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
Was seeking predictability for long-term retirement account
Left the corporate world from Disney, Toyota and GM after 10 years
Full-time ultra conservative passive cash flow investor
Biggest challenge is finding opportunities and all of the opportunities come from networking – use meetup.com or biggerpockets.com
If accredited, you can go on crowdfunding websites to find investment opportunities
Review the legal documents and ensure they are fair terms
Spend a lot of time to get to know the operator, do background checks
Find someone who will under promise and overdeliver on those assumptions
Avoid someone using aggressive assumptions in their underwriting
Invest in most asset classes across the country
When investing in senior living facilities, you want a location that will have demand for retirees – if seeking private pay, you need robust incomes
For mobile home parks, seeking people looking for affordable housing and nearby jobs
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
If targeting Class A properties, you need to determine supply in the market
Avoid where people can’t afford Class A or trade down to Class B
Class C, want to pay attention to the stock of Class B and understand the stock
Watch out for structural obsolescence like lower ceilings
Likes Class B as it’s nicer than Class C and you can get people to trade down from Class A
Self-driving cars and robots – how will this impact employment in your area
Avoids markets with population decline, single employers, low income / public pay,
Will happily invest in self-storage facilities in Florida as there are not much damage with no windows
Earthquake insurance is so expensive in California that most people don’t bother to get it
Seeks deals that are 10% below true market value
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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