Title: “From Chaos to Clarity: How Profit First Revolutionized Our Real Estate Business”
Episode: 186
From having one of his companies go from a chaotic mess to having more revenue and net profit to pay for taxes and other operational expenses, let us know more about Andrew Lucas’ transformation story!
In this episode, Andrew Lucas, a real estate investor who runs a family-owned business, shares his real estate investing journey that will give you hope from failure to success!
Listen as he also shares how his wife got involved and got her an outlet for her wonderful talent! Enjoy the show!
Key Takeaways:
[01:30] Introducing Andrew Lucas
[04:58] What his business looks like before Profit First
[11:20] Starting the wholesaling business
[15:51] Challenges Andrew and his wife had to face in the real estate investing journey
[21:30] Husband-wife team on their real estate investing journey
[24:32] Andrew’s Profit First story
[28:02] Get in touch with Andrew Lucas
Quotes:
[06:15] “They know they are making money, they don’t know where it’s going. They know they don’t have as much now as they thought they would.”
[25:40] “It’s easy to lose track, but when you implement this, you will have opportunities that open up.”
[26:14] “The people that succeed in real estate are the ones that can stick around the longest.”
Connect with Andrew:
Website: https://reidealfinders.club/
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:
I guess would’ve been 2021. Maybe that’s when you wrote the book. I’m not sure. Yeah,
Speaker 2:
At the end of the year is when it came out.
Speaker 1:
Yeah. Yeah. So we got it early on and started mentally changing the way we thought. Yeah. And processed. But as far as the full method, the full separate accounts and actually working them, we did it for one business all of last year.
Speaker 3:
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 r e I 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 2:
Definitely one of my favorite episodes here with Andrew Lucas. He dives deep into how Profit First helped one of his companies go from just a chaotic mess to having more revenue, not just profit, but more revenue, more net profit, extra taxes at the end of the year and extra operational expenses. And got his wife involved and got her a outlet for her talents and just their whole transformation and the story. So I know this is gonna be a great one for you. Gonna give you a lot of hope. Listen to Andrew and listen to what he has to say about Profit First to help you on your journey. Hey, we have Andrew Lucas here. I’m super excited about this because he is a real estate investor, runs a family owned business, but then also is a profit first fan, major profit, first fan, and is implemented. So we’ll definitely talk about that today. Maybe give some people some hope here. Don’t have to stay stuck where you are. So Andrew, thanks for being on.
Speaker 1:
Thanks David. I really appreciate it. And yes, profit, first, fan user and supporter. Where I’m, I I give the book away to new investors that come into our deal Finders club. It’s like y’all start with this <laugh> that’s you can have money when you end.
Speaker 2:
Yeah. Well I love that. That’s great. I getting that message out there and that’s what we’re doing here. But first, just give people a background who you are real quick so that way people are on the same page cuz real estate investor means different things to different people. So tell people what you’re into right now.
Speaker 1:
Absolutely. So I started right outta college. I got moved home with my parents for like a month and said, I don’t want this. Found a house near the college and bought it with no money outta my pocket. Didn’t know what I was doing. They just had a really good mortgage broker and he kind of just found all the fun things for me. Got me a really good package. So I got into a house and was renting a room to a roommate. Moved out, started renting the whole house and just kinda liked the idea. We weren’t making any money, but it was nice. It was retirement. And a few years later I met my soon to be wife, you know, right after that. Got another house, another house. And then that was 2007, 2015, 16. We had about five houses.
I think it was five houses where we just picked up, you know, slowly. And we figured that would be retirement income. We weren’t really making much, but at that time we had two kids, little kids two of ’em under three. One was cooking in, in Mama’s belly over there. And we said, you know what? We were painting one of the rental houses after a move out. We said, we can’t do this. This is not worth it either we go in and we make money with this or we get out. And so we said, well let’s make money with it. We set a goal to get rental houses, buy enough rental houses that we could supplement one of our incomes and quit, you know, retire from our day job. And that happened in 2018.
Speaker 2:
Awesome.
Speaker 1:
And before 2018, in between 2016 and 2018, we found wholesaling, found out what that was. We had no idea before everything else was m l s. So we found out what wholesaling was and we both quit our jobs. My goal was to start the wholesaling business and that would be our income. Yeah. And she was quote retired, which that doesn’t really mean anything cuz she was also in the wholesaling business. Yeah. And now it’s been five years I guess of that. So we now have a little over a hundred rental units. We have a wholesaling company with a team that we’ll do. We’re going for, we’re gonna say 2 million this year. Last year was a little over one. So we’ve got a little growth coming this year and we have a retail agency with real estate agents here. And of course we fix and flip along the way. Yeah. So that is our big picture where we are now.
