Buying Multifamily Investments with Vinney Chopra

Buying Multifamily Investments with Vinney Chopra

You can definitely make a difference in the lives of people around you. That’s how you gain success, you’ve got to just always be looking at who the customers are, who the clients are, who the brokers are, and give value to that”. Vinney Chopra is a commercial real estate California broker, and he’s an expert in multifamily syndicators. He’s also the founder of the CEO of Manelli Investment Group, which is a company that provides investment opportunities for qualified investors in the commercial real estate market, especially in multifamily. But he has also recently focused on senior housing hospitality, which we’re going to be covering in this interview in this interview here. His passion and belief are really having a positive way of thinking which changes everything. And he’s actually been given the name Mr. Smiles because of this.

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Buying Multifamily Investments with Vinney Chopra

Brett:

I’m so excited about our next guest here. In fact, I first heard this guest on Dan Handford’s big multifamily investor nation summit. And is new maybe to some of you, but he goes he has lots of experience. Many investors struggle to find passive investment multifamily, also senior housing, or hotel hospitality opportunities with a syndicator who has a track record of success and has had years and years of experience. Our next guest has been investing in real estate for more than 30 years. He’s a commercial Real Estate California broker, and he’s an expert in multifamily syndicators. He’s also the founder and CEO of Moneil Investment Group, which is a company that provides investment opportunities for qualified investors in the commercial real estate market, especially in multifamily. But he has also recently focused on senior housing hospitality, which we’re going to be covering this in this in this interview here. His passion and belief are really having a positive way of thinking which changes everything. And he’s actually been given the name Mr. Smiles because of this. He has over 172 million in multifamily portfolio 26 syndications 40, on average, around a 43% annual investor returns, which is phenomenal, and he manages about 3100 apartment units. And his achievements are great and all for that, but really, it’s a dream come true for him as he was anything but rich growing up as he arrived in the US more than 40 years ago, having next to nothing in his pockets. In fact, it was $7 in his pockets, and the odds are really stacked against them. But he’s lived the American dream and that he has had the opportunity to be successful in this country. And this vision now for success has served him to be an inspiration to others and really help others to grow their dreams and become all the big all that they’re made to be. I want you to welcome our next guest, Vinney Chopra. Vinney, welcome to the show.

Vinney:

Thank you, Brad, thank you so much for the wonderful introduction. I really am so thankful and I hope I can bring great energy and also great knowledge to your audience. I do want to mention that to your audience. I started about 12 to 14 years ago into multifamily. So I’ve been through the cycles and everything. The first unit I bought was 14 units. $480,000 just to let your audience know, my last one with my partnership with them. So multifamily buys very good friends. We bought a $52 million deal in Florida, last June and the 35 million December back to back. So that was like 87 million, and I control about 330 million right now. Thank God. And then also we are getting into Senior Living. I’m very passionate about this and we’ll talk about this and also hospitals.

Brett: Buying Multifamily Investments with Vinney Chopra

Excellent. Yeah, before we dive into that, just a couple of quick questions, and then we’ll get some of those details on some of these deals. But just so you know, our listeners can find Vinney at vinneychopra.com. He also has a wonderful book that he recently released called Apartment Syndication Made Easy. Another book, it’s gonna be released pretty soon as positive, Positivity Brings Profitability. And so anyway, before we get into some of the details and some of the deals and such, take us back just a little bit more, right for our listeners who don’t know you, just give us a brief overview of your story. And then we’ll move into your current focus.

Buying Multifamily Investments with Vinney ChopraVinney:

Totally Brett. Actually, I’m an Indian mechanical engineer from India. I broke a lot of toys when I was growing up, and I’m from New Delhi, India. I did me you know, bachelor’s back there and then came here about 42 to 43 years back to George Washington University to do my MBA in marketing. I thought engineering and marketing were good. Make Vinney some money in. It just so happened I sold books and encyclopedias and Bibles door to door, right outside Atlanta and then New Pulaski, Virginia, and Aiken, South Carolina, three summers while going to school, it changed my life. It just made me realize that I am more connected with the relationship-building business, rather than sitting behind the desk as an engineer. So that took my whole focus away from engineering and I got into promotional consultants, salespeople, marketer, motivational speaker, all those things together. I became a broker. We were buying single-family homes for 37 years. I’ve been married for 40 years now. It’s the 40th anniversary this year for 2020 influencers. Many trips around the world, which we are very excited about. We have two children, Neil and Monica. They were born here and I live near San Francisco in Blackhawk, California, which is a country club just outside on the east side of the bay. And our son Neil went to Berkeley, he’s an IT guy and is very professional, you know, and then our daughter went to UCLA and she went to do MBA also like dad, and she’s engrossed in our business. We had 100 full-time team members, 100 full-time team members.

