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
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