Profit First Lessons From A Real Estate Investing Expert with Mark Podolsky

Episode 136: Profit First Lessons From A Real Estate Investing Expert with Mark Podolsky

The Profit First REI Podcast

December 8, 2022

David Richter

Summary:

Now is an excellent time to start investing no matter where you are, no matter what age you are. 

We’ve got Mark Podolsky, a land geek sharing his knowledge on conquering the fear of investing and financial insecurity to move forward to achieve the tri-factor of life: Money, Health, and Time. 

Listen as Mark shares how Profit First impacted his business and gained knowledge on how he transforms lands into a passive income now!

Key Takeaways:

[01:00] Introducing Mark Podolsky

[01:54] Mark on What Excites Him the Most about Real Estate Investment

[03:49] Financial Struggles He Experienced in the Past

[08:24] Mark’s Insight on Why Most Investors Live Deal to Deal

[12:07] Profit First’s Impact on His Business

[15:26] How His View of Money Changed Over the Years

[20:51] One Key for Mark’s Success in Life

[23:08] Hardest Lesson Mark Learned in His Real Estate Investing Career

[25:04] Mark’s Advice to Real Estate Investing Community

[28:03] Connect with Mark Podolsky

Quotes: 

[05:54] “Stuff is great, vacations are great, cars are great but that doesn’t make me happy.”

[18:27] “There will never be better times of your life when you have the tri-factor of life: Money, Health, and Time.”

[21:43] “Many people are spending so much of their days, life, and energy on this thing called money that doesn’t fulfill them, doesn’t light them up, isn’t their true purpose.”

Connect with Mark:

Website: https://www.thelandgeek.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: 

Mark Podolsky:

A guy, Mike Michalowicz wrote this book, profit First. And so having these smaller buckets of my revenue, my operating expenses, my taxes, my payroll, and my profit has been just such a nice way of having that fiscal self-discipline. So I know no matter what happens with the economy, I’m fine.

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 :

Everyone. This is David Richter with the Profit First REI podcast. Super excited to have Mark Podolski on today. He is the land geek. He, that is what he has branded himself and he loves land and he knows how to transform land into a passive income. He even talks about that a little bit of how he doesn’t have to deal with not only tenant employment, but no house either as well in terms of into passive income. But I also want you to know too, he drops a lot of knowledge on what has gotten him to where he is, how he’s stopped the living deal to deal, how he’s conquered the fear in his life of how he’s moved forward and the trifecta health, wealth and time, and how that plays a factor into the decisions that he makes. A lot of great stuff here. Really looking forward to getting Mark on here. So buckle up. Mark, it is so great to have you on the show. Thank you so much for being here today.

Mark Podolsky:

David Richter, I am honored. Humbled. Thank you. Yeah.

David Richter :

Well, I know you’re a big fan of Profit First. You’ve implemented it and we’ll get to that part of it here on the show. But I wanna ask you first, what excites you the most about real estate investing?

Mark Podolsky:

Well, I’ll tell you what excites me the most is the passive income and what I can do then with my life. So I’m able to work when I want, where I want, with whom I want Monday, Saturday, the same day.

David Richter:

Hmm. That’s good stuff. I think most people want that. That’s why they get into real estate. It comes down to that freedom and passive income. And I’ve heard a lot of people say, you know, I don’t know if it’s Monday or Sunday or Saturday. And it’s like, that’s what I think a lot of people’s goals and dreams, so that’s awesome cuz I love hearing what excites people about real estate investing. What excites you the most about what you’re doing right now? Like, tell us a little bit about what you’re doing.

Mark Podolsky:

So basically I buy and sell raw, undeveloped land and I make a cash flow like a rental home. And yet I don’t have any of the headaches associated with a home. And David, if you want, I can walk you step by step exactly how I do it.

David Richter:

Okay, well there you go. Yeah, I’m sure we’ll get to that point. But that’s, uh, I just always try and get what excites people about, you know, what they’re doing right now and that sounds pretty exciting to cash flow and without having to even, you know, uh, they always talk about rentals being the tenants and toilets and those are the headaches. So it’s like now you don’t even have a house, you know, so that you have to worry about. Right. So there’s a, there’s a whole, you know, whole slew of issues that you don’t have to worry about. So that’s awesome. But you are a big profit first fan. So let’s go into the money portion of it a little bit. As you know, like you as a successful real estate investor and now teaching other people, you have your own podcast, you know, you’ve got, you’ve done great, amazing things and continue to do them. Have you had money struggles in the past that you faced in your life or your business? Are you one of those ones that have never had them? And if you have, can you tell us a little bit about those money struggles?

