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Just the whole mentality around what you choose to invest in, what you choose to afford, and I would say the same thing for your real estate. The work that you do. Don’t just have to go spend time at a job that you hate. Choose to invest time in a way to earn income for your family. You reframe that just like you reframe a rate and term refin.

Into an roi. Refinance language is so powerful. What would your life look like if you could replace all of your working income with simple and conservative investments that could do it for you? Over the last 13 years, we’ve helped thousands of clients transact over half a billion dollars in simple and conservative real estate transactions.

Allowing them to begin replacing their work income with real estate investment income. Each week we’ll be pulling back the curtain on the ins and outs of real time retirement based real estate transactions that will transform your financial future even if you have no real estate experience. This is Replace Your Income with me, Kevin Clayson and Steve Earl.

All right, everybody. Welcome to Replace Your Income Podcast with. Kevin Clayson and my man, Steve Earl. Steve, what’s up man? Hey man. Get to be here. Hey, so what he got over there? You got a bag of something over there? What’s going on? I just found this bag of peanuts on my Really, like, just, That’s so weird.

It’s weird. Where, where did it come from? It just dropped from the sky, or, Yeah, there’s this guy named Kevin Clayson that like put him on my desk as like, what is up with the ? You guys? I, So we are not recording the podcast on the day we usually record. And so I kind of had to coerce Steve. So I text him earlier and I was like, Hey dude, can we record the podcast today?

Cause I’ve had like this crazy busy week and we’ve had a ton of stuff going on. We didn’t get the podcast in. I was like, Steve, can we record today? And so he responded back. And what did your texts say? Well, you’re kinda like, Is there anything I could to convince you to, to do this today? And I said, Well, I work for peanuts.

So, uh, you know, If you can get me a bag of peanuts, I’ll, I’ll for sure be there. Which of course I knew he was kidding. But I went over to Harmon’s and I bought a bag of peanuts and then I had us sitting on the desk here in where we record, because I didn’t want Steve to think I was trying to, you know, it’s now official.

I do work for peanuts. You can, That should go on your card. That should. My name is Steve, bro. That’s gonna go at the bottom of my signature line on the rest of my emails from that one. Work for peanuts. Oh man. Well, we are so excited to be with you guys and thank you so much for listening to the podcast.

As always, man, we love you guys. We love doing this. We feel like we’ve had so many awesome things to discuss, and unfortunately we’re totally out of things to discuss. We’re done. So this’ll be the last episode. I’m kidding. I’m kidding. We’ve got so much that we can still talk about. In fact, today’s episode is something that I, Steve, I think I could pretty much guarantee that everybody listening right now has never heard.

Refinances talked about in the way that we’re gonna talk about ’em today. What do you think? Yeah, I think maybe there might be one or two people care. No, not one or two. I guarantee there is zero. I just kidding. Okay. Maybe some of our clients throwing out disclaimers, some. He’s the compliance guy. You know, some of our clients probably have heard this discussion, but we, I just wrote this article for Forbes and so I’m not sure when it’s gonna be published, but it was based on this idea that we’re gonna talk about.

We’re gonna be talking about refinances because refinances, they’re super prevalent right now. Interest rates are really low, we all know about it. Last week on the episode when we talked about the perfect storm for real estate investors, we were talking about how low interest rates are. And, uh, but this is a new way to look at refinancing your mortgage.

Not just any mortgage, but specifically your investment property mortgages. And this is totally on brand, totally in a. With the whole Replace Your Income podcast because we feel like it’s our duty to help you think about things a little bit differently. We know we have a different perspective, a different way to look at the world, and we like that and so we like to share it, right?

Yeah. I mean, get better ugly. We tend to have a little bit. Of a unique perspective on a lot of different things. Yeah. Which, which is no exception. Which either means we’re insane or it means maybe we’ve thought about things differently than other people. I’m probably thinking we’re insane. But yeah, I, you know, I think sometimes when we look out the window and everybody’s seeing one thing, we’re seeing it completely different.

We really are. Yeah, it’s true. Do you remember that, um, thing that was on Facebook a while ago and it was like the dress and some people thought it was like black and gold and some people thought it was blue and white. Do you remember? Vaguely. I do remember something like that. And it was like this thing that swept the nation and I we, I think it’s, that’s just kind of the dress is the dress.

