Anderson Business Advisors Podcast

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Real Estate Investors, Stock Traders, and Business Owners guide to preserve their wealth, protect their assets, and prosper in the future.

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Thursday Jun 16, 2022

How to Quit Your Job with Residential Properties

Thursday Jun 16, 2022

Do you dream about real estate investing replacing your active income? Make no longer having to report to an employer every day, being able to sit back, and collecting mailbox money on a monthly basis a reality.

Today, Clint Coons of Anderson Business Advisors talks to Dustin Heiner, founder of Master Passive Income and Successfully Unemployed.

Dustin is a real estate rental property investor who was able to make enough passive income from his business to quit his job when he was 37 years old. With his podcast, books, courses, and coaching, Dustin now helps other people quit their job by investing in real estate rental properties. He is passionate about his mission to help others become successfully unemployed and never need a job again.

Highlights/Topics:

How did Dustin get started in real estate investing? He needed to find a job to make sure he could provide for his family and never have to worry about needing a job again.
What value does Dustin put on himself? Value does not come from your job. Your value is so much more than anybody could ever pay you.
What did Dustin decide to do? Rather than losing money working just over broke (JOB), start a business:
As an investor, what did Dustin focus on? Single-family? Commercial? Residential, it's not single-family homes only. It's four units and below because that's what the IRS classifies. Dustin buys more rental properties that make a minimum amount.
What are ways that Dustin got financing? Conventional mortgage, private money, and portfolio/commercial loans.
Where does Dustin buy homes for $10,000? There are places that have good homes that other people would want to live in—you may not—that are lower in price.
Who are the experts and what does Dustin do to vett them? People that live there on the ground. Seek property managers that you trust, can communicate, and have experience.
What areas is Dustin looking into beyond residential? Syndications, other people that find, buy, and manage multifamily homes, apartment complexes, and hotels.