Replace Your Income: Recent Episodes
Kevin Clayson, Steve Earl
Are you ready to replace your income? Each week Kevin Clayson and Steve Earl, founders of Done For You Real Estate, will share how you can do that by playing real-life Moneyball. This isn't a "swing for the fences" approach to retirement, this is a conservative and proven approach that will have you repeatedly hitting singles in your retirement plan. Learn more at https://dfy-realestate.com/infographic
Property Management Is Secondary to Property Selection — But Still Critical
Choosing the right property manager is foundational.
They are your eyes and ears — especially if you invest at a distance.
A great property manager impacts:
- Tenant quality
- Leasing efficiency
- Maintenance costs
- Turnover management
- Eviction handling
- Long-term property condition
But even with a great manager…
Ownership still requires engagement.
Best Practice #1: Build a Relationship With the Boots on the Ground
If you're a DFY client working with Specialized Property Management (SPM), you have direct access to a dedicated asset manager.
Don’t wait for problems to connect.
- Call.
- Introduce yourself.
- Build rapport.
- Set expectations.
When you’re engaged, service improves.
Property managers perform better when they know the owner is paying attention.
Best Practice #2: Log Into Your Owner Portal
Every professional property manager has software that gives you access to:
- Income statements
- Expense registers
- Repair invoices
- Lease agreements
- Maintenance details
- Property management contracts
If you’ve never logged in, do it.
Technology can feel intimidating — but clarity creates confidence.
Best Practice #3: Perform a Quarterly Audit
This might be the highest ROI 15 minutes you’ll ever spend.
Steve shared how he once found a $289 plumbing charge that should have been billed to the tenant — not him.
That single oversight equaled an entire month of cash flow.
The lesson?
Mistakes happen.
Good companies fix them quickly.
But only if you catch them.
A simple quarterly review:
- Reinforces accountability
- Improves systems
- Strengthens relationships
- Protects your returns
Maintenance Isn’t a Problem — It’s Protection
Here’s a mindset shift:
Seeing maintenance activity means your property is being cared for.
No maintenance activity for long stretches?
That can mean deferred maintenance — which becomes expensive later.
Water damage. HVAC neglect. Small issues turning into major repairs.
A well-maintained property:
- Attracts better tenants
- Retains tenants longer
- Sells for more
- Preserves asset value
Maintenance is not the enemy. Neglect is.
Schedule Routine Property Inspections
At least annually — ideally every 6 months.
Inspection reports with photos provide:
- Peace of mind
- Visibility
- Tenant condition updates
- Early problem detection
No news is not automatically good news.
Radio silence can sometimes mean nobody is checking.
Perspective Is Everything
Two investors see the same repair invoice.
One thinks:
“Why did I buy this headache?”
The other thinks:
“My property is being protected. My tenant is being taken care of. My asset is being preserved.”
The difference isn’t math.
It’s mindset.
Real estate rewards long-term perspective and engaged ownership.
Key Takeaways
- Being hands-off doesn’t mean being disengaged.
- Trust your property manager — but verify.
- Quarterly audits can dramatically improve returns.
- Maintenance equals protection.
- Engagement strengthens your entire investment ecosystem.
Let’s keep stacking singles. ⚾
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👉 dfy-realestate.com
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Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
Why they call it “Investor-Specific Financing”
- DSCR is the official name, but the framing matters.
- Conventional loans are still great (30-year fixed, strong rates) but:
- More hoops
- More documentation
- More friction
- Harder for business owners / complex income situations
What a DSCR loan is (and how it works)
- Debt Service Coverage Ratio underwriting focuses on the property’s ability to cover its own debt.
- Core concept:
- If rent covers (or nearly covers) the payment, it can qualify.
- Kevin gives a simple example:
- Rent $2,000 vs payment $1,800 → qualifies
- Even near 1:1 can qualify depending on lender guidelines.
Why this is a big win for business owners (and “interesting financials”)
- Many clients have complicated tax returns and multiple income streams.
- Conventional underwriting can feel burdensome—even demeaning—because of how intensely it scrutinizes personal finances.
- DSCR simplifies the borrower experience because it’s not about W-2 income and DTI.
LLC ownership + personal guarantee (the “clean structure” part)
- A major feature: buy in the name of an LLC (no post-close quitclaim dance).
- Still typically personally guaranteed.
- Kevin’s line worth clipping:
- “You’re the personal guarantor, but a personal guarantee doesn’t mean personal liability is unlimited.”
Avoiding the conventional 10-loan limit
- Conventional financing has the well-known 10-financed-property ceiling (often managed by splitting between spouses).
- DSCR loans:
- Don’t take one of those “10 slots”
- Can allow investors to scale further (20–30 properties possible, with increasing qualification standards as portfolios grow)
Rates, fees, and prepayment penalties (January 2026 reality)
- Historically DSCR carried higher rates/fees.
- But in the current market (January 2026), they note:
- DSCR rates can be similar to conventional
- Common caveat:
- DSCR loans often have a prepayment penalty
- Not a big deal for long-term holders (they’re not planning to exit in 2 years).
Will it show up on personal credit?
- Steve explains:
- With some lenders, yes; with others, no.
- Strategic Lending knows how to route borrowers based on that preference.
- On default and credit impact:
- Steve’s understanding: typically it would not report like a standard personal mortgage—because the loan is made to the LLC secured by the property—though consequences still exist.
What you need to qualify (simple but not “wild west”)
- Kevin emphasizes: this is not 2006-style “stated income” chaos.
- Typical DSCR pre-approval items discussed:
- Credit application + credit pull
- Proof of assets / bank statements
- Existing mortgage statements for financed properties
- Reserves: at least 6 months PITI beyond purchase/closing funds
The “new era” Moneyball stance: more conservative by design
- Their direction going forward:
- Push toward 30% down DSCR strategy more often
- Aim for a better ownership experience (less outside cash needed for property “messiness”)
- Key philosophical point:
- This isn’t about maximizing leverage; it’s about maximizing staying power.
- Closing CTA
- Kevin invites listeners to reach out with questions and book a call:
- dfy-realestate.com (Book Call button)
- kevin@dfy-realestate.com
Subscribe to the Weekly Newsletter:Get weekly deals, market updates, blog posts, and more delivered straight to your inbox.
👉 Join the list here
Ready to Build Your Game Plan?Book a call with Kevin and see what your personalized real estate roadmap could look like.
👉 dfy-realestate.com
Connect With Us:Email Kevin directly: kevin@dfy-realestate.com
Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
- Why Episode 138 marks the return to live podcast conversations in 2026
- Revisiting Micro-Wins to Millions with fresh investor perspective
- Redfin’s “Great Housing Reset” and what it really means (no hype)
- Mortgage rates dipping into the low 6% range—and why psychology matters more than math
- The hidden cost of sitting on the sidelines during high-rate years
- DFY transaction volume from 2022–2025 and what the slowdown signals
- How investor action during uncertainty led to appreciation, cash flow, and refi opportunities
- Why affordability is improving without a major price drop
- Pent-up housing demand and the herd mentality effect
- Why rents declined—and why they’re poised to rise again
- Political pressure around affordability and why it benefits long-term owners
- The pendulum theory: fear, greed, and slow-moving real estate cycles
- Why early 2026 may be one of the best entry points before momentum builds
- How to access Micro-Wins to Millions (audio, digital, and video book)
- Where to find DFY’s 12 years of transparent transaction reports
- Why now is the time to review your game plan—not wait for headlines
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👉 Join the list here
Ready to Build Your Game Plan?Book a call with Kevin and see what your personalized real estate roadmap could look like.
👉 dfy-realestate.com
Connect With Us:Email Kevin directly: kevin@dfy-realestate.com
Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
Core theme: The power of one choice can reverberate through generations.
1) Making Ripples
- 4 a.m., early flight, tired and irritable.
- Kevin judges a woman based on her appearance.
- She quietly pays for his items anyway.
- Lesson: small kindness can create massive impact.
- The ripple effect multiplies every time the story is shared.
2) Who are your heroes?
- We default to celebrities… but they rarely change our personal lives.
- Real heroes are often people close to us:
- parents, mentors, teachers, neighbors, friends
- Eight-year-old girl calls her dad her hero:
- he picked her up, cleaned her scraped knee, cared for her
- Big idea: heroism is usually ordinary faithfulness.
3) Principle-based Capitalism
- A defense of capitalism rooted in:
- honesty, integrity, hard work, frugality, giving back
- Critique: “profit first no matter what” is a distortion of true capitalism.
- DFY grew faster when the focus shifted:
- from tracking numbers → to tracking people’s progress
- from transactions → to leaving people better off
- Principle-driven companies outlast founders; profit-only organizations crumble.
4) The Power of One Property
- One rental purchase impacts many:
- mortgage team, agents, title, property manager, tenant, seller, you
- And you can benefit most over time through:
- cash flow, appreciation, tax benefits, principal paydown
- Compounding concept:
- one can lead to two, two can lead to four, etc.
5) Proof Through Repetition
- Eric buys first property: January 2012
- Adds multiple properties that same year
- By 2019: nine properties
- Outcome: retired, traveling, living life on his terms while DFY handled the heavy lifting
6) Micro-Win Challenge to End The Book
- Don’t overcomplicate the first step:
- 10-minute workout
- 5 minutes with your kids
- write one sentence
- drink one extra glass of water
- say a 30-second prayer
- gather loose change and deposit it
- Final reminder: you are one decision away.
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Ready to Build Your Game Plan?Book a call with Kevin and see what your personalized real estate roadmap could look like.
👉 dfy-realestate.com
Connect With Us:Email Kevin directly: kevin@dfy-realestate.com
Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
Key Topics Covered:
- Why chasing money alone often leads to dissatisfaction
- Redefining success as economic independence, not net worth
- The Hawaiian Hobbit story and intentional living
- Micro-wins as the foundation of fulfillment and growth
- Why destinations without new horizons lead to regression
- The velocity of money explained through real estate
- Why traditional investments don’t multiply purchasing power
- How leverage, refinancing, and 1031 exchanges accelerate progress
- Income replacement vs. “being a millionaire”
- Portfolio refresh cycles (5–10 years) and avoiding stagnation
- Letting numbers—not emotion—drive buy, hold, and sell decisions
- Wise stewardship, tax advantages, and long-term planning
- Real estate as a vehicle for freedom, not just wealth
Memorable Takeaways:
- Success is a lifestyle that breeds fulfillment—not a checklist
- Growth is who we are; stagnation is the real enemy
- You don’t need a million dollars to live a rich life
- Freedom is the real dream behind most financial goals
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Ready to Build Your Game Plan?Book a call with Kevin and see what your personalized real estate roadmap could look like.
👉 dfy-realestate.com
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Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
The perfect time to act—especially in real estate—is not someday, not when things feel safer, and not when the headlines calm down. The perfect time is now.
Key Concepts Covered: The Power of the Present Moment + You can’t change the past. + You can’t control the future. + The only leverage point you have is today. * A Life-Changing Wake-Up Call + A tragic, personal story that reshaped the meaning of urgency, presence, and purpose. + A reminder that time is not promised—and delaying what matters most comes at a real cost. * The Three Degrees of Action + Inaction – Choosing comfort, avoidance, or procrastination (often rooted in fear). + Active Action – Lots of movement, preparation, and effort… but no meaningful results. + Productive Action – Focused, uncomfortable, results-driven behavior that actually creates change. * Why Active Action Can Be More Dangerous Than Inaction + It creates the illusion of progress. + When results don’t show up, people conclude: “Action doesn’t work.” * The “Do It Now” Philosophy + Inspired by W. Clement Stone, who built a billion-dollar empire one micro-win at a time. + Small, immediate actions compound into massive results. * The Real Estate Application + The best time to buy real estate was 20 years ago. + The second-best time is always today. + Market cycles change—principles don’t. * Market Myths, Fear, and Noise + Why advice from people with “teeny tiny pockets” should be filtered carefully. + Media fear vs. investor fundamentals. + The danger of waiting for perfect conditions. * Moneyball Proof Across Every Market* + 2008 crash + Post-recession recovery + COVID uncertainty + Post-pandemic normalization + In every cycle, principled investors who acted won.
Takeaway:If you’re waiting to feel ready, comfortable, or certain—you’ll be waiting forever. Progress begins when preparation turns into productive action.
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Ready to Build Your Game Plan?Book a call with Kevin and see what your personalized real estate roadmap could look like.
👉 dfy-realestate.com
Connect With Us:Email Kevin directly: kevin@dfy-realestate.com
Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
Takeaways
- Let experts do expert-level work for you.
- Investing in real estate makes you a business owner.
- Cost effectiveness should be viewed as strategic utilization.
- A successful business operates on the combined efforts of specialists.
- You can focus on what you do best.
- Trusting a team to manage your portfolio demands trust.
- Self-management often leads to higher costs in the long run.
- Property managers balance compassion and business interests.
- Managing your real estate investments is a full-time job.
- Every time you allow an expert to perform expert work, it's a micro win.
Subscribe to the Weekly Newsletter:Get weekly deals, market updates, blog posts, and more delivered straight to your inbox.
👉 Join the list here
Ready to Build Your Game Plan?Book a call with Kevin and see what your personalized real estate roadmap could look like.
👉 dfy-realestate.com
Connect With Us:Email Kevin directly: kevin@dfy-realestate.com
Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
- Kevin opens with a story about a magician using a penny, a toilet paper cannon, and a leaf blower to create an “impossible” trick.
- How the trick actually worked: palming the coin, using the toilet seat and TP storm as cover, and revealing the penny with initials “magically” on his tongue.
- Parallel to real estate: what looks like magic from the outside is actually hours of practice, failed attempts, and a precise formula executed consistently.
- Steve connects the idea to spiritual habits: showing up at church, praying, and keeping commitments—over half of success is simply showing up and honoring your commitments.
- How Kevin and Steve reverse-engineered their own wins and failures into the Moneyball Real Estate system and principles.
- Why single-family rentals (SFRs) are surprisingly liquid when bought in the right markets, at the right prices, with the right structure.
- Ways to access liquidity from SFRs:
- Selling into a large buyer pool
- Refinancing
- Using a HELOC
- Cash flow over time
- Introduction of the “magic number”:
- Input = total out-of-pocket investment
- Output = total profit on sale after 10 years (the magic number)
- Then converting that magic number into average annual ROI.
- Key expense-side numbers in the Moneyball analysis:
- Purchase price
- Loan amount
- Monthly PITI (principal, interest, taxes, insurance)
- Property management fees
- Vacancies and repairs
- Key income-side and growth numbers:
- Estimated monthly rent (data-driven from in-market managers)
- Rent growth assumptions (around ~3% annually)
- Multiple appreciation assumptions (3.5%, 5%, and “what if it’s higher?”)
- The Average Monthly Increase (AMI) as a favorite metric: turning a 10-year profit into a monthly “magic” benefit.
- Breaking down:
- Monthly cash flow
- Monthly principal reduction (tenants paying down your loan)
- Monthly depreciation/tax savings
- Combined into Monthly Combined Cash Increase.
- Why cap rate is included but not central to Moneyball-style decision making.
- The difference between:
- Cash-on-cash return (just cash flow)
- Combined cash-on-cash return (cash flow + principal paydown + tax savings).
- General rule-of-thumb targets for a purchase-worthy Moneyball property:
- Combined cash-on-cash return in the high single digits
- AMI over $700/month
- Annualized total return over 13%
- Total profit on sale over $100,000 after 10 years.
- Understanding P&L vs real performance:
- Why properties can show a loss on paper but still produce strong positive cash flow.
- The role of depreciation and amortized costs in creating tax losses.
- How DFY uses a hybrid statement to reconcile real cash flow with tax benefits.
- Emphasis on predictable, consistent, ethical investing:
- Buying conservatively priced SFRs
- Focusing on win–win deals for sellers, tenants, managers, and investors
- Using 1031 exchanges and refinances to grow instead of cashing out and killing the goose.
- Closing idea: There’s no cheat code or secret shortcut—just a clear formula anyone can follow if they’re willing to be patient, disciplined, and ethical.
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Ready to Build Your Game Plan?Book a call with Kevin and see what your personalized real estate roadmap could look like.
👉 dfy-realestate.com
Connect With Us:Email Kevin directly: kevin@dfy-realestate.com
Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
In this episode:
Steve shares the unbelievable story of his wife’s sudden heart attack during a mountain bike ride—and the surprising perspective of a young boy who noticed only the “awesome bike.”
Why perspective is a light switch you control, especially when the path toward your financial goals feels dark or overwhelming.
The conference room analogy that reframes how to approach your financial journey—with or without guidance.
How perspective directly influences market selection in real estate.
Why focusing on the right property matters more than falling in love with a geography.
A guided walk-through of the four major categories in DFY’s investment score:
Economics
Demographics
Geography
Investor Friendliness
Why fulfillment—not hustle, not comparison—is the real heartbeat of the Micro-Wins mindset.
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Ready to Build Your Game Plan?Book a call with Kevin and see what your personalized real estate roadmap could look like.
👉 dfy-realestate.com
Connect With Us:Email Kevin directly: kevin@dfy-realestate.com
Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
00:00 – 02:23 | Success is earned, not given & Kevin’s two careers
Kevin introduces Chapter 6 and the core principle: invisible moments culminate in visible results. He contrasts his complacent basketball years with his hyper-prepared speaking career to show how effort (or lack of it) shapes outcomes.
02:23 – 04:49 | The fallacy of “overnight success” & Jerry Rice’s grind
Kevin breaks down Jerry Rice’s legendary work ethic—offseason workouts, brutal conditioning, and extra reps—to show that what looks inevitable on Sundays was actually forged in private.
04:49 – 07:13 | Steph Curry: practice in private, rewarded in public
Steph Curry’s story illustrates micro wins in numbers: millions of practice shots vs. thousands of made threes in games. Kevin shows how only a tiny fraction of effort is ever seen, but all of it is required.
07:13 – 09:36 | The cost of success & DFY’s invisible work (Steve’s segment)
Steve shares his daughter’s hockey journey—sacrifice, focus, and relocating for opportunity. He ties it to DFY, explaining how years of unseen work, failed attempts, and refinement sit behind the “simple” experience clients see today.
09:36 – 11:53 | Real estate application: purchase-worthy properties vs. “good deals”
Kevin transitions the principle into real estate. Success in investing is built on continual, quiet, expert effort to find purchase-worthy properties—not on flashy “deals” or lucky breaks.
11:53 – 14:15 | Myth #1: Price alone doesn’t make a good deal
He debunks the idea that “cheap = good.” Kevin walks through low-price, high-headache properties and high-price, high-risk ones, emphasizing that stress, time, and tenant issues must be part of the equation—not just numbers on paper.
14:15 – 16:34 | Myth #2: Instant equity and the “you make your money when you buy” mantra
Kevin dismantles instant equity as a universal goal, explaining that the “discount” often shows up later as rehab costs, time, or risk. He explains why flipping is a different game and not aligned with Moneyball’s consistent singles strategy.
16:34 – 21:22 | Myth #3: Cap rate as the ultimate metric
He breaks down what cap rate really measures, how it can actually go down as values go up, and why relying on it as a be-all-end-all metric is dangerous—especially when you’re using leverage.
21:22 – 26:08 | Myth #4: Cash flow & the 1% rule in changing markets
Kevin explains the 1% rule, then shows how it was born in a very specific post-2008 context. He uses a 10-year example to illustrate how strict cash-flow rules could make investors walk right past six-figure opportunities.
23:44 – 28:34 | Rethinking negative cash flow as retirement funding
He reframes a small monthly shortfall as an intentional contribution to a long-term wealth-building vehicle. Negative cash flow becomes a strategic “retirement payment” into an appreciating, debt-paydown asset.
26:08 – 30:57 | The Moneyball approach: purchase-worthy > “good deal”
Kevin introduces Moneyball Real Estate’s core lens: focus on high-demand, middle-class neighborhoods and properties that are easy to own and manage. He defines “purchase-worthy” properties and explains why market value, not just appraised value, matters.
30:57 – 33:21 | The ideal Moneyball property & tenant profile
He outlines the target property type (3–4 beds, 2 baths, 2-car garage, middle-income areas near amenities) and why property managers love this sweet spot. It attracts stable tenants and keeps headaches low—key to long-term success.
33:21 – End | Idea summary & micro-win action steps
Kevin recaps the chapter’s core ideas and offers three micro-win challenges: recognize your own invisible progress, upgrade how you define a “good deal,” and start identifying high-demand, low-supply opportunities that align with the Moneyball mindset.
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👉 dfy-realestate.com
Connect With Us:Email Kevin directly: kevin@dfy-realestate.com
Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
00:00 – Success Mapping & The Principle
“Always start where you are.” Success as process, not destination.
01:00 – Viktor Frankl’s Lens
Don’t aim at success; let it ensue from dedication to a cause greater than yourself.
02:23 – Define Your Why
Family security, legacy, contribution—let purpose drive consistent action.
03:30 – Start Where You Stand
Your path begins precisely at your current baseline.
04:47 – Braxton & Defense Wins Games
Find your unfair advantage; play to your strengths → micro-win momentum.
06:20 – The Three-Step Loop
Identify where you are; 2) Set one small, winnable goal; 3) Repeat.
07:11 – Breaking Big Into Small (Parenting & Pressure)
Deconstruct problems → manageable victories.
08:05 – Steve’s Boston Marathon Blueprint
Reverse-engineer pace, elevation, fueling, mindset—plan the course.
09:31 – The Iron Cowboy Formula
“One step at a time.” Move the mountain: one shovel of dirt today.
11:54 – Moneyball Mapping in Real Estate
Four singles to score a run; avoid scoreboard obsession and instant gratification.
13:30 – The $30K/Month Trap
Lofty goals are fine—timelines must be realistic and resourced.
14:09 – Reality Check: Equipment, Practice, Time
No bat? No reps? No home run. Build skill and capital the right way.
16:36 – Use Good Data, Not Pretty Data
How “cherry-picked” pro formas mislead; match financing method to math.
18:56 – Numbers Tell Stories
Same stat, different spin—context and intent are everything.
20:10 – Your Game Plan: The Bridge from Here to There
Pre-approval, cash flow modeling, risk plan, annual reviews.
21:19 – Four Common Game Plans
Just Starting Out; 2) Transitioning a Portfolio; 3) Improving Retirement; 4) First Few Micro-Wins.
22:10 – Kevin’s First Leap (House Hack + Rental)
One move changed cash flow, equity growth, and trajectory.
23:42 – Funding the First Deal
HELOCs, cash-out refi, 401(k) redeploy (with pros’ guidance): seed vs. harvest analogy.
26:04 – From 1 to 10 Properties (Over Time)
Refi, 1031, snowball principal paydowns → independence.
28:24 – Transitioning Example: Cynthia & Brent
Hands-on to done-for-you; commercial to residential—cash flow & effort improved.
30:45 – Retirement Boost Case
$2.80 bank interest vs. $300/mo cash flow—breathing room matters.
31:40 – Your First Seven Base Hits
Save down payment, get approved, assemble team, write offers, close, lease, profit.
33:07 – Chapter Wrap & Micro-Wins Checklist
Align plan to stage, use honest numbers, stack wins, repeat.
Key Takeaways (3)
Purpose first, profit follows. When our actions align with a cause bigger than us, success “ensues,” not because we chase it, but because we’re faithful to the right work done consistently.
Reverse-engineer reality. Start where you are, define where you’re headed, break the distance into daily micro-wins, and repeat—just like marathon pacing or the Iron Cowboy’s “one step at a time.”
Use math that matches the method. Don’t mix cash-buy cash flow with leveraged ROI. Honest numbers, clear context, and annual reviews keep you on a true Moneyball path.
Subscribe to the Weekly Newsletter:Get weekly deals, market updates, blog posts, and more delivered straight to your inbox.
👉 Join the list here
Ready to Build Your Game Plan?Book a call with Kevin and see what your personalized real estate roadmap could look like.
