10: Vinney Chopra – Oversubscribed Funding in Two Hours

Show Notes

Vinney’s Contact Info:
https://www.facebook.com/VinneyChopra/

https://www.instagram.com/vinneychopra/?hl=en

https://www.youtube.com/channel/UC_SGeOpnIHvXWqZE9dMUdlw/featured

Email: Vinney@VinneyChopra.com

[00:02:08] Vinney has two different podcasts.

Syndication Made Easy with Vinney (Smile) Chopra: https://podcasts.apple.com/us/podcast/syndication-made-easy-with-vinney-smile-chopra/id1473126675

Mr. Smiles Motivation Talk Show: https://podcasts.apple.com/us/podcast/mr-smiles-motivation-talk-show-vinney-chopra/id1474284264

[00:03:49] Vinney’s website is www.VinneyChopra.com

[00:04:42] Apartment Syndication Made Easy: A Step by Step Guide: https://amzn.to/2qD3EY6

[00:23:43] Vinney now buys B-, B products. Millennials like to live in communities with nice amenities, exercise rooms, resort-style swimming pools, Jacuzzi, hot tubs, BBQ areas, on-site dry cleaning pick up, dog parks, valet trash, cover parking, dog wash, etc.

[00:26:36] Vinney’s mastermind is $4,997 and online course is $2,497

You can schedule a strategy call with Vinney’s team at https://bit.ly/348zjhS

[00:28:46] You can create an all-around win situation with a syndication. Residents get to live in premier communities. Lenders/ Partners who are most likely baby boomers get to retire and use their retirement funds to invest and get a higher yield.

[00:33:03] Tell everyone you meet that you are looking for equity investor partners.

[00:42:04] Text the word LEARN to 474747 to get more information about Vinney’s program. You should also send an email with your background and your goal to Jon@VinneyChopra.com to his business advisor could help you.

[00:42:54] When emailing Vinney or Jon, please mentioned our show the Real Estate Lab Podcast with Vee Khuu. Vinney will give you $500 or $1000 off depend on the program you are interested to join.

[REVIEW] Want to get Vinney’s book? Subscribe, leave a 5-star rating and review. Then email Vee@RealEstateLab.live. I will pick 3 random winners and reach out individually.

Transcript

Vinney Chopra
Hi guys, this is Vinney Chopra right here Vinney Smile Chopra from Moneil Investment Group and multifamily syndication Academy and investing and management. And I just have this special privilege to meet with Vee. Please make sure you subscribe you’re like and listen to his great podcast, the real estate lab podcast, please go ahead and be sure to subscribe to it and leave five star reviews because he’s got great content in it. Thank you again, this is Vinney Chopra.

Unknown Speaker
Welcome to the show. You are listening to the real estate lab podcast. In this lab. we decode the stories, secrets and skills of the most brilliant minds in real estate investing then turn their wisdom into practical advice and knowledge that we can use to boost our income. And now let’s turn it over to our host Vee.

Vee
It’s a great day to be alive and to invest in real estate. My name is Vee Khuu and you’re listening to my show, The real estate lab podcast. It’s finally here. I have officially hit two digit with the show. Now awhile ago, I’ve heard some crazy stats that said, more than 70% of new podcasts don’t make it past episode seven. And I am glad to say that I’ve made it to the first milestone on this long podcasting journey.

Vee
Thank you so much for being with me on this amazing journey. Hey if you’re new to the show, welcome to the lab. If you’re brand new, and this is your first ever episode, you should go back to my very, very first episode that I’ve released, where I share the reason that I want to create a show and also a little bit about myself and my background. Also, I wanted to let you know we are back with our regular program. Last week I released a pilot episode of my Vietnamese podcast. If you did listen to it, I would love to get some feedback from you. Drop me a message at Vee at Real Estate lab dot live.

Vee
That’s V with two E’s. Don’t forget to subscribe rate and review the show on iTunes. This is a very special episode. So to mark this accomplishment, it only make sense to have someone just as special to come on and share his knowledge with us. Our guest today is first and foremost a husband, great father to Monica and Neil. He is an international best selling author and fellow podcast host of two different shows.

