PassivePockets: The Passive Real Estate Investing Show

Latest Episodes:

155: Building Holistic Wealth with Dave Wolcott – Strategies Beyond the 401(k) Feb 11, 2024

Show notes

Join us on the latest episode of Passive Investing from Left Field, featuring special guest Dave Wolcott.
This eye-opening episode takes you beyond the usual 401(k) as Dave reveals his journey from the Marine Corps to mastering real estate investing. Get ready to rethink financial freedom as you learn about the importance of mindset, relationships, and repositioning assets for maximum growth.
Whether you're keen to diversify your investments or interested in the mechanics of infinite banking, tune in and transform your financial narrative.

About Dave Wolcott

Dave Wolcott started his career serving the country as a Captain in the Marine Corps. In 2000 he and his wife won the baby lottery having triplets which inspired him to challenge the traditional financial planning advice of Wall Street. He then started an obsessive journey to understand how the top one percent were building their wealth.
A serial entrepreneur at heart, Dave spent the next 20 years building several businesses, investing in alternative assets and creating The Pantheon Holistic Wealth Strategy: the playbook to becoming ultra-wealthy and having not only freedom of money, but freedom of purpose, time and relationship.

Today, Dave is the Founder and CEO of Pantheon Investments and is more passionate than ever about helping entrepreneurs build wealth by passively investing in superior real estate and alternative assets that provide predictable cash flow, tax efficiency, and upside potential as a reliable alternative to the volatility of the stock market. Dave is the author of “The Holistic Wealth Strategy”, A Framework for Building Real Wealth and Living an Extraordinary Life and is also the host of the top rated “Wealth Strategy Secrets of the Ultra-Wealthy” podcast.

Here are some power takeaways from today’s conversation:

02:23 His real estate journey

06:23 Achieving money, purpose, time, and relationship

09:28 Relationship freedom

11:43 The holistic wealth strategy

14:05 Asset repositioning

16:57 What do I do now

21:12 Phase 2 of his wealth strategy

23:44 Phase 3 of the wealth strategy

26:39 Liquidity

29:00 Velocity

33:05 Building a massive passive income

37:00 Merchant cash advances

39:38 Podcast recommendations

40:32 Contact Dave

40:43 Thank you for watching

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.

Contact the guest:

LinkedIn: https://www.linkedin.com/in/dave-wolcott-863306/

Instagram: www.instagram.com/pantheoninvest

Facebook: https://www.facebook.com/PantheonInvest

Podcast Recommendations:

Ben Greenfield Fitness: https://bengreenfieldlife.com/

The Walker Webcast - https://www.walkerdunlop.com/webcasts/

Advertising Partners:

Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Vyzer - https://vyzer.co/

Spotlight Episode: Best Ever Conference Countdown: Passive Investing with Left Field Investors LIVE Agenda Overview Feb 07, 2024

Show notes

Uncover the insider secrets of passive investing with Chad Ackerman and Jim Pfeifer in a special Wednesday spotlight episode of Passive Investing from Left Field.
Join us as they discuss their upcoming event at the Best Ever Conference and reveal the lineup of expert speakers covering topics such as portfolio construction, tax impacts, investing in uncertain times, and more. Get ready for a full day of invaluable education tailored for LP investors.
Don't miss out on this exclusive opportunity to level up your investment game. Tune in to this episode for a front-row seat to the ultimate LP-focused event at the Best Ever Conference.

Here are some power takeaways from today’s conversation:

02:00 Best Ever Conference agenda

03:15 The morning agenda

05:32 Topic: investing in uncertain times

07:18 Panel of LP experts

08:16 Keynote address

09:07 Topic: how to vet a sponsor

11:16 Topic: understanding the deal structure

13:41 LFI Leaders will share stories

15:00 Closing comments

Resources Mentioned:

Advertising Partners:

Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/

Rise48 - https://rise48.com/

Rust Belt Capital
https://rustbeltcapital.com/

154: From High Salary to Higher Stakes - Agostino Pintus Talks Real Estate Entrepreneurship Feb 04, 2024

Show notes

Join us on the latest episode of Passive Investing from Left Field, with special guest Agostino Pintus. 'From Corporate to Cash Flow.' Learn how Agostino left his lucrative tech career to master the real estate market, from vetting deals and partners to innovative strategies like adaptive reuse. Gain insights on future market trends and what it takes to safeguard your investments. Tune in for an insightful conversation that's both enlightening and entertaining.

