All Forum Posts by: Eric Bleau

Hi Jeffery. Grocapitus started in April 2018. We have already had one exit, 22% IRR. We have 4 properties for sale this and next quarter, so please ask again in 3 months and in 6 months. The two that are already in contract will have 14% IRR (Chelsea Place closing next month) and 21% IRR (Lakewood Oaks closes in late July).

Regarding Botanica Southpark, we did indeed have 200 investors subscribe overnight. Many of these were part of our early access program and received information on the project before the webinar, but overall because people know we sell out right away they submit their soft commit, and then do their due diligence before wiring their money. This is very common in the syndication industry. We do not penalize people for pulling their docs out if they change their minds after submitting their docs. For the Houston Fourplex decks vs the Botanica Southpark renders - they are the same in terms of layout because they are the same programmatic model, which has been carefully value-engineered, and is being built in different markets in Texas. This gives our developments the ability to scale as we are very knowledgeable about our build process, materials and costs. Please note that Grocapitus offers either investing in syndications or buying new fourplexes - two very different products for two very different types of investors, although many investors do both through us.

While Harish may have had a poor experience with Financial Attunement, Neal was a Junior partner in that company and left in 2018. As such he is no longer a decision-maker on those projects. He is however the CEO of Grocapitus, and our projects run well and our investors have regular updates and a very different experience from what is being described. We welcome you to contact us and find out for yourselves who we are and why over 200 people have the confidence in our company to submit their docs immediately upon release of our projects to market.

Neal used to work as a Junior Partner at the company that Jeff is mentioning. He left the firm several years ago, because the assets were not being managed tightly enough. The investor loss incident being mentioned (flamingo las Vegas) is an event that has occurred in Q3 2020. The Buffalo project mentioned by Jeff has been substantially delayed but is very likely to get built and perform. Nonetheless, a black mark for Neal, regardless of the fact that it’s a past company that he worked for.

Grocapitus’ own portfolio of 13 projects has performed well for years, including post-COVID, which is a stronger indication of Neal’s direct leadership as the senior partner in the firm.

Hi Brandon,

Location Magic is an awesome event.  Neal Bawa demonstrates live his data-driven approach to finding the best cities and neighborhoods to invest in.  I would not miss it.  In fact, I'll be there too.
Cheers,
Eric

Hi Joseph,
This is going to be great.  At Grocapitus Investments and Multifamily University, we use many VAs.  In fact most of the company are VAs.  We don't Facebook Live the events, but we do video record them. If you join our Facebook Group, Magic of Multifamily, we will post it here when ready.
Cheers,
Eric

https://www.facebook.com/groups/MagicOfMultifamily/

Magic of Multifamily,

LOCATION MAGIC WORKSHOP - The ultimate guide to finding the best cities & neighborhoods for real estate investment

What you'll learn

By the end of this incredibly powerful hands-on workshop, you will be able to pull up any city in the U.S., and confidently pick the fast-growing portions of the city, point out the path of progress, and outline the zero-growth (and negative growth) areas of the city. Join us for 90 minutes of the most eye-opening (and potentially lucrative) real estate learning of your life.

Description

Watch or follow along as Multifamily Expert Neal Bawa performs a series of data-driven web demos and exercises that will instantly turn you into an expert on ANY city or ANY neighborhood in the U.S. in just 60 minutes flat.

Neal will take you on a fascinating and eye-opening map-driven journey through the U.S. where you will learn how to use critical metrics like household income, poverty level, and unemployment levels to select cities and neighborhoods, in a graphical, simple to use way.

Watch in amazement as Neal shows you the path of progress as it flows like a river through a city, visually identifying the best investment locations.

By the end of the workshop, you will be able to pull up any city in the U.S., and confidently pick the fast-growing portions of the city, point out the path of progress, and outline the zero-growth (and negative growth) areas of the city.

All demos will be performed using free tools that you can access without a subscription. No PowerPoint !!

Armed with this detailed knowledge, you will be able to accurately identify hot and emerging real estate markets and avoid wasting your time and money in flat or declining markets!

About the presenter

Neal Bawa is a technologist who is known in the real estate circles as the Mad Scientist of Multifamily. Besides being an entertaining speaker, Neal Bawa is a data guru, a process freak and an outsourcing expert. Neal treats his $200 million-dollar multifamily portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is that we can only manage what we can measure. His second mantra is that data beats gut feel by a million miles. These mantras and a dozen other disruptive beliefs drive profit for his 500+ investors.

Please RSVP
https://www.eventbrite.com/e/location-magic-real-estate-workshop-with-neal-bawa-tickets-75612381669

Learn more about Multifamily University

https://multifamilyu.com/

Join our awesome Community of Multifamily Investors on Facebook

https://www.facebook.com/groups/MagicOfMultifamily/

Become an Omnipotent Work GOD using Virtual Assistants (VAs), find more free time while growing your business 10X faster.

By the end of this incredibly powerful show and tell workshop, you will be racing to the exits so hire your first virtual assistant. Neal Bawa is known nationwide for his magical army of Philippine virtual assistants. This army puts in over 30,000 hours a year into Neal’s business and personal life.

People ask Neal – 30,000 hours a year is an insane amount? What do these virtual assistants do all year? Neal’s answer is – What don’t they do? Name a department and the VAs are all over it --- operations, sales, marketing, accounting, investor lead generation, investor management, tenant lead generation, tenant lead processing, delinquency management, human resources, property management audits, renewal management, reputation management. And these are just some of the departments that VAs are turbocharging.

