1 00:01:05,356 --> 00:01:06,766 welcome back, Alchemist. 2 00:01:06,766 --> 00:01:10,766 This is the Abundance Thursdays Podcast with myself, Gualter Amarelo 3 00:01:10,786 --> 00:01:12,556 and the great Vinny Smile Chopra. 4 00:01:13,381 --> 00:01:14,821 So good to see you back on the treadmill. 5 00:01:15,391 --> 00:01:16,171 Thank you, brother. 6 00:01:16,171 --> 00:01:16,771 Thank you. 7 00:01:16,771 --> 00:01:20,551 I'm so excited to be back home after some little time. 8 00:01:20,551 --> 00:01:21,691 Family reunion. 9 00:01:21,991 --> 00:01:27,241 We try to do it every year at a good resort, all inclusive so that we can 10 00:01:27,241 --> 00:01:29,071 have fun on the beach and everything. 11 00:01:29,791 --> 00:01:32,281 Now, Vinny, when you say family reunion, you've had. 12 00:01:32,796 --> 00:01:35,196 A bunch of trips with your family. 13 00:01:35,376 --> 00:01:38,416 Sometimes your sister in-law comes along. 14 00:01:38,416 --> 00:01:41,006 Sometimes your son, your daughter come with you. 15 00:01:41,056 --> 00:01:44,056 Your wife is always there, conscience, always on vacation with you. 16 00:01:44,626 --> 00:01:44,746 Yes. 17 00:01:44,806 --> 00:01:45,916 This is a little different. 18 00:01:45,916 --> 00:01:48,436 This is something you do annually with other family members. 19 00:01:48,436 --> 00:01:48,706 How many. 20 00:01:48,866 --> 00:01:51,566 Of your, how many of the Chopra family were there? 21 00:01:51,626 --> 00:01:55,136 And I assume outside of the Chopra family, 'cause your wife's side as well, right? 22 00:01:55,316 --> 00:01:55,826 Correct. 23 00:01:55,826 --> 00:01:56,276 Correct. 24 00:01:56,276 --> 00:02:00,446 This actually was the wife's side, her sisters brother-in-law 25 00:02:00,686 --> 00:02:02,786 and also his, her brothers. 26 00:02:03,006 --> 00:02:07,536 We usually get together once a year, seven days or something. 27 00:02:07,776 --> 00:02:12,006 In Cancun or Puerto of Lar or Cabo San Lucas. 28 00:02:12,006 --> 00:02:13,291 That's what we've been doing. 29 00:02:13,531 --> 00:02:17,491 So it was a lot of fun, a lot of relationship building, enjoyment, 30 00:02:17,521 --> 00:02:22,961 time, humor, all those things, and walking on the beaches twice usually 31 00:02:22,961 --> 00:02:25,631 twice morning and evening and so forth. 32 00:02:25,631 --> 00:02:30,461 So it was fun and spa and treatment and massages, all that stuff. 33 00:02:31,821 --> 00:02:32,756 Vinny, I gotta ask you, 'cause we. 34 00:02:33,046 --> 00:02:35,596 We talk a lot about surrounding yourself with the right people. 35 00:02:35,596 --> 00:02:40,186 And today's principle is learn to solve problems for people and making profit, 36 00:02:40,186 --> 00:02:41,506 doing it, getting rich, doing it. 37 00:02:42,046 --> 00:02:46,306 There's gotta be problems that come up over the family dinners, right? 38 00:02:46,306 --> 00:02:48,256 So your family has problems, right? 39 00:02:48,256 --> 00:02:50,206 They're not the normal problems 40 00:02:50,326 --> 00:02:51,526 every family does. 41 00:02:52,696 --> 00:02:56,206 Do you still help them solve problems that are not money related? 42 00:02:56,236 --> 00:02:59,876 Do you find that as a way to practice solving problems or do you find that 43 00:02:59,876 --> 00:03:04,376 with family it's just listen and agree And how do you navigate that? 44 00:03:04,736 --> 00:03:08,396 My personality is very much kinda just listen. 45 00:03:08,606 --> 00:03:11,126 Because I feel that, family relationships. 46 00:03:11,506 --> 00:03:16,906 Are better because it's very hard to change anybody actually, 47 00:03:16,906 --> 00:03:18,406 especially their thinking. 48 00:03:18,656 --> 00:03:20,966 And I love Mel Robbins new book. 49 00:03:21,356 --> 00:03:27,356 Let Them Be something like let them have or let them Be Theory, which is you are 50 00:03:27,356 --> 00:03:31,031 not responsible for anybody's happiness. 51 00:03:31,866 --> 00:03:32,556 You are not. 52 00:03:32,676 --> 00:03:33,306 You're not. 53 00:03:33,306 --> 00:03:36,846 If you're thinking that I can change their mind within 20 54 00:03:36,846 --> 00:03:39,006 minutes, 15 minutes, you are wrong. 55 00:03:39,756 --> 00:03:40,476 Actually. 56 00:03:40,476 --> 00:03:43,536 People hate when you correct them. 57 00:03:44,301 --> 00:03:47,391 To be very truthful, they do not like that. 58 00:03:47,661 --> 00:03:49,131 Nobody likes criticism. 59 00:03:49,281 --> 00:03:50,121 Think about us. 60 00:03:50,121 --> 00:03:52,761 When people cut us down, we don't like it. 61 00:03:52,811 --> 00:03:59,231 So the key thing is to let them speak their mind, and hopefully in the 62 00:03:59,231 --> 00:04:05,581 discussion within the family, somebody else will interact also, and then. 63 00:04:06,111 --> 00:04:08,061 They will be, that will be solved. 64 00:04:08,301 --> 00:04:13,201 Usually our families are very nice, we don't do any big, having 65 00:04:13,201 --> 00:04:15,481 grudges or things like that. 66 00:04:15,481 --> 00:04:16,681 So that's a good thing. 