Speaker 2:
Okay, awesome. So let’s talk about, that’s the big picture. What did the business look like before Profit First?
Speaker 1:
Well, it’s, I mean, a jumbled, a jumbled mess of, of <laugh>, you know, it’s, and and I say it and people don’t understand, I heard it before too, right? I, I was in circles of other investors, thankfully. 2018 we started the deal, the local deal finders live here to get connected with other investors. So I heard, hey, be careful with all the funds coming in. You wanna make sure you have funds at the end of the day. And starting a business that I’d say successful, like where revenue is being generated. Yeah. it can get like you just kind of go with the flow revenue’s coming in, all right, well we got money here, we could send it out to go this, do this thing that we wanna do. And what you end up looking at, and we never struggled to eat or to pay our bills or anything, but we weren’t building a profitable business. We were building a business that just kept putting money back in. And now with some maturity, I’ll say, my wife may not agree, I’ve matured some, but <laugh>, when people say, oh, I just rein, I just reinvest everything back in the business. Yeah. What the really saying is they don’t really know where the, they know they’re making money. They don’t really know where it’s going and they, they know they don’t have as much now as they thought they would <laugh>. Yeah.
Speaker 2:
So let, let’s go a little deeper though. Like on your situation, it was a jumble mess. So like how many flips were you doing beforehand or like, were you doing the wholesales and like, was it like money going in, money going out? Were you doing the reinvesting, like when you say jumbled mess, what was going on in your situation specifically?
Speaker 1:
Yeah, so we had we’ve always done about 20 to 25 flips every year. Yeah, that’s great. So whatever that looks like and the wholesale business. So of course we, you know, I’m smart entrepreneur, we separated the bank accounts. Yeah. Right. So the wholesaling business wasn’t coming in to the fix and flip and Yeah. Isn’t going into the good the home or to the retail, but, but that’s just, you know, that’s like basic 1 0 1. Yeah. That’s what everyone tells you to do. But, but that really doesn’t help you manage that business. Right. individually. So for instance, the wholesale business, which is the most profitable, you know, the, it’s a wonderful business. It takes a lot of work, you gotta hustle. Yeah. But that the revenue, the wholesale fees would come in, but we already had marketing set up and marketing is being paid out so that marketing automatically comes out.
Right? Yeah. So the wholesale fees come in and it’s just kind of like, it’s like a, I think of a bucket of water. You keep putting the water in the top and then the marketing fees keep coming outta the, the, the bottom, right? Yeah. And, and you don’t, and what what we saw is that it would just, the bank balance would just kind of stay about the same. And we knew we were making money, but we would find ways to spend it Yeah. If it’s in the account. And, and we’re kind of getting deep into the profit first model now. Yeah. But, but you know, if it’s in the, if it’s there and it looks available, we’ll find ways to spend it and we spend it on the business. Right? Yeah. And, and that’s how we justify it. Because we did, if we didn’t have it allocated for something, well hey, we could, we could buy this for the business. We could buy that for the business and not even not wasteful things. Right? Yeah. I’m not, it’s not like we bought a Lamborghini for marketing. Right. That’s right. That’s not it. And which is why I love your the method, the book, the message, because it’s the little things in our business, the little things in the, the like new marketing things, the, the little expenses that keep adding up. And we find ways to spend that money when it comes in unless we allocate it right away.
Speaker 2:
Okay. So a lot of money was going out the door. It sounds like, you know, it was coming in, going out. What year was that? Like what year before you know, profit first?
Speaker 1:
So we did, we went all of 2022. So last year our goal was to implement it into multiple businesses. We actually got it up and running and did the whole year in one. Yeah. That’s so great. Which is the retail retail agent business. Mostly because my wife took on that one <laugh>, she nice. She like ran with the ship. And so we, we did that one for the whole year. So in 2020, I guess it would’ve been 2021 maybe that’s when you wrote the book. I’m not sure.
Speaker 2:
Yeah. That the end of the year when it came out. Yeah.
Speaker 1:
Yeah. So we, we got it early on and, and started mentally changing the way we thought. Yeah. And processed. But as far as the full method, the full, yeah. Separate accounts and actually working them, we did it for one business all of last
Speaker 2:
Year. That’s awesome. So then I guess beforehand too, cuz it is, it’s very easy to have all the money go out the door. You had said a goal was to have enough rental income from 2016, you know, and then by 2018 you had retired, you know, it was your wife at that came on board, correct? Like was she full-time at that point? That’s like you retired like her income in 2018.
Speaker 1:
Yeah, so we were both full-time up to 2018 and I did the math basically we did the math that said if we got 35 rental properties Okay. You know, at a 150 to $200 a door, then we could her after tax salary we could replace. Right. Okay. And then reduce a little bit of expenses here and, and we kind of made it work. And so that’s how we did that. And so the rental properties were the, the right there at the beginning we said this can support us. Now we never actually used it because we started the wholesale business and we started drawing.
Speaker 2:
Okay. Cuz that’s what my question was like, did you start to draw, like when were you running it, like where you could actually pay yourself, you know, like, so it sounds like from the wholesale business you were able to start paying yourself and you actually did, cuz a lot of people don’t. So were you paying yourself from the wholesale business?
Speaker 1:
Yes. That’s how we started paying ourselves straight from the wholesale business. You know, we had some great mentors, great great coaches to help us get started on there and that launched really well. And, and so we, yeah, we were immediately able to pay ourselves from that. And, and this kind of goes to what I was talking about earlier, like, oh, I reinvest everything. That’s the way I thought about our rental properties. Like oh, just keep buying and reinvesting. Well, rental properties could also be paying us Right. You know, if we set the system and put it in place, there should also be a place for payment for the owner each month, each year from the rental house. Right. Rental properties. But, but we kind of put it to the side and said, no, this is where we’ll get our money. That’s fine wholesaling, we’ll keep buying rentals and and do that. Yeah. And, and without the method, without the the plan in place and just, they’re in your face every day. Yeah. It’s easy to let it go. It’s easy to let the money, you know, not necessarily go negative or, or lose money in the rentals but not send it to us <laugh>.
Speaker 2:
Right. Yeah, exactly. Now and that’s where I was wondering like what did you do with that money there, but sounds like it went to just either sitting there or did you ever do capital repairs from that stuff? Or like, you know, did, did you have a nest egg, you know, at that time or were you spending all the money from the, the rental company as well too? Cuz like you said, it’s hard for investor to just have money sit any place.
Speaker 1:
Exactly. Like when it, if it sits there in the account, you’re like, oh wait, I could do this, I could do that. Because there’s always something you, you can, you can find something always to do with the money. What we continue to do is to buy rentals, thankfully. So continue to grow the portfolio. Yeah. right now we’re at a little over a hundred units, so Awesome. You know, we’ve grown, we’ve Yep. Bought some, sold some and we continue to do that. And with using that rental account for like you said, capital expenditures and taxes Yeah. And that sort of thing. But still not, cuz we, we didn’t implement the full thing for the whole year. We’re still not taking owner’s pay like we should. Right. Yeah. From the rental account.
Speaker 2:
So then what was the tur, was it getting the book proffers for real estate investing that made you say, Hey, we’re gonna finally set this up inside of the business. Like what was the catalyst for like saying, Hey, 2022, we’re gonna do this
Speaker 1:
A hundred percent. Yeah, it was the book. It was <laugh> and not, not to be a fan girl or anything. Right, sure. But it was the book, the, the ease of getting through it. I, I probably read it on a plane coming back from where you launched it in, in Tampa or something. Yeah, yeah. So it, it was the ease of that, it made it simple, it made sense to us. It was kind of what it was, the structure we were looking for. Yeah. Before, before I was went full-time in real estate investing, I managed hotels, I managed multiple hotels as a GM where we have budgets and we have things, you know, we have p and ls and balance sheets that we review and that’s how we ran our business. Right. We would, we would do everything and look at the p and l at the end of the month.
But what we weren’t doing is saying, okay, here’s the budget in the forefront and let’s make the buckets, let’s put the, when the money comes in, put it into that bucket so that it stays in that bucket. Right. as a manager of the hotels, it, I didn’t necessarily have to worry about that part. Right. So, because when the money came in, you know, I guess they dealt with that, the ownership, the, the VPs stuff, they dealt with that part. I had to worry about expenses. Yeah. And so it’s different. And so I think a lot of entrepreneurs, when you get into that position, if you’re not paying attention on the forefront, on the front end, having a plan for the money coming in, like I said, it’s, it’s easy to find some how to spend it on the business.
