Mad Scientist: Data Driven Real Estate Investing - Neal Bawa Episode #110

GUEST BIO We 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 EPISODE 02:30 - Guest background 05:48 - Best time to buy real estate 13:16 - Overcoming the challenge during the recession 18:44 - Earning income from properties you don’t own KEEPING IT REAL 22:34 - Transitioning to a real estate guy 24:56 - Gathering data for business analysis 28:58 -  5 hypothesis for analysing the market 34:40 -  Growing your investor database 36:55 -  What does Flex industrial means 42:43 -  The importance of gathering reports or data RAPID FIRE QUESTIONS 44:56 - Favorite Book - The Miracle Morning by Hal Elrod 45:56 - Best Habit - Doing one thing at one time 47:01 - One 300 unit vs 3 apartments for a 100 units - 3 apartments for a 100 units 47:42 - Class A or Class C - Class B 49:04 - Self managed or outsourced - both BOOKS MENTIONED IN THIS SHOW The Compound Effect by Darren Hardy Rich Dad Poor Dad by Robert Kiyosaki The Miracle Morning by Hal Elrod NOTABLE 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 GUEST Facebook | www.multifamilyu.com | Podcast | Instagram | YouTube #ExperimentAnalysis