Episode 163: Discovered How Bob Lachance a cquired the concepts of the system and effective money management.
The Profit First REI Podcast
March 13, 2023
David Richter
Summary:
Being wealthy is more than just a full bank account. It’s about having a mindset of financial management to accumulate a resource that can continuously build on itself. Moreover, it has the potential to be taught and learned.
Our guest today understands the potential of a system like Profit First for himself and others. Bob Lachance learned of the method’s principles at a young age and has applied it to his ventures to this day. He is a real estate investor and the founder and CEO of REVA Global, a premier virtual assistant staffing company focused on the real estate industry.
Listen in as we discuss the importance of proper money management, the benefit of hiring virtual assistants, and Profit First.
Key Takeaways:
[00:50] Introducing Bob Lachance and His Real Estate Investment Journey
[03:19] Profit First and the Entrepreneurial Tendency to Burn Cash
[08:41] On Tracking Costs in Business and Experiencing Business Struggles
[12:16] Developing Better Financial Habits and Applying Profit First
[14:05] The Benefit that Virtual Assistants Bring to a Real Estate Investor
[16:39] Things to Consider Before Hiring a Virtual Assistant
[20:25] The Habit That Has Contributed to His Success the Most: Implement
[21:13] Hardest Lesson Learn as an Investor
[22:26] Connect With Bob
Quotes:
[13:03] “The great thing about Profit First is you can then give it to the individuals that work for you.”
[15:39] “If anybody is relying on a virtual assistant in a different country to close your deals, you will be out of business soon. That’s not their role. Their role is either admin TAs or lead generation.”
[21:46] “We start being successful when we start focusing first on that one thing. Instead of doing 900 things at once, you got to get good at that one thing”
Connect with Bob:
Website: www.revaglobal.com
Email: bob@revaglobal.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:
Bob Lachance:
And you’re right. Cause I know you talked to thousands and thousands of people that are like, by the end of the year, you’re like, Ooh, crap. Uh, well, I gotta pay the tax man and, uh, don’t have any money left. So you’re a hundred percent right on that side of it. And that’s the way I operate today. When I first started, I didn’t operate profit first side of it, but right now, obviously reading your book and understanding that whole concept, that changes a lot.
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:
Today we have Bob Lachance, who has an incredible background in the real estate world and doing over a hundred deals a year and uses virtual assistance. And he is also a provider of virtual assistant, but he also talks about his prophet first journey and how he learned it at a relatively young age, even before the book came out. So, which is very interesting as well too. So this is, might be something you could pass on to your future generations. I hope this episode provides value to you. Thank you so much again for listening. Hey everyone, thanks for listening. This is David Richter. We’ve got Bob La. Chance in the studio here. Thank you so much, Bob, for coming on the show today.
Bob Lachance:
David, thanks for having me. Appreciate it.
David Richter:
He runs Riva Global, which is a virtual assistant company, but he’s also been in real estate for a long time. He loves doing the deal, so I’m excited to talk about that. But he’s also a fan of Profit First and has implemented it and seen a work in his life. So that’s what we wanna focus on today, give other people hope in the real estate world. But Bob, why don’t you just give people maybe a minute overview of like what you’re doing and where you are in the real estate world.
Bob Lachance:
Sure. Real estate world. Um, last year we did 166 transactions. This year we’re set to do over 220 plus. I use my virtual assistant, you know, I, like you said, I have a virtual assistant company and I use my virtual assistants in my own business. I just think it’s very important, anyone who has a service business to make sure that they use their product.
David Richter:
Right.
Bob Lachance:
Whether it’s a pride or a service. I think it’s kinda like, you know, you’re writing your book profit first if you don’t actually live by, it’s kind,
David Richter:
<laugh>
Bob Lachance:
You know, it’s one of those credibility things. I think. So that’s a two second rundown of what I’m doing right now.
David Richter:
Awesome. So as you can see, he’s in the real estate space. Out of those 166, are those flips, wholesales, retails, rentals, multi-family?
Bob Lachance:
yup
David Richter:
What is that?
Bob Lachance:
Very good question. We are actually starting to build up our rental portfolio. We are at, I think it was either 26 or 27 doors. And then we looked at the market, we’re like, why the heck are we holding anything? You know,
David Richter:
yeah,
Bob Lachance:
We’re making 30, 40, $50,000 on each flip.
David Richter:
Yeah.
