cover of episode 190: Building 61 Different Passive Streams of Income with Pat Hiban

190: Building 61 Different Passive Streams of Income with Pat Hiban

Publish Date: 2016/9/1
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>Are you building vertical or horizontal income in your life? If you aren’t sure, don’t miss this exceptionally important episode of the <a href="https://www.biggerpockets.com/podcast"><strong>BiggerPockets Podcast</strong></a><strong>,</strong> where we talk with <strong>Pat Hiban</strong> about creating multiple streams of passive income. Pat, who is a New York Times bestselling author, shares his real estate journey with us today, starting from a humble “house hack” to participating in multi-million dollar apartment complex purchases. You’ll also learn why (and how) Pat has <strong>61 different sources of “horizontal” income streams</strong> and the best ways to begin building your own. Don’t miss a second of this incredible show.</p><p>In This Episode We Cover:</p><ul>
  • Pat’s thoughts on being a real estate agent for 28 years
  • Why many real estate agents don’t invest
  • How he obtained his first property by house hacking
  • The story of an illegal alien investor
  • What Section 8 rentals are and why he invest in them
  • The pros and cons of Section 8 tenants
  • How he makes money through college rentals
  • How he manages his properties
  • How to make a property college-proof
  • What exactly a “come bet” is
  • Why he looks for track record before investing with someone
  • A discussion on horizontal streams of income
  • And SO much more!
  • Links from the Show

    Books Mentioned in this Show

    Tweetable Topics:

    • “My biggest regret is not buying a house a year.” (Tweet This!)
    • “On Section 8, I buy where if they find out that I’ll put a Section 8 in there, they’ll be upset.” (Tweet This!)
    • “Create bucket list moments and get the most out of life.” (Tweet This!)

    Connect with Pat

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