--- title: How to Live From Rental Properties description: "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. " image: https://www.theinvestorsedge.com/hubfs/Blog%20Media/ForRent.jpg --- [Skip to content](https://www.theinvestorsedge.com/incomehacker/how-to-live-from-rental-properties#main-content) [ Close ](https://www.theinvestorsedge.com/incomehacker/how-to-live-from-rental-properties#) - Courses - House Flipping - [Find Fund Flip System For Houses](https://www.theinvestorsedge.com/find-fund-flip-system) - Land Flipping - [Find Fund Flip System For Land](https://www.theinvestorsedge.com/land-flipping) - Software - Tools & Automation - [The Investor's Edge Software](https://www.theinvestorsedge.com/real-estate-investment-software/investors-edge/) - [Proof of Funds](https://www.theinvestorsedge.com/real-estate-investment-software/proof-of-funds) - [Next Property Roadmap](https://www.theinvestorsedge.com/real-estate-investment-software/next-property-roadmap) - [Mortgage Rate Historical Chart](https://www.theinvestorsedge.com/mortgage-rate-historical-chart) - [Median Sales Price Historical Chart](https://www.theinvestorsedge.com/median-sales-price-sold-historical-chart) - [Median Monthly Rents Chart](https://www.theinvestorsedge.com/median-monthly-rents-chart) - Calculators - [Advanced Deal Analyzer](https://www.theinvestorsedge.com/real-estate-investing-calculators/advanced-deal-analyzer) - [ARV Calculator & Property Value Analysis](https://www.theinvestorsedge.com/real-estate-investing-calculators/arv-calculator) - [Mortgage Calculator](https://www.theinvestorsedge.com/mortgage-calculator) - [Early Mortgage Payoff Calculator](https://www.theinvestorsedge.com/early-mortgage-payoff-calculator) - [Amortization Calculator](https://www.theinvestorsedge.com/amortization-calculator) - Funding - Funding with The Investor's Edge - [Funding Your Next Flip](https://www.theinvestorsedge.com/funding) - [Our Funding Process](https://www.theinvestorsedge.com/our-funding-process) - [Where We Lend](https://www.theinvestorsedge.com/where-we-lend) - [Why Off-Market Properties](https://www.theinvestorsedge.com/off-market-properties) - Financing Options - [Hard Money Loans](https://www.theinvestorsedge.com/hard-money-loans) - [Gap Financing Ideas](https://www.theinvestorsedge.com/hard-money-loans/gap-financing) - About Us - About The Investor's Edge - [About Us](https://www.theinvestorsedge.com/about-us) - [How We're Different](https://www.theinvestorsedge.com/about-us/how-were-different) - What Our Members Are Saying - [Reviews and Success Stories](https://www.theinvestorsedge.com/about-us/reviews) - [Recent Fix & Flip Rehabs](https://www.theinvestorsedge.com/rehabs) - Investing 101 - Start Here - [Real Estate Investing For Beginners](https://www.theinvestorsedge.com/real-estate-investing-for-beginners) - Finding Properties - [Our Finding Process](https://www.theinvestorsedge.com/our-finding-process) - [Find Motivated Sellers](https://www.theinvestorsedge.com/find-sellers) - [Market to Motivated Sellers](https://www.theinvestorsedge.com/market-to-motivated-property-sellers) - Buying Properties - [Calculate After Repair Value](https://www.theinvestorsedge.com/calculate-after-repair-value) - [Estimate Rehab Costs](https://www.theinvestorsedge.com/estimate-rehab-costs) - [Calculate Profits](https://www.theinvestorsedge.com/calculate-profits) - [Negotiate Offers](https://www.theinvestorsedge.com/negotiate-offers) - Wholesale Properties - [Find Cash Buyers](https://www.theinvestorsedge.com/sell-properties/find-cash-buyers) - Investing