Podcasts about master passive income

As a property manager, you know the value you provide to real estate investors. You offer peace of mind, safety and certainty, and expertise. What if every investor found a property manager to partner with before even contacting a realtor? On today's episode of the #DoorGrowShow, property management growth expert Jason Hull sits down with real estate investing author and coach Dustin Heiner to talk about building wealth through real estate investing and the role of property managers. You'll Learn [06:06] Dustin's Journey to Financial Independence [17:48] The Importance of Property Management in Real Investing [30:04] The Importance of Finding Clients You Want to Work With [41:42] Investing as A Property Management Business Owner Quotables “If you try to serve people, then your life is going to get better.” “If you don't have your business that could run itself, then you're going to be losing money.” “Your property manager is absolutely your quarterback.” Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub DoorGrowLive Transcript Dustin Heiner (00:00) this is the number one thing that I teach all my students, the first thing they always say, Hey Dustin, I found a great city to invest in. I've already got five realtors sending me deals. said, Whoa, Whoa, Whoa, Whoa. Let's say you bought one of those properties. Who's going to manage that? And they said, I don't know. I said come on. Like you, you're putting the cart way before the horse realtors are the last thing because you need to make sure that the   business is going to run perpetually without you. Cause the last thing you want is another job.   Jason Hull (00:26) All right, we are live. I am Jason Hull, the founder and CEO of DoorGrow, and we have the world's leading and most comprehensive coaching and consulting firm for long-term residential property management entrepreneurs. For over a decade and a half, we have brought innovative strategies and optimization to the property management industry. At DoorGrow, we have spoken to thousands of property management business owners, coached, consulted,   cleaned up hundreds of businesses, helping them add doors, improve pricing, increase profit, simplify operations, and build and replace teams. We are like bar rescue for property managers. In fact, we have cleaned up and rebranded over 300 businesses, and we run the leading property management mastermind with more video testimonials and reviews than any other coach or consultant in the industry. At DoorGrow we believe that good property managers can change the world and that property management is the ultimate   high trust gateway to real estate deals, relationships, and residual income. At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. Now, let's get into the show. I'm hanging out today with Dustin Heiner who is successfully unemployed, according to his shirt.   it for those that can't see this later. So Dustin, welcome to the DoorGrow show.   Dustin Heiner (01:53) Jason, thank you so much for having me on the show. just love, I love property managers. I'm a real estate investor, bought property since 2006. Just, I don't know, I've got 30 plus properties, 750 apartment unit complexes and hotels I invest in. And I love not doing any work because my property managers are amazing. it takes a lot of time finding the right property managers, but in the end they make my life easier and I love paying them. They're only one of two people I love to pay, my accountant   and my property managers, because they make my life easier. I love that you have this show. I'm super pumped to be on, so thank you so much for having me.   Jason Hull (02:31) Awesome. I love the positivity because a lot of my clients get a lot of... How do we say it? Shit. Really. And you know, they feel unappreciated in a lot of... So I know there's a lot of listening. They're like, man, I want investors like this guy. But yeah, I love that you love paying property managers. I think I've said on one of my TikToks or reels, I said, the biggest mistake landlords make...   with rental properties is not hiring a property manager. And during this process.   Dustin Heiner (03:01) I don't want to deal   with tenants personally. I invested so that my property would work for me and I did not want to handle talking to tenants. In fact, I did at the beginning, I started talking to tenants, but I found out I'm a pushover because it's my property and I'm trying to be nice and everything like that. And it's so much better when there's a middle man that's going to be there. I tell my property managers, use me as the bad guy. Like say, this landlord, he's a jerk, but this is what we got to do.   I want to help them to make it easier on them, but in the end they make my life easier. yeah, I absolutely love that. Well, one thing you and I both know, property managers should be investing themselves too. They should be grabbing properties. if you know of a, if you're a property manager, you will eventually know somebody, an investor, who's going to be selling a house. Well, shoot. Instead of like, oh, point this over to investor, which I get lots of property managers sending me deals, say, hey, this guy's looking to sell. I'm like, great, and I'll buy it.   how much better would be if you guys bought   Jason Hull (04:00) Yeah, absolutely. I mean if you're a property manager you should really understand and know real estate investing like you're you're basically the advisor for your clients to do this and You have a pulse You know an understanding of the market that nobody else has and so leaning on a good property manager It can also be they could be an invaluable resource   of knowledge. if you before you get into a property one of the smartest things you could do is go ask the property managers is this a good investment or is this a good area or is this like is this a good idea and they're like no you should not have a short-term rental property out in the middle of the desert that nobody wants to go to like it's not you're not gonna cash flow but the you know the guru I'd listen to said I could you know yeah don't do that   Dustin Heiner (04:47) I've got, yeah, no, and you're 100 % right. So I personally, I've coached thousands of people to buy properties and I like buy and hold. Like it could be long-term, short-term, medium-term, even co-living, but we're gonna buy and hold these properties. Like we've got five kids. So I'll give these properties to my kids. I started investing back in 2006, just kept buying property after property. And then I realized when you get cashflow, when you get money coming in every single month from every single property, then you get financial independence and everything else on top of that is just gravy.   Jason Hull (04:47) Okay.   Dustin Heiner (05:15) And I consider my property manager, my quarterback of my team, like the football football team, they're going to make me money. They're going to protect me. They're going to make sure that everything is going right there. They're the, they're the quarterback of my team. And so when I find a good property manager, I hold onto them. In fact, I love find, well, here's what I do also. So in finding a good property manager, I do interviewing. I don't just grab first person because I personally feel like it's best to, you know, not everybody can work with everybody meaning   Somebody might not work well with me. I might have a bad personality of them. They're like, I don't like this guy. He's too hyper. He's got too much energy. Or they might say, hey, this is a great person to work with. And so what I love to do is when I grab a property manager and I just keep buying properties and keep giving it to the property manager, they keep doing well. But I mean, honestly, in the end, I wanted financial freedom and I knew that as I bought real estate over time, the value goes up. But the biggest thing is I invest for cash flow so that   Jason Hull (05:48) Bye.   Dustin Heiner (06:10) Money comes in every single month and give you case in point, your property managers are sending money. Like if you're a property manager, you're sending money to your investors, which is great because you're, making money, but you're also making them money. But at the same time, imagine that money coming into your pocket.   Jason Hull (06:27) Okay, I love this. think the clients listen to this or even property managers just listen to this and be like, I should probably send this out to all my clients so they should they can listen to this because this guy knows something and I want all my clients to see us in this light. This is a great light to see us in. So let's let's go back because we skipped qualifying you. Let tell us about yourself. Qualify yourself. Why should investors that   that these property managers send this podcast episode to and say, listen to this guy Dustin, you should be, you want to be like Dustin. Why should investors be listening to you?   Dustin Heiner (07:00) Absolutely, totally.   you know what, I'm even gonna tell you a quick story of what really shoved me into real estate investing. I started investing back in 2006, but I was not born with money. In fact, I was born into a very poor family, and I did what everybody is taught. We're taught this same exact path. You go to school, you get good grades. You take those good grades, and you go to college or university and get thousands and thousands of dollars into debt.   and then you get a piece of paper or a degree, that's what it's called, and you take that degree and you shop around and you try to find a job, a quote unquote career from someplace. And so I'm doing that exact same thing. In fact, Jason, I get the most stable, secure job you can ever think of. I got a job in the local county government in California doing IT. So California is not going away, government's not going away, and IT is definitely not going away, because I'm just like risk averse. Well, at the same time, I bought one rental property.   And that one rental property, I remember that check I got from the property manager. It was $317. Like, this is great. I need to buy more and more properties. But you know what happens? Life started getting in the way. My wife and I started having kids, after kid. Eventually, and this is what really got me to make sure I started investing. So I stopped because life got in the way, buying properties. But my wife and I started having kids. And when my wife had our fourth child, I went on paternity leave. That's where the dad stays home with the mom, changes poopy diapers, all that good stuff.   Well, after two weeks, I go back to work and on a Friday at 3.30 in the afternoon, I get a call from my boss's boss's boss's secretary, like the top dog. she says, Dustin, would you please come in the office? I said, sure. And I paused for a second. I hung up the phone. thought, why in the world are they calling me in the office? Like, this isn't normal. It's not normal. And I've also seen plenty of movies Friday at 3.30 is not a good sign. And I remembered a little bit before, right before I went on paternity leave.   Jason Hull (08:48) now.   Dustin Heiner (08:51) There was some rumors or some rumbly going on in the county that there could potentially be layoffs. And he really shook it off. said, there's no way I've got great seniority here. My boss is thinking of doing a great job. So I get up and I walked down the hallway to my boss's office. Now this hallway isn't very long. In fact, it's kind of short, but every single step that it took, felt like the hallway got longer and longer and longer. And it felt like my feet became lead bricks because as I was walking, I started thinking I could potentially get laid off while I get down the hallway.   Jason Hull (09:01) Amen.   huh.   Dustin Heiner (09:20) I turn the corner and I see my boss's door. His door is closed and I see his secretary there, super sweet, nice old lady. She says, Dustin, would you please have a seat? And I go and I take my seat and she's kind of sheepishly grinning at me, trying to console me with her eyes, because she knows everything about what's going on. I know nothing about what's going on. So I take my seat and I started thinking about my life. This entire plan that other people told me, I started thinking, if I lose my job, did I just waste my life doing this? And my goodness, we just had our fourth child.   Jason Hull (09:38) man.   Dustin Heiner (09:50) If I can't provide for our kids, does that make me a failure as a father? Does that make me a failure as a husband, as a man trying to provide for his family? Well, as I'm sitting there, my hands get all clammy, my forehead gets all sweaty because the nerves are just crushing me. Well, the door to my boss's office opens up and out walks a coworker of mine with a piece of paper in her hands. She is noticeably distraught, very upset. She's not necessarily crying, but you could tell her world has been rocked. She passes by me and my boss says, Dustin, would you please come in the office?   Jason Hull (09:54) Hmm.   Dustin Heiner (10:19) So I get up and I go into his office and I get laid off. And this is the government. Nobody gets fired or laid off from the government, but I did. And this is the reason why I tell the story. So I take that layoff notice and I go back to my desk and I realized two things sitting there at my desk, just getting laid off. Number one, I need to get another job to be able to provide for my family. So really blessed, praise the Lord to find another job in the same county, another department wasn't having those issues. Second thing I realized, I need to make sure this never.   Jason Hull (10:24) Hmm.   Dustin Heiner (10:48) ever happens to me again. I didn't make sure that nobody can take away my ability to feed my family. So right then and there, I said, I am an investor. It may so happen that 100 % of my money came from my job. That's now my part-time job. I'm a full-time investor. So quickly fast forward the story. Started buying property after property after property, each one making me 250, 350, $550 a month. I still own all of them. And now fast forward, I go to my new boss after 30 plus properties. say, Hey boss,   Jason Hull (10:57) No.   Dustin Heiner (11:17) I'm laying you off. laugh and it says Dustin, what are you gonna do? I said, I don't have to do anything. I own real estate that makes me money without even working. So last quick part of the story. Remember that short hallway that got longer and longer and longer? Well, I would walk to and from my car to my job a mile and a half every day. I was too frugal to pay for parking. Well, this last walk, I felt like I was walking on clouds because I knew I would never need a job again because I had money coming in from my property. So for you listening,   I want you to realize if you have your own business, if you're working for somebody else, if you have real estate that makes you money without even working grows over time. In fact, every 15 years, real estate doubles in value. mean, that alone is just should blow your mind. And then the cash flow that it makes. So in the end, what I suggest is if you make your own value coming from what you put into your own investments, IE rental properties, you're actually going to have   a floor of income. Now, just same thing with a property manager. You get your landlords and let's say you have 100 units. Well, you have a floor of income because that's normal income that comes in. Same thing with real estate investing. Let's say, God forbid, all those landlords to say this is not working out, we're moving. Well, you have your properties that has a floor of income coming in for you and then it takes so much stress off of you. So I'll pause the story because you've probably got plenty of questions, Jason.   Jason Hull (12:43) I love it. what a journey. there's always something that of thrusts us into a new state or even into entrepreneurism. I was suddenly a single dad trying to figure out how do I have time to spend with my kids when I'm stuck at a job at HP because I was in IT.   I'm like, I haven't even earned a week off yet. And I'm gonna get them for a week to spend time with them? How's that gonna work? How do I get to be dad? so, yeah, so sometimes I joke my kids are what made me finally leap to become an entrepreneur. so.   I love this idea of real estate allowing you to fire your boss or fire yourself from the job. Explain to people now what you do and your programs and all the stuff that you've built since, because you've done a lot of big things. I want people to make sure they understand Dustin's a badass and he knows a few things.   Dustin Heiner (13:36) Yeah.   Thanks, man. Well, here's what really   happened. So as I was quitting my job 2014 2015 inch I was 37 years old and I had so many people asking me how I was not working for somebody else and still making money if I feed my family I told them I invest in real estate and they would always ask the second question. Well, can you show me and so I just started showing friends and family members how to do it and then I realized two things number one was fun and number two I had plenty of free time because when you're not working for somebody else   When you're not having like, if you're a property manager, you have many bosses. Let's say you have 10 different landlords, working with 10 different bosses. That's really what it comes down to. And if you don't have any bosses bossing you around, you have 40 plus or more hours of your life back to do whatever you want. And so I just started helping people. So fast forward, I started a podcast, the master passive income podcast, you were on it. And that podcast in 2015, over 2 million downloads now with me just coaching. It's usually a solo show, like literally a solo show where I don't even   It's just me teaching how to do this, but over 2 million downloads because I just want to give this out. Then wrote three, no, four books, coach thousands of people. Now even have a live event, bring in hundreds of real estate investors together, but all for a goal. Here's the main goal. It's to help 1 million people to invest in real estate. And the big reason why I decided to have this goal was because the more people that I serve in my life, the more money they make and the more money I make in the end.   And so now everything from coaching thousands of people to having live events where we're just coaching even more and helping even more to books and podcasts, YouTube, you name it, like social media, Instagram, I'm over a hundred, 200,000, almost 200,000 followers on it now, just giving. And here's the big thing, a takeaway that I would love to share with everybody listening. For you listening, you need to realize if you serve and if you try to serve people, then your life is going to get better. The more people that I serve,   My goodness, I make so much more money, but the great thing is it's not a win-lose. It's not like somebody loses in order for me to win. No, it should be a win-win-win. And so now everything I do at Master Passive Income, to the free courses, to the paid coaching, all that sort of stuff, it's to help people to invest in real estate to get 40 plus hours of their life back and become successfully unemployed.   Jason Hull (15:59) It's amazing. And that's just really, really awesome. You're doing big things. You're doing big things. And you're not the typical property management client. How many different property managers do you have? Because your portfolio is spread out now, or is it all in your network? Five different states.   Dustin Heiner (16:14) Five different states? Yeah, correct. Five different states.   I think we have five main property managers. ⁓ Yeah, five main property managers that I work with.   Jason Hull (16:20) Yeah.   And how many units in total do you?   Dustin Heiner (16:26) So   single family home, like I might say single family, four units and below. So I would consider anything four units and below be residential. We have 33, 32, 30 plus single family homes, short term, midterm and even long term. Then we have two large apartment complexes, one's near Nashville, 350 units and other one's in Chattanooga, Tennessee, 325 units. And so we have great property managers for those properties. Then also,   I've invested in some hotels and so we have the, you know, the management company for that. But, what I found, and this is the number one thing that I teach all my students, all my students, lots of them, because here's what the first thing they always say, Hey Dustin, I found a great city to invest in. I've already got five realtors sending me deals. said, Whoa, Whoa, Whoa, Whoa. Let's say you bought one of those properties. Who's going to manage that? And they said, I don't know. I said come on. Like you, you're putting the cart way before the horse realtors are the last thing because you need to make sure that the   business is going to run perpetually without you. Cause the last thing you want is another job. In fact, this is the one big thing that I see when a mom and pop investor, somebody buys one property and then they buy a second or third, maybe they get to five, six, maybe seven or eight and they're managing it themselves and they cannot scale. And I know your audience, everybody knows about scaling cause you want to scale your business, the property management business. Well, you can't scale if you're the only person doing all this sort of stuff. And so,   Here's another question I get that people, other investors or even my students say, Dustin, how do you afford a property manager in your properties? I say, I don't afford a property manager. Like I don't pay my taxes on any of my properties. I don't pay my insurance. I don't pay for my property manager. I don't pay for repairs. Meaning I don't have to get a job to pay for any of that. My tenants pay that in the form of rents. And then I make sure I do not buy a property.   unless all of those expenses are accounted for even repairs, vacancy factor, and especially property manager. And that's the thing that most people don't do is realize, let's account for all those expenses, but then utilizing your property manager well enough. Here's the big question. And so all your audience is property managers. So they're going to, they probably rarely get this question, but here's my favorite question that I ever asked property managers. One of the first ones that said, if you would invest your money in this city now,   Jason Hull (18:37) Mmm.   Dustin Heiner (18:48) What area would it be? What zip code, where would it be? That is gold. I've asked actually the opposite question. Where should I not invest that city? And property managers say, I probably shouldn't answer that because discrimination and all that sort of stuff. so the question is better. Where would you invest your money? And then, yeah, you're gonna understand the entire market because the property manager, but you also Jason, we're awesome. The question is,   Jason Hull (18:51) Mm-hmm.   Yeah, wherever you...   Dustin Heiner (19:12) Would you manage this property not after you bought the property, but before you buy the property? That's a big thing. Cause a lot of people buy a house because they listen to tick-tock gurus and they just bought a house and they, Oh yeah, it should work out. Well, if you don't have any of the manage it, it's no longer an asset. It's a liability. So how much better is you ask the property manager beforehand, especially if you are investing, you're seeing, or sorry, if you're a property manager, you're seeing where the best properties are, where the best clients are, the best tenants, all that sort of stuff.   Jason Hull (19:19) Yeah.   Yeah, sometimes 100, 1000 times over. Like they have a lot of anecdotal data, right? And data data. So the bad path then is you kind of mentioned is to go to a realtor first, get a property, and then maybe go find a property manager. That's a really bad path. And that's kind of the default path that a lot of people would go down. And they're just headed towards a potential train wreck. Odds are   that the realtors incentive is not to just get you into the best investment solution. You get the most money on a deal and then you're going to you're picking this property and you have no idea if it's going to work out and then you might not even realize you need a property manager and you're saying start with the property manager. Ask them the area.   Dustin Heiner (20:16) No, it's to sell a property. That's all it is.   Absolutely.   Jason Hull (20:34) get their advice and clarity and find the property manager that you would want to be able to manage this. Like find a good property manager first and then make some good decisions. make some, let them help you make some good decisions.   Dustin Heiner (20:48) Well,   how I would explain it is I'm going to find the experts and it could be also definitely property management, but think of also inspectors, mortgage brokers, contractors, plumbers, handymen, insurance agents. I'm not the expert. In fact, like I said, I've coached thousands of people now to invest in real estate successfully. And sometimes they'll ask me, hey, Dustin, you invest in this city.   You're the expert. Tell me like, where should I? Tell me all this stuff. said, Whoa, I'm not the expert at all. In fact, I don't want to, I might know a little bit, but I don't want to be the expert. I hire experts. I hire them. So if you're a property manager, what you need to be thinking is, well, number one, you are the expert in that area because you're currently investing your time in your business to build up for landlords to utilize you. Well, that's number one, but who else would you actually want to start working with?   Now, personally, what I find is the property manager. so if you're not a property manager, if you're an investor listening to this, your property manager is absolutely your quarterback. I treat them as best as I can. Like I treat them so well because they take care of me and they want to take care of me. If I'm a jerk, if I'm like, you know, withholding, withholding money or like, we don't need those repairs. And they're trying to do their job and I'm holding them back from it. They're not.   excited about working with me. And so what I want is as best I can, my property manager to look favorable on me so they could take care of my property so I can have all my life back to play with my kids.   Jason Hull (22:15) Yeah, I mean this very much goes along with like Benjamin Hardy and Dan Sullivan's idea of who not how. Like finding the right who instead of going around and trying to just find the what like a property. Go find the who that can help you figure out how to do this instead of trying to figure out how to do everything on your own. Which is the slowest path to growth. Period. You know, is to do everything on your own.   Dustin Heiner (22:39) Well, you can't scale that way.   Yeah, you can't scale. If it's all about yourself, you can't scale. can't get like all my 30 plus properties. I love saying this. So a lot of people have heard of the book, the four hour work week. Good book and all. Basically, the premise is make your life so that you only have to work four hours a week. Well, honestly, I think working four hours a week is for suckers. I don't want to work four hours a week. I don't even want to work four hours a month. I maybe work 30 minutes a month on all of my properties because they get the property management statements.   I verify everything that's good, but I'll say this also. My daughter who's 16 years old, because I've coached a thousand people now, I coached her, she's my oldest and all my other kids are going to do it. She bought her first property four months ago and I coached her. She now does all the bookkeeping, all the, basically instead of me doing the work, 30 minutes, I pay her to do it and she oversees her property as well. And it is so much better when you have the experts first. One quick last thing, because you mentioned a really key, most people, and I did this too.   Jason Hull (23:32) if   Dustin Heiner (23:36) I wouldn't write to how do we find properties? In fact, my most downloaded podcasts are because on Master Passive Income, have lots of like how to find properties, how to fund properties, how to find property management. Like literally, it's just coaching. And the most downloaded are how to find and how to fund. Those are by far because people think those are the that's number one things that they don't have, but they believe that they need, which is not necessarily the case. Same thing on my YouTube channel. The most downloaded videos I have one.   That's like think like 16 different ways to get creative financing. If you don't have money yourself, how to buy properties with creative financing. I'm the most downloaded, but that's here's here's what I definitely got to say this. If you don't have your business that could run itself, because I always talk about building your business first. If you don't have your business that could run itself, then you're going to be losing money. And they give you a quick example what that looks like. I buy a property that's going to be making me money every single month and I don't buy it unless all expenses.   Jason Hull (24:11) Yeah.   Dustin Heiner (24:34) property manager included, vacancy factor, repairs, all included. And I add on my profit. If I want to make $400 a month, I don't buy a house unless the price is low enough, interest rates right, all the expenses are right to where I'm making that profit every single month on that property. And then obviously rents go up. But here's what it's like if you do not build a business, you do not get the right people in place. Imagine a convenience store. You're to start a convenience store, know, candy bars and soda machines and all that sort of stuff. Well, you will not sign a lease on a location.   open the doors and set a box of candy bars in on the ground. You wouldn't do that. You go out of business in two seconds. But what you would do is you would get, you'd build the business first. You get the gondolas, the shelving units, and all the candy bars go on the countertops, cold storage, bank accounts, cash registers, insurance, managers, everything in the business before you buy any inventory. Same thing with real estate investing. You build the entire business, get everybody the right people in the business, and then every property that I own,   is a piece of inventory that I put into my business. When you start realizing that even though you're an investor, you are a business owner that has inventory. Because I remember in 2006 when I first started investing, 2008 happened. 2008 happened and the crash happened. I knew so many real estate investors went bankrupt. fact, still talk, if anybody was investing back then, most likely you ask them, how did you do in 2008? I went bankrupt.   Jason Hull (25:44) Thanks.   out   Dustin Heiner (25:57) Honestly, that's literally, that's conversation happen all the time. But for me, I made more money. I was blown away. In fact, I was worried because I was just new to this. And because I was solely investing for cashflow. Now appreciation will come. That's great. But I'm going to give these properties to my kids. But I was solely investing for cashflow, $500 a month, $600 a month. And because of that, sadly, people, they had to get foreclosure because of the economy and all that sort of stuff.   but what did to the pool of renters, the pool went up. So there's more demand, supply's the same. In fact, I just buy properties and there's more renters. So my rents went up. I made more money in the crash when everybody else was going bankrupt because I was solely investing for cashflow. One quick, let me say one more thing, because I definitely want you to jump in. One more quick thing. Imagine that candy bar that you would buy to sell. If you had a candy bar business,   If you can buy it for 50 cents and sell it for a dollar and you knew all day every day, you can buy it for 50 cents, sell it for a dollar. You think, how can I get more money? Well, you'll make money. But let's say this is a great thing about real estate investing. Let's say you didn't even have 50 cents. It took you 25 cents to borrow 50. Well, you're out of pocket 75 cents. You still sell it for a dollar and you make 25 cents every single time. You would do that deal every day and you would think, how can I get more money? You'd borrow it. But here's one thing you would not do. Same thing with real estate investing.   