POPULARITY
Hosted by mike morawski
4 episodes with mike morawski
3 episodes with mike morawski
2 episodes with mike morawski
2 episodes with mike morawski
2 episodes with mike morawski
2 episodes with mike morawski
2 episodes with mike morawski
4 episodes with mike morawski
Target Market Insights: Multifamily Real Estate Marketing Tips
Mike Morawski is a 30-year real estate investing veteran, author, speaker, and founder of My Core Intentions. Over the course of his career, he's controlled more than $450 million in real estate, scaling a portfolio of 4,000 units and a property management company overseeing 7,500 doors. Mike's journey includes extraordinary growth, painful setbacks—including federal prison—and a powerful comeback centered around coaching, transparency, and helping others build wealth through multifamily investing. Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here. Key Takeaways Mike built a $100M real estate business but lost it all and spent time in federal prison due to nondisclosure and overextension during the 2008 crash. His biggest lessons: don't grow too fast, avoid over-leverage, never be undercapitalized, pay attention to detail, and surround yourself with the right people. He now focuses on ethical investing, transparency, and long-term strategy while helping others avoid similar mistakes. Mike uses creative deal structuring, including seller financing and assumptions, even on large multifamily assets. He believes the current market presents one of the best opportunities in a generation to build long-term wealth. Topics From Building to Breaking to Rebuilding Built a $100M syndication portfolio between 2005–2008, including 4,000 units and 38 companies. The 2008 crash triggered liquidity issues, leading to improper fund transfers across companies without investor disclosure. Sentenced to 10 years in federal prison. There, he wrote two books, taught ethics and real estate, and earned a degree in theology. Today, he coaches investors and shares his story to help others avoid similar missteps. The Five Lessons He Now Teaches Everyone Don't grow too fast—scaling without structure leads to collapse. Don't over-leverage—he recommends staying under 65% LTV. Don't be undercapitalized—lack of reserves causes panic decisions. Pay attention to details—asset management is where deals live or die. Surround yourself with people who will tell you the truth—and listen to them. Creative Financing for Multifamily Deals Mike dispels the myth that creative structures are only for single-family. Shared a case study of a 450-unit deal acquired with a $12.5M loan assumption and $2.5M seller carryback—no new equity. These deals still exist if you listen to sellers and find their pain points. Market Cycles and Timing Believes we're at the bottom of the current cycle and entering a major wealth transfer phase. Urges investors to act now while cautioning against recklessness—stress-test underwriting and be conservative. Expects shorter, more volatile cycles in the future, making education and adaptability more important than ever. Resources for Passive Investors Created a free risk-tolerance quiz to help LPs understand their investor profile and make better decisions. Advocates for transparency and full disclosure between sponsors and passive partners—especially in turbulent markets.
This week on the Triple P Podcast, Dr. Jay welcomes Mike Morawski, managing partner of Resilience Equity, founder of My Core Intentions, and author of two game-changing books: Exit Plan and Multifamily Investment Secrets. Mike also hosts two podcasts, Insider Secrets and Multi-family Unplugged, where he shares his expertise in real estate investing. Mike opens up about his remarkable journey of success, failure, and redemption. From building a $100M real estate empire in just 30 months to losing it all during the 2008 financial crisis - and even serving a prison sentence - Mike shares the hard-earned lessons that transformed his life and career. In this episode, you'll learn: • The 5 critical mistakes that caused Mike's business to collapse. • Why growing too fast can be a recipe for disaster in real estate. • The importance of paying attention to the details and trusting your intuition. • How to build wealth through multifamily investments, including market analysis, underwriting, and creative financing strategies. • Mike's inspiring story of turning his “mess” into a powerful message of redemption and success. Mike also explains how his multi-family investing strategies can help you create explosive wealth while mitigating risk—even in uncertain economic times. Whether you're a seasoned investor or new to the world of real estate, this episode is packed with actionable advice and insights to take your financial goals to the next level. Handy Links: Mike Morawski's Book: Multifamily Investment Secrets Mike's Podcast: Insider Secrets Podcast Chapters: (00:00) - Introduction and Welcome (01:05) - The Triple P Life Mission and Gratitude (02:00) - Empowering You in Every Area of Life (03:50) - Preparing for the Economic Boom Ahead (06:15) - The Synergy of Thoughts, Desires, and Energy (10:00) - Success Principles and Daily Habits for a Better Year (16:00) - Real Estate Investing Basics for Beginners (20:45) - The 10 Real Estate Tips for Beginners (27:00) - Diving Into Market Research and Analysis (30:45) - Lessons from the 2008 Market Crash (38:30) - Mike Morowski's Journey from Real Estate Success to Federal Prison (43:00) - The Turning Point in Prison: Redemption and Resilience (46:30) - Rebuilding and Sharing Lessons Learned (51:00) - Outro and Final Thoughts Find all things Triple P Life by visiting the website. Follow Dr. Jay: Facebook | LinkedIn | YouTube Get Dr. Jay's Book: Change Your Mind Change Your Destiny Find all the nutrition and supplement products Triple P Nutrition has to offer here.
Buckle up for an intriguing adventure through three decades of real estate evolution with Mike Morawski – a true maverick who transformed from a local residential agent to Chief Investment Officer of a successful multi family hedgefund.Mike pulls back the curtain on his remarkable path from general contracting to managing a $100 million enterprise, revealing the grit, strategy, and resilience that propels success.What does it really take to thrive in an industry that never stands still? Mike's story is a masterclass in adaptability. From navigating market upheavals to pioneering the art of converting struggling office spaces into vibrant apartment communities, he's sharing unfiltered insights about surviving – and ultimately thriving – in the real estate landscape.You'll discover:• Unexpected pivot points that can reshape careers• How strategic networking can be your most powerful asset• The untapped potential in distressed real estate assets• Lessons in resilience that extend far beyond property investmentWhether you're a budding real estate professional or a seasoned investor, our discussion proves that success isn't about avoiding storms, but learning to dance in the rain. Get ready for an episode that's part adventure, part masterclass, and entirely inspiring.Connect further with Mike Morawski at https://mikemorawski.com or LinkedIn https://www.linkedin.com/in/michael-morawski/.Unlock elite low risk investment opportunities tailored to your priorities. Let our expert team maximize your returns while you focus on what matters most. Join our family of successful investors creating a lasting legacy of financial wealth and community impact together. Start or elevate your portfolio today. Email bill@firstliencapital.com or go to https://www.firstliencapital.com to invest with us.Stay connected with Bill Bymel and First Lien Capital:Linktree: https://linktr.ee/billbymelLet's connect: https://calendly.com/billbymel/first-lien-capital-fund2To learn more, visit:https://billbymel.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/bill-bymel/
Key Takeaways Institutional investors may require a higher preferred return but typically accept a smaller equity share, offering flexibility in deal structuring. Policies like rent control can hinder cash flow, especially in areas with rising costs, affecting property valuations and investor returns. Population and job growth, along with household income, are vital indicators of a market's potential to sustain rental growth and value appreciation. Diverse employment sectors mitigate risks during economic downturns, providing stability in occupancy and rental income. Working with city officials and economic development teams can ease processes like zoning, permitting, and provide incentives, benefiting both the property and local community. Investors should clarify if they're prioritizing immediate cash flow or long-term appreciation to align with property performance expectations. Cost segregation is a powerful tool that enables investors to accelerate depreciation, significantly reducing taxable income and offering potential financial advantages. Episode Timeline [0:00 - 3:15] Introduction and background of the guest. [3:16 - 8:3] Exploring the impact of institutional money in multifamily deals. [8:31 - 12:45] The role of market conditions in deal success. [12:46 - 17:20] Key metrics for evaluating multifamily markets, including population and job growth. [17:21 - 23:00] Understanding the importance of NOI and cap rates in property valuation. [23:01 - 26:35] The significance of demographics and crime statistics in asset positioning. [26:36 - 30:10] Social impact through safe housing and community involvement. [30:11 - 34:50] Tax benefits for real estate investors and wealth-building strategies. [34:51 - 38:00] Final thoughts, tips for new investors, and closing remarks. Contact Website: https://mikemorawski.com/ Email: mike@mikemorawski.com
Key Takeaways Start by establishing your company identity with a strong business name and an LLC, set up by a business attorney to provide a solid foundation. Building a website is essential—even a simple one boosts credibility and acts as a digital business card to attract investors. To develop relationships and begin raising capital, focus on networking to build valuable connections, as strong relationships are key to securing investment funding. Use a database to nurture leads effectively. Tools like Capitalist Pro help centralize contacts, streamlining communication to guide leads into active investments. Creating a company thesis/slide deck allows you to showcase your business to investors with clarity and polish, setting you up to make a lasting impression. Episode Timeline [00:00 - 01:00] Introduction [01:00 - 03:30] Establishing Your Business Name [03:30 - 06:00] Forming Your LLC [06:00 - 08:30] Importance of having a professional Website [08:30 - 12:00] Building Relationships for Capital Raising [12:00 - 13:00] Importance of a Database [13:00 - 14:30] Implementing Capitalist Pro as a powerful CRM tool [14:30 - 16:30] Nurturing Leads with the Eight-by-Eight Program [16:30 - 18:00] Mindset and Approach to Competition [18:00 - 19:00] Introducing Mike's New Book: Multifamily Investment Secrets [19:00 - 20:00] Closing Remarks Contact Website: https://mikemorawski.com/ Email: mike@mikemorawski.com
