Episode 152

Building wealth through real estate in 2023

with Dustin Heiner

Watch the highlights

About this episode

For today's episode of Living Off Rentals, we’ve got returning guest Dustin Heiner. As a bit of a reintroduction, he is a successful investor and a veritable resource of real estate knowledge. He authored several books on rental property investing, and hosts two successful podcasts: Master Passive Income and Successfully Unemployed.

Dustin joins us today to talk more about his work, his story, and his mission. He talks about his initial foray into the world of real estate investing and how he has found his passion in teaching others to find their own success in the industry.

As a mentor and community builder at heart, Dustin also touches on the subject of his books and the Real Estate Wealth Builders Conference (REWBCON).

Dustin put together the first REWBCON last year and I had the honor of attending and speaking at the event. This was by far one of the most valuable real estate gatherings, I've ever had the opportunity to attend. To get your discounted tickets to this years event, go to www.REWBCON.com and enter promo code: Kirby

Catch the full discussion here.

Guest Resources:

Sign up for The Real Estate Wealth Builders Conference @ www.rewbcon.com

Use the promo code “Kirby” to get 10% off the tickets at check out!

Dustin’s Master Passive Income Podcast - https://www.masterpassiveincome.com/podcast

Successfully Unemployed Podcast - https://successfullyunemployed.co/podcast

Show Links:

Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals

Living Off Rentals Website -www.livingoffrentals.com

Living Off Rentals Instagram -www.instagram.com/livingoffrentals

Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals

In this episode

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Transcript

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0:04I I was working for the count local County government in California C California government office I was doing technology as well so government technology California those things those three things are definitely not going away so the most secure job I could ever get i'll fast forward the story I actually kind of paint a bigger picture of everything that happens in the last episode but what happened was I literally was planning my life around my job my career and most of us do that most of us we taught from the beginning when we're born you go to school you get good grades and you get those good grades and you go to college you get in thousands and thousands of dollars into debt and then you get a good grades again you try to get a piece of paper it's a degree and you go around and go to other businesses and try to get a job I did that I followed that just like everybody else well

0:53It's I I'll jump to the punchline but if you want to hear the full story you definitely listen the episode but I literally after my fourth child was born literally two weeks later I go on paternity leave when I get back I get laid off from my job my most perfect job exactly and from that point forward I realized that what I was doing people would ask me the question Dustin what do you do we all get this question what do you do when we answer that usually and this is what I did I work for the County government I do it work and you know I project my value is being in my job my value doesn't come from my job my value comes from my God for myself and from my family well what I really realized literally that same like 20 minutes after I got laid off I was sitting in my desk and I was contemplating what in the world am I going to do and

1:41I realized I've always wanted to be an investor I had one property and life got in the way so I stopped and I said you know what I'm never going to let anything stop me again and I'm going to make sure that this never happens to me again I'm going to make sure that nobody could take away my ability to feed my family so right then and there I started telling every single person I made a commitment to myself I am an investor that's what I am if somebody ask me what do I do I'm an investor May so happen that 100% of my money comes from my job that's now my part-time job I am a fulltime investor so fast forward the story started buying property after property each one making me $250 or more in passive income and I started back in 2006 all through the crash and everything kept buying properties nothing affected me because like the crash didn't affect me now the values went down but I didn't care this is generational wealth

2:29I'm going to literally give these properties to my four kids and I made money whe whether the market went up Market went down or the market went sideways now I'm making more than $250 like that's the minimum some of I'm making five six seven $800 a month in passive income after 30 plus properties I like man why why would I ever work again so blessed praise the Lord to be able to be successfully unemployed I love that term and now with that I had so many friends family members friends from church asked me how did you do it like what did you do and I I'm a real estate investor and they would always ask me the second question comes really quickly can you show me how to do it and then I started teaching friends oneon-one and they started quitting their jobs because they had properties and I realized oh my goodness I actually like doing this so as 37 years old quit my job had extra time like I got to started doing something so I started writing books and a podcast and

3:18All that sort of stuff and that's where we're fast forwarding to now is I have so many people in my audience from my podcast and YouTube and coaching and all that sort of stuff that I thought you know what they were asking me sorry I I didn't think this my students said Dustin we want a Meetup we want to get together we're friends online we know we have our networking and like you know our community that we have for all my students and they said we want a Meetup and I thought wow that's a good idea but a Meetup is a lot of work and if I'm gonna do it I don't do anything halfway I do everything as best as I could so I thought if I'm gonna put together an event let's make it a big conference and there also another big reason why I decided to make a big conference was not to most real estate conferences they're sales pitches they're literally all hype and then they say now run to the back and it's normally a

4:06Billion dollars join our program but now it's only you know $5,000 for you join today or something like it's just something ridiculous that's absolutely the opposite of what I wanted to create I wanted to create a community in fact what I wanted was something that I would be able to benefit from when I was starting out there was nothing like this in fact there weren't any podcasts or YouTube channels or you know Kirby with you living on they didn't have any of that stuff when I first started I was all by myself it was so hard I almost gave up a number of times because it was so hard I was doing it by myself all my friends they didn't know what I was talking about they thought it was crazy but not everybody in the world like in the entire United States there's so many people that invest so fast forward to now people like you Kirby awesome people like you that are genuine people that want to give a

