"People must not just be successful financially but become a thriver in life."

In this episode of Profit First for REI podcast, we interviewed Greg Slaughter. He is a real estate investor with a massive portfolio, especially in residential real estate.

Greg talks about his real estate investing journey, through emotional ups and downs. He also shared how he lost everything back in 2008 and how he recovered and went to the best time of his life.

He will ensure that you will be a great business owner and that your business will serve you. Enjoy the show!

Key Takeaways:

[00:49] Introducing Greg Slaughter
[02:01] How he got into real estate
[06:51] His W2 job
[08:30] His first rental property
[12:40] First year being full-time in real estate
[20:54] Business must serve you
[23:07] Helping people financially
[29:10] The right way to do a business
[30:21] Connect with Greg Slaughter

Quotes:

[07:47] "I was trained in the systems. Everything I do is a system, and what I do today is based on systems."
[20:52] "Business is supposed to be serving you. You are not supposed to be serving your business."
[29:10] "The concept isn't to grow business. The concept is to create a business around your lifestyle to provide the finances you desire. It should be built around you."

Connect with Greg:

Website: https://www.gregslaughter.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

In this episode of Profit First for REI podcast, we are sitting down with Jennifer Steward of REI Data Source, to unveil the secret weapon you've been missing: authenticity.

Jen will crack the code on how to project a winning image that seals the deal…But wait, there's more! Learn the top revenue activities every entrepreneur should master and discover the power of consistent strategies to solve your REI problems.

This episode is your blueprint to a thriving virtual business. Don't miss out!

Key Takeaways:

[0:50] Introducing Jennifer Steward
[6:07] Project an image of success from time to time
[9:16] Some best revenue activities that every entrepreneur should know
[11:00] Leveraging every avenue that you can, get consistency, and make sure you’re solving current problems
[17:43] The golden ratio in social media marketing is: 90% business and 10% personal
[25:02] The benefits of running a virtual business

Quotes:

[4:20] “Authenticity is like a business repellant.”
[10:09] “In a market where you can’t dind deals but there’s plenty of money, you have to be the person who knows how to find the deals.”

Connect with Jennifer:

REI Data Source Website: https://www.reidatasource.net
Jen’s Email: jen@reidatasource.net
Phone Number: (469) 952-8011

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

In this episode of Profit First for REI podcast, we have Amanda Webster. She is a business funding educator, credit expert, leadership consultant, and speaker. She is also the Chief Operating Officer of Fund&Grow.

Amanda talks about her relationship with her CEO, things about purchasing properties or building your business credit and making sure that you are not just always spending your own money. This episode is for you! Enjoy the show!

Key Takeaways:

[00:56] Introducing Amanda Webster
[02:41] How she started working with Fund&Grow
[04:32] Law of attraction
[09:03] What makes a successful COO-CEO relationship
[12:38] About Fund&Grow
[18:12] Personal guarantees
[21:00] The lines of credit
[28:00] The advantage of using credit cards
[30:36] Connect with Amanda Webster

Quotes:

[05:29] "Leadership is what dictates the success of the company and its employees."
[19:04] "A lot of people don't realize the importance of separating business and personal business and how much over-extending your personal hurts you in so many ways."
[28:06] "There is an extreme amount of value in using business credit cards because there are points, rewards, and cashback."

Connect with Amanda:

Website: https://funding.fundandgrow.com/simple-cfo

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

In this episode of the Profit First for REI podcast, we have Shauna, the Tax Goddess. Shauna is a highly sought-after Tax Strategist who helps successful business owners, entrepreneurs, and high-wage earners reduce their tax burden.

If you need practical advice on keeping more money in your pocket and not paying too much tax, Shauna has a wealth of knowledge!

In this episode, she shares ways to save money on taxes and more ways to increase your profitability. Enjoy the show!

Key Takeaways:

[00:55] Introducing Shauna the Tax Goddess
[01:45] 'The Tax Goddess'
[03:18] How did she become a tax strategist?
[07:25] Ordinary, necessary, reasonable
[12:28] Different tax strategies
[17:29] What is your aggression scale?
[19:51] Specific tips for real estate investors
[25:45] Performance vs Culture
[28:40] Connect with Shauna, The Tax Goddess

Quotes:

[10:49] "A lot of what you do as a business owner, you need to run through this filter of ordinary, necessary, and reasonable to determine if for you and what you are doing, you believe that you need those three."
[16:24] "Which strategy will be the best depends on what you as a taxpayer want for you, your family, and your wife."
[18:09] "Your aggression scale will determine which strategies you can use or don't use."

