Today I had the pleasure of speaking with Neal Bawa. Neal is the Founder and CEO of Grocapitus Investments, a commercial real estate investment company. Neal sources, negotiates, and acquires commercial properties across the U.S. He is a sought-after speaker for Multifamily webinars, podcasts, events, IRA events & MeetUps across the country.
[00:01 – 04:08] Opening Segment
I talked briefly about valuable information that you can take advantage of in this episode I introduce the guest, Neal Bawa Neal gives a bit of background about himself and how he got into real estate[04:09 – 16:15] The Mad Scientist of Multifamily Real Estate
Neal talks about why he is called the mad scientist Shares some of his “experiments” in real estate Optimizing their portfolio Increasing their tenant leads by: Using virtual assistants A call center that directly works for them[16:16 – 29:46] COVID-19 Era
Neal talks about he is up to today in this COVID-19 Era Use data to filter through the confusion and get to a place of a higher certainty of what the future will be. Researching on therapeutics Neal talks about the real estate market Why multifamily prices didn’t drop[29:47 – 40:20] Location Magic
The FIVE Metrics Neal watches out for Very strong population growth Very strong income growth Strong home price growth Crime reduction Jobs Are you building larger units now given the fact people want more space? Neal talks about what locations they set up their properties in Near healthcare systems and universities[40:21 – 44:21] Closing Segment
Connect with Neal online. See the links below. Final thoughts from Neal
Tweetable Quotes:
“Within real estate, things have been very disjointed. They're very different. So, multifamily and industrial have done really well in the last five months. You know, we haven’t seen a big change in occupancy. We haven’t seen a big change in delinquency, we’ve c---, seen some, so it’s not a good time for us. But relative to other asset classes in real estate, it’s very reasonable to say that multifamily has truly outperformed.” – Neal Bawa
“I don’t care how fast you are growing. If your unemployment rate is too high today like Boston. I’m not gonna touch you.” – Neal Bawa
Resources Mentioned:
Rich Dad Poor Dad by Robert Kiyosaki Commercial Mortgage-Backed Securities (CMBS) definition
You can connect with Neal on LinkedIn and Instagram. If you are interested in investing in multifamily real estate and want expert help, visit their website https://www.grocapitus.com/. Visit Multifamily University's website https://multifamilyu.com/ for free webinars and training on multifamily real estate.
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