Mon, 2 July 2018
Anna Simpson’s philosophy is that you don’t make money in your comfort zone. Once she has achieved a goal, Anna finds a way to push her limits and look forward to the next. And when things start to get difficult, that’s when Ana knows she needs to keep digging: She’s getting closer to the gold.
Anna is a full-time accredited multifamily investor and deal sponsor with experience in property valuation, acquisition, rehabilitation, leasing and asset management. She got her start investing in single family buy and holds before making the decision to transition to multifamily as a passive investor. Anna personally invested in 1,300 multifamily units as an equity partner and key principal before she was ready for the next challenge of becoming a managing partner. Today, Anna has completed two multifamily deals: a 70-unit syndication and a 76-unit 1031 exchange.
Today, Anna sits down with me to share her decision to work ON the business rather than IN it by making the shift to multifamily. She explains how she leveraged her role as a passive investor to learn the fundamentals of syndication and the key challenge she faced in landing her first deal as managing partner. Anna offers insight around the value of persistence and breaking big goals down into smaller chunks. Listen in for Anna’s advice on pushing beyond your perceived limits and learn why she believes that while knowledge is important, true power lies in consistent ACTION.
How Anna got involved with real estate
Anna’s initial investment strategy
Anna’s shift to multifamily
What Ana learned as a passive investor
Anna’s first multifamily deal
Anna’s approach to goal-setting
Anna’s key challenge in landing her first multifamily deal
How the Law of the First Deal impacted Anna
Anna’s insight on the value of persistence
What Anna would do differently given the opportunity
Anna’s advice for aspiring real estate investors
How Anna navigates the down days
Connect with Anna
Direct download: MB_117_-_Pushing_Your_Limits_to_Strike_Multifamily_Gold__With_Anna_Simpson.mp3
Category:Commercial Real Estate -- posted at: 1:12pm EDT