Mark Podolsky:

Yeah, so I actually write about this, uh, really in depth in, uh, my book Dirt Rich. So if we rewind, rewrite, rewind the tape to 2001, when I started land investing between 2001 and say 2008, anyone could have made money in real estate. Yeah. And I was one of those people that was making a lot of money. What I had though was what I call Parkinson’s Law of Money, which means the more money I made, the more money I spent. And so I saw it in the bank account. I felt really good about myself and I kept spending money. And, um, I realized that for some reason, I mean, I don’t know what message I got as a kid. Like I thought, oh, a successful person has a really big house, luxury cars, they go on exotic vacations, their kids are in private school.

My wife didn’t even work. I had a nanny, I had a housekeeper. I just kept spending, spending, spending. And what was interesting was none of this stuff was making me any happier. If anything, it was making me more stressed out. And I say thankfully, I got the big ego kick in the head in 2010 and 50% of my note portfolio sort of just went away. Hmm. Like, people were calling me and saying, Hey Marcus, between making my land payment or food in food wins. And so I had to really figure out, well, how, how am I gonna live now? Sold the house, sold the car pub public school for the kids, got rid of the nanny, got rid of the housekeeper. And I’ve realized, oh my gosh, I’m actually so much happier. And it was really sort of this epiphany that there’s nothing out there that’s actually gonna make me happy.

There’s, it’s never enough, uh, until you feel like you are enough. And so once I felt like, okay, I’m enough, it kind of came to peace with it. Then I realized, okay, I can, you know, stuff is great, vacations are great, cars are great, but they’re not gonna make me happy. And so I was able to sort of come to terms with that, to peace with that. And the way that I got myself out of not having Parkinson’s Law of Money was a guy, Mike Macit, who wrote this book Profit First. And so having these smaller buckets of my revenue, my operating expenses, uh, my taxes, my payroll, and my profit has been just such a nice way of having that fiscal discipline. So I know no matter what happens with the economy, I’m fine.

David Richter:

Man. That’s good stuff. That’s really good because I love what you said about you’ll never think you’re enough if you know, it’s never enough until you think you’re enough. And I love that that is so great that you have to know that you’re enough and that you don’t need all those things like you had mentioned. And then going from there and getting a system in place, you know, like a Profit first system to help you with that, that cash management portion of now you’re, now you’re using Parkinson’s Law to its effect, you know, of like being able to actually brandish it and almost as a weapon now, instead of it just beating you over the head of like, oh shoot, I’ve got all this money in this account. What do I, you know, like, what can I spend this money on? So I absolutely love that. So sounds like with your money struggles and that point in that time in your life that you’ve probably at some point lived deal to deal. Have you ever lived deal to deal in your business of just like waiting for that next one to close?

Mark Podolsky:

I kind of did. I mean, the way that I’ve structured it was so that I have this passive income that exceeds my fixed expenses. Yeah. So I’m not living deal to deal. But in the beginning, certainly when I was just flipping for cash deals yeah. I was living deal to deal and there’s this, you know, knowing financial insecurity of where’s the next deal gonna come from, right. Or what happens if I can’t close this deal? And that’s, that’s no fun.

David Richter:

Yeah, it is. And why do you think most investors, cuz I feel like there’s like 80, 90% of real estate investors when they get into the game of real estate and investing live deal to deal. Why do you think a lot of people with Deal to do?

Mark Podolsky:

I think it comes down to maybe just fear. I, really don’t, I don’t know. I, guess if I use myself as a case study, I didn’t know any better when I first started. I didn’t have a mentor sort of saying, oh, you can look at the world this way and you could structure things this way. And just thinking, well, how you just do a deal and you just go to the next deal? So it could have been just lack of education. Even

David Richter:

