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 541: How to Protect Your Business & Your Legacy

April 12, 2022

“You could lose everything if you get this wrong.” A lot of real estate investors and entrepreneurs, myself included, don’t pay enough attention to the “legal” details of running a business. And that’s a serious problem…

Full Episode >

7FF 540: How to Stay on Top as the Market Changes (With Aaron Norris)

April 7, 2022

With the market changing, interest rates rising, and talk of a recession coming, there’s one question every real estate investor SHOULD be asking right now… “How can I take advantage of these market changes?”

Full Episode >

7FF 538: If I Had to Start Over Again, What Would I Do Differently?

March 31, 2022

Someone asked me this question yesterday… “If you could go back and start your real estate investing journey again with the skills and knowledge you have now, what would you do differently?”

Full Episode >

7FF 537: Why I Sold My Last Rental Property

March 29, 2022

I just sold my last rental property. Why did I sell it, and what am I doing with the money? Here’s the whole story…

Full Episode >

7FF 536: Is Bullying in Schools Getting Worse?

March 24, 2022

This episode has nothing to do with real estate, except that it’s about life and family and the society we’re raising our children in—and those things are why we do real estate in the first place.

Full Episode >

7FF 535: How to Raise Private Money (Even if You Think You Can’t)

March 22, 2022

When I started walking into seller appointments KNOWING the money was already lined up for the deal… knowing I could easily close on time… it changed EVERYTHING…

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.