Join the conversation with Mike Morawski as he shares the lessons he has learned from more than thirty years of real estate investing. Michael “Mike” Morawski is the founder & CEO of My Core Intentions and a 30+ year real estate investment veteran. He has controlled over $285,000,000 in real estate transactions.  Mike is also an entrepreneur, author, real estate trainer, public speaker, and personal coach with strong personal resilience and a deep desire to help others live extraordinary lives. He has coached hundreds of real estate investors to fulfill their dreams.   

During this episode, you will learn about

• [00:28 ] Episode intro and a quick bio of the guest; Mike Morawski


• [01:23 ] Mike’s backstory of how he got into what he does in his space


• [05:35 ] What he attributes to his quick success in real estate


• [07:32 ] How the changing market in 2005 created a need for accelerated strategies


• [11:07 ] Safety nets and key metrics for a successful real estate venture


• [12:25 ] Mike’s poor decisions that led to a 10-year federal prison sentence  


• [13:00 ] The defining moment in prison


• [16:31 ] The experiences Mike got in real estate coaching while serving his term in prison


• [18:44 ] Reinforcements and motivations he had to utilize to keep him going


• [20:55 ] The investment lesson that Mike will teach forever


• [22:10 ] Getting the momentum of a support system that stood with him to rebuild an empire


• [24:31 ] Why Mike accepted the responsibility for the failures of the business as a leader


• [25:46 ] Book recommendations from Mike


• [30:05 ] 5 Key Questions


• [37:22 ] How you can reach out and connect with Mike

• You should not do a real estate deal until you are at 65% to 75% LTV in that deal. Markets change uncertainly, and you should be able to easily pay your bills when such changes occur. [10:04 ]


• Life is a marathon, not a sprint. [11:12 ]


• We all have defining moments in our lives at different seasons. At that moment could be in jail. [13:00 ]


• Life is all about choices. You can either choose to let time “do you, or you can do the time.” [19:00 ]


•  If you can personally improve yourself by just 1% every day, by the end of the year, you will have improved 365%. [19:41 ]


•  Be conservative and humble in both your interactions and actions. [21:30 ]


•  It’s easy to build and grow something if you already have some momentum behind you. A healthy support system. [22:34 ]


•  What distinguishes people from the hurdles of life is how they perceive them and act after the fall. [23:34 ]

• Exit Plan- Your Complete Guide to MultiFamily Investing and Why you need an Exit Plan before you Buy: https://www.amazon.com/gp/product/1952471206/


• The Winner Within- A Life Plan for Team Players by Pat Riley:  https://www.amazon.com/gp/product/0399138390/


• Journal of Business Ethics: https://mycoreintentions.com/wp-content/uploads/2020/12/MFV17.pdf


• Steve Jobs Biography by Walter Isaacson: https://www.amazon.com/gp/product/B004W2UBYW/


• Colin Powell Biography:

*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.