Bob Lachance:
And, or we’re gonna make what, 3, 4, 500 bucks a dollar per month?
David Richter:
right
Bob Lachance:
I’m like, it doesn’t make any sense. So we decided to sum all just because of the, where the economy was.
David Richter:
Right.
Bob Lachance:
Uh, but we also do wholesaling. We do whole tailing things like that. Couple fix and flip, not as many. Um, but that’s pretty much of a makeup of our business.
David Richter:
Okay. Very cool. So, well that you’re using your own product and that you’re doing a ton of deals in getting that, uh, in the real estate space. So let’s, let’s focus on profit first. What got you even excited about the Profit first message?
Bob Lachance:
Yeah, you know what’s funny? Um, I actually, that whole principle, you know, going back,
David Richter:
yeah
Bob Lachance:
I kind of learned that from my father back in the day.
David Richter:
Okay.
Bob Lachance:
Um, yeah, you kinda look at, in the way I break down Profit first, I think it’s really important. And I used to run a real estate education company as well. Um, and talking to students, the first thing I would say, because everyone would be all over the map on where they would come in, right?
David Richter:
Yeah.
Bob Lachance:
They would be, they’d say, all right, listen Bob, I want to quit my job here and jump into real estate. I’d say, whoa, hold on. Before you do that, let’s decide, you know, look at what your finances are. What is your, so if I have to break down profit first for me, and I know anyone, everyone in this world probably has a different answer, right? So I look at Profit first and all right, first we have to identify what your total overhead is. You know, even if you’re single, you’re family. It’s the same thing. What’s your total overhead? Once you figure out where your total overhead is, now you gotta figure out in real estate, how are you going to take care of that total overhead. So, if it’s, um, flipping properties or wholesaling, if it’s 10 grand, you can figure that out pretty easy. But if you wanna start buying and holding and take care of that passively, then you’re gonna have to mix wholesaling and take, you know, 10, 20, 30% of each check and figure out what it costs you to buy a property and how much you’re making per door. So you really have to start chunking it down and breaking it down to where you can offset that $10,000 to where, you know, I can’t say you’re finance, you’re free at that time, but you’re taking care of all of your overhead. So if you take your money, you know, your check here, profit first says, you know, you’re gonna take a percentage that put it away here, and then you take it a next step further. If you’re looking at buying and a holding passive income, you gotta figure out in your area how much is it per door that you’re gonna make, right? So,
David Richter:
Yeah,
Bob Lachance:
You kind of peel back the layers on that side of it. And I would do that with every single student that we would have, and it would just make sense, because I never want to put anyone in a bad spot. Right? Right. I mean, if you’re making, let’s say you’re making a hundred thousand dollars in a non real estate business and you wanna join real estate, how are you then going to offset that money because you’re using that money for something when it’s living expenses or take care of your family?
David Richter:
Yeah, Makes sense. So then a lot of people in the real estate space, once they jump in, they think that real estate’s gonna be the end all, be all in, you know, fix all their financial problems.
Bob Lachance:
yes
David Richter:
Why do you think a lot of people jump in and they start a living deal to deal?
Bob Lachance:
Yeah, it’s, um, cuz it’s very easy to burn cash. It’s very, very easy. And that’s why you, that’s why it’s a good question. You asked me about buying and holding and things like that. I think, and I’m a huge believer that you have to have passive income in this business because if you’re only a wholesaler, you’re gonna have months where a deal falls apart and you’re like, oh, you know, how am I gonna pay my bills? Let’s say you have a hundred grand in the bank today, you know you’re doing well, you’re doing well. 200 grand, 300 grand. Well guess what? Market changes. And then you hit a little roadblock. If you have passive income, you’re making that $10,000 a month, guess what? You’re always able to pay bills. You’re always able to feed yourself. You’re always able to, you know, everybody needs some of that, whether it’s a business or passive income. Think about that. Right. I have a virtual assistant company that also is profitable. I also have a real estate company that’s
David Richter:
yeah
Bob Lachance:
profitable. So if one kind of takes a roadblock and takes a little dip, the other one offsets it. So that’s kind of how I look at it.
David Richter:
What do you think about people that have those multiple businesses and one is hurting, you know, like how long before you go out back and shoot it? Or have you ever seen
Bob Lachance:
yup
David Richter:
Businesses that they, uh, they’re just in business with the one because it’s profitable and it’s just giving the other one life support? Have you ever seen that before?
