PassivePockets: The Passive Real Estate Investing Show

This week’s episode features David Shirkey. David invests passively alongside helping run a family business and working to pass it on to the third generation of the family. He’s found conferences and networking helpful with his education in the industry. He’s going to be focusing more on industrial real estate going forward.

With stocks and bonds, although you might get a small dividend, there are limited current benefits. With real estate, you get a current benefit - cash flow - from your investment and you will likely get a future benefit - appreciation - as well. Join Jim Pfeifer and Taylor Loht, the Founder of NT Capital and host of the Passive Wealth Strategies podcast as they discuss the benefits of real estate syndication investing. Taylor talks about the importance of building the mindset of turning money into more money, going to events and joining a Community to build your network, as well as avoiding the pressure to invest in a specific deal. If you want more valuable tips on earning cash flow from real estate investments, this episode’s for you. To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

This week’s episode features David Banks. David has developed into a full-time passive investor through networking, conferences, masterminds, and mentors. He focuses on several items to vet a deal/sponsor, including knowing your own goals, the track record, and other items. Tune in and discover David’s strategy for cash-flowing deals.

Often new passive investors start with a shotgun approach when it comes to sponsors - invest with a lot of different sponsors at the minimum and you do your best to vet each one. That is how Travis Watts, the Director of Investor Relations at Ashcroft Capital, started his passive investing journey. Now that he has a stable of sponsors he knows, likes and trusts - he is investing larger amounts with fewer sponsors. Join Jim Pfeifer as he and Travis talk about investing strategies, sponsor selection, the importance of setting goals and paying attention to the most critical metric in the proforma, Net Operating Income. Tune in for great tips and tricks from a very experience passive investor! To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

This week’s episode features Jon Bult. Jon got into his first passive deal less than a year ago. He has been learning about the business by listening to podcasts and through the network at Left Field Investors. Jon is continuing to expand the asset classes he’s investing in which will include crypto in the future.

You can have as many assets as you want, but they won't do you any good if they aren't protected. In this episode, Brian T. Bradley, Esq. breaks down asset protection and why it’s important to have a comprehensive plan. Brian is the Senior Managing Partner at Bradley Legal Corp, an Advisory Board Member of the Asset Protection Counsel, and is a leading educator and nationally recognized asset protection attorney for high-risk professionals, entrepreneurs, real estate investors, and ultra-high net worth families. With insights from his presentation “Understanding Asset Protection,” he gives business owners and investors valuable and practical tips to guide them on keeping their assets secure, saving on taxes, and avoiding lawsuits. There’s a lot to learn in this episode with host Jim Pfeifer, so grab your pen and get ready to take some notes! To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

This week’s episode features Tyson Miller. Tyson is a full-time passive investor that started out in the IT Consulting space. Tyson has been focusing on diversifying his portfolio with both Left and Right Field investments focusing on multiple asset classes on the passive side. He plans to look outside of the popular asset classes over the next few years to expand his knowledge of the market. To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

To gain financial freedom, you need to have a mindset for a rich life. Jim Pfeifer and Left Field Investors sit with Dr. Tom Burns, the author of the best-selling personal finance guide for people who want to live life to the fullest, Why Doctors Don't Get Rich. Tom shares how he bought the first copy of Robert Kiyosaki’s legendary book, Rich Dad, Poor Dad. This gave him a clear roadmap of how passive income will free you through cash flowing assets. Tom discusses how financial freedom allows you to buy back your time and construct the life you want. Listen to this episode to learn more about having a mindset for a rich life. To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

If you are looking to diversify your investments, this podcast is for you! Left Field Investors is a community of experienced individuals sharing resources and expertise to help their tribe members make informed decisions and take calculated risks. In this episode, Jim Pfeifer shares his journey to passive investing and how the community has played a big role in his success. Tune in and learn how you can grow your network and never have to take the risk alone. To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

The decision to leave the corporate world in favor of a career in real estate is always a difficult one. When you finally decide you are ready and it's time to ditch the W-2, take the leap because there is never a perfect time! This is exactly what Clive Davis did when he left a high-paying corporate job as an attorney to fully embrace real estate investing. He sits down with Jim Pfeifer to share his transition to a full time investor and how he navigates the many challenges this change entails. Clive also talks about the investment community he built where he provides a much-needed forum to share information and inspiration in the multifamily space. Listen in to hear from someone who successfully ditched the W2! To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

How can you insulate your investments from an economic downturn? What do you need to become recession proof? Jim Pfeifer talks about investing, inflation and recession proof real estate with Hunter Thompson, Managing Principal at Asym Capital. Hunter talks about raising capital, multifamily syndications, and why real estate is the real deal. Learn more investing tips and tricks as you build your passive income streams. To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

There are many ways to build and grow your real estate business, but once you get to a certain point, you have to break through your limits. Syndication is one way, and scaling through syndication offers many benefits not only to you, but your partners as well. In this episode, Jim Pfeifer and Left Field Investors talk about growing your investment with Derek Clifford, founder and CEO of Elevate Equity. Derek shares his journey from accidental landlord to scaling real estate investments. Tune in to learn more great insights on how to grow your passive investments. To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

It’s refreshing to see how more organizations are set on generating wealth to give back to society. One of these companies with a mission to fulfill a greater purpose is the Legacy Group. Directed by one of its leaders, Josh Ziegelbaum, the Legacy Group generates value by catering to clients who invest in projects that produce favorable returns and have a positive social and environmental impact on all relevant stakeholders. Josh joins Jim Pfeifer and Left Field Investors to share his goal of targeting profitable investment opportunities for the benefit of everyone in society. Listen in as Josh explains how he and his team leverage the power of capitalism and business creation to serve others as a force for the greater good. To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

With so much happening in the world today, the state of the economy has been messy and unpredictable. Yet, the real estate market is booming. Jim Pfeifer sits down with Eric Sussman, a Founding Partner at Clear Capital, to learn how investors should approach the industry nowadays. They discuss the effects of inflation on real estate and the economy, how to maximize rent increases, and why a lot of deals are able to complete a full cycle much faster than in the past. The two also bring their discussion to global events as they talk about the impact of the rising gas prices due to the Ukrainian-Russian War and China’s attempt to implement a zero-tolerance policy for COVID-19. Tune in to learn more! To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

When it comes to asset protection and the legal side of real estate, a lot of people can run into trouble. Some people use their personal names for their assets, and when things get rough, they end up with nothing. Learn how you can protect yourself with your hosts Jim Pfeifer and the Left Field Investors as they talk to Scott Smith of Royal Legal Solutions. Scott is an Attorney and the Founder of Royal Legal Systems. His goal is to share his knowledge as an Attorney to help real estate investors protect their futures. Learn what a Series LLC is and what a Child Series is. Find the right sponsors and work with the right people. Listen to the conversation to protect your assets ASAP! To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Investing of any form is never a walk in the park. But once you’ve learned the ropes and set the foundations for active investing, passive investments can be easier than you think. In this episode, Sam Wilson, the founder of Bricken Investment Group, shares his expertise on both aspects. Sam is an active investor currently focused on RV parks and RV and boat storage. With his years of real estate experience, Sam understands that the key success factor in passive investing is choosing the right team. He joins Jim Pfeifer to talk about his history of both active and passive investing. Listen in as Sam shares how he got involved and started deploying money into passive assets. To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Everyone wants to have a comfortable retirement, but the problem is how to get there. Passive investing is one tool you can use to ensure you spend your retirement years doing what you love. Jim Pfeifer and Left Field Investors talk passive money with Dan Kryzanowski, Advisory Partner at BV Capital. Dan discusses how to make your 401k work for you, investing in IRA, moving into real estate, and the opportunities in it. Join this discussion and learn some great tips to prepare for your retirement. To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

You don’t need to have 100% knowledge to start investing. All you have to do is imperfect action. Enter Russ Morgan, the Wealth Without Wall Street’s Founder and Partner, famous as “The Idea Guy.” He talks about how you can take action by having a 40% to 70% knowledge range. Do more due diligence if you don’t know even 40% of what you need. Once you have enough knowledge, take imperfect action! Don’t be afraid of failure; they don’t exist. It’s either you learn a lesson, or you succeed. If you want more tips on how to succeed in your investments, tune in! To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Finding enough capital for real estate investments can be a challenge. Once you have the capital, finding the right sponsor often means using your network and asking tough questions - both contribute to the success of your investment. Jim Pfeifer sits down for a discussion on syndication sponsors with Greywhale Capital’s founder and managing partner, Alex Moore. Alex examines what you need to know about reviewing syndicators — from finding sponsors to what you need to ask prospective sponsors. Learn more about the passive investment game by tuning in! To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

You shouldn’t have to choose between cash flow and appreciation. Mobile home parks are becoming quite common investments for real-estate investors. Ryan Murdock, co-founder and strategic advisor to mobile home park syndicator, Open Door Capital, joins Jim Pfeifer to teach us how these assets can often generate more cash flow and appreciation than other multifamily investments. Ryan also talks about leveraging value-add opportunities that enable forced appreciation for mobile home parks. Listen in and learn more as Ryan lets us in on the secret to why he considers mobile home parks recession-resistant assets. To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Are you interested in venturing into real estate syndications through passive investing? Do you think your current knowledge in investing is enough to help you succeed? Come and join us in today’s episode with Aryeh Sheinbein as he shares his more than twenty years of experience in the financial services industry. He describes some of the motivations that different platforms and operators have when presenting opportunities and how this could influence the performance of an investment. Aryeh also discusses some of the popular metrics sponsors use in their investment presentations and the importance of properly analyzing the sponsor prior to making an investment. Stay tuned to learn different strategies and to help you gain a deeper understanding of passive investing! To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Are you sure you're executing the right strategies, or are you willing to learn more? It’s never too late to start diving in and grow your business! In this episode, Robert Levy, founding partner of LPX investments, shares his knowledge on real estate investing, specifically in retail. Robert has been in real estate for 30 plus years. He got a job with a local real estate consulting firm straight out of college and then became an investment banker and a stock analyst. Robert has been involved in many areas of real estate including asset management, finance, multifamily, retail, and hotels - this experience gives him an advantage when determining where to allocate capital. Tune in and find out more! To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Economies worldwide are facing some of the most unpredictable times caused by the pandemic. To help you navigate the economy in the upcoming year is John Horn, Professor of Practice of Economics at the Olin Business School at Washington University in St. Louis. He joins Jim Pfeifer to shed light on the current state of the country’s economy and where it’s headed in terms of inflation. The pandemic has undeniably boggled multiple economies and has had cascading effects with supply chain issues, reductions in the workforce, the wage-price spiral, and more. Tune in as John breaks down and entertains different possibilities for the economy this 2022. To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Agricultural land isn’t a commonly discussed asset class, but that doesn’t mean it’s not valuable. Many investors are betting on the increased value, and profit, that farmlands will bring. In this episode, Jim Pfeifer talks farmland and everything in between with the cofounder and CEO of Farmfundr, Brandon Silveira. Brandon gets into the nuts and bolts of investing in agricultural land, how to add value to your investment, and finding the right crops to support. Want to learn more about investing in farmland? Then tune in for more! To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

