Achieving Time Freedom Through Passive Multifamily Investing with Travis Watts
- Author
- Kent Ritter
- Published
- Wed 30 Sep 2020
- Episode Link
- None
There’s always a deal to be made. And in uncertain times, conservative underwriting can help you land a deal that will make you money, even in the worst-case scenario. Today, we speak with Ashcroft Capital Director of Investor Relations, Travis Watts about the value of conservative underwriting and what he did to become a full-time passive investor. We open our conversation by exploring Travis’s journey into real estate. After talking about how your free time builds up in direct proportion to the increase to your income stream, we touch on the challenges of scaling your investments. We then dive into how Travis overcame these obstacles through self-educating and discovering multifamily syndication — an ideal investment path for his portfolio. On the topic of his portfolio, Travis opens up about the returns he’s had during the pandemic and why he’s making deals in different states. A significant theme this episode, Travis provides his perspective on why he makes deals during times of economic uncertainty. Following this, Travis unpacks what he looks for in deals while highlighting the value of conservative underwriting. Another insight, Travis emphasizes the importance of finding the right sponsorship team. As he explains, you don’t bet on a deal. You bet on the people making the deal. Near the end of the episode, we chat about why education has been Travis’s key to success. Tune in to hear more of Travis’s top investing tips, with specifics on how he became a full-time passive investor.
Key Points From This Episode:
- Travis shares details about his background and how he got into real estate.
- How Travis went from full-time active investing to passive investing.
- Building up your free time alongside your income stream increases.
- The challenges of scaling your investing and how property problems always arise.
- Self-education as Travis’s chief tool for getting into passive investing.
- Hear why Travis mainly invests in class B and C multifamily assets.
- The importance of delegation and relying on experts to do what they do best.
- Travis unpacks what his returns currently look like and why he’s making deals across the US.
- Why there’s “always a deal to be had,” despite the state of the economy.
- What Travis looks for in deals and how this is informed by his investing philosophy.
- The value of conservative underwriting and the metrics and levers that Travis uses.
Links Mentioned in Today’s Episode:
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