Episode 89: Multi Family Wealth with Technological Precision, with Neal Bawa

04/03/19 • 37 min

The Smart Real Estate Coach Podcast|Real Estate Investing

Neal Bawa is CEO / Founder at Grocapitus, a commercial real estate investment company. Neal sources, negotiates and acquires Commercial properties across the U.S., for 200+ investors. Current portfolio over 1000 units, projected to be at 2000 in 12 months. The portfolio includes Multifamily and student housing properties in 6 U.S. states.

Neal also serves as CEO at MultifamilyU, an apartment investing education company. He speaks at events & meetups across the country. Nearly 4,000 students attend his multifamily seminar series each year and hundreds attend his Magic of Multifamily boot camps. Thousands hear his podcasts and he has been featured in over a dozen podcasts and radio shows. His management techniques and revenue optimization techniques for Multifamily are considered unique in the industry.

Neal is the co-founder of the largest Multifamily Investing Meetup network in the U.S. (BAMF), a group of investors that has over 3000 members. He has taught the Fundamentals of Multifamily investing, Real Estate trends and deal analysis to 1000+ students, including investors from three different IRA companies. He raises over $12 Million dollars a year for his projects.

What you’ll learn about in this episode:

How Neal first got involved in real estate investing, as part of his previous job as a Chief Operations Officer
Why Neal started teaching his multifamily skills through his meetup, and how he grew the meetup to almost five thousand members
Why Neal applies practical and effective business principles to his multifamily investment building
Why Neal strives to be transparent with his methods, and why he is honest about his failures
How Neal’s online and in-person meetups work, and what information and data Neal provides to the audience
Why Neal left India and moved to the United States in 1997, and how he rapidly grew his meetup
Why Neal considers his greatest success and greatest failure to have come from the same project
Why it’s important to buy your investment projects based on what’s happening today and not what might happen tomorrow
How to get free multifamily resources from Neal, and how to get access to his accelerated bootcamp series
What key daily activities Neal pursues to be as productive and focused as possible in his work

Additional resources:

Website: www.multifamilyu.com/toolkit/

Neal Bawa’s Recommended Reading List:

Multi-Family Millions by David Lindahl: https://amzn.to/2sSRBmW
The ONE Thing by Gary Keller and Jay Papasan: https://amzn.to/2B7Y4im

What you’ll learn about in this episode:

How Neal first got involved in real estate investing, as part of his previous job as a Chief Operations Officer
Why Neal started teaching his multifamily skills through his meetup, and how he grew the meetup to almost five thousand members
Why Neal applies practical and effective business principles to his multifamily investment building
Why Neal strives to be transparent with his methods, and why he is honest about his failures
How Neal’s online and in-person meetups work, and what information and data Neal provides to the audience
Why Neal left India and moved to the United States in 1997, and how he rapidly grew his meetup
Why Neal considers his greatest success and greatest failure to have come from the same project
Why it’s important to buy your investment projects based on what’s happening today and not what might happen tomorrow
How to get free multifamily resources from Neal, and how to get access to his accelerated bootcamp series
What key daily activities Neal pursues to be as productive and focused as possible in his work

Additional resources:

Website: www.multifamilyu.com/toolkit/

Neal Bawa’s Recommended Reading List:

Multi-Family Millions by David Lindahl: https://amzn.to/2sSRBmW
The ONE Thing by Gary Keller and Jay Papasan: https://amzn.to/2B7Y4im

Previous Episode

Episode 88: Re-engineered Life and Biz at age 71 and on Track for $1M in Year One, with Bill Reich

Bill started Bright Property Solutions in 2017 at the ripe young age of 71. He and his partner, Joanne, have grown the business to over $1M per year by buying and selling residential properties on terms in the DC/Baltimore area. Bill’s plan is to grow the company to $3M per year by 2020, and then will try to scale back from his 14-hour days to spend more time with his family–including nine grandchildren from his two sons–and indulging in his passions for traveling to different countries throughout the world.

