Neal Bawa, CEO of Grocapitus and MultifamilyU, employs a data-driven approach to real estate investing that effectively removes speculation from his decision-making process.
He uses population growth, income growth, home pricing growth, job growth, and crime reduction as criteria in his strategy.
Bawa says “data beats gut feel 100% of the time.”
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Neal Bawa, CEO of Grocapitus and MultifamilyU, didn’t set out to become a force in the real estate investing arena. It just kind of turned out that way.
In fact, his introduction to the space was anything but conventional. It all started on a whim.
“I’m a technologist that accidentally found his way to real estate, basically in kind of a reverse fashion,” Bawa said on the Millennial Investing Podcast. “In 2003, my boss — who was the CEO of a technology education company — asked me for help to build campuses from scratch.”
He continued: “At the end of it, we had a stunning campus that vaulted our business to the next level and made it impossible for our San Francisco Bay area competitors to compete with us.”
Bawa was hooked. He’d seen his initial investment transition into a formidable competitive …read more
Source:: Businessinsider – Finance