#50 with Neal Bawa: The Best System for Analyzing Properties and Working with Virtual Assistants

Millennial Millionaire Real Estate Podcast

English - August 13, 2020 20:38 - 59 minutes - 108 MB - ★★★★★ - 56 ratings
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Previous Episode: #49 with Logan Freeman: The Path to Syndicating Large Commercial Rehabs

Next Episode: #51 with Glenn McCrorey: Scaling to 70 Properties & Tenants that Stay for Years

In this episode, Jonathan Farber interviews Neal Bawa on his journey from discovering the benefits of real estate investing to building a business holding over $265 million. Neal is a technologist turned real estate syndicator operating from the Bay Area, running over 2,000 units. In this episode, we break down topics like choosing a market, deciding when you know enough, getting boots on the ground, and more!

Top Takeaways:

How to choose your market - 16:15 - 24:45

Don’t just base your decision on one person’s testimony

Rely on tangible metrics to choose your market

Population growth, income growth, home price growth, crime reduction, and job growth

How to know when you know enough - 34:00 - 38:30

Once you know what metrics you need, it should only take 15 minutes to know

If a property is a good investment, the numbers will make it clear

If you can’t find the information, ask around the market

How to get boots on the ground - 39:10 - 43:30

If you can’t go there yourself, get on Craigslist

Draw out a route around the property