115. Diversification: How To Diversify Your Investments And Build A Multi-Million Dollar Real Estate Portfolio With J Scott

Tune in to 'Passive Investing From Left Field,' where host Jim Pfeifer and real estate maestro Chris Prefontaine unlock the secrets to creative property investment. Episode 159 delves into buying properties with existing mortgages, profitable lease purchase strategies, and the power of the 'three paydays' system. Whether bracing for market shifts or seeking stable, long-term investments, this episode offers valuable insights for every investor level. Discover Chris's unique approach to building wealth without banks or personal funds. Get ready for an episode packed with strategies for a robust investment portfolio. Don't miss it — listen now and enhance your real estate savvy!
  

About Chris Prefontaine
 

• Chris Prefontaine is a real estate veteran with an emphasis on creative acquisition strategies. With over three decades in the industry, he pivoted from traditional investments to innovative methods following the 2008 crash. He avoids banks and personal funding, preferring terms like lease options, owner financing, and subject-to deals. Prefontaine leads Smart Real Estate Coach, mentoring students in real estate investments and championing the 'three paydays' system, signifying cash now, cash flow, and cash later. Focused on low-maintenance asset classes like self storage, Chris plans for passive income streams while imparting his community with the knowledge gained over a successful investing career.
   

Here are some power takeaways from today’s conversation:

01:38 His real estate journey

04:11 Mistakes and lessons learned

05:48 He doesn’t use a bank?

07:44 Principle-only owner financing

09:06 When should we invest?

13:47 Asset classes that will make you money

15:35 Self-storage investing

16:25 How he invests in self-storage

17:53 What other asset classes interest him?

18:30 The 3 paydays

20:56 Market Outlook for 2024

22:37 Renting vs Owning and how it affects the single family home business

23:53 Creative Real Estate coaching business

25:25 How to vet someone

27:29 Podcast recommendations

27:59 Contact Chris

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.
    

Resources Mentioned:

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

Podcast Recommendations:

Conan Obrien needs a Friend
https://podcasts.apple.com/us/podcast/conan-obrien-needs-a-friend/id1438054347list=PLNd0322kaMZZABZc_9GmVKhfmm4Y0t3kz

Man Talks
https://www.youtube.com/@UC2exoyYcKLknC5IWiwdAihQ 

Advertising Partners:

Left Field Investors:
https://www.leftfieldinvestors.com/

Rust Belt Capital
https://rustbeltcapital.com/

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

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/

Circuit City
invest.circuitcity.com

Dive into the intricacies of real estate syndication, featuring expert guest Evan Polaski from Axia Partners. We discuss the pivotal role of investor relations, uncover the tough questions every investor should ask, and spotlight Axia's focus on strong asset classes. Join host Jim as he provides the tools for due diligence and knowledge on how to match deals to your investment goals. For actionable insights and practical wisdom in the world of passive investing, subscribe and make informed decisions. Get the edge you need - listen now!
  

About Evan Polaski
 

• Evan Polaski serves as the Director of Investor Relations at Axia Partners, boasting a substantial 17-year tenure in investor communications. His involvement in real estate was sparked early, propelling him to study finance and real estate in college. In his current role, he specializes in connecting investors with company operations, ensuring their needs align with Axia's strategic goals. Evan focuses on recession-hardy investments in the Mountain West and Sunbelt regions, across various assets like multifamily and self-storage. His dedication to investor relations is a cornerstone of Axia's commitment to its clientele.
   

Here are some power takeaways from today’s conversation:

01:50 His journey to real estate investing 

05:41 What is his role in the deal and process?

12:16 What questions investors should be asking

21:30 The fees

25:24 Should you ask how much the IR team is investing?

28:26 What is a sensitivity analysis?

30:21 How can investors approach the first call with an IR?

27:45 Has the economy effected how he analyzes deals?

35:02 Who should you be talking to when doing a deal

38:40 Axia 

40:39 Podcast recommendation

41:24 Contact Evan

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.
    

Resources Mentioned:

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

Podcast Recommendations:

Conan Obrien needs a Friend
https://podcasts.apple.com/us/podcast/conan-obrien-needs-a-friend/id1438054347list=PLNd0322kaMZZABZc_9GmVKhfmm4Y0t3kz

Man Talks
https://www.youtube.com/@UC2exoyYcKLknC5IWiwdAihQ 

Advertising Partners:

Rise48
https://rise48.com/

Rust Belt Capital
https://rustbeltcapital.com/

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

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/

Circuit City
invest.circuitcity.com

Join us on the latest episode of Passive Investing from Left Field, where Matt Faircloth and Chad Ackerman break down the crucial role of transparency in real estate investments. They tackle the importance of clear communication and discuss how today's market challenges demand a more conservative approach to deal underwriting.
Matt shares his inspiring journey in real estate, scaling from a modest loan to managing thousands of multifamily units. Join us for an insightful session filled with expert advice on navigating investments, emphasizing cash flow, and a glimpse into the evolving buy-and-hold strategy. It's an episode packed with value that no passive investor should skip!
  

