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Welcome to another episode of the Breakaway Wealth Podcast. In this episode, we are joined by Michael Morawski, a successful real estate investor and coach, who shares his journey of resilience and redemption in the world of real estate investing. Mike's story is one of overcoming obstacles and learning from his mistakes. He has coached hundreds of real estate investors to help them achieve their financial dreams and live an extraordinary life. In this episode, Mike shares his insights on how to bounce back from failure, and how to turn mistakes into opportunities for growth. We dive deep into the topics of resilience, redemption, and personal growth, and explore how these themes apply to growing a successful business. Mike also shares his pillars for successful real estate investing and goes over his underwriting process with us. This episode has something for everyone. Join us as we learn from Mike's experience and discover how to make your future bigger than your past. Tune in now! Connect with Michael Morawski: Website: https://mycoreintentions.com YouTube: Mike Morawski | My Core Intentions Grab a free copy of Mike's book Exit Plan at https://mycoreintentions.com/free/ - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events
Global Investors: Foreign Investing In US Real Estate with Charles Carillo
Mike Morawski is a 30+ year real estate investment veteran and has controlled over $285 million in real estate transactions. Mike is an entrepreneur, author, real estate trainer, public speaker, and personal coach with a strong, personal resilience, and deep desire to help others live an extraordinary life. He has coached hundreds of real estate investors to fulfill their dreams. Learn More About Mike Here: My Core Intentions - MyCoreIntentions.com Free Book: MyCoreIntentions.com/exitplan Email: Mike@MyCoreIntentions.com What do you want to hear/see more of and less of? What question do you always wish I would ask but I never do? Connect with the Global Investors Show, Charles Carillo, and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: schedulecharles.com/ ◾ Global Investors Web Page: https://charleskcarillo.com/global-investors-podcast/ .◾ Join Our Email Newsletter: http://bit.ly/32pehL0 ◾ Foreign Investing in US Real Estate Facebook Group: facebook.com/groups/ForeignInvestingInUSRealEstate/
Michael Morawski has over 30 years in real estate investing experience. He has controlled over $285 mm in real estate transactions. Mike is also a real estate investment consultant, coach, author and public speaker. He has experience in residential, multifamily sales, investing and property management.Michael has a strong personal resilience and a deep desire to help others live an extraordinary life through the smart, strategic real estate investing. Over his career, Michael has trained and coached hundreds of real estate investors to fulfil their financial dreams and live an extraordinary life.He has developed a successful residential real estate sales team and support staff selling over one hundred homes annually. He led the firm's business planning, development, hiring and training. He coached and mentored team members to create a productive and profitable work environment.In this episode, Mike will describe his personal journey and extraordinary life on how he uses this strong willpower and mindset to get this life back together from living a single jail cell for violating SEC rules in multifamily syndication. This is testimony that if you have a strong willpower and mindset, then you will succeed in your life. CONNECT WITH MIKE MORAWSKIEmail: mike@mycoreintentions.comWebsite: https://mycoreintentions.com/CONNECT WITH JONATHANTo connect with Jonathan, you can send email at info@greystonecapgroup.com or schedule a time to chat.To learn more about real estate investment opportunities, join the Greystone Capital Investor Network. Thanks for listening and until next time, keep building wealth in Commercial Real Estate!
Mike is a 30 plus year real estate investment veteran. He has controlled over $285,000,000 in real estate transactions. Mike is an entrepreneur, author, real estate trainer, public speaker, and personal coach, with strong personal resilience and a deep desire to help others live an extraordinary life. He has coached hundreds of real estate investors to fulfill their dreams. Michael began as a general contractor in the Northwest Suburbs of Chicago with $5 mm in annual revenue. He sold his company and then took some time off to decide what to do next. Michael entered the real estate industry as a sales agent building a team of agents and support staff that produced over $20 mm per year in sales production. In 2005, Michael started a private equity firm, raising $18 mm in private equity and acquired $60 mm in multi-family apartments including 4,000 units in five different US markets. As part of the company's growth, Mike built and developed a property management division that managed 7,500 units. Mike has always believed that transparency and honesty are central to any successful business and personal life. As a result of the 2008 world economic crisis, Mike let his guard down and let his transparency slip. The impact that had on his company and its real estate holdings left him scrambling to protect the company and its investors. ormed. This was a devastating loss of life as he knew it and everything he thought was important and came as a harsh wake-up call. Mike used his time in prison to make a difference. He worked to receive his college bachelor's degree. Mike developed and taught bible studies, ethics, real estate, and property management classes. Mike served on a prison suicide cadre and was involved in the community outreach program. He was one of the founding members and president of toastmasters as well as a core member of Alcoholics Anonymous. He and his story made a positive impact in the lives of others both in and outside the prison walls. Mike's resilient mindset helped him turn things around. Now Mike is focused on