Making it right with Mike Morawski - a podcast by Sterling Chapman
from 2021-06-09T19:24:15
Join Rent Roll Radio’s host, Sterling Chapman, with his guest Mike Morawski as they chat about how to avoid overleveraging and why exit plans are always essential. Mike is an entrepreneur, real estate trainer, public speaker, and personal coach with a deep desire to help others live an extraordinary life. Hence, he founded My Core Intentions, a training and coaching platform to help real estate investors and industry professionals excel in their field. Today, Mike shares his journey, from getting into real estate, reflecting on his losses, and making things right by serving others.
In this episode, you’ll learn:
- The importance of capital reserves and stabilizing one property before buying another.
- Physical and economic vacancy, and what drives people out of apartment complexes.
- Which properties to prioritize and where to put your reserves in case of emergencies.
- Government restrictions, stabilization, and the future of multifamily real estate.
- The value of having a vetted sponsor and an exit plan even before things go wrong.
- And much more!
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About Mike Morawski
With over 30 years of real estate experience, Michael “Mike” Morawski has controlled over $285,000,000 in real estate transactions. Mike entered the real estate industry as a sales agent, building a team that produced over $20 mm per year in sales production. Following his success, he started a private equity firm, raising $18 mm in private equity, and acquired $60 mm in multi-family apartments, including 4,000 units in five different US markets.
Mike has always believed that transparency and honesty are central to any successful business and personal life. But when the 2008 economic crisis happened, Mike let his guard down and let his transparency slip. The impact on his company and its real estate holdings left him scrambling to protect the company and its investors. As a result of his poor decisions, his company suffered while Mike faced wire and mail fraud charges, leading to a 10-year federal prison sentence.
While reflecting on his losses, Mike used his time in prison to make a difference. He and his story positively impacted the lives of others both in and outside the prison walls. Now, after founding My Core Intentions, Mr. Morawski helps real estate owners, operators, and other industry professionals make wise, responsible decisions while continuing to grow their businesses and create a profit. He is also the host of the Insider Secrets Podcast and the co-host of Multi-family Unplugged Vidcast.
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Connect with Mike Morawski!
Further episodes of The Rent Roll Radio Show
Further podcasts by Sterling Chapman
Website of Sterling Chapman