Bob Lachance:
Oh, I have a hundred percent have seen it a lot.
David Richter:
Yeah.
Bob Lachance:
You have to identify and you have to say, listen, you know, if you’re burning cash three, six months, then you really have to take a step back. Cuz sometimes, a lot of times it’s a pride thing for us. You know, for any entrepreneur, sometimes it’s a pride. You’re saying, well this is my baby. Well, sometimes that baby is, uh, should be, you know, should be let go.
David Richter:
Right.
Bob Lachance:
You know?
David Richter:
Yeah.
Bob Lachance:
Because it’s just part of business. You have, we all have to be realistic and put our ego aside and say, Hey, listen, there’s a time and a place and we should let that go. Um, however, here’s the challenge you run into as well, because
David Richter:
yeah
Bob Lachance:
Real estate investing, when you’re brand new, it’s gonna take you six months to get ramped up. Don’t quit, keep going. That to me is not a baby. Right?
David Richter:
Yeah.
Bob Lachance:
That’s not like a new baby. That is something that’s a long term investment. So for me personally, if you’re gonna start something brand new, I don’t look at real estate investing. If you’re gonna start from tomorrow to six months, that’s not brand new. We’re talking about, you know, if you’re gonna invest in um, I don’t know, uh, currency, or you’re gonna invest in coins or gonna invest in that, and guess what? It’s, you’re losing money, losing money, losing money. Take that money out back and put it back in a real estate, you’re never gonna lose in real estate. I mean, let me rephrase that. You’re never going to lose 100% of your money if you invest in real estate cuz you have a hard asset. I’ve never seen a property go from a hundred thousand dollars a zero in my life and I don’t think we’re ever gonna see it. Cause you know, it’s an asset that can be traded.
David Richter:
Yeah. Buy real estate and wait, that’s for sure.
Bob Lachance:
Yep.
David Richter:
So in your business, it sounds like you had these principles, you learned them from your dad and that way you were able, toran did. When you started your businesses, did you have that cash management in place? Or like, did you have some way to make sure or did that come later on? Or did you read profit first down the road? Or like how did that happen to where, you know, hopefully you were profitable for, you know, a long time?
Bob Lachance:
Yeah, So I read Profit First along the way. So,
David Richter:
yeah
Bob Lachance:
In let’s look at my virtual assistant company, it’s the same thing as what we just talked about prior to that of offsetting your income. When you start any business, let’s say hypothetically, it’s gonna take you, um, I dunno, you’re gonna budget $10,000 a month for that one business. It’s an investing company cuz you got marketing costs, all that stuff. If you’re a solopreneur, you’re gonna say, okay, uh, David, I’m gonna take, uh, I’m gonna take an investment of $60,000 and per month, it’s $5,000 per month for marketing costs, right?
David Richter:
Yeah.
Bob Lachance:
Then you’ll know how long you actually have until you have to start generating revenue. Same thing with a virtual assistant company. You have to look at how many clients it takes you to break even cuz you ha in any business, you have a cost, you have a fixed cost,
David Richter:
Right,
Bob Lachance:
So that’s the way I look at it a little different. Maybe I look at all what’s it gonna cost me per month, and then how many clients does it take for me to offset that cost of where I’m going to be profitable? Does that make sense?
David Richter:
Yeah, Totally.
Bob Lachance:
Yeah.
David Richter:
I get where you’re coming from. What about paying yourself and making sure you have money for taxes? Like, do you factor all that into your fixed costs or is that like,
Bob Lachance:
yeah
David Richter:
Okay, I want to cover my overhead, but then here’s what I need for making sure we have above and beyond that?
Bob Lachance:
Yeah, so I’ve done both of ’em to be 100% transparent. I’ve done both of ’em because when you’re a startup mode, man, you’re just like, all right, how am I gonna break even then I’ll figure out the tax side of it. But now once you’re established, um, you build all of that in to where you have to put money away, especially for taxes. And you’re right. Cause I know you talked to thousands and thousands of people that are like, by the end of the year you’re like, Ooh, crap. Uh, well I gotta pay the tax man and, uh, don’t have any money left. So you’re a hundred percent right on that side of it. And that’s the way I operate today. When I first started, I didn’t operate profit first side of it, but right now, obviously reading your book and understanding that whole concept, that changes a lot.
