In today’s episode of The Art of Passive Income, Mark and Scott talk with Jeremy Roll—an active real estate and business investor for over 15 years. Jeremy left the corporate world in 2007 to become a full-time passive cash flow investor and is currently an investor in more than 70 opportunities across over $500 million worth of real estate and business assets.
As Founder and President of Roll Investment Group, Jeremy manages a group of over 1000 investors in the US and Canada who seek passive managed investment solutions from real estate and businesses.
Jeremy also co-founded For Investors By Investors (FIBI)—a nonprofit organization in 2007 with the goal of networking with, learning from, and helping other investors. FIBI is now the largest group of public real estate investor’s with over 23,000 members. Jeremy is a licensed California real estate broker for investment purposes only, has an MBA from The Wharton School, and is an advisor for Realty Mogul the largest real estate crowdfunding website in the US.
Between anticipating the economic downturn and not seeing eye-to-eye with management at the large company he worked for, Jeremy left the corporate world in 2007 to pursue passive cash flow investing full time which was a big step for a low-risk taker who is all about predictability! But, because he had spent the previous several years moving his money from stocks and bonds after the dotcom crash into passive cash flow, he had built up enough passive cash flow to live off of, minimizing the risk.
Jeremy’s focus is on low-risk, highly stabilized passive cash flow opportunities. He does not believe in putting all of his eggs in one basket and invests across multiple types of asset classes, including:
- Commercial and residential real estate
- ATM machines
- Cash flowing websites
- Startups
Listen in as Jeremy shares his philosophy behind predictable cash flow, why he invests in syndications, and why his diversification is across these three components:
- Asset-Class
- Geography
- Operator
Find out why each is critical when choosing an investment.
My cash flow philosophy is that I’m really low risk and I try to match that with my personality and I also try to look for predictability. I mentioned that I started rotating my money from stocks and bonds in 2002 into cash flow. The reason why I did that is because after watching the dotcom crash, what really bothered me was twofold—One, obviously was the volatility. I’m the really low-risk guy watching the market go up and down 30% a year, it was just not the right fit for me. But more importantly and less obvious was just a lack of predictability. So, in other words not knowing where my retirement account would be in a year, 10 years, 20 years just did not work well for me as a retirement strategy and that’s what motivated me really the most probably to rotate into more predictability.
Plus, find out the worst advice he has seen given in his area of expertise, and his best or most worthwhile investment.
TIP OF THE WEEK
Mark: Email Jeremy at jroll@rollinvestments.com. Get the details of how Jeremy does what he does.
Scott: Read the book, Barking Up the Wrong Tree: The Surprising Science Behind Why Everything You Know About Success Is (Mostly) Wrong by Eric Barker. It challenges the conventional wisdom that you think you know and puts it to the test and is balanced back with science.
Jeremy:
- Read the books, Rich Dad Poor Dad and Cash Flow Quadrant both written by Robert Kiyosaki. It is recommended to read them in that order. For those who are new to investing or new to general passive cash flow investing or just looking for a change of mindset over the stock market, these are two books to frame a change of mindset.
- ScheduleOnce – an online scheduler; they sink into your calendar real time, you’re able to allocate certain times automatically to them, and it saves a tremendous amount of time.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?