This post may contain affiliate links. Please read our disclosure to learn more about how we recommend products and services.
Hey friends, I am excited to share a new series that I am launching on the Fiscally Sound blog. If you know me, you know that I am passionate about helping people maximize their earning, savings, and investing by leveraging side hustles. I will be documenting those who have had success in their side hustles and specifically those who help others do the same.
This first interview is with someone who has become a friend. His name is Dustin Heiner and retired early thanks to investing in real estate and he went on to create a course to help people learn how to become real estate investors. I have met lots of people who claim they can teach you how to invest in real estate and Dustin is the REAL DEAL!
Getting to Know You
Name: Dustin Heiner
Title: Founder of Master Passive Income
Hometown: Fresno CA
Current Residence: Phoenix AZ
Favorite Food? Chinese food for sure! 😊
Favorite Vacation Spot? We take many vacations all over the world. In 2018 we went through 11 countries on a 6-week trip. In 2017 we went through Japan for a 6-week trip. Soon we will be traveling the east coast of the USA. This is to say that we don’t have a favorite spot. We LOVE seeing new places and experiencing new things. I don’t think we will go back to any one particular place.
Married / Single / Family? (Optional) Married to an amazing wife and 4 terrific kiddos.
What gets you up in the morning?
Well, since I don’t have a job, what gets me up in the morning is striving to make this day better than the last. I tried to improve myself in my relationships with my family friends and others, try to be as healthy as I can, and try to serve as many people as possible.
What is one thing people would be surprised to know about you?
I quit my job when I was 37 years old. I did this by investing in real estate rental properties and passive income. I have always been an entrepreneurial type of person ever since I was really young. I had a newspaper delivery route when I was 13 years old and never stop trying to work myself since.
I’ve had many jobs in the past and many businesses. I even had a skateboard manufacturing business that I started. Even though I’ve had many jobs in many businesses, real estate is by far the easiest and the most lucrative.
On top of that, the less I work, the more money I make. What I mean is that I have other people doing the business for me while I just sit back and collect the rent checks. I basically have an automatic business that runs itself without me doing any work at all.
It took me nine years to buy enough properties to finally quit my job. The great thing is that because I have passive income and other businesses that make me money, I will never need a job again!
It is the best feeling in the world not having to go to work every day and have your own financial independence.
Getting Down to Business
How would you describe what you do?
I basically have a number of different businesses; the main one is my real estate investing business. This is the company that I have that buys-and-holds the rental properties and makes me money every single month.
After many people, friends and family found out that I was going to quit my job because of my rental properties, they started asking me to help them do the same. So one by one I was teaching and coaching people showing them exactly how to do just what I’ve done.
I quickly realized that I did not have enough time to teach all the people that wanted to learn how to invest in rental properties. This is when I decided to find a way to teach more people at one time and that is why I created Master Passive Income.
This is where I have my articles, courses, real estate podcast and coaching for all my students. This business is a passion of mine which is to help and teach others that there is another way to make money. People don’t need to work a job for 40 years and hope to retire anymore.
With rental property investing, money comes in without you doing any work at all. Your properties you buy do the work for you. Now to manage those properties, I teach all my students how to hire property managers and many other professionals to run business for them.
So now all my time is taken up traveling the world with my family, coaching my real estate investing students, and enjoying my life. I am very blessed to live the dream life and not have a job.
How did you get started in the business?
After working many years at a job realizing that if I didn’t work I did get paid, I knew that I needed to make money in a different way. And that was when I found passive income and how to invest my money to make me even more money.
When I was 27 years old I bought my first rental property. I realized how amazing it was making an extra $300 a month from that one property. After that one property was making me money, I knew I needed to buy as many as I could. So year after year I bought as many as I could until I would have enough money to quit my job.
It did take me six years to replace my income with my rental properties but I waited another three years before actually quit. And that was because I was nervous about getting rid of my paycheck but now that I have, life is amazing!
I realized that I was losing money working for my boss rather than working for myself. Even though I was making $75,000 a year, I was still losing money. Plus I was wasting my life working for somebody else.
