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David Richter on The Real Estate of Mind Podcast with Glenn Schworm
Paying Yourself First in Real Estate Investing with David Richter
November 23, 2022
David Richter is the founder of CFO Solutions, a company that advocates for profit first real estate investing as a way of paying yourself first without being stuck in the constant rat race, unpredictable ebb and slow of the real estate market. They directly help people and organizations maximize their profits through not only making smarter decisions but creating a more viable, stronger system as a whole. David is a master profit advisor, successful real estate agent, and author of the upcoming book Profit First for Real Estate Investing.
We speak with Dan about the importance of creating practical steps and a plan to pay yourself first and make sure that you get financial gains from your real estate investments. We also speak about our personal experiences of the hurdles that may get in the way and the initial struggles that one might face when they are just getting started. Despite this inevitable learning phase, David speaks about how his company holds people accountable for their own lives and finances and makes it impossible for people to accidentally sabatoge themselves along the way.
Real Estate investing a simply a way to get from where you are, to where you really want to go in life. It’s the best way for everyday people to create true wealth. The true secret to success is to manage the thoughts and fears in your mind while taking action towards your goals. To learn many tools to help you on your journey, follow us on all our platforms and stay closely plugged into our message. This is a solid start to you reaching your goals. Remember, you're not alone, we are in this together! Now let's go build your empire so you can finally live life on your terms!! You deserve it!
David Richter on The Real Estate Masters Podcast with Tony Javier
How to Manage Your Finances as a Real Estate Business | David Richter
June 9, 2022
Today we have David Richter. He is a real estate investor who has been involved in over 850 real estate transactions. He had the unique opportunity of working in every possible seat in the real estate business and found his calling to be a financial advising company that helps other real estate companies manage their finance. If you want to learn more about how to view and work with your finances, you need to hear this!
Welcome to my Youtube channel where I interview the top names in the Real Estate game, share insights from my 20+ years of experience as a Real Estate Investor and serial entrepreneur – and even talk about some additional cool projects I'm working on!
Tony is the owner of an INC 5000-rated Real Estate Investment Company. He has been featured in BiggerPockets, Wholesaling INC, Steve Trang's Real Estate Disruptors, Joe Fairless' Best Ever Podcast, and many other top podcasts and platforms.
When Tony is not working on his business, he enjoys flying his Cirrus Jet. You can see videos on that and how he uses airplanes to save money on taxes.
Don't forget to like the video, comment, subscribe to my channel, and share this with a friend if I'm doing my job and providing value to you and your network. If I'm not doing my job please let me know in the comments how I can be better, your feedback is greatly appreciated. See you in the next video!
If you want to grow your Real Estate business, see more podcasts, or get free resources - Go to https://tonyjavier.com. My podcast is one of the only podcasts that allow you to directly connect with the guests and many of the biggest names in the real estate game.
To see all of the great resources we provide in our Real Estate Masters virtual mastermind, visit https://tonyjavier.com/mastermind to apply and be a part of our community!
Looking to work with us or connect with any of my businesses? Visit: https://tonyjavier.com
10X your ROI with our TV Program and dominate your real estate market with TV commercials here: https://RealEstateMastersTV.com
If you want to see my house flipping company based out of Kansas, visit: https://ProHomebuyer.com
To fund 100% of your real estate deals visit my gap funding company: https://GapFundingSolutions.com
Featured Posts
Why Every Growing Business Needs a Human CFO (And How They Help You Succeed)
As businesses grow, the money side of things becomes harder to manage. There are more bills to pay, more sales to track, more taxes to plan for, and more decisions that can affect your future. ...more
cfo ,Cash Flow &Profit First
December 10, 2025•6 min read
Why Ignoring Cash Flow Can Sink Your Business (and How a CFO Can Save It)
Running a business is exciting. You get to create, sell, and serve customers. But behind all of that, money has to move in and out smoothly. That movement is called cash flow—and it’s one of the most ... ...more
cfo ,Cash Flow Profit First &AI
October 02, 2025•4 min read
The Hidden Dangers of Using AI for Your Business’ Financial Strategy
Many business owners are turning to AI to make financial decisions, whether built into their software services or using ChatGPT, etc. The problem is that AI is not a replacement for a human CFO, and c... ...more
cfo ,Cash Flow Profit First &AI
August 21, 2025•6 min read
When Debt Becomes a Problem
Running a business is hard work. Business owners take out loans or borrow money to buy equipment, vehicles, real estate, or pay bills during slow months. Valid expenses, but If the debt piles up and i... ...more
cfo ,Cash Flow Profit First Budgeting &Debt
July 15, 2025•6 min read
Are You Running Your Business Without a Map?
