Take it from someone who has sold over $1 billion in real estate -- we are at the top of the market, and investors looking to buy now should take caution.
Pat Hiban is a former real estate broker turned investor. He's best known as the host of his own podcast, Real Estate Rockstars, which interviews the top real estate agents around the country.
For the past 30 years, Hiban has been an agent, broker and investor in residential and commercial properties. He's sold over $1 billion in real estate, including more than 500 homes in one year and 14 homes in one day.
In 2010, Hiban sold is real estate business and co-authored a book with his business partner, Mike Sloan, called "6 Steps to 7 Figures: A Real Estate Professional's Guide to Building Wealth and Creating Your Destiny." The book featured an introduction written by real estate mogul Gary Keller of Keller Williams Realty, which helped it sell more than 20,000 copies and reach the sixth spot on the New York Times Bestseller list.
He's an investor in several small companies including GoBundance, a mastermind for high achieving men, and Infiniti HR, a payroll, human resources and PEO firm. He launched his podcast in 2014, and currently owns two training platforms for real estate salespeople.
In this interview for the Capital Gains podcast, Hiban shares his views on the right way to go about investing in real estate, where we currently are in the market cycle, and what that means for the real estate investing climate.
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