fbpx

Couples Who Invest Together: The Secret to Mel & Dave’s Real Estate Success

Title: “Couples Who Invest Together: The Secret to Mel & Dave’s Real Estate Success”

Episode: 233

In this Profit First for REI podcast episode, we feature The Investor Couple Mel and Dave! Today, we have Dave as our guest, and he shares incredible things about real estate investing.

Dave Dupuis of the Investor Mel & Dave are innovative real estate investors and award-winning mentors who have acquired over 240 apartments in just a few short years in Canada, the US, Mexico, and Costa Rica. He will tell about his real estate investing journey, how they creatively buy a deal and some of the things that make them unique in the real estate space.

Enjoy the show!

Key Takeaways:

[00:58] Introducing Mel and Dave

[02:12] What is it like working with your spouse?

[05:01] Getting into real estate

[07:47] Buying Mel and Dave’s first property

[15:33] Paying back with interest first

[21:55] The coaching structure

[24:42] Get a coach and keep books up to date

[26:24] Dave’s advice for real estate investors

[26:37] Connect with Mel and Dave

Quotes:

[05:53] “One of the biggest breakthroughs that they have with people is fear. Getting over that fear.”

[15:26] “The most important thing is I am looking at my time versus effort… and how much money I can make. Most importantly, because I’m using other people’s money, paying them back with interest first.”

[25:33] “Get a coach and make sure your books are up to date from Day 1.”

Connect with Mel and Dave:

Website: https://investormeldave.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

Transcript:

Speaker 1 (00:00):

If I’m not being the visionary and the guy that wants to go buy deals in Mel as well. If we’re not bogged down with, okay, now we’ve got to be bookkeepers, now we got to be accountants, now we got to be CFOs. It gives us more time back to pursue what we love doing and what we’re good at, right? Just like I don’t want to become a lawyer so that we’re an attorney just so I can, I pay them. That’s why. Same thing with you guys. It’s a service that helps so that I can do what I’m good at and I know what I’m not good at. So yeah, hundred percent.

Speaker 2 (00:30):

If you’re a real estate investor who’s sick and tired of living deal to deal, then welcome home. Hear from everyday real estate investors just like you, and discover how they’ve completely transformed their business by taking a profit First approach. This is the profit first for REI podcast, where we believe revenue is vanity. Profit is sanity. It’s time to start making profit a habit in your business. So here’s your host, David Richter.

Speaker 3 (00:58):

Today we have Investor Mell and Dave. Well, we have the Dave portion and they are incredible real estate investors. He has a firefighting background and he tells about his real estate journey, how he creatively buys a deal, some of the things that make them unique in the real estate space. And this is an episode where if you’re wanting to make more money, I know that he can help you and gave some very actionable advice. They’re also a husband wife duo and he gave the secret sauce to staying married while you’re working with your partner. So I hope that helps you as well too, especially if you’re working with your significant other. Thank you for being a listener of the prof. First RI show. Hey everyone, it’s David Richter here again of the Profit First RI podcast here with a super special guest here today. We have of the team investor Mellon Dave, we have the Dave portion, so we’re missing the MEL portion, but we will have to get both of you on sometime. But Dave, thanks for being on the podcast today.

Speaker 1 (01:49):

Yeah, David, thank you so much. And what’s funny, sometimes we do have to divide and conquer and I’ll actually get the question, oh, we wish we had Mel today instead of you. It’s like, alright, so thanks for not saying that. I appreciate that.

Speaker 3 (02:01):

Yeah, for sure. Well, I know you team, you are a dynamic duo, you’ve got a great team and you know what, before we even get into what you do, how is it working with your spouse?

Speaker 1 (02:12):

So a lot of people will tell me that, even friends, how do you guys work together all the time? And we learned in the beginning very quickly that just like any other couple will have disagreements, we’ll have arguments sometimes and I think our secret sauce is get over it. Is this getting us in the better direction or the worst direction and get over it. So I know sometimes I’m wrong, she knows sometimes she’s wrong, but we have our disagreements and we move on, we go to the next thing. So yeah, we get over it.

