What is going on investor Thrive Nation? I’m here with Vinnie, one of an awesome guy that I just met and we networked together. I’m so pleased to have you on here, Vinnie. How you doing?
I’m doing great, great. Nathan’s so nice to really know you. And we had so much fun brother hanging out on my podcast. I said, Hey, let’s do it.
Let’s do it. So hey, everybody, it’s been a while since I’ve done a live most of my podcasts. I’ve actually done them, where we just record them and we put them on the platforms. But today we have a special I have a special occasion. I got Vinnie on here and I really had me on his podcast the other day, and he told me about what he does. And I said, Man, I gotta get Vinnie in front of my group of people so he can teach him show him how he got to start because you really inspired me with your what you’re doing, Vinnie, you’ve been, you’ve been crushing it. I didn’t you say that you started your real estate journey with $7? Is that what you’re saying?
Yes, I came to this country with $7. I’m a mechanical engineer, brother and I need to do mechanical engineer, bachelor’s. Then I did my MBA in Washington, DC at George Washington University. And I came into this country with $7. I sold Bible books and encyclopedias door to door to earn money for my tuition. bought my first car at $700, blue Maverick two door. You know, this whole journey started with that $7 Then a few $100 more, but I used to spend, I think rent, you know, in when I was doing this motivational speaking, I’ll send every money every penny back to India in our parents, and just keep $50 to eat. Wow.
Wow, that’s amazing. Now everybody that’s tuning in if you have never joined, listen to the the Payneless Wholesaling podcast the goal of why we bring people on here, the reason for the podcast is so you can learn from the experience of others. So your investing journey isn’t painful. We want to make it painless, because if you can learn from other people’s experiences, you don’t have to go through the issues and the trials and a lot of the problems that you’re going to have trying to figure out on your own. So we have Vinnie here, who’s going to basically tell us he’s already kind of let us know where you got to start, but we’re going to dive into what he does, how he got started, and learn as much as we can from Vinnie. So Vinnie, again, it’s a pleasure to have you on here. And just something that blew my mind yesterday, you told me that you have over you own over a billion dollars in real estate right now.
Yes. Further. Yes. You know, we’ve been doing, you know, investing in real estate, I’ve been married 43 years, we live near San Francisco, in Danville Black Hawk Country Club now with the grace of God. And with a lot of portfolio, you know, you make large million sales. You know, live in the country club, and we were living 27 years, just outside the fence, wondering 27 years, we still own that home. But I always was thinking, you know, God, if you know, we get bigger and better, maybe I’ll move into the country club. But let’s make long story short, yeah, we started selling real estate of not selling but buying all over the USA single family homes. But then the light bulb just came on. In 2000. I think 2000 You know, that’s 23 years back. But 2004 I became a broker. You know, my wife said she was a realtor. She says, Vinnie, you know, so much for everything. Why don’t you just take the exam. I just learned it in three months, the whole broker courses and everything, and aced it. I became a I’m still a broker, but I don’t sell or buy a thing at all. But then I wanted to scale up. I said, you know, how can I go from $150,000 home or 200,000? Home, you know, some cash flows come in, some equity comes in. But to really scale up, you need to be in commercial.
So that’s what changed my life. When I said, Okay, I’m going to buy, you know, I’ve looked at storage units, I looked at, you know, office buildings, I looked at, you know, shopping centers, but multifamily caught my attention multiple, it’s just like it’s more than one unit. So if it’s a duplex or four Plex or 10 plates, you can just have 10 dwellings for 10 families right there in that place space, and you collect rent better, you can have a part time manager, who can be also, you know, taking care of your, you know, service calls and all that stuff. So, that’s what got me started in a duplex. We still own that duplex, what $2,800 we make we paid off the mortgage we make every month $2,800 Even though we have over a billion dollar in portfolio. Then who 10 units 480,000 was my my team and my start that did back about 2008, let’s say eight around there, that’s about 1415 years back, right? 15 years. So what I found was Brother, that I can go from 180,000, I needed to buy a property 2.4 million, oh, it was 109 units in the same town, Odessa, Texas, I don’t mind sharing everybody 109 units, 101 storage units, and a commercial building back then things were cheaper, and the crash was coming and all that stuff. I didn’t know anything about market cycle 00 knowledge, rather, we just kept the, you know, eyes on the price, right?
I call it that way, I hired a really good coach, and we’ll pay him. I think we used to pay him $500 or $400 Every week, literally. Because he had done that what we wanted to do. So that got me going. And my partner also, I didn’t want to take all the credit. And then we’ll meet every week, like on Wednesday evenings, and he’ll hold us accountable. And he will tell us and give us assignments, and we were doing WT job, but we had to meet and prepare all these notes to make sure we do a best presentation for him. Tell us whether to buy or not how to go about financing all that stuff. So a coach is a very good thing. You know, somebody who’s done it, who’s doing it and all that, but 2008 Further, nobody wants to give me a loan or my partner. We’re living in California, San Jose, she lived there. I lived in oak. I mean, at that time I lived in Oh, in our home right here, then we’ll California anyway. So, you know, the seller said no way. I’m not going to take 20% down and give you a loan promissory note seller financing. He said, I said how about 30%? Down? No 40% down literally here it to give us loan at $1 million down. Wow, point 4 million property 1 million down. So we don’t have that kind of money brother. And I’m sure lots of people listening and watching and maybe later on they will be watching out. So I would love to get into this recording from you.
And we’ll also push it out again and repurpose it. Like I do a show abundance mindset on Thursday morning. 9am. Because to be very truthful, everybody listening to me and watching, it’s three things you got to really take care of to scale up. One is mindset. You got to really say, You know what, I am better than that person. Who is this? And what’s special in that person? Yeah, so the education. It’s only mentoring somebody mentored them, who somebody mentored me, brother, you know, I wouldn’t be at a billion dollar and now to when next billion and next billion. I mean, I’m just it’s crazy. Crazy. This August, I’ll be 71 I have so much passion. I don’t need to work a day in my life. I have millions of dollars. I’m in my you know, all my children, everybody. You know, we have two children. Neil and Monica. Monica is connected to our business. Neil retired, what? vertically and you know, did computer science, electrical engineering. He’s one more brainy, the dad and Monica is more brilliant than me and my wife, but he retired last year what? I haven’t at 37 he retired he’s a dad, I don’t need to make a dime. I said, Son, I love you. But I said you know, do something you know? And yes, discipline and all that which is good. But I believe in discipline, haha, mindset, discipline.
Those two things are so important brother. So important. So if you make a you know, decision that you want to buy a four Plex, let’s talk about that. Right. I would say to the audience, look at a four Plex. If you have not looked at it or triplex or duplex in your zip code, just look for near the area you’re living in now. You want to go too far. In a couple of hours drive. I say, you know, in my academy, I teach also, by the way, now I have my own academy. I teach everything that I’ve learned over 15 years. I put it into video lectures and you know, all these, you know, Excel worksheets and PPT PowerPoints and PDFs. So I teach Everybody, you know what I’m doing?
And yes, you need Yeah, you need to when you when you get worth a billion, you gotta definitely be able to teach people what what, you know
I want more billionaires really I do I do my, my core heart is that you know, I want so many people to learn. It’s so simple what I’m doing. It’s so very simple. There is so much money flowing all around you, brother. I mean, if I asked you, you know, in your relatives in your close circle, I say circle number one, your associates circle number two, where you do businesses with so many people, you know, maybe another one would be your, you know, partners and all that did is trillions of dollars. Haha, I didn’t say billions, trillions of dollar is stuck in the Wall Street for them in retirement funds in cash in equities. And that’s what I do. I’m able to raise 10 million in a day. What? Further 10 million in a day is money.
That’s a lot. I have 530 investors, but I started with one. I just met him over the weekend. And I gave a seminar at the Ritz Carlton over here in San Francisco, raised 12 million 750. And my very first investor came what I mean, 14 years back, he believed in me, that’s amazing. I had zero money. I had zero experience. And he believed in me, and he put that in the $2.4 million deal. Right? I bought and he put an isolated for 5 million doubled it in three to four years. I gave my investors 70% of the cash flow and returns equity gain. That’s very good for him. 43% per year returns brother 43.