Vee
He’s a mechanical engineer, although I’m not sure how much of that he’s doing these days. He’s also a CEO of three different companies. Our guest today needs no introduction, but I still want to share some information about him. He is Vinney Chopra. Many of us known him as Mr. Smile. That’s right! Vinney Smile Chopra is here with us today. Vinney is a multifamily syndication expert. He has done over 28 successful syndications. He has acquired and manages a real estate portfolio of over $300 million with well over 3800 doors. Vinny currently manages four very successful companies, including MoNeil Investment Group, Moneil Management Group, multifamily Academy and youth academy. His motto is that we are entrusted to do to good in life for the people that we come in contact with each and every day. Now before jumping into our episode today, I would like to take a moment to share with you how you can get a hold of Vinny.

Vee
It’s very easy just go to his website at www. Vinney Chopra dot com as Vinny with an E. Or you can just text the word Learn l e a r n to the number 474747. All right, let’s get right to my conversation with Vinney Smiles Chopra.

Vee
Thank you for tuning in to another episode of The Real Estate lab podcast it’s my honor to have a feature guest here today who is an immigrant and his story is just so unbelievable. We have Ji Vinney Smile Chopra today.

Vinney Chopra
Hi there. Hi, Vee. Nice to Nice to be with you. I’m humbled and I’m excited to be here.

Vinney Chopra
You bet.

Vee
Awesome. So first question, I just want to ask you, I’ve read your book, right. And I’m sure a lot of people have heard your story of coming to the US with only $7 in your pocket and now you have an empire worth over $250 million. What did you buy with the $7 When I came to the US, hopefully it was not a Coca Cola.

Vinney Chopra
Actually my book. I say that you know, I was broke at five $7 because that was the only thing we could bring. It’s amazing. You know how life takes you in humble beginnings and here, right Vee? You know, I came to New York actually, if I remember correctly, LaGuardia Airport from India, I was tired. And then I was going to take another plane to go to Washington DC. And they said, Oh, no American airline is on strike. Literally. I said, What does that mean? With my accent and everything. Nobody could understand me. And I said, No, no, I gotta go there. I mean, some people are waiting to pick me up, blah, blah. I don’t I cannot reach them or something. They flew me in a helicopter. Can you believe it from LaGuardia, or all the way to you know Newark, New Jersey. Actually. Then I took Delta Airline from there.

Vee
Oh, wow. So $7 right. So was it all that you have from from India?

Vinney Chopra
No, no, not really actually what happened was my parents really didn’t want me to come here. Just just to tell the truth right there. So they definitely want to pay me any money. But my grandpa was the force behind me. And he paid for my ticket, my ticket to come here. And then of course, the Government of India and then government of, you know, here you United States. Once you are a student visa, student visa, you could only were allowed to bring $7 That’s all. So I couldn’t bring $20 30 $50 I could afford it. But just seven was done in my name.

Vee
So the US government branded you, Mr. $7. So, you know, it’s surprised to hear that because in, in your book and in another interview, you had mentioned that education play a big role in your childhood, right? You live in a quarter with six siblings? Yes. And you’re you’re you, you said that your dad had run a mini mastermind at night for y’all to study?

Vinney Chopra
Yes.

Vee
So how come he was not supporting your decision to come to the US?

Vinney Chopra
OK very good

Vinney Chopra
point very, very good point Vee. Since I was the second child from the top, you know, and then of course, my sister, my oldest sister was adopted by my grandparents. So I was the oldest and left in in the family later on in life. And then my sisters were there. So in Indian culture, parents pay for their education there. I know mine too. And then I got a scholarship, which is great. By the way, five years of Merit Scholarship. I got money from the government to go to school to do my engineering school and also books stipend, so I got paid. But the other thing was that our parents, you know how they are, they want to make sure that they don’t lose me.

Vinney Chopra
And that, you know, when I come here, I won’t go back to India, which really happened like that. Right? It was a very good boy for them because I earned money. And I was sending all the money I earned. Just keep a little bit to myself to eat and live and every dime, I would, you know, send it back. I remember in a new podcast I just recorded. I talk about my humble beginnings with my wife. When I started 39 years back, we’ve been married, and we had zero money. We had negative money, actually, you know, and now we live in a palatial $3 million home and all that and thanks to real estate, because we our portfolio has grown a lot. You’re right.

Vee
Yeah, that’s that’s tremendous. And, you know, I understand that When you came to the US here you study and you were going from a mechanical engineering background working for was it Reliance?

Vinney Chopra
Yeah, it was Reliance Industry.

Vee
I also worked for Reliance.

