Tribe Investing w/ Travis Smith

Tribe Investing w/ Travis Smith

Pooling capital is a long-standing way of making your money go further in investing. However, it’s not as simple as it sounds. There are a lot of things that you should be aware of going into a partnership. There are also a lot of logistics regarding making it work smoothly.

My guest today founded Tribevest after an unfortunate experience trying to get into real estate with his brothers. Now he is on a mission to help others avoid the same pain. Travis Smith is leading Tribevest to solve the financial collaboration problem and evolve as his customers’ needs do. We talk partnerships, structure, and the other ins and outs of tribe investing.

Key Points:

Travis relays his background (0:54)

The math and philosophy behind the benefits of pooling capital (2:58)

How tribe investing spreads risk and allows you take advantage of more opportunities (4:42)

What is the average and ideal tribe? (6:07)

How do you know if your prospective team members would make a good tribe or not? (8:35)

What kind of investments work best with tribe investing? (12:43)

Real estate as part of your overall portfolio (15:02)

Knowing when and how to dissolve your tribe (17:40)

Best practices regarding dissolving partnerships (20:17)

Resources:

Tibevest – https://www.tribevest.com/

Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/

Learn more about The Haney Company here – https://www.thehaneycompany.com/

Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050

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Passion is an understatement when it comes to Christopher Mills and his desire to help families and family owned businesses. Chris has over 15 years of real estate experience as an investor, and has experience as a loan originator, property manager, and an agent. At The Haney Company, Chris specializes in working with individuals and organizations who have or desire real estate holdings and helping them map out and achieve their financial goals. His real estate experience helps him address the complexities and opportunities unique to real estate investors. His specialties include alternative investments, 1031 Exchanges, and liquidity solutions. Working closely with members of The Haney Company, attorneys, and CPAs, his clients are able to benefit from a comprehensive approach to each individual situation. Chris is the author of Legacy 101: A Practical Guide. He lives in Northern Virginia with his wife and 3 children. In his free time, he enjoys gardening, hiking, cooking, and classical music.