Foreign.

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

Welcome to the Master Passive Income show.

My name is Dustin Heiner and I'm here to help you get financial independence, quit that job, that just over broke job and create generational wealth by investing in real estate.

And in today's show, I'm going to share with you how you can become an income based builder.

That's where you make money every single month from your real estate to not have to work a job again or be able to have financial freedom so you could do whatever you want in life.

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.

Hey.

Hey.

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

Now I'm fresh off of three weeks of traveling through Japan.

Now, traveling through Japan was so amazing.

I drove 3,500 miles to 3,500 miles on the left hand side of the road, or I could say the wrong hand side of the road jokingly, but it was so amazing.

Driving.

Went through Japan and it was during the Sakura season.

That's where the cherry blossoms are out.

Super amazing and beautiful.

And so we drove from Tokyo, going all the way up north to the island of Hokkaido.

That's the top island above the main island of Japan.

Just drove all around Hokkaido, took a ferry because you know, you had to get the rental car across the ocean into the island to Hokkaido, and then took the ferry all the way back and then drove up the northern side of the main island by the Sea of Japan, saw some family members, I have family there that live in Japan and went to Tokyo.

But we were there for almost three weeks, 3,500 miles.

And, and I documented a little fun things like the donut shop that cost, oh my goodness, it was like $4 a donut.

But it was so amazing that Japanese people lined up literally around the corner every day.

Like literally every day.

And so we waited in line.

Cause we're like, hey, we're in Japan, let's go ahead and try it.

But they were amazing donuts.

So I talk about that on my Instagram channel as well as buying Wagyu Wagyu.

In fact, on my Instagram channel.

It's kind of funny.

You know, some people are nice and some people on Instagram or social media are kind of rude.

I mean, you can call them jerks.

But anyways, they're saying, hey, this guy's not pronouncing wag you the best.

He's saying wagu like it's Mr.

Magoo.

It's just weird.

Like, I don't understand how people think.

And well, their comments are just really rude.

But anyways, apparently I mispronounced Wagyu.

Wagyu.

Wagyu.

I think that's how they say it.

But anyways, even though I'm Japanese, I don't speak a ton of Japanese.

But if you go to my Instagram channel, the Dustin Heiner, just look me up on Instagram, the Dustinheiner.

You can even reach out to me.

I love getting DMs.

I would like to chat with you, see how you, how you're doing on your investing and encourage you in that.

But I've documented quite a few things in Japan and everything that we've done in Japan.

Super fun being able to go through Japan.

But, uh, anyways, I, I'm super excited about this one episode that I'm doing now.

Now, this episode you're listening to.

This is a recording of the Real Estate Wealth Builders Conference.

And I'm unveiling in this episode how you can be an income builder.

How the Real Estate Wealth Builders Conference is, is changing.

We're changing a lot of things from the direction who we're focusing on, all that sort of stuff.

And, and I explain that because my goal is to help you become an income builder.

Now I'll give you a quick little glimpse into it.

When you invest for wealth, you know, like, hey, I just want to buy a property.

I want to get wealth.

Well, that does not necessarily equate into income.

In fact, I knew a lot of people back in 2008 when the economy crashed, they were investing for wealth.

Well, they didn't invest for income.

And those are the people that got hurt really, really bad.

In fact, they went bankrupt because values went down and they just went foreclosure and went bankrupt.

Well, I didn't.

I made more money because I invested for income.

Well, wealth does not equal income.

But income always equals wealth.

When you invest for real estate or in real estate for income, you will always get wealth as well as the opposite is not true.

You know, wealth does not always equal income.

And, and that's the reason why we.

I'm bringing up this episode and all the changes at Master Passive Income that I've been sharing with you about.

And so if you were at the Real Estate Wealth Builders Conference, it's now changing because our real Estate Wealth Builders conference is going away and something brand new is coming.

And I, I'm not going to tell you right now because I want you to listen to the episode but if you were there, I really appreciate you being at the Real Estate Wealth Business Conference, seeing everything firsthand.