And while most people may see it as black and gold, we’re gonna talk about it being blue and white. And you know what our perspective and the angle at which we look at things based on our experience, based on our client’s experience more than. Does give us a unique perspective, but I think that’s why people come to the podcast.

I don’t know. I hope that’s why you’re listening because we’re not just gonna give you the same line and the same mumbo jumbo that everybody is out there saying, because we look at things differently and today is no exception as we begin to talk about refinances. So Steve, I wanna preface this episode and really kind of what we’re gonna discuss.

Tell everybody how you, Cuz this is, honestly, I’ll tell you. Steve is the mastermind here. He is the one that had sort of this thought and kind of initially worked up the numbers because he was trying to serve one of our clients. Would you maybe tell that story of how you kind of started to look at it this way and then we’ll dive into what it is and give you guys a brand new term, a brand new definition of a way you can look at your investment portfolio that hopefully will have a profound impact on every investment piece of real estate you do from this day.

Yeah. You know, when people look at refinances, they typically take a look. It’s like, Hey, you know, maybe a couple years ago they had a primary residence or an investment property, and let’s say that the annual interest rate was 6% or five and a half percent. Or 5% or whatever it was. I mean, just last year, I mean, we’re doing loans right around 5% their ish.

Yeah. Which was a great interest rate. That’s great interest rate. I mean, you can cash flow very nicely, five. . And as things kind of changed and interest rates were beginning to drop again, you know, there was a lot more interest in refinancing and that kind of a thing. And typically the way that we’ve kind of positioned, uh, refinances is, well, whenever you do that, there’s a cost involved.

And make no mistake whenever you hear the commercials saying, Hey, this is a no cost refinance. Yeah. I guarantee you that company’s not doing it for free. No. 100. It’s not a charity. Yeah. It’s They’re making money somewhere. They’re making Really, Really, Yeah, they are. And so, so what we would do is we’d help our clients kind of analyze the refinance of whether it would make sense in, in, in their case.

So let’s say that they could go from five to call it 4% or something like, And the cost to refinance their property, let’s call it was $6,000. If they could save for ease of terms, if they could save a hundred dollars a month, that would be $1,200 a year. Right. And so that it would save them in payment.

Yeah. Right. That that would save them in payments. Well, in fact, let’s make it even easier. Let’s say that the total savings per year was a thousand dollars, and if the cost of their refinance was $6,000, it would take six years. Right. To recoup the money you spent, right? Yeah. Well, and let me back up for refinance your property and let me back up for a second because I, look, I, we know we have all kinds of different expertise levels listening to the podcast.

So for the handful of you where maybe there’s a ton of you who are like, Wait, what is this refinance business? I mean, look, here’s the deal. When you go and buy an investment property or your primary residence and you utilize a mortgage, you sign for that loan and there is a certain term of payments.

Usually it’s 30 years or 360 months. And usually there’s a certain rate that you’re assigned. So your interest rate at which you are borrowing the money from the bank, you know, minus whatever you put down under the property, and then the term of the loan during which time that your payment will be amortized.

You’re gonna pay a bunch in interest and you’re gonna pay money in principle, but it’s gonna take you 30 years to repay that loan making, you know, I don’t know. However, whatever your payment. Every single month. And so for people when they look at doing a refinance, right, and all these ads, and maybe most people know this, but just in case there’s somebody who’s like a beginner out there and going, I don’t fully grasp the idea of a refinance.

It’s this, You have a loan that you put in place. However, many years ago you had a little down payment, you were assigned an interest rate, and you were assigned a certain loan. When you do a refinance, you’re basically recalibrating the loan. It’s actually you’re closing one loan and starting an entirely new loan with a brand new rate and a brand new term.

And so a lot of times you maybe did a purchase five years ago, and if you go to refinance that loan, effectively what’s happening is you’re paying off your first loan and then you’re starting a new loan for whatever the remaining balance. On your property, plus closing costs with a brand new term that’s gonna probably extend it out to 30 years again, even though you’re already five years into the loan.

And then a brand new interest rate. So a lot of people will do a refinance for a variety of reasons. They may do a refinance, something called a rate and term refinance, where they go, Oh, You know what? I just think I can get a better interest rate. Or maybe you had a 30 year loan, you’ve paid on it for five years, and you decide, you know what?