Vinney Chopra
Yeah, I was in master fabrication heat exchangers I always wanting to become an engineer but when I came to USA I turned into a sales guy salesperson.

Vee
Hundred 80 degrees which so from from, from the time you study in the US and you went on door to door selling Bible selling educational material, basically to earn money. How did it like what what point did it come to your mind? You say, hey, I want to invest in real estate?

Vinney Chopra
Good point. Very good point. I would say that once we got married 1980 we got married April 3, and then my company was expanding out west. Luckily, so they said our president said Vinney, would you like to move to California? I said California where you know I was living in Bowling Green my wife and I, we had cockroaches in our apartment I remember that she’ll say get me out of here you know. And then my president said you know, California she jumped on that idea and I did too. So we moved out here.

Vinney Chopra
We took five days travel in the car, and then they moved our stuff here and everything. But then people out here my circle of friends, they were in real estate, look at that, how the luck will have it. If I were there in Ohio, maybe I won’t be exposed to what I’m exposed to whilst living in California. So they were talking about or they were in single family home they were in shopping center. They were and I would listen to them, you know, and I started buying also lease for purchase to lease for option kind of deals in

Vinney Chopra
all over the place but a lot of single family homes.

Vee
That was it all around the Bay Area. Yeah,

Vinney Chopra
Bay Area, not too many in the Central Valley. We owned our first home was $99,000. Home, humble home, and then we sold it for 148 or 146. Then we bought $210,000. Home, because we upgraded it. Then we sold that one for 346. Then we bought another one for for $458, whatever. And we still own it, it’s worth 1.4 million or something, then we bought this one, just about four months back four or five months back. So we only have now the old home the lived in for 28 years. Just from here, just outside this black hawk Country Club. I mean, this is a good thing. It’s a power of suggestion, power of telling yourself that you know, maybe one day I want to live in the country club, and that’s something everybody should really think big. I talk about that all the time.

Vinney Chopra
It has happened in my life and it will happen in many people’s life. If we live with positivity with abundance with law of attraction, because many times you don’t know who’s going to come in your life. And I didn’t know about syndication I didn’t know about apartment investing anything. I’m d 2004 2004. That’s when the 15 years back.

Vee
Yeah. So for 2004 I heard that you bought a course from Dave Lindahl on eBay.

Vinney Chopra
Yes.

Vee
See, folks, you know, you don’t really need to pay a lot of money up to learn this business and Vinney did it with $300.

Vinney Chopra
I sure did. But later on, I do want to confess, I did take my team in 2007. I think I started taking them to Boston, where Dave Lindahl was and I appreciated what he was and he was charging $20,000 at that time. And we did pay, we didn’t have money but I did take my team and myself and my partners, we spent$150K, hundred 60,000 in education and look at the results that are making millions of dollars now you know which is exciting, but the good part is it’s good to pay not 40 50,000 there is a lot of gurus out there, you know, but get catch somebody with 5000 or 4000 or 3000 you can learn a lot.

Vee
So the the whole idea is you pay a little bit of money you learn a little bit yes then you make a little bit of money you achieve a little bit of result, then you upgrade and you go to the next level and then you just keep on going up and keep on going up.

Vinney Chopra
So true Vee. You know, I’m and I want all your audience to understand that where I am today, but 308 million portfolio, whatever, but I started with 14 units, 14 units $480,000 $180,000 was the my first purchase. So remember, don’t worry about it getting duplex, get a four Plex get an eight Plex. I teach that in my Academy also every day, because don’t really say that I can find a way to get this point, just find every which way save the money if you’re young people, you know, in my youth academies totally free. But then the good part is, once you find and you have the attitude that a lot of people have money all around you, which is the truth, by the way, 24 trillion with a T trillion dollar money’s in the retirement funds in USA Today, right now. And out of that only three to 4% is invested in real estate. Oh my gosh. So there is a huge opportunity for us to really make a big difference in the lives of people. And that’s how you grow just like Zig Ziggler Say zero said right you know, and Jim Rohn said also if you help other people get what they want, you will get what you want that that’s so important.

Vee
right and it’s this so true and also what you said earlier too was that bought the course from eBay You didn’t have to really go to Dave Lindahl in Boston to and pay him all that money. Yeah. But besides paying for knowledge you also paying for proximity. Yes proximity is power and you to associate with someone like you, your team or even with with Dave back in the day I’m sure it was beneficial to you.