Brett: 

So Vinney, you just stay a little bit busy with those, those businesses and that family and doing these large deals. Take us back a little bit further though, who was Vinney, growing up? I think we’re all given certain gifts and certain things that we do really well with certain strengths. Some people call it superpowers, I call them God-given gifts and talents. So I’m curious, before all the success Vinney, who is Vinney growing up, and in particular, what was that gift that you were given? And how does that gift help how you help others today?

Vinney:

I appreciate that Brett, I would say I had a very humble beginning when we grew up. I’m a sibling of six, in the family, one brother and four sisters, and my parents, we lived in a one-bedroom apartment, I remember, and a living room and a hallway kind of thing and kitchen. And we never had a refrigerator or telephones, or we had any color car or anything. We didn’t even have a mobile. In the first part. We were only on bicycles and going through, daily transportation and all. But I was a studious boy. I was very studious. I was very curious to ask a lot of questions. If I remember correctly, my teachers loved me, the kind of person I was with the integrity and the honesty and everything I really wanted to make feel special, right from the get-go. And that’s what my friends tell me. When I went to engineering school when you were a very goal-oriented person, you were always planning ahead within the circle, you will say hey, let’s do this, this, this, this, and this. So those techniques kind of taught me when I came out here to learn from the greatest books I was introduced to well, no, I got you to know, Grant’s book later on. But like the greatest salesman in the world, the magic of thinking big is Dale Carnegie, how to influence self-confidence, almost, greatest books, Think and Grow Rich. I mean, I have these 40 years old copies, by the way, 40 years. I mean, I always write the date I buy, I signed my name on the book, it was on 10th Of March 1978, that this book has been with me, and I’ve read it a few times, so essentially, it’s just my drive to take massive action and positivity and goal setting.

Brett:

I love it. Yeah, and staying curious and coming from humble beginnings, but also being very studious and what you were in your studies and growing as a youngster which has, and connecting that with the social aspect of connecting with people in a positive way. That is a really, I think a perfect fusion of a way to make to influence people to be very, very highly successful, which you are doing so what’s let’s focus let’s shift a little bit when did you become fascinated and obsessed with helping others grow their wealth and achieve some financial freedom through real estate investing particular investment, real estate investing? What was that shift? And where did that come about in your journey?

Vinney:

That came actually we were having a lot of single-family homes spread all over the USA and of course property management companies are managing them. And at the end of the year, something goes wrong boy then goes to cash flow, so my wife said, you know so much for real estate, go get an exam for broke licensed, and I learned few more things that I sacked the first time I passed it, I’m still active broker, but we never have bought or sold anything for the last 14 years. So I didn’t want to open up a shop. And I just wanted to get into commercials. That’s what really got me going in 2000, 456. And that way, we were able to look at different aspects of commercial, from industrial to hot hotels, to strip centers to multifamily caught my attention, very big, logical mind, I said, oh, my gosh, if I can have 20 homes, 20 people in one lot, and only get to collect rents quickly and have one property management company with that 20 property management company, all the scalability, and everything. That was my turning point. So that’s when I went and spent a lot of money, 1000s of dollars, over 100,000 per dollar in learning the tricks, I believe, why should I reinvent the wheel when it’s already done for you. So that has been my thinking all my life, I pay the top dollars to learn the skills and apply the best apps and the software programs, cutting edge, everything so that I can grow better and bigger.

Brett: 

I love that. Yeah, investing in yourself and in coaching and systems and modeling success, because it’s all out there, right? And there’s also something about you says pain $100,000 there’s something that when you invest in something and with your heart, not only your time and energy but the money that you’ve earned, there’s something about that, that rises in you, you have to get a return on the investment and you’re going to push yourself forward. So walk through that tension of some folks, right? Where are entrepreneurs or business owners where they’re not sure? should I invest? Do I invest? What’s my ROI, walk us through that journey of really just saying, I’m going to go all in, I’m going to invest in whatever it takes, I’m going to throw money, and what the outcome is what they may

Vinney:

