# "Our Building Exploded" — The Truth About Passive Income

Page: https://stenobird.com/podcast/the-owner-meeting-6885839/our-building-exploded-the-truth-about-passive-income
Text version: https://stenobird.com/podcast/the-owner-meeting-6885839/our-building-exploded-the-truth-about-passive-income.md
Podcast: [The Owner Meeting](https://stenobird.com/podcast/the-owner-meeting-6885839)
Published: 2025-10-19T21:31:45+00:00
Episode link: https://multifamilystrategypodcast.podbean.com/e/we-rushed-to-a-3am-explosion-%e2%80%94-the-truth-about-passive-income/
Audio file: https://mcdn.podbean.com/mf/web/hah7c35meapgjrh5/riverside_multifamily_fire_oct_19_2025_001_christian_osgood_s_8lw07-ggf47g-Optimized.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-owner-meeting-6885839/episodes/our-building-exploded-the-truth-about-passive-income
Duration seconds: 638

## Resource

We respond to a 3AM call about a supposed building explosion that turned out to be a garage outlet fire, assess $15K–$20K in damage, and explain why multifamily investing is far from "passive" during the build phase.The episode covers buying a 76-unit property, using LIHTC and Section 8 as competitive advantages, lessons on hiring and firing, and advice for young entrepreneurs to take risks, learn fast, and build an A-team.

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## Transcript

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