Podcast #102 – Starting from nothing + Losing an Apartment + Transitioning from Active to Passive Income with Pat Hiban

Share on facebook
Share on twitter
Share on linkedin
Share on email

YouTube Link: https://youtu.be/dSNwXUhxpLE

 

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14

Pardon the grammar – I’m an Engeneer, Enginere, Engenere… I’m good with math! Here are the Show Notes:

$480k horizontal income
Podcast is not simple passive cashflow
Used commissions to invest into real estate
Started out trading tome for money, working 40 hours a week, and was left with a $100 every week
Sold timeshare presentations
Danny got 3-4 of these a day and was the leader at the time and Pat beat him
Went to college and went to real estate sales where he is making commissions
Discovered horizontal lines – bought SFHs and moved to apartments and other buildings/businesses
Lost 2/3 of initial investment
LTI – After you pay your bills – currently $200K a year
Moving around current investments
18% lawyer loan, some private equity notes, apartment building syndication
Crossed over at age 46 to financial freedom number
Works 3 days a week (Tuesday-Thursday)
Chose to not work as much in 40s
Look where the poor creative lives because that is where the transitioning area is
Robert Kiyosaki says don’t buy where there are crane
Alchemist talks about the beginner’s luck – Pat started investing in non-real estate investments in 2008 – 50-100K here and there and 50% of them failed
Rip and duplicate things that are working
Real estate rockstar podcast!

Close Menu

SEE The Deals!

Speadsheets, mindset hacks, networking opportunities and more.  Ready To Invest With us?  

Free 15 minute
chat with Lane!

Our analytics tell us most people stay on this page for 78 secs…

so we figure you are a self-starter… or someone to went to school for too long.

No baseball glove needed… there is no pitch coming 😁