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
Engage with Vinney “Smile” Chopra
Connect with Expert(ish) Podcast Host JAY JOHNSON
Call (858) 925- 4536
Listen to more episodes of the Expert(ish) Podcast
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
Engage with Vinney “Smile” Chopra
Connect with Expert(ish) Podcast Host JAY JOHNSON
Call (858) 925- 4536
Listen to more episodes of the Expert(ish) Podcast
Previous Episode
Ep32 - Boots to Boardroom: Transitioning from the military to the business world with Davin Marceau
Coming from military service of high caliber, Davin was armed with leadership skills that enabled him to capitalize on opportunities in the civilian world. Though he is no exception to the cultural shift drama, his ability to repurpose his vision in life and translate his military experiences into the business world has made him a servant leader of the world’s leading electronic forms management company and a great storyteller.
The essentials of a successful transition from the military to the business world:
- Self-awareness of where you sit
- Objectively view the skill set that you bring to the marketplace
- Combine education and networking
- Set the expectation that nobody owes you anything
- Stop leaving your life in the rear view mirror
- Constantly seek feedback
In today’s episode of the Expert(ish) Podcast, our guest, Davin Marceau will talk about mindset, leadership, and business strategies. As a veteran of the United States Army Ranger, Davin will also discuss how the leadership mindset he acquired in the military enabled him to capitalize on opportunities in the civilian world.
Davin Marceau served the US Army Ranger for more than a decade gaining combat experience in multiple deployments. Strengthening his skillset domain through education and networking, he is now the Chief Operations Officer at ACCESS EFM, a servant leader, and the co-host of the Upward Spiral Podcast where they bring an unapologetic edge to tackling tough issues that hold people, entrepreneurs, and businesses back from reaching their full potential.
Enjoy!
In This Episode
1:47 - Backstory of Davin Marceau
9:23 - One of the biggest shortfalls of the veteran community
11:49 - How Davin translates his military experience to the business world
15:16 - How Davin capitalized on opportunities in the civilian world
19:00 - His take on some entrepreneurial books
21:27 - Davin's insights about business growth and advancement
27:03 - What some companies fail to recognize when scaling their business
29:24 - How military families are affected during the transition process
32:25 - The parallels between military and civilian family relationships
38:43 - His tips on how to transition from the military to the business side
43:38 - Davin’s emotional state after leaving the military
46:18 - What people who forget what they learned and ignore feedback have in common
49:47 - Understanding the concept of a transparent leader
Favorite Quote
"Stop living life in the rear view mirror. The second that you transition, everything is in front of you. Leverage those experiences to make you better. But repurpose that mission statement, repurpose the vision that you have for your life and understand that what made you successful at what brought you through those five combat tours is exactly what's going to make you successful in the civilian career, if you can repurpose it."
"When you go through these training opportunities and you get assigned to the ranger regiment, we practice our jobs constantly 24/7. We're sharpening our tools and our tools were for war. Our practice was training and our game time was when combat started."
"Every opportunity that I got to train, every opportunity that I got to deploy, and every opportunity that I got to work with my brothers and sisters in arms made me that much more fortunate. And it shaped me for who I am today."
"People view combat and view deployments in war as this overly complex set of objectives and skills required to be able to do it. But in reality, the functional application of that is that you strip away everything that doesn't align with your purpose, that doesn't align with the mission. And there's a beautiful level of simplicity that comes with that."
"The opportunities are in abundance for the veteran community. Just kind of have to set aside those excuses. And I took a huge gamble-step in the way. But I didn't do it blindly. I didn't do it with ignorance. I did it with networking. I did it with education and back-filled that with my leadership domain experience."
"I think wisdom is the application of knowledge and experience. And that knowledge comes from reading and that knowledge comes from practical experiences in the real world. But again, it has to be back-filled by that level of experience."
"Being advanced is the flawless execution of the basics. And part of understanding the basics is being able to baseline where you sit today through quantifiable metrics, through quantifiable data. Through quantifiable data that you can bounce off of your strategic objectives."
"How you take your business to the next level is by a thorough understanding of how it runs and why it runs."
"There were people that really kind of stripped away the stuff that didn't ...
Next Episode
Ep34 - Realty Rat Race with David Richter
Realizing how real estate investors are being stuck in the realty rat race, David sees the unique opportunity of exploring the financial side of property investing - Profit First Cash Flow System.
Utilizing all the knowledge he learned from the many seats he held in a real estate company, he has established his own profit advising company that has helped real estate businesses completely turn around from going out of business to building cash reserves.
The key points to be integrated into the system of real estate investing
- Calculation of real revenue
- Setting up a different bank accounts
In today’s episode of the Expert(ish) Podcast, our guest, David Richter will talk about the pitfall he discovered in most real estate endeavors. He will also discuss more about how business owners, especially real estate investors, plan out their cash flow and gain clarity in their business.
David Richter is Owner of Simple CFO Solutions which helps real estate investors apply profit first principles to their business. He is an active real estate investor who has been essential in closing over 850 deals which include wholesale, turnkey, owner finance, rentals, lease options, and any other exit strategy. His goal in life is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances and – bring them true financial clarity and freedom.
Enjoy!
In this Episode
1:42 - Backstory of David Richter
6:45 - How David leveraged his knowledge from the many seats he held at a real estate company
11:01 - What inspired him to pursue the financial side of investing
16:52 - Diving deeper into the key points to be integrated in real estate investing
22:47 - How not to become overwhelmed when setting up too many business bank accounts
24:26 - The struggles investment companies go through other than the profit first side
28:42 - The difference between buying a marketing system and educating yourself
31:51 - David's mistakes on the investing side and what he learned from it
35:08 - How David help real estate investors grow their cash flow
Favorite Quotes
"Also in real estate too, just having like a P I T I account, especially if you're not paying taxes, but once or twice a year, like property taxes, making sure that you're setting up accounts specifically to save for those throughout the year. Because a lot of people get hit with those taxes doesn’t know, like, it's the end of the year now and I forgot to pay those taxes." - David Richter
"If you have that big enough reason or you have a big enough passion for it, you're going to do what it takes in order to get to where you want to be." - David Richter
"Learn as much as you possibly can to up-level yourself because no matter what route you take, you're going to always have to be leveling up in order to provide more value to people. And then the value comes back to you." - David Richter
"What really helps people on the real estate side is what account could we set-up that’s going to give you more clarity." - David Richter
"No two businesses are exactly alike. Even if you do the same things, your processes, procedures, your team members are going to be different. So you're going to have a different structure than other people." - David Richter
Engage with David Richter
Connect with Expert(ish) Podcast Host JAY JOHNSON
Call (858) 925- 4536
Listen to more episodes of the Expert(ish) Podcast
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