Travis Watts, an experienced full-time passive investor and the Director of Investor Development at Ashcroft Capital, discusses his path from single-family investments to syndications. With over 50 deals since 2015, he shares his expertise and key insights from his new book ‘Passive Investor Tips’.
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Transcription
Introduction to Dollar Cost Averaging
Travis Watts: I’m a dollar cost average person, and I fully recognize that a bull market usually is eight to twelve years to get to the top, and then it’s two to three years going down. The majority of the time, the market’s actually in your favor. And if there’s ever a great time to jump in, it’s during times like this where valuations are down.
You have to remember that when prices come down, risk comes down. When prices go up, risk goes up.
Ben Fraser: Dollar cost averaging is a great principle and rule that works all the time. If you just got into the market a couple of years ago and you have a couple of deals that are underperforming or not doing well, you can’t let that scare you.
Travis Watts: Early on, I saw some deals that I thought were going to be exceptional. They were going to outperform all the others. They seem like no brainer killer deals. So I went really heavy and they turned out to be some of the worst deals I’ve ever done.
Welcome to the Podcast
Ben Fraser: Hello, Future Billionaires! Welcome back to another episode of the Invest Like a Billionaire podcast. I really found an episode for you today.
Meet Travis Watts
Ben Fraser: So I brought on Travis Watts. I’ve known him for a long time, a really great resource in the kind of passive investor community and syndication and real estate world. He is a former host of The Best Ever Real Estate podcast, which you’ve probably seen or heard of when he ran a whole segment for passive investors and just released a book called passive investor tips. He’s been an investor for over 10 years as a passive investor and has invested over 50 different syndications. So he shares all his knowledge and learnings from things that didn’t go well, and just some really helpful perspective and knowledge for passive investors, especially newer passive investors that have started investing in these types of investments more recently. Really great to hear from Travis and hear about where he sees opportunity right now in 2024. If you don’t want to miss this episode, be sure to give it a listen.
If you are enjoying the podcast, I would appreciate your support. By leaving a review rating it on the platform of your choice, share with a friend, et cetera. Appreciate you all enjoying it.
This is the Invest Like a Billionaire podcast, where we uncover the alternative investments and strategies that billionaires use to grow wealth. The tools and tactics you’ll learn from this podcast will make you a better investor. Help you build legacy wealth. Join us as we dive into the world of alternative investments, uncover strategies of the ultra wealthy, discuss economics and interview successful investors.
Welcome back to another show. The Invest Like a Billionaire podcast. Got a really excited guest. Really glad we could get Travis Watts on today. I have known Travis for a long time and I consider him one of the OGs in the private syndication space. He’s been a full time limited partner investor since 2015, I believe it is.
And he’s also the current director of investor development over at Ashcroft Capital which we have a lot of high regard for and wanted to bring him on because he actually recently wrote a book called passive investor tips. And what’s been so interesting is I’ve had a lot of conversations with investors recently of people that have been newer to the syndication space.
They’ve only been investing for the past few years. And we’ve been really at the top of the cycle the past few years. We hit a downturn here and things are challenging in a lot of ways. But I wanted to bring Travis on to really give us some broader perspective and he’s been investing. I think you said 50 deals you’ve invested in separately.
So huge range of expertise. I’m going to shut up. Travis, welcome to the show, man.
Travis Watts: Good to see you again, Ben. Thanks for having me.
Ben Fraser: Yeah.
Travis Watts’ Investment Journey
Ben Fraser: Give us a little bit of background for those that aren’t familiar with you or Ashcroft or how you even got into the space. 2015 as probably You know, early innings in a lot of ways of the kind of syndication world of what we know of it now.
Travis Watts: Yeah, totally. Yeah, just to clarify that point. So 2015 was when I actually made a pivot in my real estate investing strategy to become a full time passive income investor. In other words, a limited partner who’s investing in other people’s deals. So the six and a half years prior to that, and starting in 2009, was when I did single family homes, fix and flips, vacation rentals, having roommates, all kinds of different stuff with small residences.
That’s how it came to be. It got started like most people in real estate. It was two mentors that I ran into out in Colorado that had sold their businesses and became full time limited partners, which I had no idea what a limited partner was, what a general partner was, what private equity was, what syndications were, right?
This was all new to me in 2014, 15. And they really inspired me to take a different approach to really scale up my portfolio to be able to scale passive income, tax advantages, equity upside. Wealth building potential without sacrificing more of my time, which back then I used to work in the oil and gas industry, believe it or not.
