026 Travis Watts: From 100 hour weeks and 20 doors to full time passive investor
Travis Watts is a full-time passive investor. He has been investing in real estate since 2009 in multi-family, single-family and vacation rentals. Travis is also the Director of Investor Relations at Ashcroft Capital. Travis has invested in over 25 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.
Travis shares that he entered real estate after reading the book “Rich Dad’s prophecy”. He bought his first home in 2009 in Colorado, an owner-occupied home using the credits of $8000 from the government which is giving out for first-time home buyers, all his funds and savings. He did house-hacking strategies had it all fully furnished and rented and that's kind of where that that the real concept of passive income and cash flow started.
Enjoy the show!
In this episode:
[00:30] About Travis Watts
[04:30] Managing Real Estate as an employee working 100 hours a week
[7:20] What year was this that you kind of started hearing about syndications?
[10:30] What kind of returns do you look for in the syndication model or criteria you look for?
[13:50] Networking and connecting
[15:00] What is the returns people should look for?
[19:06] Ashcroft Capital deals
[19:55] Do you pay taxes on monthly distributions?
[23:53] Explaining Ashcroft Capital returns
[31:00] 1030 method
[33:00] Future plans for Travis
[34:48] Resources on how to learn about real estate investing and syndications

Quotes:
· “My mortgage was just about paid by somebody else paying rent.”
· “I love real estate, I love cash flow, but I don’t want to be hands-on, I don't want to manage asset managers, I just want it to be simple and be involved, that's where I learned about syndications”
· “I strictly was looking at it from a cash flow standpoint.”
· “Start networking, there is plenty of online resources”
· “Classic higher risk, high reward.”
· “Works as best as you can as you have depreciation when you invest in real estate.”
· “I just enjoy sharing experience.”
Resources mentioned:
· Ashcroft Capital
· Bigger Pockets
· Rich Dad's Prophecy
· Rich Dad Poor Dad
· Joe Fairless
Links:
Free Passive Investor Guide
www.ashcroftcapital.com/passiveinvestor

How to reach Travis
travis@ashcroftcapital.com


HIT SUBSCRIBE BUTTON NOW!

ITunes -https://podcasts.apple.com/us/podcast/real-estate-investing-365/id1475371846?fbclid=IwAR0mRuLmi3QcpEfjCNxb3tNMK6foQOfppvUvd_iulofX1roKFzRB2G1JDMQ

Spotify - https://open.spotify.com/show/7IYzjVQN9lqFoIhfl2XPcn?fbclid=IwAR1FqcEqNkfD_QKrH2c2L2RjfxH82Rkbvfz-N3IowR3Dw0-nMRXYj5mBKJ4

Google - https://play.google.com/music/listen?t=Real_Estate_Investing_365&pcampaignid=MKT-na-all-co-pr-mu-pod-16&u=0&view=/ps/Iherb4wsxoz5mgcplgblfgcvxfu

Stitcher - https://www.stitcher.com/podcast/justin-hannah/real-estate-investing-365?refid=stpr&fbclid=IwAR3KRkYRChO3UY7Hh_heBbbkkcHmVsS48pvpKPb11M-UOtLjgsDQM9MwiE4