A Real Estate Community for Passive Investing with Jim Pfeifer, Ep.454

Jim Pfeifer is one of the founders of Left Field Investors and the host of the Passive Investing from Left Field podcast. Left Field Investors is a group dedicated to educating and assisting like-minded investors in navigating the nuances of passive investing and syndications. Jim is a former financial advisor who became frustrated with the one-path-fits-all approach of the standard financial services industry. Jim now concentrates on investing in real assets that produce cash flow and is committed to sharing his knowledge with others who are interested in learning a different way to grow wealth. We talked to Jim about passive investing, the importance of finding the right people, what is a lazy 1031 and how referrals are so important.  Groundbreaker: Click here to learn how to raise more money and speed up the syndication process by 80%! [00:01 – 06:03] Opening Segment  Jim talks about his background; How he got into real estate investing; [06:03 – 18:22] Hiring Professionals Why he moved into passive investing; How hiring professionals will lead to better results; How he grew a community of real estate professionals; Why you need a community; [18:22 – 33:18] Operators How to find a good sponsor; The importance of referrals Things to do when vetting an operator; Why communication is key; What is a lazy 1031 Announcement: Download Our Sample Deal and Join Our Mailing List [33:18 – 36:46] Round of Insights Apparent Failure: Not finding a professional asset manager. Digital Resource: Vyzer (Litan Yahav’s Episode) Most Recommended Book: The Hands-Off Investor  Daily Habit: Walking  #1 Insight for Passive Investing: You need a community to be successful.   Best Place to Grab a Bite in Columbus, Ohio: Tommie’s Pizza Contact Jim: To learn more go to leftfieldinvestors.com. Click here to listen to Jim’s podcast. Tweetable Quotes: “I don’t think you can be successful and beat the returns of syndications unless you know a niche and the market.’" - Jim Pfeifer Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.