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In this Topical Tuesday episode, I spoke with Josh Satin who is the Chief Investment Officer & Managing Partner of Gelt Venture Partners where he leads the firm's multifamily investment strategy, overseeing acquisitions, asset management, and financing. Be sure to tune in if you're interested in learning about: Why raising equity is harder than ever and how top firms are adapting. Strategies for funding deals in a challenging market. Market-specific strategies for maintaining occupancy and maximizing NOI. How hiring the right team and leveraging technology drive performance. To your success, Tyler Lyons Resources mentioned in the episode: Josh Satin Website Interested in learning how to take your capital raising game to the next level? Meet us at Capital Raiser's Edge. Learn more here: https://raisingcapital.com/cre
Slocomb Reed interviews Josh Satin, managing partner of Gelt Venture Partners, who shares insights into his journey from professional baseball to real estate investment. Josh discusses his recent acquisition of a multifamily property in San Diego, detailing the business plan, value-add strategy, and the operational challenges faced in the current market. He emphasizes the importance of market knowledge over asset quality, shares lessons learned from past mistakes, and explains how he manages rising insurance costs. Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices
In this Topical Tuesday's episode, I spoke with Josh Satin who is the Chief Investment Officer for Gelt Inc., where he is tasked with sourcing, underwriting, and analyzing all multifamily investments. In this role, he has been involved in the acquisition of 4,750 units valued at nearly $991 million. Be sure to tune in if you're interested in learning about: His outlook on the macro-economic picture and how investors can mitigate risk if we are in an environment with a prolonged period of higher inflation and interest rates How to think about exit cap rate assumptions based on various key factors How to select optimal debt terms - fixed or floating rate, as well as debt term (5 year, 7 year, 10 year) His biggest investing mistake and how to avoid it How operators can optimally position themselves to get offers accepted in a "best and final" round To your success, Tyler Lyons Resources mentioned in the episode: Josh Satin Episode 492 Website Email Interested in investing with Asym Capital? Check out our webinar. Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital? Check out our new FREE webinar - How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register. CFC Podcast Facebook Group
PASSED BALL SHOW #89 7/16/2013 Part 2 WITH CALVIN MADURO; I open up by remembering Disco Demolition Night and who was the case of that disaster. I talk about the significance of Cesar Tovar's feat of playing all 9 positions in a single game. The several players that returned to big leagues after prolonged absences to fill roster spots from players serving in WWII. I compare Josh Satin's start to that of Kevin Maas. I speak with former Phillies and Orioles RHP Calvin Maduro about being the 1st MLB pitcher from Aruba, playing in the WBC and being knighted
In this Topical Tuesday's episode, I spoke with Josh Satin, who formerly spent 4 years as a professional baseball player in the New York Mets organization before retiring and entering the world of commercial real estate. Now, he serves as the Chief Investment Officer for Gelt, Inc., who is a real estate investment firm with a portfolio valued at over $2B. Be sure to tune in if you're interested in learning about: Who the most important people are to build relationships with to create maximum deal flow The best skills and tactics for building and nurturing relationships with brokers Why Gelt has been doubling down on quality assets and quality markets What he things the future looks like for value-add multifamily and why he believes Gelt will be in it for the long term To your success, Tyler Lyons Resources mentioned in the podcast: 1. Gelt Inc. 2. Josh Satin: Email Twitter 3. Keith Wasserman (Gelt Partner): Twitter Interested in investing in ATMs? Check out our webinar. Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital? Check out our new FREE webinar - How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register. CFC Podcast Facebook Group
Josh Satin is the Director of Acquisitions at Gelt, Inc. He is an experienced multifamily and mobile home investor involved in the acquisition of over 3300 units valued at over $300 million. He is a former Major League Baseball player for the NY Mets and Cincinnati Reds and started his investing journey while still playing baseball by working with a mentor who exposed him to passive syndication investing. In this episode, Josh talks about the importance of an experienced sponsor, understanding the expenses and knowing the story behind the markets you invest in.Josh talks about looking at various different industries and jobs after he retired from baseball and how he kept looking until he found his passion in multifamily investing. He mentions that he had a trusted mentor that helped him begin in the business and helped develop his interest in real estate while he was still playing baseball.Josh discusses how location is essential when selecting investments, but it's more than just job and wage growth. The investor needs to look at the story as to why that location is experiencing growth and understand how sustainable and widespread those growth metrics are. He talks about using a rent-controlled market as a positive as it keeps competitors away and you can find success if you understand and work within the regulations in the market.Josh talks about the importance of finding the right sponsor and how critical that is to the success of the passive investor. He mentions how important it is to understand the proforma expenses that sponsors use for their financial projections. He also cautions that many sponsors underestimate the costs to operate the property which can lead to real problems if rent growth comes in under expectations.Podcast Josh recommends:Cash Flow Connections with Hunter ThompsonJomboy MediaTo connect with Josh, go to josh@geltinc.om or go to www.geltinc.com.If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com.Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community. Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.
