You're listening to the Master Passive Income Podcast Network.

Welcome to the Master Passive Income Show.

This is Dustin Heiner, and I'm here to help you create wealth, afford anything you want in life by investing in real estate and achieve financial freedom.

And in today's show, we're going to be talking to a fantastic student of Master Passive Income who has in two months, bought three properties, and she is growing and scaling even more.

And we're going to show you how she did it and how you can do it as well.

All right, let's start the show.

Welcome to the Master Passive Income Podcast where we talk about investing in real estate with a special focus on making enough money to so you can quit your job and live the dream life.

And now here is your host, Dustin Heiner.

What's up?

Super blessed as always to have you here with me on the show.

Now, I got some amazing things to tell you, especially if you want to make money investing in real estate, if you want to create wealth.

There are some amazing things going on that I'm seeing in the economy since we last aired the last show.

We know that Trump won.

We know that Trump won.

And the day after Trump won, things started happening.

He's not even stepped in as president yet.

The stock market took off like it.

Just went so high.

And it's making money.

Bitcoin is literally at $88,000 per bitcoin it's taken.

I mean, that thing gone up like 30% since Trump's got an office or, you know, got elected a week ago.

And what I'm seeing is the economy and the real estate market getting so much more perfect for real estate investors.

And here's a two.

Two things that are literally going on.

You guys know I'm a real estate investor.

I've been investing since 2006.

And right now, two things are going on.

That's really amazing.

One, if you remember, last couple weeks, I've been sharing that I moved my family from Arizona to Tennessee, and I left my property in Phoenix as a midterm property.

Got it all furnished, actually got it rented for three months on Airbnb.

It was terrific.

Got really, really good money.

Instead of $2,100 a month, it was what I would get long term.

I'm getting $3,500 a month, and they rented it for three months.

Then I reached out to the tenant and I said, hey, I'm looking at other people right now wanting to have the Property in starting February 1st and on.

Are you guys wanting the place to continue on Because I want to give you the first rider refusal.

Basically if you want to stay, they replied back, hey, give me a call.

So I gave them a call.

Apparently it's a company, this company based out of Texas, but they work in Arizona and they need long term housing but furnished long term housing.

So we're doing a one year midterm property lease.

Basically it's the same property.

All I do is I have it furnished and I pay for the electricity, sewer, Internet things, you know, like normal things.

And they rent it out and they're renting out for $3,500 a month for an entire year.

And he said even in March and April it might not even be rented.

They might not even have anybody in there because you know they as gap in the jobs.

But I have it a long term tenant for an entire year, midterm wise.

So I'm going to give them a lease.

They're going to be paying ACH directly to me or if I get a property management company, they'll take care of that.

But more than likely I'm not going need that.

And I'm going to be renting it for $3,500 a month.

Now with the midterm I'm going to have more expenses, lawn care, Internet, I.

Got to pay for water, sewer and things like that.

But that's probably going to be about five to six hundred dollars a month.

And in the winter months electricity is so low it's like 100 bucks.

So I even told them, hey, if you go above 350amonth in electricity because let's say you just keep running it for, you know, hours after hours at 70 degrees, then if it's over 350 bucks, you're going to pay the difference.

He agreed to that.

So that's awesome.

Midterm rentals are amazing.

I really, really like short term, but.

Man, the wear and tear on your properties is pretty rough.

Midterms are great now that's one.

So midterms are taking off.

And if you're doing midterms where you're renting per room, that is going very, very well too.

Lots of my students are doing renting a per room.

But here's another great thing.

I have another property I might be getting under contract.

It is a multifamily property, 70 units, Class A in Columbus, Ohio.

And the sellers, they built it in 2001 for $19 million.

And they're having to sell it very.

Very fast because well, what the words.

Actually that they used was they're a bigger Fish to fry.

And they need to get it off their balance sheet or off their books.

Basically.

They need to sell it for some other reason, which is great for us.

It's a fantastic property.

We're looking at buying it for about 10 million, a little over 10 million when they built it for 19 million.

And I'm seeing so many commercial deals that are going to.

They're here, but it's going to get even better and better and better.

People are distressed.

Our companies are distressed sellers now, which is so good for us.

So on top of buying it almost half off from what the they actually built it for, the rents are dramatically lower, about 4 to 600 doll lower per unit.