Speaker 3 (02:41):

Well, that’s pretty cool. So you came to that agreement. How many years did it come to that? Was that first year or was that 10th year?

Speaker 1 (02:48):

You know what, I don’t even remember. I don’t even know if we had the conversation. I think we just sort of, it happened and it worked and we both kind of know it worked. So I know what I’m wrong. I just eat it and keep going on. But any other married guy, but yeah.

Speaker 3 (03:05):

Okay, well that’s very interesting. I like that a lot. So how long have you guys been working together, I should say, and have this business where you’re helping a ton of people?

Speaker 1 (03:17):

Probably. Well, Mel quit her job in 2018 and I was shortly after I used to be a firefighter and she worked at our local college here. So yeah, probably 2018 right before Covid is when we kind of full-time nonstop all day every day together.

Speaker 3 (03:32):

Yeah. Okay. So it’s been several years. Where are we now? 20, 24. So six or seven years into it that you guys are, can you believe it? That’s already 20, 24 it seems like just yesterday it was another year. But I like that secret sauce a lot where you guys have come together with that. I think a lot of people would be scared of working with your spouse too, because let me ask this, have you ever taken a personality test or whatever? Are you both the high A or the red or whatever it might be, disc high D. How do you guys fall on that? I don’t know if you’ve ever taken one of those.

Speaker 1 (04:09):

Yeah, we have. So I think I was like 95 or 98% D and then I think she was half and half di. That’s

Speaker 3 (04:20):

Awesome. That’s a very much you both seem like you might be drivers then she’s a talker too.

Speaker 1 (04:30):

Well she’s kind of the glue where I’m like, okay, let’s just go and okay, let’s go, but let’s make sure that she’s a little bit more of the break, but we’re still very much gasped, but she makes sure that the plan follows through and that it’s not just a pipe dream and another idea. So yeah.

Speaker 3 (04:47):

So then would you say you’re more visionary, she’s more like integrator operator in the business?

Speaker 1 (04:53):

100%. 100%.

Speaker 3 (04:56):

So whose idea was it to get into real estate and to go down this road?

Speaker 1 (05:01):

Well, okay, I love that. So this was something that was both of our passions. So I met Mel, she had a previous marriage, so we’re a blended family now. We have three kids. So she has two from her previous and one together. And one of the most attractive things to me about Mel was that she had income properties and I was like OMG, right? When I met her, I had bought in a single family home. I was living in it and I wanted to do it. It was a big goal of mine, but again, I didn’t have that integrator to do it and I was scared and nervous. So when we met it was like, all right, let’s take this to the next level. So yeah, it was both of our ideas. She was doing it performance, to be honest. You beat me, but yeah. Oh

Speaker 3 (05:42):

Well that’s very cool. And I love how you said that was attractive to you, someone who’s been out there and done something. I was just earlier on with someone and they said one of the biggest breakthroughs that they have with people is fear getting over that fear. And if someone’s already gotten down that road, gotten their first house, usually they’ve already conquered at least that first hurdle. So it seems like that was very appealing to you and you were a firefighter, so you came from the fire. Well that’s awesome. So how did you hear about real estate or was it through Mel or was it before that while you were a firefighter and you were reading? What gave you the bug while you were doing that other stuff?

