done for you

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!

enDecember 06, 2021

The Moneyball Mind

“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:

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!

enNovember 29, 2021

Partnering With Inflation

“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:

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!

enOctober 28, 2021

The Secrets of Finding Properties In Tight Markets

“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

FOLLOW for more Replace Your Income:

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!

enOctober 18, 2021

Property Values?...

“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

FOLLOW for more Replace Your Income:

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!

enOctober 12, 2021

There’s Been A Death...

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

FOLLOW for more Replace Your Income:

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!

enSeptember 27, 2021

How To Make The Most Out Of Your Property Manager

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

FOLLOW for more Replace Your Income:

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!

enSeptember 06, 2021

Have You Traded Your Financial Future For Financial Security?

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

FOLLOW for more Replace Your Income:

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!

enSeptember 02, 2021

Market Updates From The Sunshine State

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

FOLLOW for more Replace Your Income:

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!

enAugust 25, 2021

OKC Part 2 - The Update You've Been Asking For

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

FOLLOW for more Replace Your Income:

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!

enAugust 18, 2021

The Eviction Ban Is Over... What Does It Mean For You And For The Market

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

FOLLOW for more Replace Your Income:

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!

enAugust 09, 2021

Inflation Is Here... Are You Ready And How Can You Protect Against It?

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

FOLLOW for more Replace Your Income:

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!

enAugust 02, 2021

A Real Estate Plan Is Important, But This Is Even More Important ...

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

FOLLOW for more Replace Your Income:

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!

Replace Your Income

enJuly 26, 2021

real estate

conservative

simple real estate

Is This Different (Or Better) Than Turnkey and BRRRR?

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

FOLLOW for more Replace Your Income:

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!

Replace Your Income

enJuly 19, 2021

real estate

conservative

brrrr

New Market Announcement - OKLAHOMA! Where The Profits Come Sweeping Down The Plains

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

FOLLOW for more Replace Your Income:

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!

Replace Your Income

enJuly 12, 2021

real estate

conservative

simple real estate

How To Win Deals In This Historically Tight Housing Market

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

SUBSCRIBE for more Replace Your Income:

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!

enJune 03, 2021

The Power of One: Every Action You Make DOES Matter

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

SUBSCRIBE for more Replace Your Income:

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!

enMay 19, 2021

Income Replacement Case Study: Peeling Back The Layers Of Actual Income Replacement

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

Follow Replace Your Income:

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!

enMay 03, 2021

The Anatomy of Partnering: What You Need To Know About Real Estate Partnerships

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)

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enApril 26, 2021