Insider Secrets Podcast: The Home of Passive Real Estate Investors by Mike Morawski

Mike Morawski & My Core Intentions
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Insider Secrets Podcast: The Home of Passive Real Estate Investors by Mike Morawski

Multi-Family Real Estate Insider Secrets podcasts, featuring passive multifamily real estate investing advice, insights, secret insider strategies, interviews with guest industry experts, and more. For new multifamily 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!

  1. 28 ENE

    Forrest Corral - Strategic Insights for Multifamily Investment Success

    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

    36 min

  2. 7 ENE

    CJ Yamada - Mastering Capital Raising and Follow-Up Strategies

    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/

    31 min

  3. 29/11/2024

    Bethany LaFlam - Building Trust, Partnerships, and Navigating Syndications

    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

    34 min

  4. 12/11/2024

    Mike Morawski - Multifamily Investing Insights on Metrics, Market Shifts, and Tax Strategies

    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

    38 min

  5. 30/10/2024

    Mike Morawski - Business Structures for Success

    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

    18 min

  6. 19/10/2024

    Mike Morawski - Mastering Multifamily Investing

    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

    31 min

  7. 29/08/2024

    Mike Morawski - Multifamily Underwriting 101

    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

    32 min

  8. 13/08/2024

    Mike Morawski - The Top 3 Fundamentals for Multifamily Investing Success

    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

    27 min
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Multi-Family Real Estate Insider Secrets podcasts, featuring passive multifamily real estate investing advice, insights, secret insider strategies, interviews with guest industry experts, and more. For new multifamily 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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