Episode 154: How this real estate investor Kaitlyn Phillips ultimately achieved success by applying Profit First.
The Profit First REI Podcast
February 9, 2023
David Richter
Summary:
In the world of real estate investing, a background in accounting or finance can be a great asset. Our guest today proves that success in the industry can be achieved even without it.
Kaitlyn Phillips is an active real estate investor of Property Strides, rehabilitating houses in Utah with her husband. She and her husband have managed to grow their company into a full-time operation over the course of five years. In this episode, Phillips shares the story of their journey, including the challenges they faced, applying Profit First, and how they ultimately achieved success.
Whether you’re just starting out in real estate investing as a side hustle or are already well-established, Kaitlyn’s story is sure to inspire. Don’t miss this episode!
Key Takeaways:
[00:47] Introducing Kaitlyn Phillips and Her Background
[03:16] On Achieving Success That Allowed Her Husband to Retire and Become an Investor Full-Time
[05:36] On Implementing Profit First
[11:03] The Effect of Applying Profit First to Their Business
[15:56] On Applying the Profit First Method
[21:10] What Kaitlyn Would Do Differently if She Started Their Business Again
[23:18] Connect With Kaitlyn
Quotes:
[11:27] “It’s been way easier to just be able to…log on to the bank account and be like, ‘Okay…there’s enough to do that rehab, and there’s enough to pay the taxes. [Profit First] just makes it really clear-cut.
[17:04] “When he dragged me to that seminar, and I listened to them speaking, I was like, ‘this makes so much sense…Why not make your money make money for you?’”
[21:44] “ Start taking action, and don’t wait to know everything before you start doing things. Because…we wouldn’t even be started yet if I was waiting to know everything.”
Connect with Kaitlyn
Facebook: https://www.facebook.com/kaitlyn.phillips.180
Property Strides Facebook: https://www.facebook.com/propertystrides
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:
Kaitlyn Phillips:
<affirmative> when he dragged me to that seminar and I listened to them speaking. I was like, this makes so much sense. Like why not make your money make money for you?
David Richter:
Yeah.
Kaitlyn Phillips:
And this seems like a way to be a good steward of what we have. And you can do it if you put the work in.
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:
We have Caitlin Phillips here who is an active real estate investor who does not have a background in finance accounting, neither does her husband, but they’re both active in real estate and was, she was able to retire her husband this year and bring him home from his W2 job and now he’s in the real estate world and they are loving it. They’re gonna tell their story, the struggles they faced, the also giving you hope for no matter where you are. Implementing something like this can help get you to where you want to be. So just listen to their story. Listen to how she was able to stop making this, just feel like a side hustle and feel like something that was actually benefiting her as a real business. This is what I want for you. She gives you a lot of hope from wherever you might be to where you want to be. Thank you so much for listening. This podcast wouldn’t be where it is without you. Thank you for making us one of the top rated real estate investing podcasts out there. I want you to have hope for your financial future. Thank you so much, and enjoy the episode.
Hey everyone, I’m super excited about this one cuz it’s Caitlin Phillips. She had me on with a book club that where she was actually reading Profit First for real estate investing with other investors, which was amazing. She’s getting that out there as well. But I wanted, Caitlin, thank you so much for being on the show today.
Kaitlyn Phillips:
Yeah, thank you for having me. I’m happy to be here.
David Richter:
Yeah. Well this is awesome because I wanna make sure that more people have hope in the real estate investing industry, that they don’t have to be living deal to deal in the rat race. So let’s just dive into it a little bit. Tell a little bit where you are right now. Like what are you doing in the real estate world? What are you a part of? Like, just give a little bit of that, that background.
Kaitlyn Phillips:
Yeah. Um, my husband and I rehab houses in Utah. Um, we just started with like no knowledge about five years ago and just have been learning and taking action. Um, we were, we started with one deal at a time. Currently we have four flips
David Richter:
Awesome.
Kaitlyn Phillips:
Going right now. Um, so we’ve grown quite a bit. Um, and he just recently stepped away from his day job to come join me full-time in the rehab business.
David Richter:
Wow. That’s a big milestone right? Was something you’ve been working for over the last five years.
Kaitlyn Phillips:
Yeah. It happened sooner than we anticipated. <laugh>
David Richter:
awesome.
Kaitlyn Phillips:
But yeah, that was kind of our end goal. And now we need a new end goal. <laugh>.