👉 dfy-realestate.com
Connect With Us:Email Kevin directly: kevin@dfy-realestate.com
Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
00:00 – Partnering with Momentum
Baseball analogy: aim for singles, harness the pitcher’s energy; leverage as momentum you can use.
02:23 – Leverage in Everyday Life
Employers, parents, and tech tools—how we already partner with existing assets to amplify outcomes.
04:29 – The Waterslide Analogy
Riding on engineers, builders, pumps, and physics; American business runs on leverage too.
06:47 – Debt vs. Leverage
Why consumer debt is harmful but asset-backed leverage can be beneficial; nuance beats slogans.
09:10 – The 30-Year Fixed Superpower
U.S. mortgage structure, amortization, stability; Dave & Holly’s portfolio growth via refis/sales.
11:29 – The Math of Multiplication
$250K all-cash (20% total ROI) vs. five financed properties (100% total ROI) over 5 years at 5% appreciation.
13:48 – Growth Phase vs. Payoff Phase
Use leverage to build, then de-leverage later; younger investors can accelerate timelines.
16:11 – Easier Entry: Your First Home
FHA example from Steve; equity stair-steps over decades; house hacking with a basement/ADU.
18:33 – Interest Rates: Use, Don’t Fear
Rates reflect risk; fixed vs. variable, 1980s context, and why we stick to fixed terms.
20:52 – Is Your Primary Residence an Investment?
Equity you never deploy is a locked safe; turn it into an investment by putting equity to work.
23:19 – The Worst “Investment” Framed
Thought experiment: why passive, locked-up home equity underperforms as a “savings plan.”
25:37 – Creative On-Ramps
Live-in flips (with caveats), duplex/ADU, family co-ventures; Lisa’s casita deal structure.
28:01 – The ROI Refi
Reframe refi costs as an investment; example of a 20% annual return via monthly payment savings.
30:15 – Principle-Based Leverage
Data > emotion; cash flow, cash-on-cash, reserves; when (rarely) a small negative can make sense.
32:41 – Micro-Wins & Action Items
Identify leverage you already use, find a positive leverage step, and reframe your primary residence.
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Ready to Build Your Game Plan?Book a call with Kevin and see what your personalized real estate roadmap could look like.
👉 dfy-realestate.com
Connect With Us:Email Kevin directly: kevin@dfy-realestate.com
Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
00:00 – Kevin vs. the “Hank Smith Jr. effect”: when imitation ruins authenticity—and what fixed it
02:24 – Seek the quiet applause of heaven; measuring progress, not people
04:47 – A recipe for despair: external validation and risky, look-at-me goals
07:04 – The Gap and the Gain: why measuring backward fuels momentum
09:27 – Ditch the scoreboard, grab a map: progress > points
11:48 – The net worth illusion: why income replacement is the real flex
14:11 – Steve’s Harley story: let real estate buy the toys
16:38 – It’s a Wonderful Life: getting out of the gap and into gratitude
19:00 – Client “Rand”: doors obsession → setback → sustainable singles
21:13 – Cash flow isn’t everything: mini profit centers and smarter tradeoffs
23:35 – John & Judy: 10-year journey, $2M equity, and a purpose-aligned plan
25:55 – Designing income with 1031s, refis, and right-sequenced moves
28:09 – Start now: micro-wins to economic independence
30:20 – The orchard model: seeds, seasons, and compounding growth
32:46 – Chapter recap + reflection prompts to reframe your progress
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(00:00) – The Principle: Achievement is a journey worth celebrating—not a destination.
(00:40) – Steve’s First Business Story: From a beat-up truck and borrowed tools to a 12-year painting company.
(02:15) – Micro-Wins in Action: Buying the truck, getting supplies on credit, selling jeans for gas—all small victories that built momentum.
(03:30) – The Art of Sacrifice: What are you willing to trade—time, energy, comfort—to reach your goals?
(04:45) – Movie Moment – Rudy: How one tackle defined years of determination and why small wins matter more than the highlight reel.
(06:50) – Celebrate Progress: Why you should recognize micro-wins daily to rewire your brain for success.
(08:15) – Kevin’s Gratitude Connection: How tactical gratitude and celebrating micro-wins transformed his life and inspired FLIP the Gratitude Switch.
(10:45) – Quiet Wins vs. Loud Validation: The story of the ten lepers and how real celebration happens in gratitude, not performance.
(13:30) – Applying It to Real Estate: Why every step—from pre-approval to your first rent check—is a win worth celebrating.
(15:00) – The Seven Profit Centers:
- Cash Flow
- Appreciation
- Leverage
- Tenant-Paid Principal
- Inflation Hedge
- Tax Benefits
- Infinite Returns
(22:00) – Reframing “Negative Cash Flow”: How, in rare cases, it can act as a strategic monthly retirement contribution.
(24:15) – The Marathon Mindset: Real estate wealth is built through consistent, celebrated progress—not perfection or luck.
(25:30) – Key Takeaway: Don’t delay your happiness. Celebrate every base hit, every micro-win, and every small sign of progress toward economic independence.
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Takeaways
- Stacking micro-wins creates large scale victories.
- The micro-wins mindset allows for joy in the journey.
- Celebrating small victories fuels motivation for larger goals.
- The Moneyball approach emphasizes data-driven decision making.
- Consistency in achieving small wins is more effective than aiming for spectacular outcomes.
- Swinging for the fences can lead to significant risks and failures.
- Understanding your investor type can tailor your investment strategy.
- Moneyball Real Estate focuses on low-risk, conservative investments.
- Economic independence can be achieved through gradual wealth accumulation.
- Evaluating your financial standing is a crucial first step.
Important Lines
- "What constitutes a micro win?"
- "Boring wins beat blaze of glory losses every time."
- "The journey to success is a marathon, not a sprint."
Episode Sections
00:00 Stacking Micro-Wins: The Path to Success
04:45 The Moneyball Approach: A New Strategy for Success
12:28 Boring Wins vs. Blaze of Glory Losses
18:10 Identifying Investor Types: The Road to Real Estate Success
22:45 Moneyball Real Estate: A Conservative Investment Strategy
37:16 The Power of Economic Independence: Building a Legacy
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Takeaways
- The Moneyball Real Estate Show focuses on sustainable wealth creation.
- Micro Wins to Millions is a guide to financial independence.
- Small victories can lead to significant financial transformations.
- The micro wins mindset is applicable in various life aspects.
- Real estate investing can be accessible to everyone.
- The authors aim to challenge traditional financial systems.
- Principles are more enduring than knowledge in investing.
- Incremental progress is key to achieving larger goals.
- The book provides a roadmap for personal and financial success.
- Obstacles are part of the journey to financial freedom.
Sound Bites
"We want you to hear the book in its entirety."
"Transform your life one small victory at a time."
"Principles on the other hand are far more concrete."
Chapters
00:00 Introduction to the Moneyball Real Estate Show
02:35 The Micro Wins Mindset
12:33 The Genesis of Our Journey
17:04 The Power of Principles
20:23 Navigating the Book
23:14 Embarking on the Journey
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Takeaways
- There is renewed optimism in the real estate market.
- Clients are eager to build significant property portfolios.
- Property management is crucial for real estate success.
- A strong relationship with property managers enhances client experience.
- Specialized property management offers unique benefits to clients.
- Uniform pricing structures simplify property management.
- Technology plays a key role in effective property management.
- An investor mindset helps in viewing the bigger picture.
- Clients should explore options for property management.
- DFY Real Estate provides access to multiple markets seamlessly.
Sound Bites
"This thing really might be starting to pick up."
"We have a new program called Instant Portfolio."
"It's a little thorn and they just want it gone."
Chapters
00:00 Optimism in Real Estate Markets
04:55 The Importance of Property Management
09:50 Building Strong Relationships with Property Managers
19:40 The Benefits of Specialized Property Management
29:56 Exploring New Markets and Future Growth
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In this episode of the Moneyball Real Estate Show, Kevin Clayson and Steve Earl discuss the anticipated interest rate cuts by the Federal Reserve and their implications for the real estate market. They reflect on recent events that have impacted their community and emphasize the importance of dialogue over being right. Kevin and Steve explore how changes in interest rates can affect buyer demand, consumer confidence, and the overall economy, encouraging listeners to consider investing in real estate during this favorable environment.
Listen for:
• Fed cuts vs. mortgage rates (not the same thing)
• Why HELOC/credit lines feel relief first
• Demand, prices, and the “seesaw” effect
• Why “today” beats trying to time the market
• How to pressure-test your own portfolio and next purchase
Get a personalized game plan: kevin@dfy-realestate.com (subject: “Game Plan”)
Takeaways
- It's more important to be good than to be right.
- Interest rates are likely coming down by the Fed.
- Consumer confidence drives buyer demand.
- Now's always the right time to buy.
- Increased consumer confidence affects the economy positively.
- Wages have not gone up commensurate with inflation.
- Interest rates have already started to decline.
- We're excited about the market generally speaking.
- It's a good environment to say, we like where we're at.
- Let's just keep rolling with this business.
Chapters
00:00 Introduction and Excitement for Updates
02:06 Reflections on Recent Events and Importance of Dialogue
07:37 Anticipation of Interest Rate Cuts
11:26 Impact of Interest Rate Changes on Real Estate
19:24 Consumer Confidence and Market Dynamics
25:35 Conclusion and Call to Action
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Click. Close. Cash Flow.
Episode Description:
What does Amazon Prime have to do with real estate investing? A lot more than you think.
In this episode of The Moneyball Real Estate Show, Kevin Clayson and Steve Earl pull back the curtain on the Amazon-style system that makes real estate feel simple—even though the behind-the-scenes work is anything but. From celebrating “micro wins” to explaining DFY’s 20-year process for vetting properties, they show why investing doesn’t have to feel overwhelming.
Discover how DFY vets 100 homes to bring you just 1, why the “last mile” of investing matters, and how a commitment to continuous improvement turns a complicated process into the easiest path to building wealth.
👉 Want a free digital copy of Micro Wins to Millions? Email Kevin at kevin@dfy-realestate.com and get instant access.
Takeaways:
Micro wins add up to millionaire-level results.
Amazon’s growth proves the power of systems and demand.
Real estate looks simple, but the behind-the-scenes work is complex.
DFY’s 20 years of process-building simplify investing for clients.
The “last mile” of investing is what clients see—while the heavy lifting happens behind the curtain.
Continuous improvement keeps DFY delivering better results year after year.
Sound Bites:
“We vet 100 homes so you only need to see 1.”
“Real estate looks simple—but the system behind it is complex.”
“Amazon delivers packages. We deliver passive income.”
“Clients feel like it’s easy. That’s because the hard work happens behind the curtain.”
Chapters:
00:00 – Monday wins, micro wins, and football lessons
03:07 – What Amazon Unbound teaches about systems
06:01 – Why real estate is harder (and easier) than it looks
12:06 – The hidden machinery behind DFY Real Estate
17:51 – The “last mile delivery” of real estate investing
23:55 – Why continuous improvement matters for your wealth
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Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
Takeaways
- The current real estate market is challenging for cash flow.
- Midterm rentals provide a unique solution to cash flow issues.
- Investors need to adapt to changing market conditions.
- MTRs are designed for corporate housing and insurance placements.
- The quality of the property and tenant experience is paramount.
- Investing in MTRs requires a higher initial investment but offers greater returns.
- MTRs can be a part of a diversified real estate portfolio.
- The management of MTRs is less intensive than short-term rentals.
- Understanding the market dynamics is crucial for successful investment.
- The MTR model is exclusive and not widely adopted, providing a competitive edge.
00:00 – Labor Day recording + commitment to consistency
Kevin and Steve open with gratitude for staying consistent, even on a holiday, and set the stage for why this episode matters.
02:00 – Why MTRs are the solution investors need right now
Cash flow is tight. Kevin explains how DFY “reads the tea leaves” to anticipate market shifts and why MTRs were created as a cash-flow solution.
04:20 – Market context: why cash flow is squeezed
Steve contrasts today’s environment with 2008, explaining how higher rates and sticky prices made cash flow scarce.
07:50 – Why not short-term rentals?
Steve shares DFY’s deep dive into STRs, why they proved too volatile and risky, and how that pivot led to discovering mid-term rentals.
10:30 – The guinea pig phase
Steve tells the story of furnishing and converting his own Oklahoma City home into an MTR, validating the model firsthand.
13:45 – From experiment to proven system
How DFY carefully expanded from Steve’s test homes to 100+ MTRs across Oklahoma City, Tulsa, DFW, and Indianapolis.
18:30 – What exactly is an MTR?
Kevin defines Mid-Term Rentals: curated, furnished single-family homes leased for 30–180 days to premium tenants like insurance companies, corporate housing, and medical contracts.
22:50 – Sub-market strategy & limited inventory
Why the key is targeting markets with strong placement demand but limited competing MTR supply.
25:40 – Premium tenants, premium experience
Steve explains why MTR tenants treat the homes better, why turnover keeps properties pristine, and how the management team focuses solely on fulfillment.
28:20 – The “real estate double” analogy
Kevin positions MTRs as bigger bricks on top of a long-term foundation—a way to accelerate portfolio growth while staying conservative.
29:50 – Numbers and logistics
Typical purchase price ranges ($300k–$360k), furnishing/design costs (~$40k), and how tax strategies like cost segregation can offset those expenses.
32:20 – 1031 exchanges and MTRs
Clarifying how exchanges work when rolling into an MTR, and how furnishings factor in.
33:30 – Why MTRs are the definitive solution for 2025
Kevin and Steve conclude with why MTRs are unique, exclusive, and the clearest path to cash flow in today’s high-rate environment.
35:15 – Call to action
Want to see your own MTR analysis? Email Kevin at kevin@dfy-realestate.com or request a call at dfy-realestate.com.
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Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
What if the government was running a secret real estate “promo” that felt like buy three properties, get one free?
That’s essentially what’s happening right now with bonus depreciation. In this episode, Kevin and Steve are joined by resident numbers wizard Mike Chamberlain to break down:
How accelerated depreciation works (and why it’s legal, smart, and encouraged by the IRS).
Real-world examples of saving $30K+ per property in year one.
Why cost segregation studies unlock these savings.
Who qualifies, how to carry forward unused depreciation, and how even W-2 earners can benefit.
The simple steps to turn tax savings into your next down payment.
If you’ve ever wondered how the wealthy use real estate to keep more money in their pocket, this episode reveals one of the most powerful strategies available to everyday investors.
Episode Highlights[03:56] Kevin’s bold claim: “Buy three properties, get one free.”
[07:34] Former Chief Justice Rehnquist’s quote on tax strategy that every investor should hear.
[10:50] The 2017 Tax Cuts and Jobs Act and the rise of 100% bonus depreciation.
[13:11] Example: How a $300K home can unlock $84K in year-one depreciation.
[16:31] Why buying three homes could save you enough in taxes to buy a fourth.
[18:07] Steve’s real-life story of using bonus depreciation to buy four homes in 2022.
[21:39] How all investors — from passive owners to real estate professionals — can benefit.
[25:23] Step-by-step roadmap: how to qualify and what to do next.
[32:45] Final thoughts: why now is the time to leverage this powerful tax strategy.
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Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
What if we told you that real estate might just be the only investment where you don’t actually pay for it yourself?
Sounds too good to be true—but in this episode, Kevin and Steve break down why that bold claim isn’t only true, but why it’s the exact mindset shift most investors need.
Here’s what you’ll discover in this episode:
- Why tenants, the bank, the government, and even the market all “chip in” to fund your investment.
- How to stop thinking of maintenance, management, and lost rent as expenses and start seeing them as investments.
- Why cash flow is actually the least important benefit when you’re building your portfolio.
- How reframing your language and mindset around real estate could be the difference between frustration and long-term success.
If you’ve ever looked at your property and thought, “This thing is costing me too much,” this episode will flip that thinking upside down and show you why, in reality, real estate costs you nothing.
Takeaways
- Real estate is a unique investment class that offers benefits without direct costs.
- Tenants contribute to paying down the principal and covering expenses.
- Viewing real estate expenses as investments can shift your mindset positively.
- Real estate investing is a long-term game, similar to a 401k.
- Cash flow is important but not the only benefit of real estate.
- The market and government provide additional financial benefits to real estate investors.
- Success in investing often follows a mindset of happiness and gratitude.
- Real estate feels personal due to the interactions with tenants and managers.
- Investing in real estate can hedge against inflation.
- Finding joy in the investment process enhances the overall experience.
Chapters
- 00:00 Kickoff: Weekend Vibes and Sports Enthusiasm
- 01:52 Transitioning from Buyer to Owner: The Real Estate Mindset
- 03:46 The Unique Benefits of Real Estate Investment
- 09:52 Reframing Expenses as Investments in Real Estate
- 17:49 The Long Game: Patience and Perspective in Real Estate
- 24:50 Finding Joy in Real Estate Investment: A Mindset Shift
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Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
Takeaways:
- Interest rates are currently around 6.75%, which is considered normal.
- Waiting for lower interest rates can lead to significant opportunity costs.
- Midterm rentals offer higher cash flow compared to traditional rentals.
- DSCR loans allow investors to qualify based on property income, not personal credit.
- Investors should act quickly to secure midterm rental opportunities.
- The market is influenced by human emotions and perceptions.
- Interest rates are indirectly tied to inflation and the 10-year treasury yield.
- Investing in real estate is still a viable option despite current rates.
- Furnishing midterm rentals can provide additional tax benefits.
- The real estate market is competitive, and savvy investors are actively buying.
Sound Bites
"We're buying like crazy right now."
"Move quick, decide quickly."
"This is a killer opportunity."
Chapters
00:00 Introduction and Overview of the Show
02:57 Current Interest Rate Environment
05:51 The Impact of Interest Rates on Real Estate Investment
08:59 Exploring Midterm Rentals
17:46 Understanding DSCR Loans
33:41 Conclusion and Key Takeaways
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Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
In this episode, Kevin Clayson and Steve Earl officially relaunch the podcast formerly known as Replace Your Income—now proudly renamed The Moneyball Real Estate Show.
You'll hear why the name change matters, what’s new at DFY Real Estate, and how you can still hit real estate singles in today’s shifting market.
In This Episode:The story behind the new podcast name and branding
Why “Moneyball” perfectly describes DFY’s conservative, data-driven approach to real estate
A fresh red, white, and blue look that captures the spirit of the American Dream
Mid-Term Rentals now open to all clients (and what that means for you)
Why only 3–4% of Americans become millionaires—and how real estate can change that
The "tree" analogy for long-term wealth building (and why it's so powerful)
What a solid “real estate single” looks like in 2025: price points, cash flow, and market trends
How sellers are offering concessions, and why now may be the best time to buy
Key Takeaways:You don’t need to swing for the fences. Just step up to the plate and start stacking singles. With time, patience, and a proven system, those micro-wins can lead to serious long-term wealth.
- The Moneyball Real Estate Show focuses on sustainable wealth building.
- Real estate strategies must evolve with market changes.
- Patience is key in wealth creation through real estate.
- Micro wins in real estate can lead to significant wealth over time.
- Midterm rentals are a new opportunity for investors.
- Current market conditions present unique buying opportunities.
- Wealth is built over time, not through immediate gains.
- Investing in real estate requires a long-term perspective.
- The importance of understanding cash flow in real estate investments.
- Engagement with clients is crucial for personalized strategies.
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Ready to Build Your Game Plan?Book a call with Kevin and see what your personalized real estate roadmap could look like.
👉 dfy-realestate.com
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Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
WHERE HAVE WE BEEN?
It has been almost a quarter of a year and in this episode you will learn about DFY 2.0 moving into 2025.
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Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
In this podcast episode, Kevin and Steve discuss how understanding and leveraging the "rules of money" can significantly benefit real estate investors. They emphasize the importance of knowing the nuances of real estate markets, particularly in regions like Florida. Using analogies from sports, Kevin explains that just like in a game, knowing the rules allows for strategic advantages. They highlight how selecting the right markets and properties can protect against risks, like hurricanes, and generate wealth. Steve shares insights on choosing inland, elevated areas in Florida to avoid flooding and reduce storm damage risks, showcasing their conservative, informed approach to property investment.
They conclude that real estate offers one of the best ways to maximize wealth creation by leveraging these rules, especially in carefully chosen markets.
Chapters
0:00 Arizona
3:19 Profitable Real Estate
7:19 The Rich Invent Money
12:51 Mastering Rules
18:28 Storm-Proof Investing
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Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
Today on Replace Your Income, Kevin and Steve reveal the five property vetting layers Done For You Real Estate performs on every property we show clients. Buckle up and let us know in the reviews if you want to hear more.
-
Market Selection (Pre-Vetting):
-
Before anything else, the market itself is selected based on extensive quantitative and qualitative research. This pre-header step involves data-driven analysis to determine which markets are primed for investment success.
-
Agent Due Diligence:
-
The local agents are responsible for the initial screening of properties based on strict criteria. They evaluate properties on the MLS, gathering information from photos, seller conversations, and initial assessments before submitting properties to the internal team for review.
-
Internal Team Property Analysis:
-
Once submitted, the property undergoes a comprehensive property analysis by the team. This step includes a thorough breakdown of numbers, rental potential, and estimated rehab costs. The team greenlights or rejects the property based on this deeper analysis.
-
Third-Party Inspections and Appraisals:
-
A third-party inspector conducts a detailed inspection to identify any major issues. Simultaneously, an appraisal is done to ensure the property's market value aligns with the agreed-upon purchase price. Both are crucial tools for negotiation and validation of the investment.
-
Property Management Company Review:
-
During the due diligence period, the property management company performs a walk-through, combining their own visual inspection with the formal inspection report. They provide a detailed assessment of what it will take to get the property rent-ready, further validating the analysis and ensuring no major issues were overlooked.
By having these five vetting layers, you mitigate risk and improve predictability in your investment process, creating a reliable system for long-term success. The additional step of having the property management company's inspection is invaluable, as it merges practical insights from both the property condition and its readiness for rental income generation.
Chapters:
0:00 - Purple
6:53 - Layer #1
9:35 - Layer #2
16:23 - Layer #3
17:06 - Layer #4
22:18 - Layer #5
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Learn more about DFY’s done-for-you investing approach at dfy-realestate.com
In the podcast, Kevin and Steve will distinguish Done For You Real Estate (DFY) from other turnkey companies through three key points:
-
Transparency in Fees and Track Record: DFY is upfront about how they make money and their fees. Kevin mentions that many turnkey companies are not transparent, often hiding the true costs of their services or how they generate revenue. In contrast, DFY is clear about their fees, disclosing all details, such as their team's fees, mortgage, insurance, and property management. Additionally, DFY shares its transaction reports publicly, outlining every home bought, sold, and rented, ensuring full transparency.
-
Sustained Success Across Market Cycles: DFY has been successful across various market cycles, from before the 2008 crash to post-COVID times. Kevin emphasizes that some companies are opportunistic and pop up only during favorable market conditions. However, DFY has continued to adapt and thrive through high inflation, low interest rates, and other fluctuating market conditions. This proven track record shows DFY’s resilience and expertise in long-term, sustainable real estate practices.
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Multiple Market Operations with Data-Driven Decisions: DFY operates in multiple markets across the U.S. based on thorough, data-driven criteria. Many turnkey companies either focus on a single geographic area or expand opportunistically without solid data backing their decisions. DFY, on the other hand, carefully selects markets where their "Moneyball" real estate strategy will work, allowing clients to diversify portfolios across several states, regardless of where they live.
0:00 Speech Therapy
6:14 #1 Fee Transparency
14:26 #2 Proven Success
19:11 #3 Moneyball Real Estate
In this podcast episode, Steve and Kevin share personal stories about their real estate investment failures, highlighting the importance of sticking to a well-thought-out plan.
Steve reflects on a decision from 2005, where he sold two fourplexes for a quick cash infusion, deviating from his long-term retirement plan. While he made a modest profit, he later realized that had he kept all three properties, they would now be worth around $1 million each, generating significant cash flow.
