• John Casmon

Passive Apartment Investing Tips with Travis Watts, Episode 138


Travis Watts has been investing since 2009, with experience in multifamily, single-family and vacation rentals. Before becoming the Director of Investor Relations at Ashcroft Capital, Travis was an investor with Joe Fairless and Ashcroft Capital for several years and has invested in more than 30% of their multifamily syndication opportunities. 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.

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Key Insights

  • Grew up in Fort Collins, CO

  • Started with SFR and 5 years later liquidated everything to be passive

  • Wanted to be passive but had actually just created another job

  • Invested passively with a group, but was skeptical

  • Mistake: Focused too much on the pro forma, not enough on the team

  • Key questions to ask sponsors: What is the plan in a recession? What happens if something happens to you (the lead partner/GP)?

  • Invests passively but joined Ashcroft Capital as apart of Investor Relations after investing in 9 of their deals

  • Liked Dallas/Ft. Worth and Florida markets

  • Prefers monthly updates and monthly distributions

  • In Denver, invested in single-family rentals and vacation rentals

  • Loves employer diversification in DFW and population growth

  • Likes Tampa, Orlando and Jacksonville in Florida

Bull’s Eye Tips:

Apparent Failure, Future Success:

Rented to tenants who were problematic and left an emotional toll; realized he preferred to be passive

Most Recommended Book:

Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks

Most Recommended Digital/Mobile Resource:

TinyScan

Daily Habit:

Waking up at 7am

Wish I Knew Starting Out:

The option of passive investing

Wish I Knew Last Year:

The power of networking events

Current Curiosity:

Due diligence

Best Place to Grab a Bite:

Snooze - Denver, Colorado

Town Tavern - Celebration, FL

Connect with Travis:

Email: Travis@AshcroftCapital.com

Landing Page: joefairless.com/passiveinvestors

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