Real estate is considered one of the best investment options, which has contributed to its rising popularity. This is partly due to the fact that it has excellent returns, numerous tax breaks, and deductions, among others. As more people join the sector, Andrew Sallee is a pioneer in the real estate market who has continued to grow his business. He now shares his most recent real estate investments and some tips to help other real estate investors.
In the last year, Andrew has expanded his real estate portfolio, purchasing various properties, including the Northtown Strip Center. He says his goal in the coming years is to hit 1 billion dollars in total assets. Andrew is also encouraging others in the industry not to try to be an overnight success, because success takes time and hard work. He credits much of his success to years of consistent investing and ongoing improvements to his strategy.
It has taken Andrew over 20 years to get to where he is. First getting his start in door-to-door sales and then later founding his own construction company, Andrew began to start investing in real estate after reading the book he claims changed his entire view on the world – “Rich Dad, Poor Dad” by Robert Kiyosaki and Sharon Lechter. He says when running his own business, the experience and skills that he gained made the transition to real estate much easier and helped him to find his way in the industry quickly.
Being in real estate can be a very humbling experience, and there are multiple obstacles along the way, says Andrew Sallee. However, you should never let that slow you down. Andrew says that the secret is continuously striving to improve, understanding the market, and growing your network.
Through the years, Andrew has attended numerous conferences making sure to participate in as many as 9-12 each year. He is also blessed with a great network of mentors and coaches whom he says have been very instrumental in his journey.
According to Andrew, success is a long-term investment, and sometimes it’s about taking a step backward in order to move forward. He explains that while growing his portfolio hasn’t been easy, the lessons learned along the way are some of the factors that continue to help him scale.
In 2017, Andrew was the owner of one of his latest properties, Northtown Strip Center. However, it didn’t quite work according to his expectations, and he took a loss, which was a very humbling experience. This prompted him to sell half of the property, and four years later, he managed to purchase back 100% ownership of that same property.
He encourages others in the industry not to give up and to never stop investing in themselves. You are your most important and valuable asset, says Andrew. By investing in his dream, Andrew has built a successful empire, and his focus is on expanding it even further.
Andrew is also a philanthropist. He is the founder of Andy’s kids’ charitable organization. He is an active supporter of other organizations, including Big Brother, Big Sister in Davenport, the Davenport YMCA, and Habitat for Humanity, among others. Looking into the future, he says aims to continue to make an impact on his community and give back as much as he can to aspiring entrepreneurs and those in need as he grows his real estate portfolio.
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