May 13, 2025 • 31 mins
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The salient point of today's discourse revolves around the transformative potential of utilizing side hustles, particularly through platforms like Etsy, to generate substantial income that can subsequently be invested in real estate, fostering financial independence. I am privileged to engage in a conversation with my esteemed colleague, Cody Berman, who has adeptly harnessed the capabilities of Etsy to cultivate a lucrative business, allowing him to transition into the realm of real estate investment. As we delve deeper into the episode, we will elucidate the methodologies and strategies that facilitated Cody's financial success, illustrating how these practices can be emulated by our listeners. The discussion will encompass the intricate relationship between side hustles and real estate investments, highlighting the potency of generating additional revenue streams to enhance one's investment portfolio. Ultimately, we aim to inspire our audience to take decisive action towards achieving their financial aspirations through informed investment practices.
A profound exploration of financial independence through real estate investment is presented. The episode delves into the multifaceted avenues through which one can accrue wealth via real estate, emphasizing the necessity of establishing a solid financial foundation prior to venturing into property acquisition. The host, Dustin Heiner, articulates that financial freedom is not merely an aspiration but an attainable reality through strategic investment. Notably, the guest, Cody Berman, elucidates his journey from side hustling on Etsy to amassing a significant real estate portfolio. The discussion underscores the importance of leveraging income generated from side ventures to facilitate the acquisition of properties that yield substantial passive income. Moreover, listeners are imparted with practical insights on how to initiate their own investment journeys, effectively positioning them to transition away from traditional employment towards a life of autonomy and financial security.
Takeaways:
- In the realm of real estate investment, one can achieve financial independence through various methods, including leveraging passive income streams.
- Utilizing platforms like Etsy to generate revenue can serve as a viable...
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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, quit that job,that just over broke job and create
generational wealth byinvesting in real estate.
(00:20):
And in today's show, I'm goingto share with you how you can become
an income based builder.
That's where you make moneyevery single month from your real
estate to not have to work ajob again or be able to have financial
freedom so you could dowhatever you want in life.
All right, let's start the show.
(00:47):
Welcome to the Master PassiveIncome podcast where we talk about
investing in real estate witha special focus on making enough
money to so you can quit yourjob and live the dream life.
And now here is your host,Dustin Heiner.
(01:09):
Hey.
Hey.
Super blessed as always tohave you here with me on the show.
Now I'm fresh off of threeweeks of traveling through Japan.
Now, traveling through Japanwas so amazing.
I drove 3,500 miles to 3,500miles on the left hand side of the
road, or I could say the wronghand side of the road jokingly, but
(01:32):
it was so amazing.
Driving.
Went through Japan and it wasduring the Sakura season.
That's where the cherryblossoms are out.
Super amazing and beautiful.
And so we drove from Tokyo,going all the way up north to the
island of Hokkaido.
That's the top island abovethe main island of Japan.
Just drove all aroundHokkaido, took a ferry because you
(01:55):
know, you had to get therental car across the ocean into
the island to Hokkaido, andthen took the ferry all the way back
and then drove up the northernside of the main island by the Sea
of Japan, saw some familymembers, I have family there that
live in Japan and went to Tokyo.
But we were there for almostthree weeks, 3,500 miles.
(02:17):
And, and I documented a littlefun things like the donut shop that
cost, oh my goodness, it waslike $4 a donut.
But it was so amazing thatJapanese people lined up literally
around the corner every day.
Like literally every day.
And so we waited in line.
Cause we're like, hey, we'rein Japan, let's go ahead and try
it.
But they were amazing donuts.
(02:38):
So I talk about that on myInstagram channel as well as buying
Wagyu Wagyu.
In fact, on my Instagram channel.
It's kind of funny.
You know, some people are niceand some people on Instagram or social
media are kind of rude.
I mean, you can call them jerks.
But anyways, they're saying,hey, this guy's not pronouncing wag
(02:58):
you the best.
He's saying wagu like it's Mr.
Magoo.
It's just weird.
Like, I don't understand howpeople think.
And well, their comments arejust really rude.
But anyways, apparently Imispronounced Wagyu.
Wagyu.
Wagyu.
I think that's how they say it.
But anyways, even though I'mJapanese, I don't speak a ton of
Japanese.
But if you go to my Instagramchannel, the Dustin Heiner, just
(03:22):
look me up on Instagram, the Dustinheiner.
You can even reach out to me.
I love getting DMs.
I would like to chat with you,see how you, how you're doing on
your investing and encourageyou in that.
But I've documented quite afew things in Japan and everything
that we've done in Japan.
Super fun being able to gothrough Japan.
But, uh, anyways, I, I'm superexcited about this one episode that
I'm doing now.
(03:42):
Now, this episode you'relistening to.
This is a recording of theReal Estate Wealth Builders Conference.
And I'm unveiling in thisepisode how you can be an income
builder.
How the Real Estate WealthBuilders Conference is, is changing.
We're changing a lot of thingsfrom the direction who we're focusing
(04:04):
on, all that sort of stuff.
And, and I explain thatbecause my goal is to help you become
an income builder.
Now I'll give you a quicklittle glimpse into it.
When you invest for wealth,you know, like, hey, I just want
to buy a property.
I want to get wealth.
Well, that does notnecessarily equate into income.
In fact, I knew a lot ofpeople back in 2008 when the economy
(04:28):
crashed, they were investingfor wealth.
Well, they didn't invest for income.
And those are the people thatgot hurt really, really bad.
In fact, they went bankruptbecause values went down and they
just went foreclosure and went bankrupt.
Well, I didn't.
I made more money because Iinvested for income.
Well, wealth does not equal income.
But income always equals wealth.
(04:50):
When you invest for realestate or in real estate for income,
you will always get wealth aswell as the opposite is not true.
You know, wealth does notalways equal income.
And, and that's the reason why we.
I'm bringing up this episodeand all the changes at Master Passive
Income that I've been sharingwith you about.
And so if you were at the RealEstate Wealth Builders Conference,
(05:10):
it's now changing because ourreal Estate Wealth Builders conference
is going away and somethingbrand new is coming.
And I, I'm not going to tellyou right now because I want you
to listen to the episode butif you were there, I really appreciate
you being at the Real EstateWealth Business Conference, seeing
everything firsthand.
And I kid you not, I had somany people come to me and say that
(05:30):
they've been to multipleRubecons Real estate.
Well, those conferences andthis one was by far the most impactful,
the most, I guess insightful,encouraging as well as getting them
to invest in real estate.
One of my friends who spoke atthe conference the last four years,
a good friend of mine, shespoke at the conference last four
years and she said this is byfar the best event.
(05:54):
And, and I am so much morepumped up about investing now than
I have in all the other eventsroot cons that you put on.
And it was because of all thechanges that we put on and watch
out because in the future,maybe next couple weeks, maybe month,
I'm gonna actually do a live,well, live virtual if that's what
(06:16):
you can say.