Neal will blow your mind with demo after demo, system after system, process after process that leverages his virtual assistant army to create explosive growth. Just some of the demos that you will see in real-time:

RECRUITMENT - How to recruit the best virtual assistants in the world

SALARIES - How much to pay them – initial salaries, raises, bonuses

ACCOUNTABILITY - How to ensure that every single minute that they spend is accountable and fruitful

TIME TRACKING - How to track their time and how to rank them in terms of productivity

COMMUNICATION - How to communicate with them in real-time

TASK ASSIGNMENT - How to assign tasks and projects to them using 2 min audios and 2 min videos

TASK COMPLETION - How to ensure that they complete tasks and projects in time

CHALLENGES – the major issues that you will face, including Absenteeism and lack of timeliness

LEAD GENERATION – How the virtual army is generating 30,000 tenant leads for Neal’s portfolio

LEAD PROCESSING – How the virtual army is processing these leads to set thousands of tenant prospect appointments at Neal’s properties

PERSONAL TIME – They even plan and executive 5 exotic vacations per year for Neal and his family !!

If there is one presentation that you should see this year to give yourself the gift of time and the gift of effortless scaling, it's this one.

Since we know many of you are coming straight from work and won’t have time for dinner, we will be serving food and drinks. We have started a tradition of serving tasty delights from your favorite local restaurants. Come and enjoy dinner and wine on us and learn about the wonderful world of outsourcing from Neal.

About the presenter

Neal Bawa is a technologist who is known in the real estate circles as the Mad Scientist of Multifamily. Besides being an entertaining speaker, Neal Bawa is a data guru, a process freak and an outsourcing expert. Neal treats his $200 million-dollar multifamily portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is that we can only manage what we can measure. His second mantra is that data beats gut feel by a million miles. These mantras and a dozen other disruptive beliefs drive profit for his 500+ investors.

Learn more about Multifamily University

https://multifamilyu.com/

Join our awesome Community of Multifamily Investors on Facebook

https://www.facebook.com/groups/MagicOfMultifamily/

Join the Real Estate Round Table as we welcome Randy Just. He will dive deep into the numbers of how to analyze a real estate deal. Whether you're flipping a property or plan to hold it, BRRRR method, you need to know your numbers. As it's often said in the real estate investing community, "you make your money when you buy." Randy will demonstrate his approach to the numbers using real examples of his flips and the spreadsheet he uses to calculate deals. So, join us an learn from one of the best local flippers in our real estate investing community.

RANDY JUST

Contrary to popular lore, Randy didn’t pop out of his mother’s womb with a fist pump exclaiming Let’s Flip This House. He has worn other hats prior to flipping homes.

Randy is an ex-bean counter and financial applications software engineer. On his life journey he got bit by the Real Estate bug. Prior to receiving his Real Estate license over a decade ago, he purchased multiple unit properties for long term investment.

After binge watching TV shows of the Flip This House genre, he decided to take on the challenge himself. He has flipped a wide variety of homes from the smelly to the ugly to the disgusting. Randy often mentions that the homes he purchases “speak to him” in terms of color selection and work to be done. His flipped homes are often the best in the neighborhood selling for top dollar regardless of market conditions. Randy’s focus is on developing a reputation for quality homes and repeat business from the real estate community. Often noted Randyisms are “If I see the buyer of one of my homes in the Grocery Store, I don’t want to run from them” and “You make your money when you purchase the property”.

In doing his flip homes, Randy follows an analytical strategy of determining purchase price and necessary improvements to obtain maximum resale value.

Real Estate Round Table Meetup

Just Know Your Numbers – Real Estate Deal Analysis with Randy Just

Monday, January 14, 2018, 6pm-9pm

Fulton 80 Taphouse

2600 Auburn Boulevard Sacramento

(Inside the Ramada Hotel)

Find us on Meetup

https://www.meetup.com/Meetup-RealEstateRoundTable/events/255636900/

Join our real estate investing community on Facebook

https://www.facebook.com/groups/RealEstateRoundTable/

Who Wants to be a Millionaire?

Powered by Bootstrap REI Flash Cards by Ryan Nickel

Would you like to be a real estate tycoon? Well, here's your chance to become one. The Real Estate Round Table will be hosting a live game show based on the popular TV game show, Who Wants to be a Millionaire? We have adapted Ryan Nickel's Bootstrap REI Flash Cards into questions used in the game. Contestants will be selected randomly to participate in the game, the only requirement is to show up. Give yourself a competitive advantage by getting your own Bootstrap REI Flash Cards and studying them prior to the next meetup. Here's your chance to challenge your real estate knowledge, compete for prizes, and be part of this once in a lifetime experience. So, join us at the next Real Estate Round Table Meetup and make history.

Please RSVP at Facebook

https://www.facebook.com/events/950685898451093/

Link to get your own Bootstrap REI Flash Cards.

https://bootstraprei.thrivecart.com/bootstrap-flashcards/

Join our online community of awesome real estate investors.

https://www.facebook.com/groups/RealEstateRoundTable

Hi Jay,

We look forward to seeing you Monday, November 26th at the Real Estate Round Table Meetup.  Check out our Group on Facebook.  https://www.facebook.com/groups/RealEstateRoundTable/

Cheers,

Eric