JF2641: Don't Make These 4 Mistakes as a New Passive Investor | Actively Passive Investing Show with Travis Watts

<p><em><span style="font-weight: 400;">“What mistakes did you make in your career that I should be on the lookout for as a new passive investor?” </span></em></p> <p><span style="font-weight: 400;">Travis Watts answers this listener question by sharing four mistakes he made starting out as a passive investor that you can learn from:</span></p> <ol> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Location, location, location: You cannot overcome a bad area with good management.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Understand that management is key.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Make sure you understand the underwriting.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Don’t do a deal just for tax reasons or because you see a lucrative fee split structure.</span></li> </ol> <p><span style="font-weight: 400;">Want a more in-depth look at how to vet a team, a market, or a deal? Then check out our three part mini-series starting with episode</span> <a href= "https://joefairless.com/podcast/jf2396-passive-investing-strategies-actively-passive-investing-show-with-theo-hicks-travis-watts/"> <span style="font-weight: 400;">JF2396: Passive Investing Strategies | Actively Passive Investing Show With Theo Hicks & Travis Watts.</span></a></p> <p><strong>Click here to know more about our sponsors:</strong> <a href= "https://nam10.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.themichaelblank.com%2Fjoe&data=04%7C01%7CLadi%40joefairless.com%7Ca8c2c4cb7c0241ffee5c08d9872f7f56%7Ceb07e501da1c41a4a3828b364bdf2bdc%7C0%7C0%7C637689460325519694%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=A0%2F2zBsu4elgVyDVpnx4Sn9o03TDP00qwRZaZ6HcWXI%3D&reserved=0"> <span style="font-weight: 400;">Deal Maker Mentoring</span></a> <span style="font-weight: 400;">|</span> <a href= "https://www.passiveinvestin