June 24, 2025 • 44 mins
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This podcast elucidates the pragmatic approach to investing in real estate while concurrently managing a full-time job and personal responsibilities. Our primary focus centers on the viability of achieving financial independence through strategic real estate investments, regardless of one's existing commitments. I, along with my experiences and insights, endeavor to illustrate that it is indeed feasible to cultivate a portfolio of properties, even amidst the demands of a busy life, as evidenced by my own journey while raising five children. Throughout the episode, we will explore various methodologies and strategies that facilitate the investment process, emphasizing the importance of mindset, financial acumen, and effective time management. Ultimately, we aim to empower our listeners to embrace the path toward financial autonomy through real estate investment, thereby enabling a life free from the constraints of conventional employment.
Takeaways:
- Investing in real estate can be successfully achieved even while maintaining a full-time job.
- Establishing a strong mindset as a real estate investor is essential for success.
- It is crucial to utilize your full-time job as a means to fund your real estate investments.
- Building a robust team of professionals can significantly enhance your real estate investment efforts.
Links referenced in this episode:
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Foreign.
You're listening to the MasterPassive Income Podcast Network.
Welcome to the Master PassiveIncome Show.
My name is Dustin Heiner andI'm here to help you get financial
independence, creategenerational wealth and never work
a job again by investing inreal estate.
And in today's show, superpumped to share with you how you
(00:21):
can invest in real estate witha full time job and a full time life.
I have five kids and I didthis and, and I know you can do it
as well and I'm going to walkyou through the process.
All right, let's start the show.
Welcome to the Master PassiveIncome podcast where we talk about
(00:44):
investing in real estate witha special focus on making enough
money so you can quit your joband live the dream life.
And now here is your host,Dustin Heiner.
What's up?
What's up?
Super blessed as always tohave you here with me on the show.
(01:06):
Now I just got off a podcastinterview and it was so fun chatting
with somebody that's anotherpodcaster, but they were pumped that,
that like the energy that Ihave and like being energetic and
excited, that's just my personality.
And so, you know, if you'relistening to the show and you're
all of a sudden, the firsttime you're like, who is this crazy
guy that has this, all this energy?
Honestly, this is how I amlike right now, I think it's 6pm
(01:29):
at night when I'm recordingthis and I haven't had coffee since
this morning and just I love,I love life number one.
But number two, I love helping people.
And that's what is sofantastic about real estate investing,
is that it affords you 40 plushours of your life when you stop
working for somebody else.
Now let me explain it this waybecause I'm going to get into a lot
(01:49):
more, but I'm just going togive you a quick overview.
If you are working forsomebody else, you're building up
legacy for them.
Instead.
You need to build up legacyfor yourself.
Foundational, let's say money.
In fact, if you haveproperties, you have a floor of income,
which means instead of goingto work and you start back at zero,
(02:11):
you know, you go to work, youget paid check and it start back
at zero.
So let's say you make $5,000 a month.
Well, every month you have tostart over, which means you have
to work over and over again.
If you have a sales jobselling cars, every month you start
at zero because you have tosell another car to make money.
Well, when you have realestate, passive income Cash flow
coming in, you have a floor of income.
(02:31):
So let's say you had 10properties making you $500 a month.
That's not uncommon.
It's, you can definitely dothat in two or three years.
You follow me?
If you want to get my freecourse, you can definitely do that.
Text the word rental to 33777.
I'll get it to you for free.
Rental to 33777.
If you had one property, thatmade you $500 a month, that's $6,000
(02:52):
a year in passive income.
If you had 10 properties,that's $5,000 a month, that's $60,000
a year.
More than likely you're goingto be able to do very well in life.
If you had an extra $5,000 a month.
And it's really, really,honestly, it's not that hard.
This is what we're walkingthrough today.
But imagine that $5,000 beingyour floor.
That means no matter what,because your properties are working
(03:15):
for you, you have experts, andthis is what we talk about, or I
building a business.
Experts doing the work for youso that your properties are making
you money and the propertymanagers and everybody else are making
sure that it continues to makemoney for you and you go back to
living your life.
But your floor of income is $5,000.
Let's say you had 20properties, your floor of income
(03:36):
is $10,000 a month.
You don't have to start overfrom scratch every single month.
And what I love is that as Ihelp you to invest in real estate,
your life is going to change.
And I think in abundance,meaning instead of scarcity, like
the world's out to get me.
I'm thinking the more peoplethat I help, the more people, their
(03:57):
lives get better.
And then my life gets better,like just from having this podcast.
I reached out to the podcastlisteners a couple, I don't know,
maybe a couple months ago, Isaid, hey, I'm buying a property.
Who wants to invest with me?
And I had, I raised almost $2million for this one property.
Got some fantastic investorsjust because I try to serve people.
And that's what I want foryou, is to have a perspective of
(04:18):
abundance.
There's so much out there inlife, but it's hard to see the abundance
when you're working a dead endjob or even if you have your own
business, let's say you have abusiness instead of having a one
boss.
Like if you have a job, youhave one boss.
If you have one boss, you canonly get paid.
You're Only serving one person.
But if you have a job, sorry,if you have a business that has 10,
(04:43):
I guess little bosses, but 10customers, then they are 10 bosses.
If you have a hundredcustomers, that's a hundred bosses.
I don't have any bosses.
My property is working for me.
My tenants are not my bosses.
If they're not paying therent, then they're, I mean, so if
you, hopefully you understandthat when you are building up your
own legacy, your own financialindependence, like you're independently
(05:07):
wealthy, you don't count onsomebody else.
My goodness, the world makesit so much easier for you to make
more and more money.
And you also, here's a fun thing.
So tomorrow I'm leaving forMount Kilimanjaro and Tanzania, South
Africa.
So I'm going to South Africafor a investor retreat.
It's an eight day investor retreat.
(05:28):
Like a Mastermind.
Now last week I talked aboutthe mastermind.
I was just out of Cancun and Iwas a whole week Mastermind of Cancun.
It was amazing.
Loved it.
Met so many great people, evenfound it.
Investors that will invest inmy deals.
They have hundreds of millionsof dollars and they're going to be
investing my deals, which issuper phenomenal.
Then at the same time tomorrowI'm flying to South Africa.
(05:50):
So abroadcon I shared.
Hey, I'm gonna go to Africa.
Anybody want to come with me?
And I had lots of people, wehave like a dozen.
No, I'm like 15 people comingwith me to Africa for a Mastermind.
Now I, it's already full.
You can't come with me now,but you can join me if you in my
mastermind in Denver,Colorado, September 19th through
(06:10):
the 22nd.
This is going to, it's, Ithink there's only a couple spots
left.
So you are going to be one ofvery few, I think like 15 spots total.
But you're going to be one offew people with me for two, almost
two and a half days ofmasterminding together.
And this is getting yourselfinto the right room around the right
people, people that wouldspend money to be in the right room.
(06:33):
Those are the people that areeven more the right people to be
around.
You go to a conference, thoseare great people to be around.
But you go to a Mastermindevent, these people are extra, I
guess advanced or excitedabout their investing or what they're
doing.
And you're going to be rubbingshoulders with them.
And me, I don't do one on onecoaching at all anymore.
(06:57):
But you're going to get me fortwo full days.
So if you go tomasterpassiveincome.com mastermind,
it'll be the link in the description.
You can join me in Denver, Colorado.
Fantastic hotel, the Brown Palace.
It's such a historic hotel.
You need to be here with me.
And this is going to catapult you.
(07:17):
Yeah, just slingshot,catapult, whatever.
Like it's going to get yougoing so fast.
And my goal is to have youcontinue over and over and over again
to buy properties to become afull time investor where you're investing,
just like playing Monopoly,you buy, you know, one property,
then you grow into four andyou get to multifamily, you keep
growing.
My goal is for you toeventually be getting $10,000 a month
(07:40):
in passive income, $20,000 amonth in passive income and more.
And I'm going to get youaround the right people.
Join me in Denver.
You need to be there and it'sgoing to be so great.
I'm going to be sharing allthe tips and tricks as well as you're
going to be networking with people.
More than likely you're goingto find people to invest with.
You're going to might evenfind investors that want to invest
in your deals or even sell youdeals or you never know what's going
(08:01):
to happen.
I spent $50,000 to be a partof a Mastermind.
Click funnels Mastermind.
If you know it.
They are really just fantastic people.
That's why I joined, because Iwant to be around the right people
now you need to be around theright people.
I spent $50,000 to be a partof this mastermind.
This is a year long mastermind.
You can get a glimpse of whatit's like to be in a mastermind.
(08:23):
Come join me in DenverSeptember 19th through the 21st or
sorry, 22nd.
It's gonna be absolutely phenomenal.
Now in today's show, I'm gonnabe walking you through how to invest
in real estate with a fulltime job.
And honestly, it's not as hardas you think.
So I'm gonna go through somuch more and even walk you through.
(08:44):
Like I, I had a full time job,I even had a full time business.
I was investing in real estate.
I had four kids at the time.
Now I have five kids.
Very blessed to have five kids now.
But honestly, if I can do it,you can do it.
My students now it took menine years.
My students, it's taken themfour and five years, maybe even three
years to become financiallyindependent because everything that
(09:05):
I show get my free course justgo to masterpassiveincome.com freecourse
or text the word rental to33777 and I will absolutely just
give you the free course.
You can just get started there.
Start investing.
That's my goal.
If you invest, then I winbecause in life the more people that
I serve, the more, the moremoney they make, the more money that
I make.
And we all win because in theend, shoot, you might be an amazing
(09:28):
investor.
And then I have a deal thatis, let's say I'm raising another
$10 million and you say, heyDustin, I want to invest with you
because I've been so rich andwealthy buying all these other properties,
I'm going to invest with youover here.
It's all about how can weserve more people.
So I'm super pumped to sharewith you how you can invest in real
estate with a full time joband a full time life.
And I want to pause for just aquick second and say thank you so
(09:51):
much for listening to the show.
If you've gotten anything outof the show, I would appreciate it
if you went to anywhere thatyou listen to say Apple or Spotify
or wherever and leave a fivestar review.
Honestly, I really appreciateyou leaving an honest review.
I just love giving all thisinformation out and I want to see
you succeed.
Also send this to one person,just tell one person and say hey
Dustin wants to help a millionpeople to invest in real estate.
(10:13):
You need to listen to thisbecause it's going to change your
life.
Lastly, get my real estateinvestment course completely for
free.
