The world often feels rigged. And this episode is a wake-up call to recognize the barriers that exist for those who don’t fit the traditional mold. In this episode, which is a kind of tribute to my dear departed Dad, I recount some powerful lessons from the man who was a brilliant psychiatrist and my biggest champion. He taught me that if something feels off about the environment you’re in, it probably is—and it’s absolutely hella-not your fault. We dare to break into the uncomfortable truth that many workplaces are designed for a very specific demographic, leaving neurodivergent individuals, particularly those on the autism spectrum, feeling excluded. I share three stories in which my Dad imparted to me more than my fair share of his wisdom, and I'm hoping you to can feel empowered. You'll learn that we can advocate for ourselves and others to create a more inclusive work culture. Newsletter Paste this into your browser if the newsletter link is broken - https://www.lbeehealth.com/ Join our Patreon - https://differentnotbrokenpodcast.com/patreon Mentioned in this episode: Sign Up For Our Newsletter Stay updated on all the things! Get added to our newsletter mailing list. Newsletter…
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Insider secrets - Home of the Passive Real Estate investor
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Inhalt bereitgestellt von Mike Morawski. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von Mike Morawski oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.
Multi-Family Real Estate Insider Secrets podcasts, featuring passive real estate investing advice, insights, secret insider strategies, interviews with industry experts, and more. For new Investors and seasoned experts looking to invest in real estate and learn hosted by real estate coach and expert Mike Morawski. Home of the Passive real estate investor!
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131 Episoden
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Inhalt bereitgestellt von Mike Morawski. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von Mike Morawski oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.
Multi-Family Real Estate Insider Secrets podcasts, featuring passive real estate investing advice, insights, secret insider strategies, interviews with industry experts, and more. For new Investors and seasoned experts looking to invest in real estate and learn hosted by real estate coach and expert Mike Morawski. Home of the Passive real estate investor!
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Insider secrets - Home of the Passive Real Estate investor
Key Takeaways Tap into local government programs and economic incentives when approaching complex developments. Get creative with deal structures—there’s no one-size-fits-all in real estate development. Build alignment in values between partners, investors, and community stakeholders before moving forward. Focus on legacy-driven development, not just profit—what you build should serve communities for generations. Don’t underestimate the power of relationships with city officials, planners, and local decision-makers. Keep pushing forward even when the timeline stretches—transformational projects often take years to execute. Episode Timeline [0:00 – 2:30] Mike introduces Katie Kim and previews the episode’s focus on creative development. [2:31 – 5:30] Katie shares her early background and how she entered real estate. [5:31 – 8:30] The Kim Group’s unique approach to development and community engagement. [8:31 – 11:30] How to use TIFs, incentives, and P3 strategies for high-impact projects. [11:31 – 15:00] The long game in development—why patience and politics matter. [15:01 – 19:00] Aligning investor expectations with community needs. [19:01 – 23:00] Real-life examples of transforming overlooked spaces into vibrant assets. [23:01 – End] Katie’s advice for new developers and closing thoughts on legacy-focused investing. Contact Website: Kim Group Social Handle: @katiekim…
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Insider secrets - Home of the Passive Real Estate investor
Key Takeaways Partnerships thrive when built on aligned goals, clear expectations, and mutual respect. Investing in multifamily requires patience, perseverance, and long-term thinking. Mastering due diligence ensures you avoid costly mistakes and make informed decisions. Effective communication is essential for building trust and successful collaborations. Learning from setbacks and remaining adaptable are critical for sustained success. Strong mentorship and ongoing learning accelerate your growth as a real estate investor. Episode Timeline [0:00 – 3:00] Introduction to Roschelle McCoy and Kate Gress and today’s focus on partnerships and scaling. [3:01 – 7:30] Roschelle and Kate's backgrounds and how they entered the multifamily real estate space. [7:31 – 12:00] Importance of strong partnerships and lessons learned from their experiences. [12:01 – 17:00] Challenges in scaling a portfolio and how to navigate them successfully. [17:01 – 21:30] Effective communication strategies for real estate partnerships. [21:31 – 25:00] How mentorship and collaboration drive business growth. [25:01 – 28:00] Key insights on due diligence and market research. [28:01 – End] Final thoughts on achieving long-term success through resilience and teamwork.…
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Insider secrets - Home of the Passive Real Estate investor
