Episode #242: The Mad Scientist of Multifamily: Using Technology to Find Better Real Estate Deals with Neal Bawa

I wanted to get back to the whole idea that the markets that we invest in are really the most important thing for us to focus on.

right? So if you were going to give some advice here to people on choosing the market, what would, what would like the core aspects be that you would look for? Like even just like the top three, let's say, you know, that would help someone decide, throw this into, you know, chat or whatever they're using to help decide on what markets would be best.

So, There's about six metrics that I'd like to mention and you can pick and choose, right? So there's, uh, for any market population growth, job growth, home price growth, um, crime, um, Incoming supply as a percentage of inventory.

This one's technical because it's not demographic in nature.

It's real estate.

Incoming supply as percentage of inventory.

And then last 12 months rent growth.

None of these were available for free before.

Now they are or they can be computed or imputed.

So these are all metrics that I would use when ranking a sub market and comparing it to other sub markets.

Yeah, very good.

I think that this is pretty fascinating.

All this stuff that you told us and most of it can actually be used really for anything.

We're just here applying it for real estate.

You know, I think that, yeah, that it's very valuable.

You could probably throw it into every aspect of your life.

So this is pretty fascinating.

Yeah, like