When investing, you need to do your research like a ninja - you need to know the market, the industry, and all the factors around your investment. Join your host Jim Pfeifer as he sits down with Cashflow Ninja, M.C. Laubscher. M.C. is the founder of Producers Wealth and Cashflow Ninja. In this episode you will learn how to find sponsors and people you can trust when it comes to investing and hear about some of the different real estate assets M.C. focuses on, such cell tower syndication high cash value life insurance and more. Forget about FOMO and live in JOMO instead! Find what that means as you become a Cashflow Ninja today! To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

In this world, nothing is certain but death and taxes. But what if we tell you there’s a way to get around the latter? Jim Pfeifer talks to Tom Wheelwright, CPA, founder and CEO of WealthAbility and the best-selling author of Tax-Free Wealth, about how to build massive wealth through tax-free strategies that permanently lower your taxes. Tom is a leading wealth and tax expert, global speaker, and entrepreneur. He specializes in helping entrepreneurs and investors build wealth through practical and strategic ways that permanently reduce taxes. Listen in as Tom makes discussing taxes fun, easy, and understandable. To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Do you want to invest but don't know where to start? Join us in this episode with our guest, Denis Shapiro, the Managing Partner at SIH Capital Group LLC, to gain valuable insights on where to start. Denis started investing in traditional stocks at 14. Unlike most investors who focus on specific investment assets, he still looks at both traditional and alternative investments. Now, he is helping people diversify their funds and investments through SIH Capital Group. Denis also wrote the book The Alternative Investment Almanac to share his insights into building wealth. Start building yours by listening to this episode! To see the full show notes and transcript, click here.

There’s no doubt that the benefits of diversifying your assets are numerous, but how do you go about doing it? On today’s show, Jim Pfeifer welcomes Matt Picheny, the Founder of Picheny and a member of the Left Field Investors community. Matt is also the author of Backstage Guide To Real Estate where he shares his journey to earning passive income. Matt focuses on multifamily, diversifying in terms of geography, asset class, or operators. He explains how focusing on one niche allows you to grow in expertise while lowering your investment risks. If you need a more backstage guide to real estate, look no further. Sit back, relax, and enjoy listening to this episode! To see the full show notes and transcript, click here.

What are you looking for when you search for assets? For Lee Harris, the President and CEO of Cohen-Esrey, population growth, job growth, and median income in a one to three-mile radius are vital traits. Cohen-Esrey is a family of companies involved in apartment management, affordable housing, development, apartment acquisition and ownership, tax credit, syndication, and construction. Today, Lee talks with host Jim Pfeifer about why it’s essential to search for assets the programmatic way. When you know what traits are necessary for your assets, you become more intentional with your investments, making the process easier and more effective! Tune in and learn to streamline your search for assets! To see the full show notes and transcript, click here.

Risk is as big a part of investing. So how do you mitigate or minimize risk and maximize your reward? In this episode, that’s the conversation as physician and investor, Ian Kurth, shares his insights with Jim Pfeifer. Ian discusses how he got into investing, the different investment assets he has handled over the years and his take on the Bitcoin craze. Want to learn more about investing from a seasoned investor? Tune in as Ian and Jim share their experiences. To see the full show notes and transcript, click here.

