Our Family Invests Podcast

← Our Family Invests Podcast4 aug · 1 u 04 min

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

He Sold $1 Billion in Real Estate, Then Co-Founded GoBundance - Pat Hiban | Our Family Invests4 aug1 u 04 min

<p>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.</p><p>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&#39;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&#39;d made it as a millionaire, and why he says today&#39;s market feels eerily familiar.</p><ul><li>Why Pat walked away from real estate at 46 with no buyer and no big payout</li><li>The &quot;barrel of monkeys&quot; framework for knowing if a mastermind is worth staying in</li><li>How he lost $1.2 million in nine months during the 1999 stock crash</li><li>What happened when he got fired from the leadership role he left his own brokerage for</li><li>The investing edge that made his Section 8 and college rental properties work</li><li>How GoBundance grew from a free hiking trip into a 1,500-member mastermind</li></ul><p>Pat also talks about 33 years of marriage, why his wife&#39;s trust made his riskiest bets possible, and the line from his mentor that&#39;s stuck with him for decades: fear of loss is a greater motivator than the opportunity to gain. It&#39;s a rare, unpolished look at what walking away from the top actually costs, and what it builds in its place.</p><p>Subscribe to The Weekly Compass, our free weekly newsletter with short practical tips for building wealth, aligning your family, and living intentionally: <a href="https://OurFamilyInvests.com/newsletter">https://OurFamilyInvests.com</a></p>