In 2014 Jim was laid off from corporate America after 22 years. He dreaded the thought of returning to the rat-race lifestyle and real estate investing gave him a way out. Between 2014 and 2018 Jim purchased 28 doors across three states. Currently he and his family live comfortably off of the cash flow.
After retiring too young, Jim was recruited to the Atlas team. Working at Atlas allows him to live his passion, share his story and help others along their path to financial freedom through real estate investing.
At Atlas, Jim serves as an advisor to investors seeking to maximize their returns without taking excessive risk. He’s always willing to share his bench of tried and tested vendors to help along the way.
Outside the office Jim enjoys spending time with his wife and two teenage boys. He can often be found skiing in CO, UT or MT. After the snow is gone his focus turns to golf.
Why did you choose to work with Atlas Real Estate?
I credit Atlas for changing my focus in 2014 from fixing and flipping to buying and holding. The benefits of passive income have allowed me to reach financial freedom and I am so grateful to Atlas for showing me the way. Years later, Atlas has given me the opportunity to work with their owners/clients on their financial goals while sharing my successes and failures. As a bonus, I get to be surrounded by the best and brightest investors that I have ever met. Everyone at Atlas shares a common vision and we have a blast doing what we do. It’s not a job if you love the work.
What is the greatest challenge you see in real estate and how do you work towards overcoming it?
We live in a world of instant gratification and shiny objects. Folks are drawn to what is glamorous such as high-end fixing and flipping or the next trend such as short-term rentals. I know because I was one of them. Buying and holding property where the working-class lives are neither glamorous nor trendy: It’s been done for thousands of years. Yet, the income and wealth created from a decent rental portfolio provides passive income that allows us to quit our jobs and do whatever we want with our time whereas the glamorous and trendy investments simply become another job.
My challenge is to inspire, educate and motivate anyone who will listen about all the benefits that passive income provides. The biggest reward is putting someone into a great investment and watching him or her grow financially and intellectually.
What is at the top of your bucket list?
Mike Wigley Heli Ski
What is the greatest advice you’ve ever received?
Be grateful and let it be known. Everyone knows something that you don’t but should. Find it in your heart to forgive. Buy real estate today!
What recreational activities do you enjoy?
Steep and deep, birdies, and Warrior 2.
Where is your favorite place to visit?
Guys ski trips to Alta, UT and family SCUBA diving trips to the Caribbean.