How the Pandemic Impacted Real Estate Development with Dusten Hendrickson

Passive Wealth Strategy Show - Real Estate for Busy Pros

Whether you’re new to real estate or a seasoned investor, Dusten will be your primary guide to earning passive income. His entire career is grounded in real estate. From owning a roofing crew to building homes, duplexes, and apartments, He amassed the experience it requires to successfully integrate development, construction, property management, and asset management into each project.

[00:01 - 03:39] Opening Segment

• Get to know Dusten Hendrickson
• Founder of Mailbox Money RE
• What Mailbox Money RE is all about

[03:40 - 14:34] How the Pandemic Impacted Real Estate Development

• Getting through supply chain disruption issues
• Dusten shares some of their company’s strategies
• Inflation and the sky-high prices
• How Dusten and his team handles financial disruptions in the middle of a deal
• Why You Have to Constantly Build
• Staying Disciplined in Underwriting
• The Exit Strategy

[14:35 - 23:21] Evaluating Real Estate Developments

• What market is the best?
• Setting the Right Deal Prices
• Keeping the Control: How to not give too much control to third parties
• Some massive hold up Dusten and his team experienced

[23:22 - 31:19] Closing Segment

• Quick break for our sponsors
  • Groundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.
• What is the best investment you've ever made other than your education?
  • A piece of farmland
• Dusten’s worst investment
  • A piece of farmland

• What is the most important lesson that you've learned in business and investing?
  • “The better that your mood is, the more positive that you can be the more that you can increase other people's consciousness around you, the more you can lift people's spirits around you, the more successful you will be. No question.”
• Connect with my guest. See the links below.

Tweetable Quotes:

“Every time you develop, now, it's even worth more because it's going to be that much harder, developing in the future, and you're building a product that people want now.” - Dusten Hendrickson

“The best land is where the people want to be.” - Dusten Hendrickson

“You should never do any business when you're upset. You should never communicate when you're upset. ” - Dusten Hendrickson

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Connect with Dusten Hendrickson through LinkedIn. Visit their website https://mailboxmoneyre.com/.

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

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