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John Hagen: House Hacking And Living Rent FREE

We're talking house hacking. If you're unfamiliar with it, I want you to pay extra close attention because we are talking with John Hagen. In this particular show, what you're going to find fascinating is that John is in the middle of this process. We’ve got a lot of big-named folks that you've seen, that you've heard from on the show, dropping their wisdom and John is one of those guys that's in the thick. He's in the grind. He's out there making it happen. It was very inspirational.

We got to know John through the community here. I thought I want to tap into what he's doing right now in process to show you that anything is possible. If you're just getting to know what house hacking is, you're going to love this. This is the idea that you can find people to pay your mortgage for you. We're talking multi-family houses here, investing in property, living in part of that property and having tenants pay for it.

If you are interested in that as a concept, you are going to love this show because John is going to break it down. You're also going to get to know John on a very personal level. We open up the conversation with his lifelong disease and what that has meant for him. It's driven him to succeed. It also has led to him giving back by serving on a board. For anyone who has had to deal with disease and conquer it or someone in their family, it's a real heartfelt opening that I know you're going to appreciate.

The other thing that you're going to discover in here is just his attitude of just keep going on. You're going to discover that John isn't anything special. He wasn't born with something special or an advantage. In fact, you may say he was born with a disadvantage. You're going to love that entrepreneurial spirit in this particular show and you're going to learn about house hacking.

Dustin
John, you're eleven years old, the doctor walks into the office, you're sitting down there and he says you have a lifelong disease. He tells you that you've got diabetes and that you're going to have to live with that forever. Does it hit you in that moment, the weight of what he's saying?
John
In that exact moment, it was just a pause. He said I had diabetes. Before he said that, I thought, “I've heard of people who have this. No big deal.” The word lifelong just sunk into me, like the rest of my life. That's a long time. It just sunk in and I remember his words lifelong. I don't remember much about the visit other than I have diabetes and lifelong. That's about it.
Dustin
Will you describe? I don't have diabetes and I don't know if it hit close to home for them. Even if it has hit like a family member, what is it like to have diabetes, what does it do?
John
A basic understanding of diabetes is my pancreas doesn't produce insulin. Most people don't even know what insulin is. It makes it so my body can digest the food that I eat. Insulin is made to break down food because your body needs to absorb the food you eat. If you have diabetes, it just runs right through you and your body doesn't absorb it and you end up not getting nutrients or anything to your body. In every meal, I need to count what I eat. I was counting carbs at the age of eleven before any diet ever thought of and taking shots. At that time, I was on three shots a day. I have insulin pump which every time I eat, I have to give a little bit insulin on my pump. There’s a needle in me all the time. Testing blood sugars to determine how much I can eat and how much insulin to take. That is diabetes and advancements have come a long way.
I'm on a continuous glucose monitor so I can look at my phone or my pump and see my blood sugar most of the time, which makes it easier to manage. It's just that counting carbs and not feeling very good because your blood sugar is high, when other kids are playing or when you're doing homework and your blood sugar is low or taking a test and your blood sugar is low and you can’t even focus. I did get in a car accident when I was 22because I was driving with low blood sugar. That affected my life. I've made a fool of myself at work more than once because I had low blood sugar and I didn't know what I was talking about. That happens to every diabetic and yes it affects every part of life. It affects your mood. It affects your energy. It affects your sleep and it's always there. Having other friends with diabetes has helped me a lot through that.
Dustin
I want to bring up more awareness for folks that have kids or just themselves and they haven't been diagnosed yet, what are some of the most prevalent or most common indicators that you should go to the doctor and get tested? You should go and see if you are may be diabetic.
John
It was around Thanksgiving when I was first diagnosed. The indicators for me were I was thirsty and I felt sick. I had to go to bathroom like every hour. I didn't want to tell my parents like, “I have to go to the bathroom again, we're driving for Thanksgiving.” As a little kid I just held it as long as I could and then I can't anymore so we’ve got to stop. Those are the main ones: Weight loss, thirsty and going to the bathroom a lot and not feeling well.