You would not buy a candy bar for $2 if you could only sell it for a dollar. You do not do business to lose money. So I'll pause it because you could probably have plenty of questions, but we want to build a business and make money.   Jason Hull (27:26) Perfect.   No, love your analogies. I love that you're equating it to like even just buying and selling candy bars, which maybe some of us did in elementary school as a side hustle, or our kids do sometimes. My daughter makes little rubber bands, like little bracelets with different colors, and she goes and sells them. And the materials cost very little. And then she's like building these bracelets and ask them what colors they want. And then she's selling them at a market. She's like, I made like 20 bucks, you know.   Dustin Heiner (27:48) yeah.   Jason Hull (28:00) Yeah, so, you know, we've done this as kids, but when you equate it to something so simple, because we look at raw real estate and the complexity and all the numbers and we're like, this might make sense in the long run with some depreciation and then like, yeah, and you're like, let's keep this really simple. Let's like equate it to a candy bar.   Dustin Heiner (28:21) Because all that will come   like appreciation, depreciation, tax benefits, market appreciation over time, forced appreciation. Like when you buy a house, you fix it up, you guys know it'll make more money or it'll be worth more. All that will come, but income does not always come. So if you buy for income every single month from your property, could be long term, midterm, know, 30, 69 days, short term, or even co-living. If you buy for that, you will always get wealth.   If you buy, I'm hoping it'll go up in value. Like I hope this candy bar, I'll buy it for $2. Hopefully from a dollar now it'll be a $3. If you hope you're going to be stuck holding the bag and it's going to hurt. And so what you want to do is you want to make sure that you are investing for income. Cause when you invest for income, everything else will always come. But if you invest for just appreciation, you will not necessarily get income. You won't necessarily get all the benefits of everything that comes with real estate.   Jason Hull (29:17) Yeah, the other thing is the property managers often are one of the first to know if an existing client or owner wants to sell that property off. So they're great people to know if you want access to off market deals. I'm sure the property managers you have would love to get all of their clients to sell their properties and give them to you because you're easy. You're like their dream client because they'll have a one off like super emotional accidental investor that couldn't sell the property that's like.   driving them nuts and like they want it to be a perfect time capsule for a year because grandma planted the flower bed and like Timmy has his height in the door frame and like they want it to be perfect so they can sell it a year later and they're like, and it's like 10 times to 100 times harder to deal with operationally for them. The operational costs are really extreme. It doesn't sound like you're calling your property managers all the time.   Dustin Heiner (29:53) Ha ha!   Let me just say this. I don't want to talk to my property managers like month after month after month. I don't want, I just want the money. And as long as everything's going well, which is here's another thing. So if you're an investor, you want to make sure that your property managers understand your systems and procedures and processes. Like I have different property managers. They all treat all their landlords, everybody differently. But I say, when you're working with my properties, here's exactly how I want you to do it. And it's very simple things like   Jason Hull (30:13) Fuck it.   Dustin Heiner (30:37) Hey, rent's due on the first, late after the third, then you put a three day notice on the door if they don't need to get a late fee. And then once that three day notice is up, you start the eviction process. Like that's clockwork. It's most non-discriminate, yes.   Jason Hull (30:47) And this is pretty typical.   This is pretty typical, like decent property managers are already doing this anyway. Like this is really standard stuff.   Dustin Heiner (30:55) They should be. But I don't want to talk to the property manager. They're great people. I don't hire them unless   I like them. But at the same time, leave me alone so I can play with my kids. I could go to golf. could go to, I'm going to South Africa tomorrow for an investor trip. You know, I just want to live my life. Property manager, you take care of it. And if they are doing what I honestly like, I, they don't do well, meaning if they, if there's, it's not getting rented or there's that's a month after month where we're not getting,   rents paid, if things like that, then I'm like, I gotta find somebody else. Cause I don't want to have to think about it. If I have to think about the property, then why do I need you?   Jason Hull (31:29) Yeah, this is a challenge. They're property managers listening right now. Pay attention to this. Because a lot of property management business owners that come to us, they're not setting healthy boundaries with their clients. Because their clients don't know what they need. And so a lot of times the clients will artificially create a worse property manager. Because they're like, I need like this and I need that. I want, how's the renting process going? And did you talk to some people? Did you show it? And like what they think.   and they want to be so involved in the whole process, they're trying to micromanage the manager. And the manager's way better at this than them. By their own admission, they suck at this stuff, and they don't like it. But then they're trying to micromanage the manager, and bad property managers let them do it. Like the worst property managers usually have the highest operational costs in their business because they give every tenant and every owner a blank check for their time.   call me anytime and they phone system stuff so you can call them anytime and ask any question and they don't have a good system and so then they're wondering why they have, I had a client company once with 600 units under management in their business and they were making zero dollars. Property management can easily be death by a thousand cuts. I have seen inside thousands of property management companies and there are a lot that are making very little money.   And then like my wife Sarah, she had a property management business with 260 units. She was pulling in 90, 60 to 90 % profit margin. It took her, it was a part-time job for her really. And she moved to Austin with me and she managed these remotely. And these were C-class properties in Pennsylvania. We're talking $1,000 rent or less. This is like ghetto, like difficult tenants, difficult situations. And she had such strong boundaries.   and such good relationships with their owners in setting those boundaries that if they got needy or whatever, she would tell them that she was gonna fire them. And they were desperate to keep her because most property managers suck because of some of these reasons. And so she set really strong boundaries. And so her business was easy. She eventually installed one part-time person boots on the ground to help her open up property, show property, whatever, because she couldn't be there to do that and to pick up the mail.   and she had 60 to 90 % profit margin. It's like ridiculous. And so this is one of the trainings we have in our platform that we coach clients on, but property management could be death by a thousand cuts very easily. so it's just as important as it is for you to find a good manager to partner with, for them to find good clients to partner with and to be picky about their clients.   or to at least set better boundaries and expectations with their clients to help them be more like you.   Dustin Heiner (34:16) Absolutely. And it has to be a beneficial event where you guys are working together, a relationship. And like I said in the very beginning, I try to serve as many people as possible. The more people I serve in this life, the better my life gets, better their life gets. And as long as it's a win-win, in fact, one of my property managers, I paid him 12 % of the rent. the rent used to be, yeah, like when I, so this is when I first started investing in, it was in Ohio in 2006.   prices of rent were like 500 bucks. from 10, 10 % to 12%, it was like, you know, five bucks. And I was like, yes, go ahead. Now these are renting for a thousand dollars, but it's a hard area. It's like D plus C minus. I mean, it's a really rough area. In fact, I don't suggest any of my students invest there anymore because it's really, really rough. It's hard to find, like this property manager, I found them diamond in the rough, they worked with them for 10 years and then he retired and his daughter took over. So she's doing great too, but   All that to say, what you need to do is as you're hiring, finding the right property manager. So if you're an investor and you were trying to find a right property manager, you really need to make sure that you're paying them accordingly. That's going to be like, like I said, 10 % to 12%. Exactly. Exactly. Like they're going to make my life easier. What I need to do as an investor, if I need to pay more for a property manager, I need to buy the property for less.   Jason Hull (35:26) Yeah, don't try to cheat out on them. Yeah.   Dustin Heiner (35:38) I don't buy the property unless it pays for that good property manager. If I have to pay 15 % for good property manager, I don't buy the house unless I can afford that 15%. And in the end, my property manager in that one specific area, that's like C or D, D plus to C minus, I don't talk to her because she's so fantastic and she just doesn't bother me. I just let her run with it she does such a great job. And so it's such a great beneficial environment.   Jason Hull (36:03) Yeah, love it. I'm biased, but obviously, but I believe DoorGrow creates the best property managers because we help them figure some of these really simple things that they need to get down in. Sometimes they can't even see. Like one of the things we've been rolling out with clients is a three tier hybrid model because different investors have different strategies. There's really three psychological profiles of buyers that are taught in pricing psychology and those are the cheapos, the normals, and the premiums.   And so you need a pricing model that is a better fit for them. And the cheapos usually are really hyper concerned about price. They're not really focused on the long term as much. They're short-sighted. And so they're looking at what's the lowest fee I could get and they're like, cheaping out and they're making some big mistakes in the long run.   Dustin Heiner (36:46) Let me add, let   me add one thing with the cheapos. The cheapos will be the worst clientele. They will be the most problematic. It's just how life is. In fact, I'll give you.   Jason Hull (36:53) Next.   Operational cost   is the highest with the cheapos and so So one of the things that we coach our clients on is to make sure that they have these pricing models that balance between The a la carte of a cheapo and like you're gonna pay for everything extra so that they because then you're they're trying to gamble against the house Property managers the house and the property management should be winning right but a lot of times what property managers mistakenly do   Dustin Heiner (37:00) Absolutely.   Jason Hull (37:25) is they subsidize all of their lowest rent properties and their worst owners with their highest rent properties and their best owners. And they have properties in their portfolio they're actually losing money on. And sometimes they don't even realize this because they're not assessing them individually. We're like, yeah, you should fire those. Like you should just let them go or raise the price. It seems that is so obvious, but.   Dustin Heiner (37:45) especially if you're losing money on it.   Jason Hull (37:50) A lot of property managers have an entire section of their portfolio that's like 80, it's like the 80-20 rule. It's 80 % of their stress and their work and their challenges and it's like 20 % of their profits.   Dustin Heiner (38:02) And so here's a fun thing, like a thought, as you were saying, this had gotten to mind if and when somebody is pulling their hair out, an investor pulling their hat over a property or multiple properties, they just, they're just going to sell and because they're not good at investing. In fact, that's what I love to do is I coach people how to be good investors, how to make sure we're buying it right, how we're finding the right people, all that sort of stuff. Well, what's great is let's say they, you're, you fire them as clients, you fire them.   And they're like, I pull my hair out. I'm just going to sell. then eventually a good landlord will buy it. Good investor will buy it and they'll start working with you. So you start cutting out the 80 % that is just wasting your time and money and keep going after the 20 % that are making the money, making your life easier. That's just going to help everybody. Like it's just going to keep rising because in the end, the bad landlords there, they should just not be owning property.   Jason Hull (38:55) Yeah, I've had some interesting guests on our show recently and one of them runs a company. Basically, he explained to me that investors outside of the US love the US for real estate investing because he said almost nowhere else in the world can you get a 30 year fixed rate mortgage that allows you to do a payment that's low enough you could cash flow on it and just start making money right away, month after month.   And so they want to be able to get access to this. And so they help them set this up quickly. Get an EIN in a week and like get everything set up. Because it's complicated for them to figure that out. There's another company. I had a gentleman named Lioran. Really cool guy. Originally from Israel. He's here in the US, investor. And he created a company called Blanket. There's this really amazing platform for property managers that they can white label and that they use that allows them   It's like kind of like a property retention platform. So it allows them to put their clients portfolios into it, get a ton of extra data on their portfolios, and then they can, if they decide they want to sell this property, allows all the other investors in the entire blanket network to be able to get this and they get to keep managing that property without having to give it up. So property managers can have the properties   turn over and go to different owners and different investors, but they still retain them as that property is in their portfolio to manage. And so there's just, there's some really amazing things out there now for property managers. There's amazing tools, systems. We've got a lot of clients getting AI maintenance coordination using some really cool AI maintenance coordination tools that's allowing, cause getting a maintenance coordinator in a property management business, hard.   Ideally, it's like they're a veteran of doing maintenance of like 20 years and they don't want to run their own maintenance company and they want to come help you figure out what needs to be done. But there's an AI maintenance coordinator company that has been programmed by a guy who managed 30,000 units coordinating maintenance, all the way from small all the way up to that.   a long lengthy amount of experience and the system has programmed into it probably by now over a half a million work orders. Like and so it knows how to handle this better than probably anybody that you could hire and once you tell it you still have to train it you have to teach it but once you tell it how to handle things it can do it. And it's now doing phone calls it's like doing emails it's doing text like it's the craziest thing ever. And so there's this this there's this weird sort of   AI revolution happening right now and the smartest property managers are already adopting some of these tools because it allows them to scale their operations effectively. Eventually it'll be so commonplace everybody's like yeah we're all using this stuff and we can all like it's cheap enough or whatever and who knows maybe we'll all be out of jobs including property managers who knows but right now there's a good opportunity that if property managers are on the bleeding edge of what's working   you get as an investor a better property manager. And if.   Dustin Heiner (41:53) Well, for me,   there are plenty of software out there. Turbo Tenants One, Avails and other, apartments.com, those are fine, but I don't wanna even do any of that stuff personally. Yeah, as an investor, I don't wanna deal with that stuff. I wanna hire a person. And honestly, I don't think that AI, even though there's great tools as a property manager to help your business better, I don't wanna have AI run my business because I want an actual person   Jason Hull (42:05) this part of the night.   Yes.   Dustin Heiner (42:23) that it's   going to make sure like they have the emotions and feelings that they know, okay, there's something here, there's something there. And I just know personally, and this is why I teach all my students is, hey, these software are great if you're gonna manage yourself, but you can't scale if you're managing yourself. What we need is to hire the right people. It's all about, like you said earlier, there's a book, it's who, not how. We don't want to figure out the how, we want to get the right people in place. And one last quick thing that I said this a little bit earlier,   But people always ask, well, Dustin, how do you afford this, that, or the other? And the way I don't afford it, I make sure I don't buy a property unless all those expenses are accounted for, like the property manager to taxes, insurance, and even my profit. I make sure that is in there before I buy the property.   Jason Hull (43:10) Yeah, we have a ROI calculator that some of our clients use that we built out that already has their fees built into it so that the investors can see what are the benefits of this. What are the tax benefits? How does the cash flow like all this? And then, yeah, and in that, if it's not going to math out, then you just change how much you're putting down, you know, or you're getting a different property, right? so, but the...   The property management fees, if you're smart, should already be built in.   Dustin Heiner (43:41) Absolutely, 100%. And on top of that, again, I have to say your profit. If you're just guessing how much profit you're making, in fact, I always like to be conservative in my expenses higher so I don't get surprised, oh man, I didn't have the, or, and, or my revenue or the income from the rents. I estimate it or be conservative on the lower end. So if I could rent it for 1300, I run my numbers maybe at 1250, maybe 1200.   just so I'm not gonna be like, man, I can't make any money out of this property. Because trust me, it's really easy to overlook something if you're not hiring experts. Like my property managers, they know, here's a good property manager. I'll say, hey, property manager, I'm looking to buy this property, know, number one happy street. Tell me about it. Will you rent it? How much will it rent for? What's the vacancy factor? Will you manage it? What's the clientele like? And the grit ones will say, you know what? I know that area. In fact, I have a property like one or two streets over.   We were trying to rent it for 1400 Zillow said 1400, but we couldn't rent it for that. We got 1300 for it. That's gold. That like, is so much better information for an investor. When a property manager is he knows he or she knows exactly what's going on in there on the ground. And that's going to make sure that you're doing everything right. So when you hire the experts, they're going to make sure you do it right. Because especially property managers, I would say realtors, we said that a little bit earlier. Realtors just want to sell, sell for the high smoke, but your property managers.   for the longevity of that property, they're taking care of it. They're constantly making sure that it's working for you. So always ask them before you buy the property.   Jason Hull (45:16) I love that. This is a great message Dustin. I really appreciate you coming on and sharing this. I'm pretty confident that our clients and property managers listening is gonna be like, man, like every investor should listen and do what Dustin says. This would make our lives so much easier. And it makes them feel so much more valuable as a property manager. So I appreciate you sharing a positive message to everybody here on the DoorGroves show.   Anything else that in imparting that you would like to say to property managers that might be listening?   Dustin Heiner (45:46) Yeah, so one thing that I mentioned a little bit earlier is having a floor of income that's outside of whatever your job or work, your business, having a floor of income coming in. And what I planned on was I asked my wife, how much money do I need to make every single month in order for me to quit my job? Like what's our expenses like? And I remember the number, plan is day $4,200, insurance, mortgage, food, like you name it, everything, all of our expenses. I thought, okay, to become financially independent,   Jason Hull (45:52) Yeah.   would probably be double   nowadays. Which would probably be double nowadays.   Dustin Heiner (46:14) What's that? Oh,   probably, probably. Yeah, definitely. And so I said, okay, this is just math. If I buy one property that made me $500 a month. Well, in one year, that's $6,000. 10 properties, that is $5,000 a month. Okay, I got 10 properties right there. Then it covers it. That's $60,000 a year in income. 20 properties, that is $10,000 a month. That's $120,000 a year. That's passive. That's cash flow. That's after expenses.   And I thought, my goodness, all I need to do is hit that certain number. And then once I do, I don't have to work anymore. But here's the great thing. I had 40 plus hours of my life back that now I only build businesses that affect me and my family, as opposed to working for somebody else or, you know, having 10 different bosses that are just pulling my hair out. Now, let's say you had properties that of your own and you had your own property management company, you can fire those.   Jason Hull (46:59) You   Dustin Heiner (47:10) landlords that are taking up so much your time. You're making five bucks a month. It's like, it's not even worth it. Fire them because you have a floor of income. You are able to move forward. So in the end, when you're investing in real estate, you're going to be able to have a floor of income, which is so much more amazing because you have so many more options. Options are what's going to help you to make sure you scale and level up in life.   Jason Hull (47:33) Love it. Yeah, I think it's it's there's few things investment wise that can have as big of a return as having a business. So property managers listening. Cool. Build your business up. Grow that. But if your primary goal is just to get more doors, that's to manage for other people that I think you're making a mistake like your primary goal should be since you know real estate investing and they say invest in what you know.   you should be stacking your own doors. You should be investing and putting that in just a much better store of income for the long term and it's gonna grow and it's also if you're making a cash flow, you've already got the systems, you've got everything. Like you would make way more money on those units. So you should be building up your own real estate portfolio. One of our clients, he fired most of his third party clients because he just focuses on using his property management business now as a honey pot or a fly trap.   people come to him and say, hey, I've got this rental property. He's like, cool, let me scare the crap out of you of the tax liability if you ever decide to sell it. And maybe you should just, you know, do seller financing with me without talking about seller financing. All right, and so he's just got all these properties. He's just stacking doors and he's making so much money, right? So if you're listening and he's in our program, come be in our program. You get to hang out with this guy and other really amazing people do amazing things. But if you're a property manager, build your business up.   Yes, but also build up your real estate portfolio because you're one of the best at this. You're an expert at this. And that puts you in a state of integrity anyway, like if you believe in this stuff. And then build up your portfolio of clients portfolio.   Dustin Heiner (49:10) Hey Jason,   would you mind if I gave everybody a real estate investing course completely for free just for listening to the show?   Jason Hull (49:16) I would not mind that at all.   Dustin Heiner (49:19) Awesome. I like I said, my goal is to help 1 million people to invest in real estate. want you to invest. So get my real estate investing course completely for free. If you text the word rental, R E N T A L rental to three, three, seven, seven, seven rental to three, three, seven, seven, seven. I'll literally give it to you for free. Or you can go to master passive income.com forward slash free course. All one word for it. Master passive income.com forward slash free course.   I'll show you how to find if you are investing your area, that's great, but let's say you want to go into another area. I love investing out of state five different states now that I'm investing in how to build a business everywhere, anywhere in the country, how to scale to become financially independent. You can also find me quickly. I'll just share that master passive income, the podcast. Like I just love giving out so much more coaching on the podcast. I've had people binge the entire 400 episodes now, Jason, binge all of them and like DM me on Instagram. They'll say Dustin.   just from listening to your podcast, I started investing in real estate. I'm like, yes, that's exactly why I have the show. So yeah, one quick last thing. If you want to DM me, The Dustin Heiner on Instagram. love chatting with people. I love helping people. And in the end, when we all invest in real estate, everybody wins because we have great properties that people need to rent. We make money, property managers make money. We have a floor of income coming in.   But in the end, my goal is to help a million people. it's just another way that I can serve. But honestly, in the end, everybody wins.   Jason Hull (50:51) I love it. So they can text rental to 33777. They can go to masterpassiveincome.com slash free course. And they can go to masterpassiveincome.com to check out your stuff. then the, the Dustin Heiner, H-E-I-N-E-R.   Dustin Heiner (51:14) Correct.   More than likely you'll find me. I'm probably the only the Dustin, like if you just type that in, but man, I've been working really hard at Instagram. find out I actually kind of like it. I do like it. I'm almost 200,000 followers now. I didn't buy any of them. Like literally just hard work, putting in just great content, helping people.   Jason Hull (51:29) Yeah,   you're crushing it, man. I'm at 8,000, so I've got to figure out how to 10x my goal to that. So I'm working on that too. very awesome.   Dustin Heiner (51:38) We could definitely chat some more.   I could show you at least some insights of what I've done, but no, it's been great. I would love if your entire audience, all your property managers realize, let's just, it could be as simple as once a year, you just keep one for yourself. You find one, you buy it, and just year after year, you get more and more properties. I think that's a minimum you should be doing one a year.   Jason Hull (51:42) All right, we'll keep going.   So how do we start matchmaking your best investors that get it with my best property managers that get it? This is something for us to think about maybe offline. I don't know.   Dustin Heiner (52:08) Mmm.   Yes, we can   definitely chat through what it really comes down to is areas, know, areas like what cities are they investing in? But let's definitely chat because I think we could have a really good, really good way because I might. In fact, I while we are on this call, you know, have I have slack and that's where the community I've got thousands of students now, but we're in there chatting. I saw one note pop up, Christina. She's been with me for years and years and years. She's doing really well. And she was like, man, in Cleveland, like I have this property manager. I'm not going to name their name.   they're falling apart, I need another property manager, and so what it really comes down to, maybe you just help me know where they're managing, and then I could just point them to my students.   Jason Hull (52:48) Or   tell that person, if any of your investors see this episode or whatever, tell them to get their property managers to go talk to DoorGrow. Just say, look, you're not doing a great job. I'm actually considering finding another property manager. I think you should go listen to Jason and go talk to DoorGrow and get your shit together.   Dustin Heiner (53:05) That's a fantastic idea.   Absolutely.   Jason Hull (53:08) Because here's the thing, property managers do not wake up in the morning saying, I want to have a shitty business today. But most property managers suck. So where's the disconnect? The disconnect is they don't have the right strategies for growth. They're trying to do a bunch of digital marketing. There's very little search volume of people looking for property managers online. And usually the ones that are are the worst. They're the cheapest owners that view them as a commodity. They're at the end of the sales cycle. Word of mouth usually captures all the good stuff.   So these are the shitty scraps that fell off the word amount table. they're built, so they're spending money that they don't really have to get clients that they don't really want. And then they have these portfolios that are really difficult to manage. so then customer service is the first thing to go out the window because they're struggling. And I call it the cycle of suck. Take on any client, you have bad clients. You take on bad clients, you have bad properties. You have bad properties to deal with. The tenants are not gonna be happy. So you have bad tenants. And then you're gonna have a bad reputation. And that sums, and then what does that do?   helps you attract more bad owners. And so this sums up the whole industry in aggregate and that's our mission at DoorGrow is to disrupt that cycle of suck and we have a different cycle, a cycle of success where you're filtering at each stage and improving things at each stage. yeah.   Dustin Heiner (54:22) Fantastic,   man. I'm super pumped. I'm glad you're doing this because we need good property managers and property managers need to be buying properties themselves. So I appreciate having me on the show,   Jason Hull (54:32) Awesome, thanks for being here. Alright, so appreciate Dustin hanging out with us. If you felt stuck or stagnant and you want to take your property management business to the next level, reach out to us at doorgrow.com or if you're an investor and you're tired of your property manager but there aren't any other good ones either, then send them to doorgrow.com. Also join our free community just for property management business owners at doorgrowclub.com.   on Facebook and if you found this even a little bit helpful, don't forget to subscribe and leave us a review. We'd really appreciate it. Until next time, remember the slowest path to growth is to do it alone. So let's grow together. Bye everyone.  

