Scaling From Single Family to Small Multifamily with Sean Morrissey

Listen to the Episode (20:30)

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: