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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