Art Morrison III is a successful real estate investor who has transitioned from professional sports to entrepreneurship. Art shares his story of overcoming adversity and starting multiple businesses, including youth basketball training giant Above Max Basketball. Morrison discusses the pros and cons of flipping houses for passive income versus holding onto investments for long-term growth. He predicts that the real estate market will continue to grow, and encourages us to consider investing in multifamily properties as their next investment opportunity. While he has made some mistakes in his life, the biggest one was not making it to the NBA. He credits this experience as teaching him a lot of lessons about persistence, understanding that you can't always achieve your goals the first time, and having a higher goal to aim for.
[00:01 - 05:16] Opening Segment
[05:17 - 12:41] Long Term Cash Generation
[12:42 - 17:01] Lessons Learned from Failure in the NBA
[17:02 - 21:35] Closing Segment
Quotes:
"I was just trying to find something that didn't have a ceiling. I stumbled across real estate, and I haven't looked back since." - Art Morrison III
"It's like basketball. You can go and train by yourself for sure. But it's not gonna hit the same as hiring a trainer or having someone who played at the level.” - Art Morrison III
Connect with Art through LinkedIn and Facebook. Get a free copy of his book, “Overcome” by visiting www.morrisonenterprisellc.com
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Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.