Podcasts about no flipping excuses

David Richter is the author of Profit First for Real Estate Investors and founder of Simple CFO, a company built to help real estate investors get control of their cash flow, pay themselves consistently, and stop living deal to deal. He spent nearly a decade inside a real estate business that scaled to 25 wholesale deals a month, where he eventually took the finance seat, only to discover they were spending more than they were making — and that nearly everyone around them was in the same boat.In this featured episode, David joins Jason Lucchesi on the No Flipping Excuses show to walk through the exact financial foundation every investor needs from their first deal forward. From the Golden Trio bank accounts to finding your keep number to what clean financials actually look like to a lender, this conversation gives real estate investors a clear, no-excuse starting point for building a profitable business.This is a practical, straight-talk episode for investors at every stage — whether you're still waiting on deal one or you're ten years in and still chasing your tail. If you've ever wondered where your money goes after a deal closes, or why more deals aren't translating to more personal wealth, this is the episode that answers it.David's core message is simple: real estate is the vehicle, but money is the game. And most investors don't know the rules. This conversation gives you the foundation to start playing it right.Episode Highlights[0:26] – David teases the episode: $25 deals a month while going broke, the Golden Trio accounts, and the keep number framework[1:13] – Jason Lucchesi opens the No Flipping Excuses interview and introduces David Richter[3:16] – David's origin story: started in real estate at 19 after reading Rich Dad Poor Dad, joined a team doing 5 wholesale deals a month and helped scale it to 800+ total deals[4:35] – How David ended up in the finance seat with zero accounting background, and what he learned sitting down with the CPA to understand profit, loss, and cash flow[5:14] – The wake-up call: doing $25 deals a month but spending $26 worth out the door — and realizing at masterminds that this was an industry-wide problem[7:07] – Why Gary Harper's recommendation of Profit First hit David so hard, and how it led him to partner with Mike Michalowicz on a real estate-specific edition[9:31] – Why the classic "pay yourself first" advice from Rich Dad and The Richest Man in Babylon always stopped short — and what Profit First does differently[12:09] – The #1 mistake most investors make: the single "black hole" account where all money comes in and disappears, with every decision based solely on the balance[13:52] – Introducing the Golden Trio: profit, owner's comp, and owner's tax accounts — and why even 1% into each is enough to start breaking the deal-to-deal cycle[15:31] – Why Relay Bank partnered with Profit First and how to open up to 20 accounts for free to implement the system right now[21:23] – How to figure out realistic starting percentages, why 1% beats 0%, and when to begin ramping toward the recommended targets based on your revenue range[24:10] – The lender advantage: why having clean, structured financials and visible reserves makes you far more attractive for financing on rentals and portfolio growth[26:35] – Role play: two investors walk into a bank — one sloppy, one Profit First-style — and what actually happens in underwriting[29:49] – Finding your keep number: how one investor lost $70,000 in 2019, found his number, and realized he only needed five deals in 2020 to hit his goal[35:10] – David's two book recommendations: Crucial Conversations (for life, marriage, and leadership) and Fix This Next by Mike Michalowicz (for diagnosing your business stage)5 Key TakeawaysThe single bank account is the root problem. Most investors run their entire business out of one account and make every spending decision based on the balance. Splitting into multiple named accounts creates instant clarity about what money is yours, what belongs to taxes, and what's actually available to invest.Start with the Golden Trio, not a perfect system. Profit, owner's comp, and owner's tax accounts are the three that matter most first. Even putting 1% into each from every deal builds the habit and keeps you from sending everything out the back end of your business.The Hope and Pray plan is not a strategy. Hoping a deal closes before payroll is due isn't business management, it's survival mode. Knowing your keep number — the actual monthly amount you need to take home — replaces hope with a real target and changes how you size deals, marketing spend, and growth.More deals don't fix a broken system. Scaling a business that loses money on cash flow just creates bigger losses at higher volume. Getting the financial foundation right at five deals a month means you're actually building something — not just generating more chaos with more zeros.Clean financials make you a better borrower. Lenders look at reserves, structure, and cash management. Investors running Profit First-style accounts with visible cash buffers get better terms, faster approvals, and more lender interest than operators with sloppy books, regardless of how many deals they've closed.Links & ResourcesProfit First for Real Estate Investors (free copy) — https://www.simplecfo.com/giftSimple CFO (book, podcast, and discovery call) — https://www.simplecfo.comRelay Bank (Profit First-friendly banking, up to 20 free accounts) — https://www.relay.comProfit First by Mike Michalowicz — available on Audible and AmazonCrucial Conversations by Kerry Patterson et al. — available on Audible and AmazonFix This Next by Mike Michalowicz — available on Audible and AmazonRich Dad Poor Dad by Robert Kiyosaki — referenced by David as the book that started it allClosing RemarkIf this episode gave you a clearer picture of what your finances should actually look like, share it with an investor friend who's still running everything through one account. The Golden Trio is a simple starting point anyone can implement this week, and it might be the most impactful hour they spend on their business all year. Subscribe, review, and share the show — and if you're ready to get your numbers dialed in, visit https://www.simplecfo.com to book your free discovery call today.

