[00:00:00] Travis Gibson: What my wife and are able to leave to our descendants that it grows over time. So such that we’re able to generate generational wealth. And my goal and part of the reason I still work at W2, my goal is I don’t want my grandchildren to have to work at W2 unless they want to.

[00:00:47] Nicole Pendergrass: Hey, guys. So we’re back again. This is the second part of the episode with today’s guests. I need you, if you have not heard part one, go back to the previous episode and listen to that first. And then come back and join us here today, but you’re not going to want to miss what they already said, because then you’ll be lost with what they’re about to say. But in any case, you don’t want to miss the whole, you need to hear the whole conversation. This is why we split into two parts. There’s so many nuggets it’s so juicy. Go back and listen to the first part.

[00:01:16] Nicole Pendergrass: People always say you don’t need money to make money. You don’t need your money, but you need somebody’s money, right? So if you’re not skilled at like talking to people and partnering and let them see what value you could bring to the table, so you either have to spend time and energy and do sweat equity to get the knowledge and skillset that is monetizable, you know what I mean? Or otherwise, you know, who’s going to partner with you and give you their capital if they can’t trust that you know what you’re doing, you know, so one way or the other, you got to put the work in. Okay.

[00:01:47] Travis Gibson: Absolutely.

[00:01:48] Nicole Pendergrass: After you have been building wealth all this time, and you have your properties, you have your stock portfolio, I’m sure you have other things for your family, so you have children. I know you’re looking out for them as well. So what I really want to get into is besides stocks in real estate, is there anything else that you put money into as like an asset ’cause you know, we always talk about multiple streams and then the protection side of it because I know I heard you say something about trust before and I love the idea of trust. Like, I’m in the middle of trying to get my trust together and I just never know like how can I put, I don’t want my kids to ruin it, you know, 20, 30, 40 years from now. But I don’t even know what restrictions to put on it or like, how should I form it so that the distributions are maybe tapered or I don’t know. There’s just so many different ways to kind of structure it. And so when I have too many options, it’s hard for me to make a decision. So I like to see what other people are doing. So then I can like take bits and pieces from stuff that I like and kind of model after that. So I just want to hear, I know you have a trust and I want to hear about it.

[00:02:56] Travis Gibson: Okay. And before I go into that, let me tell you this. And this is, when I found out that Chadwick Boseman did not have a will or trust, I was floored. Aretha Franklin, no will no trust. Prince, no will, no trust.

[00:03:12] Nicole Pendergrass: Prince didn’t have a will or a trust?

[00:03:14] Travis Gibson: Prince. Prince. The thing about it is our community traditionally does not do a very good job at estate planning. Part of it is because, you know, a lot of folks in our community don’t have a whole lot. But the thing about it is you know, I’ve had folks in my family pass away where you know, where that part of family couldn’t even afford to bury them. So they’re collecting money from the family. So I say all that to say this, I learned from all of these things and I worked with a guy whose grandfather was the governor of Utah back in the seventies. This guy was, I don’t know why he worked, well, I understand why he works now, but I didn’t before. He’s worth like $50 million, like to have a W2 job and be worked $50 million, I didn’t understand at the time, but I understand now. He needed something to do, but he walked me through, like his family had a family office set up in Utah. He lived here and he walked me through how his grandfather established a dynasty trust. And I’ll talk about what that actually is in a second, but that dynasty trust was set up in Utah and structured such that every descendant received a distribution, the quarterly distribution, but there were all of these provisions in place. If you worked and made 75% of median income, you got X amount. If you made a hundred percent of median income, you got X amount. If you didn’t work at all, you got the minimum. If you were disabled, you got max distributions. You know, he walked me through, like, if you wanted to start a business, you could get a loan from the trust. If you’re going to college, the trust would, would actually pay for your college. If you finish, if you didn’t, your college loans would be deducted from your future distributions. So the way it was structured was phenomenal. And as soon as I saw it, I’m like, if you want to buy a house, another demo the trust would actually give you the down payment for your house. Also what was really interesting was his trust, I think, back in the seventies, when he started was like $50 million and it grew to like $300 million or something, some astronomical number, but the way they, structured their trust was only 35% of the total profits that the trust generated on an annual basis was actually distributed. 65%, went back into the trust itself to accumulate additional assets. So that’s how they were able to grow it year after year after year. And like I said, once it got to, you know, if you’re talking about, 50 million, a hundred million dollars, you can establish a family office at that point and hire like professional fund managers to actually deploy that capital to the folks in your family. Like I said, once he laid it out, I’m like, that’s what I’m going to do. And what I really appreciated about it was, you know, you have a lot of people that they end up with sizable estates and they just, they give their heirs the entire estate at their passing. And what happens is you create these trust fund babies that have no real appreciation as to what it takes to actually build an estate that size. So they squandered the money. So I wanted to make sure that what my wife and I are able to leave to our descendants, that it grows over time. So such that we’re able to generate generational wealth. And my goal and part of the reason I still work at W2, my goal is I don’t want my grandchildren to have to work a W2 unless they want to.