Strategies - [Fixing & Flipping Houses](https://www.theinvestorsedge.com/fixing-and-flipping-houses) - [Wholesale Real Estate](https://www.theinvestorsedge.com/wholesale-real-estate) - [BRRR Method](https://www.theinvestorsedge.com/brrr-method) - [Blog](https://www.theinvestorsedge.com/blog) - [Podcast](https://www.theinvestorsedge.com/incomehacker) [ MEMBER LOGIN: ](https://app.theinvestorsedge.com/authentication/login) [ SEARCH ](https://www.theinvestorsedge.com/incomehacker/how-to-live-from-rental-properties#) [ CONTACT US: ](https://www.theinvestorsedge.com/incomehacker/how-to-live-from-rental-properties#) CALL US: [(801) 396-9772](tel:+18013969772) [![New-InvestorsEdgeLogo-ForDark-257x100](https://www.theinvestorsedge.com/hs-fs/hubfs/A%20-%20Logos/New%20Logo/New-InvestorsEdgeLogo-ForDark-257x100.png?width=167&height=65&name=New-InvestorsEdgeLogo-ForDark-257x100.png)![New-TheInvestorsEdgeLogo-ForLight-257x100-1](https://www.theinvestorsedge.com/hs-fs/hubfs/Logos/New%20Logo/New-TheInvestorsEdgeLogo-ForLight-257x100-1.png?width=167&height=65&name=New-TheInvestorsEdgeLogo-ForLight-257x100-1.png)](https://www.theinvestorsedge.com) - Courses - House Flipping - [Find Fund Flip System For Houses](https://www.theinvestorsedge.com/find-fund-flip-system) - Land Flipping - [Find Fund Flip System For Land](https://www.theinvestorsedge.com/land-flipping) - Software - Tools & Automation - [The Investor's Edge Software](https://www.theinvestorsedge.com/real-estate-investment-software/investors-edge/) - [Proof of Funds](https://www.theinvestorsedge.com/real-estate-investment-software/proof-of-funds) - [Next Property Roadmap](https://www.theinvestorsedge.com/real-estate-investment-software/next-property-roadmap) - [Mortgage Rate Historical Chart](https://www.theinvestorsedge.com/mortgage-rate-historical-chart) - [Median Sales Price Historical Chart](https://www.theinvestorsedge.com/median-sales-price-sold-historical-chart) - [Median Monthly Rents Chart](https://www.theinvestorsedge.com/median-monthly-rents-chart) - Calculators - [Advanced Deal Analyzer](https://www.theinvestorsedge.com/real-estate-investing-calculators/advanced-deal-analyzer) - [ARV Calculator & Property Value Analysis](https://www.theinvestorsedge.com/real-estate-investing-calculators/arv-calculator) - [Mortgage Calculator](https://www.theinvestorsedge.com/mortgage-calculator) - [Early Mortgage Payoff Calculator](https://www.theinvestorsedge.com/early-mortgage-payoff-calculator) - [Amortization Calculator](https://www.theinvestorsedge.com/amortization-calculator) - Funding - Funding with The Investor's Edge - [Funding Your Next Flip](https://www.theinvestorsedge.com/funding) - [Our Funding Process](https://www.theinvestorsedge.com/our-funding-process) - [Where We Lend](https://www.theinvestorsedge.com/where-we-lend) - [Why Off-Market Properties](https://www.theinvestorsedge.com/off-market-properties) - Financing Options - [Hard Money Loans](https://www.theinvestorsedge.com/hard-money-loans) - [Gap Financing Ideas](https://www.theinvestorsedge.com/hard-money-loans/gap-financing) - About Us - About The Investor's Edge - [About Us](https://www.theinvestorsedge.com/about-us) - [How We're Different](https://www.theinvestorsedge.com/about-us/how-were-different) - What Our Members Are Saying - [Reviews and Success Stories](https://www.theinvestorsedge.com/about-us/reviews) - [Recent Fix & Flip Rehabs](https://www.theinvestorsedge.com/rehabs) - Investing 101 - Start Here - [Real Estate Investing For Beginners](https://www.theinvestorsedge.com/real-estate-investing-for-beginners) - Finding