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Solocast Episodes
David Richter on Picking a CFO
How to Pick the Right Fractional CFO for Your Business
May 15, 2026
Hiring the wrong fractional CFO will cost you more than not hiring one at all. In this episode, David Richter breaks down exactly how to know when you're ready for a fractional CFO, what questions to ask before you hire one, and the secret question most business owners never think to ask that reveals everything about whether someone is actually worth trusting with your finances.
Whether you're at $100K and feeling the cash crunch for the first time or already past seven figures and wondering where it all went, this episode gives you a clear framework for finding the right financial leader for your business — and avoiding the wrong one.
David Richter on Cash Flow in Owner-Finance
How to Model the Cashflow of Owner-Finance Deals
May 8, 2026
In this solo episode of the Profit First for Real Estate Investors podcast, host David Richter breaks down the cash flow realities and hidden risks of owner finance deals — and why going in without a plan can cost you everything.
Owner finance can be one of the most powerful strategies in real estate investing, giving you multiple ways to make money on a single deal. But without the right cash projections, bookkeeping systems, and financial team in place, it can just as quickly become a liability. David walks through what you need to model before taking on an owner finance deal, the bookkeeping complexity most investors never see coming, and why Profit First is still the foundation — no matter how creative your deal structure gets.
If you're doing owner finance deals or thinking about getting into them, this episode gives you the financial framework to do it right.
Featured Posts
Why Your Business Pays Everyone Except You
You started a business to create freedom. But if you’re always waiting to see what’s left, your business may be running on a system that puts your freedom last. Let’s talk about how to change that. It... ...more
Cash Flow ,Budgeting Profit &Owner Pay
October 14, 2026•6 min read
Your Business Makes Money, So Why Do You Still Feel Broke?
Your business had a good month. Sales came in. Deals closed. Customers paid. Your bank account looked strong for a few days. Then the money disappeared. Why does the money come in but I still feel bro... ...more
Cash Flow ,Budgeting Profit &Owner Pay
September 30, 2026•7 min read
A Downturn May Not Kill Your Business—But Being Unprepared Can
It is easy to blame the downturn. But a downturn does not always destroy a business. The real problem is that the business was not ready for one. Here is the hard question: If your income dropped next... ...more
Cash Flow ,Budgeting
September 23, 2026•7 min read
Leverage Can Grow Your Business—or Quietly Destroy It
Debt can help you buy properties, acquire equipment, hire employees, and expand your business. But if you do not have a system for keeping cash and producing profit, leverage may help you grow faster ... ...more
Cash Flow ,Growth/Scaling &Profit
September 16, 2026•8 min read
The Financial Conversation Most Business Owners Avoid
A strong relationship with a CFO can help you understand what is actually happening, and make better decisions. But that relationship works best when you know what to expect—and what both sides need t... ...more
cfo ,Cash Flow &Profit
September 09, 2026•8 min read
Stop Living Deal to Deal
Many real estate investors live deal to deal without realizing it. They generate plenty of revenue, but never build lasting financial security.That is not financial freedom. It is a stressful cycle th... ...more
Cash Flow ,Profit
September 03, 2026•7 min read
David Richter on Your Finance Team
Aligning the Finance Team in Your Business
May 1, 2026
Your bookkeeper is not a CFO — and confusing the two is costing you money. In this episode, I break down the three distinct roles on your financial team, why most business owners accidentally ask the wrong person the wrong questions, and what that mistake is quietly costing them.
We talk about the real difference between a bookkeeper, a CPA, and a CFO using a hospital analogy that makes it crystal clear, what each role is actually responsible for, and why having all three aligned — or at least understanding what each one does — is the key to running a business where your finances actually work for you instead of against you.
David Richter on Allocations
Target Allocation Percentages TAPs (Explained for Growing at $1M+ Revenue)
April 24, 2026
If you don't know your target allocation percentages, you don't have a financial plan for your business. In this episode, I break down what TAPs actually are, why most business owners are running on the "hope and pray plan," and how knowing the right percentages—based on where your business is right now—can be the difference between financial chaos and a clear path to freedom.
