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 to negotiate the nuances of the passive i...
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 to negotiate the nuances of the passive investing landscape and world of syndications. Jim is a former financial advisor who became frustrated with the one-path-fits-all approach of the standard financial services industry.
Now, he 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. Jim not only advises and helps people get started in passive real estate syndications; he also invests alongside them in small groups to allow for diversification among multiple investments and syndication sponsors.
Jim believes the most important factor in successful syndication is finding a sponsor that he knows, likes, and trusts. He has invested in over 45 passive syndications including apartments, mobile homes, self-storage, private lending and notes, ATMs, commercial and industrial triple net leases, assisted living facilities, and international coffee farms and cacao producers.
In this episode, Jim shares stories about mistakes in investing, his experience with troublesome investors, and why those practices should be avoided in the investors’ world.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
“Communication is the key.” – Jim Pfeifer
“I’m okay with bad news. This is a risky business. I understand that everything isn’t going to go exactly to perform on. But if you promise something, you either need to deliver it or you need to explain why you didn’t.” – Jim Pfeifer
“You can’t hide behind something. You just have to be honest. If you’re not going to be honest, and accept responsibility for your mistakes or the deals that aren’t working out as well, then I’m not going to give you credit if a deal goes great. Because if you’re not willing to take responsibility for the bad deals, you don’t get credit for the good ones. That’s all luck. I’m not investing with you.” – Jim Pfeifer
“There’s no other product that you’re sending me other than distributions and communication, and the distribution is communication also. If you don’t get that right, then what are you doing? You’re not gonna get my money a second time.” – Jim Pfeifer
Connect with Jim Pfeifer:
Connect with Dave Dubeau:
Enjoyed the Podcast?
Please subscribe on iTunes for updates