What It Takes to Scale Your Real Estate Business with Mike Morawski Pt.2

Jul 21, 2021

This is part 2 of my conversation with Michael Morawski. Mike is a 30+ year real estate investment professional who has controlled over $285 mm in real estate transactions, and syndications. Mike is a real estate investment consultant trainer & coach, author & public speaker. He also has a wide experience in residential, multifamily sales, investing & property management. Michael has a strong personal resilience and a deep desire to help others live extraordinary life through smart, strategic real estate investing. Over his career, Michael has trained and coached hundreds of real estate investors to fulfill their financial dreams and live extraordinary lives.

 

Let’s jump right into this episode and learn more about how Mike was able to scale his real estate business successfully. He’s going to talk about the strategies that he did and the principles he believed in to get to where he is today. Join us and listen in!

 

[00:01 - 07:46] The Right Mindset to Have When Starting Out

• Transitioning from the construction business to real estate
• Learning real estate sales
• Going to the apartment business
• His mindset entering the real estate industry
• Knowing your why is important

 

[07:47 - 18:01] Why You Can’t Operate Out of Emotion

• Starting out with single-family
• Growing the number of units he owns
• Why you can’t fall in love with the deal
• The role of a devil’s advocate in your team
• Getting emotionally involved in deals

 

[18:02 - 27:23] Education is Critical at the Beginning of Your Journey

• Why education is critical if you’re starting in real estate investing
• There are so many teaching platforms out there
• How Mike learned about the basics in investing and finance
• Why asking questions is more important than you think

 

Tweetable Quotes:

 

“What’s your why? You can have a goal [like] ‘Hey, I want to go make more money.’ But let's be specific, and let's figure out why we want to make more money.” - Mike Morawski

 

“Everybody picks a lifestyle. Everybody picks what they want to do. And if you want to do it, you can do it.” - Mike Morawski

 

“If you ask enough and you ask the right questions, you get answers that are logical.” - Mike Morawski

 

Connect with Mike on Facebook, Instagram, and LinkedIn!

 

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me.