David Richter:
Well then, back then, was there times that <laugh> that you thought about throwing out the baby with a bath water or get
Bob Lachance:
Uhhuh <affirmative>
David Richter:
Throwing in the towel on either real estate or the VA company?
Bob Lachance:
So on the real estate side, yeah. So I started in 2004.
David Richter:
Okay.
Bob Lachance:
My first deal was a fix and flip. I made, I think it was $32,000. That was pretty cool. But after that, I didn’t make money for another year
David Richter:
Wow
Bob Lachance:
Because I joined, I dunno if you know, uh, pat Precourt, but I joined him,
yeah
David Richter:
Um, in the short sale world and I door knocked for a year straight. But my, thought process was, um, and I didn’t ask him for a penny, I just wanted to join a team and I wanted to start a company. So I ended up being partners with ’em after our first year cuz I earned it. Um, but I never asked for our paycheck after that, of course I started making money, but my thought process was, I’m gonna learn the business from ground up and then I’ll earn my keep. It’s kinda like the whole concept you give before you get
Bob Lachance:
Yeah.
David Richter:
And uh, obviously in this case it worked out because Pat offered me 50% of the company, uh, back in 2005. So that worked out that way. Um, but I think, it’s important, that’s another concept. I think you talk about this on your show too, is understanding, um, how to, before you get in our industry, people are at they look it that way.
Yeah. A lot of people are takers, that’s for sure.
Bob Lachance:
Yep,
David Richter:
Okay. So then along the way then, sounds like later on you got into the better financial habits and the systems and the processes so that when you read Pro first, maybe a little, you know, a few years ago or maybe, I don’t know, even recently, and then it would started to turn around or like, have you been profitable for a while and this just helped you ramp all that up? Or like, did it just give clarity? What helped you in the most?
Bob Lachance:
Yeah, you know what’s interesting? So for me, I’ve been profitable for a long time, um, just
David Richter:
yeah
Bob Lachance:
Cause I started so long ago. Um, but the Profit First and where that actually works is the individuals that work for me. So educating them on what Profit First means, like for me, I was implementing it. I was fortunate to be able to implement it, like we talked about, learn that from my father, learned that from my mentors, learn that from my business partners, things like that. But on this side of it, the great thing about Profit First is you could then give it to the individuals that work for you. So for instance, in this whole literally that the kind of the model I was just talking about, I’ve had these conversations with our guys in our office, they wanna start buying or Holden. I said, all right, cool. You’re gonna start buying Holden. Look at exactly what your household costs are.
David Richter:
Yeah.
Bob Lachance:
And look at your commissions, take a portion of that, put it over here and look at the average price per house in our area or per door. What is your down payment need if needed? And then so now they can run it backwards and figure out how many houses they can buy per month or per year.
David Richter:
Yeah, I like that a lot because
Bob Lachance:
Yep.
David Richter:
A lot of people don’t know those numbers, just to be able to say, what in the world do we need? So,
Bob Lachance:
right.
David Richter:
It’s a very good,
Bob Lachance:
And the great thing about profit versus is you could anchor back to a real, you know, a book a strategy, you know, show ’em online. It’s always good to be able to show them because then they’re like, oh, now I get it.
David Richter:
Right
Bob Lachance:
Rather than tell them.
David Richter:
Yeah, exactly. Okay, well then let’s switch to your VA business. So what do you see the most, you know, like what does a virtual assistant help with the most for real estate investors? Is it the time saving? Is it the, you know, processes, systems automation set up? Is it, you know, just taking off those $10 an hour tasks? Like what do you see now being in this world for a long time that one of the biggest benefits people getting from working with the virtual assistant?
Bob Lachance:
Yeah, I think number one, it’s taking time off their, you know, because everything, you know, time is limited. You know, a lot of us now, although we get, we start having families, you start, you know, you have spouses that wanna go on vacation, your phones, you know, we’re so connected with our phones that it’s sometimes it’s almost a curse, right? You’re on,
David Richter:
sure
Bob Lachance:
Vacation and you can’t hide. I mean, you can’t hide anymore. Think about this, oh, I got a hot deal, you know, we need an answer to this. You have someone in the office. Like, it doesn’t stop. It just keeps hammering. You got the social media that doesn’t stop all that kind of garbage that’s just,
David Richter:
Yeah.