That’s amazing for him. He definitely loved you I bet
after though No, he kept on putting 200 300 Almost every deal. I’ve done 39 funds and syndications means I bought 39 properties, multifamily anywhere from 140,000 which is 14 units to 2.4 million to 6 million 10 million 15 million 20,000,030 5 million. I just bought a deal in Austin, Texas with my partners in COVID. What 2020 I knew people in my backyard, were moving to Austin. See I live near Silicon Valley. All these Silicon Valley people said you could work from home and people just started moving out of California. I said, let me look at the studies. Where are they going? They were going to Florida Melbourne and to Austin Texas. That’s correct. Lanta and Atlanta. So what does we need? Do? I just texted all my brokers in Austin, Texas. And texted I do copy paste brother. I’m a very simple guy. Very simple guy. I say you know Hey, Vinnie is back again in Austin. I’m looking for 300 units. You know, I’m back with more money. And lo behold one person Michael calls me back. He says I know you nine years back you bought Country Club from me. And you were the easiest buyer ever. That’s what he said. Michael said I said brother tell the seller weenies back with more millions now. For 4.3 million I think or something. 132 units. 132 units. I bought brother in Seguin, Texas, right outside Austin. So it’s point 5 million already, you know, and all that. I said, Brother, just tell them they were 15 buyers. One five. This property was so good that people wanted to buy it. Yes, we are Vinny is coming back after nine years into Austin Texas. But But I had my foot hold 26 properties I think I bought in Texas by itself. And then I bought in Georgia, Atlanta, Georgia and around there. And I bought in Florida right so I foothold in three states. Right. So I’ll come back and they said yes, very you won the deal. I said what best and final? I gave 500,000 on signing the contract, non printable and my partner paid 500 It’s a big game brother of yours for 34,000,030 5 million. It’s a big deal. Anyway, so wait, did they choose to hedge?
Sorry Vinnie, I got a question. So they chose you because you did you make the best offer. Did you make what what made you stand out from the other offers?
You’re right, totally. It was out of 16. You put I mean, it’s a crunching number are crunching. It’s like, you know, you have to put your best foot forward with approval of the Freddie Mac loan, the letters that we are qualifying for $26 million loan, whatever it was, right? When my partners and I, and then we said, Okay, this is our business plan. And this is where we’re going to take the property this is our offer 34,000,007 50 is what we paid by the way. It was 32 million by the way, it started from there. We went up and up and up and up. Then we threw in 1 million kicker non refundable down see maker that was the deal maker. That’s the deal maker right there. You know, I mean, we knew that we have the financing. And we know we can raise the money, brother. I mean, that’s what we are. So we raise $16 million in about maybe took me month or so to do the PPM and all that stuff. And we closed that deal in 54 days, or less than 60 days, brother less than 60 days.
Wow. Then it may you’re opening my eyes. This is amazing. This is amazing what you’re doing. Absolutely amazing.
So that property brother, just to everybody listening and watching us who you’ll be watching, we were in contract to sell it. And it just you know, they hang around with us, blah, blah, I can talk about it. But it’s worth 60 million now what here really pays June of 2020 during COVID. So I know what where to buy. I know and my partners, they know how to look for a diamond in the rough. You know the area we know where we are going and we put our business plan in action. That’s what it is. Like, it’s worth 16 million now and we’ll be selling you the property in Melbourne, which was during COVID Only 4000 delinquency What 4020 20 I’m in my nobody’s living and we are increasing rent in COVID. These engineers ours, it’s near two spacecraft and all that right. You know, SpaceX and all that stuff. Yeah, on the eastern side of nearer to Palm Bay, and Melbourne and all that very good area. Anyway. Good idea. So I parked for another property. December 2019. Just before COVID 35,000,200 units over there. Brand new, beautiful. Now not a brand new looks very brand new Princeton Park is the name. It’s you just got the JLL to give us a VOB of 50. No 49 million for 25. From 3530. Wow.
That’s amazing. So Vinnie, let me ask you with buying so many properties. I’m curious. Do you ever get nervous with owning that much real estate? Does it keep you up at night?
No, I never have problems. I love the syndication world, which is SEC rules, right? transparency, honesty, no commingling and making sure the investors are happy and they’re getting reports, right? All those things. I have done 39 funds further. And I’ve sold I think I only have in my portfolio left now, maybe six properties, maybe eight properties, whatever, out of 39. I’ve closed the loops, given the money back when you give investors so much money equity gain, they want to text you and say take that money back. I don’t need it. Invest again. So that’s the beauty of it, you know, so you’re right. I’ve been on the loan for about 220 million at the peak, you know, but now we have sold lots of our assets. So AUM, we have had billion dollar and now we are ready for the next billion. And the good part is as you put the business plan, if you know what you’re doing, then the loans don’t matter. You know what I mean? Yeah, it’s the foreclosure is only two missed payments further to miss payments. It’s foreclosed on you. So all the people listening to us, you know, start small, I would say start small Vinnie Cartier, not overnight. It took me 15 years, 15 years, you know, and my Academy teaches everything rather. And you know, people used to pay me 3000 4000 people, maybe 100,000. Now to teach them one on one. What? But they make millions they make millions because I teach them the nitty gritty bring them in, in my ecosystem and all that stuff. But my course is only 997 Wow.