Dustin
I just wanted to bring that awareness to those three big things. If you’re feeling those things, you may just want to be mindful of that and take action on it. It's incredibly crazy being diagnosed at such a young age and having to deal with it in life, how do you feel it has shaped the path that you're on, John?
John
I went to diabetes camp at the age of twelve. That's a big part of my life too. I'm on the American Diabetes Association Leadership Board of North Dakota. It’s a big part of my life. When I was eleven, you’re wanting to fit in. You’re wanting to be one of the normal kids. I'm having to tell all the other kids I have diabetes if I'm acting funny and tell the teacher. No eleven-year-old wants that to be part of their life, part of their day. I'm the oddball in the group, the kid with diabetes. That motivated me that I can't be as normal as everybody else, which later on in life you find out no one is anyway. It's okay to be different and just go with it, which has affected different areas of my life. A big one is how I got into real estate is people will tell you to graduate from college, get a job and that's your life. Most people, that is their life. They love it and it works for them. I'm already different, what can I do differently? Don't be scared of being different. Most people are unique in some way. Don't try and fit in all the time.
Dustin
I want to get into house hacking and real estate but I want to talk a little bit about your path. You talked about being different. A lot of people may resonate with being in corporate America or having a job and it's not the thing that's fulfilling to them. You picked up a book called Rich Dad Poor Dad and that got you thinking, is that right?
John
Yes, I did graduate from high school. I went to college for business administration. I met a buddy in college that changed my life pretty much a lot. He thought differently already. He didn't want to graduate and get a job. He wanted to graduate and start a company. He started his own landscaping company while I was in college. He's now my business partner named Matt Nelson. He thought differently and I was already thinking a little differently. I don't want to get a main job out of college. He wanted to start a company. He gave me Rich Dad Poor Dad. He let me borrow it, I don't know if I ever gave it back. I read it and he said, “If you just read it, it doesn't matter. You've got to understand it and you’ve got to use what it says.” Everybody can read a book, it doesn't change your life at all. I read this book about the four quadrants. If you're self-employed, you just own a job.
My dad was a veterinarian and he own his own company, his own veterinary clinic. He very much owns a job. He does great work. His clients love him but it's him all day every twelve-hour days. Still to this day, he’s 60-some years old and he's a veterinarian in the town working non-stop. He does cattle. We had cattle growing up. I grew up helping him. I told him about this Rich Dad Poor Dad book and he was like, “I do own a job.”Owning a company isn't the goal, it's owning a company and making it so you don't have to work at it, as it’s said in Rich Dad Poor Dad. To me it’s a mindset, instead of asking or saying you can't afford it, it's how can you afford it? It keeps thinking beyond what you know or what you read. Keep thinking, “How could this work? How can I make this work?”
I didn't think real estate right away. I thought I'll start a company. I'll do some company, I’ll invest in stocks. Real estate became later on. The more my friend, Matt, and I talked, we got involved in real estate. He did the house hacking before. We didn't know what it was called house hacking when we started this. That came on later. I told someone what I was doing and they go, “You’re house hacking.” I said, “What does that mean?”He told me it's when you buy a house and have tenants pay your mortgage. I said, “That's what I'm doing but I didn't realize there was a name for it.” We lived together in college and after college, Matt and I. He bought a house duplex moved in to half of it and rented out the other side. I didn't follow suit. I just rented somewhere else and then I saw how it's changing his life or it seemed easy enough, “I could do that. If Matt can do it, I can do it.”I didn't do it right away. I waited to find a perfect house.
If there was a perfect multi-family house, it would be ideal. I found one, it wasn’t ideal. It took me a long time to find because I had high standards. I went to live in it. I bought a three-plex after about a year and a half of looking at multi-families. My poor realtor at the time, I was using a realtor, she's great. She brought me to all of these multi-families, ones you pull up you drive up to the house and the moment you drive up you're like, “I don't want to own this.”This poor realtor took me at all of these properties. We found quite a few good ones. I put an offer on two or three of them, I got one and it changed my life. Not only am I a homeowner for the first time, I'm a landlord for the first time. The only knowledge I have of it is whatever Google says and what my friend tells me to do.