Bob Lachance:
You know, thrown at us every day. So when you have a virtual assistant to help you out, it allows you to have time. And there’s so many different tasks in our business that need to get done on a consistent basis. And if they don’t get done, you’re gonna fall behind your competitor right down the street that is consistently doing these things. So it’s really important. You got obviously time freedom. You got, um, businesses that wanna scale or businesses wanna become more efficient. So those are the three things that I see, um, that are very beneficial by working with a virtual assistant.
David Richter:
Do you think, or do you have virtual assistants that close deals, or do you think that’s more of an in-house type thing?
Bob Lachance:
That’s a very good question. I would challenge anybody in this. If anybody is relying on a virtual assistant in different country to close your deals, you’ll be out of business soon.
David Richter:
Hmm.
Bob Lachance:
That’s not their role. Their role is either admin tasks or lead generation.
David Richter:
Yeah. Right.
Bob Lachance:
And there’s other tasks of course, inside there, but I’ve had a virtual assistant company for since 2014. I’ve tried every role, like every single role. And if I as a business owner are gonna, are going to rely on a virtual assistant to close my deals, I am gonna be, I’m not gonna be, um, I’m not gonna end up in the right side of being a successful business owner because this is our business. It’s my business. It’s, um, you know, there’s people in the office that are gonna be looking at me, going in every single day in the office and they’re gonna rely on their paycheck. And if I rely on somebody else to do that I don’t directly manage
David Richter:
mm-hmm. <affirmative>,
Bob Lachance:
Um, I just say shame on me on that side of it.
David Richter:
Okay. What do you think are some of the mistakes that people do when they first onboard with a virtual assistant?
Bob Lachance:
Uh, wrong expectations.
David Richter:
Mm-hmm. <affirmative>,
Bob Lachance:
I think, you know, you have to know exactly what role you want. For example, um, if I’m gonna bring on a virtual assistant because, um, let’s say I’m cold calling all day long, that’s gonna wear me out as a solopreneur or a business owner because we all know that phone work, consistent calling is gonna bring in consistent leads.
David Richter:
Yeah.
Bob Lachance:
So if I’m gonna take that off my plate and give it to a virtual assistant, now my expectations are I’m gonna have somebody calling either four hours a day or eight hours a day. That’s an expectation that, you know, if I’m gonna take that off my plate and give it to somebody, that is something that 100% I have to know that they’re gonna do. And then there’s end of day reports they could send in to make sure that you know, hey, how many dials, how many connects, how many leads did you send over? So it’s that simple, but it’s, as an entrepreneur, it’s being very clear on what you want that virtual assistant to do as per that task that you want and the end result.
David Richter:
Okay. That makes a lot of sense. Then the virtual assisted company, uh, if someone’s just getting started out, what would you say is one of the best roles to bring on, you know, right away that maybe a virtual assistant can handle?
Bob Lachance:
So it all depends on what your end, like we said, what is your end goal? Do you need leads? If it’s you need leads, then I would recommend that they cold call, they text message. Right?
David Richter:
Okay.
Bob Lachance:
Um, they take inbound calls from your direct mail or they take inbound calls or they, if you’re PPC and you have new leads, they could pre-screen ’em before they send ’em over to you. So if that’s lead generation or if it’s, guess what, you need branding and you need your face out there all the time. They can help with social media, they can help with posting, whether it’s LinkedIn, Facebook, Instagram. They can help with all that. Um, if you have a podcast as an example, I know you’re not, if you do a podcast, I’ve dealt with some clients that are new, uh, or newer, um, and they have podcasts. Guess what? There’s so much stuff. Once we do this podcast, there’s a whole list of stuff that
David Richter:
yeah
Bob Lachance:
Needs to be done
David Richter:
Right
Bob Lachance:
To cut up all of these and send ’em on social media to send them. Because obviously this is branding. What we’re doing right now is marketing and brand. It’s really branding and then it starts with the marketing side because people are attracted to what you offer. So there’s a laundry list of stuff that, um, virtual assistance do. Uh, within this podcast. Uh, if you’re a property manager, guess what, uh, if you’re a brand new property manager, there’s so many tasks on the property management side. You have tenants calling. If you’re managing for other clients, you have clients calling you. You have, uh, to make sure that all the properties are leased. You have tenant screening, you got leased renewals, you got a bunch of different stuff that happens within different niches of real estate.