Vinney Chopra
It was very beneficial Vee. If I could tell it took us 11 months 11 months, babies born in nine months. But it took us 11 months to get our 11 units of 14 units sorry, but then also we closed on 109 units on Friday. On Monday. We closed on this 11 Went 14 units. Why am I saying that? And then hundred nine units and all for $2.4 million. That was on Friday, but we had been working with a seller with the broker for 11 months. Can you believe it? But it’s some good coach, because if we did not have a coach, I wouldn’t be here today.

Vinney Chopra
I wouldn’t be because a lot of trials, tribulations, negativism, you know, I mean, we are not excited all the time when you’re not closing deal, or you get rejections at every stage of the way. So, you know, it’s well, well worth to have a partner accountability partner and a coach or mentor.

Vee
Right. And I was one also asked you additional question on your first purchase, right? Yes. On the 14 unit, when was it?

Vee
Oh, that was way back. I think 2007 or eight, something like that. You know,

Vee
okay, so right before the crash?

Vinney Chopra
quite a bit like 11 years. Right there, right. Exactly, you know, and actually I remember why I couldn’t close some my other property was because I think it was we were buying a property in Dallas. Oh my gosh, I wish I had bought that property.

Vinney Chopra
It was fully renovated property. 120 units and REO a bank owned it but then bank while they owned it they also upgraded it Can you believe it? Oh my God, oh wow. And I got to like the loan broker and the broker was a within the bank. And he sent me hundred four pages off the renovation schedule. What they did, he said I oversaw Vinney this property smelling like a rose. And then we even talk the same bank to give us the loan. We said who is going to give us a loan, everything is going falling apart. You know the give us a little And pay for the closing cost and everything. But the last thing I remember was the crash of 2008.

Vinney Chopra
I had one and a half million raised on Friday. And Monday morning, when I call my investors, they said, Vinney, I’m not going to pull it out. Sorry. He says, I committed to you on Friday hundred thousand or 200. Last one week or so. It went down to 750. Half of my money was lost. But I didn’t give up but I could not close on that property. I wish I had. So that was something. But you’re right. You know, the thing is, you got to really say, investors money is all around us. We need to educate the investors. That’s the word.

Vinney Chopra
Don’t ask for money. Don’t ask for money from investors. It’s hard earned money. You have to be really careful because it’s hard to get even $10 from somebody right? or $20 or Hundred 5000 you put $50,000 of their hard earned money, or hundred thousand in my case now 500,000 By the way, I had my one of the parties, they have been with me for 10 years. They put $700,000 into my last deal, the $52 million. I just did it end of June of this year 2019 they put in $700,000 and another family put in $500,000

Vee
Wow, where were these investors that have been investing with you since day one?

Vinney Chopra
No the $500K one, first time, first time, but they just liked the sincerity. I think they live in Sacramento right here. They drove two hours and had lunch with me and my wife and their children came and everything somebody had referred it to them and they said Vinney, we feel so secure, what your track record is and everything. So we want to write you a check for half a million. Wow, what I mean, within two hours, that’s my best I have ever done. You know?

Vee
That’s, that’s awesome. I’ve heard anyone that were to raise that much money in that short amount of time. Yeah. That’s really awesome. So just to go back to that point earlier, you bought your first deal in 2007. And the market now kind of, do you think is similar to what you were seeing in 2007 leading to 2008? Or we’re at a different place now.?

Vinney Chopra
Okay, good point. I would say the parameters are all different Vee. We should not be worry too much at all, to be very truthful. Look at back what happened in that time. 2007 and eight in that downfall, the downturn in the economy. They were derivatives there were houses they were people having four four rental homes, stated income literally stated income I mean, nobody if you breathe, you got the loan, you know. Yes, oximeter, they call it right? Just fog a mirror right? Yeah, you got the loan, but not anymore. The the restrictions have been put now, the loans are not their mortgage companies are gone by the wayside as you know.

Vinney Chopra
I mean, you know, so it’s a whole different things. People are not in that jeopardy of losing homes as they were back then. The other thing was the junk mortgages were being sold off too and then when the shrinkage came by the economy, as you recall, when people go bankrupt or they lose their home, they went into apartments, see somebody has to live, have a short, you know, shelter over their head. So that’s what happened back then in 2007. Eight, the apartment survived.