But it's gonna be a virtualbut a live recording.
Recording, how do I say it?
It's going to be live but I'mgoing to be replaying with a host.
I'm going to be there as well.
But we're going to be, Ibelieve we're going to be on Zoom,
but it's going to be a virtualshowing of the entire real estate
weather brothers conferenceand everything and all the learning,
(06:36):
all the excitement, all thatgood stuff.
We're going to be doing thatpretty soon in the next month or
two.
So be on the lookout for thatbecause I want you to get the excitement,
get the basically changing,the life changing experience even
if you didn't show up.
I want you to have that likevarious building experience.
And I'll be completely honestand say right now is amazing time
(06:58):
to invest in real estate.
If you're not alreadyinvesting, you better start investing.
So a couple things.
I bought a 375 unit apartmentcomplex this last month.
I bought three single family homes.
I've refinanced and pulledcash out to buy more properties.
I'm doing subject to dealswhich means I take over the mortgage
payments.
I am, I'm an investor, that'swhat I do.
And I am here to show you whatI'm doing and what I've been doing
(07:21):
since 2006.
In fact I have 30 plusproperties that are making me money
in passive income and I'mgoing to show you exactly how to
do that.
And in this episode that I amshowing you, then this is a replay.
This is a recording of my talkthat I gave at the Real Estate Wealth
Builders conference.
And at this talk, I unveiledthe new vision, new trajectory for.
(07:44):
For you as a real estate investor.
My goal is to help 1 millionpeople to invest in real estate and
hopefully become financiallyindependent and hope you are one
of them.
I've already got thousands andthousands made, tens, maybe hundreds
of thousand people that areinvesting in real estate.
And so I'm on the path and youneed to be one of them to change
your life.
Honestly, this is fulfillingfor me.
(08:07):
When I say that I boughtproperties, those are great.
Now I make money, which is great.
I'm not driven by money, butthe reason why I'm trying to help
a million people to invest inreal estate is because I get fulfilled.
When you.
When you buy your firstproperty, when you buy your fourth
property, when you become ascaler, you start scaling your business
(08:27):
to become a successful realestate investor where you can quit
your job.
I feel fulfilled, like I'vedone something to help another human
being and hopefully that's you.
To be.
Become financiallyindependent, be able to have generational
wealth.
That's my ultimate goal inlife because now it's not worried
about money.
I'm not worried about my family.
I'm blessed to have five kids.
(08:47):
God's so good to me.
I'm very, very blessed.
Praise the Lord.
And now it's all about helpingyou to become a successful income
builder and hopefully becomefinancially independent.
And that's what this episodeis all about.
I'm super pumped to share itwith you.
All right, let's get intotoday's show where I am going to
be showing you how to becomean income builder, which gives you
(09:07):
so many other things.
Wealth, financial freedom, andtime freedom as well.
All right, here we go.
Let's do it.
With that being said, pleasewelcome your friend Dustin Heiner
to the stage.
Yeah.
Here we go.
(09:28):
Here we go.
I have been waiting for thisvery second for a long time.
We've been creating at MasterPassive Income and the Real Estate
Wealth Builder Conference,something that's going to hopefully
make you so much moresuccessful in your real estate investing.
(09:51):
And what I want to do is walkyou through where we've been and
where we're going.
Is anybody excited about theirinvesting journey now after all?
Yes, I want to hear that.
Yesterday we talked through somuch stuff and hopefully you've been
(10:11):
able to believe now that youcan do this, that's my ultimate goal,
is to help you believe nowthat you can do it now.
At the same time, I want tohelp you do it as well.
You guys just heard that Rogertold you that somebody here is going
to get $3,000 to help them buytheir first property.
(10:35):
I believe in you so much thatI want to do that for you.
So you gotta be here tonightor this afternoon.
Cause we're gonna unveil itthere as well as we're gonna raffle
it off.
Justin, are you ready to getmy PowerPoint going?
Awesome.
So this is the direction thatwe're going.
I want to share with you alittle bit about where we've come
(10:57):
from, but also where we are going.
So people may ask me, why isthis the last Real Estate Wealth
Builders Conference?
And also I've heard you justyesterday talking about somebody
coming back, you know, afterthey got success, come back and celebrate
on stage.
It's not that we're going tostop doing events.
I love events.
I love having you guys.
In fact, I love meeting youguys in the hall and talk to you.
(11:19):
I wish I was out there more,but I've been having a lot of things
to do.
But that's not ending.
Let me walk you through alittle bit more.
So why is this the last RealEstate Wealth Builders Conference
and we've had.
This is our fourth year now.
Well, let me take you back tothe beginning on how it started.
(11:40):
Now, if you remember,Yesterday, Charles Rose Jr.
One of my students, came up onStage and in four years, he got 29
units.
Financially independent, in myopinion, I've seen this happen.
I've done it too.
It should take you about fourto five years to become financially
independent, become into thatincome investor.
(12:01):
If you got to work hard, don'tget me wrong, you have to work hard.
But it's possible, absolutelypossible for every single one of
you to do that with that.
Though, imagine in 2021 when Iwas planning the first Real Estate
wealth builders conference.
That's four years now, 2025.
Now, if I would have given youthat roadmap back then, if I would
have helped you get startedback then, even more so right now,
(12:23):
you'd be financiallyindependent if you had taken those
steps.
This is why everything thatwe're doing now from this point moving
forward is to help you becomean income builder.
Let me explain a little bitmore, and I want to pause for just.
A quick second and say thankyou so much for listening to the
show.
If you've gotten anything outof the show.
I would appreciate it if youwent to anywhere that you listen
(12:44):
to say.
Apple or Spotify or where.
Leave a five star 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 say, hey,Dustin wants to help a million people
to invest in real estate.
You need to listen to thisbecause it's going to change your
life.
(13:04):
Lastly, get my real estateinvestment course completely for
free.
Text the word rental R E N T al rental to 3377 rental the 33777
I'll literally give you mycourse showing you everything in
the business so that you canbecome financially independent.
I'm going to take you back tothe beginning.
So in 2015, I can't believe Ifound this video.
(13:27):
This is on 2015, one of thevery first videos I ever created.
I had no clue what I was doing.
I barely started coachingpeople and I created this video and
I gave out my.
Basically, it's a very crappy,crass way to say it, but a very bad
Excel sheet of what I didbecause I'm not a numbers person,
(13:47):
I'm not an Excel person.
I just knew I needed tocalculate things and there wasn't
anything like this back then.
In fact 2006 when I firststarted investing in real estate,
I went to one of those quoteunquote gurus and they said I was
watching because when you'reworking, you watch TV late at night
and you go to work and youwatch TV and you go to work.
(14:08):
Well, I was watching latenight infomercial and this guru said
we're coming to your town freetwo hour seminar.