helping real estate owner-operators and other industry professionals make wise, responsible decisions while continuing to grow their businesses and create a profit. The positive impact Mike can have on you comes from learning from his experiences, both positive and negative. Mike offers to be what he did not have during that time - someone to help you make tough decisions when challenges come your way. Mike's comeback story will inspire you and open your eyes. Entrepreneurs are often faced with decisions that impact the rest of their life. As Mike experienced, those choices can either be positive or devastatingly negative. Today Michael's passion is sharing his knowledge and wisdom with others for their gain. Mike is the host of the Insider Secrets Podcast and the co-host of Multi-family Unplugged Vidcast. Michael has built My Core Intentions training and coaching platform to help real estate investors and industry professionals excel in their field. His Core principle is to teach his clients how to create “short-term cash flow and long-term wealth.” This is delivered through live and virtual training events, and three levels of personal coaching. Two of the things that set My Core Intentions apart is their teaching about developing an exit plan and a deep dive into creating wealth through small multi-family properties. Michael's clients are completing transactions within 12 weeks, experiencing personal growth and business revenues exceeding rates of 20% growth annually --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/gofishvillage/message Support this podcast: https://anchor.fm/gofishvillage/support
Michael Morawski is a 30 plus year real estate investment veteran. Mike is an entrepreneur, author, trainer, public speaker, and personal coach, with a strong personal resilience and a deep desire to help others live an extraordinary life. He has coached hundreds of real estate investors to fulfill their dreams. [00:01 - 07:08] Opening Segment Get to know Mike Morawski 30 Years in Real Estate! Mike tells his 30 years of real estate investing experience“Success leaves clues.” [07:09 - 10:44] Don't Grow Too Fast Why you shouldn't grow too fast! Instead of growing, here's what you can try Making use of profitable companies to nonprofitable companies Something illegal done [10:45 - 23:00] From Real Estate Riches to Federal Prison and Back From federal prison and out Understand and Pay Attention to These 5 Things Mike talks about the end goal and being a victim of the market The Defining Moments in People's Lives Mike as an author Why give somebody a second chance [23:01 - 31:45] Closing Segment Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started. What is the best investment you've ever made other than your education?A 4-unit mulitfamily building Mike's worst investment$25,000 in a clothing store What is the most important lesson that you've learned in business and investing?“Pay attention to the things going on around you.” Connect with my guest. See the links below. Tweetable Quotes: “Don't grow too fast.” - Mike Morawski “They can take your business, your real estate, your money they can take– destroy your family, but what they can't take is who you are.” - Mike Morawski “It's not a sprint, we don't need to rush to the finish line.” - Mike Morawski ------------ Connect with Mike Morawski through mike@mycoreintentions.com, Facebook, Instagram, MeetUp, Twitter, and LinkedIn. Visit their website https://mycoreintentions.com/. Grab a copy of Exit Plan. Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. Join our Passive Investor Club for access to passive commercial real estate investment opportunities. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes
Title: Rise Up and Buy Back the Years with Michael Morawski Michael “Mike” Morawski is a 30+ year real estate investment veteran. He has controlled over $285,000,000 in real estate transactions. Mike is an entrepreneur, author, real estate trainer, public speaker, and personal coach with a strong, personal resilience, and deep desire to help others live an extraordinary life. He has coached hundreds of real estate investors to fulfill their dreams. Let's tune in to his story! [00:01 - 18:32] Opening Segment Get to know my guest, Michael Morawski Doing everything in the business himself Growing up in the space too quickly Understanding how deals and equity can work well together Over-leveraged but under-capitalized Mike's prison story Getting his Theology degree A link on one of Mike's book below Mike teaches Ethics, Bible Studies, and Real Estate business at the same time Lessons Mike learned along the way It's okay to over-raise! The art of listening - a wise man seeks good counsel [18:33 - 29:55] More into Michael's Real Estate Journey Missing some important details in a deal Michael had no idea he broke the law Whose counsel can we depend on? Forgiveness more than trust Some underwriting lessons Mike loves to share The numbers tell the truth Conservative Underwriting What's with the thing called Exit Cap? More into why Mike wrote his book “Exit Plan” [29:56 - 35:33] Closing Segment What “profitable” means for Mike Be CAUTIOUS! Be CONSERVATIVE Final Words Connect with my guest, Michael, in the links below Resource Mentioned: Exit Plan - Michael Morawski Property Management - Mike's upcoming book in the works Tweetable Quotes “I thought my life was over.” - Michael Morawski “I believe God puts people in your life at the right time for special things, and he showed up.” - Michael Morawski “Take your time. Take the lessons that you need to learn. Go slow.” - Michael Morawski ------------------------------------------------------------------------ Visit and Follow Mike through LinkedIn, Facebook, and Instagram and visit check out his website: www.MyCoreIntentions.com And again, you can grab his book here: www.MyCoreIntentions.com/ExitPlan WANT TO LEARN MORE? Connect with me through LinkedIn Or send me an email sujata@luxe-cap.com Visit my website www.luxe-cap.com or my Youtube channel Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!