Dustin Heiner - Master Passive Income On the Game of Entrepreneurship: "I love building businesses. One of my favorite things, like it's a game. So I just keep trying to do better at that game." Passive income seems to be one of the most underrated ways to fulfill your dreams.  Maybe that seems like a stretch, but it has been proven again and again. There are a few tricks to mastering passive income: 1) Realize it takes time- it is a get rich slow game, 2) Many others have done it and many of them share how they did it, and 3) Just about anyone can do this. Dustin Heiner joins us for the second time to discuss how he has created his passive income dynasty and how he shares his wisdom with other investors.  The hardest part about anything, investing included, is just getting started.  Dustin explains how he shifted his mindset to get out of the job world and move into the, ironically, more stable real estate investment world. Listen as Dustin explains the steps for starting your passive income journey, how to start small and build upon your success.  The goal is that one day in the future, think 10ish years, you will not have to work.  You'll still want to, for the love of the game. Enjoy! Visit Dustin at: https://masterpassiveincome.com/     Podcast Overview: 00:00 Traditional Career Path Critique 05:08 Awaiting News: Anxiety in Office 12:20 Avoid Property Management Pitfalls 18:26 "Understanding Financial Independence How-Tos" 22:23 "Slow Hiring, Fast Firing Strategy" 27:01 Understanding Property Financing Options 33:58 "1% Rent Rule for Purchases" 41:40 Real Estate Tax Strategy Insights 47:13 Real Estate: Unlocking Business Benefits 48:30 Out-of-State Real Estate Investing 56:54 "Free Real Estate Investment Course" 58:58 "Debt-Free Investing Foundations" 01:04:49 Supporting Others' Success Podcast Transcription: Dustin Heiner [00:00:00]: I get a call from the boss's bosses, boss's secretary, like top dog. And she says, Dustin, would you please come in the office? And I paused for a second. Sure. I hung up the phone. I said to myself, why are they calling me the office? Like this isn't normal. If I get laid off, does that make me a failure as a father? The last time I walked to my car, I felt like I was walking on clouds because I knew I would never ever need a job again. If you build the business first, then you have the experts that are doing it as opposed to you hoping that you're doing it right. Especially if you're investing out of state. Dustin Heiner [00:00:27]: Anybody that you hear, let's say Instagram or TikTok, the people that have been around since 2020, 2022, they started, oh, I bought three properties and I'm a millionaire, blah blah blah. I've now taught my 16 year old daughter to buy her first property. So she bought her first property three months ago. It's an active loss for you, so you can depreciate. $100,000 is what I did. Everything around real estate, I figure, well, shoot, what else can we do? Well, people need homeowners insurance, maybe I might go down that route. Do you mind if I just give everybody my course for free? James Kademan [00:00:54]: You have found Authentic Business Adventures, the business program that brings you the struggle stories and triumphant successes of business owners across the land. Downloadable audio episodes can be found in the podcast link found at https://drawincustomers.com. We are locally underwritten by the Bank of Sun Prairie Calls On Call Extraordinary Answering Service as well as the Bold Business Book. And today we are welcoming slash preparing to learn from Dustin Heiner, the founder of Master Passive Income. And today with Dustin, we're talking two of my favorite subject, business and money. So Dustin, how is it going today? Dustin Heiner [00:01:29]: James, I'm blessed man. Thank you so much for having me on the show. Yeah, it's great business and money. I find it's almost a game.

