How to Build Financial Freedom in Real Estate Investing with Brett Snodgrass

Episode 129: How to Build Financial Freedom in Real Estate Investing with Brett Snodgrass

The Profit First REI Podcast

November 14, 2022

David Richter

Summary:

Today’s guest is Brett Snodgrass, an investor-entrepreneur and the founder of Iron Deep and Simple Wholesaling. Prior to founding his own businesses, Brett spent years as a real estate investor and expanding his professional tool kit. 

After steadily growing his experience and expertise, Brett slowly scaled up his business, hiring people in roles he used to do on his own, eventually even stepping down and hiring a CEO for his company.

On this episode of Profit First for REI, Brett shares his history in real estate investing, Profit First, and how he got to where he is today. Tune in!

Key Takeaways:
[00:48] Introducing Brett Snodgrass

[03:14] Brett on Real Estate Investing 

[08:45] On Building Success by Surrounding Yourself With Successful People

[15:37] Brett on Experiencing the Lack of Financial Clarity

[17:50] On Struggling to Pay Himself

[20:51] Factors That Keep People Living Deal to Deal

[23:56] Money Management as an Art to Teach to His Kids

[29:56] Connect With Brett

Quotes:

[04:41] “I don’t know what other business model [other than real estate investing]–for me at least–that I can really build that financial freedom.”

[09:12] “That gave me confidence, to be around people in mastermind groups.”

[24:09] “I think that making money is an art. I think it’s something that you can learn at a very young age and just like an artist or musician”

Connect with Brett: 

Podcast: https://podcasts.apple.com/us/podcast/the-brett-snodgrass-podcast

IronDeep: https://www.irondeep.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 

Transcription:

Brett Snodgrass:

So I think just being consistent with it and just those small consistencies every single day, turn 15 years later into this and you this, David, I think this is what you teach those small, You talked about saving just 1% profit if you can. Well, that 1%, if it’s consistent, it grows and turns into more than that, right?

Outro:

If you’re a real estate investor who’s sick and tired of living deal to deal, then welcome home. Hear from everyday real estate investors just like you, and discover how they’ve completely transformed their business by taking a profit First approach. This is the Profit first for REI podcast where we believe revenue is vanity, profit is sanity. It’s time to start making profit a habit in your business. So here’s your host, David Richter.

David Richter:

Oh man, here we go again. Another great one that I believe is just a great guest on the Profit First REI podcast, Brett Snodgrass. You need to listen to this one. This is a guy who has worked as a real estate investor for six, seven years and was just the jack of all trades, wearing all the hats, and then he started hiring the team, started taking off a lot of those hats, and then two years ago took off every single hat and moved to the owner’s box and doesn’t run the day to day at all and has a ceo. This was a wholesaling company too, so you need to listen to this one. And because he tells the three main points that got him to where he is right now in the owner’s box and not sitting in any of the seats inside of his company, and he’s doing this in a market that’s not a huge market, so you can do this.

So I just wanna tell you about that. He tells about what he is want, how he’s rearing his kids, and with the money and the mindset and teaching them good things. And I think there’s some really good nuggets there for any human being to take from there. He’s also working on some other ventures that are very interesting that will help you as an entrepreneur know where you stand, whereas an entrepreneur and help you get to where you want to be. So I’m really excited about this next one. Listen to this as someone who is an owner who has gotten out of the day to day, and I think you’ll learn a whole lot. Well, here we are everyone. This is the pro first podcast. We have Brett s Nagra here live with us and I am super excited because Brett is one of those people I really do look up to as a owner, as a father, as a Christian, as a husband. He tick a lot of those boxes, so I’m excited to just download some info from him today. But Brett, it’s great to have you on.

Brett Snodgrass:

Thanks David. Awesome to be here, man. And I just interviewed you, so we’re just rocking this man, right? Hes

David Richter:

His own podcast. What’s your podcast name? So people know about the podcast? It’s

Brett Snodgrass:

Very unique called the Brett Snodgrass podcast.

