JF2943: Common Financial Pitfalls Investors Overlook ft. David Richter

<p>David Richter has 10 years of real estate experience with a background in acquisitions, disposition, property management, transaction coordination, marketing, and CFO. Through that experience, he realized he wanted to help real estate investors learn how to take control of their finances. After reading <a href= "https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4" target="_blank" rel="noopener"><em>Profit First</em> <span style= "color: #1155cc; text-decoration: underline;">by Mike Michalowicz</span></a>, he knew he had the perfect framework to help real estate entrepreneurs manage the cash in their businesses. </p> <p>Today, David is the owner and founder of Simple CFO Solutions, which matches real estate investors with a fractional CFO to grow their bottom line profit and decrease financial stress. He is also the author of <a href="https://amzn.to/3OXHWTM" target="_blank" rel="noopener"><em>Profit First for Real Estate Investing</em></a>.</p> <p>In this episode, he discusses common financial pitfalls he sees real estate investors experience, why he recommends entrepreneurs set up at least four bank accounts to manage their finances, and the services he offers real estate professionals through Simple CFO Solutions and the Profit First System. </p> <p> </p> <h2><strong>David Richter | Real Estate Background</strong></h2> <ul> <li aria-level="1">Owner and founder of Simple CFO Solutions, which matches real estate investors with a fractional CFO to grow their bottom line profit and decrease financial stress.</li> <li aria-level="1">10 years of real estate experience, including acquisitions, dispositions, property management, transaction coordination, marketing, and CFO.</li> <li aria-level="1">Author of <a href="https://amzn.to/3OXHWTM" target="_blank" rel="noopener"><em><span style= "color: #1155cc; text-decoration: underline;">Profit First for Real Estate Investing</span></em></a></li> <li aria-level="1">Based in: St. Cloud, FL</li> <li aria-level="1">Say hi to him at:</l