David Richter:
Right? Yeah. That’s good stuff cuz that sounds like they can handle a lot of different aspects. So you just don’t want ’em closing the deals. So it sounds like
Bob Lachance:
Right, everything else that can be manager the that’s repeatable a VA would be a good fit for
And lead generation is different than closing a deal, right? Closing a
David Richter:
yeah
Bob Lachance:
Deal is, you know, you’re the final one that’s negotiating because think about this David, in any one of our businesses, you know, you may be dealing with a rehabber that’s a little different. Exit strategy, you gotta buy it a different number,
David Richter:
Right.
Bob Lachance:
You deal the wholesaler a little different number, whole tail cuz you’re gonna fund it out yourself and re-list it. There’s just little different nuances in within that bucket that I think that, you know, you and I can handle better on the closing side than somebody that is virtual my opinion.
David Richter:
Yeah. I would say that as well too. Awesome. Well, good stuff there. Just a few final questions then. This is more general. Since you’ve been in business for a while, what would you say has been one habit that has contributed to your success the most over the years?
Bob Lachance:
I think a habit of actually implementing and actually doing, instead of just over educating yourself, you have to implement. If you implement and you fail, you’re still moving forward. So what I mean by that is, you know, a lot of us take too much time analyzing stuff and don’t take enough time to take an action.
David Richter:
Yeah.
Bob Lachance:
You have to take action because if it doesn’t work the first time, it’ll work the second time. It doesn’t work the second time, it’ll work the third time. You just have to keep going and going and going. I think the action side of it’s extremely important for all of us entrepreneurs out there, no matter what industry you’re in.
David Richter:
Yeah. Yeah. Big time. How about the hardest lesson you’ve learned as a real estate investor?
Bob Lachance:
Hardest lesson is actually, um, and I was talking to at a podcast yesterday, mark de Latour, good buddy of ours. Uh, I know you know Mark very well and, um,
David Richter:
Yep.
Bob Lachance:
He asked me a similar question. I think it’s the shiny object syndrome.
David Richter:
Mm.
Bob Lachance:
It’s, there’s so much crap out there on the internet, right?
David Richter:
Yeah.
Bob Lachance:
That they’re selling you on the next best, best thing. Next best thing here, next best thing there. It’s staying focused. Um, you know, in our real estate business, even in our, my va side of my business, when we started being successful and we started focusing first on that one thing.
David Richter:
Yeah.
Bob Lachance:
Right? Instead of doing 900 things at once, you gotta get good at that one thing and you could always add on to that next thing. So if you’re looking at wholesale, guess what? Get really good at wholesale, which means you gotta get good at marketing, you’re good at marketing, the leads are gonna come in. If you know in a wholesale, then guess what, huh? If you have access to money, then you could buy that property and resell it if you have to. Or you could add in a construction team and start rehabbing. But you gotta get good first at that one thing before you add on, uh, other things.
David Richter:
Yeah. That is very true. So then just the last question here, since you’ve provided a lot of value here, there’s been a lot of good things. I mean, if you haven’t learned something from this episode, you need to go back and listen to it again. But what would you say is the best way to get ahold of you, either with a virtual assistant company or I don’t know if you’re looking for anything else?
Bob Lachance:
Yeah, I would say very simple. Um, check out, check us out on our website, which is revaglobal.com. Revaglobal.com. You can check us out. We’re on LinkedIn, we’re on Facebook, we’re on Instagram, we’re all over the place there. You can send me a direct email if you want. It’s bobrevaglobal.com. If you have any questions, I’d be, you know, and I can help you out more than, uh, more than happy to do that.
David Richter:
Good stuff. We use virtual assistants in our business and they are, you know, it is, uh, I’ve worked with one for eight years now, so I really enjoy, uh, working with them as well too. So, if you are a real estate investor and you’ve been listening to Bob and how he was, he got that, uh, the profit first message early, it sounds like his dad had that, that mindset and then now worrying about and implementing it more. If you need that in your business, go to simplecfo.com. We’d love to help you with our fractional CFO service. If we’re not the right fit, we’ll get you to someone good in the financial space cuz don’t want you losing anymore money, don’t want you doing more deals, thinking that’s gonna solve everything. I wanna make sure you have every dollar going and where it’s supposed to. Then if you listened here as well too, go to revaglobal.com. If you’re wanting the virtual assistant help, then thank you so much for being on here, Bob. Uh, it was a great episode. Uh, enjoyed having you on here today,
Bob Lachance:
David. Thanks for having me. Appreciate it.
David Richter:
Yeah, and remember, if you’re listening, make 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.
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