Well, I went to that two hour seminar.
I was like this is so fantastic.
Well, it was all hype, allsales pitch.
And they said now run to the back.
And they suckered me asprobably other people like you know,
Tom spoke yesterday.
We got suckered into spendingthis much money for this much value.
(14:33):
It was just a way to make money.
That's why I created in 2015master passive income.
I want to help people.
I was already fan shim pendant.
I want to help people justgiving all this stuff away for free.
But then also that past, Iguess issue trauma problem of being
suckered that led me intocreating the real estate Wealth Builders
conference saying thinking wedon't want these high pressure sales.
(14:54):
We don't want high $80 grandfor $2,000 worth of value.
That's what they were doing.
That's what I got suckered in, Tom.
Many people got suckered in.
So in 2015, I started this andI was giving away my Excel sheet.
Now in 2019, so sorry, Istarted Master Passive Income, started
doing that podcast, all thatsort of stuff, selling courses and
(15:16):
books.
And in 2019, I startedsuccessfully unemployed.
This is my podcast as abusiness podcast.
Since then, pausing the story,I've given that over to Roger.
You guys, Roger are master of energy.
He's got a lot of energy, he'sdoing well with success.
Unemployed.
I've offloaded that to him sothat he can take up that mantle and.
But the question came, why areyou doing successfully unemployed?
(15:38):
This is in 2019, kid.
You not.
I was going to give up MasterPassive Income.
I was going to give up all thecoaching in real estate because it
was boring.
It was boring.
People were buying courses.
But I don't make money in my courses.
I make my money through real estate.
And I was not seeing people'slives change.
(15:59):
So the big reason why I wasgetting bored of it and I wasn't
seeing people's lives changebecause this is one thing I want
you to realize.
Real estate is not about properties.
Real estate is not aboutproperties because my goal was to
help people to invest in real estate.
Then I realized real estate isabout people.
(16:19):
No matter if you're workingwith a seller, that you're trying
to buy their home or a tenant,you're trying to get it rented, or
you're trying to sell yourhouse, or you're working with a mortgage
broker or IRA company.
No matter what, everything isabout people.
So what I did was I created in2020 group coaching where I can connect
(16:39):
with lots of people all at one time.
This brought new life to mebecause I had people around me now,
which was so great.
And then Rubecon, because allof my people online said, we want
to get together.
I said, that's a great idea,let me do it.
So 2021 planned it.
Four months later we had ourfirst ever Rubecon and and then we
had in 2023 and 2024, and thennow we have Rubcon here today.
(17:02):
But Rubcon was flawed from thebeginning in my vision of helping
one thou, one million peopleto invest in real estate.
I know that now, at thebeginning I thought it was this is
the great way we'd go.
But now I realized my visionwas flawed, the path was flawed.
Let me share with you, whyflawed from the beginning?
(17:23):
Because first I built rootconaround community.
That's not a bad thing at all.
Don't get me wrong, communityis not a bad thing.
But this is a flawed goalbecause a community of investors
does not make you theindividual person, an investor.
It makes.
It gets a lot of investorsaround us, but it does not focus
(17:43):
on you.
Now, if I make you aninvestor, that leads to an investor
community.
So my focus, instead ofsaying, let's just make a community.
No, no, no.
Now my focus is helping youindividually to become an investor.
Then the second thing, wealth building.
Wealth building is great.
(18:05):
When I first I was like, yes,that's what we all want.
We all want wealth.
But investing for wealth doesnot lead to income.
If you buy just to have abunch of wealth, I know a lot of
people that have a lot of properties.
They're not making any moneyon those properties.
But what does happen?
Investing for income doesbring wealth.
(18:29):
Does that make sense?
Everybody nod your head.
Help me out.
Awesome.
Yes.
If we invest just for wealth,we're missing.
We can miss out on income.
But if you invest for income,you will get wealth.
So that's the flawed design of Rubecon.
Well, I'm going to give youthe new direction for Master Passive
(18:50):
Income and the Real EstateWealth Builders Conference.
And it is all about income building.
It's all about helping you tobuild your income so you become financially
independent, eventually get tobecome an income investor.
Now making you and incomebuilder is my new goal.
(19:10):
That's going to help me reacha million people investing in real
estate and you financially independent.
So Real Estate Wealth BuildersConference is going away.
We're still going to be doinglive events.
It's going to be much moredifferent than you've seen in the
past.
You've seen.
People are saying, oh, man, wedon't have, you know, breakout sessions.
We're not walking in the halls.
I completely get it.
But we're changing everythingbecause I'm focusing on you as the
(19:34):
individual to making you an investor.
Thank you.
Rubecon is changing to beincome Building Live.
Income Building Live is whatis going to be focusing on you to
become an income investor.
(19:56):
With that, we're going to havelots of other changes.
Now Master Passive Income, wehave the coaching and education.
We have the live events withnow Income Building Live.
But you're missing out on thesoftware and the tools and things
that you need to become anincome investor.
And I've been so waiting somuch for this.
(20:17):
We've been working hard.
Is Juan here?
Juan, are you here?
There we go.
Everybody.
This is my Juan.
Stand up.
Go ahead, stand up for a second.
Juan.
There we go.
Okay, this is Juan.
So pausing, Juan came to me.
He's one of my students.
He came to him and said,dustin, I want to do Master Passive
Income Podcast in Espanol.
I was like, what?
(20:38):
Yes, absolutely.
So he started the podcastMaster Passive Income en Espanol.
I have no clue what he'ssaying, so I hope he's doing it right.
He says, but he's great.
And then we started thinking,how do we help more people?
How do we help more people tobuild an income?
Thank you, Juan.
So everybody give a hand for Juan.
(20:59):
I love it, Josh.
Then you also need the toolsand systems to be able to do this.
We have the education, we havethe community, we have the live events
to get you going.
But there are lots of softwareout there.
Don't get me wrong, there'sgood ones out there.
But I want to focus on makingyou an income investor and making
(21:23):
you have financial freedom.
Remember, we have the MountainIncome starter income builder, income
scaler, and income investor.
We want to get you there.
And honestly, in four to fiveyears, you should be there if you
work hard.
Don't get me wrong, it's a lotof work, but you can.
And imagine four years fromnow, five years from now, you look
(21:43):
back and say, man, I'm so gladI took action back then.
Now, 2015, this was my crudeexcel sheet.
Then in 20, I want to say 22,I graded the green light Deal Analyzer,
a beefed up Excel sheet.
I got a couple like CharlesRose Jr.
He's really good at Excel.
I got, anyways, this helps youto analyze deals so much faster in
one minute.
(22:03):
And you see the green lightsthere, those green little tabs.
It tells you, hey, does it fitthe criteria?
Does it not fit the criteria?
And so this works out really,really well.
