Finding Faith in Failure: A Real Estate Entrepreneur's Path to Renewal and Resilience with Mike Morawski

Seek Go Create - The Leadership Journey for Christian Entrepreneurs, Faith-Based Leaders, Spiritual Growth, Purpose-Driven Success, Innovative Leadership, Kingdom Business, Entrepreneurial Mindset, Christian Business Practices, Leadership Development, Imp

Do you yearn for the ability to triumph over obstacles and cultivate unwavering strength when faced with adversity? Are you searching for a way to navigate challenges and emerge stronger than ever before? Look no further, as our guest, Mike Morawski, holds the key to unlocking resilience and personal growth. In this episode, he will provide the solution you've been seeking, enabling you to achieve the profound outcome of conquering challenges and building resilience. Get ready to transform your approach to adversity and embrace a future filled with boundless resilience and personal growth.

"Success leaves clues. Build relationships, value connections, and never underestimate the power of your work ethic." - Mike Morawski

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About Our Guest:

Mike Morawski, an experienced real estate entrepreneur with over 30 years in the industry, is no stranger to challenges. Having navigated through the rough waters of the market and experienced personal setbacks, Mike has generated and controlled real estate transactions exceeding 285 million dollars. A strong networker who believes in forming genuine connections, he emphasizes the importance of building relationships rather than seeing people as transactions. His resilience and passion have fuelled his multifaceted career as a public speaker, author, and the host of the Insider Secrets podcast.

Reasons to Listen:

• Immerse yourself in the art and science of multifamily real estate investing, empowering you to climb the ladder of success and growth.
• Discover how businesses and lives flourish with the potent combination of networking and genuine relationships.
• Foster an unstoppable attitude to all challenges, cultivating resilience and triumph in adversity.
• Comprehend the significant impact personal transformation can have on your business relationships and career trajectory.
• Ignite a lifetime love for knowledge, propelling both your personal journey and professional accomplishments.

Episode Highlights:

00:00:00 - Overcoming Challenges in Business and Life,

Mike Moroski shares a powerful message of not letting others take away everything you have worked for. He emphasizes the importance of resilience, passion, and knowledge in overcoming challenges in business and life.

00:00:41 - Introduction to Mike Moroski,

Tim Winders introduces Mike Moroski, a real estate expert with over 30 years of experience. Mike is a trainer, coach, public speaker, and the host of the Insider Secrets podcast. He shares his elevator pitch and highlights his role as the chief investment officer for a multifamily hedge fund.

00:02:06 - Networking Strategies,

Mike discusses his love for networking and reveals that, despite being an introvert, he enjoys connecting with people and building relationships. He emphasizes the importance of intentionality and genuinely getting to know others, rather than focusing solely on personal gain.

00:07:21 - The Evolution of Networking,

Mike reflects on his early years in real estate and acknowledges that he initially had a transactional mindset, seeing people as potential dollar signs. However, as he gained experience and wisdom, he realized the importance of building deeper relationships and connecting with others on a personal level.

00:11:28 - The Significance of Relationships in Real Estate,

Mike highlights the difference between transactional real estate and the multifamily sector. In multifamily investing, building relationships and trust with all parties involved is crucial for successful and long-lasting deals. He emphasizes the importance of connecting with people.

00:14:01 - Transitioning from Chicago to Arizona,

The guest expresses his desire to leave Chicago and move to a warmer climate like Scottsdale or Vegas. Tim mentions that he and his wife are looking at the Casa Grande area in Arizona for their winter travel plans.

00:14:10 - Building a Development in Grande,

The guest reveals that they are currently building a development in the Casa Grande area.

00:14:37 - Redefining Success and Pivotal Moments,

The guest shares his journey of becoming an entrepreneur in the construction business in 1983. He experienced significant changes in his life in 1990, which included his father's murder, becoming a Christian, and getting sober. These events shaped his perspective on success and led him to sell his construction company and venture into real estate.

00:16:14 - Learning from Successful Mentors,

The guest talks about how he learned from a successful real estate agent and duplicated his business model, leading him to sell 78 houses in a year. He emphasizes the importance of finding success leaves clues and credits his mentor for guiding him to achieve high sales numbers.

00:17:30 - The Pitfalls of Being a Hard Worker,

The guest reflects on how his work ethic and focus on his career resulted in damaged relationships and marriages. He acknowledges the need for a balance between work and personal life and highlights the importance of not neglecting relationships.

00:28:25 - The Downfall of Business and Relationship,

Mike's business started to go sideways while he and his wife were both sober and involved in a twelve-step program. He didn't communicate with his wife about his business, which led to misunderstandings. Mike started drinking again, feeling like his life was a mess, and questioned how this could happen.

00:30:57 - What Mike Would Have Done Differently,

Looking back, Mike realizes that he should have had better quiet time and listened to God and the people around him. He shares an example of dismissing red flags raised by his wife and legal counsel. He regrets not choosing the right partner and ignoring the advice of those close to him.