David Richter:

<laugh>. There it is, the Brett Snodgrass podcast. So make sure you go and look that up. But yeah, he’s one of the only people that I know in real estate and in the small single family like residential portion especially, that has stepped away from his business as an owner and hired a ceo. And I respect that a lot because I think that’s what a lot of people want to do. They want to get outta their route. So we’re definitely gonna talk about that today. But before we do, Brett, I just wanna ask you, what excites you about real estate? Why did you get into real estate or why do you continue to talk about real estate or be a part of those types of ventures?

Brett Snodgrass:

Yeah, yeah, man, I think it was excited me about real estate. This was back, I had been outta college for just a few years just reading books. And it just seemed like a lot of people that had became wealthy became wealthy through real estate. So I was like, okay, well they didn’t wanna reinvent the wheel. So a lot of these people are making a lot of money through real estate and I never wanted to climb the corporate ladder to have a real job. My parents were both teachers. We grew up very middle class. Remember my dad told me one time, he said he never remembered having more than $5,000 at one time in his life after 30 years. So I was like, huh, that I didn’t really want that. I wanted a little bit more freedom than that and not live paycheck to paycheck. So I got into real estate around 2007, bought our first house for literally $9,000 and we sold it three weeks later, fors for 15, we made 6,000.

And I was substitute school teacher at that time. So $6,000 was about three months pay for me. So I was like, wow, this is crazy. And then since then, yeah, we did just a couple years later, we were doing 150 deals a year and I’ve been doing it for 15 years now. So what still excites me, it’s just that financial freedom. I don’t know what other business model for me at least, that I can really build that financial freedom and you buy these assets that typically can appreciate you can get cash flow from them. There’s a lot of different extra strategies that we’ve done. I’ve done fix and flip, we’ve done wholesaling, I’ve done seller financing, I have rental properties. It just goes on and on. So I’m getting tax breaks, I’m making money, I’m making cash flow, residual income, making big chunks of checks. Pretty cool, man.

David Richter:

That is pretty cool. So I wanna ask though you, or not even asked, I wanna make an observation. You just said that first deal that you did, you made $6,000 on it and it sounds like that was more than your dad had seen at one time over his middle class career. So did you think about that when you did your first deal?

Brett Snodgrass:

I did, yeah. I mean was like, this is more money mean at that time that was so much money to me honestly. I mean, as a substitute school teacher, I think I was making less than 15,000 a year and I was working really hard going in, and then I bought a deal online, found it and sold it three weeks later for made six grand. So for me, that was a million dollars at that time, time. And it was just that light bulb going off and I just said, Wow, if I could do this with one deal, could I do this again? And I did. And could I do it 10 times or a hundred? And here we are, 15 years later, I’m talking to David Richter on his podcast because of that one deal and I just did it again a few thousand times and it’s pretty cool.

David Richter:

That is awesome because that’s where it starts. It starts with that one deal where it can seem like a lot of money right now. And then it’s like now you’re looking back years later and wow, look at where I was to where we are now. So also, I love that you also mentioned something too, like you said, you didn’t wanna live paycheck to paycheck, so you got into real estate. What was your experience like in real estate? Did you ever live deal to deal paycheck to paycheck in the real estate world? How was that journey going from, Okay, I don’t want to go into the corporate world, I want to go into real estate and I don’t wanna live paycheck to paycheck. Did you see that right away?

Brett Snodgrass:

Yeah, I mean, so it turned in from, I went into to real estate, started doing, like I said, did a few deals and then a couple years later doing 150 deals. But I was working what my tail off? I was working 8,000 hours a week just up wee hours a night looking at deals, selling deals, just doing everything, wearing all the hats. And honestly, that was the first five years of my journey, the first five or six years of my journey, just grinding it, working this out. And I was making a lot of money, but I was also spending a lot of money. I had never made that type of money. So as a young guy, I was buying all the fancy toys, all the fancy stuff, and it was going out the door through personal things. And then also business just kept reinvesting it back into the business.