But it's an Excel sheet, andit's very, very limited.
But it's not bad.
But I thought we could do more.
I started talking to Juan.
Juan said, hey, Dustin, whatif we created a software, an app
that does this and so much more.
(22:24):
I'm like, okay, this soundsreally good.
Let's talk about it.
I've been thinking about it,but I can't program.
I'm not going to program.
So for the last three months,we've been working on this amazing
software for you as a realestate investor to help you to create
income.
Now, this is just to start, Juan.
A month ago, like January 5thor something like that, we had nothing.
(22:49):
And then now we have a software.
And what I want to say is in a month.
If we can create what we havenow, just imagine what's going to
happen as we build it out.
It's going to get better and better.
Creating the tools, thesystems, processes and everything
you need to help you become anincome builder.
This is the direction.
So Rubecon, the real estateWealth Brothers conference is going
(23:11):
away because I'm focusing on you.
And then we all need to focuson income as well.
Sorry, as soon as I turn myface one way the mic cuts out.
So I'm gonna keep it maybethis way.
Okay, so we have the sitecreated, we have the software created.
And I'm go back.
We have the software createdbut this is gonna analyze properties
(23:33):
for you.
And don't worry, I'm gonnagive just a demo in just a quick
second.
But we have where you cananalyze properties, set your own
criteria.
We have preset criteria in there.
We have that for you.
And I jumped a slide.
I wanted to show you somethingreal quick.
So let's see, let me pull up.
So here's the income builder software.
So income building software isgoing to walk you through so that
(23:58):
you can analyze it in quickly seconds.
So here I just last night Iwas like, okay, we're in St.
Louis, let me look for a property.
So here's a property, it's7808 Benmore.
And I said, you know what, letme go ahead and put in here.
So this is what it's going tolook like where you're going to get
in here at a property.
What's the.
It's 7808 Benmore St.
(24:20):
Louis.
There you go right there.
Then it's going to ask youafter you because it pre fills in
the data purchase price.
Well, what was the purchaseprice on here?
230,000.
Whoops, I got a nine in there.
230,000.
Then after repairs, I don'tknow, let's just say we're maybe
capturing $10,000 equity.
Then we down payment 20%.
(24:42):
Let's just leave this.
This is all preset.
You could always change it.
I know we have vendors orsponsors over there that can get
you less down payment.
Taxes per year, estimated.
You've got to fix those aswell or you know, put them in.
Right.
Insurance, estimated.
Maintenance, estimated.
Expected monthly rent.
I looked it up.
This was 1900.
And this is by the way what Ido with my coaching students.
(25:02):
$1,952 Zillow saying let'sjust round it up to 2,000 in case
we fix it up, make it Look alittle better.
Vacancy factor, Propertymanagement goods already preset.
Then we're going to add the property.
And then we're going to look at.
See on the green light.
Deal analyzer.
Green and red lights.
Well, does this fit ourcriterias at the very top?
(25:22):
And so you can go back beforeI get to the top.
You can go back and change andadjust everything.
Like, there's rehab costs thatyou could put in there.
There's closing costs.
You can add in there as well.
But what we love is this oneright here, this cash flow.
Now, as I'm looking at this,I'm like, okay, it's a red light
there.
If I go back.
Oops.
If I go back into the overview.
(25:44):
Sorry, Deal analyzer.
And then it's.
Right now it's red.
Okay.
It's not fitting my criteria.
Well, this is what I coach.
All my students say, Dustin, Ican't buy a house.
That makes me income.
Like, well, we got to fix that.
How do we fix it?
We lower how much we buy aproperty for.
So this is what I mean.
We're investors.
Remember, one of the ways wemake money is we capture equity.
(26:05):
So let's say I go back in.
What's the purchase price?
They're asking $230,000.
Well, I know at that rate, I'mnot making the cash flow that I want.
So.
So I need to adjust that.
And let me say I'm going togive you a tip.
You're an investor.
You're negotiating, negotiate,starting your lowest dollar amount.
So I'm going to say, let's sayI can buy it for $200,000.
(26:27):
And then I'm going to go inhere and save this.
And you can see the cash flowis increased because the purchase
price is lower, mortgage is lower.
All that sort of taxes arehopefully lower because tax basis
is lower.
And now you have a propertythat's cash flowing.
Let me go back and deal analyzer.
You can see it meets your criteria.
But also one thing.
Let's say you wanted your settings.
(26:48):
You wanted to change it, likethe minimum cash needed out of your
pocket.
You're like, you know, I'mgood to spend $40,000, then that's
good.
Or if you were to say, youknow what, most I want is $10,000
out of my pocket or monthlycash flow.
You change all this criteriaso that you have that for how you
want to run your business.
And then that would adjustwhat this looks like.
(27:09):
So we also have.
And we're working on moreadvanced analytics and criteria and
Reporting.
So you get all this.
Now this is just the start.
This is analyzing deals, but Ialso want to help you to find deals.
We're going to be building outa way for you to find deals.
We're going to be building away for you to contact even direct
(27:31):
mail homes or sellers so youcan reach out to them.
Then we're also going to makesure that you can also run the business.
This is just start.
We've done this in about a month.
Wants Phenomenal has done thisso far.
Yes, he's done a great job.
Now there's also.
(27:52):
I want to know who would liketo have access to the software show.
Raise hands.
Awesome.
If your hands are not up,close your ears because I'm going
to give this to everybody for free.
If you don't want it, youdon't have to get it.
I'm going to give it to youfor free because you guys are here.
So I jumped the punchline.
There we go.
Let me show my PowerPoint.
(28:13):
There we go.
So here it is.
How would you like to get access?
Because you are here, Ibelieve in you so much, I'm going
to give you access to it for free.
Is that okay with you guys?
Awesome.
So because you're here,everyone gets this for free.
I couldn't help myself.
This was perfect.
Everybody gets it.
(28:33):
So here's what you're going to do.
Shoot.
I should have put a QR code.
Go to Income builder.
One word.
I O incomebuilder IO.
Go ahead and do it.
Actually, if you want to getit, write it down, but also do it
on your phone.
Right now, at the very top,right hand side, we're just launching
this live.
Nobody else has used this.
At the top, right, you'll see login.
(28:53):
If you're on your phone, clickthe three dots, drop it down, you'll
see login.
It'll take you to a page.
Is everybody with me so far?
Either create an account orclick Google Login that will give
you access to your account for free.
(29:13):
You guys working on it?
Awesome.
This is.
My goal is to help you andthis is another step in the direction
of making you an income builder.
In the future.
We have a roadmap of so manyamazing things that this software
is going to do.
Our goal is to help you becomea successful income builder.
(29:36):
What do you guys think?
Okay, everybody stand up.
Everybody stand up.
Yesterday we did this.
I want to do this again.
We're going to.
If you weren't here, we'regoing to do this.