I wanna shorten my term. I’m gonna refinance my loan into a 15 year mortgage or a 20 year mortgage. My payment will go up, but I’m going to cut the amount of interest in theory that I’m gonna be paying. That would be an example of a rate and term refinance. Either lower rate extending the term or maybe different rate and shortening the term.

That’s a rate and term refinance. And then there’s this idea of a cash out refinance, which is if I bought a property five years ago for, I’m just gonna use super easy numbers for a hundred thousand dollars and I paid off 20 grand, I owe 80 grand on the property, but my property is worth 200,000, I could go do a refinance for 150,000 and that.

70 grand comes to me. I’ve got a brand new term, I’ve got a brand new rate. My loan balance has changed some, and that’s a cash out refinance. You’re refinancing your home with the intention of pulling out some of the equity in order to utilize that. So, Those are the most common forms of refinance that we see, that we hear, and that’s kind of just the general, I guess, refinance 1 0 1.

Yep. And with each refinance, as you described, you called it closing costs. That’s the cost of refinancing. So there’s always costs involved, right? Because people are gonna make money to refinance a loan. The loan officer’s gonna get paid something, the bank’s gonna get paid something. You’re gonna have additional company, the title company, there’s all these people that are going to make money through the loan process.

Those all get balled into closing costs, right? And it can make a lot of sense and it can sometimes not make sense. So for example, If you were refinancing, and let’s say that you were only gonna save $25 a month and it was gonna cost you $6,000, you know, to do the loan. So $25 per month times 12 months, you’re gonna save $300 a year.

And if it cost you $6,000 to do that loan, You take the $6,000 divided by $300 per year, it’s gonna take you 20 years to recoup the costs to refinance your home, right? That may not make sense. Probably not. Because most people don’t even hold onto a loan for 20 years, right? You probably refinance again or sell the home or do something and you will not have even recouped your cost.

So in that case, it probably wouldn’t make sense. Now in the, the first example I shared with you, if you’re gonna save a hundred dollars per month, so. $1,200 per year would be your savings. If you take that in your payments, that’s your, your annual payment savings. If you did a refinance that was gonna save you a hundred bucks a month, you’re saving 1200 a month in payment.

I mean 1200, 1200 a year in payments. And so you take $6,000 and divide it by. The $1,200 that you’re gonna save per year, it’s gonna take five years to break even. Right. To recoup that $6,000 that you, you know, that you, uh, either increased your mortgage by, or you came outta pocket to Right. To pay for.

And so at five years, it might make sense. Yeah. So the thought there would be a, I’m gonna, I think I’m gonna own the property for at least seven years. Right. So if I. Own the property for at least seven and it’s gonna save me in payment right now. If I can recoup those costs in five years, I have two years where I’m effectively ahead of the game.

Right. That, and that’s a very traditional kind of way that a lot of people look at the mathematics behind whether or not they ought to do a refinance on a property. Exactly. So it’s literally an extra hundred dollars. A month in your pocket, right? When you say, so you, If you think to yourself, it’s like, could I use an extra a hundred dollars a month?

It would be huge. Then that makes a big difference. Now here’s kind of the unique thing. So again, most people look at it in terms of break even point. How much does this loan costing me? So I started looking at this a little bit differently. I was like, Well, wait a minute. You know, that’s not super exciting to me.

When I think to myself, Hey, I’m gonna spend $6,000 to save a hundred dollars a month, It’s gonna take me five years to recoup that money. I’m like, uh, I could take her, leave it. Right? It feels a little anti-climatic. But then if I, if I said to you, Kevin, Hey look. If you would be willing to loan me $6,000, and I said to you, Hey, I’ll pay you 17% interest on that $6,000 loan to me.

How interesting would that be to you? That sounds real interesting to me. Right? A 17, 17%, that’s better than most critical. Oh heck yeah. Right? Yeah. So you might be like, Hey, if I got $6,000 lying around, I trust you a lot, Steve. Sure. Uh, yeah. I want you $6. How long you’re paying me? 17%. That sounds real good.

So I started thinking it’s like, wait a minute, we need to take a look at this. In terms of roi, what’s your return on investment of that $6,000 cost to refund that refinance? Yeah. So if you could simply save a hundred dollars a month, which would be $1,200 a year, um, all of a sudden I’m kinda like, so you, what you do is you take that $1,200 and you divide it by your 6,000.

