$15,000 a month for 30 minutes of work? The passive income dream is real for Dustin Heiner.
Dustin achieved this by following a systematic approach to buying homes and renting them out.
He started with his first property back in 2006. Within 6 years he had 19 properties, and within 9 years he had 26 properties and had retired from his day job at the age of 37.
Today he has more than 30 properties bringing in (mostly) passive income supporting him and his family.
Dustin is a serial side hustler, but once he realized the benefit of getting paid over and over again for work he did once – he doubled down on real estate.
Tune in to hear Dustin talk through:
- His approach to property sourcing
- The 6 ways he makes money with rental properties
- How he’s been able to grow his portfolio so quickly
- His advice for those looking to replicate his success
Free Bonus: Dustin’s Top Tips for Finding and Buying Rental Properties
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Learn:
- Why Dustin decided to get into rental property investing.
- How he’s finding properties returning at least $250 per month in profit.
- His tips for someone looking to start in a real estate side hustle.
- Why he tells his students to build a business before buying their first property.
- How he’s built a team to run his business and now spends just 30 minutes a month managing his 30+ rentals.
- The 6 different ways you can make money with rental properties.
- How Dustin is finding great deals right now.
- What’s next for Dustin.
- Dustin’s #1 tip for Side Hustle Nation.
Links / Next Steps
- MasterPassiveIncome.com
- Successfully Unemployed Podcast
- Dustin’s rental property calculator
- Zillow
- Roofstock
- Memphis Invest
- Episode 292: Free Houses with Austin Miller
- Alternative investment platforms
- The best side hustles for men
- Side hustles for retirees
Download the Free PDF "Highlight Reel" from this Episode
With all of my guest's top tips and resources included.
Enter your email to access it now:
Success! You just unlocked the highlight reel from this episode ... AND over 200 other subscriber-only bonuses. Check your email for details :)
(If it doesn't show up in 5-10 minutes, check spam/promotions.)
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Hey Dustin,
My entire family invests in single family homes, property, and notes.
We are dying over here with the new “you don’t have to pay your rent” by the Texas Governor (and I think feds.)
This even effects our free and clear (no mortgage) homes, because we count on that income.
Since I can’t remember if the order is at a state or Federal level, how are you holding up?
Darlene
Hi Darlene!
Great to meet you! We too live on our income from the properties and it is absolutely unprecedented what is going on right now.
My properties are about 95% occupied and they are paying rent well. I may have 2 properties that are paying late but most are paying fine.
I have properties in Texas and my tenants are paying fine. As far as I know, there are no Federal or State wide policies for rent especially in Texas. If you have found something stating they don’t have to pay rent, please let me know. That would certainly be good to know.
The only thing I’ve encountered is City’s not allowing evictions. It would be crazy to say “you don’t have to pay for rent” and would be just like saying “you don’t have to pay for the food you eat.”
So, get back to me with what you have found.
What I have been doing is being flexible with my tenants. If they cannot pay, I make sure I inform them the rent is still due but we can defer it out over the rest of the year, or something like that.
I know Texas is opening up which is a good thing for us. Hopefully we can get behind this soon.
Thanks for your questions!
Hey Nick!
This episode was super inspiring and I just wanted to shout it out. Suddenly I’m looking at property in other states, and crunching the number of my teeny tiny 401k (that I started too late) and comparing it to how many properties we could buy in twenty years. I’m 46 now and 20 (more) years of a small 401k doesn’t make much sense. A fairy godmother would be great.
Keep the hustle strong and healthy.
Samantha
Thanks Samantha! Keep us posted :)
Very interesting podcast, glad you included the out of state piece, as an Aussie I may look at buying property over there as entry prices here start from 300k+. Currently there appears to be no barriers to overseas buyers, are there any watch outs to be aware of?
thanks
matt.
Excellent episode Nick!