Nathan Clayberg is an Assistant Vice President at MLG Capital. MLG Capital is a private real estate firm that has been in the industry for over 30 years with over 22,000 multifamily units under management. In this episode, Nathan discusses how state taxes impact fund investing, the importance of choosing the right sponsor and what asset classes he favors right now. Nathan talks about why he favors the fund approach rather than a single asset syndication. One of the main advantages he sees with funds is diversification – both in different properties and in different markets. Nathan discusses when investing in a fund, taxes might need to be paid by the investor in each state where the properties in the fund are located. He describes how MLG has a unique way to invest for those with retirement funds or for those who want to avoid the state tax issue – they have a dividend fund that uses a non-traded REIT which reclassifies the income as dividend income. Investors may forgo some depreciation benefit, but they won’t have to file state income tax returns. Nathan talks about the timing of investment in a fund – the benefit of investing early is a higher multiple because you are receiving dividends longer, but later investors have a higher IRR because your capital is returned more quickly. Nathan mentions the asset classes MLG prefers in their fund – mostly multifamily with some industrial. They will look at office and retail but only if the deal has a very compelling story. Nathan talks about importance of sponsor screening and why it’s important to receive regular and comprehensive reports from sponsors. He also mentions the importance of location and comparable rents in the market when evaluating the proforma from the sponsor. Podcasts he recommends: The Real Estate CPA To connect with Nathan, you can email him at [email protected] or click this link. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors’ Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Josh McCallen is a nationally recognized capital syndicator, hospitality investor, turnaround specialist, conference speaker, innovator, builder & developer with a track record for the development of exceptional resort properties and growing world-class operational teams. Josh was also a guest on Episode #2 of the Passive Investing from Left Field Podcast. In this episode, Josh talks about forcing equity through resort investing and service that revives the soul! Josh explains his two companies – Accountable Equity which is investor focused and raises money for investing in resorts and Vivamee which is hospitality focused on the guests that stay in the resorts. Josh mentions that there are three ways to invest with Accountable Equity: an equity position in the resorts, heavy cash flow from Efficient Income Funds (EIF's) which offer a return combined with tax efficiency and notes through a private REIT with a collateralized debt fund. Josh talks about the difference between Marriott and other name brand hotels and resorts operated by Vivamee. He explains that business hotels have really struggled through Covid, but the “drive-to” resorts with lifestyle experiences have thrived through the pandemic. Josh discusses the decision to purchase Airbnb properties nearby to his resort properties and his plans to expand the operation to build additional duplexes or fourplexes to rent to wedding parties. Josh talks about the structure of the equity investments in the resort properties and that cash flow can be expected by year two, capital will be returned within five years and investors will maintain ownership in the resorts. Josh discusses the Efficient Income Fund which is optimized to offer full tax depreciation while also providing a cash-on-cash return to the investor. The EIF allows Josh to buy capital improvements like golf carts and kitchen equipment and rather than leasing the equipment they use the investors’ money to buy these assets and provide a return and depreciation write-offs to investors. Podcasts recommended by Josh: Cash Flow Ninja Bigger Pockets Listen to Josh on his podcasts: Wealth Building with Friends Capital Hacking Efficient Income Fund Webinar Contact Josh and Join his Community at AccountableEquity.com. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Dan Bartholomew is a financial advisor and a beginning passive investor. He invested in his first two deals with a group using Tribevest. He has been listening to the podcast and making a list of questions and agreed to be a guest on the show to get his questions answered – in order to help us all become better investors! Questions asked and answered in this episode: · What is the difference between Cost Segregation and Bonus Depreciation? What is Depreciation Recapture? · What is a Real Estate Professional (REP) and what are the benefits of being an REP? · What is Cash on Cash return and IRR? For ATM’s, Cash on Cash return is greater than IRR in the proforma – why? · What is Forced Appreciation? Is it different from Forced Equity? · What is velocity of money as it relates to passive investing. How can you get your capital returned and still own the asset? · What is a cap rate and why is it important? · When you are new to passive investing and you don't know how to digest all the information a sponsor sends for a deal, what should you focus on? · How do you know if a deal is geared towards cash flow, appreciation or tax advantages? Is it possible to get all 3 in one deal? · What is Economic Vacancy? · What is the Capital Stack? · What is Preferred Return (Pref)? · What is the difference between Class A and Class B shares? · Why would a company like Walgreens or Dollar Tree choose a triple net lease arrangement? · What is Break-Even Occupancy? · What is an acceptable GP/LP split? · What is the Equity Multiplier? · Is there one deal or one mistake that you made that changed the way you invest? Podcasts he recommends: Tim Ferris Jocko Podcast Passive Investing from Left Field If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors' Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Spencer Hilligoss is the CEO & Co-Founder of Madison Investing, a real estate syndicator partnering on over $800M in multifamily and self-storage assets under management. He is both a passive investor and active syndicator with a history in the financial technology industry. In this episode, Spencer discusses matching your investment strategy to your strengths, building your own investing criteria, and understanding the structure and value of the general partners in a syndication. Spencer discusses financial offense and defense. He thought two large W2 incomes was enough but realized that multiple income streams would help insulate his family against the unknown. That’s what he calls financial offense – things like adding income streams and setting clear financial goals. Financial defense is thinking about creating maximum tax efficiency and expanding ones means rather than being completely focused on cutting costs. Spencer explains how his fintech experience helped him prioritize personal finance and to see money as a tool. This perspective also led to his transition from SFH’s to syndications. He also mentions that the operator, the market, and the deal are three critical things to look at for each syndication investment. He mentions that he thinks the strength, structure and experience of the operator are the most important parts to evaluate. Spencer stresses the importance of understanding the structure of the management group and what value each general partner is adding. He recommends third party evaluation of sponsors either through your network or getting references from people who have invested with them before. He discusses the importance of building your own criteria for what is important to you to get from the sponsor. Podcasts he recommends: Old Capital Bigger Pockets Financial Freedom with Real Estate Investing To connect with Spencer, go to www.madisoninvesting.com or LinkedIn. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Liz Faircloth is the Co-Founder of The DeRosa Group, a developer of commercial and residential property with a mission to revitalize urban America. She is also the co-Founder of The Real Estate InvestHER community - a platform to empower women to live a financially free and balanced life on their own terms. She is co-Host of the The Real Estate InvestHer podcast and author of an Amazon Bestseller – “The Only Woman in the Room – Knowledge and Inspiration from 20 Successful Real Estate Women Investors!" In this episode, Liz discusses the importance of transparency from general partners when explaining who is involved in the management of a deal, why being comfortable with the sponsor is key to success and why she started a community for women investors. Liz talks about analyzing your own success so you can let go of what isn’t working. She mentions that she started syndicating in NJ and Philadelphia but markets became overheated so she needed to find new markets. Initially she started investing in Lancaster, PA before moving on to markets in NC and KY. Liz discusses the importance of understanding the focus and strengths of the sponsor and making sure that matches what they are actually doing. She talks about investing in C class neighborhoods and properties and the importance of knowing the market and targeting the assets that meet her investing thesis. Liz talks about being a GP and the importance of the sponsor's transparency regarding who is involved in the deal. She stresses that if a sponsor is vague or evasive about their team then that can be a huge red flag. It should be clear who is on the team and what their role is. Liz discusses the InvestHer Community and why she started a network for women investors. She also talks about how the Community works on building each other up and helping women grow confidence in their investing. Podcasts she recommends:The Real Estate InvestHer Show Brene’ Brown Podcast To connect with Liz go to www.derosagroup.com or therealestateinvesther.com. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Peter Badger is the Chief Strategy Officer at Farmfolio. Their mission is to make farmland ownership easy for everyone. Peter has been an avid real estate investor for years and educator with a current focus on overseas farmland. In this episode, Peter discusses why overseas farmland is a worthy investment, how it works and why the returns are better than U.S. farmland. Peter talks about multifamily and overseas farmland – the two asset classes which thrived for him during pandemic. He also discusses the importance of real assets because the stock market is so cyclical and the benefit of investing in farmland as an asset class that is completely non-correlated to other assets. He mentions that the core of his wealth is in real assets like multifamily and farms. Peter talks about his multifamily portfolio and the why he still invests in apartments but has now changed his focus to farmland as he can have more control and no tenant related risks. He mentions that many high wealth people have up to 25% of their wealth in farms and forestry. He likes the Farmfolio approach because the farms are managed in the entirety but can be broken into individual lots and can be sold individually and managed under a Farm Owners Association. The returns are combined with all plots on the farm, so you get the average of the whole farm rather than just from your plot. He also mentions that there is a secondary market for the farms, so you can sell a performing farm plot to a new investor. He explains that farmland and labor in the United States are more expensive than overseas which lowers returns significantly. There are also improvements that can be made to the land and processes because many overseas farms are not as sophisticated and the farmers don’t have the expertise to export to the U.S. where they can get higher prices for their products. Peter talks about the importance of choosing the right country, making sure that you understand the property rights, how to take title, foreign ownership rules and capital controls of money coming in and leaving the country. He also discusses how to analyze the deal, concentrating on sponsor, market and asset class. Podcasts he recommends: Old Dog Real Estate Podcast Risk Matrix he mentioned can be accessed here: https://tinyurl.com/farmlandanalysismatrix To connect with Peter email him at [email protected] or go to www. farmfolio.net. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Ivan Barratt is a multifamily owner, manager, and syndicator who specializes in large apartment communities in the Midwest. Since 2015, he has raised nearly $150 million in equity and acquired over 5,000 multifamily units. Today, Ivan focuses his time on equity finance, acquisitions, and company strategy. His company, BAM Capital, manages nearly $593 million in syndicated assets. In this episode, Ivan discusses why he prefers multifamily apartments, why structuring debt effectively is critical and how a refinance with infinite returns might not be the best way to increase returns. Ivan talks about the strength of multifamily in the current market and the risks of both inflation and deflation. He discusses the difference in debt structures, the importance of properly structured bridge debt and efficient long-term debt. Ivan talks about the benefits of selling an asset rather than refinancing and why the infinite return model may be less effective than selling an asset and recycling the funds into a new deal. Ivan discusses why he prefers a fund model rather than an individual asset investment and why a fund is better for the sponsor and the investor. Ivan explains how to analyze a sponsor who is managing a fund and importance of finding a fit between investor and fund manager and if there is no fit. It’s ok for both parties to move on. He also talks about the importance of referrals when analyzing a sponsor. Podcasts he recommends: Real Vision To connect with Ivan, go to https://capital.thebamcompanies.com or call him at 317-762-2625. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Tania Mirchandani is the Vice President of Capital Markets at Clear Capital. She worked in wealth management for nearly 15 years at Goldman Sachs. She has been involved in multifamily real estate management, operations and acquisitions for 5 years and she joined Clear Capital at the beginning of this year. In this episode, Tania talks about the importance of trust and confidence in a sponsor, the different information needs that individual investors have and some important deal metrics to analyze when reviewing a deal. Tania talks about the illiquidity of syndication investments and the importance of general partners investing in their own deals. Tania explains the importance of trust and confidence in people you are investing with and how that trust can be transferred through referrals and word of mouth. She also talks about different investors and their needs for depth of information when they are reviewing deals. She encourages everyone to figure out how they want to pursue an investment opportunity and to get comfortable with whatever level of information they need before investing. Tania mentions some of the metrics that are important to her when analyzing a deal. Podcasts she recommends: Focus On Facts Super Soul To connect with Tania go to www.clearcapllc.com or email her at [email protected]. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Whitney is a real estate investor and personal finance trainer working to help others on their path towards financial independence. She is the founder of ASH Wealth and the Investor Accelerator Program which helps investors develop a plan to reach their real estate and financial goals. Today, Whitney is a partner in $700M+ of real estate assets, including 5,000+ residential units (SFR, MF, MHP, and assisted living) and 1,430+ self-storage units. She has been a guest on multiple podcasts, including Bigger Pockets Episode #340. In this episode, Whitney discusses managing your investments like a business, the five wealth centers of real estate and recycling money with velocity to grow your business. Whitney talks about the importance of the equity build and accumulation phase to build capital. For those starting out with a small amount of money, she recommends starting with single family homes, but if you have significant capital to start, you can leverage other people’s expertise and invest in other their deals through syndications. Whitney discusses the wealth centers of real estate – cash flow, leverage, tenant paydown, inflation reducing the debt, depreciation and tax benefits of real estate. She also talks about the BRRR (buy, rehab, rent, refinance, repeat) method vs turnkey investing and relates it to return on time. She talks about an investor’s need for capital, time or hustle and depending on which of those you have, that can guide the investing strategy you choose. Whitney mentions the importance of treating your passive investing as a business that you are building and talks about the benefits of qualifying for the real estate professional status. Whitney discusses the 1031 exchange compared to the “Lazy 1031” and some of the challenges of the standard 1031 as it can force you into a transaction that might not fit your overall business strategy. Whitney talks about velocity of money, which means putting cash flow back into the business to produce more cash flow to grow your business at an exponential rate. Whitney discusses the evaluation of a sponsor and some of the red flags she looks for when vetting a sponsor as well as some deal metrics that are critical to her in evaluation of a deal. Podcast she recommends: Get Rich Education To connect with Whitney you can email her at [email protected] or go to www.ashwealth.com. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Jeff Anzalone is the Debt Free Doctor. He is a periodontist and became concerned that his family only had one source of income – so he learned how to build multiple streams of passive income and now he is helping others to learn as well. In this episode, Jeff discusses how he started learning about finance from Dave Ramsey and then moved on to learn from Robert Kiyosaki, how he screens sponsors and the importance of taking action. Jeff talks about his research that showed him that 90% of millionaires own real estate and have at least seven different income streams. This led him to determine he needed real estate and needed more than his paycheck as an income stream. Jeff mentions how he followed Dave Ramsey early in his journey and it helped him get out of debt and how he moved beyond Ramsey and the scarcity mindset to an abundance mindset that led him to real estate syndications. Jeff discusses the three things he always asks sponsors when he is on a call screening an operator. He also mentions the importance of taking action – if you never take action you will never move forward. Jeff explains how after the initial stages of the pandemic, hotel values dropped and he took advantage of the market conditions to invest in several hotels and through this he learned the value of being opportunistic. Jeff also talks about some of the important metrics he looks at when evaluating a multifamily deal. Podcasts he recommends: Passive Investing from Left Field Cardone Zone Podcast Wealthability Videos Jeff recommends during the podcast:Hotel Investing Explained (Part 1) Hotel Investing Explained (Part 2)How to Legally NOT Pay Taxes - Tax Free Wealth Jeff mentions The Ultimate Passive Income Guide and recommends The Hands-Off Investor by Brian Burke. To connect with Jeff, you can email him at [email protected]. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Kathy Fettke is the CEO of Real Wealth Network, host of the Real Wealth Show and author of Retire Rich with Rentals. She helps people build wealth with cash flowing real estate through single family rentals, syndications and more. She has grown an amazing network and built a great Community and shares our focus on networking and education. In this episode, Kathy talks about how she got started in real estate, the value of quality property management and the power of a network and community. Kathy talks about how she got started in real estate through creative house hacking followed by monetizing her radio show in an unexpected way and how that eventually grew into the business she has today. Kathy mentions booking Robert Kiyosaki on her radio show and that led to him recommending she get out of some of the overpriced markets and start buying in Texas. She followed his advice, as did her growing community, and they not only made money in Texas but avoided losing money when the over-priced markets tanked. Kathy discusses taking advantage of opportunities in a down market and buying assets when most people are fearful. She also talks about property being overvalued now in some areas, but that doesn’t mean there isn’t still opportunity out there. She discusses demographics and the effect that will have over the next few years which leads her to markets in the Southeast. Kathy talks about single family turnkey operations and the importance of understanding that means different things to different people and it’s essential to get on the same page as those you are doing business with. To accomplish that, she established guidelines for all of her operators so that her network gets a similar experience regardless of the operator or market. Kathy discusses property management and its importance to the bottom line for all real estate - “Success of your real estate depends on your property manager”. Kathy mentions that there are ways to get started with limited funds and that wealth can grow steadily through investing in real estate on a regular basis. She also talks about the network effect and how pushing her providers to share information has improved the performance for everyone. She discusses how the strength of a network is to find problems early and share in the solutions as well as to help each other find opportunities and the importance of learning from each other and using the leverage of a network. Podcasts she recommends: Real Wealth Show Real Estate News for Investors New Home Insights Podcast To connect with Kathy go to www.realwealthnetwork.com. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