And I kid you not, I had so many people come to me and say that they've been to multiple Rubecons Real estate.

Well, those conferences and this one was by far the most impactful, the most, I guess insightful, encouraging as well as getting them to invest in real estate.

One of my friends who spoke at the conference the last four years, a good friend of mine, she spoke at the conference last four years and she said this is by far the best event.

And, and I am so much more pumped up about investing now than I have in all the other events root cons that you put on.

And it was because of all the changes that we put on and watch out because in the future, maybe next couple weeks, maybe month, I'm gonna actually do a live, well, live virtual if that's what you can say.

But it's gonna be a virtual but a live recording.

Recording, how do I say it?

It's going to be live but I'm going to be replaying with a host.

I'm going to be there as well.

But we're going to be, I believe we're going to be on Zoom, but it's going to be a virtual showing of the entire real estate weather brothers conference and everything and all the learning, all the excitement, all that good stuff.

We're going to be doing that pretty soon in the next month or two.

So be on the lookout for that because I want you to get the excitement, get the basically changing, the life changing experience even if you didn't show up.

I want you to have that like various building experience.

And I'll be completely honest and say right now is amazing time to invest in real estate.

If you're not already investing, you better start investing.

So a couple things.

I bought a 375 unit apartment complex this last month.

I bought three single family homes.

I've refinanced and pulled cash out to buy more properties.

I'm doing subject to deals which means I take over the mortgage payments.

I am, I'm an investor, that's what I do.

And I am here to show you what I'm doing and what I've been doing since 2006.

In fact I have 30 plus properties that are making me money in passive income and I'm going to show you exactly how to do that.

And in this episode that I am showing you, then this is a replay.

This is a recording of my talk that I gave at the Real Estate Wealth Builders conference.

And at this talk, I unveiled the new vision, new trajectory for.

For you as a real estate investor.

My goal is to help 1 million people to invest in real estate and hopefully become financially independent and hope you are one of them.

I've already got thousands and thousands made, tens, maybe hundreds of thousand people that are investing in real estate.

And so I'm on the path and you need to be one of them to change your life.

Honestly, this is fulfilling for me.

When I say that I bought properties, those are great.

Now I make money, which is great.

I'm not driven by money, but the reason why I'm trying to help a million people to invest in real estate is because I get fulfilled.

When you.

When you buy your first property, when you buy your fourth property, when you become a scaler, you start scaling your business to become a successful real estate investor where you can quit your job.

I feel fulfilled, like I've done something to help another human being and hopefully that's you.

To be.

Become financially independent, be able to have generational wealth.

That's my ultimate goal in life because now it's not worried about money.

I'm not worried about my family.

I'm blessed to have five kids.

God's so good to me.

I'm very, very blessed.

Praise the Lord.

And now it's all about helping you to become a successful income builder and hopefully become financially independent.

And that's what this episode is all about.

I'm super pumped to share it with you.

All right, let's get into today's show where I am going to be showing you how to become an income builder, which gives you so many other things.

Wealth, financial freedom, and time freedom as well.

All right, here we go.

Let's do it.

With that being said, please welcome your friend Dustin Heiner to the stage.

Yeah.

Here we go.

Here we go.

I have been waiting for this very second for a long time.

We've been creating at Master Passive Income and the Real Estate Wealth Builder Conference, something that's going to hopefully make you so much more successful in your real estate investing.

And what I want to do is walk you through where we've been and where we're going.

Is anybody excited about their investing journey now after all?

Yes, I want to hear that.

Yesterday we talked through so much stuff and hopefully you've been able to believe now that you can do this, that's my ultimate goal, is to help you believe now that you can do it now.

At the same time, I want to help you do it as well.

You guys just heard that Roger told you that somebody here is going to get $3,000 to help them buy their first property.

I believe in you so much that I want to do that for you.

So you gotta be here tonight or this afternoon.

Cause we're gonna unveil it there as well as we're gonna raffle it off.

Justin, are you ready to get my PowerPoint going?

Awesome.

So this is the direction that we're going.