And 14 hour days, 98 hour work weeks working in Saudi Arabia were crazy times. And it was really hard to hone down on a single family portfolio and be effective. I was outsourcing more and more. My profits started to shrink. I began to realize the market was helping me more than anything. It wasn’t I wasn’t as special as I thought.
That’s been the journey. One of the groups I’ve been investing with or started investing with pretty early on was Ashcroft Capital with Joe Fairless. So in 2019 Ashcroft was really taken off. They had some great momentum going still today, it was Joe Fairless out there trying to be marketing and GP and capital raiser and a podcaster.
And I’m like, look, man. I respect you guys, love your deals, love what you’re doing, but you have to get some help, you need more people on your team. So I saw it as a win. I could leverage their network and their video editors and their outreach and I could help other people and get this message out.
At the same time, I could fill some of those voids for Joe, take a lot off his plate with podcasts, webinars, marketing, et cetera. 2019 jumped on board with them. Been there ever since done three or four different roles with the company. And my passion at the end of the day is just simply helping other people understand syndications, private placement, commercial real estate, and more specifically multifamily apartment investing.
Ben Fraser: Love it. Yeah, thanks for the background there.
The Evolution of a Passive Investor
Ben Fraser: So talk a little bit about your investing journey, right? So you started out in 2015, not knowing what a syndication or a GP LP structure was and started investing there. So talk about the evolution of you as an investor. And yeah, maybe things, lessons you’ve learned along the way that things you may do differently now.
Travis Watts: Sure. The first thing that really piqued my interest was that. I could have, my, my initial goal way back when 2009, 10, 11 was like, keep scaling up single family homes. And then one day I’m in my sixties and I have a hundred single family homes and I’m retired and I’m this passive landlord or something.
I don’t know. It was a little bit of a naive dream. 20 homes in and I’m like, man, I’m feeling the burnout. I don’t see this being a scalable model. So when I got into the syndication space, it was exactly what I was looking for. It was a way to be literally a hands off investor, have true professionals, find the deals, negotiate the deals, raise the capital, get all the paperwork done, the legalities covered, the K 1 tax forms, all those kinds of stuff.
I could have, say 100 LP investments rather than 100 single family homes. So for a lot of people, they’re not necessarily like me where they’re going to be a full time limited partner and that’s all they’re going to do. They’re usually a blend and a hybrid of maybe you got a couple single family homes, maybe you’ve done a few flips, maybe you got some vacation rentals, but you’re going to use syndications to help scale up your portfolio and your passive income.
So much has changed to answer your question, by the way. I started by not knowing what I, I didn’t know what I didn’t know. And I could admit that even back then. And so I hyper diversified. I started putting these like small minimum investments among all these different operators out in the space to see how this was going to work out.
And then over time, I could get a better feel for the communication, the transparency. Are they really going to under promise and over deliver? And so In recent years, I’ve really honed it into maybe my top five operators, so to speak, and I’m doubling down with those groups these days. And so it’s a bit of a front loaded business.
You gotta start with the education, you gotta start with the networking, you gotta find these people, you gotta, take some action, get some money rolling out there, and then it just gets easier and easier, like anything, the more you do it, repetition is key, and so on.
Ben Fraser: Yeah, that seems to be a common pattern I’ve seen.
A lot of people I’ve talked with and, to get comfortable investing in these syndications, the natural thing and the smart thing is to diversify. So you take smaller bets with a broader set of sample sizes and you reduce your risk. But down the road, you can create unintended consequences of a tax nightmare if you’re trying to get for K ones and yeah, some are way better than others at getting those out on time.
And all the challenges that go with just monitoring how it’s going. And as you improve your education, understand what the things are that one, your goals are as an investor or two. What makes a good operator? You don’t have to rely on diversification as a proxy for making good investment decisions or due diligence, right?
Because you’ve learned that. What are the things that you’ve learned for someone that is just getting nearer to the space or more specifically I’ve seen a lot of people that got into the syndication world in 2021, 2022, because they’re seeing all these deals being sold at, 30 percent IRRs, 50 percent IRRs, and they’re like, man, it’s just, you just, fog the mirror and you’re making so much money, in multi family syndications.
And fast forward to today, the middle of 2024. Yeah. Things are not so rosy. We have a lot of challenges in multifamily, but of course, real estate in general. Yeah. And a lot of it was from the buying frenzy the past few years with bad or poorly structured debt. So for those people where they have a limited perspective and they got it at the wrong time, let’s just be honest, right?
