An up-and-coming entrepreneur who has made quite an impression on real estate agents across the nation, Danny Loschiavo is the 26-year-old co-founder of BoldLeads, a company dedicated to providing real estate agents with a systematic and consistently effective resource for lead generation. With plans in place for continued expansion, the company has rapidly expanded at a year-over-year rate of 300 percent and currently serves real estate agents on a nationwide basis. The widespread success and impressive growth of Danny’s company recently earned him the honor of being included with the “Top 35 Entrepreneurs Under 35,” an award that highlights Danny’s sharp insight and clearly unique business acumen.
Danny’s interest in entrepreneurship began at a very early stage, which ultimately served to motivate Danny to work on a number of business ventures while still in college. One of these ventures included a web design business that focused on creating sites for real estate agents operating in the area. After graduating from Arizona State University with degrees in business and global studies, Danny continued to focus on several ideas aimed at improving lead generation for real estate agents and began to work in earnest on the business that has since become BoldLeads.
The young and highly successful entrepreneur resides in Phoenix, Arizona, where he continues to oversee the growth and expansion of BoldLeads while also developing new strategies for enhancing the company’s increasingly diverse service offerings. With sound future growth projections and a long-term expansion plan in place, Danny recently purchased his first real estate property, a four-bedroom home near the Ahwatukee Foothills in Phoenix.
In what city/state was your first house located and approximately what year did you buy it?
It was only within the past year that I bought my first house, which is located in Phoenix and is very close to the Ahwatukee Foothills. It’s a four-bed, three-bath home, and the property itself provides a sense of solitude that I really enjoy.
What was your living situation prior to buying your first house? Where/with whom/etc?
I was living close to the ASU campus with some former classmates I got to know through the business program. We all had different entrepreneurial endeavors we were working on while enrolled at ASU and felt that it would be wise to split the costs of a rental property so we could continue to focus on developing our business ideas. Even though our ideas were very different, we have all succeeded in bringing our concepts to the market and have all enjoyed quite a bit of early success so far.
What motivated you to purchase your first house?
Once BoldLeads really started taking off with real estate agents outside of the Phoenix area, I knew we were really onto something. With the growth we experienced over those first two years in business, I just felt it was time to find a place where I would be able to work and relax without interruption.
How did you go about getting the money together to buy it?
My company grew at a phenomenal rate in its early stages and has only continued to grow at a rapid rate, so I was in a position of solid financial strength. Having a real estate agent in the family and having a thorough understanding of the local real estate market certainly helped keep the costs down as well.
When you purchased, were you thinking of it as an investment or as a place to start a family. Please elaborate.
I was thinking of it more as an investment in my business. I work remotely with relative frequency and hold business meetings in my home office from time to time, so I believed it was important to buy a home that projected a sense of professionalism. Of course, it is a spacious home and it would also be just as ideal for starting a family.
What are 3 things you liked most about the house?
I have always been fond of the way the foothills somehow seem removed from the rest of Phoenix, and the neighborhood itself had this clear calm about it that was really appealing to me. What I liked most about the house, however, was the cost I paid relative to the value.
Was there anything you didn’t like about it?
The remoteness of the foothills is a double-edged sword. As much as I like how quiet the neighborhood can be, there are times when it feels just a bit too quiet.
Did you make any improvements or major renovations to the house?
I only moved in recently and I am almost always working on something business-related. The home was move-in ready and didn’t have any obvious needs, so I am not sure if I am going to make any significant changes any time soon.
Please share 1-2 of your fondest/funniest memories from living there.
My neighbors are all very friendly and all made an effort to get to know me when I first moved in, which was really nice. One of them –- a sweet elderly woman who still brings over baked goods at least once a week –- mentioned in passing that there is a stray dog that comes to her backyard in the evening for food and asked me not to call animal control since she had been feeding it for years and considered him to be her pet. A few weeks later, I brought over some homemade banana bread just as a way to say thanks for all the baked goods she had made me, but when she answered the door she told me to come around to the backyard so I could meet her “adopted puppy.” You can imagine my surprise when I saw that this “puppy” was actually a decent-sized coyote, not to mention the fact that she had actually succeeded in getting him to be fairly docile around her and other humans.
Do you still live there or did you sell it or renting it?
I only moved in recently, so I am still the newcomer to the neighborhood.
What advice would you give other first time home buyers?
With the help of a real estate agent along with enough research to thoroughly understand the current state of the market, it is entirely possible to find several properties that have been severely undervalued and represent an opportunity to purchase a great home for a price that is much less than its actual worth.