67 00:04:16,771 --> 00:04:17,071 That's a 68 00:04:17,141 --> 00:04:21,161 Good family reunions have something, but in order for the family to keep 69 00:04:21,161 --> 00:04:22,361 coming back, it's gotta be fun. 70 00:04:22,361 --> 00:04:22,861 People keep yeah. 71 00:04:23,206 --> 00:04:25,996 Otherwise people come up with excuses why they're not gonna be there this year. 72 00:04:26,626 --> 00:04:31,426 So we know that solving problems is necessary in business, but 73 00:04:31,546 --> 00:04:33,046 in the family unit it's not. 74 00:04:33,176 --> 00:04:36,536 Sometimes not solving problems is positive. 75 00:04:36,806 --> 00:04:37,796 How do you know? 76 00:04:37,796 --> 00:04:39,536 'cause this principle is solve problems. 77 00:04:39,936 --> 00:04:41,946 Learn to love solving problems and getting rich doing it. 78 00:04:41,946 --> 00:04:44,976 I think a lot of us, especially men, we're very good at problem solving. 79 00:04:44,976 --> 00:04:46,146 We like to solve problems. 80 00:04:46,536 --> 00:04:46,686 Yeah. 81 00:04:46,716 --> 00:04:50,016 How do you do it in business in such a way that a person actually says, 82 00:04:50,016 --> 00:04:52,116 thank you for solving this problem. 83 00:04:52,176 --> 00:04:54,666 Because I know I've been on calls that said, oh, you know what you should do? 84 00:04:54,666 --> 00:04:55,176 You should do this. 85 00:04:55,176 --> 00:04:55,236 Yeah. 86 00:04:55,686 --> 00:04:56,796 And people are like oh, no. 87 00:04:56,796 --> 00:04:57,306 Thank you. 88 00:04:57,881 --> 00:05:01,271 But then I've been on other calls where I'm listening and 89 00:05:01,511 --> 00:05:03,131 saying have you considered this? 90 00:05:03,131 --> 00:05:03,506 Have you considered? 91 00:05:03,536 --> 00:05:04,851 Would that be helpful? 92 00:05:05,211 --> 00:05:07,491 And at the end of that call, I'm being told, wow, thank you so much. 93 00:05:07,491 --> 00:05:08,661 You really solved my problem here. 94 00:05:08,901 --> 00:05:10,771 So how do you balance that out? 95 00:05:11,191 --> 00:05:13,381 You love to solve, but how do you slow down? 96 00:05:13,566 --> 00:05:14,496 When you really wanna do it. 97 00:05:14,796 --> 00:05:15,156 Love that. 98 00:05:15,306 --> 00:05:20,076 Again, I just go back to, like when a doctor is sitting down with us or an 99 00:05:20,076 --> 00:05:26,526 attorney or a CPA or anything financial advisor, they want you to speak and 100 00:05:26,526 --> 00:05:31,956 talk and share the whole spectrum so that they don't wanna misdiagnose. 101 00:05:32,341 --> 00:05:33,361 That's the other thing. 102 00:05:33,631 --> 00:05:38,401 And then give prescription, which can is not the right one. 103 00:05:38,641 --> 00:05:44,821 So it's very important to listen and try to ask probing questions so that 104 00:05:44,821 --> 00:05:50,581 they can even open up more as to why the situation has developed and so 105 00:05:50,581 --> 00:05:52,771 forth, and what are they seeking. 106 00:05:53,101 --> 00:05:55,741 So it's very good to ask them. 107 00:05:56,161 --> 00:05:58,111 By the way, you just shared with me this. 108 00:05:58,856 --> 00:06:00,116 What do you think? 109 00:06:00,476 --> 00:06:01,976 What are you seeking? 110 00:06:02,006 --> 00:06:06,976 With my experience, limited experience, I always say that, I may be able to help. 111 00:06:07,156 --> 00:06:10,606 I may not be, but I'll just give you my perspective. 112 00:06:11,266 --> 00:06:12,496 That's how I say. 113 00:06:12,736 --> 00:06:13,816 Then you, I've got a question. 114 00:06:13,816 --> 00:06:15,346 Any pressure on them? 115 00:06:15,766 --> 00:06:16,066 Yeah. 116 00:06:16,366 --> 00:06:17,511 I got a question because you said. 117 00:06:18,346 --> 00:06:21,796 Probing questions, and I've heard this before and I have probing 118 00:06:21,796 --> 00:06:24,796 questions that I ask when I want specific results for a person. 119 00:06:25,126 --> 00:06:28,036 What are some of the probing questions you are asking people right now in 120 00:06:28,036 --> 00:06:29,626 this market, in your conversations? 121 00:06:29,626 --> 00:06:31,576 I know you're sitting down with investors every week. 122 00:06:31,726 --> 00:06:31,786 Yeah. 123 00:06:31,936 --> 00:06:35,206 So what are some of the probing questions you are actively asking, and what is 124 00:06:35,206 --> 00:06:37,546 the temperature you're feeling for? 125 00:06:37,546 --> 00:06:39,196 What are the pain points you're looking for? 126 00:06:39,601 --> 00:06:40,441 Exactly. 127 00:06:40,491 --> 00:06:45,651 The biggest thing is I'm asking them, have you invested in commercial real estate? 128 00:06:45,651 --> 00:06:49,161 Because I'm in commercial, I'm in, multifamily of 129 00:06:49,161 --> 00:06:50,631 course, very little right now. 130 00:06:50,781 --> 00:06:55,551 But then hotels, hospitality, senior livings and some other things. 131 00:06:55,731 --> 00:07:00,831 The key thing is to find out where their mind is at. 132 00:07:01,371 --> 00:07:02,841 Have they lost money? 