Investment. Instead of looking at it in terms of cost, look at it in terms of investment. All of a sudden that’s actually 20%, that is a 20% return on your investment. Does that make sense? Yeah. So is there a better way to say it before, Let me just restate it the way that I understood it, cuz when you first came and shared this with me, I was like, wait, what?

Cuz I had to get out of my mentality. You always think about a refinance in terms of what is the cost and how long does it take to recuperate the cost, because that’s how we’ve been sort of trained to look at refinances. But then when you said, Okay, wait, wait, wait. Kevin, think of it like this. If you didn’t spend $6,000 to do a refinance, but you invested $6,000 in order to get a return on your money, and here’s how it works.

If I spend slash invest $6,000 to do a rate and term refinance on an existing investment property, and it saves me, what were we saying it was gonna save a hundred dollars a month, a dollars a month. What I’m now doing is I’m going, okay, my actual cash in my pocket. Increases by $1,200 a year. So if I were to lend out, and this is what Steve was saying, if I were to lend out 6,000 and I was getting 1200 back a year or whatever, that seems like that’s a pretty good rate of return.

But w we don’t look at refinances as an ROI situation, but all we’re saying is if you could shift your perspective and instead of saying, How much is it gonna cost me to do this loan? Instead, you go, Wait a second. If I were to quote unquote invest $6,000 into this refinance and it were to give me a net increase of $1,200 a year, what is my return on the money that I spent slash invested in order to get that $1,200 a year?

Well, that’s the, What was the percentage that you said? 20%. 20%. So, so now what You just effectively. Is you increased your overall rate of return on your investment property, but specifically inside of this little environment of, I’m gonna invest money in order to make more money, you are reframing the idea of a traditional rate and term refinance into this new term that we created called an ROI refi, or a return on investment refinance.

And all we’re saying is if you look at it differently, you may say, You know what, Wait a. If I’m only gonna own this property for the next five years before I sell it or whatever, and I can get an additional a hundred dollars a month on this property today by just investing in additional $6,000, you basically are investing a little bit more to get a larger return.

And so a lot of us don’t think of refinances in terms of invest. We think of it in terms of cost, and so that’s the reframe here, right? It’s the, let’s look at a refinance maybe as an investment into your cash flow and into your future and or that time that you own the property instead of just looking at it as a cost.

Well, and Kevin, you can actually take it one step further because in most cases you don’t even have to come out of pocket that $6,000, like you don’t have to go to the bank and pull at $6,000. You don’t have to go to the ATM mentioning, You don’t have to even write a. Typically because you can just increase the amount of your balance on your loan and include that, you know, in the finance portion of your mortgage, right?

So you don’t even have to necessarily come out of pocket right. Now, having said that, you can come out of pocket and it literally is an investment that in this scenario, pays you a 20% return on that $6,000. And so the way I like to frame. When I’m talking to somebody about this is, Hey, would you be willing to loan me $6,000 if I told you I was gonna give you a 20% return on investment?

I’ve never had somebody say no. Yeah. I was gonna say no. Right. You know, Unless you’re like, Well, I would’ve if, if I had $6,000. Yeah. Right. and, and in some cases I don’t have $6,000, but if I did, yes, I would like that. And so it’s a just a very different way to look at a refinance situation. I know, I know You’ve got some kinda specific.

You know, SNAs that Yeah. That maybe you can share. Well, and so I’m actually just gonna read some numbers from the Forbes article that I wrote. Okay. So here’s from the Forbes article. Okay. This is what I wrote. I, I just gave an example and I said, Okay. Let’s say you bought an investment property for around 180,000.

Let’s assume you put 20% down plus closing cost fees, et cetera, and your initial loan balance on the property was 148,000 at five and a half percent interest rate when you went and bought this property. So, That gives you a monthly principal interest tax and insurance payment of $1,124. Okay? So the assumption is you go buy a property, it’s 180,000, you put 20% down, you got a five and a half percent interest rate.

Your payment’s 1124. Okay? That’s your monthly payment. Well, let’s say that you have an opportunity today, five years later to be able to refinance your property. Okay? Now, let’s just assume, all right, your property’s now worth a little more than $200,000. You’ve paid down $12,000 in principle, so your loan balance today is like 136,000 versus the initial 148,000 When you got the property initially.

