Advice from Expert Real Estate Investor Jim Sheils
Welcome to RentRedi’s Investor Spotlight series! We’re highlighting investing experts & their real estate investing tips.
Our Investor Spotlight features real estate investing tips & quickfire questions about the tools, advice, routines, and strategies beginners & professionals use to grow their businesses and gain passive income.
Let’s dive in!
Real Estate Investing Tips from Jim Sheils
1. What’s your favorite app (real estate-related or not)? Zoom – I prefer face-to-face interactions.
2. How many hours a night do you sleep? 7 hours
3. What’s the best piece of advice you’ve ever received (real estate-related or not)? Niche down and work within your unique abilities.
4. Do you invest out-of-state? Yes
5. Have you ever house hacked? Yes
6. Do you have a go-to paint color for your rentals? Eggshell white
7. How long does it take you to analyze a property for investment? Depends on the property – 10-15 minutes on a simple residential
8. How old were you when you purchased your first rental property? 24
9. Hard money loan or conventional? Used both in career
10. What is the #1 piece of advice you would give a new real estate investor just starting out? Buy less of Better Quality
11. What made you want to invest in real estate? Saw it produce residual income for others and read stat that said 8 out of 10 millionaires made their money in Real Estate
12. What’s a landlord “hack” you use to make your life easier? New Construction Rentals in Better Areas
Jim Sheils Bio
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 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. His expertise in sales, marketing and capital raising were a perfect blend to support Florida’s growing niche. He was also a principal owner of the Island Oak RV Resort, playing a key role in the development and design of this company project.
In 2022, after over $300 million in deals together, Jim came on as a full partner in SI Homes. This dynamic partnership has enabled him to better develop key initiatives and relationships with both clients and strategic partners.
“Passive income real estate has changed the direction of my life and so many of our clients lives. I have every intention to keep doing it and on an even larger scale for all involved.”
Jim’s own real estate investments have allowed him to travel the world with his beautiful wife and five children. It gave him the space and ability to donate a kidney to his father and enjoy his favorite pastime of surfing. He is also active in many charities and service organizations.
In addition to real estate, Jim is co-founder of the company 18 Summers and #1 Wall Street Journal best-selling author of the popular book “The Family Board Meeting”. His family talks have been delivered on stages worldwide and are a matching core value for our team and many of our clients.
Jim’s social links:
LinkedIn: https://www.linkedin.com/in/jimsheils/
Websites: www.jjplaybook.com
www.southernimpressionhomes.com