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Updated over 5 years ago on . Most recent reply

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Danny Randazzo
  • Apartment Syndicator
  • Charleston, SC
727
Votes |
973
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Zig When Everyone Zags

Danny Randazzo
  • Apartment Syndicator
  • Charleston, SC
Posted

I have been thinking about this statement daily for many months now. I'm constantly thinking about ways to be different or learning new skills or finding new deals or doing podcast interviews. I think you get the point that its an evolving process we (multifamily investors) all go through. What are you doing today to be different? 

  • Danny Randazzo
  • Most Popular Reply

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    Mike Dymski
    #5 Investor Mindset Contributor
    • Investor
    • Greenville, SC
    13,015
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    4,908
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    Mike Dymski
    #5 Investor Mindset Contributor
    • Investor
    • Greenville, SC
    Replied

    The contrarian strategy, as it's typically executed, is extremely unprofitable most of the time.  We have been answering posts for five years on the pending recession while other investors have made millions.

    It's more important to pivot, grow, and be excellent than contrarian...which is consistent with the wording of your post.

    I am investing more in cash flow plays than opportunistic plays right now (and always adding value).  I am also investing more with others right now...those who have full time staff dedicated to deal flow.  In this market, we need hundreds of opportunities flowing through the deal funnel to close on only a few.

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