Podcast appearances and mentions of danny randazzo

In this episode, we feature Danny Randazzo, the Founder and Managing Partner of passiveinvesting.com, overseeing an impressive portfolio with over $1.4 Billion in assets under management. Join us as we delve into the origins of his partnership and uncover the essential principles for establishing a thriving multifamily investment firm. Danny also shares insights into balancing his personal life and business, showcasing his ability to create flexibility for both his family and professional pursuits. Discover how Danny has seamlessly integrated his world to achieve success in all facets of life. Where to Find Danny Randazzo: Website: passiveinvesting.com LinkedIn: https://www.linkedin.com/in/danny-randazzo-61126449/

Danny Randazzo is the managing partner at PassiveInvesting.com where they help accredited investors achieve their financial goals and generate passive income. PassiveInesting.com has over One Billion in assets and focuses on institutional quality multifamily properties, self-storage facilities, express car washes, hospitality, and lending.Tune in to this episode as Danny Randazzo talks about his experience in business and his strategies for success![00:01 - 03:59] Opening SegmentWe welcome, Danny Randazzo!Danny is one of the co-founders of Managing Partners of PassiveInvesting.comHow he shifted his focus to Class A newer products built within the last 5 to 10 years [04:00 - 22:18] Capital Preservation StrategiesHis company provides great educational products and seminarsCapital preservation, multi-family opportunities, self-storage, and express car wash spaceHis emphasis on being in charge of one's own money and wealthHis lending business launched a year and a half ago with 169 million in loans to dateHis investment goal is to buy at a discount, fix up, and list quickly to turn a profit[22:19 - 33:06] THE FINAL FOURWhat's the worst job that you ever had?Worked at a lawn mowing businessWhat's a book you've read that has given you a paradigm shift?“The Roadmap to Financial Success” by Danny RandazzoWhat is a skill or talent that you would like to learn?To be fluent in ItalianWhat does success mean to you?Danny Randazzo says, “The ultimate definition of success is really being fulfilled with who you are, what you do, and who you can help.”MFIN CONFERENCE - June 12-14 in Charlotte www.mfincon.comUse promo code: YONAH to get $200 off your ticketConnect with Danny Randazzo: Website: Passive InvestingLinkedIn: Danny RandazzoLEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:“Be in charge of their money, be in charge of your wealth and your personal portfolio. Don't rely on others to manage it for you. You need to be the champion for that.” – Danny Randazzo“What really separates entrepreneurs from being productive or successful in their own right versus being highly successful and highly effective. It takes not only hard woSupport the show

Danny Randazzo is an author, entrepreneur, host of a mastermind, national speaker, and volunteer. His financial freedom journey started at five years old, and today his company owns $130,000,000 in real estate. Top 3 Value Bombs: 1. Everyone is responsible for their own success, their own freedom, and their own finances. 2. You cannot force finding the right people to work with. It needs to be a natural progression. 3. Make a change today that can benefit you and your family for generations to come. Visit Danny's website, where he shares how to passively invest in real estate - Passive Investing Sponsors: HubSpot: Customer expectations are at an all-time high, and making things easy is how you'll win. Learn more about how HubSpot can help your business grow better at HubSpot.com. Thrivetime Show: Is this your year? Visit ThrivetimeShow.com/eofire to see how Clay Clark's business coaching helps thousands of entrepreneurs to dramatically increase profitability. ZipRecruiter: Outstanding talent is crucial for a successful business. And if you're hiring, you can find talent for any role at ZipRecruiter. Try it for free today at ZipRecruiter.com/fire!

Danny Randazzo is an author, entrepreneur, host of a mastermind, national speaker, and volunteer. His financial freedom journey started at five years old, and today his company owns $130,000,000 in real estate. Top 3 Value Bombs: 1. Everyone is responsible for their own success, their own freedom, and their own finances. 2. You cannot force finding the right people to work with. It needs to be a natural progression. 3. Make a change today that can benefit you and your family for generations to come. Visit Danny's website, where he shares how to passively invest in real estate - Passive Investing Sponsors: HubSpot: Customer expectations are at an all-time high, and making things easy is how you'll win. Learn more about how HubSpot can help your business grow better at HubSpot.com. Thrivetime Show: Is this your year? Visit ThrivetimeShow.com/eofire to see how Clay Clark's business coaching helps thousands of entrepreneurs to dramatically increase profitability. ZipRecruiter: Outstanding talent is crucial for a successful business. And if you're hiring, you can find talent for any role at ZipRecruiter. Try it for free today at ZipRecruiter.com/fire!

Hello and welcome to the 100th Episode of the Real Estate Asset Management Podcast! Your positive feedback has been so wonderful to hear, from the very beginning. Join us today as we look back on 99 amazing episodes with memorable guests who shared golden nuggets from their wealth of wisdom. We touch on the topics that we've interviewed experts about, from mega leasing and economies of scale with Neil Boa, to cap rate compression with Andrew Rybczynsk, and more, including a 20 minute MBA from Gino Barbaro. There's always something to be learned from revisiting our podcasts, and the basics of asset management we guide you through are designed to be useful, even to beginners. The basis of everything? You need a MAP: measure everything, stay accountable, and be proactive in all your endeavors. Thanks for joining us.Key Points From This Episode:Welcome to the 100th episode of our podcast.How great it is to receive positive feedback from our listeners along the way.Thoughts on value ad strategy from Episode 17.What Neil Boa taught us about mega leasing and economies of scale.Merrill Kaliser's thoughts on the importance of having KPIs on Episode 10.Andrew Rybczynsk from Costar's thoughts on cap rate compression from Episode 73.The story of how Episode 77's guest, Gino Barbaro, gave us all a 20 minute MBA.Bridge loans versus fixed loans with Andrew Westling on Episode 90.Nikolai Ray's financial engineering expertise communicated on Episode 92.Appreciation for all of our amazing guests and the wealth of knowledge they shared.What you can learn from revisiting our podcasts.The easy basics of asset management that can be of use to a beginner.Why it is important to go the extra mile even if you have a property management company.Why you need a MAP: measure everything, stay accountable, and be proactive.Where to go to keep informed about future opportunities with Break of Day Capital.Tweetables:“I know I've learned a bunch from our amazing guests from Brian Burke, Maureen Miles, Tim Bratz, Anna Myers, Brendan Hall, Mina Jetty, Gene Trowbridge, Jeremy Roll, Jason Yarusi, Michael Becker, Danny Randazzo and so many more.” — Gary Lipsky [0:52]“There are a lot of good property management companies with great people but they aren't owners of that property, what makes you think they'll go the extra mile if you aren't. People make mistakes, you know? I'll admit, I make mistakes so don't expect your property management team to be perfect as well.” — Gary Lipsky [04:40]Links Mentioned in Today's Episode:Asset Management Mastery Facebook GroupBreak of Day Capital Break of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedInGarzella Group

Join co-hosts Richard Coyne & Bill Zahller as they interview guests who left a successful career to pursue a different path on the Road Less Traveled Show! In this episode, we spend time with Dan Randazzo!  Danny is a former financial consultant with a large national firm.  All the while, Danny also invested in real estate and recently chose to focus full-time on his real estate path. A bit more about Danny: Danny is an author, entrepreneur, host of a real estate mastermind, and national speaker. Danny has over half a decade of professional experience working as a financial consultant. Danny advised multi-billion dollar companies and helped them achieve results in areas that include improved revenue performance, increased profit margin, and enhanced technology utilization. Danny's passion for financial freedom started when he was five years old running small businesses to make extra money. In high school, he read real estate books and studied finance to understand the power of owning assets. Danny's commercial real estate knowledge (from books) gave him and his wife the courage to buy their first investment property, which was a $1,000,000 building. Danny is a volunteer with The First Tee (a youth development organization that teaches kids life lessons through golf.)   Contact Danny:           Email: Danny@passiveinvesting.com Website: passiveinvesting.com Conference link: https://www.multifamilyinvestornation.com/presell-page   Contact Bill Zahller Phone: 828-275-5035 Email: Bill@ParkCapitalPartnersLLC.com LinkedIn: linkedin.com/in/billzahller   Contact Richard Coyne Phone: 404-245-9732 Email: Richard@ParkCapitalPartnersLLC.com LinkedIn: linkedin.com/in/richardjcoyne   If you would like to learn more about: How Park Capital Partners connects investors with passive income-generating opportunities through real estate, Our Park Capital Value-Add Fund (a 506c fund), or The Park Capital Partners Foundation, Inc. (a 501(c)3 non-profit). please contact Park Capital Partners LLC in the following ways:    Website: ParkCapitalPartnersLLC.com Email us: info@ParkCapitalPartnersLLC.com Facebook: https://www.facebook.com/ParkCapitalPartners/ Linkedin: https://www.linkedin.com/company/park-capital-partners-llc/   Music by Aliaksei Yukhnevich/Jamendo. Audio and Video production by Kerry Webb.   If you would like to be a guest on our show and have a “path change” story, please reach out to Richard at Richard@ParkCapitalPartnersLLC.com.  We would love to chat with you!

If you want to take advantage of high-value real estate with high returns, then diving into multifamily syndication is something you should consider doing now. In this Highlights episode, we feature once again our conversations with Danny Randazzo of Randazzo Capital and Dan Hanford of PassiveInvesting.com.Danny discusses how a solid educational foundation and goal-setting helped him find success in real estate syndication. Meanwhile, Dan talks about the three criteria for you to consider when you're looking at investing passively in syndication. Listen now and find ways how you can thrive in the business!

Danny Randazzo is a Managing Partner at PassiveInvesting.com, where he supports investors achieve their financial goals through passive investing.. He joins us today to talk about the entrepreneurial mindset and skills that helped his team build a $400-million portfolio with almost 3,000 units under management. They were also able to build such a massive portfolio because of their ability to build high-quality relationships. Is building such relationships possible for anyone? Danny reveals in this episode. Tune in now and build high-quality relationships in your real estate investing![00:01 - 05:20] Opening SegmentLet's get to know Danny RandazzoHis path to real estate investing [05:21 - 13:21] High-Quality Relationships Why building high-quality relationships is a must Danny talks about his very first deal in real estate How to keep yourself motivated[13:22 - 20:11] Danny's Money Tree Danny talk about his “Money Tree”His advice on real estate investing that you should not miss Danny's parting words about learning and taking action [20:12 - 21:39] Closing SegmentConnect with Danny Links belowFinal words from Danny and me Tweetable Quotes: “I think investing passively is all about what fits your personal need.” -  Danny Randazzo“Filter out some of the noise and make decisions based on your personal goals.” -  Danny RandazzoResources mentioned:Dolf de RoosDan HandfordWeb article: The Red Flags for Passive Apartment Investing------------------------------------------------------------------------------------------Connect with Danny on LinkedIn, Facebook, Instagram, and his personal website. Are you looking for markets with strong apartment fundamentals and moderate cap rates? Check out PassiveInvesting.com!Guest email: danny@passiveinvesting.comAre you a multifamily investor? Join the Multifamily Investor Nation! Register to the Multifamily Investor Nation Summit!Check out Danny's Amazon page here. Connect with me:https://www.5tcre.com/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> abel@5tcre.comSupport the show (https://www.buymeacoffee.com/5Talents)

In real estate investing, proper deal structuring is important as it is the organizational process of acquiring, funding, managing, and holding a specific property. It also determines how profits are divided among investors, and how cash flows are allocated. In this Highlights episode, we look back at our conversations with real estate entrepreneurs Danny Randazzo of Randazzo Capital and Jeff Greenberg of Synergetic Investment Group, LLC.Danny is an author, entrepreneur, and a host of a real estate mastermind, Danny breaks down the four areas that one needs to point out in an agreement. Meanwhile, Jeff shares the core of structuring deals and the important elements associated with them. He emphasizes that the main concern that people should think about when structuring deals is that both sides should be benefiting from it. Listen now and find out how you can effectively structure your real estate deals.

Danny Randazzo is a managing partner at PassiveInvesting.com. His firm has acquired over 2600 units for a total portfolio value of $354M. Danny is also an author, entrepreneur, mastermind host, national speaker, podcast host, and volunteer with The First Tee.