133 00:07:03,786 --> 00:07:10,056 To be very truthful, lot of investors are very uneasy because the distributions 134 00:07:10,056 --> 00:07:15,406 have stopped, they don't see, and some cash calls are happening left and right 135 00:07:15,406 --> 00:07:21,706 for many months now, and the read in the newspaper there is 770 billion is 136 00:07:21,711 --> 00:07:24,196 gonna be coming due end of December. 137 00:07:24,406 --> 00:07:26,926 So all those things are mixtures. 138 00:07:27,136 --> 00:07:30,916 I talked to one investor, he says, Vinny, I've lost 500,000. 139 00:07:32,371 --> 00:07:37,551 In the last few months, because of whatever investment I did yesterday, 140 00:07:37,551 --> 00:07:43,081 I had a lunch with the business, men our friends, and somebody was saying, 141 00:07:43,111 --> 00:07:46,246 I'm just gear to get my money back. 142 00:07:47,591 --> 00:07:50,171 Not the returns but just the money back. 143 00:07:50,561 --> 00:07:56,801 And so those are very salient questions and risks that people are facing. 144 00:07:56,981 --> 00:08:03,521 So we got to let them speak up because if we have a product like my hotel investment 145 00:08:03,521 --> 00:08:06,041 or whatever, I cannot throw it them. 146 00:08:06,941 --> 00:08:09,011 If their mind is not ready, 147 00:08:09,701 --> 00:08:11,321 if, because it sounds the same, right? 148 00:08:11,321 --> 00:08:12,071 Yeah, it sounds the same. 149 00:08:12,071 --> 00:08:13,691 Oh, another commercial deal. 150 00:08:13,751 --> 00:08:14,711 No commercial deal. 151 00:08:14,711 --> 00:08:15,311 Got hurt. 152 00:08:15,971 --> 00:08:16,961 Commercial is bad. 153 00:08:17,321 --> 00:08:17,411 Yeah. 154 00:08:17,411 --> 00:08:21,401 So you're going in to ask their assessment of commercial. 155 00:08:21,791 --> 00:08:21,911 Yeah. 156 00:08:21,971 --> 00:08:24,731 And then if they've lost money, where did you lose money? 157 00:08:24,731 --> 00:08:27,671 And so you can start positioning yourself as something, as a different 158 00:08:27,671 --> 00:08:28,691 investment, as a different asset class. 159 00:08:29,636 --> 00:08:34,466 Totally, and find out if you could even help them or give them some perspective. 160 00:08:34,796 --> 00:08:38,216 You know what's fixing to happen with the interest is nobody knows. 161 00:08:38,266 --> 00:08:40,576 You know where the economy is right now. 162 00:08:40,756 --> 00:08:45,076 Stock market is going through the roof and situations are bad. 163 00:08:45,076 --> 00:08:46,966 Government is shut down right now. 164 00:08:47,456 --> 00:08:48,176 Oh my gosh. 165 00:08:48,176 --> 00:08:53,036 Air controllers are leaving at four 15, I heard in Burbank, and 166 00:08:53,036 --> 00:08:57,236 they said if the flight comes after that, it's, they have to manage San 167 00:08:57,236 --> 00:08:59,426 Diego, manage them or something. 168 00:08:59,756 --> 00:09:00,476 So it's 169 00:09:00,476 --> 00:09:01,886 pretty, you are clearly ahead of me. 170 00:09:01,886 --> 00:09:04,826 I haven't opened Facebook today, so I didn't realize 171 00:09:04,826 --> 00:09:06,206 the government was shut down. 172 00:09:08,206 --> 00:09:09,496 So there's things happening right now. 173 00:09:09,496 --> 00:09:11,176 We know the stock market's through the roof, and I made a 174 00:09:11,176 --> 00:09:12,856 post the other day about Bitcoin. 175 00:09:12,856 --> 00:09:15,881 I sold a Bitcoin and people were like, oh my God, you're gonna regret that. 176 00:09:15,881 --> 00:09:17,801 And it's I'm making a lot of money over here in this real estate 177 00:09:17,801 --> 00:09:19,061 side that's doing really well. 178 00:09:19,091 --> 00:09:21,191 And yeah, Bitcoin is unpredictable. 179 00:09:21,191 --> 00:09:22,421 It's just something I can't control. 180 00:09:22,421 --> 00:09:23,201 I can't predict it. 181 00:09:23,561 --> 00:09:27,016 So I got a little bit of a backlash, but there the stock market's doing well. 182 00:09:27,286 --> 00:09:28,246 Bitcoin's doing well, right? 183 00:09:28,246 --> 00:09:29,116 Crypto is doing well. 184 00:09:29,216 --> 00:09:29,276 Yeah. 185 00:09:29,396 --> 00:09:31,346 And yet we have interest rates. 186 00:09:31,346 --> 00:09:32,666 We don't, we can't predict the future. 187 00:09:32,666 --> 00:09:34,256 We have insurance costs that have gone up. 188 00:09:34,256 --> 00:09:38,606 We have notes that are coming due, $70 billion in notes coming due in December. 189 00:09:38,966 --> 00:09:39,536 And how do we. 190 00:09:40,741 --> 00:09:42,391 Now that we know, okay, person's lost money. 191 00:09:42,391 --> 00:09:45,271 I have, I can think of a number of examples with a friend of mine 192 00:09:45,571 --> 00:09:48,871 Monday, and he told me, yeah, I've lost about four or 500,000 in lending. 193 00:09:48,921 --> 00:09:50,421 That doesn't sound good to me. 194 00:09:50,421 --> 00:09:51,111 I'm like, oh my God. 195 00:09:51,111 --> 00:09:53,211 Like I work heavily in debt and in lending. 196 00:09:53,211 --> 00:09:55,441 So you're not gonna be interested in my thing. 