And I was really a one man show. Dad joined me in the business early on, but it was just me and him for the first six or seven years. Then he retired and it was just me. And I never hired anybody, never built a business, didn’t know how to do any of that until I think I was my 2014. I decided I wanted to hire some people. I wanted to build a business and scale it. And that’s where all this business stuff really started to take root. And I hired my first employee and that turned into another employee that turned into eight to nine employees to have a few virtual assistants and turned into stepping completely outta the business. So here I was 6, 7, 8 years ago, working 80 to a hundred hours a week, working my tail off one man show to now, not working in the business at all.

David Richter:

What would you say were the key steps going from being that’s a long time to be that one man show, six, seven years, and then completely flip around and say, Nope, not anymore <laugh>, and then where you are today and what would you say are some of those key steps? Because I’m sure there’s a lot of people listening who are gonna start off where you did, but then they want to get where you are <laugh>. I said not many people are gonna come on the podcast and say, I’ve actually stepped away and have hired a CEO of my business. So what were some of the key steps that got you to that point?

Brett Snodgrass:

Number one just getting surrounded by other people that have done that. I think that gave me confidence to be around people and mastermind groups were part of Collective Genius and other mastermind groups. And I started to be around people and I started to ask, These guys were doing certain things like this and they weren’t working as hard as I was. I remember going to these groups at first and I was on my computer the entire time. I was sending wires out, I was answering emails, I couldn’t hardly pay attention cause I was so distracted because I was just in the trenches of my business at first. But I saw these other guys, they weren’t doing any of that. They were actually listening and paying attention. And I said, Well, how can you do that? You have to work. And they said, No, I hired people to do that.

So I just learned from them. So again, the first step was starting to surround myself with other people that had already taken some of those steps and hired a business coach, implemented the EOS entrepreneurial operating system model and that helped me get the core values, the mission just learn some of the processes and just learn how to run a business. Those were two key things. And really I’ve just been blessed with the right people. Yeah. On my team, have I always done that? It’s been hard knocks I’ve had to hire and fire quite a few people, but I’ve been really blessed. God’s blessed me with having some of the right people. And finally two years ago had a coo, Brian Snyder working for me and I said, Hey, what would it look like if I wanted to step into the owner’s box, step out of the business completely, Here’s what I’m thinking, what do you think? And he said, Yes. And that was two years ago and here we are.

David Richter:

That’s awesome. And if you don’t know Brian, and you’re listening to this, he’s another great human being. I’ve met him on many occasions. He’s a part of several of our masterminds that we’re a go to and he’s another one that like, Brett, where did you find him? Is where I get a lot of the questions or especially when it first took place. And both of these people, Brett and Brian, are just amazing human beings. And I know Brett’s not gonna say it about himself. Well maybe you will. But <laugh>, I know for sure that both these guys are huge givers to them, to the community, to their families, to other people. And this is just a good example, if you wanna find a good example of how to do it in real estate and how to get the right people in place. This is a good example of where he is ended up. It sounds like you took some ducks along the way, but you figured out at least up to this point where what to do in order to get where you want to be. And I think that’s what most business owners want is to get to where they wanna be.

Brett Snodgrass:

Yeah, yeah, definitely. And again, I have a lot of people in my corner that I can call and ask questions to. I mean, just that whole example of this is right before the pandemic hit and I didn’t know what was gonna happen to our business, but I would just kind of burnt out. I mean the years of grinding and the years of just and vision envisioning this business. And I was just think I was ready my time, my season of running the day to day op operations and always just in all the meetings, I think just my time had come to a close and I wanted to do something else. I had passions that I wanted to step into that I couldn’t at that time. But before I even offered that to Brian, I called up, I think four to five people and asked their advice, asked for their feedback, What do you think?

What do you I should offer? What does this even look like? Can I even do this? And Gary Harper was actually one of the people that really put that nugget, that idea in my mind. We were sitting, he was coaching us at the time, we were sitting in a meeting and Brian was talking about his vision and what he saw in the next five years. And I was the owner of the company. I was supposed to be the CEO of the visionary. And I was just sitting there, just kinda listening. And Gary looked at me and he said, Brett, do you even wanna be the visionary anymore? Do you even wanna be the CEO of this company? And honestly, I said, Is that even a choice mean, Is that an option? Do people actually do that? And he said, Yeah, is your company if you want.