Creating air-tight budgets, which factor in all expenses, no matter how small, is no easy feat. It requires patience, commitment, and an eye for detail. Danny Randazzo, our guest today, certainly possesses these skills. As an asset management and budgeting whizz, he knows how to get the maximum NOI on properties. In this episode, Danny walks us through the current budget he is doing, and how his company creates multiple budgets to come up with a solid end number. He also talks about why they choose to do cost per door as well as the importance of being market-specific. Geographic location can shift several budget factors, so it is important to be cognizant of this. Along with this, Danny sheds light on the importance of having strict criteria that you stick to when looking for properties. We learned a great deal in today's show, and we know you will too. Be sure to tune in today!Key Points From This Episode:Learn more about Danny's background and what he is currently involved in.Find out about Danny's budgeting process on a new property he is underwriting.The differentiating line items to look for when creating a budget.Gary unpacks how location plays a role in budget differentiation.Why Danny believes focusing on one market and knowing it well will lead to greater success.How having strict criteria can help you stay conservative.Danny's asset management superpower and his top tip for success.Tweetables:“When we budget, we look at what the previous owner's performance was. And we understand how they operated it because likely, them being a pretty decent owner-operator, their numbers shouldn't be too far off.” — Danny Randazzo [0:02:48]“You need to have a strict set of criteria and stick to it. If a deal doesn't work because your criteria is conservative then it is not the deal for you.” — Danny Randazzo [0:10:18]“Every single dollar counts when you are looking at asset management.” — Danny Randazzo [0:13:48]Links Mentioned in Today's Episode:Danny Randazzo Danny Randazzo on LinkedIn Danny Randazzo on Instagram Danny Randazzo on Facebook PassiveInvesting.com Sam WaltonCoStarPassive Income through Multifamily Real Estate Group on FacebookGary Lipsky on TwitterAPT Capital GroupAPT Capital Group - YouTube ChannelKyle Mitchell on FacebookGarzella Group

Danny Randazzo is head of acquisitions at Randazzo Capital and controls over $8,000,000 in commercial and residential real estate. In the summer of 2016, Danny and his wife sold everything they owned and moved to Charleston, South Carolina to build a real estate portfolio. Randazzo Capital made its first investment purchase in the winter of 2016, buying two commercial buildings for $1,000,000. Since then, the firm has utilized strong investor and lender relationships to purchase another $1,000,000 commercial building, a short sale renovation project, a four-unit residential rental, a two-unit residential rental, and two beachfront foreclosures. Danny has been a speaker at The Best Ever Real Estate Conference in Denver, and a guest on many real estate podcasts released worldwide. He is the host of a local real estate meet-up in Charleston that helps local investors build networks and improve their business. Danny also volunteers with The First Tee of Greater Charleston, where he teaches kids about honesty, integrity, respect, and life on and off the golf course.

Danny is a real estate investor, author, entrepreneur, mastermind host, national speaker, podcast host, a volunteer with The First Tee, and world traveler. He retired from corporate America at age 30 after working as a financial consultant for over half a decade and building a real estate portfolio that generates monthly income to achieve financial freedom. Today his company controls over $275mn in real estate assets.

Danny Randazzo is the author of the “Wealth Lessons for Kids” book series, an entrepreneur, host of a real estate mastermind, investor, national speaker, and volunteer. He is also a Managing Partner at Passiveinvesting.com. His first investment purchase was a $1,000,000 commercial building and he was able to become financially free at 30 years old. Today, Danny controls over $225M in real estate.Connect with Danny: Dannyrandazzo.comPassiveinvesting.com

Today, I had the pleasure of talking with Danny Randazzo, a full-time multifamily investor at PassiveInvesting.com. His company controls more than 2,000 apartments valued at 225 million assets under management. In 2019, they were able to purchase over 120 million dollars in multifamily real estate.Let's dive into Danny’s story and get expert advice from a real estate pro![00:01 – 06:26] Opening SegmentDanny Randazzo talks about his background and his multifamily journey Danny shares the skills he can offer in multifamily investing [06:27 – 11:59] The Three Amigos Danny talks about how he met his business partnersThey slowly found alignment in their business pursuits “Let’s look at this thing together”He shares some tips in building partnerships you don’t want to miss! [12:00 – 19:58] Life and Safety Inspections MatterDanny shares that there’s not a lot of difference between a 50-million-dollar deal, a 5-million-dollar deal, and a 500,000-dollar deal.Find out why! Here’s a quick shout out to our website, Myers Methods Danny tells us why we need to check if our properties have fire extinguishers and sprinkler systems [19:59 – 23:48] Closing SegmentDanny shares some words of wisdom you’d want to check out!Danny talks about what we can do if we don’t have access to people who can help us in our business Tweetable Quotes:“Be grateful for what you have and continue to work hard.” – Danny Randazzo“Multifamily is definitely a team sport.” - – Danny RandazzoResources mentioned:Myers MethodsYou can connect with Danny on Facebook, Instagram, LinkedIn, Twitter, and his website, https://dannyrandazzo.com/. Listen to his podcast, The Danny Randazzo Show. Visit his company’s website at https://www.passiveinvesting.com/ and their social media channels: Facebook, YouTube, and LinkedIn.LEAVE A REVIEW + help someone who wants to learn more from mistakes and missteps by sharing this episode or click here to listen to our previous episodes.If you are interested in getting into multifamily or scaling your current business, hop over to our website myersmethod.com to grab your free four-step guide on how to get the ball rolling!Support the show (https://www.facebook.com/groups/157335752156211/)

This week our special guest is the coveted underwriter Danny Randazzo! Join us as we discuss how to increase your returns with great underwriting.Danny is a real estate investor, author, entrepreneur, mastermind host, national speaker, podcast host, volunteer with The First Tee and world traveler.He retired from corporate America at age 30 after working as a financial consultant for over half a decade and building a real estate portfolio that generates monthly income to achieve financial freedom.  Today his company controls over $220,000,000 in real estate assets. When Danny is not investing in real estate you can find him walking with his wife Caitlin and dog George or playing competitive golf.Understanding the underwriting and analyzing of multifamily apartment deals is vital to a successful return on your investment. If you're a seasoned pro or just getting into investing, then this is a topic you simply can't ignore or ever have enough knowledge on.  So join the conversation as we dive deep into this complex topic and provide you with free professional knowledge that you can use to nail this subject and become a successful investor.   KEY TAKEAWAYS1. The basic philosophy of investing: 1. Preserve capital and 2. Buy cash flow producing assets for long term gain. 2. When finding a deal look at the market itself and identify the fundamentals that you want from that specific market. 3. Some key fundamentals to look for in a good deal are: 1. Location 2. The business plan 3. The economic growth of the investment area 4. Seller performance  5. Occupancy 6. Income 7. Expenses 4. At this moment in time be conversative with your cost reduction estimates and general underwriting 5. How to judge a market´s future performance: Look at market rent performance and sub market fundamentals reports that are available via brokers. This can tell you what rents will be like and what rental increases there are. 6. Always have an underwriter on your team who can verify all the data and financials when analyzing a market or property. 7. Stress test the deal. Look at return metrics like: vacancy & occupancy numbers, interest rate, expenses and exit cap. 8. You could be saving money on the performance of your property by reducing costs on administrative expenses such as internet, cable and phone packages. 9. You don't have to know a mentor to benefit from their teachings or knowledge. Take and create your own inspiration.  BOOKSFirst a Dream - Jim Claytonhttps://www.amazon.com/First-Dream-Jim-Clayton/dp/0972638903  LINKShttps://dannyrandazzo.com/https://www.instagram.com/danny.randazzo/https://www.facebook.com/dannyrandazzo/https://twitter.com/dannyrandazzohttps://www.linkedin.com/in/danny-randazzo-61126449/

In an attempt to learn more about how successful business and real estate professionals think; I ask every guest of the show my 5 Key Questions. These questions are meant to give you, the listener, a glimpse at what makes a successful real estate professional tick on both a personal and business level. This round of 5 Key Questions is answered by yesterday's guest, Danny Randazzo, I hope you enjoy it.

Danny's Background:He has over half a decade of professional experience working as a financial consultant where he advised multi-billion dollar companies to improve their operations and balance sheetsPrincipal at Passiveinvesting.comWithin the company, Danny is focused on asset management, building relationships, investment analysis, planning, and all things financeIn this episode we cover:00:04:36 Tighten up on your criteria00:05:30 Danny's metrics to target00:07:38 Diversifying your portfolio00:11:06 Transitioning into different asset classes due to investor interest00:13:30 Staying in your lane00:17:30 Digging deeper00:22:21 Other players that need to get involved to close00:26:37 You can't plan for everything00:28:47 Staying conservativeConnect with Danny:https://dannyrandazzo.com/https://www.multifamilyinvestornation.com/https://passiveinvesting.com/Connect with Dave:Schedule a callWebsiteE-mailOther ways to listen/watch:https://lnk.bio/multifamilyFollow or Subscribe:Facebook GroupLinkedInInstagramYoutubeIf you enjoyed this episode or like the show, please subscribe and leave a review! It is a huge help for just a little effort

Danny Randazzo Bio: - Danny controls over $225M in real estate - His First investment was a $1M building - He Became a millionaire at 29 - He Quit his corporate consulting job at 30 - He is a National speaker - Author of Wealth Lessons for Kids - He is also a managing partner at PassiveInvesting.com Key Insights: - Danny's journey from corporate consulting into multifamily investing - Why multifamily real estate is a stable investment - Background on PassiveInvesting.com - Finding partners with complementary skillsets and “staying in your lane” to run a successful real estate syndication business - Key steps for an asset manager taking over a new acquisition - Quick tips to add value to an apartment community - Building the right team as an asset manager - What reports and discussions an asset manager need to have with their property manager - Building an effective business plan for a value add property Book Recommendation: Mistakes Millionaires Make - Harry Clark Contact Information: Company Website: www.passiveinvesting.com Personal Website: www.dannyrandazzo.com

Creating air-tight budgets, which factor in all expenses, no matter how small, is no easy feat. It requires patience, commitment, and an eye to detail. Danny Randazzo, our guest today, certainly possesses these skills. As an asset management and budgeting whizz, he knows how to get the maximum NOI on properties. In this episode, Danny walks us through the current budget he is doing, and how his company creates multiple budgets to come up with a solid end number. He also talks about why they choose to do cost per door as well as the importance of being market-specific. Geographic location can shift several budget factors, so it is important to be cognizant of this. Along with this, Danny sheds light on the importance of having strict criteria that you stick to when looking for properties. We learned a great deal in today’s show, and we know you will too. Be sure to tune in today!Key Points From This Episode:Learn more about Danny’s background and what he is currently involved in.Find out about Danny’s budgeting process on a new property he is underwriting.The differentiating line items to look for when creating a budget.Gary unpacks how location plays a role in budget differentiation.Why Danny believes focusing on one market and knowing it well will lead to greater success.How having strict criteria can help you stay conservative.Danny’s asset management superpower and his top tip for success.Tweetables:“When we budget, we look at what the previous owner’s performance was. And we understand how they operated it because likely, them being a pretty decent owner-operator, their numbers shouldn’t be too far off.” — Danny Randazzo [0:02:48]“You need to have a strict set of criteria and stick to it. If a deal doesn’t work because your criteria is conservative then it is not the deal for you.” — Danny Randazzo [0:10:18]“Every single dollar counts when you are looking at asset management.” — Danny Randazzo [0:13:48]Links Mentioned in Today’s Episode:Danny Randazzo Danny Randazzo on LinkedIn Danny Randazzo on Instagram Danny Randazzo on Facebook PassiveInvesting.com Sam WaltonCoStarPassive Income through Multifamily Real Estate Group on FacebookGary Lipsky on TwitterKyle Mitchell on FacebookGarzella Group