Dustin Heiner - The Deal That Changed My Life In this episode of the Real Estate Reserve Podcast, hosts Jason Balin and Ian Horowitz welcome back real estate investor and founder of Master Passive Income, Dustin Heiner, to share the deal that changed his life. Dustin opens up about the second property he ever bought—the pivotal moment that transformed his investing journey. After a rough first experience where his property manager started stealing from him, Dustin made a powerful mindset shift. He stopped "buying properties" and started building a business. That one decision set him on the path to financial freedom, helping him grow to 30+ single-family rentals and over 750 apartment units across multiple states—all while working less than 30 minutes a month. Hear how Dustin: ✅ Turned a bad experience into a scalable system ✅ Built a team-first investing business model ✅ Taught his 16-year-old daughter to manage rentals ✅ Traveled Japan for 3 weeks without checking in once ✅ Is helping 1 million people achieve real estate freedom

Unlock the secrets to financial freedom with Dustin Heiner as he shares his proven real estate investing strategies to help you master passive income and achieve wealth! In this episode of the REI Mastermind Network, Dustin dives into his inspiring journey from a 9-to-5 job to owning 30+ properties, multifamily assets, and even hotels—building a thriving investment portfolio along the way.

Join our community of RE investors on Skool: https://www.skool.com/the-real-estate-investing-club-5101/about?ref=44459ba83f5540f19109c8a530db40230:00 Episode Introduction11:59 From Government Job to Real Estate Investor Story15:53 The Devastating Layoff That Changed Everything19:11 4.5 Years to Financial Freedom Timeline24:29 Building Real Estate Business vs Being Investor28:07 Cash Flow vs Appreciation Investment Strategy31:06 Using Property Managers as Market Experts33:53 Quick Question Round Begins37:07 Single Metro Investment Recommendations38:18 Relationship-Based Deal Finding StrategyGOVERNMENT EMPLOYEE TO PASSIVE INCOME MILLIONAIRE

Join Me In Denver for our 2-day Mastermind: https://masterpassiveincome.com/mastermind follow me on IG https://instagram.com/thedustinheinerGet my new real estate investing software free: incomebuilder.ioGet the FREE Course: https://masterpassiveincome.com/freecourseGet the 1-on-1 coaching FREE strategy call here: https://masterpassiveincome.com/bookacallFollow Dustin Heiner on Instagram: https://instagram.com/thedustinheinerCheck out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/network//BEST REAL ESTATE INVESTING RESOURCE LINKSStart your LLC for only FREE! https://masterpassiveincome.com/formanllcGreat High Interest Savings Account: https://masterpassiveincome.com/citGet your business bank account here: https://masterpassiveincome.com/baselaneGet your business credit card with 2% Cash Back with NO FEE! https://masterpassiveincome.com/amexToday, we delve into the remarkable journey of a student who has transitioned from possessing no properties to amassing an impressive portfolio of nine units within a mere twelve months. This episode serves not only to illuminate the potential for rapid advancement in real estate investing but also underscores the efficacy of strategic learning and decisive action. As we engage with our guest, we shall explore the methodologies employed in this transformative process, including the significance of understanding financial metrics and the importance of nurturing a solid support system. Furthermore, we shall discuss the vital role of community and mentorship in fostering success within the realm of real estate. Join us as we uncover the insights and experiences that can guide you on your own path to financial independence through real estate investment.The recent podcast episode delves into the transformative journey of a dedicated student of real estate investing, who remarkably transitioned from possessing no properties to acquiring nine units within a mere year. This remarkable achievement is not merely a testament to his determination, but also a reflection of the strategic methodologies imparted by the host, Dustin Heiner. Throughout the discussion, the guest articulates the foundational steps that catalyzed his success. He emphasizes the importance of education and mentorship, particularly highlighting how the Master Passive Income community has been instrumental in shaping his approach to real estate. By adopting a mindset focused on long-term investment and financial independence, he has navigated the complexities of the real estate landscape with commendable acumen. The episode serves not only as an inspiration for aspiring investors but also as a practical guide, elucidating the principles of financial literacy and strategic investment that can empower individuals to embark on their own journeys toward financial freedom. Additionally, the episode explores the personal anecdotes and insights of the guest, painting a vivid picture of