About Matt Faircloth
 

• Matt Faircloth is a seasoned real estate investor and the co-founder of the DeRosa Group, a company he started with his wife Liz. He has been active in the industry since 2004, engaging in various projects like fix and flips, and multifamily properties. Faircloth's journey began with a $30,000 loan, which he and Liz turned into a substantial real estate portfolio that includes thousands of units and a significant investment fund. He advocates for conservative investing, the importance of generating cash flow, and transparency in real estate syndications. Faircloth's work emphasizes education for investors and partners, aiming to ensure a stable and profitable real estate market experience.
   

Here are some power takeaways from today’s conversation:

02:25 His real estate journey

03:41 What is new in the world of investing since he had been on the show?

05:56 Impact fund

09:54 What is his investment strategy?

13:37 His journey to the hotel space

17:44 What metrics have changed that he has put emphasis on?

21:05 How has his loan structure strategy changed?

27:45 Has the economy effected how he analyzes deals?

32:13 How do you approach the exit strategies?

34:33 Podcast recommendations

35:30 Contact Matt

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.
    

Resources Mentioned:

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

Instagram: https://www.instagram.com/themattfaircloth/?hl=en

Website: https://derosagroup.com/about/

Podcast Recommendations:

The Real Estate Podcast: https://www.youtube.com/playlist?list=PLNd0322kaMZZABZc_9GmVKhfmm4Y0t3kz

Advertising Partners:

Rise48
https://rise48.com/

Rust Belt Capital
https://rustbeltcapital.com/

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

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/

Uncover the insider secrets of passive investing with Ryan Stieg, CFO and co-founder of LFI. Join host Chad Ackerman as Ryan shares valuable insights into deals gone wrong, offering lessons learned and tips to prevent such setbacks.
Discover the importance of diversification, deeper due diligence, and communication in passive investing. Don't miss this eye-opening discussion with Ryan Stieg on the pitfalls and precautions in the world of syndication investing.
Listen now on your favorite podcast platform! 🎧
  

About Ryan Stieg 
 

• Ryan Stieg is a seasoned investor and the Chief Financial Officer (CFO) of LFI (Left Field Investor) and one of the founders of LFI. With a background in syndication investing, Ryan has a wealth of experience in passive investing and brings valuable insights to the podcast. He has navigated through various investment opportunities, including some that didn't go as planned, and his experiences provide practical lessons for investors. Through sharing his own investment journey, Ryan aims to educate and inform the community about the nuances of passive investing and how to approach deals with careful consideration.
   

Here are some power takeaways from today’s conversation:

02:15 Deals that went wrong 

7:11 Deeper due diligence

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.
    

Resources Mentioned:

LinkedIn: https://www.linkedin.com/in/ryan-stieg-7375a26/

Advertising Partners:

Rust Belt Capital https://rustbeltcapital.com/

Rise48 - https://rise48.com/

Vyzer - https://vyzer.co/

Join us on the latest episode of Passive Investing from Left Field, featuring special guest Rich Delgado of DLP Capital.
Dive into the heart of workforce and affordable housing investments, and discover how DLP's innovative approach is not only enriching communities but also providing impressive returns for investors. Rich shares insights on the thriving RV park market and reveals the financial strategies fueling DLP's strong performance despite market fluctuations.
Don't miss out as we explore smaller deals with big impact and learn about the future of real estate investing in 2024.
  

About Rich Delgado
 

• Rich Delgado is a seasoned financial expert with over 30 years of experience in structured finance, capital markets, and mortgage industries. His impressive career trajectory has led him to the role of Managing Director of Structured Finance & Capital Partners at DLP Capital, which he joined in April 2019. Before his engagement with DLP Capital, Rich Delgaldo honed his skills in high-stakes environments, serving as Senior Vice President of Portfolio Investments at Nationstar Mortgage, where he masterfully grew their Mortgage Servicing Rights portfolio to an astounding $600 billion. His financial acumen also saw him manage $7 billion of Financing Facilities across 14 lenders during his tenure as Senior Vice President and Treasurer at Ocwen Financial Corp. Delgaldo's foundation in finance was laid during the early days of his career at the prestigious New York office of Deloitte & Touche, setting the stage for a remarkable journey through the finance industry.
   

Here are some power takeaways from today’s conversation:

01:42 His real estate journey

04:15 Who is DLP Capital? 

05:56 Impact fund

07:35 Affordable & workforce housing

10:12 Starting from the ground up

12:09 Environmental stewardship

13:24 What he does for the DLP Community

14:47 Equity vs. debt investing

17:49 Mez debt vs. regular debt

21:13 Adjusting for the futures

25:49 2023 deal performance

28:06 Outdoor hospitality

34:50 Outlook for 2024

34:54 Podcast recommendations

36:05 Contact Rich

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.
    

Resources Mentioned:

LinkedIn: https://www.linkedin.com/company/dlpcapital/mycompany/

YouTube: https://www.youtube.com/c/DLPCapital

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

Podcast Recommendations:

Impact with Don: https://impactwithdon.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/

Rust Belt Capital: https://rustbeltcapital.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//

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/

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

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.
    

Resources Mentioned:

Advertising Partners:

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

Rise48 - https://rise48.com/

Rust Belt Capital 
https://rustbeltcapital.com/

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

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.
    

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/

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

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.
    

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/

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

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.
    

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 Syndications by 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/