Mike Morawski - The Top 3 Fundamentals for Multifamily Investing Success

13/08/2024 26 min Temporada 2 Episodio 27
Mike Morawski - The Top 3 Fundamentals for Multifamily Investing Success

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Episode Synopsis

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: [email protected]

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