Today I sit down with a self-made man who has learned by going through the struggle to get to where he is today, Jason Lucchesi! Jason started off in real estate as a loan officer in 2002 and founded his own company, No Flipping Excuses, in 2008. He has created an entire mindset around real estate and works with people as people, not dollars. Listen in! 

Dealing with probates and tax delinquents requires a little bit of care and finesse, which Jason Lucchesi from No Flipping Excuses, is happy to provide. He opens up about all of his tips for chasing down leads in this podcast, and how to navigate the difficult conversations you have to have with people as they're dealing with the loss of a loved one, or losing their home. Marketing himself to folks with quit claim deed, AOD, or deeds with the name “trust” on them are just a few of the ways that Jason finds probate leads. Most of the time these leads are older folks who are looking to downgrade from their big house after their partner has died. Jason's built a relationship with local attorneys who know he'll purchase a home quickly and fairly. Jason shares the tools he uses to purchase data, and he points out that in non-disclosure states, this information may not be online. Building relationships with elder care professionals and county clerks help him work around some of those limitations. Many times people who are selling off a house after death aren't just trying to sell the house; they want to sell the contents of the house too. So Jason's had to accommodate these kinds of sellers, but it's been surprisingly beneficial for him. Tax delinquencies are another tricky situation because many of these folks are on a fixed income with no hope of fixing their situation. Jason shares with me the kind of questions he asks them to determine if he can help them with tax assistance, the very stringent requirements of a tax payment plan, and how he helps homeowners find a better situation. You might have to navigate probates and tax delinquency deals with thoughtfulness, but the high-profit margins make them worth your time. What's Inside: —How you can use LinkedIn to find real estate investors, and the job titles you should search for. —How to handle tax delinquencies with a bankruptcy attached. —What to say to a bereaved spouse about selling the house. —Using county records to find tax delinquents. —How to handle tax delinquency with a mortgage attached. —The importance of building relationships with eldercare professionals.

Dealing with probates and tax delinquents requires a little bit of care and finesse, which Jason Lucchesi from No Flipping Excuses, is happy to provide. He opens up about all of his tips for chasing down leads in this podcast, and how to navigate the difficult conversations you have to have with people as they’re […]

