Show notes
GUEST BIOWe are joined in the lab by Neal Bawa, Data Scientist, Founder and CEO at Grocapitus Investments. Dubbed as the Mad Scientist of Real Estate, Neal’s success is attributed to his diverse portfolio of syndication and his slightly manic attitude when it comes to opportunities in real estate. He eventually found the opportunity to go into real estate full-time when his technology business sold but not before he changed the face of the business by custom-building 6 campuses in 11 years.When people were discounting real estate in the recession of 2008, Neal instead tried to lease out 10 properties in Madeira. This move reinforced people’s perception of Neal as the crazy guy but he found the math too compelling and knew that there was no way he could lose with investing in property.If you’re a guy like Neal with unconventional methods to getting things done and a tremendous grasp in data analysis to help you see into the future, you need to tune into this episode.HIGHLIGHTS OF THE EPISODE02:30 - Guest background05:48 - Best time to buy real estate13:16 - Overcoming the challenge during the recession18:44 - Earning income from properties you don’t ownKEEPING IT REAL22:34 - Transitioning to a real estate guy24:56 - Gathering data for business analysis28:58 - 5 hypothesis for analysing the market34:40 - Growing your investor database36:55 - What does Flex industrial means42:43 - The importance of gathering reports or dataRAPID FIRE QUESTIONS44:56 - Favorite Book - The Miracle Morning by Hal Elrod45:56 - Best Habit - Doing one thing at one time47:01 - One 300 unit vs 3 apartments for a 100 units - 3 apartments for a 100 units47:42 - Class A or Class C - Class B49:04 - Self managed or outsourced - bothBOOKS MENTIONED IN THIS SHOWThe Compound Effect by Darren HardyRich Dad Poor Dad by Robert KiyosakiThe Miracle Morning by Hal ElrodNOTABLE QUOTES (KEY LESSONS):“Real estate does really really well when prices go down. And what we’ve seen is, if I look at the … curve, every time there’s a recession, the people that are buying in that recession are the big winners.” “The beauty of real estate is that the business controls the real estate and when the sale happens, the business will still be renting that real estate for the ….” CONNECTING WITH THE GUESTFacebook | www.multifamilyu.com | Podcast | Instagram | YouTube#ExperimentAnalysis