Speaker 1 (06:23):

The first time I even thought or heard about income properties was when I was little. I was in high school I think, or even grade school or high school, I forget now, or middle school. And one of the guys on our hockey team, his dad had income properties and he lent me a book and I read it and it kind of planted a seed and it must’ve been what, 16 or 14 I guess doesn’t matter. But it planted that seed and as I was growing up and I kept hearing about it, I was like, ah. And then I think I met Mel when I was 25, 26, and that seed was still there. And more and more I was a firefighter and still I was like, Hey, I got my dream job. I went to school, bought a house, I should be rolling in it. And I think that’s when I was like, you know what? I got to get into this passive income. I got to get into real estate. It was a book from one of my hockey buddies on my hockey team and then met Mel and yeah,

Speaker 3 (07:16):

That’s pretty cool. I love that. Where I started, it was a saw star with a book for me it was Rich Dad, poor Dad. So I’m not very creative, so I got into it there, but that’s awesome. I love that journey. Then you partnered with Mel and sounds like became life partners too. And then from there, is that when it started growing because then you got involved as well because the visionary brain, it’s like you want to go a mile a minute in 16 different directions. So how did that go when you first started ramping up?

Speaker 1 (07:47):

So just like everyone else, we bought the first one together using our own savings. Then we refied a year later at the bank, and then we bought another, just the typical same story that everyone says and then the financial, and we were buying our own names back then. So the banks said, I think we had four or five, and they said, no, you’re maxed out. Head office says, no, you’re done. And we’re like, what do you mean we’re done? We have high income. Our total debt service ratios are good. What do you mean? So that’s when we found Rich Dad, poor Dad. I wish I read that book earlier. That’s when we found that rocket fuel and realized other people’s money and good debt. And then the second we found that we literally bought 12 properties in 12 months. So it was that ingredient of stop taking nowhere from the bank as a end all be all and other people’s money, right. Done properly obviously, but that was the rocket fuel, right?

Speaker 3 (08:43):

Okay, that’s so cool. I love that you are on your journey and then basically the bank, which is hilarious, right? It’s like you said, high income, you’re still a great risk. The debt to income still up. It’s not like you were going wildly out and they’re just like, they cut you off at the knees to be like no more, which forced you to do something creative.

Speaker 1 (09:05):

Thank goodness they did that to me. Yeah,

Speaker 3 (09:07):

Yeah, yeah. It’s like when you’re going through it, it’s like what the heck is going on here? But okay, no, I like that a lot. And then you read Rich Dad pour and then you poured gasoline on that fire it sounds like. Then when did you get the passion that you wanted to teach people and get into coaching?

Speaker 1 (09:25):

Okay, I love it. And thank you for asking that question because Mel and I fell into it. Honestly, we were so now we’re all over social media, loud and proud and all that stuff, but we had scarcity mindset. We weren’t telling our parents, we weren’t telling our friends guys at the fire hall. And I’m like, don’t worry about it. You know what I mean? Just don’t worry about it. And then so bought the 12 properties in 12 months and then in 2018 we were actually on our way to Niagara Falls for a real estate conference and had a terrible accident. We rolled on the highway four times. Almost the police officers that attended were like, I can’t believe you’re walking out of this. This doesn’t even make sense. And not to get all cheesy on everyone here, but life does flash before your eyes. We had 18 properties at that point, I think about 76 doors.

(10:14):

And what was I going to say? Mel was so worried about I got to go to work next week and we’re traveling, but now I’m scared to travel. And that’s all she kept saying and I was like, oh my gosh, we’re alive. Don’t worry about work. And she just, anyway, she couldn’t get off it. So thank goodness we had real estate. So she was able to walk away from her employment, but at that moment is when we realized why are we scared? Why are we not telling people we have a system that works? And then we literally decided, no more scarcity. Our kids don’t even know how we’re buying buildings. We need to start helping other people and showing other people. And then literally we wrote a book, we started one off, we did two beta programs, beta a, beta V. I had maybe five or six people and they’re like, oh, people actually want to learn this stuff. And then we’re like, the second one had 20 people and next thing the action family was created. So it was literally backwards all from almost dying pretty much.

Speaker 3 (11:10):

Wow. Yeah, it sounds like a scary situation, but almost like where you said before the bank cut us off at the knees, but we got through that. It sounds like thankfully, because you were able to walk away from it and everyone is still here. It’s like that turned out for good as well too. It seems like it’s now how many people are you teaching at a time

Speaker 1 (11:33):

In the action family? At the time of this recording, I think we had 2080 students, so over 2000. I know if you had told me that at the hospital that day when we got cleared that you’d have 2000 students, I would’ve said Yeah, yeah, good one. You’re crazy. Yeah.