Kevin shares a similar story of failure. In 2009, after the mortgage crisis, he impulsively bought 20 homes for $150,000 without proper due diligence or a clear strategy, hoping to make massive profits. The investment backfired, leading to significant financial loss and eventual offloading of the properties at a loss.
Both stories emphasize the pitfalls of deviating from a solid investment plan, succumbing to "shiny object syndrome," and attempting to "swing for the fences" without proper research or preparation. Steve and Kevin both learned the importance of methodical planning and smaller, consistent wins over aiming for high-risk, high-reward deals.
0:00 Lower Interest Rates
3:31 Our Worst Investments
5:34 Steve's Tale
11:43 Kevin's Tale
22:49 Stick to Your Plan
In this podcast episode, Steve and Kevin discuss the often misunderstood concept of cash flow in real estate investing. While cash flow is widely seen as the ultimate goal for many investors, the hosts argue that its importance is overstated—especially in the early stages of investing. They emphasize that focusing solely on cash flow can distract from long-term wealth-building strategies. Steve shares examples of how appreciation, tenant contributions, and tax advantages can create significant financial gains over time, even without immediate cash flow or favorable interest rates.
The episode also touches on the importance of understanding when and how cash flow becomes relevant, framing it as a long-term outcome rather than an immediate necessity. They explain how interest rates, while often viewed as a barrier, can actually unlock opportunities for growth, such as tax-free income through cash-out refinancing. Kevin uses examples of real estate appreciation over time to show how properties can double in value, even in the absence of significant cash flow or optimal interest rates.
The episode aims to shift the mindset of real estate investors, encouraging them to look beyond short-term cash flow and focus on the larger financial picture, including property appreciation, tenant-paid equity, and tax-free income.
0:00 Life Lately
5:08 Cash Flow
11:46 Why it is irrelevant
20:50 Focusing In
In this podcast episode, Steve and Kevin discuss the significance of time in real estate investing. Steve shares a personal experience where they purchased a building despite rising interest rates, focusing on the long-term benefits over short-term market fluctuations. They emphasize that time is a powerful wealth creator when paired with real estate, highlighting how patient investors who stick to their plans often achieve substantial financial success. Kevin supports this idea with personal anecdotes, including how his own home’s value significantly increased over time and his son’s property investment that yielded strong returns after eight years. The discussion reinforces the idea that real estate investments, combined with time and a clear plan, can lead to significant financial growth despite economic challenges.
0:00 Intro
3:29 Purchasing Despite Rising Interest Rates
8:40 Time
15:46 After 8 Years
23:05 Plan
The discussion revolves around the concept that a mortgage is not just a debt but an essential investment tool, particularly in real estate. Kevin and Steve explore how mortgages are often seen negatively due to societal norms and historical perspectives, like the notion that debt is inherently bad. They argue, however, that a mortgage, when viewed as a financial instrument, can be a powerful lever for wealth creation.
Steve emphasizes that many people see mortgages as liabilities because they are technically debt instruments on a balance sheet. However, he suggests reframing this perception by recognizing that mortgages, especially 30-year fixed ones attached to single-family homes, offer unique opportunities for individual investors. These loans allow for leverage, enabling investors to use less of their own resources while maximizing potential gains through real estate appreciation.
Kevin introduces the idea of comparing a mortgage to a musical instrument, where the real estate is the musician. Just as an instrument needs a skilled musician to create beautiful music, a mortgage needs the right property and market conditions to unlock its full potential. The wrong property can make the mortgage a liability, but the right one can turn it into a significant asset.
They also discuss the idea that the limitations placed on the number of mortgages an individual can have (typically ten) might be a way to keep the most valuable financial instruments scarce. This scarcity is likened to a limited deal at Costco, where the value is so high that it's restricted. They note that while banks and the government use leverage to increase their wealth, the average person often overlooks the opportunity to do the same with a mortgage.
The conversation touches on how inflation impacts the value of mortgages, where fixed-rate mortgages allow investors to benefit from rising rents and property values while their mortgage payments remain constant. This creates an inverse relationship where the debt decreases as the property's value and income potential increase.
Ultimately, the discussion highlights the importance of understanding the rules of the financial game and how to use tools like mortgages to participate actively in wealth creation, rather than being passive observers.
Chapters
0:00 Intro
3:20 Is the mortgage or property the investment?
13:50 Utilizing a financial instrument
19:14 Micro-Winning the game
28:35 Hey, Siri...
31:51 Ice cream
In this episode of the "Replace Your Income" podcast, Kevin and Steve discuss their return after a long hiatus and the successful weekend event they recently hosted. The event marked the relaunch of their real estate intensives, which they used to conduct regularly, helping participants immerse themselves in income replacement strategies and real estate investment. They emphasized the importance of community, noting how gathering with like-minded individuals helps reinvigorate goals and commitment to action.
They also announced that these events will be held quarterly moving forward. During the event, they introduced various strategies, including cost segregation, bonus depreciation, and other tax benefits that can significantly enhance investment outcomes. Kevin shared a personal story about his son being excited to see his name in their newly released book, "Micro Wins to Millions," which they distributed at the event.
The discussion then shifted to current market conditions, where Steve highlighted the potential risks of waiting for lower interest rates before investing in real estate. He argued that while lower rates might come, waiting could mean missing out on the opportunity to buy properties at lower prices. They both emphasized the importance of taking action now, given the unique market dynamics where demand is high and property values are likely to rise as interest rates fall.
Overall, the podcast conveyed a sense of urgency for investors to engage with the market now and the benefits of participating in their upcoming events to stay connected and motivated.
0:00 - Event Recap
5:25 - Book Buzz
18:39 - Intro to Mid-Term Rentals
27:51 - DFY Family
31:51 - Watch Your Inboxes!
In a heartwarming episode of his podcast, Kevin Clayson welcomed a special guest: his 12-year-old son, Braxton Clayson. Together, they delved into the world of real estate investing, exploring the concept of using real estate to buy more real estate. Braxton, despite his young age, displayed a remarkable understanding of the principles behind this strategy, showcasing his keen interest and potential in the field.Amidst their discussion, Kevin and Braxton also shared insights from a book titled "Drive Your Own Darn Bus." This book, known for its motivational and empowering messages, resonated deeply with both father and son. Braxton, in particular, expressed how the book's lessons had inspired him to take charge of his own life and pursue his goals with determination and resilience.Towards the end of the podcast, Braxton imparted some youthful wisdom about gratitude, reminding listeners of the importance of appreciating the blessings in life. His genuine and heartfelt reflections served as a poignant reminder for people of all ages to cultivate gratitude in their daily lives. Through their candid conversation, Kevin and Braxton Clayson not only shared valuable insights into real estate and personal development but also exemplified the bond between a father and his son.Chapters: 00:00 Intro03:14 Supply and Demand10:30 Real Estate Investing18:35 Books23:03 Flip the Gratitude Switch
The podcast episode delves into Jesse Kelly's remarkable journey, tracing his path from a construction background to political activism and media success. Jesse shares anecdotes from his upbringing in Ohio, where he was raised in a family entrenched in construction work. Despite initially pursuing a conventional college path, Jesse's lackluster academic performance led him to embark on a different trajectory. He candidly admits to being a "terrible student," especially once he discovered the distractions of high school life.
Feeling a sense of maturity and a desire to serve his country, Jesse made the impulsive decision to join the Marines, inspired by his love for military literature. His abrupt enlistment surprised his family and friends, but Jesse was resolute in his choice. Following his service in the Marines, including deployment to Iraq, Jesse returned to his family's construction business. However, his thirst for new challenges eventually led him to Arizona, where he immersed himself in talk radio while working construction jobs.
Driven by his burgeoning interest in politics, Jesse made another impulsive decision to run for Congress in Arizona, despite having no prior political experience. Although he ultimately lost the election, Jesse's foray into politics laid the groundwork for his future endeavors. Subsequent moves to Washington, D.C., and eventually to Texas, where he found success in media, showcased Jesse's resilience and adaptability.
Throughout his journey, Jesse emphasizes the importance of taking risks and embracing opportunities, even when they seem daunting or unconventional. He recalls the sage advice of his mentor, Michael Berry, who instilled in him the mindset that "you never know who's listening." Jesse's willingness to seize the moment and pour his energy into every endeavor ultimately paid off, leading to unexpected opportunities in radio and television.
The episode also explores Jesse's philosophy of consistency and urgency in pursuing one's goals. Despite facing setbacks and financial hardships along the way, Jesse's unwavering commitment to his principles and his willingness to put in the hard work positioned him to capitalize on unexpected opportunities. As the hosts reflect on Jesse's journey, they admire his authenticity and resilience, recognizing him as a role model for staying true to oneself and making a meaningful impact in any endeavor.
00:00 Intro
3:05 Jesse's Background
14:58 You Never Know Who's Listening
18:35 Meaning
20:58 Wrap Up
Curtis Ray lives in Arizona native, is married with 5 Children, a Collegiate Wrestler at ASU, an Amazon Best Selling Author- “Everyone Ends Up Poor”, an Inventor of MPI, and a Business Owner.
In this episode of Replace Your Income, you'll get to understand Curtis' background, his inventions, and the power of secure compound interest.
00:00 Intro
2:00 Growing Up
7:00 The Big Three
11:30 Premium Financing
23:51 Everyone Ends Up Poor
36:10 Learn More
Today on Replace Your Income we dive into the career path of American Television Presenter, Buck Sexton! From working at an entry-level CIA position to becoming the host of the Rush Limbaugh Show Buck has a story you don't want to miss. Also, hear his reaction to a surprise question Kevin cooks up to get an answer about what's most important to Buck. This episode will highlight the book Micowins to Millions by Kevin Clayson and Steve Earl. 00:00 Intro to Buck3:07 Buck's DFY Experience5:48 CIA to Microwinning Radio Host19:14 Time
This podcast episode is a celebration of the release of the book "Microwins to Millions" after three and a half years of hard work. The hosts discuss their excitement about sharing the book with existing and potential clients, as well as the general population. The book goes beyond real estate investing, introducing a philosophical approach to applying the concept of Moneyball, micro wins, and success to everyday life.The hosts express their pride in the positive feedback they've received from early readers, including successful real estate investors. They share their hopes for the impact the book will have on individuals, emphasizing the idea of seeking the "quiet applause of heaven" rather than the massive ovation of the crowd.The book, according to the hosts, is designed for the individual reader, picturing someone sitting on their couch, cracking open the book, and experiencing a transformative moment. The hosts discuss the unique approach taken in the book, providing micro wins at the end of each chapter that readers can acknowledge and achieve.The episode also introduces the use of Kickstarter to launch the book, explaining how backers can support the project at various levels. The hosts express their excitement about the Kickstarter campaign, emphasizing the opportunity for backers to be part of a community that is micro winning together to bring the book to the world.00:00 Kickstarter 5:17 Who Should Read This8:50 How to Back This Project10:00 Backer Levels28:38 Young Investors30:00 End
In this podcast episode on Real Estate HELOCs, the hosts explore the concept of HELOCs (Home Equity Lines of Credit) and their potential financial benefits. They clarify that HELOC stands for Home Equity Line of Credit, emphasizing its significance for homeowners seeking to leverage the equity in their home. The hosts discuss the misconceptions surrounding HELOCs, particularly an influencer's claim that obtaining one is like getting "free money" from the bank.
They delve into the practical aspects of HELOCs, explaining how individuals can use them to access funds for various purposes, including real estate investments. The hosts outline the key qualifications for obtaining a HELOC, such as homeownership, equity in the property, and a good credit score. They stress the importance of understanding the terms and conditions of different HELOC offers from various banks or credit unions.
The episode covers the potential uses of HELOCs, ranging from basic investment capital for real estate acquisitions to creating a financial safety net for unexpected expenses related to property ownership. The hosts share insights on leveraging HELOCs strategically, including a concept they call "Moneyball Banking." This strategy involves utilizing HELOCs based on Moneyball principles to gain a financial advantage for investing in additional real estate.
Overall, the podcast aims to educate listeners on the value of HELOCs when used wisely, providing practical tips on how to qualify, apply, and make strategic financial decisions with Home Equity Lines of Credit.
Chapters:
00:00 Merry Christmas!
1:30 Football
4:00 What's a HELOC?
9:35 Simple math
17:55 Should you do it?
22:00 Over time
26:00 Discipline
29:49 Moneyball Banking
Episode 101: Kevin and Steve emphasized that only 5% of Americans are engaged in real estate investment, linking this to the mindset of consumers versus producers. They argued that the wealthiest individuals thrive because they invest, build businesses, and provide services. The conversation touched on the impact of stimulus checks, with a prediction that the money would ultimately end up in the hands of the top 1% due to their investment mindset. The hosts encouraged listeners to shift their mindset, overcome fear, and take steps towards real estate investment, citing tax advantages and a wide-open opportunity. The episode concluded with a passionate call to action for individuals to expand, become producers, and recognize their God-given right to thrive.
The Replace Your Income Podcast is geared towards regular individuals seeking financial empowerment through real estate investment. The hosts, Kevin and Steve, target those who may have hesitations or uncertainties about venturing into real estate. The podcast addresses common barriers to entry, offering insights, strategies, and success stories to inspire and guide listeners.
The discussions on real estate in the podcast serve a dual purpose. First, they aim to shift the mindset of potential investors, encouraging them to overcome fear and take action. The hosts stress the importance of becoming producers in the real estate equation, highlighting the potential for financial growth and the positive impact on household income.
Second, the podcast delves into practical aspects of real estate, such as tax advantages and market opportunities. By providing information on how to navigate the real estate landscape, the hosts empower listeners to make informed decisions and take steps towards building a real estate portfolio. Overall, the Replace Your Income Podcast serves as a resource for those looking to transform their financial future through real estate investment.
0:00 - Happy Holidays!
2:30 - Statistic 1
11:12 - Monopoly
13:44 - The Rich
19:40 - Statistic 2
28:30 - Thriving Economics
31:50 - Statistic 3
35:15 - Who Profits
Cheri shared her real estate journey, emphasizing the power of buying property early and holding onto it. She discussed her experience with a property in Kissimmee, Florida, purchased in 2014 for $108,000, which has appreciated significantly over the years. Cheri highlighted the importance of due diligence, working with credible partners, and the impact of having a good property management company. She also touched on the stability and benefits of her investment, providing valuable advice for those considering real estate. The episode showcased how even a single well-managed property can have a profound impact on one's financial future.
0:00 Into
4:50 Seller Concessions
9:50 Introducing Cheri McCurdy
15:50 Planting a Shade Tree
24:00 Magical Money Machine
29:40 Typical Client Experience
In Today's episode of the Replace Your Income Podcast, hosts Kevin Clayson and Steve Earl engaged in a comprehensive discussion touching upon various aspects of financial literacy, credit management, and amortization. The episode also featured Kevin's exciting purchase of a Tesla Model 3, which served as a practical example for exploring tax advantages and strategies within the context of investments.
The hosts began by emphasizing the importance of financial literacy, shedding light on how a solid understanding of financial principles contributes to making informed decisions. They underscored the significance of comprehending concepts such as credit management and amortization, both of which play crucial roles in financial planning.
The hosts passionately shared their belief that all roads lead to real estate when it comes to building lasting wealth. They elaborated on the numerous benefits and opportunities that real estate investments offer, emphasizing their potential to create passive income and financial security.
Throughout the episode, Kevin and Steve aimed to empower listeners with practical insights and actionable strategies for achieving financial independence. By integrating tangible examples, including Kevin's Tesla purchase, the hosts effectively bridged the gap between theoretical financial concepts and real-world applications.
In summary, the episode encapsulated a holistic approach to financial literacy, credit management, and amortization. Through engaging discussions and relatable examples, Kevin Clayson and Steve Earl provided valuable insights to help listeners navigate their financial journeys and leverage the power of real estate for lasting wealth.
Chapters:
0:00 - New Car
3:50 - Financial Literacy
10:25 - Debt vs Leverage
18:30 - All Roads Lead to Real Estate
19:50 - It's About What You Keep
23:02 - Credit
31:43 - Closing Thoughts
Read me for the summary of the chapter summaries of Micro Wins to Millions (Principles 4-12)!
Principle 4: The Power of Leverage In this chapter, Kevin and Steve explore the concept of leverage, challenging common perceptions. They emphasize that everyone leverages resources, whether it's knowledge, technology, or expertise. The principle encourages utilizing given advantages to maximize results while minimizing effort, showcasing the application of leverage in real estate, especially through mortgages.
Principle 5: Success Mapping The idea of starting from where you are is crucial in this chapter. Kevin and Steve highlight the importance of creating a personal game plan, establishing goals, and reverse engineering the path to achieve them. Success mapping involves recognizing your current position and strategically planning the journey to your desired destination.
Principle 6: Success is Earned, Not Given The authors stress the significance of acknowledging micro wins along the journey. They introduce the heart of the Moneyball real estate formula, revealing their secret sauce. While success might only be visible once achieved, they emphasize the continuous effort, application, and execution required, making success an earned accomplishment.
Principle 7: Keeping Proper Perspective Shifting one's view to reveal success is the essence of this chapter. Kevin and Steve delve into market selection as a critical aspect of real estate success. They discuss the importance of maintaining the correct perspective, concentrating on choosing the right markets, properties, and conditions that lead to desired results.
Principle 8: Success is Magically Formulaic In this chapter, Kevin and Steve demystify success, likening it to magic created through repetition. They emphasize the significance of doing the right things consistently, especially in real estate. The authors reveal their property analysis framework, showcasing how measuring specific numbers leads to powerful and seemingly magical results, transforming real estate singles into income-replacing assets.
Principle 9: Trust the Experts to Do Expert Level Work The chapter underscores the importance of delegating tasks to experts. Kevin shares a personal perspective shift, embracing his lack of expertise in certain areas and focusing on his strengths. The real estate application advises relying on expert real estate teams for services, allowing individuals to concentrate on their strengths while seasoned professionals handle the complexities of real estate management and strategy.
Chapter 10/Principle 10 - Do It Now
The podcast emphasizes the critical principle of taking action immediately for success.
Urges listeners not to wait for the "perfect" moment but to start their journey now.
Highlights that waiting for ideal conditions might hinder progress, and success often comes from seizing opportunities in the present.
Shares real-life examples and anecdotes illustrating the impact of immediate action on achieving goals.
Chapter 11/Principle 11 - Beyond the Benjamins
Explores the principle of living a fulfilled life beyond the pursuit of wealth.
Discusses the distinction between accumulating money and achieving economic independence.
Encourages listeners to define their own version of economic independence rather than blindly pursuing a monetary goal.
Illustrates the concept with stories of individuals who have found contentment and success by focusing on holistic life satisfaction.
Chapter 12/Principle 12 - The Power of One
Delves into the profound impact that a single choice, represented by "The Power of One," can have on one's financial future.
Discusses the ripple effect that owning one property can create, not only transforming individual financial situations but also influencing future generations.
Encourages listeners to recognize the significance of their choices and actions beyond immediate outcomes.
Shares practical insights and examples of how the power of one property can be a catalyst for lasting change and financial security.
Podcast Chapters:
0:00 Introduction
1:00 What's on Deck
4:15 Principle 4
7:20 Principle 5
10:30 Principle 6
13:40 Principle 7
19:00 Principle 8
22:25 Principle 9
25:35 Principle 10
29:40 Principle 11
33:20 Principle 12
Microwins to Millions by Kevin Clayson and Steve Earl
Dive into the timeless wisdom of "Microwins to Millions," where Kevin Clayson and Steve Earl unlock the secrets to a meaningful and victorious life. This book is not just a roadmap; it's a timeless guide that you can revisit in 20 years, applying its principles to every aspect of your life—be it business, love, or personal growth.
In Chapter 1, "Stacking Microwins," the authors reveal the power of accumulating small victories to construct monumental successes. It's not about thinking small; it's about thinking big and executing the little things that lead to extraordinary achievements. The philosophy is clear: stack microwins, and you'll find yourself exactly where you aspire to be.
Chapter 2, "Celebrate the Journey Not the Arrival," emphasizes the importance of finding joy in the journey itself. Kevin and Steve share personal experiences, from Steve's incredible journey to qualify for the Boston Marathon to Kevin's honeymoon in Hawaii. The narrative challenges the common focus on the destination, urging readers to savor each step along the way. Work isn't just a means to retirement; it's an opportunity for fulfillment. Kevin's realization during his honeymoon echoes this sentiment, highlighting the importance of enjoying the journey rather than fixating on reaching the destination.
Chapter 3, "Reframing Progress," measure progress not shortcomings. Read also, The Gap and the Gain by Dr. Benjamin Hardy. The gap is where we measure our current selves with our ideals. There is another way. You can measure backward!
In essence, these initial chapters are a compelling invitation to measure progress not solely by the endpoint but by the richness of the journey itself. "Microwins to Millions" is not just a book; it's a philosophy of stacking victories, celebrating each step, and building a life that resonates with meaning.
Chapters
0:00 Introduction
3:37 Background
8:03 Quick market update
11:05 The principles we teach
19:58 Principle 1
21:45 Principle 2
28:38 Principle 3
33:08 Close
Resources:
- Sign up for Don’s FREE Webinar Series: CLICK HERE
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE--
SUBSCRIBE for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
In this insightful bonus episode, Kevin and Steve unpack the strategies around interest rate buydown, providing a comprehensive guide for investors. The discussion highlights the dual benefits of seller concessions and the buyer's investment in buying down the interest rate.
Steve emphasizes that sellers can assist buyers by contributing to the interest rate buydown, creating a win-win situation. Exploring the buyer's perspective, he delves into the nuances of buying down the rate, stressing the importance of finding the optimal investment amount. While there are diminishing returns, strategically investing in the rate buydown can significantly enhance cash flow.
Steve shares a personal story, illustrating the powerful impact of an interest rate buydown on his own property. By framing the buydown as an investment rather than a cost, he showcases how it yielded a remarkable return—demonstrating the philosophy of turning challenges into opportunities.
The episode concludes with a reminder that this market presents a fantastic opportunity for buyers. By adopting a proactive mindset and leveraging tools like interest rate buydown, investors can navigate the market effectively and avoid missing out on substantial opportunities.
Resources:
- Sign up for Don’s FREE Webinar Series: CLICK HERE
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE--
SUBSCRIBE for more Replace Your Income:
https://bit.ly/ReplaceYourIncomePodcast
If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today's episode, we walk you through the life of a small business influencer, Spencer Mecham!
But first, be sure to check out his YouTube channel! https://www.youtube.com/@Buildapreneur
Spencer embarked on a transformative journey from being a duplex owner to evolving into a hands-off real estate investor in Indianapolis. This shift involved navigating the complexities of buying property in another state, specifically Indianapolis, where he had never been nor resided.
During this transition, Spencer grappled with mental apprehensions about remote property ownership. He shared his initial hesitations, driven in part by stories of property management nightmares he had heard. He and his wife were deeply attached to their property and felt that nobody else could care for it as they did. The added challenge of being physically distant from the property compounded his concerns.
Despite these apprehensions, Spencer decided to venture into real estate investment, beginning with Indianapolis. He credited his coach, Adam, for providing guidance and support that helped him overcome his initial reservations. As a result, Spencer expanded his real estate portfolio, acquiring a total of five properties, including one in Oklahoma.
The motivation for growing his real estate holdings stemmed from the need for tax breaks, as well as the opportunity to leverage accelerated depreciation. Additionally, he mentioned using the equity in his properties to strategically refinance, which facilitated further acquisitions. Spencer's journey from one property to five was fueled by a combination of financial strategies and coaching support, all while being inspired by the principles he learned from "Rich Dad, Poor Dad."
