194: Duplex to 600+ Apartments with Jason Pero

Pero Real Estate was formed in 2001 by Jason and Nadia Pero when they purchased their first duplex. They now own and operate over 650 residential rental apartments in Erie/Northwest Pennsylvania. PRE’s primary focus is the acquisition and rehabilitation of distressed residential housing. We look to be part of the revitalization of downtown Erie by improving it’s overall housing stock one property at a time.
Neal speaks at Multifamily events, IRA events & meetups across the country. Nearly 2,000 students attend his multifamily seminar series each year and hundreds attend his Magic of Multifamily boot camps. Neal is the co-founder of the largest Multifamily Investing Meetup network in the U.S. (BAMF), a group of investors that has over 4,000 members.

Neal is an accomplished single family and multifamily investor. Currently owns single families, duplexes, triplexes and quadplexes in CA and IL. Active and passive investor in multifamily and commercial syndications in TX, NC, KS, OH, NV, UT, FL and IL. Taught Fundamentals of Multifamily investing, Real Estate trends and deal analysis to 1000+ students, including investors from three different IRA companies. Raised tens of millions of dollars to buy 200+ unit students housing and multifamily projects.

Neal has a special knack for teaching and gets rave reviews from his presentations and training sessions. Neal also enjoys meeting with people one-on-one to understand their real estate goals, aspirations and challenges.

Neal is a backyard tomato farmer and a protein diet health nut. He believes in positivity and Karma, is passionate about cricket and about the enormous potential of self-driving electric vehicles to solve the global climate crisis.

Key Points
Using technology to understand the fundamentals of real estate
How to evaluate markets
Why data is important
Knowing what sources are reputable
Why Neal is over paying for large multifamily
Lightning Questions
What was your biggest hurdle getting started in real estate investing, and how did you overcome it?
Neal lead with value to people who knew more about real estate investing than him.
Do you have a personal habit that contributes to your success?
Neal ends every day with a plan for the next.
Do you have an online resource that you find valuable?
MultifamilyU.com
WeAreApartments.org
What book would you recommend to the listeners and why?
The One Thing – Gary Kelly and Jay Papasan
If you were to give advice to your 20 year old self to get started in real estate investing, what would it be?
Don’t drink the real estate kool-aide. Stick to your ethics.
Resources
Visit Audible for a free trail and free audio book download!

MultifamilyU.com

GroCapitus.com

Contact Neal: Neal@multifamilyu.com

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193: BRRRR – Friday Fundamentals

If you are a beginning investor, you might realize that a limiting factor to buying real estate is your own capital. There are creative ways you can get around this though. From partnering with others, to generating capital by fixing and flipping properties, to the ever-creative BRRRR strategy.

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192: Data Driven Investing with Neal Bawa

Neal Bawa is Founder and CEO at Grocapitus Investments, a commercial real estate investment company. Neal sources, negotiates and acquires commercial properties across the U.S. for 200+ investors. His current portfolio contains over 1000 units, with a projection of at least 2000 units in 12 months.

Neal speaks at Multifamily events, IRA events & meetups across the country. Nearly 2,000 students attend his multifamily seminar series each year and hundreds attend his Magic of Multifamily boot camps. Neal is the co-founder of the largest Multifamily Investing Meetup network in the U.S. (BAMF), a group of investors that has over 4,000 members.

Neal is an accomplished single family and multifamily investor. Currently owns single families, duplexes, triplexes and quadplexes in CA and IL. Active and passive investor in multifamily and commercial syndications in TX, NC, KS, OH, NV, UT, FL and IL. Taught Fundamentals of Multifamily investing, Real Estate trends and deal analysis to 1000+ students, including investors from three different IRA companies. Raised tens of millions of dollars to buy 200+ unit students housing and multifamily projects.

Neal has a special knack for teaching and gets rave reviews from his presentations and training sessions. Neal also enjoys meeting with people one-on-one to understand their real estate goals, aspirations and challenges.

Neal is a backyard tomato farmer and a protein diet health nut. He believes in positivity and Karma, is passionate about cricket and about the enormous potential of self-driving electric vehicles to solve the global climate crisis.

