Episode 81: The Two Keys to Financial Freedom: Profit First & Cash Reserves Featuring Justin Silverio
THE PROFIT FIRST REI PODCAST
April 10, 2022
DAVID RICHTER
Summary:
It’s incredible how profitability can give you so many options. It gives you the freedom to do whatever you want, and it also helps level up your business. Making more profit means having what it takes to navigate your real estate journey and achieve your personal goals.
We’re pulling in Justin Silverio as he deep-dives and spills out facts on how one can scale up their business and build a profitable company with the help of ridiculously awesome team players. He will also share snippets on how he’s been able to use his app, Invelo, to help improve people’s careers. And as well as dissect the benefits of using profitability to scale up and expand our business endeavors. What are you waiting for? Click that play button and kickstart your day by listening to this insightful episode!
Key Takeaways:
[1:37] The most significant and most challenging lessons he’s learned throughout his real estate investing career
[2:04] Making sure that you have the right people in your business
[5:21] Has he ever run into money struggles and problems along the way?
[5:42] On the importance of cash flow management
[6:56] How did Profit First enter his sphere, and how did it help him in his business?
[9:03] Making more profit gave him the opportunity and freedom to do things
[11:44] Using the profit to start a business and have team players
[17:01] Building a platform (Invelo) for investors that have three critical aspects: Software, Education, and Community
[24:42] Generating deal flow is one of the most critical aspects to having a successful business other than cash flow management
Quotes:
[1:53] “I am making sure that I align myself with the right people in my business.”
[6:27] “If you don’t have a good process don’t start to scale, those issues will be much larger and it will critically impact your business.”
[11:20] “Everyone is just so impressively amazing and it’s just exciting to be able to work around these people. And scale the business together.”
Links:
Email Justin – justin@inveloapp.com
Invelo app – www.inveloapp.com
JS2 Homes LLC – http://js2homes.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
Transcript:
David Richter:
Hey, hey everyone. Welcome back to the Profit First REI podcast. This is your host, David Richter. I have Justin Silverio here today. He’s the founder of Invelo and the owner of Open Letter Marketing. And he does have a real estate company, JS2 Homes. He’s been a real estate investor for 11 years.
But this is an exciting episode. We are talking about how cashflow management is the number one thing that has helped him build his businesses, take vacations, be less stressed when he starts his business. I mean, these are some key things that we talk about in this episode that I’m really excited about. And then also, talking about projects and reserves, where to put the money in what you should do, as a real estate investor, to know what to do once you’re profitable. Once you start becoming profitable, you listen to this podcast, you listen to others and really diving in deep. What makes a profitable company and how can I use that profit to either start a new business, take more vacations, have less stress. So, this is an awesome episode. And I can’t wait for you to listen to Justin right now.
Justin, just did this intro here. I wanted to now ask you one of the toughest questions probably right out of the gate. What is the biggest or hardest lesson you’ve learned in your real estate and investing career, and I would even say in your business career, because of all that you’re doing right now, or that you have done, or the companies you’ve started?
Justin Silverio:
Well, you’re starting off with a good question because I would have to say making sure that I’m aligning myself with the right people in my business. At the end of the day, I think the most important thing for a business is you’re only as good as your weakest link. So, making sure that you have the right people in your business at that point in time is critically important. And as your company grows, you’ll actually notice that maybe the people that were right at this one point in time are not going to be the right people now. So, you have to make that hard decision in understanding that you need to make sure they either grow with the company or you need to replace them with somebody else that can operate at the level that you are at with your business.
David Richter:
Awesome. I love that because there’s nothing like being a business owner and seeing other people flourish with you, that it’s-
Justin Silverio:
Absolutely.
David Richter:
… You’re on this team together. You’re helping each other grow. You’re helping these people get where they want to be as well too. So, I absolutely love that. There’s nothing like it, being a business owner and seeing other people get their wins, whether it be the sellers or buyers you work with, or also the team members that you have. And it is all about the team. I feel like I hear that a lot on this podcast but it’s because I interview a lot of good people like you, Justin, that actually care about the people they work with and want to, and want to bring them along on the journey and make sure they’re succeeding too.
David Richter:
I want to ask the-
Justin Silverio:
Absolutely.
David Richter:
… Why real estate? Why did you even get into real estate? And what did that unlock for you? And now, you’ve done services for real estate too, and whatnot, and just trying to serve the real estate community. So, why real estate?