David Richter:
I was gonna say, you need a new end goal now that is awesome. So what helped? Well, okay, what’s that story? How did, how were you a, what was the goal originally and how much did you beat that by and what, what were catalysts there? Like? Okay, I’m just gonna ask the point of questions here that probably everyone’s asking. Like, how did you do this, Caitlin? How did you retire your husband to come work in the business with you?
Kaitlyn Phillips:
Yeah, so when we first, uh, were interested in getting into real estate investing, we kind of had two motivators there. Like, one was, um, retirement. My husband’s job did not offer very good retirement options
David Richter:
mm-hmm. <affirmative>.
Kaitlyn Phillips:
So we were kind of looking ahead to that, like how can we set ourselves up? And then, um, we were also looking for a way to fund adoptions. Our kids are adopted and I didn’t wanna be working a full-time job, so it was kind of hard to be able to fund that off of one income.
David Richter:
Yeah.
Kaitlyn Phillips:
Um, so that’s kind of what drew us to it. And as we, um, connected with other investors and mentors, uh, we kind of opened up our eyes to bigger things. And we had originally thought and realized that we could have a little bit of time freedom and money freedom as we went down this road some more and realized that him leaving his day job to work in our business would be a really cool change to our family
David Richter:
yeah
Kaitlyn Phillips:
That we were doing. And so we decided to pursue that. Um, and uh, we last year we’d talked about if we could profit in our real estate business as much as he was bringing home from his W2 job, um, then we would feel comfortable making that leap. And in April of this year, we had a conversation and realized we’d already hit that dollar
David Richter:
awesome.
Kaitlyn Phillips:
In April. And so we said, okay, let’s make the leap. Let’s do it. So now we work together.
David Richter:
That’s cool,
Kaitlyn Phillips:
yeah<laugh>.
David Richter:
That is so cool. I love hearing people’s stories and why they got into real estate or why they have the goals that they do. Sound like you guys are amazing people funding your adoptions, you know, the getting your husband to be able to work with you, you know, some people would rather no, you just stay over there
Kaitlyn Phillips:
<laugh>
David Richter:
In your job. So that’s great. I absolutely love that. Um, oh man, there’s a lot we could go there. But then I wanted to ask you too, let’s just dive into, since it’s a private first for Real Estate Investors podcast, what got you excited about the Profit first message?
Kaitlyn Phillips:
Um, I really liked that it was a system for our finances because I realized as we were trying to turn our side hustle into a business that we needed systems and it couldn’t just all exist up in my head because if it only existed in my head, I was gonna keep doing it all by myself.
David Richter:
wow
Kaitlyn Phillips:
And that was gonna keep us from growing.
David Richter:
Yeah.
Kaitlyn Phillips:
Um, and we wanted to grow, so we needed to have a good system in place.
David Richter:
Had you heard of any other systems for the financials or had you ever gotten any training in the business financials before?
Kaitlyn Phillips:
Um, no. I <laugh> I actually almost like no business training at all. <laugh>.
David Richter:
Yeah.
Kaitlyn Phillips:
So I’m like loading as I go. Um, but it was a system that was recommended by, um, some in our mastermind group were part of a real estate mastermind group and so they had recommended using Profit First and I’d heard it mentioned here and there at different meetings. So I thought, you know, I’m going to, I’m gonna start reading that book. And then I heard, uh, some other people in my group wanted to read it as well and one of ’em just kind of offhandedly said like, well you should start a book club.
David Richter:
hmm-mm
Kaitlyn Phillips:
And I was like, I should <laugh>.
David Richter:
Yeah.
Kaitlyn Phillips:
So I just put it out there to our whole group and said, I’m gonna be reading this book, here’s the schedule I’m gonna be following. You guys can meet with me if you want. And we had quite a handful of people who were interested in it as well.
David Richter:
Yeah.
Kaitlyn Phillips:
That joined us.
David Richter:
No, that’s awesome. So that was this year then that you got a hold of the book and started reading and started implementing.
Kaitlyn Phillips:
Yeah. I believe it was like in May
David Richter:
Okay
Kaitlyn Phillips:
When we started reading and implementing.
David Richter:
So May of 22. I’m just taking some notes here because I want to ask what was life like for the last four or five years in real estate investing then? How would you say not having the system up until this point? Like, can you tell me a little bit of how that was going?
Kaitlyn Phillips:
Um, well I didn’t take home any paycheck.
David Richter:
Okay
Kaitlyn Phillips:
I didn’t pay myself at all. Um, we were just like, we would do a deal and then all of the money would go back into the business. Every now and then we’d be like, well let’s take a thousand dollars to do this or to do that.