In this episode, Jonathan Farber interviews Dany Randazzo who is a Real Estate investor and entrepreneur. He made the move from San Francisco to South Carolina and his business really took off! His main focus is in the multi-family space with properties in the Southeast. He grew his portfolio extremely quickly in a very short amount of time. In this episode we dive into topics like scaling your business, coming up with a plan to meet your financial goals, starting a meetup group, and more! Top Takeaways: How Danny got started in Real Estate - 6:19 - 11:23 He and his girlfriend came to a point where enough was enough in exchanging time for money He sold everything off in California, moved to South Carolina and started buying cash-flowing Real Estate assets to generate monthly income, and eventually lead to financial freedom Today, he owns and controls about 220 million in multifamily properties The more specific you are in your criteria, the more deals you will find Get a mentor and they will be your biggest cheerleader Transitioning from a W-2 job to investing in Real Estate - 34:16 - 16:07 Started out with the goal to replace his W-2 income The first deal generated 5K in passive income Always have a goal in mind before you get started Start a meetup group and connect with other Real Estate professionals - 34:04 - 36:57 Go to Real Estate meet-ups to find other like-minded individuals Danny runs his own breakfast meetup! His meetups are a time for people to share how they got started, discuss any challenges, and more! Meetups are a great way to motivate you to move forward with your goals How to bring value to Danny: Looking for someone who is extremely proficient in excel and financial modeling Social Links: Facebook: https://www.facebook.com/dannyrandazzo/ Linkedin: https://www.linkedin.com/in/danny-randazzo-61126449/ Instagram: https://www.instagram.com/danny.randazzo/ Twitter: https://twitter.com/dannyrandazzo BiggerPockets Profile: https://www.biggerpockets.com/users/randaz21 Company Website: https://www.passiveinvesting.com Personal Website: www.dannyrandazzo.com Blog: https://dannyrandazzo.com/blog/ Connect With The host, Jonathan Farber Here! LinkedIn: https://www.linkedin.com/in/jonathanfarber1/ Instagram: @jonjfarb FaceBook: https://www.facebook.com/jonathan.farber.9 Facebook Group: Real Estate Mentorship Mastermind BiggerPockets: https://www.biggerpockets.com/users/JonathanF29

Closing an eight-figure deal for a huge multifamily asset is no small feat in any given day, but more so in the middle of a pandemic that has had epic repercussions for the market. Dan Handford, Danny Randazzo, and Brandon Abbott, Managing Partners of PassiveInvesting.com, are certainly up for the challenge, having closed a deal for Hawthorne At Lake Norman, a 232-unit Class A asset located in Charlotte, NC, just in time as the crisis was making a turn for the worse. PassiveInvesting.com actively seeks quality multifamily assets such as this in different markets, mostly in the Southeast. In this episode, they tell how landing the multi-million-dollar deal was facilitated by the good relationships they built with the seller and the brokerage firm they are working with. Their seamless handling of deals like this is reflective of their company philosophy, which aims to enable everyday investors like you to invest in institutional-quality asset deals.

Closing an eight-figure deal for a huge multifamily asset is no small feat in any given day, but more so in the middle of a pandemic that has had epic repercussions for the market. Dan Handford, Danny Randazzo, and Brandon Abbott, Managing Partners of PassiveInvesting.com, are certainly up for the challenge, having closed a deal for Hawthorne At Lake […]

Danny tells us about building passiveinvesting.com, scaling in multifamily, financial lessons from being a kid, nurturing his multifamily business, world travels, and spiritual view points for success in real estate and life.    Visit passiveinvesting.com

Danny tells us about building passiveinvesting.com, scaling in multifamily, financial lessons from being a kid, nurturing his multifamily business, world travels, and spiritual view points for success in real estate and life.    Visit passiveinvesting.com

Full episode coming tomorrow. Here is a clip from the show about his Money Tree that literally has money growing on it.  visit passiveinvesting.com

While the sudden changes that real estate investors have seen thanks to COVID have presented challenges, investing in real estate right now is still a sound decision for many reasons. It was great to get Danny Randazzo back on the show again where we discuss business as usual for him, thanks to the fact that he knows what questions to ask when it comes to managing his current assets and vetting new deals. Before all the restrictions of the pandemic set in, Danny and his team were in the middle of acquiring a new deal, and we talk to him about how he took everything in his stride and continued with the closing process. He gives a whole bunch of tips to listeners about how to manage current investments, underwrite an active deal, or vet a potential one in such a way that even if a crisis of this scale hits unexpectedly, you'll have the right kind of risk-resistant systems in place to get you through it.

Danny is a Managing Partner at Passiveinvesting.com and Author of Wealth Lessons for Kids. He is also a multi-return guest and can be found on previous episodes & . As you know, the Coronavirus has been impacting several investors and In this episode, Danny goes into how he is handling his business during this pandemic.  Danny Randazzo Real Estate Background: Managing Partner at Passiveinvesting.com  Author of Wealth Lessons for Kids Became a millionaire at 29 Controls over $225M in real estate Based in Charleston, SC Say hi to him at:     for more info on groundbreaker.co  Best Ever Tweet: “Over the past year, I have really had the opportunity to work “ON” the business instead of “IN” the business.” - Danny Randazzo

Networking is the #1 unwritten rule of success in business, and doubly so for those raising passive income for multifamily investing. During COVID-19, our networking has shifted to video chats and phone calls, but it won't always be that way. Now is the time to start strategizing and planning for those face-to-face meetings, enabling you to be a networking hero, and placing you in a thought leadership position.To help us navigate the networking waters, I've brought author, entrepreneur, host of a real estate mastermind, and national speaker, Danny Randazzo to talk with me today. Danny has over half a decade of professional experience working as a financial consultant, and years as a successful multifamily investor. Today, he and his company manage a $225MM portfolio, with over 400 investors and 2015 doors. Danny accredits much of his success to networking and connecting people so that they can move their business forward. Because of his dedication, expertise, and willingness to continuously learn, he has become a thought leader within the industry.Though Danny gives some massive advice on networking, we also dive into what markets will thrive post-COVID-19 and why. Also, we discuss what the multifamily market will look like and the opportunities available post-COVID-19. Key TakeawaysThought Leadership and how to build a personal brand presenceMoving out of a W2 job into real estate investingHow to start a local meet-up to network with other investorsBuilding a national networkHow to expand your reach and influenceBuilding solid relationships with attorneys, lenders, insurance agents, brokers, real estate agents, and brokers, as well as highly experienced investorsHow to start a local meetupHow to bring experts into your network: Being successful in raising money is based on the strength of your networkWays you can bring your expertise and add value to a meet-up, which will build your credibility within the industryFinding a partner at a meet-upLearning more about multifamily passive investingHow the multifamily market has changed since COVID-19What the future of multifamily will look like post-COVID-19Mitigating your risk in multifamilyHow to find deals after COVID-19 Working creatively with your portfolio during and after COVID-19Who will be getting the best deals in the second half of 2020?Book RecommendationsWhatever it Takes (Stephen Schwarzman)First a Dream (Jim Clayton)Get in Touch with DannyPassive InvestingPassive Investing PropertiesPassive Investing ClubPassive Investing FacebookDanny Randazzo SiteDanny Randazzo Instagram: @danny.randazzo

Networking is the #1 unwritten rule of success in business, and doubly so for those raising passive income for multifamily investing. During COVID-19, our networking has shifted to video chats and phone calls, but it won't always be that way. Now is the time to start strategizing and planning for those face-to-face meetings, enabling you to be a networking hero, and placing you in a thought leadership position. To help us navigate the networking waters, I've brought author, entrepreneur, host of a real estate mastermind, and national speaker, Danny Randazzo to talk with me today. Danny has over half a decade of professional experience working as a financial consultant, and years as a successful multifamily investor. Today, he and his company manage a $225MM portfolio, with over 400 investors and 2015 doors. Danny accredits much of his success to networking and connecting people so that they can move their business forward. Because of his dedication, expertise, and willingness to continuously learn, he has become a thought leader within the industry. Though Danny gives some massive advice on networking, we also dive into what markets will thrive post-COVID-19 and why. Also, we discuss what the multifamily market will look like and the opportunities available post-COVID-19.  Key Takeaways Thought Leadership and how to build a personal brand presence Moving out of a W2 job into real estate investing How to start a local meet-up to network with other investors Building a national network How to expand your reach and influence Building solid relationships with attorneys, lenders, insurance agents, brokers, real estate agents, and brokers, as well as highly experienced investors How to start a local meetup How to bring experts into your network: Being successful in raising money is based on the strength of your network Ways you can bring your expertise and add value to a meet-up, which will build your credibility within the industry Finding a partner at a meet-up Learning more about multifamily passive investing How the multifamily market has changed since COVID-19 What the future of multifamily will look like post-COVID-19 Mitigating your risk in multifamily How to find deals after COVID-19  Working creatively with your portfolio during and after COVID-19 Who will be getting the best deals in the second half of 2020? Book Recommendations Whatever it Takes (https://www.amazon.com/What-Takes-Lessons-Pursuit-Excellence/dp/B07SFK156S/ref=sr_1_5?dchild=1&keywords=whatever+it+takes&qid=1588084371&sr=8-5) (Stephen Schwarzman) First a Dream (https://www.amazon.com/Jim-Clayton-First-Dream-New/dp/B0039ZF774/ref=sr_1_2?dchild=1&keywords=jim+clayton&qid=1588084497&s=audible&sr=1-2-catcorr) (Jim Clayton) Get in Touch with Danny Passive Investing (https://www.passiveinvesting.com/) Passive Investing Properties (https://www.passiveinvesting.com/our-properties/) Passive Investing Club (https://www.passiveinvesting.com/join-passive-investing-club/) Passive Investing Facebook (https://www.facebook.com/passiveinvesting/) Danny Randazzo Site (https://dannyrandazzo.com/) Danny Randazzo Instagram: @danny.randazzo

Have you ever wondered how Dan Handford does his deals? You are in luck because we flip the tables in this episode. Taking the hot seat, Dan Handford and his PassiveInvesting.com partner, Danny Randazzo, share with us their most recent deal—a 270-unit Carrington at Brier Creek in Raleigh, North Carolina. With Ellis Hammond as the […]

Have you ever wondered how Dan Handford does his deals? You are in luck because we flip the tables in this episode. Taking the hot seat, Dan Handford and his PassiveInvesting.com partner, Danny Randazzo, share with us their most recent deal—a 270-unit Carrington at Brier Creek in Raleigh, North Carolina. With Ellis Hammond as the guest host, Dan and Danny take us to the nitty-gritty of their deal, discussing what they did prior to getting the deal flow in the market to where they are now. They talk about how you can instill confidence in a seller, do underwriting and due diligence, and find a mentor that is going to guide you throughout the process. Going deeper, Dan and Danny then share how you can kill a deal and what their systems look like that allow them to raise money from contract to close.

