JC 063: Getting Started In the Multifamily Community with Neal Bawa
Putting Education In Action for Profit
Neal Bawa is a true pioneer in the commercial real estate and multifamily industry with an impressive track record to back up his experience. As the CEO and Founder at Grocapitus, a commercial real estate investment company, Neal sources, negotiates and acquires commercial properties across the U.S. for 230+ investors. His current portfolio includes more than 1500 units/beds across multifamily and student housing properties in 7 U.S. states. Additionally, Neal is the CEO at MultifamilyU, an apartment investing education company, the co-founder of the largest Multifamily Investing Meetup network in the U.S. (BAMF), speaks at events all over the country, and produces his own podcasts and radio shows.
Neal Bawa joins John Carney today in The Real Estate Locker Room to share how he made the transition from the tech industry into the multifamily real estate market, the secret to his Meetup groups success, the importance of education and the action that follows it.
Five Key Points:
- People want and value education – they don’t want to be sold to. That’s been the key to the Bay Area Multi Family Meetup group’s growth and success.
- Because there’s so much money in the marketplace, unemployment is under 4%, there’s great job growth, and there’s $40 billion coming into the country every month, it is easier than ever in history to raise money, but it’s very hard to find good properties and projects.
- Education is not beneficial by itself. Action is the point of education.
- Multifamily is a get-rich-slowly business because you’re typically holding companies for 3-5 years or longer.
- Fixing and flipping properties will get more money in your pocket faster, but it’s not scalable like Multifamily. More than 50% of the Fortune 100 people in the United States hold very large amounts of Multifamily.
- Roger Federer – Tennis Player
- If you’re managing Multifamily, and you’re asset-managing a property manager, ask yourself this question every week: “What are the things this property manager always says he does and never does (like tenant lead generation), and is it possible for me to outsource that to another group?”
Reach Out to Neal Bawa:
Thank you Neal for taking the time to share your valuable multifamily continuing education resources with the audience.
Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com
© John Carney 2019
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