Key Takeaways Assembling a knowledgeable and trustworthy team is essential for navigating the complexities of real estate syndication and investment. Evaluating risks associated with multifamily properties, such as market fluctuations and property management issues, is vital for protecting investments. Understanding the capital stack is crucial, as it explains how different levels of financing work together in a multifamily deal. Establishing a property-level LLC adds a layer of protection by separating the investor from the property. Regular updates and transparent communication with investors build trust and foster long-term relationships. Profits in real estate come from rental income, property appreciation, and tax benefits from depreciation. Episode Timeline [0:00 - 2:30] Introduction to Multifamily Investing and Why It's a Predictable Asset Class [2:30 – 5:45] The Importance of Building a Team for Success in Real Estate Syndication [5:45 - 9:15] Understanding the Capital Stack and Leveraging OPM (Other People's Money) [9:15 - 12:40] Identifying and Mitigating Risks in Multifamily Investments. [12:40 – 16:20] Legal Structures: LLCs, SEC Compliance, and Protecting Investors [16:20 – 19:50] How Sponsors Earn Fees and Ensure Profits for Investors [19:50 – 23:10] Networking and Building Relationships in the Real Estate Industry [23:10 – 26:45] Continuous Learning and the Long-Term Wealth Creation Journey in Real Estate Contact Website: https://mikemorawski.com/ Email: mike@mikemorawski.com
Mike Morawski, a commercial multifamily operator, shares his experience in the real estate industry and offers insights into the current market climate. He discusses the factors that contributed to his success in scaling his business from zero to $100 million in five years, as well as the mistakes he made during the Great Recession. Morawski believes that there are opportunities in the current market and emphasizes the importance of investing in growth markets and paying attention to details in asset management. Sponsors: Altra Running Apartments.com
Key Takeaways Multifamily investing requires a specialized vocabulary to navigate the industry effectively. A rent roll is a critical document for understanding a property's income potential. Key items include tenant information, unit numbers, market rate rent, collected rent, lease terms, and unit mix. Understanding operating expenses is crucial for profitability. Key categories include payroll, utilities, repairs and maintenance, insurance, taxes, and property management fees. Understanding financial metrics like NOI, DSCR, and investor returns (ROI, IRR, cash-on-cash preferred returns) is essential for evaluating a property's performance. Key terms like general partner (GP), limited partner (LP), share classes, waterfall returns, and sponsor fees are crucial for understanding deal structuring. Thorough due diligence and underwriting are essential for evaluating a property's potential and risks. Episode Timeline [00:00:00] Mike introduces underwriting as a foundational tool for multifamily investing decisions. [00:04:00] Analyzing income and expenses is crucial for assessing profitability and NOI. [00:08:00] Capital expenditures significantly impact property value and investor returns. [00:12:00] Evaluating rent growth and market conditions helps predict future income. [00:16:00] LTV and LTC ratios determine debt capacity and equity safety. [00:21:00] Interest rates, amortization, and DSCR are vital for securing financing. [00:23:00] The GP team's structure and roles ensure effective collaboration and management. [00:28:00] Various sponsor fees compensate the GP team for their contributions. Contact Website: https://mikemorawski.com/ Email: mike@mikemorawski.com
Key Takeaways Combine short-term cash flow with long-term generational wealth using tools like IRAs and 1031 exchanges. Accurate underwriting with reliable data, like CoStar, builds investor confidence. Regular networking and relationship-building are essential for expanding your investor base. Use e-books and checklists as lead magnets to attract and nurture potential investors. A well-maintained contact database is vital for long-term success and investor engagement. Writing books and speaking at events boost credibility and attract investors. Episode Timeline [00:01:00] Mike's Solo Podcast Initiative. [00:02:00] The three essential fundamentals for success in multifamily investing. [00:08:00] Understanding underwriting processes and financial metrics. [00:13:00] Introducing CoStar as a sponsor, describing its value in market data. [00:15:00] Strategies for raising capital include effective networking. [00:16:00] Mike compares raising capital to fishing and farming. [00:18:00] The importance of nurturing leads through email marketing [00:19:00] Database management and staying in touch with clients & investors. [00:22:00] Closing remarks about balancing all three strategies Contact Website: https://mikemorawski.com/ Email: mike@mikemorawski.com
On this episode of the Passive Income Attorney podcast, Seth is joined by Mike Morawski as they talk about learning from your mistakes, finding God, fitness and purpose, meeting the perfect mentor and knowing your exit plan. Mike made millions in real estate. Then Mike made some mistakes. He went to prison. And now he's back to tell his redemption story and to help others. Mike is a 30-year real estate investing veteran and a successful entrepreneur, author, coach, and speaker. He shares with us his inspiring story of ascent, rock bottom, and redemption. Enjoy! “Make sure you take the time to think things through. When you look at a situation today, don't make a quick rash choice or decision. Think things through because you can look at something today, and it might not be the same tomorrow.” HIGHLIGHTS: Here's a breakdown of what to expect in this episode: Why you should take more time to stabilize a deal and disclose everything to your investors How to learn from your mistakes and bounce back even stronger Finding God, fitness and purpose How to turn a terrible situation into a redemption story How to find a coach that helps you grow professionally and personally at the same time Why buying smaller assets might make more sense The importance of having an exit plan before you buy a deal How to strike a balance between alternative and traditional investing for a great portfolio And so much more! ABOUT | MIKE MORAWSKI: 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 extraordinary lives. He has coached hundreds of real estate investors to fulfill their dreams. FIND | MIKE MORAWSKI: Website: https://mikemorawski.com/ ✈️ CONNECT | SETH BRADLEY:
On this episode of the Passive Income Attorney podcast, Seth is joined by Mike Morawski as they talk about learning from your mistakes, finding God, fitness and purpose, meeting the perfect mentor and knowing your exit plan. Mike made millions in real estate. Then Mike made some mistakes. He went to prison. And now he's back to tell his redemption story and to help others. Mike is a 30-year real estate investing veteran and a successful entrepreneur, author, coach, and speaker. He shares with us his inspiring story of ascent, rock bottom, and redemption. Enjoy! “Make sure you take the time to think things through. When you look at a situation today, don't make a quick rash choice or decision. Think things through because you can look at something today, and it might not be the same tomorrow.” HIGHLIGHTS: Here's a breakdown of what to expect in this episode: Why you should take more time to stabilize a deal and disclose everything to your investors How to learn from your mistakes and bounce back even stronger Finding God, fitness and purpose How to turn a terrible situation into a redemption story How to find a coach that helps you grow professionally and personally at the same time Why buying smaller assets might make more sense The importance of having an exit plan before you buy a deal How to strike a balance between alternative and traditional investing for a great portfolio And so much more! ABOUT | MIKE MORAWSKI: 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 extraordinary lives. He has coached hundreds of real estate investors to fulfill their dreams. FIND | MIKE MORAWSKI: Website: https://mikemorawski.com/ ✈️ CONNECT | SETH BRADLEY:
Key Takeaways Mindset Matters: How you think about capital raising can significantly impact your success. Focusing on the positive aspects and opportunities can make the process easier and more fruitful. Importance of Follow-Up: A key reason for losing potential investors is the lack of follow-up. Having a mapped-out process ensures that you stay in touch and guide potential investors through their journey. Automation in Processes: Automating your follow-up processes, including emails and text messages, can help manage leads efficiently and ensure that no potential investor falls through the cracks. Regular Content is Crucial: Regular contact with potential investors through newsletters, emails, and other content helps maintain top-of-mind awareness. Diverse Communication Channels: Different people prefer different methods of communication. Utilizing a variety of channels, such as emails, texts, social media, and face-to-face meetings, can help build stronger relationships. Specialized Tools and Resources: Using specialized tools and services like Apartment Investors Pro can streamline your process of building websites and managing investor relationships, ultimately aiding in raising more capital. Episode Timeline [00:01:00] - Introduction by Mike Morawski: The importance of mindset in raising capital [00:02:00] - Introduction of guest Todd Heitner and discussion on weather [00:03:00] - Todd Heitner shares his background and business. [00:05:00] - Todd talks about his transition from cattle ranching to web design. [00:07:00] - Discussion on the functionality and benefits of specialized websites for real estate investors [00:09:00] - How Todd's services include hosting and support. [00:11:00] - Importance of automated and manual follow-up processes in investor relations/ [00:13:00] - Common mistakes in capital raising and the importance of having a mapped-out process. [00:15:00] - Mike and Todd discuss the importance of follow-up and process in raising capital. [00:18:00] - Effective communication methods for capital raising. [00:19:00] - Discuss Todd's role in helping build processes rather than raising capital directly. [00:20:00] - How to get started with Apartment Investors Pro and the best ways to drive website traffic. [00:22:00] - Bonus questions: Todd's favorite book and tourist attraction. [00:24:00] - Conclusion and final thoughts by Mike Morawski. Contact Website: apartmentinvestorpro.com Summary In this episode, Mike Morawski talks with Todd Heitner from Apartment Investors Pro about the importance of mindset in raising capital, the role of automation in follow-up processes, and effective communication strategies for investor relations. Todd emphasizes the significance of having a mapped-out process to ensure no potential investor is left behind and shares insights on how to build a robust system for capital raising. They also discuss the importance of regular content and diverse communication channels in maintaining investor relationships.
Tune in for a conversation with special guest Mike MorawskiConnect with Joshua at:The WebsiteThe Facebook GroupDesign & Sales Master ClassesSubscribe to Outerspaces on your favorite podcasting platform and never miss an episode!
Whitney Elkins-Hutten of PassiveInvesting.com interviews Mike Morawski, Multifamily Syndicator, about his acquisition of the 65-Unit Vintage 66 in Tulsa, OK. Mike shares his story, how he transitioned from selling hundreds of houses each year to building a colossal portfolio of 4,000 multifamily units across five U.S. markets. He shares the nitty-gritty details of how he closed the deal with the 65-Unit Vintage 66, from its off-market origins to the clever structuring of the contract. More than that, Mark discusses the complexity of capital rising, the twists and turns of due diligence, and more. Tune in now and hear Mike's expert advice in the multifamily world.