We talk about the five core Profit First bank accounts, what percentages you should be hitting at different revenue levels, and how to get started even if you're currently spending more than you're making. Whether you're brand new or already doing seven figures, this episode gives you a target to aim for.
David Richter on Separating Money
Separating Business Money From Personal Money
April 17, 2026
If you’re mixing your business and personal money, you’re not just making things messy—you’re putting your entire business at risk. In this episode, I break down why separating your finances isn’t optional if you actually want to build a stable, scalable business.
We talk about the real dangers of co-mingling funds, from losing legal protection to unknowingly draining your business or personal reserves. I also walk through the hidden habit most entrepreneurs fall into—robbing Peter to pay Paul—and how that cycle quietly destroys financial progress. If you want clarity, control, and real financial freedom, this is a foundational shift you can’t ignore.
David Richter on Readiness
How to Audit Your Books Internally (CFO’s Checklist for Readiness)
April 10, 2026
If you can’t audit your own books, you can’t trust your numbers—and that’s a dangerous place to run a business from. In this episode, I walk you through a simple, practical way to internally audit your financials so you can actually understand what’s happening inside your business.
We break down the three core financial statements—profit and loss, balance sheet, and cash flow—and what you should be looking for in each one as a business owner. This isn’t about becoming an accountant. It’s about knowing enough to spot red flags, ask better questions, and make confident decisions with your money.
David Richter on Cash Flow vs. Profit
Cash Flow vs. Profit (What’s the Difference)
April 3, 2026
Profit doesn’t matter if you run out of cash—and that’s where so many business owners get blindsided. In this episode, I break down the critical difference between cash flow and profit, and why confusing the two can put even a “profitable” business at risk.
We talk about why your bank account doesn’t match your profit and loss statement, how money moves through your business differently than it shows up on paper, and why you need systems to manage both. If you’ve ever wondered how you can show strong profits but still feel broke, this episode will give you the clarity you’ve been missing.
David Richter on Borrowing vs. Cash
When to Borrow Money & When to Use Cash Flow to Scale Your Business
March 27, 2026
Borrowing money can help you scale your business—but it can also destroy it if you do it for the wrong reasons. In this episode, I break down when it actually makes sense to use debt in your business and when you’re better off growing from your own cash flow and reserves.
We talk about the difference between smart debt and risky debt, why so many entrepreneurs rely on loans without a real plan, and how to think through both the best-case and worst-case scenarios before you take on any financial risk. If you’ve ever wondered whether you should borrow to grow or stay disciplined and build from within, this episode will help you make that decision with clarity and confidence.
David Richter on Accountability
How to Get ROI From Your CFO Investment in Year One
March 20, 2026
If your CFO isn’t producing a return, they’re not an asset—they’re an expense. In this episode, I break down what it really takes to get ROI from a fractional CFO and why so many business owners miss the value simply because they don’t know how to use one effectively.
We talk about the key shifts that happen as your business grows, why bad financial habits only get worse with scale, and how a CFO should help you actually keep more of what you make. I walk through the exact ways you should be working with a CFO—from communication and goal setting to dashboards and accountability—so you can turn that investment into real financial results in your business.
David Richter on Built In Profit
How to Build in Your Profit Margin Before You Buy the Deal
March 13, 2026
If your flip isn’t profitable before you buy it, it won’t magically become profitable later. In this episode, I break down one of the biggest mistakes real estate investors make—buying deals with margins that are simply too thin.
I share lessons from my early days working in a high-volume real estate investing company where we were doing dozens of deals a month but still getting burned by projects that didn’t have enough profitability built in. We talk about how to reverse-engineer your profit margin before you make the offer, how to account for the unexpected costs that always show up in flips, and why understanding where your profit will go after the deal closes is just as important as estimating it upfront.
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