52 min listen
You Can Become Successfully Unemployed With Real Estate-with Dustin Heiner- EP 145
You Can Become Successfully Unemployed With Real Estate-with Dustin Heiner- EP 145
ratings:
Length:
50 minutes
Released:
Dec 21, 2021
Format:
Podcast episode
Description
On this episode of the Lab Coat Agents Podcast, Jeff talks to Dustin Heiner, founder of ‘Master Passive Income. If you take advantage of the opportunity right in front of you, you have an option to sell real estate, which gives you access to properties and the ability to do more than be the listing or buyer’s agent. Wouldn’t you like to be successfully unemployed? Episode Highlights: Jeff asks Dustin, why are you different? Why does what you teach work better than probably all other experts? Dustin started ‘Master Passive Income' after he became successfully unemployed. When he was 37 years old, he quit his job because he had enough rental properties, cash flow, and 30 plus properties. Everyone needs to realize that your value is not in your job. It’s in you. Your boss is only paying you just enough to keep you working without quitting, but not so much that it takes money off their table. What is the tipping point? How many properties or passive income, or how much ROI do you need to have to get to that point where you could say I’m quitting my job? Dustin talks about how he got into buying properties. How did he afford a down payment? How did he go about scaling and building up enough reserves consistently to be able to put down payments? What about strategies related to niching down to the specific area in the town or the city? Does it matter if it’s a beat-up part of town versus a higher-end? Is there a certain rent price point to be looking for? How do you establish all of this stuff? People do not adequately watch videos on having a good property manager. If you don’t have a property manager who will manage your property, you don’t have a business. What are the specifications to be looking for in a property manager? The property manager customer is the landlord, the product is the property, and the tenant is just paying for that. So their customer is not the tenant. But, on the other hand, I am their tenant, so they’re looking to benefit me, says Dustin. We ask questions that lead to helping property managers answer in a way that we want to hear their prior experience. What are the three best markets to invest in right now? There are many other ways to make passive income. Dustin says that real estate is by far the best. Every business he created is a passive income style business from this point forward. Get your finances together, get yourself in a position where you can qualify to buy property, but the most important thing is if you want to follow a strategy, think passive, suggests Jeff. 3 Key Points: Dustin shares his story about how he got over the hurdle of not wanting to work anymore and how he became successfully employed as an investor. Every piece of property you buy is another piece of inventory you put into your business, and that’s how you scale the business. For a realtor who is brand new at investing, What is the most critical thing to focus on before buying a property? Resources Mentioned: Lab Coat Agents | Website | Facebook | Facebook Group | Twitter | Instagram Jeff Pfitzer | Instagram | LinkedIn | Twitter Dustin Heiner | https://www.masterpassiveincome.com/freecourse Get Free Course by texting Rental to 33777 https://www.youtube.com/user/triune51 https://successfullyunemployed.co/podcast RedX (sponsor) Street Text (Sponsor)
Released:
Dec 21, 2021
Format:
Podcast episode
Titles in the series (100)
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