Speaker 3 (11:49):

Oh man. Okay, then what was that growth journey like? Because let’s be honest, you go out to Facebook, Instagram, there’s so many people that try to get into the coaching space that try and get out there. A lot of them don’t have 76 doors before they do it or have properties and have a good system. What made yours different that so many people have been attracted to it?

Speaker 1 (12:15):

What we hear a lot is because we’re pretty surface, Mel and I, it’s what you see is what you get. I think the difference, a lot of people will tell us, Hey, you guys just seem like trustable down to earth people and we stand behind what we teach, right? Because again, if we’re putting our face on something, we have three kids. I can’t be out there lying and doing bad things. I’m a dad first, so I agree with you. It’s honestly what we teach is exactly what we do. We now have over two, we’ve now purchased over 250 units and we’re doing it in five countries. And that’s literally what we show people how to buy properties, income producing properties, using other people’s money done properly. You got to pay them back first. You have to exit using no joint venture partners. That’s our biggest thing. So just like you, the profit first, I want to keep all the profits. I don’t have partners, I don’t join JVs. I do borrow money and I pay them right interest, but no partners, all we own everything.

Speaker 3 (13:14):

Oh man, there’s so much to uncover and explore here. The first thing I want to do is the JV partner. When did you take that stance? Did you have a bad experience that said like, no, or was this is the line is saying we don’t ever want to do this.

Speaker 1 (13:29):

Well, okay, so we’ve never done a jv and I’m not against JVs. I’m not here. I have a lot of friends that make a ton of money, so I’m not here, don’t take it as Dave’s saying, we’ve never done a jv. And I think going back to your Dave, what’s your personality, you and Mel, but having the d and di in the beginning when we’re like, okay, let’s take this to the next level, everyone kept saying, oh, well if you want to do that, you have to have joint ventures, you have to have JVs. That’s the only way. And we’re like, but I don’t want to share the money and I don’t want, more importantly, the decision making. So I think we took our hard stance there was let’s do it. You still using other people’s money and show people wrong? And we made that decision and never went back on it. That

Speaker 3 (14:11):

Was both your Ds coming out of, they told me we have to do it this way. What’s a different total way that we can do? That’s great. I love that. That’s that entrepreneur spirit in you. And so you teach a lot of people how to buy the income producing properties. Now are these a lot of single family multifamily? What kind of properties are you teaching?

Speaker 1 (14:30):

We specialize multifamily. I love multi, however, we do have people that do single family homes. We just bought a single family home in Ohio and Iceberg project. But yeah, our specialty, our main lane is the multifamily. Yeah.

Speaker 3 (14:44):

Awesome. And when you say multifamily, is this a big unit? Is this small five plus units or just so because I say multifamily and some people might be thinking the smaller ones or is it It’s like a massive building and you got a bunch of apartments

Speaker 1 (15:00):

And Oh gosh, we have all of the above. So I shouldn’t say that. Not hundred. Our biggest building at this point is 50 units. So someone might think that small, someone might think it’s huge, but I’ll still do a duplex and a triplex. David for example, we’re doing a flip in Cape Coral, Florida, write a single family home. We’ve got a triplex under contract in Akron, Ohio. We’ve got stuff in Texas and Canada. To me, the most important thing is I’m looking at my time versus effort and all that and how much money I can make and most importantly because I’m using other people’s money, paying them back with interest first, right? My exit is I can’t stress enough is my most important, but honestly, if it makes money and it’s a low hanging fruit and I can execute it, it doesn’t matter to me if it’s a 10 plex or five plex.

Speaker 3 (15:46):

Awesome. So it sounds like you’re teaching investors wherever they are on their journey too, whether it’s like they’re just getting in and it’s getting started and they could buy a smaller building or the 50 unit if they’re down the road. It’s like because you teach to buy these creatively, correct?

