Vinney was originally on the podcast in episode 105. Vine has been working in real estate for many years and in the last 12 years he’s had 27 successful syndications 13 of which he’s done in the last 3 years. Vinney has controlled over $300 million in niche market and has vertically integrated his businesses. He has 67 full time employees managing his assets under 2 companies; one that does syndications and the other that does property management.
Vinney is a best selling author of Apartment Syndication Made Easy and has 2 podcasts; Syndication Made Easy and Mr Smiles. He moved to the country 40 years ago with only $7 in his pocket and has been investing in real estate for 38 years but multifamily for 14 years. In the last 18 months he didn’t buy anything because the market got so hot everyone was overbidding. 2019 went really well, he closed on a $52 million deal, a $28 million deal and a $35 million. With everyone overpaying at the moment the CAP rate matters but when you’re going into a deal you need a spread with interest rates. It’s also important how you’re going to improve the asset in years 2 and 3 and this is the stabilise CAP rate.
- Most important habit – Miracle morning
- Most influential person – mentors
- Most important tool – Signeasy
- Contact – vinneychopra.com
Or text learn to 474747