About Agostino Pintus

Agostino is the Founder and CEO of Bulletproof Cashflow where he applies nearly two decades of real estate experience to source, negotiate, and acquire commercial properties. He is a dynamic speaker who has spoken at a wide range of events throughout the United States and Canada. His talk topics vary from business strategy to real estate to leadership development, and he is always a great resource for aspiring commercial real estate professionals. Agostino is the Founder and CEO of Bulletproof Cashflow where he applies nearly two decades of real estate experience to source, negotiate, and acquire commercial properties. He is a sought-after speaker for real estate events, MeetUps, and media engagements around the globe. He is the host of the Bulletproof Cashflow Podcast, a series highlighting topics every real estate investor should know to build their success, where he also brings experts on to teach and share their real-life experiences as investors, marketers, and capital raisers, all of which can be found on Apple Music, YouTube, and Facebook. Agostino is passionate about real estate and enjoys sharing his knowledge with others. He also enjoys meeting with people one-on-one to understand their real estate goals, aspirations, and challenges.

Here are some power takeaways from today’s conversation:

01:51 His journey to real estate investing

06:43 Transitioning to become an operator

12:08 How to vet the partners you work with

15:42 How does an LP vet an operator with multiple partners

19:51 How do you come together on the operating agreement?

23:25 The importance of a capital call

31:22 Adaptive reuse

34:21 How do you evaluate adaptive reuse as an LP

39:49 What is his outlook for 2024

43:39 Podcast recommendation

Resources Mentioned:

LinkedIn: https://www.linkedin.com/in/agostinopintus/

Tiktok: https://www.tiktok.com/@bulletproofcashflow

Instagram: https://www.instagram.com/bulletproofcashflow/

Facebook: http://fb.com/bulletproofcashflow

YouTube: http://youtube.com/c/bulletproofcashflow

Podcast Recommendations:

Bulletproof cashflow:

https://bulletproofcashflow.com/

Alex Hormozi:

https://www.youtube.com/@AlexHormozi

Tom Bilyeu:

https://www.youtube.com/channel/UCnYMOamNKLGVlJgRUbamveA

Advertising Partners:

Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh: https://www.leftfieldinvestors.com/books/

153: Inside Industrial Real Estate: Joel Friedland’s No-Debt Investing Wisdom Jan 28, 2024

Show notes

Join us on the latest episode of Passive Investing from Left Field, featuring industrial real estate syndicator Joel Friedland.

With over 40 years of experience, Joel shares his insights on the significance of due diligence and how understanding tenants and real estate taxes is crucial to the success of real estate deals.

Discover why their company opts for all-cash deals with no debt and learn about the priorities set for tenant selection to ensure stability and security. Gain knowledge on how important neighboring businesses can impact your property's value as Joel walks us through the responsibilities of landlords for building maintenance and insurance.

Dive into this informative session that sheds light on the appeal of industrial real estate for pension funds and the unique investment approach adopted by Joel Friedland. Don't miss out on this enlightening conversation that will change the way you think about industrial investing.

About Joel Friedland

Joel Friedland is an industrial real estate syndicator with over 40 years of experience and nearly 100 acquisitions in the Chicagoland area totaling ~3 million sq ft. He has north of 200 investors and has a unique philosophy when it comes to debt ratios and preservation of capital. Day to day, he manages his portfolio of 16 industrial buildings in Chicago and is actively seeking new deals and partners to join our group.

Here are some power takeaways from today’s conversation:

01:47 His real estate journey

06:25 Transitioning from being a broker

11:02 Did he branch out and come back to Chicago?

13:31 How he deals with concentration of risk as a company?

16:53 What he is responsible for vs what his tenant is responsible for.

18:26 Pros and cons of doing deals with no debt

23:53 Tenant selection

27:40 The biggest risks when investing in industrial real estate

33:33 How does an LP vet his company?

