Target Market Insights With John Casmon, Episode 18

Target Market Insights With John Casmon, Episode 18


Click here for Episode 18: From $7 and a Smile to $200 Million with Vinney Chopra >

From $7 and a Smile to $200 Million with Vinney Chopra

Vinney Chopra came to the U.S. from India with $7 in his pocket, and now he can raise $10 million in a day or two. Known for his friendly and engaging personality, Vinney has earned the affectionate nickname of Mr. Smiles. As a multifamily sponsor he has facilitated over 26 successful syndication deals and manages a successful real estate investment portfolio worth over $200 million. On this episode of Target Market Insights, he shares his thoughts on which markets are emerging and how to identify them. Listen Now!


Key Market Insights

  • Started in multifamily in 2006, did not know the meaning of LOI, NOI, IRR or Cap Rate
  • 24 of his 26 syndications are in Texas, with the other two being in Georgia
  • First deal was 14 units, later that week they bought 109 units
  • At the time, Midland-Odessa, TX had the lowest unemployment rate, flew there and met with brokers
  • Mentored by Dave Lindahl, author of Emerging Markets
  • Emerging Markets: Utah, Dallas, Sacramento, Columbus, San Diego, Portland, Reno, Atlanta, Houston, San Antonio
  • Have the business plan & pitch ready for brokers and investors
  • Looks for cash flow day one
  • 12 syndications in the last two years
  • Can raise $6-10 million in 1-2 days, investor base of 128 investors
  • Selecting the right target market is the key to deliver investor returns
  • Figured out how to have the syndication break up into TICs for reinvestment
  • Creating a $50 million, 506(c) fund for investors
  • What to look for when seeking an emerging market: job growth, population growth, path of progress, where are new businesses, how many units are coming on the market, what are major attractions and retailers?
  • To find topline info on a market, look at an offering memorandum and send info/articles to your investors


Bull’s Eye Tips:

Winning Your Market: Focus


Market Changes:

IRR Reports, Chamber of Commerce, market reports, talk to the mayor (mayor’s office)


Daily Habit:

Meditate in the morning and pay gratitude



How to Determine Emerging Markets eBook by Vinney Chopra


Best Business Books:

Emerging Real Estate Markets by Dave Lindahl

Rich Dad, Poor Dad, New Edition by Robert Kiyosaki

Law of Attraction by Michael Losier

The Secret by Rhonda Byrne

Share This Story, Choose Your Platform!
Click Here to Leave a Comment Below

Leave a Comment:

Free 15 Minutes Strategy Call

*No sales pitch. Period.

Change Your Life

Sign Up To Get The Full Course Right Now!"

Vinney Chopra