How to Scale Commercial Real Estate

Scaling From Single Family to Small Multifamily with Sean Morrissey

December 30, 2020 Sam Wilson Season 1 Episode 31
How to Scale Commercial Real Estate
Scaling From Single Family to Small Multifamily with Sean Morrissey
Chapters
How to Scale Commercial Real Estate
Scaling From Single Family to Small Multifamily with Sean Morrissey
Dec 30, 2020 Season 1 Episode 31
Sam Wilson

Sean Morrissey is a buy and hold investor and real estate broker and owner. He started his real estate journey in 2003 and opened his own brokerage in 2011. He has managed up to 200 single family homes while building his real estate rental portfolio in the western suburbs of the Chicago land area.

[00:01 – 05:16] Getting to know Sean

  • Let’s get to know Sean Morrissey
  • Sean talks about his background and journey in real estate

[05:17 – 16:54] Scaling From Single Family to Small Multifamily properties

  • Sean’s thoughts on self-storage, single family and multifamily asset classes
  • Making more efficient property management systems
  • Looking back on the lessons they learned from the mistakes of the past
  • Having due diligence in their property deals
  • Sean talks about the latest property deals their dealing with right now
  • Sean’s thoughts on the current state of the real estate market
  • Sean talks about how they deal with state taxes in the Chicago area

[16:55 – 20:07] Closing Segment

  • Sean’s advice to aspiring investors
  • Understand who you are as an individual
  • How Sean stays up on top of his game
  • His way to make the world a better place
  • How to reach out to Sean – links below
  • Final words from Sean and Me


Tweetable Quotes:

“I found that I work best at the beat of my own drum.” - Sean Morrissey

“I think we’re at a point in the marketplace and essentially in the next 2 years where we’re going to separate those who know the industry and those who don’t. So you certainly wanna make sure you underwrite your deals tightly and at the same time know what your exit strategy is and be confident that you can execute on that.” - Sean Morrissey

“Understanding who you are as an individual is really the key component. If you’re in your early 20s, or just getting out of college, that’s what your role is for the next ten years of your life. So when you get to your 30s and you really start building that path towards wealth and who you are as an individual, you’re going to do so without this massive monkey on your back.” - Sean Morrissey


Resources Mentioned: 

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Connect with Sean, send him an email at [email protected]. Check out https://chicago-realty-group.com/ 

Contact number: 630-423-6020


Connect with me:

I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.

Call: 901-500-6191

Facebook

LinkedIn

Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! 

Email me --> [email protected]

Show Notes

Sean Morrissey is a buy and hold investor and real estate broker and owner. He started his real estate journey in 2003 and opened his own brokerage in 2011. He has managed up to 200 single family homes while building his real estate rental portfolio in the western suburbs of the Chicago land area.

[00:01 – 05:16] Getting to know Sean

  • Let’s get to know Sean Morrissey
  • Sean talks about his background and journey in real estate

[05:17 – 16:54] Scaling From Single Family to Small Multifamily properties

  • Sean’s thoughts on self-storage, single family and multifamily asset classes
  • Making more efficient property management systems
  • Looking back on the lessons they learned from the mistakes of the past
  • Having due diligence in their property deals
  • Sean talks about the latest property deals their dealing with right now
  • Sean’s thoughts on the current state of the real estate market
  • Sean talks about how they deal with state taxes in the Chicago area

[16:55 – 20:07] Closing Segment

  • Sean’s advice to aspiring investors
  • Understand who you are as an individual
  • How Sean stays up on top of his game
  • His way to make the world a better place
  • How to reach out to Sean – links below
  • Final words from Sean and Me


Tweetable Quotes:

“I found that I work best at the beat of my own drum.” - Sean Morrissey

“I think we’re at a point in the marketplace and essentially in the next 2 years where we’re going to separate those who know the industry and those who don’t. So you certainly wanna make sure you underwrite your deals tightly and at the same time know what your exit strategy is and be confident that you can execute on that.” - Sean Morrissey

“Understanding who you are as an individual is really the key component. If you’re in your early 20s, or just getting out of college, that’s what your role is for the next ten years of your life. So when you get to your 30s and you really start building that path towards wealth and who you are as an individual, you’re going to do so without this massive monkey on your back.” - Sean Morrissey


Resources Mentioned: 

------------------------------------------------------------------------------------------


Connect with Sean, send him an email at [email protected]. Check out https://chicago-realty-group.com/ 

Contact number: 630-423-6020


Connect with me:

I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.

Call: 901-500-6191

Facebook

LinkedIn

Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! 

Email me --> [email protected]