I want to share with you a little bit about where we've come from, but also where we are going.

So people may ask me, why is this the last Real Estate Wealth Builders Conference?

And also I've heard you just yesterday talking about somebody coming back, you know, after they got success, come back and celebrate on stage.

It's not that we're going to stop doing events.

I love events.

I love having you guys.

In fact, I love meeting you guys in the hall and talk to you.

I wish I was out there more, but I've been having a lot of things to do.

But that's not ending.

Let me walk you through a little bit more.

So why is this the last Real Estate Wealth Builders Conference and we've had.

This is our fourth year now.

Well, let me take you back to the beginning on how it started.

Now, if you remember, Yesterday, Charles Rose Jr.

One of my students, came up on Stage and in four years, he got 29 units.

Financially independent, in my opinion, I've seen this happen.

I've done it too.

It should take you about four to five years to become financially independent, become into that income investor.

If you got to work hard, don't get me wrong, you have to work hard.

But it's possible, absolutely possible for every single one of you to do that with that.

Though, imagine in 2021 when I was planning the first Real Estate wealth builders conference.

That's four years now, 2025.

Now, if I would have given you that roadmap back then, if I would have helped you get started back then, even more so right now, you'd be financially independent if you had taken those steps.

This is why everything that we're doing now from this point moving forward is to help you become an income builder.

Let me explain a little bit more, and I want to pause for just.

A quick second and say thank you so much for listening to the show.

If you've gotten anything out of the show.

I would appreciate it if you went to anywhere that you listen to say.

Apple or Spotify or where.

Leave a five star review.

Honestly, I really appreciate you leaving an honest review.

I just love giving all this information out and I want to see you succeed.

Also send this to one person.

Just tell one person say, hey, Dustin wants to help a million people to invest in real estate.

You need to listen to this because it's going to change your life.

Lastly, get my real estate investment course completely for free.

Text the word rental R E N T a l rental to 3377 rental the 33777 I'll literally give you my course showing you everything in the business so that you can become financially independent.

I'm going to take you back to the beginning.

So in 2015, I can't believe I found this video.

This is on 2015, one of the very first videos I ever created.

I had no clue what I was doing.

I barely started coaching people and I created this video and I gave out my.

Basically, it's a very crappy, crass way to say it, but a very bad Excel sheet of what I did because I'm not a numbers person, I'm not an Excel person.

I just knew I needed to calculate things and there wasn't anything like this back then.

In fact 2006 when I first started investing in real estate, I went to one of those quote unquote gurus and they said I was watching because when you're working, you watch TV late at night and you go to work and you watch TV and you go to work.

Well, I was watching late night infomercial and this guru said we're coming to your town free two hour seminar.

Well, I went to that two hour seminar.

I was like this is so fantastic.

Well, it was all hype, all sales pitch.

And they said now run to the back.

And they suckered me as probably other people like you know, Tom spoke yesterday.

We got suckered into spending this much money for this much value.

It was just a way to make money.

That's why I created in 2015 master passive income.

I want to help people.

I was already fan shim pendant.

I want to help people just giving all this stuff away for free.

But then also that past, I guess issue trauma problem of being suckered that led me into creating the real estate Wealth Builders conference saying thinking we don't want these high pressure sales.

We don't want high $80 grand for $2,000 worth of value.

That's what they were doing.

That's what I got suckered in, Tom.

Many people got suckered in.

So in 2015, I started this and I was giving away my Excel sheet.

Now in 2019, so sorry, I started Master Passive Income, started doing that podcast, all that sort of stuff, selling courses and books.

And in 2019, I started successfully unemployed.

This is my podcast as a business podcast.

Since then, pausing the story, I've given that over to Roger.

You guys, Roger are master of energy.

He's got a lot of energy, he's doing well with success.

Unemployed.

I've offloaded that to him so that he can take up that mantle and.

But the question came, why are you doing successfully unemployed?

This is in 2019, kid.

You not.

I was going to give up Master Passive Income.

I was going to give up all the coaching in real estate because it was boring.