Text the word rental R E N T AL rental to 33777 rental to 33777
I'll literally give you mycourse showing you everything in
the business so that you canbecome financially independent.
(10:34):
Now I know just about everysingle person has a job full time,
part time or whatever.
I even do have some studentsthat are retired that they are basically
living on Social Security andthey still want to grow their business,
they want to invest in realestate and here I am trying to help
them to get started eventhough they don't have a job.
Now I'm going to tell you thathaving a full time job is actually
(10:56):
fantastic in order to start areal estate business.
Even though you and I bothknow that the word job is almost
like a four letter word.
It's a job, it's horrible.
But the acronym of job, what Ilike to share with everybody is that
job is J O B.
You're just over broke.
(11:16):
I mean your boss is onlypaying you enough to keep you working
and not paying you too much,that's going to be taking out of
his or her pocket.
If you're working for thegovernment, they're only going to
pay you just enough to keepyou working.
And you're going to be like,man, this job is horrible, but I
can't give up or I can't quitbecause you know, I make enough money
here.
Well, if you're about to quit,you know, your boss might come to
(11:37):
you and say, hey, you know, Ican't have you quit.
Let me give you a raise.
Well, why didn't you give me araise like a year ago when I needed
it, you know, and so your jobis just over broke.
But there are many greatthings about having a job and I utilize
them as much as I could as Ibuilt my business.
So even though job is a fourletter word, it stands for just over
(11:57):
broke.
There are some good thingsabout having a job in and how having
a job can actually help youbuild your business even faster.
You know, imagine if you wereon Social Security.
You know, you're older andyou're on Social Security.
You don't have the ability tomake more money or get a raise or
anything like that.
Well, it's harder to investbecause you have limited funds coming
(12:17):
in.
So here are some good thingsabout having a full time job.
So to give you a little encouragement.
So number one, you have fulltime job security.
You know, it's security in you.
Even though they can fire youat any time, you have the ability
to rely on your job to bringmoney in.
And on top of that, your moneythat is coming in could hopefully
be able to save to invest andbuy more properties.
(12:41):
You know, if you're on a fixedincome, then that fixed income, it's
hard to actually get moremoney to buy more properties.
You have to figure out someother, you know, unique and creative
ways to find and buy properties.
So you have a lot of securitywhen you have a job.
And that's one of the biggestreasons why people stay in jobs for
their entire lives until theyhave to retire because they're a
(13:01):
little old to keep working isbecause it's job security.
It's security that money'scoming in all the time.
Plus you have things likehealth insurance, a full time job.
Also it fuels your growth foryour investing business.
Like it fuels the ability tobuy more properties faster.
You know, if you get a raise,do not spend that money.
Like if you get an extrahundred dollars in your paycheck
(13:23):
every single two weeks.
That's $200 extra a month.
Don't think, man, I could goget another car or, you know, get
a better car and spend that money.
No, don't think like that.
Think that that $200 is extraevery single month that you can put
in a savings account, a moneymarket account, or someplace that
you can touch that money inthe future, pull it out and buy an
investment property.
(13:44):
So the job that you have, usethat to buy more properties.
Use that to fuel your growthof your business so much faster than
you could if you did not haveany extra money coming in.
Here's another great thing,and I've used this over and over
again.
Now, you've heard me talkabout the B R R R strategy, basically
recycling your money over andover and over again, which I've done
(14:05):
many, many times.
It's so much easier to getloans when you have a job as opposed
to when you don't have a job.
You know, when you don't havea job, the bank is going to look
at you and say, how are yougoing to repay this loan?
You could tell them, well, I'mgoing to use this loan to buy this
property, and that person'sgoing to another person.
I'm going to get somebody elseto live in that property.
They're going to give me moneyevery single month and I'm going
(14:26):
to give it to you.
They would say, well, that'sall well and good, but there's no
proven track record that'sactually going to work.
Now, unless you've been aninvestor for quite a long time like
I have, they need somethinglike a W2 or your paycheck, two years
of employment to prove thatyou're going to continually be working
so that you can pay off themortgage that you're gonna be borrowing
from them.
So before I quit my job, Iactually postponed quitting my job
(14:49):
for an extra six monthsbecause I was working on financing
four properties, pulling allthe money out of those altogether
to buy more properties.
And I knew that if I did quitmy job in the middle of that refinance
process of pulling money out,they would say, hey, what happened?
Well, we're not gonna give youthe loan.
And I really wanted the loanbecause I needed to buy more properties
(15:09):
or I wanted to buy more properties.
All that money equity sittingin those properties that already
owned it was just sittingthere and I was not utilizing it.
So I put it off six moremonths to quit my job in order to
get that financing done.
As soon as that Financing was done.
Literally I'm going to saylike the next day or next two days.
I said, hey boss, I'm quittingmy job.
You know, I'll give you twoweeks notice.
And so I put in a two weeksnotice and then quit my job right
(15:31):
after that.
It was a necessity in order toget my bank financing.
Now, now that I have quit myjob and now what the banks do, they
just look at your tax returnsto make sure that you have money
coming in.
They just, all they reallywant to do is verify that you have
money that can repay whatthey're, what you're borrowing from
them.
So I use my tax returns.
So those are just a few thingsthat are great about having a job.
(15:54):
You know, you have constantmoney coming in.
Like I would suggest, don'tquit until you actually have enough
money to replace your incomein order to invest in real estate
with a full time job, thatthis is the biggest thing.
So if you take anything awayfrom this podcast, any big lesson
that can help you literallychange your life with rental properties,
(16:16):
this is the key that I'm goingto give you.
You do not have a sidebusiness, like a side real estate
or I invest on the side.
You do not have that.
What I'm going to tell you isit's your mindset switching from
you having a job and thenhaving a side business.
Like give you an example.
If somebody stranger that youdon't know comes up to you and you
(16:38):
start talking to each other,you know, like a Christmas party
or some, some sort of party,you guys are saying, hey, so what
do you do?
And the other guy tells youwhat they do and the person asks
you, what do you do?
You don't want to say, well, Iwork for, you know, this banking
company, I work for thegovernment or I work for this or
this is my job.
Don't answer it like that orget that out of your mind that your
(16:59):
first answer is what yourcurrent job is.
You want to get that out ofyour mind.
What you want in your mind isthat you are a real estate investor.
So when anybody asks me beforeI quit my job what I do for a living,
I say, I'm a real estate investor.
And I say, oh, wow, that's,that's great.
What do you invest in?
I invest in rental properties,cash flow every single month.
So that cash flow every singlemonth helps me to continue to build
(17:21):
my business even bigger and bigger.
And if the person asks you,so, so you know, do you, is that
your only job?
You say, no, I have A side job.
You know, I have a side jobworking for, you know, this company
or that company.
So what happens is you have achange in mindset going from being
that person that has that job,like you're identified as the person
that with that job to now youare a real estate investor with a
(17:45):
side job.
Even though the bulk of yourmoney comes in from your side job,
it doesn't matter.
You are an investor, you arewhat you tell other people.
And here's what happened to me.
As soon as I made that shiftin my mindset and started telling
everybody instead of kind ofbeing like hiding it because, oh,
I only have one or two orthree properties, as soon as I made
that shift and started tellingpeople, no, I am an investor with
(18:08):
a side job, so many morethings happened to me where deals
fell in my lap or money fellin my lap, not necessarily money
fell on my lap, but I hadpeople wanting to give me money to
help them invest and be a partof my business.
So many great things happenedwhen I started telling myself I am
an investor.
So I want to encourage you, ifyou take anything away, you are a
(18:30):
real estate investor with aside job.
Stop telling people that youwork for this company or this is
your job over there.
No, you are a real estateinvestor and trust me, things are
going to change because thatgets into your mindset.
Now your mind has changedwhere now you are that investor,
you are what you want to be.
And that gets into our nextthought of how you can invest in
(18:51):
real estate with a full timejob is your mindset.
Your mindset is what's goingto actually get you to where you
create deals.
You get deals done, you getthings done where nobody else thought
they could happen.
So here's a great saying thatI really, really love.
There's two of them that kindof go hand in hand.
Number one, necessity is themother of invention.
(19:13):
So if you're telling yourself,I really want to quit my job, I'm
tired of working for thisboss, I'm tired of working this job.
And it's a necessity like youare making yourself quit your job,
where you're going to find the way.
And the second quote is, wherethere is a will, there is a way.
You're going to find a waythrough that hurdle or through that
roadblock or jumping over that hurdle.
(19:34):
I kind of mix those twoanalogies together.
But you're going to jump overthat hurdle or you're going to get
through that roadblock.
Because with necessity beingthe mother invention, like it's Necessary.
Like you know that eventuallyat some time, your job can fire you
or you can get laid off orsomething bad can happen, or God
forbid something happened toyou, you couldn't work because you
(19:55):
were ill.
Well, with the necessity.
There's a mother invention.
So you got to think in your,in your head, in the future, I might
not have this job and I wantto change my life now.
Let me start working towards it.
And where there's a will,where you saying, In 10 years I'm
going to quit my job, or infive years I'm going to quit my job,
where there's a will, you willmake the way.
Because what's amazing is asyou put your mind to it, as you start
(20:19):
thinking of how to get aroundthese roadblocks, you're going to
see these problems start todissolve in front of you because
you figure out ways around them.
That's the great thing aboutbeing an entrepreneur.
Like us as real estateinvestors, we're entrepreneurs, we,
we see a problem in front of us.
Where most people, they'd seethat problem, they'd stop.
What we do as entrepreneurs,as real estate investors, we see
(20:40):
a problem.
We see it as an opportunity.
An opportunity to make money,to change lives, to make everything
better.
So it's really hard though,and trust me, I've been there where
you don't have any propertiesright now.
It's hard to see the light atthe end of the tunnel, because really,
you, you're not even in thetunnel yet.
You're not even going.
Cause you don't have a property.
(21:01):
Maybe you have one or two orthree properties and you see a dim,
dim light at the end of thetunnel, you know, very, very small.
You're getting a little likemaybe 200, $300 a month every single
month coming in from one ortwo properties.
Well, that light gets biggerand bigger at the end of the tunnel.
The light gets bigger andbigger as you get more properties.
So your mindset needs to beshifting from where you have a job
(21:24):
and, and a side business towhere now you are a real estate investor
and you buy that first property.
Once you buy that firstproperty, you start running down
that tunnel.
And each property you buyafter that, the light at the end
of the tunnel gets bigger andbigger and bigger.