Mike grew up in a middle-class family and had no exposure to any real estate investing or entrepreneurs. He was always looking for ways to make money or be an entrepreneur from his childhood. Which led him to be serial entrepreneur life.But Mike got burned out doing General contracting and decided to do things on his own. Went to do House hacking and which led him to meet a very successful real estate agent, who became his mentor. Which led him to sell 78 houses in the first 9 months. He also built a big multi-family investing business.Making a big accounting mistake without letting investors know, due to over-leveraging his properties know got him trouble, due to the market going down rapidly during the 2009 downturn. And he learned many big lessons about paying attention to people around him and that he should have listened to people around him and their advice, i.e. people close to him.Getting a mentor when he was in jail, who told him not to let anyone steal his accomplishments, got him to work out both physically, mentally, and spiritually. Writing books and so on, teaching real estate investing, telling his story to help others. His story is now an inspiration to others who have fallen.Mike's website: https://mycoreintentions.com/Michael Morawski is 30 plus year real estate investment veteran. Mike is an entrepreneur, author, trainer, public speaker, and personal coach, with strong personal resilience and a deep desire to help others live extraordinary lives. He has coached hundreds of real estate investors to fulfill their dreams. Would love your feedback. Please feel free to contact us @ https://loombainvest.com Connect with us: https://www.linkedin.com/in/vinkiloombahttps://www.linkedin.com/in/raju-datla/Follow us @: https://twitter.com/loombainvest, https://www.instagram.com/loombainvestment,https://www.facebook.com/Loombainvest
Real Estate Uncensored - Real Estate Sales & Marketing Training Podcast
Most of us see ourselves as free because we're not shackled in the physical sense, but the reality is, the vast majority of real estate pros (and even human beings, more generally) are living in a constant state of mental prison. What does that actually mean, and more importantly, how did we get to this point? What is mental prison stopping us from achieving, and is there any way to break free, for good? In this episode, author of Exit Plan, Michael Morawski shares how to stop getting caught up in the confines of our own minds. Three Things You'll Learn in This Episode How to make a bigger impact in the world What does it take to make a real difference in people's lives? Is there a limit to how much of an impact we can make? What mental prison looks like among real estate pros Are we failing to reach our goals because we're not good enough, or simply because fear is stopping us from trying in the first place? How to practice gratitude every single day How can we shift our energy from lack and limitation to the things we've already achieved and are most thankful for? Guest Bio Michael Morawski is a trainer, entrepreneur, public speaker, personal coach and the author of Exit Plan. A real estate industry veteran, Michael is passionate about helping others overcome their self-imposed limitations so they can reach their full potential and pay it forward by making a positive impact. Michael is the Founder of My Core Intentions and the host of the Insider Secrets podcast. To find out more, go to: https://mycoreintentions.com/ https://mycoreintentions.com/exitplan Or connect with him on: https://www.instagram.com/mike.morawski.54/ https://www.linkedin.com/in/michael-morawski https://www.facebook.com/mycoreintentions You can also email him directly at mike@mycoreintentions.com
This is part 3 of my conversation with Michael Morawski. Mike is a 30+ year real estate investment professional who has controlled over $285 mm in real estate transactions, and syndications. Mike is a real estate investment consultant trainer & coach, author & public speaker. He also has a wide experience in residential, multifamily sales, investing & property management. Michael has a strong personal resilience and a deep desire to help others live extraordinary life through smart, strategic real estate investing. Over his career, Michael has trained and coached hundreds of real estate investors to fulfill their financial dreams and live extraordinary lives. Let's jump right into this episode and learn more about how Mike was able to scale his real estate business successfully. He's going to talk about the strategies that he did and the principles he believed in to get to where he is today. Join us and listen in! [00:01 - 04:31] Productive Debt and Making an Impact Why there's a lot of military people in the real estate investing space We talk about productive debt Creating an impact on others through real estate [04:32 - 13:58] The Role of Coaching in Scaling Your Real Estate Business What made Mike want to jump into multifamily Making a good profit on his first deal How Mike scaled his real estate business so fast Why coaching is important Teaching children about business early on [13:59 - 22:16] Creating an Exit Plan for Your Real Estate Deals Mike talks about his book, ‘Exit Plan' Why it's important to have an exit plan on your deals Mike shares a coupon code! Strategies in getting out of a deal Recapitalizing Bringing a partner in Closing words Tweetable Quotes: “My coach continually challenged me, continually put more in front of me, continually gave me new techniques and new things, helped me self-discover that I could do more, and that I wanted more. That's what coaching does, it's self-discovery.” - Mike Morawski “It's all about the individual and how much you're willing to push it. Just make the decision if that's what you want to do, and just do it.” - Angel Williams Connect with Mike on Facebook, Instagram, and LinkedIn! Resources Mentioned: Exit Plan by Mike Morawski My Core Intentions Use the code ‘The Academy' for a free download! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.
This is part 2 of my conversation with Michael Morawski. Mike is a 30+ year real estate investment professional who has controlled over $285 mm in real estate transactions, and syndications. Mike is a real estate investment consultant trainer & coach, author & public speaker. He also has a wide experience in residential, multifamily sales, investing & property management. Michael has a strong personal resilience and a deep desire to help others live extraordinary life through smart, strategic real estate investing. Over his career, Michael has trained and coached hundreds of real estate investors to fulfill their financial dreams and live extraordinary lives. Let's jump right into this episode and learn more about how Mike was able to scale his real estate business successfully. He's going to talk about the strategies that he did and the principles he believed in to get to where he is today. Join us and listen in! [00:01 - 07:46] The Right Mindset to Have When Starting Out Transitioning from the construction business to real estate Learning real estate sales Going to the apartment business His mindset entering the real estate industry Knowing your why is important [07:47 - 18:01] Why You Can't Operate Out of Emotion Starting out with single-family Growing the number of units he owns Why you can't fall in love with the deal The role of a devil's advocate in your team Getting emotionally involved in deals [18:02 - 27:23] Education is Critical at the Beginning of Your Journey Why education is critical if you're starting in real estate investing There are so many teaching platforms out there How Mike learned about the basics in investing and finance Why asking questions is more important than you think Tweetable Quotes: “What's your why? You can have a goal [like] ‘Hey, I want to go make more money.' But let's be specific, and let's figure out why we want to make more money.” - Mike Morawski “Everybody picks a lifestyle. Everybody picks what they want to do. And if you want to do it, you can do it.” - Mike Morawski “If you ask enough and you ask the right questions, you get answers that are logical.” - Mike Morawski Connect with Mike on Facebook, Instagram, and LinkedIn! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.