That’s amazing. That’s a good that’s a good price right there. So Vinnie, let me ask you this, if someone’s brand new, because most of the people that listen to this are brand new, right? They’re they’re getting started or maybe they’re nervous. Just to get started, they’re scared to make a phone call. What would you say that what you teach is something they can learn? Or is that something later down the road? kind of tell me what you think?
Oh, it’s right away brother. I mean, I’ve had students come in my academy and do syndication deals. In three months, in four months. I have some students who have done several deals, they just come for two, three weeks, I do master coaching. Also, by the way, on Wednesdays, like today’s the day, I will be teaching from four o’clock PST to 530. I’ve been doing it for six years, what we need flights time, because I want to teach I want to pay forward. I want a lot of people to be like Vinnie and better. You know, that’s amazing. It’s not rocket science at all. It’s so easy. I provide them the educational brochures, the underwriting tools, the scripts, I mean, everything. It’s so very nice home study guide. And all these things are for 997 only. And there are a few of the best is some of my students never came to the class. And they were underwriting they said one student said, really? I saw 150 hours I spent in your academy. What? Wow, he says 150 hours, brother, some of the lectures, they went back and got the gist of it went back just a bit. And once they came to my class to talk, I invited him he was killing everybody. Wow. Oh, good in underwriting because we provide videos, we provide tools and everything.
So when you let me ask you this, so is what’s the most difficult part of your business? The business you do? Is it underwriting and knowing what is a good deal? Is it finding a good deal? Tell me what’s the most difficult part,
I would say I would say to be very truthful. It’s raising money, raising money. And that’s why I concentrate in my academy, lots and lots of points and things and how to build your brand and how to take where you are right now. And go into the circle of family, friends and others do pool and joint venture. It’s so easy, it’s so easy, because they have money, but you have the skills, yes, and you try and get a good four Plex or eight Plex, in nearby and you put some, you know, package together and do some number crunching through my underwriting. They’re ready to look at it and then say, You know what, I want to invest money with you. You know, that’s how it is. So, you know, just start small. I will say, Don’t worry about billions and millions and all like I was talking. Just think about duplex, four Plex, six Plex. But you got to start somewhere, brother.
Course. Wow. This is very, very inspiring. It makes me feel like anybody you’re making it seem like anybody can do it. I know a lot of people probably think I don’t, I don’t have what it takes, right. But that’s where you’re saying the mindset, they gotta believe
It’s mindset brother, it’s totally mindset. If you think you can, you can, if you think you can’t, you can’t. I mean, you know, our mind is so and you know, I wrote that book positivity brings profitability. I would love everybody all the audience, you know, to DMU or something. And then I will give you the Audio Copy free to your audience.
That’s amazing. Thank you then
you could even go to, you know, Amazon and buy that book or audible.com. It’s got our their Kindle is there. Everything. So I’ve put books out there right now, apartment syndication made easy. And I can give you audio of that too free. I want people to take action. See many times people say you know what, I’m getting something for free. It shouldn’t be good, you know, but that’s not the case. My job. My My mission is to give it 200,000 people free.
Wow, that’s amazing. I think everyone that’s listening to that and even myself would appreciate that. That’s me. Yeah,
I’ll send it to you, brother. I have your text, you know, I’ll send you the audio of my and even my positivity book. I even asked to orators to speak my book. I don’t talk I have accent and all but that’s okay. You find a way right. So I have a matured white voice and Maury another younger voice. Haha. So I have two renditions. I’ll send you both. And then of course I wrote that other book about five years four years back, you know? That’s the apartment syndication made easy.
So Vinnie you you say you don’t your son just retired and very successful in you obviously can retire. What keeps you going? When you don’t have to work anymore?
