

Connect with Bryan:

Website: motivated-leads.com

Tired of living deal to deal?

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

On this episode of Profit First for REI, we’ve got my good friend Casey Smith. She is the owner of Atlas Transaction Coordination Services, a company that handles real estate deals of all forms. She works with a lot of real estate investors, closing over 1,500 transactions as an individual realtor and business owner.  

Casey shares her journey in the real estate investment space, the struggles she has experienced as a business owner, and her perspective on the challenges and the keys to success for real estate investors. Catch the discussion here.

Key Takeaways:

[00:52] Casey Smith
[02:19] On What Excites Her About Real Estate Investment
[03:36] Transaction Coordination
[04:20] Struggles and Financial Stress as a Business Owner
[09:08] The Investor Struggle of Paying Themselves and the Importance of Knowing Your Numbers
[20:29] Her Biggest Keys to Success
[23:07] Tasks That Casey Prefers to Outsource to Experts
[26:01] Connect with Casey Smith

Quotes:

[06:30] “You have to first understand your time and money cost…Unless you're paying attention and doing time studies…you're really not going to know how much time you're spending to make what you make.”
[14:50] “Due diligence happens in the transactional process because you can do your numbers on the house but if it doesn't close, it doesn't matter.”

[21:04] “If you've got the mentality to adapt, or pivot and find the opportunity, wherever you are, then I think you can be successful in this industry.”

You have to first understand your time and money cost. And I think that that's it unless you're paying attention and doing time studies, and going really in-depth there, you're really not going to know how much time you're spending to make what you make.

Connect with Casey: 

Website: AtlasTCservices.com

Facebook: https://www.facebook.com/AtlasTCservices 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

On this episode of Profit First for REI, we have Jack BeVier, a real estate investor with Dominion Financial Services. He has worked in multiple aspects of investment real estate, and has contributed to the growth of the company into a recognizable name in the national lending scene for real estate investors. 

Jack comes on the show equipped with an abundance of knowledge in a wide-array of real estate investment fields, finance, and business building, offering a wealth of value to the people listening. Catch the discussion here.

Key Takeaways:

[00:43] Jack BeVier and His Real Estate Journey
[08:20] On Starting Businesses and What He Would Do Differently in Hindsight
[13:47] His Lessons Learned on Money
[17:57] Advice for the Next Generation of People Getting Into Real Estate
[21:33] Dominion’s Loan Products Suitable for Real Estate Investors
[23:20] Last Piece of Advice for the Audience

Quotes:

[04:47] “I was fortunate to start young...In real estate, youth is a humongous advantage.”
[16:59] “In single-family real estate investing…it's best to learn how to do a couple of different things that complement each other.”
[24:15] “Getting into hard assets where you can get attractive leverage and do it at a young age, you won’t help but be able to retire [early].”

Links:

Connect with Jack - rental-loans.com 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Neil Timmins is the CEO of Legacy Impact Partners, a company that invests in residential, commercial, and even medical real estate. He has been in the industry for 18 years, starting as a realtor, moving on to flipping houses, investment, and even coaching and mentoring.

Neil has since built up quite a portfolio and extensive experience. He gives us insight into money and people management, developing the right habits, and the lessons he learned that have since helped him build his success in the industry.

Key Takeaways:

[00:46] Neil Timmins and His Background

[03:01] Real Estate Investing and Making an Impact

[05:38] On Spending and Investing

[07:10] Struggles With Money and Hiring the Wrong People 

[10:57] On Applying More Control and Finding Unicorns

[14:37] On Developing Good Money Habits

[22:18] On Personal Finances and Family

[24:57] Neil Timmins’ Key to Success

[27:07] Connect With Neil

Quotes:

[12:14] “[Success] requires bringing on the right people.”

[20:45] “We are what we habitually do. And so it's imperative that if you want to be financially successful, you do what financially successful people do.”

[25:25] “Find a determination that is second to none.”