38:05 Metrics that LP investors can focus on when evaluating one of his deals

39:56 His exit plan

45:00 How does you come to an agreement on price

47:04 Podcast recommendation

47:51 Contact

48:30 Thank you for watching

Resources Mentioned:

Podcast Recommendations:

Thoughtful Money https://www.youtube.com/@adam.taggart

Advertising Partners:

Rise48

https://rise48.com/

Rust Belt Capital

https://rustbeltcapital.com/

Left Field Investors - BEC

https://www.leftfieldinvestors.com/bec/

Spartan Investment Group

https://spartan-investors.com/

Left Field Investors - BEC

https://www.leftfieldinvestors.com/bec/

Spotlight: Exploring Economic Conditions: A Dialogue with J Scott on Current Trends Jan 24, 2024

Show notes

Tune in to this special spotlight episode of Left Field Investors as we shine a light on current economic conditions with J Scott, co-owner of Bar Down Investments.
In this spotlight episode, J Scott shares his expertise on the current economic outlook and how it impacts limited partner investors. He also offers valuable insights into upcoming trends that could influence the economy and investments.
Join us and gain exclusive knowledge to enhance your passive investing strategy. Don't miss out on this thought-provoking conversation!

About J. Scott

J. Scott is a keen observer of economic trends, adept at analyzing data to discern patterns at the macro level. His approach to the economy is twofold: he not only relies on hard numbers and government-released data to gauge the state of affairs but also places significant emphasis on the sentiments and experiences of individuals. Scott recognizes the discrepancies that can arise between empirical data and public perception. He is currently focused on navigating a situation where such a divergence is particularly striking, highlighting his ability to synthesize different sources of information to understand complex economic realities.

Here are some power takeaways from today’s conversation:

3:05 Economic Outlook

8:59 Sentiment vs data

15:29 Where can you put your cash today for the future?

17:12 Pay attention to this in the economy

22:55 AI and the economy

23:27 Thank you

Resources Mentioned:

Website: www.JScott.com

Instagram: https://www.instagram.com/jscottinvestor/

Facebook: https://www.facebook.com/jscottinvestor

LinkedIn: https://www.linkedin.com/in/jscottinvestor/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndicationsby Steve Suh - https://www.leftfieldinvestors.com/books/

Advertising Partners:

Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Vyzer - https://vyzer.co/

152: Mastering Private Equity in Healthcare and Auto Industries with Chihiro Kurokawa Jan 21, 2024

Show notes

Join us for an engaging episode of Passive Investing from Left Field! In this episode, host Chad Ackerman engages in a compelling conversation with Chihiro Kurokawa, Director in the private equity practice at ZT Corporate. Kurokawa shares his journey from being a solo multifamily syndicator to a key figure in a boutique private equity firm.

Gain exclusive insights into the resilience of service revenues during economic downturns, the significance of diversification across asset classes, and effective strategies in the competitive realm of private equity. Delve into Chihiro's wealth of experience as he discusses the importance of thorough due diligence, community involvement in vetting deals, and the power of teamwork in business.

For passive investors seeking illuminating discussions on making informed investment decisions and navigating the intricacies of blending different asset types, this episode is a must-watch.

About Chihiro Kurokawa

Chihiro is a Director in the private equity practice at ZT Corporate, a boutique private equity firm with investment opportunities for accredited investors. The firm was founded in 1997 and has since cycled over 15 portfolio transactions representing 50+ assets. Currently the firm has an enterprise value of over $1.2 billion with holdings in medical/healthcare, branded auto dealerships and commercial real estate.

Here are some power takeaways from today’s conversation:

02:21 His real estate investment journey

08:06 Diverse business

12:35 Deal offering structure

16:30 Is this a great time to get into commercial real estate?

20:42 Comparing the metrics

23:02 What market he focuses on

24:25 Mitigating risk

28:26 Lessons learned in investing

30:50 Contact Chihiro

31:21 Podcast recommendations

32:28 Thank you for watching

Resources Mentioned:

https://www.linkedin.com/in/cgkurokawa/

Instagram

https://www.instagram.com/cgkurokawa/

Facebook

https://www.facebook.com/chihiro.g.kurokawa/

Podcast Recommendations:

Acquired https://www.acquired.fm/

Advertising Partners:

Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh: https://www.leftfieldinvestors.com/books/

Vyzer - https://vyzer.co/

151: Strategies for Thriving in Affordable and Workforce Housing Investments with Ron Lockhart Jan 14, 2024

Show notes

Join us on the latest episode of Passive Investing from Left Field, with guest Ron Lockhart.

In this episode, discover invaluable insights into successful strategies for limited partners, the impressive benefits of affordable and workforce housing, and the high-return potential of real estate syndication.

Whether you're an accredited investor or simply looking to learn more about the commercial real estate market, this episode is your ticket to staying informed.