For this episode, we are releasing our exclusive MASTERCLASS on building wealth through passive Real Estate. In this 9-part MASTERCLASS, passive investing expert Jim Pfeifer, founder of Left Field Investors, sits down with Tribevest's Julian McClurkin. Jim reveals how to put your money to work through strategies that only recently became available to the average investor. Millions of people are wisely reallocating their recent gains from the stock market (and Crypto!) and diversifying to tangible assets. Real Estate is the perfect asset to protect against market crashes and inflation. It's no wonder this tactic is how the wealthy have played the game for centuries. We covered the following chapters in the previous episode:1. What is Passive Investing?2. What is a Syndication?3. What are the Pros and Cons of Passive Syndications?4. How to Pick a Sponsor The following chapters will be discussed in this episode:5. How to Pick an Asset Class6. How Can You Diversify by Market?7. How Do We Choose a Deal?8. What to Expect When Investing in a Syndication9. How to Invest With a Tribe These topics will be familiar to many of you, but the intent of the masterclass is to give an overview of passive investing that will hopefully help beginners as well as experienced investors. We want to thank Tribevest, and especially Julian McClurkin, for supporting us in the production on the Masterclass. We would also like to thank the entire LFI team, Chad, Sean, Ryan & Steve, for their help in creating the content - we certainly could not have done it without them! If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

