Mike Morawski - The Top 3 Fundamentals for Multifamily Investing Success
Description
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
United States