I, that really resonates with me, me because that’s even why I started a lot of this was I felt like there’s really no education and what is out there is boring. You know, it’s like accounting, finances, like is that something that a real estate investor’s really gonna look up, you know, and listen to? So I totally resonate with what you’re saying there. And I believe that, you know, it’s the responsibility now of us to get that message out there. Just like you’re saying that you don’t have to live deal to deal. You said us something as well. You said that a lot of people don’t, you didn’t know the questions to ask or you didn’t know what you didn’t know. That is something that I’ve heard over and over again. And, you know, having someone there that’s been down the road, like you said, a mentor, someone who’s sat in that seat who has said, you know, seeing the money struggles or seeing the deal flow struggles or whatever it might be, to be able to say, well here you go, like, adjust this knob or do this. So I totally resonate with that too because most people, like you said, live in fear because they don’t know what questions to ask. So thought that was great. A very great point. So then with that, with the money struggles or with the, you know, living deal to deal, you talked about Profit First and how that helped you. How do you think Profit First plays into, plays into that role of education and you know, kind of being that guide for not living deal to deal?

Mark Podolsky:

Well, I think it just helps with the, seeing the cash flow, making sure that I have no financial insecurity, taxes, tax time comes around, got money for taxes, right. You know, gotta make payroll, no problem. It’s all there. And then just knowing, oh I’ve, I’ve got a profit and uh, and I’ve got, you know, my operating expenses that I can, I can budget it. I can see, you know, the cash flow every two weeks. Oh, what’s going on here? Are we having a good month? Is there something that maybe we need to adjust on the operating side? Maybe we need to grow our revenue and invest more into marketing. So it just really helps guide all the business decisions from the numbers as opposed to just looking at one number and thinking, oh, you know, you feel good one day, you feel bad one day money in, money out.

David Richter:

Yeah, no, I love that because it is, it’s, I think that’s one of the most scary things as a, as a budding business owner, is knowing where that money goes and being able to direct it. Because if you listen to people like Mark or people that educate, you can get the deals in, you can get that cash in, but you need to know what to do with it once it’s there. That’s why we have this podcast. That’s why I want you to listen to people like Mark who’ve been down this road, and I don’t want you to have those money struggles, you know, like in your business because there is good education now out there. There is the profit first or there is this podcast or books or whatever, you know, like to be able to do that. So love those points because I feel like you’ve really resonated there, uh, with a lot of people. So then Profit First in your business, have you adapted it to the land business and how it flows and you know, like with how the cash flow is or just, I guess I like hearing people that have implemented it. Have you done anything special with it or, you know, have a specific account that you like or anything around Profit First with how Mark has implemented it?

Mark Podolsky:

Well, my favorite account is profit. There you go. For sure. Um, I mean I think I just stick to the program pretty well. Awesome. Um, and I just try to keep my overhead, uh, no greater than 50%. Really? Wow. And you know, I’ve got four businesses and they all use Profit First. I feel badly for the Bakers because <laugh> and the, and the bookkeepers. But, uh, that’s not that big a

David Richter:

Deal, right. Because the whole point is for you to have that clarity. So you wanna make sure that you have that clarity and you know, they’ll be okay, you know, on that side cuz it’s important that you even have that business so they can keep those bank accounts and so those bookkeepers can keep doing the books, so. Okay. Yeah, absolutely love that. Um, I think profit versus definitely pay played a big part in, uh, in where you are now, I would say for, uh, at least the cash management point of view. So. Awesome.

Mark Podolsky:

Yeah, I mean I wish I was more creative with it. I’m just not. Oh no. Yeah, it’s I yeah,

David Richter:

I just wanted to see, cuz some people have, you know, different accounts from marketing or whatnot, but I love when people come out and say, no, it’s, I pretty much just follow the system as it is. I’ve got the fundamental accounts and make my transfers when I need to make ’em, you know, and get it that done. So I will absolutely love that because that’s where peace of mind, you know, just knowing that I have a system once that money comes in to be able to, to be able to get it where it needs to go. So what would you say, so it helps you with the financial insecurity. What else do you think that prove versus helped you with just overall with your business or maybe growth? How’s that factored into growth or, you know, like where your business is now? What other benefits have you derived from implementing a private first system?

Mark Podolsky:

You know, I don’t really, uh, I’ve really never, you know, stepped back and really looked at it like, okay, what are the benefits of having these five accounts and these, these buckets? Yeah. Uh, but I think holistically it does help with cash flow. I think it helps with fiscal discipline. I think it helps emotionally with financial insecurity. I think it helps with all the business decisions that I make because it does guide the numbers, so I just don’t think about it like that in that way.

David Richter :

Yeah.