David Richter:
Yeah.
Kaitlyn Phillips:
Um, but it was really like, it wasn’t something that I was getting paid for. So I don’t know, maybe it was a really time consuming hobby or something.
David Richter:
Right. Yeah.
Kaitlyn Phillips:
Um, But when we realized like, oh, we’re gonna do this as a way to earn money and support our family, like we couldn’t just keep putting all the money back into the business. We had to have a system for paying ourselves.
David Richter:
Right, exactly. And it sounds like especially this year, if you’re gonna bring your husband home and put ’em to work in the real estate business that you needed to have a system there. So then I guess during that time, was your husband’s income enough to support the family while you were able to do the real estate? Like you didn’t have to rely on the real estate investing, you know, to bring everything in?
Kaitlyn Phillips:
Yeah. He was bringing enough to support us. Uh, you know, sometimes we’d take some money from the real estate
David Richter:
yeah
Kaitlyn Phillips:
For like bonus things <laugh>.
David Richter:
Sure. Yeah.
Kaitlyn Phillips:
But yeah, like we were cared for financially.
David Richter:
Okay. Because that’s where I feel a lot of people are. You know, they’re either, they used still have the W2 job and then they’re like in real estate, but then, you know, taking that leap. So then this year you were able to, how did you figure out in April that you were, you know, profitable enough to bring your husband on full-time?
Kaitlyn Phillips:
Uh, well we had just finished two flips
David Richter:
mm-hmm. <affirmative>,
Kaitlyn Phillips:
And we looked at the profit numbers from our flips and said, oh, these two flips equal your annual income
David Richter:
Wow.
Kaitlyn Phillips:
That you did at your job. So we know we have more flips on the horizon. Um, so we felt like it was time to make that leap.
David Richter:
Awesome. So then you read the book in around May and
Kaitlyn Phillips:
mm-hmm. <affirmative>,
David Richter:
What do you, I guess since then, since May, what have you started setting up? Have you started setting up stuff? I’m putting you on the spot here.
Kaitlyn Phillips:
yeah,<laugh>
David Richter:
So like what have you, what have you started to implement of the Profit First system?
Kaitlyn Phillips:
Um, so we implemented per chapter
David Richter:
uhhuh.
Kaitlyn Phillips:
So we read a chapter per week, and then we would go implement that chapter. Um, and some of the stuff, you know, like in the rehab world, like you don’t have money coming into your business every week or
David Richter:
Right. Yeah.
Kaitlyn Phillips:
You know, it’s a little bit more like, oh, and here’s a chunk.
David Richter:
Right.
Kaitlyn Phillips:
Um, but like we went to the bank and we set up our bank accounts and we put the percentages and the title of the bank accounts so that we could remember how much goes where. And just got us all set up to follow that system. We communicated with each other about it, this is what we’re gonna do.
David Richter:
Yeah.
Kaitlyn Phillips:
We were both on the same page. We don’t have a team yet, so
David Richter:
Yeah.
Kaitlyn Phillips:
It didn’t take a lot of implementation to involve the whole team since there’s two of us.
David Richter:
Right. Yeah. Well that’s good. But it sounds like he was on board too with it.
Kaitlyn Phillips:
Mm-hmm. <affirmative>.
David Richter:
So at least your, at least your business partner was on board with
Kaitlyn Phillips:
<laugh>
David Richter:
With this, your husband slash business partner there was on board
Kaitlyn Phillips:
yeah
David Richter:
With implementing. Well that’s great. Well then how has it felt being on the system now that he’s being, having to be fully support or you guys, your household having to be fully supported by the business? Has having Profit first implemented helped at all?
Kaitlyn Phillips:
Yeah, it’s like I’ve always been the one who like looks at the financials and budgets
David Richter:
mm-hmm. <affirmative>
Kaitlyn Phillips:
And you know, I just kinda always have it up in my head, but it’s been way easier to just be able to like log onto the bank account and be like, okay, this is how much there, there’s enough to do that rehab and there’s enough to pay the taxes. And
David Richter:
yeah,
Kaitlyn Phillips:
It just makes it really clear cut and you don’t have to think through like, okay, what was I going to use that $20,000 for? And is that $10,000 earmarked for something?
David Richter:
Yeah.
Kaitlyn Phillips:
Because it’s already all labeled in its correct buckets.
David Richter:
Awesome. Now you don’t have to tell me the amount, but have you been able with the system to pay yourselves enough on a monthly basis or when the, when the money comes in and you’re transferring it to be able to replace what he was bringing home up to this point?