197 00:09:55,681 --> 00:09:56,161 I, so what? 198 00:09:56,161 --> 00:09:59,371 But I asked him, just like you were saying, probing questions, what type 199 00:09:59,371 --> 00:10:02,641 of loans were these, you know what kind of asset class and of course 200 00:10:02,641 --> 00:10:04,351 it was flips of single family homes. 201 00:10:04,351 --> 00:10:04,951 So I said, whoa. 202 00:10:05,221 --> 00:10:05,911 We're different. 203 00:10:05,961 --> 00:10:07,191 They have a fundamental problem. 204 00:10:07,191 --> 00:10:10,701 There's no cash flow, there's no way for them to re, they're not thinking 205 00:10:10,701 --> 00:10:12,201 refinance, they're not filling units. 206 00:10:12,201 --> 00:10:13,221 So that is a problem. 207 00:10:13,221 --> 00:10:14,511 I could see why they would stop paying. 208 00:10:14,511 --> 00:10:16,191 I'd see how they, they have those problems. 209 00:10:16,641 --> 00:10:16,881 Yes. 210 00:10:17,571 --> 00:10:19,851 We know probing questions are valuable. 211 00:10:19,851 --> 00:10:21,431 You handed us two probing questions. 212 00:10:21,431 --> 00:10:22,151 Can we get another one? 213 00:10:22,151 --> 00:10:23,081 What's another probing question? 214 00:10:23,081 --> 00:10:25,841 Let's say their experience in real estate commercial. 215 00:10:25,841 --> 00:10:27,531 They've they've lost some money. 216 00:10:27,531 --> 00:10:29,631 What is the next question that you would ask somebody? 217 00:10:30,051 --> 00:10:33,621 I think the next question will be, by the way, have you looked 218 00:10:33,621 --> 00:10:39,111 into some asset classes, which are cash flowing and they have a great 219 00:10:39,111 --> 00:10:42,201 potential with the demographic shifts. 220 00:10:42,341 --> 00:10:45,551 10,000 baby boomers turning 65. 221 00:10:46,061 --> 00:10:48,581 We go back to that right silver tsunami. 222 00:10:48,821 --> 00:10:54,081 There is a shortage of, assisted living and memory care in this country, and 223 00:10:54,081 --> 00:10:55,371 it's gonna get bigger and bigger. 224 00:10:55,791 --> 00:10:59,301 Hospitality has come back after COD. 225 00:11:00,001 --> 00:11:05,761 Even though with tariffs, some of the buy carts and everything in good locations, 226 00:11:05,761 --> 00:11:12,021 hospitality is good, with the corporate travels domestically and so forth 227 00:11:12,021 --> 00:11:14,721 like that, and tourism and so forth. 228 00:11:14,811 --> 00:11:17,751 So the key thing is to find out if they're even. 229 00:11:18,346 --> 00:11:20,206 Thinking in those terms. 230 00:11:20,686 --> 00:11:23,866 And then the next probing question will be, are you sitting 231 00:11:23,866 --> 00:11:27,386 on some, dry cash retirement? 232 00:11:27,416 --> 00:11:28,316 That's the other thing. 233 00:11:28,346 --> 00:11:31,956 Three investors, I shared with them that they could, change 234 00:11:31,956 --> 00:11:37,731 from Wall Street to Main Street by self-directed IRAs and 401k. 235 00:11:37,841 --> 00:11:38,451 They didn't know that. 236 00:11:39,506 --> 00:11:40,736 They said, Vinny, really? 237 00:11:40,796 --> 00:11:45,236 Oh, I could take that money, have a checkbook control and invest in 238 00:11:45,236 --> 00:11:47,126 syndication and fund like yours. 239 00:11:47,366 --> 00:11:48,566 I said, yeah, you can. 240 00:11:48,596 --> 00:11:51,566 Then I put them in touch with three people, right? 241 00:11:51,566 --> 00:11:56,246 Three custodians, because we don't get paid any referral fee, but I like them. 242 00:11:56,246 --> 00:12:03,376 They're low cost, so I shared with them, and they appreciate if you find solutions 243 00:12:03,796 --> 00:12:06,916 for them and then they say, you know what? 244 00:12:06,916 --> 00:12:07,666 What do you have? 245 00:12:09,291 --> 00:12:10,066 At this time. 246 00:12:10,111 --> 00:12:14,356 Speaking of hospitality, I, you got me thinking, 'cause I travel quite 247 00:12:14,356 --> 00:12:18,856 a bit more than I would like to, and I don't stay at Airbnbs, but one of 248 00:12:18,856 --> 00:12:20,176 the things I've been seeing is that. 249 00:12:20,446 --> 00:12:24,586 The hospitality space has had the problem with Airbnbs recently, but I'm seeing 250 00:12:24,766 --> 00:12:29,326 that hospitality space actually pushing back and getting the cities involved, 251 00:12:29,326 --> 00:12:32,476 and the cities are now shutting down Airbnbs they're wiping some of that out. 252 00:12:32,986 --> 00:12:35,626 And I was just thinking I haven't stayed in Airbnb. 253 00:12:35,956 --> 00:12:37,096 I spent one. 254 00:12:37,796 --> 00:12:41,456 At the beginning of this year, but for the most part, I've been staying 255 00:12:41,456 --> 00:12:46,166 in hotels and I'm just thinking like, why do I stay in hotels over Airbnbs? 256 00:12:46,376 --> 00:12:47,756 One, it's easier. 257 00:12:48,176 --> 00:12:50,966 It's just so much more convenient for me. 258 00:12:51,016 --> 00:12:52,516 Two, they're predictable. 