John Casmon

How to be Successfully Unemployed with Dustin Heiner, Episode 169

Weeks after his wife gave birth to their fourth child, Dustin Heiner found himself laid out from his job. In this moment, he realized his value should not be tied to his job. His first step was to call around the firm to get another job. His second step was to focus on investing and building separate income streams. Dustin helps others become successfully unemployed through his podcast and websites. In this episode, Dustin shares how he invests with a location independent model, his rules for building a business and how he’s successfully unemployed.

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Key Insights

Shortly after his wife gave birth to their 4th child, Dustin found himself laid off unexpectedly
Invested in various businesses and real estate worked best
Lived in Arizona and decided to fly to Ohio and started investing in Youngstown, OH
Buys single-family rentals that generate $250 or more per month
3 bedroom, 2 bath home, 1200-1500 sq ft with 2 car garage
Loves the Midwest, Carolinas and Florida
Keeps return expectations simple with a focus on cash-on-cash return
Build the business
A good property management is like a quarterback and critical to investing in a market – interview 5-6 managers
The more people you can help, the better your business will do
Ran a convenience store and enjoyed meeting customers daily

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