Weathering the 2008 market crash is no mean feat, and some fared better than others. Talking to us today about the hurricane he faced when the recession began, and the lessons he learned from the process, is entrepreneur, author, real estate trainer, public speaker, and personal coach, Mike Morawski. Mike started his professional career as a pool contractor, but through a series of events, transitioned into real estate in the early 2000s. We find out how he learned all he could from those who had succeeded, and why he prefers diving right in instead of dipping a toe. We hear how Mike moved from residential real estate into syndicates, and the techniques he used to raise capital and recruit investors. Mike also gets candid about the five big mistakes that he made when building the portfolio: growing too fast, being undercapitalized, being overleveraged, not paying attention to the red flags, and finally, not listening to those close to you. From helpful advice regarding being upfront, and paying attention, this first part of the two-part series with Mike is a fascinating listen. So, to learn from one of the greats, tune in today!Key Points From This Episode:Welcome to Mike Morawski, entrepreneur, author, real estate trainer, public speaker, and personal coach.An introduction to our newest host, Peter Pomeroy.How Mike moved from being a general contractor, into real estate. Why it's important to learn from those who have succeeded.Mike's thoughts on “Dipping a toe” compared to jumping right in. Why Mike moved from residential real estate to syndicates. How Mike raised capital and recruited investors. Who comprised Mike's team, and the five big mistakes he made.The perfect storm: how the crash in 2008 affected Mike's business.The lessons Mike learned from the crash. Where you can get hold of Mike, and what to expect from part two! Links Mentioned in Today's Episode:Mike Morawski on LinkedInMike Morawski on InstagramMike Morawski EmailMy Core IntensionsPassive Income Through Multifamily Real Estate Facebook GroupAPT Capital Group
Welcome back to part two of our conversation with Mike Morawski, a 30-year real estate investment veteran who has had control of over 285 million dollars in real estate transactions, entrepreneur, author, real estate trainer, public speaker, and personal coach. He has also served a 10-year prison term in a federal penitentiary. Join us today to hear how defining moments in his life helped him to move forward and inspire others to do the same. He believes that people are trapped in their own prisons of addiction and abuse, and that the same principles that empowered him to make the most of his time behind bars can help others to turn their lives around. We touch on faith and family before he gets candid about learning to forgive himself and others through the power of understanding scripture. In closing, he offers advice to those navigating the sometimes troubled waters of real estate, reminding listeners that a career is a marathon, not a sprint! Thanks for tuning in.Key Points From This Episode:Introducing our new host: Peter Pomeroy.A re-introduction to our guest, Mike Morawski, a 30-year real estate veteran. His other endeavors as an entrepreneur, author, real estate trainer, public speaker, and personal coach.His career history leading up to starting his firm, My Core Intentions, and The Insider Secrets Podcast.What it was like to serve a 10-year prison term in a federal penitentiary.The story of a defining moment that happened in the gym. Why he believes that people are trapped in their own prisons of addiction and abuse.Why you have to make choices to move forward. The power of understanding your ‘why'.His daily practices in prison and what he has sustained on the outside.The role of his faith and his relationship with God, and the Zoom Bible Study he hosts.How scripture helped him to forgive himself and others.How he partners with people today to help them to find their ‘why'.His advice to investors: slow down, it's a marathon, not a sprint.His advice to those struggling to get motivated: don't let the stuff beat you, get over it, move forward! Where to find Passive Income through Multi-Family Real Estate online.Links Mentioned in Today's Episode:Exit Plan Michael Morowski on LinkedInMike Morawski on TwitterMy Core IntentionsMulti-Family UnpluggedThe Insider Secrets PodcastLimitless EstatesPassive Income Through Multifamily Real Estate Facebook Group
-Cuff and Mo sit down with veteran real estate investor Mike Morawski in a wide ranging conversation about perseverance, growth and VISION. The Chicago native opens up about how he got his start in the real estate business and how despite his best efforts and intentions, he had to endure a 10 year sentence in federal prison. Morawski talks about how his mindset evolved during his incarceration and how he found the resolve to never give up on himself. Now a free man and back in the business, he explains how his re-entry into society during the COVID-19 pandemic felt like going from one prison to another. The interview wraps with him giving out some advice for people trying to get started in the real estate business and some very interesting answers when it comes to who would be at his imaginary round table. --- Send in a voice message: https://podcasters.spotify.com/pod/show/ryan-cuffee4/message
Do you yearn for the ability to triumph over obstacles and cultivate unwavering strength when faced with adversity? Are you searching for a way to navigate challenges and emerge stronger than ever before? Look no further, as our guest, Mike Morawski, holds the key to unlocking resilience and personal growth. In this episode, he will provide the solution you've been seeking, enabling you to achieve the profound outcome of conquering challenges and building resilience. Get ready to transform your approach to adversity and embrace a future filled with boundless resilience and personal growth."Success leaves clues. Build relationships, value connections, and never underestimate the power of your work ethic." - Mike Morawski Access all show and episode resources HEREAbout Our Guest:Mike Morawski, an experienced real estate entrepreneur with over 30 years in the industry, is no stranger to challenges. Having navigated through the rough waters of the market and experienced personal setbacks, Mike has generated and controlled real estate transactions exceeding 285 million dollars. A strong networker who believes in forming genuine connections, he emphasizes the importance of building relationships rather than seeing people as transactions. His resilience and passion have fuelled his multifaceted career as a public speaker, author, and the host of the Insider Secrets podcast.Reasons to Listen:Immerse yourself in the art and science of multifamily real estate investing, empowering you to climb the ladder of success and growth.Discover how businesses and lives flourish with the potent combination of networking and genuine relationships.Foster an unstoppable attitude to all challenges, cultivating resilience and triumph in adversity.Comprehend the significant impact personal transformation can have on your business relationships and career trajectory.Ignite a lifetime love for knowledge, propelling both your personal journey and professional accomplishments.Episode Highlights:00:00:00 - Overcoming Challenges in Business and Life, Mike Moroski shares a powerful message of not letting others take away everything you have worked for. He emphasizes the importance of resilience, passion, and knowledge in overcoming challenges in business and life. 00:00:41 - Introduction to Mike Moroski, Tim Winders introduces Mike Moroski, a real estate expert with over 30 years of experience. Mike is a trainer, coach, public speaker, and the host of the Insider Secrets podcast. He shares his elevator pitch and highlights his role as the chief investment officer for a multifamily hedge fund.00:02:06 - Networking Strategies, Mike discusses his love for networking and reveals that, despite being an introvert, he enjoys connecting with people and building relationships. He emphasizes the importance of intentionality and genuinely getting to know others, rather than focusing solely on personal gain.00:07:21 - The Evolution of Networking, Mike reflects on his early years in real estate and acknowledges that he initially had a transactional mindset, seeing people as potential dollar signs. However, as he gained experience and wisdom, he realized the importance of building deeper relationships and connecting with others on a personal level.00:11:28 - The Significance of Relationships in Real Estate, Mike highlights the difference between transactional real estate and the multifamily sector. In multifamily investing, building relationships and trust with all parties involved is crucial for successful and long-lasting deals. He emphasizes the importance of connecting with people.00:14:01 - Transitioning from Chicago to Arizona, The guest expresses...
Welcome to this episode of The Darin Batchelder Real Estate Investing Show where we discuss resilience in real estate investing. Our guest, Mike Morawski, shares valuable lessons on networking, dealing with challenges, and sustainable business growth. From losing everything to rebounding stronger, Mike demonstrates how resilience can define your journey. Listen as we explore smart business practices, the growth potential of Tulsa's real estate market, and how one-on-one coaching can fuel your success. This power-packed episode isn't just about resilient investing and coaching, it's a masterclass of an individual's journey from setbacks to success, demonstrating that your past doesn't define your future. Tune in now to leverage Mike Morawski's insights for your own real estate endeavor. For links and resources discussed in this episode, please visit our show notes at https://darinbatchelder.com/resilience
In this episode Ray speaks with Faith Over Fear Live 2023 speaker Mike Morawski about opportunities you have to save and make money even if you owe a lot of money in taxes. faithoverfearlive.com Ray Higdon, is a bestselling author of several books, renowned inspirational speaker, earner of multiple seven figures in a multi-million dollar home based business and founder of the Higdon Group, a Fortune 5000 company, where he's helped clients generate over 500,000 new customers through his proven coaching programs (https://rayhigdoncoaching.com). Partner with Ray: ★ Take the 1K RankUp Challenge: https://rankmakers.com ★ Apply for Coaching: https://higdongroup.com/coaching ★ Invite to Speak: https://higdongroup.com/speaking ★ Order his Books: https://rankmakershop.com/collections/books-journals/book Connect with Ray: ★ Podcast: https://higdongroup.com/podcast ★ Facebook: https://www.facebook.com/rayhigdonpage ★ Instagram: https://www.instagram.com/rayhigdon ★ Twitter: https://twitter.com/rayhigdon ★ LinkedIn: https://www.linkedin.com/in/rayhigdon Thank you for watching and be sure to subscribe for more: https://www.youtube.com/@HigdonGroup We believe in you! - Ray Higdon ======================== More About Ray: Ray's, Home Business Profits, has had over 10 million downloads with approximately 160k downloads every month (https://higdongroup.com/podcast). The Higdon Group hosts annual events with as many as 2,000 people live and nearly 7,000 registered online for their Rank Maker community (https://rankmakers.com). As a top keynote speaker, Ray has shared the stage with world renowned thought leaders, including Tony Robbins, Les Brown, Brendon Burchard, Robert Kiyosaki, Bob Proctor, Gary Vaynerchuk, Grant Cardone, Magic Johnson and many more (https://higdongroup.com/speaking). Ray resides in Naples, FL with his wife Jessica, a prominent realtor, and he has four children. As a follower of Jesus Christ, Ray incorporates faith based principles into all of his decisions, life challenges and business successes. They have raised over $1,000,000 to support families in need, the battle against human trafficking and advancing alternatives to traditional health care. Learn more about Ray Higdon: https://www.rayhigdon.com
Knowledge is indeed power, and educating yourself can be a game-changer. So, today we'll delve into a truly inspiring and remarkable real estate investing comeback story with Mike Morawski. Join us as we witness the extraordinary power of sheer determination and unwavering passion for real estate, turning adversity into triumph. Key Takeaways To Listen For The upside of using strategic thinking and choosing suitable property markets Struggles of real estate investors facing an economic downturn and how they overcame it Innovative strategies for assessing markets before underwriting deals How to increase rents and its benefits for real estate investors Valuable advice for beginners in the real estate investing Resources/Links Mentioned In This Episode CoStar National Brokers Limited RealPage Exit Plan by Mike Morawski Multi-Family Ventures, LLC and the 2008 Financial Crisis: Ethical Decisions Regarding Keeping the Board Informed - Mike Morawski, Stephen B. Castleberry - Journal of Business Ethics Education (Philosophy Documentation Center) Winning by Tim S. Grover | Kindle, Paperback, and Hardcover About Mike Morawski Mike Morawski is a 30+ year real estate investment veteran. He has controlled over $325,000,000 in real estate transactions. Mike is an entrepreneur, author, real estate trainer, public speaker, personal coach, and the Chief Investment Officer of two multifamily hedge funds. With a solid personal resilience and a deep desire to help others live extraordinary lives, he has coached hundreds of real estate investors to fulfill their dreams. Connect with Mike Website: Mike Morawski Podcast: Insider Secrets Real Estate | Multi-Family Unplugged YouTube: Mike Morawski | My Core Intentions LinkedIn: Michael Morawski Facebook: Mike Morawski Instagram: @mikemorawski2 Twitter: @MikeMorawski2 TikTok: @mike.morawski.54 Connect With Us If you're looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://bobocapitalventures.com/. Follow Keith's social media pages LinkedIn: Keith Borie Investor Club: Secret Passive Cashflow Investors Club Facebook: Keith Borie Twitter: @BoboLlc80554
Key Takeaways Consistency and showing up every day are crucial for success in any endeavor. Delegating tasks can make your life easier, but it's important to trust and verify the capabilities of the people you delegate to. Understanding one's own strengths and weaknesses, as well as those of team members, helps in creating a well-rounded team. The net lease business offers a more stable and consistent monthly cash flow compared to other real estate ventures. When acquiring properties like CVS or Dollar General, the investor does not absorb an existing tenant or investor base. The development side of real estate offers significant growth potential and requires focused attention. Helping others achieve their goals ultimately leads to achieving one's own goals. Timeline [00:41] Intro to Podcast [02:37] Intro to episode guest [04:10] One word that describes Agostino personally and professionally. [14:20] Are you buying triple-net deals? [16:15] What is VCA? So that people understand. [11:43] Agostino talks about keeping his focus while working on multiple projects. [20:47] Let's talk about your capital-raising efforts and raising private capital. [24:20] How do you attract LP investors for capital raising and deal sharing? [26:26] Talk about where you're meeting people and how you're building your database. [34:54] Best book you've ever read? Contact Website: bulletproofcashflow.com
The real estate market has its ups and downs just like every other industry. You have times when investors make boatloads of money. And you have times when the market conditions change, and slaughter unprepared investors. How do you make sure you're one of the investors who make boatloads of money (even when market conditions change)? By mitigating risks and setting yourself up for the next bull market. In this episode, Mike Morawski, joins us again to discuss how he hit rock bottom and weathered the storm in different market cycles. Recovering from failure is tough, unless if you know the tricks. Listen now. Show highlights include: How to raise capital to buy a 4,000-unit apartment building with only $45 bucks (1:24) 5 mistakes to avoid as an investor so that you don't end up bankrupt (even in bear markets) (2:56) The loan to value ratio to avoid like a plague if you want to stay out of jail (3:07) How to overcome a recession that wipes out up to 40% of your valuation (4:03) The one tip learned in prison that any investor can use to get their investment goals back on track (5:48) The “overeducated” trap that leaves newbie investors stuck without achieving their financial goals (17:27) How to keep yourself accountable so that you hit your goals every time (without any special gimmicks) (18:12) To connect with Mike Morawski, please visit: mycoreintentions.com/free or connect with him at mike@mycoreintentions.com To get the latest updates directly from Dan and discuss business with other real estate investors, join the REI marketing nerds Facebook group here: http://adwordsnerds.com/group Need help with your online marketing? Jump on a FREE strategy session with our team. We'll dive deep into your market and help you build a custom strategy for finding motivated seller leads online. Schedule for free here: http://adwordsnerds.com/strategy
Novice investors love single family homes. It is an entry-level strategy for long-term wealth creation, and so easy to purchase that anyone can do it. But what happens when the market turns? You can be left with a property that is vacant, bearing a mortgage that you're paying out of your own pocket. This pain heightens when you combine this with multiple properties and find yourself paying for these properties and bankrupting your bank account. The solution? Investing in muli-family properties where there are economies of scale. In this episode, Mike Morawski, a veteran multi-family investor joins us to discuss how to build a portfolio of properties that spit out cash flow in any market condition. Listen now. Show highlights include: One key lesson learned from spending over $100k in seminars and training that will make you oodles of cash. (3:12) The “What If” technique for uncertain times to avoid going into bankruptcy (4:50) A 10-year framework to catch the “sweet spot” for investing in properties (5:48) How you as an investor can position yourself in the dip now for the next bull run (11:25) The “economies of scale” secret that keeps multifamily properties cash flow positive in any market. (12:00) How you can invest in profitable multifamily properties without lifting a finger (13:39) A buying strategy for acquiring lucrative apartment complexes with high cash flow (17:19) The best way to earn with real estate investing (without taking any of the risks yourself) (17:50) To connect with Mike Morawski, please visit: mycoreintentions.com/free or connect with him at mike@mycoreintentions.com To get the latest updates directly from Dan and discuss business with other real estate investors, join the REI marketing nerds Facebook group here: http://adwordsnerds.com/group Need help with your online marketing? Jump on a FREE strategy session with our team. We'll dive deep into your market and help you build a custom strategy for finding motivated seller leads online. Schedule for free here: http://adwordsnerds.com/strategy
Key Takeaways You have got to be intentional about your life if you're going to win. If you don't understand real estate, please do not invest in real estate. I don't care that it's athletics, it could be something else. But you've got to have something else that's going to require time outside the school day. I want my infinite banking based on an asset that is guaranteed to grow. Please, I don't care if you use me or not, I don't care. But get a good coach. Do what you love. If you don't love real estate, find something else. Timeline [00:43] Intro to Podcast [01:32] Intro to episode guest [04:07] One word that describes Doug personally and professionally. [07:09] Talk about your background a little bit. [14:13] Doug explains Infinite Banking. [20:45] What happens if you do a real estate deal and the real estate deal goes bad and you lose the money? [25:42] Doug talks about capital gains and the application of taxes on that. [33:50] What's one piece of advice you want to give the listeners? [35:14] Best book you've ever read? [35:45] Favorite tourist attraction. Contact Website: peacockwealthgroup.com
Key Takeaways We get humbled by our breakdowns in a very positive way. And breakdown is the beginning of breakthrough. If any of our viewers right now are in a breakdown, things aren't working or malfunctioning, screwed up, nasty or bad, that is to be celebrated. There's a thing that talks in your head that isn't you, it's biological. It just talks whether you want it to or not. Stop trying to solve problems through your agitation and start trying to solve problems through your alignment. Accept what you cannot change and to do something about what you can change. My recommendation is for the next 30 days, please just go on an opinion diet, see what happens. You can't separate me from what I'm attracting because I'm not attracting it. I am it. Timeline [00:38] Intro to Podcast [02:10] Intro to episode guest [04:05] One word that describes Matthew personally and professionally. [06:08] Talk about your background and where you come from? [15:08] Matthew talks about the Drunk Monkey. [18:28] What would you say to a person who thinks himself/herself as a failure? [24:43] How does NLP clue in today's business, life and everything that you teach? [31:20] What's your belief philosophy around Law of Attraction and how's that work for you? [35:36] Best Book you've ever read? [35:46] Best restaurant? Contact Website: matthewferry.com
Could you build a multimillion dollar company...go serve a 10 year federal sentence, and get out and start building it all back? Yes, because that is what Mike Morawski has done and it still doing today. This is a story of grit. This story deals with early addiction, getting clarity, and learning how to build a real estate company that controlled over $285 million in transactions over a 30 year period. He fell hard with the Great Recession in 2008, and it went from bad to a 10 year prison sentence. A sad divorce transpired months after becoming an inmate. Mike went through depression until another inmate said he had to get his act together and to not waste time regardless of where he was. He began to use his time for planning to come out for his big do over and rebuild. Mike hit the ground running when he was released. He is now an entrepreneur, author of the book "Exit Plan", real estate trainer, public speaker, and Chief Investment Officer of two multifamily hedge funds. He has coached hundreds of people to fulfill their dreams in the real estate world. It would have been easy to give up at any point along the way. You can really feel Mike's story as he walks us through his journey. If you like an old fashion comeback story of grit, overcoming, and tenacity then this episode is for you.
Key Takeaways 80% of all profit being generated in real estate in the last 10 years is simply tied to things that have nothing to do with properties and even nothing to do with markets. The best days of multifamily are behind us. I don't have any data that suggests that the best days of multi-family are ahead of us. By speaking relatively, I think multifamily's still up there, but it's best days are unquestionably behind it. I believe that going forward, multi-family is likely to track with inflation. Inflation is simply a tax on savers. Inflation is a deliberately designed mechanism designed by the banking system to dilute the value of your dollars. The reserve currency of the world is not a privilege. It is a burden. And if you don't understand why it's a burden, then you need to do some research and understand that it is a burden. Technology tends to basically have an impact where it drives down rates and we are entering an extraordinary new phase of technology, which will make the last 30 years look like child's clay. Timeline [00:39] Intro to Podcast [02:05] Intro to episode guest [02:57] One word that describes Neal personally and professionally. [04:20] Neal shares about his background and what he is up to. [06:21] Neal talks about the ghost of macroeconomics. [10:14] So explain a little bit or what's your perspective right now of where we are, where we've come from and where we're going? [17:57] Explain what inflation is and where it's at today? [25:31] What do you do to do multi-family and operate in the disparity of everything that's going on? [34:28] How to get ahold of Neal and what he can do for you. [36:23] What 's the best tourist attraction you've ever seen? [37:01] Best restaurant? [37:30] Last nuggets from Neal Contact Google: Neal Bawa (He is the only one)
Mike Morawski is a 30+ plus year real estate investment professional who has controlled over $285 mm in real estate transactions and syndications. A real estate investment consultant, trainer & coach, author & public speaker. He is experienced in residential, multifamily sales, investing & property management. Michael has a strong personal resilience and a deep desire to help others live an 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 the life of their dreams. What you will learn in this episode: Why Mike joined a real estate mastermind despite already being a successful investor The importance of surrounding yourself with people you can learn from Mike's journey in real estate, including a 10-year federal prison sentence Why Mike wrote his book, Exit Plan: A Complete Guide to Multifamily Investing and Why You Need an Exit Plan to help people learn to maximize their profit What's next for Mike, including a move into group coaching Resources: My Core Intentions Website Mike Morowski on LinkedIn My Core Intentions on LinkedIn www.smartrealestatecoach.com/exitplan Additional Resources: Everyone is always asking us, “How is it possible to buy real estate without using my own cash or credit?” With decades of combined experience in real estate, we've perfected the process of investing creatively. We want to share as much as we can with you, which is exactly why we're running this FREE workshop! If you're thinking about leaving your job, escaping the W-2 lifestyle, and starting on the path towards creating generational wealth — this is for you! To register, just visit: smartrealestatecoach.com/pcws. Schedule a free strategy session with us. This is an opportunity for you to have an honest conversation with our team about your background, investment goals, and create some action steps toward creating the life of your dreams. Together we'll discover where you are, where you want to be, and what's in the way. Just visit: smartrealestatecoach.com/action. Our free Master's Class is the ONLY webinar where you're given the exact techniques we use in our family company to buy and sell homes every month — all across North America and ALL on TERMS! Register by visiting: smartrealestatecoach.com/mastersclass The Wicked Smart Investor's Toolkit is a great way to dip your toe in the water of buying properties on terms. Here you'll receive seller scripts, our investor blueprint, be able to listen to live calls, and much more! Enroll for free at smartrealestatecoach.com/tools The Quantum Leap System has everything you'll need to start buying and selling on terms (without banks and without your own money or credit), launch & scale a business that fits your goals, and strengthen your mindset so you can follow the proven path to becoming a successful real estate investor. You can learn more by visiting: smartrealestatecoach.com/qls. For additional information on lead generation, funding, mindset coaching, legal assistance, virtual staffing, and business growth, visit the Investor Resources section of our website at: smartrealestatecoach.com/resources. Lastly, don't forget to grab a discounted ticket to our next event! Visit: smartrealestatecoach.com/summit50
Have you ever found yourself staring down the face of adversity? Mike Morawski has, and in this episode, he shares his incredibly inspiring, if not harrowing, journey with us. Mike Morawski is a 30+ year real estate investment veteran who has controlled over $285M 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 extraordinary lives. He is also the host of Multifamily Unplugged - A weekly real estate podcast that streams every Saturday at 10 am CST. Mike has coached hundreds of real estate investors to fulfill their dreams. Mike shares how a few bad business decisions resulted in catastrophe, landing him in Federal prison for 10 years after his investors lost millions of dollars. He opens up about his experience and how he was able to pick himself up and charge forward to success even while facing challenges along the way. HIGHLIGHTS FROM THE EPISODE 00:00 - Coming up 00:11 - Intro 00:50 - Welcome Mike to the show 01:56 - Mike talks about his background 07:08 - His experience in buying properties 09:00 - What keeps him going 10:00 - Difficulties he faced 11:08 - Why was he imprisoned 13:16 - How did he recover from that 18:17 - The definition of success changed over time 21:41 - Limitations in deals because of his background 25:26 - How he would start his journey over 28:52 - Book recommendations 30:47 - Technology or tool he would recommend 32:44 - Connect with Mike LINKS FROM THE EPISODE Insider Secrets Podcast: https://mycoreintentions.com/cat/podcast/ Book Recommendation: Exit Plan by Mike Morawski https://mycoreintentions.com/product/exit-plan/ Book Recommendation: Millionaire Real Estate Investor by Gary Keller https://amzn.to/3UGZ82U Email Mike for access to his deal underwriter Our favorite deal analyzer - DealCheck (PROMO CODE: UNDOOR): https://dealcheck.io/?fp_ref=n8m28 CONNECT WITH THE GUEST https://mycoreintentions.com/ Insider Secrets Podcast: https://mycoreintentions.com/cat/podcast/ @mikemoraswki on all social platforms Mike@MyCoreIntentions.com CONNECT WITH THE HOST Nathan Murith is a husband, father, technologist, remote real estate investor, coach, and podcast host. Get in touch with Nathan: https://undoor.com/links --------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, comment: http://thegentleartofcrushingit.com/
The AGC Experience podcast features our AGC Talks speakers sharing their message in an audio podcast that you can listen to from anywhere. Listen in to our recent AGC Talks featured guest. Listen as Mike Morawski shares Life after the Fall a motivational talk with AGC Indiana November 2021. I will tell my story of building a $100 mm company and losing it all. Going to Federal Prison on a 10 year sentence. The lessons I learned and the restoration after. Learning Objectives: Not to grow too fast Not to be undercapitalized Not to be over leveraged Pay attention to the details Speaker Bio: 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. AGC Accelerated Global Connections is a business networking organization that helps connect business professionals globally through in person networking, motivational talks, and online social profiles. To learn more about AGC and membership in this growing organization. Visit https://www.joinagc.com/
Kingdom Capitalists : For Christians Called to Start and Scale Successful Businesses
Guest bio: 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.Follow Mike on LinkedinFacebook Page
Welcome to The Freedom Investing Podcast!We share tips from experts on investing in personal finance and mindset so that you can finally have the freedom to work less and live more. Hosted by Kris Toribio.The Freedom Investing Podcast was created to help everyone regain control over their time and achieve true financial freedom! In this episode, I talk with Mike Morawski, who is a 30+ year real estate investment veteran and has controlled over $285M 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 extraordinary lives. He is also the host of Multifamily Unplugged - A weekly real estate podcast that lives streams every Saturday at 10 am CST. Mike has coached hundreds of real estate investors to fulfill their dreams.Join us for our new episode as we explore ways to help you live the life you deserve! Subscribe to my Youtube channel, so you never miss an episode! Visit www.freedominvesting.com to see how we can help you!
