The Power of Passive Income with Dustin Heiner
Flipping Out
English - February 03, 2022 17:33 - 49 minutes - 45 MB - ★★★★★ - 16 ratingsInvesting Business Education Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Do you have a passive income? You earn some cash without having to work on it. That feels nice. Today, my friend Dustin Heiner and I will talk about the power of passive income.
Dustin is a renowned real estate entrepreneur focusing on rental properties. The idea of investing in this space came to him after getting laid off from a county government job. In this episode, he shares his story, how he turned to rental property as a source of passive income, and the steps he uses, plus advice to investors seeking to try their hand in this field.
Tune in.
Key Talking Points of the Episode
[01:29] Dustin background story
[07:11] two things Dustin realized after being laid off.
[10:08] How lay of turned into a blessing for Dustin
[14:05] Why did Dustin choose the rental property route over the fix and flip.
[18:23] Step by step advice on succeeding in rental property investment
[23:56] Six ways that Dustin make money through rental properties
[26:24] Dustin’s real estate investing free course
[30:32] Why rental property investment is recession-proof
[35:21]Importance of having a property manager to work on your rental investments
[40:27] New markets that Dustin is learning about and have an interest in
[44:12] Book than inspired Dustin to invest in rental property
[47:27] Dustin’s best quote
Standing out Quotes from the Episode:
“This is the government. Nobody gets laid off or fired by the government. But I did.”
“You must realize that your value is not in your job. Your boss can never pay you what your true value is. They're only paying you enough to keep you working without quitting, but not so much money that takes money out of your pocket.”
“You cannot pass down your job to your kids. But you can pass down your businesses.”
“The reason why we scale our business easily is because we make sure that we build a business first.”
“I bought so many properties of people who want to be landlords or accidental landlords who had a property that they rented out and got fed up.”
“When is the best time to plant a tree? It was 20 years ago. The next best time is today.”
Resources Mentioned in the Episode:
Robert T. Kiyosaki: Rich Dad Poor Dad
George S. Clason: Richest Man in Babylon
Connect with Dustin