You're listening to the Master Passive income podcast network.

Welcome to the master passive income show.

This is Dustin Hiner, 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 gonna be talking all about how you can have a full time job, invest in real estate, reach financial independence, and do it successfully like many other real estate investors have done in the past.

And we're going to show you how to 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 so you can quit your job and live the dream life.

And now, here is your host, Dustin Hiner.

What's up?

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

And I love the fact that you come and listen to this every single week coming back, and hopefully you're getting encouragement.

You're also getting the knowledge to invest in real estate, to become financially independent.

Now, I gotta tell you something that happened recently, and I wanna absolutely apologize.

Like, seriously, I really apologize.

I forgot to mention something big that has been going on that we just launched that.

Oh, I just forgot.

So here is what I forgot to mention here on the podcast.

Now, if you're on the newsletter, I send this stuff out so you can see what we're doing, how we're trying to help you to become better real estate investors and become successful unemployed.

So on the newsletter, I've been posting this out now, here is really what I apologize, not sharing with you guys.

So we started a brand new real estate investor meetup.

It's a monthly meetup and we're starting in Charlotte, North Carolina.

And it's a monthly meetup.

It's a monthly real estate investor meetup where you're going to be connecting with other investors, hearing great speakers.

And it's called the real estate wealth Billers Club, Rube Club.

Obviously, you've got Rubecon.

It's hopefully not gonna get too confusing on you.

But the real estate wealth builders club that we've put together, and it's in Charlotte, North Carolina, it's at the university Hilton.

So I flew there last week and I went and I gave the inaugural message.

I talked.

I gave the talk about how they.

Can invest in real estate, about how.

They can utilize their investing to become financially independent, how to do it the right way, how to make sure you build the business.

I literally explained every single bit of the way.

Now, that is so exciting that we have a monthly meetup now, and we're looking to start other ones, like one in Denver.

We're gonna look to start another one in Phoenix, Arizona, possibly St.

Louis, and possibly Los Angeles, even though I know Los Angeles is very, very huge, but we are looking to start those in those areas, because we want you to be connected.

We want you to be connected to other investors.

Now, this is not on Zoom.

This is literally a location you'll be driving to and connecting with other people.

It was a blast.

Like, honestly, it felt like a mini Rubicon when we went there.

Me, Charles Rose Junior, was there, Charles Seaman, William Parmer was there, and so many other Rubicon attendees that live in Charlotte, they wanted something like this.

And that's exactly the same way that Rub Khanda started the conference started, because everybody wanted it.

So I did it and was fantastic.

And same thing with Rube Club.

I had so many people dying for a monthly meetup because they wanted to see themselves grow and be able to quit their job.

Now, that is what's leading us into today, because as I was talking at the roop club and talking with everybody about how they're working a job currently and how they want to eventually quit their job, and I tell them it's not the best idea to quit right away.

Just quit right now so you can, you know, invest in real estate.

I'll be completely honest and say, I didn't do that, and I don't think you should, because there are so many amazing reasons why having a job while you're investing in real estate makes investing so much easier.

I mean, just quickly.

And I'm gonna get into it, but just quickly.

If you have a w two.

Oh, my goodness.

Mortgage brokers, it's like, if you have anything other than w two, they usually say no, or it takes, like, six months to get a mortgage because there's so much documentation.

If you have a w two, basically a job that gives you a w two at the end of the year for your taxes.

Oh, you have that income check.

Let me give you a mortgage.

And as an investor, if you guys remember, two weeks ago, I talked about the investor roadmap, how you like playing monopoly.

We want to go down the roadmap of starting with smaller deals, getting to larger deals, or mid sized deals, and getting bigger deals, eventually getting into huge, huge, large deals.

Like, I just bought the 355 unit apartment complex.

You want to go down that path of the roadmap, but you got to start somewhere.

I suggest starting with single family homes, so simple to do.

And if you have a actually have a job, something that allows you to have income, that banks will be able to say, yes, we'll lend you money because your job will make sure that we'll get the money because you actually.

Have money coming in, we're going to get that from you.

And there are many other great reasons which we'll get into.

If you are interested in joining the real estate wealth boost club Rube clubs, you can go to the link in the description.

Rubecon.com club.

First one is in Charlotte.

It's the first, sorry, the third Monday of every single month.

Starting up, I think it starts at 06:00.

Networking, speakers, all that great stuff.

Like it is like a mini Rubcon.

You need to be going to those.

And then hopefully, lord willing, we'll be starting one in Denver.