And some of those deals just might not work out. There might either be capital calls or capital losses. That can be painful, but how do you have a broader perspective and what are the things that can be learned from this experience that you’ve come to see full circle here?
Travis Watts: Yeah, for me anyway, it had everything to do with data and research and of course, the mentors I discussed earlier who had been doing this about 20 years, so that one of the first things I asked him when I was first learning about this stuff was tell me about 2008, 9 and 10, did you lose everything?
What happened? It really helped to gain real perspective from real people that really were doing this stuff. In addition, there’s reports that exist out there of the Harvard studies and all these different case studies about events like that. Now we’ve gone through 2020. Now we’ve gone through this interest rate cycle.
I was as much of a buyer in 21 as I am this year in 24. I’m not a person that pretends to know how to time markets. Everybody that seems to try to predict that is, is usually wrong, including myself. So I’m a dollar cost average person. And I fully recognize that. Again, looking at data and history, a bull market usually is, eight to 12 years to get to the top, and then it’s two to three years going down.
So the point is the majority of the time, the market’s actually in your favor. And if there’s ever a great time to jump in, it’s during times like this, where valuations are down. You have to remember that when prices come down, risk comes down. When prices go up, risk goes up. And I’ll be the first to admit it at 21.
I was skeptical. You had the stock market hitting all time highs, you had real estate hitting all time highs, you had crypto hitting all time highs, and in a hurry. And again, if you go back to data and history and you look at times like 2006 and 7, very similar stuff. Maybe not in regard to crypto, but you had the stock market and real estate.
Rippin and roarin right, this crazy euphoric state, and then boom, 2008. Doesn’t mean it’s gonna happen every time exactly like that, but Again, dollar cost average. I’m gonna be buying the peaks, I’m gonna be buying the dips, I’m gonna be buying in the middle. I’m lookin for that average long term return.
And so while it may not be plausible over the last couple years to, let’s say, double your money in three years, like we were seeing in years prior there is a good potential right now to get a hefty discount, and as we look at forward looking data, valuations are set to increase again, interest rates are looking to come down, cap rates are looking to compress, so there’s some really great things on the horizon, in addition to you.
Supply and demand dynamics, meanwhile everyone talks about the scary headlines and all this massive supply that’s hitting the market. And it is, and that’s real and no one’s denying that, but guess what? Builders are also pulling out of the market and have been over the last two years, materials went up, wages went up.
It’s just not a great time. Generally speaking. For developers, at least the last two years. So new starts and permits are 40, 50 percent down from where they were at the peak. So you have to think about where this puts you if you’re investing today and you’re going to pick up a commercial asset at a 25 percent discount relative to 2021 pricing and interest rates are projected to come down and cap rates are projected to come down and there’s this huge demand out there.
The national multifamily housing council has come out to say this year, We need to build 4. 3 million more apartment units between now and 2035 to satisfy demand. And let’s not also forget that we have the largest gap in the world. And our history between a new mortgage payment and apartment rents, nearly a thousand dollars per month, depending on the data you look at in some cases, even more, and we have to remember as homeowners for those who are paying, the minimum you’re going to pay as a homeowner.
Let’s not discount HOAs and special assessments, property tax, higher insurance costs, rehabbing maintenance. There’s a lot of other fees that go along with homeownership. So it just makes a great case. For both why to invest in rentals right now, but why it might be, applicable to be a renter, which I’ve chosen to do too, throughout my career, I was a homeowner, then I was a renter, I was a homeowner, then I was a renter and I was a homeowner.
It’s just, there’s different cycles and phases and markets. So you have to evaluate what makes the most sense at each given time and the given market that you happen to live in.
Ben Fraser: Yeah, I think that’s so smart. And, dollar cost averaging is a great principle and rule that works all the time.
And so if you can layer in at different points of the cycle capital over time, it’s going to smooth out those dips and going to help. And yeah, if you just got into the market a couple of years ago and you have a couple of deals that are underperforming or not doing well you can’t let that scare you.
You can’t let that be, Oh man, this was all a hoax. This is throwing the baby out with the bath water. It’s an opportunity, right? Because a lot of market values have reset, 15, 20, 25%. And we’re seeing deals right now that they’re. Basically being purchased at the current bank’s payoff balance, which is a 25%, 30 percent discount.
All of a sudden numbers look really good when you buy right. And even in a market like this, I believe there is still a lot of upside over the next few years.
