$100K Passive Income a Year with This Overlooked Real Estate Niche | Travis Gough

The BetterLife Podcast: Wealth | Real Estate Investing | Life

Brandon Turner & Cam Cathcart

House Flipping, Multifamily, Real Estate, Wealth, Investing, Business, Real Estate Investing, Self-development, Entrepreneurship, Rental Properties, Health

4.8 • 767 Ratings

🗓️ 19 November 2024

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

🏠 JOIN MY FREE 5-DAY DEAL ANALYSIS CHALLENGE

https://go.abetterlife.com/deal-analysis-challenge_pod

🧔‍♂️ WHO AM I?

Our names are Brandon Turner and Cam Cathcart! We teach people how to BUILD WEALTH WITHOUT LOSING THEIR SOUL through real estate investing!

1️⃣ WANT TO GET YOUR FIRST DEAL?

https://go.abetterlife.com/firstdeal_pod

📈 WANT TO SCALE YOUR EXISTING PORTFOLIO?

https://go.abetterlife.com/betterlife_tribe_pod

🔁 WANT TO LEARN HOW TO FLIP HOMES?

https://go.abetterlife.com/dealflow_pod

🤝 CONNECT WITH ME ON INSTAGRAM

https://go.abetterlife.com/@beardybrandon_ig_pod

👋 CONNECT WITH CAM ON INSTAGRAM

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🙌 CONNECT WITH TRAVIS ON INSTAGRAM

https://www.instagram.com/travistgough/

📱 JOIN MY WEEKLY TEXTLETTER

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📚 READ ONE OF MY BOOKS

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🙏 SPONSORS

• TurboTenant: Market your rental, screen tenants, and collect rent… all in one place! Use the code BRANDON10 to get 10% off upon sign-up at https://go.abetterlife.com/turbotenant_pod Or check out all of their incredible FREE resources for landlords at https://go.abetterlife.com/toolbox_pod

• BallPoint Marketing: These guys know how to find deals… BallPoint Marketing is the leader (and the company that I use) for all things direct mail marketing! They’ll write the postcards, send them out, build out a CRM, and even field the calls for you! All you have to do is go to https://go.abetterlife.com/bp_pod for a strategy call and a discount!

🎥 DESCRIPTION

In this episode, Travis Gough shares how he went from playing water polo at Pepperdine to building a tech company and ultimately finding his passion in real estate. Now owning over 70 properties across 15 states, Travis reveals how he’s using sober living housing to create financial success while making a real difference in people’s lives.

Travis dives deep into his unique approach to real estate, from securing innovative financing to scaling a business that balances profit with purpose. His story is proof that entrepreneurship and impact can go hand in hand.

What You’ll Learn in This Episode:

How Travis scaled from a single real estate deal to managing 70+ properties.
The unique challenges and rewards of investing in sober living homes.
Innovative financing strategies, including bank statement loans and partnerships.
Why clear criteria and strong partnerships are key to success.
Insights on the growing demand for sober living and its impact.
How to mitigate risks in niche real estate markets.
The importance of socially responsible investing for long-term success.
Strategies for overcoming setbacks in business and real estate.
And so much more!

❌ DISCLAIMER

https://go.abetterlife.com/disclaimer_pod

Transcript

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0:00.0	When I would do bigger pockets webinars, I'd say things like, I always look for a 10% cash and cash return.
0:05.7	People are like, I go to 22%.
0:07.5	I'm like, no, you don't.
0:08.5	I'm like, yeah, I do.
0:09.5	And then I walk into the math and I'm like, no, you're literally not charging for property management.
0:13.5	Well, do that myself or repairs.
0:15.0	Well, we don't have any repairs or KepX.
0:17.0	What happens when you're 70 properties.
0:18.5	Exactly. You're not going to manage those. Exactly, yeah. Like, no, you're comparing apples to oranges here.
0:22.2	Like, you don't do your math right.
0:23.7	I do my math right.
0:27.0	Welcome to the Better Life podcast where we talk about real estate investing, building wealth, and all in all living a better life.
0:32.8	My name is Brandon Turner and I have spent my life investing in real estate to achieve financial freedom.
0:38.9	And alongside my co-host, Mr. Cam Cathcart, we want to help you do the same.
0:44.1	On this show, you're going to hear from world-class guests who have been handpicked to help you
0:49.8	level up your investing, your leadership, your goals, your habits, and more to become the very
0:57.0	best version of yourself. So, join us as we explore the habits, the actions, the beliefs that
1:03.4	it takes to build wealth through real estate investing without losing your soul.
1:21.5	This is the better life. This is the Better Life podcast with Brandon Turner and my good friend.
1:24.7	Cam Cathcart.
1:25.6	Cam Cathcart. I noticed you shaved a little bit, but it's coming back a little bit.
1:29.7	A little bit.
	...

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