“As you grow your business, your problems grow as well.” Danny Randazzo is a real estate investor, author, entrepreneur, mastermind host and speaker. After working in corporate America, Danny realized that he wanted more. He wanted to be able to put his family first and have financial freedom. He left his job at 30 and shifted his business goals and focus, building a real estate portfolio that generates monthly income. Today his company controls over 225 million in real estate assets. “You can get so much further faster with a coach.” On this podcast, we discussed Danny’s journey to financial freedom and what he learned along the way. -Knowing your purpose -The importance of financial literacy -Passive investing -Fear surrounding money -The importance of coaching If you want to learn more about Danny or reach out, click the links below. Website: https://dannyrandazzo.com/ LinkedIn: https://www.linkedin.com/in/danny-randazzo-61126449/ Twitter: https://twitter.com/dannyrandazzo

Firms that provide passive investment services have to wear many different hats, doing everything from due diligence to asset management and syndication. Each of these processes themselves can be broken down into further distributions of tasks, and our guest on the show today joins us to share some insights into what a few of those look like. Danny Randazzo has been on the show several times before, but his rise to success over a few short years means he has fresh experience to share each time he joins us. Danny is a real estate investor, national speaker, author of The Boy Who Lost His Wallet, and a partner at passiveinvesting.com. After making his first million at age 29, he now controls over $225,000,000 in real estate. Today Danny talks about how he splits the roles between him and his partners at passiveinvesting.com.---Our gracious sponsor: Gene Trowbridge and Jillian Sidoti, founding partners of the top syndication law firm Trowbridge Sidoti, have a legal team with over 88 years of combined legal experience. That team, along with their amazing support staff, has helped clients raise over 3.7 billion dollars in offerings by being dedicated to empowering entrepreneurs to raise capital legally, while allowing them time for other important things in their life. To learn more, visit the Crowdfunding Lawyers YouTube channel or website. ---

Danny is an author, entrepreneur, host of a real estate mastermind, national speaker, and volunteer with The First Tee. He has over half a decade of professional experience working as a financial consultant. Learn More About Danny Here: https://www.passiveinvesting.com https://dannyrandazzo.com/ What do you want to hear/see more of and less of?   What question do you always wish I would ask but I never do? Connect with the Global Investors Show, Charles Carillo, and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://bit.ly/34FF2vY ◾ Global Investors Web Page: http://bit.ly/2Np1Me4 ◾ Join Our Email Newsletter: http://bit.ly/32pehL0 ◾ Foreign Investing in US Real Estate Facebook Group: http://bit.ly/2WQWFpW

Episode 11 is here! We’ve been saving Danny Randazzo for a special episode. Danny is a financial whiz and has found tremendous success with multifamily syndications. Danny started his real estate career with smart house hacks in San Francisco and utilized his equity and cash flow from those early properties to move across the country and invest full time in a variety of ways. Ultimately, Danny found syndicating and narrowed his sights on that approach to building wealth. Today, they control over $171,000,000 in holdings. In addition, Danny has written 2 children’s books to help inspire financial education in young ones and he hosts a podcast of his own. Danny can be reached at www.passiveinvesting.com and his podcast is title “The Danny Randazzo Show”. In addition to all of this, Danny is a great friend and a massive supporter of other entrepreneurs. If you have any interest in investing in a multifamily syndication, make sure you reach out to them!

In the last 12 months, PassiveInvesting.com has added $120MM in apartments to their portfolio, bringing the total value up to $225MM. This explosive multifamily growth is driven by a partnership between Danny Randazzo and his partners Dan and Brandon. On today’s episode, Danny shares more about this partnership and why they love the North and South Carolina markets.     Partner: Join me at the Best Ever Conference plus 5% discount with 5DEAL   Key Insights Started investing with a $1MM commercial office building Multifamily is the best asset class to protect your money, force appreciation, monthly cash flow, and tax advantages Left SF Bay Area and moved to Charleston, SC to focus on investing Invest from TX, FL, and SC for growth potential and increase in demand Properties generating $1MM in gross revenue allow for full-time professional on-site management PassiveInvesting.com’s growth has been driven by partnership with Brandon and Dan, enabling the three to focus on their strengths How to find a partner: have an open mind to own a smaller portion of more deals, clear on skills and passions and look for complementary partners Great communication and clear boundaries are key for partnerships Within NC and SC, Danny and his team like Charlotte, Raleigh, Greenville, and Charleston When reviewing submarkets, review avg. HHI and ensure renovated rents are still affordable for the area   Partner: Download a Free Sample Apartment Deal Package   Bull’s Eye Tips:   Most Recommended Book: Mistakes Millionaires Make by Harry Clark   Most Recommended Digital/Mobile Resource: CoStar   Daily Habit: Learn something new every day   Wish I Knew 12 Months Ago: The value of CoStar   Advice for College Student: Get your finances right   Current Curiosity: Ways to be different   Best Place to Grab a Bite: Melfi’s   Connect with Danny: Website: DannyRandazzo.com Website: PassiveInvesting.com   Leave us a review and rating on Apple Podcasts or Spotify. Be sure to check out more info at TargetMarketInsights.com.

Danny Randazzo from PassiveInvesting.com joins us to teach us his keys to achieving financial freedom. Danny was a business consultant, traveling all week every week for work. He and his wife decided they wanted OUT! So they made the changes they needed to - and they achieved it!You’ll learn the steps to take to achieve your own financial freedom through real estate investing. Danny did it and you can do it too!Quotes:“The most important part is to personally overcome that emotion, that lingering doubt that sits within all of us in some capacity, and put that emotion that doubt to bed, remove it, throw it away, let the trash people take it all the way to the dump, because you don't need that inside of you.”“I always set a goal and work backwards from it.”On pursuing his financial goals: “Nothing is going to stop us from working on this.” Get in touch:www.Passiveinvesting.com www.DannyRandazzo.com  Other Similar Episodes:Passive vs. Active Investing for Financial Freedom with Hunter ThompsonCommercial Real Estate Investing Beyond Multifamily with Greg Dickerson Guest Bio:Background: Danny is an author, entrepreneur, host of a real estate mastermind, national speaker, and volunteer with The First Tee. He has over half a decade of professional experience working as a financial consultant. He advised multi-billion dollar companies and helped them achieve results in areas that include improved revenue performance, increased profit margin, and enhanced technology utilization.Today, Danny is a full time real estate entrepreneur and investor. His company, PassiveInvesting.com purchases value add apartment communities that are greater than 150 units. Danny is focused on asset management, building relationships, investment analysis, planning, and all things finance.Fun Fact: Danny met his wife on a boat in Vietnam when they were both traveling from San Francisco.Current Focus: Danny and his partners invest in 150 unit plus multifamily properties valued between $10-$50M that generate positive cash flow and have value add opportunities to achieve investor returns.

Episode 10 is more of a general overview of things with Troy and Dan. We’ve been busy moving offices (and recording location) recently, so we wanted to record our first one in the new space with just the two of us for troubleshooting sake. However, we do have some Maven Realty updates to share - namely, that we’re looking for good agents to join the team. We talk a fair amount about investing, although it’s kind of all over the place. We talk a bit about apartments, lending, BRRRR, market updates, etc. We plan to get back to a regular schedule in the next couple of weeks. We intend to have Danny Randazzo join us next time to discuss syndicating, apartments and large assets. Please remember to rate and review the show! And feel free to shoot us some questions or comments to troy@mavenrealtysc.com.

Danny Randazzo is an author, entrepreneur and podcast host. His company, passiveinvesting.com, owns more than $210 million in multifamily assets and he and his partners achieved their massive $100 million acquisition goal for 2019. Danny's focus is asset management, building relationships, investment analysis and all things finance.In this episode, Danny and Tyler's discussion centers on the importance of being uncomfortable everyday, one of Danny’s integral habits for success. They also discuss setting specific criteria and daily actions to build relationships, learning something everyday, limiting unnecessary activities, paying for a coach and more ways to elevate your life on a daily basis.Danny leads by example and he describes himself as a “relentlessly focused individual,” which is very evident in this episode. Elevate Nation can greatly benefit from the wisdom he shares!Music: Energetic Run (hooksounds.com) 

It’s up to you to secure your future. Everyone is responsible for their own success, freedom, and finances. I always thought someone would come along and save me. Someone would give me a raise or a promotion or someone would marry me and he would have more money and more financial acumen. I was leaving it all up to chance and I was not financially empowered. I was naive and painfully entitled until I lost everything and finally realized that my financial future was up to me. I promised myself I would be financially empowered and take charge of my value and the money that I earn. Since then, I have worked hard to make tangible changes in my finances and get myself on a path to financial freedom. If I can do it, anyone can! Listen and find out how you can become financially free and what it means to be financially empowered. Website: www.mytalkingdollars.com

Danny is a real estate investor, author, entrepreneur, mastermind host, national speaker, podcast host, volunteer with The First Tee and world traveler. He retired from corporate America at age 30 after working as a financial consultant for over half a decade and building a real estate portfolio that generates monthly income to achieve financial freedom.  Today his company controls over $150,000,000 in real estate assets. When Danny is not investing in real estate you can find him walking with his wife Caitlin and dog George or playing competitive golf. Give Danny a follow on these platforms: Web: https://dannyrandazzo.com/ LinkedIn: https://www.linkedin.com/in/danny-randazzo-61126449/   —   To learn about our investment strategy and business plan   If you’re interested in real estate investing, particularly passive real estate investing Dwaine Clarke has the resources you need to achieve financial freedom and wealth. If you are an accredited investor you can partner with Dwaine in a passive investment opportunity, receiving all the benefits of an active owner without being an active owner.   http://passiveinvestorsclub.com/invest-with-us/   Thank you and I appreciate you watching this video. Please like, subscribe, and share with others that you may find this valuable. Your comments are useful and help us generate better quality content based on your feedback.   —   Subscribe to my channel here: https://www.youtube.com/channel/UCb66-jA-WR4-LlJqp8Sn2wg?sub_confirmation=1   —   Dwaine Clarke is the Founder and Managing Partner of Jackson Clarke Capital Partners a real estate investment firm focused on the acquisition and re-positioning of Apartment properties in major metropolitan markets.   http://jacksonclarkegroup.com   In addition to Jackson Clarke Capital, Dwaine is also the Founder and President of GCT Net Lease an investment real estate services firm exclusively focusing on Single and Multi-Tenant Net Lease Properties. The firm provides a full range of brokerage and advisory services nationwide to High Net worth Investors, Developers, REITs and Institutional Investment Funds.   http://buynnnproperties.com   Dwaine is also the host of Wealth Through Real Estate Investing and Small Business, Big Ideas Podcasts. He is also the author of three best selling real estate investing books.   https://www.amazon.com/Dwaine-L-Clarke/e/B005GLEUKO   —   Follow Me Online Here:   Instagram: https://www.instagram.com/dwainelclarke/ Facebook: https://www.facebook.com/DwaineClarkeOfficial LinkedIn: https://www.linkedin.com/in/dwaineclarke/ Website: http://passiveinvestorsclub.com Twitter: http://twitter.com/dwaineclarke Medium: http://medium.com/@dwaineclarke SoundCloud: https://soundcloud.com/dwaineclarke Podcast: https://podcasts.apple.com/us/podcast/wealth-through-real-estate-investing/id1457606006 Spotify: https://open.spotify.com/show/7B2wIQyiMgrcEJoqBUJzRR   Subscribe to my weekly Newsletter for upcoming investment opportunities, exclusive content and giveaways here: http://www.jacksonclarkegroup.com/investors/

This week's guest is a third of PassiveInvesting.com, and also a financial literacy maven, Danny Randazzo! Danny is an author, entrepreneur, investor, mastermind host, national speaker, volunteer with The First Tee and world traveler. He retired from corporate America at age 30 after working as a financial consultant for over half a decade and building a real estate portfolio that generates monthly income to achieve financial freedom. Today his company controls over $150,000,000 in real estate assets. When Danny is not investing in real estate you can find him walking with his wife Caitlin and dog George or playing competitive golf. In this episode we covered: The importance of financial literacy How parents can encourage financial literacy in their kids When to start teaching your kids financial literacy And so much more! Danny can be reached at: https://www.dannyrandazzo.com/ https://www.passiveinvesting.com/ Get the book here: https://www.amazon.com/Lost-Wallet-Wealth-Lessons-Kids/dp/173376660X Let us know how you like it. Rate us. Leave a comment. Email us at info@abundantculture.co. Do something! Connect with us at: IG @abundant.culture FB @abundantculture Rate us on your favorite podcast platform.