Tune in as guest Mike Morawski shares his journey of restoration, after being sentenced to 10 years in federal prison, stemming from 3 surprisingly common mistakes in this business: rapid growth, high-leverage, and under-capitalization.Multi-family group investments (aka syndication deals) are excellent vehicles for the generation and preservation of wealth. However, the private placement industry is tightly regulated under federal securities laws intended to protect investors. As such, syndicators must operate within the guidelines set forth by the SEC.In this episode, we discuss the very real consequences of making critical mistakes in this business. We also talk about the importance of not letting your past define who you are in your business and in your personal life. --About the guest:Mike is a 30-year real estate investment veteran, entrepreneur, author, real estate trainer, public speaker, and personal coach, who has coached hundreds of real estate investors. In 2005, Michael started a private equity firm, raising $18 mm in private equity with $60 mm in AUM. He also 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. Connect with Mike Morawski: FREE book: MyCoreIntentions.com/FreeEmail: mike@mycoreintentions.comLinkedIn: https://www.linkedin.com/in/michael-morawski/Facebook: https://www.facebook.com/mycoreintentionsTwitter: https://twitter.com/CoreIntentionsInstagram: https://www.instagram.com/mycoreintentions/ --Episode Highlights✔️ How to avoid critical mistakes when starting your real estate investing business✔️ The 3 major missteps to avoid: growing too fast, being overleveraged, being under-capitalized✔️ Not letting your past define your future✔️ Why multi-family is a better vehicle for wealth than single-family--❓ WANT TO LEARN MORE?Apartment Syndication FAQ Reference Sheet
You better buckle up for this episode of Cash Flow Pro! We are excited to talk with Mike Morawski, entrepreneur and founder of My Core Intentions. Mike has thirty years of experience in the real estate business, and before that, he owned his own residential general contracting company. Like every entrepreneur knows, life was all hands on deck. He constantly worked on marketing, sales, contracts, and bookkeeping, eventually leading to burnout. At this turning point, Mike took a year break where he decided to turn to real estate investing and started hacking houses back when it wasn't mainstream. He sold 125 homes a year before the market shifted, and to keep his team, he pivoted to the apartment business. Today, Mike sits with us and tells us about his fantastic journey's ups, downs, and in-betweens, so we do not make the same mistakes and profit from the knowledge of all his wins. In this episode, we discuss: Learning from successful people How fast growth leads to unstable business Asset management and property management The importance of market diversification and transparency Rising from the ashes Prioritizing health for success Find your flow, Casey Brown Resources mentioned in this podcast: MyCoreIntentions.com https://www.linkedin.com/in/michael-morawski/ https://www.instagram.com/mike.morawski.54/ https://twitter.com/MikeMorawski2
If there is one person who embodies the resilient mindset - it's Mike Morawski. He built a successful contracting business, started a high performing realtor team, and eventually secured millions of dollars for his syndication business. Yet Mike was not immune to the financial crisis that rocked the real estate world 10 years ago. In trying to keep his syndication afloat - Mike chose to shift money around between the investments. Which ended up being his undoing that caused him to serve 8 years in prison. This is Mike's story. How he became a multimillionaire, spent 8 years in prison, and how he found redemption. Links: DealMachine - 7 Day Free Trial (100 Free Skip Traces or 25 Free Mailers) Doorward - Social Media for Real Estate Investors Mike Morawski's Twitter Mike Morawski's website Signup for the Newsletter Contact / Advertising Inquiry
Strengthen your personal resilience and be inspired by successful entrepreneur Mike Morawski's real estate investing experiences and how he thrived despite professional and personal challenges. Tune in to follow his life-rebuilding journey and learn to make tough decisions when needed.WHAT YOU'LL LEARN FROM THIS EPISODE Why transparency is essential in a businessHow to be intentional about changing your life to be betterThe importance of taking responsibility for your mistakesWays you can create strong business relationshipsResources to help you level up your real estate investing gameActionable advice to expand your business and networkRESOURCES/LINKS MENTIONEDMulti-Family Ventures, LLCs, and the 2008 Financial Crisis https://www.pdcnet.org/jbee/content/jbee_2020_0017_0273_0284Exit Plan https://amzn.to/3zZA7riThe 7 Habits of Highly Effective People https://amzn.to/3C609vzSign up here to join the Summit: https://mycoreintentions.com/summit/ Choose one or get all three of Mike's books for free: https://mycoreintentions.com/free/ ABOUT MIKE MORAWSKIMike is an entrepreneur, author, real estate trainer, public speaker, and coach with strong personal resilience and a deep desire to help others live extraordinary lives. He has over 30 years of real estate investing experience and has controlled over $285,000,000 in real estate transactions. Today, Michael's passion is sharing his knowledge and wisdom with others for their gain through his My Core Intentions training and coaching platform. His core principle is to teach his clients how to create “short-term cash flow and long-term wealth” delivered through live and virtual training events and three levels of personal coaching.CONNECT WITH MIKEWebsite: https://mycoreintentions.com/Podcast: https://mycoreintentions.com/podcasts/YouTube: https://www.youtube.com/c/mycoreintentions%20Facebook: https://www.facebook.com/mycoreintentions/Instagram: https://www.instagram.com/mycoreintentions/LinkedIn: https://www.linkedin.com/company/mycoreintentions/Email: mike@mycoreintentions.comCONNECT WITH USGreen Light Equity Group - http://www.investwithgreenlight.com/For a list of Virtual Meetups - Email: tate@glequitygroup.com | chelsea@glequitygroup.com Special Announcement! Tate's brand-new audiobook “F.I.R.E.-Financial Independence Retire Early Through Apartment Investing” is downloadable! Go to: Green Light Equity Group: http://www.investwithgreenlight.com/. Do you have difficulty underwriting deals? Never worry about getting your numbers wrong with Real Estate Lab, a cloud-based platform for investors. Sign up at https://www.realestatelab.com/ using the promo code TAG2 to get 10% off your first 12 months. Automate your acquisitions and underwriting like a boss now!
Join the conversation with Mike Morawski as he shares the lessons he has learned from more than thirty years of real estate investing. Michael “Mike” Morawski is the founder & CEO of My Core Intentions and a 30+ year real estate investment veteran. He has controlled over $285,000,000 in real estate transactions. Mike is also an entrepreneur, author, real estate 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. During this episode, you will learn about[00:28] Episode intro and a quick bio of the guest; Mike Morawski[01:23] Mike's backstory of how he got into what he does in his space[05:35] What he attributes to his quick success in real estate[07:32] How the changing market in 2005 created a need for accelerated strategies[11:07] Safety nets and key metrics for a successful real estate venture[12:25] Mike's poor decisions that led to a 10-year federal prison sentence [13:00] The defining moment in prison[16:31] The experiences Mike got in real estate coaching while serving his term in prison[18:44] Reinforcements and motivations he had to utilize to keep him going[20:55] The investment lesson that Mike will teach forever[22:10] Getting the momentum of a support system that stood with him to rebuild an empire[24:31] Why Mike accepted the responsibility for the failures of the business as a leader[25:46] Book recommendations from Mike[30:05] 5 Key Questions[37:22] How you can reach out and connect with MikeNotable Quotes You should not do a real estate deal until you are at 65% to 75% LTV in that deal. Markets change uncertainly, and you should be able to easily pay your bills when such changes occur. [10:04]Life is a marathon, not a sprint. [11:12]We all have defining moments in our lives at different seasons. At that moment could be in jail. [13:00]Life is all about choices. You can either choose to let time “do you, or you can do the time.” [19:00] If you can personally improve yourself by just 1% every day, by the end of the year, you will have improved 365%. [19:41] Be conservative and humble in both your interactions and actions. [21:30] It's easy to build and grow something if you already have some momentum behind you. A healthy support system. [22:34] What distinguishes people from the hurdles of life is how they perceive them and act after the fall. [23:34]Mike's Book and Other Resources MentionedExit Plan- Your Complete Guide to MultiFamily Investing and Why you need an Exit Plan before you Buy: https://www.amazon.com/gp/product/1952471206/The Winner Within- A Life Plan for Team Players by Pat Riley: https://www.amazon.com/gp/product/0399138390/Journal of Business Ethics: https://mycoreintentions.com/wp-content/uploads/2020/12/MFV17.pdfSteve Jobs Biography by Walter Isaacson: https://www.amazon.com/gp/product/B004W2UBYW/Colin Powell Biography: https://en.wikipedia.org/wiki/Colin_PowellConnect With Mike MorawskiWebsite: https://mycoreintentions.com/
It's amazing what one person can accomplish in real estate with the right opportunities, knowledge and funding. But there are also a lot of rules to follow, and mistakes can have serious consequences. In the case of a real estate syndicator in charge of other people's money, a mistake can land you in jail.That's what happened to the guest in this episode. Mike Morawski is a multi-family syndicator who had a thriving business before the market crashed in 2008. The market turned and he was trying to save his business, but he didn't let his investors know what he was doing. He ended up going to prison for his lack of transparency.It was a rough lesson, but he spent his time wisely in prison, educating himself, and sharing what he learned with others. He has an amazing story of personal resilience, and a deep desire to help other people live extraordinary lives… and stay out of jail. Mike is an entrepreneur, author, real estate trainer, public speaker and personal coach. He has 30 years of real estate investing experience with more than $285,000,000 in transactions. He created the coaching platform My Core Intentions to help train and coach new multi-family investors. He's also the host of the “Insider Secrets” podcast and the author of “Exit Plan: Your Complete Guide to Multi-Family Investing and Why You Need an Exit Plan Before You Buy!”Here at RealWealth, transparency is one of our Core Values. It's something we review each quarter with our employees, and something we go to great lengths to provide to our investors. We do syndicated deals with more of a focus on single-family rentals. We also help investors find individual single-family rental properties. New and experienced investors are welcome.Please join RealWealth. It's free and will give you access to our investor portal and our network of real estate professionals, including our investment counselors. Qualified members can speak with them for free. There's no obligation.Also, please remember to subscribe to our podcast and leave a review! Thank you!
