Vinney Chopra came to America with $7 dollars in his pocket and a dream. Today he Asset Manages a $172 Million dollar portfolio of Multi-Family Properties. He's done over 26 syndications and has over 3,100 apartments under management. The great thing about Vinney is that he can raise $6 to $10 Million dollars without breaking a sweat, but he remains humble and friendly and willing to share how he does it.
In today's conversation Vinney will tell us how he went from being a failure at door-to-door sales to buying thousands of doors through syndication. You'll learn how Vinney talks with potential investors and the techniques he uses to raise millions of dollars. We'll also discuss the importance of salesmanship and the marketing tips Vinney has learned along the way.
Vinney also shares the return-on-investment he shoots for with his investors, why he started his own property management company, and the people and books who have influenced his thinking in a positive way.
Vinney is one of the most positive and inspiring people you'll ever meet, and I know you're going to enjoy this conversation. You can learn more about Vinney by checking out his website:
Calvin Beeke left college to become a full-time entrepreneur, found success with a business he created, and then decided to become a full-time real estate investor.
Within a short span of time, Calvin has dived right in. He likes to have three flips going in any given period: one that he's just purchased, one that is being rehabbed, and one that is being sold. At the same time, Calvin is building his Buy & Hold portfolio of value-add investments with a focus on mid-sized Multi-family. He owns 17 units on his own, and over 50 units with his investment partners, ranging from a duplex up to a 24 unit Multi-family.
Today Calvin and I discuss how he gets his leads and finds his deals, how he's increased his Net Operating Income by increasing rents and lowering expenses, and the value of purchasing your own laundry machines.
Calvin also takes us through the numbers on a 12-unit he purchased in Lowell Michigan and the mystery of his extraordinarily high water bill. We also discuss the pro's and con's of Freddie Mac and Fannie Mae loans and the different terms to pay attention to.
Calvin has built a profitable portfolio quickly, and I know you're going to enjoy learning how he did it. Enjoy the episode and please take a moment to give us a review & rating on itunes.
Real Estate investors are quite often focused on acquiring assets and building their portfolios. But how often do we stop to think about our 'end game', and when and how we'd like to wind down our investments?
Transition Planning is an important part of every investor's game plan, and having a team that consists of a real estate attorney, CPA, and financial planner can be very helpful in putting this plan in place.
Bobbi S. Hines is an attorney, and a member of Kreis Enderle's Estate Planning and Elder Law Practice Group, and she's in the studio today to discuss transition planning for real estate investors.
We'll be talking about the different transition options investors and business owners consider, how you should be planning your transition plan now, and the mistakes people make in laying the groundwork for their transition plans that can have disastrous consequences for their business and their heirs.
Bobbi will also be teaching the RPOA's "Transition Planning for Real Estate Wealth" course at the RPOA's Grand Rapids office on Tuesday, June 19th @ 10am. You can register for this class by going to www.rpoaonline.org.
You can also contact Bobbi directly by email or phone:
There's a lot of great information packed into this episode that every investor and business owner should be considering and planning for. Enjoy!
Jeremy Garcia and Melanie Hall's path to real estate investing is very different than what you might expect from two successful entrepreneurs. Both have had to overcome the self-doubt and lack of confidence that many of us experience when starting down this road, but Melanie also faced tragedy and bankruptcy along the way.
Today they share their stories of working through that initial bankruptcy with the help of credit restoration companies and the RPOA, the House-Hack that made a $70,000 profit, and the house from hell that the city told them was on fire.
Jeremy also runs us through the numbers he looks for when making an investment and tells us about the police report he just filed on a contractor who was making unauthorized charges on his Home Depot credit card. Melanie explains why color is so important to making their homes feel inviting, and we discuss the purchasing power of women and why all rehabs should be done with them in mind.
This is a great episode to get to know two very interesting RPOA members and hear their true story. Jeremy also owns a landscaping company, and if you'd like to learn more about his services you can contact him through email: