The Smart Real Estate Coach Podcast|Real Estate Investing Episode 221: Long Term Buy-And-Hold Investing, with Sean Morrissey
Sean Morrissey is a “buy and hold” investor and real estate broker/owner who resides in Aurora, Illinois with his wife, two children, dog, and cat. Sean started his real estate journey as a landlord in 2003. He earned his real estate license in 2006 and opened his real estate brokerage, Chicagoland Realty Group Partners LLC, in October 2011. Since 2010, Sean has managed up to 200 single-family homes while building his real estate rental portfolio in the western suburbs of the Chicagoland area – primarily in the Aurora, IL community. Sean’s current goal is to earn three times his family monthly expenses in passive rental income and earn financial freedom by the year 2021. Sean hosts a weekly podcast for entry-level real estate “buy and hold” investors called “Landlording for Life” and just surpassed 50 episodes launched.
What you’ll learn about in this episode:
- How Sean got started in real estate and then opened his own brokerage, and how Sean structures his deals
- How Sean grew and scaled his brokerage business, and why he had trouble breaking out of the owner operator mentality
- How getting his real estate license just before the 2008 market crash impacted his career, and what key lessons he learned through the debacle
- What key differences and similarities Sean sees between the 2008 crash and today’s global pandemic
- Why Sean believes in metrics and buying smart, and why he suggests new investors be conservative during these uncertain times
- How Sean balances his work as an investor and managing his brokerage with spending time with his family
- Why Sean’s current focus is on maximizing his monthly passive income to free up his time and his finances
- How Sean is working to automate his business by hiring Virtual Assistants and implementing efficient systems
- How Sean taught himself everything he knows about real estate through trial and error, and what he would do differently through the 2008 crash
- Why systems streamline the process of being a buy-and-hold investor and landlord, and why those systems are also the key to growing bigger and faster
Resources:
- Website: https://chicago-realty-group.com/
- Landlording For Life podcast: www.landlordingforlife.com
- LinkedIn: www.linkedin.com/in/sean-r-morrissey/
- LinkedIn: www.linkedin.com/company/chicagoland-realty-group-partners-llc/
- Facebook: www.facebook.com/ChicagolandRealtyGroupPartners
- Twitter: @seanrmorrissey
Additional resources:
- SmartRealEstateCoachPodcast.com/webinar
- SmartRealEstateCoachPodcast.com/termsbook
- SmartRealEstateCoachPodcast.com/ebook
- SmartRealEstateCoach.com/QLS
Smart Real Estate Coach Podcast Sponsor: