How to Buy Apartment Buildings While Working a Day Job w/ Anthony Scandariato

08/02/23 • 38 min

Deals & Dollars: Real Estate Investors and Entrepreneurs

Ever wanted to peek behind the curtain of successful real estate investing? Today's the day! Join us as we unravel the journey of Anthony Scantariado, Co-founder and principal of Red Knight Properties, from flipping a two-family house to acquiring a portfolio of 70 units. Anthony walks us through his investment strategies and the challenges he faced, while also shedding light on why he branched out his ventures to different states. Get ready to gain a deeper understanding of the real estate landscape as we delve into eviction proceedings in New Jersey and how it influenced Anthony's decisions.
With Anthony, we traverse the intriguing world of Assets Under Management (AUM), as he explains why it’s not always an accurate measure of a deal's success. Anthony reveals how he and his partner managed to raise an impressive 1.4 million for their first deal, and have since soared to manage 140 million in AUM.
From investing in Florida to managing properties in Ohio, we tackle the challenges and risks of out-of-state markets. Hear firsthand from Anthony about the importance of local presence and trusting your hires, as he shares his experiences and strategies for remote property management. We end with a detailed discussion about current market conditions and how they are impacting investments.
This is an episode you won't want to miss, packed with nuggets of wisdom from an industry expert who has navigated the complex world of real estate investment successfully.

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Deals & Dollars: Real Estate Investors and Entrepreneurs - How to Buy Apartment Buildings While Working a Day Job w/ Anthony Scandariato

Transcript

Eric Paneci00:00:00.585

Yeah , nobody talks about that , though I bet that's a better metric right , I think .

Anthony Scandariato00:00:04.519

Well , you hear sometimes the syndicators oh , I own 10,000 units and they're like a very small GP in one deal and they put in like 50 grand . And they're like yeah , I own 10,000 units .

David Choi00:00:26.160

All