Danny Randazzo is a real estate entrepreneur, investor, author, and public speaker. He is a managing partner at https://www.passiveinvesting.com/ which has over $200M of assets under management. Danny dives deep into his experiences with money, his goals, and how the two work together to help him continue reaching new heights. Danny's Instagram - https://www.instagram.com/danny.randazzo/ Danny's Personal Website - https://dannyrandazzo.com/ Danny's Business Website - https://www.passiveinvesting.com/ Thanks for listening! Leave us a 5-star review on Apple Podcasts and let us know what you thought of this episode! Brady Morgan's Instagram - https://www.instagram.com/bradymorgan_/ Budgetrek's Instagram - https://www.instagram.com/budgetrek/ Budgetrek's Facebook - https://www.facebook.com/budgetrek/?modal=admin_todo_tour Budgetrek's Website - https://www.budgetrek.com/

Danny Randazzo is a man of many trades. With over half a decade of financial consulting experience advising multi-billion-dollar companies, Danny and his wife, Caitlyn, also a highly successful entrepreneur, sought out a future where they didn’t need to trade time for money anymore. Thus they invested everything they had and bought a commercial building and continued to grow their real estate portfolio eventually partnering with two other business professionals to form the company they now operate today which currently holds a $146 million portfolio value.     On this episode of Multifamily Real Estate Investments with Don and Eden, Danny and Don discuss the importance of a partnership both in personal life and business. Danny will also talk about raising money, finding good deals in today's market and some off-market strategies.    Highlights:  Danny’s Beginnings in Real Estate  His Partnership with Caitlyn How His Business Partnership Was Formed How They Find Deals Why They Use Brokers To Typically Find Their Deals   Current Projects and Monetary Goals   How to Connect with Danny DannyRandazzo.com PassiveInvesting.com    --------------------------------------------------- TRANSCRIPTION   Hey, guys welcome to the show. Today I am going to interview real estate syndicator and entrepreneur, Danny Randazzo. Danny and I will discuss the importance of a partnership both in personal life and business. We will also talk about raising money, finding good deals in today's market and some off-market strategies. Stay tuned because this one is very powerful.    Welcome to the real estate investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies.    Hey Danny, welcome to the show. Don, thank you so much for having me on, I appreciate being here with your followers, the audience and just participating with what you and Eden have going on-I’m happy to be apart of it, thank you again.       Of course. So tell us a little bit about your day. What did you do today? What does your day look like?   The first thing I do in the morning is I go for a walk with my dog George. Today we had a little bit later of a start I had a very busy weekend and I was catching up on sleep. Usually, I'm out of the house by about six o'clock in the morning and we're out walking. Today we got started at about 7:30 am. So a little bit behind schedule, but we got our walk and my wife Caitlin joined us on our walk. I use that time to mentally prepare for the day and figure out the major activities that I need to get done for the morning ahead. I try to plan my schedule where eight o'clock until noon. I do the things that I need to get done and then I use the time from 1 to 5 o'clock in the afternoon to follow up with people or reach out and make phone calls and things like that. And so that's been a good thing for me to be productive. And it allows me to focus on cleaning out my emails following up on any sort of deal information or underwriting and things like that as a priority when I'm at my absolute best which is in the morning. I learned an interesting tidbit the other day that the male setup is to have the peak performance, usually, we're peaking in the morning from 6:00 a.m. until noon and so I've kind of taken that to heart and really built my schedule around when my physiology and also body feels the best.    That's a great idea. Actually, my partner even says the same and he's really a morning person and I'm not really a morning person, but I'm trying to become a morning person because recently I started to go to sleep much earlier and then I figured out that I'm so much more productive in the morning. So I know you guys are living in South Carolina?    Correct. Yep.    My wife and I live in Charleston, South Carolina and that is where you primarily invest in real estate or you're investing all over the United States.    We invest primarily all over the Southeast US. So we have multi-family properties from Texas to Florida up to North Carolina. And we definitely invest in South Carolina as well.    I see. So tell us a little bit about how you first started doing real estate and the process that you went through to get to the point where you are right now?   The first time that we started doing real estate and when I use we I'm talking about my wife and I, at the time several years ago she is my girlfriend and we were sitting down having serious life conversations about what we want to do in life and how we want to live. We were just evaluating our situation. I was working as a corporate consultant helping multi-billion dollar companies improve their financial performance which that job took me all over the world and all over the country. I traveled most days out of the week- Monday to Thursday, Monday to Wednesday whatever this schedule demanded of me. I didn't really have control of my time. And Caitlin was an entrepreneur, she had her own wellness and yoga business where she would work with corporate clients in the Bay Area like Nike or Uber or LinkedIn and private wellness and yoga classes, as well as she, would work with private clients or even teach public classes in the Bay Area. And so our life at the time was this constant demand away from home working really hard and trading our time for money. And so we had a serious conversation about it and just said this lifestyle is not sustainable and it's not what we want long term. I could hit the fast forward button and see 20 years into our future of how much time we would spend exchange or a paycheck. And so I had kind of brought up the idea I said, I know some things about real estate I owned my own house and house hack and got started that way. And we decided to up and sell everything California. We moved across the country to Charleston, South Carolina and started to build a real estate portfolio that generated monthly cash flow to replace our previous income.    I was still working as a traveling consultant at the time, but building a portfolio that generated income to replace that W-2 salary and so we alternately wanted to achieve financial freedom where our investments generate enough money for us to live on. And then how do we continue to grow that. And so for us, we are very highly motivated individuals and people and as we evolve we change our income number and we continually strive to grow that number. And so that's really how we got started. It was out of a not want, but an absolute need to change our environment, where we live, who we surround ourselves with and that took us across the country to Charleston where we started building a portfolio and we worked very hard. I would work 8-10 hours a day as a consultant. And then in the evening evaluate real estate deals, call property managers, called brokers, build relationships, talk to investors and really grind very hard to get to where we're at today where we now have over one hundred and fifty million dollars worth of real estate under management.    That is amazing. And what I find even more amazing is that you had your life partner your wife with you through the journey and you guys were on the same page and that is rare and it shows me, I had this debate with my friends- how you should pick your wife and it shows me that the way that I saw things was right because you got to pick the person that's going to be your partner for life you're going to pick the person that has the same mindset and share the same goals. And I bet you feel this way right? I mean you are very grateful for the opportunities that you guys have together.    Oh absolutely. I mean that personal decision has turned into the absolute best decision I've made not only from a personal perspective but from a business perspective to have your partner in your corner supporting you above all else is the most important thing to be successful and stay on track. And so I think finding the right person is imperative to your success. You can certainly do it alone it's just a little bit harder because you don't have someone there to pick you up on a daily basis. If your down, or struggling or may not know the next move they can be there to support you and that's just great for every day that I have Caitlyn there in my corner doing that and keeping me going and seeing things that I don't see because again there's strength in numbers. When you are just one individual person, I am still Danny Randazzo and kind of see things and believe things the way that my mind and life experience has shaped me. But I've got an equally beneficial and powerful individual that's on my team who has a different way of seeing things or a different way of thinking about things. And it just makes for that extra level of opportunity or success or just the ability to perform having two people instead of one.    So from one personal partnership, I want to move to a more of a business partnership because I know that you are in a partnership and you have two partners. And I'm also in a partnership which is why I'm asking you this question. So tell us a little bit about your partnership. How was it formed and what is the role of each person in the partnership and do you guys share an office and do you have employees together?    Well, the most important thing to finding the right partner I get this question a lot is you as an individual doing the right things to meet enough people to find the right opportunity. I don't think you can go even if you went to a networking event with 100 people and you had this you had to pick one person to be a partner with. I just don't think it's reasonable to do it in a forced situation. And so the way that I met my partners was just a natural evolution. The three of us as individuals.    We're building our individual experience our individual real estate resume. And my one partner Dan and I; we connected through a mutual friend. We stayed in touch for a little over a year of just what he was working on what I was working on and then the stars kind of aligned and it made a lot of sense. We were going to look at a deal in Charleston a multi-family property about two hundred units. And so our third partner Brandon actually came down and Caitlin and I went and toured the property with Brandon and we were just talking about this one specific deal and if we may be one the team up on it and we actually ended up passing on doing that deal. But at that time it was the perfect timing for us as three individuals. Dan, Brandon and myself to come together and say ‘hey look if we want to take this multifamily syndication business seriously we have so much more power working together with the three of us than we do as individuals.’ We're going to get way more deals done. We're going to be way more successful. And the reason for that is the different areas that we cover within the business. And so again the most important thing about meeting the right partner is just being open to different opportunities. Networking with a lot of different people to figure out who may be the right fit. So within our business once that kind of timing worked out naturally. We didn't say hey we need to start doing multi-family right now. It was just a natural evolution. The three individuals coming together, we really broke out our company into three distinct areas that each of us are very skilled and very passionate about. So for example, Brandon is our renovation material and due diligence expert he has ten years of custom home building and another 10 years of insurance adjusting experience. He knows every single construction material type their useful life and a great idea on pricing. And so he oversees all of our kind of property tours he'll work with the brokers to talk about what types of value add opportunities there may or may not be at certain properties. He comes up with renovation budgets and oversees the renovation implementation, once we close on a deal and have that value add strategy he loves it and he's very good at it. Dan and I lack the ability and probably lack the desire to learn about construction materials and deal with contractors, but Brandon lives for it and we love him for it.    Yeah. So the minute you guys get a deal. So you guys do the underwriting? You guys go over the deal and you actually work to get the deal in the first place and then you just give it out to Brandon and you don't need to worry about it anymore and you can go ahead and find the next deal. And that is how you guys grow and that is the synergy that you guys develop between the three of you. Am I right?    Yeah. All three of us are involved along the way. But the way that we think about it the renovation scope is Brandon's ownership. He's the final decision maker in that capacity. But when it comes to the dollars and the cost of it that's my lane from a finance perspective. So I oversee all the underwriting and so that's where Brandon and I work together and it's great to have those different responsibilities because if he says ‘hey we need this material for our value add renovation’ I say ‘if it's in the budget.’ And if it's not in the budget -  Brandon I have conversations about what can we adjust to make sure that it's in the budget. But ultimately having a distinct decision-maker for each major process is a great way that we've been able to keep the partnership moving and make decisions as we go. So there's no lack of decision making because one person is the final decision maker in each category but we're able to bring in two other opinions to help finalize that decision. Yes.    So, Dan, you can be more sure of yourself and the decisions that you're making because you have two other partners that are telling you that you're doing it right and they think that it's going to work and it's going to play well. So yeah I like that I know exactly how that feels because like I said I'm in a partnership. And so I know exactly how a partnership works and what are the benefits and the advantages there are also disadvantages, but I think that they are not, I mean I think the advantages are just way bigger. So you guys are still focused on multi-family nowadays when the market is a little bit more difficult than what you used to be?    Yeah, I think difficult is a relative term because at the end of the day there are deals in every market and deals at any time. It's about timing and luck plays a part in it but I always believe that if you're doing the right things. If you're having calls with brokers or property managers or attorneys or appraisers that there's always going to be an opportunity that comes up that makes a good deal. And so sometimes you have to work a little bit harder. Like you said today's market is probably a little bit more competitive in the multi-family space but we're still finding deals out there and we're doing all of these things to make sure that we have the ability to have a first look at a property or that we stay very competitive in the offer process by having good referrals from sellers or brokers that say ‘hey this group passive investing dot.com made up of Brandon, Dan and Danny are the best buyers for your asset and so trust them to get to know them and let's work together to sell them our asset and sell’ - that's what we continue to do. It is a little bit harder but like I said there are opportunities in every market at every time. You just have to work.    I see. How do you guys go about finding deals so what is your secret sauce or strategy?    Well for the multifamily space there is a smaller community I would say of brokers and sellers and so the best way to find deals within the multifamily space is building a good relationship with an active broker who sells or brings a lot of multi-family deals to market.    And so we focus a lot of attention on building those relationships. Again we're not in it to buy one deal this year. We want to buy over a billion and probably a few billion in assets over the next 10-20 years. So we're in this business for the long haul and we want to invest in those relationships and continue to use those relationships as we grow and as we age throughout this process and so we focus a lot on the relationship aspect of the business. And then whenever we're talking to people whether it's an investor who maybe a friend of theirs is invested in an apartment community that someone else is looking to sell it's just about having those candid conversations with people about things that matter.    Personally, I'm not one to sit down and have a very basic conversation with a person about the weather outside. I would rather talk about real estate, money, mindset, multifamily. Those are things that are important. Those are real-life critical items and it makes for a much better conversation, at least in my opinion. And so whenever I'm surrounded by people again those things naturally come up and it's always someone knows someone who is involved in real estate or involved in multifamily or invested and so you just meet more people and have more opportunities come your way as a result of just having fun interactions with people.    Yeah, that's great. So have you ever considered contacting the sellers directly instead of going through the broker? Because I know a lot of multifamily investors are doing that right now. They're just skipping the broker so they could find a better deal and so have you ever considered doing that maybe sending letters or called calling sellers directly?    Yes, I have and for the criteria of property that we target we look for a hundred and fifty units plus community. For those sized assets, the seller is definitely a sophisticated buyer. They didn't happen to just stumble into buying one hundred and fifty units. And so the seller in most cases 99 percent of those sales they're going to want to take it to market or. They're going to use their broker who they always use who sold the last 20 properties for them. I just believe that those size assets the best way to get those deals is through the broker because guess what? The broker knows the seller way better than you do. And so if I can meet the broker, have a good relationship with them that the broker is going to introduce me to 10 more sellers as opposed to just one. So if you're looking for smaller multi-family deals I would say less than 50 units, you may want to go directly to the sellers because they may be first-time multifamily owners or maybe a little bit smaller time where they're willing to come in a wheel and deal with you without a broker being involved. But for us our business at PassiveInvesting.com where we look at properties one hundred and fifty units plus in size built between 1985 and 2010 that have a value add opportunity.   We're working with brokers I see and that only makes sense because I noticed that when I targeted a few sellers that had multiple families that were less than 50 units then I found people that actually inherited these properties and that's something that you would not find with somebody that has one hundred and fifty units because you typically don't inherit that.    So I could totally understand what you're talking about. And I also notice that it's more efficient on the smaller scale. But when you're going to look for the hundred units 150 units then I notice that it's just easier to create the relationship. So tell us a little bit about the first time that you had to raise money to buy one of these deals since they're gigantic and what was the raise and how did you go about it?   Yeah. Throughout my real estate resumé   I started very similarly to a little bit different, but on a smaller scale like the rest of the folks start out.    And so the first asset that Caitlin and I bought we invested in 100 percent on our own to prove the concept that we are real estate investors and we're in it for the long haul.    We started by buying one million dollar office building because we work backward from the outcome that we want to find the solution that we need. And so we were targeting a specific cash flow number per month. At the time we wanted to buy an asset that generated five thousand dollars a month. And so we looked at if we had to do that we would need to buy like 10 single-family rentals in the area. And that just didn't make a lot of sense to me or we could buy one million dollars commercial asset and that generated five thousand dollars in cash flow each month for us. And so we bought that property and shortly after that we bought another office building and I had two investors that invested with me. And it took a lot of work to get those first investors onboard and the raise was only one hundred thousand dollars but when you're starting out raising money is very difficult because people want to know that you have experience and that you've done it before. So you need to either have real estate experience or another type of experience that leads to your ability to own and manage real estate assets. So fast-forwarding to today work closing on a property and a couple of weeks. It's a 17 and a half plus million dollar asset. We're raising eight point five million dollars for it and again we have evolved to this level you don't probably start out buying your first property and trying to raise eight-plus million dollars for it. But as you grow and as you kind of build that track record, that following, that investor based naturally more people become attracted to you and want to know what you're doing and how you're doing it and how they could be involved in it. And so if that answers the question, otherwise I'm happy to expand on it.    No that definitely answers the question.    So what are your plans right now and what are your plans for the future as far as your business - where are you planning to be in the next 10 years?   So our plan for the future, this year we're going to close on our goal of one hundred million in assets acquired in 2019 we're a little over halfway there. We're past the 50 million marks and sell for us. We're going to be buying two to three more assets this year. Our goal next year will likely be about three hundred million and we're going to stay focused and on track to get to over a billion in assets in the next few years.    Wow. So yeah I was just saying that's amazing that you guys got to the place where you're doing so well and you're making such progress from starting with just buying one office building with your wife to a point where you're thinking about buying properties in the millions and get to the billions one day. So that's amazing. What is one of the best ways to connect with you for our audience if anybody wants to get in touch?    The best way for people to connect if you're interested in investing with us in multi-family value add opportunities. Go to PassiveInvesting.com and you can get everything you need to know there. If you want to learn more about me personally just go to DannyRandazzo.com and you can get everything that you need to know about me there.    Wonderful. So thank you very much for being on the show today. We really appreciate it. I hope you're going to have a great rest of your day and I hope to hear from you in the future. So good luck in whatever it is that you guys are going to do.    Don thank you so much for having me on. As always have yourself your team or even the listeners go ahead and reach out to me if there's anything I can do to help them.  Thank you very much, Danny, you have a great day. Thank you.    Thanks for listening to the real estate investing podcast with Don and Eden. Stay tuned for more episodes. Till next time.   