Links:

Connect with Neil - legacyimpactpartners.com 

Piece on uncovering commercial real estate/cheat sheet - legacyimpactpartners.com/gift

Unicorn Hunting for Real Estate Investment Companies: How to Easily Attract, Screen, and Land a Unicorn - The Complete Hiring Funnel - https://legacyimpactpartners.com/book/

Profit First Real Estate Investors FB Group - https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO - https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Aryeh Sheinbein has done stocks, real estate, business buying, syndications, and more. He started with investment banking after graduating with a finance degree, and from there, built an impressive portfolio and even more impressive well of knowledge and experience.

Aryeh Sheinbein’s expertise gives us profound insight into understanding numbers, cashflow and profit, and why implementing Profit First is a tremendous benefit to your business.

Key Takeaways:

[00:51] Aryeh Sheinbein and His Background

[03:51] How Aryeh Sheinbein Started on Money

[08:07] On Profit First

[13:52] The Benefit of Profit First for Real Estate Investors 

[18:58] The Key Indicators in Finances to Look Out For 

[22:38] The Concept of Product Agnosticism

[26:48] Advice for Real Estate Investors

[22:44] His Advice for the Real Estate Community

Quotes:

[09:42] “The biggest driver isn't revenue, isn't profits–it's cashflow.”

[16:08] “You need to understand where the money is.”

[27:09] “Whether you want to be in the stock market, or whether you want to be in real estate [you have to ask yourself]…Are you creating a new job for yourself? Or are you actually creating some sort of passive income?”

Links:

Aryeh’s Instagram - https://www.instagram.com/aryehthebusinessman/?hl=en

The Investment for Wealth Coaching Program: solutionadvisory.com

Inside the Lion’s Den Podcast https://insidethelionsdenpodcast.com/

Profit First Real Estate Investors FB Group-https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO-https://simplecfo.com/

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Brandon Neely is an experienced entrepreneur and dedicated financial planner who runs the Wealth Wisdom Financial Podcast with his wife and business partner, Amanda.

After a difficult and emotional second year of running a coffee shop business, Brandon and Amanda started their foray into dedicated financial planning. This led them to Profit First and applying its principles in both their business and personal finances.

In this episode, Brandon shares his insight on the importance of valuing your work and your worth, and why you should start implementing Profit First into your life.

Key Takeaways:

[00:46] Brandon Neely and Profit First

[03:26] The Struggles Brandon Experienced During His Journey

[07:12] On People Devaluing Their Work and Not Paying Themselves

[11:11] The Infinite Banking System 

[16:05] On Passing on Profit First Principles

[20:40] On Lessons Learned After His Hardest Year 

[22:52] The Effect of Money

[26:28] The Importance of Quality Questions

[22:44] His Advice for the Real Estate Community

Quotes:

[06:30] “We need to start paying ourselves…as a business owner, we weren't the only ones dealing with this not paying ourselves. It is like a plague.”

[07:54] “We devalue our own efforts or works…I think that sometimes, we don't realize that we need to [stop doing] that.”

[15:28] “It's just thinking about where you put your money so it can multiply.”

[23:18] “What are your goals?...The hard part is most people have not actually thought about them, or talked to their spouse about that.”

Connect with Brandon: 

Still Method- stillmethod.com

Profit First Real Estate Investors FB Group-https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO-https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Joining us in this episode of Profit First for REI podcast is Chris Johnsen. He is a lawyer in the real estate space and worked primarily for commercial real estate.

In this episode, Chris talks about the common pitfalls people go through in real estate and when you need a lawyer in your business.

Listen as he explains why you should hire a lawyer for your business contracts. Enjoy the show!

Key Takeaways:

[01:03] Introducing Chris Johnsen
[04:34] Getting into a specific niche as a lawyer
[09:03] Education as an investment
[14:52] The Golden Handcuffs
[17:21] Most common questions he gets as a lawyer
[23:20] Operating Agreement
[26:48] At what point should people get a lawyer?
[30:47] Connect with Chris Johnsen

Quotes:

[02:43] "I saw two things in lawyers. I saw that they provide value that is needed and are expensive."
[09:03] "You should look at your education as an investment in yourself."
[23:20] "Operating agreement is a contract between the company's owners on how to run the company... there are so many pitfalls."

