PassivePockets: The Passive Real Estate Investing Show
PassivePockets: The Passive Real Estate Investing Show, presented by Equity Trust, is a podcast focused on building and protecting wealth through passive real estate investments. Hosted by Jim Pfeifer, it features expert interviews with seasoned Limited Partners and General Partners who share insights and practical advice. The show is designed for investors seeking to grow without the grind of active management.
Episodes
LP Roundtable: Return of Capital, Reinvesting Distributions, and Sponsor Due Diligence
In this PassivePockets community roundtable, Chris Lopez sits down with Adam Cranmer, Pascal Wagner, and Christy Burakovsky to talk through real portfolio moves, new investments, and the questions LPs should be asking before and after they write a check.
The conversation starts with portfolio updates: Adam shares why he invested in Alturas’ retail-focused fund through an SPV, passed on a strong
Why Red River Is Building 206 Rental Homes in Waco, Texas
This Episode
Ryan and Steven Watts of Red River Development join Chris to break down the build-to-rent market, why Red River focuses on secondary markets, and how recent housing legislation could reshape the future of single-family rental investing.
Ryan and Steven share how their backgrounds in energy, banking, construction, development, and property management led them to launch Red River in
Medical Office Investing: A Recession-Resistant Real Estate Niche | Jeff Axley
Jeff Axley of Ridgeline Capital Partners joins Chris to break down medical office buildings, one of the healthcare real estate niches more LPs are starting to pay attention to. Jeff walks through how his background across office, multifamily, development, restructuring, industrial, and master-planned communities ultimately led him to focus on medical office as a more durable, recession-resilient a
U.S. Multifamily Reset: August Biniaz on Distress, Debt Maturities, and BTR
August Biniaz of CPI Capital joins Chris to unpack why his firm is bringing Canadian capital into U.S. real estate and why he believes the U.S. remains one of the most attractive rental markets in the world. August walks through his path from fix-and-flips and ground-up construction to launching CPI Capital, a firm built to help Canadian investors access U.S. multifamily and build-to-rent opportun
Build-to-Rent in 2026: Where Matt Sinclair Sees Opportunity
This Episode
Matthew Sinclair returns to PassivePockets to break down the build-to-rent market, the state of single-family institutional investing, and why he believes BTR is still in the early innings compared to traditional multifamily. Drawing on his background in real estate investment banking and private equity, Matthew explains why home affordability, demographic shifts, and renter preferen
DLP’s Preferred Credit Fund: 10-11% Target Returns, Loan Tape, and Risk Questions
Episode #281
See what others have to say about the deal and join the conversation:
https://passivepockets.com/forums-listing/discussion/new-deal-dlp-capital-preferred-credit-fund/
Check out the DLP Preferred Credit Fund for yourself:
https://passivepockets.com/directory/deals/dlp-preferred-credit-fund/
This Episode
In this special LP Deal Review episode, Chris Lopez is joined by Adam
Pat Zingarella on Fraud, Sponsor Reputation, and Verified LP Feedback
This Episode
Pat Zingarella joins Chris Lopez to share the story behind Invest Clearly, a platform built to bring more transparency to the private real estate investing world. Pat’s journey started like many BiggerPockets listeners: learning through podcasts, buying his first small multifamily property, making painful mistakes, and slowly realizing how hard it can be for LPs to know who they can
Both Sides of the Table: Paul Shannon’s Complete LP Playbook
Get Paul Shannon's Book, Both Sides of the Table: https://www.amazon.com/dp/B0H4W5D288?spcref=PUBLISHED_PREORDER_LIVE
This Episode
Paul returns to PassivePockets to discuss his new book, Both Sides of the Table, and the lessons he has learned as an LP, fund manager, and GP. He and Chris unpack the difference between being a “syndication consumer” and a true capital allocator, including why new
Christine Kwasny’s Risk Radar: A Framework for Smarter LP Deal Reviews
Risk Radar:
https://netzeroisawin.substack.com/p/introducing-the-risk-radar?utm_source=substack&utm_medium=email&utm_content=share
In this episode, Chris Lopez welcomes Christine Kwasny back to the show to break down the Risk Radar, a visual due diligence tool she built to help LP investors better understand where risk shows up in a private real estate deal. The tool grew out of Christine’s Su
Central Lending Fund Review: Fix-and-Flip Debt, Monthly Cash Flow, and Risk Controls
In this LP Deal Review, Chris Lopez is joined by Adam Cranmer and Christy Burakovsky to evaluate CL Fund III from Central Lending, a private credit fund focused on short-term residential real estate loans for fix-and-flip, ground-up construction, and small-balance investor projects.