In this episode Cameron and Anthony interview Dustin Heiner, a real estate investor and the founder of Master Passive Income, to discuss how to create passive income that covers your living expenses—and eventually makes you “successfully unemployed.” Dustin reveals his journey from being unexpectedly laid off from a government job to building a real estate empire, and how he now helps others achieve financial freedom. The conversation covers the importance of mindset, why building a business comes before buying properties, creative ways to finance real estate deals (even with little money), and the biggest mistakes new investors make For Dustin's free course text “RENTAL” to 33777 or go to https://masterpassiveincome.com/freecourse Find Justin on Instagram: @thedustinhiener   Resources: Join the Infinite Wealth Study Group: https://www.facebook.com/share/g/qC3sAWg6PhHYpRAs/  Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast Check our online course at www.InfiniteWealthCourse.com Buy Becoming Your Own Banker by R. Nelson Nash http://bit.ly/BYOBbookIWC 

What would happen if you suddenly lost your job? For most people, the answer brings anxiety, and understandably so. But for Dustin Heiner, the experience of being laid off became the pivotal moment that launched him on a journey toward financial freedom, passive income, and what he affectionately calls “successful unemployment.”On a recent episode of the Raising Private Money podcast with host Jay Conner, Dustin shared his powerful story of transformation—from a county IT employee in California to a full-time real estate investor, educator, and podcast host at Master Passive Income. The wisdom he offered goes far beyond real estate; it's a blueprint for anyone seeking true independence and purpose.Breaking the Traditional MoldDustin's story begins much like many of ours: he followed the “normal” path. After college, he landed what was supposed to be the most stable job one could imagine: government work in IT. “Government isn't going anywhere, and neither is technology,” he reasoned. Yet, in 2006, wanting something more, Dustin began to dabble in real estate investing after reading Rich Dad Poor Dad. He soon realized that his side hustle earned him more for less effort than his main job ever would.Everything changed, though, when Dustin returned from paternity leave after his fourth child and was unexpectedly called into his boss's office—and laid off. “Nobody gets fired from the government, but I did,” he recalls. This terrifying moment forced Dustin to confront two realities: he needed immediate income, and he needed to make sure he'd never be dependent on a job again.Embracing an Investor's MindsetWhat set Dustin apart wasn't just his willingness to hustle; it was his shift in identity. “From that day forward, I told everyone I was an investor, even if every dollar was coming from my job at the time,” Dustin says. This mindset laid the groundwork for everything that followed.He understood that his true value didn't come from his employer, it came from his skills, his drive, and his willingness to invest in himself. In Dustin's words, your boss pays you just enough to keep you from quitting, but not what you're truly worth. The only way to reclaim your worth is to build something of your own.Building Passive Income (and a Legacy)Dustin steadily grew his portfolio, buying property after property, each generating hundreds in monthly passive income. The turning point came when his cash flow allowed him to quit his job entirely by age 37. He describes the final commute from his government job as feeling like he was “walking on clouds.” Dustin was now successfully unemployed: no boss, no clock, just consistent income generated from assets.He didn't stop there. Dustin began teaching friends and family, eventually launching the Master Passive Income blog and podcast to share everything he learned. His mission? To help a million others break free, too. “The more people I serve, the more my life, and theirs, improves,” he says.Attracting Money Without Chasing ItOne of the standout lessons from Dustin's experience is the power of personal branding and trust. He raised $1.5 million in private money for real estate deals simply by sharing his journey on just two podcast episodes. How? Because he'd spent years openly sharing values and teaching others. When an opportunity arose, his audience already knew, liked, and trusted him enough to invest.Dustin's advice for aspiring investors is simple but profound:Let Everyone Know You're an Investor – Even if it's a part-time role, communicate your goals and identity.Help Others Generously – Share knowledge, answer questions, and provide value.Play the Long Game – Success comes from years of consistent action, integrity, and generosity.Your Path to Successful UnemploymentWhether you're interested in real estate o

Build Lasting Wealth With Real Estate Investing with Dustin Heiner - #242 In this episode of The Real Estate Reserve Podcast, Jason and Ian sit down with Dustin Heiner—founder of Master Passive Income and a full-time real estate investor—to break down his proven framework for helping new and seasoned investors build long-term wealth through real estate. Dustin shares how he went from being laid off to becoming financially independent through rental income, and how he now coaches others to do the same. Dustin outlines the four key phases of a real estate investor's journey—from beginner to passive investor—and explains why systems, scale, and mindset shifts are crucial at each level. He emphasizes that even in today's market, with high interest rates and rising prices, investors can still thrive by focusing on cash flow, not appreciation. Through real-world examples, including how his 16-year-old daughter bought her first rental property, Dustin illustrates why there's never a “bad time” to invest—only bad deals. You'll also hear a candid discussion about building the right team, avoiding common pitfalls, and how to use lending relationships, property managers, and local experts to create a truly passive business. Whether you're just getting started or scaling into multifamily, this episode is packed with valuable strategies and motivational insight to help you take your next step with confidence. Topics Covered: The four investor phases: Beginner, Income Builder, Scaler, Passive Investor Why today's market still offers opportunity The candy bar analogy for understanding income vs. appreciation Team mentality and relying on local experts Generational wealth and buying properties for your kids How Dustin continues to grow his portfolio—and his mission Whether you're a total beginner or already scaling, Dustin offers a framework to meet you where you are and help you build a business that creates freedom.

I've been using Baselane for a few years now and they were awesome to give you $100 for signing up AND free premium support because you are a part of Master Passive Income.Get the bonus and the premium support here: https://masterpassiveincome.com/baselaneJoin us on the Baselane workshop: https://masterpassiveincome.com/baselane-workshop follow me on IG https://instagram.com/thedustinheinerGet my new real estate investing software free: incomebuilder.ioGet the FREE Course: https://masterpassiveincome.com/freecourseGet the 1-on-1 coaching FREE strategy call here: https://masterpassiveincome.com/bookacallFollow Dustin Heiner on Instagram: https://instagram.com/thedustinheinerCheck out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/network//BEST REAL ESTATE INVESTING RESOURCE LINKSStart your LLC for only FREE! https://masterpassiveincome.com/formanllcGreat High Interest Savings Account: https://masterpassiveincome.com/citGet your business bank account here: https://masterpassiveincome.com/baselaneGet your business credit card with 2% Cash Back with NO FEE! https://masterpassiveincome.com/amexTakeaways: In this episode, we discussed the importance of financial independence through real estate investment, emphasizing how it can provide both personal freedom and generational wealth. We shared a personal story about overcoming adversity, particularly how my father's successful cancer treatment inspired us to motivate others about potential health solutions. The episode highlighted the significance of utilizing professional property management software to streamline operations and enhance efficiency for real estate investors. We explored the challenges that many small investors face, particularly the necessity of maintaining organized financial records to ensure successful property management. A recurring theme in our discussion was the critical need for tenant screening, which can significantly mitigate risks associated with property management. Lastly, we introduced Baselane's innovative features, including automated invoicing and tenant reporting, which can greatly simplify the financial management process for landlords. Links referenced in this episode:masterpassiveincome.commasterpassiveincome.com/baselaneThe predominant theme of this podcast episode...

Imagine getting laid off from a "secure" government job right after welcoming your fourth child—and turning that setback into a thriving real estate investing empire! In this special in-person interview, Jason Duncan sits down with Dustin Heiner, founder of Master Passive Income, to reveal how he went from employee to financially free entrepreneur through passive income strategies. Dustin shares how one $317 rental property became the catalyst for quitting his 9-to-5 at age 37, how to build financial freedom without risking everything, and the biggest mindset shifts that helped him succeed in the competitive world of real estate.

216: In this episode, I sat down with Dustin Heiner to discuss real estate investing, passive income, and business scaling.(Show Notes: REtipster.com/216)Dustin shares how he built a rental property empire that now funds his lifestyle, what he'd do if he had to start over, and how he teaches his kids to invest in real estate. We also discuss the power of networking, why coaching is valuable, and how to automate your business for true financial freedom.If you've ever wondered how to grow a real estate business while working full-time or what it takes to achieve real passive income, this episode is for you!

#305 Want to know how to buy million-dollar apartment buildings using other people's money? In this episode, host Brien Gearin sits down with multifamily syndication expert Charles Seaman, host of the Master Passive Income podcast. Charles shares his journey from being a bank teller to becoming a successful syndicator, raising capital for multi-million dollar real estate deals. He breaks down how multifamily syndication works, the risks involved, and how to structure deals to maximize returns. If you've ever wondered how to pool investor capital to buy large apartment complexes, this episode is packed with insights and actionable advice. Tune in to hear Charles' tips on building investor trust, navigating market challenges, and scaling your syndication business! What we discuss with Charles: + How Charles got started in syndication + Why track record matters to investors + What multifamily syndication is and how it works + Finding the right partners and capital + Structuring deals and managing investor expectations + Risks involved in multifamily syndication + How to know when to sell a property + Differences between property and asset management + Tips for getting started in syndication + Importance of building a strong network Thank you, Charles! Check out more of Charles's resources. Call Charles at 347-306-3278. Email Charles at cseaman@masterpassiveincome.com. Watch the video podcast of this episode! And follow us on: Instagram Facebook Tik Tok Youtube Twitter To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Want to hear from more incredible entrepreneurs? Check out all of our interviews here! Learn more about your ad choices. Visit megaphone.fm/adchoices

FREE REAL ESTATE INVESTING COURSE: MasterPassiveIncome.com/freecourseDustin Heiner was a top employee with top marks. He had a loving wife and 4 beautiful children. Dustin had steadfast job security... until he didn't.When Dustin was laid off without any way to provide for his family, his mindset shifted. Dustin knew he could never be in that situation again. Dustin had to find a way to take his financial safety into his own hands.Dustin was able to do just that through real estate. When Dustin created his own real estate business he was able to leave his new job and make lots of passive income. He became "Successfully Unemployed" as he puts it.Dustin shares about his journey in creating his own real estate business. He has been blessed by real estate so much, that his passion is to help others find financial freedom as well. This is why Dustin created Master Passive Income.Listen to Dustin as he explains how to create a successful real estate business, so you can leave your job and make passive income too.

As digital agency owners, we focus on growth. We scale teams, increase MRR, and serve clients at the highest level. However, what happens after the business succeeds? What's the end game? According to Dustin Heiner, founder of Master Passive Income, the goal isn't just profit. It's freedom. It's legacy. It's wealth. On the [...] The post From Profit to Passive Income with Dustin Heiner appeared first on Seven Figure Agency.

Listen in as Dustin discussed:From being employed to a successful real estate mogul. Certainty vs. Uncertainty His strategy to become successfully unemployed. Building the business the right way. Dustin also discussed the worst advice people can get in his area of expertise.  TIP OF THE WEEKDustin: Connect with the right people to fast-track your success. Surround yourself with experts and like-minded individuals who have already achieved what you aim to accomplish. Join memberships, conferences, or masterminds to build meaningful relationships and gain guidance to avoid common pitfalls. Explore resources and events at MasterPassiveIncome.com for tools to scale your business.Mark: Leverage free resources to jumpstart your journey. Take advantage of Dustin's free course on building and scaling a real estate business. Text RENTAL to 33777 or visit MasterPassiveIncome.com/freecourse. Also, leave a podcast review to help grow the community and gain access to a signed copy of Dirt Rich. WANT TO LISTEN MORE?Did you like this episode? If so, listen to another AOPI episode to learn more about passive investing in real estate."Are you ready to learn more about land investing? Just click HERE to schedule a call.""Isn't it time to create passive income so you can work where you want when you want, and with whomever you want?"

Dustin Heiner and Seth Williams dive deep into the world of real estate investing, emphasizing the importance of building meaningful relationships and leveraging community connections to achieve success. They discuss how real estate is not just about properties but fundamentally about people and the networks we create. With a focus on helping others, Dustin shares his mission to guide one million individuals toward financial freedom through real estate investments. The conversation touches on the value of mentorship, the role of partnerships, and the strategic approach to scaling businesses in this field. Listeners are encouraged to take action, whether it's through investing or connecting with like-minded individuals in the real estate community.Join Me At the Real Estate Wealth Builders Conference and get 20% OFF CODE: MPIPODCAST https://rewbcon.com Get the FREE Course: https://masterpassiveincome.com/freecourseGet the 1-on-1 coaching FREE strategy call here: https://masterpassiveincome.com/bookacallFollow Dustin Heiner on Instagram: https://instagram.com/thedustinheinerCheck out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/network//BEST REAL ESTATE INVESTING RESOURCE LINKSStart your LLC for only $29! https://masterpassiveincome.com/formanllcGreat High Interest Savings Account: https://masterpassiveincome.com/citGet your business bank account here: https://masterpassiveincome.com/baselaneGet your business credit card with 2% Cash Back with NO FEE! https://masterpassiveincome.com/amexTakeaways:Real estate investing is fundamentally about building relationships, not just acquiring properties.Investing in land can provide passive income and financial freedom through smart choices.Surrounding yourself with like-minded individuals can elevate your real estate investing journey.Creating a community through meetups and conferences can enhance learning and networking opportunities.The importance of having an exit strategy in partnerships cannot be overstated.Teaching kids financial literacy early on can set them up for future success.real estate investing, passive income, land investing, rental properties, financial freedom, Master Passive Income, real estate wealth builders, investment strategies, property management, podcasting for business, successful investing, real estate conferences, investment education, wealth building, cash flow properties, storage facilities, investment partnerships, real estate coaching, real estate tips, entrepreneurship

