029: The Road to Mailbox Money with Dusten Hendrickson

In real estate investing, the reality is that passive income is far from passive. It takes hard work to get the right deals and find the right people to do the job. You also have to have the mental acuity to negotiate deals and handle potential setbacks. But there are things you can do to make it better and more efficient for you.

In today’s conversation, Jonathan chats with Dusten Hendrickson, founder of Mailbox Money and a real estate syndicator. Dusten shares valuable insights into real estate investing, especially, the importance of designing and building well-designed properties and the idea of encouraging your contractors to put some money into equity.

A seasoned investor, Dusten has been in the real estate world since 2003, house-hacking at a time when house-hacking wasn’t even a term yet. He went from being a roofing contractor when he started to now vertically integrating everything from development and construction to asset management and syndications.

In this episode, you will hear:

The idea of clustering your investments
Encouraging contractors to put some money into equity
Scaling once you have the knowledge
Tips for a well-designed home
Why shouldn’t build a house for sale
Tips for finding a partner

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