Justin Silverio:
So, I think real estate brings it back to I always wanted to be an entrepreneur. Didn’t know how, didn’t know where, but I have a lot of entrepreneurship in my family. My father was an entrepreneur, my brother, my uncles.
My father was a contractor but I knew I never wanted to be a contractor. I knew what he had to deal with day in and day out with other contractors and then homeowners. But I was always fascinated with what he did. I always felt like it was an art form that he’s taking raw material and he’s building a house that people can live in. And I was really fascinated with that. So, I loved that aspect of it.
And then, as I kind of went through schooling, I landed in a degree in accounting, in private equity and venture capital. And I loved businesses, and I loved understanding early stage and the excitement around a business. So, with all of that included, I was definitely a numbers person but I didn’t know construction. And then, I happened to come across HGTV on flipping. And I was like, “Man, this is really cool. It’s combining two aspects. Like I understand the numbers, what to purchase it at, and I can probably do the numbers on what I need to sell it for and all the construction but I don’t know management of construction, how to do it, all that stuff.” So, I teamed up with my father and I said, “Hey, do you want to flip a couple properties with me? And he was all for it. And that’s how I got started. And we started off with one, and then we just went from there and it kind of steamrolled and was just an exciting kind of road.
David Richter:
Awesome. So then, let’s talk about that road a little bit here because I don’t know if there… Maybe you’ll be the first one but I want to ask, along that road, because you’ve done lots of real estate deals, you’ve had your real estate business, you’ve opened up other businesses as well too. Have you ever run into money struggles or money problems along-
Justin Silverio:
Ah!
David Richter:
… the way in any of the businesses that you had?
Justin Silverio:
Absolutely. Absolutely. I feel like with real estate, it’s very easy. So, just going back, I’m an accountant by nature, so I’m super conservative. I think more conservative than most people are. So, cashflow management was always something that was at the forefront and making sure that I don’t ever get into a situation where I don’t have enough money to continue to fund a project because I didn’t budget for reserves. So, that was always something that was always on the top of my head.
But even though that was the case, there were a couple times that I did run into some issues with cashflow management. So, learning from those lessons and making sure that doesn’t happen again, and factoring for that, was a critical step as I continued to grow my business, doing bigger deals, making sure that I was really good with the reserves. Because if you don’t have a good process and you start to scale, those issues are only going to be much larger, and can really critically impact your business.
David Richter:
I love how Keith Cunningham puts it. He’s like, “If you scale a cancer’s business, the tumor just gets bigger.”
Justin Silverio:
So true.
David Richter:
It is.
Justin Silverio:
It is so true.
David Richter:
So, you’re also a Profit First fan, which is a cashflow management piece and really does help with that-
Justin Silverio:
Yes.
David Richter:
… clarity. So, speak to that. How did that enter businesses or how did that enter your sphere? And what did that help with, once you started implementing some of that?
Justin Silverio:
Yeah. So, I mean the biggest piece… Again, going back and just making sure my business is operating. So, there’s many different ways to run a business, right? But I want to make sure I’m running an efficient and effective business.
David Richter:
Yes.
Justin Silverio:
Okay? So, if people say, “You know, I made 20 million dollars in revenue this year.” “Great. How much did you keep?” That’s the important thing. It’s like, “Okay. What percentage net profit did you actually make?” Because that’s what’s really going to tell you how good and how efficient their business is run.
David Richter:
Yeah.
Justin Silverio:
So, as I’m running my businesses, my first thing is to make sure that I locked on a process on making sure that the business is working properly. And then, from there, my next step is always, I want to make sure that we’re efficient on the P&L side and that we’re keeping as much as we possibly can and squeezing everything that we can out of it by analyzing my expenses, analyzing my cost-to goods sold, all of that stuff.
So, that’s kind of how I go through because, at the end of the day, if I’m doing 20% in a profit versus 10% in a profit but it’s a huge difference. So, that’s really where I focus on a lot, is making sure that bottom line is as high as it possibly can be.
David Richter:
Because what does that do for you? What does that do for you as an owner? And then, does it… If you’re focused on that and getting that to be better, does it affect your family? Where do you take it from there once you’re getting to those bigger and better percentages?
Justin Silverio:
Yeah. So, just like what you said. I mean, you’re making more net profit, you have so much more opportunity to do different things. And for me, that was starting another business and being able-
David Richter:
Awesome.
Justin Silverio:
… to internally fund it. And that was a critical, critical step for us, is that we didn’t have to find outside funding. One of my businesses was able to fund another big project. My family and I can take… We were vacationing. So, we have more opportunity and more money to have freedom. And then, we can reinvest in the company as well.