Speaker 2:
Okay. Yeah. It’s a hundred percent. So then you started implementing it in the retail side. What, was there any hurdles that came up? Like maybe for your wife as she spearheaded it where she was like, oh, what do I do here? Like, I didn’t realize this was gonna happen or like, this is not, you know, like I just wonder if there’s any roadblocks that she faced.
Speaker 1:
The only, you know, the only roadblocks, I’d say not roadblocks, but maybe little speed bumps was getting it set up with the banks. Getting the process for QuickBooks. Yeah. Like reconciling how we, what, what does this mean, not transferred or whatever. So figuring that out. We spent some time doing that, we’ve gotta figure it out now. And so those were kind of the little speed bumps. And honestly, you know, it’s one of those things that maybe some people quit when they hit the speed bumps. Right. And like, this is too hard or ah, this isn’t worth it. But my wife would not have quit. She’s, she’s gonna plow through and get it done. So, so that’s why she spearheaded it. Yeah. And, and so we, we were able to get through that, put it in place and then, you know, there weren’t any more other speed bumps. There were some prizes, some surprises.
Speaker 2:
Yeah. Talk about those then. What were the surprises?
Speaker 1:
Yeah. As in, as in good surprises, which is like at the end of the year we look and like the owner’s tax had a whole bunch of money in it where we didn’t have to pay taxes on, you know. Yeah. We didn’t have to spend that much money on, on taxes. Yeah. operating expenses, the retail business doesn’t really have a whole lot of expenses, but we put some in there and, and we had opportunity to spend it. Right. Yeah. Some of those things. And of course the profit <laugh>, the fact that there was profit in the profit account at the end of the year. And so we, Michelle, my wife, she’s like, and she, I don’t, she didn’t know, like, you know, that’s our money. She’s like, what do we do with this now? I’m like, what do you mean it’s ours? Like what do you wanna do with it? <Laugh> <laugh>. She’s like, well I, but she likes seeing it grow, you know, she’s like, oh, I wanted more. And, and so we, I think we took half of it out Yeah. And did something with it. So what’d
Speaker 2:
You do with it? Everyone’s
Speaker 1:
Gonna wanna I ask that question. Yeah. Right. I had no idea. Okay. <laugh> she probably knows. Yeah.
Speaker 2:
Get Michelle on here.
Speaker 1:
Yeah, I know, right? So I mean that those were the surprises because
Speaker 2:
Yeah. Good surprises.
Speaker 1:
Yeah. Cuz instead of, instead of it dripping out the bottom of the bucket slowly into like all these expenses just coming Right. Without us really knowing it was the opposite effect where it was, it was building up these other buckets really, you know, slowly small bits at a time. And those surprises were great at the end of the year. Yeah. When you can say, man, you know, well that profit thing just kept adding up. And so when I think I told you this, when I went towards, at the end of the year, we did our review of everything, all the financials and pulled up the, the Excel spreadsheet for profit first and we were $5,000 off. So $5,000 off of what the owner’s pay was gonna be from Nice. That account. So have it just so close, be right in line. Yeah. And, and all the things worked out. So that’s that’s when I told you when, whenever I saw you last. I don’t remember when that was or when you were on our podcast. Maybe I was talking about just how exciting that was to see that it worked and that we had the money at the end of the day we had extra to, to use it with and, and we had owners pay, we had pay coming home on a regular defined interval. And
Speaker 2:
So how long have you had the retail business up and running?
Speaker 1:
So about, well three is be three years in July, so,
Speaker 2:
Okay. No, so that’s all. So you’ve got to see it beforehand, like how the business was running before and versus now. So that, I guess is that a big difference of feeling for that specific business too? I mean, do you like the retail side anyway and this just makes you love it? You know, I don’t know, like Yeah. Explain that feeling of it as
Speaker 1:
Well. That’s a, that is a great question and and I’m glad you asked that because before, before last year before we really looked at it and said, oh my gosh, we, we did what we said we would, the retail side, we started really as just support for our wholesale business and our flipping business. Yeah. We just wanted agents that were here in the office that we could say, here you go. Right. Just support. We, it was never, there wasn’t a profit mindset. It wasn’t like, sure this was gonna be a revenue generator, but after doing the, after reading the book, putting it together in the spreadsheet and saying, you know what, there’s no reason why it shouldn’t provide profit. Right? Yeah. And so looking at that then changed our minds and said, well let’s run it like it’s going to provide profit. And, and so we did, and now it’s completely changed my viewpoint on the retail agency where so much so that we, we grew it, we brought in new agents and we’re looking to add more to make so that we’ll be, you know, another arm of the business versus just support.