You know, I’m so glad what you’re saying see at 7070 Actually, I’ll be 71 in August. My wife says you’re only 70 But you know what my mind is like 17 Yeah, I’ve got a to z Azzam and purpose in life, that’s the key thing, I’ll die I tell my wife all the time. If I don’t do what I’m doing, enjoying I can speak for 17 hours a day. Literally yesterday I got up at 330 or something right? Today I got up at 730 You know, it’s my business whenever I want to get up but the beauty is you got to have purpose in life. You got to have discipline in life and take care of your health and eat right and be active and stimulate your mind. I have so much to give to the you know, country that has given me so much I mean Bitcoin mining, I’m, you know, my product, Bitcoin I’m able to mine at 13,500 a day every day. I can sell it at 30,000 a day. What? mining business by digital marketing business by cloud security, startup business by brothers are working on them. It will be a billion dollar company, Scarlet books.ai. It’s like QuickBooks on steroids. with artificial intelligence. What? That is going to be a billion dollar company. I’m in the seed round on that one. Wow. And then you know, Metaverse and NF T’s, we got to take charge of what’s happening around us look at chat GPT, what’s going on? You know, so it’s the beauty of hotels. I’ve I’ve got 38 hotels, I partnered with my partners and I partnered with somebody who’s built 78 Hotels of all the big kinds, Hilton’s and Hyatt, and Marriott and all and now we are working to raise money so that they bring the construction experience. And they have done it 70 times. And now we have 38 Almost ready, because it takes in a lot of planning and everything and permitting and all that stuff. So we have 30 till 38 shovel ready hotels, same thing is true for my assisted living. I’m starting to buy suites in Scottsdale, Arizona, I’m working these Comfort Suites into assisted senior livings. Because I’m building them in Florida, it takes me three years to build brother. So I can have this suites converted within nine months and be able to offer the seniors to live in.
It’s amazing. So Vinnie, what enabled you to invest in all these opportunities? Is it real estate? Is that what enabled? You have all this?
Totally, totally. I mean, you know, I don’t want to brag or anything. This is my view outside my home. In Black Hawk, you know, we bought it for only 2.850. You know, right here in 2019. Brother, it’s 5 million now 5 million. It’s the power of syndication. It’s the power of raising money from investors, and making sure you’re true. You’re honest, you’re transparent, and you’re able to communicate with the investors, they will give you money left and right. But you got to start with one investor one investors. So now we have 700 investors, I was talking about one. Now we have 700 We have every day I get like today, I got a million dollar just today alone, brand new investor. They just met with my, you know, relations manager, relationship Investor Relations Manager, because there’s so many inquiries coming every day because of my persona in the you know, outside and all that. So he goes through and his team goes through, then I meet with them only when I’m ready to have their, you know, show them the packet and things like that. And it’s a 506 C so I can talk about returns for accredited investors only.
So Vinnie, is there where would you say the bottleneck is in your business right now? Is it finding is it the money? It sounds like you have enough money to invest? Is it now finding that properties? What where’s the bottle?
Properties? Brother properties? Totally. I mean, if I’ve been saying that, and my you know, always I believe in law of attraction. For the last two months, I’ve been saying I’m ready to buy nine Comfort Suites in Scottsdale, or even no name brand hotels because I know how to convert them. So my goal is to have at least 10 so that I can build a brand in Scottsdale in that old Scottsdale and others and in the surrounding Phoenix, because that’s the mecca for seniors retiring is natural. I latch on to one thing, I’m a very single purpose guy. And once I go for it, I just don’t let it go.
Well, Vinnie, I was reading the article I was actually on it their podcasts and they were saying that because of the uptick and vacancies of office buildings, a lot of office buildings are, are being able to be converted to residential. Is that true? From what you’ve seen?
Very true brother, very true. A lot of office buildings, strip shopping centers, you know, warehouses, they’re converting them into housing. Now, if I find some good ones, which I’m going to already send the feelers out, to look into, because we have number one commercial broker in Arizona, with our partner, you know, and he’s amazing, amazing, you know, gentleman, and he’s looking out for all different, you know, avenues where we could convert them, you know, and we can get them cheap, because they’re vacant, you know, it all depends on the NOI rather, you know, net operating income, so we can pay pennies on the dollar, and convert them into senior assisted living warehouses are amazing for us, because we could design the movie theaters, the spas, and the salons and the dining halls, and professional kitchens, and units inside, you know, all those things, right? So we are out there. I mean, anybody knows, he knows something or any kind of deals, and a lot of people call me, they say, Oh, I know somebody, somebody, somebody I don’t I only work with the listing agents, only listing agents. I cannot work with a buyer broker. I just wanted to be very, very frank. I don’t want to waste their time.