Kaitlyn Phillips:
Yeah, we have been running payroll and
David Richter:
Wow.
Kaitlyn Phillips:
See outta our business account. Yep,
David Richter:
Yep. I love that because it sounds like you were going to take the leap anyway even before you read the book then I’m wondering if once you read the book, did that give you any more peace of mind about the decisions that you were making, you know, around him coming to help full-time and around, you know, actually having financial literacy or financial control or freedom inside of the business?
Kaitlyn Phillips:
It gave me, like confidence that we would have a system in place
David Richter:
okay
Kaitlyn Phillips:
That would be
David Richter:
well-communicated.
Kaitlyn Phillips:
Um, yeah, because a lot of my worry at bringing my husband into the business was like, how do I share this business that right now I’ve been doing myself and it’s been
David Richter:
yeah
Kaitlyn Phillips:
Up in my head and it was just a clear cut way of this is how we’re doing the finances and everybody can see it on paper. You can log on. I can log on. Yeah. Um, and there’s transparency there.
David Richter:
So I have to ask then too, does he have a finance background or is he more inclined, you know, like does he have a, anything like that? Because you said that like no, you jumped into it, you don’t have the finance background business or anything. It’s like you’re learning area from different systems or you know, masterminds or people. What about him on his side?
Kaitlyn Phillips:
Uh, It’s the same. We both come from, we are both school teachers and he was a That’s
David Richter:
awesome
Kaitlyn Phillips:
Administrator. So we come from an education background, but neither of us have like business or finance background
David Richter:
<laugh>
Kaitlyn Phillips:
So we’re learning as we go.
David Richter:
That’s, I honestly, I was hoping you would say something like that, even if you did. I could have taken it a different direction, but that just, I hope if you’re listening right now, if you’re listening to what Caitlin is saying, neither of them had financial backgrounds. They’re school teachers. They’re school teachers. That was my background too. You know, why I went to college for secondary education and that’s what I went to college for and got to use it a little bit, but then jumped in here. So it’s, no matter where you are right now, you could have a financial background or you could be like Caitlin and her husband wear no financial background, schoolteacher background and still be successful with your money. I guarantee that. Caitlin and what’s your husband’s name? So I could stop referring to him
Kaitlyn Phillips:
<laugh> as Caitlyn’s husband. Tim.
Tim.
David Richter:
Tim So Caitlin and Tim are out there and they’re probably more successful than a lot of the people you see on Facebook, Instagram, all of that just because of the system that they have in place. Because a lot of people are running around like chickens with their heads cut off saying, I wish I could get my husband or wife home, you know, to be able to do this, but I have no idea if we’re profitable or enough or if we have enough money coming in or like, we have enough a deal flow, but can I actually use that money for, you know, for what they need and for what our house needs. So thank you. I was hoping he didn’t have that background self selfishly for that answer,
Kaitlyn Phillips:
<laugh>
David Richter:
But that was No, that’s really good because now you can get on the same page at any point. And I really like so, okay, so school teacher background was that was he was doing in, you know, last year or like was that his job that he came from?
Kaitlyn Phillips:
He was an assistant principal most recently.
David Richter:
Okay. So an assistant principal. So then he came out of there and wanted to help you. So what you, if I just wanna see if I’m interpreting this right. You started the business or the real estate business to create the wealth of freedom and fund adoptions. That’s one of the big things that I heard as well too. So was that what started, you know, going down this path? Because coming from the teacher background, I’ve known a lot of teachers that have jumped in the real estate space and who have done well and now like guess what, they’re teaching other people. They’re on podcasts or they’re a book club and like, how can we get this information out? So would you say that was, you know, the catalyst was to jump into real estate, was the funding, the adoptions and then you wanted him to come on board as well too because there wasn’t the good retirement and all of that with where he was currently and you know, just basically saying, I wanna, we want control of our own destiny or like, was that the real catalyst there?
Kaitlyn Phillips:
Well, it was actually his idea. <laugh> in the big
David Richter:
Awesome. It gets better and better.
Kaitlyn Phillips:
Yeah. So he, it was his idea. He dragged me to a seminar and he said, we’re going to this
David Richter:
<laugh>
Kaitlyn Phillips:
And Oh
David Richter:
That’s great.
Kaitlyn Phillips:
And I just, we both like to he’s been interested in real estate since he was a teenager and I’ve always been really interested in just being smart with your money.
David Richter:
Yeah.