Right. Yeah. It’s just kinda like support
Speaker 2:
And Oh, that’s awesome.
Speaker 1:
So really, yeah, I mean it’s opened up our eyes to a revenue piece of revenue that we weren’t really tapping into.
Speaker 2:
That’s awesome. Because see that’s what I, I love hearing those stories cuz it’s like the surprises, those surprises, it’s like you might not even realize the benefits of once you have that money sitting, there’re giving you options and the different things that you’re able to do with it. So I really like that. That’s that’s great. So let me ask too, since Michelle has gone through this process, what are her thoughts on this whole system and like her feelings of like having the money there and you know, like seeing it actually grow over the year. Like, I just wanna know from your perspective getting to see what, if she has any thoughts on that.
Speaker 1:
Oh, she, she loves it. Now I’m the entrepreneur at the high level the Yeah. We’ve talked about earlier like <laugh> we were joking in the office, you know, maybe she’s the ooc D or you know, like things gotta be in line and things are straight and and she’s like, you don’t care about anything. I’m like, I care about some stuff <laugh>, but, you know, and, and that’s great. And that’s, that’s why we’re different. That’s what, you know, God gave us some good, some talents to match. Yep,
Speaker 2:
Exactly.
Speaker 1:
But she loves having a handle on it. Security is one of her drivers, I guess is the word. Right word. Yeah, sure. And, and having that security, having the buckets fill up and not be emptied constantly and knowing that no, we’re not touching this bucket. It is off limits. And having the security to know that that’s possible really changes the way she functions in our business. There, and this is probably getting, that’s awesome. This is getting a little bit high level or whatever, but in this entrepreneurial world with me kind of running all over the place, like yeah. She almost was like, I don’t, I don’t fit in. Like this is not for me. Wheres my space? Yeah. Because we didn’t have that kind of structure in that part of it. Sure. And so now she has that structure in that space and that’s kind of built, we’re able to build outta that more places and things that kinda get me out of it <laugh>. Yeah. Because my chaos is tough for, for people like her.
Speaker 2:
No, I get it. Yeah. It’s a, it’s a classic visionaries versus integrator operations, you know, executor for, you know, for the business. And I I love that. I love that connection you made of like, it helps her feel like she has a spot and it’s like a very good spot to be able to have there and like to make sure that the holes aren’t going outta the bottom of the bucket. Man, this is why I, like I said, this is why I love hearing these stories cuz it’s like these other things where, you know, husband, wife team sounds like just like, like you said, the high level, it helped to become more of a husband, wife team, like gave her a place on that team. Would you agree? And
Speaker 1:
Would Absolutely. With the
Speaker 2:
Oh yeah. Okay. Awesome. Well no, I, we do, we we need to get Michelle on here. Like, everyone that’s listening now is like, I want to hear Michelle’s side of the story.
Speaker 1:
You wanna hear her side of the story,
Speaker 2:
Right? I, yeah, everyone’s gonna wanna hear what she has to say as well cuz it sounds like it helped her find the place of the business and have a good outlet for her talents too to be able to shine through. Mm-Hmm. <affirmative>. No, that’s awesome. Cuz I love the husband wife teams. It’s just sometimes it is, it’s a struggle cuz sometimes it could be, you know, in the reverse. Like the wife is like, Hey let’s go gun ho and that husband’s like, Hey whoa, we gotta make sure the money’s in the bank and doing this stuff. So it’s like, it’s it’s fun to hear the dynamic of the different situations, but, oh yeah. No, that’s awesome. I just have a couple last questions. Sure. In order, now let’s save that one. Is there any other either surprises or good benefits or anything else or a pr first story that you have before I ask you My final two questions?
Speaker 1:
I don’t know if there’s any other surprises, but I would say the whole story, the, the good story is that we’ve been able to give it to some of our students and awesome peers and say start here. Yeah. And just to hear kind of how it’s opened their eyes from the beginning. Right. We, we work with a lot of people that are just beginning. Yep. And so being able to help people start there from the beginning. I I really appreciate how easy it is to digest the, you know, the way you kind of wrote it and the, the templates, the forms, all that is is great because it’s hard to, some people don’t wanna get into the math and the numbers right? Yeah. So it sometimes it’s hard to convince people to do that, but you made it really accessible.
