If the idea of managing tenants and fixing leaky faucets doesn’t appeal to you, passive investing might be your ideal way into real estate. In this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Jim Pfeifer, former founder of Left Field Investors, now known as PassivePockets. Jim has years of experience as a limited partner in syndications and co-hosts the PassivePockets podcast, where he helps others learn how to build wealth through passive real estate strategies.
Jonathan and Jim delve into the origin story of Left Field Investors and its evolution into PassivePockets, a community dedicated to helping people navigate passive real estate investing. Jim shares why he chose passive investing over being a landlord, highlighting the freedom it offers and the importance of thoroughly vetting operators before committing capital. He also emphasizes the illiquid nature of these investments, the value of relying on experts, and how personal referrals often result in better deals than cold outreach.
You’ll hear more from Jonathan and Jim about:
- Jim transitioned to passive investing after realizing that the stress and hands-on nature of active property management didn’t align with his goals.
- He believes vetting operators is the most important part of syndication investing and now relies on trusted recommendations.
- Jim has learned to adjust his expectations around syndication timelines, understanding that these investments are often illiquid and longer-term than advertised.
- He values personal referrals from his investing network more than cold leads because they offer better insight into how an operator performs.
Jim Pfeifer has years of experience in the passive investing world, and you won’t want to miss his expertise on this popular asset class.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/236/.