Andrew Boccia and Heather Dreves walk through Central Lending’s lending model, portfolio composition, underwritin
Community Roundtable: Treasuries vs Debt Funds, Office “Bargains,” and How to Deploy Cash Now
In this Community Roundtable, Chris Lopez sits down with PassivePockets members Pascal Wagner, Adam Cranmer, and Christy Burakovsky for a candid investor-to-investor conversation on how they’re allocating capital right now and what would make them change course.
Pascal frames the dilemma many LPs are feeling: with risk-free rates near 5% and major macro signals flashing red (record debt loads,
Capital Call Case Studies: Fund It or Walk Away?
Unplanned capital calls are one of the most stressful moments in passive investing, and Chris breaks down exactly how he thinks through the decision to fund or walk away.
In this solo episode, Chris shares two real examples from his own portfolio. First: a “diversified fund-of-funds” that raised $10.6M and deployed across 11 deals. After multiple capital calls tied to the same sponsor (includin
How Operators Win When Rent Growth Stalls: Gary Lipski's Playbook
This Episode
Gary Lipsky joins the show for a real operator’s view of what it’s actually like to run B-class multifamily in Tucson right now; flat-to-negative rent growth, higher concessions, elevated delinquency, and the daily “whack-a-mole” of competing comps dropping rents to protect occupancy.
Chris and Gary unpack how the Tucson market is absorbing new supply, what demand drivers still ma
Is Multifamily Bottoming? 3 Signals to Watch + Tax Moves (Dwight Dunton)
This Episode
Chris sits down with Dwight Dunton, Founder of Bonaventure (launched in 1999), to talk market cycles, risk resilience, and the real-world tax playbook that helps active landlords transition into passive investing without writing a giant check to the IRS on the way out.
Dwight shares the origin story: how a family “mailbox money” apartment investment turned into Bonaventure, and ho
Post-Summit Pulse Check: How Our Thesis Changed + What We’re Buying Next
This Episode
The Pulse Check is back with the full crew. Chris Lopez, Jim Pfeifer, and Paul Shannon reconvene just days after the PassivePockets Summit to unpack what they learned, how their theses got challenged (sometimes in real time), and what they’re actually doing with their portfolios right now.
They talk through why this conference hits differently: top-tier speakers in a small room wh
Debt Fund Due Diligence: The “People, Process, Protections” Framework (Whitney Elkins-Hutten)
Debt funds are having a moment but most LPs still don’t have a clean framework for where private credit fits inside a real estate portfolio, or how to diligence a fund beyond “it’s first lien” and a headline return.
In this episode, Chris Lopez sits down with Whitney Elkins-Hutten to break down a simple (but powerful) portfolio exercise Whitney built for herself: categorize every asset by risk
Operators vs Allocators: A Cash-Flow Blueprint for CRE with Daniel Trevino
Connect with Altruis Capital Partners:
https://reports.alturascapitalpartners.com/quarterly-reports/2025-q4
https://alturascapital.com/
This Episode
Alturas Capital Partners has built a vertically integrated platform across the Intermountain West—and in this episode, Chris Lopez sits down with Daniel Trevino (Director of Investor Relations) to unpack what that “operators first” philosophy
How to Get Better Deal Terms with SPVs | AAA Storage
PassivePockets members have asked for two things over and over: better terms and access to more deal options without writing huge checks. In this special webinar, Chris Lopez breaks down how “community capital” can do exactly that—by pooling investor commitments into an SPV (Special Purpose Vehicle) to unlock lower minimums, stronger economics, and cleaner access to sponsor funds.
Chris is joined
How Aspen Funds Is Winning Industrial | Deal Review
Link to Deal:
https://passivepockets.com/directory/deals/aspen-industrial-growth-fund/
This Episode
Aspen Funds’ Ben Fraser and Ellis Hammond return to PassivePockets for an exclusive LP Deal Review on their Industrial Growth Fund—an industrial land + development strategy concentrated in Kansas City’s “Golden Triangle” submarket. Chris, along with LP panelists Pascal Wagner and Christy Burako
Michael Episcope’s Investing Playbook: Cycles, Credit, and Multifamily
This Episode
Michael returns to the show after a standout LP Deal Review Q&A, and Chris digs into the full backstory: how Michael went from the Chicago Mercantile Exchange—trading interest rate derivatives bell-to-bell—to building Origin Investments into a multifamily-focused platform built around downside protection and long-term compounding.