What you’ll learn about in this episode:

How the 2008 economic crash left Bill starting over, after 40 years in the commercial real estate business
How becoming an associate with Chris’s family business has been significantly different from Bill’s time in commercial real estate
What Bill finds appealing about being an associate, and what support he receives from Chris and the family business
Why Bill is confident that he will be able to hit $1 million dollars in his first year in business under Chris’s program
How Bill is able to operate in the higher-end market, and why more affluent sellers need to sell quickly too
Why Bill is expanding his business by hiring others, including a former seller he completed a deal with
Why Bill recommends books by Bob Proctor, Napoleon Hill, Dr. Joe Vitale, Grant Cardone, Darren Hardy, and others
What big projects Bill has in the works, including launching an Airbnb rental business
What advice Bill would recommend for investors who may be questioning themselves or looking to get started on the right foot
Why having the right mentor is critical for helping you learn from the mistakes you’re going to make anyway

Additional resources:

Telephone: (202) 765-0060
Chris Prefontaine’s Free Webinar: www.smartrealestatecoach.com

Next Episode

Episode 90: Crushing It in Real Estate Notes, with Paige Panzarello

Paige Panzarello is the “Cashflow Chick.” Having been a Real Estate investor and entrepreneur for over 20 years, Paige has experienced many facets of real estate investing. Her experience includes founding and running her own Residential and Commercial Construction and Acquisition companies, Buy and Hold residential and commercial real estate investing, Tax Deeds/Liens, and Fix and Flip, to name a few. She currently focuses on Non-Performing Notes that she purchases all across the United States. Whether in notes, residential or commercial real estate, in California, Arizona, or nationwide, Paige has been successful in completing over $150 million in real estate transactions to date.

She has been a regularly featured guest on “The Cashflow Guys” podcast, and you can also find her on the “The Note Closers Show,” “Cashflow Ninja,” “Secrets to Real Estate Investing,” and “Real Estate Investor Goddesses” podcasts, to name a few. Paige is a Founding Member and the Vice President of WREN, the Women’s Real Estate Network, which currently has chapters across the West coast, and is expanding rapidly across the United States.

Paige teaches the “Building Wealth with Notes” Workshop that drills down into the details of how to buy Non-Performing Notes, what to look for, due diligence to perform, and how to mitigate risk. Having experienced the hardship of economic downturn, and what she calls “a very difficult learning experience”, Paige knows first-hand how “life can happen” to everyone. Her company was founded to help people in distress. Paige is also driven to help educate people on the importance of passive income, deal evaluation, money, and debt management. She wants everyone to elevate their situation and become free of dependence so that when “life happens” they will be ready not broken.

Whether it is improving communities one house at a time, helping borrowers stay in their homes, or working with other investors to learn a new way to potentially earn higher investment dollars for their retirement years, Paige is dedicated to helping people improve their lives in every way. She lives by the motto, “People first, profit second.”

For more information about Paige, the workshop, or the Cashflow Chick Community, please go to www.CashflowChick.com and www.BuildingWealthwithNotes.com.

What you’ll learn about in this episode:

Why and how Paige got started in real estate investing out of necessity when she needed to help settle her grandmother’s estate
How Paige got involved in notes, what notes are, and why they are worth considering for your real estate investments
Paige explains the difference between performing and non-performing notes, and why she buys first-position non-performing notes secured by residential real estate
Why you would want to buy a non-performing note, due to the substantial discounts you can get
How to find a note worth buying, how to get started in the niche, and why notes are a great way to get the same perks as buy-and-hold without the drawbacks
How Paige navigated the real estate market crash of 2008, and how the experience shaped her business views and pushed her toward notes
Why entering the niche of real estate notes was a life-changing strategy adjustment for Paige and her business
Why a good, experienced team is crucial for getting started and finding success in real estate investing
Why Paige refuses to conform to a deal and requires the dealer to confirm to her strategies and expectations
Why Paige is looking to grow a real estate fund and expand it to a $100 million fund in the next few years
Paige expresses the importance of finding a good mentor, and she shares her experiences with her own mentor

How to contact Paige Panzarello:

Website: www.buildingwealthwithnotes.com/srec/
Website: www.cashflowchick.com
Twitter: @Cashflow_Chick

Paige’s Recommended Reading List:

The 7 Habits of Highly Effective People by Stephen R. Covey: https://amzn.to/2V6Mcob
The Millionaire Mentor by Greg Reid: https://amzn.to/2GxM7qE
Three Feet From Gold by Sharon L. Lechter and Greg Reid: https://amzn.to/2DT7Hlo