Denver might be one of the next.

Cities, and Phoenix as well.

You know, I live in Phoenix and honestly, I'm moving to Nashville.

As I'm literally speaking this out.

My house is torn apart.

Like, we're packing things up, we're getting it painted, all that great stuff to move at the end of October.

We're literally moving to right next to Nashville called Murfreesboro's, a city called Murfreesboro.

And I will more than likely start up a new roop club in Nashville.

So we're going to have these clubs that are going to be monthly meetups that are going to help you along the path to financial freedom, especially if you want to quit your job.

If that's your main goal is to quit your job.

You need to get around other people.

They're gonna help you get there faster.

I did it myself, and it took me eight years before I had enough properties because I was just doing it all by myself.

I was just talking to Charles Rose junior.

He literally has 29 units.

Can you believe that?

29 units.

And he started investing with me back in 2000, late 2019 into 2020.

And now, what's that, four years now?

Maybe it's been three and a half years since he really started going at it.

And he has 29 units.

WIlliam Palmer I think he has 1415 units and a mobile home park.

I mean, these students, this is not the exception.

Like, these guys are setting the pace.

Obviously, other students are doing it too.

And that's the reason why I have Rubcon the conference to help you.

And we actually just launched the tickets.

So if you go to rubcon.com, you'll be get your tickets April 10 through the 12th of next year.

In St.

Louis is gonna be fantastic.

So much better than last year.

I mean, we try to make it better and better every year.

We also have Rube club, we have the real estate wealth builders coaching.

That's gonna give you the fast track to actually get there.

So we have everything for you.

Check the links in the description.

I'll give you all that stuff.

But I wanted to share that with you because you're not alone.

And if you're thinking, well, I have a job, I wanna quit as soon as possible, well, this is the episode to share with you.

Don't quit just yet.

I'm going to give you the light at the end of the tunnel, the.

Goal of where you're going to get.

To, and I'm going to give you the path to get to that goal of being a financially independent because there's a lot of steps along the way.

And if you're going to do it.

Right, you're going to be in the end, so successful.

Now, when I was trying to quit my job, literally had four kids.

Now we have five.

We're really blessed to have our fifth one.

Now.

At the same time, my wife would not let me quit because we needed to.

We need to pay the bills, we.

Need to have food on our table.

We need to have roof overheads.

And in doing that, though, I found so many great reasons why having a job, even though the job was a bummer, even though that's the case, oh, my goodness, we bought so many more properties because of my job.

And I'm going to walk you through every single step how to do this as well.

How to invest in real estate with a full time job.

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

Honestly, I really want you to invest 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.

Rental 23377.

Rental to 3377.

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 dollar 250 or more in passive income.

Scale it 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.

Now, I know just about every single person has a job, full time, part time, or whatever.

I even do have some students that are retired that they are basically living on Social Security and they still want to grow their business.

They want to invest in real estate.

And here I am trying to help them to get started even though they don't have a job.

Now I'm going to tell you that having a full time job is actually fantastic in order to start a real estate business.

Even though you and I both know that the word job is almost like a four letter word.

It's a job.

It's horrible.

But the acronym of job, what I like to share with everybody is that job is J o B.

You're just over broke.

I mean, your boss is only paying you enough to keep you working and not paying you too much.

That's going to be taking out of his or her pocket.

If you're working for the government, they're only going to pay you just enough to keep you working and you're going to be like, man, this job is horrible, but I can't give up or I can't quit because, you know, I make enough money here.

Well, if you're about to quit, you know, your boss might come to you and say, hey, you know, I can't have you quit.

Let me give you a raise.

Well, why didn't you give me a raise like a year ago when I needed it, you know, and so your job is just overbook.

But there are many great things about having a job and I, I utilize them as much as I could as I built my business.

So even though job is a four letter word, it stands for just over broke.

There are some good things about having a job and how having a job can actually help you build your business even faster.

You know, imagine if you were on Social Security.

You know, you're older and you're on Social Security.

You don't have the ability to make more money or get a raise or anything like that.

Well, it's harder to invest because you have limited funds coming in.

So here are some good things about having a full time job.

So to give you a little encouragement.

So, number one, you have full time job security.

You know, it's security in you.

Even though they can fire you at any time.

You have the ability to rely on your job to bring money in.

And on top of that, your money that is coming in could hopefully be able to save, to invest and buy more properties.

You know, if you're on a fixed income, then that fixed income, it's hard to actually get more money to buy more properties.