So you have a loan balance of 1 36. Your property’s worth around 200,000. And let’s say you find out you could do a refinance today for like 4.125%, right? Pretty good interest rate. By the way, interest rates today. The moment that we are recording this podcast would probably be even lower than that. But 4.125 is a dang good rate.

So let’s just use that as the assumption, right? Yeah. It’s actually close to like three and a half to three and a quarter, which is crazy, right? . Yeah. But let’s say you could now refinance this investment property you bought a couple years ago for 180. That’s now worth 2 0 7, that you currently owe 1 36 on.

Let’s say that you could refinance your home at 4.125%. So you’re refinancing for like a more than a full percent lower than your original loan, but you find out that it’s gonna cost you. $6,000 and you’re probably just gonna roll that into your loan balance. So in other words, your loan balance may go from 1 36 up to 1 42.

That’s the cost quote unquote. Your loan balance increases by 6,000, but let’s say. That. What that ends up doing is it lowers your expenses or your payments, like 150 bucks a month. Okay? So in other words, your cash flow goes up by 150. Your expenses go down, and so you’re all for this $6,000 of increased loan balance.

Okay? So if you were to take your new annual effective gain of like 1800 bucks a year and divide it against the 6,000, you quote unquote spent in increased loan balance to do that refinance, and you were to do the math that way. Your return on that $6,000 of increased loan balance because of the increased cash flow, your return on that investment is like 30%.

Which is crazy, right? So if we look at refinances in a traditional sense, we’d go, Well, it’s gonna cost me $6,000 to do that. Refinance my $150 in savings a month. It’s gonna take me approximately, I don’t know, two or three years or whatever to pay off that. Well, I think that might make sense. We’re saying, Look, you don’t even have to do that math.

You don’t even have to look at the two years, the three years, how long it’s gonna take to pay it off. Plain and simple. You increase your loan balance. It’s like double leverage, right? You’re already leveraging the bank’s money, so now you leverage a little bit more money, right? If you’re increasing your loan balance through the closing costs of doing the refinance in order to get a larger return or a larger cash flow.

You guys, it’s just simple leverage. Arbitrage. It’s all of the stuff that we’ve been talking about. It’s looking at it through the eyes of income replacement, not looking at it through the eyes of cost. In fact, this is a principle that I love to teach people, and I learned it from a mentor of mine, and this is the principle.

So often we look at things that we spend money for as an expense. Just try this, you guys. What if instead of buying yourself lunch, you invested in lunch for yourself, right? Just think of the, the shift, right? It’s like, Oh, I gotta buy lunch. Oh, I have to spend, you know, $12. Good lunch. Now I invested $12 in a meal.

I love that. Fueled me and gave me energy and nourish. All of a sudden it reframes it. Right? So often we’re like, Man, when I went to college Steve, it was like, how much do I have to spend in books? And it was always like I was buying books and it was so like we hear that all the time in college. Yep. Man.

What if you invested in those books? If you could reframe your expenses to the idea of investing, And by the way, let me also say this. This is just kind of a little pet. So often many of us approach our finances from this, I guess, mindset of scarcity, right? Oh, I can’t afford that. You know what we say in our family?

We say, we’re gonna choose not to afford that right now. Cause the reality is you can always go get money. You can always go find money to probably afford the things that you want. Maybe you have to. Utilize leverage or some credit in order to buy the things that you think you need to buy. But if you just choose not to afford that right now, it feels very different than I can’t afford it.

Well, and Kevin, along those lines, I love the way that you frame that with your, hopefully with your, with your children. Yeah. Yeah. That’s what we say. It’s, yeah. It’s more along the lines of, Hey, we’re choosing to invest in, in this vacation over buying this other car, or whatever. Exactly. Like you’re, you’re just making a different choice because your return on investment is gonna be very different.

So you get to choose and all of a sudden your expectations change dramatically to where it’s like each time you spend. On something, if you look at it in terms of an investment, it’s like you create an expectation of what you’re gonna get in return, and it just, it’s powerful. That’s a fantastic way to look at it.

Yeah. I love that. Yeah. So I mean that’s, that’s kind of what we do in our family. Like, and sometimes my awesome wife, she’ll be like, uh, Gosh, I, the kids will say, Can we go do blah, blah, blah, blah, blah, Or can we go on this vacation or can we, you know, buy that house or whatever. And sometimes my wife will be like, No, and we can’t really afford that.

