🔥 On this Real Estate Hustlers Podcast episode, Travis Watts is a full-time investor, passive income advocate, public speaker, and the Director of Investor Education at Ashcroft Capital. He dedicates his time to educating investors who are looking to be "hands-off" when it comes to real estate investing. Travis was awarded the Linda's Legacy Industry Impact Award in 2022.Â
What actionable value will you provide to our listeners?
Outline practical steps and approaches for your listeners to apply.
The true definition of lifestyle investing
How do you get to the point of living on passive income?
How to know how much is enough?Â
The 8% Rule definition
The true definition of 4 steps to financial independence?Â
Key Takeaways
"There's a big difference between rich and wealthy, and a lot of people in our culture are after rich. And rich has to do with income. And you make a million dollars a year, you're a business owner, you're a celebrity, you're an athlete, okay? It's all about money coming in. So it's income. But wealth is about assets and passive income. So I would rather have next to nothing in terms of net worth but be wealthy, because I had more passive income every month than I had living expenses coming in." Travis
"There was one just I think it was last week, a very prominent multifamily investor came out with it was an interview, and, man, the walls were caving in. Are getting ready to and those are the extreme. It's what you just said, where the commonalities? Where's the balance at? Yeah, we get it. As a public speaker, what are key messages that you aim to convey to your audience, and how do you tailor those presentations to different types of investors? " Josh
"And what I'm trying to do is read all ten of these and find the commonalities? Where do all these groups agree? All right, because everyone's going to have an opinion, and you're going to read a lot of different statistics and metrics. But if all sources are saying basically the same thing, like projected rent growth is going to be 3% annualized in the multifamily space, then that's a metric I really pay attention to, because basically everybody is predicting that."
Travis
"This is protecting your principal 100%, your original money that's invested and just living off the passive income streams and then using the potential equity upside to offset taxes, inflation, and miscellaneous times that maybe you're out of the market or not investing. So I've created the 8% rule for myself that's never advice for other people. That's just what I've done since 2015. And we spoke about new deals in 2023 having lower yield.. But you have to remember, too, I have older deals that I did years ago that are now cash flowing at 1213 14, 15% annualized. But maybe a new deal I do today is 6%. So I'm trying to average conservatively about an 8% yield per year. And that's what I've used as kind of my metric. Again, I don't have the largest IQ out there. I just found a simple strategy from a macro level that works for me and something to think about and think in terms of passive income versus just equity, just flipping a house or trading stocks or what have you. "Travis
Connect with Travis Watts:
LinkedIn: https://www.linkedin.com/in/traviswatts1234/
Facebook: https://www.facebook.com/passiveinvestortips
Instagram: https://www.instagram.com/passiveinvestortips/
Connect with Josh Appelman
Facebook: https://www.facebook.com/josh.appelman.108/
Facebook group: https://www.facebook.com/groups/realestatehustler
Linked in: https://www.linkedin.com/in/josh-e-appelman-97767973/
Website: https://www.appelmanproperties.com/
