PassivePockets: The Passive Real Estate Investing Show

Despite the name, passive investing requires you to take action consistently if you want to achieve financial freedom. Reed Goossens of RSN Property Group joins Jim Pfeifer to share how he invested in himself, found a mentor and became a successful real estate investor. Reed also discusses tips on creating a genuine connection with a new operator, how to navigate rising interest rates and how to take action to create a real estate business – passive, active or both. Tune in to hear a great real estate story and learn ways to shortcut your own successful real estate investing journey! 

This week’s episode features Randy Smith. After recent changes to his W2 structure, Randy finds himself now being a full-time passive investor. He spent some time on the Active Investing side of the ballpark before moving over to the Passive side where he is currently focused. Randy continues to educate himself on the industry and is able to focus on his passion due to the passive income he is currently receiving from his investments.

There can be advantages to investing in uncertain market conditions, rather than completely turning yourself off to new opportunities. Mark Kenney, the Co-founder of Think Multifamily, subscribes to the theory that there are quality deals to find in any market cycle. In this episode, he joins Jim Pfeifer to share with us his incredible journey and the unique process he follows in investing and sourcing multifamily properties - often dealing with multiple offerings at the same time. Mark discusses bridge debt and explains why he is still using it effectively in certain situations. He has a positive track record in multifamily and he has experienced a lot of success, but he is willing to admit that there is more out there to learn. He is carefully bold in uncertain times, which can set him up to capitalize on market inefficiencies. Follow along to this conversation to learn more! 

This week’s episode features Joe and Katie Viola. Joe and Katie have just begun their journey in passive investing by taking action on their first deal a short time ago. They have been educating themselves through books, podcasts, and getting involved in the Left Field community via attending meetings and the forum to develop a comfort level to invest in a multi-family deal. Next up for the couple is to focus on developing their goals to help drive the next decisions they have related to building passive wealth.

Are you interested in making money while having a positive social impact? Many real estate investments improve properties, so their tenants have a nice place to live. Note investing takes this a step further and works to keep homeowners who have defaulted on their mortgage in their homes. The banks love it because they get bad debt off their books, the homeowners love it because they get to stay in their home and the investors love it because they earn a return as the notes are converted from bad debt back into performing notes. Join Jim Pfeifer as he interviews Christopher Seveney from 7E Investments on the ins and out of note investing!  This episode is packed with information to help you understand notes, mortgages, collateral and much more – tune in to learn how to become a note investor!

This week’s episode features Brian Meyer. Brian has been chasing shiny objects for a bit but has settled into passive investing in syndications as of late. Brian has enjoyed being part of a tribe that has invested in several deals and hopes to get involved with others in the future. He will be focusing more on the space going forward.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 the first episode of 2023, Robert Preston, Co-founder of Climb Capital, reveals the next big real estate investment opportunity– RV Parks! He searches for, and acquires, value-add parks that produce a durable yield through the life of the investment. Robert started in real estate flipping single-family homes and quickly moved to multifamily housing and Mobile Home Parks before realizing that the competition for properties made these asset classes more like commodities.  He recognized there was money to be made in a more unique asset class which led him to RV Parks. Learn the barriers to entry in this asset class and why Robert thinks RV parks are a great investment if properly managed.  Tune in to learn more!

Cannabis has a been a huge growth as an industry in the past few years, but it is a complicated asset class with uncertainty due to government regulations and there have been booms and busts. It is important to find quality partners who have experience navigating the difficult regulatory hurdles that come with this type of investing. In this episode, Jim Pfeifer talks with Jordan Tritt, the CEO and co-founder of the Panther Group, as Jordan sheds light on the cannabis space and the real estate and operations investment opportunities. To hear more of Jordan’s wisdom on investing in cannabis, tune in to this episode now!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.

Money is a tool and a resource, so it is important you understand how to use it properly. Too many people think of money as the final goal, but a better mindset is to think of how to use that tool or resource to achieve your goals. Join Julie Holly as she discusses with Jim Pfeifer her money mindset and how to adjust your thinking so money is the tool you use rather than it using you. Julie is the founder of Three Keys Investment and host of the Conscious Investor Podcast. She’s a former public-school teacher and is now a passive investor in both general and limited partnerships! Tune in to learn valuable insights from someone who sits on both sides of the table as an operator and an 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.

There are many ways to grow your wealth and real estate is one of our favorites, but you can invest not only in what’s built on the land but also in what is under the land. In this episode, we dive deep into the space of investing in mineral rights. Jim Pfeifer is joined by Troy Eckard, the CEO of Eckard Enterprises, LLC—a family-owned and operated alternative investment firm specializing in the U.S. oil and gas industry. Troy helps us understand what mineral rights are, the differences between land rights, mineral rights, and air rights, and how to maximize the opportunities in space. Troy also discusses the operators in this asset class, strategies, and what to look out for when evaluating a mineral rights investment. Is investing in mineral rights for the long term? What are its implications to the ESG—environmental, social, and governmental? How do you vet the operators and avoid Ponzi schemes? Listen in as Jim and Troy answer these questions and more in this conversation!