And then that’s where that idea came to my mind and a few months later is when it happened when I offered Brian that position. So again just because other people haven’t done it, he’s even said, David, you don’t see a lot of people do that doesn’t mean it can’t be done. And I think the biggest thing is trust. You mentioned people. Yeah. And that’s the biggest thing with Brian is like, that’s the question I ask. Cause that’s the question that when I’m working with a business, a lender, whoever it is, is I always ask, Can I trust you? Can I trust you running this? Are you gonna have my best interest? The team’s best interest? And that’s the big question. If you have that person on your team, I think that, yeah, they can do a lot. So that was where it came to. I can trust Brian.

David Richter:

Well, there you go. I mean if you’re listed to this right now, you basically heard his story at a high level from being the jack of all trades for years and years to then running the business with the team and then stepping away from the team as the actual owner and then putting the key people in place to run the actual business as well too. So it can be done. So I just wanna encourage you, if you’re listening to this,

Brett Snodgrass:

And the other thing I wanna think, I was, I’m big on trying to talk about humility. I think that’s one of the greatest qualities of a man. And for me to say, or anyone to say I’m humble, I don’t wanna say that, but having that form of humility, and I’m not naive. So just because I’ve stepped out two years later, I know that next year and even tomorrow, things can completely change. And do I have to step back in? Do I have to do this or do I have to make sales calls again? So I never wanna be in a position too where I’m too yeah, I would never step back in to certain positions. So I think that’s a good quality to have as you’re walking in. So just because I’m in this position now, it doesn’t mean that I don’t think, Hey, someday I might have to step back in and do something different. So I just wanna point that out.

David Richter:

And you’ve got the ventures that you’re going to be doing, we’ll talk about that near the end. And it doesn’t mean you just have to sit in that owner’s box and just be that, and that’s all you do. It’s like this could free your time up to do other things as well too. Which we will definitely get to. But I wanna ask a couple questions around the journey that you took in real estate investing. You ever, especially since this is a profit first or I podcast, did you ever have a lack of clarity from the financial aspect of what’s going on? We’re doing a bunch of deals working a hundred hours, but I have no idea what’s going on with the money.

Brett Snodgrass:

I mean all the time. I remember again, that one man show, that one man person that I was running the business just getting all my books, getting all the taxes. I didn’t have a bookkeeper, I had an account that I only met for my tax return time. So literally tax time came and I was trying to get everything organized, getting my receipts, plugging spreadsheets in, staying up all night, trying to get all this stuff prepared. But throughout the year I didn’t know, have a clue where I was at or how much money I was making. So yeah, there was definitely times of that. And honestly, is there still times, I think we’ve gotten a lot better, but is there still months and still areas of our business that I’m kind of foggy in? Yeah, I mean sometimes tax time comes and I kind of have a ballpark of where I’ll be at.

But do I know exactly, not exactly. I’m within maybe 20 or 30 grand sometimes. And now that I’m doing new ventures and doing new things the rental properties are newer to me. I always was more of a wholesale fix and flip company. Didn’t hold a lot of rentals, but for tax purposes last few years I’ve started to hold rentals. So I have about 35 to 40 rentals now. And that’s a new area. So again, that’s a different area that I am a little foggy in on. Am I making money? Are we doing good? It seems like money’s going out. And so when you start adding these new complications to your business, you kind of have to learn a little bit different. And that’s why I talk to guys like David and try to surround myself with people that can help me because this is an area that I’m not gifted at all. That’s just not how God designed to be. So yes, I still am even foggy some in certain areas of this day.

David Richter:

What about struggling to pay yourself? Because a lot of people do struggle with the finances, that’s very typical in the entrepreneurial world. And another thing that I see that’s very typical is struggling to pay yourself. And how was that journey up until this point of, did you pay yourself at the beginning anything? Or was it, or just working the a hundred hours and just throwing everything back into it. What was that journey like for you as well?