Bouncing back is something all investors need to have the ability to do. Today, Mike talks to us about how he bounced back from 10 years in federal prison to become a nationally recognized speaker, author, and mentor.Timestamps[00:26] Intro[01:47] Mike's Background and investing history[04:23] Mike's investment troubles. How this led to a 10 year sentence in federal prison over wire fraud and mail fraud charges[06:50] Tidbits from how Mike overcame his challenge. And what investors going through similar obstacles can learn. [08:22] Mike narrates one of his defining moments[09:09] The bounce back journey[10:11] Mike's current investment hustle[11:29] The multi-family Real Estate niche, and why Mike is so passionate about it. [12:47] Mike talks about his book; Exit Plan[15:01] Factors to look at when planning an exit strategy; Mike shares a great example on a deal he got in DallasSign Up For Our Free Newsletter where we cover the latest in Stocks & Crypto, Multifamily, and the Nation's Economy: https://perpetualwealthcapital.com/newsletter-signup/Download our free ebook: The Definitive Guide To Building Generational Wealth & Passive Cash Flow Through Multifamily Real Estate InvestingIf you like our content, please give us a rating on the platform you're listening on!Get in touch: Justin@PerpetualWealthCapital.com Let me know what topics you'd like to learn more about.Connect with Mike Morawski;Website; https://mycoreintentions.com/ Free Ebook download; https://mycoreintentions.com/free/ Linkedin; https://www.linkedin.com/in/michael-morawski/ Twitter; https://twitter.com/MikeMorawski2
Mike and Brian were live and the GOB conference in Chicago Il in July 2022 and you catch catch up with the great learning and conversation here.
What's the one thing many people love more than a success story? A comeback story. And today's guest has a great one. Today, I'm talking to Mike Morawski. Mike is a real estate investing veteran with over 30 years of experience. He's the Founder and CEO of My Core Intentions, an author, a real estate trainer, a public speaker, and a personal coach who partners and joint ventures with his students. He's controlled over $285 million in transactions and has learned many valuable lessons over the years. After a few years of incredible success and growth, everything changed in 2008 during the economic crisis. This left Mike in a defensive position. He started scrambling and let his guard down with some poor decisions. Ultimately, those decisions led to a 10-year federal prison sentence for wire and mail fraud charges. So how do you overcome such a terrible time in your life? With resilience and the proper mindset. In this conversation, you'll hear how Mike scaled from one 11-unit deal to managing 4,000 units and $60M in assets in under 30 months and how he lost everything. He shares some great insights on how to shift your mindset, get over your limitations, and avoid making critical mistakes that can set you up for failure as an investor–and much more. This is a great, honest episode, and I'm excited for you to hear it! Key Takeaways with Mike Morawski How Mike turned an 11-unit deal into a 60 and then a 300-unit deal. Why it's on you–and you alone–to change your mindset and get over your self-limiting beliefs. The mistakes Mike made to go from $60M in real estate to losing it all and going to prison. How to design your buying strategy. The common traps real estate investors fall into. How to underwrite and stress test your deals. How Mike grew way too fast, did too many deals, and lost everything–and how to avoid making the same mistakes he made. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/289 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com
Jumping back after losing everything is easier said than done, but never impossible. Mike Morawski proves how one can regain profits even after going to prison as he looks back on his own rebirth story. He details to Lisa Hylton how his churn-and-burn approach to real estate eventually landed him in prison. Mike breaks down the lessons he learned the hard way and how he regained his real estate career, became an author, and even taught an ethics course. He also presents practical tips on vetting partners and how he applies his experiences in dealing with single-family homes in today's market.Love the show? Subscribe, rate, review, and share!Here's How »Join The Level Up REI Podcast Community today:lisahylton.comTwitterInstagramFacebookLinkedInYouTube
In today's episode, we welcome Mike Morawski back to the show to talk about how to protect your real estate investments by underwriting conservatively, why you shouldn't leave capital sitting on the sidelines and so much more! 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 extraordinary lives. He has coached hundreds of real estate investors to fulfill their dreams. Today Michael's passion is giving his knowledge and wisdom away to 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. [00:01 - 05:48] From Having a Hundred Million Dollar Company to Losing Everything Mike shares how he got started in real estate, his early success, and losing everything in the 2008 housing crisis Listen to Mike's previous episode here: Mike's lessons in success – Have the right mindset to learn from failure Correlations between 2008's housing market and today's market [05:49 - 13:33] Strategies to Keep Your Assets Protected Protecting your real estate investments by underwriting conservatively Why it's better to underpromise and over-deliver Why a 20% annualized rent raise is unsustainable Sitting on capital on the sidelines doesn't work and here's why [13:34 - 17:24] Closing Segment Upcoming projects and opportunities that Mike is excited about Reach out to Mike! Need a great start in creating your pathway to success? Download Mike's FREE ebooks at https://mycoreintentions.com/free Final Words Tweetable Quotes “There are lessons to be learned in this success, the loss, and the redemption. Right. So listen, none of us should allow our future to be dictated by our past.” - Mike Morawski “I'm not a real advocate of sitting on capital on the sidelines. It doesn't work for you on the sidelines. I think that there are ways to deploy it, to make it work for you.” - Mike Morawski ----------------------------------------------------------------------------- Connect with Mike Morawski Website: https://mikemorawski.com IG: https://www.instagram.com/mike.morawski.54 Twitter: https://twitter.com/MikeMorawski Facebook: https://www.facebook.com/mike.morawski.54 Connect with me: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook LinkedIn Like, 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 Want to read the full show notes of the episode? Check it out below: [00:00:00] Mike Morawski: Well, if you're an investor and you're looking for an investment be in rent growth product. Because I conservatively underwrote this deal in Florida. And I said, okay, my one bedrooms, I'm going to be able to raise the rent 150 bucks a door. My two bedrooms, 250 bucks a door. That's pretty conservative. [00:00:18] Considering my property manager is just whipping units. Now at double. [00:00:23] Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. [00:00:35] Sam Wilson: Mike Moraski is an entrepreneur author, real estate trainer, a public speaker and personal coach with strong personal resilience and a deep desire to help others live extraordinary lives. Mike welcome to the show. [00:00:47] Mike Morawski: Hey Sam, thanks for having me back [00:00:49] Sam Wilson: Hey man, it's a pleasure. It's absolutely a pleasure. You came on this show. This was episode 197, which I can't believe it's been that long, but that was published June 14th, 2021. So by the time this airs, it'll probably be [00:01:03] Mike Morawski: almost a year. [00:01:05] This one going to be? [00:01:06] Sam Wilson: I have no idea. It'll be somewhere 520-550. We just put them all in the, I don't know, they go in the queue, man. I'm not the one that handles that on my team, but yeah, it'll be somewhere in that neighborhood, but it's awesome to catch back up. I ask every guest who comes in the show. [00:01:22] So just in case our listeners didn't get a chance to listen to that episode. First in 90 seconds or less, tell me where you started, where you are now and how [00:01:29] Mike Morawski: you got there. Absolutely. I started in real estate sales, selling hundreds of houses. I went into the apartment business, built a hundred million dollar company through a syndication and a property management company. [00:01:44] I lost everything as a result of the 2008 debacle wound up on a 10 year federal prison sentence, serving eight of those 10 years behind a wall. And today I'm home in the coaching and training business. Teaching people, how not to make those same mistakes, how to live a balanced quality lifestyle and increase their business profitability and bottom line. [00:02:07] Sam Wilson: And for those of you, again, if you haven't gone back or you haven't heard Mike story, it's a good one. So go back and listen to his story. I don't think he holds anything back, which we certainly appreciate. I know it's a humbling story for you to tell, but it's also a story of redemption and yeah, I think it's a great story. [00:02:24] So appreciate you always being so vulnerable and sharing that. So [00:02:26] Mike Morawski: what I want to say though about that, Sam is I do share that story openly and vulnerably. I believe that there's hope and inspiration in my journey. And I also believe that there's lessons to be learned in this success, the loss and the redemption. [00:02:41] Right. So listen, none of us should allow our future to be dictated by our past. Don't look in the rear view mirror, look out the windshield and [00:02:49] Sam Wilson: move forward. Yeah. And nobody can drive a car, looking out the rear view mirror. That's a bad way to get down the road. When you say lessons in success that you share with your coaching clients, what does that term even mean? [00:03:01] Mike Morawski: Lessons in success. You know, I think that there's success in the failure. Right? Cause it's not that I failed. It's not that I lost everything. I just learned a different way of not doing something. Right. If you take a look at Thomas Edison, when he created the light bulb, you know, the comment is, Hey, I just learned 10,001 ways that it wasn't going to work. [00:03:21] Right. So I kind of look at it the same way. I built a heck of a big business. I built it really fast over leveraged under capitalized and very unstable. And if you can, as an entrepreneur, get your arms around those three things and then pay attention to the details and listen to people around you. I think as an entrepreneur, you can knock it out [00:03:45] Sam Wilson: of the park for yourself. [00:03:46] What do you see if any correlation between 2008 and where we are now in the market? [00:03:55] Mike Morawski: You know, I see a lot of similarities. I see some edginess in the banking industry where they're starting to float some loan programs out there. You know, I had something come across my desk the other day that said, Hey, 85 to 90% LTV on your $5 million multifamily deal. [00:04:16] And I thought to myself, man, you guys should be put out of. I honestly thought that. That was the first thought that went through my mind. And because that was one of the things that got me in trouble, I had $60 million worth of real estate that I was over leveraged on. I don't think anybody should be buying a piece of real estate in today's environment unless they're 65 to 70% loan to value. [00:04:40] If you are chasing rents right now and raising rent rates at unprecedented underwrite. Stop it go back and take a look at, you know, be conservative. This market's going to change. There's going to be a shift. You know, I see a lot of people growing really fast, buying big assets for lots of money and buying multiple assets for lots of money. [00:05:04] One of the things that caught me was I grew too fast. This is a marathon. It's not a. And I think that if you're not looking at those things, you know, there's going to be a change in the housing market. We're going to see foreclosures appear. Like we haven't seen them in the last seven or eight years, but they're coming back. [00:05:24] I have some friends that are. In that space in the residential foreclosure space attorneys that deal with the banks. And there is a backlog right now. So when they open these flood gates, there's going to be some challenges. Will it affect the commercial real estate space? Like it did last. You know, Sam, I don't know, but last time I didn't think it was going to affect the commercial real estate space either. [00:05:48] Sam Wilson: Yeah, I'm with you. There's a lot of obviously uncertainty. A question I always