Kaitlyn Phillips:
Um, making it work for you somehow, even though I didn’t have any like, official training in it. So when he dragged me to that seminar and I listened to them speaking, I was like, this makes so much sense. Like why not
David Richter:
hmm-mm
Kaitlyn Phillips:
Make your money make money for you?
David Richter:
Yeah
Kaitlyn Phillips:
And this seems like a way to be a good steward of what we have and you can do it if you put the work in. So from there I was like, yeah, I’ll take off with this <laugh>, I’ll get it going. Um, and because I was the one with, you know, more flexible time, I did the work in the business for the most part
David Richter:
<laugh>. So he directed to the seminar and then you’ve been running it for the past five years.
Kaitlyn Phillips:
yeah < laugh>
David Richter:
That’s amazing. I love that. It’s like, hey, it’s got a great idea, but can I help, can you help me with this? It’s like that he already was showing signs of the true entrepreneur there. Like,
Kaitlyn Phillips:
yeah, <laugh>,
David Richter:
It’s a great idea. Can you help me? So man that is, I love real estate. Isn’t this great? Like now real estate has afforded you to be able to now bring him into the business. You guys are working together, you guys get to be, build something that has the potential to be massive for you down the road. And right now, today, you know, like one deal can be life changing <laugh>. So I love that you guys are in that yolk together, that you’re rowing that same direction now, having that financial system to make sure you’re actually not gonna get burned out. Cuz I don’t know about you, but like in your masterminds and other groups, have you ever seen real estate investors get burned out on the real estate business and you know, like <laugh> that they’re not making or keeping the money that they’re wanting to?
Kaitlyn Phillips:
Yeah, I think it’s something as entrepreneurs you always have to be aware of, you know,
David Richter:
yes
Kaitlyn Phillips:
Could always get you, like, you have to be intentional that you don’t let yourself get burnt out or let your business run you instead
David Richter:
yeah
Kaitlyn Phillips:
Of you run your business.
David Richter:
Why do you think most entrepreneurs get into that place or real estate investors?
Kaitlyn Phillips:
Oh, that’s a good question. I know like, I have a very, like my personality is pretty fast paced and I like to work hard and I like to get things done
David Richter:
Yeah.
Kaitlyn Phillips:
And so I think I just kind of get stuck in that cycle of like, let’s just get things done and I’m not worrying about compensation necessarily <laugh>
David Richter:
Sure.
Kaitlyn Phillips:
But, um, but really if we’re not improving lives including our own, then what’s the point?
David Richter:
<laugh>. Yeah. <laugh>. A lot of people get to that point and then that’s either burnout or breakout, you know, like they either go up or down. So I feel like with you guys, it’s been a good progression and you guys have been on the same, it sounds like you’ve been on the same page too for a long time with this. I don’t wanna dive too much into that, but you know, like, or if you don’t want to, but it sounds like you’ve been on the same page, you’ve been working in the business, you’ve been helping a lot with the real estate side for the past few years and now him coming on board and having those conversations, um, I think that says a lot too as well. Uh, do you see, I don’t know, in the groups that you’re a part of, this is just out of curiosity, do you see the husband, wife situation work well, not work well? You know, like what are some of the struggles that could happen there when working with the spouse?
Kaitlyn Phillips:
Um, yeah, we have a lot of husband and wife teams in our mastermind group and then we have a lot of people too that are in the mastermind group and their spouse has no interest in the business as well.
David Richter:
Mm-hmm. <affirmative>.
Kaitlyn Phillips:
And I think really it just comes down to like, as a husband and wife deciding what you guys want. Do you want to work on it together or do you wanna work separately? And it really doesn’t matter what you choose as long as you’re, you’re on board with each and you have the decision made together.
David Richter:
Awesome. Now I love that it’s so many people we see in this space, as long as they get on that same page. It sounds like you guys have been on the same page for a long time, like I’ve mentioned and this is, I love that. Just any help that you can give there. This has been really good. I just have a couple final questions. If you had to start your business over again, your real estate business over again, is there anything that you would do differently?
Kaitlyn Phillips:
You know, this is a question I’ve asked myself a bit over the last few months.
David Richter:
Okay.
Kaitlyn Phillips:
And I don’t know that there is anything I would do differently because all the things we did were important. Educational
David Richter:
Yeah
Kaitlyn Phillips:
Experiences, you know, like the mistakes we made.
David Richter:
Yeah.
