Sep 22, 2020
Over a 20 year investing career, Mike Morawski has scaled a multifamily portfolio across Alabama, Texas, and Ohio. He started off as an agent, before transitioning to real estate syndication. The biggest adjustment Mike had to make was locking in on his investment criteria and raising private equity from investors. Initially, Mike took a less conventional path to find private investors. He attended real estate seminars and paid a premium for a sponsorship booth.
Mike also credits his education and mentors as a major key to his success in multifamily syndication. He created My Core Intentions to help educate and mentor other investors looking to grow their own portfolios. In addition, Mike is hosting the first Multifamily Global Summit, a virtual apartment investing event.
In this episode, Mike shares how he made the transition into real estate investing, tips for market selection, raising private equity, and the difference between a mentor and a coach.
Success leaves clues and if you follow and model successful people you will become successful
There's no difference between closing an 11 unit deal vs. closing a 150 unit deal
When you truly come from a place of character, empathy, and integrity, that’s when organic growth happens
My business increased 20% year after year as a direct result of personalized coaching
Partner: Download our Sample Deal Package
CityFeet (commercial real estate research)
CityData (market research)
REIS (commercial real estate data)
On his first deal, he didn’t do enough research and due diligence which taught him what not to do on his next deal.
Buildium (multifamily property management software)
Appfolio (multifamily property management software)
Most Recommended Book:
The Millionaire Real Estate Investor (Gary Keller)
How to Win Friends and Influence People (Dale Carnegie)
Mike Morawski Book (Coming out late September 2020)
Prayer in the morning.
Wish I Knew When I Was Starting Out:
The power of influence and relationships
Best Place to Grab a Bite in Chicago, IL
Mike@mycoreintentions.com (Email for a FREE 60-Minute Coaching Session!)
Multifamily Global Summit (October 15-17, 2020)