You have to figure out some other unique and creative ways to find and buy properties.

So you have a lot of security when you have a job.

And that's one of the biggest reasons why people stay in jobs for their entire lives until they have to retire, because they're a little old to keep working is because it's job security.

It's security that money's coming in all the time.

Plus you have things like health insurance, a full time job.

Also, it fuels your growth for your investing business.

Like it fuels the ability to buy more properties faster.

You know, if you get a raise, do not spend that money.

Like, if you get an extra hundred dollars in your paycheck every single two weeks, that's $200 extra a month.

Don't think, man, I could go get a, another car or, you know, get a better car and spend that money.

No, don't think like that.

Think that that $200 is extrade every single month that you can put in a savings account, a money market account or someplace that you can touch that money in the future, pull it out and buy an investment property.

So the job that you have, use that to buy more properties.

Use that to fuel your growth of your business so much faster than you could if you did not have any extra money coming in.

Here's another great thing, and I've used this over and over again.

Now, you've heard me talk about the Brrrr strategy, basically cycling your money over and over and over again, which I've done many, many times.

It's so much easier to get loans when you have a job as opposed to when you don't have a job.

You know, when you don't have a job, the bank is going to look at you and say, how are you going to repay this loan?

You could tell them, well, I'm going to use this loan to buy this property.

And that person's got another person.

I'm going to get somebody else to live in that property.

They're going to give me money every single month and I'm going to give it to you, they would say, well, that's a all well and good, but there's no proven track record that's actually going to work.

Now, unless you've been an investor for quite a long time, like I have, they need something like a w two or your paycheck, two years of employment to prove that you're going to continually be working so that you can pay off the mortgage that you're going to be borrowing from them.

So before I quit my job, I actually postponed quitting my job for an extra six months because I was working on financing for properties, pulling all the money out of those altogether to buy more properties.

And I knew that if I did quit my job in the middle of that refinance process of pulling money out, they would say, hey, what happened?

Well, we're not going to give you the loan.

And I really wanted the loan because I needed to buy more properties or I wanted to buy more properties.

All that money equity sitting in those properties I'd already owned, it was just sitting there and I was not utilizing it.

So I put it off six more months to quit my job in order to get that financing done.

As soon as that financing was done, literally, I'm going to say like the next day or next two days, I said, hey, boss, I'm quitting my job, you know, I'll give you two weeks notice.

And so I put in a two weeks notice and then quit my job right after that.

It was a necessity in order to get my bank financing.

Now, now that I have quit my job and I now what the banks do, they just look at your tax returns to make sure that you have money coming in.

They just, all they really want to do is verify that you have money that can repay what they're, what you're borrowing from them.

So I use my tax returns.

So those are just a few things that are great about having a job.

You know, you have constant money coming in.

Like I would suggest, don't quit until you actually have enough money to replace your income in order to invest in real estate with a full time job.

This is the biggest thing.

So if you take anything away from this podcast, any big lesson that can help you literally change your life with rental properties, this is the key that I'm going to give you.

You do not have a side business like a side real estate or I invest on the side, you do not have that.

What I'm going to tell you is it's your mindset switching from you having a job and then having a side business.

Like, give you example, if somebody, you stranger that you don't know comes up to you, you start talking to each other, you know, like a Christmas party or some, some sort of party, you guys are saying, hey, so what do you do?

And the other guy tells you what they do and the person asks you, what do you do?

You don't want to say, well, I work for, you know, this banking company.

I work for the government, or I work for this, or this is my job.

Don't answer it like that.

Or get that out of your mind.

That your fresh answer is what your current job is.

You want to get that out of your mind.

What you want in your mind is that you are a real estate investor.

So when anybody asks me before I quit my job, what I do for a living, I say, I'm a real estate investor.

And I say, oh, wow, that's, that's great.

What do you invest in?

I invest in rental properties, cash flow every single month.

So that cash flow every single month helps me to continue to build my business even bigger and bigger.

And if the person asks you so, you know, do you, is that your only job?

You say, no, I have a side job.

You know, I have a side job working for, you know, this company or that company.

So what happens is you have a change in mindset going from being that person that has that job.

Like, you're identified as the person that, with that job to now you are a real estate investor with a side job.

Even though the bulk of your money comes in from your side job, it doesn't matter.

You are an investor.

You are what you tell other people.

And here's what happened to me.

As soon as I made that shift in my mindset and started telling everybody, instead of kind of being like, hiding it because, oh, I only have one or two or three properties.

