Growing a real estate portfolio takes time, strategy, and a lot of hard work, and no one knows this any better than real estate investor Andrew Sallee. Like many investors and entrepreneurs out there, Andrew started from humble beginnings. He spent a decade in sales and sharpened his business acumen over time. He eventually started his own siding and roofing business, which eventually paved the way for him to build his real estate portfolio. Today, his portfolio is worth $90 million after a lot of hustle, hard work, and strategizing.
“I’ve had to come from a background where nothing was given. It was all earned. I don’t have a degree from a fancy school, didn’t grow up with a ton of money, and don’t take partners on for deals,” Andrew Sallee explained. “Everything I’ve earned has been built from what I’ve been able to earn beginning with my sales career, then my company, and most recently, all through my investments.”
To grow his real estate portfolio, Andrew boldly applied an unconventional approach that very few tend to do. “Unlike most other real estate investors, I don’t take on any partners or raise any hard money for my investments. Instead, I partner with banks for financing and have been able to build a substantial portfolio, adding tens of millions of dollars in worth over the past 18 months,” he explained.
His work in real estate is something Andrew Sallee considers very impactful because it allows him to invest in his community and make an impact on the lives of people through his philanthropic efforts. He has his charitable foundation, Andy’s Kids. Apart from supporting his own foundation, Andrew makes sure to share his blessings with other worthy causes, including Big Brother, Big Sister in Davenport, the Davenport YMCA, and Habitat for Humanity.
Andrew attributes a huge part of his current success to the positive influence of people around him throughout his journey. He has allowed himself to be mentored and coached by some of the biggest names in the business world today, such as Tony Robbins, Dean Graziosi, Tim Bratz, Grant Cardone, and Mark Evans. He is deeply grateful that their life teachings and insights helped him to build his impressive real estate portfolio. His most recent acquisition was a commercial property that has several strong businesses in the Davenport area as tenants. Prior to that, he also bought another commercial building where Buffalo Wild Wings, Aspen Dental, All About Eyes, and Qdoba are tenants.
Investing in his personal development was one of the wisest choices he has made since he began his career in sales. Despite the experiences he has amassed, he always makes room for more improvement by learning from those who had gone before him. Even after becoming a multi-millionaire, he would attend nine to twelve conferences annually for several years. Andrew believed that there is always something new to learn, especially where it involves emerging trends in business. While he was not spared from the common challenges that entrepreneurs and investors like him experienced along the way, he always let his passion fuel him, his resilience and ability to pivot. He simply never gave up, never settled for less than what he deserved, and never embraced the status quo.
Despite his present success, Andrew Sallee still dreams big for himself. He intends to aggressively grow his portfolio and eventually reach $1 billion in total assets.
“I focus on evaluating deals that are a good fit, and then I’ve put the right team in place to see them through and allow them to continue to be profitable,” Andrew shared.
To maintain a healthy and balanced lifestyle, Andrew does sky-diving, water skiing, scuba diving, and racing during his free time. He believes that it is very important to take intentional breaks to recharge. And as can be expected, Andrew Sallee will continue to expand his ventures so he can continue to inspire others.