4:54On the side of serving and giving I started calling up all my friends because I've been podcasting youtubing for a a while and with that I've made a lot of friends Real Estate Investors who let's say syndication or land investing storage units araban B like you Kirby all I run the gamut of all types of investing I have lots of friends and so I started calling all of them I said hey I have an idea of building a community and it just so happens we have a conference that we come together every year would you want to be a part of it would you want to bring your community with you to meet my community and we can create one huge investor community fast forward 28 speakers including yourself because honestly Kirby it was when you were on my show I was like man this Kirby's a good guy I want to bring him on I want to bring him to rcon well first I think I brought you no I was on your show and then I was

5:42Like you know what how about you come on my show and then after that I said hey you would be awesome you'd be a perfect fit for rcon because if you guys everybody listening to your show Kirby and then so you you whoever's listening to us right now you know Kirby you know his his personality you know he he wants to give he his he wants to air on the side of helping other people and that's the type of people that I invite to be a speaker in fact the only speakers that we have in fact we have 35 speakers now we had 28 last year we have 35 speakers now and they're only by invite only that would actually fit the community there I'll be completely honest there are and K I'm telling you this there are a number of people that want to speak at rcon but they just don't fit now it's nothing wrong with them they just don't fit the the Community Vibe and so

6:30If you Vibe with Kirby then hopefully you'll Vibe with me because Kirby and I get along at least I think we get along very very well but that's the that's the community that we want to build is what I didn't have when I first started investing back in 2006 when I was 37 years old I was able to quit my job and start doing all of this now and so fast forward to now we're building and it's not networking it's definitely not because I personally find that networking has a connotation of like it's a win lose situation or you try to make a win-win with other people which you definitely want to do that when you're networking if it's a win lose it's not networking it's just taking and so I realize that the networking is not what we want or it's good don't get me wrong networking is fine but what we need not what we want but what we need is

7:19Community what we need is other people around us that have either done it before like Kirby and all the other speakers who have done it before that have proven business models and other people who are starting out or in the middle or you know they have a number of properties we want a community of people where we can all help each other to to number one grow to to learn to get past roadblocks to pass along deals in fact we'll I'll I'll pause because I I definitely want to talk about successes that have happened so many I've been I've been blessed to hear lots of successes from rubod coming from there but my students that come to me for rental properties they're saying hey I also want Airbnb I want short-term properties it's like Kirby's Your Man start talking to Kirby they go over and start working with you it's so it's all where

8:07We all help each other out what I try to find is a winwin win everybody's winning and everybody is blessed by this big community so last year we had 200 over 200 attendees 28 speakers 15 sponsors that were services that we actually use in our businesses I just didn't take anybody's money I said no are you something that would benefit the attendees that's the end goal is to benefit the attendees this year fast forward it'll be in May 4th through the 6th of 2023 and with that I'm shooting hoping for 600 attendees we're gonna have at right now we have 35 speakers so I got to figure out how to logistically place all that and then sponsors sponsors that are there to help you in your business so that's the big brought overview of me and the real estate Wealth Builders conference and I would love everybody

8:57To join us at the conference and before before you get to the end because I usually wait till the end to give out something but if you use so if you go to the real estate wealth Brothers conference and I'm sure you'll put in the description but rcon docomo R rwbc n.com that's the abbreviation if you use the promo code Kirby it'll give you $10 off sorry $10 that's not that's not nearly enough 10% off your entire ticket whichever level you buy there's a VIP where you can literally hang out with all the speakers and all that stuff but yeah use the promo code Kirby and it'll get you 10% off of your ticket and it is looking to be like I am blessed just by being able to hang around all my friends again you know 35 of us and help so many people yeah that that's amazing that and I've had so many guests

9:45Previous guests on this podcast as a result of rupon since rupon and you know I think in the intro i' I've said it at least probably seven or eight times with guests like oh we met as a result of both attending rcon so I learned so much just from the the people I met the deals I did and the opportunities that were creative created I think it's it was I mean I I highly recommend it for everybody who's listening to this and like you said it's it's not a a pitch Fest which I've been doing this for about 12 years now and I've learned a lot of especially early on a lot of what I know from conferences the problem was that there was a lot of conferences that I went to where it was that high pressure sales run to the back of

10:33The room you know and we're going to make you feel terrible about yourself unless you buy this thing and you know you have opportunities for attendees to tap into products and resources there if it aligns with their goals but there's none of that high pressure stuff there it's like you know it's it's just you're you're there like you said to to build your network and to to become a better investor and everyone kind of comes in with that mindset and it shows through and I think it starts with the the founder of the conference so I appreciate you you putting that together I I I do want to hear a bit more about some of the success stories that have come out of it and you know maybe what what results could somebody expect if they're thinking about attending I okay so we'll start with the results and then we'll definitely get into the