As soon as I made that shift and started telling people, no, I am an investor with a side job, so many more things happened to me where deals fell in my lap or money fell in my lap, not necessarily money fell in my lap, but I had people wanting to give me money to help them invest and be a part of my business.

So many great things happened when I started telling myself, I am an investor.

So I want to encourage you, if you take anything away, you are a real estate investor with a side job.

Stop telling people that you work for this company or this is your job over there.

No, you are a real estate investor.

And trust me, things are going to change because that gets into your mindset now.

Your mind has changed where now you are that investor, you are what you want to be.

And that gets into our next thought of how you can invest in real estate with a full time job is your mindset.

Your mindset is what's going to actually get you to where you create deals.

You get deals done, you get things done where nobody else thought they could happen.

So here's a great saying that I really, really love.

There's two of them that kind of go hand in hand.

Number one, necessity is the mother of invention.

So if you're telling yourself, I really want to quit my job, I'm tired of working for this boss.

I'm tired of working this job.

And it's a necessity.

Like you are making yourself quit.

Quit your job.

Well, you're going to find the way, and the second quote is, where there is a will, there is a way.

You're going to find a way through that hurdle or through that roadblock or jumping over that hurdle.

I kind of mix those two analogies together.

But you're going to jump over that hurdle, or you're going to get through that roadblock.

Because with necessity being the mother invention, like it's necessary, like you know that eventually, at some time, your job can fire you or you can get laid off or something bad can happen, or God forbid something happened to you, you couldn't work because you were ill.

Well, with necessity, there's a mother invention.

So you got to think in your head, in the future, I might not have this job and I want to change my life.

Now, let me start working towards it.

And where there's a will, where you saying, in ten years I'm going to quit my job, or in five years I'm going to quit my job.

Where there's a will, you will make the way.

Because what's amazing is, as you put your mind to it, as you start thinking of how to get around these roadblocks, you're going to see these problems start to dissolve in front of you because you figure out ways around them.

That's the great thing about being an entrepreneur.

Like us, as real estate investors, we're entrepreneurs, we see a problem in front of us, where most people, they'd see that problem, they'd stop.

What we do as entrepreneurs, as real estate investors, we see a problem.

We see it as an opportunity, opportunity to make money, to change lives, to make everything better.

So it's really hard, though, and I, trust me, I've been there.

Where you don't have any properties right now, it's hard to see the light at the end of the tunnel because really, you're not even in the tunnel yet.

You're not even going because you don't have a property.

Maybe you have one or two or three properties, and you're, you see a dim, dim light at the end of the tunnel.

You know, very, very small.

You're getting a little like maybe 200, $300 a month, every single month coming in from one or two properties.

Well, that light gets bigger and bigger at the end of the tunnel.

The light gets bigger and bigger as you get more properties.

So your mindset needs to be shifting from where you have a job and a side business to where now, you are a real estate investor and you buy that first property.

Once you buy that first property, you start running down that tunnel, and each property you buy after that, the light at the end of the tunnel gets bigger and bigger and bigger.

Your emotions start to well up like, man, I just got to get more properties.

This is fantastic.

My life is changing.

The more properties I get allows me to buy even more properties.

This is fantastic.

And this is what I want for you.

I want to see this change in your mindset so that instead of giving up, no, you're dedicated now, instead of, well, there's a roadblock and I'm stopping here.

No, you're going to bust through that roadblock because you're persistent.

You're going to keep going.

And so with your mindset, you want to develop inside yourself a dedication, a dedication to getting this job done, getting this business built, buying that next property.

Hey, I don't have, you might be thinking in your head, I don't have financing for this property, this deal that I found, well, that's a problem that you're going to have to figure out.

You see an opportunity, how can I get past this roadblock?

How can I answer this problem?

How can I get this opportunity changed into something that's going to be making me money?

And the next one is persistence.

Being persistent is one of the ways.

Like I am, I'm just stubborn.

I'll just keep going and keep going until I make it work.

That's just how I am.

And I know you're very, very similar because we're entrepreneurs.

We're going to get things done where most people won't.

Now, also, along with that, your mindset, you need to change your mind and you change your understanding of how to actually invest.

When I first got started, I had no clue how to invest.

And really, really, honestly, through the school of hard knocks, I really learned exactly how to do it.

And I've made my business just a well running machine where it runs without me.

So what I suggest, along with your mindset, getting, being dedicated, persistence, and making sure you have the will to get done, you need to get education.