Dustin
Let's talk about financing a little bit. To get a three-plex, it's not a traditional single-family residential home, what are the tricks of the trade? What do people need to know about getting qualified for financing if they're going to do house hacking?
John
At the time, I had a 40-hour a week W-2 job and that was great for getting financing. Any time you want to work with the bank they love it, when you have a steady income salary job. House hacking, I don’t know what to call it but I did an FHA loan, which is Federal Housing Administration. It's sometimes referred to First Time Homebuyer. With that, you like to put 3.5% down and normally for a single-family house is 3.5% down. On multi-family up to four units, it's 3.5% down. It doesn't go up. If you do have conventional loan and it's a multi-family the downpayment goes up. I believe if it's a duplex it's 15% down. There's a big difference there with 3.5% versus 15%. If you're looking at three or four-plex that's around $200,000,3.5% down is $7,000 whereas 15%is $30,000. It’s hard to get that. That's if you're going to live in it. That was me. I want to take advantage of this FHA loan. I've heard my buddy who did it and I've read online about doing it. I talked to my banker. I talked to my realtor about it. It was pretty seamless because I had income to support it. I believe they used some percentage of the tenant leases that were in place to help me out with that loan.
I couldn't tell you what the percentage was and that's probably changed. These rules are changing all the time. I got to three-plex with 3.5% down. It was $180,000, I negotiated to having the seller pay some closing costs to keep my out-of-pocket lower at the time of purchase. I'm out of college, I got my first real job and not making huge money. I know that if the roof collapses on this house it's insurance on me, that's it. I wanted to keep my money in my pocket and FHA loan help me do that and negotiating. That was closing costs. Also, it doesn't count as my money but I close on the fifth of the month and the previous landlord collected rent on the first of the month. They gave me all that rent for the last 25 days of the month. I didn't even know that was coming. At closing I couldn't believe I bought a house for that cheap. I had over half a month of rent from these two other units. It’s a three-plex and I end up raising the rent prices they seem low for the market. I lost some tenants that way. I got some other ones back. While living there, the rents from the two other properties paid the mortgage, which is insurance and taxes included. It’s enough for the utilities for the house that I had to pay. While living there, I just had to pay minimal utilities and if something broke, I had to pay for it.
Dustin
You were there essentially rent-free. Your two other tenants were essentially paying down the mortgage for you to live there.
John
I was definitely house hacking before I knew the word.
Dustin
You had some high standards and maybe it's not high standards. You go look at some duplexes and you're like, “I don’t want to live there.” What was your criteria? If you were coaching somebody or telling people to look for, to do the same thing that you did as a nice standard of living, what would you tell them?
John
I would say as a rental multi-family property, evaluate the numbers as if you're not going to live there. The idea with house hacking isn't that you live in this two-bedroom apartment, in the house you own for the rest of your life it's an investment. Pretend that you're renting your unit out as well and then what are the returns? Make sure that it lives up to your standards. Make sure the condition of the property is good. Also, evaluate what type of renters you're going to get in that area because that's a big part of being a landlord. Just because you like the apartment that you'll be living in, doesn't mean the other apartments look as good or will attract as good of renters.
My buddy, Matt, and I looked at a place and he said, “This one is going to work.” He goes, “Would you rent out this unit?” I said, “I'm going to live in the bigger one.” He said, “If you wouldn't rent this one-bedroom, what type of renter would? Do you want that to be your tenant?” In my three-plex, I would live in any of those units. It’s not a problem. I picked the one I did, that way I make the most money which was the one that needed work. I wasn't afraid of work. I would say run the numbers as if you're not going to live there and then run them as if you're going to live there. It doesn’t make financial sense if you rented a different apartment down across the street or anything and still lived in and didn't live in this one. Would it make sense? Would it pay your rent at the other place? If it did, awesome. You can pick where you live but the financing was why I live there.
