Assertion certainty 4/5 debate potential 1/5

Hatter lost his early fortune in 2008 due to 100% leverage

Cole Hatter · EP 408: $100M Funds, $30k/mo Real Estate Cashflow, Conference Sales with Cole Hatter of Thrive · Sep 5, 2016 · at 9:56

Entrepreneur and investor Cole Hatter describes his early financial trajectory and the collapse of his leveraged real estate portfolio during the 2008 financial crisis.

0:00 / 0:11exact quote · 11.6s
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“I was making hundreds of thousands a year as a young, you know, 20, 21, 22 year old, sometimes six figures in a month. And I lost it all because I was a hundred percent leverage in real estate. And like I said earlier, banked on appreciation.”

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Assertion Not checkable as stated
Hatter has flipped over 300 properties in seven years
“Hundreds. You know, to be honest, it's north of three to 400 plus.”
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Assertion Not checkable as stated
Hatter's real estate portfolio generates over $30,000 per month in cash flow
“Over 30,000.”
Cole Hatter Sep 5, 2016 ▶ 5:49 EP 408: $100M Funds, $30k/mo Real Estate Cashflow, Conference Sales with Cole Hatter of Thrive
Assertion Not checkable as stated
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“North of ten million.”
Cole Hatter Sep 5, 2016 ▶ 5:53 EP 408: $100M Funds, $30k/mo Real Estate Cashflow, Conference Sales with Cole Hatter of Thrive
Assertion Not publicly verifiable
Gary Vaynerchuk's fund requires a minimum $2 million LP check
“I'm actually in conversations with Gary Vaynerchuk. Don't know if you know who he is in his fund. His minimum is two million dollars. You can't put in a dollar less.”
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Disclosure
Hatter writes angel checks ranging from $50,000 to $2,000,000
“Typically the minimum is 50,000. So never less than that up to, you know, it could be two million dollars.”
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