AAA89 Building Your Cash-Flows! - Danny Randazzo
Jul 27, 2018 • 25 minutes
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.
Links mentioned in this episode: Connect With Danny!! firstname.lastname@example.org
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