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All Forum Posts by: Travis Watts

Travis Watts has started 11 posts and replied 237 times.

Post: Ashcroft Capital - Multi Family Syndicator - Texas

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

@Shane O'Donnell I have invested in 8 Ashcroft Capital deals over the past several years, my wife and father have invested with Ashcroft as well. Joe and the Ashcroft team are amazing individuals and the deals are well underwritten. On a side note, I have also invested with 12 other syndication groups, some have been really great, others not so much. It is important to get to know the team you intend to invest with and ensure that the business model and investing philosophy aligns with your own. Best of luck! 

Post: Recommended books on multifamily investing

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

@Zack Aboona The best ever apartment syndication book by Joe Fairless. Audible/Hard Copy

Post: Real estate syndicate

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

@John Pickowicz I invest in multifamily apartment syndications. 14+ and counting. I've learned a lot over the years and have seen the good, the bad and the ugly, but mostly good ;)

Post: Cash on cash return of 4% is ok?

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

@Derrick U. Good question. That is a very personal question, that would likely be dependent on your circumstances and your risk tolerance. I have been investing in real estate for 10 years straight and my yields have come down substantially starting around 2015. I invest in multifamily apartment syndications, but I can say that at a certain point, I would throw in the towel if the annualized cash flow dipped into the 4-5% range. At that point, I'd be taking on too much risk for too little reward. As an alternative, for example, I could invest in an insured muni bond (tax-free) with a 4% annualized yield and take on virtually no risk since it is insured. I am still experiencing 7-9% annualized cash flow yield in today's market with multifamily. Best of luck! 

@Ralph Ramos Good question. I have had both and I prefer multi-family assets. It really depends on how active or passive you would like to be. My short-term rental experience had higher ROI, but it became a job for me. I chose to take a lower ROI and have freedom over my time. Best of luck!

@Account Closed I'm not saying don't invest in a C or D area, but I had experience in (1) multi-family deal I did in a C- area and it was a rough process. Lots of drug issues, graffiti, security issues and car break-ins which lead a lot of the residents to break leases. I only invest in Class B assets these days (personal preference obviously) but yes, the #'s typically are better in C and D because it's often more work and more risk. Best of luck!

Post: Where to begin with 20k?

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

@Brent Miller I started with 20k in 2009. Bought a 95k condo, fixed it up and sold it for 129k. Then bought a 97k condo and did the same thing and sold it for even more a gain, then bought a 185k home and sold for 250k and on and on it went until I had enough net worth to start passive investing in multifamily apartment syndications for cash flow. Best of luck! 

Post: Multi Family & Electric Vehicles

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

@PJ Kolnik I have seen many A-Class multi-family properties in Denver, CO that charge a monthly premium for an electric parking spot at the building. Between $225-$350 here in Denver. 

Post: What type of properties beat a recession? Commercial!

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

@Hugh Little A good topic indeed. I came to the same conclusion. I invest 80% of my portfolio in value-add multifamily syndications. In a good uptrending economy I recieve cash flow + equity and in a recession, I recieve cash flow. Since I am cash flow focused, this strategy works for me. Best of luck! 

Post: Winterizing Retirment in a Recession

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

@Account Closed Very well thought out post Tylor. I came to the same conclusion you did many years ago. Most of my investment portfolio is in value-add multi-family properties. I am a cash flow investor at heart. IF the equity is there one day, great! If not, that's fine. I enjoy monthly passive income, that has made all the difference in my life. Best of luck! PS My Dad invested with me on a couple of multifamily deals as well.