Connect with Chris:

Website: https://www.johnsenlaw.com/

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David

From effective synchrony in his businesses and to having an altruistic mission, Daniel Martinez has come a long way in his 4-year career in real estate. 

He is a commercial investor, co-owner of a data company, and founder of HiveMind, a CRM tool designed for real estate investors. This portfolio of assets and skills gives him a view of the market from multiple angles, no doubt instrumental to his success.

Daniel also uses his unique position to share the knowledge he gains with so many in the real estate community, just as he does on this episode of Profit First.

Listen in on the discussion!

Key Takeaways:

[00:00] Daniel Martinez and His Background

[04:10] The Entrepreneurship Bug and Starting Real Estate

[07:06] Starting the Hive With Us Podcast

[08:50] On Going Into Data and Software 

[11:06] Lessons Learned About Money

[14:59] On His Business “Why” 

[17:00] On His Legacy for His Children

[19:07] The Challenges and Opportunities in Real Estate

[22:44] His Advice for the Real Estate Community

Quotes:

[07:46] “The power of content and going into the digital space is that it’s there forever.’”

[09:16] “You build your own infamy off the content that you produce.”

[09:57] “When you do a business, you always want to build other businesses around that business.”

[12:50] “If you throw your profits right back into the business, recycle it, and grow it, it can lead into large numbers.”

[19:49] “If you do enough marketing, you’re going to trip into a deal. You don’t have to be the best negotiator.”

Links: 

Facebook: HiveMind CRM - https://www.facebook.com/groups/hivemindcrm/about/

Text HIVE at: +1-210-972-1842

Profit First Real Estate Investors FB Group-https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO-https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Two of the most important resources a business owner needs are knowledge and mindset.

In this episode, we have Steve Rozenberg sharing the wisdom he’s developed over the years along his business journey.

A full-time pilot, investor, business owner, and now a business coach, Steve emphasizes how important knowing your numbers is and how getting a coach is one of the best decisions you can make in business.

But more than just managing your finances, he talks about how maintaining your mindset is just as important when thinking about money and making business decisions.

Catch all that and more on this episode of the Profit First Podcast!

Key Takeaways:

[0:49] Steve Rozenberg and His History
[5:52] Why Get a Business Coach
[9:48] Learning the Importance of Knowing Your Numbers
[13:07] On His Money Struggles
[19:45] Including the Spouses in the Business
[21:47] Implementing Profit First Into the Business
[28:50] On Action Being the Key to Success

Quotes:

[7:26] “We go to see this business coach to do a diagnostic, and we are going to walk out of here with a silver bullet.”
[10:39] “You grow exponentially, your gap gets bigger. At some point, you cannot fill that gap.”
[12:39] “The numbers are telling you a story, and we had no idea what that story was until we started becoming masters at reading that language.”
[16:28] “I think every business has money [struggles], but I think the mindset is what causes people to look at it differently.”
[17:46] “You can never shrink to profitability. You can never take a company and keep cutting expenses without growing the company.”

Links:

Steve’s Instagram - https://www.instagram.com/rozenbergsteve/
Steve’s Website - https://steverozenberg.com/
Steve’s Podcast - https://podcasts.apple.com/us/podcast/high-stakes-with-steven-rozenberg/id1618253812

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

In this conversation with Chris and Julie Gould, sibling business partners for a real estate wholesaling company, we get to hear all about how implementing Profit First can change your business and your personal life for the better.

They share how they experienced the feeling of almost living paycheck-to-paycheck despite having good numbers and the stress of the lack of clarity–that is until they heard of Profit First.

Now they enjoy financial comfort in their personal lives, running a business independent from its visionary, focusing on new ventures, and diving deep into creating more clarity in their business to make better data-driven decisions. 

Check it out on this episode of the Profit First Podcast!

Key Takeaways:

[0:57] Chris & Julie Gould and on Working With Family 
[6:44] On their Wholesaling Company
[10:53] On Profit First
[15:27] On the Stress Before Profit First 
[17:00] How It Felt to Implement Profit First for the Business
[19:23] Profit First and Owner Compensation
[25:04] How Profit First Helps Make the Business Be More Independent From Chris
[29:38] On the Growth of Profit First and Their Business
[32:21] What Was The Best Thing You’ve Done With The New Profit Distribution?