Totally, totally break down and look at real life now. I’m looking to buy 200 million this year, 330 to 200 million editions this year. That’s 530 right? And then I’ve got plans for the next decade, how many senior livings I’ll be starting, and everything else that you share with your audience. The silver tsunami is already going 10,000 of the baby boomers are turning 65 every day, every day in the USA and 10 billion people in the world, 2 billion will be in the 65 plus range in the next 10 to 20 years. But the biggest thing is, I would say kind of going back at it. The big thing is you got to invest money to learn. Otherwise, a lot of you know I come across so many people who have contacted me hundreds of 1000s of them. Because I give my phone numbers out and everything. They text me and call me. Then some I talked to called me after two years. And I say hey, you called me two years back. What have you done? See, that’s where it is this a Vinney? How do you know I call that back? I said I will never lose any contact with anyone who calls me. So my emails, I have 40,000 emails on my iPhone. So I get the biggest of the biggest so that I can either search quickly. But anyway, the key thing is you got to invest in your learning the tricks, a lot of people look for free information. There’s lots of information out there on the internet, but that can give you different things. You should get a coach or a mentor. There are so many great people in the USA and across the world.

Brett: 

Absolutely. And I think there’s something about burning the ships right and going in on a focus of whatever the next step is in your entrepreneur journey or your business journey, or your investment real estate journey. We’re on a journey. And Vinney is going from let’s say about 200 million to 500 million. That’s another journey too. So you’re probably gonna have to invest in another coach who’s already there who’s already at a billion-dollar number because you haven’t been there yet. right? They went through that process. And so it’s about investing in yourself with coaches, being humble like you are being coachable. So you can go to that kind of level up if you will. So let’s shift a little bit.

Vinney:

You send the messages out, Brett, I was there in Florida, right before lander and guess who I met the billion 1.3 billion, the number one guy in the USA, Mr. Grant, and what we’ll find that he passed by me, and I go home and he takes a selfie with me, and he says, Vinney, give me your phone. I’ll take a selfie and give it right back. So essentially, you’re right, when we send these signals out in the no atmosphere, that we want something that violates the law of attraction, it works. It works 24 hours, seven days a week 365 whether you rely on it, or you understand it or accept it, that’s your choice. If you don’t accept it, you won’t go further. But the thing is, you can definitely make a difference in the lives of people around you. That’s how you gain success, you’ve got to just always be looking at who the customers are, who the clients are, who the brokers are, and give value to that. That’s it.

Buying Multifamily Investments with Vinney Chopra

Buying Multifamily Investments: “The big money is not in the buying or selling, but the waiting. ” – Charlie Munger

Brett:

Absolutely. So dig into that, let’s get to some of the more technical things with the shift, you’re shifting from multifamily, still doing multifamily. But now focusing on this massive, massive baby boomer generation, that’s essentially a couple on some of the stats he was talking about, according to the American Bankers Association, there’s about $17 trillion is a transfer from one generation to the next, and the next 20 years. And this is part of the largest wealth transfer in the history of the world. And as a part of that, it’s the baby boomers. In fact, there’re 10,000 baby boomers every day in the US alone, turning 65 and 77 million baby boomers. And as part of that they’re looking for transitional or highly skilled, or memory care or assisted living, this is kind of senior housing space, they have such a need versus these big houses, or operating big businesses, they’re looking to retire and they’re gonna need some they have these health needs, especially for housing. So walk us through that. Some of those stats and what you’re doing to help provide this type of housing for for for baby boomers and, and for those who are getting older.

Vinney:

Oh, thank you. Thank you, Brett, I would say that once you send these signals out, I’ve been thinking about senior living for about a year and two months now, today. And I’m so happy to say that by sending these signals out and with the contacts I have, I’ve come across two of the top operators in the USA in these two fields. See, I don’t know anything from Adam, how to build a building, I did custom home and all that with a friend of mine who was in construction, but I have no knowledge, no experience. So I sent out messages in the universe, I need to partner with some people who already know the whole tricks. So my partner for assisted living and memory care. Mr. Imraan has done 16 Ds already and is very successful. 16 one six of $200 million, and my 353 30 that’s 530,000,046 different projects. I’ve done 28 by now. Now, he’s 16. That’s 44 projects but the good part is he’s able to build it and where he’s come from, he had a medical supply company, young guy, he’s young, he’s 37 only, he won’t mind me saying that. But the thing is, he was supplying 3000 assisted living facilities, and he was crying. I asked him why he wasn’t crying. He says Vinney, the smell, the slump, a lot of these facilities were not well taken care of. And he says I will not put my mom in those dwellings. So his whole passion, six years, seven years back was I can build the best of the best-assisted living with memory care. One ground, no two-story, no three-story four-story elevators or anything one flat land, with the corridors with all the compounds, the water, the spars, and the movie theater. And I’m just thinking about libraries and beautiful dining halls and a bus to take people. So that’s what his passion has been. And now we have partnered together. As great, great partners. We are already kicking off him just finishing up in Cape coral. I was there last week, and it’s a ribbon-cutting ceremony coming up in a month or two months. And then we’re starting in Punta Gorda, because we do a lot of studies you have to do a lot of absorption studies and feasibility study for the assisted living, what’s out there in the marketplace, what’s the buying power, all that so we are also going there for Dakota we got landlocked in. We just landlocked in Williamsburg, Virginia. And we are doing 17 other locations’ feasibility studies as I talk to you today this morning. So we are ready to start four to six every year. These dwellings are about 90, 220 units.

Brett: 

Excellent. Now what’s been the biggest change In addition between the two because you’re partnering with a specialist who’s in the space, and you’re specialists in your own space, so defining the roles probably important Are you going to be raising more of the fund’s Vinney and the overall vision and he’s going to be doing the operations in the building or walk us through that because there might be some indicators that are considering a strategic alliance or partnership or moving past into the next level of a different product. So walk us through how you guys can do good, this is a good team, this is a good opportunity to hear from both of us.

Vinney:

What you just said, totally, he’s got the best of the best experience and teams that he has done this 16 times. And every time you know, improved and improved and everything. Now, this was the first project in Cape corral in Florida. So we’d be not duplicating that in Florida. We are getting to Texas, we are going to Virginia, we have kind of like these three states to really get going on this. And he’s from Michigan. So he’s done many of them over there also. So you right, he’ll be on the construction and management, he’s got the full recipe for that. I have the best recipe with an investor base of so much, I can reach 7 million in seven hours, usually now with my investor base. So that’s where we are joining together and to do it repeatedly on a bigger and bigger scale. I’m selling a lot of my multifamily at the peak now. So I’m returning millions of dollars back, my investors are knocking on my door, and they’re saying Vinney vets the next one, What’s the next one? So multifamily, and senior living, and hospitality, I’ll talk about how we got very high net worth people in the Silicon Valley right here. So for hospitality, my minimum will be 1 million to invest in a company. And this one with the senior living, we have 100,000, minimum, and then 200 at 500. So there are three different tiers, we give higher percentage preferred returns at the 500,000. Also, some kind of graduated from smaller numbers of 25,000 or 10,200 to 502 million now in hospitality.

Brett: 

Excellent. You’re going to scale up now, I couldn’t help but notice, and I love this, by the way, you’re making this shift from selling high-end multifamily. And not overpaying for more multifamily, right. Because by definition, a lot of times let’s be honest, if you’re selling high and one particular product type, you may be able to find something in another state or another location, but you may not have the boots on the ground or the management in place or the scalability. And by the way, for context. I grew up in the Bay Area of Benny and I know you’re right there in San Jose.

Brett Swarts  

All right. Yeah, this is dawn. Sure. I know exactly. Very rich area of Fremont, definitely off of 686. And we’re just not quite there in Danville, Blackhawk.

Vinney:

Yeah.

Brett:  

Yes. So this whole area is just. So where do you live now?

Vinney:

I’m in Sacramento, Sacramento, Roseville. We have to meet.

Brett:

Yes, absolutely, please. I will love that. So on to this point, though. It’s tough for syndicators. It’s the ones I’ve worked with, and our clients and partners, different locations, the different geographical locations and in selling, but not only that, within the product type. So what you’re saying is, Hey, I’m selling multifamily. Hi. And not only are we moving to maybe different geographical locations, but we’re moving to a different product type, which has a whole nother level of ROI. Like, for example, I’m a personal investor in senior housing, and some of the rents can be between five and $10,000. Per person. Yeah, per month per person. Versus even some of the highest rents. Let’s say, Northern California, East Bay, San Francisco, I mean, let’s say 2200 to 30 $200, a man and you’re talking prime where I would say the average two-bedroom is more in like a Sacramento region, let’s say around 15 $100. So you’re looking at more than double, sometimes even triple some of the highest rents and the highest areas. And oh, by the way, obviously it’s a business, not just multifamily. It’s the specialized care so of course, the expenses are hiring. Walk us through that ROI Vinney of that transition between multifamily collecting rents and rubs and different pet rent and those types of things to know the skilled, skilled nursing and assisted living.