In this episode, we have Michael Morawski! Mike is a 30+ year real estate investment professional who has controlled over $285 mm in real estate transactions, and syndications. Mike is a real estate investment consultant trainer & coach, author & public speaker. He also has a wide experience in residential, multifamily sales, investing & property management. Michael has a strong personal resilience and a deep desire to help others live extraordinary life through smart, strategic real estate investing. Over his career, Michael has trained and coached hundreds of real estate investors to fulfill their financial dreams and live extraordinary lives. Let's jump right into this episode and learn more about how Mike was able to scale his real estate business successfully. He's going to talk about the strategies that he did and the principles he believed in to get to where he is today. Join us and listen in! [00:01 - 07:02] Opening Segment Welcoming Mike to the show Mike's background His wide experience in real estate investing Learning something new every day Mike and I talk about the status of real estate in the COVID-19 pandemic [07:03 - 21:02] Community Building and Deal Evaluation Building a community through real estate Mike talks about tenant retention Tenants vs. residents Managing your property investments Why I didn't want to self-manage Delegating tasks to somebody else Things to look for in a deal evaluation Population growth and demographics Legacy building through real estate investing [21:03 - 26:35] Achieving Success in Real Estate Investing Leveraging time to knowledge Massive action leads to massive results The amount of work Mike had to put in to be successful There's so much to learn about real estate investing Learning how to bounce back from adversity What inspired Mike to invest in real estate Tweetable Quotes: “One of the things I always say is ‘Success leaves clues'. If you find something, find someone that's been successful for specific reasons, follow that, and figure out what they did.” - Mike Morawski “I'm a firm believer that massive action creates massive results. The more activity you put in, the more results you're gonna get.” - Mike Morawski “It's not about what happened to you, but it's about how you handle what happened to you.” - Mike Morawski Connect with Mike on Facebook, Instagram, and LinkedIn! Resources Mentioned: Trump: The Art of the Deal LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.
Michael Morawski is a 30+ year real estate investment professional who has controlled over $285 mm in real estate transactions and syndications. A real estate investment consultant trainer & coach, an author & public speaker. Experienced in residential, multifamily sales, investing & property management. He is a Founder and CEO of a private equity firm that acquired and operated four thousand apartments in five MSA's. As the company CEO, visionary, and rainmaker, he led company growth from start-up to sixty-million dollars in real estate holdings.Michael has a strong personal resilience and a deep desire to help others live extraordinary life through smart, strategic real estate investing. Over his career, Michael has trained and coached hundreds of real estate investors to fulfill their financial dreams and live extraordinary life. He has developed a successful residential real estate sales team and support staff selling over one hundred homes annually. Mike also led the firm's business planning, development, hiring, and training and had coached and mentored team members to create a productive and profitable work environment.With a strong personal resilience and a deep desire to help others live extraordinary lives. He has coached hundreds of real estate investors to fulfill their dreamsKnow more about Mike here:Website: https://mikemorawski.com/LinkedIn: https://www.linkedin.com/in/michael-morawski/
Michael Morawski's seemingly normal life was turned upside down the day he was charged with fraud charges. After ignoring some red flags of those around him, he ended up making business moves that he later found out were unlawful. Tune in to find out how overscaling, overpaying, and overleveraging landed him in prison, what he learned in those 7.5 years, and how he's scaling his business now. Michael Morawski Real Estate Background: Coaching and Training businesses in the multifamily investor space 30 years of real estate experience Has previously raised $18MM, acquired $60MM in assets 4,000 apartments in 5 states & managed 7,500 units Based in Chicago, IL Say hi to him at: www.mycoreintentions.com Best Ever Book: The Millionaire Real Estate Investor Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching
Michael Morawski is a 30 plus year real estate investment veteran, with control over $285MM in real estate transactions. He is an entrepreneur, author, trainer, public speaker, and personal coach, with strong personal resilience and a deep desire to help others live extraordinary lives. He has coached hundreds of real estate investors to fulfill their dreams.[00:01 –10:50] Getting to know Michael MorawskiInsight into the episodeIntroduction to the guest for the episode, Michael MorawskiMichael's backgroundFinding his passion for real estateLearning from people's success and embedding their techniques into his DNASharing his knowledge and experience through coachingUsing his time in prison to make a difference[10:51 – 29:30] Living an Intentional LifeMy Core IntentionsFinding time for self-introspectionReminders and advice from Mike's journeyHow they could've stabilized their assetsOver raising money[29:31 – 32:41] Final Four SegmentMichael's advice to aspiring investorsWalk cautiouslyHow Mike stays on top of his gameHis way to make the world a better placeReach out to our guest– see links belowFinal wordsTweetable Quotes: “In prison, you can either do the time or let the time do you.” - Michael Morawski“Walk cautiously, especially in today's environment. Make sure your underwriting is conservative because anything can happen in the next 24 months.” - Michael Morawski“Coaching has helped me scale my business 20% a year.” - Michael MorawskiResources Mentioned: My Core IntentionsFree Ebook from Mike------------------------------------------------------------------------------------------Connect with Michael on Linkedin and Instagram. You can also send him an email at mike@mycoreintentions.com, and be sure to check out his website at https://mycoreintentions.com/ Connect with me:I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.Call: 901-500-6191FacebookLinkedInLike, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me --> sam@brickeninvestmentgroup.com
Michael Morawski is a 30 plus year real estate investment veteran, with control over $285MM in real estate transactions. He is an entrepreneur, author, trainer, public speaker, and personal coach, with strong personal resilience and a deep desire to help others live extraordinary lives. He has coached hundreds of real estate investors to fulfill their dreams.[00:01 –10:50] Getting to know Michael MorawskiInsight into the episodeIntroduction to the guest for the episode, Michael MorawskiMichael's backgroundFinding his passion for real estateLearning from people's success and embedding their techniques into his DNASharing his knowledge and experience through coachingUsing his time in prison to make a difference[10:51 – 29:30] Living an Intentional LifeMy Core IntentionsFinding time for self-introspectionReminders and advice from Mike's journeyHow they could've stabilized their assetsOver raising money[29:31 – 32:41] Final Four SegmentMichael's advice to aspiring investorsWalk cautiouslyHow Mike stays on top of his gameHis way to make the world a better placeReach out to our guest– see links belowFinal wordsTweetable Quotes: “In prison, you can either do the time or let the time do you.” - Michael Morawski“Walk cautiously, especially in today's environment. Make sure your underwriting is conservative because anything can happen in the next 24 months.” - Michael Morawski“Coaching has helped me scale my business 20% a year.” - Michael MorawskiResources Mentioned: My Core IntentionsFree Ebook from Mike------------------------------------------------------------------------------------------Connect with Michael on Linkedin and Instagram. You can also send him an email at mike@mycoreintentions.com, and be sure to check out his website at https://mycoreintentions.com/ Connect with me:I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.Call: 901-500-6191FacebookLinkedInLike, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me --> sam@brickeninvestmentgroup.com
Today on The Wealth Secrets Podcast, Sean Adams talks to Michael Morawski, a multi-family real estate coach with 30 years of industry experience. Mike is also an author, entrepreneur, trainer, public speaker, and personal coach. He shares the story of how he built several successful businesses, how he lost it all during the recession, and how he bounced back from the lowest point in his life. [01:55] Getting to know Mike Morawski [05:50] People are more than willing to help [09:33] We don't need to know everything [14:06] How Mike handled The Great Recession [22:29] Don't let pride, ego, and greed control you [24:29] Pay attention to the details [29:39] Screen the people you work with [35:28] 10 years in prison: “Do the time or let the time do you” [39:18] Bouncing back with gratitude and a new mindset Mike got his start in real estate after meeting a successful agent who became his mentor. He taught him the ropes and had a very successful first year, selling 78 houses in total. Eventually Mike built his own team that specialized in selling residential property. In 2005, Mike saw a shift towards apartment syndicate investing and did the same. He built a property management company that handled thousands of units. In the process of scaling his company, he made the mistake of not paying enough attention to the details. When the recession hit in 2008, some of his businesses were greatly affected. In an effort to try and save it, he inadvertently committed fraud by moving money between his companies. This landed him in federal prison for 10 years. He admits letting his pride get the better of him. Instead of coming clean to his investors about the companies' state, he tried to find a solution that did not work in his favor. During the early days of his sentence, Mike felt lost and defeated. But through the encouragement of a trainer, he changed his perspective. While serving time, he exercised, wrote a book, attained a bachelor's degree, and taught ethics among other endeavors. He maximized his time in prison and has come out as a better man, with a renewed sense of gratitude and purpose. The key takeaways to Mike story are: don't be afraid to ask for help, pay attention to tiny details, screen the people you work with, and show more gratitude. Links and Resources Mike's LinkedIn Mike's Instagram Mike's Twitter Mike's Email Mike's Book: Exit Plan Connect With Sean: Facebook: https://www.facebook.com/profile.php?id=100060279543976 LinkedIn: https://www.linkedin.com/in/leveraged-life/ Instagram: https://www.instagram.com/sean_adams103/ Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: sean@leveraged-life.com. All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wealthsecretspodcast/message Support this podcast: https://anchor.fm/wealthsecretspodcast/support
Today on The Wealth Secrets Podcast, Sean Adams talks to Michael Morawski, a multi-family real estate coach with 30 years of industry experience. Mike is also an author, entrepreneur, trainer, public speaker, and personal coach. He shares the story of how he built several successful businesses, how he lost it all during the recession, and how he bounced back from the lowest point in his life. [01:55] Getting to know Mike Morawski [05:50] People are more than willing to help [09:33] We don't need to know everything [14:06] How Mike handled The Great Recession [22:29] Don't let pride, ego, and greed control you [24:29] Pay attention to the details [29:39] Screen the people you work with [35:28] 10 years in prison: “Do the time or let the time do you” [39:18] Bouncing back with gratitude and a new mindset Mike got his start in real estate after meeting a successful agent who became his mentor. He taught him the ropes and had a very successful first year, selling 78 houses in total. Eventually Mike built his own team that specialized in selling residential property. In 2005, Mike saw a shift towards apartment syndicate investing and did the same. He built a property management company that handled thousands of units. In the process of scaling his company, he made the mistake of not paying enough attention to the details. When the recession hit in 2008, some of his businesses were greatly affected. In an effort to try and save it, he inadvertently committed fraud by moving money between his companies. This landed him in federal prison for 10 years. He admits letting his pride get the better of him. Instead of coming clean to his investors about the companies' state, he tried to find a solution that did not work in his favor. During the early days of his sentence, Mike felt lost and defeated. But through the encouragement of a trainer, he changed his perspective. While serving time, he exercised, wrote a book, attained a bachelor's degree, and taught ethics among other endeavors. He maximized his time in prison and has come out as a better man, with a renewed sense of gratitude and purpose. The key takeaways to Mike story are: don't be afraid to ask for help, pay attention to tiny details, screen the people you work with, and show more gratitude. Links and Resources Mike's LinkedIn Mike's Instagram Mike's Twitter Mike's Email Mike's Book: Exit Plan Connect With Sean: Facebook: https://www.facebook.com/profile.php?id=100060279543976 LinkedIn: https://www.linkedin.com/in/leveraged-life/ Instagram: https://www.instagram.com/sean_adams103/ Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: sean@leveraged-life.com. All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/wealthsecretspodcast/message Support this podcast: https://anchor.fm/wealthsecretspodcast/support
