BTM151: Real Estate Investing In A Crisis (The Coronavirus Episode) with Neal Bawa
COVID-19 is the biggest news headline since 9/11. This virus has had and will continue to have massive effects on international markets for years to come.
In the meantime, what are real estate investors doing about their property? What are newbie investors doing about getting started? What are home buyers and sellers doing during this time of uncertainty? Is now the perfect time to buy real estate or is it time to hold out?
Today’s guest, Neal Bawa is a technologist who is universally known in real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, process freak and outsourcing expert. Neal treats his $250+ million-dollar portfolio as an ongoing experiment in efficiency and optimization.
On today’s show, Daray and Neal discuss the effects of the coronavirus in the 2020 real estate market. You’ll learn if and when to jump in and you’ll also understand the real effects, backed by data, of the different real estate asset classes as a whole.
Key Points From This Episode:
- How to use public city data to select your real estate investing market
- Bold prediction: Lower real estate prices for the next 1 to 2 quarters.
- Bold prediction: Buy Strip Malls for 50-60% off
- Neal prediction on the healthcare industry boom in the next 10 years (i.e medical office REITs)
- Worldwide forgiveness of all debt coming soon? (Debt Jubilee)
Links Mentioned in Today’s Episode:
Recommended Book:
Miracle Morning with Hal Elrod
Listen to this books for free with Audible!
Lifestyle Design App:
BTM127: 8,000 Apartment Units and $640 Million Dollars Later with Michael Becker
Michael Becker is a banker turned seasoned apartment syndicator with 8000+ units acquired. He currently has $650 Million assets under management. Michael is an expert in commercial financing, including underwriting, due diligence, financial analysis and preparation of marketing materials.
On today’s episode, Michael and I discuss the current state of the real estate market and what a new investor needs to know to get started with apartments. It’s not always about what you know, in fact it’s almost never about what you know. We’ll discuss the power of leverage and taking notice of the resources in your circumference.
Key Points From This Episode:
- Why Michael made the move from single family to multifamily
- Different ways to raise capital for deals
- How to create a consistent pipeline of opportunities in any market
- How to avoid taxes legally
- Michaels advice for getting started in real estate
- How to work with brokers on apartment deals
- The difference between an active and passive apartment investor
Links Mentioned in Today’s Episode:
Recommended Book:
Tax Free Wealth
Listen to this books for free!
Lifestyle Design App:
BTM 124: Pay Off Debt Or Invest In Real Estate with Sam Kwak
Immigrated from South Korea in 1999, the Kwak family only had $2000 cash in hand and a small 1 bedroom apartment in Albany Park area in Chicago. Today, Sam and Daniel have scaled to 75 units and are helping others to get involved in the industry!
On today’s show Sam and I discuss the thought process surrounding debt and real estate. Most people believe that it proper to pay off debt before they consider investing in real estate, but is this true? Find out on today’s show.
Key Points From This Episode:
- What phantom appreciation is
- Should you invest or pay debt?
- The coming recession and what to do about it
- Do banks have the power to call your loan due?
- Sam’s first 3 years getting 0 deals done
- How to be worth 1 million dollars
- What the debt acceleration method is
- Sam’s vision for North Korea
Links Mentioned in Today’s Episode:
Recommended Book:
Rich Dad Poor Dad by Robert Kiyosaki
Listen to this books for free!
Lifestyle Design App:
BTM 89: $8 Per Hour to Multi-Millionaire in 4 Years with Daniel Ameduri
Daniel Ameduri is a self made multi-millionaire. After warning family and friends in 2007 about the coming market and mortgage collapse, he started his own YouTube channel, which has received 10 million video views. Even with a great calculation of the crash he failed through it and shortly after began to pick up the pieces as well as a special focus and passion for personal finance, he re-built his wealth and declared financial independence in 2012. Having no mortgage and enough rental properties to pay for his life style, he was able to build his business larger than he could have ever imagined.
On today’s episode we discuss the importance of personal finance and self help. The major influences in Daniels life had opposing viewpoints, Robert Kiyosaki and Dave Ramsey partly cultivated Daniels business and his interest in investments. One really fascinating thing about daniel story is how terrible his credit is (below 500) and how he doesn’t let it stop him from being an investor to be reckoned with.
Key Points From This Episode:
- How Daniel travels 5-Star everywhere he goes
- How Daniel spends $50,000 a year on wine
- The difference between Retirement and Financial Independence
- Robert Kiyosaki vs Dave Ramsey
- Why it may be better to pay off your Home
Links Mentioned in Today’s Episode:
Before the Millions Book:
Rich Dad, Poor Dad
BTM 44: Recession Proof Investing After a 2008 Cataclysmic Crash with Kevin Bupp
The Crash is coming! So they say. There’s no real way to actually know if we are facing a crash soon. What we do have is historical data and people with experience who’ve weathered the storm and have lived to tell about it. Today’s guest, has done just that losing everything he worked so many years for in just a few short months.
Todays guest, Kevin Bupp, is a Florida-based Real Estate Investor, top iTunes podcast host and serial entrepreneur with over $40 million of real estate transactions. His extensive investment experience spans the gamut of apartment buildings, single-family homes, office buildings, raw land, condos and his favorite and by far the most profitable for him, Mobile Home Parks.
We touch on this extensively and why Kevin thinks these parks are such good investments. More importantly we discuss his experience with the crash and lessons learned so that you can avoid those same pitfalls if we do in fact have another pending crash looming above us.
Lastly, I’d like to leave you with this. Wealth is rightfully yours and ready for the taking – so much so that God himself has already ordained it. If this confuses you then be sure to listen to this episode and I’ll discuss it further in the Tip of the Week!
P.S We’re Hiring! —–>>>> click here for job openings
P.P.S Live Q&A this Thursday @ 1pm CST! —–>>>> click here to join
Links mentioned in the show:
Mastering the Rockefeller Habits
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