Running your business without a financial plan is like driving without a map. Many businesses grow quickly in the beginning. But after that first growth spurt, they stop planning. They don’t have a cl... ...more
cfo ,Cash Flow Profit First Budgeting &Debt
July 03, 2025•6 min read
How to Take Back Control When Costs are Out of Control
When your business grows fast, it’s easy to pile on overhead like office space, extra staff, new equipment, and other fixed costs. These expenses don’t go away when business slows down. In fact, they ... ...more
cfo ,Cash Flow Profit First Budgeting &Debt
June 24, 2025•5 min read
David Richter on the Real Estate Investor's Club Podcast with Terrie Schauer
6 Real Estate Investing Rules You MUST Know - Interview with David Richter
April 12, 2023
6 FUNDAMENTALS OF FINANCE EVERY REAL ESTATE INVESTOR SHOULD IMPLEMENT Interview with CEO of SimpleCFO David Richter
____________________________________________________________________________
Business owners and Real Estate investors / operators share this problem. Very often, we work like crazy without seeing the financial fruits of our efforts.
David Richter, author of Profit First for Real Estate Investing and founder of SimpleCFO.com, has considered how to deal with this issue. In this episode, he breaks down the common mistakes many investors (and business owners) make in how they structure their finances.
David shares proven strategies and tips on how to break free from this cycle and finally begin to capitalize on the financial gains available through Real Estate investing.
We dive into the ‘Golden Trio’ of bank accounts, and how to optimize cash flow. Finally, we discuss the six fundamental accounts that every real estate investor should have in order to give themselves a fighting chance on the financial end of their business. David provides expert insights and advice on how to set up these accounts and how to leverage them to maximize your profits.
Join us for an engaging and informative conversation that will help you empower yourself as a real estate investor and create a life of abundance on your own terms.
What we learned from David Richter and Terrie Schauer in this episode:
Tired of being stuck in the endless cycle of the rat race? Learn how to break free and unlock the path to financial wealth.
How to optimize your cash flow using the ‘Golden Trio’ of bank accounts.
The six fundamental accounts for real estate investors to give yourself a fighting chance on the financial end of your business.
Success Quotes:
“Making sure that you as a real estate investor, know what you need to keep from the business and making sure it's your business.” - David Richter
“Clarity creates confidence, confidence creates better decisions, better decisions equals more money, top line, and bottom line.” - David Richter
Timestamp:
00:00 - Intro
01:01 - David talks about his real estate investing journey.
06:24 - David shares his top two tips on the things that you shouldn’t be doing as a real estate investor.
15:08 - As a real estate investor, is it good to run the business from one bank account? (... a look at the Golden Trio of bank accounts and the six fundamental accounts for real estate investors.)
26:30 - David talks about the lifestyle hits he took when he started his real estate investing journey.
31:44 - Ways to connect with David.
32:37 - Outro
David Richter on The Nationwide Real Estate Mastery Podcast with Shaun Young
Profit First For Real Estate Investing with David Ritcher!
April 5, 2023
David Richter is an active real estate investor who has been essential in closing over 850 deals over the last 10 years. He has experience with wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy you can think of.
David has helped real estate companies completely turn around from going out of business to building cash reserves by using the Profit First cash flow system. He has been featured on Biggerpockets, Real Estate Disruptors with Steve Trang, and many other podcasts, shows, and stages.
To help even more people, he wrote Profit First for Real Estate Investing – a derivative of the original Profit First by Mike Michalowicz that is tailored specifically to Real Estate Investors.
His goal is to completely transform the Real Estate Investing industry by helping real estate investors make and KEEP more money in their businesses. As the founder and owner of SimpleCFO Solutions, he wants to bring investors true financial clarity and freedom and help every investor stop living deal to deal.
About Shaun:
Shaun Young has been an investor since 2016 wholesaling houses and using other creative finance strategies to create financial and time freedom for himself and his family and has helped students all over the country achieve similar results! Shaun is the author of a book titled Adventures In Wholesaling 'Let Me Show You How' and can be found in all major book outlets. In Shaun's true go giver spirit he has created The Nationwide Real Estate Mastery podcast that gives out actionable steps to help real estate wholesalers/investors get their first or next deal!