Speaker 2:
Well I appreciate that and that’s where it’s like, just wanna make, make it as simple as possible for people to get inside there. So I guess that’s, that’s usually my next to last question is what advice would you give to a real estate investor looking to implement profit first? Like how would you get them to, to start it?
Speaker 1:
Well, yeah, I mean that’s, that’s usually when I tell people to get started is I kind of give the story of, you know, we have multiple businesses and it’s easy to lose track, but when you implement this you will have opportunities that open up because you have funds still in the bank. Yeah. So that, that’s kind of how we usually tell people. But it’s, and it’s really just, just open it up, get started. We spend so much time on, on marketing or negotiations Yeah. How to get the deal or you know, where to find the deal and sometimes people kind of gloss over this business aspect. Yeah. Which really in order to stick around and the people that succeed in real estate sticker are the ones that are just able to stick around the longest. Yeah. You can make it through whatever craziness is going now and where everyone else falls out. If you can make it through because you had a solid business and solid bank account, then you can succeed. And those are the ones that are just continue to keep going and, you know, real estate we always say you can’t really, you don’t lose money in real estate unless you get out too soon. Right, right. Yeah. So if you could stay in long enough, which means keeping money in the bank long enough you will succeed, you’ll, you’ll win.
Speaker 2:
Well I cannot agree with that anymore than all those words that he just said. That was, that was great because if you are looking to implement private first, like you gotta start and you gotta make sure that you know that it’s possible and then it’s like if you want to be around for a long time, you gotta fix those holes in the bucket. And so that was just, that was so good because I do this whole podcast is exactly for what you just said. Like I want people to build just solid businesses so they can, so they can do what they love for a long time. So now that was a great way and then I will do is you’ve man, there’s so much good here I feel like from the husband wife dynamic and then you opening up about like this helped my wife find a place like she could, you know, exposes her talents and like helps her to see this to you.
Like hey, I’m the crazy chaos guy and it’s like, it’s great to know that the, where the money is and like on the back end then it’s like all the other stuff that like going from a jumble mess to knowing where stuff is and just seeing the possibilities, passing it along too. I wanted to ask how can people get ahold of you? Like how can they provide value back to you if they’re interested in real estate? Cuz I definitely endorsed Andrew and his wife and like what they’re doing. So how can they get in touch with you?
Speaker 1:
The best place, the easiest place is probably deal finders club.com really easy deal, find deal finders club.com. Of course we’re on Facebook with our group deal finders group as well. So those are the best places to find me and you know, you can contact me through any one of those places,
Speaker 2:
Deal finders club.com, make sure to go there and see if you want to work with Andrew cuz this is awesome. Like I love this. I love when people give profit first. It’s one of the key foundational things cuz I feel like you’re saying them up for real success for a long time. It’s not just about like, yes Andrew’s gonna teach you to get deals in the door and get money to flow into your bank account, but then he is gonna give you a tool to make sure it doesn’t flow right about <laugh> out, out again and you’re just stuck where you were, you know, when you first started. So I absolutely love that. And if you are listening to this as a real estate investor and you’re saying, I want what Andrew has, like I want a place for my wife, I think she could do great at this, or my husband or I could, you know, like I want clarity around the finances.
I want extra profit, I want extra taxes in my tax account. I wanna know that I have extra opex for all my expend and that it’s not all going out the door. You could go to simple cfo.com, we could put a fr a fractional part-time CFO on the team to make sure and hold you accountable to set it up and that you have extra profit at the end of the day deal month like quarter, making sure that it’s there. That simple CFO would love to see if we’re a good fit. If not, we can p it to someone good. Maybe you need to start making money, maybe we pay you to Andrew to make sure that you can actually get up and running first. But I just wanna give that outlet to you as well. Then go to deal finders club.com for Andrew stuff. That’s a great place to get started if you’re started in real estate. And then no matter what, I want you, if you are listening to this make profit a habit in your business. Andrew, thank you so much for being on here and providing so much value today.
Speaker 1:
Thanks David, it was great. Appreciate it.
Speaker 3:
This episode of The Profit First for r e I 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 r e I podcast with David Richter.
