On this episode of Capital Hacking, hosts Josh McCallen and John Edwin interview Travis Baucom, an experienced real estate investor who went from owning 400 properties to having to sell them all and start over again in the self-storage space. Travis shares his story and insights into his current successful investing strategy, which involves self-storage instead of houses. The hosts and Travis also discuss the differences between house investing and commercial investing, and why Travis believes houses are not a good investment. Listeners will learn valuable lessons about real estate investing from Travis's experiences and expertise.[00:00:55] Self-storage investing strategy.[00:03:43] Real estate investment strategies.[00:06:57] Business Failure and Growth.[00:10:06] Leadership and accountability in business.[00:13:21] Real estate investment pitfalls.[00:16:50] Overcoming Adversity in Real Estate.[00:19:58] Commercial Real Estate Investment.[00:23:18] Self-storage facility management.[00:28:06] Investing in storage facilities.[00:30:04] Real estate investment opportunity.Travis Baucom faced a challenging time both personally and financially, losing his employees, properties, and assets. However, he managed to turn things around by venturing into self-storage investing. He purchased all three books on self-storage investing from Amazon, read them, and listened to numerous podcasts on the subject. He began reaching out to people, conversing with brokers, and building relationships. Travis and his wife jotted down their objectives, including the amount of storage and cash flow they desired, allowing him to concentrate on developing his self-storage business. The value-add component of self-storage investing is unique compared to other real estate investments, as it primarily involves identifying demand.In the episode, the guest speaker explains that commercial real estate is valued based on the income approach, while houses are valued based on the comparable market approach. They clarify that if you have five houses in a row, each one is likely to be worth about the same amount, regardless of their rental rates. However, with commercial real estate, such as a storage facility, if you purchase it and increase its net operating income from $100,000 to $200,000 annually, you have doubled its value. This is because commercial real estate allows for forced appreciation through business planning. The guest speaker also notes that in the case of storage facilities, they are valued solely for their real estate value, not for any additional business value. The speaker invests in commercial real estate in the Sunbelt States and near-Sunbelt States, with a focus on conservative leadership and growing populations. They currently own six Turn your unique talent into capital and achieve the life you were destined to live. Join our community!We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger. LinkedinFacebookInstagramApple PodcastSpotify