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Daily Archives: November 11, 2017

Cashflow Ninja With M.C. Laubscher

 

Click here for Episode 222: How to Build a Multimillion-Dollar Multifamily Portfolio from Scratch (with Vinney Chopra) >

Episode 222: How to Build a Multimillion-Dollar Multifamily Portfolio from Scratch with Vinney Chopra

My guest in this episode is Vinney Chopra. Vinney came to the US from India with $7 in his pocket and sold encyclopedias and Bibles door-to-door as a student before graduating from George Washington University and becoming a mechanical engineer. As a multifamily syndication expert he has facilitated over 26 successful syndication deals and has acquired and manages a very successful real estate investment portfolio worth over $200 million.

Vinney has been a professional Fundraising Consultant and Motivational Speaker for over 35 years. He has given over 10,000 exciting speeches and seminars on Fundraising, Positive Thinking, Enthusiasm, Goal Setting, Balanced Living, and has been involved in Business Coaching. He travels and gives live presentations and webinars on Wealth Building, Creating Wealth with Multifamily Investing, ValueAdd Win/Win Negotiations, Emerging Markets, Market Cycles, Economic Funding, Commercial Properties Analysis, Due Diligence, investing in Multifamily and the Art of Raising Private Money.

 

Interview Links

Vinney Chopra

Moneil Investment Group

Multifamily Academy

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Until next time!

Live a life of passion and purpose on YOUR terms,

M.C. Laubscher

From $7 In His Pocket to 1400 Units with Vinney Chopra

 

Click here for Episode 51: From $7 in His Pockets to a Successful Multifamily Syndicator >

Episode 27: From $7 in His Pockets to a Successful Multifamily Syndicator

Vinney “Smile” Chopra shares his amazing journey from arriving in this country from India with $7 in his pocket to building a $70M multifamily real estate empire.  In this episode, we focus in particular on how he started his multifamily investing career and how he eventually raised $1.1M to do his first two deals.

After having graduated from George Washington University, Vinney became a mechanical engineer. He was fascinated by sales and marketing and sold encyclopedias and Bibles door-to-door. For several decades, he was a professional fundraiser for non-profit organizations. He started investing in single-family houses in the mid-eighties, but in 2007 he became passionate about multifamily investing. Since then, he’s done $125M worth of real estate transactions and currently controls over 1,400 units. Vinney’s middle name is “Smile” because that what he did a lot during our interview.

Here are the topics we cover on the podcast:

  • Why he decided to get started with real estate. Too much work! Couldn’t really scale.
  • His first venture into MF: hard! it took 12 months. It seemed impossible. He ended up closing a 14-unit and then a 109 unit just several weeks afterward, raised $1.1M.

Key Takeaways

[7:30] Vinney’s start in real estate investing

  • Started with single-family housing
  • Planned on selling the homes to fund retirement
[12:47] Vinny’s preferred method of learning

  • Youtube
  • Google
  • Podcasts (12-15 per week)
[13:31] Why positive thinking is so important if you want to achieve your goals[18:13] Why Vinney decided to stop investing in single-family housing

  • Minimal economies of scale
  • Risk of 100% vacancy
  • After the crash of 2007 lenders would only loan on multifamily housing
[20:33] Why Vinney recommends finding a partner

  • Encouragement through the tough times
[26:17] Why you should talk to a syndication attorney before raising money

[28:00] Vinney’s very first deal

  • 14 units
  • Closed on 109 units soon after
[32:14] How Vinney raised money for his first deal

  • Hustled!
  • Decided not to accept money from friends or relatives
  • Designed a great presentation
[38:55] How one happy investor can lead to 30 more

 

Resources Mentioned in This Episode

Vinney’s Investor Presentation (PDF)

Vinney’s course on syndication: realestateu.tv