Current Market Opportunities
Ben Fraser: So where are you seeing opportunity? It has an investor who’s now been through a pretty substantial cycle here.
What’s your perspective on it? Are you investing more in 2024 than you were last year? What Is your approach ? It’s the same approach every year and I can’t tell him the market, so I’m just going to let the market do what it does and I’ll just be disciplined in how I invest in it.
Travis Watts: Yeah, it’s a great question. It’s relatively consistent because now I’ve learned a couple of lessons along the way.
Lessons Learned and Practical Advice
Travis Watts: The first is that early on. I saw some deals that I thought were going to be exceptional. They were going to outperform all the others. They seem like no brainer killer deals. So I went really heavy and they turned out to be some of the worst deals I’ve ever done.
And so I learned a lesson from that. And again, this came from a mentor of mine with a net worth of probably 80 to maybe a hundred million dollars. And he’s Travis, I never put more than a hundred thousand dollars into any deal, period. And I’m like, sounds like an account, an accounting nightmare to me.
But, he had a lot of logic with that. And those deals I’m referring to, by the way, they actually weren’t real estate deals. They were private equity deals that were supposed to cashflow 20 percent a year. And turns out one was a Ponzi scheme and the other stopped distribution. There were some of my worst performing deals.
So where I had put maybe, 175, 200 K into stuff like that. And then 25 or 50 into a real estate deal. It really skewed the balance of my portfolio. So I try to stay consistent with it. I’ll give you your listeners a practical example of what we’re actually seeing right now in this market.
We’re closing a deal in Orlando. That’s a class of property built in 2021 at a 97 million purchase price and a five and a half cap. That deal would have traded in 21 at about a 3 cap and maybe 130 to 140 million dollars. So these are the kind of discounts that are existing. And it’s a way to scale up the quality in your portfolio, whether you’re a GP or an LP compared to 21, where if we went out to some brokers said, look, we got 97 million to put to work we would have bought like a 1985 property that was a value add, class B stuff.
So it’s just, that’s the kind of opportunity that’s going to be very. We’re already seeing institutions jump in. You’re already seeing Blackstone put billions of dollars to work. And you’re seeing JPMorgan Chase with a joint venture. And you’re seeing Jeff Bezos back a real estate company, buying up residential, across the U. S.
You’re starting to see billions and billions come in because of these discounts. Everybody knows the fundamentals are there. The demand is there. The necessity of apartments is there. It’s just a capital market shift because of interest rates, which have brought cap rates up, which have brought valuations down.
So I don’t know how long this window of opportunity is going to be. It’s gotten really tough to raise capital because of what you mentioned earlier. Capital calls we’ve seen some foreclosures in the industry, pause distributions, reduce distributions. A lot of this stuff had to do with floating rate debt.
It had to do with, Hey, we’re going to buy all time, high pricing, all time, low debt, and we’re going to put three year debt on it. And now that three year debt is coming due from 21. And it’s okay, we’ve got to exchange a loan. 80 million at 3 percent to seven and a half percent, 80 million loan. It just eats up profits in addition to higher insurance and property tax and everything else.
That’s why we’re seeing some of that stuff. I’m not someone who’s immune to it. I’ve been part of capital calls this year and last year, I’ve been part of these pause distributions. But to your point earlier, it’s like someone who says I’m going all in on the stock market. In January of 2020, I’m putting everything in and then boom, two months later, you’re 30 percent down.
And you’re like, screw the stock market. I’m never investing again. You need a little broader lens, right? Because things do recover and they’re starting to recover in commercials right now.
Ben Fraser: Yeah. And I think to some of the data points you mentioned there, there’s so much long term fundamental support for housing and for multifamily specifically especially in certain markets where there’s population growth.
And job growth and you know that the challenges right now are usually related to that point of maturing debt, right? Because right now when everything is probably all the forces are working against you with higher interest rates, with higher insurance costs, with slower absorption because of higher supply.
Now would be the worst possible time to sell. You have to sell, but if your lender is not willing to work with you or you’re behind on your payments or whatever. So we are seeing some of those discounts, but what I think is interesting, I think you alluded to this and probably an agreement is that, to whatever degree we do see a recession, quote unquote in commercial real estate, I don’t think it’s going to be very deep, but I don’t think it’s going to be very long because of the amount of capital that is sitting on the sidelines, it is already jumping in, which it still feels like, Hey, it’s still a downward trajectory, but we may be, bottoming out here soon.