Want to break free from the 9-to-5 grind and build a sustainable, passive income stream? In this episode, Brien Gearin is joined by Dustin Heiner, CEO of Master Passive Income, who shares his journey to financial independence through real estate investing. Dustin explains how he transitioned from a secure government job to creating a six-figure passive income by investing in real estate. He delves into the importance of building a business first, finding the right experts, and leveraging systems to generate truly passive income. Whether you're a seasoned investor or just starting out, Dustin's insights will help you unlock the power of real estate for financial freedom! What we discuss with Dustin: + Dustin's journey from government job to real estate investor + Active income vs. passive income + Build the real estate business first + Scaling from one property to 30+ + Importance of hiring the right property manager + Start with simple, cash-flowing properties + Creative financing options for real estate + Focus on cash flow, not appreciation + Higher interest rates benefit cash flow investors + Passive income mindset for financial freedom Thank you, Dustin! Check out Master Passive Income at MasterPassiveIncome.com. Get Dustin's free course at MasterPassiveIncome.com/freecourse or text RENTAL to 33777. Listen to The Master Passive Income Podcast. Follow Dustin on Instagram. And follow us on: Instagram Facebook Tik Tok Youtube Twitter To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Want to hear from more incredible entrepreneurs? Check out all of our interviews here! Learn more about your ad choices. Visit megaphone.fm/adchoices

Frugality can be a powerful tool for achieving financial freedom, and this episode explores the balance between being frugal and enjoying life. Dustin Heiner shares his personal journey of growing up in a financially constrained environment and how that shaped his values regarding money. Joined by frugality expert Jen Smith, they delve into the importance of aligning spending with one's values to enhance life rather than restrict it. They discuss practical strategies for identifying spending patterns and making conscious choices that prioritize meaningful experiences over impulse purchases. By the end, listeners will gain insights into how to embrace frugality as a means to live a fulfilling life while still pursuing financial goals.Join Me At REWBCON25 20% OFF CODE: MPIPODCAST https://rewbcon.com Get the FREE Course: https://masterpassiveincome.com/freecourseGet the 1-on-1 coaching FREE strategy call here: https://masterpassiveincome.com/bookacallFollow Dustin Heiner on Instagram: https://instagram.com/thedustinheinerCheck out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/network//BEST REAL ESTATE INVESTING RESOURCE LINKSStart your LLC for only $29! https://masterpassiveincome.com/formanllcGreat High Interest Savings Account: https://masterpassiveincome.com/citGet your business bank account here: https://masterpassiveincome.com/baselaneGet your business credit card with 2% Cash Back with NO FEE! https://masterpassiveincome.com/amexreal estate investing, passive income, purpose in life, financial independence, wealth building, mindset shift, coaching in real estate, Master Passive Income, Real Estate Wealth Builders Conference, finding your purpose, purpose anchors, investing strategies, personal finance, achieving goals, success mindset, motivation, fulfillment in life, overcoming limiting beliefs, community building, entrepreneurshipTakeaways: Frugality is about being wise with your money, not just saving for the sake of saving. Understanding your spending habits through a transaction inventory can reveal your true values. Combining frugality with strategies to increase income can enhance your financial stability. It's important to spend on what you genuinely value to avoid guilt and regret. Being frugal is not the same as being stingy; it's about wise spending choices. Identifying your core values can help you prioritize spending that enriches your life. frugality, financial freedom, generational wealth, real estate investing, budgeting tips, debt repayment, saving money, frugal living, wealth building strategies, passive income, spending wisely, value-based spending, financial independence, mindful spending, investing in real estate, wealth management, personal finance tips, money management, frugal lifestyle, financial literacy

Discovering your purpose is a transformative journey that can lead to greater fulfillment and success in life. In this conversation, Dustin Heiner and Dr. Jordan Grummet delve deep into the concept of purpose, emphasizing that rather than finding a singular purpose, individuals should focus on creating it through actionable steps. Get Jordan's Book "The Purpose Code" here: https://amzn.to/40leXSMJoin Me At REWBCON25 20% OFF CODE: MPIPODCAST https://rewbcon.com Get the 1-on-1 coaching FREE strategy call here: https://masterpassiveincome.com/bookacallFollow Dustin Heiner on Instagram: https://instagram.com/thedustinheinerCheck out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/network//BEST REAL ESTATE INVESTING RESOURCE LINKSStart your LLC for only $29! https://masterpassiveincome.com/formanllcGreat High Interest Savings Account: https://masterpassiveincome.com/citGet your business bank account here: https://masterpassiveincome.com/baselaneGet your business credit card with 2% Cash Back with NO FEE! https://masterpassiveincome.com/amexTakeaways: Purpose is a deeper driver for success than simply setting goals or resolutions. Finding your purpose involves creating it actively rather than searching for it passively. Little p purpose focuses on daily actions that bring joy, rather than lofty achievements. Interpersonal connections and community are essential for happiness and fulfillment in life. Understanding your regrets can guide you toward discovering your true purpose in life. Financial independence is a tool to achieve a life of purpose, not the purpose itself. real estate investing, passive income, purpose in life, financial independence, wealth building, mindset shift, coaching in real estate, Master Passive Income, Real Estate Wealth Builders Conference, finding your purpose, purpose anchors, investing strategies, personal finance, achieving goals, success mindset, motivation, fulfillment in life, overcoming limiting beliefs, community building, entrepreneurship

Learn how to buy your first rental property without ever seeing it in person! William Palmer shares his proven system for successful out-of-state real estate investing, developed through Master Passive Income's coaching program.Discover essential strategies including:- How to properly vet property managers in new markets- Finding cash-flowing properties in the right locations- Building your real estate team from a distance- What to look for in your first investment property- Managing risks when investing remotelyWilliam reveals his journey from law enforcement to successful real estate investor, breaking down exactly how he purchased his first property in Ohio without ever visiting the state. He shares practical tips for finding properties that generate $150-300 monthly cash flow and explains why focusing on basic 3-bed, 2-bath homes in strategic markets is key for beginners.Whether you live in an expensive market or want to expand your portfolio across state lines, this episode provides the blueprint for building wealth through remote real estate investing. Learn how to leverage property managers, analyze deals, and scale your business using proven systems that work.Want to learn more about building your real estate portfolio? Visit masterpassiveincome.com to discover how their coaching program can help you achieve financial freedom through rental properties.#realestateinvesting #passiveincome #passiveincomeideas #financialfreedom #realestatecoachingCHAPTERS:00:00 - Intro00:23 - William's Journey in Real Estate Investing03:06 - Key Qualities of a Property Manager09:16 - Understanding Your "Buy Box"10:42 - Achieving Desired Cash Flow17:53 - Surprises from Coaching Experience19:22 - Coaching's Impact on Investing20:28 - Personal Investing Changes Through Coaching21:36 - Inspiring Success Story27:14 - Coaching: Investment vs. Expense29:20 - Avoiding Rush in Strategy Selection30:36 - Rapid-Fire Round Preparation30:55 - Common Lies Among Real Estate Investors31:30 - Advice for Younger Self in Real Estate32:10 - Recommended Books for Investors32:50 - Most Impactful Strategy or Tool for SuccessRealDealCRM.comRealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.comLIKE • SHARE • JOIN • REVIEWWebsiteJoin the REI Mastermind Network on Locals!Apple PodcastsGoogle PodcastsYouTubeSpotifyStitcher

Dustin Heiner interviews John Plushet, a successful member of the Master Passive Income Tribe, who shares his journey into real estate investing. John recently purchased two rental properties, including one at a remarkable $130,000, which allowed him to capture $80,000 in equity. He emphasizes the importance of networking and openly discussing real estate to uncover investment opportunities, as his latest deal came from a family connection. Throughout the conversation, they explore strategies like the SHRED method for debt reduction and the benefits of attending events like the Real Estate Wealth Builders Conference (REWBCON) for education and motivation. John's insights serve as a reminder that with the right mindset and community support, anyone can achieve success in real estate investing.REWBCON 20% OFF CODE: MPIPODCAST https://rewbcon.com Join the Shred Method and Cut 15 years off your mortgage: https://masterpassiveincome.com/shredGet the 1-on-1 coaching FREE strategy call here: https://masterpassiveincome.com/bookacallFollow Dustin Heiner on Instagram: https://instagram.com/thedustinheinerCheck out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/network//BEST REAL ESTATE INVESTING RESOURCE LINKSStart your LLC for only $29! https://masterpassiveincome.com/formanllcGreat High Interest Savings Account: https://masterpassiveincome.com/citGet your business bank account here: https://masterpassiveincome.com/baselaneGet your business credit card with 2% Cash Back with NO FEE! https://masterpassiveincome.com/amexDustin Heiner, the host of the Master Passive Income Podcast, dives into the world of real estate investing with John Plushet, a member of the Master Passive Income Tribe. In this engaging conversation, John shares his inspiring journey from being a civil engineer in New Orleans to successfully purchasing multiple investment properties in Alabama and Louisiana. The discussion highlights how John overcame the challenges of analysis paralysis and learned to take decisive action by leveraging the resources available through the Master Passive Income course. He emphasizes the importance of understanding cash flow and the mindset shift that comes from surrounding oneself with like-minded investors. The episode not only covers John's strategies for finding lucrative deals but also underscores the significance of networking and sharing one's journey as a real estate investor to unlock new opportunities.As the conversation unfolds, Dustin and John delve deeper into the specifics of John's real estate investments, including his first property in Birmingham, Alabama, where he achieved a remarkable cash flow of $260 per month. John describes the meticulous approach he took to ensure he met the cash flow criteria set forth in the Master Passive Income curriculum, as well as the supportive role of a great property manager in his success. The dialogue then transitions to John's second property in New Orleans, which he acquired through a family connection and managed to...

I met Dustin in the Membership Freedom mastermind group and started following him immediately. He and I click on so many levels…family, income activities, hobbies, and what it means to live a great life. Dustin joined me to talk about Real Estate and how he used it to become successfully unemployed. I hope you enjoy it!   Find Dustin Heiner at https://masterpassiveincome.com/freecourse or text RENTAL to 33777. Hint- I downloaded his free course, and it is amazing! So much info packed into a FREE course!   Things mentioned in the show: Membership Freedom Mastermind with Vincent Pugliese- https://ruggeddad.krtra.com/t/GJ8IyjicS5a4 Dave Ramsey's Total Money Makeover- https://amzn.to/4dOWCRv    --- Check out Dr. Dave's Streams of Income at: www.drdavidpowers.com   www.instagram.com/drdavidpowers  www.youtube.com/@streamsofincomebydrdave  --- Join the Streams of Income community at www.facebook.com/groups/streamsofincomedream  --- Check out Passive Income Engines to find your own Streams of Income at www.SelfCoachYourself.com --- Check out my best-selling books: Rapid Skill Development 101- https://amzn.to/3J0oDJ0 Streams of Income with Ryan Reger- https://amzn.to/3SDhDHg Strangest Secret Challenge- https://amzn.to/3xiJmVO --- This page contains affiliate links. This means that if you click a link and buy one of the products on this page, I may receive a commission (at no extra cost to you!) This doesn't affect our opinions or our reviews. Everything we do is to benefit you as the reader, so all of our reviews are as honest and unbiased as possible. --- #passiveincome #sidehustle #cryptocurrency #richlife

ABOUT CHARLES SEAMANHe resides in Charlotte, NC and serves as a Managing Partner of Cash Flow Champs.  He's responsible for building and maintaining broker relationships and performing and overseeing the company's underwriting activities.  He's also involved with contract negotiation and capital raising to make sure that the deals close, remaining involved after closing to manage the assets so that they perform in a manner that provides investors with exceptional returns.  He's currently a general partner in five (5) multifamily properties totaling 663 units, having gone full cycle on six (6) multifamily properties.  He's also a Multifamily Coach with Master Passive Income and is a co-host of the Charlotte REWBCLUB and the MPI Multifamily podcast.    THIS TOPIC IN A NUTSHELL: Charles's career and journey to real estateInvesting in single-family homes and wholesalingGetting into the Syndication spaceWhat's the difference between Single Family vs Commercial RE?Building relationships with brokersDealing with partners/sponsorsAbout the 64-unit deal in Charlotte Price, metrics, and Value Add PlanSection 8 tenants and rent collection How they deal with promise-to-pay tenantsWhat was the projected hold time for this asset?Average Annual Return Challenges in the dealProjecting expense ratios in your marketHow to know that an onsite manager makes sense Connect with Charles   KEY QUOTE: “The fundamental difference between single-family homes and commercial real estate is that SFH tends to be transactional, whereas commercial is more relationship-based. “      ABOUT THE WESTSIDE INVESTORS NETWORK   The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.     The Westside Investors Network strives to bring knowledge and education to real estate professionals that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.    #RealEstateInvesting #RealEstate #AparmentInvesting  #AssetManagement #MultifamilyInvestment #CommercialRealEstate #CashFlow #MultifamilyCoach #PropertyManagement #SingleFamilyHomes #Transactional #RelationshipBased #MultifamilySyndication #Brokers #NegotiationSkills #Charlotte #NorthCarolina #Underwriting #Section8Tenants #Landlords #Tenants #BrokerRelationships #BuildingRelationships #InvestmentReturns #AverageAnnualReturn #ExpenseRatio #CashFlowChamps #MasterPassiveIncome #RentalProperty #PassiveWealth #JoinTheWINpod #WestsideInvestorsNetwork  CONNECT WITH CHARLES:Website: https://linktr.ee/charles_seaman LinkedIn: https://www.linkedin.com/in/charles-seaman1    CONNECT WITH US   For more information about investing with AJ and Chris:  ·    Uptown Syndication | https://www.uptownsyndication.com/  ·    LinkedIn | https://www.linkedin.com/company/71673294/admin/   For information on Portland Property Management:  ·    Uptown Properties | http://www.uptownpm.com  ·    Youtube | @UptownProperties     Westside Investors Network  ·    Website | https://www.westsideinvestorsnetwork.com/  ·    Twitter | https://twitter.com/WIN_pdx  ·    Instagram | @westsideinvestorsnetwork  ·    LinkedIn | https://www.linkedin.com/groups/13949165/  ·    Facebook | @WestsideInvestorsNetwork  ·    Tiktok| @WestsideInvestorsNetwork  ·    Youtube | @WestsideInvestorsNetwork  