Justin Silverio:
So, a lot of that, the more bottom line that we take home and keep, the more that we can reinvest in the business to continue to grow it. Because luckily I’m at a point where one of my businesses is growing really quickly, so we need to make sure that we reinvest that capital back in assets.
David Richter:
Awesome. And I love that because it goes right along with what we were just talking about, that you can’t scale your way out of those problems-
Justin Silverio:
Yeah.
David Richter:
… those issues that, either with cash or management or whatever that issue is, that a lot of people think, “Oh, it’ll go away as it gets bigger.” But if you’re profitable and you scale profitably, if you’re able to use the net profits to take the vacations or to reinvest or buy another a business or start another business, it’s like that is, I feel like, Nirvana to a lot of people. It’s like, “Okay. You mean I don’t have to go get outside funding and I can actually start this business, and we’re going to be self-funded here and really get where we want to be, and be profitable, maybe from day one here because we’re not taking on this debt that is just looming over us.”
So, would you say that’s a lot of the feeling that you get from starting that business with your own funds and from doing things that way?
Justin Silverio:
Absolutely. I mean, it’s amazing because not only were we able to fund the new business but we were able to start off with A-Plus team members. And it’s really interesting looking back when I started my first business from the ground and not having that capital, my ability to hire people wasn’t as strong as it is now. So, I wasn’t able to hire those A-Plus players. So, you hire the people that will get you by for right now. And this is what I was talking about earlier.
David Richter:
Yes.
Justin Silverio:
But then, as you continue to grow, those people really don’t have the skills to get you to the next level. Some people do but other people don’t have those skills, so you need to then reinvest in the company, hire more experienced, more expensive people, and keep on going. But when we were able to internally fund this new business, like everyone is just so impressively amazing that it’s really just exciting to be at work around these people. So, it’s like elevating the culture around us. Everybody’s very excited. Everybody knows what they’re doing, and they’re all moving toward the same goal.
David Richter:
I love that, using the profit to start the business and have A-Players right away. And I’m guessing too, since this is a Profit First REI podcast, that that also allows you to ride away with a new business, either pay yourself what you need or you’re paying yourself like you’ve got enough profitability from the last business. It’s like nothing needs to slow down with you because you see that a lot.
Justin Silverio:
Yeah.
David Richter:
Someone starts a new business and it’s like really drags the money from this other business. And now, they’re just struggling again and they’re all in… So, can you speak to that? When you started this new business, you could have A-Team players but were you also able to keep paying yourself what you needed to pay yourself?
Justin Silverio:
Yes.
David Richter:
Oh.
Justin Silverio:
Yeah. So, before… I mean, I learned early on, if I wanted to be successful in any business, I needed to have focus. And I learned that because I was investing part-time while working a full-time job for five years before I left my day job.
David Richter:
Okay.
Justin Silverio:
And once I left, within the first three months that I left and I focused fully on real estate investing, I made more than I would’ve made in two years of my salary.
David Richter:
Nice.
Justin Silverio:
And I was making six figures. I was making a good paycheck.
David Richter:
Yeah.
Justin Silverio:
It was amazing what focus could do or can do for people. And from that point on, I said, “If I ever want to do another business, I need to make sure I fully focus on one business, build out a team, that I’m not going to be a cog in the process, so that I can then focus my efforts on a new business.”
And that’s what I’ve done kind of over the years, I’d make sure that I could backfill. And I have now a COO running another business, and they’re managing all the day-to-day. And I have very little interaction throughout the week with that. I do still a lot of high-level stuff there but for day in and day out, 98% of my focus is on this new business, and I don’t have to be concerned about the other business still continuing to be profitable and all of that. And it’s not impacting me at all. I’m still making what I need to make. It didn’t change there because, again, the bottom line is actually increasing year over year because we’re becoming more efficient. And that’s, what’s exciting for me. I’m a total data nerd that when I see those numbers increase on that profit, that excites me.
David Richter:
I don’t think you even have to be a data nerd for that part of it because that’s-
Justin Silverio:
That’s true.