Of course, yeah. You don’t want people wasting your time bringing you stuff that they can’t even they don’t even know about right. If it’s for sale. Yeah. They let me ask you this. So if I had an eight Plex that I was going to purchase, but because the interest rates went up, I wholesaled it i wholesaled that property to an investor, do you ever buy properties through wholesalers? Or is it just straight? Oh,
I would love to brother I would love to, if your whole you know, you know team will look for 10 rooms, 10 rooms, or we could have six rooms, but we could make you know two more rooms, then we can have double occupancy in some bigger rooms. Because in Arizona, there are 10 Maximum seniors can be in a residential senior assisted living. And my executive director has been managing homes, what homes I went there with my partner, Craig, and we were going to buy this senior home which used to be a senior home. And when he went there, we were taking videos and everything appraisal comes in. He said Are you the new buyer? Only holy cow. So the seller didn’t tell us that he had a contract with our buyer and Dino our Executive Director, senior you know, Executive Director for the seniors living she’s has a lot of good experience and she manages beautiful, beautiful homes in the Scottsdale area. We loved it. I would love to put my mom passed away. But I would have loved to put my mom there was so great. Oh, beautiful and vaulted ceilings and the love and the care and the food and everything you know, meant to be. So I would love to chat with you. You know if you find 10 rooms, a property there are eight rooms we can add more to it if there is a lot next to it, you know, because not only I want to convert the suites, hotels, even older hotels, maybe if you have some call out people you know, you know bring that hotel to me. You know if it’s got low occupancy and all that. We could talk about it. I do want to also build residential assisted livings also over the and memory cares in the Phoenix area. Phoenix area. I’m really big on it. I am ready for it. I know. billion dollar right.
Well, I have a lot of connections to Phoenix. I love Phoenix. I think it’s a great area. I was there. I was just there two weeks ago.
Oh wow. Wow. Brother. Excellent. Let’s do it. You know I’m also very big in Las Vegas. See people love the lifestyle of Las Vegas. Seniors are retiring there also. So why not? When the seniors are doing independent living, but then something happens they fall or they break their you know hip and all that. So like you know their daughter Judy, who is 65 or so is looking at senior assisted living now because they live independently brother. So my radar right now is right there Phoenix area, Phoenix area and Tucson area to I’ll take it in Tucson to Reno Oh, because and then also in Las Vegas brother.
So when you say Phoenix, are you referring to Scottsdale specifically or do you it doesn’t matter.
I like the word like our company’s name. I think I should bring it up, we got the domain name now, we are ready to build a website and everything. And it’s called, oh my gosh, I Rita Villa Rita something, the Spanish word for open mind or open something like that. I should look at it.
And is it? Was it the one from the video you showed me on YouTube? Yes
That was a different one. Do you want me to show that I could show if you want to show you. Oh, let’s do it further. Oh my gosh. I think Oh, that’s great. So I just say here, I want to show the screen. So yeah, video. Yeah, if you got present right there, brother. And then slides video file right there. Share Screen. Let’s do the share screen. With these tips again. That’s okay. Share Screen. So now we are into it, right? Take the tab meet all that. And you say cancel. But now I’ll go to this place brother.
Right. And yeah, so under present, you just gotta go to Share Screen pick the screen you want to share and then you have to press click it and then you have to press Share and then that’s not your outcome here though.
Okay, so right there and present. And then she Oh, video file. Maybe this is the one let’s see if it shows up. Let’s see. Oh, no, no, that’s a thumbnail.
So do this. You have right there when you’re trying to share your screen there’s Chrome tab at the top it says window and then a tire entire screen. So if you click over to entire screen, air if you click on the screen one and then oh yeah,
I got you ruler. Oh, there you go brother. Yeah. I would love to show your, you know, your followers and followers. This is what I’ve been building. I was standing under a tree brother on the retreat where this building is built over 12 months 12 months let’s say and this is what it is.
A matter of antibiotic features the only 66,000 square foot one story facility in the area. Our residents get the daily support they need while remaining as independent as possible. We extend our highest level of service of value and quality. Everything you were looking for in an assisted living community
all award winning meals are created in certain restaurant style at our facility. Our stylish beauty salon will have you looking glamorous in no time and in the know
our luxurious spot allows you a tranquil place to unwind and de stress
our beautiful, elegant private dining room. With three gorgeous garden courtyards residents can enjoy a game of pot pot golf
residents can also enjoy our beautiful in ground swimming pool
enjoy time socializing at our coffee Bistro. The club room is designed for some hearty pool or card games and more.
That do not stay in apartment. But come out enjoy time with your social
you know right around the corner in our private library right you know, the modern theater invite you to indulge in your favorite movie.
It’s a great I love it.