Vinney Chopra
Apartments survived, the default rate was only 1% as compared to 50% default Rate are 59% in certain communities, you know, default rate was very high. I know one place right here in near Tracy. I don’t remember the name of the place. It was like, almost 87% you know, bankruptcies over there or something happened. I don’t know what happened. It’s back up now. But the thing is, once the jobs go, layoffs happen, then the office space shrunk, because they don’t need that many people to stay in the offices, industrial the economy drops, the GDP drops. And then of course, the products are less now consumed, buying power goes down. Hospitality gets down travel, and hotels. That’s what happened. If you look back at that time. Those are the industries that really got hurt strip shopping centers got hurt, things like that industrial and all, like I said, but apartments did not similarly in this downturn, but nobody knows when is the crystal ball what’s going to happen or anything but people are saying it’s going to be a blip, they calling it a blip now, maybe six months, seven months short lived and then back up again.

Vinney Chopra
You know, so if we buy the apartment complex buildings in the nice areas where the jobs are coming, right, so that’s what we are buying now. I used to buy C C- B- B product. Now we are buying B plus you know, A, A- now i don’t buy A at all, but we are buying like, you know, I’m saying like, B plus, you know, nice ones, and very nice where the millennials like to live. Nowadays.

Vinney Chopra
They live like to live in the amenities that they have all these beautiful, you know, exercise rooms and resort style swimming pools and Jacuzzis and hot tubs and barbecue places. All that stuff and then even dry cleaning coming there to the apartment complex to pick up their laundry and everything. Then dog parks, valet valet trash. They don’t want to take the white bag and throw it in all across the community. They want people to come and pick it up right from there outside. So those covered parking, dog wash dog parks, all those things right you know. So those are the things we are buying now. So we are finding that millennials will be needing to rent more they are trying to not by the houses anymore that much. But they are liking portability. That’s the word portability.

Vee
Wow, just right there. You have given us so many value add strategies.

Vee
I don’t know if you have a course about it but it’s all you know, each separate topic right there. You just mentioned you can have a course Yeah. And teach

Vinney Chopra
You know Vee, i have 748 lectures I’ve given so far and that’s on top of my interviews about 97 interviews I think now and then I have my own podcast now to two of them. That’s the one the motivation the Mr. smileys motivation talk show. And then also sequel to my book in apartment syndication made easy. I have the sequel to that podcast where I try to give the nuggets that my students get from me in the mastermind, my co host ask me questions, and I reply in simpler ways to teach the masses you know.

Vee
So let’s talk about your mastermind who who are these people that comes to you and how has it you know you How has your teaching has helped them out so far?

Vinney Chopra
I would love to thank you so much for bringing that up. Actually, most of my students, you’re not going to believe it. They are not that newbies. They are the ones who are brokers, their brokers, their property managers, they are surgeons, their doctors, their attorneys, their CPAs. And it’s amazing just the barrage of different people. And those flippers, wholesalers are those are the ones who have seek me out because I have crushed it in buying and managing apartments through syndication. You know, I’ve done 27 deals so far. 27 syndications by 28 will be the one we just got last week, and Fred 29 20th and all that so we’ll keep on moving.

Vinney Chopra
But the good part is that I share all my knowledge for only $5,000 people are charging $50,000 mine is only $4997. And we give rebates also if somebody can afford we can give rebates, but then my online Academy is only $2497 everything one can crush Everything by learning and watching my courses and looking through all the document library and looking at my PowerPoints in Excel, and the underwriting tool, everything they get for very, very, very low price, because I want to move 1 million people, 1 million investors. That’s my thinking is right now, you know.

Vee
So your goal is to help 1,000,00 investors?

Vinney Chopra
Yeah! And I really believe I can do that if I keep my price low, you know, the quality is there. And all my examples are live examples of everything I do daily, no examples of fabricated numbers or anything, but I show my real deals, all the deals I’ve done.

Vee
Alright, so let’s go back to the quote you brought up earlier, right? You said or Jim Rohn, you quoted that if you help enough, help enough people get what they want, you will get what you want. So your goal is to help a million investors. So what is it that you want Vinney?

Vinney Chopra
Oh, I don’t want anything in return. I don’t, because the key thing is my passion is that it’s such a great business model where we can utilize our skills to understand how to syndicate, lot of people feel that syndication is a gorilla.