Now, I don't think we'll be able to get that same comparable rent as other apartment complexes, but we're at least going to be able to rent two, maybe $300 more per month on every single one of these properties.

So that increases our income, the expenses.

We can also decrease the income or decrease the expenses.

Sorry.

We can increase the income, decrease the expenses.

And there's also a moratorium for another, I think, 11 years so that the taxes will not go up in value.

Like the assessed value is not going to go up, which means we're not going to pay any more than taxes that we are now.

That's a huge value that's going to benefit us.

So many other great things.

But we're looking at picking this property up.

And again, just like the COVID where it's doing terrific.

We just gave out our first distributions last month.

It's looking awesome.

We have another deal.

This deal could potentially be even better than the COVID deal.

Like, I'm super excited about these deals coming out.

Well, if you want to invest with me in my deals or you want me to reach out to you when I get amazing deals like this, that.

And you guys know I'm not a syndicator.

I'm just an investor that if I can't use my money, meaning if I don't have enough money to buy this property, we're going to be raising $3.8 million to buy this property.

And with that money being raised, we have to have investors.

So if you want to invest with me in one of my own personal deals, this is going to be a master passive income deal that me and the other coaches here at Master Passive Income are pulling together and sourcing and all that good stuff.

If you want to invest with us in our own personal deals, then go to masterpassiveincome.com invest.

It'll be in the link in the description.

But masterpassiveincome.com investor and I will reach out to you personally to chat with you about potentially investing in this deal.

It's $50,000, the minimum that you can invest in.

And remember, on the investor success roadmap that we have at Master Passive Income, we start with smaller properties and then we get to medium sized properties and then we get to large properties as we grow and scale.

The beginner's median is a small one.

The business owner, the scalar stage, that's the medium size.

And then when you're an expert investor, that's when you get to this larger deals like I'm putting together and allowing other people to invest with us and they're going to get a fantastic return.

So if you want to know more about this.

Well, I'll say one thing.

I haven't actually locked down this property under contract because I just want to see if there's anybody else that would want to invest with me.

I use full transparency.

I don't have $3.8 million for, for the down payment.

But if you want to jump in with me, then you're going to be an investor and you're going to be getting a fantastic return.

We're still working out all those numbers, but if you want to know more about it, go to masterpassiveincome.com invest and be on the lookout for more investment opportunities.

And honestly, that's the reason why I have Master Passive Income is to share with you so that you can learn that you can grow in your investing and scale your investing business and be super, super successful, just like the person I'm interviewing today.

Now this lady, she came to Master Passive Income, found us through the podcast, started doing the membership where that's the basically the tribe.

It's all of our members that are a part of it that are growing through the group coaching courses and everything.

And we get so much success in that.

And she realized that she wanted to move faster and she says this in the interview, she said she wanted to move faster and fast track her success and minimize her expenses.

And she started doing the one on one coaching with Charles Rose Jr.

We have actually three different coaches here at Master Passive Income and I do the group coaching.

And so if you get the one on one coaching with one of the coaches, it's the fast track.

They literally help you go through every single step of the process.

You do all the work, don't get.

Me wrong, you do all the work.

But they, the coaches are There to help you step over landmines, you know, make money, save money, negotiate everything like that.

And then you also have me and the group coaching if you want to do the one on one coaching.

Now, I want to share with you this amazing success story that she, one of our Master Passive Income students, in two months has already had three properties.

And getting that first property was hard.

And she'll explain that.

But after that, because she built the business like we do at Master Passive Income, oh my goodness, she's off to the races and she's doing so much better.

I have my student Theresa Muzny on the show with me.

All right, here we go.

Teresa, so great to have you with us.

Thank you, Dustin.

It's.

It's a great honor to be here.

I'm excited and I feel blessed.

This is terrific.

Now how did you find Master Passive Income?

How'd you find me?

And then, you know, obviously we started coaching and everything like that, but how did you find us?

So basically I was just looking for a passive income.

I'm browsing on the podcast and I saw your podcast.

It looks very interesting.

I really have no background whatsoever with real estate.

What more with the out of state investor?

So when I was listening to it, I bought your books, I subscribed, and then I was listening to the podcast.

I was so inspired.

And then when I was almost over, I did the one on one coaching with Charles.