Quality, we want to give them the dignity
at the spacious room inviting your guests to take an afternoon of conversation or perhaps a puzzle card game
listed the colors combinations and all
Beautiful.
We offer 72 spacious apartments featuring private will for your use kitchenettes and equally spacious restaurants. Whether you like a studio apartment, a one bedroom apartment or a two bedroom apartment there is a size and design to match your lifestyle. There are 22 Studio suites in memory care and features of private dining rooms are entertained entertainment and common areas are inviting and our staff will be here to ensure your loved ones receive the very best care Hampton manor of Punta Gorda. Let us be the writers of the next happy chat. direct your life. Call us today and nine,
very, anybody want to go?
As you know, I just stopped the shear brother.
So amazing, amazing, amazing. Project man. I love seeing that I think for people to watch that and see it even if they’re listening on the podcast in the in the future and they won’t be able to see it. The fact that you’re out there building and making your dreams come true. It’s absolutely amazing, inspiring.
Thank you. Thank you, Nathan. And you know, I just interviewed brother Philip from moms, you know, our mom’s or something. And he’s amazing personality. His mother actually is in assisted living in Punta Gorda when I showed him this. He says really? Oh my gosh, I can tell you what you just showed me. You know, Philip Brinson, that same for liquids, you know, and his mom’s house is his company, mom’s house is this company. What it does is that if a mom or dad needs to go to a senior care, he is able to he has a big circle all across USA, and they call him to make an offer right away. he cashes them so it’s a cash business credit, but he gives a good reasonable price, you know, which is nice, you know, he’s not playing on them, but he’s, you know, able to close the deal and have them ready to move into assisted living.
Absolutely amazing. So, Vinny, I think everything you’ve showed us is amazing. I would recommend for anyone that’s interested in getting into syndication apartments multifamily, I would recommend hitting up Vinnie right here Vinnie is at Vinnie chopra.com.
Yeah, it’s Vinnie chopra.com/academy. He they could say like that, or they could say Vinnie chopra.com, invest slash invest. You know, it’s very easy. And, you know, I have so many deals in the works now. And again, you know, the key thing is that we want to build so many of these to give the best quality care 33% of the senior assisted livings are old, indulgent, and smelly. You know, I’m saying that because that’s the truth. You know, people have told me, so when I go with my facilities, people want to leave that facility and come to mind, you know, in Punta Gorda, we had 65 Seniors ready paid $5,000 to hold the spot for four months. Before even I opened up what five seniors
for that assisted living? did? Was it a brand new build? Or did you just take?
No, right? I just showed you. It was a tree, a big tree. I right there, I bought 12 acres of land, I think 12 or 10 acres of land and seven acres. I built this, my partner and I can’t take credit for everything. My partner has built 33 of these. You know, he’s great. Vinnie knows how to find great operators and partners, right. I hotels I found with my partners, a tremendous company who is built 78 hotels. Now, how can we build hotels? We can’t he cannot. I mean, can I build a cybersecurity company? No. But I know how to find the jockeys and the horses. And then I go angel investing with them. And then I become put on myself on the board so that I can glide along along with there. Because they are the CEOs. I’m on the board.
Wow. So you’re really just leveraging the skill sets of other people. But you’re you’re connecting the right people and you have the talent to see who’s the right person.
Yeah, talent to find the right partners. I don’t do too much partnerships at all because I just have done everything. Most of it my own inner being on the loans and all. I think I’ve done maybe four partnerships so far, where I brought half the money. My partner’s brought half the money and we are managing it you know, when it’s 63 million 70 million, it’s good to have less risk. My wife says, you know, I like it when your other partners get on the loan along with you.
I’m sure she does. Right. Well, then you’re amazing. I had an amazing time with you. And I’ve learned a lot I am inspired because I right now I stay in my lane and that’s good. It’s good to focus right and right now I do residential, mainly single family but you’re you make everyone believe and feel that they can they can do what you’re saying. So you have a gift and I appreciate you being
no thank you. And you know, the key thing is, how big it is or how small it is. It’s all in the mindset brother. I mean, if I had bought That 14 units 480,000. And if I told myself, you know, that’s all I’m going to do, my only units, by the way that property 180,000 I sold it my partner and I sold it to one of our partners for three ad. Guess how much it is? 1.4 million today?
Yeah, yeah, I’ll keep going.