I want you guys to believethat you can become an income builder.
And by being an incomebuilder, you need to believe it,
(29:59):
and I want you to say it.
So what we're going to do, I'mgoing to count to three.
One, two, three.
And you're going to say yes.
Okay?
Ready and loud.
I want everybody out there onthe street, everybody to hear you.
You guys ready?
Who's ready to be an income builder?
1, 2, 3.
Yes.
Do it again.
1, 2, 3.
Yes.
(30:19):
1, 2, 3.
Yes.
One more time.
We're going to do it three times.
We say yes.
Yes.
And that last one, hold it.
Yes.
Really loud.
You guys ready?
All right, here we go.
One, two, three.
Yes.
Yes.
Yes.
Thank you very much, guys.
All right.
(30:41):
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 real estate.
Wealth builders group coaching.
Get all my courses.
All right, guys, we'll see youin the next show.
See ya.
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, quit that job,that just over broke job and create
generational wealth byinvesting in real estate.
(00:20):
And in today's show, I'm goingto share with you how you can become
an income based builder.
That's where you make moneyevery single month from your real
estate to not have to work ajob again or be able to have financial
freedom so you could dowhatever you want in life.
All right, let's start the show.
(00:47):
Welcome to the Master PassiveIncome podcast where we talk about
investing in real estate witha special focus on making enough
money to so you can quit yourjob and live the dream life.
And now here is your host,Dustin Heiner.
(01:09):
Hey.
Hey.
Super blessed as always tohave you here with me on the show.
Now I'm fresh off of threeweeks of traveling through Japan.
Now, traveling through Japanwas so amazing.
I drove 3,500 miles to 3,500miles on the left hand side of the
road, or I could say the wronghand side of the road jokingly, but
(01:32):
it was so amazing.
Driving.
Went through Japan and it wasduring the Sakura season.
That's where the cherryblossoms are out.
Super amazing and beautiful.
And so we drove from Tokyo,going all the way up north to the
island of Hokkaido.
That's the top island abovethe main island of Japan.
Just drove all aroundHokkaido, took a ferry because you
(01:55):
know, you had to get therental car across the ocean into
the island to Hokkaido, andthen took the ferry all the way back
and then drove up the northernside of the main island by the Sea
of Japan, saw some familymembers, I have family there that
live in Japan and went to Tokyo.
But we were there for almostthree weeks, 3,500 miles.
(02:17):
And, and I documented a littlefun things like the donut shop that
cost, oh my goodness, it waslike $4 a donut.
But it was so amazing thatJapanese people lined up literally
around the corner every day.
Like literally every day.
And so we waited in line.
Cause we're like, hey, we'rein Japan, let's go ahead and try
it.
But they were amazing donuts.
(02:38):
So I talk about that on myInstagram channel as well as buying
Wagyu Wagyu.
In fact, on my Instagram channel.
It's kind of funny.
You know, some people are niceand some people on Instagram or social
media are kind of rude.
I mean, you can call them jerks.
But anyways, they're saying,hey, this guy's not pronouncing wag
(02:58):
you the best.
He's saying wagu like it's Mr.
Magoo.
It's just weird.
Like, I don't understand howpeople think.
And well, their comments arejust really rude.
But anyways, apparently Imispronounced Wagyu.
Wagyu.
Wagyu.
I think that's how they say it.
But anyways, even though I'mJapanese, I don't speak a ton of
Japanese.
But if you go to my Instagramchannel, the Dustin Heiner, just
(03:22):
look me up on Instagram, the Dustinheiner.
You can even reach out to me.
I love getting DMs.
I would like to chat with you,see how you, how you're doing on
your investing and encourageyou in that.
But I've documented quite afew things in Japan and everything
that we've done in Japan.
Super fun being able to gothrough Japan.
But, uh, anyways, I, I'm superexcited about this one episode that
I'm doing now.
(03:42):
Now, this episode you'relistening to.
This is a recording of theReal Estate Wealth Builders Conference.
And I'm unveiling in thisepisode how you can be an income
builder.
How the Real Estate WealthBuilders Conference is, is changing.
We're changing a lot of thingsfrom the direction who we're focusing
(04:04):
on, all that sort of stuff.
And, and I explain thatbecause my goal is to help you become
an income builder.
Now I'll give you a quicklittle glimpse into it.
When you invest for wealth,you know, like, hey, I just want
to buy a property.
I want to get wealth.
Well, that does notnecessarily equate into income.
In fact, I knew a lot ofpeople back in 2008 when the economy
(04:28):
crashed, they were investingfor wealth.
Well, they didn't invest for income.
And those are the people thatgot hurt really, really bad.
In fact, they went bankruptbecause values went down and they
just went foreclosure and went bankrupt.
Well, I didn't.
I made more money because Iinvested for income.
Well, wealth does not equal income.
But income always equals wealth.
(04:50):
When you invest for realestate or in real estate for income,
you will always get wealth aswell as the opposite is not true.
You know, wealth does notalways equal income.
And, and that's the reason why we.
I'm bringing up this episodeand all the changes at Master Passive
Income that I've been sharingwith you about.
And so if you were at the RealEstate Wealth Builders Conference,
(05:10):
it's now changing because ourreal Estate Wealth Builders conference
is going away and somethingbrand new is coming.
And I, I'm not going to tellyou right now because I want you
to listen to the episode butif you were there, I really appreciate
you being at the Real EstateWealth Business Conference, seeing
everything firsthand.
And I kid you not, I had somany people come to me and say that
(05:30):
they've been to multipleRubecons Real estate.
Well, those conferences andthis one was by far the most impactful,
the most, I guess insightful,encouraging as well as getting them
to invest in real estate.
One of my friends who spoke atthe conference the last four years,
a good friend of mine, shespoke at the conference last four
years and she said this is byfar the best event.
(05:54):
And, and I am so much morepumped up about investing now than
I have in all the other eventsroot cons that you put on.
And it was because of all thechanges that we put on and watch
out because in the future,maybe next couple weeks, maybe month,
I'm gonna actually do a live,well, live virtual if that's what
(06:16):
you can say.
But it's gonna be a virtualbut a live recording.
Recording, how do I say it?
It's going to be live but I'mgoing to be replaying with a host.
I'm going to be there as well.
But we're going to be, Ibelieve we're going to be on Zoom,
but it's going to be a virtualshowing of the entire real estate
weather brothers conferenceand everything and all the learning,
(06:36):
all the excitement, all thatgood stuff.
We're going to be doing thatpretty soon in the next month or
two.
So be on the lookout for thatbecause I want you to get the excitement,
get the basically changing,the life changing experience even
if you didn't show up.
I want you to have that likevarious building experience.
And I'll be completely honestand say right now is amazing time
(06:58):
to invest in real estate.
If you're not alreadyinvesting, you better start investing.
So a couple things.