Vinney:

I would love to break up. I do want to mention to all the audience that I’ve got all the engines working, so multifamily still, I’m very bullish on it in the Florida area right now my partner’s into multifamily. You know, we have the underwriters, we got the researchers, everybody, right? We have lots of great context with the top brokers there, they’re giving us just last week, we got three off-market deals, and we are looking at Tampa, in Orlando, in Melbourne, and Jacksonville. So we’ll still be doing that. That’s the multifamily part. I’m very excited about this assisted living and memory care with our friend, Mr. Imraan, then I have another partner, yet another one in senior living with 55 Plus, and that name is Shantiniketan. Shantiniketan is a very well-known brand in the Indian community around the world. So actually the founder of Shantiniketan, Mr. Et, we have just kind of done like this, I was there in Orlando last week, we went and saw this whole,  the communities we have put together define knowledge of all building, see 55 Plus, and with the community centers and making bringing the best of the best, you know, at a low cost. And we are thinking of duplicating that in Dallas, in Houston, in Austin, in Pittsburgh, all over the USA. So that’s what my next project with Mr. Ed and chomped with indicated. So that’ll be 55 Plus, and then with Mr. Moran will be assisted living and memory.

Brett:

Perfect, perfect. And walk us through some of those numbers now. So what kind of ROI is on? 

Vinney:

Pretty good, I would say, like, we’re able to build our assisted living and memory care for about 130 240,000 a unit, and we can sell for 200 200,000 a unit, you know after we wrap it up and get it to 60% 70%. And we also have the first right of refusal from a retailer who just bought two of the beautiful luxury complexes from my partner. They have the first right of refusal, they like the product so much. We are very, very fascinated about it. And then the good part is we are both strong, Mr. Brown and I, liquidity and networks and everything. So we are getting very good loans, construction loans, which can be moved into the full arm, right? And the fixed arm and everything. The good part is because you are in taxation, right? So we have been talking about how the taxation law says, If you build it and sell it, you are a flipper. But if you manage it over a period of time, now it’s a business, then we can deduct a lot of cost segregation studies, we bring so many high returns for our investors over 100% we did some projections, I am so fired up about that. Because everything that we put into the senior living, it’s all personal property, we can say right, your capex, and other things. So there are some tremendous opportunities for the 1031 exchanges. So we have two buckets, we will even cash out some of the investors in three years, and those who want to go with us further for five years, we can take their gains and put them into another senior living and another senior living so they will never have to pay tax.

Buying Multifamily Investments with Vinney Chopra

Buying Multifamily Investments: “Never depend on a single income. Make investment to create a second source.” – Warren Buffet

Brett:

Yeah, that’s our favorite thing to hear. If you can defer elimination. And most of our clients like to pay for the second data never. So what you’re saying is, you’re gonna need some cost segregation for and for those listeners who are not sure what that is. It’s basically you’re accelerating the depreciation so you can take straight-line depreciation, most multifamily properties are 27 and a half years commercials 39. And the government allows a certain percentage per year to offset the income that’s coming in. As long as Vinney says you’re not a dealer, and you’re flipping properties. Because that’s different. It’s classified as a short term. And, and it’s not as you’re not going to get that depreciation schedule, per se. So that being said, you can accelerate that and by doing that, you have other gains and other properties. It can wash those away and or if you have income that’s coming in, you can wash that away. These are legal loopholes that the government wants to incentivize people like Vinney and us to go build more projects and when you build more projects, you actually increase the economic growth because there are more jobs and they’re gonna pay taxes on those incomes and therefore it’s gonna actually be more tax revenue. That’s Why’d they do this? So, Vinney, you mentioned cost segue is one part of the strategy. The other one you mentioned was 1031. Walk us through those buckets. So some of the properties you’re going to sell, and then you’re going to 1031 into already existing senior housing, or are you going to 1031 into the project itself to build because walk us through how you’re gonna do that?

Vinney:

Totally, totally, actually, the ones that I’m selling, Brett, we’re gonna give the cash k ones and the capital gains and all to the individual investors. Because it’s a lot of hard work, I did it totaling one take, where one of my friends brought 750,000 into one of my syndication deal, but it has to be running separately, we were told, it has to be buying a portion of all structure, it cannot be convoluted into the syndication part of it. So my syndication investors own a certain percentage, and my friend owns a certain percentage. So we are very adamant about it, it’s been a lot of nightmare about that. So I only take 31 money if it’s 2 million or more. So that’s my limit. If somebody wants to bring 2 million or more, then only we consider that. But now we are into our own investment. So investors, after three years can be bought out, we call it right, we can refinance, or we can get a permanent loan, or we can cash them out if they need their money out. But there will be a big pocket of people, investors, who are very high net worth people in my circle, and they have always, always wanted to defer taxes. So that’s what we are opening up. Those particular buckets of people will be able to move forward 100,000 has become 160,000, let’s assume, you know with the game, then that 160 will go into next senior living. And then from there, after three years or four years, they go to the next one, and so on. And they can cash out whenever they will.

