7FF 778: Why You Need to Track “Burn Rate” (Avoid This $10k Mistake)

April 8, 2025

About This Episode

Today’s episode of the 7 Figure Flipping podcast could save you tens of thousands of dollars.

A lot of house flippers have no idea if they’re profitable.

I sat down with Sam and Will from Auxilee Bookkeeping to talk about why this is…

And they shared the most important financial metric every investor should track—burn rate.

If you’re ready to stop guessing and start growing, the first thing to do is clean up your books.

I started working with Auxilee Bookkeeping because I felt like I couldn’t keep track of cash flow…

…and since bringing them aboard, I now have perfect clarity on where my money is going and how much I’m going to keep each month. (So I can make strategic decisions about what projects to take on, when to scale up, and how to reduce expenses.)

Getting your books SOLID is crucial to making consistent income in this business.

And Auxilee makes it super simple.

If you’re serious about scaling your real estate operation…

(Or even just making a profit at all)...

…then click here to check out Auxilee Bookkeeping. >>

Catch you on the flip side!

Free Resources / Downloads

5F Framework

A business framework that creates consistency within your flipping business by giving you a tested roadmap to building real estate wealth.
5 Proven Steps to Build Active and Passive Income in Real Estate (FREE!)

Get Access Now

Freedom Number Calculator

The 2-Minute Exercise That Shows You Exactly How to Build Toward Your Life of Freedom.This quick (and powerful) quiz will help you calculate exactly how many deals you need to support your ideal lifestyle and how close you already are. Most investors don’t fail from lack of effort, they fail from lack of direction. No guesswork. No fluff. Just a clear target—and a plan to make it real.

Get Access Now

Adam Whitney’s Seller Call Script

Use the same script Adam uses while on the phone with sellers

Get Access Now

Off-Market Deals on Demand

Get the UltimateOFF-MARKET DEALS Starter Pack...For FREE! Niche lists, seller strategies, a hyper-local market tracker, and a bonus!

Get Access Now

Grow Your House Flipping / Wholesaling Business WITHOUT Guesswork or Trial-and-Error

Find out EXACTLY what you need to be working on TODAY to do more deals, make more money, and free up your time.

Explore More Episodes...

7FF 768: This 1 Thing is Holding You Back From Success

March 3, 2025

Most people avoid the one thing that could make the biggest impact on their goals. Sam Scapellato shares his journey of overcoming discomfort, building accountability, and taking massive action to grow his real estate business.

Full Episode >

7FF 767: Top 5 Reasons House Flippers FAIL

February 27, 2025

Are you making any of these mistakes??? Here are the top 5 reasons house flippers fail… and how to AVOID making the same mistakes yourself. (This is IMPORTANT… if you’re guilty of any of these, you could be setting yourself up to lose money)...

Full Episode >

7FF 766: This 1 Sentence Could Make You MILLIONS

February 21, 2025

My guest today is Hollywood screenwriter Michael Hauge. This guy's been teaching Hollywood's elite about storytelling for 40+ years. He’s discovered that the same principles that make a $100M movie work can help real estate investors close more deals.

Full Episode >

7FF 765: Getting Into Real Estate With Your Spouse? Do THIS…

February 13, 2025

Husband-and-wife real estate team JP Fluellen and Dr. Sheri Fluellen give an insider look into working with your partner. This is a “don’t miss” episode if you’re considering going into business with your significant other!

Full Episode >

7FF 764: Our Members Helped 11,000 People Last Year (Profit + Purpose)

February 7, 2025

The 7 Figure Foundation director, Katie Thompson, reveals how real estate investors are changing lives building homes, providing clean water, and creating a lasting impact for thousands of people.

Full Episode >

7FF 763: $370,000 of Private Capital Raised in 5 Days

February 4, 2025

I just attended Bill Allen’s 5 Day Flip Funding Challenge, and it was incredible. (I raised $370,000 of private capital in 5 days using what he taught.) So I figured I would jump on the podcast and share my own experience of going through this challenge

Full Episode >

Ready to Build a Business That Finally Works?

Ready to find your tribe?

Don’t stay stuck in chaos or settle for another year of inconsistency. Join a serious community of operators who are building businesses that matter. This is your moment.

Click below and we’ll help you determine which program is the best fit for you.