The Master Passive Income business owner, Dustin Heiner, joins the P&B family today. Dustin is a, podcaster, author, real-estate investing coach and a wildly successful real estate investor. Dustin’s journey into real estate began after a lay off from a “secure” corporate office job. At that point he realized that he would never get wealthy working for someone else. He decided he needed to start working toward becoming his own boss.
A weekend real estate seminar on how to buy rental properties inspired Dustin to make his first real estate investment. The key to this seminar was investing for passive income versus investing and hoping for appreciation. The rest is history! Years later, Dustin and his family live off of the passive income generated by his properties while they travel the world.
Show Highlights:
- Not depending on anyone other than yourself to make money
- Setting up the real estate business FIRST, before buying property
- How to hire the right property managers and repairmen
- Getting business referrals and clients through networking
- Why “location, location, location” is not always true in real estate
- Don’t limit yourself to only investing in local real estate in your region when investing around the country may be cheaper and smarter
- Why Dustin now only works 30 minutes a month
- Investing for passive income NOT appreciation
- Pricing your rents slightly below average
- How to exploit seller financing opportunities
- Why not all debt is created equal (Dustin even bought a house on a credit card once!) I’m sure many landlords would consider looking at property at websites similar to Roofstock to acquire streamlined investment property.
Mentioned on This Week’s Show
- FOR THE P&B FAMILY – Get Your Free Course Today: masterpassiveincome.com/freecourse
- We read 15 of the Best Personal Finance Books, so you don’t have to! See the action items that will make you rich from Rich Dad, Poor Dad and many more: paychecksandbalances.com/books
- #AskPB: When Should I Withdraw Money From My 401k?
- PB48: Renting vs. Buying with Kirk Chisholm
- Follow Dustin Heiner
- Website: masterpassiveincome.com
- Facebook: facebook.com/MasterPassiveInc
- Instagram: instagram.com/thedustinheiner
- Youtube: youtube.com/c/masterpassiveincom
This Week’s Sponsor
- Babel – the language learning app that will get you speaking a new language with confidence. You can try Babbel for free. Go to Babbel.com or download the app and try it for free!
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Our Favorite Tools This Week
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Break the Paycheck-to-Paycheck Cycle
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Side Hustles and Passive Income
- How to Start a Blog – Michelle Schroeder-Gardner is the self-made millionaire behind MakingSenseOfCents.com who credits finding her purpose and sharing her story through blog writing for her personal and financial success. With her easy-to-follow course, you can be up and running a blog in less than a day!
- Making Sense of Affiliate Marketing – Over 50-percent of Michelle’s How I Made Over $1,500,000 In 2018 revenue comes directly from successful affiliate marketing.
- Making Sense of Sponsored Posts – You can also quickly learn how she made her first blogging income, and how she now makes $10,000 – $20,000 a month with sponsored partnerships.
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