Profit First for Real Estate Investing: Transform Your Real Estate Investing Business from a Cash-Eating Monster to a Money-Making Machine

by David Richter

It’s time to stop living deal to deal.

Real estate investors have systems for almost everything—to make the phone ring, to find deals, and to fix, rent, and sell their properties. What they don’t have is a system for their finances that ensures positive cash flow and profitability. This is why many investors end up scrambling to cover payroll, taxes, and even their own bills.In Profit First for Real Estate Investing, real estate finance expert, David Richter, reveals his simple cash flow system that not only makes “pay yourself first” possible; it makes it easy. Built on the proven Profit First method created by Mike Michalowicz, this system is tailored to the unique realities for real estate investors. Designed to help you reduce stress and build a healthy and profitable real estate company, this step-by-step guide will even show you how to get more deals using the Profit First System. Starting today.

Genres: Business, Finance

199 pages, Kindle Edition

Published December 3, 2021

Reviews

[Rachel · Rating 4 out of 5]

I enjoyed the book but will say it is for people who are pretty far along in real estate investing but financially unstable. It has a lot of good information and practical tools, I especially like the system of naming expenses as profitable, replaceable, and necessary. It feels a little repetitive, especially if compared to the original profit first book. But if you are interested in real estate and getting your business organized I recommend it as it hammers important points home.

[Kristen · Rating 4 out of 5]

We've had rentals for 15 years and have done an okay job. This book left me sweating because our finances are not as insulated as they could be (I've had to pull from other sources to pay for furnaces, brick repairs, and new roofs). It's going to be hard and take time, but I think we can switch over to a PFREI structure.

[RJ Bates III · Rating 5 out of 5]

As a real estate investor, this book is phenomenal. I had previously read Profut First by Mike Michalowicz and had a ton of questions how this could be implemented into my real estate investing business. This book answered every question and more! Must read for any real estate investor.

[Monica · Rating 5 out of 5]

rentals

I was having trouble visualizing how to put Profit First into practice in real estate and he did a nice job outlining the process.

[Ferhat Elmas · Rating 3 out of 5]

Not a bad resource for a totally lost (lacks systems in life/business) but mostly repetitive and too simple for anybody in engineering.

[Wanda · Rating 5 out of 5]

I am looking forward to implementing this process.

[Lee Johnson · Rating 5 out of 5]

Great book, understandable but smart!!

[Ronald J. Pauleus · Rating 5 out of 5]

Great read, will implement this model in my real estate adventures.
“The core of Profit First for Real Estate Investing is to make sure the owner reaps the benefits of starting the business.”

[Dan Dawson · Rating 1 out of 5]

trash