All Forum Posts by: Travis Watts

@Anthony Porembski That's definitely one approach and similar to the one I chose. The funny thing about investing in syndications is that you don't really need much (if any) real estate background or experience, you just need capital to invest. I found over the years that many of the people I am investing with in the syndications are doctors, attorneys, engineers, business owners etc. Very few that actually started in real estate, just folks with some capital to put to work, so they can stay busy doing what they do. Stay true to what you love and enjoy. All the best! 

@Lazaro Dinh I have invested in a self-storage syndication, but have not purchased one directly. I prefer 100% passive investing, but love the asset class! Best of luck. DM anytime 

@Idan Shkedy Two thoughts come to mind. #1 have you read or listened to "The Best Ever Apartment Syndication Book" by Joe Fairless. That is a cheap and easy way to learn A LOT in a short amount of time. #2 Have you considered investing in a multifamily syndication in order to learn the process and ask questions? 

@Michael Acheampong Good question. I used to own several condos, townhomes etc as rentals in addition to living in a few. I can honestly say, nearly ever HOA was an issue for me, whether it was sending me a fine for a weed in the yard, or giving me a hard time for renting out the unit, or a special assessment, or a lawsuit with a builder, or an increase in dues. The list goes on and on my friend, but my advice is to stay away from the HOA. Best of luck

@Johnny Awwad I would recommend Joe Fairless, but of course, I am biased because I have invested with Joe and his team for many years in their deals and ready his Best Ever Apartment Syndication book. I'm sure they are both good. Best of luck! 

@Chris Mcdonald At a certain point, likely near where you are today, I made a decision to start investing in apartment syndications. Two main reasons, #1 scalability (I would never need to qualify for a mortgage again or deal with banks) #2 No active management, after owning several single-family rentals, I was burned out on management and turnover, even though I had property managers on them. Not saying this should be your path, but food for thought. Hope this helps. DM anytime

@Joshua R. One of the teams I invest heavily with has targeted many of the Dallas submarkets over the past 24 months including, Plano, Richardson, Haltom City and Fort Worth. Best of luck! 

@Account Closed Most of your questions have been answered by other BP members. The only thing I would add or recommend is using a full-service law firm that is in the business of doing what you're doing. I use Corporate Direct to form my LLCs and I consult with their owner Garret Sutton who is a real estate investor himself and the advisor to Robert Kiyosaki (Rich Dad Poor Dad Author). They are not any more expensive than a typical law firm and they helped me decide on WY, DE, NV based on what I was doing specifically in my investing, full-service means they can also help answer any questions you have along the way, file state documents on your behalf, file annual minutes and ensure you're always in good standing for legal protection. Best of luck! P.S. I am not affiliated or paid to promote those guys, they have just helped me a lot along the way. 

@Lennon Lee Absolutely! I have been 100% passive for the past several years via real estate syndications. 14+ and counting...Instead of managing tenants and property managers, I now spend time vetting out syndicators, always looking for track record, references, monthly reporting, the ability to see financials upon request and the ability to tour the property. Best of luck. DM anytime

@Conor Moran are you open to investing in markets outside your immediate area if it were a syndication based model, where it didn't require any of your active time or management?