He Sold $1 Billion in Real Estate, Then Co-Founded GoBundance - Pat Hiban | Our Family Invests

Pat Hiban was the #1 real estate agent in the world in 2004, then did it again in 2006 at a different brokerage. He sold over $1 billion in homes before walking away from active selling at 46, with no buyer for the team he built and no big payout waiting on the other side. In this episode, Pat tells Mike and Caroline what it actually looked like to dismantle the machine he spent 25 years building: laying off 22 people in a single year, shrinking an 8,000 square foot office down to almost nothing, and eventually just closing the business because he couldn't find anyone to sell it to. He also opens up about losing $1.2 million in nine months during the 1999 stock crash, the same year he first thought he'd made it as a millionaire, and why he says today's market feels eerily familiar. Why Pat walked away from real estate at 46 with no buyer and no big payout The "barrel of monkeys" framework for knowing if a mastermind is worth staying in How he lost $1.2 million in nine months during the 1999 stock crash What happened when he got fired from the leadership role he left his own brokerage for The investing edge that made his Section 8 and college rental properties work How GoBundance grew from a free hiking trip into a 1,500-member mastermind Pat also talks about 33 years of marriage, why his wife's trust made his riskiest bets possible, and the line from his mentor that's stuck with him for decades: fear of loss is a greater motivator than the opportunity to gain. It's a rare, unpolished look at what walking away from the top actually costs, and what it builds in its place. Subscribe to The Weekly Compass, our free weekly newsletter with short practical tips for building wealth, aligning your family, and living intentionally: https://OurFamilyInvests.com