Resources:
- Sign up for Don’s FREE Webinar Series: CLICK HERE
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE--
SUBSCRIBE for more Replace Your Income:
https://bit.ly/ReplaceYourIncomePodcast
If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
Episode SummaryThis week on Replace Your Income we interviewed a couple who turned up the heat on their investing strategy. Eight years ago, Pat and Kat started their real estate journey with us, and what a ride it's been! They embarked on this adventure in 2015, making a gutsy move by liquidating their Roth IRA, which was worth a cool $180k at the time. 🚀💸
Their strategy was simple yet effective: they purchased 3 properties during this time and, in the process of eight years, grew to 8 properties. This raked in a whopping $800,000 in equity. But what's their secret sauce, you ask? Well, they're all about the art of "waiting." They took a short-term hit for a long-term gain, and boy, did it pay off! 📈💥
Pat and Kat have been exceptional stewards of their investments, even navigating the challenges of three hurricanes in our Florida market. They've had tenants almost the entire time, and with the support of our excellent property managers, they've had all the help they've needed. 🌀🏠
In 2018, they made another move by cashing out on one property. With the proceeds and a bit more, they transformed a single house into two lucrative investments. But their strategic patience shines through; they're waiting for their portfolio to double every 5-6 years before making it their primary income source.
The best part? They've crafted a stress-free, secure future for their family, all thanks to their wise investments. Tune in to the podcast episode for more invaluable insights from this savvy investing pair! 🎧
Episode Timeline:
3:32 - Introduction to Pat and Kat
5:00 - $800,000 in equity
10:35 - How they got started with 180K to invest
19:28 - How do they define the term "wait?"
31:00 - The opportunity they want to enjoy after this short-term cut
35:00 - Their "sleep well at night account"
36:53 - Closing thoughts/advice
Resources:
- Sign up for Don’s FREE Webinar Series: CLICK HERE
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE--
SUBSCRIBE for more Replace Your Income:
https://bit.ly/ReplaceYourIncomePodcast
If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
Additional Resources:
- Sign up for Don’s FREE Webinar Series: CLICK HERE
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE--
SUBSCRIBE for more Replace Your Income:
https://bit.ly/ReplaceYourIncomePodcast
If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
Key Takeaways:
- (3:20) Introduction to Andrea Barnes
- (4:15) Our trajectory was changed
- (8:00) We were new to real estate
- (14:10) How much time it takes with a DFY System
- (23:00) The team makes a difference
- (29:00) The things you must take charge of in order to sit back
- (37:00) Final thoughts and value you can understand
Additional Resources:
- Sign up for Don’s FREE Webinar Series: CLICK HERE
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE--
SUBSCRIBE for more Replace Your Income:
https://bit.ly/ReplaceYourIncomePodcast
If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
Key Takeaways:
- (2:45) Introduction to Jodi
- (6:00) Our baseline
- (8:04) We're super excited about Indy
- (14:00) A purchase-worthy property
- (14:50) Update on Indy as it is today
- (20:30) Specialized Property Management
- (27:12) Final thoughts
Additional Resources:
- Sign up for Don’s FREE Webinar Series: CLICK HERE
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
SUBSCRIBE for more Replace Your Income:
https://bit.ly/ReplaceYourIncomePodcast
If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
Key Takeaways:
- (2:18) Introduction to the Game Plan
- (3:50) The beginnings of the Game Plan - The Napkin Presentation
- (7:34) How we are better because of the evolution of our Game Plan
- (11:24) A real-life example
- (17:52) Football analogy
- (23:04) Economic independence could be one property or more than ten properties
- (31:46) What the Game Plan / Property analysis
- (35:03) Your Game Plan RIGHT NOW: Get Your Next Property As Quickly As Possible.
Summary:
Hey there, fellow listeners! Kevin Clayson here, and I'm thrilled to share the incredible benefits of our Game Plan Review and Property Analysis at Done For You Real Estate. In this episode we will dive into the evolution of the GPR by relating it to a recent football documentary I've found on Net
Imagine this: you've already got a few successful investment properties under your belt, but you're hungry for more. Our Game Plan Review is designed to take your real estate portfolio to the next level. We'll sit down together and dive deep into your financial goals, risk tolerance, and long-term vision. Our team of experts will craft a customized game plan tailored specifically to your needs, ensuring every move aligns with your unique objectives.
But that's not all! Our Property Analysis is the icing on the cake. We'll carefully assess potential properties for you, thoroughly examining market trends, rental potential, and cash flow projections. This means you can confidently add the right properties to your portfolio, making sure each one is a solid, cash-flowing asset. No more second-guessing – we've got you covered!
So, what are you waiting for? It's time to take action and pick up your next property with the guidance and support of Done For You Real Estate. Let's unlock your true investment potential and build a future that's financially secure and abundant. Your success story awaits, and we're here to make it happen – one property at a time.
Additional Resources:
- Sign up for Don’s FREE Webinar Series: CLICK HERE
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
SUBSCRIBE for more Replace Your Income:
https://bit.ly/ReplaceYourIncomePodcast
If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In this episode of Replace Your Income, we dive into the concept of "the wealth is in the waiting" and explore the power of patience in real estate investing.
🌾 Steve is in Canada!
Our host, Steve, reminisces about his time in Canada as he's back on the farm.
💥 The 2008 Market Crash:
We discuss the 2008 market crash and how it provided an incredible opportunity for investors. While many panicked, those who recognized the power of long-term investing reaped substantial wealth as property values rebounded over the next decade.
📉 Understanding FOMO - The Fear of Missing Out:
FOMO, the fear of missing out, is a common emotion that can influence investors to make hasty decisions. We explore the dangers or the gain of FOMO in real estate and why it's essential to avoid succumbing to impulsive actions. We wouldn't be doing our job right if we didn't tell you that right now is a great time to buy real estate because competition is low.
🏰 The Power of Patience:
Patience, as a virtue in real estate investing, can lead to significant wealth accumulation. We discuss the benefits of holding onto properties for an extended period and how the right timing can yield substantial returns.
Tune in to this insightful episode, where we emphasize the importance of strategic decision-making and the wisdom of "the wealth is in the waiting." Don't miss out on our valuable tips for long-term real estate success! 🌟
DFYRealEstate #PodcastEpisode #RealEstateInvesting #WealthBuilding #FOMO #PatiencePaysOff #TheWealthIsInTheWaiting
In today's episode, we visit with ILE CEO Mahesh Shetty and VP of Acquisitions Dan Brady. Years ago, Mahesh presented the idea of creating wealth for investors through single-family home investments. These two incredibly accomplished men used their experience, technology, and synergies to create ILE. Search ilehomes.com for more information.
Single-family rentals are easier to market if you have a specific buy box. Some "red flags" investments include those that are under high-tension powerlines, located around commercial buildings or corner stores and any home near a busy highway. The market opportunity for investing in single-family homes is over 5 TRILLION dollars! There is enough for everybody if you still want a piece.
Introduction to Mahesh and Dan (0:00 - 2:30)
The one thing we all can agree on (2:30 - 3:00)
The Story of ILE (3:00 - 7:51)
The ILE Buy Box (8:00 - 11:00)
Technology (15:10 - 16:00)
Investment Real Estate and Wealth (19:35 - 27:20)
Signing Off (27:30 - 29:34)
Welcome to the Replace Your Income Podcast!
Key Takeaways
- Meet Gary (0:45)
- How Gary got started in real estate (6:50)
- Opening the Dallas market (13:36)
- Where are we SPECIFICALLY investing? (20:54)
- Approving investment properties takes three sets of eyes (23:00)
- The experience of investing in Texas (31:18)
- Last words (37:08)
- Signing off (38:20)
Additional Resources
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Find out if you’re on track to retire in 60 seconds: TAKE THE QUIZ
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And remember...
Income replacement for you and your family may only be one property away!
Welcome to the replace your income podcast! In today's episode, we break down one of the most attractive attributes of real estate investing - CASH FLOW.
We will use golf, basketball, and an investor's mindset to deliver valuable content you don't want to miss!
0:00 Intro
4:00 Does it still make sense to buy real estate with negative cash flow?
7:40 Principal Paydown
11:38 We OURSELVES struggle
16:00 Golf and Basketball
18:00 Retirement Mindset
28:00 Conclusion
Watch the VIDEO of this episode!
https://youtu.be/bGMjyYGQfEY
Show Notes:
Intro (0:00)
New Studio (0:45)
Book Update (4:00)
What is a Normalized Market (16:20)
Opportunity Cost (23:00)
Closing Thoughts (29:00)
Additional Resources
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
In today’s episode of Replace Your Income, we have some important announcements to share with you!
We’re going to share how a text from an old friend and an Indian lunch has led to our latest property management announcement and why you should be excited about it… as well as our brand-new podcast recording studio.
But on top of that, we’re also going to be announcing the new market that we will be entering in 2023 and what our expectations are.
Make sure to check it out!
Key Takeaways:
- Intro (00:00)
- Our new podcast studio (02:06)
- Our management dilemma (09:35)
- How this decision came about (15:42)
- Our litmus test for new partners (23:19)
- Our newest market! (33:56)
Additional Resources
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we keep you up to date with everything that is happening in the market right now.
We’re going to be discussing demand, interest rates, and exactly what you need to be doing to navigate the current market… (And hint: it’s not sitting on the sidelines.)
Of course, if you turn on the news nowadays, it’s all doom and gloom. You’ll hear about price reductions on the east coast and west coast. But if you look at the markets that we have handpicked, there’s still no reason why it isn’t a fantastic time to invest.
Make sure to check it out!
Key Takeaways:
- Intro (00:00)
- Two websites you should check out (01:26)
- What’s the big picture of the market? (05:07)
- What’s going on with demand? (11:16)
- None of our clients have said this before (21:56)
- What the news is saying (23:11)
- Episode wrap-up (27:05)
Additional Resources: Learn more about Done For You Real Estate: VISIT HERE * Get a FREE Income Replacement Estimate (IRE): APPLY HERE * Register for our FREE Monthly Webinar Series: SIGN UP HERE*
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we are going to be unveiling our newest methods of analyzing properties, and outlining all the key metrics you need to know + unveiling a VERY special project we have coming up…
This is a property analysis tool that breaks property down and breaks the potential profitability down in a way that’s better than anything else that we have ever seen - we don’t think there’s anyone else on the planet who is looking at real estate in this way!
This is born out of 15 years of blood, sweat, and tears. From success and failure, from doing deals to losing deals, this has been nothing but our experience for a decade and a half.
And in today’s episode, we are going to share it with you.
We’re also going to share a brand new way for you to get a whole range of purchasable properties sent straight to you every single week. It can’t get much better than that!
So make sure you check it out!
Key Takeaways:
- Intro (00:00)
- It’s been a great year for us (03:44)
- Why you have to be able to adapt (09:37)
- We are super excited to share this with you (15:02)
- Our new tool of property analysis (20:38)
- Is cash flow king? (22:03)
- Does past performance = future performance? (30:06)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we are going to be discussing the opportunity to use a buydown to lower the interest rate on a purchase in order to increase cash flow.
If you turn on the news now, all you’re going to see is the talk about the interest rate. We want to let you know that in your current environment, right now, there is a way to lower your interest rate.
Now we aren’t saying that you’re going to be able to bring your interest rate down to about 2% like it was a couple of years ago, but it is possible to lower it!
And in order to explain this, we’ve brought a very special guest onto the show - Nathan Larson is going to be on to discuss the real numbers on single investment properties.
On top of that, we have a very exciting announcement to make in today’s episode, so make sure to check it out!
Key Takeaways:
- Intro (00:00)
- The only constant in real estate (04:16)
- The critical mindset shift (08:41)
- Can you really lower your interest rate? (13:24)
- Our big announcement (21:45)
- The importance of thinking long-term (34:28)
- Episode wrap-up (40:32)
Additional Resources:
Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
In today’s episode, we’re gonna be talking about the ways in which real estate can have a massive impact on your day to day life, and when this starts to happen.
Hint: It can be sooner than you think.
Here at DFY Real Estate, we help people to invest their first dollar in real estate, and in doing so, we’ve seen first-hand the massive effect that real estate can have on people’s lives.
So in today’s episode, we’re gonna be talking about what we call ‘The Magic Number’, and how it impacts your life…
Because eventually you’ll reach a stage where you find a new sense of economic confidence and peace of mind, and we want to show you the fastest way you can get it.
So make sure you check it out!
Key Takeaways:
- Intro (00:00)
- What I learned at Funnel Hacking Live (02:58)
- How many properties do you need? (10:19)
- The truth about the economy (13:57)
- What is the magical money machine? (16:33)
- The importance of a long term perspective (20:49)
- The importance of passion (28:36)
Additional Resources:
Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we are gonna go through the true cost of sitting on the side-lines, and not getting involved in the real estate game.
Even if the market is in a pretty uncertain place, there is still good reason to have optimism.
For example, even think about what happened between 1970-1981, because that was very similar to what is going on today!
And now consider what buying real estate back in the 1970’s and holding on to it would do for your financial life, 50 years later.
The truth is, that we don’t want you to miss out on the amazing opportunity that still exist for people investing in real estate, and we want to show you what you can do with real estate.
So make sure to check it out!
Key Takeaways:
- Intro (00:00)
- How you should look at the current market situation (03:39)
- What this movie has to do with real estate investing (05:25)
- Taking another perspective (12:06)
- The best mindset for real estate (19:33)
- My favorite real estate story (24:18)
- Episode wrap-up (34:54)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today’s episode we have the biggest announcement of the year!
“This book we’re writing is based on experience” - Steve Earl
So if you listened to the very end of the last episode, you would hear that Steve and I announced we hopped on the Inc 5000…
And today… we wanna let you know that we are in the process of working on a book!
And this book has had a lot of late nights, a lot of editing and a lot of blood, sweat and tears.
But let me tell you, this is NOT just a real estate book, Steve and I have put so much more into it, we have put in some of the life-altering principles that we have learnt along our journey.
And today, we’re gonna give you a little sneak peek inside the book, and shed light on some of the value that the book contains.
Make sure to check it out!
Key Takeaways:
- Intro (00:00)
- What we have been working on (05:51)
- Why this isn’t just another real-estate book (07:27)
- The habit that changed my life (10:29)
- The truth about how we invest (13:52)
- What this book is about (24:49)
- My favorite chapter from the book (28:38)
- The difference between gurus and guides (30:28)
- Episode wrap-up (42:28)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, Steve and I have our crystal balls out, and are talking about what the next 6-12 months holds in the real estate market!
“We’re expecting that home prices will continue to increase” - Steve Earl
With inflation, gas prices and interest rates on the rise, it doesn’t paint a very pretty picture for the real estate market at the moment.
But what goes down, has to come back up again. Steve and I are anticipating a much healthier 12 months coming up as the market begins to stabilize.
So in today’s episode, we’re gonna be discussing the best ways for you to prepare yourself for that, and why taking the long-term view is the most important thing.
Make sure to check it out!
Key Takeaways:
- Intro (00:00)
- What we expect in the coming year (03:17)
- Worried about a massive rise in prices? (08:56)
- The good thing about equity increases (10:23)
- The baseball analogy that explains our mindset (12:48)
- Episode wrap-up (26:27)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, Steve and I discuss how real estate is never static, and how it always wins in the long term.
"If you play the long game in real estate you always win" - Kevin Clayson
Because the truth is, when you step back far enough and take the long term view, real estate investments always outperform stocks, bonds and crypto investments!
And like we’re gonna talk about today, there’s never been a better time to get started in real estate investing…
And this all comes down to the fact that the market is never static!
Because at the end of the day, that’s where the opportunities arise for investors like you and I. This is where we can take advantage of the current market conditions.
So make sure you check today’s episode out!
Key takeaways:
- Intro (00:00)
- Why real estate isn’t static (06:14)
- The craziest lending environment we’ve seen (11:40)
- Why we don’t care that there’s a recession (19:30)
- This is where the opportunities come from (26:20)
- Episode wrap-up (29:55)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we’re gonna be talking about why you shouldn’t be stepping over dollars to pick up the dimes.
“Your micro-wins will always stack up” - Kevin Clayson
This is more important than ever now. With the increased interest rates, people have never been more cautious about investing in the market.
But as Steve and I are here to explain, this is still an incredible time to get involved in the real estate game!
We’re even going to introduce our own way of measuring just how great real estate can be, using what we call the “Monthly average increase”.
We’re going to explain how you can find that number, and why it’s so important too.
Make sure that you check it out!
Key Takeaways:
- Intro (00:00)
- The article that inspired this episode (04:33)
- Do interest rates make you fearful (08:06)
- What is ‘Monthly Average Increase’? (15:54)
- The importance of depreciation (20:00)
- Looking at the 5-year picture (23:42)
- Why we aren’t afraid (24:17)
- Episode wrap-up (27:49)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we are super-lucky to be joined by Ryan Lee from Cashflow Tactics!
“I felt like I had been given a second chance” - Ryan D Lee
Ryan has been involved in the real estate game for over a decade now. He started off strapped for cash commuting between states and now is the go-to guy in the industry for real estate tactics.
Today, he’s here to tell us about his life before meeting real estate, what changed his life, and how he turned his financial life around by learning the skills of investing.
And on top of that, he’s going to share his mindset on investing, and the strategies that have helped him through his toughest times.
Make sure to check it out!
Key Takeaways:
- Intro (00:00)
- The seed we planted in Ryan’s mind (06:09)
- Ryan’s belief about life (11:13)
- How 2008 affected people’s lives (12:46)
- A core principle to live by (19:04)
- How one book changed Ryan’s life (21:30)
- The truth about real estate and pain (26:35)
- Why you need principles (29:08)
- Number 1 problem-solving strategy (37:09)
- Responsibility vs fulfillment (40:25)
- Episode wrap-up (54:26)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we’re gonna be talking about the ways that you can turn the problems in your life into possibilities!
“Every time you solve a problem… you learn a little bit more” - Steve Earl
No matter what area of your life it is, business, love, family, real estate… your ability to turn problems into solutions will pay you back a hundredfold in the future.
You’ll become the guy in the office everybody turns to for solutions… you’ll be the one everybody looks to when they are in trouble.
And the best part is, that this isn’t all that difficult to do!
Just a few basic strategies and a mindset twist should be all that you need.
So in today’s episode, Steve and I are gonna talk about all the best ways for you to turn your next problem into a solution.
Make sure to check it out!
Key Takeaways:
- Intro (00:00)
- What changed my perspective on problems (04:08)
- Why I started investing in lunches (05:40)
- The framework I use (07:34)
- A recent example (10:09)
- What happens when we perceive a problem (13:57)
- Why we can’t act with fear (18:58)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we are going to discuss if the real estate market is really tanking… or if it’s just returning to normality.
“Look, we may have a modest recession - but it’s not going to be a great recession [says the report]” - Kevin Clayson.**
In today’s podcast episode, we are going to go through a market forecast by Fannie Mae on the real estate market across the country, and discuss its implications of that on the real estate market.
This inclusive report details everything that an investor needs to know, reflecting on the interest rates, inflation levels, and property values across all different areas of the country.
If you’re already in or thinking of getting involved in the real estate game in 2022, then this episode is a must-watch for you.
Make sure you check it out!
Key Takeaways:
- Intro (00:00)
- The truth about our philosophy (07:06)
- What the report has to say (09:42)
- The opportunity cost of sitting on the sidelines (16:24)
- What we have to keep in mind about prices (25:14)
- Episode wrap-up (36:31)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
Join us as we unveil the latest location of our brand new market on Done For You Real Estate!
“These two cities are just fantastic areas.” - Steve Earl.
At Done For You Real Estate, we have a goal to help super busy people to gain all the financial benefits of owning real estate without having to deal with the headaches of owning or maintaining the property too.
And in doing so, we work tirelessly to ensure that we are always uncovering new markets and new locations to find these ‘Home-run’ deals.
And in today’s episode, we are super excited to present our newest location to our followers!
We’re gonna be talking about the power of having multiple locations, the importance of having available inventory, and the true importance of the property location.
Oh, and in this episode, we are going to be joined by our newest Director of Market Operations, he’s going to reveal our newest location!
Make sure to check it out!
Key Takeaways:
- Intro: (00:00)
- The background to this decision (03:57)
- Our newest director of market operations (06:28)
- Our newest market location (13:32)
- Is the location everything? (20:38)
- Episode wrap-up (36:04)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
The current state of the markets, tied in with the events happening in the world right now, paints a pretty pessimistic picture of the market today.
But as Steve and I are here to explain, the truth isn’t quite so!
“We want you to see the context of what’s happening right now” - Kevin Clayson
In fact, there’s never been a better time for people to get involved in real estate investing. When you pull back the curtains and examine the numbers, it’s still the perfect time to invest.
In fact, it even outshines cryptocurrencies, 401k’s, and the stock market on returns. As we are about to explain, there’s a whole lot more to know than just the headlines that you see on the news.
We’re going to examine the market responding to inflation, the effect this has on home prices, and the availability of cash flow.
Make sure to join us to find out more!
Key Takeaways:
- Intro (00:00)
- Should you really be worried about the market? (01:12)
- The reality of the current situation (03:12)
- Is it a good time to be in real estate? (06:08)
- What’s happening with inflation? (09:52)
- The truth behind appreciation (19:42)
- Why expectations are so important (25:18)
- What is affecting your ability to buy a property (26:32)
- Episode wrap-up (29:39)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
At Done for You Real Estate, we are extremely proud to have helped such a wide range of customers to get started in real estate investing and to grow their portfolios.
And in today’s episode, we present a run-down of the most eye-catching elements from our 2021 acquisition report.
We analyze what our strengths and weaknesses were in 2021, and how the market has reacted as we enter the post-pandemic era.
We’ll be giving value on what the average investor can learn from how the market behaved in 2021, and discuss the exciting opportunity that the future holds for us in 2022 and beyond.
Make sure to check it out!
Key Takeaways:
- Intro (00:00)
- How we generated $88 million in 2021 (05:45)
- Is Real Estate growing? (11:12)
- My favorite part of our 2021 report (13:19)
- Why we rejected 270 properties in 2021 (18:46)
- You can’t ignore this number when investing in real estate (23:25)
- Should you be pulling chips off the table? (25:43)
- Episode wrap-up (32:57)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we are going to unveil the fastest way to grow your real estate portfolio.
“Having a long-term perspective helps you get through the messiness in real estate.” - Mike Chamberlain
On today’s podcast, we interview DFY Real Estate Portfolio Optimization Team Head, Mike Chamberlain. Mike is an integral part of the success of Done For You Real Estate and has an extensive background in real estate investing.
He even recently received the President's Award for the Pleasant Grove Chamber of Commerce.
In today’s episode, he’s going to share with us the easiest way to accelerate your portfolio growth in real estate investing.
All the mindset hacks, strategic growth plans, and investment tools he’s used in his own career will be revealed.
Make sure to check it out!
Key Takeaways:
- Intro (00:00)
- How to view your real estate after you purchase it (06:20)
- What to consider after you make a purchase (10:28)
- Why you have to have an intention with your investment (13:26)
- What is a property market review? (16:54)
- Having a long term perspective (26:04)
- Real Estate investing and karate (30:52)
- Episode wrap up (33:51)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we talk about why Micro-winning is so important.
“What’s instrumental to the success of our clients, is micro-winning” - Kevin Clayson.
The Moneyball mindset is the foundation to the wildly profitable success we’ve had with clients at Done For You Real Estate.
But what’s the secret basis of all of this success? This success relies on us enjoying the smaller wins along the journey to our dreams and ambitions.
Not only does doing so help us reach our goals faster, but it leaves us more fulfilled and happier even after we have reached our goals.
In this episode, we go through how the power of micro-winning has brought us incredible success in real estate investing, and everything you need to apply it to your own life.
If you are passionate about maximizing your potential and achieving your goals, then you have to check out this episode!
Key Takeaways:
- Intro (00:00)
- What are Micro-Wins? (04:32)
- The similarities between Real Estate and football. (05:30)
- What my son accidentally taught me about micro-wins (16:13)
- Using wins to fuel action (22:55)
- The importance of being prepared (25:10)
- What to really focus on (30:50)
- Episode wrap-up (33:10)
Additional Resources
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we dive deep into why urgency can be the difference between success and failure for most people.