[00:06:48] Nicole Pendergrass: Oh, my God. Oh, my God. I need, just can you photocopy your trust and send it to me in the mail?

[00:06:55] Travis Gibson: Yeah.

[00:06:55] Nicole Pendergrass: I’ll send you my address’ cause, it was so serious. That’s crazy. Like, all of those little details, that’s what I wanted to know. Like, that’s what was missing. It’s just like, you hear general, okay, well, every child has to have a life insurance, a whole life policy, and then the trust, gets that. But then how about the distributions and, you know, like for a business or for school or for something important, they get distributions or maybe when they’re 18, they get a certain amount or , you know, like, so there’s all those, but it’s, like, still general. And I know it is really just depending on the person and how you want to set it up and tweak it. But I would love to see, I need to see details. I’m such a detail oriented person and that’s how I see the whole picture in my head is once I know the details, then I can expand and see the whole picture. And just seeing like you said, depending on how much you make. Depends on how much distribution you get. Like, but if you’re disabled, then you’ll get max distributions and, you know, all of that is so, so smart. One of the things I was going to say that I heard somebody, oh, to make sure that your heirs are kind of involved in the process is that you can create a foundation that’s like a non-profit and that the trust will give a certain percent to the nonprofit and that the heirs have to be on the board of the nonprofit and be active and picking out who they are going to, what causes they’re going to give to and they have to research. They actually have to help with the discovery of that, because then that exposes them to people who are less fortunate. And if they don’t participate in the foundation, then they can’t participate in distributions from the trust. And I thought that was smart too, to kind of help, at least on that side, let people see, let your heirs see that there’s still people who are needy in the world and how are they going to see that if they don’t have, they’re not exposed to that on a regular basis, especially once you make a certain amount of money.

[00:08:51] Travis Gibson: Right.

[00:08:51] Nicole Pendergrass: Is that something you have in yours too?