We all make mistakes. Sometimes what leads to committing these mistakes is our negligence of what's happening around us. In Part 1 of this episode of Micro Empires, Mike Morawski talks about his experience from building an enormous real estate empire to getting a 10-year federal imprisonment sentence. He'll share his lessons on decision-making and relationships and why they are important in making sure that your business is on the right track. Michael Morawski is a 30 plus year real estate investment veteran. He has controlled over $285,000,000 in real estate transactions. An entrepreneur, author, real estate trainer, public speaker, and personal coach. With a strong personal resilience and a deep desire to help others live an extraordinary life. He has coached hundreds of real estate investors to fulfill their dreams. There's so much to learn from Mike's story, so join us and listen in! [00:01 - 09:33] Opening Segment I introduce today's guest What money meant to Mike in his early years What he learned from his parents Being mad about money as a young man Running and selling a contracting business Mike on the importance of observing successful people [09:34 - 23:55] The Story Behind the Imprisonment How he started in real estate Mike shares what got him in trouble The events that led to legal troubles Shoutout to my podcast producers: Streamlined Podcasts Use promo code: MICROEMPIRES and get a discount! Mike on having accountability as a leader of a company [23:56 - 31:17] Mike on Intuition and Believing Your Gut Mike shares a story about his wife's gut feeling before the legal trouble Why it's important to pay attention to what's really happening I share a principle from the book “The Gift of Fear” [31:18 - 36:17] Closing Segment Mike shares the process of breaking the news to his wife A preview of Part 2 Tweetable Quotes: “I always understood that success left clues, that if you went to successful people and did what they did, that your results of being successful will be greater” - Mike Morawski “As the CEO, as the owner of the company, you take responsibility. No matter what ‘Johnny the janitor' does, you take responsibility. It's your company, you put those people in place.” - Mike Morawski Resources Mentioned: The Gift of Fear by Gavin de Becker Connect with Mike via LinkedIn or visit his websites https://mikemorawski.com/ and https://mycoreintentions.com/team You can connect with me on LinkedIn, Twitter, Instagram, YouTube, and Facebook. I'm excited to hear more about you. I'm excited to know more about you. Also, feel free to shoot me an email at jennifer@micro-empires.com. You can call or text 213-973-7206 TELL US WHAT YOU THINK! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes. This podcast is about YOU. We all have a story, whether your story is a lot like mine or totally different. Maybe you have a good job, but you know in your heart that you want more. Let's Work Together Are you ready to begin INVESTING in your future but you don't know where to start? Need more CONNECTIONS in the investing community? Sign up at https://micro-empires.com/investing-opportunities/ for investing opportunities! I have created a NEW eBook called "You Don't Have to be Wealthy to Build Wealth" Click https://micro-empires.com/how-to-build-wealth/ for a FREE copy!
We all make mistakes. Sometimes what leads to committing these mistakes is our negligence of what's happening around us. In Part 1 of this episode of Micro Empires, Mike Morawski talks about his experience from building an enormous real estate empire to getting a 10-year federal imprisonment sentence. He'll share his lessons on decision-making and relationships and why they are important in making sure that your business is on the right track. Michael Morawski is a 30 plus year real estate investment veteran. He has controlled over $285,000,000 in real estate transactions. An entrepreneur, author, real estate trainer, public speaker, and personal coach. With a strong personal resilience and a deep desire to help others live an extraordinary life. He has coached hundreds of real estate investors to fulfill their dreams. There's so much to learn from Mike's story, so join us and listen in! [00:01 - 09:33] Opening Segment I introduce today's guest What money meant to Mike in his early years What he learned from his parents Being mad about money as a young man Running and selling a contracting business Mike on the importance of observing successful people [09:34 - 23:55] The Story Behind the Imprisonment How he started in real estate Mike shares what got him in trouble The events that led to legal troubles Shoutout to my podcast producers: Streamlined Podcasts Use promo code: MICROEMPIRES and get a discount! Mike on having accountability as a leader of a company [23:56 - 31:17] Mike on Intuition and Believing Your Gut Mike shares a story about his wife's gut feeling before the legal trouble Why it's important to pay attention to what's really happening I share a principle from the book “The Gift of Fear” [31:18 - 36:17] Closing Segment Mike shares the process of breaking the news to his wife A preview of Part 2 Tweetable Quotes: “I always understood that success left clues, that if you went to successful people and did what they did, that your results of being successful will be greater” - Mike Morawski “As the CEO, as the owner of the company, you take responsibility. No matter what ‘Johnny the janitor' does, you take responsibility. It's your company, you put those people in place.” - Mike Morawski Resources Mentioned: The Gift of Fear by Gavin de Becker Connect with Mike via LinkedIn or visit his websites https://mikemorawski.com/ and https://mycoreintentions.com/team You can connect with me on LinkedIn, Twitter, Instagram, YouTube, and Facebook. I'm excited to hear more about you. I'm excited to know more about you. Also, feel free to shoot me an email at jennifer@micro-empires.com. You can call or text 213-973-7206 TELL US WHAT YOU THINK! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes. This podcast is about YOU. We all have a story, whether your story is a lot like mine or totally different. Maybe you have a good job, but you know in your heart that you want more. Let's Work Together Are you ready to begin INVESTING in your future but you don't know where to start? Need more CONNECTIONS in the investing community? Sign up at https://micro-empires.com/investing-opportunities/ for investing opportunities! I have created a NEW eBook called "You Don't Have to be Wealthy to Build Wealth" Click https://micro-empires.com/how-to-build-wealth/ for a FREE copy! The post From Controlling $285MM to Federal Prison with Mike Morawski, Part 1 appeared first on Micro Empires.