He's amazing.

And that actually fast tracked my business.

And that was one of the best decision I've ever made in my life too.

I love it.

And a lot of people find us through the podcast, which is just tremendous way to reach people and just to help coach people.

And you're 100% right.

Like we have courses that people can just get the course so they can just listen to podcasts and learn.

And we also even have group coaching where it's.

You don't have one on one coaching, but you get group coaching where you have access to me and the other coaches.

But the one on one coaching is such an amazing fast track because they literally get you over hurdles and help you to negotiate all that great stuff.

Now tell me about your first property and all about from like what you where it's located, how much did you buy it for?

What's the passive income like?

So my first property, they all say it's the most difficult one, but I would say this, it's a roller coaster ride really.

So during on the podcast, on the course, you told us like to set up the business first, which I did.

So before looking for property, I looked for a good property manager, lender, agent, contractor.

Once my group was set, I was able to find a property.

So the property, the asking was 95,000.

And since I was practicing a lot on putting the numbers correctly to make.

Make sure that I have a cash flow.

So I put an offer up for 85,000, and they counter for 88,000.

That's awesome.

And so did you accept that offer?

The counter?

I did accept that offer because my property manager said we have to do an inspection and we can still reduce that price, which we did.

After the inspection, we put it down.

It brought.

It was down to 4,000.

So we purchased the property to 84,000.

It already have a tenant, so we did not have to do renovation.

And it was cash flowing for $330 a month.

Yes.

Wow.

So you got even more money off.

And so you said you closed for 80 or after everything.

84,000.

They were asking 95.

They were asking for 95, and we got it for 84,000.

Wow.

And so that's $11,000 that you save.

Put it back in your pocket, and then it's already cash flowing.

What area of the country or what city is it in?

It's in Memphis, Tennessee.

Memphis is great.

It's a hot market right now.

Oh, it sure is.

It sure is.

Now, was it hard to get that first property and getting financing?

Because everybody always thinks, oh, man, it's so hard to find properties.

It's so hard to get money for properties Now.

A lot of.

A lot of things happen when you don't know what you're doing and you don't have somebody educating you on how to do it.

It makes it really, really hard.

But when you have somebody helping you, it makes it easier.

But we getting this first property, was it a big hurdle to get over?

And then that second property, how quickly that second property come?

So this.

So the second I closed on the first property May 28, and after two weeks, I close on the second one.

But a backstory about that one.

So I guess because I.

Because of master passive income, I set up my business correctly.

I have a great property manager, which I interview.

I also have a great lender, which is advising me what to do, a great coach, which is Charles, and that he helped me tremendously.

So I know it's so hard to jump in and make that offer for the first property, But I was very certain that I have the correct.

I have the right group and I have the right area.

That's why I was able to confidently send an offer to that property.

And I want to pause for a quick second and share that.

Honestly, I really want you to invest in real estate.

Now.

My new goal is to help 1 million people invest in real estate.

So two things I would ask from you.

Number one, if you get anything out of this episode, please share it with somebody else.

Just say, hey, you know, check out Dustin and Master passive income.

He really wants to help a million people to invest in real estate.

That's number one.

Number two, I want to get you.

To invest in real estate.

Get my real estate investing course absolutely for free.

Text the word rental R E N T A L 233777 rental to 33777.

I'll literally give you my course, show.

You how to find the area of the country to invest, how to build the business first.

You know, I always talk about that.

And how to find the right properties.

How to make sure you're getting experts do the work for you and scale the business to where you're making $250 or more in passive income.

Scale it up to quit your job.

I'll literally get to you.

Or go to masterpassiveincome.com freecourse.

Obviously it'll be in the description, but I really, really want you to invest in real estate because the more that actual normal everyday people own real estate that are good landlords, the better everybody's life gets.

Especially when you have everything already built before you buy the property.

Meaning you already have the property manager, contractors, you have inspectors like you have, and even mortgage brokers and a coach that's actually going to be walking you through the process.

I mean, Charles has 20 some properties now.

I mean he's, he's doing so tremendously well and then helping his students.

And it's so much fun because I coach Charles personally one on one, which I don't do the one on one anymore.

I do the group coaching.

Charles has done the one on one coaching.

I think he's done so much better.

