The Money Advantage Podcast

The Money Advantage Podcast

Done For You Real Estate, with Kevin Clayson

August 05, 2019

Today’s interview is about turnkey investing with Done For You Real Estate (DFY).  We’ll also discuss the tips, tricks, and secrets of turnkey investing, and reveal how every investor can replace their income with rental real estate. 

Where Investing Fits into the Cash Flow System

As important as it is to invest in the right opportunities, it’s just one step in the bigger journey to time and money freedom.

That’s why we have created the 3-step Business Owner’s Cash Flow System.  It’s your roadmap to take you from just surviving, to a life of significance, purpose, and financial freedom.

The first step is keeping more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you’ll protect your money with insurance and legal protection, and Privatized Banking.  Finally, you’ll put your money to work, increasing your income with cash-flowing assets.

Who Is Kevin Clayson?

You may remember Kevin from March 2018 when we talked about his life-changing book, FLIP the Gratitude Switch.  Go back and check it out here! 

We like him so much that we’ve brought him back to talk about turnkey real estate, one of his other life missions. 

Turnkey Real Estate Tips, Tricks, and Secrets

* Stop swinging for the fences, and hit consistent singles in real estate.* Don’t focus on hitting the home run so much that you’re not focused on serving the people right in front of you.* It’s possible to cut your down payment in half when you are looking at investment real estate.* Use a transparent turnkey provider who is upfront with their fees.* Find a turnkey provider who is willing to introduce you to their contacts, including other clients.* Work with someone who helps with more than the transaction, but is part of a comprehensive strategy.* A real estate company has to be more than education.* Real estate can make you wealthy, but use a conservative strategy to replace your income first.* Always have a “sleep well at night” account of reserves.

Done For You Real Estate Conversation Highlights

* The complexities of investing in real estate on your own vs. working with a turnkey team. A turnkey provider does the research and handles the rehab, marketing, placing tenants, ensuring profitability, and successfully managing the property.  You still take title, ownership, and get tax benefits.  It’s an opportunity to have a team of experts do the hard stuff while staying in control.* Real estate is a long-term strategy. It’s not just buying for the benefits today, but for a whole bunch of tomorrows.* Done For You Real Estate uses a short-term buy-and-hold approach. They don’t just help you purchase one property.  They help you put together a game plan to know when that property will buy your next two, and when those two will buy your next four.  Then, you'll get an annual review to analyze the property and market performance and consider the options of continuing to hold, refinancing, or selling to help clients make the right decisions.