773: Replacing His Income with $70K/Year Cash Flow After a Close Call with Death w/Pasha Maleknia

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 1 June 2023

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financial freedom isn’t important until your life flashes before your eyes. When everything could end, thoughts of your partner, children, and family come to mind, and most notably, what you left behind for them. Pasha Maleknia was thrown into a warzone and came within minutes of meeting his end. As he sat, not knowing whether or not he would ever see his wife again, he made a promise to build financial freedom for his family so that if anything happened to him, they would be protected. Pasha kept his promise and is here to share exactly how he got it done. Through chaos, Pasha was given a second chance at building the life he dreamed of, starting a real estate investment portfolio that has grown to a double-digit unit count with close to six figures in expected cash flow. None of what he did was easy, but using his background in coding, systems, and optimizing everything for efficiency, Pasha is building a hands-off real estate empire that will set his whole family financially free. If you’ve struggled to progress with rental properties, do NOT miss out on Pasha’s story. He explains exactly how his “why” forced him to reach financial freedom in only a few years and what he’s doing now to ensure his wealth never stops growing. Don’t wait for it to be too late. Put your life in your hands, and take Pasha’s words to heart. In This Episode We Cover: The near-death experience that forced Pasha to find financial freedom for his family Building your “income-producing box” that will take care of your family for decades DIY rehabs and why you DON’T need to know everything before you start investing Pasha’s killer first rental property and the “surprise” basement that came with it Using the BRRRR method to quickly multiply your portfolio without much cash needed How to automate your ENTIRE rental property portfolio so you do nothing And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear Dave on the “On the Market” Podcast Subscribe to the “On The Market” YouTube Channel David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Henry's BiggerPockets Profile Henry's Instagram Hear the Latest Episode on Analyzing Real Estate Deals Understand The BRRRR Method in Real Estate – A Beginner’s Guide Books Mentioned in the Show: BRRRR by David Greene The Book on Advanced Tax Strategies by Amanda Han & Matt MacFarland The Book on Estimating Rehab Costs by J Scott Long-Distance Real Estate Investing by David Greene Raising Private Capital by Matt Faircloth Rich Dad Poor Dad by Robert Kiyosaki Connect with Pasha: Pasha's BiggerPockets Pasha's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-773 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the bigger Pockets Piedcast show, 773.
0:03.8	For a long time, I just used the...
0:06.3	I was trying to steal other people's why, to be honest.
0:09.1	I was just trying to copy other people's why, which was,
0:11.7	I want to get to financial freedom, so I don't work anymore.
0:14.6	If you see something is going on and you're not motivated for whatever reason,
0:18.7	but more importantly, looking to know BSY that is definitely, definitely linked to your core values in life.
0:27.6	It's going on everyone. This is David Green, your host of the bigger Pockets Piedcast.
0:31.8	Here today, with my co-host, H. Wash, Henry, what's going on today?
0:35.7	What's going on, buddy? Glad to be here with you.
0:37.7	Yeah, and I'm curious how many people have called you H. Wash over your life?
0:41.0	I said that like it's unique. I'm pretty sure I'm not the first person to say that.
0:44.4	Several people have called me H. Wash, but most people call me J. Wash because I actually used to go
0:48.3	by JR as my name. And so, J. Wash was my moniker for quite a while.
0:54.5	So you became so famous and well known, you didn't have to have a cool first name anymore.
0:58.0	Henry would do.
0:58.7	Fair enough. Total flex. Like, I'm so famous I can have a very boring name like Henry or David.
1:06.4	And we could get away with it. I don't have to change it. But yeah, from J. Wash to H. Wash,
1:10.7	the Henry Washington story, make sure you follow him online at the Henry Washington.
1:15.9	The Henry Washington. You want to see more? We also have a fantastic guest today. This was a true
1:21.3	pleasure to interview our guest with Henry. Pasha Maleknya. He has what I call the full package.
1:28.4	This guy has an incredible story that might even make you cry. He has the heart of a lion.
	...

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