For this episode, we are releasing our exclusive MASTERCLASS on building wealth through passive Real Estate. In this 9-part MASTERCLASS, passive investing expert Jim Pfeifer, founder of Left Field Investors, sits down with Tribevest's Julian McClurkin. Jim reveals how to put your money to work through strategies that only recently became available to the average investor. Millions of people are wisely reallocating their recent gains from the stock market (and Crypto!) and diversifying to tangible assets. Real Estate is the perfect asset to protect against market crashes and inflation. It's no wonder this tactic is how the wealthy have played the game for centuries. We will be covering the following chapters in this episode:1. What is Passive Investing?2. What is a Syndication?3. What are the Pros and Cons of Passive Syndications?4. How to Pick a Sponsor The following chapters will be discussed in next weeks episode:5. How to Pick an Asset Class6. How Can You Diversify by Market?7. How Do We Choose a Deal?8. What to Expect When Investing in a Syndication9. How to Invest With a Tribe These topics will be familiar to many of you, but the intent of the masterclass is to give an overview of passive investing that will hopefully help beginners as well as experienced investors. We want to thank Tribevest, and especially Julian McClurkin, for supporting us in the production on the Masterclass. We would also like to thank the entire LFI team, Chad, Sean, Ryan & Steve, for their help in creating the content - we certainly could not have done it without them! If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Chad Ackerman is a senior consultant working for a major bank as well as one of the co-founders of Left Field Investors. He has been a major contributor to the development of all of the Infielder tools we have been developing this year and is working towards his goal of financial freedom. In this episode, Chad discusses how he got started in passive investing, using velocity of money to increase his returns and why he uses Tribevest for group investing. Chad talks about how he started in real estate with private lending and then started chasing the shiny object, as so many of us have. He discusses how his networking with multiple groups has helped him on each step of his journey – including how networks helped him find focus in his investing strategy. Chad explains that using velocity of money in passive investing can be as successful a strategy as managing your own active real estate portfolio. He gives an example of this when you get a refi 2-3 years into an investment - you still own the investment and you can go invest the returned capital in a new deal, effectively earning two returns with the same dollar. Chad talks about his decision to liquidate his old 401k and pay the taxes plus penalty so he could invest that money passively in real estate syndications. He explains how he expects that money to be recycled and grow so that he won’t need to add more capital in the future. Chad discusses his experience with group investing through Tribevest. He says Tribevest increased his network, helped with diversification, and helped him learn to be a better investor. He also talks about how to set up a tribe for success. Chad ends the podcast talking about his favorite metrics when analyzing a multifamily deal and how those metrics have changed as he has grown as an investor. Podcasts he recommends: Bigger Pockets Real Estate Guys Passive Wealth Strategy To connect with Chad, you can email him at [email protected]. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Jorge Newberry is CEO and Chairman of AHP Servicing LLC and American Homeowner Preservation LLC, which crowdfund the purchase of nonperforming mortgages from banks at big discounts, then share the discounts with struggling homeowners. He is also Founder and CEO of Debt Cleanse Group Legal Services, a nationwide legal plan to help consumers and small businesses get out of debt. In this episode, Jorge discusses his rise and fall in multifamily investing and how he got out of debt and started new businesses that make money for investors and help homeowners in financial distress. Jorge discusses his two new investment opportunities which are similar to his previous fund where they buy loans from banks and help the homeowners stay in the home be restructuring the mortgage. Podcasts he recommends: Wealth Formula Jorge mentioned his book "Burn Zones", you can buy the book using this link. To connect with Jorge or to view his investment opportunities go to prereo.com or ahptitle.com. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Christopher Saylor is the founder and Managing Partner at Pikes Peak Capital, which manages high-return distressed real estate funds. Pikes Peak Capital buys and sells single-family residential real estate across the nation and provides a path to homeownership for low-to-moderate-income individuals. They typically look for opportunities others dismiss as too difficult or too different and have managed 4 funds with over $10M in transactions in 36 states. In this episode, Christopher discusses how Pikes Peak buys distressed properties and help homeowners stay in their homes while providing quality returns to investors. Christopher talks about his first two funds and the strategy of buying low value single family homes that banks are not typically interested in. The firm sells the properties to low to moderate income home buyers who are often locked out of financing from banks. Pikes Peak will help them with the financing rather than the buyer going through a traditional bank and then sell the paper on the secondary market. Christopher discusses how Pikes Peak sets up automatic screens to filter thousands of properties to find the ones they want to perform additional due diligence on. He talks about the original plan of doing all property evaluation in a spreadsheet but realized the team also need to visit the properties which they do through using services who perform this function for them. The third fund – RDMO (Residential Distressed Mortgage Opportunity Fund)– focuses on assets from $100,000 to $750,000 and the source of acquisition is both pre and post foreclosure and NPL (non-performing mortgages). The strategy for nonperforming mortgages is to work with the borrower to find a mutually beneficial solution. After the loan is rehabbed, Pikes Peak sells the loans on the secondary market. If they can’t work out the loan with the borrower, cash is offered for deeding the property and if that doesn’t work they go through the foreclosure process or resell the loans on the non performing secondary market. Christopher discusses Home Ownership As A Service – Pikes Peak extends financing to the borrowers and tries to ensure the borrowers are set up for success while providing financial counseling, and offering to buy the houses back from struggling borrowers. Podcasts he recommends: Money Talks The RobCast To connect with Christopher, email him at [email protected] or call or text 719-659-4576. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Bob Fraser is the Co-Founder & Principal at Aspen Funds, a residential mortgage fund. He worked in tech and in the stock market before starting his notes investing fund eight years ago. In this episode, he talks about investing in notes, his outlook for the economy, why he is not concerned about inflation and ends with a discussion on Bitcoin and cryptocurrencies. Bob explains that buying notes is just buying mortgages on real estate. He talks about Aspen funds and how they focus on notes on single family homes. Bob discusses the difference between performing notes and non-performing notes. He explains that when they buy non-performing notes, they rehab the loans and once It’s performing again, they sell the paper. Bob talks about the note underwriting process and why they prefer second position mortgages when they are available. He also discusses the market for re-performing loans and how they find the loans to buy. He then talks about the pandemic and how it did not have a large effect other than causing many people to pay off loans early. Our discussion turned to the economy and Bob explains that he sees a “screaming” economy for the rest of 2021 and 2022 depending on the reactions of the Federal Reserve. He is not concerned about inflation because the economy is coming up to full capacity and discusses the factors that have prevented inflation in the past even through the massive money printing and how it expects those trends to continue. Bob explains why wages, oil and food have deflationary forces that are helping prevent inflation. Bob discusses how he changed his views on money and is now a believer in Modern Monetary Theory (MMT). He mentioned that he is not concerned about government deficits because those have historically been reduced and eliminated by inflation. Bob ends the conversation talking about cryptocurrencies and why he prefers Ethereum to Bitcoin and other altcoins. He also discusses proof or work versus proof of stake. Podcast he recommends: Invest Like a Billionaire To get access Bob’s comprehensive 2021 Economic Forecast go to www.aspenfunds.us/resources. Bob mentions the following book:This Time Is Different: Eight Centuries of Financial Folly To connect with Bob go to www.aspenfunds.us. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Paul Moore is the Founder & Managing Partner of Wellings Capital, a real estate private equity firm focused on mobile home parks and self-storage facilities. He is an author, podcaster, a regular contributor to Bigger Pockets and an experienced real estate investor. In this episode, Paul talks about forcing appreciation, speculating versus investing, and some of the metrics he looks at for mobile home parks and self-storage facilities. Paul talks about forcing appreciation and compressing cap rates as reliable ways to increase the value of an investment. He explains what a cap rate is and how it works when forcing appreciation. He describes commercial real estate investing as buying an income stream and working to increase the income. Paul talks about his decision to move from multifamily to self-storage and mobile home park investing because he saw there was significant undervalued opportunity in those asset classes. He likes asset classes with mom-and-pop owners because a good operator can dramatically increase efficiencies. He estimates around 85% of mobile home parks and 50% of self-storage facilities are owned by mom-and-pop owners. Paul discusses how he diversifies by operator, asset class and market, as well as how he does due diligence and vets operators. He also talks about the advantages and disadvantages of investing in funds. Paul talks about the difference between in investing and speculating – investing is when principal is safe with a chance to make a return. Speculating is when principal is not safe and there is a chance to make a return. Paul discusses some of the metrics he looks at when evaluating a deal. For self-storage – he looks at the density of self-storage in an area, requires the property to be on a main road and visible from the road, and the average income for the area should be equal to average income near the facility. For mobile homes – he only looks at parks in a town with 5000 or more people, within five miles of a Super Walmart, and no private water or sewer. Podcasts he recommends: The Real Estate Guys Radio Show Bigger Pockets Bigger Pockets Business Books mentioned on the show: Storing Up Profits: Capitalizing on America’s Obsession with STUFF by Investing in Self-Storage The Hands-Off Investor Paul mentions his work fighting against human trafficking, below are the educational resources he recommended: Nefarious Exoduscry.com To connect with Paul go to wellingscapital.com. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Gino Barbaro is one of the founders of Jake & Gino, LLC – a real estate education company. He is a principal at Rand Partners, a multi-family syndication company and a certified professional coach as well as an author and podcast host. In this episode, Gino talks about the importance of mindset, how to evaluate a sponsor and some of the metrics he uses when evaluating a deal. Gino talks about the importance of educating yourself and having the right investing mindset – if you think you can do it, you can. He mentions he took life-coaching classes and it helped him understand you need to find your Why and your How will come. Gino talks about how he transitioned from buying multifamily assets without using outside money to building a brand and raising capital. He discussed the importance of finding a sponsor you know, like and trust. He also mentions that to vet a sponsor you need to do the work and evaluate their track record, their business model, their reputation and maybe even go visit them and see properties they own. Gino tells the story of the poor vetting he did when investing with a guy he calls Maserati Mike. He also discusses the Howey Test and explains how that test applies to syndications. He goes on to say some of the metrics he thinks passive investors should evaluate when considering a multifamily syndication investment. Gino talks about how cashflow gets you out of a W2, but appreciation keeps you out. This is an important factor to consider when analyzing a sponsor and a deal. Gino is a reader rather than a listener, but below are the podcasts from the Jake & Gino Community: Wheelbarrow Profits Movers & Shakers Rand CRE Show Multi-Family Zone Books he recommends: Vivid Vision by Cameron Herold Seven Habits of Highly Effective People by Stephen Covey Mindset by Carol Zweck To connect with Gino, you can email him at [email protected]. To get a copy of Gino's e-book, How To Share the Benefits of Multifamily Investing to Create Financial Independence, send him an email to [email protected]. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Buck Joffrey is a surgeon turned real estate professional with nearly $1 billion in real estate transactions including $400M in current real estate assets under management. He is also a financial educator focused on alternative assets. He runs a fantastic Community called the Wealth Formula Network and is host of the Wealth Formula Podcast as well. In this episode, Buck talks about the keys to forcing equity, investing in multifamily, self-storage and ATMs, and how to vet a sponsor. Buck talks about how good students usually stay on the career path rather than become entrepreneurs and he was on that track until he discovered Cash Flow Quadrant by Robert Kiyosaki. That book helped him realize he wanted to be an entrepreneur and he followed that path which led him to real estate. Buck discusses that the focus of his multifamily investing is not to “buy and hope”, rather to buy and force equity by increasing net operating income. He mentions that the math is simple, but you need a great operator to make it actually happen. He talks about Western Wealth Capital and their strategy to force equity and they prefer properties that are significantly underperforming which gives them plenty of room to force appreciation and provides velocity of money for investors. Buck talks about self-storage and how the strategy of forcing equity applies there too – he mentions buying underperforming “mom & pop” properties that haven’t kept rent up or have space to build more units to add value to these businesses. He also mentions that it is sometimes easier to increase rents because the rents are lower in dollar terms than multifamily. Buck discusses ATM’s and why they are a good investment, but not a replacement for real estate investing. The cash flow and returns are good, but the bonus depreciation is what makes the ATM investment really attractive. He also discusses using life insurance cash value or a HELOC to amplify the returns from ATM investments. Buck talks about how to vet a sponsor and investing with sponsors that you know, like and trust who have a legitimate track records. He also talks about bridge debt and in what situations he would use it. Podcasts he recommends: Wealth Formula Podcast Lex Fridman Podcast The Portal The Wealthabilty Show Purple Insider To connect with Buck go to wealthformula.com. If you would like to contact Jim Pfeifer, you can email him at [email protected] or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.