SPC102 - Starting from nothing + Losing an Apartment + Transitioning from Active to Passive Income with Pat Hiban

YouTube Link: https://youtu.be/dSNwXUhxpLEPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: $480k horizontal incomePodcast is not simple passive cashflowUsed commissions to invest into real estateStarted out trading tome for money, working 40 hours a week, and was left with a $100 every weekSold timeshare presentationsDanny got 3-4 of these a day and was the leader at the time and Pat beat himWent to college and went to real estate sales where he is making commissionsDiscovered horizontal lines - bought SFHs and moved to apartments and other buildings/businessesLost 2/3 of initial investment LTI - After you pay your bills - currently $200K a yearMoving around current investments18% lawyer loan, some private equity notes, apartment building syndicationCrossed over at age 46 to financial freedom numberWorks 3 days a week (Tuesday-Thursday)Chose to not work as much in 40sLook where the poor creative lives because that is where the transitioning area isRobert Kiyosaki says don't buy where there are craneAlchemist 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 failedRip and duplicate things that are workingReal estate rockstar podcast! Hosted on Acast. See acast.com/privacy for more information.