It was boring.

People were buying courses.

But I don't make money in my courses.

I make my money through real estate.

And I was not seeing people's lives change.

So the big reason why I was getting bored of it and I wasn't seeing people's lives change because this is one thing I want you to realize.

Real estate is not about properties.

Real estate is not about properties because my goal was to help people to invest in real estate.

Then I realized real estate is about people.

No matter if you're working with a seller, that you're trying to buy their home or a tenant, you're trying to get it rented, or you're trying to sell your house, or you're working with a mortgage broker or IRA company.

No matter what, everything is about people.

So what I did was I created in 2020 group coaching where I can connect with lots of people all at one time.

This brought new life to me because I had people around me now, which was so great.

And then Rubecon, because all of my people online said, we want to get together.

I said, that's a great idea, let me do it.

So 2021 planned it.

Four months later we had our first ever Rubecon and and then we had in 2023 and 2024, and then now we have Rubcon here today.

But Rubcon was flawed from the beginning in my vision of helping one thou, one million people to invest in real estate.

I know that now, at the beginning I thought it was this is the great way we'd go.

But now I realized my vision was flawed, the path was flawed.

Let me share with you, why flawed from the beginning?

Because first I built rootcon around community.

That's not a bad thing at all.

Don't get me wrong, community is not a bad thing.

But this is a flawed goal because a community of investors does not make you the individual person, an investor.

It makes.

It gets a lot of investors around us, but it does not focus on you.

Now, if I make you an investor, that leads to an investor community.

So my focus, instead of saying, let's just make a community.

No, no, no.

Now my focus is helping you individually to become an investor.

Then the second thing, wealth building.

Wealth building is great.

When I first I was like, yes, that's what we all want.

We all want wealth.

But investing for wealth does not lead to income.

If you buy just to have a bunch of wealth, I know a lot of people that have a lot of properties.

They're not making any money on those properties.

But what does happen?

Investing for income does bring wealth.

Does that make sense?

Everybody nod your head.

Help me out.

Awesome.

Yes.

If we invest just for wealth, we're missing.

We can miss out on income.

But if you invest for income, you will get wealth.

So that's the flawed design of Rubecon.

Well, I'm going to give you the new direction for Master Passive Income and the Real Estate Wealth Builders Conference.

And it is all about income building.

It's all about helping you to build your income so you become financially independent, eventually get to become an income investor.

Now making you and income builder is my new goal.

That's going to help me reach a million people investing in real estate and you financially independent.

So Real Estate Wealth Builders Conference is going away.

We're still going to be doing live events.

It's going to be much more different than you've seen in the past.

You've seen.

People are saying, oh, man, we don't have, you know, breakout sessions.

We're not walking in the halls.

I completely get it.

But we're changing everything because I'm focusing on you as the individual to making you an investor.

Thank you.

Rubecon is changing to be income Building Live.

Income Building Live is what is going to be focusing on you to become an income investor.

With that, we're going to have lots of other changes.

Now Master Passive Income, we have the coaching and education.

We have the live events with now Income Building Live.

But you're missing out on the software and the tools and things that you need to become an income investor.

And I've been so waiting so much for this.

We've been working hard.

Is Juan here?

Juan, are you here?

There we go.

Everybody.

This is my Juan.

Stand up.

Go ahead, stand up for a second.

Juan.

There we go.

Okay, this is Juan.

So pausing, Juan came to me.

He's one of my students.

He came to him and said, dustin, I want to do Master Passive Income Podcast in Espanol.

I was like, what?

Yes, absolutely.

So he started the podcast Master Passive Income en Espanol.

I have no clue what he's saying, so I hope he's doing it right.

He says, but he's great.

And then we started thinking, how do we help more people?

How do we help more people to build an income?

Thank you, Juan.

So everybody give a hand for Juan.

I love it, Josh.

Then you also need the tools and systems to be able to do this.

We have the education, we have the community, we have the live events to get you going.

But there are lots of software out there.

Don't get me wrong, there's good ones out there.

