Tune in as guest Mike Morawski shares his journey of restoration, after being sentenced to 10 years in federal prison, stemming from 3 surprisingly common mistakes in this business: rapid growth, high-leverage, and under-capitalization.
Multi-family group investments (aka syndication deals) are excellent vehicles for the generation and preservation of wealth. However, the private placement industry is tightly regulated under federal securities laws intended to protect investors.
As such, syndicators must operate within the guidelines set forth by the SEC.
In this episode, we discuss the very real consequences of making critical mistakes in this business. We also talk about the importance of not letting your past define who you are in your business and in your personal life.
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About the guest:
Mike is a 30-year real estate investment veteran, entrepreneur, author, real estate trainer, public speaker, and personal coach, who has coached hundreds of real estate investors.
In 2005, Michael started a private equity firm, raising $18 mm in private equity with $60 mm in AUM. He also 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.
Connect with Mike Morawski:
FREE book: MyCoreIntentions.com/Free
Email: mike@mycoreintentions.com
LinkedIn: https://www.linkedin.com/in/michael-morawski/
Facebook: https://www.facebook.com/mycoreintentions
Twitter: https://twitter.com/CoreIntentions
Instagram: https://www.instagram.com/mycoreintentions/
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Episode Highlights
✔️ How to avoid critical mistakes when starting your real estate investing business
✔️ The 3 major missteps to avoid: growing too fast, being overleveraged, being under-capitalized
✔️ Not letting your past define your future
✔️ Why multi-family is a better vehicle for wealth than single-family
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❓ WANT TO LEARN MORE?
Apartment Syndication FAQ Reference Sheet
💡 Interested in learning more about opportunities to partner in deals as a passive investor?
Connect with us!
LinkedIn: https://www.linkedin.com/in/brandon-e-jenkins/
Instagram: @birch_prosper
Website: https://www.birchprosper.com/
Interested in investing with Birch Prosper? Let's chat! Schedule a call with us.
Schedule a 15 min intro call (Calendly link): https://calendly.com/birch-prosper/intro-meeting-15-min-clone
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🤝🏻 ARE YOU AN INVESTOR IN THE DC-MD-VA AREA?
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DMV Apartment Investor Community page: https://www.meetup.com/dmv-apartment-investor-community/