Brett Snodgrass:

Yeah, yeah, like I said, for the first several years it was not paying myself anything. Just whatever I had left over was what it was. And I was very blessed and fortunate on a couple of those years that I had a lot left over. But then again, that business coach, I started meeting with him and he saw what I was, I started paying myself a little bit during that time, but it wasn’t much. It was just to kind of show myself having a paycheck, honestly. So it wasn’t much money. And he asked me that question, he’s like, Why don’t you pay yourself more? And I said, I don’t know. I mean, I’m the business owner, I own everything. And again, the idea just never really came to me. So I’ve learned through the years again to run it a business to pay myself. I don’t do it as well is probably some of your other clients, David, honestly. But I’ve learned, but I’ve learned a lot through the way and through the hard knocks. And I’ll tell you, there were some months there that I didn’t know if I was gonna make it after payroll, having a thousand bucks in the bank account, and I didn’t know if we were gonna make it that month. Yeah, that way through live through that <laugh>, totally

David Richter:

Really understand that a lot of people have been in that bucket. And it sounds like you had to sometimes just ask those questions of is it okay to do this? And I’ve heard that over and over again. So it’s like I just hearing that, and especially if you’re listening to this, I want you to know, just because of where he is now doesn’t mean that he hasn’t been where you are, where you are right now, if you’re in your personal life or in your real estate investing journey.

Brett Snodgrass:

I like what you said on my podcast too, is just even if you’re not sitting here and you have this big business just learning to be efficient with what you do have. If you can be trusted with the small things and you can be trusted with the big things. And I’ll tell you sometimes the bigger you get, if you’re not efficient, the more inefficiencies that you have, but you, it’s easier to gloss over them because you have more deals coming in that you can kind of cover it up a little bit. So I would just say wherever you’re at, I still have inefficiencies in my business. So that’s one of our goals every single quarter is just, Hey, where are we inefficient? How can we tighten this up? Are we spending too much on marketing? Are we spending too much on payroll? Are we spending too much? Do we even need this software that we have anymore? Right. Always trying to balance these inefficiencies that we have.

David Richter:

Yeah, no, that’s really good. Because I ask a lot of people on here, why do you think most investors live deal to deal? And I think if with your answer right there, it’s like those are some of the steps you can take to get out of that. But why do you think a lot of people do get stuck in their own rat race? Why do you think they just go around in the circles just saying, I gotta get that next deal. What would you say is some of the big factors there?

Brett Snodgrass:

I think that number one, in your personal life, your lifestyle raises. So for me, I, when I did that first couple years, like I said, I was a sub school teacher making 15,000 a year. So my lifestyle was someone who made 15,000 a year. But as I’ve increased, my lifestyle has really increased. I started looking at my own personal life and now to spend certain amount of money on maybe an Airbnb that I used to spend this, now this, I go out to dinner, we used to spend 20 bucks, now we spend 75, everything starts to increase in your personal life. Same thing in your business that you start making these big checks and now you can spend more money on this. Now you can buy this. And it just keeps growing. It just keeps growing, keeps going. So you gotta get those deals to pay for those bigger expenses, those bigger things that now you’re just getting accustomed to.

And the other thing I think that I learned how to sling deals. I learned how to make money with real estate, learned how to do all that. But again, I never studied business, didn’t take business in college, read some books about it, but never really learned about running a business, owning a business. I’m not interested in the financials of the business. I’m not interested in getting in between the lines. And what are those little maneuvers that you can do to save on taxes and what are those little things that you can do? I’ve never learned that and I’m not interested in it and it’s hard for me to study something I’m just not interested in. And that’s just been hard. So I’m interested in doing deals, I’m not interested in some of those other things. So for me to learn it, it’s difficult. And I think that’s where real estate investors fall into that trap as well.