Your emotions start to wellup, like, man, I just got to get
more properties.
This is fantastic.
My life is changing.
(21:45):
The more properties I getallows me to buy even more properties.
This is fantastic.
And this is what I want for you.
I want to see how this changein Your mindset so that instead of
giving up, no, you'rededicated now.
Instead of, well, there's aroadblock and I'm stopping here.
No, you're going to bustthrough that roadblock because you're
persistent.
You're going to keep going.
(22:05):
And so with your mindset, youwant to develop inside yourself a
dedication, a dedication togetting this job done, getting this
business built, buying thatnext property.
Hey, I don't have, you mightbe thinking in your head, I don't
have financing for thisproperty, this deal that I found.
Well, that's a problem thatyou're going to have to figure out.
You see an opportunity, howcan I get past this roadblock?
(22:27):
How can I answer this problem?
How can I get this opportunitychanged into something that's going
to be making me money?
And the next one is persistence.
Being persistent is one of theways, like I am just stubborn.
I'll just keep going and keepgoing until I make it work.
That's just how I am.
And I know you're very, verysimilar because we're entrepreneurs,
we're going to get things donewhere most people won't.
(22:49):
Now, also along with that,your mindset, you need to change
your mind and you need tochange your understanding of how
to actually invest.
When I first got started, Ihad no clue how to invest.
And really, honestly, throughthe school of hard knocks, I really
learned exactly how to do it.
And I've made my business justa well running machine where it runs
without me.
So what I suggest, along withyour mindset, getting, being dedicated,
(23:12):
persistence, and making sureyou have the will to get done, you
need to get education.
You need to get as mucheducation as possible so that you
can really get through thoseroadblocks without having to bang
your head against a roadblocktime and time again.
Because if you get withsomebody like me, like all my students
most, I would say majority, ifnot every single one of their problems
that they come up with, I'veeither gone through it or I figured
(23:34):
out a way around it.
I've been in your shoes.
And so all my students, whenthey come up and say, well, here's
this issue, I don't havefinancing here, or here's this deal,
but this seller wants this.
And I'll say, this is whatI've done, this is how it worked
for me and this is a way Icould have done a little better,
this is a way that worked outperfectly, you should go this route.
And so you need to haveeducation and also get coaching,
(23:55):
get somebody that's going tohelp you get past this next hurdle,
that somebody that's alreadybeen there, you know, like somebody
that's already through thetunnel, they're at the light, at
their, you know, beyond thetunnel, they're waving back at you,
say, come on, you can do it.
So get education, getknowledge, so that when those roadblocks
come, you already know how to,you know, bust through them or jump
over that hurdle.
Get education in your brain sothat you can get past that.
(24:18):
All right, now, here's a bigone for lots and lots of people.
Listen to my podcast.
It's scheduling in the time toget this done, Scheduling the time
to build your business.
Now, I know lots of people areworking, hopefully, you know, 30,
40, 50 hours, but some peopleare even working less or more.
You know, if you're onlyworking 20 hours a week because your
job won't allow you to workanymore, well, you have lots of time
(24:39):
to develop your business.
But what if you're working 70,80 hours a week because it's just
that demanding?
Well, I've been there, trust me.
I had a business where I wasworking for the government, which
I was working like, I don'tknow, it was like 10 hours a day.
On top of that, I had a retailestablishment that I was there basically
from morning to night, and inthe middle had that job.
So 14 hours a day I was working.
But in the meantime, my lunchbreak, when I was working my job
(25:02):
in the government, I'd go anddo work for my real estate, trying
to find new properties, tryingto build my business.
And so every single wakingmoment, I saw the light of the undertunel.
I said, you know what?
I'm going to keep workingtowards that.
Every single waking momentthat I had that I wasn't putting
into a business or to myfamily, I focused on building my
business.
(25:22):
So I'm going to be honest andsay what I suggest.
This is what I tell all my students.
If you spend one hour a week,you know, building your business
or learning, that's not goingto be enough.
It's going to take you a very,very long time.
You know, time is precious.
That's the most expensivecommodity that you can spend is your
time.
Now, wouldn't you rather havequit your job sooner rather than
(25:45):
later?
You know, if you can quit yourjob in 20 years, then you're going
to work towards that.
But what if you can cut thatin half and you could quit your job
in 10 years because you spentmore time studying, more time, more
time building your business,of course, wouldn't it be better
quitting your job 10 yearsearlier than you normally would or
20 years earlier?
I quit when I was 37 years oldbecause I pushed myself.
I spent the time I studied, Ireally tried to build my business
(26:06):
as fast as possible.
So this is what I'm tellingyou right now.
I would, if I were you.
Spend five to six hours eachweek building your business.
I mean, when you think aboutit, five to six hours a week, that's
one lunch a week.
You know, if you're, if yourlunch at your work is an hour along
and, or your commute is anhour or something like that, but
(26:26):
it's, you know, five hours,you have seven days a week.
If you just took your lunch,you know, Monday through Friday,
one hour of your lunch andbuild your business that way, in
that amount of time, you'regoing to have a business very, very
quickly and run much faster.
Now, if you're thinking somepeople may say that they don't have
five or six hours, well,here's the thing.
You need to make the time.
(26:47):
I don't know where you'regoing to get it.
I don't know how I got it.
I just did it.
I said, you know what?
This is important to me.
I'm going to make the time.
It could be, you know, onceyou put the kids to bed, you spend
an hour or two hours studying,building your business, whatever
it might be.
You need to make the time.
Because honestly, this isimportant, you know, it's important
(27:07):
to change your life.
Now, if I didn't spend thistime, I would not be quit.
Like I would not have quit myjob in nine years.
When I was 37 years old, Iquit my job.
And every second that I spentbuilding my business before I quit
my job is so worth it.
Can't tell you how amazing isto not have a mortgage, like literally
paying off your house becauseyou have enough money coming in and
(27:29):
not have a mortgage and alsonot have to worry about bills.
I mean, just imagine nothaving to have a mortgage, not have
to worry about bills becausemoney coming in.
Not to have to.
Not have to work because youhave money coming in, you have an
automatic business coming andbringing that money in.
I can't stress enough at howamazing life is when you have all
these.
When money's taken care ofbecause you have a business spending
(27:52):
five to six hours a week.
You need to make the time todo that.
Next, in scheduling your time,you need to basically organize and
become efficient in your time management.
It could be where you alsomake it a routine where as you're
driving to work, let's say youhave a 30 minute commute driving
to work, you're listening tothe podcast, or you're getting education
(28:14):
or you're calling up mortgagebrokers or you're calling up property
managers.
That's the time that you're doing.
It could be like I said onyour lunch break where you say, okay,
I clock out, let me grab mysandwich, I'm walking, you know,
out of the, out of the office.
You don't want to do work inyour office.
Probably, you know, eat yoursandwich on the way out.
And then as soon as you sitdown on a park somewhere and on a
bench or however it's going tolook like for you, this is.
(28:35):
I was actually outside, youknow, underneath the tree.
And so I made it so that itwas a routine.
Every single hour that I gotfor lunch, I ran outside, started
building my business.
So you need to becomeefficient as well as organized.
Whatever you're doing.
Driving, you know, if you'redriving to the gym, spend time building
your business.
If you are outside mowing thelawn, spend time on your like on
(28:59):
listening to my podcast orlistening to books or getting education
and coaching.
You need to.
Every waking moment that isspent doing something else, I would
suggest develop yourself intothe business.
I literally stopped listeningto the radio, like music for like
five years because there wereso many podcasts, so many books,
so many things I needed to learn.
(29:20):
And so I took all of that timethat would normally gone to just,
you know, kind of vegging outand not doing anything that, or not
being productive.
Instead of doing that, I mademyself very productive.
So try to become efficientwith your time.
Whenever you have an extrawaking moment that you're not devoting
to something else, like yourfamily, your job or something else,
(29:41):
try to capture that time,become efficient and use that to
build your business.
Also in scheduling your andhaving time management, you, you
need to put systems in placeand organizations in place.
Now we live in such a greattime with so much technology that
it is so much easier to investin real estate and also with scheduling
in the time in your life,there's so many ways to make your
(30:04):
time use more efficiently.
You know, like Evernote is agreat place.
You keep all your notes inside there.
Dropbox is another great thing.
Listen to podcasts, but I wantyou to look out for tools that, that
you can use.
And you're probably alreadyusing these, but see how you can
use these for your business tomake your time much more Efficient,
you can schedule things betterand you want to make sure that your
(30:25):
time is utilized the best.
Now this podcast, I'm notgoing to go it's way out of the scope
of this podcast to teach you,you know, the systems to organize
and you know, schedule a time.
I'm sure you can figure thatout pretty easily.
What I want you to do is nowutilize those things so that you
can get your business builtand that you can continue to buy
properties.
You can have other people workfor you.
This goes in the next step.
(30:45):
When scheduling your time andthinking about how much time is spent
on your business, think abouthow you can have other people work
for you, how you can pay otherpeople to do the work that you can
do, but you pay them.
I mean everything fromproperty managers like I don't manage
my properties because myproperty managers do that.
You can have contractors,realtors, wholesalers, mortgage brokers.
(31:10):
And this goes into the nextstep and from scheduling your time
and taking care of your timewith investing while you have a full
time job, what you want to do,a big huge suggestion is to build
a team of others working for you.
You want to have other peopleworking for you day in and day out,
when you are sleeping, whenyou are working, when you're on vacation,
(31:33):
when you're playing with yourkids, you're going on a date.
You want to have other peoplelike property managers, realtors,
like I said, mortgage brokers,bankers, wholesalers, contractors,
handymen, plumbers, all thesesort of people.
Your job is to build a team ofpeople that are working for you.
The biggest thing that you cando in your business is hire others
(31:55):
to do all the work for you.
Now I have a podcast episodethat I want to give you.
Go back and listen to mypodcast episode number eight where
I talk about how you can buildand automate a business by having
a team of people workingaround you.
To listen to episode go tomasterpassiveincome.com 008 that's
(32:15):
the eighth podcast episode.
You're going to learn how tobuild a team who you want on your
team, who are the must havepeople that you need on a team and
then also the nice to havepeople you know if you build it even
further than that and so goback and listen to that episode or
go to the podcast show notesand I walk you through everything
there's so what you want is tobuild a team of people around you.
The next item in how to investin real estate with a full time job
(32:38):
is money and finances.