Man. For example, I just saw an article on the front page of the journal. KKR just jumped in a huge way. They bought a multi billion dollar multifamily portfolio. And their thesis is, Hey, we’ve got a long term capital. We’re patient. We don’t have any. Short term thesis on as we just know over time, it’s going to go up and we’ve done some of the analysis on just housing in general, more specifically single family, but housing in general, it’s the most highly correlated asset class that we could find to inflation that there is right.
And. If we’re continuing to be in a higher inflation environment for the next few years that’s going to flow through to owners of assets, especially those of housing assets and it’s difficult right now to feel it’s a go write a check when it feels like other deals, maybe not performing up to expectations, but I really believe those that are writing checks this year will be massively rewarded relative to what, the deals that were done a few years ago because of the discounts and because of the discounts.
Yeah. When it is harder to form Calvin, when it’s harder to raise money and to buy deals, that’s usually the best time to buy, right? When there’s blood on the streets and there’s fear of the market that’s usually the right time to buy. So it sounds like you’re thinking the same thing.
Would you agree? Would you disagree with any of those points?
Travis Watts: A hundred percent agree. And here’s another perspective for your listeners.
The Importance of Data and Research
Travis Watts: Think about it this way. I’m a big advocate for looking at where’s the opportunity right now, right? That changes and evolves. So you got it. A stock market that’s hitting nearly all time highs, not quite.
You’ve got crypto almost all time highs again. And then you have single family homes hitting all time highs. And then you have commercial real estate 25 percent off. To me, it’s a little bit of a no-brainer. So I’ve been writing this report now for two years. Called the market insights report on behalf of Ashcroft capital completely free for anybody to download Ashcroft capital dot com click on news.
And what I do is this is not like my opinion. Okay, what this is I go through as many data sources of reputable national data sources that I can gather from costar to CBRE to Marcus and Millichap to urban land institute to the US census to the U Haul statistics. You name it. And I put it all together in about 15 pages, and it’s mostly just visuals and graphs with a little bit of commentary to explain what it is and why it’s important.
And it just gives you a logical perspective of where we’re at right now, to your point. Did we already bottom? Are we at the bottom? Are we nearing a bottom? You can read between the lines and figure that out. And while I don’t pretend to have perfect timing, and that’s not what this report is intended to do, It does give you a lot of clarity instead of clicking on some of the clickbait headlines that says, commercial real estate’s a disaster and it’s going to be terrible and then When you really get to the bottom of it a it’s not that bad to your point and b They’re usually talking about maybe office space or some other sector or a specific niche or a specific market like san francisco Or whatever it may be so this gives you a national perspective on what’s really happening
Ben Fraser: A hundred percent. It’s so important. I say this all the time to get beyond the headlines, right? The, yes. Yeah. They’re incentivized to get you to click on the article. So they’re going to say things that are hyperbolic, that are extreme and usually negative because that’s what gets the most clicks and it doesn’t always relate to the data that the data is many times the opposite of what they’re saying if you’re looking at the right data source.
And okay. I love that you’re doing that and definitely encourage people to go get on that email list too, to get that data and just get on the sources of these, actual real reports that are coming out real time that are showing what’s actually happening. Because in some ways, like you can’t time the market, but it’s, there are better times than others to buy, right?
We all know that. In real estate, you make money on the buy, that’s what everyone knows. And I think, yeah, maybe there’s still a little bit further to go, maybe inflation, has a second wind and goes back up again. And it just rates higher for even a little bit longer to be one.
But at a certain point it changes at a certain point. The tides turn and the capital has been waiting for a long time, comes back to the market and creates a hot market again. Yeah, I love those insights, Travis.
Travis Watts’ Book and Final Thoughts
Ben Fraser: And, I’d love to zoom out a little bit here. We wrap up the interview.
You I think you said for three years did a really cool segment on the best ever podcast, which is, one of the biggest podcasts in our space here. And I’ve recently wrapped that up, but you wrote a book called passive investor tips summing up a lot of the experience and thoughts and the interviews that you had on that segment, give us a couple of nuggets to leave with for those that are LPs.
Aside from the ones you already gave, which is awesome. And just that broader perspective where some of the things that you want to leave people with that you wrote about in the book and we’ll link to it at the show notes as well to get people to get their hands on it.
Travis Watts: Yeah, a fun story to share.
Upon joining Joe Fairless at Ashcroft, Joe Fairless is also the founder of best ever commercial real estate and the best ever podcast, the best ever conference, and book and all these different things. So one of my things was, I was like, Joe and I did it completely for free.