I bought a 375 unit apartmentcomplex this last month.
I bought three single family homes.
I've refinanced and pulledcash out to buy more properties.
I'm doing subject to dealswhich means I take over the mortgage
payments.
I am, I'm an investor, that'swhat I do.
And I am here to show you whatI'm doing and what I've been doing
(07:21):
since 2006.
In fact I have 30 plusproperties that are making me money
in passive income and I'mgoing to show you exactly how to
do that.
And in this episode that I amshowing you, then this is a replay.
This is a recording of my talkthat I gave at the Real Estate Wealth
Builders conference.
And at this talk, I unveiledthe new vision, new trajectory for.
(07:44):
For you as a real estate investor.
My goal is to help 1 millionpeople to invest in real estate and
hopefully become financiallyindependent and hope you are one
of them.
I've already got thousands andthousands made, tens, maybe hundreds
of thousand people that areinvesting in real estate.
And so I'm on the path and youneed to be one of them to change
your life.
Honestly, this is fulfillingfor me.
(08:07):
When I say that I boughtproperties, those are great.
Now I make money, which is great.
I'm not driven by money, butthe reason why I'm trying to help
a million people to invest inreal estate is because I get fulfilled.
When you.
When you buy your firstproperty, when you buy your fourth
property, when you become ascaler, you start scaling your business
(08:27):
to become a successful realestate investor where you can quit
your job.
I feel fulfilled, like I'vedone something to help another human
being and hopefully that's you.
To be.
Become financiallyindependent, be able to have generational
wealth.
That's my ultimate goal inlife because now it's not worried
about money.
I'm not worried about my family.
I'm blessed to have five kids.
(08:47):
God's so good to me.
I'm very, very blessed.
Praise the Lord.
And now it's all about helpingyou to become a successful income
builder and hopefully becomefinancially independent.
And that's what this episodeis all about.
I'm super pumped to share itwith you.
All right, let's get intotoday's show where I am going to
be showing you how to becomean income builder, which gives you
(09:07):
so many other things.
Wealth, financial freedom, andtime freedom as well.
All right, here we go.
Let's do it.
With that being said, pleasewelcome your friend Dustin Heiner
to the stage.
Yeah.
Here we go.
(09:28):
Here we go.
I have been waiting for thisvery second for a long time.
We've been creating at MasterPassive Income and the Real Estate
Wealth Builder Conference,something that's going to hopefully
make you so much moresuccessful in your real estate investing.
(09:51):
And what I want to do is walkyou through where we've been and
where we're going.
Is anybody excited about theirinvesting journey now after all?
Yes, I want to hear that.
Yesterday we talked through somuch stuff and hopefully you've been
(10:11):
able to believe now that youcan do this, that's my ultimate goal,
is to help you believe nowthat you can do it now.
At the same time, I want tohelp you do it as well.
You guys just heard that Rogertold you that somebody here is going
to get $3,000 to help them buytheir first property.
(10:35):
I believe in you so much thatI want to do that for you.
So you gotta be here tonightor this afternoon.
Cause we're gonna unveil itthere as well as we're gonna raffle
it off.
Justin, are you ready to getmy PowerPoint going?
Awesome.
So this is the direction thatwe're going.
I want to share with you alittle bit about where we've come
(10:57):
from, but also where we are going.
So people may ask me, why isthis the last Real Estate Wealth
Builders Conference?
And also I've heard you justyesterday talking about somebody
coming back, you know, afterthey got success, come back and celebrate
on stage.
It's not that we're going tostop doing events.
I love events.
I love having you guys.
In fact, I love meeting youguys in the hall and talk to you.
(11:19):
I wish I was out there more,but I've been having a lot of things
to do.
But that's not ending.
Let me walk you through alittle bit more.
So why is this the last RealEstate Wealth Builders Conference
and we've had.
This is our fourth year now.
Well, let me take you back tothe beginning on how it started.
(11:40):
Now, if you remember,Yesterday, Charles Rose Jr.
One of my students, came up onStage and in four years, he got 29
units.
Financially independent, in myopinion, I've seen this happen.
I've done it too.
It should take you about fourto five years to become financially
independent, become into thatincome investor.
(12:01):
If you got to work hard, don'tget me wrong, you have to work hard.
But it's possible, absolutelypossible for every single one of
you to do that with that.
Though, imagine in 2021 when Iwas planning the first Real Estate
wealth builders conference.
That's four years now, 2025.
Now, if I would have given youthat roadmap back then, if I would
have helped you get startedback then, even more so right now,
(12:23):
you'd be financiallyindependent if you had taken those
steps.
This is why everything thatwe're doing now from this point moving
forward is to help you becomean income builder.
Let me explain a little bitmore, and I want to pause for just.
A quick second and say thankyou so much for listening to the
show.
If you've gotten anything outof the show.
I would appreciate it if youwent to anywhere that you listen
(12:44):
to say.
Apple or Spotify or where.
Leave a five star 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 say, hey,Dustin wants to help a million people
to invest in real estate.
You need to listen to thisbecause it's going to change your
life.
(13:04):
Lastly, get my real estateinvestment course completely for
free.
Text the word rental R E N T al rental to 3377 rental the 33777
I'll literally give you mycourse showing you everything in
the business so that you canbecome financially independent.
I'm going to take you back tothe beginning.
So in 2015, I can't believe Ifound this video.
(13:27):
This is on 2015, one of thevery first videos I ever created.
I had no clue what I was doing.
I barely started coachingpeople and I created this video and
I gave out my.
Basically, it's a very crappy,crass way to say it, but a very bad
Excel sheet of what I didbecause I'm not a numbers person,
(13:47):
I'm not an Excel person.
I just knew I needed tocalculate things and there wasn't
anything like this back then.
In fact 2006 when I firststarted investing in real estate,
I went to one of those quoteunquote gurus and they said I was
watching because when you'reworking, you watch TV late at night
and you go to work and youwatch TV and you go to work.
(14:08):
Well, I was watching latenight infomercial and this guru said
we're coming to your town freetwo hour seminar.
Well, I went to that two hour seminar.
I was like this is so fantastic.
Well, it was all hype, allsales pitch.
And they said now run to the back.
And they suckered me asprobably other people like you know,
Tom spoke yesterday.
We got suckered into spendingthis much money for this much value.
(14:33):
It was just a way to make money.
That's why I created in 2015master passive income.
I want to help people.
I was already fan shim pendant.
I want to help people justgiving all this stuff away for free.
But then also that past, Iguess issue trauma problem of being
suckered that led me intocreating the real estate Wealth Builders
conference saying thinking wedon't want these high pressure sales.
(14:54):
We don't want high $80 grandfor $2,000 worth of value.
That's what they were doing.
That's what I got suckered in, Tom.
Many people got suckered in.
So in 2015, I started this andI was giving away my Excel sheet.
