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

NeighborhoodScout

Surely You're Joking, Mr. Feynman!

StretchLab

Peter Pomeroy Email Address

Peter Pomeroy on LinkedIn

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Welcome to another episode of Passive Income Through Multifamily Real Estate. Joining us in conversation today is Tom Laune, founder of Bulletproof Wealth. Tom kicks off our conversation by giving us an overview of how banks make money and why that is important, before he gives us a definition for another way to process your money: infinite banking, which originated in Austria. He tells the story of losing his high-frequency hearing while working in the music industry, which sparked his realization that it’s so important to protect your livelihood. It was also through this experience that he learned the importance of moving forward one step at a time. Tom’s message comes down to the fact that you have to trust the person you are investing with, and he points us in the direction of a free resource he provides on his website, videos to guide your decision-making and help you to self-educate. In closing, he reminds listeners that changing the way you manage your finances is a process, and it’s not about the rate of return. We hope you join us to hear him pass along these lessons from his life and business today. 

Key Points From This Episode:

• An introduction to today’s guest, Tom Laune.
• Tom’s overview of how banks make money and why that is important.
• The crux of what he does: helping people to understand how banks make money and teaching them to do it themselves.
• Why everything he does is customized to individual customers.
• What infinite banking is: a process of controlling your personal banking in your own life.
• Term insurance and building equity which becomes yours.  
• How a whole life policy protects you against fluctuating values.
• The main difference between banks and insurance companies.
• Why Variable Universal Life is a highly volatile product in comparison to Whole Life.
• Eligibility and funding requirements to qualify for Whole Life
• How the longer you fund it, the more it compounds.
• How insurance works to replace your income.
• The age-limited basis that Whole Life operates according to.
• How Tom is taking people’s real estate return of 12% and taking it to 200%.
• The long-term strategy leading up to your cash value increase to exceed what you put in.
• Why you get more life insurance while your cash value is going up.
• Why he invests in people rather than investments.
• Why he believes life insurance is so much more reliable than any bank.
• Where you can get his videos for free: on his website.
• Why the most important thing is always to be comfortable with the person you are lending from.
• The catalyst that put him on this track: losing his high-frequency hearing while working in the music industry. 
• What it was like to lose his hearing.
• The hope that disability insurance created in his life.
• The importance of moving forward one step at a time.
• What he wants listeners to leave knowing: remember that this is not about rate of return, and know that it is a process. 
  
  

Links Mentioned in Today’s Episode:

Tom Laune on LinkedIn

Bulletproof Wealth

Limitless Estates

Passive Income Through Multifamily Real Estate Facebook Group

APT Capital Group

Weathering the 2008 market crash is no mean feat, and some fared better than others. Talking to us today about the hurricane he faced when the recession began, and the lessons he learned from the process, is entrepreneur, author, real estate trainer, public speaker, and personal coach, Mike Morawski. Mike started his professional career as a pool contractor, but through a series of events, transitioned into real estate in the early 2000s. We find out how he learned all he could from those who had succeeded, and why he prefers diving right in instead of dipping a toe. We hear how Mike moved from residential real estate into syndicates, and the techniques he used to raise capital and recruit investors. Mike also gets candid about the five big mistakes that he made when building the portfolio: growing too fast, being undercapitalized, being overleveraged, not paying attention to the red flags, and finally, not listening to those close to you. From helpful advice regarding being upfront, and paying attention, this first part of the two-part series with Mike is a fascinating listen. So, to learn from one of the greats, tune in today!

Key Points From This Episode:

• Welcome to Mike Morawski, entrepreneur, author, real estate trainer, public speaker, and personal coach.
• An introduction to our newest host, Peter Pomeroy.
• How Mike moved from being a general contractor, into real estate. 
• Why it’s important to learn from those who have succeeded.
• Mike’s thoughts on “Dipping a toe” compared to jumping right in. 
• Why Mike moved from residential real estate to syndicates. 
• How Mike raised capital and recruited investors. 
• Who comprised Mike’s team, and the five big mistakes he made.
• The perfect storm: how the crash in 2008 affected Mike’s business.
• The lessons Mike learned from the crash. 
• Where you can get hold of Mike, and what to expect from part two! 

Links Mentioned in Today’s Episode:

Mike Morawski on LinkedIn

Mike Morawski on Instagram

Mike Morawski Email

My Core Intensions

Passive Income Through Multifamily Real Estate Facebook Group

APT Capital Group