Feb 28, 2020
Weeks after his wife gave birth to their fourth child, Dustin Heiner found himself laid out from his job. In this moment, he realized his value should not be tied to his job. His first step was to call around the firm to get another job. His second step was to focus on investing and building separate income streams. Dustin helps others become successfully unemployed through his podcasts and websites. In this episode, Dustin shares how he invests with a location independent model, his rules for building a business and how he’s successfully unemployed.
Partner: The Real Estate Syndication Podcast hosted by Whitney Sewell
Key Insights
- Shortly after his wife gave birth to their 4th child, Dustin found himself laid off unexpectedly
- Invested in various businesses and real estate worked best
- Lived in Arizona and decided to fly to Ohio and started investing in Youngstown, OH
- Buys single-family rentals that generate $250 or more per month
- 3 bedroom, 2 bath home, 1200-1500 sq ft with 2 car garage
- Loves the Midwest, Carolinas, and Florida
- Keeps return expectations simple with a focus on cash-on-cash return
- Build the business
- A good property management is like a quarterback and critical to investing in a market - interview 5-6 managers
- The more people you can help, the better your business will do
- Ran a convenience store and enjoyed meeting customers daily
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Bull’s Eye Tips:
Apparent Failure:
Getting laid off while focusing on a career
Most Recommended Book:
The Richest Man in Babylon by George S. Clason
Most Recommended Digital/Mobile Resource:
Cozy
Daily Habit:
Focus on having one accomplishment each day
Wish I Knew When I Was Starting Out:
How to invest in real estate the right way
Current Curiosity:
How to help more people
Best Place to Grab a Bite in Phoenix:
Top Shelf Mexican Restaurant
Connect with Dustin:
Website: SuccessfullyUnemployed.co
Website: MasterPassiveIncome.com/freecourse
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