Mar 26, 2019
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’s 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: jroll@rollinvestments.com
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check out more info at TargetMarketInsights.com.