Ensuring your sponsor’s values align with yours and they are putting your best interest as an investor are the key points you should consider and are the most important. Today’s guest, Isaac Satten, shares his experience vetting sponsors and leaping into passive investment. He also shares his current reverse engineering goal and how passive income has helped him create core memories with his family and make significant changes in his career.

We also delve into his learning process, how long it took him to deploy his capital, when he started listening to podcasts, and how it helped him set up his financial life. Tune in now and learn how passive investment has allowed him to achieve this work-life balance! Don’t miss it!

Key Points From This Episode: 

• Isaac shares who he is and what he does in his day job.
• Isaac’s story on how he got started in multifamily investment and syndication and his portfolio.
• How long did it take for Isaac to deploy his capital from his learning process and when did he start listening to podcasts?
• What was going through Isaac’s mind when he got a hold of sponsors?
• Isaac talks about what’s on his mind after receiving his first Private Placement Memorandum (PPM) and how long it was.
• How many syndications is Isaac in now?
• Isaac’s metric or system in dividing which asset class he’s going into.
• Why is it important for Isaac to look for his sponsor’s materials and communication?
• Isaac explains what reverse engineering goal he’s currently working on right now.
• How passive income helps Isaac make core memories with his family and make big changes in his career.
• Isaac’s secret on how he keeps track of of many different syndications.
• Isaac’s advice to new investors about where they should start.
•  Isaac’s advice for advanced investors and what he suggests them to press into and pursue. 

Tweetables:

“I have these vivid memories of just consuming hours and hours and hours of podcasts content, of course, finding my way to the BiggerPockets forums, reading as many blog posts as I can.” - Isaac Satten

“The goal was just to see kind of a sizable cash flow come in month over month and transform both my personal portfolio but then also what influence can that have on my lifestyle.” - Isaac Satten

“I think the thing that stands out to me are the sponsors who actually want to get to know me and understand what my motivation is for investing. If they're really good, they'll be able to zero in on my concerns pretty quickly.” - Isaac Satten

“In terms of diversification, I'm still attracted to the physical diversification across the country, but I think I'm getting more comfortable with when you have those good jockeys, you stick with them. I think that's really important, finding the sponsors that you trust that are going to do right by the investors no matter what.” - Isaac Satten

“I think just because this particular deal says they're going to have the highest prep or the highest IRR, and the shortest amount of sale period, doesn't necessarily mean it's the best deal. You have to dig deeper, and maybe at the point where you're okay with the sponsors, who are saying, hey, you know, this is more of a realistic picture. If you can hit the realistic picture versus maybe get to the ideal situation, I'll take that realistic picture every single time.” - Isaac Satten

Links Mentioned in Today’s Episode:

The Family Board Meeting Book
Isaac Satten on LinkedIn
Millionaires Unveiled Podcast

About Isaac Satten
Isaac Satten is the Director of Client Communications for IBISWorld.