Passive Investing to Create Time Freedom with Travis Watts
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Travis Watts is a full-time passive investor. He has been investing in real estate since 2009 in multifamily, single-family and vacation rentals. Travis is also the Director of Investor Relations at Ashcroft Capital. Travis has invested in over 27 passive syndications between 14 different firms. Travis now dedicates his time to educating others in the world of investing and has made it his mission to share passive investment strategies in order to help others achieve and maintain wealth in real estate.
KEY POINTS
- Making the transition from being an active investor to becoming 100% passive
- House hacking your first investment property
- FIRE Movement and how real estate can be a great vehicle to achieve Financial Independence (FI)
- How to vet sponsors and teams as a limited partner
- The pros and cons of single-family & multifamily
- How to create "Time Freedom"
- How to determine your investment criteria
- The importance of networking as a real estate investor
- Self-education: why it\\u2019s essential
- The benefits of diversification in syndication
LIGHTNING QUESTIONS
- What was your biggest hurdle getting started in real estate investing, and how did you overcome it?
- Having fear of buying the first property.
- Do you have a personal habit that contributes to your success?
- Self-education (reading, listening to an audiobook, & podcast)
- Do you have an online resource that you find valuable?
- Ashcroftcapital.com/passiveinvestor
- What book would you recommend to the listeners and why?
- Choose FI by Chris Mamula, Brad Barrett, & Jonothan Mendonsa
- Tax-Free Wealth by Tom Wheelwright
- If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be?
- Buy your first property, start reading, start educating, join real estate meetup groups, listen to podcasts, and expand your mind & clearly define your goals.
RESOURCES