Dustin
I'm curious about your landlording stories that you have so people know what they're getting into should they want to go down this route. What are some things that you learned when you became a landlord and you had to deal renters?
John
Every landlord got stories and most of them can top mine. I only had two rental units, but I have more now. The worst story is a married couple split up while I was renting to them and the one guy moved out. They couldn't pay the rent because they were arguing. You get into some drama that isn't even yours. That's part of being a landlord. Sometimes you're a life coach, you're telling people how to be adults sometimes; how to work a thermostat. The biggest kick to me was day one on the three-plex. I bought the three-plex. I had it inspected and everything was fine. I got a little bit of painting done to pass FHA and then I bought a house. I didn't move in yet. I still had two months left on my lease where I was living. I took my time, but I put a sign up by the mailboxes that said, “I'm the new landlord. Here is my contact information. I love to meet you pretty much.” I get a call the next day after I closed saying, “His heater doesn't work.” I was like, “That's on me now.” I can't call anybody out. I don’t have another landlord to call. I don't have my realtor to call. It’s me, I own this. I do the guy thing, I'm pretty handy, I can go fix this. I look at his heater. It's just a one-bedroom unit heater in the living room. It's not huge and I'm tinkering around probably for an hour or two.
No idea what I'm doing. I stop and I called up the heat repairman, he comes out. He has to buy a new part. He comes out the next day again, we have space heaters plugged in. Making it so the guy doesn't freeze because it's middle of winter, North Dakota. I get a bill for $700 from day one of owning my property. I was like, “What did I get into? I'm negative for this month already. I don't even live here yet I don't know anything.”What calmed me down and this is a big take away, I thought it was huge. His heater broke, heaters break all the time. Everybody has a heater that breaks. Everyone has something break in their house. I own this house and in two months of this guy paying rent, I've paid for that heater back and then made some. At the time he was renting for $400 a month. Two months of his $400 a month, pays for his broken heater. I have to pay the mortgage. I have to pay whatever but most people when their heater breaks, it's theirs. They pay for it, it's out of their own pocket. They don't have a tenant paying that. If a washer goes out, I can use some of that saved up rent from the previous tenants to pay for a new washer. Everyone's got a new washer or everyone's washer breaks eventually. Where do the funds come from? Usually out of your own pocket, your own paycheck. This is other money that I could use for that.
Dustin
You start with the property. My understanding is you had a life event take place and so now, you had to leave one and your mindset was to go find another one.
John
I bought the property. The funny story is I put an offer on the one I bought three-plex. I got it denied. During that time, I was dating this girl who knows what's going to happen there. Then I got denied on this rental, on this purchase. She knew the plan. She knew I was going to buy a multi-family. I don’t know if she quite understood it all but okay it makes sense. The offer got rejected. Two months later they come back and say, “Are you still going to make that offer?” The answer is yes but I just bought an engagement ring, which isn't cheap. Now, I’m buying a property, which isn't cheap. I did not plan for those two bills to be due the same month or two months apart. That was a big life event then, which she was onboard and she's still onboard, she’s my wife. We’re married, she said yes. We live there and a little over two years and during that time we were always looking for another one.
She knew the plan. She loved that we weren't paying rent every month as her friends and our friends were. She loved that we never pay a mortgage every month because like her friends and my friends are. I don't think they think she understood that looking at it from the outside but living in it was, “We have to fix up our kitchen. We have to fix up this.”A lot of people do but a lot of people have to pay a mortgage and fix up their kitchen or stuff like that. She put up with a lot our kitchen didn't get fixed nearly as fast as other people's. She like that. We're looking for another. We’re looking at every multi-family that's in the area for sale. If one came for sale, I show her the photos. I show her part of town, “Do we want it? Do we not?”