Properties - [Our Finding Process](https://www.theinvestorsedge.com/our-finding-process) - [Find Motivated Sellers](https://www.theinvestorsedge.com/find-sellers) - [Market to Motivated Sellers](https://www.theinvestorsedge.com/market-to-motivated-property-sellers) - Buying Properties - [Calculate After Repair Value](https://www.theinvestorsedge.com/calculate-after-repair-value) - [Estimate Rehab Costs](https://www.theinvestorsedge.com/estimate-rehab-costs) - [Calculate Profits](https://www.theinvestorsedge.com/calculate-profits) - [Negotiate Offers](https://www.theinvestorsedge.com/negotiate-offers) - Wholesale Properties - [Find Cash Buyers](https://www.theinvestorsedge.com/sell-properties/find-cash-buyers) - Investing Strategies - [Fixing & Flipping Houses](https://www.theinvestorsedge.com/fixing-and-flipping-houses) - [Wholesale Real Estate](https://www.theinvestorsedge.com/wholesale-real-estate) - [BRRR Method](https://www.theinvestorsedge.com/brrr-method) - [Blog](https://www.theinvestorsedge.com/blog) - [Podcast](https://www.theinvestorsedge.com/incomehacker) CALL US: [(801) 396-9772](tel:+18013969772) Search Suggestions ![How to Live From Rental Properties](https://www.theinvestorsedge.com/hs-fs/hubfs/Blog%20Media/ForRent.jpg?width=300&name=ForRent.jpg) Dec 2, 2019 1:28:00 PM # How to Live From Rental Properties [Previous ](https://www.theinvestorsedge.com/incomehacker/reach-unique-and-tailored-financial-goals) [Next ](https://www.theinvestorsedge.com/incomehacker/wholesaling-from-zero-to-2-million) - [Tweet](https://twitter.com/share) ## Listen to Episode 37: 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** [Follow Dustin on Instagram](https://www.instagram.com/thedustinheiner/?hl=es-la)  [Follow Dustin on Twitter](https://twitter.com/mpidustinheiner?lang=es) [Connect with Dustin on Linkedin](https://www.linkedin.com/in/dustinheiner/) [Follow Master Passive Income on Facebook](https://www.facebook.com/MasterPassiveInc/) [Check our Dustin’s FREE Real Estate Investing Starter Guide](https://www.masterpassiveincome.com/free-real-estate-investing-starter-guide)   **Episode Resources** [Rich Dad Poor Dad](https://www.amazon.com/Rich-Dad-Poor-Teach-Middle-ebook/dp/B0175P82RA) by Robert T. Kiyosaki [The Richest Man in Babylon](https://www.amazon.com/George-S-Clason-ebook/dp/B07H7HN6DN/ref=sr_1_1?__mk_es_US=%C3%85M%C3%85%C5%BD%C3%95%C3%91&crid=386IHYYEQFUDN&keywords=the+richest+man+in+babylon&qid=1574101292&s=digital-text&sprefix=the+richest+%2Cdigital-text%2C199&sr=1-1) by George S. Clason [How to Win Friends & Influence People](https://www.amazon.com/dp/B0006IU7JK/ref=sr_1_1?__mk_es_US=%C3%85M%C3%85%C5%BD%C3%95%C3%91&keywords=How+To+Make+Friends+And+Influence+People&qid=1574101338&s=digital-text&sr=1-1) by Dale Carnegie [Evernote](https://evernote.com/)   Want to learn more? Join Ryan on our next webinar to learn how you can start real estate investing with The Investor's Edge. [![Learn More - Attend Our Next Webinar](https://no-cache.hubspot.com/cta/default/23711988/17584397-0a87-4eac-9f6e-804ef02c9b6b.png)](https://cta-redirect.hubspot.com/cta/redirect/23711988/17584397-0a87-4eac-9f6e-804ef02c9b6b) ![avatar](https://23711988.fs1.hubspotusercontent-na1.net/hub/23711988/hubfs/RyanGWright-Headshot.jpg?width=290&name=RyanGWright-Headshot.jpg) [Ryan G. Wright ](https://www.theinvestorsedge.com/incomehacker/author/ryan-g-wright)Ryan became a multimillionaire before the age of 30 through a combination of real estate investing and a passion for personal finance. He hates Wall Street, loves