Join Vince as he talks with Anthony Scandariato about carving your own path. Anthony is the co-founder and managing principal of Red Knight Properties, a boutique multifamily and mixed-use real estate investment and property management company. Before building his firm, he had a full-time job under another real estate firm which made him knowledgeable about the industry. Today, Anthony shares how he took the calculated risk of making the jump to building his firm. There’s a lot to unpack, so stay tuned and enjoy the episode!



Take Risk, Make the Jump

Many people have full-time and good-paying jobs, and they have the capacity to make the jump and invest their way to financial freedom, yet they do not. The idea petrifies people into inaction, and they are playing it safely under the security blanket of a W-2 job. For Anthony, that is actually fine because it cannot be forced. But asked how he did it, Anthony credits it to his full-time job prior to his company. Working in a real estate company for six years gave Anthony the knowledge and foundation to leap and stand on his feet.

 

Going solo comes with risks, but Anthony’s was a calculated one. Because he had experience in the real estate industry, he was not clueless about how things should be done. Yet, Anthony still made mistakes along the way, which served as lessons the next time he encounters the same problems. Anthony also had his fair share of sacrifices before taking the trajectory of what he planted. It takes creativity to minimize expenses and live for free, but in the end, it was all worth the risk.

 

About Anthony Scandariato:

Prior to forming Red Knight Properties, Anthony Scandariato, who graduated from Cornell University with a Bachelor’s Degree in Applied Economics and Management, was a co-founder of Ridgeview Partners. He specialized in the retail space with a vertical model that provided flexibility to serve multiple customer segments with similar product lines through retail, wholesale, and production contracting channels. He acquired and developed the growth of 110+ retailers within first-year operations. He later moved on to acquisitions and asset manager vice president for Vision Properties, where he was directly involved and responsible for sourcing, negotiation, and managing the acquisition of $594M of Class A office assets.

 

Outline of the episode: 

●    [01:01] What different asset classes Anthony invests in and his strategy

●    [04:32] Anthony’s first full-time job and how he took the risk and made the jump

●    [08:53] Mistakes made despite a background in real estate

●    [10:51] Systematize to grow

●    [13:48] Anthony’s advice for those trying to get into real estate

●    [21:06] Book recommendation and Anthony’s superpower

●    [22:40] The biggest lesson Anthony learned over his career

●    [24:03] Tips for working professionals to reach financial freedom

 

Resources:

●    Website

 

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