[00:08:53] Travis Gibson: Well, here’s the thing. So far as charitable contributions are concerned, I have a section in the trust, a percentage of the trust actually is responsible for charitable contributions. So there is a component of that in the trust as well. And the way it’s structured there will always be an odd number of trustees just to, well, and here’s the other thing, anybody that attempts to challenge the trust, as soon as they lose and they will lose, they’re out. So they’re out. It’s the way the trust is written. But the thing about it is, Nicole, I actually went to an estate attorney and we had three or four meetings where first thing was, he gave me this huge worksheet of just questions and like my wife and I had to go through those and you have to define all of your assets. Then you have to define, you know, how you want distributions, and then you have to define provisions. So it’s a process, like make no mistake about it, but it’s something that I feel, you know, even if you don’t have a whole lot of money, eventually it’s important because it’s the only true way that you can establish something that’ll grow for your future heirs over time. It’s the only way. And here’s the other thing too, without some type of trust in place, depending on the state you’re in, 3% to 8% of your trust is going to be gone in probate and just taxes and fees associated with probate just right off the top. Then there’s going to be taxes so far as the transfer’s concerned too. So what a dynasty trust allows you to do is to define the trust in a way where you can sidestep generational tax, now granted, just fees and income and that’s a whole other thing. Oh, by the way, none of this is financial advice. Please, please, please contact a qualified financial advisor, contact an estate professional. I’m just telling you what I’ve done. So this is not something that you just want to look at some YouTube videos and try to do. You need legal help in order to establish that. Now mine is actually established in California. There’s a bunch of reasons for that, but there are other states, typically the way these dynasty trusts work, they don’t go on a perpetuity. Meaning, here in California, it’s 20 years after the passing of your youngest descendant is the way it works. So, you know, let’s say my wife and I are gone at that point. And let’s just say my granddaughter has a child, so it’s going to be 20 years after my great grandchild passes. The trust itself gets dissolved, but I’ve also structured in the trust, and I encourage everybody to do this because my buddy told me that his grandfather did this. His grandfather actually shot a video Brewster’s Millions style where he talked to future generations…

[00:11:52] Nicole Pendergrass: That’s what I wanted to do too.

[00:11:54] Travis Gibson: … about why he set the trust up, the intent and what his expectations were going forward. So I’m like, that’s a great idea. So, and there’s a letter in my trust, too. What I’m hoping is that my future heirs after we’re long gone, will actually create another trust and allow that to go in perpetuity. Or, you know, you can establish a trust in Wyoming for instance. Wyoming provides you the ability to establish a dynasty trust in perpetuity.

[00:12:24] Nicole Pendergrass: So why is that? Just because of the state laws are different?

[00:12:27] Travis Gibson: State, yeah. State law.

[00:12:29] Nicole Pendergrass: So then why did you decide California?

[00:12:31] Travis Gibson: ‘Cause we live here. We live here, all of our assets, well, at the time, you know, most of our assets were here. We had in the state attorney here. So it just made sense. And the thing about it is this is the difficult part about a dynasty trust, because while my wife and I are alive, it’s revocable. Meaning, you know, if somebody is acting oh, you know, we can put you out. But once we pass, it automatically becomes irrevocable. What that means then is the provisions have to be written in a way where they’re open enough to deal with, you know, things that happen in the future. I mean, imagine this. My buddy’s grandfather, he established their trust before the internet, right? So the internet changed everything. So if he had limited, like for instance, what you could invest in, he would’ve completely blocked the ability to invest in so many different things. So it’s one of the things you have to consider with the dynasty trust. It has to be written in a way where you try to at least consider what can happen in the future. And, you know, you want to make the trust flexible enough so that it can adapt someone.

[00:13:40] Nicole Pendergrass: Okay. And then even if your trust is in perpetuity or not, your kids or your few descendants down could still create their own trust and model it after yours. Like, so they can always start their own and just like for whatever their lineage is. ‘Cause what I, and I understand that the trust is investing, especially the way his is set up is 35% is distributed 65% goes back into the trust. And then he has people, like, investing that, so money’s not just sitting in a bank account, they’re actually investing that. The money’s just owned, those assets are owned by the trust. So that’s how it grows. But then, like, generations can get really big. Like, if you’re started with two, you have two kids, they have two to four kids. They each have two to four kids. Like, it just keeps going and going and going, like, how can you invest? How much is each descendant getting? Is it direct descendants? Is it only kids? What about spouses? Like, if you adopt a kid, ugh. There’s so many different ways it can be split when you get to a certain level, then like you’re getting like a dollar because there’s not enough money.

[00:14:45] Travis Gibson: Yeah, that’s something that is actually in the provisions. Adopted children are treated the same way as biological children in our trust. Now here’s the other thing though, husbands or wives, spouses of descendants are not entitled to distributions unless they still have children that are under 18. And this is something my wife and I kind of went round around about. So what that means then is if one of my heirs who’s a direct descendant of mine were to pass away and their spouse remained and they had children that were under 18, they would continue to get their spouse’s distributions. After those children turn 18, they don’t get anything.

