Profit first lessons from the owner of Stellar Realty Investments and an Air Force engineer, Scott Carlin

We’ve heard the benefits of applying Profit First and how it can change the way you manage your money for the better, but not about what it can do for you when you start using it from the very beginning.

Our guest today is Scott Carlin, an Air Force engineer, realtor, real estate investor, and the owner of Stellar Realty Investments. He is also a big believer in the Profit First method and has seen firsthand how it has impacted his business.

In this episode, Scott discusses how the Profit First method has helped him set up a system to achieve his goals while still having money for marketing and other expenses! Whether you’re a new or seasoned investor, you’re getting value either way. Tune in!

Key Takeaways:

[00:46] Introducing Scott Carlin
[03:34] On Joining a Mastermind
[05:50] On Getting Five Deals Within His First Few Months of Wholesaling
[08:55] On Learning About Proft First
[11:16] On His Current Deals and What Got Him Into Wholesaling
[13:15] On Scaling His Business and Transitioning to Real Estate Full-Time
[15:13] Scott’s Advice for New Investors: Join a Mastermind
[17:21] On the Importance of Knowing Where Your Money is Going
[19:43] What is Scott Doing With His Profit Money?
[21:22] Scott’s Keys to Success
[24:51] More Advice From Scott: Go to Flip Hacking Live
[25:30] Connect With Scott


[15:22] “Join a mastermind…What made me take action was joining a group and getting a coach.”
[17:21] “Cashflow—they don't know where their money's going. Like I had originally before Profit First, they just had just everything in one account. And I didn't want to do anything with it, because I wasn't really sure how much money I could scale up.”
[21:56] “I have a lot of the things that I've learned in the Air Force. It’s…directly been beneficial in my real estate career…[The] dedication, persistence, leadership. My ability to focus.”

Connect with Scott:


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