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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!
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 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 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...
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
Danny is an author, entrepreneur, host of a real estate mastermind, national speaker, and volunteer with The First Tee. Danny owns over $130,000,000 of real estate. 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 building. Within the company, Danny is focused on building relationships, investment analysis, and planning. Danny and his partners are currently focused on investing in 150 unit plus multifamily properties valued between $10-$50M that generate positive cash flow and have value add opportunities to achieve investor returns. Caitlin Randazzo is an experienced business woman, entrepreneur, and investor. She has experience in multiple industries which includes fashion, wellness, and design. She was born and raised in Charleston, South Carolina. She spent a decade between New York City and San Francisco running her own businesses before returning home in 2016. Her fascination with real estate truly began the first day she met Danny in 2014 on a boat in Vietnam. He explained he owned his home in the Bay Area and his cost of living expense was $450 a month. After that day, she immersed herself in real estate podcasts and books to learn how a portfolio can change lives. She has deep real estate knowledge through education and real life experience as her and Danny continue building their portfolio. She is the architect behind many of Randazzo Capital's ventures and creative ideas. Her role within the company is focused on branding, design, and investor relations. Some topics covered: -The wealth lesson for kids' 5 part book series they are coming out with and why they created them -Why is money a taboo subject, particularly within a family? -Passing on the “keys to the kingdom” to your children -The age range for this book series -How to get in touch with Danny and Caitlin: www.randazzocapital.com -Interested in investing in multifamily deals alongside Danny and Cailtin? Go to: www.PassiveInvesting.com -Go get your copy of “The Boy Who Lost His Wallet” HERE available now on Amazon! As always we thank you so much for your support. We appreciate you for listening. If you like what you hear it would mean a lot if you can give us a 5 star rating and review on iTunes. https://goo.gl/N4pp6T Google Play - https://goo.gl/RHjVzX Podcast on YouTube: https://youtu.be/j88vle1_cfE Check out our Facebook page at Yarusi Holdings. https://www.facebook.com/YarusiHoldings/ REI Foundation Podcast: https://thereifoundation.libsyn.com/ Jason Yarusi: https://goo.gl/maps/gQxAKY2vRnJ2 Yarusi Holdings: https://goo.gl/maps/r6C864Cc8WM2 Real Estate Foundation Podcast: https://goo.gl/maps/TpM43UPhKHD2 For our YouTube Channel click here. https://goo.gl/SJiYh A full list of podcasts are available at https://www.yarusiholdings.com/podcast/ And if you have any questions feel free to reach us at info@yarusiholdings.com See acast.com/privacy for privacy and opt-out information.
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!
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
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) .