“What mistakes did you make in your career that I should be on the lookout for as a new passive investor?”
Travis Watts answers this listener question by sharing four mistakes he made starting out as a passive investor that you can learn from:
- Location, location, location: You cannot overcome a bad area with good management.
- Understand that management is key.
- Make sure you understand the underwriting.
- Don’t do a deal just for tax reasons or because you see a lucrative fee split structure.
Want a more in-depth look at how to vet a team, a market, or a deal? Then check out our three part mini-series starting with episode JF2396: Passive Investing Strategies | Actively Passive Investing Show With Theo Hicks & Travis Watts.
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