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185. Exit Plan Or Prison. Mike Morawski

185. Exit Plan Or Prison. Mike Morawski

FromBetter Call Daddy


185. Exit Plan Or Prison. Mike Morawski

FromBetter Call Daddy

ratings:
Length:
48 minutes
Released:
Dec 13, 2021
Format:
Podcast episode

Description

Mike Morawski and I met at a David Meltzer meetup in Chicago!  Mike is a 30 plus 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.  We talk about what he would do, if he had to do it all over again!
What is the best way to get started in multi-family investing?
What advice would you give a new investor in the multi-family space?
Better Call Daddy: The Safe Space For Controversy!

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 eco- nomic 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.
Due to the market climate, he found himself in a defensive mode operating out of chaos and fear. In an attempt to protect his company’s investors, Mike had to make difficult business decisions. Some of those decisions were handled poorly. As a result of those poor decisions, the company imploded and Mike faced wire and mail fraud charges which lead to a 10-year federal prison sentence.
To read more about his story, you can read the full story in the Journal of Business Ethics titled: Multi-Family Ventures, LLC and the 2008 Financial Crisis: Ethical Decisions Regarding Keeping the Board Informed.

This was a devastating loss of life as he knew it and everything he thought was important and came as a harsh wake-up call.
Mike used his time in prison to make a difference. He worked to receive his college bachelor's degree. Mike developed and taught bible studies, ethics, real estate, and property management classes. Mike served on a prison suicide cadre and was involved in the community outreach program.
The positive impact Mike can have on you comes from learning from his experiences, both positive and negative. Mike offers to be what he did not have during that time - someone to help you make tough decisions when challenges come your way.
Mike’s comeback story will inspire you and open your eyes. Entrepreneurs are often faced with decisions that impact the rest of their life. As Mike experienced, those choices can either be positive or devastatingly negative.
Today Michael’s passion is sharing his knowledge and wisdom with others for their gain. Mike is the host of the Insider Secrets Podcast and the co-host of Multi-family Unplugged Vidcast.
Michael has built My Core Intentions training and coaching platform to help real estate investors and industry professionals excel in their field. His Core principle is to teach his clients how to create “short-term cash flow and long-term wealth.”
Connect with Mike
https://instagram.com/mike.morawski.54?utm_medium=copy_link
Me and my daddy would love to hear from you
podchaser.com/bettercalldaddy
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Connect with Reena
linkedin.com/in/reenafriedmanwatts
Email Reena
reena@bettercalldaddy.com

 
Released:
Dec 13, 2021
Format:
Podcast episode

Titles in the series (100)

Reena loves a story, and she‘s fascinated by the people behind them. In fact, she loves to bring stories to life. Her appetite for storytelling has taken her from the Jerry Springer Show to the legal drama of the courtroom. From influential players to reality stars, nothing is censored here. Reena interviews people whose stories haven‘t been told, at least not through her unique lens, and then gets daddy‘s advice afterward. Whether you have daddy issues or a father who‘s inspired your path, you will be able to tap into my daddy‘s wisdom, wit, and humor at the end of every episode. My daddy has been a guiding light my whole life and there‘s not much he doesn‘t know, as an entrepreneur for forty-plus years, a husband, a loyal son, and my number one supporter. He has learned lots of life lessons along the way and is here to share them with you. It‘s time to reminisce and reflect on the conversations you‘d like to have with your daddy and learn from mine. Come share in some good old fashioned family bonding. There is wisdom from four generations and I’m addressing what happens from childhood to adulthood!