11:21Testimonies or the things that have come out of for for the attendees actually let me quick take one more giant step so during the conference this year so was 2022 when we had it in March during the conference I would go up to people that my personality is actually I'm I'm also kind of thinking of changing when I would tell everybody I'm an investor I'm gonna start almost I'm thinking I'm gonna start telling everybody I'm a servant now like I just want to serve as many people as possible so I would go up to any attendee like just random person that I just hey you're walking by hey how are you doing how is there anything I can help you with and honestly I kid you not Kirby 100% without provocation like I even ask like what do you think about the conference 100% of the attendees said Dustin we are gonna come back

12:10Next year this is amazing I'm gonna bring my family my kids or my my brother or my neighbor who wants to invest I'm gonna be bringing more people you better do it again because I told everybody hey this is a one-time thing unless my wife says it's okay to go ahead because it's like a half a million dollars that I'm guaranteeing in order to put on this conference if it doesn't work out I got answer to my boss my wife and so because everything worked out so well I I was talking to my wife like the last day and I said hey babe what do you think about doing it again she said okay I think you can you know it worked out very very well we're blessed not to lose money on this deal which or this this conference because usually I've been told by lots and lots of people who have conferences you're going to lose money on your first one like just accept it but you'll grow the next one praise the lord we B basically a little bit more than even which was nice so I didn't lose money

12:58Into this situation he said go ahead and do it again so everybody was asking me can we do it again the the speakers like like you Kirby as well as the sponsors were saying we wanted you to do it again so I okay we're going ahead and do it again and so that was just a reaffirmation in the conference itself like while we're there that I need to do it again and then looking at the like results if somebody's going to come to the conference because then I'll get to like the outcomes of other people attendees that have showed up and have changed their lives with this with rcon so what you can expect are a number of things number one the biggest thing is community the biggest thing is being around other likeminded people I'll tell you I'm an investor like I literally am an investor I invest in real estate and in my realm of influence with me also telling all my friends and people at

13:47Church and everybody there's I I don't even think I can count one maybe one other person that's actually an investor and from right now I could think of other than the students that I've already C it was like just one person because it's hard to find the right people that are the same type of giving mindset not the takers you know when you come across a taker it's like you're they're punching you in their face with they they're taking personality and so that what you can expect number one is a community of other like-minded people that want to see everybody succeed because it's not a zero some game where everybody like one person wins and one person loses no I found the more people that I serve the more people that I help the better my life gets and the better everybody else's life gets if we can create win-win wins

14:36With that so the community is definitely one you can expect number two amazing education like we're going to be doing breakout sessions and keynote speeches where most of them like I said for Real Estate it's a pitchfest you now run to the back or go give us money and that's how it normally is not at rub con we're all about educating and coaching we're have people even like accountants come and lawyers come and and people for like Airbnb like you Kirby also for anybody who's military I'm creating or hopefully Lord willing going to be able to create a track basically a set number of breakout sessions that are for the military it's called the military Wealth Builders and if you're in the military if you're a veteran if you're active if you're a part of that there's so many benefits there so many things you can do to invest right

15:25Now we want to help you to learn that so what you're going to be learning number one is community number two you're going to be learning great quality education people people like Kirby and all the other amazing speakers another thing along with the community and this in the education you're also going to be around all of these speakers all of these people you're G to get see different ways to invest I love rental properties like long-term Buy and Hold rental properties I'm going to give these properties to my kids they're generational wealth creation Now with that I am not a syndicator I don't want to Syndicate properties I don't want to be teach anybody how to invest in land I don't want to you I don't want to do all that stuff like storage unit now I invest in land I invest in storage units I invest in syndications but I am not an expert I'm not going to coach that but

16:13You're gonna get other people who are amazing Real Estate Investors doing different ways to invest and you're G to say hey I like this I'm already getting you know getting this under my feet I'll give you one example one of my students Shan and Roberto they're they're fantastic couple they are my students they've been buying properties they're growing and then Co rupon they're like hey I like Kirby and I W I was listening to him talk about short-term properties I want us I want to do short-term rental properties I said Kirby's your man go ahead and do that and so they have blessed now where they now have their rental properties long-term Buy and Hold properties they also started investing in short-term properties as well and they're one first short-term property is now doing Fant I talked to them they're one of my one-on-one coaching students so it's doing really really well for them so you can expect to have your mind opened up to

17:02Different possibilities of let's say you're a land investor other ways to invest in land like that's that's a given but then other ways to invest period all the great ways to invest and people who have created systems like myself I created a system to share with my students how to do it to rip out all the wrong things that I've done you know all the mistakes that I've done so that they're not in the system but keeping all the good things and all of years of experience in coaching in teaching people how to do this so that we see success so we emulate that we help you everybody to continue to grow in that so that's what you can absolutely Su expect excuse me when you come to the real estate wealth Village Conference so I'll pause because I can definitely jump into some outcomes that I've had from attendees but you probably have some more questions or

17:50More ideas to talk about yeah a

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