On this episode of the Passive Income Playbook, Pascal Wagner interviews Jim Pfeifer, founding member of Left Field Investors (now rebranded as Passive Pockets) and long-time limited partner (LP) investor. Jim shares his journey from high school teacher to financial advisor to full-time LP, highlighting the transition from stock market speculation to real estate investing for cash flow. They discuss the pitfalls of early passive investments, the importance of vetting operators (especially in volatile markets), and why community is the most valuable due diligence tool an LP can have. Jim also shares his philosophy of not being anyone’s “guinea pig” and why this current market environment offers LPs unprecedented clarity in identifying quality operators.

Jim Pfeifer

Current role: Host of the Passive Pockets Podcast
Based in: Columbus, Ohio
Say hi to them at: PassivePockets.com or connect on LinkedIn

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JF 3913: Avoiding Capital Calls, Vetting Sponsors, and Embracing JOMO with Jim Pfeifer