PassivePockets: The Passive Real Estate Investing Show

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  ashwealthco@gmail.com or go to www.ashwealth.com. If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com 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 WealthJeff mentions The Ultimate Passive Income Guide and recommends The Hands-Off Investor by Brian Burke.To connect with Jeff, you can email him at jeff@debtfreedr.com. If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com 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 jim@leftfieldinvestors.com 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 SponsorThe 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 TribeThese 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 jim@leftfieldinvestors.com 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 SponsorThe 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 TribeThese 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 jim@leftfieldinvestors.com 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 chad@leftfieldinvestors.com.If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com 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 FormulaJorge 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 jim@leftfieldinvestors.com 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 christoper@ppch.co  or call or text 719-659-4576.If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com 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 BillionaireTo 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 jim@leftfieldinvestors.com 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 ShowBigger 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.comTo connect with Paul go to wellingscapital.com.If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com 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.