I know that's one of thebiggest questions I get from everybody,
from all my students, from allmy podcast listeners, from everybody
who reads my books.
It's basically, how do you get finances?
Like, how do you take care ofthe money?
Obviously, you know, if I hada million dollars, I can go buy properties.
Well, everybody could.
You know, I didn't start witha silver spoon in my mouth.
(32:59):
I literally built my businessfrom scratch.
I saved money, bought aproperty, saved more money, bought
another property, refinancedthose properties to then buy more
properties.
So that's how I did it.
So with money and finances, ifI know that's.
Most people have that issue.
One, the first step isincrease the amount of income that
(33:20):
you make.
Now, if you have one job andyou think, well, I'm not making much
money here.
I'm just over broke because myboss isn't.
Isn't giving me more money,well, go and ask for a raise.
It doesn't hurt to ask her a raise.
Literally ask for a raise andsay, you know, I think, boss, I'm
doing a great job and theseare the reasons why I'm benefiting
you.
And here's a tip.
This is a tip outside of thescope of this podcast, but when you're
(33:41):
asking for a raise, don't tellyour boss the reasons why you need
a raise.
Don't tell him that, becausethat doesn't affect him.
He doesn't care.
He or she doesn't care.
You know, they tickle theirears like, oh, he needs this, he
needs that.
Don't tell them that.
Tell them the reasons why theyneed to give you a raise.
Show them how you benefittheir company or whoever you're working
(34:04):
for.
Show them why it's necessaryfor them to give you the raise.
So here's what I want to give you.
This is the tip.
You want to point out to yourboss why they need to give you this
raise, what benefit goes to them.
And when you do that, you.
It's going to make it seemlike in their mind, like, man, we
have to, because this is goingto benefit our company so much.
(34:26):
And I'm not sure.
You're going to have to figureout whatever your job is and whatever
you're doing now, you're goingto have to figure that out.
But you have to figure it out well.
And when you express thereasons why you need a raise, it's
because it's going to benefitthat company.
Okay, so increase your income.
It could be asking for a raise.
It could be driving for Uber.
Like, if I.
If all My properties went tocrap and I literally could not make
(34:49):
any money.
I'm not getting a job.
I'm going to drive for Uber or Lyft.
I'm going to figure out, youknow, Uber eats or I'm going to drive
for Amazon.
I'm going to do.
Driving is a lot of it, butI'm going to do other things.
I'm going to start businesses,I'm going to.
I'm going to go sell thingsdoor to door.
Like, I am not going to workfor somebody else because I had a
taste of what it's like to bemy own person.
So with increasing yourincome, go and get a side job, go
(35:12):
and get another, another.
You know, if you're actually adelivery driver, you're driving for
Uber or something like that,that's more time.
You could be learning.
There's more time that you'remaking money and learning.
So increase your income.
And increasing your income isso that you can save more money.
Now, the next step afterincreasing your income is increase
your savings amount when youhave money.
It's so easy to buy properties.
(35:34):
Trust me, it's so easy.
It's super hard when you have,you know, to get seller financing
or find wholesalers.
I mean, that's much, muchharder to do or if, you know, tax
liens and all that sort of stuff.
But if you have money to spendon the cash, it's so much easier
and you get a big discount.
So you want to increase theamount of savings that you do every
single month.
Put away $100.
Like force yourself a hundreddollars even though you don't have
(35:56):
it.
Force yourself to save $100every single month.
And then in six months,increase that to $125 or $150.
The more money you save everysingle month, the more properties
you will be able to buy andthe faster you will be able to buy
it.
Here's another thing withmoney and finances, cut expenses.
Now, I'm not saying this isgoing to be forever, but you want
to cut expenses so that youcan save more money to buy more properties.
(36:19):
Now I cut so many things outof my expenses way back when I first
started.
Now I have them put it putback in, like, you know, buying coffee
or going out to dinner almostevery, every other night.
Like, I cut those things outbecause I didn't have money, but
now that I do have money, Iput them back in.
So you want to cut expenses.
And it could be you'redriving, you know, maybe $600 a month
(36:39):
more or payment On a car.
Not a mortgage payment, butauto loan payment.
You know, give that car backor sell it.
Get out of that $600 a monthor even $400 a month.
You want to have a car thatgets you from point A to point B
and has as little money comingout of your pocket as possible.
Like I've told you many times,I still drive my 2007 Honda Odyssey
even though I have plenty ofmoney, praise the Lord.
(37:01):
I have plenty of money that Icould go and buy a car, but I don't
because I don't need to.
It's not something.
It's like I cut it out of mysystem of, you know, having expensive
things.
And now that I have plenty ofmoney, it's like, ah, I'm fine without
it.
But who knows?
Maybe in the next few monthsI'm going to go buy my wife a car
just because, you know, I loveher and it's about time.
Maybe it's time to do that.
But you cut your expenses outnow, and then you could put them
(37:22):
back in later.
So this is a huge tip.
Cut your expenses so you cansave more money.
Now the next part is continueto save and continue to use that
money and invest that money to.
So that when you quit yourjob, you have plenty of that innate
sense of saving money in your system.
Continue to save until youactually quit your job.
Like, don't go and overspendon, you know, something that's just
(37:45):
going to take money out ofyour pocket.
I specifically remember a timewhere we had an opportunity to go
to Disneyland with, you know,some friends or family members, and
we said, no, we're not goingto because we're saving money.
I thought, you know, that$3,000 that we're going to be spending
at Disneyland, that's a wholeproperty that I could buy.
I could use that money to buya property now with money and financing,
Continue to save, but thenalso find other investors who may
(38:05):
want to lend you money.
It could be your familymembers, it could be your dad, your
mom or acquaintance.
So with you telling everybodythat you're an investor, somehow
that whole just.
It's really neat how people innetworking, they start thinking,
hey, I don't want to do it,but I have money that I can invest
through you.
Would you want to do that?
When you get to the pointwhere I am, I have people asking
(38:27):
me all the time and like, Ihave money.
Can you invest it for me?
Or, you know, are you buyingan apartment complex?
Can I invest with you?
I'm like, so anyways, I have ahuge long list of all the people
that I could reach out to whenI buying a, you know, like a $10
million apartment complex andsay, hey, we got to raise 2 million,
you know how much money youwant to put in?
You want to get a percentequity in the stake in the property.
So as you become an investorand you get more and more into it,
(38:49):
more people want to give you money.
So be talking to other peopleabout how they can invest with you.
Now another thing, when you'rebuilding your business, you're talking
to mortgage brokers in moneyand financing.
Keep talking to mortgagebrokers, seeing what they need from
you, like what your creditscore needs to be, how much money
you need to make, how they,you know, what they need from you
in order to be able to giveyou a loan for a property.
(39:12):
Now that moves on to networking.
You need to network with other people.
Find a real estate investmentassociation group that meets together
in your area.
More than likely they, they will.
It's a reia.
Like if you just type in REIAin a search, Internet search in your
area.
Like if you're in Oklahomatype, or you know, let's say Tulsa,
type in R E I A Tulsa,Oklahoma, and you'll, you'll probably
(39:35):
find one in your area.
This helps you get aroundother investors that you're going
to be able to, you know, rubelbows with and sharpen each other's
ideas and maybe find dealsthere and find other investors to
work with.
Now with Master Passive incomeand the course, that ultimate real
estate investing course that Ihave, it comes with a real estate
investing group that I haveall my students a part of and we're
all working together trying tohelp each other out.
(39:57):
And I'm in there answeringpeople's questions as well.
And so we're working togetherto build businesses together.
Now I want to give you, afterwe've gone through just all that,
I want to give you a step bystep process that I would take and
that I actually did take tobuy my first property.
Number one, I needed to findan area to invest in.
I needed to make sure I wasinvesting in a place that actually
(40:18):
had a good cash flow, a goodcash return.
And for me, I was inCalifornia when I started investing
and the first place I boughtwas in Ohio.
And it was because they hadgood returns.
I could buy a property forfairly inexpensive money or fairly
cheap.
And I gave, gave me a lot of money.
Passive income coming in.
So first, one, find an area to invest.
Number two, once you Find thatarea to invest in.
(40:39):
You see that there are plentyof properties that you can buy and
you continue to build your business.
You want to build a team towork for you and work in your business.
So where you're going to goand start investing, make sure you
find the property managers,the realtors, the wholesalers, the
mortgage brokers, all thatsort of stuff.
You want to build up yourbusiness in that particular area
(40:59):
so that when you do buy aproperty, you find and you buy a
property, then you have yourteam immediately jump on that property
and start working for you.
Where they're fixing up theproperty, they're leasing it out,
they're getting that tenant inthere, they're collecting rents,
and you have that businessalready running.
So I never buy a propertyuntil I have the business already
(41:20):
running.
Next thing, after you buildthat business, you know, first one,
finding an area.
Number two, you're buildingthe team around you.
Next step number three is tofind a property really utilizing
wholesalers like I said,utilizing realtors, zillow.com, craigslist.com,
or all these different placesto find a property.
Analyzing the numbers andmaking sure that you're gonna make
(41:41):
passive income every single month.
And once you do that, onceafter you have all that everything
in place, you buy the propertybecause you have the mortgage broker,
you know, you have yoursavings, and then you buy that property.
Then immediately have yourproperty manager fix up the property,
Fix up the property, get itready, start listing it for rent,
and then you also find a good tenant.
(42:03):
The next step would be find,really find a good tenant.
I'm a strongly suggest you runa background check.
Never, never, never.
I'll say it again.
Never, never, never place atenant unless you run a background
check.
Now if you use Cozy like I do,it's a property management system
and go there, it's completelyfree to you.
It's fantastic.
MasterPassiveIncome.com Cozy CO Z Y.
(42:25):
If you go there, you will beable to utilize their service.
Put your listing of yourproperty for rent and anybody who
wants to rent your property,you can say, you know, make sure
they do a background check andthe tenant pays for the background
check.
You get the background checkand you can see if this tenant's
going to be a good tenant foryour property.
So use cozy.
Fantastic.
MasterPassiveIncome.com cozy.
(42:47):
Get yourself running goodbackground checks so you can find
a good tenant.
Here's the last step.
Super simple to say, butharder to do.
Do the process all over again.
Like literally do it all over again.
It's a rinse and repeat typeof business.
I now because I have mybusinesses set up in certain areas,
it takes me literally one tothree hours from finding a property
(43:10):
to getting it rented andmaking money every single month because
all I need to do is find a property.
