Looking for a way to create financial freedom for yourself and your family? Real estate investing might be the answer. Join Dustin Heiner, the founder of Master Passive Income and Successfully Unemployed, as he shares his journey from struggling to make ends meet to building a thriving real estate rental business. Discover Dustin's tips for successful real estate investing, including his $250 benchmark for buying properties, the importance of multiple streams of income, and how to use other people's money to make money. Learn the wrong way and the right way to invest in real estate, and find out how to select the right property manager. Plus, don't miss out on Dustin's free real estate investment course and podcast for more valuable insights. Tune in now to Engineer Your Success with Dustin Heiner!
Let's dive in!
Key Highlights:
[00:00 - 06:28] From Working a Job to Becoming Successfully Unemployed and Mastering Passive Income
• Dustin Heiner is the founder of Master Passive Income and successfully unemployed
• Dustin's passive income comes from real estate investing, podcasting, YouTube channel, books, courses, coaching, conferences and other businesses
• The most impactful investment he made was being an entrepreneur since childhood as his dad was one too
[06:29 - 13:07] From Risk-Averse Job to Real Estate Investor
• He started businesses from the ground up but weren't making enough money to quit job
• He learned a little bit of knowledge from a two day seminar
• He wanted to build a business around it to make sure of making money every month
[13:08 - 19:44] Dustin's Journey to Financial Freedom
• He realized the need to replace his income with passive income from real estate investments
• He told himself he was an investor, not just an employee
• He teaches students to aim for $250 a month in passive income from each property
[19:45 - 26:05] How to Vet Property Managers for Maximum Returns
• The wrong way to invest in real estate: find a property, run the numbers, spend thousands of dollars to buy and fix up the property, find a tenant and property manager
• The right way to invest in real estate: build the business first (find experts, contractors, plumbers, roofers, etc.), hire experts before buying any properties
• He utilize other people's money to make money every month from properties
[26:06 - 34:10] the Secrets to Real Estate Investing Success
• Investing is more than just finding and financing properties
• Interview at least 6-10 property managers to find the right fit for your business
• Focus on what you need to get where you want to go
Key Quotes:
"Finding the right property managers is literally hiring quick suggestions." - Dustin Heiner
“People need to know how to manage the property.” - Dustin Heiner
Download our FREE ebook, The Definitive Guide To Passive Real Estate Strategies.
Check out our Multifamily Syndication Group, and sign up for our NEWSLETTER.
Want to invest with us? Schedule a brief call here.
Get in touch: [email protected] and let me know what topics you’d like me to cover or what guests I should have on.
If you like our content, please give us a rating on the platform you’re listening on!