They unpack how Michael thinks about “edge” as mar
Multifamily 2026 Pulse Check: Supply, Distress, and Where We’re Investing
Chris Lopez is back with Paul Shannon for this month’s PassivePockets Pulse Check, catching up on why Paul stepped back from co-hosting, what he’s focused on now, and what both of them are actually doing with their own portfolios. They get into the real-life tradeoffs that don’t show up in an OM: liquidity vs. deployment, concentration risk vs. investing where you have an edge, and why relationshi
Hotel-to-Multifamily Conversions 101 with Alex Cartwright
Hotel-to-multifamily conversions are one of the most interesting “free market” solutions to the affordable housing crunch, and Alex Cartwright is building his entire business around that niche. In this episode, Chris sits down with Alex to break down how (and when) these conversions actually pencil and why the opportunity exists in the gap between hotel cap rates and multifamily cap rates.
They
Boots-on-the-Ground Due Diligence with Adam Cranmer
Track Record Assets Deal Page:
https://passivepockets.com/directory/deals/morgan-bay-apartments/
A few weeks after an LP Deal Review with Track Record Assets, PassivePockets member Adam Cranmer realized he’d be in Houston, just minutes from the actual property. So he did what most LPs wish they could do: boots-on-the-ground due diligence, in-person operator time, and a full “does this actually
Scott Trench's 2026 Office Thesis with J Scott & Ash Patel
Scott Trench brings a contrarian 2026 office thesis to the table, starting with the idea first, then stress-testing it with three expert investors: Ash Patel, J Scott, and host Chris Lopez. The group debates where office is truly mispriced, what “trophy” means post-COVID, and why “downtown vs. suburbs” might be the wrong framing without understanding tenant demand, floor plates, and lease-up reali
LP Deal Review: Origin Investments Select Asset Fund | Michael Episcope
In this LP Deal Review, Chris Lopez and LP panelist Christy Burakovsky sit down with Michael Episcope, Co-CEO of Origin Investments, for a deep dive into Origin’s Select Asset Fund—an intentionally small, vintage-based multifamily development fund built to deploy in 2026.
Michael walks through the macro thesis (supply peaking, concessions stabilizing, and starts slowing), the fund’s structure (
Market’s “Rolling Recession”: 18-Year Cycle 2026 Update | Logan Freeman
Logan Freeman is back for his 2026 update on the 18.6-year real estate cycle: breaking down where he believes we are right now (still in the “Winner’s Curse,” but with a messy, sector-by-sector twist) and what signals he’s watching to spot a true shift into contraction.
We dig into the big contradictions investors are feeling: transaction volumes and pricing stabilization on one hand, and real
The “Market Metronome” for Deal Stress Tests | Christine Kwasny
Today’s show is part of our Community Spotlight Series, where we feature PassivePockets members who share hard-won lessons to help other LPs invest smarter. Christine Kwasny joins Chris Lopez to walk through a detailed retrospective on her syndication portfolio, what she thought she was buying, what actually happened, and what she’ll do differently going forward.
Christine started investing act
Mastering Capital Protection and Cash Flow in a Volatile Macro Environment through Real Estate Private Lending
FOR MORE - Debt Fund Due Diligence Hub:
www.passivepockets.com/debtdd
Next Steps
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Attend the community Zooms (or watch recordings later)
Dates mentioned in the episode: Feb 18, Feb 25, Mar 3 (check the member dashboard for times/updates)
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Hotels for LPs: Cash Flow & Playbook feat. Jai Desai & Suraj Reddy
Attend the 2026 Summit Conference:
https://get.biggerpockets.com/passivepocketssummit2026/
This Episode
Hotels for passive investors: what actually matters and how it’s different from multifamily. Chris Lopez digs in with Jay Desai and Suraj Reddy on the underwriting stack (ADR, occupancy, RevPAR and RevPAR penetration), why brand fit and comp sets (STAR reports) drive the thesis, and how ope
State of PassivePockets 2026: Survey & Initiatives
Attend the 2026 Summit Conference:
https://get.biggerpockets.com/passivepocketssummit2026/
It’s our “2026 State of PassivePockets.” Chris Lopez (now lead host, alongside co-hosts Jim Pfeifer and Paul Shannon) shares highlights from the 2025 member survey (96% accredited; 91% already LPs), explains why our Net Promoter Score jumped from -4 (2024) to 44 (2025), and unveils three big initiatives
Pulse Check 2025: Multifamily, Debt Funds & Liquidity
Chris Lopez, Jim Pfeifer, and Paul Shannon run a year-end Pulse Check on what worked in 2025, what did not, and where they are deploying capital in 2026. The hosts compare notes on gold and silver, why hard assets helped, and why many expected more multifamily distress than actually appeared. They dig into operator risk, liquidity as an edge, and the niches they like now, from B-class value add wi
Leka Devatha’s Playbook: Creative Exits, ADUs & Value-Add Deals
Chris Lopez welcomes Seattle-based investor/author Leka Devatha to unpack how she built from flips to a diversified active/passive portfolio—plus what’s actually working in a high-cost, tenant-friendly market. Leka breaks down her first LP deal (why operator selection and interest-rate caps mattered), a 12-unit Seattle value-add that tripled gross rents, and the creative lending + multi-exit playb
Scott Trench’s 2026 Playbook: Rates, Rents, and the Office Bet
This Episode
Chris Lopez and Jim Pfeifer sit down with Scott Trench for a frank 2025 recap and a practical 2026 game plan. Scott reviews what he got right (rates staying sticky, supply-driven rent trends) and where the surprises showed up (gold strength, stock market resilience), then opens his playbook: selling a chunk of stocks, buying paid-off 2–4 unit Denver rentals, and allocating a small sl
Maximize 2025, Plan 2026: John Bowens on Solo 401k Deadlines and Roth Conversions
Chris Lopez is joined by Equity Trust’s John Bowens to close out 2025 and prep smart moves for 2026 using self-directed retirement accounts. John walks through contribution and conversion timelines for IRAs, Roth IRAs, HSAs, and Solo 401(k)s, explains the seven-day payroll rule for S- and C-corps, and shares practical strategies like spousal IRAs, backdoor Roths, staged Roth conversions over two t
Residential Assisted Living: Cash Flow, Risks, and 2026 Opportunity
Chris Lopez welcomes Dr. Alex Schloe and Charlie Cameron to demystify residential assisted living. Alex lays out the macro drivers behind the silver tsunami and why small, boutique homes can deliver better care and stronger cash flow. Charlie breaks down the models from LP to lease-to-operator to full operations and development, including typical home specs, licensing basics, private pay vs Medica
J Scott’s 2026 Playbook: Inflation, Rates, and Where Real Estate Wins
Jim Pfeifer and Chris Lopez sit down with investor and author J Scott to recap 2025 and map out what LPs should be watching in 2026. J shares where the year defied expectations (supply, rates, and “real” distress), how he’s positioning for a higher-for-longer rate regime, and the simple filters he’s using to decide between equity and credit today. The conversation covers underwriting discipline, l
Brian Burke’s 2026 Playbook: Small-Multi Deals & What’s Next for Rates
Chris Lopez and Paul Shannon welcome investor and author Brian Burke to look back at 2025 and set the table for 2026. Brian recaps his “end the dive in 25” thesis, explains why his pivot to senior housing has outperformed, and shares what actually surprised him this year. The group digs into supply, sentiment, and rates, plus the difference between perfect and imperfect markets and why small multi
2026 Game Plan, Debt vs. Equity, Rate Cuts Reality
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This Episode
It’s the November PassivePockets Pulse Check. Jim Pfeifer, Paul Shannon, and Chris Lopez share what’s new in their portfolios, the real impact of the Fed’s second rate cut, the tool you should use this month (sponsor revi
