Ep #8: Oil Fields to Living Off Passive Real Estate Income with Travis Watts The Untold Stories of Real Estate Investing

Interested in investing in multifamily, single-family, or vacation rentals, but not sure where and how to get started? Consult with someone who has behind-the-scenes experience in the asset class of your choice. 
In this episode, Wayne talks to Travis Watts, a full-time passive investor and director of investor relations with Ashcroft Capital. Travis educates others by sharing passive investment strategies to achieve and maintain wealth in real estate.
Topics on Today’s Episode:

Real Estate Investing Background: Dumb luck, prep, and guidance at garage sales
Great Recession and Career Focused: Real estate on sale, so find off-market deals
Gaining Momentum: Get a roommate and check to pay mortgage
Active vs. Passive: Hands-on or hands-off real estate investing
Lessons Learned: No spare time to read 52 books a year and find sponsors/operators
Analysis Paralysis: Too much focus on ROI rather than value-add experience
Target Markets and Trends: Right deal, right market, and right sponsor to lower risks
Risk Tolerance: Opportunistic, core, and value-add asset classes
Mistakes Made: Diversify portfolio by experimenting, doing what you know/understand
Under Promise and Over Deliver: Invest in or take discounts by banking on cash flow 
Publicly Traded vs. Private Placement: Always have paperwork reviewed by attorney
Education and Network: Align interests and philosophies with like-minded people
Four Steps to Financial Freedom by Being Frugal: 

Make as much money as possible by doing your best
Live on as little of that income as possible for a period of time
Take margin from earnings and invest it all
Avoid bad debt or pay off loans sooner than later


 Links and Resources:
Consultation with Travis: https://calendly.com/traviswatts/consultation?month=2020-08Connect with Travis: Understanding Real Estate Private PlacementsAshcroft CapitalTravis Watts on LinkedIn