The Mental Wealth Show with Rich Jones artwork

Mastering Passive Income Through Real Estate ft. Dustin Heiner of Master Passive Income - PB140

The Mental Wealth Show with Rich Jones

English - September 17, 2019 04:00 - 48 minutes - 33.3 MB - ★★★★★ - 977 ratings
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Previous Episode: Pursuing Financial Independence ft. Mr. and Mrs. Rich and Regular - PB139
Next Episode: Out of a Job and Into a Surprising Industry ft. Ken Carfagno - PB141

The Master Passive Income business owner, Dustin Heiner joins the P&B family today. Dustin is a podcaster, author, real-estate investing coach and a wildly successful real estate investor. Dustin’s journey into real estate began after getting laid off from a corporate office job. At that point he realized that he would never get wealthy working for someone else, so he began working hard toward being his own boss.

A weekend real estate seminar on how to buy rental properties inspired Dustin to make his first real estate investment. The key to this seminar was investing for passive income, not appreciation. The rest is history. Now, years later, Dustin and his family live off of the passive income his properties produce and they travel the world together.

 

Highlights:

Not depending on anyone other than yourself to make money Setting up the real estate business FIRST, before buying property, i.e. hiring property managers and repairmen Getting business referrals and clients through networking events Why “location, location, location” is not always true in real estate Investing in the Midwest because it’s cheaper Working only 30 minutes a month Investing for passive income NOT appreciation Pricing your rents slightly below average Seller financing Buying a house on a credit card

 

The Takeaway:

When you’re investing in real estate for passive income rather than appreciation, you have fixed costs, which allows you to predict your profit every month.

 

Resources:

Paybal.co/learn - We help millennials make money, save money and get out of debt.

 

Paychecks & Balances

Website: https://paychecksandbalances.com/

Instagram: https://www.instagram.com/paybalances/

Facebook: https://www.facebook.com/paychecksandbalances/

Twitter: https://twitter.com/PayBalances

 

Dustin Heiner

Website: https://www.masterpassiveincome.com/

Facebook: https://www.facebook.com/MasterPassiveInc/

Instagram: https://www.instagram.com/thedustinheiner/

Youtube: https://www.youtube.com/c/masterpassiveincome

 

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