LP Lessons From Losses: Julie Holly on Transparency & Recalibration
Chris Lopez and Paul Shannon sit down with investor and educator Julie Holly for a candid conversation about wins, losses, and leadership as an LP and GP. Julie traces her path from house hacking to syndications, shares the “receive & release” mindset she uses to process setbacks, and explains what changed in her underwriting and operator vetting after a tough year, including one deal where misman
Multifamily 2026: Bid-Ask Reality, Distress Signals, and Where Deals Pencil
In this exclusive webinar release, Paul Shannon moderates a market check with brokers Beau Beery, Reid Bennett, and Jakob Andersen. The panel covers where multifamily deals are actually clearing in late 2025, why the bid ask gap is narrowing, and how underwriting has shifted from headline cap rates to year one cash on cash, DCR, and debt yield. They compare Sunbelt supply waves to steadier Midwest
Dave Meyer: The 20-Hour Rule & Systems for Busy Real Estate Investors
Dave Meyer joins Chris Lopez and Jim Pfeifer to unpack the shift from hands-on house hacking in Denver to diversified passive investing. Dave walks through selling select rentals, using a Delaware Statutory Trust for a 1031, and why he caps real estate time at 20 hours a month. He explains dollar cost averaging into syndications for liquidity management, why he still concentrates on multifamily he
Pulse Check: Multifamily Momentum, Debt Funds Rising, Q3 Moves
The Passive Pockets Pulse Check returns with Chris Lopez, Jim Pfeifer, and Paul Shannon. They break down what they bought and what they skipped, how they are reallocating between equity and debt, and the checks they run before wiring capital. Jim shares two new allocations in healthcare and coffee after negotiating a lower minimum for the community and explains invoking the Shirky rule to avoid do
From Pizza Shop to $100M+ Multifamily w/ Gino Barbaro
Host Paul Shannon sits down with Gino (of Jake & Gino) to trace the path from family pizza shop to operating ~1,900 units with no outside equity. Gino breaks down why they paused syndications after 2019, how “PPU—profit per unit” drives their buy/hold decisions, and the exact LP diligence framework he wishes he’d had before losing money as a passive. They dig into today’s tighter credit, catching-
LP Protection 101 with Ryan Duff
Paul Shannon sits down with lender-turned-operator Ryan Duff to unpack how lenders really size risk and how LPs can use the same lens. Ryan financed ~$4B+ across cycles before launching Seaport, and he explains why trailing 3–6 month economic occupancy (physical vacancy + concessions + loss-to-lease) tells you more than any glossy OM. Join us to dive into debt yield, DSCR reality vs. pitch decks,
LP Safety 101: Mauricio Rauld on SEC Compliance for LPs
Host Chris Lopez and Paul Shannon talks with securities attorney Mauricio Rauld about the compliance landmines that trip up syndicators and how LPs can protect themselves. Mauricio shares why he exited his law firm to focus on education and “in-between” guidance (before the PPM), what an SEC lawyer actually does, and the real differences between 506(b) and 506(c). They cover LP recourse (rescissio
Peter Kim's Recession Setup: Asset Classes To Watch
Host Chris Lopez sits down with Peter, an anesthesiologist who became an LP and then a GP, to unpack the career jolt that pushed him into real estate and the systems he built to bring more transparency and advocacy to LPs through Ascent Equity Group. Peter shares his first $5k crowdfunding check (and that unforgettable $47 distribution), lessons from launching in the tough 2021 vintage, and how hi
Rate Cuts and LP Accountability: Pulse Check
Chris Lopez is joined by co-hosts Jim Pfeifer and Paul Shannon for the September PassivePockets Pulse Check, our monthly roundup of what’s moving passive real estate, the shifts we’re making in our own portfolios, and what we expect next.
We unpack the Fed’s recent 25 bps cut (what actually changes for fixed vs. floating debt), why many LPs are rotating toward private credit, and the rules-of-t
Solo 401(k) Made Simple: Bigger Limits, Fewer Gotchas
Host Chris Lopez sits down with John Bowens, CISP of Equity Trust to demystify Solo 401(k)s for real estate investors. John explains who actually qualifies, how to stack contributions up to $70k/$77.5k/$81,250 (2025 limits) and use the “mega backdoor” to Roth, and why Solo 401(k)s can avoid UBIT on debt-financed syndications when IRAs often can’t. They get tactical on plan design- one bank account
Matt Faircloth: Why He’s Adding Hotels (9% Caps), 11% Prefs & 1031 TICs
Host Chris Lopez sits down with Matt Faircloth, author of Raising Private Capital and co-founder of DeRosa Group, to talk hotels, multifamily, and building cash flow today while creating upside for tomorrow.
