This week Vinney Chopra also know as Mr. Smiles talks about "OPM" also known as other people's money. He will discuss how important it is to take care of your investors and why "OPM" is the only way to make money in the apartment syndication business. He will end our weekly power talk with his weekly GOLDEN NUGGET on other people's money and I will give you a hint, but you will have to watch and listen to get the goods. My hint is mindset…
TODAY'S TAKEAWAYS
The benefits of using other people's money rather than your own.
Why it is important to make your investors feel comfortable.
Other people's money is the only way to scale your syndication business.
Pulling other people's money helps investors make more money than traditional investing.
Don't tie all your money in one property.
Investors get paid first!
Your track record will make or break you with your investors.
The importance of creating a relationship before you show an investor a property.
Is syndication safe?
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About Vinney (Smile) Chopra:
Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much.
Learn more about Vinney: https://vinneychopra.com/
Learn more about investing with Vinney: https://vinneychopra.com/investor/
Apply for Mentorship: https://vinneychopra.com/mentorship/
Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos
Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/
Vinney's Instagram: https://www.instagram.com/vinneychopra/
Vinney's Free Book: https://vinneychopra.com/freebook/
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