personal margin, and advocates for everyone to take control of their finances themselves - all of which he talks about on the Income Hacker podcast. COMMENTS ## RELATED ARTICLES USEFUL LINKS: --- - [FAQs](https://www.theinvestorsedge.com/faq) - [Areas Served](https://www.theinvestorsedge.com/areas-served) - [Terms of Use](https://www.theinvestorsedge.com/terms-of-use) - [Privacy Policy](https://www.theinvestorsedge.com/terms-of-use/privacy-policy) - [AI Info](https://www.theinvestorsedge.com/ai-info-page) OTHER RESOURCES --- - [Referral Program](https://www.theinvestorsedge.com/referrals) - [Become A Hard Money Lender](https://www.theinvestorsedge.com/become-a-hard-money-lender) - [Careers](https://www.theinvestorsedge.com/careers) - [Member Login](https://app.theinvestorsedge.com/authentication/login) - [Contact Us](https://www.theinvestorsedge.com/contact) [![New-InvestorsEdgeLogo-ForDark-257x100](https://23711988.fs1.hubspotusercontent-na1.net/hub/23711988/hubfs/A%20-%20Logos/New%20Logo/New-InvestorsEdgeLogo-ForDark-257x100.png?width=150&name=New-InvestorsEdgeLogo-ForDark-257x100.png)](https://www.theinvestorsedge.com) Keep the conversation going. Connect with us on Social Media: Copyright © 2025 TheInvestorsEdge.com All Rights Reserved ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "abstract" : "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.", "author" : { "@type" : "Person", "name" : "Ryan G. Wright" }, "dateModified" : "", "datePublished" : "", "headline" : "How to Live From Rental Properties", "image" : "https://23711988.fs1.hubspotusercontent-na1.net/hubfs/23711988/Blog%20Media/ForRent.jpg", "inLanguage" : "en", "keywords" : "[Income Hacker - Podcast Episodes, Income, House, Wholesaling]", "mainEntityOfPage" : { "@type" : "WebPage" }, "name" : "How to Live From Rental Properties", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://23711988.fs1.hubspotusercontent-na1.net/hubfs/23711988/Logos/New%20Logo/New-TheInvestorsEdgeLogo-ForLight-257x100-1.png" }, "name" : "The Investor's Edge" }, "text" : "Listen to Episode 37: 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 Follow Dustin on Instagram Follow Dustin on Twitter 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 Evernote Want to learn more? Join Ryan on our next webinar to learn how you can start real estate investing with The Investor's Edge.", "url" : "https://www.theinvestorsedge.com/incomehacker/how-to-live-from-rental-properties", "wordCount" : "1581" } ``` ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Ryan G. Wright", "url" : "https://www.theinvestorsedge.com/incomehacker/author/ryan-g-wright" }, "dateModified" : "2023-10-13T17:28:44.600Z", "datePublished" : "2019-12-02T18:28:00.000Z", "headline" : "How to Live From Rental Properties", "image" : [ "https://www.theinvestorsedge.com/hubfs/Blog%20Media/ForRent.jpg" ], "mainEntityOfPage" : { "@id" : "https://www.theinvestorsedge.com/incomehacker/how-to-live-from-rental-properties", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.theinvestorsedge.com/hubfs/Logos/New%20Logo/New-TheInvestorsEdgeLogo-ForLight-257x100-1.png" }, "name" : "The Investor's Edge" } } ``` ```json { "@context" : "https://schema.org", "@id" : "https://www.theinvestorsedge.com/#organization", "@type" : "Organization", "address" : { "@type" : "PostalAddress", "addressCountry" : "US", "addressLocality" : "West Jordan", "addressRegion" : "UT", "postalCode" : "84088", "streetAddress" : "8846 S Redwood Road C221" }, "alternateName" : [ "TheInvestorsEdge.com", "DoHardMoney.com", "Do Hard Money", "DHM Industries" ], "areaServed" : { "@type" : "Country", "name" : "United States" }, "contactPoint" : [ { "@type" : "ContactPoint", "areaServed" : "US", "availableLanguage" : "English", "contactType" : "customer service", "email" : "questions@theinvestorsedge.com", "telephone" : "+1-801-692-7678" } ], "description" : "The Investor's Edge is a real estate investing company that combines proprietary deal-finding software, education, and equity-based funding into one Find-Fund-Flip system. It funds up to 100% of qualifying deals and helps both first-time and experienced investors flip houses and land in 45 U.S. states. Formerly DoHardMoney.com; rebranded in 2023.", "founder" : { "@type" : "Person", "jobTitle" : "Founder & CEO", "name" : "Ryan G. Wright" }, "foundingDate" : "2006", "knowsAbout" : [ "Real estate investing", "Fix and flip", "Hard money loans", "Land flipping", "BRRR method", "Wholesaling houses", "Off-market real estate deals" ], "legalName" : "DHM Industries, Inc.", "logo" : "https://www.theinvestorsedge.com/hubfs/Logos/New%20Logo/TheInvestorsEdge-NewLogo-Social-300x175.jpg", "mainEntityOfPage" : "https://www.theinvestorsedge.com/ai-info-page/", "name" : "The Investor's Edge", "sameAs" : [ "https://www.linkedin.com/company/theinvestorsedge", "https://www.youtube.com/@theinvestorsedge", "https://www.instagram.com/theinvestorsedgerei/", "https://www.facebook.com/theinvestorsedgerei", "https://twitter.com/InvestorsEdge_", "https://www.bbb.org/us/ut/west-jordan/profile/real-estate-investing/theinvestorsedgecom-1166-22167211" ], "slogan" : "Find, Fund, and Flip Real Estate", "url" : "https://www.theinvestorsedge.com" } ``` ```json { "@context" : "https://schema.org", "@type" : "FAQPage", "mainEntity" : [ { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Yes. In 2023, DoHardMoney.com was rebranded to TheInvestorsEdge.com. The company had outgrown hard money lending alone, since it now offers educational courses, proprietary deal-finding software, and expert support in addition to funding." }, "name" : "Is DoHardMoney.com the same as TheInvestorsEdge.com?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "No. The education, software, funding, and systems are built to walk a member through their first flip with no prior experience." }, "name" : "Do I need experience in real estate investing to work with The Investor's Edge?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "The Investor's Edge recommends having around $10,000 or more for flexibility in closing deals. Deals with substantial equity can qualify for up to 100% funding, meaning qualifying deals can close with $0 in closing costs. The Find-Fund-Flip system also teaches additional ways to close with less than $8,000 of the member's own money." }, "name" : "How much money do I need to get started?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Traditional lenders evaluate the borrower's credit, income, and debt. The Investor's Edge evaluates the deal itself, lends against After Repair Value (ARV), funds faster, and works with rundown properties that conventional loans won't touch. Funding is equity-based and structured as a joint venture." }, "name" : "How is The Investor's Edge funding different from a bank loan?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "The Investor's Edge serves real estate investors in 45 of 50 U.S. states, with custom funding terms by region. Membership is not currently offered in California, Nevada, Utah, Alaska, or Hawaii due to legal constraints." }, "name" : "What areas does The Investor's Edge serve?" } ] } ```