Matt breaks down why he is adding branded hotels to complement multifamily, how a 9 cap can deliver day one cash flow, and what the real risks are. He also shares simple paths for 1031 sell
Dan Handford: Debt Funds, Reg A Access, and Lessons from 80+ LP Deals
From chiropractor to running a billion dollar portfolio, Dan Handford joins hosts Paul Shannon and Chris Lopez to unpack how he scaled across multifamily, storage, car washes, hotels, and private debt. He shares why he invested as an LP in 80 plus deals to sharpen his GP playbook, how he allocates for durable returns, and where he is leaning today. You will hear candid lessons from floating rate p
Investors Are Pivoting: Industrial’s Edge Over Multifamily with Joel Friedland
Industrial syndicator Joel Friedland joins Paul Shannon to share 40 years of Chicago lessons and why he now buys with little to no debt. They break down a debt-light playbook, how that changes capital raises and returns, and the investor profile that prefers sleep-at-night income. Joel also details his off-market system, what makes a “perfect” small-bay building, and how he creates liquidity and p
Tokenized Real Estate for LPs: Liquidity, Lower Minimums & One K-1
Can blockchain make private real estate more accessible? Paul Shannon speaks with Larry Kalis and Tyler Vinson about tokenization for LPs. They cover TRIFs from American Digital Realty, how RE Tokens enables secondary trading after a one year lockup, and what changes for custody, liquidity, and tax reporting. If you know syndications but are new to tokenized assets, this is a simple, practical bre
Pulse Check: 2025 Updates, Latest Trends & Real Talk on Bad Deals
How do serious LPs sharpen due diligence, avoid shiny objects, and stay liquid enough to pounce? In this PassivePockets Pulse Check kickoff, Jim Pfeifer and Paul Shannon welcome new co-host Chris Lopez to go behind the scenes on community-powered due diligence, share their written investing theses, and walk through real deals they’ve funded, across equity and debt, plus the wins, misses, and lesso
Bob Fraser: This Is Where Billionaires Will Invest in the Next Market Cycle
What do billionaires know about investing that the average person doesn’t? In this episode, Paul Shannon sits down with economist, fund manager, and author Bob Fraser, author of Invest Like a Billionaire, to unpack the strategies, asset allocations, and decision-making frameworks of the ultra-wealthy.
Bob explains why billionaires aren’t chasing “hot” trends, they’re looking for asymmetric risk
Low Equity Splits, IO Loans, and Risky Returns | Dig In or Delete
We’re back with another episode of Dig In or Delete, where Jim Pfeifer and Paul Shannon react to real investment pitches from their inbox and decide whether each one is worth a deeper look or should be deleted on the spot.
This week’s lineup includes a six-property self-storage deal in Arkansas, a triple-net Starbucks opportunity with a 4.5% cap, and a cash-out refinance pitch for a 68-unit apa
Deal Review: Andy Weiner from Rockstep Capital & the Retail Rebound
How should LPs evaluate retail real estate deals, especially when the strategy involves stabilized shopping centers and low leverage? In this episode, Paul Shannon is joined by Andy Weiner of RockStep Capital to walk through a real-life deal and answer questions from a panel of passive investors including expert LPs Pascal Wagner and Adam Cranmer.
Andy lays out his firm’s “hometown market” stra
Scott Trench on FIRE, Flow, and Why He Prefers Real Estate Over Stocks and Syndications
What’s better: FIRE or “flow”? Owning rentals or investing in syndications? Jim Pfeifer and Scott Trench (former CEO of BiggerPockets) go head-to-head in a friendly but fiery debate about cash flow, control, diversification, and what financial freedom really looks like.
Scott explains why, even as a FIRE advocate, he can’t bring himself to follow the traditional 4% withdrawal rule—and why most re
Brian Burke’s Bold Shift: From Multifamily to Assisted Living Investing
What happens when a well-known multifamily operator shifts focus to a completely different asset class? In this episode, Jim Pfeifer and Paul Shannon are joined by real estate investor and Praxis Capital founder Brian Burke to explore his pivot into assisted living, memory care, and skilled nursing facilities.