[00:15:29] Nicole Pendergrass: Then at that point, the children now get the distributions instead because they’re the direct descendant.

[00:15:36] Travis Gibson: Exactly. Yep.

[00:15:37] Nicole Pendergrass: Oh, my gosh. There’s so much in my head. Oh, my gosh. So much to think about.

[00:15:42] Travis Gibson: I think it took us two months and three to four meetings with the state attorney to get everything fleshed out because we’d go in and, you know, and he would ask, oh, what about this? Or what about that? And like I said, my wife and I kind of, we went round around on some of these things, but ultimately we were able to kind of compromise on, you know, what we thought was, generally fair for the family. And it doesn’t matter. Like if my son will soon have two children. My other children don’t have any. It’s spread equally across, regardless to which lineage you actually fall under. So if my oldest ends up having 10 kids, well, there’s 10 more heirs to the distribution.

[00:16:20] Nicole Pendergrass: So basically now the pot is split. The more kids, the pot gets smaller for each kid because it’s just split equally between all the kids. And what about, okay, so there’s kids and then there’s grandkids. So do the kids get more than the grandkids are all heirs between kids and like your kids and then their kids. So even though they’re the parents, they still get the same cut as their kids.

[00:16:42] Travis Gibson: Yep. Yep.

[00:16:43] Nicole Pendergrass: Wow. Well, so if you don’t grow that pot, your portion is going to get smaller and smaller.

[00:16:48] Travis Gibson: Exactly.

[00:16:48] Nicole Pendergrass: So you better be happy that 65% is going back into the trust and that somebody’s managing it correctly so that it can really grow. Do you have life insurance into this as well?

[00:17:00] Travis Gibson: Yep.

[00:17:00] Nicole Pendergrass: So what does that look like?

[00:17:01] Travis Gibson: Yeah, pretty much, pretty much the trust owns everything now.

[00:17:04] Nicole Pendergrass: Does every kid can have to have a life insurance?

[00:17:07] Travis Gibson: Yep.

[00:17:07] Nicole Pendergrass: That goes into the trust?

[00:17:09] Travis Gibson: Yep. The trust actually pays for that.

[00:17:11] Nicole Pendergrass: The trust pays for the life insurance.

[00:17:14] Travis Gibson: It’s a provision. And the trust is beneficiary of that as well.

[00:17:17] Nicole Pendergrass: It pays for it and the beneficiary. Oh, it should be a beneficiary.

[00:17:20] Travis Gibson: Yeah. Yep.

[00:17:21] Nicole Pendergrass: And then that goes back into the pot of the 35-65 split.

[00:17:24] Travis Gibson: That’s right.

[00:17:25] Nicole Pendergrass: Well, you didn’t pay for the life insurance, so why should you get the money anyway?

[00:17:28] Travis Gibson: Exactly. My wife and I have insurance policies.

[00:17:32] Nicole Pendergrass: Yeah.

[00:17:32] Travis Gibson: The trust is the beneficiary of our life insurance.

[00:17:34] Nicole Pendergrass: Oh, okay, okay, yeah. Yeah, I have a life insurance policy. The trust is not yet the beneficiary of it. This is just all the paperwork ’cause I opened it before I had the trust, the policy before I had the trust. So this is to take all the paperwork you have to go back through and changing stuff around. And you just can’t procrastinate because you just don’t know how much longer I could have all these ideas. If something happens to me tomorrow, knock on wood, you know? It’s still got to go through probate, even though I wanted to have this, like, the intent doesn’t matter. Legally, it has to be signed and notarized and put on paper and, oh, my goodness.

[00:18:07] Travis Gibson: Yeah, and I do the bulk of my investing through my LLC and the LLC is owned by the trust. So once again, and that was because it was kind of, well, I would get, you know, dinged from the attorney anytime I needed to add anything to the trust, I’d get a bill, I’d get a bill, I’d get a bill, ’cause that’s what attorneys do. So I asked, I’m like, well, what if I just started using my LLC for, you know, these acquisitions and from of the investments it goes off. Yeah, the trust would indirectly own, since the trust owns the LLC, then everything the LLC owns, the trust owns. So just a little tip there.