David Richter:
… fun. A lot of people know that bottom-right corner of the Profit & Loss, that Income Statement to say, “Are we making money or are we not?” And I think a lot of people can take away from that is that profitability gives you options. Options is one of my favorite words, of being able to have the option to hire A-Players, the option to continue paying myself or now maybe increase it now. Maybe the wife or the spouse or husband or family would like more, so that way we could do more or growing your net worth or whatever. It just gives you options. Personally, professionally, it helps you also launch a business because I’m sure one of the reasons you started a new business was to impact more people, bring more value to more people. It’s like when you get all of those in line, something magical happens. You have the profitability. You’re not… Because if you’re stressed, people can feel that, especially if you’re in-
Justin Silverio:
Oh, absolutely.
David Richter:
… education or whatever. It’s like people feel if you’re stressed or you’re under the gun. And having a system like a Profit First or like this to help you make sure that you have that profitability, you’re paying yourself, then you can. That’s where we also see people that want to start a new business but it’s really like, “I don’t like my old one,” or, “I don’t want to fix the problems in my old one. I just need to start a new one.”
And I feel like, on this podcast, we’re getting the total opposite of that mindset and mentality of you’re starting this business because you are profitable, because you can bring more value, because you do have the options, you can start with the A-Players. So, this is what being profitable affords you to be able to do, like getting you to where you want to be. This is awesome. So, I love talking about this new business and what I want to talk about what you’re doing.
So, do you want to talk about that new business of what Invelo is and how you’re helping investors or like-
Justin Silverio:
Yeah.
David Richter:
… what you’re launching with Invelo?
Justin Silverio:
Yeah, absolutely. So, just going back, being a real estate investor for about 11 years now and knowing the struggles and needs that are out there, that’s how I started. I launched Open Letter Marketing, which is a direct mail provider for investors. And we’ve worked with thousands of customers across the country since 2016. And then again, learning what the other people’s needs are. And mostly, if I have a need for something in the real estate investment space, then other people generally usually do too. But seeing that there is a consistent need, not only for beginner investors but even intermediate and advanced investors that have been doing this for a long time, I noticed that they’re still not utilizing or marketing in the best way that they possibly can and really managing their whole sales pipeline and having a community for that.
So, what we were looking to do is we were looking to build a platform that’s made up of three critical aspects; software, education, and community.
And through the software, we have a full-on sales pipeline. So you can pull less, you can manage prospects, you can identify your highest quality prospects versus your lowest quality so that you can segment them properly, so that you can market to them effectively and spend more money on your high-quality prospects, less money on your low-quality prospects, right? That right there, not many investors at all are doing. And that is how you, again, be very effective with your marketing spend, is making sure that you’re spending the right dollars on the right people, managing your lead flow, managing your deal flow, full-on marketing campaign. So the full gamut in a way that people haven’t seen before.
I mean, again, going back to working with the best people and the brightest people, we are pulling in people from the software industry to make sure that it’s extremely intuitive, it’s very easy layout, it’s simple to use. And I think that’s something that the investment industry really needs right now.
On the education side, you’re going to be one of the Masterclass instructors, which I am super excited about, but we are pulling in industry experts, not only to teach you on what you need for real estate to be successful. So, you’re going to be talking about Profit First. We have other people talking about how critical mindset is, or how to market properly, or how to do different things. But we’re also doing full-on on the personal side as well; how to be a great father or mother having kids and trying to run a business or start a business.
David Richter:
Yeah.
Justin Silverio:
How to stay healthy when you’re working sometimes long hours. So, we want to make sure that it’s really well-rounded and it will answer and make people feel like, “Everybody else is experiencing this but this is how I can get past it.”
And then, the community aspect is just bringing together other business owners so that they can really communicate and share information and knowledge with everybody else. Because, as we know, entrepreneurship is lonely sometimes. You’re in it by yourself and you don’t know if you’re making the right decision or if other people are going through the same stuff. So, having a community is really important for us. And that’s what we’re set out to do.
David Richter:
Awesome. Now, I love that because so many people, the reason they’re listening to this podcast is they want to be better stewards of their money. They want to know that… And they want clarity, they want direction. And the other side of that is, you have to know how to spend the money. You have to know. I love what you were talking about there with the marketing because that’s something we do with our clients is, where is the best place to spend it? So, I love that you’re building that and have that option and availability because that’s where so many people, they are really good at closing deals but they need to close the best deals-
Justin Silverio:
Yes.
David Richter:
… from the best marketing, and making sure, like you said, you’re building your business to be efficient and to be effective and to make sure you’re doing that.
So, I love that because you have to have the yin and the yang. You have to be able to make the money and make it the most efficient way possible.
Justin Silverio:
Yes.
