Sometimes, settling for B-class assets, fostering fewer investment relationships, and focussing on landlord environments can make you very successful in real estate. Today’s guests are experts at doing just that! They have over 22 years of experience and have gone on to create an amazing company, Andover Holdings. In this episode, Alan and Elena Neely talk all things investing, goal-setting, business relationships, and so much more! They walk us through their very own business model, explain why they focus on class B assets, talk about why they choose new construction over remodeling, and tell us their plans for 2023. The couple even tells us what they believe a good investment consists of before delving into the power of a made-up mind. So if you want to be inspired to start earning good money through investment, tune in now!
Key Points From This Episode:
- Introducing today’s guests, Alan and Elena Neely.
- How and why they got into investing.
- Our guests explain their company, Andover Holdings’ business model.
- Why the Neely’s want to focus on landlord and business-friendly environments.
- They share their thoughts on investing in different quality and asset classes and why they like class B.
- Why they got into developing townhomes in Seattle.
- The Neely’s take us through a hypothetical high-level development project.
- Why they are so happy to bring on investors instead of dealing with the bank.
- They explain why new construction is easier than remodeling an old house.
- What, according to the Neely’s, makes for a successful investment.
- The importance of having deep business relationships rather than many shallow ones.
- Why they are optimistically cautious this year and what their plans are for 2023.
- Alan explains the power of a made-up mind and how you can tap into it.
- Elena shares how goal-setting has played a role in their marriage.
Links Mentioned in Today’s Episode:
Passive Income Through Multifamily Real Estate Facebook Group