Are goals bad? Although I have railed against them in the past, I decided to bring Dustin Heiner, The creator of Master Passive Income and Successfully Unemployed, to talk big audacious, hairy goals. Who is right? Or are we both? This Episode is Sponsored by: Monarch Money: Monarch is the top-rated, all-in-one personal finance app. It gives you a comprehensive view of all your accounts, investments, transactions, cash flow, net worth, and more. Plus, create custom budgets, track progress toward financial goals, and collaborate with your partner. And now listeners for this show will get an extended thirty day free trial when you go to monarchmoney.com/EARN. Fundrise: Right now, high-interest rates have crushed the real estate market. Prices are falling and properties are available at a discount, which means Fundrise believes now is the time to expand the Fundrise Flagship Fund's billion-dollar real estate portfolio. You can add the Fundrise Flagship Fund to your portfolio in minutes by visiting Fundrise.com/EARN. LinkedIn: LinkedIn isn't just a job board. LinkedIn helps you hire professionals you can't find anywhere else, even those who aren't actively searching for a new job but might be open to the perfect role. In a given month, over 70% of LinkedIn users don't visit other leading job sites. So if you're not looking on LinkedIn, you're looking in the wrong place. NordVPN: Grab the exclusive NordVPN deal ➼ https://nordvpn.com/earninvest and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show. Incogni: Use promo code EARNINVEST to get an exclusive 60% off an annual plan at incogni.com/earninvest. Climatize: Climatize offers potential investors a platform where they can choose to invest in solar energy, battery storage, and other renewable energy projects across the United States. Interested in learning more? Go to climatize.earth/earn and use our referral code EARN25 to get $25 in free credit once you complete your onboarding process. Here are a few simple ways to support the podcast that would mean the world to us. And guess what? They don't cost a cent. Please subscribe to the podcast on Apple, or Spotify. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dustin Heiner and Teresa Muzny engage in an enlightening discussion that captures the essence of real estate investing as a pathway to financial freedom. Teresa, a student of Master Passive Income, shares her remarkable experience of acquiring three properties in just two months, highlighting her journey from novice to confident investor. By focusing on the importance of building a business framework before diving into property selection, Heiner emphasizes a crucial lesson for aspiring investors: preparation is key to success.Links discussed in todays show:Invest with Dustin and MPI: https://masterpassiveincome.com/investJoin the Phoenix REWBCLUB November 19 2024 and see Dustin speak in person: Find out more here: https://rewbcon.com/phoenixREWBCON 20% OFF CODE: MPIPODCAST: https://rewbcon.com Get the 1-on-1 coaching FREE strategy call here: https://masterpassiveincome.com/bookacallFollow Dustin Heiner on Instagram: https://instagram.com/thedustinheinerGet actionable coaching to give you success https://masterpassiveincome.com/coachingCheck out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/network//BEST REAL ESTATE INVESTING RESOURCE LINKSStart your LLC for only FREE! https://masterpassiveincome.com/formanllcGreat High Interest Savings Account: https://masterpassiveincome.com/citGet your business bank account here: https://masterpassiveincome.com/novoGet your business credit card with 2% Cash Back with NO FEE! https://masterpassiveincome.com/amexLearn more about Zach and Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com/NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!Takeaways: Real estate investing can lead to financial freedom by generating passive income through rental properties. Exploring creative financing options can help you acquire properties without traditional loans. Keeping properties instead of selling them can build generational wealth for your family. Utilizing midterm rentals can significantly increase your income compared to long-term leases. FHA loans are a great way for new investors to start with minimal down payments. Combining various financing strategies can open up more opportunities for real estate investment. Links referenced in this episode:masterpassiveincome.com/freecourse

In this episode, Lindsay interviews Dustin Heiner, a real estate investor/coach and founder of Master Passive Income, who shares his journey into real estate investing, the importance of building a business around investments, and the misconceptions surrounding the buy and hold model. Dustin emphasizes the need for investors to understand their value and the risks of relying solely on a job for income. We also cover the role of property management, financing strategies, and the future of real estate investing, culminating in resources for aspiring investors.Connect with Dustin:Website: https://masterpassiveincome.com/Get Dustin's course by texting RENTAL to 33777Master Passive Income PodcastInstagram--To learn more about our full-service turnkey operations, check us out online at www.spartaninvest.comConnect with Spartan!Facebook: @spartaninvestInstagram: @spartaninvestTwitter: @spartaninvestConnect with Lindsay!Facebook: @spartanlindsaydavis

Mike "C-Roc" welcomes real estate expert Dustin Heiner. Dustin shares his journey to financial freedom. As the founder of the Real Estate Wealth Builders Conference and host of the Master Passive Income podcast and YouTube channel, Dustin has helped thousands achieve their financial goals through real estate. Dustin opens up about his determination, lessons learned from college football, and his passion for helping others build wealth. He also shares how his transition from a government IT job to a life of financial independence was sparked by a pivotal moment that made him realize he needed a change. Dustin's story is all about perseverance, learning from failure, and the drive to help others succeed. Tune in to hear his inspiring journey, how he balances family life with entrepreneurial passion, and his mission to help a million people invest in real estate. Whether you're an aspiring investor or just curious about how to create the life you want, this episode offers valuable insights for achieving success. Website: https://masterpassiveincome.com/freecourse Social Media Links/Handles: https://www.instagram.com/thedustinheiner/?hl=en https://www.linkedin.com/in/dustinheiner/ https://x.com/dustinheiner https://www.youtube.com/c/masterpassiveincome

In this episode of Living Off Rentals, we interviewed Dustin Heiner. He is a real estate investor, author, and coach who helps people reach financial freedom through creating streams of passive income. Dustin started investing in 2006, and went from working full time for the government, to replacing his income with turn key rental properties a few years later.  He currently hosts the podcasts “Master Passive Income” and “Successfully Unemployed.” He now runs one of the top real estate investing conferences in the world, the Real Estate Wealth Builders Conference (REWBCON). Key Takeaways: [00:00] Introducing Dustin Heiner and his background [03:33] The start of his real estate empire [09:27] How he built his portfolio [19:56] 355 unit deal [26:13] Base hits great  [28:05] REWBCON [32:16] The difference between multifamily and single-family homes [37:58] Connect with Dustin Heiner Guest Links: Website: @thedustinheiner on Instagram REWBCON: rewbcon.com [Promo Code: KIRBY] Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals  

Creating Wealth in Real Estate Investing[00:18:33] I wouldn't even know that this is possible unless I saw somebody else doing it, and for me it started when I was playing Monopoly as a kid…this is the life lesson. You start with land, you build houses, collect rent and then you go to hotels and you just keep getting there and it was fun. The first syndication I actually invested in was with you, Annie, in the hotels…so I got to play Monopoly in real life.[00:25:51] I want to make sure I'm making money every single month, a way to have value add, like forced appreciation…all these things are in my mind as I'm going through any specific deal—could be multifamily, could be a single-family home. [00:43:06] I need to serve people and move on. It's hard for me to really drive it home that this is literally the only way that I make money anymore. It's the only thing I want to do in any business, because I make other people's lives better and I make my life better from it too.  Connect with Dustin Heiner Website - https://rewbcon.com/  Use Promo code GOODEGG for 10% offInstagram - @thedustinheiner Audio/video editing and show notes by Podcast Abundance. Find out how they can help you too by visiting www.podcastabundance.com/services Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest Now OPEN: 71-unit multifamily investment in Phoenix, AZ https://goodegginvestments.com/north Connect with GoodeggWebsite - https://goodegginvestments.com/YouTube - @GoodegginvestmentsInstagram - @goodegginvestments

A Comprehensive Exploration with Leading Experts Episode 40 of the Inspired Money Podcast, "Financial Freedom Through Passive Income: Creating Streams of Cash Flow," unveils the intricate strategies and insights necessary to achieve financial independence through the creation of multiple passive income streams. Empowering Financial Independence At the heart of financial independence lies the powerful concept of passive income. Aimed at generating steady cash flow with minimal active involvement, this episode gathers a panel of luminaries: Michael Zuber, author of "One Rental at a Time," M.C. Laubscher of the Cashflow Ninja podcast, Dustin Heiner of Master Passive Income, and Colton Lukey, a strategic property investor. Together, they dissect the methodologies and practicalities of building wealth through diversified passive income streams.

Do you want to learn how to transition to real estate with remarkable success? Then join us for an informative conversation with William C. Parmer. He delves into his innovative approaches to out-of-state investing, the BRRRR strategy, and mobile home park investments. Tune in now for actionable insights and strategies that can transform your approach to real estate.     Key Takeaways To Listen For Why do you need to build your real estate team before purchasing a property? BRRRR Method: What it is and its benefits Criteria for effective out-of-state investing Tips on how to overcome challenges in real estate investing Perks of mobile home park investing and how to optimize your ROI     Resources/Links Mentioned In This Episode Master Passive Income Real Estate Investing Podcast Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle and Paperback Think and Grow Rich by Napoleon Hill | Kindle and Paperback The Richest Man in Babylon by George S. Clason | Hardcover and Paperback   If you'd like to have one-on-one coaching sessions with William, go to https://masterpassiveincome.com/coaching.     About William C. Parmer William is the Local Meetup Manager for Master Passive Income and the Real Estate Wealth Builders Conference. As a real estate investor and coach, he helps new investors acquire their first cash-flowing rental properties and assists others in scaling six-figure businesses. William co-hosts the Breakthrough Investor Podcast and the MPI YouTube channel with Dustin Heiner, and he manages real estate investor meetups nationwide. He strongly believes in fostering real relationships to enhance investing success.     Connect with William Website: Master Passive Income     Connect With Us If you're looking to invest your hard-earned money into cash-flowing, value-added assets, reach out to us at https://bobocapitalventures.com/. Follow Keith's social media pages LinkedIn: Keith Borie Investor Club: Secret Passive Cashflow Investors Club Facebook: Keith Borie X: @BoboLlc80554

Dustin is the founder of masterpassiveincome.com and the Real Estate Wealth Builders Conference of being Successfully Unemployed at 37 years old by investing in real estate rental properties. He is now on a mission to help 1 million people to invest in real estate and achieve financial freedom. Dustin started Master Passive Income from his home back in 2015, while being a full time employee married with four children, owning and operating two other businesses and being a full time investor. He is very passionate about his mission to help others become successfully unemployed and never need a job again.   Connect with Dustin Heiner: https://masterpassiveincome.com/ Dustin's Free Course: text "RENTAL" to 33777 or visit https://masterpassiveincome.com/freecourse Highlights: 3:10 - Dustin's Story from Employed to Successfully Unemployed 10:16 - How Dustin Started Investing Creatively 24:53 - Strategies for Short-Term Rentals (smaller markets) 32:10 - Why Dustin Loves The Rising Interest Rates 40:54 - Airbnb Quality Drops While Prices Rise Quote: "You will never get payed what you are wirth and you are worth so much more than anybody could ever pay you."   Recommended Resources: Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Many investors over the years have built portfolios of single-family rentals that have ultimately enabled them to quit their jobs and build legacy income for their families. Single family homes in the right neighborhoods can always attract good renters and some stay for many years with not a lot of management required. Dustin Heiner, Founder of Master Passive Income, has built a portfolio of single families in Northeastern Ohio, Houston, Tennessee and  Phoenix since 2006 and never sells a home. Dustin also offers a FREE Real Estate investing course online at masterpassiveinvesting.com. 

Rental Property Investor & Founder of Master Passive Income,  Dustin Heiner  joins Joseph to discuss how to create passive income fast by looking at your business differently.  GUEST LINKS MasterPassiveIncome.com  SUBSCRIBE  First100K.com  Music By: Purple-Planet.com

After 6 years of analysis paralysis, Juan found Master Passive Income and was able to buy his first property in just a few months. His amazing story is inspiring and shows us that we can all invest in real estate.Check out https://rewbcon.com and get 20% off with MPI20Check out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/networkReal Estate Coaching with MPI Coaches: https://masterpassiveincome.com/coaching//BEST REAL ESTATE INVESTING RESOURCE LINKSStart your LLC for only $29! https://masterpassiveincome.com/formanllcGreat High Interest Savings Account: https://masterpassiveincome.com/citGet your business bank account here: https://masterpassiveincome.com/baselaneGet your business credit card with 2% Cash Back with NO FEE! https://masterpassiveincome.com/amexLearn more about Zach and Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com/NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!

If you're interested in early retirement, you have to consider how you will afford life when a paycheck isn't hitting your bank account every other Friday. Of course, my favorite method is investing in the stock market. This provides dividend income and the ability to sell your stocks when you need to but there is another obvious method out there - real estate.I don't know how we've gone 135 episodes without extensively discussing investing in real estate. It may be because it isn't something I currently participate in but it has my attention. When I think about my draw-down method, there is hesitation on what I would do if I felt like we were in a down market and I'm wondering if rental income would give me much-needed stability through my early FI years.So I'm putting some effort into learning about it and if you do the same, there is one educator you will likely run into: Dustin Heiner. Dustin is the Host of Master Passive Income and is on a quest to help one million people get started investing in real estate. He is of course a real estate investor himself and at the age of 37, was able to quit his job because he had enough passive income from his real estate investments.In this episode, we discuss three common mistakes that Dustin wants you to know about before you buy your first property. Our goal in this conversation is to prevent you from making mistakes that Dustin had to learn the hard way early on.So if you're interested in real estate investing, let's get into it. I hope you enjoy my conversation with the father of 5 and successfully unemployed…Dustin Heiner.Key Takeaways:What you should do first before worrying about finding or financing your first propertyRules you can set in place to make your real estate business more passiveHow to estimate the cost of common real estate expensesOne rule to put in place so your property makes you money no matter what happens with the property valueHow to negotiate your offerHow to create passive income through real estateMentions:Free Course: https://masterpassiveincome.com/freecourse/More of Dustin:Website: https://masterpassiveincome.com/dustin-heinerInstagram: https://www.instagram.com/thedustinheiner/More of The Struggle is Real:Find show notes and more at https://www.tsirpodcast.com/Follow us on Instagram at https://www.instagram.com/tsirpod/

Master Passive Income has more ways for you to make passive income and we are bringing you the new podcasts to guide you into success! Check out https://rewbcon.com and get 20% off with MPI20Check out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/networkReal Estate Coaching with Charles and William: https://masterpassiveincome.com/coaching//BEST REAL ESTATE INVESTING RESOURCE LINKSStart your LLC for only $29! https://masterpassiveincome.com/formanllcGreat High Interest Savings Account: https://masterpassiveincome.com/citGet your business bank account here: https://masterpassiveincome.com/baselaneGet your business credit card with 2% Cash Back with NO FEE! https://masterpassiveincome.com/amexSelf Directed IRA for Real Estate Investing: https://masterpassiveincome.com/rocketdollarLearn more about Zach and Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com/NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!

