Jeremy Roll is a full-time passive cash flow investor. What does that mean? Well, he spends his time vetting operators, studying economic trends, and seeking passive deals. Jeremy is admittedly an ultra-conservative passive investor. Today, he shares his approach to being ultra-conservative and what he seeks in passive investing opportunities across different asset classes.
Partner: Get Your Early Bird Tickets to the Midwest Real Estate Networking Summit
Key Market Insights
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Was seeking predictability for long-term retirement account
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Left the corporate world from Disney, Toyota and GM after 10 years
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Full-time ultra conservative passive cash flow investor
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Biggest challenge is finding opportunities and all of the opportunities come from networking – use meetup.com or biggerpockets.com
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If accredited, you can go on crowdfunding websites to find investment opportunities
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Review the legal documents and ensure they are fair terms
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Spend a lot of time to get to know the operator, do background checks
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Find someone who will under promise and overdeliver on those assumptions
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Avoid someone using aggressive assumptions in their underwriting
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Invest in most asset classes across the country
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When investing in senior living facilities, you want a location that will have demand for retirees – if seeking private pay, you need robust incomes
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For mobile home parks, seeking people looking for affordable housing and nearby jobs
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Good to be in a market that has seen an increase in population and economy over the last 5 years and the next 5 years
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If targeting Class A properties, you need to determine supply in the market
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Avoid where people can’t afford Class A or trade down to Class B
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Class C, want to pay attention to the stock of Class B and understand the stock
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Watch out for structural obsolescence like lower ceilings
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Likes Class B as it’s nicer than Class C and you can get people to trade down from Class A
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Self-driving cars and robots – how will this impact employment in your area
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Avoids markets with population decline, single employers, low income / public pay,
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Will happily invest in self-storage facilities in Florida as there are not much damage with no windows
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Earthquake insurance is so expensive in California that most people don’t bother to get it
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Seeks deals that are 10% below true market value
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Investing in ATM machines and mobile home park portfolio
Partner: Be sure to check out the #InvestThis Podcast with Scott Bower
Bull’s Eye Tips:
Winning Your Market: Networking
Tracking Market Changes: Starts with a new analysis, begins with Wikipedia and Census data
Daily Habit: Prepares for each day, the day before
Resources:
Best Business Books:
Rich Dad, Poor Dad and Cashflow Quadrant by Robert Kiyosaki
Digital Resources
Schedule Once
Tweet This:
“What’s more important than the property or opportunity? The operator.”
“Don’t invest until you understand how to review it properly.”
Places to Grab a Bite:
West Los Angeles – California Chicken Cafe
Connect with Jeremy:
Email:
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