Join Daniel Nickles and Chris Thompson with their guest, Mike Morawski, as they talk about success, losses, and redemption in the real estate business. He also talks about his book that teaches real estate investors about the vital part of a deal no one talks about. If there is one word to describe Mike, it would be tenacious. In this episode, Mike shares his experience selling 78 houses in his first 9 months into real estate; all by relentlessly following fundamentals, basic techniques, and mastered repetition. As the author of the book Exit Plan – Mike also elaborates in this episode what one should learn to do in a deal's highest point of profit.
In this episode you will learn:
About Mike Morawski:
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 strong personal resilience and a deep desire to help others live an extraordinary life. He has coached hundreds of real estate investors to fulfill their dreams.
Michael began as a general contractor in the Northwest Suburbs of Chicago with $5 mm in annual revenue. He sold his company and then took some time off to decide what to do next. Michael entered the real estate industry as a sales agent building a team of agents and support staff that produced over $20 mm per year in sales production.
In 2005, Michael 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. As part of the company's growth, Mike 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.
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