259 00:12:52,546 --> 00:12:54,406 It's, I know exactly what I'm gonna get. 260 00:12:54,406 --> 00:12:55,336 There's no questions. 261 00:12:55,726 --> 00:12:57,706 And three, I don't have to talk to the staff. 262 00:12:57,706 --> 00:13:00,316 I at the door, I talk to them and I'm done and it's. 263 00:13:00,756 --> 00:13:01,356 Predictable. 264 00:13:01,356 --> 00:13:02,526 We're not gonna talk anymore. 265 00:13:02,916 --> 00:13:03,066 Yeah. 266 00:13:03,126 --> 00:13:07,036 With the Airbnb space I'm more often than not confused on 267 00:13:07,036 --> 00:13:08,536 where the key is, how to get in. 268 00:13:08,926 --> 00:13:13,366 I'm talking to them to try to figure stuff out and it's been a. I think that the 269 00:13:13,366 --> 00:13:17,476 hotels have a really strong niche in the sense that it's hands off for the user. 270 00:13:17,866 --> 00:13:20,896 It's very much, it's easy for us to use. 271 00:13:21,286 --> 00:13:23,926 So I do think that the hotel space is gonna be interesting. 272 00:13:23,926 --> 00:13:24,706 It solves a problem. 273 00:13:24,736 --> 00:13:26,776 It solves a problem for me as somebody who's constantly traveling. 274 00:13:26,776 --> 00:13:30,736 And then also Vinny, my staff that travels from New Jersey to 275 00:13:30,766 --> 00:13:34,876 Cleveland, from New Jersey to Jackson, they all stay in hotels as well. 276 00:13:35,236 --> 00:13:35,446 Sure. 277 00:13:35,776 --> 00:13:36,526 Because it's. 278 00:13:36,871 --> 00:13:37,861 Easier for us. 279 00:13:38,311 --> 00:13:39,721 And the, it's just a simpler process. 280 00:13:40,051 --> 00:13:42,786 Good mid-tier, not the rich luxury. 281 00:13:42,786 --> 00:13:44,286 Luxury rates, cartons. 282 00:13:44,526 --> 00:13:47,806 But yeah we're always like holiday express or like holiday like Yeah, either. 283 00:13:48,116 --> 00:13:48,406 Yeah. 284 00:13:48,721 --> 00:13:53,646 In the middle, there is a extended stay are doing very well in this 285 00:13:53,646 --> 00:13:56,556 market, low maintenance and so forth. 286 00:13:56,616 --> 00:14:00,006 And also the good thing is the product is good. 287 00:14:00,061 --> 00:14:04,471 If the product is good, people are busy in their lives, working during the 288 00:14:04,471 --> 00:14:09,591 day, they just come nice, clean place to come back to, so service is the big 289 00:14:09,591 --> 00:14:15,801 aspect and ai, artificial intelligence is helping a lot in hospitality. 290 00:14:16,011 --> 00:14:18,746 It was helping before, but even more so now. 291 00:14:19,151 --> 00:14:19,211 Yeah, 292 00:14:20,391 --> 00:14:23,931 I think a lot of the bookings too, a lot of that is done via an algorithm. 293 00:14:23,931 --> 00:14:25,401 The prices go up as needed. 294 00:14:25,401 --> 00:14:26,631 They drop down as needed. 295 00:14:27,051 --> 00:14:31,821 Airbnb's doing some of that as well, but it is a, it is an interesting time to 296 00:14:31,821 --> 00:14:34,461 see these asset classes into the future. 297 00:14:34,851 --> 00:14:39,371 I do see multi-family and senior assisted living really 298 00:14:39,506 --> 00:14:41,111 being insulated in the future. 299 00:14:41,261 --> 00:14:44,801 The bay boom generation is retiring, the silver tsunami is here. 300 00:14:45,101 --> 00:14:47,621 Single family homes are getting beat up regardless, like it's just. 301 00:14:47,826 --> 00:14:49,656 Do they solve the problem anymore? 302 00:14:49,656 --> 00:14:51,186 They're becoming the problem. 303 00:14:51,616 --> 00:14:53,776 And people don't quite want that anymore. 304 00:14:53,776 --> 00:14:56,846 They wanna go to something that's more easy for them and takes 305 00:14:56,846 --> 00:14:58,376 care of their greater demands. 306 00:14:58,976 --> 00:15:00,296 Building solutions. 307 00:15:00,326 --> 00:15:03,806 So part of the notes here are building solutions that save time, reduce stress, 308 00:15:03,806 --> 00:15:08,216 and generate better results in your senior assisted livings and in your hotels, 309 00:15:08,216 --> 00:15:12,096 what are you doing to step away from the competition and provide a better service? 310 00:15:13,161 --> 00:15:16,311 It all depends who are in the front line. 311 00:15:16,701 --> 00:15:20,571 I always say that, I'm sitting in my office in San Francisco 312 00:15:20,571 --> 00:15:25,191 area, but who are the people I'm hiring or my team is hiring? 313 00:15:25,491 --> 00:15:28,461 How are we giving the product to seniors? 314 00:15:28,461 --> 00:15:32,811 See, seniors are very, you have to be 24 hour care. 315 00:15:33,141 --> 00:15:36,921 The director has to be, the administrator, has to be top-notch. 316 00:15:37,221 --> 00:15:39,261 20, 25 years of experience. 317 00:15:39,261 --> 00:15:40,011 I always say. 318 00:15:40,731 --> 00:15:46,761 Then the hr, the front office, the business manager, the exercise director, 319 00:15:47,001 --> 00:15:52,791 the chef cooking the right meals, the product, and then prescription, the nurse, 320 00:15:53,061 --> 00:15:59,901 has to be all those things gel together as a team to provide the kind of care. 321 00:15:59,956 --> 00:16:03,406 We need to give, and the word travels. 