This poor girl looking at all these houses that are pretty rundown and neglected. She's pregnant now. It's not, “Can we live here? Can we raise a kid here?” We just kept looking. We talked about, “We're fine if we don't find one.” We have a two-bedroom apartment. One of the bedrooms is my office but we'll make it work. People have been through much worse and had a kid. We'll make it work if anything. Then we found this duplex. It's a three-bedroom, two baths on each side. I know nothing about the neighborhood for renters because it's not near the college. It's not near the big employers. I did some research like I always do. I find out what it rented for before, I find out what it could rent for now. I put an offer on the house and I put in the contract that I can market their property for rent. One side was vacant and the other side the guy was moving out of. He lost his renter that's why he was selling it.
I was showing this property that I don't even own yet. I've got a signed lease before I even owned it. The lease was contingent upon me owning it. Come whenever that day was and then they moved in November 1st. Their rent covered a large portion of the mortgage. I'm not living for free like I was but I'm in a three-bedroom, two baths. It wasn’t a two-bedroom, one bath small apartment. It's a duplex, it's a side by side. It’s like a twin home. I'm paying a fourth of what this would rent out for per month, not including utilities because we have to pay those no matter what. That was November 1st and I’m moving. We painted and stuff everywhere. We don't have the old one rented out yet. We're marketing that one. Once that's rented out, we'll be back to living for free. We should be making a couple of hundred bucks a month besides paying all our expenses, which is awesome if that happens the way I want it to.
Dustin
What is your plan moving forward? What do you think it is? Do you think you will continue to do this? Keep looking for duplexes or multi-plexes as part of your strategy or where do you hope to go with this?
John
My strategy is to look for duplexes. I like the multi-families. It's a great way to have more than one rental property with one purchase, more doors I will say. I'm not sure of my strategies to keep living in them. This one like I said, it's a three-bed, two-bath is hard to beat. With one kid, I imagine more kids on the way as the future comes. I don't think I'm going to find a bigger better place. I'd be very much open to it. If it's on a decent part of town if it fits my budget and all that but I'm not counting on it like I was before. The next one I'm probably going to have to do commercial loan, 20% or 30% down. Not living in it and have it make cashflow sense. It makes sense financially just as an investment. I'm very much hoping it's another multi-family because that's what I've done for a few years now. My business partner has five duplexes in the area. That's what he's doing. He doesn't live in any of them. He has a single-family house. I'm very much on the multi-family hunt.
Dustin
Did the financing change on the second property that you did?
John
That might be another hack. I bought the first one in my name, not joint with my wife because we weren't even married yet. She moved in later. I bought in January, she moved in after our wedding in July. It's been great. This one that we just bought, it's her financing. I wasn’t on the mortgage. I'm on the deed or the title but as a spouse. She's responsible for the mortgage and so they didn't use my other mortgage against our financing as a debt to income ratio stuff. She's a teacher. It had to be a property that she could afford on her own. The other side rent was counted for that too. We were thinking about the FHA doing that again, the 3.5% down. I talked with my banker. Getting a good banker is important because some bankers just tell you yes or no to your questions. Other ones will find great answers to your questions. They found a conventional program. All you have to do is take a class on how to be a landlord and the class of being a first-time homebuyer and then we only put 5% down on a conventional loan. All the same terms as a normal conventional loan 5% down in this property. My wife being it's in her name, she had to take the landlord class and the first-time homebuyer class even though I'm doing the landlording. This poor wife of mine, she did answer what happens if they don't pay rent on time and how do you rent a lease? I helped her but I felt so bad because she had to submit it, call for answers and stuff like that. She's good.
Dustin
I'm curious you’re doing house hacking, you're looking at deals. I notice you became a realtor. Why did you decide to get your realtor’s license?
