On today’s episode of Ritter On Real Estate, we chat with Paul Shannon and Jim Pfeifer.
Jim Pfeifer, the maverick behind Left Field Investors, is rewriting investment rules and blazing a trail in passive investing and syndications.
Formerly a financial advisor, Jim has transformed into a cash flow expert, breaking free from the standard playbook. His commitment lies in sharing his knowledge with others who are eager to explore alternative ways to grow their wealth.
It is with this understanding that he founded The Left Field Investors, an organization dedicated to passive investment, thriving on principles of knowledge sharing, networking, and continuous learning.
Since going full-time in real estate investing in 2019, Paul Shannon has acquired over 200 residential units—many of them deep value-add properties—starting with single-family homes and transitioning to multifamily, leveraging equity recycling and strategic joint ventures.
Paul is also an experienced limited partner, investing in over 1,500 multifamily units nationwide. These experiences have led to the formation of InvestWise Collective, a customizable fund aimed at helping investors diversify out of traditional markets into passive real estate opportunities.
Key points from the episode:
– Jim’s and Paul’s background, working in other careers, discovering real estate, and becoming investors
– How Left Field Investors formed during the pandemic
– Paul’s background in sales, using the BRRRR strategy to start investing full-time
– How the mindset of investors has changed in just a few years
– Why debt is important in today’s real estate syndication landscape
– The competitive nature of investing in today’s market
– What Jim and Paul say to those who want to just leave their money in a savings account
– The partnership between Left Field Investors and InvestWise Collective
Books Mentioned:
– Avoiding Rookie Errors As A Left Fielder by Steve Su
– The Creature From Jekyll Island by Edward Griffin