Episode 90

full
Published on:

29th Dec 2023

Jim Sheils | Mastering Real Estate Investing and Family Harmony

In this episode of Passive Wealth Principles, join host Jake Harris as he engages in a profound conversation with Jim Sheils, a notable real estate investor and author. Jim shares his insightful journey of building passive wealth while maintaining a strong focus on family life. He delves into the crucial balance between work and personal life, and his innovative concept of family board meetings.

Episode Highlights:

The Importance of Family in Business Success:

Jim discusses how prioritizing family life and creating a balance with work is essential, and how this philosophy has been a key driver in his success.

Build-to-Rent Real Estate Strategy:

Learn about Jim's transition to the build-to-rent approach in real estate investing, which offers benefits like generating passive income and buying back time.

Teaming Up and Utilizing Skills:

Jim emphasizes the significance of recognizing one's skills and collaborating with others who have complementary abilities to create a more robust and successful business model.

Family Rhythms and Honest Relationships:

The conversation covers the establishment of solid family routines for stability and connection, and the importance of vulnerability and honesty in personal and professional relationships.

Owning Less for More Quality:

Jim shares his philosophy of owning fewer but higher quality items, a principle that extends to various aspects of life.

The Role of Vulnerability in Business and Family:

Discussion on how being vulnerable and real in all aspects of life, including business, can lead to significant growth and stronger relationships.

The Impact of Sincere Apologies and Authenticity:

Jim talks about the power of sincere apologies in resolving conflicts and the importance of being authentic in a world often filled with pretense.

Investing in Coaching for Growth:

Jim advocates for the value of investing in coaching and seeking help, highlighting how this can lead to both personal and professional development.

Key Takeaways:

Prioritize family life alongside business endeavors.

Consider build-to-rent as a profitable real estate strategy.

Leverage personal skills and collaborate for greater success.

Establish family routines and practice vulnerability and honesty in relationships.

Focus on quality over quantity in possessions and experiences.

Be sincere and authentic to build stronger connections and resolve conflicts.

Value coaching and external guidance for continued growth and development.

Stay Connected:

Visit https://passivewealth.com/ for more insightful episodes.

Join the Passive Wealth Tribe Facebook group for engaging discussions - https://www.passivewealthtribe.com/group

Follow Jake Harris on Instagram @jake.realestate for updates and insights.

Conclusion:

Join Jake Harris in this enlightening episode of Passive Wealth Principles, as Jim Sheils shares his invaluable experiences and philosophies on balancing family life with business, the strategic approach to real estate investing, and the importance of authenticity and vulnerability in all walks of life. Be inspired by Jim's journey and apply these principles to enhance both your personal and professional endeavors.

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About the Podcast

Passive Wealth Principles
Contrarian Investing for Cash Flow and Freedom
You are listening to the Passive Wealth Principles Podcast. Your host; Jake Harris is the founder of an award-winning real estate investment firm and actively investing in commercial real estate all over the country. This show allows you to tune into interviews, dive deeper and deconstruction many passive wealth principles not just from investing but tactics, strategies, and many fascinating ways in which people have achieved levels of passive wealth.

Through my nearly 20 year career as a professional investor, I have built an amazing network of people and come across some super-savvy investors that not only have a unique stance on the marketplace but look at the same problems we all face and many times have come up with a simple but unconventional approach to solving them.

So come be a fly on the wall. Enjoy the conversations and these amazing passive wealth principle lessons.

Learn more: https://www.catchknives.com/

About your host

Profile picture for Jake Harris

Jake Harris

A sought-after expert and gifted story teller with contagious energy, he inspires everyone around him with encyclopedic research. He can take complicated ideas and convey them simply and clearly for everyone to understand. As a founder and managing partner of an award-winning commercial real estate firm, he has authored a #1 bestselling book (CatchingKnives). He has been featured in many publications including The NY Times & Yahoo Finance, he is a frequent speaker, podcast guest, and a highly valued coach. He uses those superpowers to pioneer cutting-edge bold design into an exciting hotel, infill, and adaptive reuse projects across the country. To date has purchased and sold1200+ properties in23 states and amassed a commercial real estate portfolio of iconic properties. He earned a master's degree in International Real Estate, sits on the FIU real estate board, is an accreditedCongress of New Urbanism city builder, a member of CCIM, Urban Land Institute (ULI) and holds a CA real estate brokers license.