Passive Investing to Create Time Freedom with Travis Watts
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 POINTSMaking the transition from being an active investor to becoming 100% passiveHouse hacking your first investment propertyFIRE Movement and how real estate can be a great vehicle to achieve Financial Independence (FI)How to vet sponsors and teams as a limited partnerThe pros and cons of single-family & multifamilyHow to create "Time Freedom" How to determine your investment criteriaThe importance of networking as a real estate investorSelf-education: why it’s essentialThe benefits of diversification in syndicationLIGHTNING 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/passiveinvestorWhat book would you recommend to the listeners and why? Choose FI by Chris Mamula, Brad Barrett, & Jonothan MendonsaTax-Free Wealth by Tom WheelwrightIf 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 Ashcroft Capital