Episode #318: A Data Scientist’s Journey in Real Estate (Best Of Episode)

Oct 30, 2023

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! During this episode, Neal explains what Super Value Add projects are, what drove him to start doing them, and why he would recommend them over ground-up construction projects. We also delve into the structures that Neal has put in place which allow him to do 30 projects a year and work only 35 hours a week, why he prioritizes his mental and physical health, and the plans that he has to give back to society in a very meaningful way. 

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 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. 

Links Mentioned in Today’s Episode:

Neal Bawa on LinkedIn

Grocapitus Investments

Ugro Capital

Multifamily University


Surely You're Joking, Mr. Feynman!


Peter Pomeroy Email Address

Peter Pomeroy on LinkedIn

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Recent Posts

Real Estate Investing: Understanding Syndication Structures

Real Estate Investing: Understanding Syndication Structures

As a passive investor evaluating a commercial real estate syndication, you need to know where to start before you can tell whether a specific property or investment is a good fit. In this article, we’ll walk through one of the critical components you should review...

read more
How To Effectively Manage Multifamily Properties

How To Effectively Manage Multifamily Properties

While single-family residential property is often the first investment choice for real estate entrepreneurs, it isn't the only one. You don’t have to represent a real estate investment trust (REIT) to find ways to invest in multifamily homes. The allure of multifamily...

read more
What You Need To Know About Cap Rates As a Passive Investor

What You Need To Know About Cap Rates As a Passive Investor

If you’ve invested in residential real estate before, you have some important, basic lingo like rental income, mortgage interest, and amortization under your belt. When you step into the world of commercial real estate, you’ll begin to see other terms, like “cap...

read more
What Is The Best Way To Invest       and Grow $1 Million Dollars?

What Is The Best Way To Invest and Grow $1 Million Dollars?

While I’m aware that most Americans are living paycheck to paycheck and wishing they had just a couple of zeroes on the end of their bank balance, today we’re going to explore what could happen if you did suddenly come into money. Whether it be an inheritance, lottery...

read more