Brett: 

Yeah. And so the moral of this story is just to get clarity on the different tax deferral strategies, and obviously, have your own CPA, look at these things, or contact us here, capital gains tax solutions, and we’ll help you help me clarify that as well. But essentially, if anything is in 1031, he wouldn’t mind doing 1031 as long as it’s worth all the brain damage and all the work in a hat. So, therefore, the scale needs to be 2 million or greater. So for 2 million or greater, you would essentially kind of change the ownership structure a little bit to give that person the ability to do that. But if it’s smaller than that, it’s just not worth all the time and energy. That being said, for those who are smaller as a whole, they can move to the next one or be bought out. Is that a fair summary Vinney?

Vinney:

Yeah, totally, totally. So right, if it’s like only 500,700 or a million, then I don’t really get them. And I have only done 110 31 coming into a syndication. But now my model is out of syndication, like after three or four years to help my investors hedge their money. And, of course, with this directed QRP and all that, I mean, there are a lot of other vehicles self-directed, where they don’t have to pay the game until they withdraw anyway. So they don’t pay taxes within that until they withdraw, right? So that’s another.

Brett:

That’s the same way the deferred sales trust works. And that’s actually where we fit the niche that was $5,000 and above but on average deals about 2.6 million. But essentially, each individual can go their own separate ways into their own deferred sales trust, and then those funds can be used into the next deal. So for any listeners that are out there, that’s really a part of our niche with a syndicator. So shifting a little bit here, Vinney. So when did you become so fascinated with helping others, so you went from building your own portfolio, having all this success, and then bringing others in as well, and teaching and educating? You know, and, and really giving back by walking us through that transition? Because I imagine there’s a number of owners and entrepreneurs that have achieved lots of success listening to this podcast, but they’re wondering how do I shift and make that transition to, to, I guess, legacy building or helping more people know what I know and do what I do.

Vinney:

I appreciate that very much. About four years back or so. I was getting a lot of calls, lots of people reaching out to me, and I was finding break I had the same answers. But I was just repeating and repeating and repeating. And I shared that with my friends. This is really unique to record, you need to record everything, you know, just keep the camera going, get this thing going audio and that’s what really gave me an edge. I’ve got 900 different lectures that I have now. And we built multifamily academy.com, the domain name, multifamily syndication, academy.com, multi-cap, family school something. So now it’s a big university. But I know a lot of great people in our country. They charge 30, 40, $50,000, $80,000. Now, even under somebody told me last week, but I like to give knowledge at a very, very low price, because I would rather mind Mr. Save the money and invest into the deal, rather than paying 50 $60,000. So I provide everything. I’ve done for the last 12 years with templates and Excels and PowerPoints and everything that is duplicatable, that’s the word in my Academy for only 20 $500 25 or 3000. And then I coach myself every week, two hours with my group coaching mastermind inner circle people. And we record that and sends it out to hundreds of students all across the nation. Every week, that’s on Wednesday, at four o’clock, PM, four to six, I do that if I’m traveling abroad, then I don’t do it. But you know, we do it religiously. And Pete my students bring deals, we do deal analysis. I mean, it’s all an open forum, they can ask me anything and everything. And I show them my examples of different deals, I’ve done my experiences, you know, so it’s a great avenue if anybody wants to learn, they could just text the word learn, L-E-A-R-N, learn 2474747, or even reach out to my VP of the Academy. Now, Jon Hewson, that’s J-O-N. jon@vinneychopra.com, vinneychopra.com, that I’m working on another platform with my five other partners, and they are educators, they are movie makers, and then also in the capital market and everything, we are putting an interactive teaching platform as we speak, and our goal is to take it out to half a million investors around the world. So that’s my next fashion to really teach what I know. And give it to everybody for such a low price. $990 is my next project, we should be ready in about probably five months, we are working on it furiously, and it’s going to have one of the best setups anywhere in the world. Actually, I can’t say what these are, but it’s going to be fun.

Brett:  

I love it, I love it. That’s fantastic. And by the way, all of those links will be in the show notes to the show, so no need to write it down too quickly, we’ll have that all in the show notes. And so we’re going to shift a little bit here, you know, for those who are, who are who actually, you know, take advantage of the education and get on there. And after coaching, I guess hundreds, maybe 1000s of people now, what is the single best way that you found those who are successful at building real estate wealth, and or to moving forward with building wealth in general, what have you found to be the best practice to have any?