Actually people bringproperties to me so sometimes that
doesn't even take any of my time.
But I run the numbers.
I make sure I get thefinancing set up or my cash or however
I'm going to do it and and buythe property.
So literally takes me at mostthree hours to find a new property
that makes me money everysingle month.
(43:32):
And that is it for today.
Go ahead and get my free realestate investing course Texas word
rental the 33777.
R E N T A L to 33777.
You can also join my realestate wealth builders group coaching.
Get all my courses.
All right, guys, we'll see youin the next show.
See you.
Foreign.
You're listening to the MasterPassive Income Podcast Network.
Welcome to the Master PassiveIncome Show.
My name is Dustin Heiner andI'm here to help you get financial
independence, creategenerational wealth and never work
a job again by investing inreal estate.
And in today's show, superpumped to share with you how you
(00:21):
can invest in real estate witha full time job and a full time life.
I have five kids and I didthis and, and I know you can do it
as well and I'm going to walkyou through the process.
All right, let's start the show.
Welcome to the Master PassiveIncome podcast where we talk about
(00:44):
investing in real estate witha special focus on making enough
money so you can quit your joband live the dream life.
And now here is your host,Dustin Heiner.
What's up?
What's up?
Super blessed as always tohave you here with me on the show.
(01:06):
Now I just got off a podcastinterview and it was so fun chatting
with somebody that's anotherpodcaster, but they were pumped that,
that like the energy that Ihave and like being energetic and
excited, that's just my personality.
And so, you know, if you'relistening to the show and you're
all of a sudden, the firsttime you're like, who is this crazy
guy that has this, all this energy?
Honestly, this is how I amlike right now, I think it's 6pm
(01:29):
at night when I'm recordingthis and I haven't had coffee since
this morning and just I love,I love life number one.
But number two, I love helping people.
And that's what is sofantastic about real estate investing,
is that it affords you 40 plushours of your life when you stop
working for somebody else.
Now let me explain it this waybecause I'm going to get into a lot
(01:49):
more, but I'm just going togive you a quick overview.
If you are working forsomebody else, you're building up
legacy for them.
Instead.
You need to build up legacyfor yourself.
Foundational, let's say money.
In fact, if you haveproperties, you have a floor of income,
which means instead of goingto work and you start back at zero,
(02:11):
you know, you go to work, youget paid check and it start back
at zero.
So let's say you make $5,000 a month.
Well, every month you have tostart over, which means you have
to work over and over again.
If you have a sales jobselling cars, every month you start
at zero because you have tosell another car to make money.
Well, when you have realestate, passive income Cash flow
coming in, you have a floor of income.
(02:31):
So let's say you had 10properties making you $500 a month.
That's not uncommon.
It's, you can definitely dothat in two or three years.
You follow me?
If you want to get my freecourse, you can definitely do that.
Text the word rental to 33777.
I'll get it to you for free.
Rental to 33777.
If you had one property, thatmade you $500 a month, that's $6,000
(02:52):
a year in passive income.
If you had 10 properties,that's $5,000 a month, that's $60,000
a year.
More than likely you're goingto be able to do very well in life.
If you had an extra $5,000 a month.
And it's really, really,honestly, it's not that hard.
This is what we're walkingthrough today.
But imagine that $5,000 beingyour floor.
That means no matter what,because your properties are working
(03:15):
for you, you have experts, andthis is what we talk about, or I
building a business.
Experts doing the work for youso that your properties are making
you money and the propertymanagers and everybody else are making
sure that it continues to makemoney for you and you go back to
living your life.
But your floor of income is $5,000.
Let's say you had 20properties, your floor of income
(03:36):
is $10,000 a month.
You don't have to start overfrom scratch every single month.
And what I love is that as Ihelp you to invest in real estate,
your life is going to change.
And I think in abundance,meaning instead of scarcity, like
the world's out to get me.
I'm thinking the more peoplethat I help, the more people, their
(03:57):
lives get better.
And then my life gets better,like just from having this podcast.
I reached out to the podcastlisteners a couple, I don't know,
maybe a couple months ago, Isaid, hey, I'm buying a property.
Who wants to invest with me?
And I had, I raised almost $2million for this one property.
Got some fantastic investorsjust because I try to serve people.
And that's what I want foryou, is to have a perspective of
(04:18):
abundance.
There's so much out there inlife, but it's hard to see the abundance
when you're working a dead endjob or even if you have your own
business, let's say you have abusiness instead of having a one
boss.
Like if you have a job, youhave one boss.
If you have one boss, you canonly get paid.
You're Only serving one person.
But if you have a job, sorry,if you have a business that has 10,
(04:43):
I guess little bosses, but 10customers, then they are 10 bosses.
If you have a hundredcustomers, that's a hundred bosses.
I don't have any bosses.
My property is working for me.
My tenants are not my bosses.
If they're not paying therent, then they're, I mean, so if
you, hopefully you understandthat when you are building up your
own legacy, your own financialindependence, like you're independently
(05:07):
wealthy, you don't count onsomebody else.
My goodness, the world makesit so much easier for you to make
more and more money.
And you also, here's a fun thing.
So tomorrow I'm leaving forMount Kilimanjaro and Tanzania, South
Africa.
So I'm going to South Africafor a investor retreat.
It's an eight day investor retreat.
(05:28):
Like a Mastermind.
Now last week I talked aboutthe mastermind.
I was just out of Cancun and Iwas a whole week Mastermind of Cancun.
It was amazing.
Loved it.
Met so many great people, evenfound it.
Investors that will invest inmy deals.
They have hundreds of millionsof dollars and they're going to be
investing my deals, which issuper phenomenal.
Then at the same time tomorrowI'm flying to South Africa.
(05:50):
So abroadcon I shared.
Hey, I'm gonna go to Africa.
Anybody want to come with me?
And I had lots of people, wehave like a dozen.
No, I'm like 15 people comingwith me to Africa for a Mastermind.
Now I, it's already full.
You can't come with me now,but you can join me if you in my
mastermind in Denver,Colorado, September 19th through
(06:10):
the 22nd.
This is going to, it's, Ithink there's only a couple spots
left.
So you are going to be one ofvery few, I think like 15 spots total.
But you're going to be one offew people with me for two, almost
two and a half days ofmasterminding together.
And this is getting yourselfinto the right room around the right
people, people that wouldspend money to be in the right room.
(06:33):
Those are the people that areeven more the right people to be
around.
You go to a conference, thoseare great people to be around.
But you go to a Mastermindevent, these people are extra, I
guess advanced or excitedabout their investing or what they're
doing.
And you're going to be rubbingshoulders with them.
And me, I don't do one on onecoaching at all anymore.
(06:57):
But you're going to get me fortwo full days.
So if you go tomasterpassiveincome.com mastermind,
it'll be the link in the description.
You can join me in Denver, Colorado.
Fantastic hotel, the Brown Palace.
It's such a historic hotel.
You need to be here with me.
And this is going to catapult you.
(07:17):
Yeah, just slingshot,catapult, whatever.
Like it's going to get yougoing so fast.
And my goal is to have youcontinue over and over and over again
to buy properties to become afull time investor where you're investing,
just like playing Monopoly,you buy, you know, one property,
then you grow into four andyou get to multifamily, you keep
growing.
My goal is for you toeventually be getting $10,000 a month
(07:40):
in passive income, $20,000 amonth in passive income and more.
And I'm going to get youaround the right people.
Join me in Denver.
You need to be there and it'sgoing to be so great.
I'm going to be sharing allthe tips and tricks as well as you're
going to be networking with people.
More than likely you're goingto find people to invest with.
You're going to might evenfind investors that want to invest
in your deals or even sell youdeals or you never know what's going
(08:01):
to happen.
I spent $50,000 to be a partof a Mastermind.
Click funnels Mastermind.
If you know it.
They are really just fantastic people.
That's why I joined, because Iwant to be around the right people
now you need to be around theright people.
I spent $50,000 to be a partof this mastermind.
This is a year long mastermind.
You can get a glimpse of whatit's like to be in a mastermind.
(08:23):
Come join me in DenverSeptember 19th through the 21st or
sorry, 22nd.
It's gonna be absolutely phenomenal.
Now in today's show, I'm gonnabe walking you through how to invest
in real estate with a fulltime job.
And honestly, it's not as hardas you think.
So I'm gonna go through somuch more and even walk you through.
(08:44):
Like I, I had a full time job,I even had a full time business.
I was investing in real estate.
I had four kids at the time.
Now I have five kids.
Very blessed to have five kids now.
But honestly, if I can do it,you can do it.
My students now it took menine years.
My students, it's taken themfour and five years, maybe even three
years to become financiallyindependent because everything that
(09:05):
I show get my free course justgo to masterpassiveincome.com freecourse
or text the word rental to33777 and I will absolutely just
give you the free course.
You can just get started there.
Start investing.
That's my goal.
If you invest, then I winbecause in life the more people that
I serve, the more, the moremoney they make, the more money that
I make.
And we all win because in theend, shoot, you might be an amazing
(09:28):
investor.
And then I have a deal thatis, let's say I'm raising another
$10 million and you say, heyDustin, I want to invest with you
because I've been so rich andwealthy buying all these other properties,
I'm going to invest with youover here.
It's all about how can weserve more people.
So I'm super pumped to sharewith you how you can invest in real
estate with a full time joband a full time life.
And I want to pause for just aquick second and say thank you so
(09:51):
much for listening to the show.
If you've gotten anything outof the show, I would appreciate it
if you went to anywhere thatyou listen to say Apple or Spotify
or wherever and leave a fivestar review.
Honestly, I really appreciateyou leaving an honest review.
I just love giving all thisinformation out and I want to see
you succeed.
Also send this to one person,just tell one person and say hey
Dustin wants to help a millionpeople to invest in real estate.
(10:13):
You need to listen to thisbecause it's going to change your
life.
Lastly, get my real estateinvestment course completely for
free.
Text the word rental R E N T AL rental to 33777 rental to 33777
I'll literally give you mycourse showing you everything in
the business so that you canbecome financially independent.
(10:34):
Now I know just about everysingle person has a job full time,
part time or whatever.
I even do have some studentsthat are retired that they are basically
living on Social Security andthey still want to grow their business,
they want to invest in realestate and here I am trying to help
them to get started eventhough they don't have a job.
Now I'm going to tell you thathaving a full time job is actually
(10:56):
fantastic in order to start areal estate business.
