If you don't want the hassle of becoming a landlord, passive investing could be your entry into real estate investing.

On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Jim Pfeifer, the former founder, president, and CEO of Left Field Investors, which is now PassivePockets. Jim is also the co-host of the PassivePockets podcast and a long-time investor in syndications as a limited partner.

Jonathan and Jim start their discussion by outlining the story of Left Field Investors and Passive Pockets. Jim explains what drew him to passive investing versus active investing, the importance of vetting operators, and the downsides of becoming a landlord. You'll hear why you have to recognize that your investments are illiquid, where Jim places money outside of real estate investing, and the necessity of hiring experts to help you make the most of your money. Finally, Jim explains why he prefers personal recommendations over cold leads, the importance of doing your due diligence, and how PassivePockets helps investors vet syndicators.

Jim Pfeifer has a long track record in syndication investing, and if you're interested in this asset class, don't miss his words of wisdom for finding the right investment.

In this episode, you will hear:

• The inception of Left Field Investors and how that led to the creation of PassivePockets
• What drew Jim Pfeifer to passive investing versus more active investing
• The importance of vetting operators in syndications and why it's the key skill in passive investing
• Downsides of becoming a landlord
• Adjusting to the longer cycles in syndications as a limited partner and realizing your investments are illiquid
• One of the biggest mistakes Jim made as he began investing in syndications, and where he places money outside of real estate
• Using 1031 exchanges in syndications and finding experts who can help you make the most of your money
• Why personal recommendations from the investing community are always better than cold leads
• The perfect candidates for passive investing
• Funds versus one-off investing and the importance of due diligence
• How Jim vets syndicators and what PassivePockets does

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Supporting Resources:

PassivePockets website - www.passivepockets.com

PassivePockets on YouTube - www.youtube.com/@PassivePocketsInvesting

Find PassivePockets on LinkedIn - www.linkedin.com/company/passivepockets

Connect with Jim Pfeifer on LinkedIn - linkedin.com/in/jimpfeifer

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.