like to ask guests on the show is what's something you're curious about and more often than not. And I probably don't ask it as much anymore because the answer is always like, I'm just curious and is, you know, what's going to happen with all of this. [00:06:04] I mean, we've printed just an unbelievable amount of money. So obviously asset prices are rising. Inflation is going nuts. I mean, where does this end? And you can listen to two schools of thought. There's one school of thought that says, Hey, we have a massive crash and we have massive deflation. And there's the other school of thought that says no, just to be runaway inflation. [00:06:20] Like neither one of them is good. Nobody's saying, oh, there's a bright rosy future ahead. So, you know, that's not the story I'm hearing from either camp, but I'm really curious for you. What are you guys doing? Cause you mentioned here, you know, growing really fast, was it maybe a mistake you guys had made you were over levered, the high LTVs bad loans, you know, loans that were written with terms that no one could comply with, unless everything just went along perfectly. [00:06:44] What are you guys doing right now to make sure that your protected [00:06:48] Mike Morawski: underwriting conservatively. Let me give you an example. We just bought a deal in Tampa, Florida, 40 units. We actually closed down it, you know, a couple of months ago. One of the things in our underwriting process was I did not want to come out with these extravagant numbers. [00:07:03] Like we were going to hit 20% on investor's IRR with a 12 or 15% cash on cash return. Right. I think those numbers are. The sponsors that are putting that stuff out today, need to pull back on the reins. I just did a passive webinar where we brought some investors in, you know, we had about 80 people online and I said, look, I said, one thing that I'm very conscious of today is how do we look at these numbers? [00:07:30] Spreads. I think as an investor, you should be looking at six to 8% cash on cash return. And you should be looking at a 13% higher if you're seeing stuff that's higher than that, I'd really be concerned because I think the market's going to change so much that it's going to cause instability. Sam, you said it hit the feds, just raised interest rates. [00:07:49] Again yesterday you got gas. That's at seven bucks a gallon on the west coast. It's at five bucks a gallon in the middle. You got bread and milk and eggs that are more money and you can't get lumber fast enough. Right? Where's the market going to go, but here's what I'll tell you. On the other side, how do you hedge against that? [00:08:06] Well, if you're an investor and you're looking for an investment, be in rent growth products. Because I conservatively underwrote this deal in Florida. And I said, okay, my one bedrooms, I'm going to be able to raise the rent 150 bucks a door. My two bedrooms, 250 bucks a door. That's pretty conservative considering my property manager. [00:08:26] Is just whipping units now at double there. So anybody who got involved in that deal is going to see a much better return on investment that changed the numbers to like a 20% higher or it's just silly money. [00:08:41] Sam Wilson: It's silly money. And I guess the idea is that you underwrite it. In the potential worst case scenario, I guess that's what I'm hearing. [00:08:51] Cause know, Hey, if you promise investors a 6% cash on cash and that's what you delivered. Okay. You know, no one can get upset, but if you promised them 15 and you gave him six, then everybody's upset. I mean, is that the idea behind that? Or is there. [00:09:05] Mike Morawski: Yeah. I'd like to under promise and over deliver for sure. [00:09:08] And does that mean that I'll get as many investors as fast as I possibly could if I was promising a 20% sure because people are still of the old school, but I have friends that have been in the business 25, 30 years. Doing the same thing and they've pulled back so far right now, you know, I got one buddy, they're raising capital and they're paying their investors of 5% preferred return. [00:09:34] And that's it. No equity in the deal. So as an investor, they're going out to the hedge funds. They're going out to the pension funds and they're bringing capital in and they're paying a 5%, no equity in the deal. And they're doing 50% debt, 50% equity. So when you do the math like that, you say, wow, we could probably deliver a better product, a better return. [00:09:56] And of course, those are, you know, A-class products, fresh bill cost a little bit more money, but you can buy this product. Now, when you have those types of terms in your equity investors, there's just safety in that. [00:10:09] Sam Wilson: There really is. That would be for a capital raiser. That would be amazing if I could find capital that just wanted a 5% preferred return, no equity. [00:10:18] That sounds like, you know, monster institutional money that is just desperately seeking yield more than our everyday investors, maybe that you and I [00:10:26] Mike Morawski: work with. Yeah, for sure. And then what you can do is you don't have to. Play around with your exit cap rate, right? I mean, you can say, okay, so if this deal trades out at six in seven years from now, I'm okay. [00:10:39] Right, right. Because if the market shifts enough because to try and keep cap rates compressed at two and 3% right now, You might find yourself in a tough spot, come five, six years from [00:10:49] Sam Wilson: now. Well, that's exactly right. I mean, there's the argument, the cap rates, regardless of where interest rates go, there's this argument that cap rates will still stay low. [00:10:58] Even if the cost of capital is greater than what you're going in. Cap rate is because they have the potential to value add they have the potential to raise rents. They can do all this stuff that will then inflate that cap rate, obviously to a number that makes sense upon stabilizing. If I even said that correctly, and if I didn't, you can get on here and send me a snide remarks on YouTube. [00:11:18] You know, even with that, there comes that other market dynamic that I think people are missing, which is can the people afford the higher rent. Can they afford the per square foot price in a building? That's more, I mean, at some point, if the economy takes a complete bath, people just, aren't going to have the liquidity to go out and just keep paying a 20% annualized ramp up. [00:11:40] Does that sound fair? [00:11:41] Mike Morawski: And that's what happened to the US. Last time jobs got lost businesses got closed. People moved home, people moved out, they doubled. My occupancy dropped. My NOI ran wild off the chains and I couldn't pay my bills. And we went back with some deals, mitigated with the banks, got lower interest rates, got principal knocked off, you know, and it still wasn't enough and couldn't do it on every deal. [00:12:06] But we tried on a few animals. Testing the water. It didn't even work. Then this goes back to, you know, if you've got a cap rate on a deal right now, that's a terminal cap and you've projecting, you're going to get out of this deal in six years at a three or a four. And that thing runs wild and you're at a six and five years from. [00:12:25] You're screwed. Right. You know, so except for the guys that stood by and said, Hey, you know, I'm going to buy some of this stuff when it goes crazy again. Right. [00:12:34] Sam Wilson: Right. Which is another option. It's tough. I'll tell you. It's really tough to sit with. I call it dry powder, have dry powder on the sidelines, especially when we're watching the value of that dry powder. [00:12:46] Just dissipated at incredible. Great, you know, year over year, what publishing 7% now, which I think is the fraudulent number. Anyway, it's probably north of 10 to 15. And if they're being really honest on an inflation rate, so that's tough to do, you know, to hold capital, you guys taking that approach on anything. [00:13:02] Mike Morawski: Yeah. You know, I'm not a real advocate on sitting [00:13:05] on capital on the sidelines. I think you should. It doesn't work for you on the sidelines. I think that there's ways to deploy it, to make it work for you. But, you know, I'm of the opinion that you have to, you know, keep your capital at work at a quarter of a percent or a half a percent even taking advantage of the overnight swap. [00:13:25] You can't make any money down. Yeah, [00:13:27] Sam Wilson: what have I heard? What did somebody tell me once it scared money? Don't make no money this right. I think that's what you're telling me here. Mike, tell me about something that you are currently excited about. We've talked kind of doom and gloom, worst case scenario. [00:13:42] What's something you go, man. I'm pumped about [00:13:43] Mike Morawski: this summer in the city, Sam. I live in Chicago, summers coming, nothing like a bike ride on the lakefront. Nice hot summer day in the sun, watching the boat. [00:13:55] Sam Wilson: That sounds great. Chicago is one of my favorite cities, especially there, along the lake shore. That's a pretty place to be. [00:14:00] Mike Morawski: She come out, hang out one weekend and we'll find some fun things to do [00:14:04] Sam Wilson: for sure. Absolutely. We can get into a lot of trouble there in Chicago. Tell me on a business front, what's something that you're looking forward to that you said, man, this is an initiative we're undertaking. Or this is maybe somewhere we see, you know, good opportunity. [00:14:18] Mike Morawski: Yeah. You know, I told you when we jumped on this morning that I'm getting my arms around this again, and you know, I'm raising capital to do deals and, you know, I had another investor make a commitment this morning and that excites me right now because I've been out of the game for a while. But now back in the game, Helping other people grow their multifamily business and then partnering with them as well. [00:14:42] It's just been a great venture for me to get back into. Like my one buddy says to me all the time he goes, man, I know you're going to knock it out of the park. And you know, that's not the objective or the goal, the objective. And the goal is really to help other people grow. And for them to knock it out of the park, Zig Ziglar always said that if you help enough other people get what they want, you'll ultimately get what you. [00:15:06] But for me, the exciting thing is to raise capital today. And you know, my goal this year is to raise a couple million dollars in capital and buy another 500 units for our group to push the envelope forward a little [00:15:17] Sam Wilson: bit this year. I love it. Mike, thank you for taking the time to come on today. I don't know if we got a chance last time to chat about your book. [00:15:25] I think that's behind you. Exit plan is your book. Isn't it. [00:15:28] Mike Morawski: I wrote exit plan because everybody, all the trainers and coaches, some great trainers and coaches in the marketplace that I've learned from, even everybody teaches you how to buy a deal, find a deal, get in a deal, operate it. Nobody teaches you how to get out. [00:15:43] Nobody teaches you where to maximize your. Your guests could go download a free copy of that book. They can go to my website at mycoreintentions.com/free and grab a copy of Exit Plan. There's a couple other things out there that they could explore Multifamily Fundamentals. And if you're a passive investor, 27 Must Ask Questions of a sponsor, jump in. [00:16:08] It's a great game. It's really growing and I don't see any reason to not stay really connected and involved over the next several years. [00:16:18] Sam Wilson: I love it. Mike, if our listeners want to get in touch with you or learn more about you, what is the best way to do that? [00:16:22] Mike Morawski: Track me down on social media. For sure. I hang out on LinkedIn, Instagram, any place you get your fix. [00:16:29] That's where I'm at. And always trying to throw some great content up there. Even somebody even said to me the other day, man, I can't believe you're even on ticket. But direct message me. I love to network, so message me there, or send me an email@mycoreintentions.com. [00:16:44] Sam Wilson: I love it. Yeah. You're absolutely active on LinkedIn, which is where I spend most of my time. [00:16:49] I'm always like, man, there's Mike again. He's always putting something out there so, well, I certainly appreciate it. Outro: Thank you again for your time, Sam, you have a great day. Thanks. Thanks for listening to the how to scale commercial real estate podcast. If you can do me a favor. And subscribe and leave us a review on apple podcast, Spotify, Google podcast, whatever platform it is you use to listen. [00:17:10] If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.
