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...
Nov 17, 2020•38 min•Ep. 26
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 edu...
Nov 09, 2020•38 min•Ep. 25
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 app...
Nov 02, 2020•36 min•Ep. 24
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 mass...
Oct 26, 2020•52 min•Ep. 23
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 wo...
Oct 19, 2020•38 min•Ep. 22
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 ...
Oct 12, 2020•32 min•Ep. 21
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 t...
Oct 05, 2020•33 min•Ep. 20
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...
Sep 28, 2020•43 min•Ep. 19
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 w...
Sep 22, 2020•32 min•Ep. 18
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 ...
Sep 14, 2020•35 min•Ep. 17
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 d...
Sep 07, 2020•35 min•Ep. 16
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 real...
Aug 31, 2020•38 min•Ep. 15
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...
Aug 24, 2020•49 min•Ep. 14
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 st...
Aug 17, 2020•44 min•Ep. 13
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 pe...
Aug 10, 2020•38 min•Ep. 12
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 w...
Aug 03, 2020•33 min•Ep. 11
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 rea...
Jul 27, 2020•44 min•Ep. 10
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 t...
Jul 21, 2020•45 min•Ep. 9
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’...
Jul 13, 2020•36 min•Ep. 8
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 ...
Jul 06, 2020•35 min•Ep. 7
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 s...
Jun 29, 2020•39 min•Ep. 6
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, w...
Jun 26, 2020•39 min•Ep. 5
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 indus...
Jun 25, 2020•30 min•Ep. 4
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 t...
Jun 24, 2020•40 min•Ep. 3
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-ten...
Jun 23, 2020•54 min•Ep. 2
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 r...
Jun 23, 2020•42 min•Ep. 1
Jun 01, 2020•6 min•Ep. 1
