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All Forum Posts by: Travis Watts

Travis Watts has started 11 posts and replied 237 times.

Post: Ken McElroy Doesn't Do Apartments At This Point!

Travis WattsPosted
  • Investor
  • Florida
  • Posts 247
  • Votes 245

@Andrew Hogan Well said. I spend 10x the amount of time vetting the team vs vetting the deal. @Jason Merchey I'd be happy to discuss the project MC Companies just funded. New deal, value-add, AZ. Reach out anytime 

Post: LP Investors after Refi

Travis WattsPosted
  • Investor
  • Florida
  • Posts 247
  • Votes 245

@Lamont Marable This strategy is sometimes referred to as the "Infinite Return" model. It's a beautiful thing for investors when you invest 100k, then recieve that 100k back via refinancing (tax-free) then you continue holding a % ownership in the asset with $0 in the deal (An "infinite return" because an ROI cannot be calculated without having money in the deal). This is the primary strategy that Robert Kiyosaki uses and has promoted for years. Love it!

@Todd Dexheimer Agreed with Todd on IRR 14-18%; some apartment syndication deals I've recently invested in still have between 7-9% cash on cash in year #1, projected to increase in years 2,3,4,5 etc. Best of luck!

Post: Multifamily real estate books

Travis WattsPosted
  • Investor
  • Florida
  • Posts 247
  • Votes 245

@Timothy Martin I recommend "The Best Ever Apartment Syndication Book" by Joe Fairless. Great insight for both investors and folks looking to do their own multifamily syndication. P.S. I have invested in 8 deals with Joe's firm Ashcroft Capital and I work with their Investor Relations department (in full transparency). I can confirm that they do exactly what they teach in the book. Best of luck! 

@Michael Wang Good question. It appears this has been answered; however, I too am an LP investor in numerous syndications. I'm happy to share my K1 examples with you to help visually explain. 

Post: How worth is Multi family investing in Texas?

Travis WattsPosted
  • Investor
  • Florida
  • Posts 247
  • Votes 245

@Anthony Ampaipitakwong I am currently invested in 9 multifamily deals in the suburbs of Dallas. Happy to share experience anytime. 

Post: Oklahoma Investments Opportunities

Travis WattsPosted
  • Investor
  • Florida
  • Posts 247
  • Votes 245

@John Turner Hi John, I am originally from Tulsa, OK and have some insight on larger multi-family syndication investments. I'm not sure what type of multi-family you are targeting, but happy to share experience anytime. 

@Freddie Williams Great question. It really does depend on your goals and investing philosophy. Personally, I would extract the equity out and invest in another deal for added diversification and to spread out risk. I typically invest in apartment syndications, but everyone's strategy is different. The point is, I don't like to have a large sum of equity sitting stagnant. Quick story...I remember years ago I decided to pay off my primary home mortgage so I could be debt-free. After a couple of months, I realized I could put all that home equity to work at 10% a year into several deals and spread out my risk and increase my cash flow vs saving 4% a year on mortgage interest. Nowadays, I typically invest with 50k increments in new deals. Best of luck! 

Post: Has anyone invested with Joe Fairless?

Travis WattsPosted
  • Investor
  • Florida
  • Posts 247
  • Votes 245

@Luis Vaca Good question Luis. I was in fact accredited when I started investing in syndications. I knew that I would need a good amount of capital to start investing in syndications in order to get a solid stream of cash flow. In other words, $150 a month in cash flow was not going to keep me motivated. For many years, I worked a high-paying job while flipping single-family homes and taking on various value-add single-family projects. I also saved the majority of my salary and 100% of my real estate profits during these years. Joe Fairless' book "The Best Ever Apartment Syndication Book" is a great read for anyone interested in investing in syndications or starting their own syndication. It's on Audible and available in Hard Copy. Hope this helps! 

Post: Multifamily vs Single Family

Travis WattsPosted
  • Investor
  • Florida
  • Posts 247
  • Votes 245

Good question O'Neil. I suppose that depends if you are an accredited investor or not. There are some opportunities out there for non-accredited investors who offer very low minimums like 5k, 10k etc. Most 506(c) offerings (accredited only) have minimums of 25k-100k. "Cash flow" really doesn't get exciting until you have enough capital backing it. For example, $10,000 invested @ 10% a year is only $83.33 a month; however, $100,000 invested @ 10% a year is $833.33 a month. In my scenario, I did fix and flips and single-family value-adds while working a full-time job to accrue enough capital to start investing in passive syndications. I would not have started passively without having some capital to work with. Hope that helps!