Mark Podolsky:

Day to day. But now that you ask the question, it guides everything.

David Richter:

Hmm. I love that because the money, you know, is tied to everything that you do. And I like to say that money is personal no matter what it is. Even in business, you know, like it’s, you’ve got, you’re very much tied to what, what comes in, what goes out. So yeah, it’s, uh, very holistic of once we get this in place, a lot of other things seem to click and at least you know, you know what’s coming in, you know, what’s going out. But, uh, no, that’s awesome. So you had mentioned this before, earlier that, you know, I don’t know if I got this lesson when I was a kid or whatnot about money, but I’d like to know about that. Like what money scripts do you have or the money things inside of your mind. Like what lessons have you learned about money and how, you know, maybe growing up or maybe in the last few years or versus when you were at the start, you know, of being a business owner to where you are now. Like how has your money view changed over the years?

Mark Podolsky:

So, growing up, my dad was a wholesale grocer, so I remember going to okay, uh, a grocery store and asking, Hey dad, can I get this pack of gum? And he’d look at it and say, oh, that’s, you know, a dollar. I buy it for 75 cents. No. Right? Yeah. So, um, uh, you know, I remember even just if we went out to a restaurant, uh, and my sister and I like the, those server comes by, what, what do you guys, everybody wants to drink water to this day. I will not order a drink at a restaurant. Hmm. Why? I’ll tell you because I’m being healthy. I’m drinking water. It’s a total lie.

David Richter:

<laugh>,

Mark Podolsky:

Oh, I don’t wanna spend 2 29 for a drink. Right. Or whatever it is. So, uh, I think, you know, my parents were very frugal. I would say to a point where, um, there was, there was a certain amount of scarcity mentality. I don’t know if I heard of the cliche money doesn’t grow on trees. Sure. But I definitely had the sense that, um, we don’t waste money. Uh, we’re not frivolous with money and uh, you wanna have money in the bank. And so I would say that my minimalism definitely comes from my parents.

David Richter :

Okay. So then how is that, so you now have the mentality of obviously you wanna make profit first, you wanna put those, you know, like everything in the proper place and whatnot too. So I know that you’ve got, you know, you’ve had a journey along that, you know, along that lines as well, what lessons about money do you wanna pass on? Like either to the next generation or, you know, you know, just people or the next generation of real estate investors that are listening right now, you know, that are out there, that are listened to this podcast. Like what money mindsets or what lessons about money that you’ve learned over the years would you wanna pass down?

Mark Podolsky:

Well, as I’ve gotten older, I’ve, my money, uh, scripts have evolved. Yeah. And so that profit is for me to enjoy life,

David Richter:

Good stuff.

Mark Podolsky:

And so as I remember, um, being younger, right? And, uh, I graduated from college, all my friends were going and getting jobs and I thought to myself, well, there’s never gonna be a better time in my life to travel. So me and another buddy spent six months traveling in Australia. I never regretted any of that time, spent that money spent, which I really didn’t have to spend. I mean, I probably spent, you know, the majority of my savings. I remember working as the server to save money for this trip. And I don’t regret that. I would say that like for my own kids, I’m now saving, uh, profit in my companies to be their, uh, benefactor, if you will, for them to take a gap year and travel because there will never be a better time in their life when they have the trifecta of life.

You want to have money, health, and time. Right. What happens is in, you know, so when you’re young, you only get two of them. You only have health and time. Mm-hmm. <affirmative>. So if I can provide the money for them even great. Uh, and now that I’m middle aged, I’ve, you know, and my kids are older now, I do have the trifecta. And so I am planning on traveling around the world and uh, and doing those things and working and traveling and, and having the experiences and those memory dividends that pay off day in and day out. Because I know I only have a certain period of time when I get to be 60, 70. Who knows? Um, I’m gonna be in my slow years and then when I’m at my parents’ age, I might be in my no-go years. Right. So for me, now is really the time that I wanna be investing my money into these experiences and not just growing my wealth just to grow wealth. Yeah. Like what’s, I mean, you know, so, you know, there’s, we got that limited period of time.