You need to get as much education as possible so that you can really get through those roadblocks without having to bang your head against a roadblock time and time again.

Because if you get with somebody like me, like all my students, most, I would say majority, if not every single one of their problems that they come up with, I've either gone through it or I figured out a way around it.

I've been in your shoes.

And so all my students, when they come up and say, well, here's this issue.

I don't have financing here or here's this deal, but this seller wants this.

And I'll say, this is what I've done.

This is how it worked for me, and this is a way I could have done a little better.

This is a way that worked out perfectly.

You should go this route.

And so you need to have education and also get coaching, get somebody that's going to help you get past this next hurdle.

That somebody has already been there, you know, like somebody that's already through the tunnel.

They're at the light at, they're, you know, beyond the tunnel, they're waving back at you, say, come on, you can do it.

So get education, get knowledge so that when those roadblocks come, you already know how to, you know, bust through them or jump over that hurdle.

Get education in your brain so that you can get past that.

All right.

Now here's a big one for lots and lots of people.

Listen to my podcast.

It's scheduling in the time to get this done, scheduling the time to build your business.

Now, I know lots of people are working, hopefully, you know, 30, 40, 50 hours, but some people are even working less or more.

You know, if you're only working 20 hours a week because your job won't allow you to work anymore, well, you have lots of time to develop your business.

But what if you're working 70, 80 hours a week because it's just that demanding?

Well, I've been there.

Trust me.

I had, I had a business where I was working for the government, which I was working like, I don't know, it was like 10 hours a day.

On top of that, I had a retail establishment that I was there basically from morning to night and in the middle had that job.

So 14 hours a day I was working.

But in the meantime, on my lunch break, when I was working my job in the government, I'd go and do work for my real estate, trying to find new properties, trying to build my business.

And so every single waking moment I saw the light in the under tunnel, I said, you know what?

I'm going to keep working towards that.

Every single waking moment that I had that I wasn't putting into a business or to my family, I focused on building my business.

So I'm going to be honest and say what I suggest.

This is what I tell all my students.

If you spend 1 hour a week building your business or learning, that's not going to be enough.

It's going to take you a very, very long time.

Time is precious.

That's the most expensive commodity that you can spend is your time.

Now, wouldn't you rather have quit your job sooner rather than later?

You know, if you can quit your job in 20 years, then you're going to work towards that.

But what if you can cut that in half and you could quit your job in ten years because you spent more time studying, more time building your business?

Of course, wouldn't it be better quitting your job ten years earlier than you normally would or 20 years earlier?

I quit when I was 37 years old because I pushed myself.

I spent the time I studied.

I really tried to build my business as fast as possible.

So this is what I tell, I'm telling you right now.

I would if I were you, spend five to 6 hours each week building your business.

I mean, when you think about it, five to 6 hours a week, that's one lunch a week.

You know, if you're, if your lunch at your work is an hour long and, or your commute is an hour or something like that, but it's, you know, 5 hours, you have seven days a week.

If you just took your lunch, you know, Monday through Friday, 1 hour of your lunch and build your business that way, in that amount of time, you're going to have a business very, very quickly and run much faster.

Now, if you're thinking, some people may say that they don't have five or 6 hours, well, here's the thing.

You need to make the time.

I don't know where you're going to get it.

I don't know how I got it.

I just did it.

I said, you know what?

This is important to me.

I'm going to make the time.

It could be, you know, once you put the kids to bed, you spend an hour or 2 hours studying, building your business, whatever it might be you need to make the time because honestly, this is important.

You know, it's important to change your life.

Now, if I didn't spend this time, I would not be quit.

Like, I would not have quit my job in nine years when I was 37 years old, I quit my job.

And every second that I spent building my business before I quit my job is so worth it.

Can't tell you how amazing is to not have a mortgage, like literally paying off your house because you have enough money coming in and not have a mortgage and also not have to worry about bills.

I mean, just imagine not having to have a mortgage, not have to worry about bills because money coming in, not have to work because you have money coming in.

You have an automatic business coming and bringing that money in you.

I just, I can't stress enough at how amazing life is when you have all these.

When money's taken care of.

Because you have a business spending five to 6 hours a week, you need to make the time to do that.

Next in scheduling your time, you need to basically organize and become efficient in your time management.

It could be where you also make it a routine where as you're driving to work, let's say you have a 30 minutes commute driving to work, you're listening to the podcast, or you're getting education, or you're calling up mortgage brokers, or you're calling up property managers, that's the time that you're doing.

