The Mad Scientist of Multi-Family – Neal Bawa

Aug 23, 2023

Neal Bawa
This podcast guesting of Neal Bawa is hosted by Tim and Gregory Lyons of Passive Income Brothers.

From Neal Bawa’s perspective, multi-family is the “Right Now” investment opportunity. It all comes down to a more rational approach to underwriting and avoiding the tendency to chase trends or try to time the market.

Neal is known in real estate circles as The Mad Scientist of Multi-Family. In this episode he contrasts investors with speculators, saying many believe they are the former, but are actually the latter. 


Why cap rates and net operating income are crucial metrics in real estate investment

  • The relationship between cap rates, NOI, and property value and how cap rates can indicate a buyer’s or seller’s market
  • Why underwriting is so important
  • Why speculation is counterproductive in periods of market moderation or downturns


Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert.

Neal treats his $1+ billion-dollar multifamily portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is that: We can only manage what we can measure. His second mantra is that: Data beats gut feel by a million miles. These mantras and a dozen other disruptive beliefs drive profit for his 900+ investors.