Think Outside the Box and Leverage Your Capabilities with Travis Baucom | Know your why #236

Meet Travis Baucom, an incredible real estate investor and coach who has found an innovative niche in the self-storage sector. His journey from traditional real estate practices to this fascinating alternative is nothing short of inspiring. Travis provides a candid glimpse into how he moved away from the headaches of rental properties and began exploring the world of self-storage investments, a domain that he believes is the easiest and lowest defaulting asset class. His stories from flipping over 400 houses from 2015 to 2018 offer invaluable insights for anyone in the real estate space.

In the second segment of our talk, Travis shares his wealth of knowledge on the smooth management of self-storage facilities, a process he has brilliantly streamlined with the aid of modern technology. He delves into the advantages of the syndication model and the benefits of non-judicial eviction, both vital to mastering this side of the business. This conversation is a treasure trove of information for anyone seeking to shift from conventional real estate models to more innovative and lucrative systems.

But Travis's journey doesn't stop at real estate. He is also passionate about education, and he shares his thoughts on the importance of business and entrepreneurship in the school curriculum. His dream of starting a school based on entrepreneurship and STEM education is inspiring and reinforces the importance of knowing your “why.” So, join us in this enlightening chat with Travis Baucom as he motivates us to take decisive steps in our own real estate journeys. You'll walk away with a wealth of knowledge and a spark to ignite your own “why.”

TRAVIS BIO:

Travis Baucom is the founder and CEO of Balcomie Capital. He is the director of the overall investment strategy, asset acquisitions, and business development activities for BC. Mr. Baucom personally selects all key investment markets and asset classes in order to meet the goals of his investors. He brings to the company over 10 years of investing experience and asset development.

He started his journey in the private markets in August 2012 and has been directly involved in the acquisition or development, repositioning, disposition, asset management, and strategic planning with over $55million in AUM. Prior to Balcomie Capital, Travis was CEO of the largest privately owned distressed house buying company in the State of Texas, Texas Trust Home Buyers. Buying over 400 single family homes within a 5 year period.

He developed and implemented the company’s strategy along with directing the asset acquisition and management of those assets. Travis and his wife, Kristina, founded a private school focused on entrepreneurship, emotional awareness, and a strong emphasis on STEAM curriculum.

Travis is part of the fightin’ Texas Aggie class of ‘07, enjoys the outdoors with his 4 kids, and is a large supporter and advocate of the foster system of Texas.

GET IN TOUCH WITH TRAVIS:

https://balcomiecapital.com/founder/

EPISODE CHAPTERS:

(0:00:00) - Transition to Self-Storage Real Estate Travis Baucom shares his journey from flipping houses to investing in self-storage, discussing the benefits of the lowest defaulting asset class.

(0:09:00) - Transitioning From Rental Housing to Self-Storage Travis transitioned from owning 72 rentals to self-storage, utilizing software and automated payments, with minimal maintenance and non-judicial eviction.

(0:15:46) - Managing Self-Storage Facilities and Syndication Travis uses QR codes, fractional facilities managers, and syndication to manage self-storage investments without onsite staff.

(0:27:09) - Starting a School/Real Estate Start-Ups Travis shares his experience starting a school based on entrepreneurship and STEM education, emphasizing the importance of business and entrepreneurship education for young people.

(0:31:17) - The Importance of Knowing Your Why Travis shares his journey from owning 72 rentals to self-storage, using technology to manage investments, and starting a school based on entrepreneurship and STEM education.

If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara

Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/