"When I think about new investors, I think analysis paralysis is one of the biggest issues holding you back! Too many think they need to know all there is to know before taking action. In my opinion, you have to be willing to take action daily, though it may be imperfect, you will see results!" THE TIME IS NOW Real Estate has Been a Game Changer. That's why I created this platform. To Give Back! To allow people just like yourself, to create the life you've always dreamed of.
I help aspiring new investors learn how to Virtually Wholesale Real Estate Nationwide and build a successful 6-7 figure business using proven systems and strategies that yield consistent results!
Help Me, Help You, Help Us All!
David Richter on the Lead with Trust Podcast with Sue Dyer
Why Many Entrepreneurs Have No System for Their Finances with David Richter
February 17, 2023
Sometimes, the challenges we encounter in our lives are there because we're focused on them. Alternatively, it seems that when we begin to focus on what we want, rather than what we don't want, amazingly, the outcomes we want start to occur.
In today's episode of The Lead With Trust Show, Sue chats with David Richter, the CEO of Simple CFO Solutions and author of Profit First: For Real Estate Investing. In it, David reveals how the strategies and concepts he outlines in the book apply beyond the world of real estate. Whether you're an entrepreneur, have budget authority within your business or large organization, or if you're running a project these principles can help.
You'll discover a little about David's background and his new book, Profit First: For Real Estate Investing.
You'll learn what makes real estate different from other business models.
You'll also discover how David's insights can help you in your business, no matter your industry.
Join Sue and David for this eye-opening and fascinating discussion.
Enjoy!
What You’ll Learn in this Show:
A little about David's background and his new book, Profit First: For Real Estate Investing.
What makes real estate different from other business models.
How David's insights can help you in your business, no matter your industry.
And so much more...
Resources:
https://simplecfosolutions.com (Simple CFO Solutions)
https://sudyco.com/the-trusted-leader... (The Trusted Leader book)
Sue's Linkedin: / suedyer
To access your trusted leader profile: https://sudyco.com/profile/
David Richter on Invelo Masterclass
Intro: Build Your Business Through Cashflow Management | David Richter
January 17, 2025
Struggling to manage your cashflow in your real estate business? In this masterclass, David Richter, a seasoned investor and finance expert, shares actionable strategies to help you take control of your finances, keep more profit, and build a thriving real estate business with better cashflow management.
What You’ll Learn:
• How to implement the Profit First cashflow system tailored for real estate investors.
• Strategies to build cash reserves and avoid living deal to deal.
• Insights into managing your business finances to achieve clarity and freedom.
Meet David Richter:
David Richter is a finance expert and real estate investor with extensive experience in the industry.
Key achievements:
• Closed over 850 real estate deals in just seven years using various exit strategies, including wholesale, BRRRR, owner finance, and rentals.
• Scaled a real estate business from 5 deals a month to over 25 deals a month.
• Authored “Profit First for Real Estate Investors”, a tailored approach to the original Profit First system by Mike Michalowicz.
• Helped numerous real estate businesses turn around financially and build sustainable cash reserves.
David’s mission is to transform the way real estate investors approach their finances, providing clarity, stability, and profitability.
Why This Masterclass is Essential for Real Estate Professionals:
Whether you’re struggling with cashflow or looking to grow your business, this session will help you:
• Gain a clear understanding of where your money is going.
• Learn proven techniques to keep more profit and build cash reserves.
• Achieve financial clarity and freedom in your real estate investing journey.
🚀 Ready to master cashflow management and take control of your real estate business?
👉 Watch it today and learn from David Richter’s proven methods to build a profitable and sustainable business!
🌟 Sign up for Invelo now! Streamline your real estate acquisitions with advanced tools, analytics, and automations tailored for success. Visit Invelo to get started.
🔔 Don’t forget to like, subscribe, and hit the notification bell for more expert insights and strategies for real estate professionals!
Invelo is the ultimate solution for investors, agents, brokers, and wholesalers to streamline real estate acquisitions. With advanced analytics, intelligent automations, and insights from top professionals, Invelo helps you manage prospects, leads, marketing, and deals—all with the precision and speed today’s market demands.
David Richter on Living Off Rentals by Kirby Atwell
How to Manage Your Real Estate Investing Finances with David Richter
February 3, 2022
One of the biggest real estate investing mistakes is avoiding dealing with the finances.