But I want to focus on making you an income investor and making you have financial freedom.

Remember, we have the Mountain Income starter income builder, income scaler, and income investor.

We want to get you there.

And honestly, in four to five years, you should be there if you work hard.

Don't get me wrong, it's a lot of work, but you can.

And imagine four years from now, five years from now, you look back and say, man, I'm so glad I took action back then.

Now, 2015, this was my crude excel sheet.

Then in 20, I want to say 22, I graded the green light Deal Analyzer, a beefed up Excel sheet.

I got a couple like Charles Rose Jr.

He's really good at Excel.

I got, anyways, this helps you to analyze deals so much faster in one minute.

And you see the green lights there, those green little tabs.

It tells you, hey, does it fit the criteria?

Does it not fit the criteria?

And so this works out really, really well.

But it's an Excel sheet, and it's very, very limited.

But it's not bad.

But I thought we could do more.

I started talking to Juan.

Juan said, hey, Dustin, what if we created a software, an app that does this and so much more.

I'm like, okay, this sounds really good.

Let's talk about it.

I've been thinking about it, but I can't program.

I'm not going to program.

So for the last three months, we've been working on this amazing software for you as a real estate investor to help you to create income.

Now, this is just to start, Juan.

A month ago, like January 5th or something like that, we had nothing.

And then now we have a software.

And what I want to say is in a month.

If we can create what we have now, just imagine what's going to happen as we build it out.

It's going to get better and better.

Creating the tools, the systems, processes and everything you need to help you become an income builder.

This is the direction.

So Rubecon, the real estate Wealth Brothers conference is going away because I'm focusing on you.

And then we all need to focus on income as well.

Sorry, as soon as I turn my face one way the mic cuts out.

So I'm gonna keep it maybe this way.

Okay, so we have the site created, we have the software created.

And I'm go back.

We have the software created but this is gonna analyze properties for you.

And don't worry, I'm gonna give just a demo in just a quick second.

But we have where you can analyze properties, set your own criteria.

We have preset criteria in there.

We have that for you.

And I jumped a slide.

I wanted to show you something real quick.

So let's see, let me pull up.

So here's the income builder software.

So income building software is going to walk you through so that you can analyze it in quickly seconds.

So here I just last night I was like, okay, we're in St.

Louis, let me look for a property.

So here's a property, it's 7808 Benmore.

And I said, you know what, let me go ahead and put in here.

So this is what it's going to look like where you're going to get in here at a property.

What's the.

It's 7808 Benmore St.

Louis.

There you go right there.

Then it's going to ask you after you because it pre fills in the data purchase price.

Well, what was the purchase price on here?

230,000.

Whoops, I got a nine in there.

230,000.

Then after repairs, I don't know, let's just say we're maybe capturing $10,000 equity.

Then we down payment 20%.

Let's just leave this.

This is all preset.

You could always change it.

I know we have vendors or sponsors over there that can get you less down payment.

Taxes per year, estimated.

You've got to fix those as well or you know, put them in.

Right.

Insurance, estimated.

Maintenance, estimated.

Expected monthly rent.

I looked it up.

This was 1900.

And this is by the way what I do with my coaching students.

$1,952 Zillow saying let's just round it up to 2,000 in case we fix it up, make it Look a little better.

Vacancy factor, Property management goods already preset.

Then we're going to add the property.

And then we're going to look at.

See on the green light.

Deal analyzer.

Green and red lights.

Well, does this fit our criterias at the very top?

And so you can go back before I get to the top.

You can go back and change and adjust everything.

Like, there's rehab costs that you could put in there.

There's closing costs.

You can add in there as well.

But what we love is this one right here, this cash flow.

Now, as I'm looking at this, I'm like, okay, it's a red light there.

If I go back.

Oops.

If I go back into the overview.

Sorry, Deal analyzer.

And then it's.

Right now it's red.

Okay.

It's not fitting my criteria.

Well, this is what I coach.

All my students say, Dustin, I can't buy a house.

That makes me income.

Like, well, we got to fix that.

