Ep33 - Syndication: Preservation of Investor Capital Vinney "Smile" Chopra

04/08/21 • 69 min

From a mechanical engineer to one of the largest companies in India, Vinney moved to the United States to pursue a Master of Business Administration in Marketing. As he knocked on doors to sell Bibles, encyclopedias and other educational books to earn his tuition fee, he discovered his fascination for sales. His morals and genuine care for people have helped him to build a successful career in real estate and manage over $440 million in assets today.

His sole interest in mind:

Preservation of capital of the investors as a syndicator

In today’s episode of the Expert(ish) Podcast, our guest, Vinney Chopra will talk about his journey of pursuing his dream and how he transitioned from being an engineer into a real estate syndicator. He will also share the practices that have enabled him to build trust and relationships with everyone around him and achieve the success he enjoys today.

Vinney “Smile” Chopra is the Founder and CEO at Moneil Investment and Management Groups & Multifamily Syndication Academy. He is also a Multifamily Investor, Syndicator, Educator, Motivator, Podcaster and Author. His books, Apartment Syndication Made Easy and Positivity Brings Profitability, have made him the Best Selling International Author. His podcasts, Syndication Made Easy and Mr. Smiles Motivation Talk Show, are the home of many golden nuggets on investing and inspirational motivation.

Enjoy!

In This Episode

3:13 - Backstory of Vinney "Smile" Chopra

4:46 - What inspired him to change careers from engineering to investing?

9:26 - How he gained knowledge about real estate investing

14:45 - Vinney's dedication and work ethic

17:16 - What made him become a multifamily investor

23:26 - How Vinney's multifamily properties focus on caring for the elderly

31:54 - His other investments outside of the senior market

47:33 - How tax benefits work with his multifamily investment for seniors

53:33 - His list of struggles in dealing with property investments

58:29 - His experience with building trust and relationships with the right people

Favorite Quotes

"Money is so cheap right now. Refinancing, pulling the dead money out, is the right thing to do. If you have a gain of any kind, any kind, you could put that into the opportunity zone. Don't have to pay any taxes." - Vinney Chopra

"I think one should be very vigilant and always be thinking and planning what we are doing with our life and how we could make it better. But the key thing is to really put it into action." - Vinney Chopra

"I believe if we want to be successful in any decision we make, we need to be totally committed to it." - Vinney Chopra

"We have so many dreams. We have so many goal settings we do on paper or in the mind. I believe in writing it down and looking at it again and again to see if I am moving towards the goal." - Vinney Chopra

"Make the best of the best with the energy that we put out around us. Because the people who would like us will be the people we built, the people we respect and the people we add value to." - Vinney Chopra

"I always believe that you cannot burn bridges. You've got to keep everybody. The network is the net worth. The key thing is to add value to everybody." - Vinney Chopra

"'I've been a product of not knowing anything to where I am now. It's a success that took me 15 years. I have gone through so many ups and downs. And the good part is having the right attitude and just moving the needle makes you stronger." - Vinney Chopra

"The key thing is if you have your attitude that everything is temporary, don't sweat the small stuff."

"I have the fiduciary responsibility towards the money of my investors. So building the team and keeping it solid is so important." - Vinney Chopra

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