“Having a sense of urgency is different to moving for the sake of moving” - Kevin Clayson
In the modern world, many people will act aimlessly without any clear intention or final destination. But as we teach in today’s episode, that's not the best way to go about our professional lives.
In all aspects of our careers, but especially when it comes to investing - acting with urgency pays off. People who act with a sense of urgency make themselves open to more opportunities, connections and can react more quickly to situations.
And as is explained in today’s episode, over the course of a 5-10 year span, these little differences can add up to the difference between winning or losing.
Make sure to check it out!
Key Takeaways:
- Intro (00:00)
- The conversation that changed our perspective (01:41)
- Movement vs Achievement (03:36)
- The similarities between real estate and football (07:05)
- Having a long-term perspective (12:34)
- When urgency isn’t the best policy (13:39)
- What can we expect from interest rates (18:56)
- Are prices going up or down? (24:40)
- Episode wrap-up (31:02)
Additional Resources
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
“We look at the dollar investment, but forget we are playing with emotional and mental capital” - Kevin Clayson
In today’s episode, I am gonna share an in-depth interview I performed recently and talk you through everything I've learned about success in passive real estate.
I've been fortunate enough to become a best-selling author in over 20 countries and have been helping thousands of clients transacting over $400 million worth of real estate investments. Including $175 million in the last year for DFY clients!
Today, I'm going to talk you through my story, sharing valuable insights I've picked up across my career.
Key Takeaways:
- Intro (00:00)
- My real estate journey (03:21)
- The importance of confidence and expertise (04:28)
- The reality of real estate (08:11)
- The power of DFY Real Estate (20:02)
- What’s happening in real estate now (23:21)
- What a Hollywood movie has to do with real estate (27:50)
- What you have to know about financial freedom (41:18)
- Find out more about DFY Real Estate (47:59)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
“It’s the perspective that makes all the difference in the world” - Steve Earl**
In today’s episode, Kevin and Steve get together to discuss how your perspective can influence real estate investments.
Not many people consider perspective in real estate. Lots of people are more focused on getting down to the gritty details that they fail to look at the bigger picture. In doing this, however, they never take the time to consider the bigger picture and their long-term goals.
But what if you kept that in mind? What if you were able to use the Moneyball mindset, consistently hit ‘singles’, and fulfill your long-term ambitions? That's what Steve and Kevin are discussing in today's episode!
Key Takeaways:
- Intro (00:00)
- What can we predict for 2022? (03:30)
- What’s the one thing that can make all the difference in real estate? (04:59)
- Using perspective in real estate investing (08:54)
- A real-world example (13:35)
- Why perspective really is the key (22:24)
- Perspective in market crashes (25:37)
- Episode wrap-up (32:37)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
“Real Estate does not change value on a whim, because the public opinion sways one way or the other.” - Kevin Clayson
In today’s episode, Kevin and Steve dive deep into why real estate is considered to be the best investment for your money.
With such unpredictability in the investment markets in the last 18 months, it has brought into light why real estate is still considered one of the safest and profitable investments in the market today.
It consistently proves to be more reliable and predictable than
- Stocks
- Bonds
- Cryptocurrencies
And even more profitable than 401k systems.
Kevin and Steve examine the multifaceted nature of real estate, and how each of them can work on its own, or simultaneously to maximize profits from your investment.
Make sure to check it out!
Key Takeaways:
- Intro (00:00)
- Why you shouldn’t aim for perfection (07:21)
- Why you need a system to scale (10:56)
- Similarities of real estate and baseball (11:43)
- Why real estate is better than stocks (15:28)
- Why leverage is so valuable (18:19)
- Real estate vs 401k (21:22)
- Why you need data-driven decisions (23:29)
- Aiming for the ‘singles’ vs ‘home-runs’ (24:10)
- Episode wrap-up (36:40)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
“I think, personally, this has been the best year that I think we've seen as a company.” - Kevin Clayson.
In today’s episode, Kevin and Steve get together to discuss and reflect on 2021, and what is to come in 2022.
In this year alone, our average property value across our portfolio increased by $50,000. And when tied in with all the properties owned by our clients across their portfolios, that results in hundreds of millions of dollars of wealth netted by our group of clients.
But what opportunities has the market created for 2022? How can you set yourself up to best take advantage of this and how can you get the odds of success in your favor? Everything you need to know to be prepared for the year ahead is right here.
If you want to take advantage of this opportunity to change your life in 2022 then don’t miss this episode!
Key Takeaways:
- Intro: (00:00)
- Assessment of 2021 (01:49)
- How much did our property values increase in 2021 (03:36)
- The opportunities in refinancing (09:46)
- How could the market change in 2022? (10:56)
- Should you be doing yearly property reviews? (14:40)
- Is it still a good time to buy real estate? (19:46)
- Episode wrap-up (26:15)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, Kevin and Steve dive deep into why you should ‘stop checking the scoreboard’ on your journey to success in life.
“We can celebrate the accomplishment that we do today and that is the Moneyball mind at work” - Kevin Clayson
In the modern world, it can become so hard for people to be happy with what they have. We often see plenty of people dissatisfied with what they have because they compare themselves to other people.
When this happens, we constantly fail to appreciate the smaller wins we accomplish along the way. We are scrambling around, trying to maintain a focus on the larger goal we seek to achieve.
This frame of mind can carry over into any facet of our lives. Whether you are looking to expand your business, improve the relationship with your spouse or lose weight, making the most of this Moneyball mindset can revolutionize your perspective on achieving goals.
If you’ve ever reached a goal you sought but realized the joy comes in the small wins along the journey, then today’s episode is for you.!
Key Takeaways:
- Introduction to the Moneyball Mindset (00:00)
- What does checking the scoreboard mean? (03:03)
- How it impacts motivation (06:26)
- A real-world example of checking the scoreboard (08:37)
- Checking the scoreboard in real estate (13:41)
- The true cost of checking the scoreboard (14:49)
- Another real-life case study (16:03)
- The long term effects of checking the scoreboard (23:00)
- How this applies to other areas of life (26:45)
- Episode wrap-up (36:57)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
Today’s episode introduces the worst-case scenario when investing in real estate.
It’s something that we get asked quite often. When people imagine investing in real estate, they automatically begin to think about what’s the worst that could happen. And for some reason, they seem to exaggerate all the things that could go wrong for them.
So today, we discuss the worst-case scenarios, the realistic case scenarios, and finally how we have created our systems to mitigate those risks and difficulties. If you’ve ever felt anxious about investing in real estate, then today’s episode is for you!
Key Takeaways:
- Intro (00:00)
- What actually is the worst-case scenario? (07:56)
- Is this scenario realistic? (09:10)
- Do I have to worry about the market crashing? (10:31)
- Can I avoid this scenario by picking the right tenant? (12:19)
- Why is a property manager so important? (21:00)
- What can I expect in the long run? (23:12)
- Why is insurance so important? (26:26)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
“The Moneyball Mind philosophy has transformed everything that we do.” -Kevin Clayson
Today’s episode introduces the fundamental, principle-based, philosophical approach that is the framework for our success and the success of our clients.
The Moneyball Mind is the key to real estate, real life, and business success. It has become a fundamental piece of everything we do at DFY Real Estate USA. It is what we teach and do in our real estate, homes, and business.
This philosophy of celebrating micro wins along the way is a process of continuous fulfillment in the present.
- It isn’t just arriving at a destination
- It isn’t just swinging for the fences
- It isn’t just showing up one day and saying that you have won
This mindset has quite literally transformed everything that we are and so. So, we are putting it all in a book. If you would like to get the full details, start listening to this podcast.
Key Takeaways:
- Introduction (0:00)
- Real estate should be a reflection of how you live your life (13:43)
- What’s the Moneyball Mind? (15:18)
- Celebrating wins along the way changes everything (19:43)
- We have become the Moneyball Mind (29:47)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
“As a real estate investor, inflation increases the value of your properties.” -Adam York
In today’s episode, Kevin gets together with Adam York, Account Executive for DFY Real Estate, to discuss how you can put inflation to work for you.
Most people view inflation through very negative lenses. That isn’t something new, and while we may not love the idea of inflation, the essential truth here is that if we can’t fix the fact that inflation is ever-present, we must change the way we view it and learn to use it to our benefit.
What if you could actually partner with inflation? What if it could help you achieve your income goals? We know there is a way you can do this and more. A method that will make you like inflation instead of despising it because it exists.
So, if this sounds interesting enough, click the button and don’t miss this episode!
Key Takeaways:
- Introduction (0:00)
- Real estate hedges inflation (8:02)
- How many ounces of gold did a home cost in 1970 vs. 2021? (15:39)
- The benefits of inflation (20:00)
- Tools to leverage equity and put it to work (28:10)
- Should I wait to buy because the prices are very high now? (31:16)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
“We aren’t just buying. We’re leveraging relationships and years of experience.” -Kevin Clayson
Today’s episode talks about how we get properties to purchase and help our clients do the same.
We discuss how we use our relationships with suppliers to get exceptional properties, which is probably the essential part of the equation. Also, be ready to listen about how those same contacts and relationships help us supply our clients with properties from:
- New construction homes in prosperous markets
- Existing construction homes we find on the MLS
- Homes that never hit the open market
Those last resources are available because our contacts allow us to access inventory others cannot access. Isn’t that cool? You will learn about that and some more!
So, if this sounds interesting enough, click the button and don’t miss this episode!
Key Takeaways:
- Introduction (0:00)
- How we deliver 15 niche properties in Florida each month (10:00)
- Our builders in Indiana are willing to sell us hundreds of properties (14:44)
- Leveraging relationships and years of experience (15:42)
- A deeper look at how we work in Memphis (20:17)
- Did you know we are writing a book right now? (28:44)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
“If you’re a prepared buyer, it’s always a good time to buy.” -Kevin Clayson
Today’s episode is about the difference between market value, asking price, and appraised value.
In this unique and brand-new market situation, all three values may differ, but they would all align in a “normal” market. We discuss how to look at these various values and their impact on an individual’s purchasing power right now.
We are sure that this can make a difference in your life. If you understand the market, you can invest and make your moves without fear. In that lies the importance of going beyond the standard industry practices and following a more practical approach to real estate (one that gets you better results and more freedom).
In principle and philosophically, real estate can help to replace one’s income bit by bit over time. It can work for you twenty-four hours a day, seven days a week, even when you don’t think about it.
And so, the more you understand it, the more you can benefit from it.
Key Takeaways:
- Introduction (0:00)
- There’s a need for more prepared buyers (4:50)
- A property’s worth is whatever someone is willing to pay (7:35)
- Some people are even paying above the asking price (15:14)
- If you’re a prepared buyer, it’s always a good time to buy (24:13)
- If you understand the market, you can invest without fear (25:41)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we talk about the death of the 1% Rule in real estate investing.
“Rules of thumb aren’t bad, but they can get in the way of good investments.” -Kevin Clayson
The 1% Rule is a rent to price rule that has dictated the “what makes a good investment property” conversation for a decade.
This rule was the judging value of whether or not investors wanted to look at a specific property. Since it is just a simple metric (based on what the rent is and what the purchase price is), following it religiously led many people to overlook good deals and waste time where they could have been receiving cash flow.
The unspoken part about the 1% rule is that only about 1% of the properties meet that criteria. That’s very few properties. The truth is that this rule does not work and is no longer a viable way to evaluate a property.
Dive in to get all of the details.
Key Takeaways:
- Introduction (0:00)
- The death of the 1% Rule (6:22)
- The unspoken part about the 1% Rule (8:58)
- The importance of calculating the opportunity cost (11:04)
- Properties have multiple profit centers (14:25)
- A sports analogy to deepen on these concepts (25:00)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we discuss some of the thoughts and principles that will help investors make the most of their relationship with their property manager.
“Property managers love our clients because we provide them with a high-quality product.” -Kevin Clayson
The property management companies that we work with genuinely care about the property, our clients’ experience, and their goal is to make money on the property and that our clients are happy.
However, not every real estate investor goes through the same experience. Many people go and try to find a property manager, somebody that can rent the home out. The issues start because they don’t interview that property manager and find out the best way to work with them or how they will communicate with you and you with them.
Just like communication, there are other things we can do to get the most out of our property management experience, and we want to talk a little bit about that today.
Key Takeaways:
- Good property management makes properties profitable (9:56)
- Why good communication with your property manager is essential (14:34)
- Every property management company has different personalities (19:41)
- Understanding how economic incentivization drives property managers (25:48)
- Develop a good relationship with your property manager (29:11)
- Episode wrap-up (32:14)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we interview Chris Miles, Cash Flow Expert and owner of Money Ripples, about how most financial advisors are frauds.
“The question to ask every financial advisor is ‘Are you financially free?’” -Chris Miles
Chris is an anti-financial advisor. He’s the right person to talk about this.
After working as a traditional financial advisor and stock coach for several years, Chris came to a stark realization that the financial advising industry was not showing anyone how to quickly and safely become financially prosperous today.
After leaving that industry, Chris was able to retire when he was 28 and has since worked to teach his effective, unique strategies while exposing the popular myths around money that have kept so many from enjoying financial freedom and peace of mind.
Today’s episode is one you can’t miss, but before clicking “play” consider this:
Financial advisors can't even retire off of the financial tools they tell you to invest in, so why would you dedicate your future to broken financial tools?
Key Takeaways:
- What turned Chris into an anti-financial advisor (8:26)
- Passive income is what creates freedom (16:34)
- Using life insurance policies to buy real estate (25:16)
- Ask every financial advisor: “Are you financially free?” (30:05)
- Where can I learn more about Chris' work? (36:29)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
- Visit Money Ripples to learn more about Chris’ work: VISIT HERE
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Income replacement for you and your family may only be one property away!
In today’s episode, Steve interviews the DFY Acquisitions Director for Florida, Ryan Hinricher, and they provide a market update on Florida.
They let us know why real estate demand and growth will continue in that state.
“People love living here because Florida’s best things never change.” -Ryan Hinricher
Steve has been traveling to all of our markets. In Florida, and had a chance to talk to Ryan, who is our acquisitions director in the state of Florida.
Steve and Ryan had this great conversation about:
- Why Florida is still booming
- The driving factors behind this prosperity
- Our newer market areas in Florida
- The new construction projects and their impact
Things are going very well in Florida, and the scenario looks pretty optimistic for the future too.
Today’s episode is a great one. We are sure you're going to enjoy it.
Click “play” for the full details, and we'll talk to you soon.
Key Takeaways:
- Introduction to the Florida update (0:00)
- How is migration affecting the market? (6:25)
- The crucial role of infrastructure projects on Florida’s market booming (8:40)
- How COVID favored the real estate market in Florida (13:28)
- These are Florida’s unique advantages (23:56)
- Is right now a good time to invest in Florida? (26:44)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we interview our team on the ground in Oklahoma City again, and we get an update on how it's going and how great it's going.
“From an appreciation standpoint, the market looks very, very strong in Oklahoma City.” - Steve Earl
Steve Earl is in Oklahoma City right now, with our team members, Gary and Preston Norris.
They are going to:
- Run us through the numbers and what the cash flows are looking like
- Discuss what the property purchase prices are looking like
- Share what the market is looking like on the ground
- Discuss the differentiating factors of why we're able to go and find incredible deals
- Give us some other really cool market updates and information about Oklahoma City
You guys are not going to want to miss this episode. So stay tuned.
This is one that you're going to love.
Key Takeaways:
- Introduction to the OKC Update (0:00)
- Property prices, rent ranges, and more (10:23)
- Data insights, proformas, and the vetting process (15:16)
- New construction is an option here (24:10)
- Why Oklahoma City is a hot market (28:52)
- “You want to own supply, where demand is high” (32:10)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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FOLLOW for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
In today’s episode, we discuss the conclusion of the nationwide eviction ban, and we talk about the ramifications the eviction ban has had over the last year, as well as what people need to know about the topic moving forward.
“The NAR helped the government take care of both tenants and landlords.” -Steve Earl
You know we're not like a radio talk show where we're talking about current events every day. However, we know that you're listening in real-time, so we want to give you the stuff that matters to the real estate market and to your real estate portfolio.
So today, we are going to be talking about (you've probably heard this in the news recently) the eviction moratorium.
We really feel this is pertinent to our clients because we're all about rental properties, and this has affected many of our clients in terms of getting rent or not getting rent.
We have some interesting information and statistics, specifically about our markets and our clients. We will speak also about the national market and kind of how the deadline is coming and going when the eviction moratorium no longer can be enforced.
Click "play" for the full details!
Key Takeaways:
- Let’s talk about the eviction moratorium (3:17)
- The NAR helped the government take care of both tenants and landlords (6:42)
- How COVID brought mixed feelings to real estate owners (10:59)
- Lessons from the book Give and Take (12:54)
- During COVID, we won by being smart about our approach to real estate (22:38)
- How to differentiate some investments from others and decide on the best (23:41)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
- Read a CNBC Article About States That Will Continue Banning Evictions: VISIT HERE
- Visit the Treasury Emergency Rental Assistance (ERA) Dashboard: VISIT HERE
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And remember...
Income replacement for you and your family may only be one property away!
Today we’re talking about inflation, how reports state that it is still increasing very fast, and how real estate gives us the ability to navigate it more successfully than many other things.
“Get into real estate because it can act as a hedge against inflation.” - Kevin Clayson.
We see it in real-time, with our own eyes. Inflation grew in June, more than at any other time since 2008. We saw inflation increased to 5.4%, and it’s showing on the things we consume every day.
Inflation is essential in our economy and a part of growth, but when it grows too quickly, it becomes unhealthy and can ultimately hurt many people.
Since real estate is tangible and there is a limited supply, it works as a natural hedge against inflation.
Listen as we discuss how you can protect against this tangible threat, and not even that, but take advantage of inflation and use it to replace your income and find financial freedom.
Key Takeaways:
- Inflation is increasing, and the price of things we use daily is going up (1:34)
- Inflation is growth, but when it happens too fast, it hurts a lot of people (7:39)
- How real estate is a natural hedge against inflation (12:31)
- Why the price of homes goes up (14:50)
- Inflation is real and is increasing. You need to learn to navigate it (21:45)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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And remember...
Income replacement for you and your family may only be one property away!
Today, we’re talking about what's the difference between having a real estate plan and having an outline for the success of your real estate investments.
“A flexible outline, instead of a rigid plan, allows you to capitalize on opportunities as they show up.” - Kevin Clayson
Investing with purpose and having a game plan is very important. For many people, a plan is listing step one, step two, and step three and defining an ideal endpoint. The truth is that real estate cannot be put into that kind of a cage because there are so many things that can change along the way.
You can know where you’d like to get with real estate and have an idea of what you need to do to get there, but you don't necessarily know what the market will look like in twenty years, ten years, or even in five years. Some elements of the market are predictable, but some aren’t. That’s why we know a regular plan won’t work.
Listen as we discuss how to use an outline for success in real estate.
Key Takeaways:
- Why a rigid plan doesn’t go along well with real estate (6:29)
- Using an outline to balance what you can and can’t control (11:56)
- How one of our clients approached unexpected things with her real estate (16:42)
- An outline allows you to maximize the performance of your transactions (22:37)
- The key is to move based on your current real estate portfolio (29:49)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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And remember...
Income replacement for you and your family may only be one property away!
Today, we’re talking about all of the ways DFY differs from traditional Turnkey Providers and the ever-so-popular Buy, Rehab, Rent, Refinance, Repeat model.
“One of the ways DFY differs from other companies is that we’re long-term thinkers.” - Kevin Clayson
The idea for today’s episode actually came from a conversation Kevin had with one of our listeners. Kevin asked him, what he wanted to hear us talk about? His answer: he wanted to know what makes the DFY model different from Turnkey and BRRRR.
For those not familiar with these models, here’s a short explanation:
- Turnkey Model: A Turnkey provider will purchase a property, rehab it with their own money, rent it out, and then sell it to someone else.
- BRRRR Model: BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat. An investor buys a property, renovates it to add value, rents it out, and repeats the process.
Now, these two models are extremely popular. Many people use them. However, DFY is something completely different. What makes us so different?
That’s not so easy to articulate. We have a pretty distinctive formula. For us, the way to invest in real estate depends on the type of clients we have. Our methods are so unique, because our clients are so different from the typical investor. .
Listen as we discuss why this forced us to create a unique investment model.
Key Takeaways:
- Celebrating the anniversary of Replace Your Income podcast (01:07)
- How the idea for today’s topic came about (03:16)
- What makes DFY different from other real estate investment companies (06:24)
- How long-term thinking affects our investment method (10:20)
- Planting, cultivation, and harvesting your real estate investments (16:01)
- Handpicking properties and working with individual clients (26:02)
- Using relationships we built over the years to help our clients (31:55)
- Why it’s so hard to come up with an elevator pitch for DFY (35:38)
- How DFY works with individual clients and final thoughts (38:25)
Additional Resources:
- To get in touch with Gary Norris: CLICK HERE
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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And remember...
Income replacement for you and your family may only be one property away!
We’re talking to Gary Norris, one of the best DFY Real Estate acquisition directors, about opening a new market in Oklahoma City.
“I want all DFY clients to look at Oklahoma City and say, this is the city I want to invest in.” - Gary Norris
As we mentioned many times on this podcast, we’re constantly vetting different markets. The demand for properties and increase in clients simply warrants going into a new market. We’re glad to announce that we’re opening a new DFY market in Oklahoma City.
The decision to open an OKC market didn't come out of nowhere. We needed to do some research first. When we decided to go into a new market, a few months ago, we contacted Gary Norris.
We’ve had a relationship with Gary for more than 10 years, and we were really excited when he accepted our invitation to become a member of the DFY team. Back in 2000, Gary became interested in real estate.
Just five years later, he quit his job as a pharmaceutical sales rep to become a full time investor. Since then, he’s actually flipped nearly 100 properties, using his masterful negotiation tactics. He actually did a ton of research to help us determine which market we should expand to.
Tune in to hear how we met Gary, how our relationship developed over the years, and how he joined the DFY Real Estate team and helped us decide to open a market in Oklahoma City.
Key Takeaways:
- Opening a new DFY Real Estate market in Oklahoma City (03:42)
- Who is Gary Norris and how he became a member of DFY Real Estate (06:55)
- How Gary became a real estate agent and how he met (09:24)
- Gary’s journey researching different real estate markets (12:23)
- 32 different criteria for picking a great market for investment (18:36)
- How Oklahoma City checks all of the major boxes (22:54)
- What’s the feel of Oklahoma City and the style of homes (26:31)
- How Gary works with clients and what sets him apart from other agents (30:56)
- Future announcements and investing in the OKC market (34:52)
Additional Resources:
- To get in touch with Gary Norris: CLICK HERE
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
In this episode, we talk to Buck Sexton, former CIA operative, co-host of The Clay Travis & Buck Sexton Show, and our latest clients about real estate investments for really busy people.
“The way we work in this country has changed forever, and it’s not going back.” - Buck Sexton
To say that Buck Sexton has led an interesting life would be an insult. Buck worked both as a CIA officer and a counterterrorism expert with the NYPD. He also worked as a national security editor for TheBlaze.com, the media network founded by Glenn Beck.
If his name sounds familiar, that’s probably because you’ve heard about “The Buck Sexton Show” which aired on more than 200 stations across the country. Buck, alongside Clay Travis, is also taking over the time slot once filled by the late talk radio king, Rush Limbaugh.
Oh, he also has a TV show of his own, coming to the air in the next few months.
Yes, Buck is a busy man. However, even with not a lot of time on his hands, he’s still one of our highest-earning clients. That’s because he’s investing in real estate the right way.
Tune in as we discuss how you can invest smartly, even when you have a lot on your plate.