Vinney:

Oh, Brett, you hit the nail on the head. The biggest thing I tell all my students and my followers are that you can scale up, you can only scale up if you have investors, pooling of money, OPM, other people’s money syndication model, a lot of people frown upon it, because they think it’s going to cost too much or it’s going to be all, they have to do so much more. That’s not true. I think it all boils down to understanding the model and do the regulation D, five or six family, and friends exemptions, or if you want to advertise the regular 506 C. So it’s very simple. The big thing is to have the desire to help a lot of people, family members, people we know people we meet every day. I mean, that’s where it all boils down to if we share with them and educate them for 20 minutes to a very beautiful presentation, a credibility kit and a beautiful brochure electronic and we provide that we provide it cost me $10,000 to get it made and written and everything. My students get it the first day when they join our academy, PowerPoint. We have virtual assistants all around the world. We give them context also so that they could give this PowerPoint and their logo and everything for 5060 100 bucks. They can have it ready the next day to talk to the investors. And my underwriting which I have really perfected by an underwriter does now with different dabs and correlations and all that too. We provide every single thing under the sun that I have developed. We provide everything to them.

Brett:

That’s wonderful, Vinney, and I can’t wait to get my hands on that myself. That’s great. We’re gonna move into our lightning round. And then we’re gonna finish out with one last question., Either best book you’ve read recently, in the last few months that you would recommend to our listeners.

The big thing is to have the desire to help a lot of people, family members, people we know people we meet every day. Click To Tweet

Vinney:

We know the big shift, I bought that big book should be nearby, I would say great, great book because things are changing. We need to change with the time and then, of course, I definitely recommend my friends’ books. I don’t get paid any money. Hal Elrod, Miracle Morning that will revolutionize your audience. Miracle Morning, please grab that one and teach anything. See, we are all pitiful. We are all really trying to make a buck. But that’s not right. We need to be literally pitching it correctly. And making sure that we are in a win-win situation. And we are giving the most so that most we come back, I think we should and then again pick up this

Brett: 

American video that was Vinney’s book and I recommend that is the apartment syndication made easy. Amazon or infinity COVID.com. So, favorite athlete, Vinney, who’s your favorite? 

Vinney:

Hh my gosh, to be truthful. I know Jerry Rice, always impressed me very much and impressed me about his work ethic and getting out to the field practicing way before. And that’s how I believe I like to practice my skills and get up early and everything.

Brett:  

Jerry Rice, and that’s to my heart, too. I grew up in the Bay Area watching Joe Montana, Jerry Rice. And for those who don’t know, Sunday was a tough day for Niners fans, it was our chance to win. Unfortunately, three and a half quarters of blood, sweat, and tears went away in about a half a quarter to a really amazing team, and credit to the chiefs. But I’m with you there Jerry Rice, Joe Montana. Those are two heroes growing up and some of my favorite athletes to put him up are definitely excellent favorite podcasts that you’re listening to now as well.

Vinney:

Oh my gosh, wow. Several, I really believe that I need to be listening to cutting-edge where the economy is going and things like that. So I have some of those motivational ones. I am a pretty motivated guy anyway. But then I also like to see what’s happening in multifamily. And now in senior living, and all those arenas, I used to listen to a lot but I get so busy now with so many companies and so many initiatives that I’m having. I also started to start-up companies also in the meanwhile, and right here in the Bay Area. One is called oxygen. I would love to mention that on your platform. It’s oxygen.vip (very important person). And it’s a startup we have been working on for a year and a half. It’s working right now where we are trying to become the open door of single-family homes. If you recall, open door people can call open door and say I want to sell my single-family home would you buy it within 15 days. So we are bringing the same technology and data and everything with capital from the warehouse in banking that people can call an apartment complex. owners can reach out to us and we buy their apartment if it’s the right and everything in the market. We are looking for one. What 15-day clothes, and then we provide the whole platter on a silver plate to the syndicator people like me and younger than me and all my students. They can buy that from us. We are not brokers, but we are facilitating frictionless selling after multifamily and bought multifamily.

Brett:  

Excellent love that. Wow, that’s that sounds really fast. I’ll check that out. So the last question we have here and this is I think one of the ones that were most excited to ask you, Vinney. How do you stay centered in your values? And second, stay encouraged to charge forward to reach your goals?