Key Takeaways Communication is key in multifamily real estate, and learning industry-specific terminology is essential. Setbacks are just setups for comebacks. Don’t let a failure stop you from moving forward. Surrounding yourself with the right people can drastically impact your success. It's important to find your niche in the industry, focusing on what works best for you. Multifamily real estate is a marathon; success doesn’t happen overnight. Overcoming fear and self-doubt is crucial when taking the first step toward investing. Episode Timeline [0:00 – 2:30] Introduction to Forrest Corral and the focus of today’s episode on multifamily investing. [2:31 – 6:00] Forrest’s background in real estate and how he got started in the industry. [6:01 – 9:00] The role of time in building wealth and why it’s the most important resource for investors. [9:01 – 13:00] Overcoming fear and self-doubt in real estate investing. [13:01 – 16:00] Understanding market cycles and their importance in making successful investment decisions. [16:01 – 20:00] The mindset shift required for long-term success in multifamily investing. [20:01 – 23:30] The significance of mentorship and continuous education in the real estate journey. [23:31 – End] Closing thoughts on taking actionable steps toward success and key takeaways from the episode. Contact LinkedIn: Forrest Corral Company Website: LTL Investments…
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Insider secrets - Home of the Passive Real Estate investor
Key Takeaways Keep your investors engaged by consistently sharing valuable content like market updates and deal insights. Building a robust CRM by consistently adding contacts through networking events, Zoom meetings, and meetups is critical. The best time to raise capital is when no active deals are available, allowing for relationship-building without pressure. Grow your network by making it a goal to meet at least five new people every week through events, meetups, or masterminds. Don’t give up after just a few attempts. Keep following up 7 to 10 times, and even if you don’t get a response, stay consistent. Make sure you stand out and stay top of mind. Episode Timeline [00:03:15] - Mike and CJ discuss the importance of consistent follow-up with leads. [00:08:30] - CJ explains that 80% of sales happen after the seventh follow-up. [00:12:45] - Mike emphasizes simplifying communication for better engagement. [00:18:00] - CJ talks about categorizing leads as “interested, not invested” for future opportunities. [00:22:00] - CJ advises raising capital when not working on a deal to build relationships. [00:25:30] - CJ shares how he engages VIP leads using their preferred communication methods. [00:29:00] - CJ stresses focusing on what you can control and staying consistent. [00:30:15] - Mike wraps up with a call to take consistent action in building relationships. Contact Website: yamadacapital.com Instagram: https://www.instagram.com/cjyamada1/…
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Insider secrets - Home of the Passive Real Estate investor
Key Takeaways Trust is built over time through consistent behavior and open communication. It’s vital in real estate partnerships to inspect what you expect. Enter partnerships cautiously. Align strengths, roles, and long-term goals before committing, as partnerships often last several years. Raising capital isn't enough; successful syndications demand operational expertise to run a viable business. Understanding the SEC rules about soliciting investors and their accreditation is crucial to staying compliant. Preferred returns ensure prioritized payouts but only if funds are available, and they are not guaranteed. Engage legal counsel early in the acquisition process, ideally after a signed LOI but before due diligence ends, to ensure all compliance requirements are met. Episode Timeline [0:00 – 2:30] Opening thoughts on trust and successful partnerships. [2:31 – 5:00] Building trust through consistent communication in business and partnerships. [5:01 – 8:00] Importance of aligning roles and skills in real estate partnerships. [8:01 – 11:00] Pitfalls of casual partnerships and how to avoid them. [11:01 – 14:00] Why operational expertise is more critical than raising capital. [14:01 – 17:00] SEC rules on 506B vs. 506C and the importance of compliance. [17:01 – 19:00] Preferred returns: what they mean and the misconceptions. [19:01 – End] Transitioning from 506B to 506C syndications and final advice for new investors. Contact LinkedIn: https://www.linkedin.com/in/bethanylaflam/ Instagram: https://www.instagram.com/bethany_laflam/?hl=en…
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Insider secrets - Home of the Passive Real Estate investor
1 Mike Morawski - Multifamily Investing Insights on Metrics, Market Shifts, and Tax Strategies 37:52
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…
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Insider secrets - Home of the Passive Real Estate investor
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…
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Insider secrets - Home of the Passive Real Estate investor
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…
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Insider secrets - Home of the Passive Real Estate investor
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…
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Insider secrets - Home of the Passive Real Estate investor
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…
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Insider secrets - Home of the Passive Real Estate investor
