Why Red River Is Building 206 Rental Homes in Waco, Texas

PassivePockets: The Passive Real Estate Investing Show · Aug 11, 2026 · 37m

This Episode

Ryan and Steven Watts of Red River Development join Chris to break down the build-to-rent market, why Red River focuses on secondary markets, and how recent housing legislation could reshape the future of single-family rental investing.

Ryan and Steven share how their backgrounds in energy, banking, construction, development, and property management led them to launch Red River in 2020, right as COVID was reshaping housing demand and capital markets. Since then, the company has grown to more than 2,200 units and roughly $690 million in assets under management, with a focus on…