BIO: Mike Morawski is a 30+ year real estate investment veteran. He has controlled over $285,000,000 in real estate transactions. STORY: In 2008, when the economic crisis hit the US, Mike decided to find ways to protect his investors. He moved money from companies that were performing well into those that were underperforming. It seemed to work, but he had not informed his investors about it, so he was jailed for 10 years for fraud. LEARNING: Communicate with your investors regularly and always follow your business mandate. Listen to outsiders and pay attention to red flags. “Just because you act unethically doesn’t mean you break the law, but enough unethical actions ultimately will cause you to break the law.” Michael Morawski Guest profilehttps://www.linkedin.com/in/michael-morawski/ (Michael “better known as Mike” Morawski) is a 30+ year real estate investment veteran. He has controlled over $285,000,000 in real estate transactions. Mike is an entrepreneur, author, real estate trainer, public speaker, and personal coach with strong personal resilience and a deep desire to help others live an extraordinary life. He has coached hundreds of real estate investors to fulfill their dreams. Worst investment everBefore 2008 Mike’s real estate business was flourishing. Then 2008 came around, and the US was hit by the worst economic crisis the world’s ever seen. Mike believed that he could weather the storm. But, his properties started bleeding. People moved out. In 2010 everything imploded. Trying to protect his investorsThings were getting really bad, and Mike tried to find ways to protect his investors. One idea was to take money from good, profitable companies, move it into nonprofitable companies, and hopefully keep the whole ship afloat. So he started moving money back and forth. Mike’s attorney and accountant both said it was acceptable to do that as long as they left notes so that the money is traceable. Not communicating with the investorsMike’s idea was great and was working. The only mistake he made was not telling his investors about it. He was charged with wire fraud and mail fraud charges for this mistake and ultimately sentenced to 10 years in federal prison. Mike lost everything, including the real estate business. As if that was not enough,17 days after being in prison, his wife decided to leave him. Surviving prisonMike was having a pretty hard time in prison. Six weeks into his jail term, he walked into the gym one day, and this guy came up to him and said, “Hey, don’t let these people beat you up. All they want to do is take everything from you. They can take your apartments, your cars, your houses, they can ruin your family, but they can’t take what you’re made of. They can’t take your brains, they can’t take your desire, and they can’t take your energy.” This was the best advice Mike has ever gotten. As a result of that advice, he decided to do the time in jail and not let the time do him. Building his life againWhile in prison, Mike went to college and got a four-year degree in theology. He also wrote two books. He came back home from jail in better shape physically, mentally, emotionally, and spiritually than he’d ever been in his life. Lessons learnedGrowing too fast is not necessarily a good thingMike’s business grew too fast. He hired too many people and had a bloated payroll. He paid too much for properties instead of negotiating, thinking that the market would keep going up. This is what caused his business to suffer when the economic crisis hit. Listen to outsidersSometimes people outside your business are in a better position to see things objectively. Seek their opinions and consider their advice. Pay attention to red flagsMike had his head buried in the sand. He didn’t look at the KPIs deep enough, and all of a sudden, his business was burning down to the ground. Andrew’s takeawaysAways follow your business mandateBefore you do anything, have your investors and...