Vinney Chopra
I just say that that’s why I wrote this book to make it easy in five, you know, plates spinning of the five plates, which makes it kind of easier to digest. The other part is my goal is also to help the millennials who are making more buying power, saving more money, and then downturn. I mean No, no down grading of the baby boomers see, so they are downgrading, but they are really enjoying retirement.

Vinney Chopra
But if we can put their money into real estate investments, as LP limited partners, then we be win win win win situation see, because we are giving the residents millennials Live in the communities, premier communities, and the money’s coming from the baby boomers who are retiring from the retirement funds into self directed and cash and things so they could get about, you know, 10 12 15% returns per year, you know, like that, right. And then the third thing I would say, are our giving jobs to the community managers, and the leasing agents and the, you know, our vendors and all the different maintenance people like that, because we manage all our assets. So we have two management companies, to acquisition companies and one education company. So I have five companies total.

Vee
You’re running five companies, and you’re giving talks all around the country. That is crazy. How are you managing your time?

Vinney Chopra
Gosh, it’s so easy. It’s easy. I mean, the big thing is systems, systems and systems. We have been living near San Francisco now for 39 years. We’ve been married 39 years. And remotely, we’ve been managing 100 employees, team members 100 and we do it through remote digitally by zoom meetings, where everybody is equipped with a beautifully nice computers and the webcams and all that and we use the software to manage the assets. And our accounting department is all connected through the each property we own. Then we have the HR director, the payroll persons, the accounts payable director, our VP of finance, our asset managers, regional managers, all that

Vee
it sounds it sounds like it’s a good system because you have been able to achieve so much you know, in the last 14, 15 years.

Vinney Chopra
Oh, thank you. Thank you, you know, Vee actually to be truthful I, my new company Moneil Investment Group and Moneil management group, which is a kid’s name Monica & Neil. And that is only five years old. By the way, only five years. I built it. November 19, was my first acquisition in that in that company. And then I did almost 13 acquisitions so far, in four and a half years, I would say. And then we’re going to scale up again, we’re looking at some assets, one or two more before the end of the year. And then next year, we’re looking for picking up $200 million worth 200 to 250 million. That’s our target, you know,

Vee
so you want to almost double

Vinney Chopra
Yeah, yeah. And you can and you can, you know, because I can raise millions of dollars, just to let you know, like this new one I just got over the weekend, right last week, right. We sent out soft commitments to my investors. I needed only $5.5 million I have $7.5 million already committed in soft commitment. If

Vee
So you over subscribed right away

Vinney Chopra
over subscribed yeah within 14 hours, 14 hours

Vee
oh wow

Vee
As someone is who is new in the syndication game? Can you give me some tips on how to get the I just came back from raising money someone from Adam Adam. Yes, yeah and there was a lot of speakers there many of them are your friends

Vinney Chopra
Yes, yes,

Vee
but can you share one additional tips that you know maybe I, some listener can benefit from?

Vinney Chopra
Totally Vee, I would say always have that mindset and also have the, you know, gumption or I’d say like you know, the mindset and also believe the value of abundance because investors are all around you. They are totally all around you. I would like your audience to say everybody they meet with hey guess what? I’m in commercial real estate.

Vinney Chopra
And I’m are always looking for equity investor partners. Oh my gosh, you got to use those three words together. You never say I’m looking for investors for my deeds. Never say that. You never say I’m looking for equity investors wrong. You gotta say I’m looking for equity investor partners.

Vinney Chopra
Let me tell you why. Because they are the partners in the LLC, that’s going to buy the property. They are limited partners. You are the general partner. They are the limited partners but their partners, investors, they are investors, they are not debt investors. So by saying equity investors, you’re telling them right away, oh my gosh, I want to have a piece of equity. And that’s how who they are. So you’re giving them not only the cash flow, but you are also also giving the equity returns when we sell the property, so why not do approach them rightly have an elevator pitch and meet everybody and you just have a nicest business card, have the nicest website. And then you just give everybody three cards. Never give anybody listening to me today. Never give one card to anybody. Always give three or four cards. That is the best investment you can give. digitally. Have your picture on your email signature and also on your card, make it colorful, make a smiley face and things like that. Use the card both the sides put a mission statement on the back side. That’s what we have been doing it for last 12 years. You know.

Vee
That’s wonderful. I’ve never heard anyone say you give out four or five business cards before because now nowadays, a lot of people You know, give out business card, you take it from one hand and they can they go, because the trash can right away.

