Ep. 140: How Strong Partnerships Lead to Explosive Growth with Danny Randazzo

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.  

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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

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