Even though you and I bothknow that the word job is almost
like a four letter word.
It's a job, it's horrible.
But the acronym of job, what Ilike to share with everybody is that
job is J O B.
You're just over broke.
(11:16):
I mean your boss is onlypaying you enough to keep you working
and not paying you too much,that's going to be taking out of
his or her pocket.
If you're working for thegovernment, they're only going to
pay you just enough to keepyou working.
And you're going to be like,man, this job is horrible, but I
can't give up or I can't quitbecause you know, I make enough money
here.
Well, if you're about to quit,you know, your boss might come to
(11:37):
you and say, hey, you know, Ican't have you quit.
Let me give you a raise.
Well, why didn't you give me araise like a year ago when I needed
it, you know, and so your jobis just over broke.
But there are many greatthings about having a job and I utilize
them as much as I could as Ibuilt my business.
So even though job is a fourletter word, it stands for just over
(11:57):
broke.
There are some good thingsabout having a job in and how having
a job can actually help youbuild your business even faster.
You know, imagine if you wereon Social Security.
You know, you're older andyou're on Social Security.
You don't have the ability tomake more money or get a raise or
anything like that.
Well, it's harder to investbecause you have limited funds coming
(12:17):
in.
So here are some good thingsabout having a full time job.
So to give you a little encouragement.
So number one, you have fulltime job security.
You know, it's security in you.
Even though they can fire youat any time, you have the ability
to rely on your job to bringmoney in.
And on top of that, your moneythat is coming in could hopefully
be able to save to invest andbuy more properties.
(12:41):
You know, if you're on a fixedincome, then that fixed income, it's
hard to actually get moremoney to buy more properties.
You have to figure out someother, you know, unique and creative
ways to find and buy properties.
So you have a lot of securitywhen you have a job.
And that's one of the biggestreasons why people stay in jobs for
their entire lives until theyhave to retire because they're a
(13:01):
little old to keep working isbecause it's job security.
It's security that money'scoming in all the time.
Plus you have things likehealth insurance, a full time job.
Also it fuels your growth foryour investing business.
Like it fuels the ability tobuy more properties faster.
You know, if you get a raise,do not spend that money.
Like if you get an extrahundred dollars in your paycheck
(13:23):
every single two weeks.
That's $200 extra a month.
Don't think, man, I could goget another car or, you know, get
a better car and spend that money.
No, don't think like that.
Think that that $200 is extraevery single month that you can put
in a savings account, a moneymarket account, or someplace that
you can touch that money inthe future, pull it out and buy an
investment property.
(13:44):
So the job that you have, usethat to buy more properties.
Use that to fuel your growthof your business so much faster than
you could if you did not haveany extra money coming in.
Here's another great thing,and I've used this over and over
again.
Now, you've heard me talkabout the B R R R strategy, basically
recycling your money over andover and over again, which I've done
(14:05):
many, many times.
It's so much easier to getloans when you have a job as opposed
to when you don't have a job.
You know, when you don't havea job, the bank is going to look
at you and say, how are yougoing to repay this loan?
You could tell them, well, I'mgoing to use this loan to buy this
property, and that person'sgoing to another person.
I'm going to get somebody elseto live in that property.
They're going to give me moneyevery single month and I'm going
(14:26):
to give it to you.
They would say, well, that'sall well and good, but there's no
proven track record that'sactually going to work.
Now, unless you've been aninvestor for quite a long time like
I have, they need somethinglike a W2 or your paycheck, two years
of employment to prove thatyou're going to continually be working
so that you can pay off themortgage that you're gonna be borrowing
from them.
So before I quit my job, Iactually postponed quitting my job
(14:49):
for an extra six monthsbecause I was working on financing
four properties, pulling allthe money out of those altogether
to buy more properties.
And I knew that if I did quitmy job in the middle of that refinance
process of pulling money out,they would say, hey, what happened?
Well, we're not gonna give youthe loan.
And I really wanted the loanbecause I needed to buy more properties
(15:09):
or I wanted to buy more properties.
All that money equity sittingin those properties that already
owned it was just sittingthere and I was not utilizing it.
So I put it off six moremonths to quit my job in order to
get that financing done.
As soon as that Financing was done.
Literally I'm going to saylike the next day or next two days.
I said, hey boss, I'm quittingmy job.
You know, I'll give you twoweeks notice.
And so I put in a two weeksnotice and then quit my job right
(15:31):
after that.
It was a necessity in order toget my bank financing.
Now, now that I have quit myjob and now what the banks do, they
just look at your tax returnsto make sure that you have money
coming in.
They just, all they reallywant to do is verify that you have
money that can repay whatthey're, what you're borrowing from
them.
So I use my tax returns.
So those are just a few thingsthat are great about having a job.
(15:54):
You know, you have constantmoney coming in.
Like I would suggest, don'tquit until you actually have enough
money to replace your incomein order to invest in real estate
with a full time job, thatthis is the biggest thing.
So if you take anything awayfrom this podcast, any big lesson
that can help you literallychange your life with rental properties,
(16:16):
this is the key that I'm goingto give you.
You do not have a sidebusiness, like a side real estate
or I invest on the side.
You do not have that.
What I'm going to tell you isit's your mindset switching from
you having a job and thenhaving a side business.
Like give you an example.
If somebody stranger that youdon't know comes up to you and you
(16:38):
start talking to each other,you know, like a Christmas party
or some, some sort of party,you guys are saying, hey, so what
do you do?
And the other guy tells youwhat they do and the person asks
you, what do you do?
You don't want to say, well, Iwork for, you know, this banking
company, I work for thegovernment or I work for this or
this is my job.
Don't answer it like that orget that out of your mind that your
(16:59):
first answer is what yourcurrent job is.
You want to get that out ofyour mind.
What you want in your mind isthat you are a real estate investor.
So when anybody asks me beforeI quit my job what I do for a living,
I say, I'm a real estate investor.
And I say, oh, wow, that's,that's great.
What do you invest in?
I invest in rental properties,cash flow every single month.
So that cash flow every singlemonth helps me to continue to build
(17:21):
my business even bigger and bigger.
And if the person asks you,so, so you know, do you, is that
your only job?
You say, no, I have A side job.
You know, I have a side jobworking for, you know, this company
or that company.
So what happens is you have achange in mindset going from being
that person that has that job,like you're identified as the person
that with that job to now youare a real estate investor with a
(17:45):
side job.
Even though the bulk of yourmoney comes in from your side job,
it doesn't matter.
You are an investor, you arewhat you tell other people.
And here's what happened to me.
As soon as I made that shiftin my mindset and started telling
everybody instead of kind ofbeing like hiding it because, oh,
I only have one or two orthree properties, as soon as I made
that shift and started tellingpeople, no, I am an investor with
(18:08):
a side job, so many morethings happened to me where deals
fell in my lap or money fellin my lap, not necessarily money
fell on my lap, but I hadpeople wanting to give me money to
help them invest and be a partof my business.
So many great things happenedwhen I started telling myself I am
an investor.
So I want to encourage you, ifyou take anything away, you are a
(18:30):
real estate investor with aside job.
Stop telling people that youwork for this company or this is
your job over there.
No, you are a real estateinvestor and trust me, things are
going to change because thatgets into your mindset.
Now your mind has changedwhere now you are that investor,
you are what you want to be.
And that gets into our nextthought of how you can invest in
(18:51):
real estate with a full timejob is your mindset.
Your mindset is what's goingto actually get you to where you
create deals.
You get deals done, you getthings done where nobody else thought
they could happen.
So here's a great saying thatI really, really love.
There's two of them that kindof go hand in hand.
Number one, necessity is themother of invention.
(19:13):
So if you're telling yourself,I really want to quit my job, I'm
tired of working for thisboss, I'm tired of working this job.
And it's a necessity like youare making yourself quit your job,
where you're going to find the way.
And the second quote is, wherethere is a will, there is a way.
You're going to find a waythrough that hurdle or through that
roadblock or jumping over that hurdle.
(19:34):
I kind of mix those twoanalogies together.
But you're going to jump overthat hurdle or you're going to get
through that roadblock.
Because with necessity beingthe mother invention, like it's Necessary.
Like you know that eventuallyat some time, your job can fire you
or you can get laid off orsomething bad can happen, or God
forbid something happened toyou, you couldn't work because you
(19:55):
were ill.
Well, with the necessity.
There's a mother invention.
So you got to think in your,in your head, in the future, I might
not have this job and I wantto change my life now.
Let me start working towards it.
And where there's a will,where you saying, In 10 years I'm
going to quit my job, or infive years I'm going to quit my job,
where there's a will, you willmake the way.
Because what's amazing is asyou put your mind to it, as you start
(20:19):
thinking of how to get aroundthese roadblocks, you're going to
see these problems start todissolve in front of you because
you figure out ways around them.
That's the great thing aboutbeing an entrepreneur.
Like us as real estateinvestors, we're entrepreneurs, we,
we see a problem in front of us.
Where most people, they'd seethat problem, they'd stop.
What we do as entrepreneurs,as real estate investors, we see
(20:40):
a problem.
We see it as an opportunity.
An opportunity to make money,to change lives, to make everything
better.
So it's really hard though,and trust me, I've been there where
you don't have any propertiesright now.
It's hard to see the light atthe end of the tunnel, because really,
you, you're not even in thetunnel yet.
You're not even going.
Cause you don't have a property.
(21:01):
Maybe you have one or two orthree properties and you see a dim,
dim light at the end of thetunnel, you know, very, very small.
You're getting a little likemaybe 200, $300 a month every single
month coming in from one ortwo properties.
Well, that light gets biggerand bigger at the end of the tunnel.
The light gets bigger andbigger as you get more properties.
So your mindset needs to beshifting from where you have a job
(21:24):
and, and a side business towhere now you are a real estate investor
and you buy that first property.
Once you buy that firstproperty, you start running down
that tunnel.
And each property you buyafter that, the light at the end
of the tunnel gets bigger andbigger and bigger.
Your emotions start to wellup, like, man, I just got to get
more properties.
This is fantastic.
My life is changing.
(21:45):
The more properties I getallows me to buy even more properties.
This is fantastic.
And this is what I want for you.
I want to see how this changein Your mindset so that instead of
giving up, no, you'rededicated now.
Instead of, well, there's aroadblock and I'm stopping here.
No, you're going to bustthrough that roadblock because you're
persistent.
You're going to keep going.