Often, real estate investors have that one big melting pot bank account where everything goes, and it's very easy to spend everything inside there with no goals, clarity, or control over their decisions.
When you make money, it's natural to feel the need to reward yourself for your hard work, and that's perfectly ok. What's not ok is unknowingly spending almost the same amount as what you're earning, and ending up feeling like your business is not benefiting you at all.
Seeing your business growing but not knowing where the money is going is a big question. It should be an eye-opener. How are you managing your money? Do you make a regular financial checks in your business? If so, what do the numbers tell you?
In today's episode, David Richter talks about understanding the power of finances in his business.
Listen as he shares his secrets for finding clarity in numbers to keep up with cash flow management in business and be in control of your finances. He also discusses the secret to creating a more profitable system while also balancing how much you should be paying yourself from your business.
Chapters:
[00:00] Author Profit First for Real Estate Investing, David Richter's background
[5:50] Numbers you should know as a real estate investor
[12:50] Managing your finances in real estate
[13:00] Parkinson's law
[14:10] The golden trio
[45:22] Handling loans in real estate
[47:45] Money management
David Richter on Founder365 with Steven Haggerty
David Richter - Helping Real Estate Investors Make and Keep More Profit
May 28, 2020
David Richter, founder and owner of Simple CFO Solutions, is on a mission to help stressed entrepreneurs who are frustrated with not knowing their numbers and not making profit by cleaning up their books, interpreting their numbers for them, and implementing a system to increase and prioritize their profits to be able to be less stressed, confident in their numbers, and make the profit they need to accomplish their vision.
He has been in the real estate investing world specifically for the last six years. He has served on the leadership team of real estate investing companies doing over 300 deals a year between wholesaling, fix and flipping, lease optioning, and turnkeying properties. David has no debt in his business or in his personal life and practices all the principles and actions he teaches. In order to continue to constantly grow and help others, he reads over 50 books a year, is a ToastMasters member, Profit First Professional, and a lifelong student of Kung Fu. He is on a mission to help you and change your life and business for the better.
Founder365 is hosted by Steven Haggerty and shares 365 insights from 365 founders during 2020.
Learn more about Steven:
stevenhaggerty.com
Instagram: stevenhaggerty
facebook.com/stevenhaggerty
Listen to more podcasts here:
stevenhaggerty.com/founders365
David Richter on The Profit Answer Man Podcast with Rocky LaIvani
Profit First for Real Estate with David Richter
November 9, 2020
Hi, I'm the Profit Answer Man Rocky Lalvani!
I help small business owners simplify their financial reports so that they can make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz.
Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro...
More about making profitability simple: http://profitcomesfirst.com/
Questions: [email protected]
Email: [email protected]
Todays Guest:
Bio: David Richter is an active real estate investor who has been essential in closing over 850 deals which include wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy you can think of. While growing and building a real estate business from 5 deals a month to an average 25 deals a month, he realized that as much money was coming in, it was going right out. With the unique opportunity of sitting in every seat as a real estate investor, he found a calling to the company’s finance seat to help them see where their money was really going. David has helped real estate companies completely turn around from going out of business to building cash reserves with his company Simple CFO Solutions, LLC. His goal in life is to completely transform the Real Estate Investing industry when it comes to how they view their finances and help bring true financial clarity and freedom to real estate investors. Social Media and links: simplecfosolutions.com profitfirstrei.net
Profit Answer Man Facebook group: facebook.com/profitanswerman
My podcast about living a richer more meaningful life: http://richersoul.com/
Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.
David Richter on The Real Estate Rundown with Shannon Robnett
Bring Clarity, Freedom and Peace to Your Real Estate Investors
October 17, 2020
David Richter is a real estate investor. He has been a part of over 850 deals closed during his real estate career which include wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy you can think of. While doing these deals and while helping to build a real estate investing business from 5-10 deals a month to 20-30 deals a month, he realized that as much money was coming in, it was going right out. He had the unique opportunity to sit in every seat as a real estate investor and found a calling in the finance seat to help the company see where the money was really going. He has helped real estate companies completely turn around from going out of business and helped build cash reserves with his company Simple CFO Solutions, LLC. His goal in life is to completely transform the Real Estate Investing industry when it comes to how they view their finances and help bring true financial clarity and freedom to real estate investors.
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