Jim Sheils is a full-time real estate investor for over twenty-two years, completing over 2,000 acquisitions and rehabs. After his start in Bakersfield CA, he came to Florida to follow the long-term growth patterns he was seeing predicted for the southeastern United States. Post 2008, his company, Jax Wealth Investments focused on bulk foreclosure acquisitions for several years until creating a joint venture with Carter and Chris Funk to focus on the emerging “Build To Rent” model. In 2022, after over $300 million in deals together, Jim came on as a full partner in SI Homes. Jim’s own real estate investments have allowed him to travel the world with his beautiful wife and five children. In addition to real estate, Jim is co-founder of the company 18 Summers and #1 – Owner of Silver Spur… Wall Street Journal best-selling author of the popular book “The Family Board Meeting”. His family talks have been delivered on stages worldwide.
What You’ll Learn From This Episode:
- Insights into Jim’s transition from bold foreclosure acquisitions to the emerging build-to-rent model.
- The founding of SI Homes and its focus on building rental properties, completing over $300 million in deals.
- The importance of building real estate portfolios that provide financial stability without creating a second or third job.
- The benefits of investing in second-tier markets in Florida, considering factors like affordability, growth patterns, and landlord-friendly laws.
- Jim’s shift from rehabbing older properties to focusing on new construction and the advantages of this approach.
- The Family Board Meeting concept and its role in maintaining a balanced family life while building a successful career in real estate.
- Practical advice for novice real estate investors and the significance of starting with one property.
Resources Mentioned in this Episode:
- Jim Shields’ co-founded company: 18 Summers
- Jim’s book: The Family Board Meeting
- SI Homes: Official Website
Note: Links provided for informational purposes; listeners are encouraged to explore further based on their interests.
