Insider Secrets 55 with Travis Watts

<p><strong>Standout Quotes:</strong></p> <p><span style="font-weight: 400;">"Something to keep in mind, almost like a con of doing this is that they're ill liquid, your money is going to be tied up for several years" - [Travis]</span></p> <p><span style="font-weight: 400;">"As a limited partner what I'm trying to do is figure out "how likely is it that you're actually going to execute this business plan, and that you can do that successfully?" - [Travis]</span></p> <p><span style="font-weight: 400;">"Double down on what's working" - [Travis]</span></p> <p><strong>Key Takeaways:</strong></p> <p><span style="font-weight: 400;">- Travis describes himself with one word 'Education'.</span></p> <p><span style="font-weight: 400;">- Finishing from high school, Travis was confused about what path to take, and he had initially followed his interest in music but upon experiencing the reality of that path, he knew it wasn't for him. Moving to another well-paying job he hated, started to give him a picture of the 9-5 rat race.</span></p> <p><span style="font-weight: 400;">- Going back to the education table, his interest in multi-family investing was piqued, and this spurred him on to do more research and enter fully.</span></p> <p><span style="font-weight: 400;">- Travis shares that he wished he had started getting educated on Real Estate much earlier rather than assuming he could just do it. </span></p> <p><span style="font-weight: 400;">- His defining moment was getting to meet and interact with passive investors who were successful</span></p> <p><span style="font-weight: 400;">- The structure of a Real Estate Syndication: The General Partners are the people who locate the properties and opportunities for investment. They raise money for the property from other people who want to take part in the deal, these are the Limited Partners.</span></p> <p><span style="font-weight: 400;">- Regarding fundraising by GPs, this depends on the regulations they work under. The two types are 506B which allows raising of capital from frien