Profit First for Real Estate Investors

On this episode of Profit First for REI podcast, we have Brandon Richards. He has been in real estate for nine years, focusing on wholesaling and manufactured housing.

He talks about the lessons he learned on his investing journey, the quickest route to success, and his semi-traditional way of real estate investing.

Listen as he talks about these topics and more about wholesaling and manufactured housing. Enjoy the show!
Key Takeaways:
[00:54] Introducing Brandon Richards
[02:50] Brandon's favorite exit strategy
[05:05] Starting their real estate journey
[06:50] The ups and downs of real estate
[08:20] Why do lots of real investors live deal to deal?
[11:49] Not the typical wholesaling
[18:24] Hardest lesson as a real estate investor
[23:46] The quickest route to success
[25:55] Connect with Brandon Richards
Quotes:
[05:28] "We knew we wanted to get into real estate, but we didn't know what it looked like."
[18:33] "I had a good amount of equity. I had decent cash flow, but I chose the wrong areas. They are in tertiary markets."
[24:13] "What makes real estate easier for me is having access to private money."
Connect with Brandon:
Website: https://www.instagram.com/fearlesspursuitoffreedom/
Tired of living deal to deal?

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

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

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

His entire philosophy on putting lifestyle first has a fantastic intersection with the Profit First method’s focus on making sure that the owner-investor gets their share. Tune in!
Key Takeaways:
[00:43] Justin Donald

[02:29] The First Commandment: Lifestyle First

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

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

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

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

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

[28:08] The Hardest Lesson Justin Has Learned

[30:36] How Listeners Can Provide Value Back to Justin
Quotes:
[03:36] “For me, the whole purpose of life is to be in control of your time, to be a time billionaire, to really buy your time back and spend it in a way that you see fit.”

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

[26:12] “The more you hang out with people that are bigger thinkers, you're just naturally going to become a bigger thinker.”
Connect with Justin:
Get a free copy of his book: lifestyleinvestorbook.com

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

Website: justindonald.com

Tired of living deal to deal?

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

Don't get tricked by naysayers and those who have failed to implement the Profit First system correctly. Because today, we’ve invited the "king" of real estate, and he’s going to set things straight.Glenn Stromberg is here to bless us with his field expertise so we can also rise to the top as quickly as we can. Let’s hear some essential tips from this business tycoon.

Key Takeaways:

[1:55] How did he start in real estate and what was the big kickoff from there?

[6:16] What early lessons did he have about money, and how is it compared to what he thinks about money today?

[8:50] What lessons about money does he want to pass down?

[10:51] How does Glenn track his numbers and what are his key indicators?

[13:54] Glenn’s financial advice to the real estate community

Quotable Quotes:

[6:43] "Money is the bi-product of serving people."

[13:48] "Get in mastermind groups. That is the game changer."

[14:34] “ Not everybody should scale. You need to find out first where you want to go and where you want to be.”

Links:

The Go Giver by Bob Burg and John David Mann-https://thegogiver.com/

Stromberg Investment Group-stromberginvestmentgroup.com

Email Glenn [email protected]

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

How Important is Lender Relationships with Brent Daniels

Joe Evangelisti is the CEO of Hero Home Buyers. He's done over 1000+ flips in the last 12 years. Listen in today about how he started his Real Estate Journey and how Profit First changed his business.