Today our guest, Josh Satin, is a very experienced multifamily and mobile home park investor. As the Director of Acquisitions at Gelt Inc., he has been involved in the acquisition of 3,300 units valued at nearly $530 million. He was also instrumental in helping to start Happy Homes Communities. Since HHC’s inception in 2017, Josh has been involved in the acquisitions of eight mobile home parks totaling over 1,000 spaces. [00:01 – 05:01] Opening SegmentI talk briefly about great values that await you in this episodeI introduce the guest, Josh SatinJosh talks about his background and investment experienceFormer Professional baseball player for the New York MetsHe started with passive investment on Real Estate in 2010Worked with Gelt Inc. since 2016 [05:02 – 16:16] Tips on investingHis early years as a passive investorJosh talks about the advantage of being an educated investorThings to look at when investingGrowth assumptionsExit capBudget for reservesJosh talks about the role of debt in their investments [16:17 – 22:07] Passive investmentsThe importance of checking the numbers and business plan as a passive investorThings to look for in passive investmentsTrack recordTheir motivation and effortNetwork and relationships in the market [22:08 – 30:51] Closing SegmentQuick break for our sponsorsWhat is the best investment you've ever made other than your education?His First Investment What is the worst investment you ever made?Mobile Home Park in PennsylvaniaWhat is the most important lesson that you've learned in business and investing?Relationships are everythingConnect with Josh. See the links below. Tweetable Quotes:"Overpay if you have to for quality assets in quality locations, but don’t stretch one ounce for mediocre deals in bad locations.” Josh Satin“You can make deals look better or worse based on your exit cap.” - Josh Satin“Every passive investor, if they can, checks the numbers. What their plan is to get that return, and how risky that plan is to get that return.” - Josh Satin“Relationships are everything, especially in our business. Because anyone can learn how to underwrite deals. Anyone can learn how to figure out if a location is growing. But not everyone can build relationships in order to win deals and make deals happen.” - Josh Satin Resources Mentioned:Gelt Inc. Happy Home Communities Connect with Josh, send him an email at Josh@geltinc.com LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.
Welcome to Amazin’ Avenue in Conversation, a new podcast from Amazin’ Avenue where we invite interesting people on the show to talk about themselves, the Mets, and more. This week, we welcome former Met Josh Satin onto the show. Josh played for the Mets from 2011-2014, and made his name as a corner infielder and pinch hitter extraordinaire. He was an early Amazin’ Avenue favorite, and couldn’t have been a nicer guy. Follow him on Twitter (@joshsatin), and check him out next time he’s on SNY. You can listen or subscribe to all of our wonderful Amazin’ Avenue Audio podcasts through Apple Podcasts, where we encourage you to leave a review if you enjoy the show. It really helps! And you can find us on the Stitcher app, Spotify, or listen wherever you get podcasts. Check out AmazinAvenue.com for all your Mets needs, and make sure to follow the site on Twitter (@AmazinAvenue), as well as host Brian Salvatore (@BrianNeedsaNap). Learn more about your ad choices. Visit megaphone.fm/adchoices
On the latest episode of Shea Anything, Doug Williams is joined by former Met Josh Satin as guest co-host! They guys talk about playing out of position, the managing style of Terry Collins, and how the members of the Mets starting rotation stack up today compared to their days coming up through the system. Josh also talks about former teammates Justin Turner, Daniel Murphy, and other guys he still keeps in touch with. Don’t forget – we want hear from you! Go to SNY.tv/SheaAnything and upload a video or audio clip of your take on the Mets. Keep it to 30 seconds or less, make it good, and you may be on the show!
In Episode 83 of For All You Kids Out There, Jeffrey and Jarrett are well rested from an afternoon of drinking (and in Jeffrey's case, also morning jagerbombs) at our podcast meet up this past weekend. So we can focus on the Mets professed lack of need for starting pitching, the Athletics and Astros prospect lists (which are marginally more interesting than last week's teams), and Josh Satin and David Wright's night on the town. In the second half of the show, we are joined by Jon Bernhardt of FanRag Sports to discuss Giancarlo Stanton and Shohei Ohtani again. And then in the third half of the show we answer your e-mails, before closing the episode by literally just listing off Winter League rosters and UFC division rankings.
