#59 with Travis Watts: Leaving Your W-2 & Scaling to 30 Syndications

Millennial Millionaire Real Estate Podcast

English - August 26, 2020 18:05 - 57 minutes - 106 MB - ★★★★★ - 56 ratings
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Previous Episode: #58 with Zach Hoereth: Scaling to 35 units in 4 Years by Age 23

Next Episode: #60 with Justin Silverio: The Best Direct Mail Campaigns to Reach Off-Market Sellers/Owners Most Effectively

In this episode, Jonathan Farber interviews Travis Watts on his road from turning his stock market cashout into his first home to having partnered in over 30 syndications to date. Travis is a single-family, multifamily, and vacation rental passive investor spreading the benefits of the real estate world. In this episode, we break down topics like making use of the current market, finding the right syndication, starting off right as a syndicator, and more!

Top Takeaways:

How to make the best use of this unique time - 10:30 - 14:20

Keep in mind that you need capital to start investing passively

Getting some active experience under your belt is motivating and illustrative

Build equity when you have the chance

Play to your strengths and do what you’re best at

How to find the right syndication - 20:00 - 22:50

If you cover all your bases you can invest in syndication and keep your peace of mind

Make sure the syndicator has a good record and has goals that align with yours

Vet the market to make sure that this area at this time is good to invest in

Investigate the deal and run your own numbers to make sure everything adds up

How to hit the ground running as a syndicator - 27:30 - 30:30