As you dig into the real estate world, you may discover a huge amount of details you should’ve learned years ago and got frustrated. But stop worrying so much, because as we learn new amazing income hacks each episode, we come across wonderful guests that help us all have a clearer view of what, when and where we should make our first steps to hack our income. Meet Dustin Heiner: A real estate rental property investor who had the capacity to make enough passive income from his business and quit his job when he was 37 years old.
Dustin is the Founder of Master Passive Income, a blog and podcast about investing in real estate rental properties. A husband and father of four children, Dustin supports people who want to quit their jobs and invest in rental properties to achieve their dream lives. Through his courses, programs, videos, articles, and podcasts, Heiner is showing more and more people how to stop being scared of losing money and investing and find good rental property deals.
In this episode, we will learn from Dustin when is the right time to buy rental properties, why this allows you to live from the money your own properties generate and some of his favorite strategies to buy, fix and rent. Plus he shares with us the three steps to get started in rental properties that led him to now own 32 houses. Stay with us to discover how Dustin hacked his income, and the huge importance of teaching your kids the value of money, savings and giving back to generate a positive impact in the future.
“You are worth so much more than anybody could ever pay you.” - Dustin Heiner
Podcast summary:
02:38 - How to live from rental properties and how Dustin now owns 32 houses.
04:51 - Why everyone could get started in real estate investing just by finding the right strategy.
06:54 - The three steps to get started: Clean, Increase and Build.
11:25 - The power of quick wins and to-do lists.
15:41 - Going out there and overcoming fears: out-of-state investment.
19:13 - Why Dustin is not worried about what could happen to the market.
22:44 - From reseller to employee, to investor: Dustin’s first steps as an income hacker.
25:02 - Not knowing things, belonging to the wrong funnels and not getting a coach: Dustin’s biggest mistakes.
27:58 - How to build an empire from scratch by house hacking.
30:48 - How not to raise rich kids, but income hackers: teaching your kids the value of money, the importance of saving, giving back and their roles as providers in their family.
37:19 - 20K properties and tips from Dustin to help you find one.
40:29 - Dustin’s why - ‘I never want to work a job again’.
Connect with Dustin
Connect with Dustin on Linkedin
Follow Master Passive Income on Facebook
Check our Dustin’s FREE Real Estate Investing Starter Guide
Episode Resources
Rich Dad Poor Dad by Robert T. Kiyosaki
The Richest Man in Babylon by George S. Clason
How to Win Friends & Influence People by Dale Carnegie
Want to learn more?
Join Ryan on our next webinar to learn how you can start real estate investing with The Investor's Edge.
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