Like his students are doing better than he did, which is just tremendous because it's just compounding all this knowledge and learning.

And so with getting that second property within two weeks, was that scary?

Because I think people might be thinking, oh my goodness, how am I going to afford or how am I going to buy it?

How am I get the money for it?

So what happened to the first property is everything went smoothly.

A week before we closed, my property manager, which is also my agent, told me that there was a problem with the renter so he advised me not to go, to cancel the whole deal.

So analyzing it, we cancel it and then I was heartbroken.

So I know Charles told me not to be emotional, but since it's my first property and we put so much work into it, I was a little bit emotional.

So when I emailed Charles and he told me like gather all your frustration and put it into a positive energy to find that property.

So that's what I did.

I analyzed 60 property, cut it down to 30.

I sent 10 properties to my property manager, check, let him check it if it's a good area or not.

So we were like constantly putting a lot of offers every day, every day, every day.

So when I found that supposed to be second property, since I analyzed so much property and I use the green light that you have in the course, green light is to put all the numbers and see if you're going to buy the property or not.

I was very confident doing that.

Mind you, I was doing this during my lunchtime.

So we did it at 1:00.

I put in an offer at 1:30.

I got the property at 3:30 and then we did an inspection on that.

So it was like two weeks back to back property.

Oh.

So and then after I did for that first, for that property, my property manager told me like for the first property the tenant actually got, they fixed their issue.

So he was asking me if I'm still interested.

And of course I'm still interested.

So since we did the inspection, the financing there, it was so easy to close.

So we did close right away.

So that's why we did about two weeks closing on two properties.

That is, that is awesome.

That's such a great story of well, resiliency number one, like let's say I'm not giving up because if I would have gave up on my first property when my property manager stealing from me, I wouldn't be here today.

I wouldn't be doing what I'm doing and being successful, unemployed.

Like that was such a huge deal for me was, oh my goodness, I proven that it works and then I just need to make sure that it consistently works by having the right people in place.

And now you have, how many properties do you have now?

So I actually have three properties in two months.

Wow, three properties in two months.

And the biggest, I guess reason why you've done that is because two things, I think you built the business so you have properties already coming in, you're analyzing it, you already knew and, and you're putting in effort.

You know, you're making sure, like Charles said, take that frustration, that irritation, whatever it might be, and just funnel it into building your business.

And now look at you three properties now, getting the first, second and third property.

Is it getting easier as you go?

Oh, yes, absolutely.

So since I already have my group in place, I have a great coach.

Not only the coach, I have you supporting me also.

And the slack community.

I was so inspired by Praneet.

He's also helping me.

Tom and Justin, they're in my group for the slack.

So if I have some simple questions, they would support me.

We would analyze properties in the green light.

So it's just amazing.

This group is unbelievable.

I love it.

I love it and I agree.

And that's the thing that I wanted that I did not have.

When I first started investing, back when I started investing in 2006, there wasn't communities like this.

There wasn't people that are really trying to help each other out.

It really felt like everybody's just trying to, you know, take and take and take.

And so it's so amazing having now a community where we could all help each other out.

That is just tremendous.

Now what in getting that second and then the third property.

Talk to us about the financing because a lot of people have concerns or like I don't have the money the for a down payment, I don't know how to get financing.

Talk to us about how you got these properties and the financing for each one.

So when I was doing the course, I actually did it step by step.

So I even look at the how to get how to earn 10,000 to start your business.

So I was trying to save up.

I was putting aside 10% of my all my salary.

We were doing craft show.

I was doing side jobs just to get all the money to invest.

So that's why I did the one on one coaching because I want to minimize the error when it comes to investment.

I know there would be a lot of mistake that I may encounter, but doing the one on one coaching would help me a lot.

So financing for the first and second one we did conventional financing.

So when I was, I felt for the second one when I closed I did call Charles and ask him what are the other options to get more property because I want to grow my business.

And then he said like I can do private, private lender also hard money heloc.

He told me I thought my financing would limit me in investing.

But when I, when I talked to Charles he said I have limitless possibility when it comes to money.

So that really Inspired me.

And then I bought the third property, which I did brrr for.

So brrr is by rehab, you rent, refinance, and repeat.

So that's a big project for me, and I just finished it last Friday.

That is so awesome.

And then knowing what Charles told you, I mean, Charles told you exactly what you need to hear is that, like, the money is not the problem.

And a lot of people think that money's the problem.

You know, when they first start investing, they really think that, oh, my goodness, I don't have a down payment saved up or I don't have private money.

I don't have this, that and the other.

They start thinking about what they don't have as opposed to what they do have.

But at the same time, they don't know all the options that are out there.

They don't know how to utilize all these creative financing ways that if you work with somebody that actually has done before, that knows how to get the private money, no hard money, to turning that into a long term mortgage and actually making money in passive income, once you know all these sort of things by getting somebody that's coaching you, oh my goodness, it makes it so much easier.

And one quick last thing I want to share is that you said this from the very beginning.

When you started doing the one on one coaching, you knew it was very important to do the one on one coaching, number one, because it's a fast track.

But number two, you want to minimize the errors.

Minimize the errors.

I mean, I've lost so much money doing it the wrong way.

Like, I literally thought that I was doing it the right way.

Spending money and then finding out, oh, my $30,000 later, that was wrong.

Man, if I had a coach, if I had somebody that was actually going to show me that this is the right way to do it, that would have saved me money.

And the great thing about having a coach is they're going to help you save money and make money.

Those are the two great things.

Now talk to me about working with Charles and the process and because I'd love to know and I know all the listeners want to know, like in the coaching process, how did that help you with the step by step process to getting you over hurdles and even insecurities that you might have.

Like, okay, now take that frustration and put it into the next property.

How was that process for you?

So when I did the before I did the one on one coaching, I was doing the course.

It was so overwhelming for me since I didn't have any background with real Estate.

But I.

So reading it versus supplying it is totally different thing.

So when I did the one on one coaching with Charles, he actually guided me.

He's literally holding my hand and telling me where to go.

It's like a step by step procedure.

You do this, you do that, all those little details that you think it's not important, but once you apply it, it actually makes sense.

So especially like with financing, he actually guided me on what to do.

If I didn't do the one on one coaching, I don't think I would.

I would even have my first property now.

So I'm just so grateful with Charles.

I love it.

And I know that there are certain people that have the gung ho and they just push through it.

And some people actually invest just by listening to this podc and they say, hey, Dustin, I bought my first property just by learning from you.

But there are also like, I know that I learn so much better when somebody walks me through the process when they literally say X, Y and Z.

Now, I did it the hard way.

When I bought my first property or built my business, I did the hard way and lost so much money and time.

That's the thing that people forget.

And I love what you said.

It's a fast track to success.

And it took me, I think it was like nine years to eventually become financially free to quit my job.

Now because I coached Charles and other students, not Charles, but another student took him three years to become financially independent.

Charles, it took him, I want to say 2019 is when he got started.

2023 is became financially independent, you know, four years.

And so imagine if I wishing I would go back and spend a little bit of money to get five years of my life back.

So it's eight instead of nine years to get financial pennant.

It takes me four years, my goodness, I would have five extra years of my life being financially independent.

So I love it.

Now there are so many like lessons and things that you went through.

What can you share with the people listening?

One person listening.

It's like, man, I'm in Teresa's place right now.

Like, I'm trying to get started.

I'm not getting traction.

What lessons have you learned along the way?

So I think the biggest lesson is like, for me especially, I'm a busy mom.

I only have my lunch time to do the master passive income.

I only have lunch time to interview property manager in my group.

So life can be tough.

Like there's always something going on, something in the family, the kids, your health, you moving from one state to the other.

Like people put aside all their dreams.

But again, you always say, when is the best time to plant a tree?

20 years ago.

Right.

And when is the best time?

It's actually now.

So I don't want to look at 20 years from now and have a regret of not doing this.

So I wanted to do it to leave legacy for my family, like more time financially free.

Financially, financially free.

Doing a good relationship with my families and friends.

And of course, like, service, like sharing this to others so others can be inspired and do what we do.

I 100 agree, absolutely love what you're saying.

Because in life, what it really comes down to, life is about family, it's about people around you.

It's about what you can do for helping other people and then who you become.

And so, you know, I personally don't just invest just to make money.

It's that the money that I need in order to take care of my family, live the life that I want, meaning service to other people.

Just like you're saying.

That is so good.