Speaker 1 (16:02):

Yeah, exactly. So our go-tos are three are seller financing, so seller financing, owner financing, they have names everywhere, carrybacks, vbs, whatever. Basically all the same thing using retirement funds and then also as mortgages and then also promissory notes. So those are our three key go-tos that we’ve scaled our portfolio and then we’re showing other people as well.

Speaker 3 (16:24):

So then you’re showing people how to use or how to structure the seller finance offers. That’s very interesting. On the IRA one or the retirement account one, do you teach people how to find those people that will fund deals for that or what does that specifically just if someone has never heard of using that to buy real estate?

Speaker 1 (16:45):

Yeah, so both, right? We’ll show you how to find structure, negotiate with these types of investors. We’ll show you how to make sure that the deal can actually support it because not every deal can support close to or a hundred percent financing. So we show that as well. And then I can’t say it enough how to exit it, how to pay everyone back with interest. So all of the above,

Speaker 3 (17:05):

David. Okay, well this is awesome. Well, it sounds like as I’m digging and digging, why more people keep joining because you’re really getting to the brass acks and you’re getting it to where it’s on people’s level. And I love the node JVs where you even equated it to profit first, making sure that you’re taking home as much as you can versus Well, I love how you said it too, because you have lenders, so you share a little bit of the money with them, but the decision making process is with you guys where I feel like you really made that distinction where JV is like partnership, but it’s partnership of money and mind. You have to run everything past them all the time and you got to try and that’s a lot of partnerships if you just go down that road.

Speaker 1 (17:46):

And David, if I can give you a quick example of something. Yeah, for sure. One of the buildings we just refinanced, so Mel’s oldest daughter’s gone to college. We had that, we had to do some house renovations, lake house renovations, and we had a building sitting there that had interest rates back from 20 20, 20 21, I forget exactly where they were very low and we wanted to do a refinance at a higher interest rate with our payments going up and our cashflow going down. But we were taking out a large sum of equity. We thought Mel and I laughed to ourselves, yeah, we’re okay to do this because it’s already a racehorse property and we’re still going to cashflow but less, but it’s going to help with our lifestyle, different things. We said imagine we had a joint venture partner and we went to them and said, Hey, can we refinance this at a higher interest rate making less cashflow? And I know it might not be the best business, but we knew that we could do so. And again, it wasn’t our first deal, but the JV partner would’ve laughed us out of the room. They would’ve said, why are you kidding me? So again, this is the benefit of having a hundred percent decision making where we were comfortable with it. We use you guys simple CFO obviously, and you guys helped us look at the numbers and make sense of it. But that’s just an example of recently of yeah,

Speaker 3 (19:00):

And I love hearing that thought process. Like if we had a jv, we would never do this and it might not have made the best business decision, but I love what you said even before you’re a father first. So it’s making sure that the business is supporting your life and your lifestyle and helping the people in your family versus at that point, if you had a JV partner, they’re your veto. You have to take care of them first, even before your family. If I put it in that perspective, you have to ask their permission to do right by your family. So I really liked that. I like that a lot. So like I said, as I pulled back the layers that why you guys get, you got so big and you have so many people following you because you are, you’re a man of your word and woman, I can’t leave Mel out of here just because you’re not here.

(19:49):

You both are a powerhouse team. You stand behind what you teach. I love that time versus effort because we’re investors, but like you said, we’re family people. We’re human beings first. What monikers do we put on ourself? And then I do like how you said you always are taking care of those lenders. I think that’s also if you’re going to be in real estate and you’re going to be in there a long time and you’re going to help a lot of people, you have to have high integrity and especially with the people that lend you that money. So this, it’s been a lot of fun talking about that. You did bring up simple CFOI did wonder how has that helped you make financial decisions during this time? It sounds like for that one it was working through the numbers, but just being able to have someone on your team to help you through financial decision making process, if you don’t mind me asking.