00:34:38 - Life in Prison,

Mike describes his experience in prison, feeling like his life was over and losing everything he had worked for. His wife divorced him, and he struggled with anger towards God. However, a conversation in the gym with a young man inspired him to start working out, write books, get a degree, and teach others while in prison.

00:37:56 - From Prison to Redemption,

After leaving prison, Mike initially planned to coach and train others but unexpectedly found himself back in the real estate industry. He shares how someone's comment during a podcast made him reconsider raising capital again. Despite his past mistakes, people saw value in his experience and knowledge.

00:40:46 - Dealing with Shame,

Mike admits feeling shame and self-hatred related to his failures and time in prison.

00:43:10 - Mike's Transformation,

Mike shares how his encounter with Jesus changed his heart and made him more open and compassionate towards others.

00:43:59 - Contrasting Personalities,

Mike reflects on how he used to be focused on money and didn't care about people, but now he genuinely cares and wants to help others grow.

00:47:18 - Changes in Business Approach,

Mike discusses how he has become more conservative in his underwriting and pays attention to details. He is more involved in asset management and transparent with his partners.

00:49:58 - Balancing Push and Pause,

Mike talks about the importance of working harder in the current market environment, but also taking time to pause and evaluate deals. He emphasizes the need to buy based on existing numbers and not projected values.

00:51:26 - Economic Outlook,

Mike sees some similarities to the 2007-2009 crisis but believes the market will have a soft landing. He mentions concerns about political behavior but is excited about the opportunities for growth and building a future.

00:58:24 - Introduction to Podcasts,

Mike Morawski discusses his two podcasts, "Insider Secrets" and "Multifamily Unplugged," which provide deeper insights into multifamily real estate investing.

00:58:43 - Platforms to Access the Podcasts,

The podcasts are available on Apple, Spotify, and YouTube, catering to different preferences and allowing listeners to choose their preferred platform.

00:59:08 - Choosing a Resonating Word,

The host asks Mike to choose between the words "seek," "go," and "create." Mike chooses "seek" because he believes that the more you seek, the more opportunities arise and the more action can be taken.

00:59:29 - Connection and Networking,

The host expresses his enjoyment of the deep conversation and networking opportunity with Mike. He encourages listeners to explore Mike's podcasts and resources to delve deeper into multifamily real estate.

01:00:02 - Sharing the Message,

The host urges listeners to share the episode, particularly with those who may resonate with Mike's story of overcoming challenges and finding success after prison. Sharing podcasts is a powerful way to spread meaningful messages and inspire others.

Key Lessons:

1. Take Time for Oneself: The guest, Mike Morawski, emphasizes the importance of taking time for oneself and not always being busy as an entrepreneur. It is crucial to strike a balance between work and personal well-being.

2. Build Strong Relationships: Morawski shares the importance of building strong relationships with clients and colleagues. This is especially important in the multifamily real estate business, where trust and comfort between all parties involved are essential.

3. Listen to Your Intuition and Trusted Advisors: Morawski admits to not listening to his wife and other key individuals around him, which resulted in poor decisions and regrets. It is crucial to heed the advice and opinions of those who have your best interests at heart.

4. Learn from Mistakes: Morawski reflects on the mistakes he made, such as not having better quiet time and not listening to God and the people around him. It is important to learn from past mistakes and make changes to avoid repeating them in the future.

5. Stay Connected to Your Spirituality: Despite going through challenging times, Morawski highlights the importance of staying connected to your spirituality. He shares his personal journey of transformation and the role it played in helping him navigate difficult situations.

6. Maintain Resilience: Morawski's story showcases the importance of resilience in the face of adversity. Despite losing everything and going to prison, he managed to rebuild his life and find success again through coaching, training, and authoring.

7. Build Meaningful Relationships: Morawski's experience reveals the significance of building meaningful relationships rather than just focusing on transactional interactions. By investing in deeper connections, you can create a more fulfilling and successful career.

Overall, the key lessons from this episode revolve around finding balance, listening to intuition and trusted advisors, learning from mistakes, staying connected to spirituality, maintaining resilience, and building meaningful relationships. These lessons can be applied not just in the real estate industry but in various aspects of life and entrepreneurship.

Resources & Action Steps:

• Visit Mike Morawski's website at mikemorawski.com to learn more about his real estate training and coaching services.
• Check out Mike's Insider Secrets podcast on Apple Podcasts, Spotify, or your favorite podcast platform for valuable insights and tips on real estate investing.
• Purchase Mike's book, Exit Plan: Your Complete Guide to Multifamily Investing and Why You Need an Exit Plan Before You Buy, available on Amazon or Barnes & Noble.
• Connect with Mike on LinkedIn to stay updated on his latest projects and networking opportunities.
• Join a local real estate networking group or attend a real estate investing event in your area to meet like-minded professionals and potentially partner with them on real estate deals.
• Consider investing in multifamily properties to create passive income and grow generational wealth. Reach out to Mike for guidance and support in this area.
• If you're interested in partnering with Mike's multifamily hedge fund to invest in large apartment complexes, reach out to him for more information on how to get involved.
• Share this podcast episode with friends, family, or colleagues who may be interested in learning about real estate investing and redefining success.

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