Was give me a specific other than, you know, the property that you didn't go through with, but then you changed it and I went after different properties.

Give me a specific time that something came up.

Oh, let me got me thinking, you got the price down after you got under contract.

Tell me about that process.

How did you do that?

So, because I was analyzing so much property and I was listening to the podcast, so listening to the podcast, I even listened so many times to the 15 mistake that you're not supposed to do.

So when I encounter problems like that, I have you in mind.

What would just what would Dustin do?

What would Charles tell me to do?

So I actually, since I have a good foundation, I was able to apply all that.

So when challenges comes my way, I take it positively.

I wanted to turn it to positive.

Like when I had problems with the financing for the third one for the hard money lender, it didn't go through.

So I have to think of something else, like I have to contact another lender so the loan would go through.

And that's what I did.

So I have so many problems with the third property, but I didn't take it as problem.

I took it in a positive way as a challenge for me to learn from that and be positive and just to get that property.

I think it's great that you're in.

What I'm hearing is that you're changing the frame of reference or you're reframing the problem as, hey, this is an opportunity to either grow to change, to figure out something new as opposed to feeling maybe like the world's against you, you might be a victim or whatever it might be changing the frame of reference to now you're thinking, man, no, the world is for me, like this shit, like this is going to help me out.

This should make me better and better and better.

I love that you change that perspective.

And Charles is really great at mindset.

Charles is a mindset type of.

He's almost a guru in my opinion.

Like, I always go to him for mindset stuff because he really helps to help everybody he talks to to get a frame of reference that.

No, let's reframe it.

Let's frame it as something that is going to help you as opposed to hurt you.

So, Teresa, is there anything else that somebody listening should know while they're investing in real estate?

Again, like for here, I actually started to be vocal with my family to help them invest also.

And some of their friends heard about it.

So they actually have me in a meeting to inspire them.

So they actually listen to your podcast right now and I told them I highly recommend doing the one on one coaching.

Also.

This is an investment that is not just a cash flow every month.

This is you're leaving a legacy for your family, for your children and for them to have a life that they have an option.

Like they, if they have this property or this business, they don't have to work full time.

They can spend time with their family, be whatever they want to be and build relationship with other people.

And also again, the legacy, the four legacy that we talk about is like service to others.

I love it.

You're 100% right.

And the legacy of service to others, you feel more fulfilled in life when you're helping other people.

That's why I created the Real Estate Wealth Builders Conference to connect more people so that they can grow together and help each other out.

Am I going to be able to see you in April at the Real Estate Wealth Builders Conference?

Oh, yes, I am hoping to go there.

Charles.

Dustin, I am hoping to go there.

Last year, this year I didn't go because my kids were qualified for the Junior Olympic for swimming.

But I'm hoping next year I'll be able to do that.

Love it, love it, love it.

Well, Teresa, this has been awesome.

So encouraging for me, like talking to you and others.

I mean we have got thousands of students now and seeing you guys succeed and hearing your story, Teresa, just so encouraging for me to keep moving forward and keep helping more and more people.

Because it's fulfilling for me when I see somebody like you change the trajectory of where they're going in life and hopefully generationally being able to help the future generation.

So thank you so much for being on.

Is there anything else you'd like to share?

I guess since it's new, like the third property, I.

I just want to thank you for inspiring me to do all this.

Charles, doing the one on one coaching.

I actually won't be able to do this without you guys.

Like my third property recently, I just got it renovated in 28 days.

It actually accumulated a good equity of $89,000.

In four weeks.

In four weeks.

And I did the financing in a matter of 30 days because I have everything in place.

Like it's step by step procedure.

So I wouldn't be able to do this without you guys.

Teresa, that is so amazing.

I'm super, super excited for you and everything that you're doing.

So glad that you're part of master passive income.

But thank you so much for coming on show, hopefully encouraging people to move forward.

So if you're listening to this, I want you to think, man, Dustin could do it.

I can do it.

Teresa can do it.

I can do it.

Charles or anybody can do it.

I can do it.

So it's really a step by step process, meaning you just do one thing after another.

It's really not that difficult.

So, Teresa, thank you so much for being on the show.

Thank you, Dustin.

And that is it for today.

Go ahead and get my free real.

Estate investing course text award rental to 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 you in the next show.

See ya.