It could be, like I said on your lunch break where you say, okay, I clock out, let me grab my sandwich.

I'm walking, you know, out of the, out of the office because you don't want to do work in your office, probably, you know, eat your sandwich on the way out.

And then as soon as you sit down on a park somewhere and on a bench or however it's going to look like for you, this is, I was actually outside, you know, underneath the tree.

And so I made it so that it was a routine.

Every single hour that I got for lunch, I ran outside, started building my business.

So you need to become efficient as well as organized.

Whatever you're doing, driving, you know, if you're driving to the gym, spend time building your business.

If you are outside mowing the lawn, spend time on your, like, listening to my podcast or listening to books or getting education and coaching, you don't need to.

Every waking moment that is spent doing something else, I would suggest develop yourself into the business.

I literally stopped listening to the radio, like, music for like five years because there were so many podcasts, so many books, so many things I needed to learn.

And so I took all of that time that would normally gone to just, you know, kind of vegging out and not doing anything that or not being productive.

Instead of doing that, I made myself very productive.

So try to become efficient with your time.

Whenever you have an extra waking moment that you're not devoting to something else, like your family, your job, or something else, try to capture that time, become efficient and use that to build your business.

Also, in scheduling and having time management, you need to put systems in place and organizations in place.

Now we live in such a great time with so much technology that it is so much easier to invest in real estate.

And also with scheduling in the time in your life.

There's so many ways to make your time used more efficiently.

You know, like Evernote is a great place.

You keep all your notes inside there.

Dropbox is another great thing, listening to podcasts, but I want you to look out for tools that you can use, and you're probably already using these, but see how you can use these for your business to make your time much more efficient.

You can schedule things better and you want to make sure that your time is utilized the best.

Now this podcast, I'm not going to go.

It's way out of the scope of.

This podcast to teach you, you know, the systems to organize and, you know, schedule a time.

I'm sure you can figure that out pretty easily.

What I want you to do is now utilize those things so that you can get your business built, that you can continue to buy properties.

You can have other people work for you.

This goes in the next step.

When scheduling your time and thinking about how much time is spent on your business, think about how you can have other people work for you, how you can pay other people to do the work that you can do, but you pay them everything from property managers like I don't manage my properties because my property managers do that.

You can have contractors, realtors, wholesalers, mortgage brokers, and this goes into the next step.

And from scheduling your time and taking care of your time with investing while you have a full time job, what you want to do, a big huge suggestion is to build a team of others working for you.

You want to have other people working for you day in and day out, when you are sleeping, when you are working, when you're on vacation, when you're playing with your kids or going on a date.

You want to have other people like property managers, realtors, like I said, mortgage brokers, bankers, wholesalers, contractors, handymen, plumbers, all these sort of people.

Your job is to build a team of people that are working for you.

The biggest thing that you can do in your business is hire others to do all the work for you.

Now, I have a podcast episode that I want to give you.

Go back and listen to my podcast episode number eight, where I talk about how you can build an automated business by having a team of people working around you.

To listen to an episode, go to masterpassiveincome.com.

zero Zero eight.

That's the 8th podcast episode.

You're going to learn how to build a team who you want on your team, who are the must have people that you need on your team, and then also the nice to have people, you know, if you build it even further than that.

And so go back and listen to that episode or go to the podcast show notes and I walk you through everything there.

So what you want is to build a team of people around you.

The next item in how to invest in real estate with a full time job is money and finances.

I know that's one of the biggest questions I get from everybody, from all my students, from all my podcast listeners, from everybody who reads my books.

It's basically how do you get finances?

Like how do you take care of the money?

Obviously, you know, if I had a million dollars, I can go buy properties.

Well, everybody could.

You know, I didn't start with a silver spoon in my mouth.

I literally built my business from scratch.

I saved money, bought a property, saved more money, bought another property, refinanced those properties to then buy more properties.

So that's how I did it.

So with money and finances, if I know that's most people have that issue.

One, the first step is increase the amount of income that you make.

Now, if you have one job and you think, well, I'm not making much money here, I'm just over broke because my boss isn't, isn't giving me more money.

Well, go and ask for a raise.

It doesn't hurt to ask for a raise.

Literally ask for a raise and say, you know, I think, boss, I'm doing a great job and these are the reasons why I'm benefiting you.

And here, here's, here's a tip.

This is a tip outside of the scope of this podcast.

But when you're asking for a raise, don't tell your boss the reasons why you need a raise.

Don't tell him that because that doesn't affect him.

He doesn't care.

