A Data Scientist’s Journey in Real Estate with Neal Bawa

Jun 7, 2022

Neal Bawa, otherwise known as the Mad Scientist of Multifamily, joins us today for a discussion about how he has used his data science background to make a memorable mark on the real estate industry. Neal’s insatiable curiosity, his persistence, and his drive to disrupt have led to him being in charge of a $1 billion multifamily portfolio with 700 team members, not to mention that he is one of the most in-demand speakers in the commercial real estate space!

 

Key Points From This Episode:

 

  • How an applied statistics course changed Neal’s life.
  • Where Neal’s real estate journey began.
  • An overview of what Neal’s journey in the real estate space has looked like to date.
  • The three major real estate categories that Neal focuses on.
  • Why Neal feels an affinity towards physicist, Richard P. Feynman.
  • Neal explains why he is less bullish about Multifamily Value Add projects than he was 5 years ago.
  • Challenges that Neal ran into when he decided to combine Multifamily Value Add with construction.
  • The brand new equity tranche that Neal invented.
  • Why building trust is a key to the success of a Super Value Add project. 27 days; the length of time it took Neal to fill his Park Canyon apartment block.
  • Neal’s upcoming Super Value Add project.
  • The optimal property price for a Super Value Add project.
  • Why Neal would recommend doing a Super Value Add over a ground-up construction project.
  • The responsibility that you have is to look after your physical and mental health when you are managing other people’s money.
  • What Neal sees as the ideal number of weekly working hours.
  • Neal’s 2 to 3-year plans to give back to the world in a meaningful way.