Neal has a huge thousand plus units of multifamily portfolio valued at over a hundred million dollars and it covers seven different states. He speaks at multifamily conventions, expos, and REIA events all over the country. He is also the co-founder of the largest multifamily investing meetup in California.

Getting Started with Multifamily Deals

by Neal Bawa | Larry Goins Group - Episode 014 – Brain Pick A Pro

SHOW SUMMARY:

In today’s show, Larry talked with Neal Bawa. Neal has a huge thousand plus units of multifamily portfolio valued at over a hundred million dollars and it covers seven different states. He speaks at multifamily conventions, expos, and REIA events all over the country. He is also the co-founder of the largest multifamily investing meetup in California.

In this episode, Neal will share his knowledge and understanding on multifamily properties. He will also share tips and techniques on what to look for and how to analyze multifamily deals.

SHOW HIGHLIGHTS:

  • Who Neal Bawa is
  • How he started investing in multifamily
  • What his portfolio is composed of
  • How a multifamily deal is put together
  • Having a 5-6 page template
  • Understanding cap rates
  • Type of properties he is looking for
  • Areas he recommends
  • Best markets:
  • – Fix and flip bucket
  • – Price appreciation bucket
  • – Rent appreciation bucket
  • Data sources
  • The key metrics you should be looking at
  • Some areas he considers worst metro areas for 2018
  • Where he finds deals
  • Rundown on what to look at in deals
  • His advice to those interested in multifamily

Quotes:

  • “Spend $6,000 in unit in rehab, raise rent by $150 dollars in unit, and double your investor money in 5 years.”
  • “Multifamily isn’t about being different. It is about being efficient. This is a mathematical problem. It is not an expression of art.”
  • “The numbers don’t lie.”

RESOURCES AND LINKS FROM THIS SHOW:

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