He or she doesn't care, you know, might well tickle their ears, like, oh, he needs this, he needs that.

Don't tell them that.

Tell them the reasons why they need to give you a raise.

Show them how you benefit their company or whoever you're working for.

Show them why it's necessary for them to give you the raise.

So here's what I wanna give you.

This is the tip.

You want to point out to your boss why they need to give you this raise.

What benefit goes to them?

And when you do that, it's gonna make it seem like in their mind, like, man, we have to, because this is gonna benefit our company so much.

And I'm not sure.

You're gonna have to figure out whatever your job is and whatever you're doing now.

You're gonna have to figure that out, but you have to figure it out well.

And when you express the reasons why you need a raise, it's because it's going to benefit that company.

Okay?

So increase your income.

It could be asking for it.

Raise.

It could be driving for Uber.

Like, if I.

If all my properties went to crap and I literally could not make any money, I'm not getting a job.

I'm going to drive for Uber or Lyft.

I'm going to figure out, you know, Uber eats, or I'm going to drive for Amazon.

I'm going to do.

Driving is a lot of it, but I'm going to do other things.

I'm going to start businesses.

I'm going to.

I'm going to go sell things door to door.

Like, I am not going to work for somebody else because I had a taste of what it's like to be my own person.

So with increasing your income, go and get a side job.

Go and get another.

Another, you know, if you're actually a delivery driver, you're driving for Uber or something like that.

That's more time you could be learning.

There's more time that you're making money and learning.

So increase your income.

And increasing your income is so that you can save more money.

Now, the next step after increasing your income is increase your savings amount.

When you have money, it's so easy to buy properties.

Trust me, it's so easy.

It's super hard when you have, you know, to get seller financing or find wholesalers.

I mean, that's much, much harder to do or if, you know, tax liens and all that sort of stuff.

But if you have money to spend on the cash, it's so much easier and you get a big discount.

So you want to increase the amount of savings that you do every single month, put away $100, like, force yourself $100 even though you don't have it, force yourself to save $100 every single month.

And then in six months, increase that to $125 or $150.

The more money you save every single month, the more properties you will be able to buy and the faster you will be able to buy it.

Here's another thing with money and finances.

Cut expenses.

Now, I'm not saying this is going to be forever, but you want to cut expenses so that you can save more money to buy more properties.

Now, I cut so many things out of my expenses way back when I first started.

Now I have them put it put back in, like, you know, buying coffee or going out to dinner almost every, every other night.

Like, I cut those things out because I didn't have money, but now that I do have money, I put them back in.

So you want to cut expenses, and it could be you're driving, you know, maybe $600 a month more or payment on a car, not mortgage payment, but auto loan payment.

You know, give that car back or sell it.

Get out of that $600 a month or even $400 a month.

You want to have a car that gets you from point a to point b and has as little money coming out of your pocket as possible.

Like I've told you many times, I still drive my 2007 Honda Odyssey even though I have plenty of money.

Praise the Lord.

I have plenty of money that I could go and buy a car, but I don't because I don't need to.

It's not something.

It's like I cut it out of my system of, you know, having expensive things.

And now that I have plenty of money, it's like, ah, I'm fine without it.

But who knows?

Maybe in the next few months I'm gonna go buy my wife a car just because, you know, I love her.

And it's about time.

Maybe it's time to do that.

But you cut your expenses out now and then you could put them back in later.

So this is a huge tip.

Cut your expenses so you can save more money.

Now, the next part is continue to save and continue to use that money and invest that money so that when you quit your job, you have plenty of that innate sense of saving money in your system.

Continue to save until you actually quit your job.

Don't go and overspend on, you know, something that's just going to take money out of your pocket.

I specifically remember a time where we had an opportunity to go to Disneyland with, you know, some friends or family members.

And we said, no, we're not going to because we're saving money.

I thought, you know, that $3,000 we're going to be spending at Disneyland, that's a whole property that I could buy.

I could use that money to buy a property.

Now with money and financing, continue to save, but then also find other investors who may want to lend you money.

It could be your family members, it could be your dad, your mom or acquaintance.

So with you telling everybody that you're an investor, somehow that whole, it's really neat how people in networking, they start thinking, hey, I don't want to do it, but I have money that I can invest through you.

Would you want to do that?

When you get to the point where I am, I have people asking me all the time like, I have money, can you invest it for me?

Or, you know, are you buying an apartment complex?

Can I invest with you?