“Doing things that are uncomfortable and difficult have the greatest impact on your business. You can strive to make a million dollars, but what matters most in that process? It is who you become along the way and the things you do when you get there.” — Michael Morawski
Michael “Mike” Morawski is a 30+ year real estate investment veteran. He has controlled over $285,000,000 in real estate transactions. Mike is an entrepreneur, author, real estate trainer, public speaker, and personal coach with a strong, personal resilience, and a deep desire to help others live an extraordinary life. He has coached hundreds of real estate investors to fulfill their dreams. Michael began as a general contractor in the Northwest Suburbs of Chicago with $5 mm in annual revenue. He sold his company and then took some time off to decide what to do next. Michael entered the real estate industry as a sales agent building a team of agents and support staff that produced over $20 mm per year in sales production. In 2005, Michael started a private equity firm, raising $18 mm in private equity and acquired $60 mm in multi-family apartments including 4,000 units in five different US markets. As part of the company's growth, Mike built and developed a property management division that managed 7,500 units. Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 Connect with Michael Morawski https://mycoreintentions.com/team Special Listener Gift Schedule a 15-Minute Call with Curtis Free Ebook Financial Planning Has Failed Show Notes Being an entrepreneur all his life - 3:36 Applying some basic principles - 4:41 Being passionate about multifamily - 8:08 What real estate really is - 9:17 Can people start with a multifamily? - 13:13 You have to learn something new - 18:41 Having an exit plan before you buy - 21:31 There are different ways to exit from a deal - 22:27 Real estate is powerful - 24:31 Being in prison - 34:24 Starting to go to the gym - 35:19 Having some savings - 38:29 Making smart choices - 40:48 Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS
Michael Morawski, Founder and Owner Operator of My Core Intentions, is a 30+ year real estate veteran who has controlled over $285,000,000 in real estate transactions and syndications and has extensive experience in residential, multifamily sales, investing & property management.My Core Intentions is an engagement platform Michael established to express and impart his skills and life lessons as an entrepreneur, author, real estate trainer, public speaker, and personal coach to real estate investors and individuals alike who wish to live an extraordinary life through smart, strategic, real estate investing. After having founded, managed, and sold a successful residential property management company and a private equity firm, Michael has also pursued the foundation and management of a charity organization that supports the fight against the homelessness epidemic in Chicago. He has also led an initiative which raised up to Two-million Dollars to support multiple families for food, shelter, and domestic training. Michael is a member of the BusBusiness Networking International (BNI), Vistage International member, National Mastermind group of real estate and business professionals, and Toastmasters International, Duluth MN where he's served as Club President, VP and Founder. Grab a copy of his free eBook - EXIT PLAN: Your Complete Guide to Multi-Family Investing & Why You Need an Exit Plan Before You Buy! through this link: https://mycoreintentions.com/exitplanLearn more and reach out to Michael Morawski through the following links:LinkedIn - https://www.linkedin.com/in/michael-morawski/Website - https://mycoreintentions.com/Venture uses adventure to raise funds and awareness for humanitarian initiatives worldwide while providing an intentional life and faith development program for participants.About Venture.orgWE ARE COMPELLED TO GO TO SOME OF THE TOUGHEST PLACES.We serve in areas of the world that are the least reached and least resourced by partnering with local leaders in those communities to end some of the world's greatest injustices. To learn more, visit https://venture.org/businessforgood.
How do you acquire 4,000 properties in 30 months after acquiring your FIRST property? Join us today as we talk to Michael Morawski about how he did it. Michael is a 30 plus year real estate investment veteran. He has controlled over $285,000,000 in real estate transactions. Mike is an entrepreneur, author, real estate trainer, public speaker, and personal coach, with strong personal resilience and a deep desire to help others live an extraordinary life. He has coached hundreds of real estate investors to fulfill their dreams. Term Syndicating – finding people with similar interests and pooling their money to invest in real estate. Advice You shouldn't close on a deal until you know what your exit strategy is going to be. Don't get emotionally attached to a deal. Have someone on your team that will point out the bad parts of a deal to help you make better decisions. Nothing changes in your business life until you change personally. Life isn't about material things, it's about character. Have gratitude for what you do have and don't dwell on what you don't have. Transitioning from single family to multifamily Walk slow and learn what you need to learn along the way. The business is all about systems and strategies. Run your own numbers, don't just listen to the broker and seller. Figure out why your goals are important. Do something that's going to absorb your profitability and then do the deal again. Buying smaller multi-unit properties vs. larger multi-unit properties Evaluate the traps the same way Negotiate contracts the same way Do your due diligence the same way More units just takes more time Contact Email: mike@mycoreintentions.com Instagram: @mike.morawski.54 Facebook: Mike Morawski Twitter: @MikeMorawski2 Book Mycoreintentions.com/exitplan
Seasoned real estate veteran Michael Morawski talks about his passion for multi family investments, the importance of underwriting, why an exit plan is crucial, the importance of having a coach as well as his love for coaching and lessons he's learned from his unique experiences in the business. Mike candidly talks about mistakes he's made, consequences for those mistakes and what he's learned from them. The epitome of taking a bad situation and turning it into a positive experience and helping others to not make the same mistakes. This is definitely an episode not to be missed!
In this episode, Bailey Kramer sits down with Michael Morawski to talk about Multi-Family Ownership and Operations. Guest: Michael Morawski Michael “Mike” Morawski is a 30 plus year real estate investment veteran. He has controlled over $285,000,000 in real estate transactions. An entrepreneur, author, real estate trainer, public speaker, and personal coach. With a strong personal resilience and a deep desire to help others live an extraordinary life. He has coached hundreds of real estate investors to fulfill their dreams. Michaels background began as a general contractor in the Northwest Suburbs of Chicago with $5 mm in annual revenue he sold his company. Michael entered the real estate industry as a sales agent building a team and selling over $20 mm per year in production. In 2005 Michael started a private equity firm, raising $18 mm in private equity and acquired $60 mm in multifamily apartments 4,000 units in five different US markets. Today Michael's passion is giving his knowledge and wisdom away for others for their gain. Mike is the host of the Insider Secrets Podcast and the co-host of Multifamily Unplugged Vidcast. Michael has built My Core Intentions as a training and coaching platform for real estate investors and industry professionals. His Core principle is to teach his clients how to create “short term cash flow and long-term wealth.” This is delivered through live and virtual training events, and three levels of personal coaching. Two of the things that set My Core Intentions apart is their teaching about the development of an exit plan and creating wealth through small multi-family properties. Michael's clients are completing transactions within 12 weeks and experiencing business growth at a rate of over 20% annually. We assist our clients in setting accounting standards in their personal and professional lives which enables them to realign with things that really matter like family and personal growth. We guide our clients to discover their true passions which include a virtuous and balanced lifestyle. Website: https://mycoreintentions.com Connect with the Host, Bailey Kramer: Website: www.baileykramer.com LinkedIn: https://www.linkedin.com/in/bailey--kramer/ Instagram: https://www.instagram.com/the_bailey_kramer