How To Scale Up A Real Estate Business With Rich Danby

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Smartinvesting, Buyingrealestate, Investing, Multifamilyrealestateinvesting, Business, Investingsmart, Apartmentinvesting, Management, Makingmoney, Realestateinvesting, Cashflow, Jakeandgino, Realestateinvestment, Commercialrealestateinvesting, Buyingapartmentbuildings, Entrepreneurship

4.9 • 842 Ratings

🗓️ 29 April 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scaling any business is about figuring out the ‘how’ part. On this episode, Jake and Gino talk with Rich Danby. Rich is a full-time real estate investor, and the founder of Rich Ottawa Investments. He is the winner of the “Joint Venture Partner of the Year” award in 2015 by the Real Estate Investment Network and “Top Player Award” in 2014 and 2015 by the Real Estate Investment Network. The key takeaways include the following: Failure is the best teacher. In order to get into any industry, including real estate, first think about the problems you can solve. Focus on solutions. Don’t chase money, chase opportunities. Don’t look at mentorship as an expense. Look at it as an investment. It can help avoid costly mistakes, learn faster and shape up a better life. Learn more about Rich Danby: https://www.richottawainvestments.com/ Learn more about Jake & Gino: www.jakeandgino.com Apply for limited time, complimentary multifamily investing training: https://jakeandgino.mykajabi.com/freetraining Apply for Mentorship: https://jakeandgino.com/apply/

Transcript

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0:00.0	Scaling any business is about figuring out the how part.
0:11.3	Hello, it's Jake, Sinsana, host of Wilburra Props podcast here with my co-host,
0:14.3	a multifamily mentor, the coach, Chef, Father Sixth, bestselling author, the G Daddy.
0:18.6	Gino Barbo, Gene, how's it going?
0:19.9	Mr. Sanziano, I'm doing great. How you doing,
0:21.8	bro? You know, always making it happen, big man. Got a special guest today. We're going to be
0:27.5	getting outside of our comfort zone a little bit. Today's guest is Rich Danby. Rich enjoyed a 15-year
0:32.7	career in the television industry before making the leap to real estate investing full time.
0:38.7	Over the years, he has grown a large portfolio and successfully applied many investment
0:43.6	strategies, including rent-to-own, flips, Airbnb. We could ask some questions about that.
0:48.3	You've got some things in the horizon there, wholesaling, land development, and private lending.
0:54.0	So what further ado? Rich, welcome to show.
0:56.3	Thank you, Jake. Thank you, Gino. It's great to be here. All right. So you were a cool
1:01.2	television guy. Why did you make the jump into real estate here? Yeah, interesting enough,
1:07.9	when I first started investing in real estate, I didn't have a clue what I was doing.
1:13.1	And I was led by the hand by my realtor at the time while working in television broadcasting.
1:18.3	And then when my wife was pregnant with our son, who is now just about to turn 12, I realized that I had to do something different, that I couldn't rely on TV anymore because
1:27.8	times were changing. YouTube was coming up. Netflix didn't even exist, but I saw the writing on the wall.
1:33.3	So I knew I had to do something to prepare myself for the inevitable, which was eventually I could be
1:38.6	losing my job at any moment like many of my friends did across the country. So I knew that real estate was the way that I made the most money,
1:46.8	but really it was just luck.
1:48.4	There was no strategy.
	...

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