Focus on the Sponsor as Much as the Deal, with Travis Watts
Travis Watts of Ashcroft Capital is a passive and active investor with a focus on Value-add Class B Apartments. Travis preaches “investing in what you know;” and digging into the track record of sponsors as much as the investment numbers. He and Lance talk about spotting the risks in fluffed up IRRs and over-complex sales pitches, and how he evaluates each investment as a business.