Guest Dustin Heiner brings a new spin to the old analogy: “Teach your students how to fish, because you can duplicate it over and over in as many cities as you want.”
After getting laid off and facing the terrifyingly unclear future of caring for his family, Dustin decided to become an investor. In 6 years, he expanded from one to over 30 properties, each of which are making him $250-400 a month.
His mission today is to help as many people as he can to learn how to invest properly so they can obtain financial freedom. One of the most important components to understand: It’s not YOUR job to become an expert in the location you’re investing in. If you want to work 30 minutes a month, it’s about finding the REAL experts of the area and hiring them on–teaching your fish–to manage your business.
Each property owns inventory. You don’t open an empty convenience store and set out a box of candy bars–the same goes for real estate. Build each business BEFORE you buy the inventory so that you know exactly who will be managing, financing, and repairing your property ahead of time.
Gain the full explanation and more of Dustin’s first-hand insights on this episode of The Prosperity Perspective podcast.
3 Key Takeaways
Resources
Text RENTAL to 33777 for a FREE course on investing
masterpassiveincome.com/freecourse for a FREE course
Podcast: Master Passive Income
Instagram: @thedustinheiner
About Dustin Heiner
Dustin Heiner is the founder of Master Passive Income, Real Estate Wealth Builders Conference (REWBCON) and Successfully Unemployed.
He is a real estate 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, Youtube channel, books, courses, and coaching, he now helps other people quit their job by investing in real estate rental properties to live the dream life.