(22:05):
And so with your mindset, youwant to develop inside yourself a
dedication, a dedication togetting this job done, getting this
business built, buying thatnext property.
Hey, I don't have, you mightbe thinking in your head, I don't
have financing for thisproperty, this deal that I found.
Well, that's a problem thatyou're going to have to figure out.
You see an opportunity, howcan I get past this roadblock?
(22:27):
How can I answer this problem?
How can I get this opportunitychanged into something that's going
to be making me money?
And the next one is persistence.
Being persistent is one of theways, like I am just stubborn.
I'll just keep going and keepgoing until I make it work.
That's just how I am.
And I know you're very, verysimilar because we're entrepreneurs,
we're going to get things donewhere most people won't.
(22:49):
Now, also along with that,your mindset, you need to change
your mind and you need tochange your understanding of how
to actually invest.
When I first got started, Ihad no clue how to invest.
And really, honestly, throughthe school of hard knocks, I really
learned exactly how to do it.
And I've made my business justa well running machine where it runs
without me.
So what I suggest, along withyour mindset, getting, being dedicated,
(23:12):
persistence, and making sureyou have the will to get done, you
need to get education.
You need to get as mucheducation as possible so that you
can really get through thoseroadblocks without having to bang
your head against a roadblocktime and time again.
Because if you get withsomebody like me, like all my students
most, I would say majority, ifnot every single one of their problems
that they come up with, I'veeither gone through it or I figured
(23:34):
out a way around it.
I've been in your shoes.
And so all my students, whenthey come up and say, well, here's
this issue, I don't havefinancing here, or here's this deal,
but this seller wants this.
And I'll say, this is whatI've done, this is how it worked
for me and this is a way Icould have done a little better,
this is a way that worked outperfectly, you should go this route.
And so you need to haveeducation and also get coaching,
(23:55):
get somebody that's going tohelp you get past this next hurdle,
that somebody that's alreadybeen there, you know, like somebody
that's already through thetunnel, they're at the light, at
their, you know, beyond thetunnel, they're waving back at you,
say, come on, you can do it.
So get education, getknowledge, so that when those roadblocks
come, you already know how to,you know, bust through them or jump
over that hurdle.
Get education in your brain sothat you can get past that.
(24:18):
All right, now, here's a bigone for lots and lots of people.
Listen to my podcast.
It's scheduling in the time toget this done, Scheduling the time
to build your business.
Now, I know lots of people areworking, hopefully, you know, 30,
40, 50 hours, but some peopleare even working less or more.
You know, if you're onlyworking 20 hours a week because your
job won't allow you to workanymore, well, you have lots of time
(24:39):
to develop your business.
But what if you're working 70,80 hours a week because it's just
that demanding?
Well, I've been there, trust me.
I had a business where I wasworking for the government, which
I was working like, I don'tknow, it was like 10 hours a day.
On top of that, I had a retailestablishment that I was there basically
from morning to night, and inthe middle had that job.
So 14 hours a day I was working.
But in the meantime, my lunchbreak, when I was working my job
(25:02):
in the government, I'd go anddo work for my real estate, trying
to find new properties, tryingto build my business.
And so every single wakingmoment, I saw the light of the undertunel.
I said, you know what?
I'm going to keep workingtowards that.
Every single waking momentthat I had that I wasn't putting
into a business or to myfamily, I focused on building my
business.
(25:22):
So I'm going to be honest andsay what I suggest.
This is what I tell all my students.
If you spend one hour a week,you know, building your business
or learning, that's not goingto be enough.
It's going to take you a very,very long time.
You know, time is precious.
That's the most expensivecommodity that you can spend is your
time.
Now, wouldn't you rather havequit your job sooner rather than
(25:45):
later?
You know, if you can quit yourjob in 20 years, then you're going
to work towards that.
But what if you can cut thatin half and you could quit your job
in 10 years because you spentmore time studying, more time, more
time building your business,of course, wouldn't it be better
quitting your job 10 yearsearlier than you normally would or
20 years earlier?
I quit when I was 37 years oldbecause I pushed myself.
I spent the time I studied, Ireally tried to build my business
(26:06):
as fast as possible.
So this is what I'm tellingyou right now.
I would, if I were you.
Spend five to six hours eachweek building your business.
I mean, when you think aboutit, five to six hours a week, that's
one lunch a week.
You know, if you're, if yourlunch at your work is an hour along
and, or your commute is anhour or something like that, but
(26:26):
it's, you know, five hours,you have seven days a week.
If you just took your lunch,you know, Monday through Friday,
one hour of your lunch andbuild your business that way, in
that amount of time, you'regoing to have a business very, very
quickly and run much faster.
Now, if you're thinking somepeople may say that they don't have
five or six hours, well,here's the thing.
You need to make the time.
(26:47):
I don't know where you'regoing to get it.
I don't know how I got it.
I just did it.
I said, you know what?
This is important to me.
I'm going to make the time.
It could be, you know, onceyou put the kids to bed, you spend
an hour or two hours studying,building your business, whatever
it might be.
You need to make the time.
Because honestly, this isimportant, you know, it's important
(27:07):
to change your life.
Now, if I didn't spend thistime, I would not be quit.
Like I would not have quit myjob in nine years.
When I was 37 years old, Iquit my job.
And every second that I spentbuilding my business before I quit
my job is so worth it.
Can't tell you how amazing isto not have a mortgage, like literally
paying off your house becauseyou have enough money coming in and
(27:29):
not have a mortgage and alsonot have to worry about bills.
I mean, just imagine nothaving to have a mortgage, not have
to worry about bills becausemoney coming in.
Not to have to.
Not have to work because youhave money coming in, you have an
automatic business coming andbringing that money in.
I can't stress enough at howamazing life is when you have all
these.
When money's taken care ofbecause you have a business spending
(27:52):
five to six hours a week.
You need to make the time todo that.
Next, in scheduling your time,you need to basically organize and
become efficient in your time management.
It could be where you alsomake it a routine where as you're
driving to work, let's say youhave a 30 minute commute driving
to work, you're listening tothe podcast, or you're getting education
(28:14):
or you're calling up mortgagebrokers or you're calling up property
managers.
That's the time that you're doing.
It could be like I said onyour lunch break where you say, okay,
I clock out, let me grab mysandwich, I'm walking, you know,
out of the, out of the office.
You don't want to do work inyour office.
Probably, you know, eat yoursandwich on the way out.
And then as soon as you sitdown on a park somewhere and on a
bench or however it's going tolook like for you, this is.
(28:35):
I was actually outside, youknow, underneath the tree.
And so I made it so that itwas a routine.
Every single hour that I gotfor lunch, I ran outside, started
building my business.
So you need to becomeefficient as well as organized.
Whatever you're doing.
Driving, you know, if you'redriving to the gym, spend time building
your business.
If you are outside mowing thelawn, spend time on your like on
(28:59):
listening to my podcast orlistening to books or getting education
and coaching.
You need to.
Every waking moment that isspent doing something else, I would
suggest develop yourself intothe business.
I literally stopped listeningto the radio, like music for like
five years because there wereso many podcasts, so many books,
so many things I needed to learn.
(29:20):
And so I took all of that timethat would normally gone to just,
you know, kind of vegging outand not doing anything that, or not
being productive.
Instead of doing that, I mademyself very productive.
So try to become efficientwith your time.
Whenever you have an extrawaking moment that you're not devoting
to something else, like yourfamily, your job or something else,
(29:41):
try to capture that time,become efficient and use that to
build your business.
Also in scheduling your andhaving time management, you, you
need to put systems in placeand organizations in place.
Now we live in such a greattime with so much technology that
it is so much easier to investin real estate and also with scheduling
in the time in your life,there's so many ways to make your
(30:04):
time use more efficiently.
You know, like Evernote is agreat place.
You keep all your notes inside there.
Dropbox is another great thing.
Listen to podcasts, but I wantyou to look out for tools that, that
you can use.
And you're probably alreadyusing these, but see how you can
use these for your business tomake your time much more Efficient,
you can schedule things betterand you want to make sure that your
(30:25):
time is utilized the best.
Now this podcast, I'm notgoing to go it's way out of the scope
of this podcast to teach you,you know, the systems to organize
and you know, schedule a time.
I'm sure you can figure thatout pretty easily.
What I want you to do is nowutilize those things so that you
can get your business builtand that you can continue to buy
properties.
You can have other people workfor you.
This goes in the next step.
(30:45):
When scheduling your time andthinking about how much time is spent
on your business, think abouthow you can have other people work
for you, how you can pay otherpeople to do the work that you can
do, but you pay them.
I mean everything fromproperty managers like I don't manage
my properties because myproperty managers do that.
You can have contractors,realtors, wholesalers, mortgage brokers.
(31:10):
And this goes into the nextstep and from scheduling your time
and taking care of your timewith investing while you have a full
time job, what you want to do,a big huge suggestion is to build
a team of others working for you.
You want to have other peopleworking for you day in and day out,
when you are sleeping, whenyou are working, when you're on vacation,
(31:33):
when you're playing with yourkids, you're going on a date.
You want to have other peoplelike property managers, realtors,
like I said, mortgage brokers,bankers, wholesalers, contractors,
handymen, plumbers, all thesesort of people.
Your job is to build a team ofpeople that are working for you.
The biggest thing that you cando in your business is hire others
(31:55):
to do all the work for you.
Now I have a podcast episodethat I want to give you.
Go back and listen to mypodcast episode number eight where
I talk about how you can buildand automate a business by having
a team of people workingaround you.
To listen to episode go tomasterpassiveincome.com 008 that's
(32:15):
the eighth podcast episode.
You're going to learn how tobuild a team who you want on your
team, who are the must havepeople that you need on a team and
then also the nice to havepeople you know if you build it even
further than that and so goback and listen to that episode or
go to the podcast show notesand I walk you through everything
there's so what you want is tobuild a team of people around you.
The next item in how to investin real estate with a full time job
(32:38):
is money and finances.
I know that's one of thebiggest questions I get from everybody,
from all my students, from allmy podcast listeners, from everybody
who reads my books.
It's basically, how do you get finances?
Like, how do you take care ofthe money?
Obviously, you know, if I hada million dollars, I can go buy properties.
Well, everybody could.
You know, I didn't start witha silver spoon in my mouth.
(32:59):
I literally built my businessfrom scratch.
I saved money, bought aproperty, saved more money, bought
another property, refinancedthose properties to then buy more
properties.
So that's how I did it.
So with money and finances, ifI know that's.