How do we fix it?

We lower how much we buy a property for.

So this is what I mean.

We're investors.

Remember, one of the ways we make money is we capture equity.

So let's say I go back in.

What's the purchase price?

They're asking $230,000.

Well, I know at that rate, I'm not making the cash flow that I want.

So.

So I need to adjust that.

And let me say I'm going to give you a tip.

You're an investor.

You're negotiating, negotiate, starting your lowest dollar amount.

So I'm going to say, let's say I can buy it for $200,000.

And then I'm going to go in here and save this.

And you can see the cash flow is increased because the purchase price is lower, mortgage is lower.

All that sort of taxes are hopefully lower because tax basis is lower.

And now you have a property that's cash flowing.

Let me go back and deal analyzer.

You can see it meets your criteria.

But also one thing.

Let's say you wanted your settings.

You wanted to change it, like the minimum cash needed out of your pocket.

You're like, you know, I'm good to spend $40,000, then that's good.

Or if you were to say, you know what, most I want is $10,000 out of my pocket or monthly cash flow.

You change all this criteria so that you have that for how you want to run your business.

And then that would adjust what this looks like.

So we also have.

And we're working on more advanced analytics and criteria and Reporting.

So you get all this.

Now this is just the start.

This is analyzing deals, but I also want to help you to find deals.

We're going to be building out a way for you to find deals.

We're going to be building a way for you to contact even direct mail homes or sellers so you can reach out to them.

Then we're also going to make sure that you can also run the business.

This is just start.

We've done this in about a month.

Wants Phenomenal has done this so far.

Yes, he's done a great job.

Now there's also.

I want to know who would like to have access to the software show.

Raise hands.

Awesome.

If your hands are not up, close your ears because I'm going to give this to everybody for free.

If you don't want it, you don't have to get it.

I'm going to give it to you for free because you guys are here.

So I jumped the punchline.

There we go.

Let me show my PowerPoint.

There we go.

So here it is.

How would you like to get access?

Because you are here, I believe in you so much, I'm going to give you access to it for free.

Is that okay with you guys?

Awesome.

So because you're here, everyone gets this for free.

I couldn't help myself.

This was perfect.

Everybody gets it.

So here's what you're going to do.

Shoot.

I should have put a QR code.

Go to Income builder.

One word.

I O incomebuilder IO.

Go ahead and do it.

Actually, if you want to get it, write it down, but also do it on your phone.

Right now, at the very top, right hand side, we're just launching this live.

Nobody else has used this.

At the top, right, you'll see login.

If you're on your phone, click the three dots, drop it down, you'll see login.

It'll take you to a page.

Is everybody with me so far?

Either create an account or click Google Login that will give you access to your account for free.

You guys working on it?

Awesome.

This is.

My goal is to help you and this is another step in the direction of making you an income builder.

In the future.

We have a roadmap of so many amazing things that this software is going to do.

Our goal is to help you become a successful income builder.

What do you guys think?

Okay, everybody stand up.

Everybody stand up.

Yesterday we did this.

I want to do this again.

We're going to.

If you weren't here, we're going to do this.

I want you guys to believe that you can become an income builder.

And by being an income builder, you need to believe it, and I want you to say it.

So what we're going to do, I'm going to count to three.

One, two, three.

And you're going to say yes.

Okay?

Ready and loud.

I want everybody out there on the street, everybody to hear you.

You guys ready?

Who's ready to be an income builder?

1, 2, 3.

Yes.

Do it again.

1, 2, 3.

Yes.

1, 2, 3.

Yes.

One more time.

We're going to do it three times.

We say yes.

Yes.

And that last one, hold it.

Yes.

Really loud.

You guys ready?

All right, here we go.

One, two, three.

Yes.

Yes.

Yes.

Thank you very much, guys.

All right.

And that is it for today.

Go ahead and get my free real estate investing course, Texas word rental.

The 33777.

R E N T A L to 33777.

You can also join my real estate.

Wealth builders group coaching.

Get all my courses.

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

See ya.