Coming from a dysfunctional family and poor background, Anna Kelley fought through the challenges and used her experiences as stepping stones to success. She learned the value of contentment by the things she and her family had to go through. Her job as a financial advisor for Bank of America opened her eyes to the vast opportunity that real estate offers.
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As she moved forward and became successful, Anna found a greater mission in life that inspired her to do deals that are really going to make an impact on this world. It was not just about feeding her family anymore, it was about creating programs that will benefit the community. It was a mission that’s greater than financial success. And it is in sharing that mission and getting people involved where she received the best return of investment.
Key Points From This Episode:
- Anna shares how her experience living in section 8 housing during her early years made a huge impact in her life now as a real estate syndicator.
- Her past drove her to finish her education, land a good job and make money. However, her job as a financial adviser in a bank, taught her that it’s not enough to make good money, you also have to learn how to manage it well.
- Wealthy people think out of the box and invest their money in real estate.
- You need to go beyond thinking about personal financial goals but also planning about your investor goals.
- She shares how living in an apartment for two years taught her contentment.
- Starting out with small apartment buildings, no syndication and no joint venture helped her to create financial freedom.
- For Anna, starting syndication was never about a desire for more money but to make a bigger impact in the community.
- Anna began to build her network of investors that are unified behind a greater goal of supporting humanity.
- The biggest thing that prepares you for a downturn is knowing your fundamentals and sticking through ups and downs and not varying from what you know is wise.
- Investing in properties that are in class by areas that are recession resilient helped her prepare for a downturn.
- Not using bridge debt but only locking in low interest, good financing reduces the risk.
- Anna shares how conservatively underwriting her deals protected her from financial disasters.
- What are her predictions in the real estate market over the next six to twelve months?
- How does Anna like to give back?
“If I really want to do well, it’s not just about getting a good job and making good money, but I got to figure out how to manage my money well and invest my money so that one day I really have this independence and be able to provide better for my own family.” [0:04:07.1]
“I don’t do it for the money because I can make much more money doing my bigger multi-family deals, but I love pouring into other, especially women who have kids and they’re trying to do the same thing that I did.” [0:21:15.8]
“For me, starting syndication was never about, I need more and I need to make big chunks of cash, I need more money, I never needed more, I desire more of… But really so that I can make a bigger impact.” [0:12:04.3]
”I love big multi-family, but I also invest in short-term rentals and small multi-family and smaller single family because I’m all about diversity and having some diversification.” [0:25:55.7]
“Reading the Bible and praying is honestly what I credit everything to, and because of that, you read Proverbs, there are so much wisdom about dealing with money and how they make wise financial choices, how to make wise choices for your family.” [0:27:47.4]
Links Mentioned in Today’s Episode:
About Anna Kelley
Anna Kelley currently has ownership in and asset manages over 1200 multifamily units across the US, valued at $160M, and has invested in over 2000 doors. Anna runs a multifamily company, Greater Purpose Capital, LLC, focused on creating meaningful impact on the communities in which she and her partners invest. She is a 3X Amazon #1 Best Selling Author, real estate coach, and sought-after speaker for multifamily events across the country. In the last 20 years, she has purchased, renovated, and rented millions of dollars in real estate across numerous asset classes. Anna worked in the financial sector for 25 years and was a top ranked Private Banker for Bank of America, where she managed the portfolios of high net worth individuals and businesses.
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