David Richter:
And you have to keep it. You have to keep that money. Like we talked about here, you have to have that bottom line. I don’t care what you’re making if you don’t have that bottom line. So no, that’s awesome. So, that’s Invelo, and I’ll make sure that we have a link down below. We are doing the show notes now and making sure that you can have that link to Invelo. And I’ll make sure that Justin gives that link at the end here too.
But I want to ask too, since you are a fan of Profit First and that methodology and the whole system, what advice would you give to the real estate investors listening that are looking to adopt Profit First, and the mindset behind it, and just what it means to you?
Justin Silverio:
Yeah. I mean, a lot of people get into real estate investing and they’re not very well versed in maybe business or starting a business, right? They understand renovating. They know exactly what they want to do. They look at, “I just want to renovate properties,” but it’s a really important, especially on the real estate investing side, that you understand cashflow management. I really strongly feel like that is one of the most critical aspects. I can’t tell you how many people that I’ve talked to over the years. And it’s the same thing. You can be making a lot of money at a certain point in time with real estate investing but then, like you said, you can also be strapped-
David Richter:
Yes.
Justin Silverio:
… because you’re committed, you have projects going on, your money’s out funding new deals, construction, and you have a very small savings at that point in time. And there’s a lot of effects that can happen. You can’t buy a new deal because you don’t have the money. You might not be able to pay yourself that month because you don’t have the money because you need it for other stuff.
So, understanding cashflow management and making sure you have reserves and just dialing that in, I think, is so critically important that I think a lot of people overlook. And I would say that that’s probably one of the earliest things that people should learn is how to do it effectively.
David Richter:
Awesome. No, I love that. So, you brought up the word, reserves. So, I want to ask you because I get different answers here. You say you’re pretty conservative because you’re a numbers guy. So, what’s a healthy reserve for you? I wouldn’t even say like, oh this is for everyone. But like what do you feel comfortable with in reserves? Is it a month, like three months of reserves, or a year? Is it a monthly… of expenses, or what would you say on the reserve side?
Justin Silverio:
I mean, are you talking from when I take on a new renovation? Or are you talking just business reserves?
David Richter:
Oh, just business reserves itself to make sure that the company doesn’t just-
Justin Silverio:
Got it.
David Richter:
… live deal to deal.
Justin Silverio:
Yeah. I mean, right now, we’re probably trending anywhere from nine months to a year-
David Richter:
Awesome.
Justin Silverio:
… in reserves that we make sure that we keep. Before COVID, it was probably around six to eight.
David Richter:
Okay.
Justin Silverio:
But after COVID and after we learned, shit, this stuff can happen that I didn’t even know about, I wanted to make sure that we increase that. But we try to make sure that we have healthy reserves, not only for the business, but we can purchase new products, we can expand, which we’re doing now. And we have a lot of assets that we’re going to be buying over the next quarter or so. So, we want to make sure that we’re well capitalized, that can make adjustments but also can withstand anything that comes down the line similar to something like COVID.
David Richter:
Right. It’s that peace of mind. It’s that-
Justin Silverio:
Yeah.
David Richter:
… peace of mind-
Justin Silverio:
Well-
David Richter:
… like what price tag can you put on that to know that you’ve got the nine to twelve months worth of reserves? So, all of that.
Justin Silverio:
Yeah, it’s really nice to have that cushion and not stress about that.
David Richter:
Awesome. Love it. So, I just have a couple last questions here. So, now it’s advice about starting the cashflow management but do you just have any general advice for the real estate investing community that are still listening to this podcast now? Is there some last-minute advice here?
Justin Silverio:
Yeah. I mean, my advice always goes back to deal flow because that’s kind of what I’ve specialized in for the last 11 years and been critically understanding that, is generating deal flow is probably one of the most critical aspects to making sure that you have a successful business other than cashflow management. You need to have deal flow before you can really have cashflow management.
So, I was always a proponent of creating my own deal flow, and that is through direct-to-seller marketing. So, I’ve always feel, especially now in this kind of landscape, the competitive landscape that we’re in, it’s really difficult to find deals. I always advocate that people go out and go direct to seller to find new deals. And when they do that, just giving them the mindset that be consistent for four to six months. The biggest thing that we see is people fall off after a month or two because they’re like, “Oh, it doesn’t work.” But they just haven’t given it enough time. So, I think the mindset behind marketing is really critical. And I always want to preach that because people will be successful as long as they are consistent. That is the number one most critical aspect in marketing. But it will work. Direct-to-seller marketing is amazing, and has provided me and many other people with success in real estate investing.
David Richter:
That word consistent is, I believe, the definition of a true business.