Danny is an author, entrepreneur, host of a real estate mastermind, investor, national speaker, and volunteer with The First Tee. He has over half a decade of professional experience working as a financial consultant. Get $100 OFF Rod's Live Event in Baltimore, go to www.rodsbootcamp.com and enter discount code: Dwellynn Get your free book: www.audibletrial.com/dwellynn PLEASE GIVE THE US A REVIEW on iTunes using the link below: http://getpodcast.reviews/id/1256786108 Contact Danny: passiveinvesting.com Content mentioned: Influence: The Psychology of Persuasion https://www.amazon.com/Influence-Psychology-Persuasion-Robert-Cialdini/dp/006124189X/ref=sr_1_3?keywords=influence&qid=1561403673&s=gateway&sr=8-3 Follow Ola [www.instagram.com/oladantis] @OlaDantis for all other social media Send me a DM when you follow so I can say hi! www.dwellynn.com/invest

Danny Randazzo is joining Theo for Follow Along Friday again this week. He’ll be sharing some insights from his previous business week and what he learned. Theo will be sharing some advice from Best Ever Guests that he interviewed last week. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If they are pressuring you to pay them, something in wrong” Free Resource:   Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.    TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off. Go to and enter code FAIRLESS for 25% off your next screening.

Theo did the interviews for the podcast last week, and has some lessons learned to share with us today. Danny Randazzo is joining Theo and sharing some valuable lessons he has recently learned as well. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “People are more likely to deal with you if they know you, like you, and trust you. Free Document: Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.    TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off. Go to and enter code FAIRLESS for 25% off your next screening.

My guest in this episode is Danny Randazzo. Danny is an author, entrepreneur, host of a real estate mastermind, national speaker, and volunteer with The First Tee. He has over half a decade of professional experience working as a financial consultant. He advised multi-billion dollar companies and helped them achieve results in areas that include improved revenue performance, increased profit margin, and enhanced technology utilization. Today, Danny is a full time real estate entrepreneur and investor. His company, PassiveInvesting.com purchases value add apartment communities that are greater than 150 units. Danny is focused on asset management, building relationships, investment analysis, planning, and all things finance. If you are interested in joining our investor's group, you can go to cashflowninja.com/investorsgroup and fill out an application form or e-mail me at info@cashflowninja.com to start the discussion to see if you are a good fit for our group. If you are in the Philadelphia/Bucks County and Southern New Jersey area, we are hosting a live investors meetup event every month in Newtown, PA. For more information on the monthly event and information on how to join us at our next event, you can go to www.cashflowninja.com/events.   I am speaking at the Multifamily Investor Nation Summit, coming up on June 27th thru the 29th?  It’s a three-day information packed event for multifamily investors, with over 1,000 attendees and over 50 speakers!  You will hear from experts about finding deals, raising capital, underwriting strategies, selecting markets, and so much more!  To access the event you can go to apartmentevent.com to grab your ticket and use promo code NINJA to get $100 off! Interview Links: www.RandazzoCapital.com www.PassiveInvesting.com 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! Support Our Sponsors Producers Wealth, create, protect & multiply your wealth in ANY Economy. Asym Capital, achieve asymmetric returns through recession-resistant real estate.   Norada Real Estate, create real wealth and passive monthly cash flow.   The Real Asset Investor, alternative cash flow investments.   Goldsilver, buy physical gold & silver to hold as wealth insurance.   Cashflow Gold & Silver, learn how to create income streams from your Gold & Silver Investments.   Property Profits, how to buy & profit from prime real estate.   Audible, download any audiobook for FREE when you try Audible for 30 days.   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, @thecashflowninja.   Until next time! Live a life of passion and purpose on YOUR terms,   M.C. Laubscher

Danny is an author, entrepreneur, host of a mastermind, national speaker, and volunteer. His financial freedom journey started at five years old and today his company owns $130,000,000 in real estate. Top 3 Value Bombs: 1. Financial freedom and financial responsibility are your own ownership. Do not rely on other people to be responsible for it. 2. You cannot force finding the right people to work with. It needs to be a natural progression. 3. Make a change today that can benefit you and your family for generations to come down the road. Get Danny's book - The Boy Who Lost His Wallet Sponsor: Klaviyo: Discover winning marketing strategies in Klaviyo’s new video series: Ready, Set, Grow. Visit Klaviyo.com/fire! Vincero Watches: Time is your most precious resource, and Vincero crafts the watches you need to own every second. Visit VinceroWatches.com/fire and use promo code FIRE for 15% off PLUS free shipping worldwide!

Danny Randazzo is building financial freedom for his family with a mix of commercial office space, short term rentals and large multi family syndications. He has been financially savvy from a young age and became fascinated with the idea of investing in real estate. Danny Randazzo and his wife sold everything they owned in the summer of 2016 and relocated to Charleston, South Carolina to build a real estate portfolio. Their first purchase was 2 commercial buildings for $1,000,000. Danny has continued to invest in a variety of commercial, residential, and small multifamily properties through his company Randazzo Capital. Currently Randazzo Capital controls over $8,000,000 in commercial and residential real estate. How much money did he get started with? A commercial property generally requires 30% down and so Danny probably started with around $300,000. How long did it take for him to educate himself? Danny was learning through his entire life. If you distilled down the core of what he learned you could probably get there in a year or two. How much time does it take him now? Managing his real estate investments is a 2nd full time job. He spends mornings, evenings and weekends working on his real estate investments. He is probably spending around 20 hours a week but with systems and outsourcing it could be less. Could he do this from anywhere in the world? Danny thinks it could be location dependent for about 3 months but with systems and outsourcing in place it would be able to be longer. What you’ll learn about in this episode Getting started by buying his first rental house Considering the benefits of commercial real estate Working out what properties they would need to create their goal income Skipping the traditional route of incrementally investing in real estate The advantages of commercial properties over family homes Getting the funds to invest in commercial property Their journey to being able to invest in a $1 million dollar property How his financial savviness started in middle school Buying his first home in California Selling his California properties and relocating to Charleston, South Carolina Skills he recommends learning How he works with other investors on properties Systems he uses to prioritize his time How they are looking to expand to other markets beyond their local area When they visit potential properties and how they use property managers That finding opportunities is the biggest challenge out there and networking is key What he would do if he had to go back and start again Advice for people wanting to get into investing Go bigger than you think you can go (https://www.roadtofamilyfreedom.com/subscribe/) Help Us Out! Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here (https://www.roadtofamilyfreedom.com/review/) . Thank you so much! We really appreciate it! Links from the show GrantCardone.com (https://grantcardone.com/) RichDad.com (https://www.richdad.com/) Books Mentioned in the Show Rich Dad, Poor Dad (https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680178/ref=as_li_ss_tl?_encoding=UTF8&qid=1558067248&sr=8-1&linkCode=ll1&tag=thebrittme06-20&linkId=a1b0d478026c554d50b25a3b8b9fc58b&language=en_US) by Robert Kiyosaki Mistakes Millionaires Make (https://www.amazon.com/Mistakes-Millionaires-Make-Successful-Entrepreneurs/dp/1626343284/ref=as_li_ss_tl?_encoding=UTF8&qid=1558067317&sr=1-1&linkCode=ll1&tag=thebrittme06-20&linkId=8202e3b9f22ba09d9ab5a47c5dfda5b8&language=en_US) by Harry Clark Tweetable Topics: I could buy 5 commercial properties that generate the same income as 1,000 single family homes and I’ve got 5 properties to manage and oversee. The contracts have a couple more zeros and the decimal is...