322 00:16:03,436 --> 00:16:08,836 In assisted living, it's the reviews count and the word travels and you 323 00:16:08,836 --> 00:16:10,756 have to deliver the right product. 324 00:16:11,116 --> 00:16:13,006 Same thing is with hospitality. 325 00:16:13,366 --> 00:16:18,286 You cannot let lose a single tourist or traveler. 326 00:16:18,376 --> 00:16:21,111 A tourist, a client should not feel. 327 00:16:21,641 --> 00:16:25,781 That abandoned or not a big smile when they walk in and 328 00:16:25,971 --> 00:16:27,561 quick check-in and everything. 329 00:16:27,561 --> 00:16:33,501 And if they have a situation, solving the problem is so important in both of them. 330 00:16:33,741 --> 00:16:38,421 Both of them In senior living, it's 24 hours, of course, with the guest. 331 00:16:38,811 --> 00:16:41,721 Hospitality is also 24 hours. 332 00:16:41,721 --> 00:16:45,051 Literally, they could call at night and, and anytime. 333 00:16:45,091 --> 00:16:45,361 Yeah. 334 00:16:45,771 --> 00:16:50,231 Hi friends, this is Vinny Chopra from here in Danville, California, 335 00:16:50,531 --> 00:16:53,251 and you might be saying, Hey, Vinny, what are these over here? 336 00:16:53,481 --> 00:16:58,181 You know, I wrote this book a few years back, Apartment Syndication 337 00:16:58,181 --> 00:17:00,221 Made Easy, it became top seller. 338 00:17:00,421 --> 00:17:03,181 I came from India with 7 in my pocket. 339 00:17:03,381 --> 00:17:05,331 It says 500 million. 340 00:17:05,471 --> 00:17:08,301 It's going to be 1 billion very soon, very soon. 341 00:17:08,511 --> 00:17:11,201 I'm right at about 850, 900 million. 342 00:17:11,201 --> 00:17:13,771 It's And then I'm ready for the next billion. 343 00:17:13,851 --> 00:17:17,381 Actually, you will see that happening two billion in this book. 344 00:17:17,471 --> 00:17:20,791 Also, the other book I wrote, which has been a very big 345 00:17:20,981 --> 00:17:22,751 positivity has been my life. 346 00:17:23,091 --> 00:17:24,271 Always, always. 347 00:17:24,271 --> 00:17:26,931 I've been married 43 years with two children. 348 00:17:27,241 --> 00:17:29,381 And the beauty is to be positive. 349 00:17:29,421 --> 00:17:32,921 The mindset that can take you to all the places in the world. 350 00:17:33,181 --> 00:17:34,921 And that's the book that also. 351 00:17:35,271 --> 00:17:36,541 Became big, big seller. 352 00:17:36,721 --> 00:17:39,571 My third book, Senior Assisted Living is coming. 353 00:17:39,751 --> 00:17:44,231 So do yourself a favor, go ahead and click the link below to get free 354 00:17:44,231 --> 00:17:49,041 copies, audio copies of these books, even printed copies of these books. 355 00:17:49,261 --> 00:17:52,721 If you, I'm a print in means digital, if you can't afford it, 356 00:17:52,881 --> 00:17:56,971 but I would highly recommend for you to get these or go to amazon. 357 00:17:57,251 --> 00:17:57,661 com. 358 00:17:57,921 --> 00:17:59,041 Just go to Amazon. 359 00:17:59,281 --> 00:18:02,091 I got it in soft cover and hard cover. 360 00:18:02,786 --> 00:18:06,176 In Kindle, in audio, also the Spanish version of this. 361 00:18:06,236 --> 00:18:07,376 Oh, this book also. 362 00:18:07,646 --> 00:18:09,726 So let's crush it, guys. 363 00:18:10,036 --> 00:18:11,756 I know you can be successful. 364 00:18:11,756 --> 00:18:16,116 I know you can do the kind of things that you want to do in life and have 365 00:18:16,116 --> 00:18:21,486 the streams of income and know how to really, you know, educate yourself so 366 00:18:21,486 --> 00:18:26,996 that you could become a strong, strong force in this world in real estate. 367 00:18:27,166 --> 00:18:28,076 I know you can. 368 00:18:28,511 --> 00:18:29,721 So take that step. 369 00:18:29,861 --> 00:18:31,511 Don't just be on the sideline. 370 00:18:31,761 --> 00:18:33,141 Take charge of your life. 371 00:18:33,241 --> 00:18:34,781 Take charge of your education. 372 00:18:35,228 --> 00:18:38,518 So it's funny, I did a boots on the ground in Jackson, Mississippi last year. 373 00:18:38,518 --> 00:18:42,118 We had some mastermind members all fly in and we all stayed at different hotels. 374 00:18:42,478 --> 00:18:45,328 And when we got to dinner we asked each other, what do you think? 375 00:18:45,328 --> 00:18:46,828 Your hotel, what are the amenities? 376 00:18:46,828 --> 00:18:47,338 How's this. 377 00:18:47,343 --> 00:18:47,433 Yes. 378 00:18:47,703 --> 00:18:50,163 And it was very interesting going around the room. 379 00:18:50,163 --> 00:18:54,123 'cause we're actually seeing Hey, where am I gonna stay next time I'm in town? 380 00:18:54,483 --> 00:18:56,163 And we all stayed in the same location. 381 00:18:56,163 --> 00:18:57,603 All the hotels are side by side. 382 00:18:57,603 --> 00:18:58,323 All right there. 