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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And remember...

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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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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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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 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: [email protected]
• 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

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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

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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!

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

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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, 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: [email protected]

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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!