[00:18:47] Nicole Pendergrass: I don’t know. I think I heard, okay, so that was one of my things, I guess the reason I didn’t do that was because I heard about like, you know, you have to get the trustees’ permissions to do anything, but that’s not if it’s irrevocable, you could still do whatever you need as ’cause you’re technically the still, are you the trustee of your trust right now?

[00:19:06] Travis Gibson: Yeah, my wife and I are the trustees of the trust, and right now the trust is revokable so we can make changes in it.

[00:19:13] Nicole Pendergrass: Whenever you want.

[00:19:14] Travis Gibson: As much as we want right now. Yep. Now once we go to the upper room, then it becomes locked down.

[00:19:20] Nicole Pendergrass: All right. So what if you have multiple, I mean, multiple LLCs with different tax designations? Because they’re treated differently for tax reasons. So how are you filing taxes with the trust? Like, the trust has to file taxes.

[00:19:35] Travis Gibson:  I file taxes. I mean, the trust is essentially the owner of the LLC, but I still file taxes because I take a salary from the LLC. So there’s still a tax liability for me because I’m actually operating the LLCs themselves.

[00:19:53] Nicole Pendergrass: So the salary that you get from the LLC that is owned by the trust. So the trust is basically paying you to operate the LLC that it owns, but the trust itself, does not need to file a tax return?

[00:20:05] Travis Gibson: Contact your tax professional on that.

[00:20:08] Nicole Pendergrass: I know. My gosh.

[00:20:10] Travis Gibson: Contact your tax professional on that. Yeah.

[00:20:14] Nicole Pendergrass: Okay. I will. We have to talk soon anyway. Oh, my gosh. I mean, me and my tax professional. This can get really complicated and, you know what? This is why people don’t do it because they don’t feel like dealing with it. But it’s just so crucial. It’s so critical to have these conversations, to know this information, no one should be in there. And even if you can’t do everything, at least like get a blanket, one that like you are good with if this happened, if something happens to me tomorrow, I’m good with this for now. And I will add to it little by little as, you know, as I keep living, right?

[00:20:51] Travis Gibson: Yeah. I mean, having some type of structure in place to ensure that your assets are handled properly, you know, I think it’s a responsibility of anybody that has a family. I mean, and that’s just my opinion. You know, some folks, I guess, they figure they’ll worry about it, their family will worry about it when they’re gone. For me, this is the gift, you know? My parents have a trust. They don’t have a dynasty trust set up the way I do. But that’s okay. You know, I mean, my parents don’t want to, you know, you mentioned the work, they didn’t want to go through all of the headaches. So it’s just, you know, it’s kind of a straight line, but it works for them. So everybody has to do what works for them. My goal is generational wealth, period. And I’m willing to do whatever it takes now to make sure that happens. Oh, one thing too, by the way, I’m probably going to have to establish another trust in the next few years. There’s a limit dynasty trust. I think it’s like 11.5 million right now, before you start encountering, I think it’s GSTT, basically the tax to descendants.

[00:22:01] Nicole Pendergrass: It’s the gift tax, right? The inheritance or gift tax.

[00:22:04] Travis Gibson: Yep. Yep.

[00:22:05] Nicole Pendergrass: So I didn’t know that trust was subject to that.

[00:22:08] Travis Gibson: Yeah. Well, here’s the thing. If the way the trust is structured, I think the term for it is like generation of skipping. There’s no requirement that the trust have to skip generations. But the thing about it is you want to make sure you’re able to bypass gift tax, estate tax, you know, in order to make sure that your descendants get the most that they possibly can. Like I said, I think in 2020, it was like 11.5 million. I think it’s going to go up with the inflation, but it’s just something to keep in mind. And that that’s part of the reason why, like I said, when we get to that point, then I’ll be looking at some other options, but we’ll cross that bridge when we get to it.

