Episode Description
Vinney “Smile” Chopra, a mechanical engineer, MBA, CA RE broker, Author of two International Top Sellers, Host of 3 Podcasts, an Investor, Mentor, Coach, and founder of 7 companies came to the US from India with $7 in his pockets. He sold encyclopedias and bibles door to door as a university student. His hard work paid off when he graduated from George Washington University with an M.B.A. (In marketing). He realized then he would make his career in the “relationship building and networking” field. A strong believer in the power of positive thoughts and selfless actions.
In this episode, Vinney discusses his experiences in the senior housing and assisted living industries. He notes that there is a huge opportunity for independent living and that acquisitions are still a viable option in this space. He cautions listeners to be patient with the market, as interest rates will eventually decline. Vinney also talks about other investment opportunities such as Bitcoin and how it has not gone down in value and that it is a good investment.
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[00:01 - 07:39] Opening Segment
Introducing Vinney to the show
Brief background and career
Vinney discusses the current market conditions and how he expects them to change soon
[07:40 - 19:24] Tips for Surviving the Hotel Market
The Fed has historically lowered interest rates to stimulate economic growth, mitigate inflation
In the past, 100% of the times that interest rates have been raised, they have also been cut within two years
There will be a shakeout of new investors in the market as well as some "overbidding" by previous investors
Vinney agrees that rates will not go down to 2%
He recommends selling the property at this time at 2.89%
[19:25 - 28:23] How to Invest in Housing and Other Assets
There is a huge opportunity for senior living as the population ages
The sentiment is similar in that you should focus on finding qualified operators who can effectively run the day-to-day and staff the property
Vinny shares how they do their staffing, so they don't outsource this responsibility
Bitcoin mining is a profitable investment and can be done with supercomputers and good power source contracts
[28:24 - 37:19] The Quattro Trio
What is your superpower?
Vinney’s smile and energy
What is your biggest failure?
Being too nice and naive
Vinney’s philanthropic ventures
See the links below to connect with Vinney!
Final words
Quotes:
“Stay in the market because the off-market days come to those who are still squeezing.” - Vinney Chopra
“If you don't do syndication to raise money or do things like joint ventures or member-managed LLCs then you could give active income losses to the investors.” - Vinney Chopra
Connect with Vinney through LinkedIn, Instagram, Facebook, Twitter, YouTube, or visit www.VinneyChopra.com and www.SeniorLivingInvesting.co. Also, check out Vinney’s books, Apartment Syndication Made Easy and Positivity Brings Profitability!
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