Strategic Multifamily Real Estate Investing with Neal Bawa | EP122

Neal Bawa is CEO / Founder at UGro and Grocapitus, two commercial real estate investment companies. Neal's companies use cutting edge Real Estate analytics technology to source and acquire OR build large Commercial properties across the U.S., for over 800 investors. Current portfolio of over 4800 units, with an AUM value (upon completion) of over $1 Billion

In this episode we talked about:
- Neal’s Bio & Background
- Team Evolution
- Neal’s view on today’s Real Estate Market
- Real Estate risk
- Lesson Learned for Real Estate Investors
- Syndication
- Signs of recession ahead

Useful links:
https://multifamilyu.com/
Webinar “The Impact of Inflation and Interest Rates on Real Estate”https://www.youtube.com/watch?v=vau-jpggStQ

Transcription:

Jesse (0s): Welcome to the Working Capital Real Estate Podcast. My name's Jessica Galley, and on this show we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. Ladies and gentlemen, my name's Jessica Galley, and my guest today on Working Capital is Neil Bawa. Neil is a returning guest. He is the CEO and founder of Grow Capus, a commercial real estate investment company in the US with a billion dollar portfolio.

 

The Grow Grow Capus team acquires and builds multifamily and commercial properties across the US spanning over 10 states. How you doing Neil?

 

Neal (43s): Fantastic, Jesse. Good to be back on.

 

Jesse (45s): Yeah, it's great to see you. It's, it's been some time, I thought, you know, I thought we'd have you back on and, you know, we could talk about the, the last year or year and a half, I guess, since we last spoke, and we were just kind of joking around. Not much, not much of note has happened, so maybe it'll be a short podcast.

 

Neal (1m 3s): Oh, whoa. I I think we should break it up into 16 sections if you wanna discuss a year and a half, but we'll, we'll make it, we'll make it short and sweet.

 

Jesse (1m 11s): Yeah, no, fair enough. And that was all tongue in cheek. I know we've had quite a bit change since the, the last time we spoke. Not just, you know, in the economic environment, but in a lot of different ways with the dis different asset classes being affected differently in real estate. Perhaps what we could do is, for those that haven't heard, the first podcast that we had you on, I recommend checking that out. We talked a lot about analytics, about different areas in, in the states where you invest in, how you look at properties a little bit more on the acquisition side, so I encourage everybody to check that episode out.

 

But for those that have not, have not heard that one yet, why don't you give a, just a little bit of a background as to, you know, who you are and, and how you got into this industry.

 

Neal (1m 56s): Sounds good. So, I'm a technologist, geek or nerd, and I'm just trying to apply technology analytics and data science to real estate. And today it happens to be multi-family and build the rent that I'm applying it to. Who knows, two years from now, it might be something completely different. So I'm, I'm a fan of Big Data and how it can point you in the right direction and how few people actually use big data. People use Excel spreadsheets all the time to make decisions and that's really great, but Big data