Key Takeaways:
- Introducing the guest, doing real estate on your own, and being busy (01:09)
- The beginning of the Buck Sexton interview (08:30)
- How Buck got his start in real estate investment and we started working together (11:47)
- Many choices the real estate market gives you and its changed in the last years (16:53)
- How the Internet impacted the real estate market (21:22)
- Being recognized, working in news media, and renting properties in New York (24:50)
- Good time to invest in real estate, COVID-19, and market demand (29:49)
- How’s working with Buck Sexton and closing thoughts (34:02)
Additional Resources:
- Get to know more about Buck Sexton: VISIT HERE
- Follow The Clay Travis and Buck Sexton Show: CLICK HERE
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
We’re discussing what you need to win deals in today’s market, the importance of building relationships with suppliers, and various negotiation techniques that will help you do it.
“We know relationships are important. But would somebody just think all the way I'm going to win deals in a historically tight market is by building relationships?” – Kevin Clayson
The housing market hasn’t been this tight in a while.
At the start of spring 2021, homes in the United States sold 20 days faster, compared to the past several springs. The best properties are being snatched up fast. From the look of things, the market will remain like this for a while.
A recent study by Freddie Mac revealed that the housing market is 3.8 million single-family homes short of what is needed to meet America’s demand. That’s a 52% rise in home shortage compared to just three years ago.
If you want to profit, you must adapt. But how do you win deals in this historically tight market?
There’s one single thing we identified as the differentiating factor that allows us to continue to win deals, no matter the state of the market. That differentiator is relationships.
Key Takeaways:
- For how long will the housing market remain so tight (01:58)
- How relationships can help you win deals in a historically tight market (07:23)
- Why you need to have a good relationship with builders (13:10)
- Kip Tindell’s principle and how it can help you in the real estate market (14:50)
- Negotiating strategies that make sense in a tight market (19:15)
- Why you need to talk to your buying agent right now (27:30)
- How determination, perseverance, and patience help you win deals (31:29)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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And remember...
Income replacement for you and your family may only be one property away!
We’re talking about the power of one. Why your actions matter and why you need to make action-based decisions both in your private life and real estate.
“Our individual actions, that’s where power comes from. That’s where the impact comes from.” – Steve Earl
In this episode, we’re doing something different. We’re not talking about something simple and straightforward. There’s no discussion about the mechanics of property management. We’re talking about the power of one.
What do we mean by it? Well, we’re discussing whether or not you have any power as an individual. Does your contribution have an impact? Can your actions change anything? Often times it doesn’t feel like it. That’s what we wanted to explore.
Buying a single property may be just a small part of your plan, however, that single action can impact dozens, if not hundreds of people. To start making action-based decisions, first you need to realize the impact your actions can have.
Key Takeaways:
- Why your individual actions are important and the power of one (02:08)
- Everything that’s happening around feels like it’s happening to us (05:14)
- Having a principle-based approach is critically important (08:35)
- What’s The Strangest Secret and why you need to read it (13:38)
- How Kevin and Steve managed to switch their mind state (18:35)
- Who are the real actual heroes in our lives (21:53)
- How one seemingly insignificant property my change your career (26:38)
- Actions impact individual economies (30:55)
- Taking the first step and not comparing yourself to others (36:17)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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And remember...
Income replacement for you and your family may only be one property away!
We bring you one of our favorite clients - the one and only Erik Schaumann! Eric started investing in real estate with us a little over 10 years ago. Today, he is completely retired from his passive real estate income! Tune in to find out how we achieved that outcome.
“At the end of the day, replacing your income depends on the standard of living you want to have.” - Steve Earl
Erik relied on simple and conservative single-family residential real estate to replace his income. And if you listened to this podcast before, you know this is our formula for real estate success. Erik started his real estate journey ten years ago with just one single-family property. Today he has nine properties in his portfolio and he’s completely replaced his income.
The best part? He’s been traveling the world and living his life while we did the work. We’re super excited to talk with him and to have you hear what a successful real estate journey looks like!
Key Takeaways:
- Intro to this episode and Erik (01:10)
- Why Erik decided to start investing in real estate (05:52)
- What did the process of acquiring properties look like (09:57)
- How long has it taken Erik to replace his income (14:19)
- Avoiding the emotional attachment and looking at numbers (21:10)
- Is there something Erik would have done differently? (27:58)
- Erik’s advice for anyone thinking to jump in the game (30:40)
- Success tips and tricks based on 10 years of experience (32:23)
- How to figure out your investment goals (37:22)
- Final thoughts and comments (44:59)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
We dive into real estate partnerships, how they should be established, what the various parts of a partnership deal should be, and how much each partner should be making inside of the partnership transaction.
“Principle-based partnership means that everybody needs to come to the table with value.” - Steve Earl
Real estate partnerships are common, but we are often asked how they work. In our experience, there are three parts to a real estate partnership: the money partner, the credit partner, and the managing partner. Of course, you can partner with one or ten people in your deal, but what really matters the most is that everyone has clearly defined contributions and gains.
Without an agreement that outlines the terms of the partnership, you can expect a lot of issues down the road. In this episode, we explain how real estate partnerships work and what are some of the best practices that will ensure everyone in the partnership is happy.
Key Takeaways:
- This is what a principle-based partnership entails (02:12)
- The 3 main roles in a partnership and how they work (04:42)
- An operating agreement is an absolute must (06:00)
- Some of the reasons you might consider a partnership (09:16)
- What can a credit partner expect inside a partnership (13:40)
- This is the role of the money partner (19:16)
- A managing partner is an important piece of the puzzle (22:45)
- How to avoid common mistakes in real estate partnerships (24:00)
- The questions to ask yourself before you decide to partner up (28:37)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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And remember...
Income replacement for you and your family may only be one property away!
The supply is low and the demand is high - we’re sure that’s not news to you. But why is the inventory so tight? What are the factors contributing to this situation? In this episode, we explain what’s going on in the market. We also examine whether there’s a realistic possibility of an upcoming crash.
“When inventory is low and demand is high, you want to be on the right side of the supply and demand curve.” - Kevin Clayson
This market situation didn’t develop overnight. Sure, COVID has contributed, but it all started way earlier. Increased demand has also been fueled by record historic low interest rates. All these factors and more come into play - if you’re thinking about investing in real estate, you need to be aware of what’s going on.
And of course, everyone’s been asking us whether we see a crash coming. Tune in to find out why we’re cautiously optimistic, and if you’re a DFY client, you’ll find out what this market situation means for you specifically!
Key Takeaways:
- Short introduction (01:07)
- If you’re in real estate, you know there’s an inventory shortage (03:08)
- This is when the situation started developing (05:15)
- The impact COVID had on the supply and demand curve (06:47)
- How do interest rates play into all this (11:14)
- Government spending is also a big factor here (13:57)
- So… is the crash actually coming? (16:22)
- This situation is completely different than 2008 (20:42)
- If you are a DFY client, this is what you need to know (23:34)
- The main takeaways from the episode (29:00)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
You know what makes Done For You Real Estate unique on the market? If you don’t, you’re about to find out! Kevin went on The Best Real Estate Investing Advice Ever Podcast to address our moneyball real estate investing philosophy and explain how we build wealth by investing in simple, single-family properties.
“When you're starting out in real estate, don't try to hit home runs. Go play real-life moneyball with real simple real estate.” - Kevin Clayson
Here at DFY, we don’t try to make millions in one deal. We invest in simple, conservative real estate that generates wealth over time. That's the way we approach real estate and it's what served us well so that no matter what the world is doing.
In this episode, you will learn more about our philosophy and the practical details behind our deals. Kevin discusses how we source properties and gives you a life cycle of any deal: from the initial call to building cash flow to annual reports and reinvestment options.
Key Takeaways:
- Intro for the episode (00:00)
- How Kevin got into real estate (03:27)
- What is so unique about DFY’s turnkey model (06:46)
- Here’s what happens when you schedule a call with us (08:44)
- What makes a single-family property a great investment (11:46)
- The key to our success is transparency and great teams (15:14)
- Kevin’s best real estate advice ever (17:01)
- One of the best deals we’ve ever done (20:41)
- Always try to leave people better off (21:47)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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And remember...
Income replacement for you and your family may only be one property away!
Looking for a turnkey provider that fits your needs? It’s not as easy as one might think! There are definitely some tips and tricks to keep in mind and today we’ll see what they are. This episode is Kevin’s interview with Chris Miles on his podcast The Chris Miles Money Show. Chris has been in the financial industry for a very long time and he’s our great friend.
Because a lot of his wealthy clients are looking for real estate, Chris asked Kevin to come on the show and share his knowledge on turnkey providers. Kevin represented Done For You Real Estate but also gave some excellent advice to people who want to work with a turnkey real estate company.
“When working with a turnkey provider, choose someone who will put your needs first.” - Kevin Clayson
In this episode, you’ll find out some key factors you need to look for in a turnkey provider, and you’ll also learn what red flags to watch out for. Tune in now!
Key Takeaways:
- Intro for the episode (00:00)
- Chris and Kevin introducing each other (02:23)
- Why it’s always a good time to buy real estate (06:31)
- The two most important things to look for in a provider (10:41)
- It’s critical that you get transparent information (13:13)
- A company should be able to provide property management (15:35)
- What makes DFY unique when it comes to property management (17:24)
- How to get in touch with us and learn more about turnkey providers (21:11)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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And remember...
Income replacement for you and your family may only be one property away!
People think there’s no liquidity in real estate. That’s just no accurate. When done right, real estate can be liquid. We’re all about replacing your income and naturally, that comes with a cash flow! But, liquidity in real estate isn’t as simple as swiping your card at the ATM… There’s are tips and tricks to increase the value of your dollar, so tune in to find out what they are!
“Liquidity is more of a tangible asset in real estate than ever before, especially when it comes to single-family homes.” - Steve Earl
We discuss the three ways you can increase your liquidity in real estate. You will also learn why reinvesting your dollars into another property is the best way to build wealth. There are so many benefits with investing in real estate that simply taking cash out is the least desirable liquidity method… But more on that in the episode.
The idea is always to multiply your dollars. Still, not all real estate is created equal… Tune in to find out what kind of properties increase liquidity in real estate!
Key Takeaways:
- Real estate is our passion (01:03)
- Busting the myth of non-liquidity in real estate (02:53)
- We want to create ongoing cash flow (05:00)
- Your money should work in more ways than one (08:33)
- These are the best ways to achieve liquidity in real estate (14:22)
- How do single-family homes compare to other real estate investments (18:30)
- The main takeaways from this episode (24:52)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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And remember...
Income replacement for you and your family may only be one property away!
Our guest today is our very own Mike Chamberlain who will walk us through the real numbers of successful real estate deals. This is an actual case study of results a client has created, buying real estate across multiple markets over multiple years.
With conservative investing that we do at Done For You Real Estate, these are the kind of numbers we expect to see from most of our deals. Mike has a background in financial advising on the stock market, so we will also touch on some benefits of real estate vs stocks.
“Real estate takes time, but the time that it takes creates phenomenal outcomes when it's done the right way.” - Kevin Clayson
One of the services that we offer in our company is an annual property and market review. Mike is an expert in this area who looks at the numbers so the clients can know how their investments are doing.
If there’s one thing that’s he’s found doing all these reviews, it’s that real estate is a long-term venture. You make money over time, and the biggest mistake you can make is to sell at the wrong time!
This episode will help you get a feel for what you can expect if you decide to replace your income from real estate, so make sure to tune in!
Key Takeaways:
- Who is Mike and what he does for our clients (01:27)
- Why you need to see real estate as a long-term venture (06:13)
- Getting into the details of our case study (10:10)
- How appreciation compounds over time (17:11)
- The difference between investing in real estate vs stocks (20:38)
- What are the risks with investing in real estate (25:53)
- The main takeaways from this episode (27:40)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
Many real estate investors think you have to buy a deal with equity built-in, meaning you have to buy a deal that is worth more than you are paying. But real long-term success in real estate proves that you make equity over time - you don't have to buy with it baked in.
In fact, let’s revamp the concept of what a good deal is, and let’s consider what a purchase-worthy property might be. Now, this may not fit your traditional real estate education, but in our long career, we’ve found that purchase-worthy properties make way more sense than a “good deal”.
“It's the factors beyond the numbers that will dictate whether or not something is a purchase-worthy property.” - Kevin Clayson
In this episode, we break down five criteria by which we determine whether we have a purchase-worthy property on our hands or not. Tune in to find out more!
Key Takeaways:
- What people traditionally think is a good deal (01:28)
- The first criterium is always the market value (07:13)
- Your decision needs to be based on the market environment (11:15)
- Something a lot of people don’t consider before buying (14:25)
- Don’t get carried away with the numbers (18:12)
- Why is a positive cash flow so important to look for (23:10)
- Predictability and consistency as cornerstones of success (28:44)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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And remember...
Income replacement for you and your family may only be one property away!
We’re back! And today we want to break down the current situation in the market and discuss the supply and demand issue. If you’re in the real estate space, you know supply is lower than ever!
We’re also seeing a lot of demand, and buyers often end up walking empty-handed. There are multiple offers for every bid and the space is getting increasingly competitive.
“If you can find supply, you should be taking swift action.” - Kevin Clayson
And to think many were predicting a crash this time last year… But, if you’ve been observing the market in the last ten years, you could have guessed we would end up here.
With interest rates lower than ever and prices steadily increasing, the question for investors and buyers is always: How do we get our hands on the supply?
This is the question we want to answer today so tune in and let’s jump right into it!
Key Takeaways:
- We’re back on track (but here’s why we’ve been MIA) (01:17)
- How real estate functions in relation to supply and demand (04:21)
- Why are some markets across the country so hot right now (08:28)
- This situation was actually quite predictable (10:32)
- The perfect storm of factors that are making the market so tight (12:45)
- How our organization and reputation can give you a leg up (15:29)
- You should always listen to a real estate agent who’s in the know (19:40)
- What we see happening going forward (23:49)
- If you get your hands on some supply, take advantage of it (27:07)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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SUBSCRIBE for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
This week on the podcast, we’re joined by none other than the great Don Pendleton! Don is the Protect Wealth Academy co-founder and a renowned expert on asset protection.
Anybody serious about real estate investing should also understand why it’s so important to protect your assets.
“The legal system is somewhat stacked against you.” - Don Pendleton
As we’ve previously said so many times on the show, every investment carries a certain amount of risk. And as you know, we don’t believe in running away from risk. We believe in learning how to mitigate it.
Learning about asset protection and setting up an asset protection plan is a step in the right direction towards building a safer, more conservative investment portfolio.
So today, we’re going to pick Don’s brain on various topics and hopefully provide you with some great guidelines for protecting your real estate wealth.
And that’s not all!
In collaboration with Don, we’ve prepared a fantastic treat for our listeners. If you visit the link below, you can sign up for his 3-day Webinar Series, completely FREE!
https://dfy-realestate.com/protectwealth
We encourage you to sign up because Don will be sharing a whole lot of excellent info! You’ll learn about real estate, asset protection, along with a bunch of tax tips to help you build your wealth and replace your income.
Now, let’s dive into the show!
Key Takeaways:
- A quick update on what’s been going on in the past month (1:10)
- Why are we so excited about real estate opportunities in 2021? (3:30)
- Introducing our expert guest - Don Pendleton (7:09)
- A brief overview of the asset protection basics (10:54)
- What real estate investors need to know about protecting their assets (16:35)
- The key thing to remember about insurance companies (19:58)
- How does an asset protection plan work? (+ example) (23:21)
- The main benefits of setting up legal structures (32:22)
- What you’ll learn from attending Don’s free webinar series? (34:20)
Additional Resources:
- Sign up for Don’s FREE Webinar Series: CLICK HERE
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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SUBSCRIBE for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
We’re back, everyone!
And in the first episode of 2021, we’ve prepared a very special treat for you. Today’s episode features two awesome guests, and they’re here to help us break down the exciting topic of self directed IRAs.
“Self directed IRAs give you back the control so that you’re the one calling the shots for what your financial future should look like.” - Kevin Clayson
Please help us welcome Mat Sorensen and Nathan Larsen!
Mat is the foremost expert on the topic of self directed IRAs. He literally wrote a handbook on it! We’ve known each other for a long time, we’ve had tremendous success working together, and I’m really excited to have him on the show.
We’re also joined by one of our very own! Nathan Larsen is the Vice President of Client Fulfillment at Done For You Real Estate. He’s the one holding our clients by the hand through the transaction process, and he’s got a thorough understanding of what clients want to know about self directed IRAs.
Get ready because, in the next 50 or so minutes, you’re going to hear everything you’ve ever wanted to know about self directed IRAs - and then some!
Key Takeaways:
- Introducing Mat Sorensen and Nathan Larsen (1:07)
- What is a self directed IRA? (9:14)
- What are some of the limitations of self directed IRAs? (14:09)
- The two things you should know before creating a self directed IRA (19:19)
- The advantages of setting up an IRA LLC (22:46)
- What are the costs of having a self directed IRA? (26:49)
- The biggest mistakes people make with self directed IRAs (30:51)
- Is it possible to have a self directed Roth IRA? (36:42)
- What the future holds for self directed IRAs (42:04)
- One of Mat’s biggest tips about real estate investing (46:29)
Additional Resources:
- Connect with Mat: mat@kkoslawyers.com
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
After the 2020 elections, some of our clients have expressed concerns about the future of the real estate industry.
You know we avoid discussing politics unless it affects real estate directly. And since every administration change inevitably leaves a mark on the industry, we feel like this is an important topic to address at this moment.
So we know some people are worried about what the incoming Biden administration means for real estate. The most burning questions usually include the evection moratorium and the future of the 1031 exchange.
And even though we understand where that feeling might be coming from - Steve and I firmly believe there’s no cause for alarm.
“If I look at historically, who we are as Americans… I don’t see a huge cause for concern.” - Kevin Clayson
Steve and I are confident that real estate will continue to be the number one form of investing and wealth-building for a long, long time!
We’re basing our opinion on historical and political facts, official government statistics, and data from the field.
These are all things we’ll be discussing today, so stick around!
Key Takeaways:
- The concerns some people have about the future of the real estate industry (2:56)
- How does the COVID crisis amplify this particular issue? (4:39)
- Addressing concerns regarding the evictions moratorium (6:36)
- Why single-family properties are performing great despite the COVID crisis (11:50)
- The trends causing the high demand for single-family properties (13:49)
- Why real estate investors cannot afford to operate from a place of fear (16:41)
- Is the new administration going to shut down the 1031 exchange? (19:17)
- Why we believe real estate will always be the best option for generating wealth (22:11)
- Real estate investment trends and opportunities to look forward to in 2021 (27:29)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
SUBSCRIBE for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
I’m sure you’ve encountered some online ads from the so-called real estate “gurus”.
They usually brag about how much money they have, flashing wads of cash in your face, or showing off expensive sports cars…
All while promising their method will turn you into a real estate millionaire.
But is that really what being a millionaire is all about?
“There is a variety of ways for defining a real estate millionaire.” - Kevin Clayson
It’s true that real estate investing CAN help you become a millionaire. In fact, if you do it the right way - you WILL become a millionaire.
But you shouldn’t let the fake gurus define the kind of millionaire you want to be. You are the one that needs to decide what that means for you.
Are you focusing on high amounts of cash flow? Or is it about owning numerous valuable properties? Something else entirely?
And how does any of it contribute to your goals and desired lifestyle?
Finding these answers is a great exercise, and today, we’re going to go through it together!
Steve and I will share our preferred definitions and point out the nuances between various real estate investing mindsets.
We hope you enjoy this episode!
Key Takeaways:
- What it means to be a REAL real estate millionaire (1:29)
- Protect yourself from fake gurus! (3:33)
- Different definitions of being a real estate millionaire (7:12)
- What is a 1031 exchange, and how it could change in the future? (10:53)
- Why we’re such huge believers in real estate (14:25)
- Quantitative vs. qualitative approach to being a real estate millionaire (17:06)
- Financial freedom over any particular number (22:30)
- Find a definition that works best for you (25:16)
- Merry Christmas, everyone! (30:31)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
SUBSCRIBE for more Replace Your Income:
https://bit.ly/ReplaceYourIncomePodcast
If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
Should you be doing your own property management?
It’s one of those evergreen questions, and Steve and I’ve been hearing it pretty regularly over the years. The idea behind it is very appealing... At least in theory.
And the reasoning is simple - If you do the work yourself, you won’t need to hire anyone to do it for you. Your expenses go down significantly each month, and you save quite a few bucks in the process.
Sounds good on paper, but there’s still a lot of stuff hiding underneath the surface...
“When we are managing a property ourselves, we kind of forget that it is a business.” - Steve Earl
Can it be done? Sure, you definitely CAN do your own property management. But is it really the right move for your income replacement journey?
In today’s episode, Steve and I will dig deep into the often overlooked aspects of DIY property management.
We’ll take a closer look at the day-to-day responsibilities that come with the role, lay out the advantages and the disadvantages, and hopefully, help you decide what works best for YOU.
Let’s dive in!
Key Takeaways:
- Should you be doing property management yourself? (2:14)
- What happens if you’re too lenient with your renters (4:04)
- Never forget that property management is a business (7:07)
- The challenges of handling repairs by yourself (9:15)
- Is the additional stress that comes with property management actually worth it? (11:11)
- How does hiring an expert help your real estate investment? (13:32)
- The many responsibilities of a property manager (15:34)
- Should you use a property manager? (19:26)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
SUBSCRIBE for more Replace Your Income:
https://bit.ly/ReplaceYourIncomePodcast
If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
--
And remember...
Income replacement for you and your family may only be one property away!
This week, I’m thrilled to be joined by Mike Fritz, the CEO of Titanium Captial Investments, and a dear, dear friend.
Mike and I met a while back through a mastermind. We’ve been close ever since, bonded by our mutual passion for helping people create freedom through real estate investing.
In previous episodes, we’ve talked a lot about how and why we prefer investing in single-family residences. And one of the reasons I was so excited about having Mike on the show is that his way of going about it is somewhat different.
Even though we generally see eye-to-eye on a whole range of income replacement topics, Mike’s preferred way of achieving it is through multi-family real estate.
Through exploring an alternative perspective on the show, we’re hoping to underline one of the biggest truths about real estate investing.
“People make money in all kinds of real estate!” - Mike Fritz
At the end of the day, your income replacement journey is always going to be your own. You alone get to decide what it’s going to look like.
I hope you enjoy today’s episode, and if you ever feel like chatting about any of the topics we’ve covered here - we’re always just a phone call away!
http://dfy-realestate.com/
Key Takeaways:
- How Mike and I first met (3:32)
- What Mike loves most about income replacement through real estate (6:58)
- Mike’s mission and how real estate investing is allowing him to fulfill it (11:46)
- How Mike got into real estate (13:45)
- Why you should NEVER fall into the trap of comparing your real estate story to others (19:40)
- Mike’s advice for getting started with real estate investing (21:59)
- What is Mike’s “Freedom Number” all about? (26:44)
- A bonus tip for people who are just starting out with real estate (29:09)
- The advantages of multi-family investing (32:13)
- You can make money with all kinds of real estate (+ examples) (35:59)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
- Get in touch with Mike Fritz: Mike@TitaniumCapitalHQ.com
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
With Thanksgiving just around the corner, we dedicate this episode to discussing a topic very near and dear to my heart - gratitude.
Years ago, I set out to write a book on this very subject. As I was going through some deeply challenging times, the word itself just came to me out of nowhere!
I literally felt compelled to write a book about gratitude, and the question I wanted to answer was pretty straightforward.
“It’s easy to be thankful when things go your way. But what about the times when they don’t?” - Kevin Clayson
And so I went on this long, incredible journey, where after a lot of research and soul-searching, I ended up completely reinventing my perspective on everyday life.
Tune into this episode as I take on the guest role and share my philosophy on gratitude. I’ll show you how you can summon it at literally ANY moment in life - just like a simple FLIP of a switch!
We’re also going to discuss how showing gratitude when experiencing real estate investing challenges can actually help you get better results.
