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 yearsWhy many real estate agents don’t investHow he obtained his first property by house hackingThe story of an illegal alien investorWhat Section 8 rentals are and why he invest in themThe pros and cons of Section 8 tenantsHow he makes money through college rentalsHow he manages his propertiesHow to make a property college-proofWhat exactly a “come bet” isWhy he looks for track record before investing with someoneA discussion on horizontal streams of incomeAnd SO much more!Links from the ShowBiggerPockets VideosBP Podcast 188: Using 20+ Years of Studying Market Cycles to Buy Low & Sell High with David GudmundsenBiggerPockets WebinarGoSection8BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren SagerBP Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew CushmanBiggerPockets ForumsGoBundanceBooks Mentioned in this ShowRetire Young Retire Rich by Robert KiyosakiThe Surrender Experiment by Michael A. Singer6 Steps to 7 Figures by Pat HibanTweetable 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 PatPat’s BiggerPockets ProfilePat’s Company WebsitePat’s PodcastVPACQ