Vinney Chopra
So to have the Vcard also, but also many times when we go to conventions and things like that have a card which kind of stands out, have a card, which is square, rather than regular kind, have a different kind of card, invested money because the thing is, once you invest some good money in the card, that’s what reflects who you are. And the website, have a social presence and start recording and also start writing blogs. And the thing is, the more nowadays, every investor you want to get money from or you want to educate them, I say educate them. They’re going to Google you first. They’re going to go on LinkedIn, they want to find out all about you. So have some good association of organizations in multifamily that you are a member of and then also be learning the Material learning the art of joining hands, you know to bring the money through syndication and tell the investors that we are fully compliant with sec ruling and that we do private placement memorandum everywhere to meet with you three times we follow all the rules, but I’m always looking for equity investor partners.

Vee
Equity investor partners,

Vinney Chopra
Can we get together on the phone or on zoom? Or for a cup of coffee?

Vee
That’s it’s subtle because it’s like you’re having you’re crafting your elevator pitch using NLP Yes, neuro neuro linguistic programming, and you’re giving them hints and they don’t even know is there

Vinney Chopra
so true.

Vinney Chopra
So true or true? And you know, the good part is you could also share the word you know, we invest in C C plus, maybe I don’t know if you know what I mean. Like, you know, 1980s or 1970s apartment complex. Like season the apartment complex is as you know, are great in demand because the housing, you know, ownership is going down. I mean, you’re telling them this little small thing, and we value add. And I would love to explain you are everything see what you did now? You’re meeting them curious.

Vinney Chopra
They’re saying, right oh my gosh, I better meet with this guy because he’s gonna tell me more. And that’s the key to my success Vee. I have been not finding money. money’s coming to me. Because I’m going to educate my investors. That’s all I do. I just educate them. And I spent $10,000 to develop my brochure on 30 page brochure, syndication attorney charged me $2,500 just to go through the brochure, because it took her so many hours, five hours I think, and she took out all the words and all everything, all that so we educate the investors and By the end of 30 pages, they’re ready to invest. And we give it to for free. It costs me 10,000. But I give it in PowerPoint for free with my $2400 program and $5,000 program.

Vinney Chopra
Whatever we do, you know, yeah, we do that right away. So that way, it’s a great thing, because people want to really build the trust. That’s what it is. You want to build the trust with the people and give them some knowledge and tell them why you’re looking for in Utah? Why you’re looking in Phoenix? Why there is a new report today that you want to work in Orlando, Florida or something. So the more you educate the investors, they will draw closer and closer and closer and closer to you.

Vee
Right. So those cities that you just mentioned earlier, I know in your book, you said you bought heavily in Texas, Houston, San Antonio area, but all cities that you just mentioned are not in Texas.

Vinney Chopra
Know what to be truthful. It’s amazing. I mean, I’ve been for 12 years in Midland, Texas, Odessa, Texas near San Antonio, Texas. We bought quite a few San Marcos North Side sent out on the west side, sorry, not sites again. And nearby, you know, Austin then I went and opened my brand new company. Five years back south of Houston, not only in Houston, but south of Houston bought 10 syndications every two months, I was syndicated every two months. I had so many much money coming. I’ve sold six of them already. Can you believe it? And make one so full circle

Vee
full cycle?

Vinney Chopra
Yeah, full cycle. Yep, yep. In four years full cycle, four and a half years full cycle. I’m selling to right now. I bought for 6.580. I think I’ll get about 11.5 million for that one. And another one I bought for only 6 million. I’ll get 10.5 million for that one. Approximately and that’s only in four years in four years. I’m selling them.

Vee
Oh wow. And I know results are not typical but can you shed the light a little bit on the kind of return

Vee
You know, that’s not bad at all. Not too shabby,

Vinney Chopra
love to I would love to. I mean I have had some really good luck in going to some assets off market buying them. I gave 39.9% return. I even just bought in Atlanta two years back Vee, just two years back 29.7% return per year. Every year. Two years in a row I just bought for 10.1 million sold for 15.4 million. I bought another 12.2 million. I get calls every week from other buyers. They want to pay me $18 million. That’s in Atlanta, which I just bought two years back, by the way, just two years back, but then, Houston I bought one for 3.550 5 years. back. I sold it in January, by the way, I sold it in January. And I gave my investors almost 29% IRR on that one. 29% that’s over four and a half years. That’s not bad.