As a gift and a thank you for all of your amazing support, we’ve set up a page where you’ll be able to download my full audiobook “FLIP the Gratitude Switch” - totally free!
https://dfy-realestate.com/gratitude
Have a wonderful Thanksgiving, everyone!
Key Takeaways:
- Introducing our special guest for this week - Kevin Clayson! (1:11)
- How I ended up writing a book about gratitude (3:42)
- My story of hitting rock bottom (7:48)
- Why I think spreading this message of gratitude is so important (10:58)
- The story behind naming the book (“FLIP the Gratitude Switch”) (14:01)
- What I discovered while experiencing some of the lowest of lows of my life (18:03)
- How can gratitude improve your real estate results? (24:19)
- Wishing you all a wonderful Thanksgiving! (34:23)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
- Listen to my audiobook “FLIP the Gratitude Switch” for FREE: DOWNLOAD HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
For today’s episode, Steve and I wanted to dedicate some time to discuss our income replacement philosophy a bit deeper.
We believe our approach of replacing your income one property at a time is unique. One of the things we love most about it is that it can be adapted and planned out to fit ANY individual situation perfectly.
What you want to accomplish and where you are financially will shape your journey. Two crucial factors, both of which considered in our approach.
Still, there IS something universal for everyone across the board. Income replacement needs to be considered in the long-term.
“Real estate requires discipline, and it requires time.” - Kevin Clayson
The actual length of the journey will vary, but we need to accept it’s kind of a marathon...
And today, we’re going to use this marathon analogy to explain the various aspects of our income replacement philosophy.
Hopefully, after this episode, you will all have a much more delicate understanding of why we do what we do here at Done For You.
One last thing before we get into the show...
We’re also starting a free monthly webinar series, so make sure to check out our website for more information!
This month’s topic:
Sharpening Your Mindset For An Exceptional 2021:
http://dfy-webinar.com/
Enjoy the episode!
Key Takeaways:
- Taking a closer look at our income replacement philosophy (2:41)
- How does your particular situation shape your income replacement strategy? (+ Examples) (6:09)
- Income replacement is ALWAYS considered in the long term (9:39)
- The legacy building aspect of replacing your income (13:27)
- What does it mean to be wealthy? (15:13)
- How can leveraging boost your income replacement strategy? (18:22)
- How to calculate your income replacement goals (21:36)
- Why is replacing your income much like running a marathon? (24:48)
- The importance of discipline for income replacement (27:01)
- What is YOUR income replacement strategy? (29:22)
- Why we firmly believe real estate is the BEST way for replacing your income (31:37)
- An invitation to join our FREE Done For You Webinar (35:22)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Register for our FREE Monthly Webinar Series: SIGN UP HERE
--
SUBSCRIBE for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
This week, we welcome another special guest and a real superstar in the world of finance.
Alan Akina is the founder of 101 Financial, and since 2002, he’s helped over 20,000 students take control over their personal finances.
We’ve been collaborating with Alan for quite some time, and we’re such huge fans of his work!
Over the years, we’ve witnessed time and time again just how effective his program is. Alan has referred many clients our way, and watching him empower people through financial education has been unbelievable.
“We start to see people achieve true financial peace of mind when THEY are in control.” - Alan Akina
Bringing people financial peace of mind is one of Alan’s biggest passions, and today, we’re going to hear all about his process.
With his teachings, Alan challenges the traditional financial mindset and brings forward new ideas that help average Americans and their families strive towards financial freedom.
Tune in to learn more about how to set up the right retirement plan that will help you and your family get to your financial “Happily Ever After.”
Let’s dive in!
Key Takeaways:
- What does the future hold? (2:13)
- Introducing our special guest - Alan Akina (5:37)
- Why Alan started 101 Financial (9:37)
- Empowering people through financial education (12:14)
- Reinventing the concept of retirement with the HAE Number (16:53)
- How does 101 Financial help people take control of their finances? (22:08)
- Why is Alan’s program so effective? (28:15)
- Alan’s number one advice for the Replace Your Income audience (31:53)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Get in touch with Alan: alan@101financial.com
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
We’re just one day away from the 2020 presidential election. That makes today’s show incredibly special, and we can’t think of a better guest to join us for this historic occasion.
Ladies and gentlemen, the one, the only - Buck Sexton!
Buck is a conservative political commentator, author, and host of the Buck Sexton show. He is a former CIA analyst, he’s sharp as a whip and if this is the first time you’re hearing about him, well then - you’re in for a treat!
We met Buck a while back when we approached him to sponsor his radio show, and over the years, we’ve built an amazing partnership.
He recently bought his first property with us and it was so exciting to work with him because our ideas and values overlap completely.
“I want to bet on America. That’s my approach.” - Buck Sexton
He’s just an incredibly genuine, down-to-earth guy, a true patriot, and Steve and I are so glad to have him as a friend.
We’re going to go over a range of topics surrounding real estate and investing, while consistently reflecting on the current political situation in the United States.
Finally, Buck will share a heartfelt message about the importance of these elections and why we must protect the freedoms and values our great country has been built on.
Key Таkeaways:
- Introducing the incredible Buck Sexton (1:34)
- How we got to know Buck through building our awesome partnership (4:00)
- Why Buck started investing in real estate with Done For You Real Estate (6:02)
- The massive demographic, cultural, and social change going on across America (11:24)
- What are the opportunities arising from the new ways of doing work, post-COVID? (14:40)
- Why are people moving away from the Metropolitan areas? (19:59)
- Buck Sexton’s thoughts on the advantages of investing in real estate (25:55)
- A heartfelt message from Buck Sexton regarding tomorrow’s big election (28:50)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
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SUBSCRIBE for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
Politics have always had a major impact on real estate investing. On the one hand, housing policies can make the process a lot easier, but on the other, they can stifle it quite a bit.
With the 2020 election just around the corner, I thought it would be quite interesting to take a closer look at the proposals made by the two candidates and review them purely from an investor standpoint.
Whatever happens after this election, one thing is sure - the impacts on the real estate industry will be massive.
That’s why I think there’s great value in analyzing each of these policies objectively, without taking political preferences into account.
Before we get into it, there is something you should know about me. I’m a freedom-loving capitalist, and I believe in the principles of the free market.
Knowing this will give you a better understanding of my reasoning around this topic.
I also believe everyone needs to make their own decision, so, please...
“Take everything I say with a grain of salt. Go do your own research!” - Kevin Clayson
By this time in the campaign, most of you have probably decided who you’re voting for. Even if you’re still undecided, I’m confident whatever I say here isn’t going to sway your opinions in any way.
My only goal here is to examine these policies through the lens of income replacement and explore the potential effects they could have on the future of real estate investing.
Key Таkeaways:
- Next week’s episode announcement (amazing guest!) (1:21
- Why I chose to talk about 2020 housing policies today (2:54)
- Are you a producer or a consumer? (5:23)
- Why I believe in the principles of the free market (6:23)
- A high-level overview of today’s episode (9:53)
- What I liked about Joe Biden’s proposals (12:52)
- My concerns about Biden’s public credit agency proposal (14:48)
- Ceratin limitations of the Section 8 idea (17:12)
- The BIG negative coming from Biden’s proposals (22:12)
- The harmful consequences of potentially rolling back the 1031 exchange? (25:54)
- Other things I disliked about Biden’s proposal (27:14)
- Ideas from Donald Trump’s proposal I didn’t like (32:03)
- Things I’m not so sure about Trump’s proposal (36:22)
- Some of the positives from Trump’s housing policy (42:39)
- Closing thoughts on the housing policies for the 2020 election (47:02)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
A couple of weeks ago, we did our first ever market spotlight, and the engagement for that particular show was through the roof!
So for this week, Steve and I are delighted to introduce yet another one of our team members from the field - Morgan Tate.
Morgan comes from a long line of real estate professionals and he specializes in property management. He's lived in Memphis his whole life, and over the last six years, he has managed close to 600 properties for Done For You Real Estate.
We love working with Morgan, our clients absolutely adore him, and today, he's going to share his thoughts on some of the most burning questions about property management.
"Rental properties, whether it's good times or bad, are always going to be needed." - Morgan Tate
Join us for an exclusive, behind-the-scenes glimpse into the everyday life of a full-time property manager.
We'll take a closer look at the Memphis real estate market, unveil strategies and techniques for picking the right tenant, and discuss everything that goes into providing an exceptional property management experience.
Key Таkeaways:
- Introducing another one of our members in the field - Morgan Tate (1:54)
- Morgan's background in real estate (4:49)
- The mark of a good property manager (7:38)
- How to provide an outstanding service in the world of property management (11:16)
- How has the COVID-19 outbreak affected property management? (16:14)
- What to expect from the Memphis real estate market in days to come (22:13)
- What do property managers look for in a tenant? (25:58)
- Morgan's favorite thing about property management (28:18)
- Closing thoughts from Morgan, Steve, and myself (35:37)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
When people estimate investment risks, it all usually comes down to one key question. "Am I going to lose money?"
We use all kinds of information, metrics, and systems as we try to assess if we're going to be worse off than we were before investing.
And when it's all said and done, there just isn't any other investment form that comes close to real estate in terms of mitigating risk.
But there's a good reason why that's so. For starters...
"With real estate, the risk comes in as a factor in the short term." - Steve Earl
And ONLY in the short term.
If you invest conservatively, in single-family properties located in the right markets - even in the most uninteresting scenarios, you'll always have something to get excited about.
As you increase your real estate investment time frame, you will learn that the risk starts trickling down to a point where it becomes unmatched.
It all comes down to how the real estate game is set up. There are numerous "pressure valves" spread along the way that help increase predictability and minimize the risks.
And we're going to go over each of them on this week's episode of Replace Your Income!
Join us as we go into the nitty-gritty and explain the system which allows real estate to be the ultimate risk eliminator of the investment world.
Key Takeaways:
- What to expect in our upcoming episodes? (1:56)
- Why is real estate the ultimate risk eliminator? (5:03)
- The most important thing you need to mitigate risk (8:16)
- Real estate is a great investment - even in impossible scenarios! (15:16)
- How is appreciation virtually guaranteed? (15:16)
- The longer the time frame, the lower the risk (16:25)
- Why is it so essential to consider your investments in the long-term? (19:16)
- Why we love investing in real estate so much (22:11)
- Getting your first property is ALWAYS life-changing (27:12)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
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SUBSCRIBE for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
The real estate market is on fire right now. It has been cruising upwards in most regions across America, urging many investors to ask themselves this very nerve-wracking question.
When is the right time for me to sell my real estate?
Throughout our years in real estate, people have been asking us this question regularly, and the answer has always been the same. It’s probably not what most people expect to hear, but complex issues such as this one require elaborate solutions.
“When is the best time to sell? The short answer - it depends.” - Kevin Clayson
As with everything in real estate, your decisions need to be in line with your goals. Deciding on when you’re going to sell will depend on why you’ve entered the world of real estate investment in the first place.
And even though investing with purpose may be the most important factor, there are many others that you need to consider before you decide to sell your property.
So for this episode, we’re going to go through all of them, share a few practical tips and work towards providing a thorough, evidence-based, long answer to this burning question every real estate investor wants to know.
Join us for yet another exciting episode of the Replace Your Income podcast!
Key Takeaways:
- Why is it so important to know when to sell? (1:41)
- The downsides of emotional investing (5:56)
- How to set parameters that will help you determine when to sell your property (9:41)
- The most important questions you need to ask yourself before you sell (11:37)
- Selling retail vs. selling to an investor (16:05)
- Should you sell or refinance your property? (21:17)
- Real estate is a tool, not a cage (23:10)
- Is there an argument for NOT selling a property, ever? (23:53)
- The crucial thing to consider when deciding when to sell your property (26:43)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
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And remember...
Income replacement for you and your family may only be one property away!
If you've been listening to the episodes from the past few weeks, then you know we've been calling the current climate the 'perfect storm' of real estate. It is the best time to be investing, but we didn't want you to just hear it from us, so we brought on someone from our team on the ground.
Today, we're talking to Ryan Hinricher, our acquisitions manager working in the greater Orlando area. We'll be covering why that market is in such high demand, why rental real estate, in general, is in such high demand, and how "blue chip" real estate is the key to unlocking income replacement over time.
The COVID era has stirred up a lot of questions regarding real estate. Earlier in the year, we weren't sure how it would affect the market, but now that we've had some time to analyze trends from other pandemics and finally return to a degree of normalcy, we are better able to gauge how to move forward.
And we've seen that this is truly a time like no other and, oddly enough, one of the better times to be investing. Be sure to tune in, because this episode is chock full of great insights!
And like always, if you have any specific questions you'd like us to go over, please reach out through our website. We're just a phone call away!
Key Takeaways:
- A bit about Ryan’s background (7:40)
- Real Estate in the COVID era (14:45)
- Why the price of homes hasn’t been decreasing (17:00)
- The process to be able to go and find homes when supply is so low (21:40)
- Current and upcoming infrastructure programs in Orlando (28:26)
- Why blue chip real estate is the foundation of the income replacement sort of approach (35:47)
- Why Central Florida should be something that we're looking at as a piece of our income replacement plan (39:50)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Check out our new DFY Refinance Investment Tool (FREE): VISIT HERE
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Income replacement for you and your family may only be one property away!
Many of our listeners share this one big concern about investing in real estate.
We recently got some interesting feedback, and what people commonly see as the biggest challenge of investing is not having enough money to purchase a property.
Now, I get that most Americans don’t just have $50k lying around in their bank account doing nothing. But if that’s the only reason you still haven’t started replacing your income with real estate, I’ve got to tell you - it’s not good enough.
“I don’t care what your position is in life right now. There IS a clear and reasonable path to you owning real estate.” - Kevin Clayson
That doesn’t mean everyone will be able to jump in the game right away and start buying properties right off the bat.
You may need to do a little bit of saving, or maybe you need to work on your credit score…
But there’s ALWAYS something you can do to get on the right path that will guide you to becoming a property owner.
This week, Steve and I will talk about our simple strategy for getting in the game that works even if you don’t have a lot of money saved up.
We’re going to explore different variations of this easy, straightforward, yet practical approach while underlining the sacrifices that come with each scenario.
After this episode, you should feel a lot closer to the possibility of owning multiple properties and income replacement through real estate.
And in case you have any specific questions you’d like us to go over, feel free to reach out through our website. We’re always just a phone call away!
Key Takeaways:
- The most common challenge people have with investing in real estate (2:29)
- Is there an easy approach for getting into real estate? (4:37)
- How can purchasing a primary residence be the first step to replacing your income with real estate? (6:40)
- How to avoid paying for capital gains tax (9:06)
- Alternative scenarios for starting with real estate investing using this approach (10:10)
- What are the sacrifices that come with this method of investing? (12:54)
- The fundamental fact about renting out your properties (14:52)
- The story of how Steve bought his first property (17:30)
- My story of buying my first property (19:18)
- Some more variations of this strategy with different sacrifices (21:41)
- It’s all about utilizing the tools and the rules (24:30)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Check out our new DFY Refinance Investment Tool (FREE): VISIT HERE
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I recently wrote a Forbes article about refinancing, which inspired the topic of this week’s episode. Allow me to set the stage real quick.
Most people think of refinancing as an expense, where the focus is on giving away money rather than earning it. Steve and I find this perspective to be incredibly limiting.
That is why we propose a subtle shift.
“Let’s look at a refinance as an investment… instead of just looking at it as a cost.” - Kevin Clayson
To make the distinction, we use the term ROI refinances, and this tiny little reframe makes all the difference.
What we’ve done is we took the most common understanding of the concept, and we flipped it on its head. In doing so, we’re effectively turning from a negative mindset to a positive one.
Looking at refinances like investment opportunities is incredibly useful for replacing your income. It’s one of the easiest ways to get a great return on your investment, and we’re going to explain just why that is so, step by step in today’s episode.
Many of us often approach financial topics from a mindset of scarcity. But just making that little mindset shift can open up a whole new world of opportunities.
Enjoy the show, and if you want to learn more about ROI refinances, we’ve set up a special page on our website so you can add it to your investment toolbox:
https://dfy-realestate.com/roirefi
Key Takeaways:
- A brand new perspective on refinancing (2:36)
- People usually focus on the costs of refinancing - why is this bad? (5:56)
- What is refinancing, and how does it work? (7:35)
- Why is our interpretation of refinancing different? (13:16)
- What is an ROI refinance? (breakdown + example) (14:48)
- One of the best things about making an ROI refinance (17:29)
- An example of how an ROI refinance works (18:50)
- Letting go of the mindset of scarcity (22:44)
- A story about helping my kids develop an investor mentality (25:13)
- How have our clients benefited from ROI refinance (28:05)
- Why is now a particularly a good time to consider refinancing (29:29)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Check out our new DFY Refinance Investment Tool (FREE): VISIT HERE
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There is an investment so common that roughly 70% of Americans are contributing to it. But when you look at it purely from an investor’s mindset, it becomes the single worst performing investment in the United States.
In real estate, sometimes all you need is to change your perspective just slightly, and the game changes instantly.
Most of us have been taught that purchasing a primary residence is the most important investment we will ever make in our life. But if you take a closer look at the deal we all get and analyze it exclusively from an investment perspective, it becomes painfully apparent it’s not a good deal.
“Equity in your primary residence is equivalent to having dollars locked in a safe, in the basement of which you do not have a key.” - Kevin Clayson
Steve and I are all for paying off your home. However, if you’re looking to replace your income with real estate, the timing of owning your property is so very critical.
Considering your primary residence as an investment property opens up a lot of great opportunities, and you’ll quickly learn there’s a way to tap into some of that otherwise trapped equity.
Today, we’re going to highlight the most damaging aspects of a primary home investment deal and show you how you can turn it into something more powerful.
We want to share a different way of thinking that’s helped us and thousands of our clients move further along the path of income replacement through real estate.
If you’d like to learn more about this topic, we’ve set up a special page on our website just for that:
https://dfy-realestate.com/equity
Key Takeaways:
- A brand new perspective on equity (3:48)
- The worst-performing investment 70% of Americans are contributing to (6:05)
- What are the most damaging aspects of your primary residence investment? (8:12)
- Is your primary home REALLY the greatest investment you’re ever going to make? (14:08)
- A new way to look at your primary residence equity (17:43)
- Why do we advocate a short-term buy and hold scenario? (22:53)
- If your equity is locked up, it doesn’t mean anything (25:03)
- The timing of owning your home is critical (27:22)
- How can this new perspective help you make better decisions? (29:15)
- A link to our website with more resources on the topic (33:36)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Learn more about Primary Residence Equity and Investments: VISIT HERE
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People have been making all sorts of predictions regarding how COVID will affect the real estate industry.
You may recall some discouraging predictions, like that home prices we’re going to drop, and comparisons with the Great Recession have indeed been made on many occasions.
So Steve and I got together recently to summarize our impressions about what’s really been going on in recent months. We had a lengthy, thorough, and incredibly exciting conversation.
In the end, we came to a stunning realization.
“Everything that we’ve been told at the beginning of this pandemic… It’s just not what we’re seeing!” - Steve Earl
We compared notes, reviewed some trusted sources, and consulted with our boots-on-the-ground team. As a result, we determined several important factors affecting the current real estate market, and we want to share them with you today.
These key factors are coming together to create a perfect real estate storm, which is why we think there has never been a better time to invest in single-family homes than right now!
This realization has had such an exhilarating effect, and we’re definitely going to take some serious action on the market in the following months.
By the looks of it, if you have the ability, you really should take the advantage.
Make sure you tune in for today’s episode, and if you’re also thinking about investing - give us a call?
There’s plenty of ways you can get in touch via our website (http://dfy-realestate.com/), so come on over and let’s start a conversation.
We’d love to answer any lingering questions and discuss real estate investing ideas with you.
Now without further ado, let’s dive into the show!
Key Takeaways:
- Recent predictions vs. what we’re seeing in real-time (3:24)
- Has there ever been a better time to be investing in single-family homes? (5:28)
- Why you always need to consider people’s agenda when taking advice (9:53)
- Reviewing Ingo Winzer’s recent economic forecast (13:55)
- The massive undersupply of single-family homes and why it’s so important (15:14)
- Why is there such a huge demand for rentals currently? (19:31)
- How are the Millennials and the Gen Xers affecting the current real estate market? (22:55)
- How has the COVID outbreak impacted the interest rates for single-family homes? (24:52)
- Why are Steve and I so determined to take action...? (26:34)
- ...And why should you also? (27:36)
- How is remote work affecting people’s residential preferences? (30:11)
- A few nuggets of wisdom from Warren Buffet (31:50)
- Let’s start a conversation! (36:09)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
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And remember...
Income replacement for you and your family may only be one property away!
Steve and I are so excited to welcome Dr. Teresa Martin, Esq on our show!
Teresa is an attorney, a wealth coach, and a real estate investor who also does business growth and success consulting. Her journey is so inspiring, and you’re going to hear more about it on the show. She is a sought-after lecturer, facilitator, educator… I could go on, but for the sake of time, let’s just say she’s truly in a league of her own.
I met Teresa eight years ago, and we connected right away, probably because we hold such similar views and values. If you’ve listened to her before, you’ve surely noticed that much of what we’ve been talking about is a part of her message too.
One thing we bonded over early on was our shared annoyance with the real estate education industry.
The amount of bad advice being spread by “gurus” across the US, is to this day, seriously grinding our mutual gears. Expensive courses that offer “one-size-fits-all” solutions, lack of diagnostics, and selling the illusion that you don’t need money or credit to become a real estate investor.
All of it would be considered malpractice in the context of the legal profession, with the last one being particularly popular and entirely false.
“You need somebody’s credit, and you need somebody’s money.” - Dr. Teresa Martin, Esq
In our conversation, we’ve gone over the most common misconceptions popularized by real estate education companies, and we do our best to demystify them.
We also covered a range of topics, including the challenges of investing in NYC, discuss how the current COVID crisis affected the market, and why investing outside of your state is so important.
We hope you enjoy this episode, and if you want to get in touch with Teresa, there’s a link to her website below in the Additional Resources section.
Key Takeaways:
- About Dr. Teresa Martin, Esq and how we met (3:24)
- Teresa’s inspiring background story (9:40)
- Inspiring people to build generational wealth (16:38)
- The challenges of investing in NYC and potential solutions (21:29)
- Are real estate education companies akin to legal malpractice? (27:37)
- Why you need credit and money to become a real estate investor (30:16)
- Treating real estate investing like a business (34:24)
- The importance of starting your real estate investment process with diagnostics (36:59)
- How to get started with real estate investing (40:05)
- Why is knowing how to ask for help key? (43:26)
- A quick recap of today’s topics (44:49)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Connect with Dr. Teresa Martin, Esq: VISIT HERE
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And remember...
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For the first time ever on the Replace Your Income Podcast, we’re going to have one of our clients tell their story. Today, we welcome Kelly Fasterling, a long-time client who has transacted 13 properties with us.
Kelly’s background is a career in IT with over 25 years of experience creating software. After her 401k being halved twice in just under 10 years, she realized she wasn’t going to reach her goals through traditional retirement.
Like in most real estate success stories, the book that started it all was Robert Kiyosaki’s “Rich Dad, Poor Dad”. Her first property was a success, but finding a second good deal was a real challenge.
All of that changed when she met Steve Earl who introduced her to our Done For You process and shared a way of real estate investing that went beyond properties located in your backyard.
You may have encountered an argument against investing in real estate because it’s not liquid. But for Kelly, liquidity is one of the main reasons why she got into real estate in the first place!
“I believe single-family residential is about as liquid as it gets.” - Kelly Fasterling
The question of liquidity of real estate is particularly interesting, and there’s a lot of factors at play you need to consider. We covered it thoroughly in today’s episode, along with a range of top investing practices, industry insights, and answers to all kinds of burning questions.
Tune in to hear Kelly’s inspiring income replacement story and get a client’s perspective on what our Done For You process is all about.
