Replace Your Income

By 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 f... more

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FAQs about Replace Your Income:

How many episodes does Replace Your Income have?

The podcast currently has 117 episodes available.

Replace Your Income episodes:

October 12, 2021Property 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:
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!
...more
33min
September 27, 2021There’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:
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!
...more
31min
September 06, 2021How 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:
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!
...more
40min
September 02, 2021Have 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:
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!
...more
39min
August 25, 2021Market 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:
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!
...more
32min
August 18, 2021OKC 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:
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!
...more
39min
August 09, 2021The 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:
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!
...more
33min
August 02, 2021Inflation 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:
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!
...more
30min
July 26, 2021A 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:
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!
...more
34min
July 19, 2021Is 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:
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!
...more
43min

FAQs about Replace Your Income:

How many episodes does Replace Your Income have?

The podcast currently has 117 episodes available.