Creative Capital Podcast 132: Avoiding Due Diligence Pitfalls with Sandhya Seshadri

Creative Capital

Josh Ferrari

Investing, Business

5 • 1.1K Ratings

🗓️ 14 January 2022

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sandhya Seshadri has invested as a Limited Partner, Key Principal or General Partner in 3000+ doors totaling $200M in assets throughout the United States and has been a leader in the equities markets for over 20 years. She had moved into commercial real estate due to the tax advantages and the ability to uniquely “force appreciate” each asset. She is passionate about personal and professional growth and she is also active in multiple mastermind groups focused on apartment investing to continuously stay abreast of these changing times, and their impact on multifamily. As such, it has become her mission to help other people capitalize on all of the benefits of real estate investing.

Welcome to another episode of the Creative Capital Podcast. Today, we are sitting down with a woman who has overcome so many real estate struggles and obstacles, Sandhaya Seshadri. She and I had so much fun in this episode and we discussed everything from how she started in the real estate scene, how partnering with the right people helped her scale her business, and she also shares with us how we can avoid due diligence pitfalls. Sandhaya generously explained to us all the different things that we need to focus on and pay attention to avoid any future troubles. I definitely learned a lot for this episode so make sure to tune in until the end!

Introducing Sandhaya to the Episode

An overview of the episode
Sandhaya talks about her background
- Lead sponsor with over 800 doors
- General partner in Dallas
What made her jump into real estate
- Taking advantage tax laws

Getting into 800 Doors

Having the right process in order to scale
- Having team members and make them responsible for things
- Giving ownership to the team members
Having an SOP

Let’s Discuss Due Diligence and Underwriting

Do your own comparative analysis
You have to plan for your taxes
Be familiar with the uniqueness of the local markets
Know your insurances
Think about how you’re going to justify the assumptions for your rent
Understanding the financial and physical impact of the property
Know your numbers accurately

Pod Deck and Core Four

Pod Deck Segment
- Who is the most interesting person you’ve ever met
- What is a common misconception about you
Core Four
Favorite real estate book
Tate’s unique skill that made him successful
Something true about real estate that almost nobody agrees on
Advice for people who want to try real estate investing
Connect with Sandhaya through the links below

Key Quotes:

“So just a lot of little things can completely change the dynamics of your property.” - Sandhaya Seshadri

You can connect with Sandhaya on LinkedIn and Facebook!

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

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Transcript

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0:00.0	You're listening to the Creative Capital Podcast.
0:08.1	You're dying to learn about how you can create wealth through real estate investing, then
0:11.4	you come to the right place.
0:13.7	Join in every week as we go over the ends and outs of real estate investing and learn
0:18.2	how you too can become financially free.
0:23.6	So due diligence is not just in terms of the physical, it's also your lease audit, just
0:27.9	your paperwork, your lease audit, little things like parking and all the other sources of
0:32.5	other income, they can be also quite a bit affected by that.
0:35.9	So I try to make sure all partners are present during our due diligence days at the property
0:41.7	so that each of us can go with one of the main persons inspecting the systems in the
0:46.8	property, like especially if you have an older property with a chiller or even the air
0:50.8	conditioners, you want people climbing the roof and looking at them, making sure you understand
0:55.0	what the cost is of replacement.
0:56.6	What's going on?
0:57.6	Everybody, this is Josh Ferrari, host of the Creative Capital Podcast, and I hope you guys
1:02.3	are excited to be here today because if you've never joined us before, you have no idea
1:07.0	what you're in for or what is about to happen and how your mind is about to be blown with
1:13.5	the sheer plethora of knowledge that our guest today has, and I feel like I'm about to
1:17.6	butcher her name, Sondia Cisadri, and I could have butchered it, I'm so sorry if I did,
1:24.9	but I got it right when I actually introduced her, so you'll hear it when I actually introduced
1:29.2	her because I was able to ask her how to pronounce her name before I said it.
1:32.1	But anyway, she is nothing shy of a go-getter, of someone that knows what they want and
	...

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