383 00:18:58,323 --> 00:18:58,533 Yep. 384 00:18:58,753 --> 00:18:59,983 Location was the same. 385 00:19:00,043 --> 00:19:02,893 So if all things were considered equal the question was, how did you, 386 00:19:03,013 --> 00:19:04,693 your experience, how was the room? 387 00:19:05,083 --> 00:19:05,683 What is it? 388 00:19:05,733 --> 00:19:08,043 Like we actually went and popped by and saw each other's rooms. 389 00:19:08,373 --> 00:19:08,493 Yes. 390 00:19:08,493 --> 00:19:11,103 Because it was we're out there often enough where it's I'd like to get. 391 00:19:11,438 --> 00:19:12,428 My bang for my buck. 392 00:19:12,508 --> 00:19:16,698 People do talk and if you're not giving a good experience it does have an impact. 393 00:19:17,268 --> 00:19:23,268 So this next one is align your offers with what people are willing to pay for. 394 00:19:24,618 --> 00:19:24,768 Oh, yeah. 395 00:19:24,768 --> 00:19:24,788 Oh yeah. 396 00:19:24,788 --> 00:19:27,258 How do you price what you're doing? 397 00:19:27,468 --> 00:19:29,468 Like when you have an offer or a product? 398 00:19:29,498 --> 00:19:30,848 Actually even with your deals, right? 399 00:19:30,848 --> 00:19:31,333 I know your deals. 400 00:19:31,568 --> 00:19:35,648 You don't let somebody in under, I think it's a hundred thousand dollars or 50,000. 401 00:19:35,738 --> 00:19:36,458 It's a hundred thousand. 402 00:19:36,923 --> 00:19:37,793 Hundred thousand. 403 00:19:37,973 --> 00:19:42,263 I started doing that 18 years back, and that has served me very 404 00:19:42,263 --> 00:19:47,253 well because I did miss some, investors who only wanted to put 50. 405 00:19:47,583 --> 00:19:53,403 They only wanted to try me out from many times I could tell because they 406 00:19:53,403 --> 00:19:57,513 could afford hundred, but they wanted to only give 50, so I just decided. 407 00:19:57,773 --> 00:20:02,963 I might as well just build my track record and let them come back with a hundred. 408 00:20:03,773 --> 00:20:05,063 So that helped a lot. 409 00:20:05,393 --> 00:20:11,333 Then I started doing tier investing, a hundred to 200 to 300 to 500. 410 00:20:11,603 --> 00:20:13,223 So each level. 411 00:20:14,008 --> 00:20:20,518 The investors LPs will get better returns, cash flow IRRs and things like that. 412 00:20:20,518 --> 00:20:21,508 That helped a lot. 413 00:20:21,838 --> 00:20:26,218 That opened up more wallets to go higher and so forth, and we are 414 00:20:26,218 --> 00:20:31,168 very proud that a lot of our top investors have 3 million, 2 million, 415 00:20:31,168 --> 00:20:33,568 5 million with us in different deals. 416 00:20:34,408 --> 00:20:37,438 You just mentioned something that I made a post the other day about the single 417 00:20:37,438 --> 00:20:41,428 family product itself, like the flips and the risks associated with them. 418 00:20:41,428 --> 00:20:44,848 And one of the problems with those is if you have a million or 419 00:20:44,848 --> 00:20:46,768 2 million you wanna move, yeah. 420 00:20:46,948 --> 00:20:49,948 You're gonna have to diversify that across a whole lot of properties, or you're 421 00:20:49,948 --> 00:20:52,528 gonna be in the luxury space, which is just gonna be the first to get a haircut. 422 00:20:52,558 --> 00:20:55,948 The luxury space, typically in single family that condos new builds are 423 00:20:55,948 --> 00:20:58,378 the worst ones for a time like this. 424 00:20:58,768 --> 00:21:01,318 So if you're moving large amounts of money, having. 425 00:21:02,053 --> 00:21:03,463 A bigger investment. 426 00:21:03,838 --> 00:21:05,698 Threshold is much more useful. 427 00:21:05,933 --> 00:21:09,148 Have you found that investors say okay, like I wanna be in, but 428 00:21:09,148 --> 00:21:10,198 I know you use Avestor, right? 429 00:21:10,198 --> 00:21:12,598 So you are able to diversify 'em across multiple different 430 00:21:12,598 --> 00:21:14,338 asset classes all in one portal? 431 00:21:14,878 --> 00:21:14,998 Yes. 432 00:21:15,268 --> 00:21:16,888 Do you find that they put 500 here? 433 00:21:16,888 --> 00:21:17,488 500 here? 434 00:21:17,488 --> 00:21:17,938 500 here. 435 00:21:17,938 --> 00:21:19,408 So they get set in senior. 436 00:21:19,408 --> 00:21:20,908 I'm in hotels, I'm in multifamily. 437 00:21:20,908 --> 00:21:21,448 I got this You. 438 00:21:21,448 --> 00:21:22,408 Nice little diversification. 439 00:21:23,043 --> 00:21:29,313 Diversification is the key actually, as indicators as fund managers, we need to 440 00:21:29,313 --> 00:21:34,923 specify that and share with them that, don't put all the money in one basket. 441 00:21:34,953 --> 00:21:36,123 I say that all the time. 442 00:21:36,393 --> 00:21:40,803 Some people have called me, they say, Vinny, I wanna put 500,000 in this one. 443 00:21:40,803 --> 00:21:41,643 I say, you know what? 444 00:21:41,643 --> 00:21:44,913 Let's split it in two and put here and there. 445 00:21:44,973 --> 00:21:47,193 When I was doing lots of syndications. 446 00:21:47,403 --> 00:21:52,023 Of course, now with the fund that I have $50 million fund. 447 00:21:52,448 --> 00:21:54,428 It's diversified already. 