Kaitlyn Phillips:
We needed to learn from, to learn how to do it right. Um, but I think the biggest thing would just be like, start taking action and don’t like wait to know everything before you start doing things. Cause I wouldn’t, we wouldn’t even be started yet if I was waiting to know everything because there’s still so much, I don’t know,<laugh>,
David Richter:
Right, yeah. That is the truth, man. That’s what I see. You, any of one that’s out there doing stuff is doing stuff <laugh>, they’re taking action.
Kaitlyn Phillips:
Yeah.
David Richter:
So that’s definitely a big part of this and I’m really grateful for you coming on today Kayla, and talking about your profit first journey, implementing the system, being on the same page with your husband. Honestly, talking about all the things there, like why they even feel like they’re living deal to deal or like why they’re in that rat race. You know, we just are so fast sometimes we just want to get things done without worrying like the steps of its actual system. I like how you kept calling it that system, that this is a system for your finances. It just gives you a clear cut outline. Kept saying that over and over again. I’m glad because I felt like in this one you gave hope for anyone too, that if you’re what whomever your background is, zero financial background as a teacher or if you’ve got a crazy one, like there’s still a system out there to help you as the business owner. So that was really good as well too. And then I love that you were able to retire, oh, retire husband from his job to work with you
Kaitlyn Phillips:
<laugh>.
David Richter:
So like, you were able to retire him, but then put him to work in the business that you’ve been helping to build and you know, really taken off. So I think this is all great stuff. It’s been my privilege to have you on here. The last thing, since you provide a lot of value here and provide that hope to people, where would people want you, would, uh, want to connect with you? Like what are you looking for right now and how can they bring value to you?
Kaitlyn Phillips:
Yeah, um, I think the biggest thing that we’re looking for right now is, um, more money partners. Anybody interested in being private money lenders? Um, we, we would love to employ an opportunity for people to make money on their money, um, a win-win situation. So, uh, they could reach out probably the easiest ways to find me on Facebook. Caitlin Phillips. Awesome. Um, they could also look up property strides if they can’t find Caitlin Phillips on there. Um, and just take action. If you wanna get into this and you haven’t yet do something, go do something, stop listening to podcasts and go do something
David Richter:
<laugh>. Yeah. Go implement prophet first and
Kaitlyn Phillips:
yeah <laugh>
David Richter:
Be like Caitlin and Tim so that they, and I can stop calling him, you know,
Kaitlyn Phillips:
<laugh>
David Richter:
My husband because I think he’s in the background too and can hear me. So I’m sure he loves me at this point. So, Tim, I’m sorry if you can hear me, but that’s where, listen to her, if you can connect with her and do, obviously. I endorse them. They are running non profit first. They’re gonna handle the money correctly. They’re gonna, they’re working together as the husband wife team on the rowing in the same direction, on the same page, you know, doing great things together in the real estate space. Look them up that she’s a teacher by heart, I’m sure, and her husband as well too.
Kaitlyn Phillips:
hmm-mm
David Richter:
So they have those book clubs, they’re in a mastermind. They could introduce you to that as well too. So there’s a wealth of knowledge just in Caitlin and what she’s done over the last four or five years in the real estate space. If you wanna learn more about this story, you know, like look up their website, look at what they’re doing, follow her on Facebook and all the different stuff. Connect with her. If you want to connect with someone who’s really, who’s active in this space and who’s maybe a few steps ahead of where you are or maybe, you know, like maybe a few steps ahead of where you are financially too, no matter where you are in the real estate world, doing a thousand deals a month, you know, she’s got some of those principles down in that system. But Caitlin, thank you for being here today. It’s been an honor to have you. And I just wanted to tell our listeners, if you are struggling with the money at all and you don’t have the background of the finances, just like Caitlin and Tim admitted to, that’s where a lot of people struggle. But a lot of people are like Caitlin, they want to learn, they’re hungry to learn to know what to do with the money. If that’s you and you want to know where to put it and where should I be putting the money on a monthly basis, how do I pay myself more? Go to simplecfo.com. We can help you. We have our CFOs, our part-time CFOs to help you implement Profit First, hold you accountable. We’d love to do that. And if we can’t help get on the call to be connected to someone, I want you to not have an excuse not to take action just because you think, oh, I’m too small for them or whatever. Just have that conversation with us and we’ll connect you to the right person as well. Thank you so much for you for listening, for being here today for you know, for absorbing this content. Go out and do something. Like Caitlin said, remember to make profit a habit in your business. Caitlin, thank you so much for being here today.
Kaitlyn Phillips:
Yeah, thank you.
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.
If you Want HELP
implementing Profit First...
Our team of experts would love to help you
make and keep more money in your business!