Right? And, and I’m always like, Well, no, we’re choosing not to afford that because it really is a choice, right? So here, let me give you a real life example. So last December, right? And you know this Steve, my family, we went to Disney World. I can’t remember if I’ve talked about this on the podcast. What we did is we could have chose to afford a Disney World vacation just kind of on our own.

It would’ve been awesome that kids would’ve loved it, but instead we chose a different path. We chose to clean the office that you and I sit in right now, right? So we, we didn’t have cleaners in the office. Instead, we, uh, you were kind enough. Allow my family to come in so that we could teach our kids how to work and we paid my family the amount of money we would’ve paid cleaners, right, to come in and clean the office.

And I brought my wife and my. Every single week, two times a week to go through and do a whole variety of different tasks and cleaning. Then we took 100% of that after we paid tithing on the money, cuz that’s something we believe in. We paid tithing on that, those dollars that came in. We saved the rest of it, and then we used it to afford a Disney World vacation together.

Now because we did that, we chose to afford the accommodations that we were. We chose to afford the flights that we chose, and we brought the kids into every piece of that for the rest of our children’s lives. They will know that they worked, invested, and chose to afford an awesome Disney World vacation that they will never, ever forget.

But if we just would’ve been like, You know what, Let’s just book the, you know, let’s, let’s go stay at, uh, I don’t, I can’t think of it right now. One of the, I don’t know. The Polynesian Resort or whatever, or the animal Kingdom resort and, and it’s gonna cost, you know, three times as much and we’re gonna fly first class and, but we’re still gonna go on the same rides.

Our kids would’ve loved the vacation, but they wouldn’t have had an emotional attachment to the investment they made in the choice to afford the vacation in the way that we did. We literally set a budget and then we told our kids, we can choose to do this or we can choose to do that. For example, what we told them is we.

Here’s the amount of money that we’re gonna have for the vacation. We can choose to stay in a much nicer hotel that we’re only gonna sleep in for a few hours a day, or we can choose to stay in a more value driven accommodation, but we’re gonna choose to spend more money on treats and meals and souvenirs during the day.

Well, what do you think they. I’m sure they chose the latter . They totally did. They’re like, Wait more treats? And so we totally set this thing up. Now I share all that just to say, Well, and Kevin, your kids will never forget that experience. Well, and participation, the whole thing. Yeah. In the work that the lessons learned.

Yes. Phenomenal. Well, and I appreciate you giving my family the opportunity to do that because that was something we could have just kept paying cleaners and, and you were super cool about, you know, letting us do that and teach our kids this lesson. So thank you for that cuz you know, we certainly could have made a different choice, but.

Just the whole mentality around what you choose to invest in, what you choose to afford. And I would say the same thing for your real estate. The work that you do. Don’t just have to go spend time at a job that you hate. Choose to invest time in a way to earn income for your family. You reframe that just like you reframe a rate and term refinance into an roi.

Refinance language is so powerful and the perspective we. The way that we choose to frame something as an investment instead of an expense as choosing to afford something instead of not affording it or, or can’t afford it, or choosing not to afford it as opposed to just spending whatever. All of these things, we just reframe the mind, which changes the results and it really is profound.

And just at, to kind of put an exclamation point on it, Steve, this whole thing came about because you were talking to one of our very successful clients who’s done a lot of real estate, who was consider. Some refinances, he was looking at ’em as a rate and term refinance, like, Ah, what’s the expense gonna be?

Once you reframed it as ROI refinance and helped him see that effectively he’s increasing loan balance and investing these dollars to get a greater return on those dollars. What did he choose to do? Yeah, he definitely, he did the refinance and we’ve had the opportunity to have that conversation with many of our clients at that point.

And what’s interesting also, Kevin, is, is that one of the things that makes us such an amazing opportunity right now and why it’s so important to kinda reframe that conversation is because we’re living in a time right now where the thought came to my mind that I don’t know how. Could go any lower. I think I said that a year ago.

Right, right. But we’re now at this point in time where we’re getting loans, investment loans in the 3% range. Unreal. Which is unreal. And I said to myself, it’s like I cannot like let our clients, I cannot let myself like this. There’s just been this massive sense of urgency that we have to take advantage of this time in the history of the world.

