Anthony Coffey is a real estate investor who transitioned from the military to building a successful real estate business. Since 2014, he has flipped 10-15 properties per year and currently owns 23 rental units and two Airbnb properties. Anthony is passionate about leveraging other people's money (OPM) to grow his portfolio, ensuring his investors receive strong returns backed by real estate deals.

Episode Highlights

Introduction and Anthony's Background

• Military to Real Estate: After leaving the US Army in 2014, Anthony didn't waste time with analysis paralysis; he jumped straight into real estate. 🏠💼
• Starting with Family: Initially started the business with his twin brother before deciding to buy him out after 18 months. His wife soon joined him on this journey. 💪👫
• Portfolio Growth: Currently flips about 10-15 properties annually, owns 23 rental units, and has two Airbnb units. 📈🏘️

Why Not to “Burn the Boats”

• Keep Your W2 Job: Anthony advises against leaving your W2 job too quickly. He explains the importance of maintaining employment for financial credibility, especially when it comes to securing bank financing. 💼💳
• Balancing Both Worlds: Maintaining a full-time job can provide essential benefits while moonlighting in real estate, such as being bankable for loans. 🏦💼

Business Strategy and Financing

• Using OPM: Anthony's strategy heavily relies on using other people's money to fund his real estate ventures. He ensures that his investors get solid returns backed by the security of real estate. 💰🏠
• Property Portfolio: Learn how Anthony built a diverse portfolio, including flipping properties and managing long-term rentals and Airbnbs. 🏘️📊

Challenges and Evolution

• Challenges Faced: Anthony opens up about the hurdles he encountered in the real estate industry and how he overcame them. 🧗‍♂️💡
• Business Evolution: Discover how his business has grown and evolved over the years, positively impacting his life. 📈🌟

Key Success Factors

• Network and Leverage: Anthony credits a strong network and the ability to leverage resources as crucial to his success. 🤝🔑
• Educational Resources: He shares his top book recommendations that have helped him grow and manage his real estate business while working full-time. 📚🎓

Moonlighting and Scaling Success

• Scaling with a Job: Anthony discusses how you can still achieve real estate success even while holding down a full-time job. 🌗💼
• Advice for Beginners: Practical tips on starting your journey toward financial freedom, even if you only have limited resources. 💡🔑
• Leveraging $100: If he went bankrupt, Anthony explains how he would use just $100 to rebuild his wealth quickly. 💸💡

Resources Mentioned

• Books:
  • Traction: Get a Grip on Your Business by Gino Wickman: Amazon Link 📘
  • Principles: Life and Work by Ray Dalio: Amazon Link 📖

Notable Quotes:

• "Sometimes you just have to jump in and learn along the way."
• "Your strengths and passions are a big part of your engine for generating sustainable success. Be sure to be highly aware of what you are good at doing."
• "Growing your network successfully and leveraging it is the key to success."
• "It is wise to have a W2 job for financial credibility when starting a private venture that requires much financing."

Connect with Anthony Coffey

• Website: Faithful Sells Houses 🌐