Keith Wasserman founded Gelt Inc. in 2008 during the height of the recession and financial meltdown. Keith has been involved in the acquisition of several commercial, industrial, and residential properties mainly in the Western US and now totaling over $1 billion in assets. As co-founder of Happy Home Communities in 2017, Keith added the manufactured home venue to the growing list of entrepreneurial ventures he’s involved in. He oversees the company’s operations, marketing, investor relations, acquisitions, leasing, development, and disposition services. Keith not only leads Gelt’s charitable giving program but recently he and Damian Langere formed The Gelt Foundation, a 501(c)(3) public non-profit, whose focus is on helping renters avoid eviction and stay in their apartments during an unexpected financial emergency. Josh Satin joined Gelt in 4th quarter 2016 and has already been instrumental in several acquisitions as well as helping spearhead Gelt’s foray into the Manufactured Home arena. As Gelt’s Acquisition Manager, Josh seeks out, negotiates and helps finalize the purchase of properties to add to Gelt’s ever-burgeoning portfolio. He has also been instrumental on the investor side both in building and supporting our Gelt's relationships and also in identifying new investors for select deals. Josh is a two-time All-American baseball player who was drafted by the New York Mets after completing his degree in Political Science from UC Berkeley in 2008. He played parts of four MLB seasons before retiring in 2016. Josh brings with him many years of organized team development, support and vision and is a true asset to the Gelt team. Interview Links: Gelt Inc. If you have enjoyed our podcast, please share with friends and family Please Subscribe, Rate, and Review on Itunes so more people can find us! so more people can find us! Please Support Us by Becoming A Patron on Patreon Open Your Goldmoney Account & Get A 5% Bonus Support Our Sponsors Gelt Inc., is committed to providing investors with quality, cash-flowing investment opportunities and is seeking to acquire multifamily, retail, and mobile home park properties in the Western United States with an emphasis in California, Utah, Nevada, Arizona, Colorado, and Oregon. www.geltinc.com The Real Asset Investor, create value for investors looking for higher yield returns from real estate ventures domestically and also internationally and other real asset classes such as ATM's. www.therealassetinvestor.com Joint Ops Properties, have designed a system to take any beginner to an experienced deal making investor in the least amount of time, offering opportunities from basic education, coaching, bridge investing to turn-key investments in the cash flowing market of St. Louis, MO. www.jointopsproperties.com Norada Real Estate helps take the guesswork out of real estate investing. By researching top real estate growth markets and structuring complete turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability. www.noradarealestate.com Valhalla Wealth Financial, reclaim the banking function within your own life with the premier strategies of the Wealthy. www.valhallawealth.com Audible, download any audio book for FREE when you try Audible for 30 days www.cashflowninjabook.com Thanks so much for joining me again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post! Also, please leave an honest review for the Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don’t forget to subscribe to the show on iTunes to get automatic updates, please follow me on twitter @mclaubscher and Instagram, @cashflowninjapodcast. Until next time! Live a life of passion and purpose on YOUR terms, M.C. Laubscher
First Time Long Time: The New York Mets Podcast You Never Knew You Needed
Hey there, sports fans! It's the dead of winter, it's cold--everything sucks. But instead of standing on the train platform and having an awful conversation with a stranger about the weather, you should listen to some First Time Long Time. This week, while waiting for Sandy to make moves, we got in touch with former first baseman Josh Satin, who talked to us for a long time about: - Playing for Terry Collins - Handling the pressure of playing in New York - Talking to baserunners while playing first - Flipping balls into the crowd after innings - Coming up as a third baseman behind David Wright - And having Howie Mandel...yeah, that Howie Mandel as a family friend. Enjoy, and Let's Go Mets.
Former CAL infielder Josh Satin joins host Brett Thomas inside the Section925 Podcenter to talk about Satin's professional baseball career in New York and now in the Padres' organization. The Los Angeles native also reflects on Kobe Bryant's 20-year career and ponders Jared Goff in a Rams jersey.
This podcast has a long history of having news break shortly after we stop recording, especially during November and December, but even by our standards this week was impressive. Jeffrey and Greg have a lovely conversation about losing out on Ben Zobrist and the subsequent Neil Walker trade. We also answer your e-mails. Then an hour after we finished recording, the Mets signed Asdrubal Cabrera. So we picked back up 48 hours later with Jeffrey and Milo breaking down that deal and checking in on more famous Republic of Ireland soccer players and Josh Satin (not a Republic of Ireland soccer player). THEN A HALF HOUR AFTER THIS WAS FINISHED MICHAEL CUDDYER RETIRED....so...back to the podcasting stations, as Jeffrey and Kate discuss that happening. Learn more about your ad choices. Visit megaphone.fm/adchoices
This weeks castaway is the host of the Amazin Avenue Audio podcast Jeffrey Paternostro. Jeff writes articles for the Amazin Avenue website also. We hear about life growing up in Connecticut, where his 'love' for Josh Satin comes from and why we need to have more patience with our rookie players. For this and much much more tune into the latest Mets broadcast from our mysterious island that as usual has a belting soundtrack throughout. LGM http://www.amazinavenue.com/ http://www.amazinavenue.com/amazin-avenue-audio