John
Honestly, the plan was never to be a realtor. I thought that it would be a rough tough job. I worked at a marketing agency. It’s a great company. I still communicate with a lot of people there. I learned a lot while I worked there. Everyday I go to work, everyday I come home. I still work my mind, still trying to get things done for tomorrow. Meanwhile, I'm trying to be a landlord and I'm looking for another property to purchase. My business partner, Matt, and I bought a flip house. We have a flip house, I got the rental and the landlord we’re looking for more. We're looking for other flips. We're working with contractors and then I have this other job in a marketing company, data analysis. I didn't hate the job at all but it didn't fit with everything else I was doing. My whole day besides my job is real estate. Why do I have this job? I have a job in real estate and I have the dream of being a full-time real estate investor. I didn’t do that but I thought of that. The more people I meet, the more people I talk about them doing real estate.
They asked if I’m a realtor and I have to say, “No.”Then they go buy a house with another realtor and then plus the house that we flipped. We have to pay a realtor for that and looking for houses. Realtors have access to all the houses for sale. I can't see that. All the cards lined up and it made sense to be a realtor. Now, I'm a full-time realtor. I love it. I'm helping people find their houses. I'm educating people about multi-family house hacking and what I did. I can tell them from my own experience. Whereas the marketing agency, I didn't communicate a lot with the end client. I did my little part of a giant thing, which was great but I love being able to see it all come through and to talk to somebody who knows nothing about real estate. Coach them, teach them, tell them my story, tell them who to talk to, talk to bankers, interview bankers and having them move into their house whether that be a multi-family, whether that be single-family house because they have a growing family. I did not see that coming. My plan is not to be showing people houses or having open houses on weekends or working in the evenings. That was not my plan but I'm so glad it happened.
Dustin
I'm curious what is your advice for folks that want to do house hacking or just get into any form of real estate? What is your advice for them, maybe they're on the sidelines and they've been thinking about it? They’re taking courses but haven't pulled the trigger, what would be your advice?
John
You don't need to learn at all. I learned about being a landlord by being one and have good resources I will say. I'm part of a networking group about real estate. That's been educational. I have other buddies who I met through that group that we just get together on the side. We go out and talk about what's going on, reading online, reading blogs and listening to podcasts. My dad has a saying and it doesn't always help but it helps sometimes and it's, “Dumber people than you have done it.”To me that means like, if it doesn't work out, that means I'm dumber than all the dumb people I know. It also means you don't need to be the smartest person to do most things, dumber people than you have done it. Why am I so stressed? House hacking, dumber people than me have done it and have gone to do great things. Why am I stuck with all the, “Will this work or not?” My advice would be, “Dumber people than you have done it.”
Dustin
Whatever gets you going, whatever gets you into action and other people will be like, “That’s exactly what I needed to hear.”I don't judge because I've learned what motivates somebody, it doesn't motivate and vice versa. Sometimes it's the words that we say that we don't even think about, don't have any weights. It hits and lands with people. Thanks for that share. I'm curious, are you into any other investments that’s outside of real estate?
John
I do have a few stocks. They're not doing the greatest. When I quit my old job, I rolled over my 401(k) into a self-directed 401(k) or IRA. I figure which it is. I have that in an online stock company, online stock trader and I can pick my own stocks. Some are doing better than I expected, some are doing way worse than I expected. That's about it for other investments.
Dustin
I'm curious, when you look out over the investments you've made in life, what's the best one in your mind that sticks out to you? What's the best investment you have?
John
Definitely the house, the three-plex. I'm still paying it off. It's a 30-year mortgage but every month that I don't have to use my money to pay that mortgage, feels like I'm just waiting.
Dustin
What is the worst investment you've made? I'm talking about the one that you don't want to talk about. What’s that one look like?
John
I learned a lot from it. We did a house flip, we're still looking for another flip but our first one, we didn't know what we were doing at all. We didn't interview any contractors. We interviewed one. We liked his price, we took him. We didn't evaluate every little thing that would cost to flip the house and rehab the house. We made money but not like we thought we were going to and it took way longer than we thought. I was nervous not every day, but whenever I drove by the house or I had to go mow the lawn or go shovel snow, I was nervous on that one. I'd say that was the worst, it turned out good. I don’t want to say it was the worst investment. I learned a lot about myself and how upfront work will prevent later work.
