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...

Virtual Flipping Part 3: How to Sell Your Flips for Top Dollar From a Distance

April 7, 2021

If you’re flipping houses remotely and you can’t walk through the properties yourself, how do you list, stage, and sell them? I’m talking with realtor / house flipper and 7 Figure Altitude Member, Therese Anderson, about this today, and she has some great tips to maximize your sales price. In this episode, we break down 14 things you need to know to sell your houses for top dollar. Therese’s experience as an agent and a flipper in multiple markets gives her some awesome insights into how to maximize your sales prices even if you’re flipping from a distance without seeing the houses yourself. Listen in now!

Full Episode >

Virtual Flipping Part 2: Managing Contractors and Completing Renovations Remotely

April 2, 2021

Virtual Flipping Part 2: Managing Contractors and Completing Renovations Remotely

Full Episode >

Virtual Flipping Part 1: Analyzing Deals & Buying Houses Remotely

March 31, 2021

Virtual Flipping Part 1: Analyzing Deals & Buying Houses Remotely

Full Episode >

What I Learned Camping in the Freezing Cold

March 25, 2021

What I Learned Camping in the Freezing Cold

Full Episode >

They Put a Camera Inside My Son's Heart

March 24, 2021

They Put a Camera Inside My Son's Heart

Full Episode >

Multifamily Real Estate Secrets

March 16, 2021

Multifamily Real Estate Secrets

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.