PassivePockets: The Passive Real Estate Investing Show

Brian Burke is the President & CEO of Praxis Capital and the author of The Hands-Off Investor.  He has been investing in real estate for 30 years and has been a multi-family syndicator for 19 years. Brian has purchased over $500 million in real estate and raised over $200 million from investors and has never lost a penny of investor capital.  In this episode Brian talks about funds versus single asset investing, how to evaluate a sponsor and market and some red flags to look for when evaluating a deal.Brian talks about why they have recently shifted to a fund model rather than a single asset syndication.  He also discusses the importance of vetting the sponsor by asking them questions like, how long they have been a sponsor, how many deals have the invested in, how many exits they have had and how their past returns have compared to projections.  He talks about the importance and challenges in trying to ascertain the content of the sponsor's character. Brian recommends that you do your research including when you hear the sponsor on a podcast or at an event – that you listen to what they are saying and determine if it makes sense.Brian also talks about how he picks markets. He invests in markets that people are moving to and that have income growth and job growth which results in rent growth.He also talks about some red flags to look for when evaluating multi-family syndications; including debt, default ratio and rent growth. Podcast he recommends:Bigger PocketsTo connect with Brian go to www.praxcap.com and accredited investors can go to www.investwithpraxis.com.  Brian can also be found on the Bigger Pockets forum and on Instagram @investorbrianburke.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.  

Josh McCallen is the Co-Founder of Accountable Equity and a nationally recognized capital syndicator, hospitality investor, turnaround specialist, conference speaker, innovator, builder & developer with a track record for the development of exceptional resort properties and growing world-class operational teams. In this episode Josh talks about forcing equity through resort investing and service that revives the soul!Josh discusses the importance of building a Community of people you know, like and trust. This Community includes not only his investors, but also the guests who stay at his resorts as well as the employees who work there.  Josh talks about how quality service and hospitality can “revive the soul” of both guests and employees and that is what they strive for at their Vivamee resorts.Josh talks about buying resort properties and forcing appreciation by repositioning them and giving the properties a new life and a new culture.  He discusses how his resorts made it through the pandemic by pre-booking hundreds of weddings and coming up with innovative ideas like an outdoor winter festival. Josh mentions that there are three ways to invest with Accountable Equity: an equity position in the resorts, heavy cash flow from EiF’s – Efficient Income Funds which includes some exposure to solar and notes through the collateralized debt fund.Podcasts recommended by Josh:Cash Flow NinjaBigger PocketsListen to Josh on his podcasts:Wealth Building with FriendsCapital HackingContact Josh and join his Community at AccountableEquity.comIf 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.  

Dave Zook is the Real Asset Investor and excels at finding and vetting asset class specific experts.  He uses his vast network to find and vet new asset classes and sponsors and then uses their expertise to syndicate these assets for his investors. He is currently a top 5 ATM operator in the U.S., a self-storage syndicator, has a debt validation fund and invests personally in more than eight different asset classes.  In this episode, Dave talks about these asset classes and more!Dave talks about starting out as an entrepreneur and owned several businesses which resulted in a major tax problem.  He used real estate investments to reduce his tax bill from $500,000 to zero and that led him into the world of real estate syndication.When looking for new investments, Dave talks about finding the opportunity and then using a shortcut by finding the expert who has been doing it for a long time.  He uses this shortcut to tap into someone else’s expertise.  He stresses that the team and their track record are the two most important things when evaluating a partner.  He doesn’t try to become an expert in the space, he finds the professionals in the space with a long track record of success.Dave mentions three podcasts he likes: The Real Estate Guys Radio Show The Mike Dillard Show Success Habits of Super Achievers with Kyle Wilson Reach out to Dave or ask for his asset class Reports at www.therealassetinvestor.com or send an email to info@therealassetinvestor.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.  

This is a preview of the Passive Investing from Left Field Podcast.  You will hear clips from episodes where we interview Josh McCallen from Accountable Equity, passive investor Sean Donnelly, Drew Wahlgren from MAG Capital Partners & Whitney Sewell from Life Bridge Capital.  Our first full episode will launch February 28, 2021.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.