PassivePockets: The Passive Real Estate Investing Show

2026 Game Plan, Debt vs. Equity, Rate Cuts Reality

14 snips

Dec 2, 2025

The hosts dive into their personal portfolio updates, discussing a 30% capital return and an unfortunate loss linked to the DJE/Ascent situation. They explore the limited impact of recent Fed rate cuts on long-term debt and predict a gradual increase in market distress by 2026. A key focus is setting strategic financial goals for the coming years, including a shift towards a balanced debt-equity approach. They also introduce new tools for updating sponsor reviews, enhancing members' engagement and accountability.

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ANECDOTE

Return From Aspen Industrial Sale

Jim received a significant return of capital after Aspen Funds sold one of two industrial buildings.
He invested via tribes and emphasized how rare equity returns feel in the current market.

ANECDOTE

Loss From DJE/Ascent Seizure

Jim and Paul described a likely loss tied to the DJE/Ascent situation where the FBI seized assets.
They highlighted limited partner recourse concerns and operator transparency issues.

ANECDOTE

Threefold Return and Indiana Close

Paul received a 30% return of capital from a Threefold sale and has active deals closing soon.
He fully subscribed an Indiana raise and locked the rate for a December close.

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This Episode

It’s the November PassivePockets Pulse Check. Jim Pfeifer, Paul Shannon, and Chris Lopez share what’s new in their portfolios, the real impact of the Fed’s second rate cut, the tool you should use this month (sponsor reviews—now updatable), and how they’re setting concrete goals for 2026. Plus: a big announcement: PassivePockets Summit is in Denver, April 30 (arrival) - May 2. Vote on sessions and networking ideas via the survey in the link above.

Key Takeaways

Portfolio check: capital back from an Aspen Funds industrial deal (tribe structure), 30% return of capital from a Threefold sale, and an unfortunate likely loss tied to the DJE/Ascent situation, why operator integrity and transparency matter
Real deals in motion: Paul’s Indiana acquisition fully subscribed (rate locked), and an Evansville 56-unit true-distress LOI/PSA walkthrough (what those terms mean and why the team thinks it’s a fast operational turn)
Rates: two cuts this fall (~50 bps total) boosted sentiment but barely moved longer-term agency debt; example: 7-yr Treasury + spread shifted only ~6 bps between application and lock
Outlook: expect a trickle, not a tsunami, of distress into 2026 as “extend & pretend” maturities roll; bid/ask is narrowing, which may push lenders to act
Tools & goals: update your Sponsor Reviews (and why “update” notes help the community); Chris is rebalancing toward private credit and Roth-powered compounding, Jim is doubling down on trusted operators and liquidity discipline, and Paul is rotating from cash/metals into equity while keeping a family financial “in case of emergency” plan current

Disclaimer

The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.