Multifamily Missteps Hosted by Christy Keeton
Are you tired of the "rainbows and butterflies" approach in multifamily investing, where everything unfolds seamlessly, and everybody wins? You never see “behind the scenes” reality.
If you resonate with our perspective, acknowledging that true insights emerge from navigating mistakes and challenges, then you're in the right place.
Join Christy Keeton, your host, as she dives into the missteps and lessons learned encountered by active apartment operators.
In these episodes, we embark on a journey to dissect and analyze the pitfalls within the multifamily project life cycle, focusing on the crucial stages of Finding, Funding, Fixing, or Flipping a project.
Instead of glossing over setbacks, we shine a spotlight on them, providing a valuable learning experience for our audience. Each episode concludes not only by revealing how the issue at hand was rectified but also by sharing other priceless lessons derived from the experience.
It's an unfiltered exploration of the multifamily investment landscape, revealing the intricate tapestry of challenges and solutions that make the journey worthwhile.
Multifamily Missteps Hosted by Christy Keeton
Life and Safety Inspections Matter - Danny Randazzo
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 Segment
- Danny 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 partners
- They 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 Matter
- Danny 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 Segment
- Danny 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 Randazzo
Resources mentioned:
You 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!
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
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