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Millionaires Unveiled

167: Net Worth of 5M - The Impact of COVID on Multifamily Real Estate

Millionaires Unveiled

Jace Mattinson

Investing, Millionaire, Financialplanning, Business, Self-improvement, Education, Finance

4.8872 Ratings

🗓️ 4 January 2021

⏱️ 43 minutes

🧾️ Download transcript

Summary

Neal Bawa has a current net worth of between five and ten million dollars. He shares his story and investment allocation which includes primarily real estate but also gas stations, hotels, fourplexes, and stock market equities. He discusses how COVID has impacted his collection and vacancy rates and also how he started in real estate. Neal is a big believer in Karma, and building up a reserve of good things to come in the future. Check out his free course at: https://www.udemy.com/course/realfocus/

Email us at - [email protected]

Website - www.millionairesunveiled.com

Twitter - @Mill_Unveiled

Transcript

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0:00.0

What COVID has shown us is that even the most stable businesses, even the businesses with the highest level of brand, can all of a sudden be hurt.

0:10.0

If Nordstrom can be threatened to go out of business,

0:14.0

if you know American Airlines and other very profitable airlines

0:17.8

can all of a sudden be begging for money from the government,

0:21.5

any real estate sector is vulnerable to disruption both of the

0:26.4

Black Swan kind and also of the technological kind.

0:29.0

You're listening to the Millionaires Unvealed Podcast,

0:33.5

where you'll hear the stories and interviews of everyday millionaires.

0:38.0

We'll unveil their decisions, their strategies,

0:42.0

and their current portfolio allocation.

0:44.5

Now to your hosts, Clark Sheffield and Jace Mattson.

0:49.7

All righty, welcome back.

0:50.8

Another episode of the Millionaires Unveiled Podcast where we tell the stories and strategies of everyday millionaires this is episode one

0:57.2

67 jace happy new year. What's going on?

0:59.8

Happy new year to you man not a whole lot just getting ready. Yeah, 2021 finally over, huh?

1:05.2

It's in the rearview mirror and it'll go down in the history books is one of the craziest news I think we've ever experienced.

1:11.6

Do you look back at that year fondly or like I'm glad we're done or a little bit of bull?

1:15.7

For me it's been a little bit of both.

1:17.2

I mean there's a lot of bright things, especially on the home family front and home front

1:21.5

and financial front. You know, know there's also been you know

1:24.8

some tough challenges obviously we haven't been able to see family as much as

1:27.8

normal we've had a canceled trip and you know we had to address a lot of things in our

...

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