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Ken McElroy Show

Overcoming adversity with Tom Hatten

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8692 Ratings

🗓️ 11 September 2019

⏱️ 18 minutes

🧾️ Download transcript

Summary

Ken talks with Tom Hatten founder of Mountainside Fitness about his new book called Dream On. Tom discusses overcoming the personal challenges of his life.Ken and Tom also give insight into the unique structure that he uses to finance his business real estate. It something that every real estate investor will be interested in.Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

as it was tumbling down was dealing with the fact that the only way to stop it and a lot of my

0:05.1

deals was to have to file bankruptcy. So I did and I ended up filing some Chapter 11s, including

0:11.9

my own. I think I was telling you earlier. I had $100 million in personal guarantees at that

0:16.5

point. So I had to file my own personal bankruptcy in 2012. And it was one of those things.

0:22.2

It was like, wow, I've been doing this for 20 years, almost 21 years.

0:25.6

And on paper, I'm broke.

0:27.9

Welcome to the Real Estate Strategies podcast.

0:30.8

I'm Ken McRoy, and I'm here to give you creative ideas on how you can get started

0:35.2

or continue your journey in real estate.

0:37.6

Each week, we will bring you inspiring and informative conversations with successful people

0:42.8

and their path to obtaining or investing in real estate.

0:46.7

Enjoy the episode.

0:51.3

Hey, everybody.

0:52.2

I'm here with my good buddy, Tom Hatton, who has a huge company here

0:56.0

based in Arizona. It's Mountainside Fitness, and he's got 18 locations, 1,400 employees,

1:02.7

started from nothing. And welcome, Tom. Thanks, Ken. So I want to chat about your new book,

1:08.7

right? This just came out, what? November. November.

1:11.7

And, you know, you and I met several times as you were writing this.

1:15.6

And I, first of all, congratulations for being vulnerable.

1:22.8

I mean, yeah, because you started a really, really rough place, right?

1:26.6

Yeah, that's the book was kind of generated from a really bad time and moment in my life.

1:32.4

And that's when I started writing.

...

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