“Walk with your eyes wide open” and “underwrite cautiously” are just two of the many tips my guest has for you today!From owning 9 figures worth of real estate to finding himself broke, divorced and in prison, Mike shares his personal story from loss to redemption. Now he coaches others so they can learn to become a better syndicator and how to pick and work with only the BEST syndicators out there.Thank you Jonathan Wei of Greystone Capital Group and host of the Building Wealth Through Commercial Real Estate podcast for connecting us!Helpful Resources:Exit Plan EBookMy Core Intentions27 Must Ask Questions For Your Sponsorship TeamConnect with MikeTwitterInstagramLinkedInShow SponsorsSpartan InvestFocus Wealth GroupStay connected with Wealth and Freedom Nexus!Instagram Twitter YouTube www.wealthandfreedomnexus.comWant to support the show? Buy me a coffee or become a Patreon member!As always, be sure to follow, subscribe, rate and share this podcast with other like-minded individuals who are in pursuit of wealth and freedom!Your Future in Sales & MarketingA podcast that can help you make great decisions to get the most out of your Sales &...Listen on: Apple Podcasts Spotify
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/
Welcome back to part two of our conversation with Mike Morawski, a 30-year real estate investment veteran who has had control of over 285 million dollars in real estate transactions, entrepreneur, author, real estate trainer, public speaker, and personal coach. He has also served a 10-year prison term in a federal penitentiary. Join us today to hear how defining moments in his life helped him to move forward and inspire others to do the same. He believes that people are trapped in their own prisons of addiction and abuse, and that the same principles that empowered him to make the most of his time behind bars can help others to turn their lives around. We touch on faith and family before he gets candid about learning to forgive himself and others through the power of understanding scripture. In closing, he offers advice to those navigating the sometimes troubled waters of real estate, reminding listeners that a career is a marathon, not a sprint! Thanks for tuning in.Key Points From This Episode:Introducing our new host: Peter Pomeroy.A re-introduction to our guest, Mike Morawski, a 30-year real estate veteran. His other endeavors as an entrepreneur, author, real estate trainer, public speaker, and personal coach.His career history leading up to starting his firm, My Core Intentions, and The Insider Secrets Podcast.What it was like to serve a 10-year prison term in a federal penitentiary.The story of a defining moment that happened in the gym. Why he believes that people are trapped in their own prisons of addiction and abuse.Why you have to make choices to move forward. The power of understanding your ‘why'.His daily practices in prison and what he has sustained on the outside.The role of his faith and his relationship with God, and the Zoom Bible Study he hosts.How scripture helped him to forgive himself and others.How he partners with people today to help them to find their ‘why'.His advice to investors: slow down, it's a marathon, not a sprint.His advice to those struggling to get motivated: don't let the stuff beat you, get over it, move forward! Where to find Passive Income through Multi-Family Real Estate online.Tweetables:“I believe that if you pay attention, you have more than one defining moment in your life. I have had a couple of them over the years.” — @MikeMorawski2 [0:07:05]“You have a choice and you can either do the time or let the time do you. We can either do this game of life or let it do us.” — @MikeMorawski2 [0:10:47]Links Mentioned in Today's Episode: Exit Plan Michael Morowski on LinkedIn Mike Morawski on TwitterMy Core Intentions Multi-Family Unplugged The Insider Secrets PodcastLimitless EstatesPassive Income Through Multifamily Real Estate Facebook GroupVertical Street VenturesVertical Street Ventures National Conference 2022
Weathering the 2008 market crash is no mean feat, and some fared better than others. Talking to us today about the hurricane he faced when the recession began, and the lessons he learned from the process, is entrepreneur, author, real estate trainer, public speaker, and personal coach, Mike Morawski. Mike started his professional career as a pool contractor, but through a series of events, transitioned into real estate in the early 2000s. We find out how he learned all he could from those who had succeeded, and why he prefers diving right in instead of dipping a toe. We hear how Mike moved from residential real estate into syndicates, and the techniques he used to raise capital and recruit investors. Mike also gets candid about the five big mistakes that he made when building the portfolio: growing too fast, being undercapitalized, being overleveraged, not paying attention to the red flags, and finally, not listening to those close to you. From helpful advice regarding being upfront, and paying attention, this first part of the two-part series with Mike is a fascinating listen. So, to learn from one of the greats, tune in today!Key Points From This Episode:Welcome to Mike Morawski, entrepreneur, author, real estate trainer, public speaker, and personal coach.An introduction to our newest host, Peter Pomeroy.How Mike moved from being a general contractor, into real estate. Why it's important to learn from those who have succeeded.Mike's thoughts on “Dipping a toe” compared to jumping right in. Why Mike moved from residential real estate to syndicates. How Mike raised capital and recruited investors. Who comprised Mike's team, and the five big mistakes he made.The perfect storm: how the crash in 2008 affected Mike's business.The lessons Mike learned from the crash. Where you can get hold of Mike, and what to expect from part two! Tweetables:“I understood that if you go seek out successful people, you model what they do that you could cut your learning curve. You could do a little bit better, a little bit faster, and give yourself an edge.” — @MikeMorawski2 [0:04:57]“I didn't dip my toe in it. I think people need to make a decision, make a choice and just do what they want to do. It gets you there a lot quicker than when we dip our toe in the water to see if it's too cold or too warm, we never make a decision.” — @MikeMorawski2 [0:06:54]“You're not going to grow professionally till you grow personally.” — @MikeMorawski2 [0:12:32]“I want the men to listen to this right now because I'm a firm believer that our wives are a lot smarter than we are sometimes.” — @MikeMorawski2 [0:31:51]Links Mentioned in Today's Episode:Mike Morawski on LinkedInMike Morawski on InstagramMike Morawski EmailMy Core IntensionsPassive Income Through Multifamily Real Estate Facebook GroupVertical Street VenturesVertical Street Ventures National Conference 2022
Imagine building a $100M real estate company, losing it all, and then going to jail on top of it? That's what happened with Mike Morawski, he was sentenced to 10 years in federal prison, charged on wire and mail fraud after transferring funds from one syndication to another without notifying his investors. He discusses his top 5 lessons learned. You can read this entire interview here: https://bit.ly/3KQJYU1 Let's start with the growing too fast mistake. How slow is ideal for you and why? I catch myself sometimes wanting to go do something else, I have to put a pause and not look at deals because we're underwriting a whole bunch of deals right now. We're not willing to pull the trigger yet because we're waiting to get a little bit more down the road with stabilization, we bought our first deal, what we're doing is pausing a little bit. We're doing capital improvements, turning some units, we will get 25-30% of the complex turned, then we'll go do the next one once stabilization processes are underway. Whenever you walk into something, just walk cautiously. I think too often we walk into things with so much excitement, so much vigor and energy that we don't pay attention to the little things, take the blinders off and use your peripheral vision. Moving on to the lawyer issue, if I were to ask a lawyer for some advice, I would follow their advice and think that I'm doing the right thing. Have you implemented something around that? Yes, I became the question guy, people say that I ask way too many questions, and I say it's because I'm curious and I also wanted to make sure that I'm safe. I don't think we should ever be afraid to ask questions, no matter how big or small, and we need to fact check. Just like when a doctor said you had cancer, and you didn't think you had it, you go get a second opinion. I think it's the same thing in the legal profession. When you're held at that higher standard, because you raise capital, or you have somebody else's best interest at hand, you're the fiduciary, and you need to tell them everything. Transparency and communication is more important today. You should have more investor calls, newsletters, written documentation, pictures, and things that the investor can't ever push back and say, I didn't know this. When occupancy drops, call your investors and let them know what you're trying to do to solve the problem. In terms of vacancy, what was it before and what ended up being during the crisis? We would buy properties that were typically low 80s and high 70s in occupancy, people didn't want value add back then. Everybody loves it today. So we would buy these value add deals, and we would turn them around. We actually had occupancy rates in the high 80s, low 90s, 92% is where we averaged. When 2008 rolled around, occupancies dropped back into the high 70s. And it was overnight, and some properties went even further than that. I owned a deal in Anderson, Indiana, when we bought that property it was rated on a list out of of 275 by Money Magazine, the number three city in the country to raise a family, we bought that property, and within nine months it was fourth from the bottom, it was 281. Anderson was in the automobile industry, and those were one of the industries that got hit the hardest in 2008, automotive and transportation. We were heavily invested in markets like that. As a result, businesses went out of business, and people lost their jobs and had to move. I had a property manager call me on a Monday morning from this property in Anderson in tears, saying, I have 30 moving trucks in the parking lot this morning. How do you weather that storm? This goes back to being under capitalized, we didn't have enough money. Mike Morawski www.mycoreintentions.com --- Support this podcast: https://anchor.fm/best-commercial-retail-real-estate-investing-advice-ever/support
How to deal with the worst possible outcome when it comes to real estate investing? Mike Morawski has dealt with the ultimate challenge, he was sentenced to 10 years in federal prison, charged on wire and mail fraud after transferring funds from one syndication to another without notifying his investors. He explains how he has overcome this life changing moment. You can read this entire interview here: https://bit.ly/366pNSJ What happened along the way that was a mistake? What were the CAP rates at that time? I built a $100 million company with 100 employees working for me. We were in five markets around the country with 4,000 apartments. I thought that I had a team behind me that was getting the work done in restabilizing properties, but that wasn't happening. We should have taken a property, got it stabilized, and then gone to buy the next one, but I didn't do that. As an example, in 2007 I closed 17 transactions for 2,700 units, which was a lot of real estate in a quick period of time. I was undercapitalized and didn't raise enough money, I was over leveraged in that I bought all that $60 million worth of real estate at an 85% loan to value. Cap rates were 12-14%, they were a lot higher than they are now. As a matter of fact, I wrote a book called “Exit Plan”, and somebody was reading the book six months ago, and he called me to ask if I really bought that deal at a 13% CAP. I said yes. The funny thing is that I know the investor who just bought that deal with 4% CAP. It just goes to show you where the market is. You had a huge buffer with that high CAP rate, people today don't have that much buffering in case of an additional 10% vacancy rate. Even though you were at an 85% loan to value that CAP rate is pretty high, so what happened after that? I just want to revisit that 85% loan to value, I don't think anybody should be in a real estate deal that they're not at 65-75% LTV. I've been looking at loans today, and some lenders sent me an email saying that they have loans at 80 and 85% LTV and I thought that's suicide. I had all this real estate, and 2008 comes around, it was the worst economic crisis that the country has ever seen. What happened was people started to move out of apartments, the market shifted and we had all this bad paper and foreclosures go to the market. My thought was, people are going to lose their house and they're going to need a place to live. Well, that wasn't what happened. People went home and doubled up, so our occupancies dropped. It was like hitting a brick wall, we started to come off of the rails and unwind as a company. By 2010, my occupancies had dropped and my NOI had dropped as a result of it. We went to some lenders and they helped us re-stabilize deals, but we still couldn't mitigate the storm. I had 38 companies at the time, and I had a number of deals that were very profitable and others that were not as profitable. So I started to take money from my profitable companies and move it into my non profitable companies. And my thought around the whole situation was, this is a recession and it tends to last 18 months. There's a 12% correction in the marketplace, and then it bounces back. Well, this lasted for seven or eight years, it had a 40% correction in the market and people are still affected by it today. I thought if I move money between companies, and when the market comes back, I can put the money back. Did your lawyer tell you that you had to disclose that? Did he get charged for guiding you in the wrong direction? No, that was not ever part of the conversation, and I never thought I was breaking the law. They held me to a different standard because I was a licensed professional / syndicator. Mike Morawski www.mycoreintentions.com --- Support this podcast: https://anchor.fm/best-commercial-retail-real-estate-investing-advice-ever/support
© 2020-2025 Ivy Podcast Discovery LLC