Key Takeaways:
- The story of how I met Kelly Fasterling (3:12)
- Kelly’s background, learning about real estate and meeting Steve (5:27)
- Making the first step to real estate investing (10:09)
- How has working with Done For You affected Kelly’s income replacement journey? (11:48)
- Why Kelly chooses single-family homes over other real estate opportunities (17:06)
- Managing the stress and the challenges of real estate investing (22:10)
- How to be your own bank (25:00)
- Answering the top 2 concerns people have with real estate investing (32:48)
- Kelly’s experience working as a real estate agent and helping people move towards retirement (35:59)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Get in touch with Kelly Fasterling: 719-332-1842; kelly@aspen-creek.net
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And remember...
Income replacement for you and your family may only be one property away!
We’re all involved in real estate in some shape or form. Whether we’re making money from it, or making somebody else money, we all have a role to play.
There’s simply no way around it. Or, as Steve likes to put it…
ALL roads lead to real estate.
With that in mind, it’s not surprising people find it a naturally appealing form of investing. But there’s one thing we learn along the way - real estate investing is challenging.
So if you’re looking to have it done for you, you need to find reliable people to partner up with. There are many turnkey companies out there who can help do the heavy lifting for you, but how do you choose the right one?
This is not an easy task. Not everyone is great at what they do, and unfortunately, some are even going to work against your best interest.
If you’re going to put your hard-earned money into someone else’s hands, you have to know you can trust them. The best course of action would be to do some investigating and we want to give you a few shortcuts to help you do it efficiently.
Today, we’re going to share a list of questions that will help you evaluate turnkey companies and pick the right one for you.
We want to help you replace your income and knowing how to find a great real estate vendor will hopefully go a long way on your journey.
Key Takeaways:
- Why do all roads lead to real estate? (2:11)
- What is a turnkey real estate company? (3:49)
- How to pick the right turnkey company (5:26)
- Things you can learn about a business from looking at Google Reviews (5:41)
- A great question to ask companies you’re thinking about working with (10:15)
- Things you can learn from a company’s track record (16:53)
- Why you need to analyze any economy track records (20:28)
- Our two cents on the topic of failure (22:37)
- A short little league anecdote about reacting to failure (27:30)
- Individual vs. multiple market turnkey companies (29:58)
- The advantages of working with companies that have a custom approach (32:08)
- What are the biggest challenges of real estate investing? (33:41)
- A recap of the key steps for finding great real estate vendors (35:46)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
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To LLC, or not to LLC?
That is the question, and lots of people have been asking it, hoping to find the right answer.
We’d love to share our thoughts, but first, we have to set a disclaimer.
Steve and I are NOT attorneys. Nor are we licensed CPAs.
To that extent, we’re not capable of providing you with any type of legal advice whatsoever.
What we can do is speak from a place of experience. We’ve both owned LLCs and have gone over this topic with thousands of our customers.
If there’s one thing we can say for sure, it’s that everybody’s situation is a little different. So whatever investment structure you decide to go with, it has to be in line with your specific needs, goals, and situation.
For today’s episode, we want to share some high-level impressions we’ve gathered over the years and discuss the potential pros and cons of investing in real estate using an LLC.
We’ll go over some important concepts as well, such as liability coverage, umbrella policies, and we’re going to touch a little on the 1031 exchange.
Listen in, and once you hear what we have to say, make sure to talk it over with your attorney or CPA. They will help you figure out how it all ties into your particular situation and make the right decision.
We’ve also included a link below, in the Additional Resources section, to a video where you can hear an attorney’s take on the LLC question.
Key Takeaways:
- The big LLC question and why is it such an interesting topic for investors (2:13)
- An important disclaimer before we get into the show (2:47)
- Keep this one thing in mind when investing in real estate (4:41)
- What are the main benefits of owning an LLC? (8:16)
- Why you should take a closer look at liability coverage and an umbrella policy (12:47)
- The protection aspect of having an LLC (13:55)
- What are some of the cons of deeding your property into an LLC? (14:45)
- Why you need to seek out legal advice on this topic (20:31)
- How does deeding your property into an LLC affect your ability to do a 1031 exchange? (22:51)
- The challenges of investing in real estate as a business (27:07)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Check out what attorney and business entity expert, Brad Jacobson, had to say about the LLC question: WATCH HERE
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And remember...
Income replacement for you and your family may only be one property away!
We’re huge advocates of using data to estimate real estate opportunities. Looking at numbers is a large chunk of what we do, and it plays a crucial role in how we make the right call.
But it’s also incredibly important to know exactly which numbers to look at. If someone is cherry-picking data, then their estimate is irrelevant.
There are a billion ways to look at the numbers. And if they seem too good to be true, there’s a good chance someone carefully presented them to look that way.
Every real estate investor needs a system for looking at data and a standardized set of numbers they focus on.
When we make estimates, we use a special, Done For You pro forma. It has proved to be a reliable tool over the years, and it allows us to analyze properties very quickly.
If you go to our website and check out our pro forma, you’ll see a bunch of numbers on it. Each of them tells a portion of the story, but some are definitely more valuable than others.
In today’s episode, we’re going to unveil what we think is the single most important number for assessing real estate investing opportunities.
We’re also going to break down our pro forma, explore various other dependable metrics, and talk about how it all ties into our idea of income replacement.
Key Takeaways:
- The backstory of picking today’s topic (2:29)
- Most common numbers people consider when looking at investment properties (7:19)
- The crucial components of our Done For You pro forma (9:17)
- Why are we such strong advocates of the 25% down payment? (10:59)
- How do we make money? (12:30)
- Why you need to know which numbers to look at (15:15)
- Our conservative approach for looking at numbers (18:01)
- When is 2+2 not a 4? (22:08)
- What makes Cash-On-Cash Return a valuable metric? (22:43)
- Things you can learn from analyzing Average Annual Combined Cash-On-Cash (27:21)
- The number one, most important number in real estate investing is…? (29:01)
- What is the essence of our income replacement strategy? (32:53)
- How and why do we calculate Total Capital Available To Reinvest? (34:38)
- The power of leverage (38:54)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Get the full list of our 35 DFY Market Selection Criteria (+ Top Markets): FREE DOWNLOAD HERE
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And remember...
Income replacement for you and your family may only be one property away!
The biggest thing on everyone’s mind these days has to be the Covid-19 outbreak. It has affected virtually every single aspect of our lives.
If there’s something we can all agree on, it’s that people are scared. And to a degree, that’s perfectly normal. The situation is serious, and we have to be serious about it.
But we can’t let fear cloud our judgment.
Whenever the situation becomes unbearably unpredictable, people double down on the question of security. And unsurprisingly, this has become the most popular topic with our clients.
Now more than ever, people need to know they’re making the right call.
All of their various concerns and inquiries come down to the same simple question.
Is real estate a good investing option right now?
We managed to work out a pretty accurate answer, and to do that, we also needed to address the subtext as well as a bouquet of underlying concerns.
That is why a simple “yes or no” won’t do in this case, because it’s not just about our opinions or preferences.
We used real-time data collected by our teams in the field to find the best possible answer.
And today, we’re going to present all of the facts we’ve gathered about the current state of real estate so that you can make your own decision.
We’ll share all of our insights across various topics, including property value, inventory, and property management, to name a few.
This conversation should answer all of your major concerns about real estate investing post-Covid.
In case you have any additional questions, feel free to reach out to us through social media or via our website.
Key Takeaways:
- The biggest real estate question on everyone’s minds these days (1:24)
- Determining the current situation of real estate with a data-driven approach (2:44)
- Why is there never an “ideal” time for investing... (4:14)
- ...but when is the “right” time to invest? (6:41)
- The dangers of making financial decisions based on fear (8:07)
- The 6 major topics we’re going to cover in today’s episode (11:59)
- How is the current state of supply and demand affecting property value? (13:12)
- The difference between luxury and affordable housing property value trends (15:53)
- Property value trend estimates from the field for the next 12-24 months (18:27)
- Comparing the current crises to the Global Financial Crisis of 2008 (20:31)
- What is the current state of inventory? (24:55)
- How has Covid-19 affected property management? (28:03)
- The vast variations between local economies (34:40)
- Real-time insights from the lending industry (39:54)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Get the full list of our 35 DFY Market Selection Criteria (+ Top Markets): FREE DOWNLOAD HERE
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Income replacement for you and your family may only be one property away!
What makes a good real estate market for investing?
In our line of business, this is one of the most frequently asked questions, and we regularly discuss it with our clients.
First and foremost, an attractive real estate market has to fit well with what you’re trying to accomplish. Sounds simple enough, but that’s just the foundation.
The tricky part is diving into the data, analyzing and weighing your options.
To do that successfully, you first need to figure out the right questions to ask.
We’re currently on the lookout for new attractive markets, which is why we recently did a real estate research project.
And so for today’s episode, we want to share our process and show you how we approach market research and selection.
Our Done For You method consists of assessing markets using a list of 35 different criteria.
Median wage, job growth, education levels, weather conditions… These are just some of the crucial questions we ask to better assess market potentials in the long run.
When we enter a market, we stay there for good. What allows us to do so is our approach based on data.
Listen in to learn more about how to pick the best markets to invest in, the essential criteria you should be looking at, and some examples of actual markets that fit well with income replacement.
If you’d like to get the complete list of our 35 DFY Market Selection Criteria, you can find the link below, in the Additional Resources section.
We hope you find it useful on the road to replacing your income.
Key Takeaways:
- A huge THANK YOU to all of our listeners (we’re TOP 100 of Investing Podcasts!) (1:11)
- Our recent market research project (3:05)
- Why we engage in such thorough market research (5:24)
- How do we assess potential markets for real estate investments? (7:04)
- Some examples of market selection criteria we use (8:19)
- How landlord rights affect our market selection process (11:58)
- Why is transportation such an important factor for our investing? (14:56)
- How do our 35 criteria help us make a better assessment? (18:29)
- The number one goal of investing (21:49)
- Why do we focus on single-family properties? (25:37)
- What is the relationship between risk and return in investing? (27:48)
- The demand for single-family properties is at an all-time high (31:04)
- Why you need a method based on data (32:59)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Get the full list of our 35 DFY Market Selection Criteria (+ Top Markets): FREE DOWNLOAD HERE
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And remember...
Income replacement for you and your family may only be one property away!
With real estate, people usually think they should invest close to home. To buy properties they can see, touch, and feel every day.
And in a way, it makes sense because it helps them feel like they have greater control over their investment.
However, there are some massive downsides to this approach.
First off, real estate investments are a lot of work. And there’s only so much you can handle on your own, which makes your investing strategy inherently limited.
But a potentially bigger challenge is that investing in real estate opportunities close to home is sometimes downright impossible.
Thankfully, there is a way to overcome both of these obstacles in one go, by removing geography as a condition for investing.
All you need is a trustworthy, expert team that can take on all the proximity-determined work for you.
Having control over your investment is important, but you don’t need to control every single aspect to gain all the benefits.
Once you accept that, there’s no limit to what you can achieve on your income replacement journey.
In today’s episode, Steve and I will talk about the details of removing geography as a condition for investing in real estate.
Join us as we share our strategy in hopes of opening up a whole new world of opportunities for replacing your income.
Key Takeaways:
- What to expect from upcoming episodes of Replace Your Income? (1:23)
- Some of our favorite reviews from last week (3:12)
- Why having fun is so important for what we do (5:15)
- The challenges of investing in your own backyard (6:28)
- What does it mean to have control over your investment? (8:54)
- An overview of all the work that comes with buying a property.. (13:43)
- ...and all the work that comes with owning real estate (18:28)
- How does having an expert team to rely on help with managing daily stress? (20:19)
- Why you don’t have to be passionate about real estate to make it work (23:57)
- How to remove geography as a condition for investing... (28:50)
- ...and how exactly does it help you replace your income (31:14)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Removing Geography as a Condition for Investing (DFY VIDEO): WATCH HERE
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And remember...
Income replacement for you and your family may only be one property away!
Good deals get you closer to your goal. On that point, what makes a good deal will depend on what your goals are.
It's all about perspective.
Steve and I are focused on income replacement, which means conventional methods for estimating real estate opportunities don't apply. They're outdated.
So, what are our options?
In today's real estate industry, you can often hear people advocate "going with your gut" or "following your instincts."
But replacing your income requires security and long term success. Merely going with your gut won't cut it - it's too risky.
What you need is a predictable system that will allow you to mitigate risk and increase potential return.
For us, that system is founded in safe, conservative, single-family property investments. But there's a lot more to it!
We need to take into account characteristics like location, structural repair requirements, affordability...
There's a lot of factors to consider, and we're going to go through all of them in today's episode.
We're going to talk about our own, Done For You definition of a good real estate deal that has helped us guide every single one of our client’s real estate investments and create wins across the board.
Tune in to learn more!
Key Takeaways:
- How do you tell if something is a good deal? (2:59)
- Steve's mind-blowing story illustrating the importance of perspective (5:17)
- How does perspective tie into estimating real estate investment opportunities? (11:39)
- How we determine if something qualifies as a good deal (14:21)
- Why is flipping houses more complicated than it seems? (16:18)
- The characteristics of a good deal (19:42)
- Taking a closer look at the numbers (22:33)
- Discussing the affordability factor (26:19)
- Having a reliable system instead of relying on gut feelings (28:59)
- Doing business the right way (and creating wins across the board) (30:48)
- Summarizing what makes a good deal (34:47)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
The first few episodes of Replace Your Income have been so much fun, and we got to go over some really interesting topics.
Today, we’re going to bring everything together and explain exactly what we do with Done For You Real Estate.
When we got started, Steve and I were looking to build our own real estate portfolio.
We understood that traditional retirement was broken, that income replacement was the key to fixing it, and that real estate was the best way for replacing your income.
Over time, we naturally shifted towards helping other, like-minded people do the same.
The initial drive for starting our business came from wanting to defy the industry gurus.
We grew tired of self-proclaimed real estate moguls, selling the “secrets of the trade” for absurd amounts of money.
And with all of their pricey courses and teachings, they always somehow failed to address the biggest challenge with real estate investments - they take a lot of work!
If you have a day job and a family, you’re probably not looking to take on an abundance of mundane tasks that come with investing in real estate.
You’d much rather have someone do it for you.
Over the last 13 years, we’ve been boiling down our approach into something that would be simple and effective.
But most importantly, into something that could be done for you.
That is essentially how our business came to be, and in today’s episode, we’re going to dive deep into our 4-step income replacement process.
Key Takeaways:
- A quick recap of the first few episodes (2:23)
- Why we started Replace Your Income (5:15)
- Optimizing our approach over the years (6:56)
- All the work that goes into a real estate investment (8:38)
- How to leverage the expertise of others to replace your income (11:59)
- The 4 crucial steps of our process (13:58)
- Why preparation is key (15:40)
- The first step of our onboarding - a Free Income Replacement Estimate (17:15)
- Why is pre-approval more important to us than pre-qualification? (19:30)
- How to browse new properties with our website (25:32)
- A brief overview of our Done For You team (26:48)
- How do we make money? (29:45)
- What to expect after you purchase a property with Done For You? (31:49)
- Why we love what we do (+ Howard’s story) (33:57)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
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SUBSCRIBE for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
Lots of people tend to overhype the importance of net worth. Plenty of it has to do with an old school of thought, but it’s easy to get tricked into believing it.
After all, social media is full of people flaunting their extravagant lifestyles. And when your feed is full of people flashing wads of cash at you and showing off their fancy cars, it’s only natural to start thinking it’s synonymous with wealth.
And it isn’t. Not by a long shot.
You can even see examples of it in the real estate industry, with “coaches” who are doing everything they can to sustain this illusion of wealth.
But high net worth doesn’t imply long-term financial success.
If you’re spending more than you’re bringing in, and if the way you’re bringing it in is limited to the now, it’s only a matter of time when things start going sideways.
You can find proof of this concept in shocking, real-life stories from athletes and celebrities who were reeling in millions, only to end up broke with nowhere to go.
Your net worth is only good for as long as it lasts you.
So if net worth isn’t equivalent to wealth - what is wealth?
The definitions can vary based on what you deem most important. For instance, Steve and I have devoted ourselves to income replacement because we always consider wealth in the long-term.
To us, wealth is about security and controlling our own financial fate.
For this episode, we’re going to dive deeper into the concept of wealth and prove why replacing your income is the only real way of attaining it.
The great thing about it is, regardless of where you are in life, there’s always a way of getting on the right track.
Tune into today’s episode to hear more about the true measure of wealth!
And if you’re not sure whether you’re on the right track, check out our quiz listed in the Additional Resources section below, and get an answer in just 60 seconds.
Key Takeaways:
- The outdated, old-school understanding of net worth (2:04)
- What is the true measure of wealth? (6:45)
- Why I aspire towards being “The Millionaire Next Door” (9:57)
- How do we show the next generation that there’s a better way? (11:11)
- Make sure you’re choosing your own heroes (13:26)
- How close are you to replacing your income? (17:16)
- Understanding true wealth (the story of Dr. Jones and Mr. Jones) (18:30)
- You can always start right where you are now (23:21)
- A good rule of thumb for spending money (24:53)
- Real-life examples of why net worth doesn’t matter (26:36)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Find out if you’re on track to retire in 60 seconds: TAKE THE QUIZ
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SUBSCRIBE for more Replace Your Income:
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
Our great nation was founded on real estate and ownership. It’s a pretty powerful concept when you think about it, and in this episode, we’re going to explore it a little bit closer.
Real estate isn’t the only thing you can invest your money in. For us, it’s the best way to go, and we’ll demonstrate why that's the case.
We’re going to share a bunch of reasons why we like real estate far better than any other type of investment.
This is something Steve, and I wholeheartedly agree on. We believe that if you want to replace your income, the best way to go about it is bit by bit, purchasing one property at a time.
It’s not just something we preach to our clients - it’s also a part of how we do business as a company.
We use the exact same principles to grow Done For You Real Estate.
And it’s not just to show we have skin in the game. We don’t do it purely to show solidarity to our clients.
We do it because it works, and it is the best way of doing it.
There are four crucial reasons why real estate is superior to “traditional” types of investment. We’re going to go through each of them thoroughly, sharing as much insight and experience as possible.
If you want more information on how real estate compares to other types of investment (like BitCoin or the stock market), make sure to check out a link in the Additional Resources section.
We have an infographic waiting with some interesting stats and bonus content!
Key Takeaways:
- The role of real estate and ownership in our nation’s development? (1:24)
- Real estate gives you control (5:23)
- How does real estate rate against other types of investment? (9:17)
- Real estate and the concept of cash flow (12:04)
- Comparing real estate to the volatility-prone stock market (18:42)
- How real estate allows you to utilize leverage (20:10)
- Breaking down the concept of leverage even further (24:58)
- The multiple profit centers of real estate (31:17)
- How do real estate investments hold up against inflation? (33:50)
- The additional, intangible, tax benefits of investing in real estate (36:29)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Infographic comparing real estate to other types of investment: DOWNLOAD HERE
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
What do you imagine when you think about retirement?
For most people, the traditional retirement model is founded on building a nest egg. You work hard at a steady job for a long time, hoping to save up enough money to last you for the rest of your life.
Still, recent statistics about retirement show that there is a legitimate reason for concern.
A sizable portion of the country is not on track to retire!
In fact, about 40% of Americans are not actively saving up for retirement, and only one-tenth are saving up the required 15% or more.
If you add the increased life expectancy and the stock market volatility to the equation, it becomes abundantly clear that the old ways are simply not going to cut it.
It's time to face the music, the traditional retirement model is BROKEN.
So, what can we do about it?
Instead of hoping to retire on your savings, you can set up to retire on your income. And for us, there’s no better way of doing that than with real estate.
Since founding Done For You Real Estate, Steve and I have helped thousands of clients on the road to replacing their income through safe, conservative, and calculated real estate investments. Our Moneyball-inspired formula has always produced results.
So a question comes to mind - why aren’t we all doing this?
And the answer is painfully simple. We just haven’t been taught how.
In most cases, retirement isn’t taught - it’s learned through experience. But today, we can see that the old way isn’t working. We need to educate future generations and show them there’s a better way.
That is going to be the primary goal of our today’s episode.
We’re going to share stories from our own lives, our family’s lives, as well as the lives of our clients that will testify to the benefits of income replacement.
Also, we’re going to have a couple of guests on the show!
First, I chatted with our Customer Appreciation Team Manager, Mike Chamberlain, and later on, I interviewed Steve’s son, Dallin Earl, who is successfully using real estate income put himself through Harvard Law.
It’s a jam-packed, one-hour show, and we hope you’ll hop on for the ride!
By the way, if you’re interested to see if you’re on track to retire, we have a quiz that can help you find the answer in just 60 seconds. Check out the link below, in the Additional Resources section.
Key Takeaways:
- What is traditional retirement? (1:01)
- Steve’s view of traditional retirement (3:06)
- My biggest issue with traditional retirement (5:16)
- What makes traditional retirement so unreliable? (7:02)
- Some frightening statistics regarding retirement in the US (8:08)
- Where did the idea of retirement come from? (11:09)
- How the industrial revolution changed retirement forever (13:19)
- Why is traditional retirement broken? (16:07)
- …And what can we do about it (+ my parents’ retirement story)? (17:39)
- Insights from our Customer Appreciation Team Mgr - Mike Chamberlain (23:25)
- How is increased life expectancy making traditional retirement obsolete? (27:30)
- Stories about our clients & their experiences with income replacement (29:36)
- Leveraging real estate to help with Harvard Law expenses (35:25)
- Teaching the next generation new models of retirement (48:40)
- How to determine if you on track to retire (51:35)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
- Find out if you’re on track to retire in 60 seconds: TAKE THE QUIZ
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If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!
Welcome to the very first episode of our brand new Replace Your Income podcast. My name is Kevin Clayson, and today, my partner, Steve Earl, and I will share how we started our industry-defying business, Done For You Real Estate.
Today’s real estate industry is riddled with misconceptions, with new investors being overwhelmingly encouraged to swing for the fences.
It may sound exciting to some, but it’s a poor “strategy.” And definitely not something you’d want to stake your retirement on.
The reality is most Americans simply can’t afford to swing for the fences - the consequences of striking out can be devastating. You could lose everything you’ve worked so hard for.
When Steve and I met a long time ago, we both were both drawn to a more conservative approach, revolved around replacing your income one property at a time.
Our investment model was inspired by Moneyball, a sporting phenomenon that redefined baseball and showed that there’s a way of being competitive despite operating with a low budget.
Using a safe strategy of investing in single-family residential real estate, we founded Done For You Real Estate. With over 13 years of experience and 4000 transactions, we proved that a “get rich slow” model, focused on hitting singles works time and time again.
We were never in it for the flash - our goal was to secure long term success.
Replace Your Income is our way of sharing the lessons we’ve learned with our community. We’re hoping to provide you with enough reasons to get off the bench and start hitting those singles!
In episodes to come, we’ll share some of our key principles, invite clients to tell their story, and catch up with experts on current industry trends.
Key Takeaways:
- Welcome to Replace Your Income podcast (1:11)
- Steve’s inspiring backstory (2:16)
- How Steve risked everything to become an entrepreneur (6:33)
- My life before real estate (10:42)
- Steve’s early experiences with the real estate industry (16:10)
- The mortgage deal that changed the course of my career (19:41)
- How Steve and I started working together (23:40)
- Why we founded Done For You Real Estate (26:08)
- What each of us is bringing to the table (28:13)
- The purpose of this podcast and what to expect from future episodes (31:01)
- Helping people replace their income (The Moneyball Approach) (32:46)
- Why you need to change your approach to the game (34:50)
Additional Resources:
- Learn more about Done For You Real Estate: VISIT HERE
- Get a FREE Income Replacement Estimate (IRE): APPLY HERE
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SUBSCRIBE for more Replace Your Income:
https://bit.ly/ReplaceYourIncomePodcast
If you enjoyed this episode, please rate and review our podcast. Thank you for your support!
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And remember...
Income replacement for you and your family may only be one property away!