TME 18 | The Underwriting Lie: Most Capital Raisers Don’t Know Their Own Deal With Sandhya Seshadri

She began in corporate tech with an Electrical Engineering degree and an MBA, then pivoted to real estate — and now oil & gas. Sandhya Seshadri explains why she focuses on pre-drilled, proven wells for stronger cash flow and tax advantages, how she underwrites energy deals (breakevens, operator scale, transparency), and why trust and education win in capital raising. We cover temporary GP elections for year-one tax treatment, modeling crude-price scenarios, and how to speak to LP risk honestly. If you raise capital, this will sharpen your pitch — and your due diligence.

Bullet Point Highlights:

- Corporate tech → real estate → oil & gas pivot

- Focus on proven locations / multi-well programs to reduce dry-well risk

- Double-digit cash flow; many investors target capital back in ~2–3 years

- Due diligence: operator scale, track record, county records, breakevens

- Year-one GP elections for IDCs/depletion; confirm with your CPA

- Raising in 2025: radical transparency, education, fewer but deeper LP relationships

- Only promote deals you’d invest in yourself; diversify and address risks up front

- Core values: integrity, health, balance, and building a business that lasts

Links from the Show and Guest Info and Links: Seth Bradley’s Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en Sandhya Seshadri’s Links: https://www.instagram.com/sandhya_multifamily/ https://www.linkedin.com/in/engineered-capital/ https://www.facebook.com/sandhya.sseshadri/