Shannon Robnett - Navigating the Real Estate Market
Insider Secrets Real Estate by Mike Morawski
Release Date: 11/14/2023
Gib Irons - Capital Raising and Trial Law
Insider Secrets Real Estate by Mike Morawski
Key Takeaways Success isn't about being the smartest or most talented in the room; it's about the relentless determination to overcome any obstacle in your path. Remember, it's never too late to pivot towards your dreams and find success in uncharted territories. In the journey to success, never underestimate the power of forging connections with potential investors. Utilize social media, lead magnets, and referrals to connect and nurture those relationships into invaluable assets. In the realm of success, transparency reigns supreme. Embrace honesty in your dealings, for investors value...
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Gino Barbaro - Navigating Market Cycles and Creative Financing
Insider Secrets Real Estate by Mike Morawski
Key Takeaways Life comes down to becoming and being persistent. Focus gave me the clarity to continue to scale the portfolio. You really need to focus on what you as an investor wants, ultimately what your goals are. You can always buy real estate. You can always buy it in any part of the market cycle. You can't always sell real estate. Market cycles have changed dramatically. The decade of from 2010 to 2020, there was no recession. Understand where your market is and what part of the cycle and recession is trying to buy as much as you can. Timeline [01:09] Intro to episode guest [02:56]...
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Joel Friedland - Industrial Real Estate Opportunities
Insider Secrets Real Estate by Mike Morawski
Key Takeaways Industrial is the backbone of our country, really of the world. Everything is made in an industrial building. Companies are coming back. It's called onshoring or reshoring where what they used to do overseas; they now need to do locally. Real estate is a leveraged business for the most part. You've got to have your back office. In my case, I've got two guys in my back accounting office that have been with me for 20 years. Timeline [02:24] Intro to episode guest [03:41] One word that describes Joel personally and professionally. [06:220] Provide a brief overview of your...
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Mike Zlotnik - Diversifying Investments for Success
Insider Secrets Real Estate by Mike Morawski
Key Takeaways Real estate investment is not one size fits all; it's essential to find a model that aligns with your values and business approach. Operating virtually in real estate is not only feasible but can be advantageous, leveraging technology and avoiding physical constraints. Mezzanine debt provides equity-like returns with a safer position, offering a bridge for deals facing challenges like rising interest rates. Prudent preparation involves considering multiple scenarios, both optimistic and pessimistic, to navigate uncertainties in the market. Lesson number one, diversify. Lesson...
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Emma Powell - Real Estate Balancing Strategies
Insider Secrets Real Estate by Mike Morawski
Key Takeaways Real estate success is not just about profits; it's about achieving time and financial freedom to lead a more purposeful and playful life. You have to be able to balance success with your personal life or it's just pointless. It's hard in the moment when there's uncertainty, but once the problem resolves itself, it'll either work out or it won't. Our ability to affect the future of the deal is enhanced with us being able to be in there and protect the capital that we've put in there. I'm a human. I'm going to make mistakes, but I can actually go back and change history to set us...
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Duane Winkel - Relentless Multifamily Business Insights
Insider Secrets Real Estate by Mike Morawski
Key Takeaways Investors can discern sincerity, and authenticity is a key factor for long-term partnerships. When rates rise, it can be a good time to buy, and when they fall, it's favorable for selling as property values increase. Renovating properties with high vacancy rates, despite potential bank reluctance, offers a chance to improve and raise market rents. I love the journey more than I love the actual outcome of it. it's just that relentless passion. The relentless pursuit should be fueled by passion, not just for the outcomes but for the entire process, ensuring sustained motivation and...
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Brady Slack and Michael Scicluna - Mastering Tax Strategies
Insider Secrets Real Estate by Mike Morawski
Key Takeaways Confidence is not just about being assertive; it's about the willingness to learn and be coached. Life is a journey with its ups and downs; winning the small battles leads to winning the war. Consistency in facing ups and downs allows for success through the big challenges. The language of business is accounting; understanding that language enhances your chances of success. Real estate investing has the potential to never be taxed if leveraged with write-offs, expenses, and depreciation. Don't let the tax tail wag the dog; sometimes, there are valid reasons to exit a property...
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Shannon Robnett - Navigating the Real Estate Market
Insider Secrets Real Estate by Mike Morawski
Key Takeaways Understanding the market's cyclic nature is crucial, with an anticipation of improvement over the next 12-18 months. Have solutions ready for all aspects of a deal. Learn from 2008: be prepared for market turns. Specializing in one thing becomes crucial as you recognize the depth of your knowledge. True expertise arises from hands-on experience, embracing challenges, and actively practicing in your field. If you're taking on a deal, be the source for the completed project. It's about having the solution to all the problems or having access to them. Syndication is just a fancy...
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Tim Winders - A Story of Self Realization and Growth
Insider Secrets Real Estate by Mike Morawski
Key Takeaways Discovering our true nature and purpose is a lifelong journey. There are various characteristics and traits that define us, and these qualities evolve over time. A transformation in one's faith can lead to a fundamental shift in values and perspective on life. Instead of treating spirituality as a resource to turn to only in times of trouble, it can be a consistent and integral part of one's business endeavors. Effective communication and genuine interest in what matters to others can lead to stronger connections and partnerships. Success should be redefined on an individual...
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Rod Khleif - Fundamental Keys You Need to Get Your Arms Around When Starting a Business
Insider Secrets Real Estate by Mike Morawski
Key Takeaways New multifamily investors should focus on setting clear goals, making decisions, and taking the first step to get started in the business. It's crucial to focus on the numbers and find deals that make financial sense. If you find a good deal in multifamily, you can probably show a 15 percent ultimate return on a deal. Building relationships and networking with industry professionals can lead to mutually beneficial opportunities. Multifamily remains a resilient and attractive asset class in the real estate industry. Strong cash flow is a key factor in surviving economic challenges...
info_outlineKey Takeaways
Understanding the market's cyclic nature is crucial, with an anticipation of improvement over the next 12-18 months.
Have solutions ready for all aspects of a deal. Learn from 2008: be prepared for market turns.
Specializing in one thing becomes crucial as you recognize the depth of your knowledge.
True expertise arises from hands-on experience, embracing challenges, and actively practicing in your field.
If you're taking on a deal, be the source for the completed project. It's about having the solution to all the problems or having access to them.
Syndication is just a fancy word for a partnership. Limited partners provide capital, and general partners create, vet, underwrite, manage, and decide when to sell.
Despite political divides and global uncertainties, with pent-up demand and a shortage of supply, there's significant money on the sidelines.
The market hasn't cooled off as expected. Interest rates haven't slowed much. Wages are rising, and the economy remains strong.
Timeline
[01:50] Intro to episode guest
[02:41] One word that describes Shannon personally and professionally.
[04:16] Can you tap into something that was a bump in the road for you that you learned a valuable lesson from?
[11:17] What is syndication, particularly for new listeners, in a concise way?
[15:09] What's your outlook on the market in the next 12 to 18 months, considering the recurring cycle?
[23:25] Are you currently involved in multifamily projects, or are you focused on light manufacturing and industrial deals?
[26:07] Are you building multifamily or single-family properties?
Contact
Website: shannonrobnett.com