I'm like, so anyways, I have a huge long list of all the people that I could reach out to when I buying a, you know, like a $10 million apartment complex and say, hey, we got to raise 2 million.

You know, how much money do you want to put in?

Do you want to get a percent equity in the stake in the property?

So as you become an investor and you get more and more into it, more people want to give you money.

So be talking to other people about how they can invest with you.

Now, another thing, when you're building your business, you're talking to mortgage brokers in money and financing.

Keep talking to mortgage brokers, seeing what they need from you, like what your credit score needs to be, how much money you need to make, what they need from you in order to be able to give you a loan for a property.

Now that moves on to networking, you need to network with other people.

Find a real estate investment association group that meets together in your area.

More than likely they will.

It's Reia.

Like if you just type in REIa in a search, Internet search in your area.

Like if you're in Oklahoma, type or, you know, let's say Tulsa, type in REia, Tulsa, Oklahoma, and you'll probably find one in your area.

This helps you get around other investors that you're going to be able to, you know, rub elbows with and sharpen each other's ideas and maybe find deals there and find other investors to work with.

Now with master passive income and the course that ultimate real estate investing course that I have, it comes with a real estate investing group that I have all my students a part of, and we're all working together, trying to help each other out.

And I'm in there answering people's questions as well.

And so we're working together to build businesses together.

Now, I want to give you, after we've gone through just all that, I want to give you a step by step process that I would take and that I actually did take to buy my first property.

Number one, I needed to find an area to invest in.

I needed to make sure I was investing in a place that actually had a good cash flow, a good cash return.

And for me, I was in California when I started investing, and the first place I bought was in Ohio, and it was because they had good returns.

I could buy a property for fairly inexpensive money or fairly cheap, and it gave me a lot of money.

Passive income coming in.

So first one, find an area to invest.

Number two, once you find that area to invest in, you see that there are plenty of properties that you can buy, and you continue to build your business.

You want to build a team to work for you and work in your business.

So where you're going to go and start investing, make sure you find the property managers, the realtors, the wholesalers, the mortgage brokers, all that sort of stuff.

You want to build up your business in that particular area.

So that when you do buy a property, you find and you buy a property, then you have your team immediately jump on that property and start working for you.

Where they're fixing up the property, they're leasing it out, they're getting that tenant in there, they're collecting rents, and you have that business already running.

So I never buy a property until I have the business already running.

Next thing, after you build that business, you know, first one, finding an area.

Number two, you're building the team around you.

Next step.

Number three is to find a property really utilizing wholesalers, like I said, utilizing realtors, zillow.com, comma, craigslist.com, comma, all these different places to find a property, analyzing the numbers and making sure that you're gonna make passive income every single month.

And once you do that, once after you have all that, everything in place, you buy the property because you have the mortgage broker, you know, you have your savings, and then you buy that property, then immediately have your property manager fix up the property, fix up the property, get it ready, start listing it.

For, say, for rent, and then you.

Also find a good tenant.

The next step would be really find a good tenant.

I'm a strongly suggest you run a background check.

Never, never, never.

I'll say it again, never, never, never place a tenant unless you run a background check.

Now if you use cozy like I do, it's a property management system and go there, it's completely free to you.

It's fantastic.

Masterpassiveincome.com cozy c o z y.

If you go there, you will be able to utilize their service.

Put your listing of your property for rent and anybody who wants to rent your property, you can say, you know, make sure they do a background check and the tenant pays for the background check.

You get the background check and you can see if this tenant's going to be a good tenant for your property.

So use cozy.

Fantastic.

Masterpassiveincome.com cozy get yourself running good background checks so you can find a good tenant.

Here's the last step.

Super simple to say, but harder to do.

Do the process all over again.

Like literally do it all over again.

It's a rinse and repeat type of business.

I now, because I have my businesses set up in certain areas, it takes me literally one to 3 hours from finding a property to getting it rented and making money every single month because all I need to do is find a property.

Actually, people bring properties to me, so sometimes that doesn't even take any of my time.

But I run the numbers.

I make sure I get the financing set up or my cash or however I'm going to do it and buy the property.

So it literally takes me at most 3 hours to find a new property that makes me money every single month.

Now this has been hopefully a great way to show you that you can invest in real estate with a full time job, just like I did.

And now it was nine years later I quit my job and that is it for today.

Go ahead and get my free real estate investing course, Texas Word rental the 3377.

Rental the 33777.

You can also join my real estate wealth builders group coach coaching, get all my courses.

All right, guys, we'll see you in the next show.

See ya.