Brian shares why he's stepped away from multifamily, for now, and what signals led hi
The Capital Stack Is Cracking: Eric Sussman on What LPs Need to Know
What do experienced real estate investors do when deals don’t pencil, the capital stack is shifting, and the data feels contradictory? In this episode, Jim Pfeifer and Paul Shannon are joined by real estate investor, CPA, and UCLA professor Eric Sussman to explore how sophisticated LPs should think about today's economic signals, capital markets, and sponsor behavior.
Eric brings decades of exp
Active vs. Passive Real Estate: Chris Lopez’s Strategy in 2025
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Is your real estate portfolio t
Dig In or Delete | Are Sponsors Overpromising Again?
Real estate deal flow is back but is it better? With inboxes full of syndications boasting high returns and “rare” opportunities, passive investors are under more pressure than ever to separate substance from spin. In this episode of Dig In or Delete, Jim Pfeifer and Paul Shannon return to scrutinize real deals sent straight to their inboxes, highlighting red flags, potential gems, and everything
Mobile Home Parks 2025: Value, Risk, and the End of Easy Returns
Investing in mobile home parks can rebuild your real estate empire efficiently after economic setbacks. How do you navigate this sector to ensure sustainable growth and returns? Kevin Bupp, a seasoned investor with a wealth of experience in various real estate asset classes, shares his journey and insights into this unique investment space.
In this episode, you’ll learn the intricacies of mobil
Turn Taxes into Wealth: Roth Conversion Strategies for Investors
What if you could pay taxes on a smaller amount while investing in the same deals—and then watch your money grow tax-free for decades? In this episode, we explore a little-known strategy that allows investors to convert traditional retirement accounts to Roth at a discount, even when those funds are tied up in illiquid syndications.
Today, we’re joined by John Bowens, a self-directed retirement
How LPs Are Using AI to Analyze Risk and Spot Weak Deals
AI integration in real estate investing allows savvy investors to make faster, smarter decisions and avoid costly mistakes. So, how can you leverage AI tools to evaluate deals and optimize your investment strategy? Leyla Kunimoto, a finance expert and limited partner, joins us to share her insights on using AI for real estate due diligence.
In this episode, you’ll learn how real estate invest
The New Cycle Is Coming: Why Multifamily Is Poised to Rebound by 2027
After a wave of failed real estate syndications and several years of declining commercial real estate prices, passive investors are understandably hesitant to deploy their capital. But despite mixed LP sentiment and economic uncertainty, today’s guest believes there’s reason for optimism and that multifamily real estate is poised to rebound.
Our conversation provides a data-driven perspective f
Triple Net Investing 101: How to Generate Steady Returns in Uncertain Times
What recourse do limited partners have when their fund is being mismanaged? Do triple net leases (NNN) offer safety in an uncertain economy? In this episode, we’re delving into a recent LP-led succession that underscores the latent power of passive investors and a low-risk investing strategy that delivers steady returns in volatile markets.
Today, we’re joined by Zane Schartz, president of Free
Markets More Volatile Than Ever: Pascal Wagner’s LP Investing Guide for 2025
Are you eager to deploy capital but wary of making the wrong decision in this uncertain economic climate? Passive investing could help you capture the long-term gains of real estate—without the operational burdens of active management. Today’s guest provides low-risk, time-tested strategies for any stage of your investing journey.
In this episode, we interview Pascal Wagner—seasoned limited par
How to Create a Passive Income “Engine” That Gives You Financial Freedom
Conventional financial advice keeps you tethered to Wall Street, locking up all your cash in retirement accounts and home equity. But what if there’s a smarter way for passive investors to build wealth? In this episode, we explore the strategies financial institutions adopt but don’t advertise—like using high cash value, whole life insurance to unlock capital and create real passive income.
Tod
Delete or Dig In: Would We Invest in Any of These Deals?
Would you invest in any of these six syndication deals? In today’s episode, we’re trying something new, a “Delete or Dig In” segment, where we pull real deals from our inboxes and break them down on the show. We’ll review their returns, minimum investments, value-add strategies, and timelines—then choose to either “dig in” or “delete” and move on to the next opportunity.
We’ve been sent a strea
“Resilient” Multifamily Investments LPs Are Targeting as Recession Fears Grow
The multifamily market is shifting—again. Construction is slowing down after a historic wave of new delivery, and uncertainty surrounding the new administration, tariffs, and inflation is causing consumers to lose faith in the economy as a recession looms. Passive investors must recalibrate, but how? Stay tuned as we share our multifamily outlook for 2025!
