WS1922 Avoiding Rookie Mistakes in Real Estate Investing | Steve Suh

In this episode of The Real Estate Syndication Show, guest host Jim Pfeifer had the pleasure of speaking to Steve Suh, a seasoned ophthalmologist and a savvy passive investor in real estate syndications. Steve is not only a colleague and friend but also a co-founder of Leftfield Investors. He shared invaluable insights from his 14 years of experience in passive investing, which he has also detailed in his new Amazon bestselling book, "Avoiding Rookie Errors as a Left Field Investor."

Steve emphasized the importance of learning from others' mistakes to avoid common pitfalls in real estate investing. He drew parallels between his surgical practice and investing, highlighting how both fields can benefit from understanding and avoiding past errors.

Steve's journey has been marked by both successes and setbacks. He candidly shared his initial forays into oil and gas syndications, which turned out to be a Ponzi scheme, and his subsequent investments that did not yield the expected returns. Despite these challenges, Steve's commitment to real estate remained unshaken, and he learned to diversify his investments across asset classes, sponsors, and geographies.

One of the key takeaways from this conversation was the critical role of the operator in a syndication deal. Steve stressed the need to vet not just the syndicator but also the third-party management team that handles the day-to-day operations of the investment.

Listeners interested in connecting with Steve or learning more about Leftfield Investors can reach out via email at steve@leftfieldinvestors.com or visit the website leftfieldinvestors.com. Steve's book is available on Amazon and through a link on the Leftfield Investors website.

Today’s guest host, Jim Pfeifer, is the Founder & CEO of Left Field Investors – a Community of like-minded individuals interested in creating financial freedom through passively investing in real assets that generate real cash flow. The Community works together to provide education, a network and deal flow for its members. For more information, you can visit www.leftfieldinves or reach out to Jim via email at jim@leftfieldinvestors.com.

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