[00:22:50] Nicole Pendergrass: Oh, my God. I could talk to you forever. this episode, I already knows. going to be cut in half cause this just long, but it is okay because I just, I cannot stop a conversation that has so much information in it because even if you say, okay, let’s cut it and let’s come back on, it doesn’t have that same energy you’re in the middle of the flow. Like, just keep going. You know, like this is fantastic. And between this and the other interview I did with Portia, I don’t know if you listened to that one, but she was really good too, with all her information on generational estate planning and that kind of thing. There’s so much to know and I just can’t get enough. Like, this is great information, and everyone listening guys, y’all, I hope y’all had y’all pen and paper ready. I’m going to have to warn people when I do the intro to have their pen and paper ready ’cause I was writing down stuff and I’m going to have to re-listen to this again. And I’m going to be hitting you up for more information.

[00:23:49] Travis Gibson: Anytime.

[00:23:50] Nicole Pendergrass: I might have to, like, come out to California and just spend a week there and every day we go through, I’m going to bring my trust documents. We’ll do it over Montanas.

[00:24:00] Travis Gibson: Okay. Yeah. Here’s the thing, wealth building does not happen overnight. It does not. In our space, you know, and this is really for anybody that’s just getting started in multifamily, be patient in what it is that you’re doing. Gino says it all the time, real estate is a get rich slow plan. And you know, the thing about it is you just got to get started. You just have to get started. And as it relates to structuring things, you know, start some and maybe you start with a will and then you transition into a trust. Then you transition into a dynasty trust. Just putting in the work to start thinking about estate planning and future generations. It feeds on itself, you will want to be better and better and better. You’ll look for more opportunities to improve your overall estate. So just get started.

[00:24:58] Nicole Pendergrass: There’s no better way to end that. Like that’s a great note. We can’t keep sitting down on the information. We got to start implementing one foot in front of the other. I think people like to think of, they have to do this huge leap and it’s not like that at all. It’s needle point movements and then that’s what creates the picture

[00:26:22] Nicole Pendergrass: Okay. So we are going to wrap. Oh, my gosh. I don’t want to wrap, but anyway, final three questions that I ask every guest. First, I know you just mentioned Warren Buffett, but he also said, on top of not losing money, he said diversification is a hedge against ignorance. So what do you think that means? Is that good or bad? Should people diversify or shouldn’t they?

[00:26:50] Travis Gibson: Okay. I’m going to tell you what I do then I’m going to tell you what I think most folks should do. It’s a little different. I think it depends on the asset class, generally speaking, because he doesn’t just invest in one asset class, right? He invests in stocks. They buy, you know, vacant land, I mean, you know, hedge funds, like they do all kinds of stuff. But at least for me, When I feel like I have enough information, what I’m looking for is the best possible risk-adjusted return and I let that be my guide in anything that I do. For most people, honestly, picking stocks is a horrible idea. They’re going to suck at it. You’re going to watch the market go up, go down, and you’re going to be by your fingernails. It’s not going to work. So for most people, I’m going to be Dave Ramsey here, I’m just going to say, for most people, if you want to invest in the stock market, buy a total market index fund, put the money in, don’t worry about it. VTI or something similar. Put the money in. Don’t worry about it. Now I say that, but for me, from an equity standpoint, probably 90% Tesla, but on a risk-adjusted basis, it makes sense for me. But I also spend a lot of time looking at markets. I spend a lot of time understanding companies. So it’s a little different, but generally speaking, I believe in consolidation within an asset class, but I believe in diversification across asset classes. It’s the reason I’m not a hundred percent in of my total net worth in Tesla. You know, I mean, if you wanted to break it out, I am 75% real estate in some shape, form or fashion either, you know, multifamily, self-storage, senior living, and then you know, equities and notes and, you know, I invest in businesses as well. But generally speaking, to your question, for most people, most people are ignorant. I’m just going to, they don’t spend the time that it takes to truly understand all of the variables in an asset class. So that’s why diversification makes sense. Long answer to a very short question.

