The BetterLife Podcast

Why (and how) Real Estate Investors Should Buy Businesses | Ep 107 w/ Travis Hanson

Dec 24, 2024
Travis Hanson, a successful real estate investor, attorney, and college professor, shares insights on balancing wealth and family. He discusses the excitement and strategies behind business acquisition in real estate investing. Travis reflects on his journey from a challenging background to success, emphasizing the importance of viewing real estate as a business. The conversation also explores the risks of business investments compared to real estate and highlights essential strategies for investors looking to diversify their portfolios.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ANECDOTE

Early Real Estate Success

  • Travis Hanson bought his first house through HUD's Officer Next Door program, selling it for a substantial profit.
  • This fueled his real estate passion and provided capital for subsequent investments, buying houses for $30,000-$40,000 near universities.
ADVICE

Real Estate Requires Dedication

  • Real estate riches require perseverance and significant time investment, not just quick profits.
  • Be prepared for nights, weekends, and consistent effort to build a substantial portfolio.
INSIGHT

Real Estate as a Business

  • Travis Hanson views real estate as an active business requiring systems, not a passive investment.
  • He believes real estate's tax benefits are temporary due to recapture, unless properties are never sold or 1031 exchanged.
Get the Snipd Podcast app to discover more snips from this episode
Get the app