Identifying Emerging Markets

In today’s episode, Mr. Smiles explains what to look for when looking for a market to invest in. What an emerging market and sub-market is. Why it is important to do your research on the market you invest in and what are the key elements to look for. He ends this powerful educational conversation with his GOLDEN NUGGET OF ADVICE – the power and importance of getting operating memorandums.

Show Takeaways:

• How to determine an emerging market
  
• How to find out the pockets you want to invest in.
  
• Tertiary
  
• What to look for and how important research is when choosing an emerging market or sub-market.
  
• Your obligation to your investors in finding the right place to invest their money.
  
• Why new jobs coming is key to identifying an emerging market.
  
• What data is important when looking for an emerging market.
  

SYNDICATION MADE EASY – #1 BEST SELLER – http://bit.ly/ApartmentSyndicationMadeEasy

Syndication Blueprint – Your Investment Blueprint will Make You or Break you!

Do you have a blueprint for your syndication business? If you don’t then you need to listen to this show because Vinney who has done more than $300,000,000 in apartment syndications has a blueprint that he is not only going to share with you but explain his process in detail.

Vinney explains why he wishes he could change the way people think about apartment syndication. Syndication = “OPM” which means pulling other people’s money together to make everyone a profit. That is what syndication is all about “OPM” if you are a smart business person like Mr. Smiles then you know your investors come first. Vinney even gives the goods on what the top 5 things you need to do continuously to build a successful and profitable apartment syndication business.

Show Takeaways:

• What 5 plates do you need to spin?
  
• Why is “OPM” important to grow your business?
  
• No plan = no future!
  
• The advantages of not only purchasing a building but running one
  
• Team members are KEY
  
• You may want the world but you need to qualify for a loan
  

OPM-How to Grow Your BUSINESS

This week Vinny Chopra also know as Mr. Smiles talks about “OPM” also known as other people’s money. He will discuss how important it is to take care of your investors and why “OPM” is the only way to make money in the apartment syndication business. He will end our weekly power talk with his weekly GOLDEN NUGGET on other people’s money and I will give you a hint, but you will have to watch and listen to get the goods. My hint is mindset…….

Today’s Takeaways:

• The benefits of using other people’s money rather than your own.
  
• Why it is important to make your investors feel comfortable
  
• Other people’s money is the only way to scale your syndication business
  
• Don’t tie all your money in one property.
  
• Investors get paid first!
  
• Your track record will make or break you with your investors.
  
• The importance of creating a relationship before you show an investor a property.
  
• Managing expectations of your team members at each property will keep people renting and keep you in the loop.
  
• Is syndication safe?
  

BROKERS ARE THE LIFELINE TO YOUR BUSINESS

Today’s episode is about brokers. To use or not to use? Vinney goes into great detail on how brokers can make or break your apartment syndication business. Vinney will explain how important a good broker is and how they will also test you. Brokers want to know that you are a big player and want to close deals. Some brokers are great and some are not. How do you tell the difference?

If you want to know how to build a good relationship with the right brokers and get more info than listen, like and subscribe.

Show Takeaways!

• Do you want a pocket deal or a napkin deal?
  
• Will brokers test you?
  
• As an investor do you test them?
  
• How far does a broker get involved in a deal?
  
• What to look for when a broker gives you a deal to look at?
  
• *Sorry, you want the goods then subscribe, listen and share. Vinney gives the “NUGGETS” for success*
  

Property Management – Do You Have What it Takes?

This week Vinney aka MR. SMILES talks about property management. Is this something you should take on if you are new to the syndication business? Mr. Smiles will give up the goods on what your options are when you are just starting out and what your end goal should be when it comes to property management. This week’s GOLDEN NUGGET is getting down and dirty to learn the techniques so you can scale your business.

Today’s Takeaways:

• What is the role of the property manager?
  
• What are they responsible for and why are they key to not losing your shirt?
  
• Smiles looks for 15 to 20 years of experience from a property manager. Do you know why?
  
• If you are new and need a property management company how do you choose the right one?
  
• A stable employee that has longevity is key.
  
• If you don’t know what questions to ask when interviewing a property manager then listen up, Chopra will tell you where to find it.
  
• Vinney explains the roles of the 4 key individuals you need to have at each property.
  
• Managing expectations of your team members at each property will keep people renting and keep you in the loop.
  
• The importance of making it easy for your residents to pay.
  
• How to deal with the sellers giving up!