About Ron Lockhart

Ron Lockhart is the Co-Founder of GSP REI and serves as one of the Company's Managing Partners. His chief responsibilities include strategic planning and oversight of the company’s vision. Mr. Lockhart oversees and works to streamline the company’s operations in both real property and mortgage acquisitions, as well as project and property management.
Mr. Lockhart brings over 20 years of combined real estate investing experience to the company. Prior to founding GSP REI, Mr. Lockhart was President of LaSalle Properties One a regional real estate consulting firm that focused on assisting companies and institutions with the execution of their real estate acquisition, development, management and finance goals. While at LaSalle Properties One, Mr. Lockhart developed an end to end in house solution for clients that included planning, construction, asset and property management. One of LaSalle Properties One’s key initiatives was to invest alongside its clients in growth areas where there was an under supply of rental housing. Prior to LaSalle Properties One, Mr. Lockhart founded Lockhart Building and Investment Company which specialized in the construction and redevelopment of real estate in the Mid-Atlantic region. Mr. Lockhart has been directly involved with the investment, development and construction of single family, multifamily and mixed use real estate since graduating from Washington College in 1996.

Here are some power takeaways from today’s conversation:

03:28 His real estate journey

08:39 Affordable housing vs workforce housing

10:03 Section 8

13:38 How he invests in certain markets

16:44 Finding properties

25:16 Are there any other government subsidies that help

25:55 How does he structure property management

28:26 Is there a problem with the owners of the adjoining properties

29:42 Using debt to fund the properties

33:00 How to analyze this as an LP

36:07 Funds overview

38:35 Podcast recommendations

Resources Mentioned:

Contact The Guest:

LinkedIn - https://www.linkedin.com/company/gsprei/

Facebook - https://www.facebook.com/GSPREIFUNDS

YouTube - https://www.youtube.com/channel/UCoqbrxOgNuhgzS58qia3Uaw

Podcast Recommendations:

Real estate syndication show - https://www.youtube.com/c/TheRealEstateSyndicationShow

Advertising Partners:

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh: https://www.leftfieldinvestors.com/books/

Vyzer - https://vyzer.co/

Spotlight: The Corporate Transparency Act: What LLC Owners Need to Know, Explained by Mauricio Rauld Jan 10, 2024

Show notes

Tune in to this special spotlight episode of Left Field Investors as we shine a light on the intricacies of the Corporate Transparency Act with expert syndication attorney Mauricio Rauld. This episode is packed with valuable insights on compliance, penalties, and best practices for LLC owners to navigate this new legislation. Get the inside scoop on what you need to know to ensure compliance and protect your investments!

About Mauricio Rauld

Mauricio Rauld is an experienced syndication attorney and former asset protection attorney with a wealth of knowledge in syndications and corporate law. He is well-versed in LLC formation, asset protection, and entity formations, having set up thousands of LLCs over the past 15-20 years. Mauricio’s expertise lies in helping syndicators stay in compliance with federal securities laws and ensuring the protection of limited partners in investment deals. As a co-host of the "Drunk Real Estate" podcast, Mauricio brings a unique and approachable perspective to the legal aspects of real estate investing. His down-to-earth style and practical advice make him a valuable resource for investors navigating the complex regulatory landscape.

Here are some power takeaways from today’s conversation:

00:00 The Best Ever Conference

02:52 Who is Mauricio Rauld?

03:45 What is the CTA?

04:40 Who gets to see this info?

05:30 Who is affected?

08:23 What info is needed?

10:04 When does this need to be filed?

14:13 What are the penalties for not complying?

16:16 Who needs to file?

22:11 Who can help me comply?

23:58 Where to find the report

24:57 Thank you for watching

Resources Mentioned:

LinkedIn: linkedin.com/in/mauricio-rauld-esq-b2929870
Facebook: https://www.facebook.com/mauricio.rauld.9/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndicationsby Steve Suh - https://www.leftfieldinvestors.com/books/

Podcast Recommendations:

Motley Fool Money - https://www.fool.com/podcasts/motley-fool-money/

The Walker Webcast - https://www.walkerdunlop.com/webcasts/

Advertising Partners:

Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Vyzer - https://vyzer.co/

150: The Investor's Guide to Preferred Equity with Paul Moore Jan 07, 2024

Show notes

Join us on the latest episode of Passive Investing from Left Field, with guest Paul Moore from Wellings Capital.
In this episode, we unravel the art of building confidence with LPs, explore the resurgence of preferred equity, and share insights on diversification strategies. Discover Paul's journey from speculator to seasoned investor, gaining actionable advice for consistent returns.
Don't miss these gems of wisdom that could steer your investment journey toward consistent returns and stronger strategies.