Vinney Chopra
even in these times, you know, in the last two years, last four years, not only that I’ve done well, when I bought them in 2008 and nine and 10 & 11. But I’m still doing very well, you know,

Vee
right and a lot of people, maybe you’re listening to this podcast right now maybe hearing Vinney result and the kind of return that he’s given, and you want to jump in right away. But maybe you don’t know how to find this indicator or how to ask question and vest a syndicator. So Vinney, can you share some information about how one could, you know, kind of investigate or ask questions? About time of deal and syndicators or not they know, you know, working with the right party.

Vinney Chopra
Yes, surely surely, you know, please do read the book. And if you really will learn quite a bit about it, but then please text the word learn, LEARN to 474747 and that will come to john, my business advisor right away and my team. And then the other thing is even emailed john with your background, that will even help us a lot. If you can tell us what your goals are. Things like that to Jon at Vinney chopra.com, that’s my website VinneyChopra.com. That’s the website. You can see my podcast, my interviews, my blogs, everything, but I’m also you know, humbled that you invited me on your show.

Vinney Chopra
The key thing is we would love to give your audience rebates if you’d like, you know, please tell them that you listen to us on Vee’s podcast, that way we can give them $500 off or $1,000 off something. Sometimes we do that, you know, no big deal. Because I’m making money in buying and selling. I’m making my millions, you know, every year buying and selling education is I just want to give it back to the community. It’s not my money maker at all. But you know, I just want to spread the knowledge. That’s what my main goal is.

Vee
So definitely so if you are interested in learning more about Vinney’s program and as you hear, he just said, you know, if you are interested in joining, just mentioned the show’s name, the real estate lab podcast and text the word learn to 474747. Yeah. And Jon will reach out to you and discuss on how to help you further when you investing games. And also, I would like to give you a signed copy of vinnies book. Yes, the title is my journey from $7 to 250 million Portfolio. Apartment syndication Made Easy by Vinney Smile Chopra. So keep on listening to the end of the show and I’ll tell you how.

Vinney Chopra
Oh Yeah.

Vinney Chopra
Thank you Vee. It’s such a pleasure to be with you and have it tremendous. No, I enjoyed it thoroughly. If you would like to bring me back, even talk about different things. I speak about lot of different topics and it’d be my pleasure. No, yeah,

Vee
yeah, definitely. I just have one more question before I let you

Unknown Speaker
go. Sure.

Vee
No problem. What are you doing for Diwali?

Vinney Chopra
Oh, Diwali. Oh my gosh. You know, we were just in San Francisco my wife’s family’s here. My our both the kids live right here, right children, Neil and Monica and cousins. So we invited them to our place actually everybody’s welcome. I know that there’ll be decorations and I think four o’clock we start the celebrations of Diwali. end of this month. It’s 27th I think it’s coming up. And then we’re going to have fire works in the back and now and then have some Indian food and some other American food and everything. Yeah.

Vee
That’s awesome. You It sounds like you’re you’re not going to miss India one bit and you’re going to Vinney Chopra’s party.

Vinney Chopra
Oh, thank you. Thank you so much Vee. God bless you. Keep up the good work. And, you know, just, you know, the key thing is, make a decision and then stick with the decision that you want to get into multifamily. If I may leave with the last thought. It’s the best world out there. I mean, the corrections may be coming here and there, but don’t worry because you know, the things will be even if correction comes, the people with the money will be buying those properties. So keep the money ready, built with investors money, build with your family money, and just have a legal way to do all these things. And learning syndication is not hard.

Vee
Definitely, you have to just make a decision, have a goal, and just go for it.

Vinney Chopra
So true. So true. Very true. No, it’s been such a pleasure. We and it’s such a pleasure again, please let me know if I can be of any help to you anytime, and I’ll talk to Jon and we’ll get that personalized copy. Or even if you tell me I don’t you won’t know the listeners name right. Otherwise, I know personalize it. Yeah, I’ll personalize it in a nice way. And we’ll get that to you. Sure.

Vee
Awesome. Thank you very much. Thank you so much for your time. God bless. Bye bye. Bye. Bye bye.

Unknown Speaker
That’s the end of the show. Don’t forget to subscribe, leave a five-star rating and review on iTunes for the Real Estate lab podcast until next time, have a prolific week.

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