Ep 30 - Getting into real estate is challenging, but it can be rewarding experience. As long as you have the right strategies and mindset, you can set yourself up for success.   In this episode, Travis Gibson talks about valuable lessons he learned throughout his career in real estate. He was doing well for himself as a software engineer and investor, but the crash of 2018 left him fighting to recover his lost assets. He details his transition to multifamily and trading and offers important insights on how to be wise with money.   Travis is the Principal and founding member of the private equity investment firm, Freeman Equity which has over $65M AUM. He has over 20 years in both the public and private equity markets. He has extensive experience investing in self-storage facilities, residential mortgage notes, mobile home parks, single-family residential acquisitions, office buildings, and Multifamily real estate syndications. Coming from a background in software engineering he has a wealth of experience in defining project requirements and managing development teams for Fortune 500 companies such as EDS, ECMC, and Apple. Finance.   ________________________________ FREE Discovery call for The Microfamily Investing Accelerator  https://calendly.com/noirvest/microfamilymavericks  ________________________________ [00:01 - 10:42] Who is Travis Gibson?  Travis on coming from a family of real estate owners and professionals He bought his first property to get tax deductions What was it like when he lost half of his portfolio in the 2008 market crash   [10:43 - 22:33] Surviving and Thriving with Multifamily By finding a lender that would give him credit and buying single-family homes cheaply, he was able to slowly rebuild his portfolio Not wanting to deal with residents’ problems anymore, he discovered multifamily through a friend and how it offers better returns and tax advantages Travis shares a bad experience with a tenant and why you should always trust but verify He chose to be an active investor so he could learn the in and outs of the business   [22:33 - 29:31] Take Profits or Don’t Managing greed is essential, especially in trading Use profits from trading to invest in multifamily Set up rules and trade by those rules to mitigate risk Travis explains why he doesn’t want to create a course on trading How he’s able to balance his W2, real estate, trading, and personal life   [29:32 - 39:45] Building Sustainable Wealth as a Minority The community itself has capital, but the investment strategy is problematic You don’t need a lottery ticket, start with wherever you are Do due diligence and find the best cash-flowing assets Figure out your financial goals Look at your expenses and cut out unnecessary spending There is value in delayed gratification   [39:46 - 40:31] Closing Segment  Watch out for part 2 of our conversation with Travis! Key Quotes    “It's important that you're super diligent in choosing the best possible assets that you can from a risk standpoint, but also from a growth standpoint.” - Travis Gibson   “I've really tried to work on not only my children but also my family and pretty much anybody that wants to talk about it. Financial literacy is a huge component in this, just learning how to manage your finances and from there, how to invest. It's pivotal, right?”  Travis Gibson   “The ability to defer gratification is a big part of any sound investment strategy. Do you want a new car? Yes. Do you need a new car is the question.”  Travis Gibson Resource Mentioned:

Ver todos los episodios