Close your eyes and imagine for a moment how it would feel to quit your W-2 job. Imagine having the freedom to control your own time—and financial destiny. Imagine having the passive income to cover your expenses and provide for your family long-term, without being stuck in those golden handcuffs. If you’re dreaming of handing in a letter of resignation, then multifamily real estate investing may offer the ideal solution. Danny Randazzo is an author, entrepreneur and full-time real estate investor. He has a background as a financial consultant, advising multibillion-dollar companies in improving revenue performance, but Danny’s ambition to achieve financial freedom led him to move from the Bay Area to Charleston, South Carolina, and build an impressive real estate portfolio with his wife, Caitlin. Now, Danny and his team control $130M in multifamily properties across the country, and he is focused on helping others invest passively in apartment buildings. Today, Danny joins me to discuss his transition from W-2 employee to full-time real estate investor. He reflects on his decision to move to a market ripe for growth and the impetus behind his pivot to focus fully on multifamily. Danny also offers advice around raising money for syndications, ensuring alignment of interests with potential partners, and leveraging joint ventures to scale your business. Listen in for insight on making the decision to quit your job and pursue real estate full-time and learn why multifamily is the most direct route to financial freedom! Key Takeaways How Danny feels about quitting his job Corporate job no longer providing what family needs Joy in controlling own time and financial destiny Danny’s transition from employee to full-time investor Good personal financial position 100% focus to take real estate business next level How Danny got into real estate House hack with extra money from working in UAE Decision to move to Charleston, SC (ripe for growth) Danny’s pivot to focus on apartment buildings Benefits in terms of scalability, occupancy protection Grew portfolio to control $130M in multifamily Danny’s guidance around raising money for deals Use own equity nest egg for proof of concept Educate + share opportunities to invest in real estate The benefits of passive investing in multifamily Cashflow Future equity appreciation Tax advantages The role of joint ventures in scaling your business Allows for creativity in how do deals Work together to achieve greater results Danny’s top real estate lessons learned Alignment of interests with partner’s wants + needs Find solutions with help from network Danny’s advice for aspiring investors on quitting your job Get clear on financial needs + goals Do math on # of properties to cover expenses What Danny is excited about moving forward Several multifamily deals in pipeline Vacation to South Africa with wife Connect with Danny Passive Investing Randazzo Capital Danny’s Blog The Boy Who Lost His Wallet (Wealth Lessons for Kids) by Danny Randazzo Resources Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not by Robert T. Kiyosaki Commercial Investing Books by Dolf de Roos Tom Wheelwright on ABI EP127 Grant Cardone The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) by Hal Elrod Deal Maker Live Michael’s Products Michael’s Mentoring Program Invest with Michael Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank Podcast Show Notes Review the Podcast on iTunes Michael’s Website Michael on Facebook Michael on Instagram Apartment Investor Network Facebook Group

Danny Randazzo is an author, entrepreneur, host of a real estate mastermind, investor, national speaker, and volunteer with The First Tee. He has over half a decade of professional experience working as a financial consultant. He advised multi-billion dollar companies and helped them achieve results in areas that include improved revenue performance, increased profit margin, and enhanced technology utilization. His passion for financial freedom started when he was five years old running small businesses to make extra money. In high school, he read real estate books and studied finance to understand the power of owning assets. His commercial real estate knowledge (from books) gave him and Caitlin the courage to buy their first investment property, which was a $1,000,000 office building. Within the company, Danny is focused on asset management, building relationships, investment analysis, planning, and all things finance. Key Discussion Points: Raising Money from Family & Friends Transparency is the MOST important Build Credibility Fear of being Uncomfortable -> Feel the Pain! 1st Deal will be your most difficult Where is the market going? Focus on investing in your backyard Job and population growth are key indicators for potential markets Low hanging fruit to slash operating expenses The First Tee   Episode Affiliate: Passive Real Estate Investor Academy   Contact: Danny Randazzo PassiveInvesting.com RandazzoCapital.com   Links mentioned in this episode: The Boy Who Lost His Wallet by Danny Randazzo Way of The Warrior Kid by Jocko Willink  Real Estate Investing for The W2 Employee Facebook Group W2Capitalist.com HelmsREI.com 

Danny acquired his first rental property in 2013, and from that initial profitable experience with real estate, he became obsessed with building a multi-million dollar portfolio that generates double digit returns. He has completed 11 projects with over $8M in assets under management. He is now a Key Principal/Partner at PassiveInvesting.com, focusing on finance.

Danny acquired his first rental property in 2013, and from that initial profitable experience with real estate, he became obsessed with building a multi-million dollar portfolio that generates double digit returns. Brandon is a partner at PassiveInvesting.com, focusing on asset procurement and asset management. As a professional in the real estate and construction fields since 2005, he brings specialized knowledge when finding, underwriting, and managing assets.

Multifamily Investing Topic: Working with Multifamily Brokers and Accurately Estimating CapEx Budgets with Brandon Abbott, Tai Cohen and Danny Randazzo

Danny acquired his first rental property in 2013, and from that initial profitable experience with real estate, he became obsessed with building a multi-million dollar portfolio that generates double digit returns. Brandon is a partner at PassiveInvesting.com, focusing on asset procurement and asset management. As a professional in the real estate and construction fields since […]

Danny acquired his first rental property in 2013, and from that initial profitable experience with real estate, he became obsessed with building a multi-million dollar portfolio that generates double digit returns. He has completed 11 projects with over $8M in assets under management. He is now a Key Principal/Partner at PassiveInvesting.com, focusing on finance.

Multifamily Investing Topic: Working with Multifamily Brokers and Accurately Estimating CapEx Budgets with Brandon Abbott, Tai Cohen and Danny Randazzo

A deal structure can be considered the bread and butter of investors. You may lose a deal if terms are not tailored professionally. Danny Randazzo of Randazzo Capital is a pro in structuring deals. An author, entrepreneur, and a host of a real estate mastermind, Danny imparts his 30-second spiel with brokers and the number […]

Danny has been on the show before, but has ventured into a new field to share with us today. He decided to start writing a series of kids’ books about the wealth lessons he has learned along his real estate journey. No doubt that teaching children money and wealth lessons early can have a tremendous impact on their future, as it did for Danny at the age of five. So tune in to hear ideas on educating our children, or even check out Danny’s book after the episode! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Make sure if they do get a birthday present or earn a little extra money running a lemonade stand, that they always take care of it and have a special place to keep it” - Danny Randazzo Danny Randazzo Real Estate Background: Preciously a financial consultant, now an investor and owner of Randazzo Capital, they focus on 150+ unit MF properties Owns $130,000,000 of real estate Check out his new children’s book here: Listen to his previous episodes: Based in Charleston, SC Say hi to him at How great would It be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with . It’s NOT A REIT or a fund. is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at

“It goes back to the mindset shift, or the flip of the switch in your mind and in your heart, where you know you have to make a change to better yourself. You have to be accepting of that switch and just know there’s no other option than doing this.” Danny Randazzo and his Partner/Wife experienced an incredible shift in their mindsets and backed it up with some radical steps in achieving their dream of building a multifamily real estate portfolio. Selling all their possessions in the Bay Area, CA., and bravely moving to Charleston, South Carolina, their target market, they gambled it all. In this episode, you’ll learn the power of “flipping the switch”, why multifamily investing is ideal for passive investors, and how being open to opportunity and prepared can prove the concept YOU ARE AN INVESTOR. Listen to the exhilarating experience Danny had in closing on his first 2 Commercial Buildings totaling $1MM and allowing nothing to hold him back from making his vision a reality. Inspiration guaranteed. Danny’s Bio: In his career, Danny Randazzo has done 13 deals and controls over $21MM worth of real estate and 163 multifamily units. Danny has successfully purchased various types of deals: on market, off market, mailing owners, short sale, and courthouse foreclosure sale. In addition, Danny has been a featured speaker at the Best Ever Conference, hosted a local real estate meet up, and volunteered with The First Tee of Greater Charleston to teach about life/golf. How to Reach Danny: Passiveinvesting.com If you enjoy listening to my show, don’t forget to subscribe and leave a review! 

Can you imagine selling everything and moving to a different state in pursuit of financial freedom? That’s exactly what Danny Randazzo and his wife did in 2016 and he acquired his first $1 million property soon after. He now controls over $22 million of commercial and residential real estate. In this interview, Danny shares What goals he set for himself and why Why building a team allowed him to succeed How he was able to extract half his money out of the deal to help acquire the next one Connect with Danny Randazzo: http://www.investwithdanny.com http://www.randazzocapital.com Connect with Seth Ferguson: http://www.SethFerguson.org http://www.ALBACapitalGroup.com

Danny Randazzo owns and controls over $130,000,000 in real estate, as well as being an author, entrepreneur, host of a real estate mastermind, national speaker, and volunteer with The First Tee. He has over half a decade of professional experience working as a financial consultant where he advised multi-billion dollar companies and helped them achieve results in areas that include improved revenue performance, increased profit margin, and fully taking advantage of technology. And Danny leapt right into the deep end with his first investment property, which was a $1,000,000 commercial building! In today’s episode we dive into how to get further faster in every aspect of your life, how to make monumental and tough decisions about your future, and how to form partnerships in multifamily investing and forming new businesses that will help you and your business get further faster! Further, faster! Remember that line! !! Get entered to win a $50 Amazon gift card by signing up to our Email Newsletter at www.evanholladay.com !! Books Recommended by Danny: Living with the Monks: https://amzn.to/2SQHZDP Danny's Websites: https://www.randazzocapital.com/ & http://passiveinvesting.com/ Leave a review for Monumental on iTunes: www.bit.ly/eholladay Intro/Outro Music by The Pass: SoundCloud: www.soundcloud.com/the-pass/tracks sonaBLAST! Records: www.sonablast.com/ Subscribe to the podcast and emails from Evan: www.evanholladay.com Follow Evan on Instagram: www.instagram.com/evanholladay Follow Evan on Facebook: www.facebook.com/EvanHolladay Follow Evan on Twitter: www.twitter.com/EvanHolladay Contact Evan: www.evanholladay.com

Today we chat with Danny Randazzo based out of Charleston SC. Danny is a Financial Consultant as well as a successful commercial real estate investor. He discusses why he got into real estate investing and how he was making plans to do so since high school! Danny shares his journey from house hacking to buying a $1M commercial office building and touches on his current focus of multifamily value add properties. Danny's got a really good story and provides some outstanding advice for anyone looking to get into the commercial space.  

In this episode, Whitney interviews Danny Randazzo, Head of Acquisitions, Randazzo Capital. Danny invests in $2-$10 million commercial and multifamily investment opportunities that generate positive cash flow and value add opportunities. Danny shares how a solid educational foundation and goal-setting helped him find success in real estate syndication. Can you syndicate a deal as a multimember LLC? How do you set goals that help you achieve clarity? Which are some promising asset classes and areas that syndicators can consider right now? Tune in for some great business advice!

