Creative Capital Podcast 84: 2,000 Units While Being a Dadpreneur with Daniel Croce

Jul 30, 2021

Welcome back to the Creative Capital Podcast with Josh Ferrari! In this episode, I welcome Daniel Croce! Daniel is the co-founder and a partner at Birgo Capital, a real estate private equity firm in Pittsburgh, Pennsylvania. Birgo acquires and operates multifamily investment properties in Pittsburgh and surrounding areas.

 

In this episode, Daniel talks about how he was able to scale his real estate business from 30 units to 2000 units while being a dadprenuer. He shares how he deals with the struggles that come with being a father and husband while being in real estate investing. Join us and listen in!

[00:01 - 10:16] Introduction  

 

• Welcoming Daniel to the show
• Daniel’s background
• • Always having the interest in investing
  • How he got into real estate investing
  • Building his portfolio
  • How he educated himself about real estate

 

[10:17 - 17:19] Scaling a Real Estate Business and Today’s Market

 

• From 30 to 2000 units
• • The role of operations and property management
  • Why partnerships were pivotal for him
• Daniel’s thoughts on today’s market
• • Believing in affordable multifamily real estate
  • How his mindset has shifted
  • The market in Pittsburgh

 

[17:20 - 39:04] Creating Partnerships that Will Help You Be Successful

 

• Being a dadpreneur
• • What even is it?
  • What makes a good dadpreneur
  • Having focus
  • Daniel’s thoughts on work-life balance
  • Finding out what works for you
  • Spending quality time with his wife
• Dealing with the struggles that come with being a dadpreneur
• • Inviting his family into the story
• Daniel talks about his team
• What the future looks like for Daniel

[39:05 - 41:36] The Pod Decks Segment  

 

• If you could know the truth behind any one secret or mystery, what would it be?
• What is the most stressful trip you've ever taken?

 

[41:37 - 51:57] The Core Four 

 

• What is your favorite real estate-related book?
• • The Book on Rental Property Investing (link below)
•  What do you think your unique skill is that helped you become successful?
• • Being trustworthy
• Tell me something that's true about real estate that almost nobody agrees with you on
• • Daniel’s thoughts on cash flow as the primary way to make money in real estate
• What one piece of advice would you give the listeners wanting to succeed in real estate investing?
• • Just get in the game!
  • Think and talk about risk
• Connect with Daniel!
• A summary of the episode

Key Quotes: 

 

“It's one of those things where the outcomes are fairly predictable if you make the right moves, and that's what I love about real estate.” - Daniel Croce

 

“We're doubling down on our core conviction that the values today are a fraction what they're going to be in the future because there's just not nearly enough of this product.”- Daniel Croce

 

“That's really the key to doing this, being able to move back and forth between these things seamlessly but being focused on the one thing that deserves my attention right now and giving it my undivided attention instead of living a distracted life.” - Daniel Croce.

Resources Mentioned:

 

• The Book on Rental Property Investing

 

Connect with Daniel on LinkedIn!

 

Daniel’s email: [e-mail]

 

Check out Birgo: https://www.birgo.com/

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube 

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

 

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