Now in 2019, so sorry, Istarted Master Passive Income, started
doing that podcast, all thatsort of stuff, selling courses and
(15:16):
books.
And in 2019, I startedsuccessfully unemployed.
This is my podcast as abusiness podcast.
Since then, pausing the story,I've given that over to Roger.
You guys, Roger are master of energy.
He's got a lot of energy, he'sdoing well with success.
Unemployed.
I've offloaded that to him sothat he can take up that mantle and.
But the question came, why areyou doing successfully unemployed?
(15:38):
This is in 2019, kid.
You not.
I was going to give up MasterPassive Income.
I was going to give up all thecoaching in real estate because it
was boring.
It was boring.
People were buying courses.
But I don't make money in my courses.
I make my money through real estate.
And I was not seeing people'slives change.
(15:59):
So the big reason why I wasgetting bored of it and I wasn't
seeing people's lives changebecause this is one thing I want
you to realize.
Real estate is not about properties.
Real estate is not aboutproperties because my goal was to
help people to invest in real estate.
Then I realized real estate isabout people.
(16:19):
No matter if you're workingwith a seller, that you're trying
to buy their home or a tenant,you're trying to get it rented, or
you're trying to sell yourhouse, or you're working with a mortgage
broker or IRA company.
No matter what, everything isabout people.
So what I did was I created in2020 group coaching where I can connect
(16:39):
with lots of people all at one time.
This brought new life to mebecause I had people around me now,
which was so great.
And then Rubecon, because allof my people online said, we want
to get together.
I said, that's a great idea,let me do it.
So 2021 planned it.
Four months later we had ourfirst ever Rubecon and and then we
had in 2023 and 2024, and thennow we have Rubcon here today.
(17:02):
But Rubcon was flawed from thebeginning in my vision of helping
one thou, one million peopleto invest in real estate.
I know that now, at thebeginning I thought it was this is
the great way we'd go.
But now I realized my visionwas flawed, the path was flawed.
Let me share with you, whyflawed from the beginning?
(17:23):
Because first I built rootconaround community.
That's not a bad thing at all.
Don't get me wrong, communityis not a bad thing.
But this is a flawed goalbecause a community of investors
does not make you theindividual person, an investor.
It makes.
It gets a lot of investorsaround us, but it does not focus
(17:43):
on you.
Now, if I make you aninvestor, that leads to an investor
community.
So my focus, instead ofsaying, let's just make a community.
No, no, no.
Now my focus is helping youindividually to become an investor.
Then the second thing, wealth building.
Wealth building is great.
(18:05):
When I first I was like, yes,that's what we all want.
We all want wealth.
But investing for wealth doesnot lead to income.
If you buy just to have abunch of wealth, I know a lot of
people that have a lot of properties.
They're not making any moneyon those properties.
But what does happen?
Investing for income doesbring wealth.
(18:29):
Does that make sense?
Everybody nod your head.
Help me out.
Awesome.
Yes.
If we invest just for wealth,we're missing.
We can miss out on income.
But if you invest for income,you will get wealth.
So that's the flawed design of Rubecon.
Well, I'm going to give youthe new direction for Master Passive
(18:50):
Income and the Real EstateWealth Builders Conference.
And it is all about income building.
It's all about helping you tobuild your income so you become financially
independent, eventually get tobecome an income investor.
Now making you and incomebuilder is my new goal.
(19:10):
That's going to help me reacha million people investing in real
estate and you financially independent.
So Real Estate Wealth BuildersConference is going away.
We're still going to be doinglive events.
It's going to be much moredifferent than you've seen in the
past.
You've seen.
People are saying, oh, man, wedon't have, you know, breakout sessions.
We're not walking in the halls.
I completely get it.
But we're changing everythingbecause I'm focusing on you as the
(19:34):
individual to making you an investor.
Thank you.
Rubecon is changing to beincome Building Live.
Income Building Live is whatis going to be focusing on you to
become an income investor.
(19:56):
With that, we're going to havelots of other changes.
Now Master Passive Income, wehave the coaching and education.
We have the live events withnow Income Building Live.
But you're missing out on thesoftware and the tools and things
that you need to become anincome investor.
And I've been so waiting somuch for this.
(20:17):
We've been working hard.
Is Juan here?
Juan, are you here?
There we go.
Everybody.
This is my Juan.
Stand up.
Go ahead, stand up for a second.
Juan.
There we go.
Okay, this is Juan.
So pausing, Juan came to me.
He's one of my students.
He came to him and said,dustin, I want to do Master Passive
Income Podcast in Espanol.
I was like, what?
(20:38):
Yes, absolutely.
So he started the podcastMaster Passive Income en Espanol.
I have no clue what he'ssaying, so I hope he's doing it right.
He says, but he's great.
And then we started thinking,how do we help more people?
How do we help more people tobuild an income?
Thank you, Juan.
So everybody give a hand for Juan.
(20:59):
I love it, Josh.
Then you also need the toolsand systems to be able to do this.
We have the education, we havethe community, we have the live events
to get you going.
But there are lots of softwareout there.
Don't get me wrong, there'sgood ones out there.
But I want to focus on makingyou an income investor and making
(21:23):
you have financial freedom.
Remember, we have the MountainIncome starter income builder, income
scaler, and income investor.
We want to get you there.
And honestly, in four to fiveyears, you should be there if you
work hard.
Don't get me wrong, it's a lotof work, but you can.
And imagine four years fromnow, five years from now, you look
(21:43):
back and say, man, I'm so gladI took action back then.
Now, 2015, this was my crudeexcel sheet.
Then in 20, I want to say 22,I graded the green light Deal Analyzer,
a beefed up Excel sheet.
I got a couple like CharlesRose Jr.
He's really good at Excel.
I got, anyways, this helps youto analyze deals so much faster in
one minute.
(22:03):
And you see the green lightsthere, those green little tabs.
It tells you, hey, does it fitthe criteria?
Does it not fit the criteria?
And so this works out really,really well.
But it's an Excel sheet, andit's very, very limited.
But it's not bad.
But I thought we could do more.
I started talking to Juan.
Juan said, hey, Dustin, whatif we created a software, an app
that does this and so much more.
(22:24):
I'm like, okay, this soundsreally good.
Let's talk about it.
I've been thinking about it,but I can't program.
I'm not going to program.
So for the last three months,we've been working on this amazing
software for you as a realestate investor to help you to create
income.
Now, this is just to start, Juan.
A month ago, like January 5thor something like that, we had nothing.
(22:49):
And then now we have a software.
And what I want to say is in a month.
If we can create what we havenow, just imagine what's going to
happen as we build it out.
It's going to get better and better.
Creating the tools, thesystems, processes and everything
you need to help you become anincome builder.
This is the direction.
So Rubecon, the real estateWealth Brothers conference is going
(23:11):
away because I'm focusing on you.
