231: Building Lives Beyond Bricks With Jim Sheils

The Wake Up Call

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.

Join Paul and Jim in a captivating discussion that delves into both personal and professional realms. This episode explores Jim's expertise in the 'build to rent' niche, his upcoming book "The Passive Income Playbook," and the dynamic landscape of real estate investment.

From the challenges of land development to in-house financing strategies and market expansions, this conversation uncovers valuable insights for aspiring entrepreneurs and investors. The hosts also emphasize the importance of work-life balance and share impactful strategies for success in both family and business life.

Key Points From This Episode:

1. Personal and Professional Journeys:

   • Discussion on personal and professional aspects, including real estate investment and family education.
   • Introduction to their upcoming book, "The Passive Income Playbook."

2. Building New Homes for Rent:

   • Insight into the 'build to rent' niche and its focus on residential properties in high-growth areas.
   • Clarification on the misconception of constructing entire neighborhoods.

3. Land Development for Build-to-Rent Projects:

   • Exploration of the process and challenges of land development for 'build to rent.'
   • Emphasis on starting small with infill lots in established areas.

4. In-House Financing and Market Expansion:

   • Importance of in-house financing for business sustainability.
   • Discussion on expanding into new markets, including Texas and Tennessee.

5. Financing and Investment Opportunities:

   • Insights into the financial backing by Sumitoma, a large Japanese company.
   • Discussion on the benefits of in-house financing and potential investment opportunities.

6. Real Estate Investment and Family Success Strategies:

   • Benefits of real estate investment, illustrated with a case study.
   • Introduction to passive income and active freedom, promoting family success.

7. Teaching, Family, and Tech Fasting: J's Insights:

   • Core elements of family teaching, including the 'one to one principle.'
   • Introduction of 'intermittent tech fasting' for better family relationships.

8. Technology's Impact on Communication:

   • Discussion on occasional unavailability for deeper communication.
   • Emphasis on improved relationships through reduced technology distractions.

9. Work-Life Balance: Prioritizing Family:

   • Personal stories highlighting the negative impact of work distractions on family moments.
   • Importance of prioritizing family over work for personal growth and better relationships.

10. Balancing Professional and Personal Commitments:

    • Insights into scheduling regular time for both professional and personal commitments.
    • Discussion on maintaining a balance and prioritizing time with family.

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About Today’s Guest:

Jim is a partner at Southern Impression Homes, specializing in building rental portfolios in Florida's high-growth markets. The company focuses on Build-to-Rent properties like single-family homes, duplexes, and quads with property management. Jim's real estate experience includes over 2,000 rehabs and ownership of Jax Wealth Investments, which focused on bulk foreclosures.

After a successful joint venture, Southern Impression Homes and Jax Wealth Investments merged in 2022 to better serve the Build to Rent niche. In addition to his real estate career, Jim co-founded 18 Summers, offering keynotes, workshops, and retreats on balancing business success with strong family relationships. Jim and his wife Jamie are bestselling authors of "The Family Board Meeting" on Amazon, providing frameworks that benefit business leaders worldwide in strengthening family connections.