Click here for Episode 439: How to Go From $7 to Managing a $100 Million Real Estate Investment Portfolio, with Vinney Chopra >
Vinney sits down for the Real Estate Rock Star Radio podcast with Pat Hiban to talk about a topic that’s very much close to his heart. He generously shares his story to everyone when, going as far back as when he first started with just $7 in his pocket. Now, Vinney manages a multi-million dollar multifamily portfolio. How did he do it? Let’s find out in this podcast.
Vinney’s humble start
Vinney is an engineer from India way back 40 years ago. He decided to pursue his MBA in the United States. His uncle at Maryland supported him while he was studying. Vinney went on to sell bibles, educational books and joined a motivational speaking group with fundraising at Tennessee and retired.He invested in single-family homes and became a real estate agent since 1981. It was not until 2004 when Vinney successfully passed the real estate brokers’ exam and from there, he set his eyes on the multifamily investment market.
Emerging wealth through investing
Vinney and his team kept on buying units, starting with a 14-unit property. His portfolio then grew astronomically to 3000 units. However, it wasn’t all roses when the recession of 2008 began and the property market was feeling the pinch. Nevertheless, Vinney didn’t lose his composure but continued to achieve his dream towards greater wealth.
Vinney studied every possibility. The results were remarkable because of his perseverance. And now, Vinney facilitates over 20 successful syndication deals worth over $120 million.
Bits of Advice for future aspirants.
“Never give up on your goals, keep on emerging and be someone,” Vinney says as he seeks to touch every person he meets in order to invite greater action. The lesson here is to never give up on your dreams.
If you think things have become so hopeless, you can at least find a partner with whom you can bond with. It’s also important to conduct ample research before making any move. Using these simple methods will definitely provide you with the motivation you need to stay ahead.