March 16, 2023

JF3115: 3 Reasons to Invest in Value-Add Multifamily | Passive Investor Tips ft. Travis Watts



Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

In this episode, Travis talks about how easy it is to get caught up in the stress of daily life and lose perspective. He encourages listeners to be grateful for being in a position to invest and have the ability to design their lives in a way that works for them. He then talks about the benefits of investing in value-add multifamily and how these investments have allowed him to pursue his optimal lifestyle.

New call-to-action


Click here to learn more about our sponsors:



Travis Watts: Welcome back, Best Ever listeners, to another episode of Passive Investor Tips. I'm your host, Travis Watts, recording outside today. In today's episode, we're talking a little bit about perspective and gratitude. For example, did you know that there's over a billion people on planet Earth that don't have access to clean water? Furthermore, did you know that the chances of even being born at all on planet Earth are one in 400 trillion. That is trillion with a T. Said another way, you're more likely to win the lottery 10 times throughout your lifetime than to even be born.

So I've hit on various elements of perspective and gratitude in previous episodes, I've just never made one full episode where I bring these thoughts together, and that's what we're doing here today. This show is as much about lifestyle and health and well being as it is about finances. So take a few minutes and just be grateful that you're here with me on this show, that you're alive, that you live in America, or any developed country around the world for that matter. Or the fact that you're an investor and that you have any form of discretionary income, where you have the choice to invest, and not just have to worry about putting a roof over your head. That's the level of perspective that we're talking about.

It's easy here in America with our modern day culture to get caught up with keeping up with the Joneses, or to have stress and anxiety over first-world problems, or to confuse our needs and wants... But you know, we have a choice; we have a choice to be happy, we have a choice to be grateful, and just to be here today. I'm recording this in sunny Florida in February. It's 80 degrees, I'm in nature... It's amazing.

Having perspective is probably one of the biggest things that's kept me humble and grounded for years now. I want to share a quick parable with you; this comes from J.L. Collins; he wrote a book called The Simple Path to Wealth, and had financial freedom pretty early in life. And this parable is called "The monk and the minister." It's about a monk and a minister who were childhood friends. They grew up and went their separate ways. One became a very humble monk, and the other became a very rich and established minister to the king. So they reunite later in life, they get together, they're catching up, and the minister says to the monk - and he's trying to be helpful; he says "You wouldn't have to live on rice and beans if you would just learn how to serve the king." And to that, the monk says "If you could live on rice and beans, you wouldn't have to serve the king." And I think a lot of us fall between the minister and the monk, but in my mind, it's a little better to be closer to the monk's mentality. That reminds me of one of my favorite quotes, that you can be twice as rich by desiring half as much.

Break: [00:03:22.13]

Travis Watts: Now, I'm not here to tell you how to live your life, that's not my business, but I do think it's worth considering these three things. Number one, what is the optimal life or lifestyle that you would like to have? Number two, are you moving closer towards that goal? And number three, are you leveraging the power of passive income to help get you there?

So in reflection of these points, there's three reasons I like to invest in value-add multifamily private placements. Number one is that they really can be hands-off. In other words, they free up my time so I can spend my time on things that I love and enjoy doing in life.
Number two, they do often produce passive income, have the potential for equity upside, and in a lot of cases can produce tax benefits to help you maximize your returns. And number three is that a true value-add business plan really can improve the lives of others. And I've seen it firsthand. A value-add business plan to me should elevate the lifestyle of others; it should create a sense of community, it should make the community safer. It should bring newer and nicer amenities to the people who live there.

So investing doesn't have to be about greed, it doesn't have to be about benefiting at someone else's expense. To me, it's all about helping other people, building financial independence for yourself and for your family, and after all, at the end of the day, when it's all said and done and we pass away, it becomes about charity anyway. We have to give it away, because we can't take the money to the grave.

So enjoy life and happy investing, everybody. Something to think about here for the week. You're listening to Passive Investor Tips. I'm your host, Travis watts. I know this was a short episode; just a thought that I wanted to share with you guys today.

If I can ever be a resource, let's connect on social media. LinkedIn, Bigger Pockets, Instagram, Facebook @passiveinvestortips. Have a best ever week, everyone, and we'll see you in the next episode.

Website disclaimer

This website, including the podcasts and other content herein, are made available by Joesta PF LLC solely for informational purposes. The information, statements, comments, views and opinions expressed in this website do not constitute and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. Neither Joe Fairless nor Joesta PF LLC are providing or undertaking to provide any financial, economic, legal, accounting, tax or other advice in or by virtue of this website. The information, statements, comments, views and opinions provided in this website are general in nature, and such information, statements, comments, views and opinions are not intended to be and should not be construed as the provision of investment advice by Joe Fairless or Joesta PF LLC to that listener or generally, and do not result in any listener being considered a client or customer of Joe Fairless or Joesta PF LLC.

The information, statements, comments, views, and opinions expressed or provided in this website (including by speakers who are not officers, employees, or agents of Joe Fairless or Joesta PF LLC) are not necessarily those of Joe Fairless or Joesta PF LLC, and may not be current. Neither Joe Fairless nor Joesta PF LLC make any representation or warranty as to the accuracy or completeness of any of the information, statements, comments, views or opinions contained in this website, and any liability therefor (including in respect of direct, indirect or consequential loss or damage of any kind whatsoever) is expressly disclaimed. Neither Joe Fairless nor Joesta PF LLC undertake any obligation whatsoever to provide any form of update, amendment, change or correction to any of the information, statements, comments, views or opinions set forth in this podcast.

No part of this podcast may, without Joesta PF LLC’s prior written consent, be reproduced, redistributed, published, copied or duplicated in any form, by any means. 

Joe Fairless serves as director of investor relations with Ashcroft Capital, a real estate investment firm. Ashcroft Capital is not affiliated with Joesta PF LLC or this website, and is not responsible for any of the content herein.

Oral Disclaimer

The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to

    Get More CRE Investing Tips Right to Your Inbox