Occupancy Went Down After Cleaning House at Property but Value Increased with Vinney Chopra

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In this episode, we welcome Vinney Chopra. Vinney is an experienced multi-family real estate investor and has closed a total of 26 multifamily syndications in his years in the industry. Tune in as he shares his journey from migrating to the US 40 years ago with $7 in his pockets and the tough decisions he had to face to reach where he is now.

Vinney Chopra’s Interview Show Notes:

  • 00:22 – Introducing today’s guest, Vinney Chopra
  • 00:50 – Vinney’s background
    • From India to San Francisco 40 years ago with just $7 in his pocket
    • He was a mechanical engineer
    • His life as a motivational speaker
    • Getting into real estate investing
  • 03:56 – Vinney’s sore thumb tough decision
    • The struggle was really in hiring
    • The most money lost throughout his career involved hiring the wrong people
  • 06:15 – What Vinney looks at now in a resume
  • 08:17 – A tough decision that had a great outcome
    • Getting a property in Houston 5 years ago
    • A-Class renovation happened
    • Vinney reclassified tenants that made rentals go up
  • 10:55 – The strategy Vinney uses in making decisions
    • Basing decisions on logic: positive vs negative
  • 12:19 – Need help with passive real estate investments? Go to HandfordCapital.com
  • 13:16 – Vinney’s favorite technology: iPad and iPhone
  • 14:12 – Vinney’s favorite quote: Let things happen, don’t sweat the small stuff because life is too short, and you have to be always giving value to people around you
  • 16:20 – Vinney’s favorite book: The Power of Now and The Miracle Morning
  • 17:32 – Connect with Vinney  on his websiteMoneil or by texting SYNDICATION to 474747

Key Takeaways from Vinney Chopra:

  • A resume should not be the sole basis for hiring people.
  • Sometimes, even good hires turn to bad ones in a snap.
  • Look at decisions in a logical way where stakeholders get a win-win situation.

Mentioned Resources by Vinney Chopra:

Who are Dan & Dennae Handford? Find out by listening to episode zerowhere they share their journey as true, authentic serial entrepreneurs.

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