Speaker 1 (20:39):

No, a hundred percent, a hundred percent. David, I can’t say enough good things about you guys and your company and how you’ve helped us. I’m so glad we met. Just again, I’m a real estate guy. Mel’s a real estate lady as well, and these forecasting and all this stuff, I was a firefighter, I wasn’t an analyst. I like buying buildings and I know how to make money and pay people back. But all these projections and making sure that p and ls and all this stuff you guys have made it so much easier because of that. Which okay, think about this. If I’m not being the visionary and the guy that wants to go buy deals in Mel as well, if we’re not bogged down with, okay, now we got to be bookkeepers, now we got to be accountants, now we got to be CFOs. It gives us more time back to pursue what we love doing and what we’re good at. Just like I don’t want to become a lawyer so they’re an attorney just so I can, I pay them. That’s why, same thing with you guys, it’s a service that helps so that I can do what I’m good at and I know what I’m not good at. So yeah,

Speaker 3 (21:41):

That core genius. It sounds like your core genius is working with over 2000 students there. Do you mind me digging in just even a little bit more on the coaching side? I’d really love to know, do you do lives with people weekly? How is the coaching structured in the fact of you get the information to people? Do you have a bunch of coaches on your team? And I’m very curious how you structure it for the people, a lot of people you work with.

Speaker 1 (22:10):

So a lot of different ways. So there’s a lot of group learning. There’s obviously some videos and documents people need to get up to speak with.

Speaker 3 (22:15):

I like that.

Speaker 1 (22:17):

So there’s some group learning as well. Then there’s the networking community. There are some one-on-one aspects as well. If people choose to do so, excuse me. And then there’s always bonuses. Mel and I are always trying to over-deliver and how you stack and so we’ll have special guests. I’m thinking you’re going to come talk to the action family as well. Teach them the ways of how to profit first and all that. We’ll have attorneys and mortgage brokers and insurance brokers, all the professionals that they would need. They’ll come in on bonus sessions, just help them. We introduce ’em to the same people we use so they don’t have to reinvent the wheel. Whole goal. When we had the car crash, it was literally what do we wish we had when we started? And that’s what we went down the rabbit hole and that’s what we created is just yeah, went from I love

Speaker 3 (23:08):

That. Yeah, so you’re meeting people where they are, it sounds like. It sounds if they need the self-paced and they can do that. And then there’s the group aspect, which you got to love a network. Your network is your net worth. So you’re facilitating that. And then it sounds like if people want more one-on-one time with someone, it’s like you’ve got that avenue as well and then you’re cultivating the relationships you wish you would’ve had and you’re helping people get to where you were just faster because now you’re helping them cut down on that learning curve a lot. So sounds like an awesome thing. And like I said, peeling back the onion of why you have so many students with you that love you guys because I only hear great things about what you’re doing too. And obviously we get to see behind the scenes and it’s like these are real investors and that’s what I love about this is when people like you who have such an influence also care about your own business and your financial house and the people in your family.

(24:04):

I love that illustration that you just gave of refinancing. It might not have best the best business decision, but it was for what we needed for at this point with our daughter. And it’s like I love absolutely love stuff like that. That’s why I cannot recommend you guys enough. I want to get you guys out there. I know we’re doing more things with you to try and get your stuff out there. You guys do an incredible job. I did want to ask just a couple last questions is if you had to start all over again, is there anything that you would incorporate or bring on or whatever if you were starting real estate day one again?