Dealing with probates and tax delinquents requires a little bit of care and finesse, which Jason Lucchesi from No Flipping Excuses, is happy to provide. He opens up about all of his tips for chasing down leads in this podcast, and how to navigate the difficult conversations you have to have with people as they’re dealing with the loss of a loved one, or losing their home. Marketing himself to folks with quit claim deed, AOD, or deeds with the name “trust” on them are just a few of the ways that Jason finds probate leads. Most of the time these leads are older folks who are looking to downgrade from their big house after their partner has died. Jason’s built a relationship with local attorneys who know he’ll purchase a home quickly and fairly. Jason shares the tools he uses to purchase data, and he points out that in non-disclosure states, this information may not be online. Building relationships with elder care professionals and county clerks help him work around some of those limitations. Many times people who are selling off a house after death aren’t just trying to sell the house; they want to sell the contents of the house too. So Jason’s had to accommodate these kinds of sellers, but it’s been surprisingly beneficial for him. Tax delinquencies are another tricky situation because many of these folks are on a fixed income with no hope of fixing their situation. Jason shares with me the kind of questions he asks them to determine if he can help them with tax assistance, the very stringent requirements of a tax payment plan, and how he helps homeowners find a better situation. You might have to navigate probates and tax delinquency deals with thoughtfulness, but the high-profit margins make them worth your time. What’s Inside: —How you can use LinkedIn to find real estate investors, and the job titles you should search for. —How to handle tax delinquencies with a bankruptcy attached. —What to say to a bereaved spouse about selling the house. —Using county records to find tax delinquents. —How to handle tax delinquency with a mortgage attached. —The importance of building relationships with eldercare professionals.

Our guest, Jason Lucchesi, has done it all when it comes to real estate and today he shares his extensive expertise and tell us which strategies make the most sense. Jason has been enjoying a successful career in the real estate industry since 2002 when he started as a loan officer for the Illinois bank brokerage Bancgroup Mortgage. In 2004 Jason joined the management team at Countrywide Home Loans which ultimately lead him to become a full-time entrepreneur in 2008 when he founded his real estate investment company, Global Fortune Solutions. Skip forward to today, Jason is a real estate coach and mentor. He works directly with hedge funds and does everything, including: Pre-foreclosures, foreclosures, short sales and REOs Non-performing and performing notes Bulk packages Wholesaling residential and commercial properties Rehabs Apartment buildings Income producing properties Lease options Self-storage facilities He also has No Flipping Excuses… podcast that is. As well as a book titled, Right Flipping Now. Jason talks about the transition going from being an employee to entrepreneurship and why there is no aspect of real estate he wouldn't do, as long as it made sense. Plus, find out: Advice for his younger self The worst advice he's seen given in his area of expertise What he believes is wise that other people think is crazy Strategy ratios And, so much more! Get ready to talk real estate that makes sense with Jason Lucchesi on today's episode of the Art of Passive Income! TIP OF THE WEEK Mark: Click Here to get a free step-by-step blueprint on how to flip probate properties! Scott: Check out EmailTuna.com—a great ninja marketing tool that stores pesky emails. You can go in there and search or look at designs & offers. Do competitive research and see what's trending. Jason: For those looking for cash buyers or investors, there's a free site called Section8.com that has current available listings anywhere you want across the country. There's a pop with 65% of the time the landlord's phone #.  You can either buy property from those landlords or they can be your cash buyers and eventually turn them into your private money lenders. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Have you wanted to learn more about investing in rental properties but not sure where to begin? Jason Lucchesi brings Dustin Heiner to the No Flipping Excuses show to talk about how he was able to quit his job through building a huge rental portfolio. Real Estate Investing is about creating a lifestyle business, where Dustin is now allows him to take 6 month vacations with his family across the globe whenever he feels like it, but it wasn't an easy journey. Why is CASH so important with rentals, find out how he built up his buying power on all his rentals.   And one AMAZING fact…   Why this Buy & Hold investor LOVES working with wholesalers!     

www.investorfuse.com  Jason is the CEO of No Flipping Excuses and real estate investment company Global Fortune Solutions. Jason has been a full-time real estate since 2008, and has been involved in well over $250,000,000 in closed transactions. On this episode, we discuss how to find off-market properties through banks, credit unions, and hedge funds using LinkedIn.  Visit Jason at: http://www.jasonlucchesi.com/    