About Paul Moore

After a stint at Ford Motor Company, Paul co-founded a staffing firm where he was 2x Finalist for Michigan Entrepreneur of the Year. After selling to a publicly traded firm, Paul began investing in real estate. He launched multiple investment and development companies, appeared on HGTV, and completed over 100 commercial and residential investments and exits. He has contributed to Fox Business and The Real Estate Guys Radio and is a regular contributor to Bigger Pockets, producing live shows, recorded videos, and blog content. Paul also co-hosted a wealth-building podcast called How to Lose Money and he’s been featured on over 200 podcasts. Paul is the author of Storing Up Profits – Capitalize on America’s Obsession with Stuff by Investing in Self-Storage (Bigger Pockets Publishing 2021) and The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing. Paul is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm.

Here are some power takeaways from today’s conversation:

03:33 His real estate journey?

05:20 Transition from speculator to investor

07:32 Preferred equity vs preferred returns

09:27 What is preferred equity?

14:55 Why aren’t the lenders lending more?

16:42 Should the LP know about the preferred equity?

04:35 The Evolution of His Real Estate Journey

20:29 Are all pref equity the same?

30:44 What to look for in the common equity?

33:04 How do you protect yourself from deals failing?

37:46 How does an LP get into pref equity?

30:41 How does the LP evaluate this?

43:48 Podcast recommendations

44:42 Contact Paul

45:05 Thank you for watching

Resources Mentioned:
Contact the Guest:

Instagram- @paulmooreinvest
Facebook- @wellingscapital
LinkedIn- https://www.linkedin.com/in/paul-moore-3255924/
Email- paul@wellingscapital.com

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndicationsby Steve Suh

Podcast Recommendations:

Motley Fool Money

The Walker Webcast

Advertising Partners:

Left Field Investors - BEC

Spartan Investment Group

Vyzer

149. Jeremy Roll on Real Estate Investment Strategies and Risks Part Two Dec 31, 2023

Show notes

Get ready for an electrifying ride in Part 2 of the Keynote Address from the Left Field 2023 Meetup!
The audience comes in hot with burning questions, turning this episode into a rollercoaster of insights for savvy passive investors hungry for stability and growth.
Jeremy Roll, a seasoned market observer, not only explores the current state of market investments and his strategies for the next decade but also shares invaluable advice on what LP investors should prioritize. Packed with wisdom, this episode is a must-listen for those seeking stability and growth, providing a roadmap to navigate the evolving investment landscape with confidence and strategic foresight.

About Jeremy Roll

Jeremy started investing in real estate and businesses in 2002 and left the corporate world in 2007 to become a full-time passive cash flow investor. He is currently an investor in more than 60 opportunities across more than $1 Billion worth of real estate and business assets. As Founder and President of Roll Investment Group, Jeremy manages a group of over 1,500 investors who seek passive/managed cash-flowing investments in real estate and businesses. Jeremy is also the co-founder of For Investors By Investors (FIBI), a non-profit organization that was launched in 2007 to facilitate networking and learning among real estate investors in a strict no sales pitch environment. FIBI is now the largest group of public real estate investor meetings in California with over 30,000 members. Jeremy has an MBA from The Wharton School and is an Advisor for Realty Mogul, the largest real estate crowdfunding website in the US. Jeremy welcomes e-mails (jroll@rollinvestments.com) to network with or help other investors and to discuss real estate or business investments of any size.

Here are some power takeaways from today’s conversation:

00:30 What to do when an operator isn’t cooperating?

02:56 The correlation of the quality of communication with the operator and the ROI

04:49 If you negotiate $25,000 off the investment and will the operator walk away?

06:30 How do you do background checks on operators?

09:38 What is the cost of a private investigator?

10:05 Do you need permission to perform background checks?

11:22 What is his biggest pull back when investing?

13:41 The impact of the fed on ATMs

14:47 How often do you meet with the operator in person before a deal?

16:11 Value add limited partner

18:21 How long does it take for him to evaluate a deal and how many deals does he have going on right now?