Justin Silverio:
Yes.
David Richter:
Your people are consistent, you’re consistent, your marketing’s consistent, your cash is consistent. If we can build consistency, and that’s what we’re all struggling and striving for. Like you said, efficiency, effectiveness, and consistency.
Justin Silverio:
Yeah.
David Richter:
If I know this is going to come in every single month, this is why a lot of people like rentals and like going that route as well too, it’s like, what do I at least know that I’m projecting for this month?
Justin Silverio:
Right.
David Richter:
And it’s the same thing with your… If you have an active company, like what am I projecting this month of closing? That consistency is so key because that is… It’s a definition of a business is, how consistent are you? And in getting those deals in the door, closing those deals, then repeating that, and making sure that you can do that over and over again. That was-
Justin Silverio:
Yes.
David Richter:
… That was awesome. I think this has been an amazing episode here with you, Justin. I want to always ask… I always ask, is there any way the listers can provide value to you? Definitely know Invelo. They need to check that out. But I wanted to give you the floor, if there’s anything else or a link to Invelo, or whatever might be for providing value back to you.
Justin Silverio:
Yeah, yeah. I can share the link to Invelo. It’s inveloapp.com, I-N-V-E-L-O app.com. And if people want to reach out to me, they’re more than welcome to just shoot me an email at justin@inveloapp.com. Always happy to chat with people and share any experience or knowledge that I can.
David Richter:
Awesome. Well, there you go. We’ll make sure we put that in the show notes. So, I’m just going to recap here because this has been awesome.
David Richter:
Justin first started talking about the right people, having the right people, how important that is and building that team. Cashflow, obviously, super important, making sure that you know where every dollar is going, and have a name in a bucket or making sure you know exactly where you’re putting it. Projects and reserves, making sure that you’re not catching up to all these projects and not having the reserves and then building yourself into a Ponzi scheme. I love what you said, too, about bigger deals and reserves, like as you grow and as you’re getting to those bigger deals, it’s more important to make sure that you’re-
Justin Silverio:
Yes.
David Richter:
… scaling and growing those reserves as well. Being efficient and effective, I think if you just… If you’re listening to this now, and you focus on those two words in your business, it will help you so much see, not only more money, but more time freedom. Like Justin was saying, the reason a lot of people don’t work out is they don’t have time during their day. Becoming efficient in your business and building yourself out of a lot of these seats, putting those right people in there.
Justin Silverio:
Yes.
David Richter:
I thought that was awesome.
David Richter:
More net profit, so that way you could do whatever you want. Giving yourself those options. That was good stuff. It was like, “Do you want to take the vacations? Do you want to-
Justin Silverio:
Yeah.
David Richter:
… build a new business? Like, do you want to have A-Team players right from the start?
Justin Silverio:
Right.
David Richter:
This is how to do it.” I love that. And how we talked about the team.
And then, at the end there, consistency. “Can you be consistent as a real estate investor? And how are you striving to do that?” So, this has been an awesome, awesome episode. If you’re a real estate investor or business owner and want to double your cash and keep more profit, head over to SimpleCFOsolutions.com and click the Get Started button. Remember, start making profit a habit in your business.
Thank you so much for listening to today’s show. If you found this episode valuable, could you do me a quick favor? Can you give us an honest rating within iTunes. And be honest. You could say whether you liked it or not. And obviously, with iTunes, the more reviews and ratings we have, the better it is for other people that are searching for a Profit First in a podcast. So, we’d love to be ranked on there and that’s thanks to your help. So, we would really appreciate that if you would like to go give us a rating.
Also, if you’re looking to connect with us further, I would highly recommend checking out our Facebook group, Profit First For Real Estate Investors. And that’s literally what it’s called. So, you can type in Profit First For Real Estate Investors, and you’ll be able to find our Facebook group right there.
So, come join active real estate investors who are supporting each other and growing their businesses and profits together. That’s what that group is all about. The links should be in the description below.
And if you’re interested in working with us and implementing Profit First in your real estate business, we offer coaching and guidance. So, if you want to work with someone who’s actually Profit First certified and who works right now currently with real estate businesses, you can actually go start your application process by going to SimpleCFOsolutions.com/apply, or just go right to SimpleCFOsolutions.com and there’s an Apply button right on there, if you want to actually start your Profit First journey with someone who can actually walk you through those step-by-step and help you know and grow your cashflow.
Thanks again for joining us for another episode of a Profit First REI podcast. See you next episode.