David Richter:

I No, I know, I agree with you a hundred percent. And I think a lot of investors are right there with you. It’s like that we don’t want to do that. We don’t wanna look at all that stuff. We wanna make sure that yeah, we’re okay, but there’s more fun things than diving into that side of the business. So I know that’s definitely some of those reasons that would keep them in their deal to deal lifestyle. I thought you brought a good point up too, about the lifestyle. Just the personal habits affect the business habits as well too. And it’s like just because you have something on one side does not mean that the other won’t be affected and vice versa. But okay, Well you’re also a family man and you’ve got some kiddos, and I definitely respect what you have on that side as well too. What are some of the philosophies around money now that you’ve gone from 15 years ago, working for the six, seven years with all the hats on, and then being the teacher’s aid before that to now having 150 deals done. Have you learned different concepts now that you wanna teach your children than maybe you had back then around money and finances?

Brett Snodgrass:

Yeah, yeah, definitely. Yeah, I’ve learned, I think that making money is an art. I think it’s something that you can learn and you can learn at a very young age, and it’s just like an artist or a musician. I think it’s an art. And I’ve learned the art of making money. And so for me to just instill this into my kids, to be able to save money to make money, to save money, to learn how to make money, and to tie, to give money and live within your means, I think a lot of that, creating that budget, I think just instilling that into my kids because I’ve been down that road of not having money. I’ve been dead broke. I’ve seen what it does. So just to be able to learn the art of making money, to have these options, to be able to sit in this seat and to live this life that I’ve been called to live this full fulfilled life.

I think that money is not the sole answer to all of that obviously, but it helps give you options. So yes, for me to just, I’m always trying to teach my kids about entrepreneurship. An example was my Gavin my seven year old just had a birthday and he got a snow cone machine. And one of the things just super simple is just to teach them, They go around, we have a little golf cart, we drive around a neighborhood and we sell snow cones and try to teach them how much this stuff costs, what’s our profits Just simple things and trying to teach them a snow cone is the same as a house. It’s all the same. It’s just like, Oh, we pay 50 cents and we sell it for a dollar. Well, we buy it for a hundred thousand, we sell it for 150. It’s all the same. So just to learn those simple concepts, just trying to teach my kids that for sure.

David Richter:

That’s awesome cuz one of the things I like about entrepreneurship is that the traits that you learn that you can now pass on to other people. And I love hearing where, what other people have learned in order to pass that on. Especially if they have children. Cuz got a five year old daughter and I wanna make sure I’m passing on good things to her as well too.

Brett Snodgrass:

Definitely. So

David Richter:

Earlier you talked about the three things that really helped you into where you are now in the seat of the owner’s box for your wholesaling company. Along the way though, would you say you have some other keys to success just as an entrepreneur? Cuz I’m sure those were specific keys to get you to that point. But I’m sure during the six, seven years or during, during that time when it was just you or you and your dad up until now, you probably learned some other keys to a success of just, these are the things that, if I had to start all over again, I want to make sure I at least have these in place. Either the character traits or people or whatever it might be. What would you say that is for you?

Brett Snodgrass:

Yeah, I think one of the key words for me is that I have tried to do this in my business. I don’t do this in some of the other areas of my life, is just to be consistent <affirmative>. And that’s one thing I think for the last 15 years, I’ve just been consistent, just woke up every day, showed up to what I was supposed to do. Was I always doing everything right? No. Did I do everything efficiently? No, but I showed up and I did the best and the hardest work that I could. So I think just being consistent with it and just those small consistencies every single day, turn 15 years later into this and this, David, I think this is what you teach those small, You talked about saving just 1% profit if you can. Well, that 1%, if it’s consistent, it grows and turns into more than that, right?

So that’s one thing, just being consistent I would have delegated earlier the things that I was not good at and the things that I did not like. There’s a lot of things in this business that I’m not good at, and there’s many things I do not like as well. So I would’ve hired earlier, built a business and delegated faster. Now that I can look at my business, I realize everybody that I have in those seats, whatever seat that they’re in, they’re better than me. And that’s sometimes that humility comes in because sometimes that business owner thinks that they’re the best at everything. But when you get to this spot, sometimes you look and like, wow, I’m the, I’m not as good as any one of those people at whatever tasks they’re doing. So I would’ve delegated earlier. And I think those are probably the first couple of things and just kind of learned about business faster so I can hire people and get the right people in the right seats for sure.