Yeah, just keeps on going up brother, because the rents go up, then the property value goes up. When the revenues are increased, and expenses are cut the net operating income. That’s the beauty See, in single homes. It’s not the net operating income. In duplex. It is because you’re living in one, you’re renting the other one, or you rent both in my case, like 800, I get 14 114 100 from each side in Odessa, Texas anybody wants to buy? Next brother, I need to talk to you holy cow. So, because I’m thinking to sell? Yeah, let’s do it. You know, you have millions of buyers. I love it. I’m going to text you the address and everything, then let’s see. And I would love to give you the commission that I was going to pay the broker brother.
There you go, man. I’m here. I’m here to help. I’m here to serve. So amazing. Amazing. I think networking is huge. And the fact that we’re able to come together and I hope, I hope, honestly, I hope anyone that listens, this reaches out to him and you’re you’re a Go Giver, you’re there to help. And I think a strategy of doing what you do is is extreme it is I would say it’s the next step right? For me, at least when I want to start I wanted to get into single family. I wanted to learn start flipping, but I really believe there’s a progression. Yes, people can go directly into syndication they can but I think it’s important to, for me my progression to level up.
I totally agree, brother. But guess what, I want to also share with you that if you had more money, all right, more money, that you’re able to pull in a fund and it doesn’t cost that much. And you can have that fun for a year or two years or three years. You can have the money ready from your investors, brother. And then you could just scale a business. There, you see, then you’re not doing one home at a time you’re doing 10 homes at a time. And you’re not buying single family brother, you’re buying duplexes for plexes, eight plexes. And that is going to give you 10 times the more commission or you know, referral fee or anything.
Yes, 100%. Because it’s just they’re worth more, they’re more valuable.
I love it, brother, I don’t know if you have time today, I teach four o’clock Pacific. So it’s like 12 It’s one o’clock now, in three hours I teach. And it’s this zoom that I did interview with you yesterday. It’s the same zoom, I’ll text it to you. If you come in. I would love love love. Have you come fly on the wall, kind of see how you know?
Because you know, just for everybody watching the way that networking that works for me is I know what I’m good at right? And you know what you’re good at. So I know that if someone came to me and said, Nate, I’d love to learn apartment syndication, I’d say hey, I’m not your guy. But I know someone who is really, and I know that that’s how that’s how we can work together. Is you know, we can we can if you if someone walks me to you and says, Hey, I don’t know if I want to do this part of syndication. Yeah, I want to wholesale. So I’ll help them out. And that’s, that’s how you really grow, whether it’s with coaching, whether it’s with real estate deals, it’s the same thing.
1000 times what you just said. And the good part is that you have so many investors and lot of those investors want to be even bigger and better, right? Everybody wants to grow their sales and business and more family time and life in a lifestyle change and everything. Right? So it’s good to get on a bandwagon, how to scale up. So I like to challenge your audience. If you made 100,000 Last year, how can you make 200,000 this year? That’s what I’m talking about. That is what we need to talk about, you know, because it’s possible. It’s very, very, very, very possible. And, you know, in my academy for 997 I don’t know if I told you or not, you will get everything. But if you come to the master coaching, I give like four weeks of that master coaching also, people pay me 100,001 On one now, I only take three students I can’t because it’s so much involvement right? But they are doing 200 million shit 200 million 100 Because I teach them to be right there where they are and look into their ecosystem and design the things for them, one on one coaching and then you know and My group coaching is much more reasonable. It’s not 100,000 You know, just come on over if you want to, and love to have you
I appreciate you having me here and I will do my best to point people in your direction that want to get into this because like I said, I can’t I’m not the guy but I will I know who is and it’s Vinny.
Oh my gosh, though no data. And you know, brother, I want to tell you about my duplex you are God sent. I was going to hire a broker, but you have buyers, buyers, these things brother in taxes and all over. It’s a beautiful duplex and I renovated it inside. It’s already 2800 You know, money’s given right? Every month. And I have a property management lady. She charged me only $100 a month.
That’s rather amazing.
She’s given you a good deal a very good deal because I know her. See I bought a lot of properties in Odessa, Texas. I’ve sold them all, but just kept that duplex. I had some emotional ties with it. But my my talk you know, I will brother, I’ll send you right now.
Take a look at it. Well, Vinnie, again, appreciate you being on the podcast. Hopefully we can have you in a couple, six months or so in the future. See where you’re at and where I’m at. And it’s fun. It’s fun to connect. So Vinny chopra.com, give them a check. Check them out, everybody. All right. Thank you. Thank you so much. Later, Vinny. Thank you
