462: Are You Keeping Enough Profit From Your Deals?
David Richter reveals how to accurately track your profit, manage your cash, and use clear benchmarks to keep more money from every deal.
The DealMachine Real Estate Investing Podcast · David Richter
Audio is streamed directly from the publisher (cdn.simplecast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Most investors have money coming in… but no real clarity on how much of it is true profit. In this episode, David Richter breaks down the exact benchmarks, percentages, and systems you should follow to finally understand what you’re actually keeping from each deal and how to manage your cash the right way. He’ll show you how to avoid being “deal rich but cash poor” and give you a simple framework you can plug into your business today to stay profitable on purpose.
KEY TALKING POINTS:
0:00 - Intro
0:50 - The Business Hierarchy Of Needs
2:37 - REI’s Paradox
3:22 - The Real Estate Rat Race & What To Spend Your $$$ On
4:58 - What Success Actually Looks Like
7:47 - The Winning Financial Framework
10:50 - Most Requested Numbers By Flippers
13:40 - Successful Team Benchmarks
15:25 - Outro
LINKS:
Instagram: David Richter
https://www.instagram.com/thedavidrichter/
Website: SimpleCFO
https://simplecfo.com/
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/