Connect with Shauna:

Website: https://taxgoddess.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

Know other people's stories. It is Scot Poirier's striking advice for investors on their first deal.

In this episode of the Profit First for REI podcast, Scot, a successful real estate investor and coach, gives you practical advice on investing in real estate and how to get a seller to open up.

He also shares his story of his first deal and the challenges he overcame in his journey. Listen to have the right motivation and hope to pursue your real estate investing journey. Enjoy the show!

Key Takeaways:

[00:39] Introducing Scot Poirier
[02:55] Life before real estate investing
[06:17] His very first deal
[09:57] After repair value
[10:49] The wake-up call
[16:51] Learning about people
[25:28] How can you make people open up to you?
[30:22] Remove 'permission language'
[33:10] Connect with Scot Poirier

Quotes:

[05:13] "People are people. They have crises, and they need to have a sense of trust to work with you."
[10:51] "When you don't know that you don't know, you might get lucky on a deal, but when the other shoot drops, it hurts."
[29:12] "Don't give up. Surround yourself with good people. People that have your interest in mind."

Connect with Scot:

Website: https://www.facebook.com/scot.poirier

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

Joining us in this episode of Profit First for REI podcast is Chris Johnsen. He is a lawyer in the real estate space and worked primarily for commercial real estate.

In this episode, Chris talks about the common pitfalls people go through in real estate and when you need a lawyer in your business.

Listen as he explains why you should hire a lawyer for your business contracts. Enjoy the show!

Key Takeaways:

[01:03] Introducing Chris Johnsen
[04:34] Getting into a specific niche as a lawyer
[09:03] Education as an investment
[14:52] The Golden Handcuffs
[17:21] Most common questions he gets as a lawyer
[23:20] Operating Agreement
[26:48] At what point should people get a lawyer?
[30:47] Connect with Chris Johnsen

Quotes:

[02:43] "I saw two things in lawyers. I saw that they provide value that is needed and are expensive."
[09:03] "You should look at your education as an investment in yourself."
[23:20] "Operating agreement is a contract between the company's owners on how to run the company... there are so many pitfalls."

Connect with Chris:

Website: https://www.johnsenlaw.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

"I'm okay with sacrificing now for a greater future."

In this episode of the Profit First for REI podcast, we have Martine Richardson. She has been a real estate investor for about ten years, from being a full-time employee with no money and no time freedom.

Martine shares practical steps on getting out of the rat race and her experiences on her real estate journey. Listen and enjoy the show!

Key Takeaways:

[00:50] Introducing Martine Richardson
[02:40] Before entering the real estate space
[07:10] Sandwich lease option
[11:31] Buy and hold
[14:04] The Power of Holding
[15:55] Two ways to know how much money you need per month to live comfortably
[19:34] Mid-term rentals
[28:14] Martine's advice for real estate investors
[30:45] Connect with Martine Richardson

Quotes:

[07:13] "Sandwich lease option agreement, when you are leasing a property and you have the option to purchase it in the future."
[13:49] "I've always been like a long-term thinker. I'm okay with sacrificing now for a greater future. Me holding made complete sense to me."
[28:23] "Many people are stuck in the analysis-paralysis stage because they want to know everything about how to do something... I would encourage people to learn the first step and take action on that first step. Learn the second step and take action on the second step."

Connect with Martine:

Website: https://www.facebook.com/groups/thefreedominc

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

Profit First helped a lot of investors. One of them is Trey Nixon, our guest for today's episode.

Trey is a real estate investor, business owner, and successful entrepreneur. He implemented Profit First in his business and became successful in real estate.

In this episode, he will share how Profit First transformed his life. He will give you hope about this method and how it works. Enjoy the show!

Key Takeaways:

[00:57] Introducing Trey Nixon
[02:18] Life Before Profit First
[06:10] Marathon vs Sprint Mindset
[11:51] From employee mindset to thinking like a business owner
[20:19] Goal of helping other people
[25:14] The importance of systems
[27:16] Connect with Trey Nixon

Quotes:

[06:44] "There are two numbers that every investor needs to know. First, what do I need to run this business, and then what do I want?"
[11:05] "It took us a couple of years to get from employee mindset to understanding what Rich Dad wanted us to do... We were successful but living paycheck to paycheck."[13:14] "Be yourself. Be strategic. Organize and deploy your money, time, and energy strategically."

Connect with Trey:

Website: https://www.skool.com/@treynixonofficial

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