Show Notes

Travis' Contact:

[email protected]

https://www.facebook.com/travisjwatts

www.linkedin.com/in/traviswatts1234

https://www.biggerpockets.com/users/TravisWatts

Instagram @passiveincometravelers

[00:00:38] Schedule a call with me at www.CallwithVee.com

[00:01:04] Check out my interview with Erik Smith from Fitness and Finance Podcast at www.FitnessNFinance.com

[00:02:12] Tickets for BEC20 available here: http://bit.ly/31D16Ho - Use code "GOALS20" to save 20% at checkout

[00:03:59] Travis started his investing journey with the book Rich Dad Poor Dad - https://amzn.to/31M360c

[00:07:04] Travis shared info on his first passive transaction. He put too much emphasis on a Pro-forma. 

Pro forma is a financial statement produce based on certain assumptions and projections.

[00:07:31] You are not investing so much in the deal but the team.

[00:08:28] Travis talks about his investing process. He starts with vetting the sponsor/ operator. Then looks at the market and the deal itself.

[00:09:36] Travis dives into how to vet a sponsor.

[00:12:19] What questions should you ask the operator? You can also download a guide of all the questions to ask at www.ashcroftcapital.com/passiveinvestor.

[00:14:33] Travis shares the red flags to look for when vetting someone

[00:18:28] How Travis work on his deal flow

[00:21:48] How to find what conference to attend to find good operators.

[00:28:14] Travis shares a day in his life

[00:34:46] Travis shares his last thoughts on what investors should pay attention to before going in a deal.

Full transcript available at www.RealEstateLab.live

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