Passive vs Active Investing W/ Dusten Hendrickson

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Smartinvesting, Buyingrealestate, Investing, Multifamilyrealestateinvesting, Business, Investingsmart, Apartmentinvesting, Management, Makingmoney, Realestateinvesting, Cashflow, Jakeandgino, Realestateinvestment, Commercialrealestateinvesting, Buyingapartmentbuildings, Entrepreneurship

4.9 • 842 Ratings

🗓️ 12 August 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

There are several different ways to get started with real estate investing and it all depends on your vision, goals and availability. On this episode, Jake and Gino talk with Dusten Hendrickson. Dusten develops real estate, purchases existing value add real estate, and invests passively as an LP. He also helps others invest in the same deals he invests in. He owns and asset manages over 300 units and he passively invests in over 1000 units. Key takeaways from this episode: Revenue is vanity, profit margin is sanity and cash is king. Focus on ROE (Return on Effort), not just scaling up. Moreover to begin with passive real estate investing, consider syndication as it allows you to own real estate without management responsibilities and other related liabilities that are typically there to take care of in active real estate investing. Use social media to establish your credibility as an industry specialist and grow your network. This episode starts from roofing, covers do’s and don’ts in real estate investing and ends with how to keep your ego under check. You don’t want to miss on this freewheeling discussion. Learn more about Dusten’s initiatives: www.mailboxmoneyre.com Curious about Multifamily Investing? Register for this complimentary training now: https://bityl.co/6v71

Transcript

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0:00.0	If you just want to own real estate, you should get into syndication deals where you're just no liability.
0:14.0	Hello, everybody, the sixth sends out, host of the Wheelbarrow Props podcast.
0:16.7	You have my co-hosts, a multifamily mentor, the coach, Chef, Father Six, best selling an author, The G-Daddy.
0:22.2	Gino Barro, Gene, how's it going?
0:23.7	Mr. Stenziano.
0:25.3	What you're going to say?
0:26.0	What's you going to say?
0:26.9	What's you going to say?
0:27.8	Mrs. Skittles over there.
0:29.1	I like the shirt.
0:30.3	Maybe we'll even sing a thriving community around the concept of mailbox
0:42.2	money. He began working in the roofing trade and now uses real estate syndication to help others
0:47.5	passively invest and keep more of their harder money. So about further ado, Dustin Henderson,
0:52.9	welcome the show. Thanks for having me, guys. I really appreciate it. It is our pleasure, as the folks at Chick-fil-A
0:58.8	like to say. I would like to hear a little bit about this roofing. Talk a little bit about
1:04.6	starting in the roofing trade. What exactly did you do and did any of those skills transfer
1:09.7	over into multifamily investing?
1:12.4	Yeah, a lot of the skills transferred because it's just business.
1:15.3	It's money and money out.
1:17.2	Business. He's in a business.
1:18.2	Business.
1:19.6	So I realized when I was roofing, I mean, I joined a roofing company and then I slowly got moved up the ladder.
	...

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