Apr 17, 2020
Finding the best places for real
estate and multifamily investing has always been at the core of
Target Market Insights. While the market research focuses on key
variables such as population growth, job growth and other factors,
the coronavirus (COVID-19) will leave an undeniable impact and
alter the future of these markets. To gain a glimpse into which
markets will thrive in a post-COVID-19 world, we tapped Neal Bawa,
The Mad Scientist of Multifamily.
Neal is a data guru, process
freak and outsourcing expert. He views his $250MM multifamily
portfolio as an ongoing experiment in efficiency and optimization.
Neal was a guest back on Episode 99, where he discussed the Top
Multifamily Markets, so it was appropriate to tap Neal to share how
the coronavirus will impact his view going forward. In this
episode, we talk about the key criteria he uses to identify
markets, how COVID-19 may impact top markets, which markets and
submarkets he expects to thrive and tips to navigate current market
the power and major tax benefits of real estate investing opened
his eyes to the opportunities.
he built a data metrics system Location Magic to find best cities and best neighborhoods
based on metrics.
best markets in 2019: Utah (Salt Lake City, Provo), Florida - I4
the top markets have changed in the last 2 months.
to find growing markets based on 5 principals: Growth in
population, income, home price, employment and crime
- Coronavirus is a true Black Swan Event. It
threatens to totally upset the numbers apple cart, but it should
only last 6 - 12 months.
new important factors affecting real estate markets
to study markets during the Coronavirus and find the advantages.
(example: TX is a great market but now is hit with the biggest oil
collapse of all time).
states vs. Blue states during the Coronavirus and how that affects
real estate markets.
attention to how the federal government is handling the $2T dollar
bill to understand who is being bailed out and translate that into
the states that benefit from those bailouts.
Markets to pay attention to coming out of COVID-19 and
understanding the underlying drivers that will influence growth and
opportunities you will see in Q3: Neal’s advice - DON’T FREEZE,
stay in the game!
- Sellers are selling now for important reasons
and how to take advantage of it.
- Rumors of a recession, how does Neal feel about
prudent, but never use the worst-case scenario to make your
Partner: Download a Free Sample Apartment Deal
Target Market Insights - Episode
99: Top Multifamily Markets in the US with Neal Bawa
Never buy based on future growth
only on past growth.
Most Recommended Book:
Up at 5:00 am until 6:30 am
doing The Miracle Morning
Wish I Knew When I Was Starting Out:
Not to shovel BS and give it to
people straight, they can take it.
What I Wish Knew 12 Months Ago
How the US will fare in the next
Best Place to Grab a Bite in San Francisco
Port of Perri
Location Magic eCourse
Multifamily U Resources (podcasts, webinars toolkit and
Investment Projects / GroCapitus