Key Points
Using technology to understand the fundamentals of real estate
How to evaluate markets
Why data is important
Knowing what sources are reputable
Why Neal is over paying for large multifamily
Lightning Questions
What was your biggest hurdle getting started in real estate investing, and how did you overcome it?
Neal lead with value to people who knew more about real estate investing than him.
Do you have a personal habit that contributes to your success?
Neal ends every day with a plan for the next.
Do you have an online resource that you find valuable?
MultifamilyU.com
WeAreApartments.org
What book would you recommend to the listeners and why?
The One Thing – Gary Kelly and Jay Papasan
If you were to give advice to your 20 year old self to get started in real estate investing, what would it be?
Don’t drink the real estate kool-aide. Stick to your ethics.
Resources
Visit Audible for a free trail and free audio book download!

MultifamilyU.com

GroCapitus.com

Contact Neal: Neal@multifamilyu.com

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191: Problems & Solutions – Friday Fundamentals

Solutions
For every problem there are a million and one different solutions, perspectives, and approaches. The solution is in the eye of the beholder. No matter what we do in life, we’ll face problems that we have to deal with. I say deal with because not all problems have to be solved. You can take the classic “ignore the problem” approach, let someone else solve it, or a number of different options. In fact, there are more problems than you can solve so you have to ignore some of them, or at least be content with not being able to solve all of them.

Problems often times are opportunities. Problems can show us where we can improve, what’s working and not working, and teach us how to overcome those challenges.

We, as people, tend to be a bit conceded. Admit it. Sometimes we think we are special unlike anyone else. We even more so think our problems are special and unique to us. Now sure, we are all individuals and unique in our own sense. But you might be surprised how similar our problems are. Each and every one of us share at least some of the same problems, from time constrictions, to financial capacity, finding our purpose, etc.

In an effort to solve our own problems, we, or at least I, have the tendency to over-complicate things. We think we have to develop some grand plan with tons of moving parts and have everything exactly planned out in order to solve out problem. However, this is often just not the case.

The solution to any problem starts with your perspective. Let’s take a look at how to approach problems.

If you look at the problem as a huge burden that us unsolvable, then guess what? That problem will be huge and unsolvable.

“We cannot solve our problems with the same thinking we used when we created them.” – Albert Einstein

Frame the Problem
When faced with a problem, you can either solve it, not solve it, or ignore it.  Every problem is like a coin, on one side you have the problem, and the other you have solutions. Here are a few different ways you can approach a problem.

Search for a simple solution. Problems usually aren’t as big as the may seem in the present. Think back to a time when you were faced with a problem. What was it? How did you handle it? What solution did you provide? Looking back, was that problem as big as you thought it was in that moment? Likely not. Most problems can be solved by doing one simple thing. Just one step, and you can be on your way to solving that problem in your way. That might be making that one phone call, paying that one bill, organizing that one LLC, etc. It’s often not a huge drawn out endeavor, no matter how daunting it may seem in the moment.
Look at the positive. If you are faced with a problem, take it on as a challenge. Try to find a way that you can turn this negative into a positive. Have to evict that tenant? No problem. Now you get to learn how your eviction laws work, and may even build a new relationship with a good real estate attorney. Have a flat tire? No better time to learn to change that flat than now!
Get Creative. Like we mentioned, there are a million different solutions for every problem. Dig deep into that tool belt of yours and find the fix.
Understand that you have never experienced a problem you couldn’t solve. This may sound bold, but I challenge you to think of a problem that you didn’t overcome. The fact that you are here today listening to this podcast is proof that you can overcome anything. With that perspective, the problem will pale in comparison to the things you’ve already accomplished
Don’t stress.  “If you can solve your problem, then what is the need of worrying? If you cannot solve it, then what is the use of worrying?” – Shantideva
Find the Solution
Don’t look at problems as defeats or roadblocks. Instead look at them as opportunities to solve challenges, grow, learn and help others and yourself.

“The best way to become a billionaire is to help a billion people.” Peter Diamandis

You are capable of much more than you might realize. Seek out problems. Solve them. Take them head on.

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190: Bank on Yourself with Mark Willis, CFP™

Mark Willis is a Certified Financial Planner™, a #1 Best Selling Author and the owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois.  Over the years, he has helped hundreds of his clients take back control of their financial future and build their businesses with sophisticated, tax-efficient financial solutions.

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