Dustin
When you’re winning, life is good and you want to splurge on yourself. What is that splurge outside of a multi-family?
John
I'm a saver by nature like other people are buying stuff, I don't buy it. People will see movies opening night, I wait until it's on DVD or in the cheap seats. Splurging would be I bought a stroller. I probably would have bought any other time in my life. We had a little bit more money so my wife made fun of me. I was obsessed with looking at these different strollers. I bought a nicer stroller than I would have ever imagined. That's not my splurge. That's just the purchase I can't justify.
Dustin
I appreciate you sharing that. That's why I asked the question, you just never know what you're going to get. Thank you for that. Just day-to-day, how do you get better?
John
I spent time on me. I'm religious. I go to my church I work with my church's youth group and it makes me realize that there's more to life than just winning or making money or the house hacking thing. That shouldn't be your goal. Your goal should be family. Spending time with your family is my best to winning. Spending time with my youth group kids, it makes me realize what I'm doing not or why I'm doing what I'm doing? I do a lot of reading and I like to do more. I read books either on sales usually, investing or just other people who have done it. I should read more. It takes me forever to read a book. I get halfway through and I stop and then I forget about it. I keep reading, I listen to podcasts and I network. I would say networking is a big one. Also, listening to people's success stories, listening to their failures makes you less scared.
Someone you look up to might have a horrible fail story or story of one of their failures and that makes you feel like everyone's human. I'll read something and it's not like I read it, I think about what it says and I find either flaws in it. How it could be better or how that relates to other things? I like thinking and sometimes that pulls apart every advice. If someone gives me advice and it doesn't make sense, I’ll pull it apart. I just throw it away. It ruins things too but I like thinking more to what I'm reading. With our youth group, we're telling our kids about reading the Bible. You can read the Bible that's fine. If you read a passage every day until you can memorize it, you'll learn a lot more from that one passage than if you’ve read the whole chapter. Spend time to meditate and think about what you're reading. Don't just read it and check off a box.
Dustin
John, you are married and you’ve got a kid on the way, maybe more in the future, what do you want your legacy to be?
John
One time, a youth group pastor said it was like putting your life in perspective things. One of the things was three generations after you, they won’t remember you. I was thinking about that to myself like I know my grandma and grandpa, they passed away. I knew my grandparents. I can tell stories of them but I know nothing about my great grandparents. It's almost like, “What they did mattered. I wouldn't be here if they didn't do what they did.” Four generations from me, my great grandkids, most likely won't know me other than stories. That's if the people tell the stories. I would say I want something beyond, “John worked at this place and he had four kids. I was one of them,” or anything like that. With the investment properties, my goal is more than two.
My goal is enough to live off so my wife and I don't have to work. All of our expenses are paid through these rental properties. Also when I die, I don't want my kids to have to sell one to pay off all my bills. I'm a realtor. I'm working with a client right now. He is selling his dad's house. The bills outweigh what the house will sell for and he's fine with it. He knew that and everything's going fine for him. He doesn't need that money anyway. I wanted it to be where I die and the business runs itself, the cashflow helps my kids. They can use that money for their kids and etc. I just want to keep going. I don't want them to sell the houses. I want the cashflow to continue beyond me.
Dustin
John, thank you big time. I appreciate you. You’re incredibly inspirational because you're in the pursuit of this and you've already stumbled into something, which is the best way to come upon things. There are no preconceived notions, you were just doing your thing. I appreciate you coming on and sharing your story. Opening up about diabetes and inspiring others that should they feel some of the symptoms or some of the things, markers that you would experience that they go check it out. I appreciate you sharing your wisdom about how you better yourself. For folks that are interested to know more about you or up in your neck of the woods, how can they keep tabs with you?
John
I'm on Facebook. It’s John Hagen and my company is eXpRealty. My email is John.Hagen@eXpRealty.com.I don't have Twitter. I don't have Instagram.
Dustin
Go to the website if you want to get a hold of John. Thanks big time for sharing your story and inspiring others. Thanks for being on the show.

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