And then we all need to focuson income as well.
Sorry, as soon as I turn myface one way the mic cuts out.
So I'm gonna keep it maybethis way.
Okay, so we have the sitecreated, we have the software created.
And I'm go back.
We have the software createdbut this is gonna analyze properties
(23:33):
for you.
And don't worry, I'm gonnagive just a demo in just a quick
second.
But we have where you cananalyze properties, set your own
criteria.
We have preset criteria in there.
We have that for you.
And I jumped a slide.
I wanted to show you somethingreal quick.
So let's see, let me pull up.
So here's the income builder software.
So income building software isgoing to walk you through so that
(23:58):
you can analyze it in quickly seconds.
So here I just last night Iwas like, okay, we're in St.
Louis, let me look for a property.
So here's a property, it's7808 Benmore.
And I said, you know what, letme go ahead and put in here.
So this is what it's going tolook like where you're going to get
in here at a property.
What's the.
It's 7808 Benmore St.
(24:20):
Louis.
There you go right there.
Then it's going to ask youafter you because it pre fills in
the data purchase price.
Well, what was the purchaseprice on here?
230,000.
Whoops, I got a nine in there.
230,000.
Then after repairs, I don'tknow, let's just say we're maybe
capturing $10,000 equity.
Then we down payment 20%.
(24:42):
Let's just leave this.
This is all preset.
You could always change it.
I know we have vendors orsponsors over there that can get
you less down payment.
Taxes per year, estimated.
You've got to fix those aswell or you know, put them in.
Right.
Insurance, estimated.
Maintenance, estimated.
Expected monthly rent.
I looked it up.
This was 1900.
And this is by the way what Ido with my coaching students.
(25:02):
$1,952 Zillow saying let'sjust round it up to 2,000 in case
we fix it up, make it Look alittle better.
Vacancy factor, Propertymanagement goods already preset.
Then we're going to add the property.
And then we're going to look at.
See on the green light.
Deal analyzer.
Green and red lights.
Well, does this fit ourcriterias at the very top?
(25:22):
And so you can go back beforeI get to the top.
You can go back and change andadjust everything.
Like, there's rehab costs thatyou could put in there.
There's closing costs.
You can add in there as well.
But what we love is this oneright here, this cash flow.
Now, as I'm looking at this,I'm like, okay, it's a red light
there.
If I go back.
Oops.
If I go back into the overview.
(25:44):
Sorry, Deal analyzer.
And then it's.
Right now it's red.
Okay.
It's not fitting my criteria.
Well, this is what I coach.
All my students say, Dustin, Ican't buy a house.
That makes me income.
Like, well, we got to fix that.
How do we fix it?
We lower how much we buy aproperty for.
So this is what I mean.
We're investors.
Remember, one of the ways wemake money is we capture equity.
(26:05):
So let's say I go back in.
What's the purchase price?
They're asking $230,000.
Well, I know at that rate, I'mnot making the cash flow that I want.
So.
So I need to adjust that.
And let me say I'm going togive you a tip.
You're an investor.
You're negotiating, negotiate,starting your lowest dollar amount.
So I'm going to say, let's sayI can buy it for $200,000.
(26:27):
And then I'm going to go inhere and save this.
And you can see the cash flowis increased because the purchase
price is lower, mortgage is lower.
All that sort of taxes arehopefully lower because tax basis
is lower.
And now you have a propertythat's cash flowing.
Let me go back and deal analyzer.
You can see it meets your criteria.
But also one thing.
Let's say you wanted your settings.
(26:48):
You wanted to change it, likethe minimum cash needed out of your
pocket.
You're like, you know, I'mgood to spend $40,000, then that's
good.
Or if you were to say, youknow what, most I want is $10,000
out of my pocket or monthlycash flow.
You change all this criteriaso that you have that for how you
want to run your business.
And then that would adjustwhat this looks like.
(27:09):
So we also have.
And we're working on moreadvanced analytics and criteria and
Reporting.
So you get all this.
Now this is just the start.
This is analyzing deals, but Ialso want to help you to find deals.
We're going to be building outa way for you to find deals.
We're going to be building away for you to contact even direct
(27:31):
mail homes or sellers so youcan reach out to them.
Then we're also going to makesure that you can also run the business.
This is just start.
We've done this in about a month.
Wants Phenomenal has done thisso far.
Yes, he's done a great job.
Now there's also.
(27:52):
I want to know who would liketo have access to the software show.
Raise hands.
Awesome.
If your hands are not up,close your ears because I'm going
to give this to everybody for free.
If you don't want it, youdon't have to get it.
I'm going to give it to youfor free because you guys are here.
So I jumped the punchline.
There we go.
Let me show my PowerPoint.
(28:13):
There we go.
So here it is.
How would you like to get access?
Because you are here, Ibelieve in you so much, I'm going
to give you access to it for free.
Is that okay with you guys?
Awesome.
So because you're here,everyone gets this for free.
I couldn't help myself.
This was perfect.
Everybody gets it.
(28:33):
So here's what you're going to do.
Shoot.
I should have put a QR code.
Go to Income builder.
One word.
I O incomebuilder IO.
Go ahead and do it.
Actually, if you want to getit, write it down, but also do it
on your phone.
Right now, at the very top,right hand side, we're just launching
this live.
Nobody else has used this.
At the top, right, you'll see login.
(28:53):
If you're on your phone, clickthe three dots, drop it down, you'll
see login.
It'll take you to a page.
Is everybody with me so far?
Either create an account orclick Google Login that will give
you access to your account for free.
(29:13):
You guys working on it?
Awesome.
This is.
My goal is to help you andthis is another step in the direction
of making you an income builder.
In the future.
We have a roadmap of so manyamazing things that this software
is going to do.
Our goal is to help you becomea successful income builder.
(29:36):
What do you guys think?
Okay, everybody stand up.
Everybody stand up.
Yesterday we did this.
I want to do this again.
We're going to.
If you weren't here, we'regoing to do this.
I want you guys to believethat you can become an income builder.
And by being an incomebuilder, you need to believe it,
(29:59):
and I want you to say it.
So what we're going to do, I'mgoing to count to three.
One, two, three.
And you're going to say yes.
Okay?
Ready and loud.
I want everybody out there onthe street, everybody to hear you.
You guys ready?
Who's ready to be an income builder?
1, 2, 3.
Yes.
Do it again.
1, 2, 3.
Yes.
(30:19):
1, 2, 3.
Yes.
One more time.
We're going to do it three times.
We say yes.
Yes.
And that last one, hold it.
Yes.
Really loud.
You guys ready?
All right, here we go.
One, two, three.
Yes.
Yes.
Yes.
Thank you very much, guys.
All right.
(30:41):
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 real estate.
Wealth builders group coaching.
Get all my courses.
All right, guys, we'll see youin the next show.
See ya.
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