[00:28:59] Nicole Pendergrass: Long answer, but that’s very true. Diversification makes sense because people are ignorant and they can learn, but it takes a lot of time and energy to learn, and people don’t really want to do that. Or they have time, they’re spending time on other things. So, but I like that. Okay. All right, next question. You played Monopoly?

[00:29:17] Travis Gibson: Yeah.

[00:29:17] Nicole Pendergrass: Before? All right. Between Baltic or Boardwalk, which property are you buying first in your strategy to win and why?

[00:29:25] Travis Gibson: I want to buy Marvin Gardens. I want to B class asset, but if I have to pick the two, that’s just me.

[00:29:32] Nicole Pendergrass: That is not the question.

[00:29:34] Travis Gibson: I want cash flow and appreciation. But I’m a Boardwalk guy. My risk tolerance, you know, even that at this advanced stage, it’s still relatively high. Like, I structure my overall portfolio in a way where I could heed that need to take risks. And I’m protected by quality assets where there’s not nearly the volatility.

[00:29:57] Nicole Pendergrass: That makes sense. So you buy Boardwalk so you can be risky in other areas ’cause Boardwalk is the same.

[00:30:02] Travis Gibson: Exactly.

[00:30:03] Nicole Pendergrass: Nice. I haven’t heard that answer yet. Good one. I like that. Okay.

[00:30:10] Travis Gibson: You got to know yourself.

[00:30:11] Nicole Pendergrass: That’s very true, very true. Lastly, this is semi newish question, but in your goals for, you know, the immediate future, next year or two, what would catapult your career or your investing objectives the highest? That would kind of just transform or take you to the next level? What would you need to, ’cause you never know, who’s listening. What do you need to get to the next level?

[00:30:39] Travis Gibson: Wow, that is a great question. It’s something I think about a lot. Honestly, it’s part of the reason I started really focusing on raising capital. The one thing I’ve learned, you know, my company, Freeman Equity, you know, we started off as kind syndicators, but we’ve kind of transitioned into more of the private equity capital raising space. So for me, it’s more capital. It’s pretty simple. I think I do a pretty good job at identifying quality assets. So the big thing is obviously the bigger the stick, the harder you hit. The bigger your capital stack, the more leverage you’re able to get. And, you know, it’s like anything else. I think it’s our communities that said you give me a lever big enough and I can move the entire world. So more capital for sure o r access to.

[00:31:26] Nicole Pendergrass: More access too. All right. Perfect. I love it. And finally, how can people reach out to you if they want to take you up on your free trading advice offer or just reach out in general about what you’re doing at real estate or anything else?

[00:31:43] Travis Gibson: I’m everywhere. I’m posting more. Again, I’m getting back on my post cycle, but you can reach me on Facebook at Travis Gibson or Freeman Equity, Freeman Equity on Instagram, Freeman Equity on Twitter, Freeman Equity on TikTok, even I’m even trying to do TikToks now. So yeah, Freeman Equity is probably the best way or, you know, you can hit me at Travis Gibson on Facebook. I have to Take Profits or Don’t group. You can jump in there and ask questions and go from there.

[00:32:14] Nicole Pendergrass: Perfect. Wow. This episode was insane. Thank you so much for joining us and talking with us for so long, taking time out of your busy schedule this evening. So I really appreciate it. I’m so glad you were able to come on.

[00:32:31] Travis Gibson: Thank you for having me. You know what? I wanted to make sure that I didn’t miss this one. So thank you for having me. I really appreciate you doing an amazing, an amazing job. Keep it going.

[00:32:42] Nicole Pendergrass: Thank you. Thank you.

[00:32:43] Travis Gibson: I love the pod.

[00:32:44] Nicole Pendergrass: I appreciate that. Thank you so much. All right, everyone. Well, that is a wrap, and we will see you in the next episode. Thank you for joining us again today. Bye.

[00:32:55] Travis Gibson: Have a good one. Bye.