Now I will never work for somebody again and I get paid for the value that I bring.
What was your biggest learning lesson along the way?
By far the biggest lesson is getting an education before you start investing. If I were to go back in time I would tell my younger self to find somebody that knows what they’re doing and work with them. That would be some sort of real estate investing coach who has done exactly what I want to do.
I have personally lost $20,000 or as much as $30,000 by not doing the business right. If I would have invested in a real estate investing coach, even just a little bit of money, it would save me thousands and thousands of dollars.
So always, my suggestion is to get an education and get coaching in the business before you start. There is absolutely so much to learn and only if you have a coach what you actually be able to do the business right. If you don’t it’ll cost you, just like a cost me, tens of thousands of dollars.
Were there times when you wanted to give up?
This business in real estate investing is so simple that anyone can do it. The month after I bought my property I was already making money. It wasn’t something that would take years to finally start making money. It literally took one month before I started making money. Now every time I buy a property I make money and my businesses gets bigger and bigger.
What is your best advice for someone looking to get started in this business as a side hustle?
The best advice I can give is to do a few things. Number one, start getting a solid education learning how to do the business. Number two, build the business before you buy a property. Buying the property is the easiest part, the harder part is building the business so that you are successful.
This looks like finding an area the country to invest in, finding property managers who will manage the business and properties, finding real estate agents who will find you properties, and finding all the other people that will be working in your business. Here is a short list of people you will need to find. Contractors, wholesalers, inspectors, roofers, plumbers, electricians, lenders, and real estate agents, among others.
So if you are going to do this business right, you need to make sure that you have the business set up before you buy the property.
How did you know when you were ready to make the transition from side hustle to full time self employment?
It was when I realized that I was losing money by working my job. I was making loads of money in my job but knew that my time is so much more valuable than what they were paying me.
The transition from a full-time job to be a full-time investor is not as hard as you think. The big reason why is you already have your income coming in every single month without you even working.
You already can expect the amount of rents because of your experience with building the business. If it takes you five years to build the business then you have five years of history knowing what type of profit you will be making.
Being an investor is one of the best things you can ever do for yourself. If you do that you will be able to live the life of your dreams and never have to worry about bills again.
What advice would you give to anyone looking to transition from a side hustle to full time self-employment (with this side hustle or any other)?
I would strongly recommend everyone to analyze their income and expenses before they quit their job. Make sure that you have an adequate amount of income to cover your expenses.
Some people can get anxious and quit their job too early. I think that there are people who can and do pull it off because they are tenacious and will make sure that they never have to work a job again.
Most people will revert to going back to what is familiar and easy for them. Which is a job. This is what you don’t want to do. So my suggestion is to build your business large enough to take care of all your expenses every single month before you quit.
What free resources do you offer for anyone looking to get started in your line of work as a side hustle?
I want to give you a real estate investing course that will help you down the path of investing in real estate. It’s a free downloadable PDF that will walk you through the process to becoming an investor. You can find it here:
What programs of courses do you offer that can help them fast track to success in their journey?
I have created a step-by-step system that teaches people how to go from no business or experience or properties to having a fully automatic business making them money every single month.
This is a comprehensive system that will teach you the ins and outs of the business and help you to quit your job because you are now an investor. There is so much to learn that trying to do it on your own, you will lose money just like I did.
This is the fast track to getting your business started.
I also have real estate coaching where I help my students one on one with building their business.
Dustin, thanks SO much for being our first guest on the Side Hustle Spotlight!
If you have ever thought of getting into real estate investing, NOW is your time! If you are ready to jump in and get on the road to earning passive real estate income like Dustin, this will get you started with your education in real estate investing that Dustin says is so critical. I am actually a student of his course and will be expanding once again into real estate investing. I invested in real estate years ago, however, the market is different today so I wanted to learn from someone who is doing it in today’s market. Click here to get Dustin’s Course TODAY!
If you aren’t quite ready to get started, you can certainly get Dustin’s FREE Training to get you started. Click here to get Dustin’s FREE Training!