With all the investor exuberance attributed to Opportunity Zone investing, many lose sight of the need for extensive due diligence – not so at the Opportunity Zones Authority! They know most opportunity zone projects are located in areas that will never improve. So how do you find high quality Opportunity Zones to invest in? In this podcast, listen to Neal Bawa from Grocapitus Investments and MultifamilyU as he discusses why he says “data is the oil of the 21st century”, the five questions you MUST ask developers before investing into their project, and why it’s so important to get two very crucial documents that you must have to confidently prove project validation through an independent third party – all while using his latest Opportunity Zone project in Provo, Utah to illustrate his strategic way of identifying properties.
Demographics is all about measuring the things that matter in real estate. What few seem to realize with Opportunity Zone investing is that focusing on the preservation of capital should be your first concern regarding each project. Tax benefits are great, but mean absolutely nothing if the project you invest in does not turn a profit (or worse, completely fails). You’re more a speculator rather than an investor if you don’t follow the due diligence suggestions mentioned in this podcast. There are great projects in great opportunity zones, but you have to put in the time and work to find them. In just 60 minutes, with information readily available online (and in many cases free) such as InvestReal.com, you can do your own research to locate the very same types of properties with the very same investment criteria that Mr. Bawa highlights on the podcast that will help you win big on these Opportunity Zone areas and projects within the QOZ Marketplace.
Mr. Bawa has already done all this work with his latest Opportunity Zone project in Provo, Utah which is now accepting investor money. After listening to this podcast, you’ll learn why population growth rate, quality of life score, and home value growth rate among many other factors make this project so attractive. But don’t look at the pictures (although they’re really impressive)… As Neal says, look at the numbers instead! They’re much more pretty when you find a great project! Interested in investing or getting more info? Learn more about his “Mill Race” mixed use condo/multifamily/office project here: https://www.grocapitus.com/provo
ABOUT OUR GUEST: Neal Bawa
Neal Bawa, affectionately known by his friends as “The Mad Scientist of Multifamily” is a technologist and entrepreneur in love with the power of numbers to create profit for his real estate investors. He is the CEO / Founder at Grocapitus, a commercial real estate investment company. Neal acquires Commercial properties across the U.S., for 300+ investors with a current portfolio of over 1800 units/beds, and projected to be at 3,000 in 12 months. The portfolio includes Multifamily and student housing properties in 7 U.S. states.
Neal also serves as CEO at MultifamilyU, an apartment investing education company. He is a top rated speaker at conferences & events across the country. Nearly 4,000 students attend his multifamily seminar series each year and hundreds attend his Magic of Multifamily boot camps. Tens of thousands hear his podcast appearances and he has been featured in over two dozen podcasts and radio shows. His management techniques and revenue optimization techniques for Multifamily are considered unique in the industry.
Neal is the co-founder of the largest Multifamily Investing Meetup network in the U.S., a group of investors that has over 4000 members. Neal raises over $15 Million dollars a year for his projects.
All information provided is for informational purposes only. This information is not intended as legal or investment advice for anyone to make an investment in any one particular company and is not intended for any companies to rely on this information to form an opinion to go public or not to go public or to do any type of offering of securities. You must check with a securities attorney to find out if an offering is for you, or if you are going to be in the business of selling any type of securities, you need to make sure you are following your state and federal legislative law so you do not get into any troubles. Do not use the opinions as stated on this show as any way to form an opinion as what is wrong or right or what could be done for your business or as an investor.