Dustin Heiner is the founder of Master Passive Income, Real Estate Wealth Builders Conference (REWBCON) and Successfully Unemployed. He is a real estate investor who was able to make enough passive income from his business to quit his job when he was 37 years old. Dustin and Dickson discuss real estate investing, the similarities with precious metals passive income, and how to think about price appreciation and income opportunities in the hard assets.

Kim Lisa Taylor, Esq., interviews Dustin Heiner, founder of Master Passive Income, about his system for building lasting wealth with real estate investing.Dustin's expert team teaches beginners how to become successful real estate investors and create their own passive real estate income business from scratch. His ultimate goal is to help you quit your job with real estate investing. Episode at a glance:The primary reasons ordinary people want to invest in real estateWhere should someone start their real estate journeyHow to find properties Strategies for building generational wealthHow to scale

Overview In Episode 13, we unlock the secrets of building wealth through real estate investment. Our expert panelists, Rich Carey, Eric Yu, Crystal Hammond, and Dustin Heiner, bring diverse experiences and perspectives to the table, guiding us through the fundamentals, strategies, and personal stories of success in real estate. Segments Segment 1: Unlocking Wealth: A Beginner's Guide to Real Estate Investment Fundamentals We start with the basics, exploring why real estate is a cornerstone of a diversified portfolio and the key factors that drive successful investments. Segment 2: Mastering Real Estate: Financial Acumen, Risk Assessment, and Due Diligence in Property Selection This segment delves into the art of property selection, emphasizing financial readiness, risk assessment, and the importance of due diligence. Segment 3: Maximizing Wealth with Rental Properties: The Ultimate Guide to Tenant Management Discover the potential of rental properties as a wealth-building tool and learn the best practices for effective tenant management. Segment 4: Unlocking the Potential of REITs: Your Guide to Real Estate Investment Trusts Demystify the concept of REITs and understand how they can play a pivotal role in your investment portfolio. Segment 5: Real Estate Investor Stories: Lessons Learned and the Human Element Hear real-life stories from successful real estate investors, learning from their experiences, challenges, and strategies for building wealth through real estate. Guest Profiles: Rich Carey: A retired military officer, Rich Carey has built a substantial real estate portfolio, owning over 20 properties debt-free. His strategic investments and management skills offer valuable insights into achieving financial independence through real estate. Eric Yu: A real estate agent and investor from Seattle, Eric specializes in house-hacking and Airbnb. His transition from a tech background to real estate investment showcases his adaptability and expertise in the field. Crystal Hammond: An engineer and multifaceted professional, Crystal Hammond is known for her dynamic approach to side hustling, including real estate investing. Her journey from Chicago to co-hosting the podcast Stacking Deeds is a testament to her versatility and entrepreneurial spirit. Dustin Heiner: Founder of Master Passive Income, Dustin Heiner is a seasoned real estate investor from Phoenix, AZ. His journey from a government job to full-time investing and achieving financial independence through rental properties is both inspiring and educational. Join us in Episode 13 as we explore the exciting world of real estate investment. Whether you're looking to start your journey or expand your portfolio, this episode is packed with valuable insights and strategies to help you build and manage your wealth through real estate. Guest Links: Rich Carey: www.youtube.com/richonmoney Eric Yu: www.instagram.com/helloericyu Crystal Hammond: www.stackingdeeds.net Dustin Heiner: www.masterpassiveincome.com

In this power-packed episode, we sit down with the remarkable Dustin Heiner, founder of Master Passive Income, Real Estate Wealth Builders Conference (REWBCON), and Successfully Unemployed. Dustin, a seasoned real estate investor, shares the secrets behind building an automatic 6-figure real estate investing business.  Having achieved financial freedom by generating passive income, Dustin quit his job at 37. Now, through his podcast, YouTube channel, books, courses, and coaching, he empowers others to follow suit. Join us to learn actionable insights and strategies to leverage real estate rental properties for financial independence and live your dream life.   CONNECT WITH THE GUEST Website: https://www.masterpassiveincome.com/                  CONNECT WITH THE HOST Website- https://upstreaminvestor.com/ Facebook- https://www.facebook.com/TwoSmartAssets/ Instagram- https://www.instagram.com/upstreaminv... Twitter- https://twitter.com/twosmartassets LinkedIn- https://www.linkedin.com/company/two-... ----------------------------------------------------------------------------------------------------------------------- Listen, like, subscribe, and comment!

Scaling a business is a big puzzle for many. People in business throw around lots of ideas on how to do it, but figuring out the right way can be tricky. So, what's the best way to grow a business? Join JD and Melissa as they speak with Dustin Heiner about the importance of building the business first. If you're eager to discover actionable strategies, especially in the realm of real estate investing, this conversation is set to provide valuable guidance! Stay tuned!   Here's what to expect on the podcast: Why should you prioritize the building phase of your business before considering scaling? How did Dustin navigate the challenges associated with securing financing for business expansion? What strategies define the right way to scale a business effectively? How did Dustin transition from his job to real estate investing in rental properties? And much more! About Dustin: Dustin Heiner quit his J.O.B. (just over broke) when he was 37 years old by investing full-time in real estate. He is the Founder of Master Passive Income and Successfully Unemployed and become one of the leading real estate rental property experts. Dustin wrote his first book, “How to Quit Your Job with Rental Properties'' which quickly became a bestseller. Then he began helping others on how to start investing in real estate rental properties.   Connect with Dustin Heiner! Website: https://masterpassiveincome.com/ Podcast: https://apple.co/3MzaCnC Instagram: https://www.instagram.com/thedustinheiner/ Real Estate Wealth Builders Conference: https://rewbcon.com/ Get a FREE Real Estate Investing Course: https://masterpassiveincome.com/freecourse   Connect with JD and Melissa! Website: https://therealestatejam.com/  Facebook: https://www.facebook.com/therealestatejam/  Instagram: https://www.instagram.com/therealestatejam/  YouTube: https://www.youtube.com/channel/UCa_CWAV1OvH81yp6fITB4lg Shorefront Investments: https://shorefront-investments.com/  Email: therealestatejam@gmail.com Are you interested in Coaching? Set up a Call with JD: https://mailchi.mp/458f1b418e9e/invest-with-jd.  

Dustin Heiner helps you use your vacation time to your advantage. Episode 2398: Do This With Your Vacation Time From Your Job to Make More Money by Dustin Heiner of Master Passive Income Dustin is the founder of Master Passive Income, Real Estate Wealth Builders Conference (REWBCON) and Successfully Unemployed. He is a real estate investor who was able to make enough passive income from his business to quit his job when he was 37 years old. With his podcast, Youtube channel, books, courses, and coaching, he now helps other people quit their job by investing in real estate rental properties to live their dream life. The original post is located here: https://masterpassiveincome.com/cash-out-vacation-time-accrual  Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Dustin Heiner is the founder of Master Passive Income, Real Estate Wealth Builders Conference (REWBCON), and Successfully Unemployed. He is a real estate investor who could make enough passive income from his business to quit his job when he was 37.With his podcast, Youtube channel, books, courses, and coaching, he now helps other people quit their jobs by investing in real estate rental properties to live their dream lives.In this Live Interview with Dustin, he will talk about how to create a 6-Figure Real Estate Investing Business From Scratch.--To find out more about Dan Rochon and the CPI Community, you can check this link:www.NoBrokeMonths.com --Stop

Ever dreamed about having a lucrative income without the hard work of a regular nine-to-five job? This episode is for you! Join Mon Bina as he talks with Dustin Heiner, Founder of MasterPassiveIncome.com. In this episode, Dustin shares his experience on building and earning from his passive income and how you can start yours, too. For this episode: Learn a mindset change about risk and investment How to start setting up your systems as a passive income investor Have an overview on location and property studies and the reality of taxes Learn how to choose properties Understand how time can be your most valuable resource as an investor About Dustin Heiner: Dustin Heiner is founder of Master Passive Income and the Master Passive Income Podcast where he reveals his real estate investing business and rental property strategies that he used to quit his job at the age of 37. With his books, online courses, personal coaching, he helps many real estate investing students build an automatic business that makes monthly cash flow so they can quit their job and live the dream life. Catch up with Dustin on: Text: RENTAL to 33777 Website: https://masterpassiveincome.com/freecourse Website: https://rewbcon.com 10% OFF Use promo code: PODCAST Instagram: https://instagram.com/thedustinheiner Connect with Mo Bina on: Website: https://www.high-risecapital.com/ YouTube: https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured Instagram: https://www.instagram.com/highrisecapital/ Medium: https://mobina.medium.com/ For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index    

Dustin Heiner talks about the many benefits of an emergency fund. This is part 2 of 2. Episode 936: [Part 2] An Emergency Fund Can Save You from Financial Disaster and Even Grow Your Business by Dustin Heiner Dustin is the founder of Master Passive Income, Real Estate Wealth Builders Conference (REWBCON) and Successfully Unemployed. He is a real estate investor who was able to make enough passive income from his business to quit his job when he was 37 years old. With his podcast, Youtube channel, books, courses, and coaching, he now helps other people quit their job by investing in real estate rental properties to live their dream life. The original post is located here: https://masterpassiveincome.com/emergency-fund  Visit Me Online at OLDPodcast.com  Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Dustin Heiner talks about the many benefits of an emergency fund. This is part 1 of 2. Episode 935: [Part 1] An Emergency Fund Can Save You from Financial Disaster and Even Grow Your Business by Dustin Heiner Dustin is the founder of Master Passive Income, Real Estate Wealth Builders Conference (REWBCON) and Successfully Unemployed. He is a real estate investor who was able to make enough passive income from his business to quit his job when he was 37 years old. With his podcast, Youtube channel, books, courses, and coaching, he now helps other people quit their job by investing in real estate rental properties to live their dream life. The original post is located here: https://masterpassiveincome.com/emergency-fund  Visit Me Online at OLDPodcast.com  Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

While our focus on this show is multifamily investments, there are powerful adjacent ways that individuals can use the lessons we teach to boost their passive income. Returning to the show today is the inspiring Dustin Heiner from Master Passive Income, and he is a great example of how you can create multiple revenue streams that work in the background and bring in money! In our conversation, we get into what drives Dustin, why property managers are the most important piece of his business and a few of the endless ideas out there for profitable enterprises. Dustin underlines the concept of generating income rather than earning it by the hour, bringing in your own creativity, and broadening our minds and horizons to really stretch our potential. So if you want a big dose of inspiration and helpful advice, make sure to tune in today!Key Points From This Episode:Introducing Dustin and his passion for passive income. Dustin talks about his path into investing in real estate and the important books that helped him.Creating perpetual income by looking beyond purely multi-family investments. Systematizing your business and keeping it simple.  Dustin's thoughts on confronting fears, our need to control, and hiring the right people. Looking at other opportunities for passive income; podcasts, YouTube, and books. Tapping into potential, creativity, and new possibilities for passive income!The value of events and investing in the right kind of networking opportunities.  Dustin shares his approach to mindset and his inherent drive.  A lesson from a near-death experience that Dustin had while surfing in California! How and where to connect with Dustin online and at his events.  Links Mentioned in Today's Episode:Dustin Heiner on LinkedInMaster Passive IncomeHow to Quit Your Job with Rental PropertiesThe Master Passive Income Podcast The Successfully Unemployed ShowMaster Passive Income on YouTubeThe Real Estate Wealth Builders ConferenceRich Dad Poor DadThe Richest Man in BabylonVertical Street Ventures VSV Academy VSVCon 2023Passive Income Through Multifamily Real Estate Facebook GroupPeter Pomeroy on LinkedInPeter Pomeroy Email

 A quick preview of Annie's REWBCon speechThe truth behind the Silicon Valley Bank collapseWhy you should diversify your income sources Importance of having liquidity and access to capitalValuable tips and insights for those looking to invest in real estate The Life & Money Show Spotlight:Your Life & Money: What is one thing you're doing to live a meaningful and intentional life by design?Other's Life and Money: What is one life or money hack that you can share that will make an impact in others' lives right now? Life & Money in the World: What's the one thing you're doing right now to make the world a better place? RESOURCES/LINKS MENTIONEDSilicon Valley Bank – What Happened, What It Means, And Lessons For InvestorsWall Street Reform: The Dodd-Frank ActSilicone Valley BankZillow If you want to learn how to invest in real estate, you can get Dustin's investing course for FREE by texting “RENTAL” to 33777 or by visiting https://masterpassiveincome.com/freecourse. If you want to attend our upcoming Real Estate Wealth Builders Conference this May, buy tickets at https://rewbcon.com/ and use the code “ANNIE” for a 10% discount. ABOUT DUSTIN HEINERDustin Heiner founded Master Passive Income, Real Estate Wealth Builders Conference (REWBCON), and Successfully Unemployed. He is a real estate investor who made enough passive income from his business to quit his job when he was 37. With his podcast, Youtube channel, books, courses, and coaching, he now helps other people quit their job by investing in real estate rental properties to live their dream life. CONNECT WITH DUSTINWebsite: Master Passive Income | Real Estate Wealth Builders Conference | Successfully UnemployedPodcast: Master Passive Income Real Estate InvestingLinkedIn: Dustin Heiner CONNECT WITH US To connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join Life and Money Show Podcast Community on Facebook. To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club. Be sure to also grab your free copy of the Investing For Good book (just pay S&H)-- Thanks for listening, and until next time, keep investing for good!