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
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[33:18 – 36:46] Round of Insights
Apparent Failure: Not finding a professional asset manager.
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
“I don’t think you can be successful and beat the returns of syndications unless you know a niche and the market.’” – Jim Pfeifer
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