Things are changing rapidly, and to help
Financial Strategist on the Major “Shift” Investors Should Prepare for in 2025
The financial landscape is shifting, with rumblings of a global currency reset threatening to take down the US dollar. What does this mean for limited partners (LPs), syndicators, and other passive investors? How “safe” are your investments in the event of a collapse? We’ll discuss all of this and more in today’s episode.
Financial strategist, investor, and founder of The Raising Capitalists Foun
J Scott on New Sweeping Tariffs: Opportunity or Obstacle for Multifamily?
Sweeping new tariffs are causing sharp economic ripple effects, with stock valuations dropping last week and Americans bracing for renewed inflation. This shift creates both new risks and opportunities for real estate investors—especially passive LPs evaluating upcoming deals. Amid this uncertainty, bond yields and mortgage rates are falling fast—a welcome shift for GPs grappling with bridge loans
Deal Review: Industrial Real Estate Unpacked
In the latest episode of our Deal Review Series, Drew Wahlgren from MAG Capital Investments presents the MAG Capital Industrial Fund III Deal to our LP panel: Paul Shannon, Chris Lopez, and Mauricio Rauld.
The LP Panel asks questions like:
- How many industrial deals have you done, and what’s the performance to date?
- Who handles acquisitions, asset management, and communications with investors?
Multifamily Financing is Shifting: James Eng on Capital Markets in 2025
Jim Pfeifer and Paul Shannon chat with James Eng of Old Capital Lending to unpack today’s multifamily financing landscape. A 20-year commercial lending veteran in both institutional and private markets, James explains how surging interest rates, higher scrutiny on sponsors, and renewed competition in bridge loans are reshaping apartment deals. He also shares why LPs should treat debt as a top prio
Syndication Gaps Alarm Investors: Aleksey Chernobelskiy Warns on Capital Calls & Missing Analyses
Host Jim Pfeifer chats with real estate advisor Aleksey Chernobelskiy, who spent years on an institutional investment team overseeing billions of dollars in properties before shifting his focus to helping limited partners. Aleksey discusses the key lessons he’s learned under “big REIT” systems and how they apply to everyday passive investors navigating the often “Wild West” of syndications. You’ll
Market on Edge: 18-Year Cycle Hitting ‘Winner's Curse,’ Says Logan Freeman
Paul Shannon sits down with Logan Freeman (a.k.a. “Mr. Kansas City”) for a deep dive into the 18-year real estate cycle and how it shapes today’s market. Drawing on the works of economists like Fred Harrison and Phil Anderson, Logan explains why land scarcity and speculative credit often drive real estate booms and busts. He also highlights how investors can prepare for what he calls a “winter’s c
Banks Are Pulling Back: Why Private Real Estate Debt Is Surging with Chris Carsley
Paul Shannon hosts an in-depth chat with Chris Carsley of Kirkland Capital Group to explore the growing world of private real estate debt. Chris explains how private lending is filling financing gaps left by traditional banks, why short-term “bridge” loans for smaller commercial deals can yield competitive returns, and what operational due diligence steps every LP should take before investing. Fro
Self-Directed IRAs & Solo 401(k)s: Unlocking Real Estate Investing with John Bowens
Jim Pfeifer and Paul Shannon sit down with John Bowens of Equity Trust to break down the power of self-directed retirement plans for real estate investors. From the basics of what “self-directed” really means to the nuances of IRAs, HSAs, and Solo 401(k)s, John explains how you can unlock more flexibility and control in building your portfolio. Whether you’re investing in syndications, private len
Battle of the PPM: LP vs. GP Secrets Revealed
We dive into the “battle of the PPM” (Private Placement Memorandum) with two special guests from opposite sides of the table. On the GP side, securities attorney Mauricio Rauld (Platinum Legal) explains how these legal documents protect operators and outline deal structures. Representing the LP perspective, experienced investor Jeremy Roll highlights how to spot red flags, interpret complex provis
Making Millions with Multi-Asset Conversions: Clint Harris Explains How
We explore the world of asset class conversions with special guest Clint Harris, who specializes in turning empty big-box buildings (think old Kmarts and abandoned textile mills) into profitable self-storage facilities. Clint shares why changing consumer needs (especially among younger renters) is sparking new demand for creative reuse, and how savvy operators can use “cap rate arbitrage” to trans
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