Diversification is a cornerstone of real estate investing success, and Jeremy LeMere has built his career around it. In this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Jeremy, Co-Principal at Navigator Wealth Management, about his career in real estate. Starting with flips and moving into apartment investing, Jeremy expanded his approach in 2018 by passively investing in out-of-state properties, providing hard money loans, and syndicating across various asset types.
Jonathan and Jeremy start their conversation by discussing the value of diversification in real estate and the importance of walking away from deals that don’t align with your portfolio goals. Jeremy shares insights from his journey, including why he held onto his W2 job for so long, creating win-win deals, and scenarios where the BRRRR method might not be ideal. He reflects on some property regrets, reveals his current favorite asset class, and explains where he’s investing today. Jeremy also shares the premise of Navigator Wealth Management, breaking down mezzanine debt, the role of insurance in real estate deals, and the advantages of working with RIAs.
Jeremy LeMere shares more with Jonathan about:
- Having a diversified portfolio means reduced volatility and risk.
- Diversifying can mean different things, including geographical, asset classes, and active and passive investment roles.
- Diversifying a portfolio is not without its challenges, but mitigating risk with diversification is beneficial.
- Wealth funds offer structure, professional management, and a potential for higher returns.
Wealth funds can be a great way to increase returns while diversifying your portfolio. Jeremy LeMere outlines the advantages and challenges of this investment vehicle.
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