“The commercial real estate lending market remains robust, despite financial market volatility and heightened trade tensions” CBRE (https://www.cbre.us/about/media-center/lending-figures-q2-2018) Today’s guest is Mitch Ginsberg, CEO, and Founder of CommLoan. Mitch has managed to gain over 25 years of experience in finance and accounting. Mitch will tell you that in taking the cutting edge technology of the CommLoan platform (CUPID) and combining it with good old-fashioned customer service, anything is possible. During this episode, Mitch and I discuss how he disrupted the commercial real estate lending industry. He did this when he founded CommLoan using technology to change the game of commercial real estate lending. We also dive into the details of how CommLoan has created a win-win situation for borrowers and banking institutions alike. Mitch also discusses market projections for commercial lending as well as what’s in store for CommLoan in the future. Tip of the Day: As long as your vision is true and pure, you will get through it. -Mitch GinsbergTweet This Further Listening:  Check out  #INVESTTHIS EP 11: Investing in Commerical Real Estate with Danny Randazzo (https://www.investthispodcast.com/investing-in-commercial-real-estate-with-danny-randazzo/) , for actionable insights and advice. Get Started In Wholesaling: Want to get started in wholesaling? I got my first deal going using Real Estate World Wide. TRY IT YOURSELF! (https://jr208.isrefer.com/go/fmsnaw/a717/)

Danny Randazzo joins us to discuss his strategies behind buying commercial real estate. He also shares with us some key tips to success: Have passion and a burning desire Know your financials Have gratitude Danny and his wife sold everything they owned in the summer of 2016 and relocated to Charleston, South Carolina to build a real estate portfolio. Randazzo Capital made its first investment purchase in the winter of 2016, buying 2 commercial buildings for $1,000,000. Since then, Randazzo Capital has utilized strong investor and lender relationships to purchase another $1,000,000 commercial building, a short sale renovation project, a 4 unit residential rental, a 2 unit residential rental, and 2 beachfront foreclosures. The company controls over $7,500,000 in commercial and residential real estate. Danny has been a speaker at The Best Ever Real Estate Conference in Denver, CO and a guest on many national real estate podcasts. Danny is the host of a local real estate meet up in Charleston to help local investors build networks and improve their business. Danny volunteers with The First Tee of Greater Charleston that is a golf academy to teach kids about honesty, integrity, respect and life on and off the golf course. Book recommended: “Mistakes Millionaires Make” by Harry Clark You can connect with Danny at: investwithdanny.com This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ

Danny Randazzo and his partners have acquired over $8 million worth of real estate since just 2013 and he joins us to share how he has been able to scale so quickly in just a few years. Danny blows away any myths about needing to start small in real estate as he walks through his first deal that was a $1 million dollar commercial building, then explains how he has continued to build his portfolio. Danny now invests in commercial and multifamily real estate and has scaled significantly by partnering wisely and using solid fundamentals to find deals that provide solid, long-term cash flow for everyone involved.

Today we get to hear personal, real life stories from Danny’s own experiences with finding partners. As everyone knows, real estate success is definitely a team effort, and who you choose to partner with or team with can have a tremendous impact on your investing business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “As well as you know that person, their mindset may change when their money is actually in the deal” - Danny Randazzo   Danny Randazzo Real Estate Background: Controls $6.5M of commercial, multifamily, and single family investment properties Multiple focuses like commercial offices, multifamily apartments, airbnb’s, short sales, and foreclosures Uses creative strategies like joint ventures, syndications, and partnerships to close deals Based in Charleston, SC Say hi to him at Listen to his Best Ever Advice here: Get more real estate investing tips every week by subscribing for our newsletter at   Best Ever Listeners: We have launched   We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit

Background: Danny got started in real estate investing through good old fashion hard work and a mindset to accomplish any goal he commits to. In high school, he started tracking monthly income and expenses to the penny. In 2013, he took every available liquid dollar to buy a 3 bedroom 3 bath primary residence in the San Francisco Bay Area. He house hacked with two roommates that nearly covered his cost of living plus homeownership expenses (Danny paid about $450 monthly). After selling his place in the summer of 2016, his wife and him moved to Charleston, South Carolina to build a real estate portfolio. In the winter of 2016, he made his first investment purchase, buying 2 commercial buildings that have 6 rental units. Since then, Randazzo Capital has purchased 1 commercial building that has 14 rental units, 1 short sale renovation project, a 4 unit residential rental, a 2 unit residential rental, and two beachfront condo foreclosures. The company controls over $6,500,000 in commercial and residential real estate. Current Focus: Their current focus is midsize $2-$10M commercial and multifamily investment opportunities that generate positive cash flow and or have value add opportunities. Danny is the host of a local meet up in Charleston that meets on the 1st and 3rd Friday of each month to help local investor build their networks and increase their business. Danny volunteers with The First Tee of Greater Charleston that is a golf academy to teach kids about honesty, integrity, respect and life on and off the golf course. Topics discussed: Multifamily Syndications House Hacking Links mentioned in this episode: Connect With Danny!! dan@randazzocapital.com Join Self Directed Investors Network!

In Episode 11 of #INVESTTHIS, we talk with successful commercial real estate investor Danny Randazzo. Danny is a partner of Randazzo Capital. From his initial profitable experience with real estate, he became obsessed with building a multi-million dollar portfolio that generates double-digit returns. In this week’s episode, Danny talks about his three rules when investing in commercial real estate, how to put together profitable joint ventures as well as how to attract and acquire investing partners. If you would like to work with Danny, please click here (http://investwithdanny.com) .

Download This Awesome Podcast: http://bit.ly/2Jvz2P1 Since we last talked to our Friend and Mentor Joe Fairless he has almost DOUBLED his Real Estate Holdings from 135 Million to 265 Million. The most amazing thing is... He is still the same humble and awesome guy he was almost 130 Million dollars ago. We are supremely honored to have him back today to share his entrepreneurial journey. Joe is a full time real estate investor and Host of the world's longest running daily real estate podcast, Best Real Estate Investing Advice Ever. His career began in New York City as the youngest vice president of an advertising agency. Joe's "Best Ever Podcast" is the longest running DAILY Real Estate Podcast and hosts distinguished real estate investors and entrepreneurs to share their advice and success stories. Past interview guests include Barbara Corcoran and Robert Kiyosaki. Joe is the Author of the Best Real Estate Investing Advice Ever, Volume 1 & 2, which has been personally endorsed by Barbara Corcoran, with all profits being donated to Junior Achievement of Cincinnati. ON HOW JOE DOUBLED HIS REAL ESTATE HOLDINGS: Doubled? Wow, isn't that crazy? …I did that through identifying what I am especially talented in, making sure that I focus on that skill set and also know what other skills are required to be successful in our industry. Then, partnering and/or hiring people who have those skill sets. That's the secret. That's the recipe. You do what you are very, very good at. But you have to know what you are good at with in the context of your business that you're in. And if you do that… LISTEN IN FOR MORE ON JOE'S SECRETS!!! JOE'S GREATEST ACHIEVEMENT: The intentional focus on personal development is my greatest achievement. The immediate thought that came to mind was marrying Colleen, my wife. But that wouldn't have happened if I wasn't intentionally focused on personal development… ON GOALS Every year, instead of goals, I do categories of improvement. I tracked how I did last year in all these categories like body, fun, family, business and two or three other categories… and one thing might be for Body: last year my goal was to run 50 miles a month. What I found was that that wasn't encouraging me to do something daily… I wasn't consistently active. …This years category improvement is doing at least 10500 steps, 60 push ups and a 60 second plank everyday and that at least gets me active… LITTLE KNOWN FACT ABOUT JOE: Did you know that Joe used to bench press 265Lbs. in college? Now he controls that much in Real Estate! ON JOE'S BEST EVER CONFERENCE: The ONLY Real Estate Investing Conference whose content and speakers are curated based on the expressed needs of the audience. Some of our past guests on The REI Foundation Podcast will be speaking! They include: Trevor MacGregor, J Scott, Andrew Campbell, Danny Randazzo and Kevin Bupp! For a 10% discount put in the coupon code #jandp https://besteverconference.com/ ACTION STEP: Start your own Meet up… For Joe's steps on how to start a meet up… LISTEN IN!!! WHAT IS ON YOUR TOMBSTONE Those who I came across are better off because I came across them. HOW TO GET A HOLD OF JOE www.joefairless.com Email info@joefairless.com for free apartment investing guide! If you are an accredited investor and would like to invest passively go to www.investwithjoe.com So grateful to you for listening! Thank you! If you enjoyed what you've listened to today please leave us a five-star review on iTunes and Like and Follow us on YouTube at The REI Foundation and FaceBook at The REI Foundation Podcast !!! Your support is AWESOME! See acast.com/privacy for privacy and opt-out information.

Download This Awesome Podcast: http://bit.ly/2HbVycZ Danny Randazzo got started in real estate investing through good old fashion hard work with a mindset to accomplish any goal he commits to. In high school, he started tracking monthly income and expenses to the penny to track money coming in and expenses going out. In 2013, he took every available liquid dollar to buy a 3 bedroom 3 bath primary residence in the San Francisco Bay Area. He house hacked with two roommates that nearly covered his cost of living plus homeownership (Danny paid about $450 monthly). After selling his place in the summer of 2016, he moved to Charleston, South Carolina with his fiancé (at the time) to build a real estate empire. In the winter of 2016, he made his first investment purchase, buying 2 commercial buildings that have 6 rental units. Since then, his company has purchased 1 commercial building with 14 rental units, 1 short sale renovation project and a 4 unit residential rental. His company now controls over $4,500,000 in commercial and residential real estate. Their current focus is commercial and multifamily investment opportunities that generate positive cash flow and or have value add opportunities. ON TRAVEL: “Its over 50 (countries traveled to)… Go out and experience other cultures and really have an appreciation for living in the best country with unlimited possibilities for entrepreneurs and business owners… Real Estate is something that interests us highly as a means to motivate our lifestyle and afford us the opportunities to travel around.” ON MOVING INTO HIS MARKET: “We settled on Charleston because we had a community of people. My wife was originally from Charleston. So we had a group we could be in grained with. We have a broker and an attorney in house who is part of our team. So it was a great way for us to get started with an existing network in place where we weren't starting from scratch. There is a growing economy in terms of jobs and population growth so two of the major factors I look for in a good real estate market we are experiencing here in Charleston…” ON MENTORSHIP AND EDUCATION: “I read for fun, but fun to me is stock market books, real estate books, finance books. I've always been very diligent around that and really building a foundation of what drives me is that education component.” Book of Influence: Rich Dad Poor Dad - Robert Kiyosaki Author of Influence: Dr Dolf de Roos - for commercial investing COMMERCIAL VS. RESIDENTIAL: “You have the ability to really scale and grow your monthly cash flow in a faster method. There is a difference between buying 10, 100K SFH versus one million dollar commercial property where you can have lower matinence, lower management oversight and potentially higher margins when you bring in some of those triple net lease options as compared to a single family rental. WHEN EVALUATING COMMERCIAL OPPORTUNITES: “We like to look for properties that will #1: produce cash flow on day one of purchase or very quickly there after if there is a value add component… And then, also have the opportunity to increase the value of that asset through increased revenue to that property either through increasing rents with tenants or potentially adding different streams of revenue. If we add an additional thousand dollars of income per month that equates to a significant portion when you value that property at the cap rate based on the current NOI. So little things like that can make a big impact to a large asset within the commercial space. ACTIONABLE STEP: “It's still something that I'm working on: surrounding myself with more like minded individuals and mentors to help guide as you go through new transactions. I would love to have more people around me to support and have a continued network… I think it's really important to step outside of your computer and connect in person with people. Walk people through your property or show them what your working on and validate your numbers. For me… getting started… I think it would have been helpful, I think I would have avoided the mistakes that I have made if I'd had a Mentor… Just have a Mentor.” WORDS TO LIVE BY: “Be quick to apologize if you make a mistake. Take ownership on your life and your actions. People get caught up where they want to invest in real estate but then they sit on the couch and watch TV for two hours in the evening. You have control over your destiny. You have control over your life style. There are very very very few excuses that ever should be brought up in taking control of your life and really getting to where you want to be BECAUSE IT'S UP TO YOU. You own your life. You own your mistakes. You own your successes. Another Book to Read: Extreme Ownership - Jocko Willink HOW TO GET A HOLD OF DANNY: www.Investwithdanny.com See acast.com/privacy for privacy and opt-out information.

Danny Randazzo is a full-time manager at Deloitte where he provides financial consulting services. In 2016, Danny moved to Charleston, SC with his fiancé. His goal was to build a real estate portfolio that would generate multiple streams of income and provide financial security for their future. He began by purchasing 2 office buildings and has since gone on to purchase a variety of commercial and residential properties controlling over $4.5M in assets.

Danny Randazzo began his consulting career with Accenture's U.S. consulting practice. After moving to Abu Dhabi, United Arab Emirates to pursue an international project opportunity, he returned to the United States a year later. He then joined Deloitte where he currently works full-time providing financial consulting services. In 2013, Danny purchased a 3 bedroom 3 bath residence in the San Francisco Bay Area. He house-hacked his way to covering his living expenses and cost of the home itself. In this first part of the interview, Danny shares thoughts on how everyone can start building equity by house hacking.