Vinney:

You know, thank you, I would say, it’s who you are, you have the foundation. And integrity is number one. Honesty is number one, in my books, I mean. And making sure that I give value to everybody. If somebody pays me 10 cents, I want to give them $1 back, you know in value. That’s what I always have thought, even clients or investors, I give my very best and our family does the best for them. Because it’s not one investor, I always look at the next 20 investors behind that one person. But how to get that 20 is how we treat the first person in front of us and that has been my secret of success that people through sending referrals have been just mushrooming. And now with my podcast, to podcasts and books, their second book, so many people are reaching out to who I am. So it’s becoming now I’ve got investors who want to put 10 million. I just talked to a very fine gentleman from Beverly Hills, and he’s got investors gazoo. And he says, Vinney, oh my gosh, your syndication model is the best. I’ve been doing notes, I’ve been doing this, and that and development in single-family homes, people are putting $2 million in a single-family home. He says it’s so much risk, but doing syndication. It’s so simple, and it’s less risky for my clients. So all these avenues are approached in a big way. I came across a gentleman in the Irvine area who makes $11 billion, I won’t say the name, they’re paying 57% to the government, get federal and California Tax 57% 5.7 million every year. So I’m coming across those people. I’ve got some my good friend who wants to put 15,000,001 515 million into a deal by paying off one of my mortgages so that he’s the bank. He would love to make six to seven 8% and have a secure, you know, operator who will not drive it to the ground. So a lot of people are out there, right? The more you open yourself up and you’re doing your best, I think more people get attracted.

 

Brett:

I want to thank you for being on the show and sharing all your wisdom. Again, you can find Vinney, vinneychopra.com. Check out his book Apartment Syndication Made Easy. Also, Positivity Brings Probabilities, as well as all of his educational platforms as well, Vinney, it’s been a real pleasure. And I wish you a great day and a great quarter and we look forward to staying connected with you in the future.

Vinney:

Same to you, Brett, thank you for bringing such a great podcast to your listeners, to your audience. And God bless you. And I hope you have the best the year 2020 but plan 2030. And that’s what I’m telling my all teams we need to be visioning right now, not just this year, we need really spectacular growth to come in this decade. So let’s really change with the time. Let’s make sure we are focused. Let’s make sure we have the vision and let’s achieve it.

Brett:

Excellent. Thanks. Thanks for joining. Thanks, everyone, for listening till the next show. Make it a great day.

Vinney:

Thank you, Brett.

Brett: 

What a show. Wow, just a few thoughts here as our guest departs, so much wisdom from Vinney and someone’s inspiration. And he really exudes positivity, he had a chance to see this video go to YouTube and search our podcast you’ll be able to see Vinney, he really is Mr. Smiles and Mr. Inspiration, very encouraging. And you know, it’s the American dream, you can start from nothing and really just be an inspiration and, and humility and being willing to work hard, and have a vision and then reach for your goals. It’s an amazing story. And then also not just stopping with one of our things that capital gains tax solutions, it’s not just a way to defer tax, and to make wealth, which is very important. It’s just to say, what are you going to do once you’ve achieved some level of success? You’ve had all these gains given to you? Are they going to be you know, washed away or not used? Or are you going to be able to reinvest those through yourself through educational platforms do giving back to others, to taking your portfolio for Vinney, for example, from 200, to hopefully 500 or $600 million, and to make more of an impact for more people, as well as providing the service to people who need housing and need care. So this has really been an encouraging interview for me, and hopefully for you as well. Some of the other takeaways to just the technical part. So the deferred sales trust is a nice fit for some of those limitations that he did his syndications don’t provide, or any of the cost segregation doesn’t provide, especially in any capital gains, tax deferral, we can fit that space. So keep that in mind if you’re selling in and out of any syndications or deals $500,000 or greater than $100,000 in liability or more, and then also look at the senior housing space. I think that this is a space where this huge opportunity and great returns for investors. I think that’s great as well and then pay for coaching. If you need more coaching reach out to those who are specialists in the area. And with that, that’s all I have for this show for the show notes for the show recap here. Hope you have a great day and look forward to staying connected with you. Reach out to us at capitalgainstaxsolutions.com. You have just listened to another information-packed episode of capital gains tax solutions with Brett Swarts. We hope you enjoyed today’s show and found it helpful. Visit capitalgainstaxsolutions.com to access the show notes and to access more resources. Don’t forget to leave a review and join us again next time.

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About Vinney Chopra

Buying Multifamily Investments with Vinney ChopraPassive Real Estate Investing for High-Income Professionals – IT | Healthcare | Finance | Entrepreneurs

Are you a successful professional, executive, or entrepreneur? Do you have investable income but just don’t have the time to fully investigate and research all of the investment opportunities available to you?
If this resonates with you, then you may want to connect with me here on LinkedIn as well as my websites below.

I’m Vinney Chopra. People call me “Smile.” I believe that attitude is everything. I came to America from India with $7 in my pocket and a dream. I earned my MBA from George Washington University and now manage over $440 million in real estate properties. I have been married for over 40 years and have two grown-up children. We have been living in the San Francisco East Bay for 40 years too, you can text me at (925) 766-3518‼️‼️🙌

 

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