State of the Market with the "Mad Scientist" Neal Bawa

Unless you have been living under a rock, you already know that COVID has disrupted every sector and every facet of our economy. As real estate investors and entrepreneurs, we have not been exempted from the impacts of COVID by any means and yet, there still remains a high degree of uncertainty as to what will happen as we begin to move into the post-COVID world, presumably.

Our guest on today’s episode is the one and only “Mad Scientist” Neal Bawa, Founder and CEO of Grocapitus and Multifamily University. Neal is a data guru with a keen insight to market trends and data that prove to be compelling when analyzing our current economic status and forecast. Using these analytics, Neal applies his understanding of data trends to evolve his business while educating others to do the same.

Tune in as Neal shares his wealth of knowledge and experience and dissects the different impacts observed throughout multiple verticals in the commercial real estate space. He shares his candid thoughts on a few surprising trends he’s noticed during the pandemic, showing this recession is not a normal recession, and what we can expect coming out of this recession.

In this episode, we cover:

Why were you coined the “Mad Scientist of Multifamily?”

What have been some of the surprising trends you’ve noticed in commercial real estate during the pandemic?

Why are we going to see a drop in NOI (Net Operating Income) and how will that impact our valuations?

Should I buy real estate right now or should I wait?

How is this year’s forbearance for tenants and landlords going to impact the rest of Q3 and Q4 of 2020?

As entrepreneurs and investors, understanding market trends and data are fundamental components of being a successful business owner. Although there remain many unanswered questions related to the impact of this virus, this episode will give you the necessary insights to approach the next challenging months ahead.

Neal addresses each of these pressing questions and so much more in this information-packed episode!

Final Four Questions for Neal:

1. What do you do for your continued education to further your investing?

Neal: "Every once in a while, I like to disconnect and go do something completely different that I have no knowledge of. My university for that in YouTube. Right now, I’m building stuff in my house from scratch that I haven’t done before and it’s forcing me to really think about that. The math is so complex that it’s forcing me to come up with new learning. Doing things that are completely counterintuitive is a million times more beneficial than repeating the same stuff we do."

2. What have been some of the lasting lessons along your real estate investment journey?

Neal: "As a real estate syndicator, the biggest lesson I’ve learn is don’t get into markets based on what’s going to happen to them in the future because we tend to sell ourselves and our investors on this huge vision of the future and sometimes that vision just doesn’t take place. Go into markets that already have a lot of wind on their back, not into markets that don’t. Don’t sell yourself on a project for the sake of acquisition fees because then you’re an unpaid wage slave for five years."

3. What advice would you give to the listeners to help them grow their businesses?

Neal: "One of the best places on the Internet to learn about these types of asset classes and what they’re doing is Multifamily University. We host about 40 webinars a year and more than 75,000 people sign up for them. This kind of structure is a great way to learn."

4. How can the listeners learn more about and connect with you?

Neal:
Google: Neal Bawa

Websites:
www.grocapitus.com
www.multifamilyu.com
MultifamilyU YouTube Channel