Description

Dustin Heiner is a real estate investing expert and Founder of MasterPassiveIncome.com. Being Successfully Unemployed at 37 years old by investing in real estate rental properties, he is now on a mission to help everyone to quit their job and never have a job again. He also helps his students build successful real estate investing businesses all over the country. Dustin started MasterPassiveIncome.com from his home in 2015, while being a full-time employee, married with 4 children, owning and operating 2 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.

In 2015, Dustin wrote his first book, “How to Quit Your Job with Rental Properties” which quickly became a best seller. From there, he began his new business helping others to invest in rental properties to quit their job.

Since then, Dustin Heiner has helped countless numbers of others to start investing in real estate rental properties. Even if his students live in very expensive cities, he shows them how they can invest all over the country.

In this episode, Dustin shares his story of how he went from working for the local county government to building a successful real estate business that ultimately allowed him to become financially independent and successfully unemployed. He explains the importance of taking consistent action toward one’s goals in order to turn dreams into reality, and how his epiphany motivated him to pursue intelligent hands-off real estate investing. He outlines the steps he took to build a rental business with 30-plus properties, including identifying cities with good inventory, screening tenants for long-term occupancy, accounting for vacancy and turnover, and scaling the business. To learn more about Dustin, listeners can visit his website at MAG Capital Partners!

[00:01 - 02:13] Opening Segment

• Dustin shares his story of how he got into real estate investing
• He was able to quit his job after buying enough rental properties that him $250 or more in passive income  

[02:149 - 17:27] Taking Control Of Your Financial Future

• Realizing that he needed to get another job and become an investor
• How he realized his value came from himself, God, and family, not his job
• His layoff experience was the catalyst for him to take control of his life and financial security
• How he mastered passive income by buying one rental property
• Creating generational wealth with 30+ properties
• Built the business first, then bought inventory (properties)
• Focusing on cash flow, not appreciation

[17:28 - 28:46] Building A Successful Real Estate Business

• Find a city with good inventory and pause to look for properties
• Build the business first before finding the property manager, financing, and people to fix it up
• Screen tenants for good credit, no evictions, and longevity
• Financing options include:
• Conventional loans
• Commercial loans
• Bundled loans
• Portfolio loans
• Hard money
• Signature loans
• Credit cards
• Asking property manager questions about rental price, fix-up cost, clientele, and vacancy factor before buying

[28:47- 36:33] Closing Segment

• Dustin points out that his goal is to help 1 million people become financially independent through any different way  
• Dustin shares where you can get in contact with him (links below)

Quote/s:

“I built the business first, and then I have my business run itself, so I don't have to do anything.” – Dustin Heiner

You can connect with Dustin through him: 

Website: Master Passive Income

Facebook: Master Passive Income

Instagram: Master Passive Income

YouTube: Master Passive Income

Spotify: Master Passive Income

WANT TO LEARN MORE?

Connect with me through LinkedIn

Or send me an email at sujata@luxe-cap.com

Visit my website www.luxe-cap.com or my YouTube channel

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