Quotes:

[12:12] “Before we implemented the Profit First system, there’s this question that we ask a lot: ‘Are we actually making money?’”
[14:37] “[Before implementing Profit First], it’s almost like living paycheck to paycheck, even though the numbers are a lot bigger .”
[15:04] “A huge part of looking toward Profit First, and implementing more infrastructure in the business, we’re depending more on data than gut-feeling. We have numbers in front of us.”
[18:42] “It’s not worth it to NOT implement Profit First.”
[25:36] “I think a big part of being able to separate and pull [Chris] out of the business was having Profit First to lean on.”
[35:5l; 9] “You live your whole life thinking there’s not another way, and someone pops up and is just jlike, ‘Hey, it doesn’t have to be like that at all.’”

Links:

Level 10-https://level10official.com/
Profit First Real Estate Investors FB Group-https://m.facebook.com/groups/ProfitFirstREI/
Simple CFO-https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Summary: 

Profit First is an amazing method for managing your business’ cash flow, but it can be so much more!

In this episode, we’ve got Jonathan Tovar, real estate investor, entrepreneur, and co-owner of Action REI, as he talks about his business journey before and after learning about Profit First.

He and his brother started their company in August 2019, just a few months before the pandemic hit and dealt a major economic blow on everyone. But through the highs and lows of Action REI, implementing Profit First gave them opportunities and options to keep their business going. Jonathan even started applying the method into his personal finances! 

Listen in on Jonathan’s thoughts and experiences with the Profit First method, and more!

Key Takeaways:
[0:55] On Jonathan Tovar and His Investment Background

[4:33] Jonathan on Profit First 

[8:16] Jonathan’s Situation Before and After Profit First

[14:14] How Profit First Quickly Changed Their Business 

[18:16] How Profit First Helps Your Business in Difficult Times

[22:54] Implementing Profit First Into Personal Finances

[27:00] What Jonathan Would Do Differently if Started From Scratch

Quotes:

[5:53 ] “Real estate (is a) roller coaster… You get good months and bad months. And what we’ve found is that the Profit First method really helped us out more so in the bad months.”

[8:36] “Once you start implementing those things, like Profit First especially, then you start really treating it like a business.”

[15:14] “Profit First (gives you) peace of mind in your business and knowing that everything is where it needs to be  ”

[26:11] “It doesn’t make you feel guilty for having a little bit of fun because you know everything is already accounted for.”

Links:

Connect with him through his Instagram @jonathan_action

Profit First Real Estate Investors FB Group-https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO-https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

On this episode of Profit First, we’re going to dive in a bit on “Knowing Your Numbers” and more with Paul White!

Paul White is an orthodontist and real estate investor whose investment journey started the same way as most people’s–through passive investment. Paul didn’t realize how important knowing your numbers really are. So if you can’t do your due diligence, then at least find a way to have clarity over your portfolio to optimize your returns and make the best decisions possible.

This led to the creation of the Real Numberz app, designed to organize your investments so you can get full transparency with less work. 

Catch Paul’s insights on doing due diligence, why clarity over your numbers helps you have better control over your investments and more!

Key Takeaways:
[0:46] Paul White’s Background in Real Estate Investment and Professional History

[4:32] The Importance of Knowing Your Numbers in Real Estate

[6:58] Building an App to Keep Track of Investment Numbers

[10:29] Why You Should Know Your Numbers

[14:39] How Profit First Helped Paul’s Journey 

[19:49] How Does Knowing Numbers Help Investors?

[24:08] Paul’s Investment Tips

Quotes:

[8:42] “There is a sense of chaos and unease that comes with not knowing.”

[8:58] “If you think about the money that most of us invest, it’s at least after expenses and sometimes after-tax… It’s hard-earned money… we just don’t treat it like we should.”

[13:22] “My experience with passive investors, they see a big return, and that’s pretty much the end of due diligence.”

[16:04] “Fear comes from lack of control. Fear keeps us from looking at numbers and from taking the first step.”

