Today’s guest is going to talk about ‘Time’. Specifically, ‘Time Freedom’ and how you can achieve it through Real Estate Investing. He’s also going to discuss how you can transition from being an active investor to 100% passive.
Travis Watts is a full-time passive investor who has been investing in real estate since 2009. He’s invested in multi-family, single-family and vacation rentals. He’s also the Director of Investor Relations at Ashcroft Capital which was co-founded by Joe Fairless.
Travis has invested in over 27 passive syndications and has made it his mission to share passive investment strategies in order to help others achieve and maintain wealth in real estate.
Today Travis is going to describe his transition to Passive Investing, what he looks for in the sponsors and operators he invests with, Best Practices for Investor Communications, and specific examples of the deals he’s invested in.
I know you’re going to enjoy this conversation with Travis. You can contact him in the following ways:
Download Free Passive Investor Resource Guide @ https://ashcroftcapital.com/passiveinvestor-old/
Email: travis@ashcroftcapital.com
Travis is also available on facebook, linkedin & biggerpockets
As real estate values increase, so too does the idea of selling your investment property and taking your profits off the table. One of the major considerations in doing so however, are the tax consequences. Many investors choose not to sell because they simply don’t want to pay taxes on their long-term gains.
There is a way, however, to take those gains and not pay taxes on them by transitioning those profits into a different investment property. I’m talking about the 1031 exchange, and it’s a tool that you can use to delay paying those taxes.
Dave Foster is a 1031 Exchange Expert, and he’s here today to help us understand how it works. Dave is the Founder & CEO of the 1031 Exchange Investor, and he’s also a degreed accountant and serial real estate investor, as well as a qualified intermediary and consultant. Today he’s going to share his tax saving strategies in order to help you maximize your real estate investment returns.
We’ll be discussing the timeline you must follow when doing a 1031 exchange, why you must have a qualified intermediary, the types of properties and investments you can do this with, and whether or not you can 1031 into a syndication. Dave also shares some great examples and unique 1031 strategies that I guarantee will make you say 'Wow'!
If you’ve ever considered selling an investment property and sheltering your profits through a 1031 exchange, you’ll definitely want to hear what Dave has to say. You can contact Dave through his website www.the1031investor.com
The 1031 Exchange order form that gets listeners a $50 discount is www.the1031investor.com/podcast
Dave can be reached at 850-889-1031 and at dave@the1031investor.com.
To many people the real estate market may seem unpredictable, and the very real fear of losing money has been a huge psychological hurdle to overcome. Many investors don’t want to be at the mercy of the economy and the banks.
My guest today has found a way to circumvent that fear and risk by investing in real estate on His Terms. Chris Prefontaine is rewriting the rules of real estate and coaching investors on how to scale and automate their business without using their cash or credit. His family business has done over $80 Million in real estate transactions.
Chris is also the Best-Selling author of 2017’s “Real Estate On Your Terms” and this year’s “The New Rules Of Real Estate Investing”. Chris and his family are acquiring 5 to 10 properties every month and control between $20 to $30 Million --- all done on Terms without using their own cash, credit, or signing for loans.
Today we’re going to discuss what it means to invest in Real Estate on Your Terms, the two strategies Chris recommends that new investors prioritize, how he survived the Great Recession, and the Core Values he believes are necessary when starting a business.
You can contact Chris through his website: http://smartrealestatecoach.com
To Download the Book “Real Estate On Your Terms”: www.freeSRECbook.com and www.newrulesforfree.com
One of the highlights of the RPOA's 2020 Annual Conference was the Expert Panel on Short Term Vacation Rentals, and today you get to listen to this Pre-Covid-19 Conversation. We assembled an incredible group of experts and investors to help us understand the best practices for owning & operating short term vacation rentals, the biggest challenges facing the industry, and why its so important for the industry to professionalize and improve its perception in the community.
Ed Bodman has over 7 years of experience owning & operating short term rentals. Ed has become an expert in hospitality, hosting, maintenance, marketing, cleaning, staging, furnishing, buying right, and working with city government to promote his community.
Kim Post has a House and 10 cabins in Cadillac Michigan that will all be converted to short-term vacation rentals by fall. Currently the House and 6 cabins are online.
Kim’s been a real estate investor for over 30 years and is the owner of Post & Associates Appraisals and Next Door Properties, LLC
You can hear Kim on Episode #28 of the podcast.
Gary Hall is in his 4th season running an 11 unit as an airbnb motel.
Gary is an entrepreneur, passive income strategist, and the operations manager of Westshore Property Management in Muskegon managing both short and long term rentals.
Gary was also a guest on the podcast – episode #89 and the Halloween episode
If you're interested in investing in Short Term Vacation Rentals I know you're going to learn a lot from these experts. You can still join as a charter member in the Short Term Vacation Rental Association for $49 a year by following this link:
Become a Charter Member of the Short Term Rental Association