The BetterLife Podcast: Wealth | Real Estate Investing | Life

$100K Passive Income a Year with This Overlooked Real Estate Niche | Travis Gough

Nov 19, 2024

Travis Gough, a former college water polo player and tech entrepreneur turned real estate investor, specializes in sober living housing with over 70 properties across 15 states. He discusses the rising demand for sober living arrangements, contrasting them with traditional treatment centers. Travis shares strategies for generating passive income in this unique niche and the importance of tenant management. The conversation also touches on integrating faith within business and the impactful role of philanthropy in real estate investing.

01:26:44

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Episode guests

Travis Gough

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Quick takeaways

Real estate investors must consider all operational costs, including property management and repairs, to achieve accurate profitability assessments.

Sober living homes present a unique investment opportunity with high cash flow potential, emphasizing scalable strategies for rapid business growth.

Balancing work and personal life is essential for success, requiring intentional actions that prioritize family time alongside business responsibilities.

Deep dives

Importance of Cash Flow in Real Estate

The podcast discusses the significance of having a dependable cash flow when investing in real estate. The host shares experiences from webinars and interactions with potential investors, underlining that while some aim for high cash returns, it’s crucial to account for all costs, including property management and repairs. Discussions emphasize the importance of realistic mathematics in assessing potential investments, pointing out that overlooking expenses can lead to significant financial miscalculations. This perspective instills a cautionary approach for those entering the field, reminding them to account for all operational costs to achieve true profitability.

Intro

2min

Exploring the Profound Potential of Sober Living in Real Estate

2min

Unlocking Passive Income Through Real Estate Strategies

2min

From Water Polo to Real Estate: A Journey of Growth

12min

Navigating Sober Living Real Estate

21min

Navigating Real Estate Strategies

20min

Investing in Sober Living: A Faith-Based Approach

8min

Navigating Screen Time and Family Dynamics in Homeschooling

3min

Charity Contributions and Lessons in Real Estate Management

5min

10.

Lessons in Growth and Faith

13min

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🎥 DESCRIPTION

In this episode, Travis Gough shares how he went from playing water polo at Pepperdine to building a tech company and ultimately finding his passion in real estate. Now owning over 70 properties across 15 states, Travis reveals how he’s using sober living housing to create financial success while making a real difference in people’s lives.

Travis dives deep into his unique approach to real estate, from securing innovative financing to scaling a business that balances profit with purpose. His story is proof that entrepreneurship and impact can go hand in hand.

What You’ll Learn in This Episode:

How Travis scaled from a single real estate deal to managing 70+ properties.
The unique challenges and rewards of investing in sober living homes.
Innovative financing strategies, including bank statement loans and partnerships.
Why clear criteria and strong partnerships are key to success.
Insights on the growing demand for sober living and its impact.
How to mitigate risks in niche real estate markets.
The importance of socially responsible investing for long-term success.
Strategies for overcoming setbacks in business and real estate.
And so much more!

❌ DISCLAIMER

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The BetterLife Podcast: Wealth | Real Estate Investing | Life

$100K Passive Income a Year with This Overlooked Real Estate Niche | Travis Gough

Episode guests