Links:

Get a free trial/demo at their website-realnumberz.com

Connect with him through his email at drwhite@realnumberz.com

Profit First Real Estate Investors FB Group-https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO-https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

On this episode of Profit First, we’re going to dive in a bit on “Giving First” with Paul Moore and more!

Paul Moore is a real estate investor and self-proclaimed former serial entrepreneur. His journey started with him jumping from one venture to another, becoming what he calls a “Real Estate Speculator,” owing millions of dollars in debt, before finally finding his footing as a successful investor.

Tune in and hear about his wisdom on real estate investment based on a history full of ups and downs, how he overcame debt with ingenuity and charity, and his key insights to succeeding in investment!

Key Takeaways:
[0:46] Paul Moore’s Background in Real Estate Investment

[2:36] Paul on Self-Storage, and Growing Into an Investor

[6:01] On Struggles and Failures Along the Journey to Success

[10:00] How Paul Got Out of 2.5 Million Dollars of Debt

[13:58] Focusing on One Thing and Hiring an Expert for Others

[17:52] Paul’s Keys to Success

[20:22] Why is it Important to Find Your Big Why?

Quotes:

[5:24] “You’re taking something that you know is a weakness and you’ve turned it into a strength.”

[10:47] “Hope isn’t a good business strategy.”

[19:00] “Putting it in investment terms, if you’re always playing double-or-nothing with your money, someday you’ll end on nothing.”

Links:

5-Day eCourse and eBook on Commercial Real Estate-wellingscapital.com/resources

Profit First Real Estate Investors FB Group-https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO-https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

In this conversation with Daniil Kleyman, you’ll get a chance to learn how to master REI from a real estate developer expert. Daniil has mastered real estate from the ground up. He’s an owner/operator of a development company and established a management software that’s currently helping thousands of investors.

Today we hear from Daniil's insights on how he's been able to grow organically in this field. He’ll be sending us tips on what to do, what to avoid, and how to supersize our efforts and make a profit from them.

Key Takeaways:

[1:43] Daniil’s background in real estate 

[6:11] How did he grow as a real estate investor?

[9:21] How did the “rehab valuator” help him in scaling up his process?

[13:24] What early lessons did he learn about money, and how does it compare with what he’s learned about money today?

[18:07] What are the biggest mistakes or hurdles that investors experience as they start their career in real estate?

[18:53] Become good at one market and strategy. Focus is incredibly important.

Quotes:

5:22 "I find real estate incredibly rewarding outside of the money that you make."

13:49 "A lot of us learn how to manage money but don’t know what is going on."

18:20 "Find one thing that you’re good at. Find one thing that you focus on. And find one thing that you become an expert on. "

Links:

Rehab Valuator Website-https://rehabvaluator.com/ 

Profit First Real Estate Investors FB Group-https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO-https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

"Start making profit a habit in your business."

Wise words from today’s guest, Oscar "the closer" Setiawan. Oscar is a man with great achievements—a real estate owner, investor, private lender, and serial entrepreneur who aims to achieve legacy wealth with the systems and processes that he has been cultivating. Through determination, he turned his side hustle into a full-time business. He now helps distressed property owners solve their real estate problems.

Let’s learn about his story entering the real estate investing arena and how he chose real estate to build generational wealth. Listen in and find out how Oscar can help you win in this fast-paced industry.

Key Takeaways:

[2:30] What’s the story behind his nickname “Oscar the closer”?

[4:20] What excites him the most about real estate investing?  

[8:02] Know your numbers, calculate them, and do all the things in between.

 [16:11] How does the Profit First system help investors? 

[18:34] His story about transitioning from real estate investor to real estate owner  

[22:24] Defining "generational wealth" in accordance with his personal experiences 

[24:27] What are some "core concepts" about money that he wants to pass on to his children?

[27:17] What is one key to his success?

Quotes:

[4:59] "Real estate is something that will change people’s lives when you do it correctly."

[5:23] “It is good to have a goal. It is good to have a drive in real estate, but if you don’t do your homework, you can get into a lot of trouble.”