Key Takeaways Under promise, over deliver, do a little more than people expect of you. Now is the time to position yourself in front of the next bull run. Small incremental efforts, like making one more call or doing one more rep, can lead to significant long-term success. The current market presents unique opportunities due to increased cap rates and decreased property valuations. Travis's journey from single-family investments to multifamily syndications highlights the benefits of scaling through syndications. Episode Timeline [00:01] – Mike announces the upcoming Multifamily Summit [00:03] – Introduction of Travis Watts from Ashcroft Capital [00:06] – Travis’s investment journey from single-family homes to multifamily syndications [00:11] – Discussion on the current real estate market cycle [00:17] – Potential for wealth redistribution through real estate investing [00:20] – Travis explains the varying conditions in different markets and the importance of staying informed with data [00:25] – Mike emphasizes the importance of efficiency in operations [00:33] – Closing remarks and the importance of diversification in real estate investing Contact Website: https://speakwithtravis.com/…
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Insider secrets - Home of the Passive Real Estate investor
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.…
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Insider secrets - Home of the Passive Real Estate investor
Key Takeaways Success isn't about being the smartest or most talented in the room; it's about the relentless determination to overcome any obstacle in your path. Remember, it's never too late to pivot towards your dreams and find success in uncharted territories. In the journey to success, never underestimate the power of forging connections with potential investors. Utilize social media, lead magnets, and referrals to connect and nurture those relationships into invaluable assets. In the realm of success, transparency reigns supreme. Embrace honesty in your dealings, for investors value openness and the courage to confront challenges head-on. Harness the power of social media, especially platforms like LinkedIn. Share your journey authentically, for in the depths of your narrative lie the keys to attracting the right investors. Prioritize tasks wisely, seizing the dawn to conquer the day. In this rhythm lies the secret to sustained productivity. Timeline [01:01] Intro to episode guest [03:41] One word that describes Gib personally and professionally. [05:17] Gib talks about his background and how he got into the world of capital raising. [14:30] How about a couple of systems that you have in place that you utilize daily, weekly to help you raise capital? [20:45] Mike shares how he gained a massive following on LinkedIn. [24:25] Do you use any lead magnets to attract people to your portal or to lead capture? [25:58] Do you raise capital for other people's deals and how do you pick a sponsor to work with? Contact Website: ironsequity.com…
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Insider secrets - Home of the Passive Real Estate investor
Key Takeaways Life comes down to becoming and being persistent. Focus gave me the clarity to continue to scale the portfolio. You really need to focus on what you as an investor wants, ultimately what your goals are. You can always buy real estate. You can always buy it in any part of the market cycle. You can't always sell real estate. Market cycles have changed dramatically. The decade of from 2010 to 2020, there was no recession. Understand where your market is and what part of the cycle and recession is trying to buy as much as you can. Timeline [01:09] Intro to episode guest [02:56] One word that describes Gino personally and professionally. [05:11] Gino talks about his background. [11:21] What are your top three market choices for the coming year? [16:47] Where do you think we are in the current market cycle? [28:08] Gino shares three tips for closing a real estate deal in today's world. Contact Email: jakeandgino.com…
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Insider secrets - Home of the Passive Real Estate investor
Key Takeaways Industrial is the backbone of our country, really of the world. Everything is made in an industrial building. Companies are coming back. It's called onshoring or reshoring where what they used to do overseas; they now need to do locally. Real estate is a leveraged business for the most part. You've got to have your back office. In my case, I've got two guys in my back accounting office that have been with me for 20 years. Timeline [02:24] Intro to episode guest [03:41] One word that describes Joel personally and professionally. [06:220] Provide a brief overview of your background, detailing your journey over the years, from your initial steps to your current role at Brit Properties. [15:50] Do you just own your buildings and take care of all the maintenance and issues or are your tenants triple net tenants? [20:04] So we have said that real estate's a leveraged business. Isn't your IRR or your return to your investors higher with debt on the property than it is when you're all cash? [30:35] Let's discuss the real estate market briefly. Given that 2023 hasn't been an ideal year for real estate purchases, what has been your experience, and what are your insights on where the markets are headed in the next 12 to 24 months? Contact Email: joel@britproperties.com…
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