Most people have that issue.
One, the first step isincrease the amount of income that
(33:20):
you make.
Now, if you have one job andyou think, well, I'm not making much
money here.
I'm just over broke because myboss isn't.
Isn't giving me more money,well, go and ask for a raise.
It doesn't hurt to ask her a raise.
Literally ask for a raise andsay, you know, I think, boss, I'm
doing a great job and theseare the reasons why I'm benefiting
you.
And here's a tip.
This is a tip outside of thescope of this podcast, but when you're
(33:41):
asking for a raise, don't tellyour boss the reasons why you need
a raise.
Don't tell him that, becausethat doesn't affect him.
He doesn't care.
He or she doesn't care.
You know, they tickle theirears like, oh, he needs this, he
needs that.
Don't tell them that.
Tell them the reasons why theyneed to give you a raise.
Show them how you benefittheir company or whoever you're working
(34:04):
for.
Show them why it's necessaryfor them to give you the raise.
So here's what I want to give you.
This is the tip.
You want to point out to yourboss why they need to give you this
raise, what benefit goes to them.
And when you do that, you.
It's going to make it seemlike in their mind, like, man, we
have to, because this is goingto benefit our company so much.
(34:26):
And I'm not sure.
You're going to have to figureout whatever your job is and whatever
you're doing now, you're goingto have to figure that out.
But you have to figure it out well.
And when you express thereasons why you need a raise, it's
because it's going to benefitthat company.
Okay, so increase your income.
It could be asking for a raise.
It could be driving for Uber.
Like, if I.
If all My properties went tocrap and I literally could not make
(34:49):
any money.
I'm not getting a job.
I'm going to drive for Uber or Lyft.
I'm going to figure out, youknow, Uber eats or I'm going to drive
for Amazon.
I'm going to do.
Driving is a lot of it, butI'm going to do other things.
I'm going to start businesses,I'm going to.
I'm going to go sell thingsdoor to door.
Like, I am not going to workfor somebody else because I had a
taste of what it's like to bemy own person.
So with increasing yourincome, go and get a side job, go
(35:12):
and get another, another.
You know, if you're actually adelivery driver, you're driving for
Uber or something like that,that's more time.
You could be learning.
There's more time that you'remaking money and learning.
So increase your income.
And increasing your income isso that you can save more money.
Now, the next step afterincreasing your income is increase
your savings amount when youhave money.
It's so easy to buy properties.
(35:34):
Trust me, it's so easy.
It's super hard when you have,you know, to get seller financing
or find wholesalers.
I mean, that's much, muchharder to do or if, you know, tax
liens and all that sort of stuff.
But if you have money to spendon the cash, it's so much easier
and you get a big discount.
So you want to increase theamount of savings that you do every
single month.
Put away $100.
Like force yourself a hundreddollars even though you don't have
(35:56):
it.
Force yourself to save $100every single month.
And then in six months,increase that to $125 or $150.
The more money you save everysingle month, the more properties
you will be able to buy andthe faster you will be able to buy
it.
Here's another thing withmoney and finances, cut expenses.
Now, I'm not saying this isgoing to be forever, but you want
to cut expenses so that youcan save more money to buy more properties.
(36:19):
Now I cut so many things outof my expenses way back when I first
started.
Now I have them put it putback in, like, you know, buying coffee
or going out to dinner almostevery, every other night.
Like, I cut those things outbecause I didn't have money, but
now that I do have money, Iput them back in.
So you want to cut expenses.
And it could be you'redriving, you know, maybe $600 a month
(36:39):
more or payment On a car.
Not a mortgage payment, butauto loan payment.
You know, give that car backor sell it.
Get out of that $600 a monthor even $400 a month.
You want to have a car thatgets you from point A to point B
and has as little money comingout of your pocket as possible.
Like I've told you many times,I still drive my 2007 Honda Odyssey
even though I have plenty ofmoney, praise the Lord.
(37:01):
I have plenty of money that Icould go and buy a car, but I don't
because I don't need to.
It's not something.
It's like I cut it out of mysystem of, you know, having expensive
things.
And now that I have plenty ofmoney, it's like, ah, I'm fine without
it.
But who knows?
Maybe in the next few monthsI'm going to go buy my wife a car
just because, you know, I loveher and it's about time.
Maybe it's time to do that.
But you cut your expenses outnow, and then you could put them
(37:22):
back in later.
So this is a huge tip.
Cut your expenses so you cansave more money.
Now the next part is continueto save and continue to use that
money and invest that money to.
So that when you quit yourjob, you have plenty of that innate
sense of saving money in your system.
Continue to save until youactually quit your job.
Like, don't go and overspendon, you know, something that's just
(37:45):
going to take money out ofyour pocket.
I specifically remember a timewhere we had an opportunity to go
to Disneyland with, you know,some friends or family members, and
we said, no, we're not goingto because we're saving money.
I thought, you know, that$3,000 that we're going to be spending
at Disneyland, that's a wholeproperty that I could buy.
I could use that money to buya property now with money and financing,
Continue to save, but thenalso find other investors who may
(38:05):
want to lend you money.
It could be your familymembers, it could be your dad, your
mom or acquaintance.
So with you telling everybodythat you're an investor, somehow
that whole just.
It's really neat how people innetworking, they start thinking,
hey, I don't want to do it,but I have money that I can invest
through you.
Would you want to do that?
When you get to the pointwhere I am, I have people asking
(38:27):
me all the time and like, Ihave money.
Can you invest it for me?
Or, you know, are you buyingan apartment complex?
Can I invest with you?
I'm like, so anyways, I have ahuge long list of all the people
that I could reach out to whenI buying a, you know, like a $10
million apartment complex andsay, hey, we got to raise 2 million,
you know how much money youwant to put in?
You want to get a percentequity in the stake in the property.
So as you become an investorand you get more and more into it,
(38:49):
more people want to give you money.
So be talking to other peopleabout how they can invest with you.
Now another thing, when you'rebuilding your business, you're talking
to mortgage brokers in moneyand financing.
Keep talking to mortgagebrokers, seeing what they need from
you, like what your creditscore needs to be, how much money
you need to make, how they,you know, what they need from you
in order to be able to giveyou a loan for a property.
(39:12):
Now that moves on to networking.
You need to network with other people.
Find a real estate investmentassociation group that meets together
in your area.
More than likely they, they will.
It's a reia.
Like if you just type in REIAin a search, Internet search in your
area.
Like if you're in Oklahomatype, or you know, let's say Tulsa,
type in R E I A Tulsa,Oklahoma, and you'll, you'll probably
(39:35):
find one in your area.
This helps you get aroundother investors that you're going
to be able to, you know, rubelbows with and sharpen each other's
ideas and maybe find dealsthere and find other investors to
work with.
Now with Master Passive incomeand the course, that ultimate real
estate investing course that Ihave, it comes with a real estate
investing group that I haveall my students a part of and we're
all working together trying tohelp each other out.
(39:57):
And I'm in there answeringpeople's questions as well.
And so we're working togetherto build businesses together.
Now I want to give you, afterwe've gone through just all that,
I want to give you a step bystep process that I would take and
that I actually did take tobuy my first property.
Number one, I needed to findan area to invest in.
I needed to make sure I wasinvesting in a place that actually
(40:18):
had a good cash flow, a goodcash return.
And for me, I was inCalifornia when I started investing
and the first place I boughtwas in Ohio.
And it was because they hadgood returns.
I could buy a property forfairly inexpensive money or fairly
cheap.
And I gave, gave me a lot of money.
Passive income coming in.
So first, one, find an area to invest.
Number two, once you Find thatarea to invest in.
(40:39):
You see that there are plentyof properties that you can buy and
you continue to build your business.
You want to build a team towork for you and work in your business.
So where you're going to goand start investing, make sure you
find the property managers,the realtors, the wholesalers, the
mortgage brokers, all thatsort of stuff.
You want to build up yourbusiness in that particular area
(40:59):
so that when you do buy aproperty, you find and you buy a
property, then you have yourteam immediately jump on that property
and start working for you.
Where they're fixing up theproperty, they're leasing it out,
they're getting that tenant inthere, they're collecting rents,
and you have that businessalready running.
So I never buy a propertyuntil I have the business already
(41:20):
running.
Next thing, after you buildthat business, you know, first one,
finding an area.
Number two, you're buildingthe team around you.
Next step number three is tofind a property really utilizing
wholesalers like I said,utilizing realtors, zillow.com, craigslist.com,
or all these different placesto find a property.
Analyzing the numbers andmaking sure that you're gonna make
(41:41):
passive income every single month.
And once you do that, onceafter you have all that everything
in place, you buy the propertybecause you have the mortgage broker,
you know, you have yoursavings, and then you buy that property.
Then immediately have yourproperty manager fix up the property,
Fix up the property, get itready, start listing it for rent,
and then you also find a good tenant.
(42:03):
The next step would be find,really find a good tenant.
I'm a strongly suggest you runa background check.
Never, never, never.
I'll say it again.
Never, never, never place atenant unless you run a background
check.
Now if you use Cozy like I do,it's a property management system
and go there, it's completelyfree to you.
It's fantastic.
MasterPassiveIncome.com Cozy CO Z Y.
(42:25):
If you go there, you will beable to utilize their service.
Put your listing of yourproperty for rent and anybody who
wants to rent your property,you can say, you know, make sure
they do a background check andthe tenant pays for the background
check.
You get the background checkand you can see if this tenant's
going to be a good tenant foryour property.
So use cozy.
Fantastic.
MasterPassiveIncome.com cozy.
(42:47):
Get yourself running goodbackground checks so you can find
a good tenant.
Here's the last step.
Super simple to say, butharder to do.
Do the process all over again.
Like literally do it all over again.
It's a rinse and repeat typeof business.
I now because I have mybusinesses set up in certain areas,
it takes me literally one tothree hours from finding a property
(43:10):
to getting it rented andmaking money every single month because
all I need to do is find a property.
Actually people bringproperties to me so sometimes that
doesn't even take any of my time.
But I run the numbers.
I make sure I get thefinancing set up or my cash or however
I'm going to do it and and buythe property.
So literally takes me at mostthree hours to find a new property
that makes me money everysingle month.
(43:32):
And that is it for today.
Go ahead and get my free realestate investing course Texas word
rental the 33777.
R E N T A L to 33777.
You can also join my realestate wealth builders group coaching.
Get all my courses.
All right, guys, we'll see youin the next show.
See you.
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