Speaker 1 (24:41):

Okay, great question David. So I’ll say two things. I’ll talk about it from the real estate side and then also from the bookkeeping side is get a coach or mentor. Don’t look at it as paying money. You’re literally buying time and you’re avoiding mistakes. It’s going to pay for, I wish I got a coach and mentor in the beginning. Those 18 properties in our own name were a disaster. Yeah, anyway, bad advice. But yeah, so definitely you’re buying time back and you’re buying avoiding mistakes. The second thing is because of our personalities and growth in fifth gear and Brooks and all of that kind of stuff that doesn’t, I’m not strong in, was in first gear. I strongly recommend from day one, make sure your books are solid and then everything’s up to date because at the end it’s going to stop your growth, right? And it’s going to stop doing what you love. So get a coach and make sure your books are up to date from day one. Smooth. What is that saying? Smooth is slow or no, what is it smooth

Speaker 3 (25:40):

Or what is it? Slow is

Speaker 1 (25:41):

Smooth. Smooth as fast. Yeah, hundred percent.

Speaker 3 (25:45):

That’s good stuff. Well this means a lot coming from you because you’ve built something, you’ve built something great, you’re helping other people and it’s like a lot of people out there in the coaching world just like all the time just go full out, play full on. It’s like we want you to, but you also have to make sure you’re building what you want around. And that’s what I’m hearing from you is really get someone to save your time and then also make sure you’re building what you want and the numbers reflect what you’re trying to go after. So nah, this has been really good. Do you have any other advice that you’d like to get out there? And then I’d like for you to point people how can they get in touch with you?

Speaker 1 (26:23):

Yeah, no, I agree with you. Stabilization periods you can have peaks of growth, but at some point you’ve got to stabilize your portfolio and reposition it and make sure that’s more important than growth in my opinion is making sure you’re solid. And then yeah guys, we’re all over social media. Definitely reach out to us. I know David, I’m sure you’ll put a link as well. And guys, if you’re ever interested in joining the Action family, please reach out to us, make sure we actually have a bonus. David, we chatted about it. So because thank you so much for having me on your platform, David, we have a bonus for you guys, right? If you’ve been following David and you’re coming from simple cfo, excuse me and David, let us know. We have an exclusive bonus for you guys that we’ll chat about and if ever you guys do book a call. So yeah, don’t be shy and make sure to mention Simple CFO and we’ll let you know the extra bonus that we’re giving to David and his audience. I love it. Awesome.

Speaker 3 (27:16):

Well, and you can find them, it’s Investor Mellon, Dave, all over social media and all over everywhere. So if you want to look them up, we’ll also put the specific link in the show notes and probably email this out too. This is a good episode, really good actionable advice and just where you are right now, I feel like you gave a lot of stuff the secret sauce to marriage, forgive and forget, move on, keep going if you’re going to be married and working together from that all the way to just have integrity, do what you say you’re going to do, put that family in first position and don’t have the JVs that hold you back from even doing that and doing the stuff that really matters to you. Make sure you have the books and the numbers and the clarity so that way you’re building the business you really want to.

(27:57):

Lots of great advice here. Stabilize the business. It’s been really good. And if you’re out there and you’re wondering like, okay, how in the world do I get something in here so I know my numbers and whatever, go to simple cfo.com. You can actually go to for this episode, go to forward slash mel Dave, because they were promoting us here. I want to promote them back too. But if you go there, you can book a call with our team as well just to help you get your head around the finances a lot of people need and just those baby steps, the baby step to financial clarity in your business. But Dave, thank you so much for being here today. I really hope in the future we can get both you and Mel on just because I like your dynamic together as well too. So we’ll have to do another one. It’s just an excuse to get you back on as well too. So I’d love to do that with you both. But thank you so much for being a great guest here today.

Speaker 1 (28:49):

Thanks for having, I was going to say, awesome, so you staying us. Thanks for having me on David, I appreciate it.

Speaker 3 (28:53):

Yeah, and then like I said, if you are out there, follow Investor Mellon Dave, and then also remember to make Profit a habit in your business.

Speaker 2 (29:03):

This episode of the Profit First for REI podcast is over, but there are plenty more where that came from. Are you ready to learn how David and his team can help implement the Profit First system in your business? Schedule a discovery call@simplecfo.com right now. We’ll see you next time on the Profit First for REI podcast with David Richter.