David Richter:

No, I think that’s great cuz no matter where you are listening to this podcast, no matter what age you are, now’s a good time to start. You know, like to with that mindset of where are you right now, can you listen to people like Mark, like you mentioned Mark, about getting a mentor. Like, do you need a mentor right now to get you there faster so that way you don’t, you know, have less time of your, you know, the time, health and wealth, you know? So like if your time is dwindling, do you need some things that will boost you along the way? Or if you’re young too, you know, like, do you wanna shorten the years, you know, like for that of where you are now? So I absolutely love that resonate with that very greatly. And I think a lot of other people will too, because at different points in our life, we, we are lacking usually one of those things, you know?

So that’s where, uh, if you can get those things as fast as possible from good people like Mar and others that teach you certain aspects of this, of that trifecta and that triangle, you know, the health, the wealth and the time, then that’s where take it in, soak it up. That was so good. This is so good. I love that, you know, wanting to pass that on now. I would, I would say that you are a successful real estate investor. You’re making an impact. You’ve got a good, a great podcast. You’re, you know, you are making a difference in other people’s lives. What would you say is one key to your success up until this point?

Mark Podolsky:

I, think it’s just that purpose of knowing every single day that this is, this is my why in life, which is to help people get out of what I call solo economic dependency. Which means if they’re not personally working, they’re not making any money. So I like to pick on a Dentist, like if a dentist’s hands aren’t in somebody’s mouth, that dentist isn’t generating any revenue, right? And so anyone who’s trading, you know, hours for dollars has so economic dependency. But once our passive income exceeds our fixed expenses and we’re working because we want to, not because we have to, we have that time to really move up Maslow’s hierarchy of needs into self-actualization and figure out what we really wanna do in life. What’s really our true purpose, what do we love? And so many people are spending so much of their days and their life energy on this thing called money that doesn’t fulfill them, doesn’t light them up, isn’t their true purpose. And, um, as my mom likes to say, this isn’t a dress rehearsal. Yeah. You have a shot at this.

David Richter :

Yeah. I like to say profit unlocks your purpose, you know, it does, it gives you more of what you’re doing. And it doesn’t say that you need profit to be, have a purpose or like to do what you can right now. It just unlocks more of what you can do. So that’s where I, you know, yesterday I was on a different podcast and someone said, you know, real estate is the thing to get me to the thing, you know, it’s a vehicle, you know, to help us get to that point. And I love that you mentioned Maslow’s Hierarchy of needs. It’s like that’s, if we start working on those core foundational pieces, we’re going to be elevated to the highest potential that we have as a human being. So, absolutely love that. I think that’s a huge key to success if you are listening to this right now. Rewind that. Like, that was good. That was, that was a good minute and a half there of him just telling what his success has been up to this point. And I think that that point there is for everyone, everyone has to have that purpose and you have to hold onto it in the hard times, in the good times, no matter where you are. So, man, that was, that was really good stuff. So just have a couple last questions here. What is the hardest lesson you’ve learned in your real estate investing career?

Mark Podolsky:

Um, humility.

Hmm. Humility. I, because I remember again, from 2001 to 2008, no mentor thought I was the smartest person in the room, and certainly I wasn’t. And, uh, I wasn’t using, you know, profit first. Yeah. And so once you get a kick in the head like I got, and you become humbled, that lesson stays with you. And you realize as you evolve as a person and a business person that, you know, don’t really know anything, I mean, I admit I don’t know anything about anything. Right. Right. So I, you know, to just constantly every day have  beginner’s mind and be open to learning and growing and trying new things. Because if I wouldn’t have implemented profit first in 2005, what do I need it for? I’m doing just fine. Right. And so I think humility is, is really the big one

David Richter:

For me. Wow. Yeah. <laugh> that is really good. And at different points in our life, I think we need to hear that lesson. And I think obviously that is a, that is a foundational to, as a human being. And I think what you said there was huge, that profit first, you know, would’ve never thought of that 2005, but now it’s key because of the growth journey you took on your path. That’s why I’m so passionate. If you were listening to this right now, no matter where you are, don’t be discouraged. Like people have been in worse positions than wherever you are right now. They’ve been in better positions and there’s people there that you can look to and don’t let that stop you from, you know, like, don’t let where you are right now, stop you from where you can be. Okay. So another question, and then I’ve only got one more after this. So what advice, just general advice, would you give the real estate investing community listening to the podcast?

Mark Podolsky:

I always love to give this, uh, Zig Zigler quote, if you’ll do for the next three to five years, what other people won’t do, you’ll be able to do for the rest of your life what other people can’t do.

David Richter :

Hmm.