I was like, I want to be a host on your show. So we morph this, I’m not taking credit for this business design, but it was like, Joe was doing everything. It’s the longest daily running real estate podcast in the world. He’s doing all the interviews. I’m like, man, you got to zoom out and put your attention in other places.
So he starts pulling in hosts. So think of it like a platform that’s like the tonight show. So he starts bringing in various hosts that are going to come and go. I was grateful to be one of them and I have my own segment every single week. And the first segment was called the actively passive investing show.
And it was me and a co host. And then I went solo with it and I did passive investor tips. So all in all is about a five year run. And passive investor tips were solely based on feedback from our listeners on that specific segment and what they liked and didn’t like about the previous series. So I’m like, okay, some of the feedback was, we love it when you do short and right to the point episodes, no fluff, just tell us what it is, why it’s important and how we implement it.
So I did a whole hundred episode series on it. And when I concluded I retired from Best Ever earlier this year, I concluded with the book passive investor tips. Now this is the fun part. So when you go to get a book deal or go through a publisher, most cases, to get a book made, even though you may only have You know, a few key points that you really want to drive home.
They’re going to encourage you to write this three, four or 500 page book. And so that’s been one of my pain points my whole life. Cause I’m a big reader and I hate spending that much time reading a book where at the end of it, I’m like, okay, so I learned three things. So I was like, all right, I’m doing this book my way through Joe under the best ever publishing, which he published his book under.
And I’m like. No fluff, like two to three page chapters, right to the point, 150 pages. You can literally read it in a day or two. That’s what I want. And that’s what I was able to create. Passive investor tips launched around April, May of this year. It’s on Amazon and I’m very proud of that. I’m donating all the proceeds back to the best ever community.
It’s been a great platform that’s really helped me and made a lot of connections in my life. If you want to support others in education in this space I encourage you to check that book out. Give us this one or two little nuggets from it and we’ll leave the rest for those that pick it. Yeah, so a couple, so it’s a combination.
It was never intended to be a book. Let me start with that. So it’s not one that you have to read from page one to page 150, consecutively. It jumps around with tricks, strategies, formulas, case studies, personal stories, stories of our investors, without naming their names.
And so it’s things like the rule of 72 and how you can double money without having to worry so much about it. Appreciation on things and it even relates to things outside of real estate. You could do this with a stock that’s paying you this, 7, 8 percent dividend every single year. How many years is it going to take to double your money just through the cash flow?
And even at the price of that REIT drops, you don’t have to care because you’re building wealth through cash flow and through passive income. It’s got a really big emphasis. On passive income and some of the long lasting rules of the trade, if you will, investing in asset classes with a hundred year track records what the 1 percent are doing, what the wealthy do.
It’s got a lot of compare and contrast. So I don’t want to give too much away. It’s a great book. Very proud of doing it and appreciate anybody’s support with that.
Ben Fraser: Awesome.
Connect with Travis Watts
Ben Fraser: Travis, what’s the best way for folks to connect with you and just what you’re doing and learn more about.
Travis Watts: Yeah, sure. I created a landing page in hopes of capturing as much as possible minus the book we mentioned. So it’s https://info.ashcroftcapital.com/traviswatts. I’ve got my calendar link there. I put that out to the world. I have done this for years. I don’t care who you are, young, old, inexperienced, accredited, non accredited, interested in Ashcroft or not.
I’m happy to have a 15 minute call with anybody to be a free mentor in space. I’ve got financial trackers, passive income trackers. I’ve got that news report that mentioned the market insights report. So Ashcroft Capital. com forward slash Travis social media at passive investor tips, Instagram, and Facebook, or Travis Watts on any other platform.
Ben Fraser: Love it. Travis. Thanks so much, man. This is really fun. Love your insights. You’re definitely a very valuable resource for people to learn from. So thanks. I’m sure this one’s got a lot out of it. Definitely go connect with Travis. It’s a pretty big offer. You just need to escape there to connect.
So with that thanks so much for coming on, Travis. Really fun, man.
Travis Watts: Thanks Ben. Thanks everybody.
Ben Fraser: This is the Invest Like a Billionaire podcast, where we uncover the alternative investments and strategies that billionaires use to grow wealth. The podcast will make you a better investor to help you build legacy wealth.
Join us as we dive into the world of alternative investments, uncover strategies of the ultra wealthy, discuss economics, and interview successful investors.
