Sun, 20 November 2016
Vinney “Smile” Chopra shares his amazing journey from arriving to 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:
Key Takeaways: [7:30] Vinney’s start in real estate investing
[12:47] Vinny’s preferred method of learning
[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
[20:33] Why Vinney recommends finding a partner
[26:17] Why you should talk to a syndication attorney before raising money
[28:00] Vinney’s very first deal
[32:14] How Vinney raised money for his first deal
[38:55] How one happy investor can lead to 30 more
Connect with Vinney Phone: 925-766-3518 (call or text) Email: vinney@moneilig.com Vinney’s course on syndication: realestateu.tv
Direct download: MB_051-From_7_In_His_Pocket_to_1400_Units_with_Vinney_Smile_Chopra-2.mp3
Category:Commercial Real Estate -- posted at: 12:51pm EDT |