190: Building 61 Different Passive Streams of Income with Pat Hiban | Bigger Pockets Podcast
Are you building vertical or horizontal income in your life? If you aren’t sure, don’t miss this exceptionally important episode of the BiggerPockets Podcast, where we talk with Pat Hiban 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 61 different sources of “horizontal” income streams and the best ways to begin building your own. Don’t miss a second of this incredible show.
In This Episode We Cover:
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
BiggerPockets Videos
BP Podcast 188: Using 20+ Years of Studying Market Cycles to Buy Low & Sell High with David Gudmundsen
BiggerPockets Webinar
GoSection8
BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
BP Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
BiggerPockets Forums
GoBundance
Books Mentioned in this Show
Retire Young Retire Rich by Robert Kiyosaki
The Surrender Experiment by Michael A. Singer
6 Steps to 7 Figures by Pat Hiban
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
Pat’s BiggerPockets Profile
Pat’s Company Website
Pat’s Podcast
VPACQ
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