Links:

Oscar on Instagram- https://instagram.com/oscarthecloser?igshid=NmNmNjAwNzg= 

Oscar’s Linktree-https://linktr.ee/oscarthecloser 

Quickbooks-https://quickbooks.intuit.com/ph/ 

Profit First Real Estate Investors FB Group-https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO-https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Every success story always starts with something. As investors, we start these businesses to fulfill our dreams and visions. It’s our fuel to climb high, giving us the might to push through beyond the limits. Without having a clear picture of where we're going, we wouldn’t be able to propel and move forward.

We’ve invited Brittany Thompson here to join us as we discuss the ways in which your vision puts you in your driver’s seat. So you can get away from that mind trap and steer your goals towards practicality.

If you listen to this, you'll have an idea of how to work your way through as a real estate investor and keep up with the challenges that your business brings.

Key Takeaways:

[3:16] What excites her the most about real estate investing?

[7:00] What financial struggles has she faced in life and business?

[8:34] Why does she think that a lot of real estate investors or business owners in general experience money struggles or live deal to deal?

[12:36] Was she ever forced to live deal to deal in real estate, or was she able to avoid it entirely?

[17:05] When did she start using the Profit First system and how does it apply to her journey in real estate?

[29:14] Understanding what it is to have plenty and understanding what it feels like to never have enough.

Quotes:

[9:30] "The reason that a lot of people struggle in real estate is because they don’t have a vision of why they’re doing it in the first place."

[14:06] "There are so many people that want success but don’t want the journey that comes with it."

Links:

She’s Killing It Website: https://www.sheskillingit.com 

Get My First Deal Challenge: https://www.getmyfirstdeal.com/august29 

Profit First Real Estate Investors FB Group: https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO: https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Jay Drexel is the jack of all trades when it comes to tax lien investing. With decades of experience, he will teach you how to skip the learning curve and get profitable faster than you could on your own. Jay has been doing tax yield deals for quite some time... and he loves teaching others his REI secrets.

Let’s find out how to avoid the mistakes that most investors make and get the strategies to get guaranteed returns.

Key Takeaways:

[2:35] What got him into taxing and real estate?

[6:46] What’s the process of his tax default property investments?

[11:35] One great advantage of foreign investing is the price point.

14:44 What early lessons did he learn about money, and how does it compare to what he learns about money today?

16:59 What is one of the biggest mistakes investors make in real estate investing?

Quotes:

[13:25] "Let’s find you someplace that’s easy to invest in, that’s affordable and works within your budget, and has a good rate of return."

[15:33] “You don’t have to start with a ton of money to be able to retire comfortably. It’s about what you keep and learning all the different things. "

[19:46] "Continue to learn different aspects and different points of view"

Links:

Text “invest” to 72000 to get access to their free ebook!

United Tax Leins: http://unitedtaxliens.com 

Profit First Real Estate Investors FB Group: https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO: https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

"I'm okay with sacrificing now for a greater future." 

In this episode of the Profit First for REI podcast, we have Martine Richardson. She has been a real estate investor for about ten years, from being a full-time employee with no money and no time freedom.

Martine shares practical steps on getting out of the rat race and her experiences on her real estate journey. Listen and enjoy the show!

Key Takeaways:

[00:50] Introducing Martine Richardson
[02:40] Before entering the real estate space
[07:10] Sandwich lease option
[11:31] Buy and hold
[14:04] The Power of Holding
[15:55] Two ways to know how much money you need per month to live comfortably
[19:34] Mid-term rentals
[28:14] Martine's advice for real estate investors
[30:45] Connect with Martine Richardson

Quotes:

[07:13] "Sandwich lease option agreement, when you are leasing a property and you have the option to purchase it in the future."
[13:49] "I've always been like a long-term thinker. I'm okay with sacrificing now for a greater future. Me holding made complete sense to me."
[28:23] "Many people are stuck in the analysis-paralysis stage because they want to know everything about how to do something... I would encourage people to learn the first step and take action on that first step. Learn the second step and take action on the second step."