Mark Podolsky:

So that would be my advice is, uh, build that bridge. And so many people I see that wanna become real estate investors, they pick a niche. Let’s say they wanna be a landlords, they should start doing it. And then they’re like, they go to another podcast, they’re like, oh wait, no, I wanna do shorter term rentals. And so they never, you know, build that bridge and get to the other side of what they really wanna accomplish. So I would say having that grit and that sticktoitiveness to do one thing for the next three to five years will allow you that freedom to do whatever you wanna do for the rest of your

David Richter:

Life. Man, that is, that is so good because just think, I mean, even if you’re 60 and listening to this podcast and you think, oh man, I’m just getting into real estate three to five years, when do most people retire around 65? Like, you can make it, you can do it. Like, there’s been people that have done it in that amount of time to get outta their rat race. So I don’t care if you’re 60 or 16, you know, that’s where listening to good people, listening to good podcasts, getting that education, you know, and I love that three to five years, then you can live like other people can’t. And you know, and that’s usually by helping a lot of people on the way too. So you’re gonna make a huge impact on either sellers, buyers, investors, lenders, friends, family that see your growth and your change.

So that is, that is really good stuff. And it is, it’s usually three to five years I’ve got a good mentor that says, hustle is a season not a lifestyle. So you shouldn’t be doing, you know, like if you don’t want to go 20, 30, 40 years of hustling, grinding, you know, it doesn’t have to be that way either. So, and that’s what another big reason why I like Profit first. You know, put first things first. If that’s your family and you’re growing a family, then you probably don’t wanna be away 80 hours a week, you know? And unless your family drives you nuts, then I get it. Just kidding. So that’s where you wanna make sure you’re doing what you can to put the first things first. I absolutely love that. Mark, this has been awesome. You gave us a lot of great info on, and a lot of raw info too about the financial insecurity and how that has played into, you know, like where you word versus now with Profit First and where you’ve come to.

You know, I love that statement. You’ll never be enough until you know that you’re enough. And that was, that was incredible. That touched me just where you’re coming from there because anyone, anyone listening to the podcast has probably had those feelings or has them right now, how fear has stopped people. I loved how you said to mentorship, you know, if someone’s been where you want to be, that’s usually the fastest way to get there. You’ve dropped a lot of great knowledge here. So I wanted to ask you my final question. Is there any way our listeners can provide value back to you? Talk about what you’ve got going on, you’ve got a podcast, you’ve got mentorship, you’ve got, you know, your business and, you know, how can people connect with you and how can they find you and how can they provide value back?

Mark Podolsky:

Yeah, I mean, I got a lot of stuff. I think the best place to start is probably just the landgeek.com Awesome. About landgeek.com,

David Richter :

The landgeek.com. So that’s probably one-stop shop that you can go down a rabbit hole and find the other things that Mark is doing and whatnot too. And, uh, is your podcast there as well, a link to your podcast at Yeah,

Mark Podolsky:

The Art Passive Income Podcast is there as well. Uh, you can get the book Dirt Rich, uh, as well on there. And, uh, there’s free courses. There’s a lot of free education, so it’s a great place to get started.

David Richter :

It’s a great place to get started. So go there. And I really appreciate Mark, I’ve really appreciated having you on this podcast. I think you’ve dropped a lot of knowledge and really, really am love when whenever someone takes Profit First and runs with it and has it implemented successfully and is living by it and still, you know, is still using it in their business for what they need. So thank you so much for being on today.

Mark Podolsky:

Thanks David. Appreciate it.

David Richter :

So, I wanted to say, if you’re a real estate investor who is tired of Living Deal to deal, like we talked about with Market, the beginning of, you know, like why we think most people do, you wanna double your profits, you wanna actually have profits like Mark’s favorite bank account, the profit account, go to simple CFO solutions.com. That’s where you can click the schedule a call button and schedule a call with our team to see if we’re, if we’re a solution for you can get you across that goal line, or if we’ve got someone in our network that we pin you to, whether it’s you need the sales or acquisitions or whatnot, or if you wanna learn about land and you need to be connected with Mark, we wanna make sure we have that call with you to get you where you want to be. So simplecfosolutions.com. Thank you so much for listening. I appreciate you. You could listen to a lot of different podcasts, but you wanted to learn more about Profit First for your business and how that can help you. So I really appreciate that. Remember, if you’re listening, 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.

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