How to Lessen Your Risk As A Passive Investor with Jeremy Goodrich | 628

Jeremy Goodrich is a passive investor in the alternative investment space and he has helped many commercial real estate investors manage risk and get clarity about their strategy. He is the owner of Shine Insurance, he’s also the host of the REI Clarity podcast, and he is here to help us learn more about lowering risks as a passive investor.

Key Talking Points of the Episode

[01:48] Listen to Simple Passive Cashflow!
[02:31] Who is Jeremy Goodrich?
[03:20] What is Jeremy’s background?
[04:11] How did Jeremy get involved in real estate?
[05:15] What is the biggest factor in calculating investment risks?
[06:08] What is the biggest risk when you invest passively?
[07:29] How can someone determine the red flags?
[08:31] How do you find the right operators to work with?
[10:09] Why is it important to know how operators treat their tenants?
[12:29] What else can people do to vet out a deal or operator?
[14:03] How can you evaluate deals based on the fees they’re charging?
[16:45] Is it a good idea to enter a deal that banks on appreciation?
[17:49] What is Jeremy’s advice to those who are interested in passive investing?
[18:51] Where can you find Jeremy?

Quotables

“I really tried to never lose the teacher. Just like, how can I educate about whatever it is we’re working on and early on in my insurance journey, I really focused on real estate.”

“I started helping first-time home buyers, not just with the insurance piece, but with the entire home buying process.”

“I’m sure your listeners have heard on this show many times that it is all about the operator when you’re looking to invest passively in commercial real estate.”