EP62: How to build a virtual real estate investing business in tough markets  Jason Lucchesi brings Paul Del Pozo to The No Flipping Excuses show and what they are going to talk about today will help you grow your business into a HUGE 2019!!! What you will learn: - How Paul started off door knocking to get his first deal - How he branded himself using what he loved - How he built his network and used it to create a virtual business - and so much more... Todays Book Recommendation:

The unemployment rate announced Friday (3.7%) is the lowest since December 1969! Rates may be heading upwards, but the economic outlook remains positive. Watch On Facebook We have the GM of Berkshire Hathaway HomeServices northwest Indiana Craig Frendling on providing a market update and his predictions as we barrel towards year-end. Jason Lucchesi, founder of No Flipping Excuses joins us later to discuss current opportunity in today's market along with predictions for the future. Finally, Ryan Siebert CEO of SGHomeBuilders enters the fray to discuss rehabbing and upgrading your home whether it's just to get ready for sale or for you to actually live-in and enjoy. Call 312-896-2100 or visit Townstone.com after the show to get in touch with any of our experts.

The unemployment rate announced Friday (3.7%) is the lowest since December 1969! Rates may be heading upwards, but the economic outlook remains positive. Watch On Facebook We have the GM of Berkshire Hathaway HomeServices northwest Indiana Craig Frendling on providing a market update and his predictions as we barrel towards year-end. Jason Lucchesi, founder of No Flipping Excuses joins us later to discuss current opportunity in today's market along with predictions for the future. Finally, Ryan Siebert CEO of SGHomeBuilders enters the fray to discuss rehabbing and upgrading your home whether it's just to get ready for sale or for you to actually live-in and enjoy. Call 312-896-2100 or visit Townstone.com after the show to get in touch with any of our experts.

Happy New Years Everyone!!! We are going to start 2019 with an EXCITING episode of the No Flipping Excuses show! FLIPPING YOUR FIRST REAL ESTATE DEAL WHILE STILL IN SCHOOL WITH NO MONEY AND NO CREDIT - WITH Jaelin White : World's Youngest Real Estate Investor Jaelin flipped his first deal and made a $12,000 check while still in high school Find out how a free seminar changed his life and how he did that first deal with no money or credit and still in school What you will learn: - What steps is he currently taking to grow his business - How does he divide out the roles and tasks in his business - How to do deals outside of your area (NEVER USING THE MLS) - and so much more... Todays Book Recommendations:

Visit ToughDecisions.net for complete show notes of each podcast episode. In this episode we interview Jason Lucchesi, the #1 bestselling author and host of the hit iTunes podcast, The No Flipping Excuses show. Listen as he takes us through his journey — why and how he got started in real estate during recession, the tough […]

Visit ToughDecisions.net for complete show notes of each podcast episode. In this episode we interview Jason Lucchesi, the #1 bestselling author and host of the hit iTunes podcast, The No Flipping Excuses show. Listen as he takes us through his journey — why and how he got started in real estate during recession, the tough decisions he faced that time, and the tough decisions he’s going through with the cyclical market right now.

Jason Lucchesi is a real estate investor in Indianapolis, Indiana who primarily wholesales but also does fix and flips and rental properties. He is the host of The No Flipping Excuses podcast and also hosts nationwide training workshops for newer investors. In this interview, we discuss how a newer wholesaler can get started and generate business with zero money. Jason and I even role play a conversation to have with an experienced cash buyer!

Would things change for you if you could get an extra $9,000 into your pocket within the next 30 days? You will be in a better position from where you are right now for an extra $9,000, the one catch is no flipping excuses. Jason Lucchesi shares insights on how to get cheap houses from banks, institutions that no one knows about. Because investors keep chasing the same old deals, using the same old methods, they've developed a Plan B and even an exit strategy even before they even pull through with Plan A. He advises investors to give it enough time to go with a strategy and not have any excuses to fail because it's going to pay off. Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest