PassivePockets: The Passive Real Estate Investing Show

Jeff Cook is the CEO of Cook Properties, a family owned and operated company that invests in commercial, retail, office, self-storage and mobile home parks.  He began his real estate investing with single family homes in 1997 and bought his first mobile home park in 2008.   In this episode, Jeff talks about the importance of focusing on what you are good at – which for his group is mobile home parks located in New York.Jeff discusses his transition from buying single and small multi-family homes to transitioning to more commercial assets.  He mentions the challenge of trying to do a 1031 exchange when selling his initial portfolio of homes but having it fail due to timing.  He now prefers not to sell, rather to return capital to investors through refinancing his properties. Jeff talks about investing in NY and how to be successful in a business climate that most regional and national operators avoid. He had to adjust the mobile park business to deal with rent control but it hasn’t negatively affected the business as they understand the market and the regulations. This allows him to run a successful business by focusing on the asset classes and markets they are experts in.Jeff discusses some important mobile home metrics he evaluates when looking for properties and what passive investors should focus on when evaluating a deal. He also talks about other asset classes they are currently operating in and why they are looking to sell most of those assets and continue concentrating on mobile home parks. He also mentions the current mobile home park fund for which they are raising capital until May 15th.Podcasts Jeff recommends:Passive Investing From Left FieldThe Mobile Home Park Expert PodcastPassive Mobile Home Park InvestingTo connect with Jeff, go to www.cookpropertiesny.com or send him an email at jcookproperties@gmail.com or call or text 585-233-4699.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.  

Cherry Chen is a full time internal medicine physician.  She is the founder of The Real Estate Physician – a community of physician investors focused on working toward financial independence. In this episode, Cherry talks about the importance of networking when passively investing and how her community helps investors become informed, vet sponsors and find deals.Cherry started her community to share with other doctors what she learned about syndications and to create a platform to share what she would have liked to have known when she started. Her goal is to create a space where doctors can invest safely and with confidence.Cherry discusses that her first objective with new community members is to help them get informed – through podcasts, books, blogs and introductory calls with her new people in her network. Her second objective is helping her community know who to trust and how to determine if a deal is a good deal worth funding.Cherry mentions the importance of making sure that the passive investments you make match your philosophy and fit in your portfolio. She discusses that there are no secrets or shortcuts to vetting a sponsor, you need to talk with them and develop a relationship of Know, Like and Trust.Cherry talks about how to pick a market and that she prefers stabilized value add properties. She mentions that her favorite markets are those with population growth and corporate headquarters moving to the city. She talks about the importance of doing your homework and not jumping into an opportunity without doing proper due diligence.Podcasts Cherry recommends:Bigger PocketsBest Ever with Joe FairlessThe Real Estate GuysOld Capital PodcastTo connect with Cherry go to www.therealestatephysician.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.  

Sean Donnelly is Managing Director at a reinsurance company and is one of the founders of Left Field Investors.  Sean has been a “right fielder” for most of his investing career, but found passive investing and is solidly in center field now through his new investments in passive syndications combined with his continued investments in the stock market and paper assets. In this episode, Sean talks about how he got into passive investing, the importance of a network in helping build your investing confidence and how the consistent returns of passive investing can be more attractive than the lumpy returns of active investing.Sean discusses how his real estate journey started with an underperforming flip and progressed through owning rentals and now is focused on passive real estate syndications. He also talks about the Founding of Left Field Investors and how it is helpful having a network for finding sponsors and vetting sponsors.  He mentions the importance of investing with sponsors that you know, like and trust and how critical that is to successful investing in syndications.Sean discusses some of his favorite asset classes – some he has already invested in and others that he has his eyes on – as well as how passive income will support and enhance his retirement. Podcasts Sean recommends:The Way I Heard It with Mike RoweTED Radio HourWe Study BillionairesYou can connect with Sean on LinkedIn or you can find him on the Left Field Investors Infielder’s Forum.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 Investors' Community.Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

Drew Wahlgren is the Director of Capital Markets at MAG Capital Partners, a private investment firm focusing on single-tenant, net lease development and sale leaseback structured transactions.  In this episode, Drew talks about how he got started in real estate and explained what an industrial single tenant triple net sale leaseback is and why it’s a great asset class for consistent cash flow with appreciation upside.Drew talks about the consistent cashflow that starts from day one for the passive investor.  He explains that triple net means that the tenant pays for all maintenance, repairs, insurance and taxes so there are very few expenses for the property owner to pay. Drew also talks about the financial reporting requirements they have for their tenants during due diligence prior to purchase and ongoing after the property is acquired. He discusses why a company would want to sell their property and lease it back and the importance of understanding what the company plans to do with the capital acquired from the transaction. He also talks about the competition in purchasing these assets and when and how they exit a deal.Drew discusses how a passive investor can analyze an industrial tripe net sale leaseback opportunity and mentioned the typical preferred returns and average annual returns his firm strives for and has achieved in the past.  He explains that this is an asset class that has done very well in the pandemic and is expected to continue to outperform in the future.Podcasts he recommends:The Real Estate Espresso Podcast with Victor Menasce  To connect with Drew you can email him at drew@magcp.com or go to www.magcp.com to get more information about MAG Capital Partners.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.  

Jeremy Roll is the President of Roll Investment Group and Co-Founder of For Investors by Investors – a Community started in 2007 with the goal of facilitating networking and education for real estate investors. In this episode Jeremy talks about giving up control in an investment in order to gain diversification and leverage the time and experience of others.Jeremy discusses how he is currently focusing on short term investments such as hard money loans on flips and assets that do not rely on appreciation such as ATM’s.  He is interested in cash flow and a quick payback period during the current market.Jeremy talks about self storage and mobile homes as two of his top asset classes over the next ten years as well as his preference for single asset investments and when he feels comfortable investing in funds.Jeremy discusses some of the main things to look for in the Private Placement Memorandum and the LLC Operating Agreement and his belief in the necessity of doing background checks on sponsors before investing.Below are the links to companies he uses for background checks:https://www.accurint.comhttps://www.tlo.com/Jeremy believes a critical component of investing success is to create your own box and make sure that the deals you invest in meet the criteria you select – if a deal doesn’t fit inside your own personal box, then you should not invest in it.Podcasts he recommends:Best Real Estate Investing Advice Ever Podcast with Joe FairlessCash Flow Ninja  Cash Flow Connections with Hunter Thompson To connect with Jeremy, send him an email at jroll@rollinvestments.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.  

Whitney Sewell is the Director of Life Bridge Capital and host of the Real Estate Syndication Show. He began investing in real estate to supplement his income from working in law enforcement.  His company invests with a mission as they donate 50% of profits from the business to support orphans worldwide.  In this episode Whitney talks about the value of mentors, sharing your passion while networking and creating value by problem solving.Whitney discusses how he got started in real estate after learning that many people have used real estate as a wealth building tool.  He started by investing in single family homes, duplexes and even a 15 unit apartment but discovered that these assets were not going to allow him to scale in the way he wanted.  Whitney mentions that he learned about syndication by attending as many real estate networking events as possible and realized that syndication was how he wanted to create wealth for his family.Whitney talks about the value of mentors and how critical it is to do your due diligence to find a quality mentor which includes contacting referrals and industry veterans to find out as much as you can about the potential mentor and the value of paying for a properly researched mentor. Whitney thinks having a mentor is critical, but your success will always come down to your commitment to the process and willingness to do whatever it takes to achieve your goals.Whitney discusses how his success took massive dedication and how helpful it was to him to share his why and his passion with his network and investors – in his case his foundation for orphans – to help him stand out and be remembered.  He also talks about creating value by solving problems at the properties.Podcast he recommends:Tim Ferris ShowAnd of course, Whitney has his own show as well: The Real Estate Syndication Show To connect with Whitney go to www.lifebridgecapital.com or send him an email at whitney@lifebridgecapital.com or call/text 540-585-4338.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.  

Jim Pfeifer is one of the founders of Left Field Investors and the host of this podcast. He is a full-time passive investor and concentrates on investing in real assets that produce cash flow. Jim is committed to sharing his knowledge with others who are interested in learning a different way to grow wealth.   This episode is a replay of The DJE Podcast hosted by Devin Elder.  Jim shares his journey from being a traditional stock market investor to active real estate investor until he found his current passion – passive real estate syndications. Jim also shares how he started the Left Field Investors Community with the goal of helping like-minded investors network and learn together.To connect with Jim go to www.leftfieldinvestors.com or send an email to jim@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.  

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.