Yeah. And the history of our country. When there’s this kind of perfect storm, kind of what we talked about last week. Yep. Right. That there’s this opportunity and interest rates are one, one of the driving forces in this perfect storm that I just feel like anybody who has the ability to take advantage of this opportunity, gosh, I just have to encourage you to do so to purchase investment property at this.

And of course, if you already own investment property or a primary residence to take the opportunity to refinance. That property. Right? And take advantage of what that can do for you. Right now, all this is really doing is it’s elevating your investor mindset game, right? We’re saying reframe that, refinance to an roi, refinance, take advantage of it.

Look at it as an investment in the short and long term, and you may choose to start seeing the world through a different set of lenses, just like. And I’ll tell you, it makes a huge difference. So here’s what I think we should do, Steve. If you guys want to see a video that describes what we’re talking about, this ROI refi, and if you wanna see the article that will get published on forbes.com, I’ll change it a little bit cuz we can’t publish on our site what we’re gonna publish on forbes.com.

They kinda have some rules. I’m gonna give just kind of an overview description of, maybe I’ll just give you like a, You know what I’ll do, Steve? Here’s what I’ll do. I’m gonna build out a page. We’re gonna put the ROI refi video, and I’m just gonna do like a transcript of what we say in the video, and I’m gonna put that on the page for you guys.

Sweet. And we’ll put some numbers on there so that you can take these ideas and you can say, Okay, I get it. I gotta look at my refinance through a different set of lenses. What is this ROI refi? How does it compare to a rate and term or a cash out? And use this site, d fy dash real estate.com/r o i refi, So that’s R O I R E F I, ROI refi, D fy dash real estate.com/r o I refi.

We’ll put the video, we’ll put a transcript of the video and that way you’ll have some resources to go and look at this and add this as another tool, another arrow of your financial, uh, that you know, another financial arrow for your qui. As you continue to reframe the way you look at the world as you go to replace your income, as you utilize simple and conservative investments to change your now and to change your forever, and hopefully this will be an awesome resource for you, and you’ll be able to look at that and share it with others.

Please feel free to share that and share the podcast too. We love it when you share the podcast, please, if you haven’t had a chance to rate and review the podcast, please go do. You could rate it whatever you want. Just so you know, Five stars is the appropriate amount. I’m pretty sure , um, no, I’m just kidding.

But really rate and review the podcast if you haven’t share it with a friend. And, uh, we just appreciate you guys so much. We hope this has been beneficial and giving you another financial arrow for your quiver as you continue to replace your income one property at a time. Steve, any partying words before we sign off this week?

Uh, nothing more than I know a lot of our clients actually happen to listen to this podcast. If by chance you’re listening to it and you haven’t kind of considered a refi on, on some of your investment properties, get ahold of your vp, get ahold of us. We got like 10 different ways that you can get ahold these days and uh, and just look into, we’ve actually put together a refi worksheet, which is just an analysis of whether it makes sense to refinance one of your investment properties or your primary residents for that matter.

And of course, we’re willing to do that for our clients. We’re willing to do that for. People who’ve never worked with us before for that matter. Yeah. If you, if you’re, if you’re listener, you know, go to the website and, and say, Hey, I’d love to have an income replacement estimate and request that we give you a call and we could go through that worksheet with you as well.

Yeah. Happy to do it. Free. It’s, I mean, and of course everything we do is, is basically free other than when you, until you transact. Really. Until you transact. Right. Well, awesome you guys. Thank you so much for joining us on Replace Your Income. I hope this has been beneficial. This has been a fun episode for us to do and we love you guys so much.

We appreciate you, and we’ll sign off for now and we’ll see you next week. All right, take care. Thanks so much for listening to replace Your Income with Kevin and Steve. Do you wanna connect with us? And other income replacement rangers out to obliterate the status quo and experience real retirement with income replacement through real estate type done for you Real Estate USA in your Facebook search bar.

And make sure to like our company’s page. Send us a message while you’re there and I’ll send you a personal hello and make sure you are on our weekly property scouting emails where you can view weekly deals right in your inbox. Until then, thanks so much for joining us on Replace Your Income and just remember income replacement for you and your family may only be one property away.

See you next week.