David Richter:

Yeah, that’s good stuff cuz anyone can take any of that from here and do one of those things. Just go out there and get one of these principles in place that he’s taught today. There’s a lot of great principles here. So I just wanna recap real quick. So we talked about from your middle class journey, from growing up to where you started their business and working and just six to seven years of wearing all the hats to then saying no more and start to grow and scale. Then you told us those three things surrounded by others like masterminds and events you hired that business coach implemented a good system, you got good people in place. I mean, this was all great stuff. So if you’re out there listening right now and you’re tired of that, there’s some of the practical points that you could do.

You could go find a meetup or a, and then get connected to a mastermind and be around people who have been where you want to be. I think that’s a huge one. And then at the end there, just making money as an art. Well, what are you teaching the next generation? I love the snow cone analogy. It’s like it’s teaching them the principles for that will last with them a lifetime. So that’s just really good stuff as well too. But absolutely love this delegate earlier. There’s things you don’t like to do that you’re not good at it off your plate. But Brett, I wanted to say that you’ve dropped a lot of bombs here, obviously of great knowledge. So I wanna see how can the audience give back to you? What, is there something, what are you working on? How can they get in touch with you, tell about the ventures you’re doing now that you’re in the owner’s box and now that you’re venturing to other things as well too?

Brett Snodgrass:

Yeah, no thanks David. I really appreciate that. Yes. So as I mentioned, I stepped out of the real estate business about two years ago. I still work with private lenders and that’s about my role in the business. But I do tell you, if you ever in this position that we are creators, I’m a driven person and I love to create certain things. So I have a new venture that I’ve just launched into. It’s called Iron Deep. And so basically iron, it comes from iron sharpening iron, and then just that deep connection with God and other men. So basically, this is a men’s Mastermind community. It’s gonna be all men. It’s ages 32 to 57 years old. So it’s business owner men that are kind of in that same age group. We’re walking through the same similar seasons of life. And the Rooted Foundation is that we’re all desiring a deeper faith as well.

So it’s in the Christian faith. So this is for you, if you’re interested in anything like that, being around a small group of guys sharpening each other in business and in life, trying to grow and the most important areas of our life. Yeah, go to iron deep.com our first event, our first retreat’s actually gonna be in the Rocky Mountains in Utah. So we’re gonna be doing experiential retreats. So these aren’t gonna be in the hotel conference rooms. These are gonna be in log cabins in the Rockies, like the one in September. And so check it out, Iron deep.com,

David Richter:

Iron deep.com. There you go. And now I absolutely love that concept. That is really great, which I’m gonna definitely tell my age here. I do not qualify for this death one yet, which a little bit

Brett Snodgrass:

Sad about. He’s still youngin, you’re still young and

David Richter:

To get into this one, but I absolutely love this concept. It’s awesome and amazing, and I can’t endorse anyone probably greater on this podcast than Brett Snodgrass. And anything he does, I know he does it with the right heart. Humble hum. He just goes full out too. So this will definitely be, if you’re thinking about that, check it out. Go to iron deep.com. Brett, it’s been awesome having you on. And if you are a real estate investor and you’re like, Brett, you don’t know where your money’s going, where it was coming from, like he said in the past, or if you’re living in that deal to deal cycle, head over to simple CFO solutions.com. We’ve got that team of CFOs, you can schedule a call there with us, no obligation if we’re not the right fit. We’ll get you with the right fit on that call to make sure that you can move forward in the financial department because no one likes that part as Brett. Brett already stated. And a lot of people you know that part. But thank you so much again, Brett, really appreciate you having you on. And I just wanna make sure you as the listener, remember, start making profit a habit in your business.

Outro:

This episode of The Profit First for REI podcast is over, but there are plenty more where that came from. Are you ready to learn how David and his team can help implement the Profit First system in your business? Schedule a discovery call at simplecfo.com right now. We’ll see you next time on The Profit First for REI podcast with David Richter.