Connect with Martine:

Website: https://www.facebook.com/groups/thefreedominc

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David

Today’s guest derives his experience from diverse fields such as technology, financial services, venture capital, and commercial real estate. On top of that, he runs a family office where they nurture budding entrepreneurs from generation to generation, optimizing growth and wealth together as a family.

Trey Taylor is the talk of the town. He’s the managing director of Trinity | Blue, a consultancy designed to provide executive coaching and strategic planning to C-Suite leaders. He is frequently featured as a keynote speaker and has addressed attendees at the Human Capital Institute, the Ascend Conference, and many other engagements.

Key Takeaways:

[2:21] What got him interested in real estate?

[5:18] What is a family office? 

[6:52] Understanding that wealth comes through focused action and dedicated hard work

[8:30] How does he find a business to invest in?

[12:13] What was the thought process behind writing a book?

[17:13] What early lessons did he have about money and what does he think about money today?

[22:28] How does he manage the money as a real estate investor and implement the Profit First system on his end?

Quotes:

[3:30] "When you combine multiple generations of wealth into one investment thesis and philosophy, you’d be surprised at how many doors have opened."

[25:38] "You better buy it right because the world is changing."

Links:

Read Taylor’s Newsletter-https://plantyourflag.substack.com/pe 

Taylor’s Website-http://taylorinsuranceservices.com/ 

Taylor’s LinkedIn-https://www.linkedin.com/in/treytaylor/ 

A CEO Does Only 3 Things by Trey Taylor-https://www.amazon.com/CEO-Only-Does-Three-Things/dp/B09HMYRD78 

Trinity|Blue Consulting Firm-https://trinity-blue.com/ 

Rich Dad Poor Dad by Robert Kiyosaki-https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 

Profit First Real Estate Investors FB Group-https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO-https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

Paul David Thompson is always on a mission to help purpose-driven men and women entrepreneurs break the mundane corporate cycle by teaching them to start investing. He’s an expert in scaling up businesses to the next level by guiding aspiring real estate investors through the process of closing record-breaking deals. Today we dive into the finer details of how he’s able to incorporate the Profit First system so he can attain a life of abundance and live his life by design under his control.

Key Takeaways:

[1:56] How did he get started in his real estate career?  

[4:42] How does he get passive income in a quicker way?  

[8:34] What were his early lessons on money like, and how do they compare to how he thinks about money now?

[13:08] What money mindsets does he want to pass on to his children?  

[16:36] What are his thoughts on the Profit First system and how did it help him through his business? 

[18:30] What other benefits from Profit First has he found out and how does it give him a sense of clarity and control?

[23:08] Take what the market gives you

Quotes:

[3:50] "You’re constantly adjusting to the marketplace and to what marketing channels work, building systems and processes and people around having a business that does that consistently."

[9:09] "When you find the opportunity to raise money in real estate, it’s not hard to make money."

Links:

My Freedom Foundry - https://pauldavidthompson.com 

Profit First Real Estate Investors FB Group - https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO - https://simplecfo.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David 

We have a returning guest on the show today, and that's none other than Kapil Singla. The young entrepreneur who skyrocketed his way to the top after moving to the US.

In this episode, he'll be giving us an update of where he's at in his life and business after a few years of implementing systems and using Profit First as key drivers to his success.

Key Takeaways:

[2:05] Kapil shares his whole real estate story with us.

[9:12] What early financial lessons did he learn, and how do they compare to where he is now?

[13:03] How is profit first factored into his business?

[15:15] In terms of finances, what does he value the most in his business?

[18:15] What are the lessons around money that he wants to pass on to the next generation?

Quotable Quotes:

[8:22] "A lot of people, no matter what level they’re at, find it important to surround and connect with people that share the same goals as you."

[10:07] "Money was hard, money was everything at some point."

[10:35] "A persistent action towards a goal and having the faith to back up your ideas makes money come to you."

Links:

Contact Kapil: 929-4139-322

Kapil’s Facebook-https://m.facebook.com/kapil.singla.756 

Profit First Real Estate Investors FB Group-https://m.facebook.com/groups/ProfitFirstREI/ 

Simple CFO-https://simplecfosolutions.com/ 

Tired of living deal to deal? 

If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David