448 00:21:54,518 --> 00:21:55,898 Automatically diversified ally. 449 00:21:56,258 --> 00:21:56,738 Yeah. 450 00:21:56,948 --> 00:22:04,398 And then with this Alistair thing, they can choose which particular asset or 451 00:22:04,448 --> 00:22:07,318 product or property they can be part of. 452 00:22:07,708 --> 00:22:12,958 So they could be filling out the paperwork on one time PPM, but then the deal 453 00:22:12,958 --> 00:22:18,208 disclosure, and then they know who may, how many people are there in that deal. 454 00:22:19,698 --> 00:22:22,838 When the deal, brings the cash flow and the returns, it's 455 00:22:22,838 --> 00:22:25,638 divided amongst those LPs only. 456 00:22:25,728 --> 00:22:26,328 That's right. 457 00:22:26,378 --> 00:22:27,848 So each one is separate. 458 00:22:27,848 --> 00:22:28,388 You are right. 459 00:22:28,628 --> 00:22:31,378 That's a very good se segue, that's customer service. 460 00:22:31,438 --> 00:22:37,668 So leads us to focus on the joy and satisfaction of solving profit problems. 461 00:22:37,668 --> 00:22:39,768 Profits come as a result. 462 00:22:39,978 --> 00:22:40,128 Yeah. 463 00:22:40,383 --> 00:22:40,763 So not. 464 00:22:41,368 --> 00:22:43,138 All problems are profitable. 465 00:22:43,138 --> 00:22:45,823 So there's some problems in the world that you make no money for. 466 00:22:46,153 --> 00:22:50,023 What would you say are the problems that you have solved for people 467 00:22:50,023 --> 00:22:52,958 that have provided the greatest return for them and for yourself? 468 00:22:53,883 --> 00:22:58,183 If I may say that it just dawned on me there was a property I'll be on 469 00:22:58,403 --> 00:23:05,883 192 units, I think it was in Texas, and, we were able to give good 470 00:23:05,883 --> 00:23:08,973 returns, but to make it stronger. 471 00:23:09,513 --> 00:23:13,383 I just felt let me give my acquisition fee, which I had 472 00:23:13,383 --> 00:23:15,963 gotten five, six years back. 473 00:23:16,533 --> 00:23:22,773 I gave a portion half of it back added to the returns to give my investors 474 00:23:22,773 --> 00:23:26,133 better deal, and they appreciated that. 475 00:23:26,133 --> 00:23:30,913 See, because sometime we just lose touch with, the acquisition fee 476 00:23:30,913 --> 00:23:33,253 guarantee fee that we make upfront. 477 00:23:33,723 --> 00:23:37,113 It's up to us as syndicator fund managers. 478 00:23:37,788 --> 00:23:39,168 How much you wanna give back. 479 00:23:39,168 --> 00:23:42,068 I know I talked to my wife and I said, we have planned to give 480 00:23:42,068 --> 00:23:47,678 250,000 back to the investors in their returns, equity gains and all. 481 00:23:47,918 --> 00:23:50,888 And we agreed as a family, we are a boutique company. 482 00:23:51,248 --> 00:23:54,678 I did that, another one for another deal also. 483 00:23:54,978 --> 00:23:56,388 That was good thing to. 484 00:23:57,048 --> 00:24:02,358 Because once you find investors feel you, they see, I remember there was 485 00:24:02,358 --> 00:24:08,748 one time in Atlanta, I put my every dime into that loans and everything. 486 00:24:08,958 --> 00:24:13,968 Got an $8.5 million loan to throw back at Fannie Mae and that. 487 00:24:15,723 --> 00:24:21,093 When I shared that story in the investors meeting, some people sobbed 488 00:24:21,093 --> 00:24:26,773 and cried, we need, you did so much for us to save our money, investment. 489 00:24:26,773 --> 00:24:31,613 So those things, carry weight and people like that, they can feel that 490 00:24:31,613 --> 00:24:34,043 you are not just to make profits. 491 00:24:34,313 --> 00:24:36,233 Just like we are discussing this topic. 492 00:24:36,473 --> 00:24:40,343 It's not profit, it's the human, it's the humanity. 493 00:24:40,343 --> 00:24:41,663 It's the transparency. 494 00:24:41,843 --> 00:24:45,353 It's making sure that you are taking care of your investors. 495 00:24:46,103 --> 00:24:46,763 I like that. 496 00:24:46,823 --> 00:24:50,003 So focus on the joy and satisfaction of solving the problems. 497 00:24:50,063 --> 00:24:50,183 Yeah. 498 00:24:50,183 --> 00:24:51,413 The profits come later on. 499 00:24:51,413 --> 00:24:54,233 Obviously when you take care of investors, they roll again. 500 00:24:54,533 --> 00:24:54,773 Yeah. 501 00:24:54,833 --> 00:24:58,198 And that's a, I think it's being missed in this market. 502 00:24:58,198 --> 00:25:02,398 I think people are not all operators, I think, but there are a handful that are. 503 00:25:02,773 --> 00:25:07,483 Not putting in the final effort, that final push, that bleeding or sweating 504 00:25:07,483 --> 00:25:08,713 a little bit more for the deal. 505 00:25:08,748 --> 00:25:11,198 What would you say to somebody who is on the edge? 506 00:25:11,198 --> 00:25:14,348 They think they can't pay their investors and they really need to 507 00:25:14,348 --> 00:25:18,788 hear a message from you that says, stay in there, it's gonna get better. 508 00:25:18,938 --> 00:25:20,888 It's not about this deal, it's about the next deal. 509 00:25:20,888 --> 00:25:23,668 What kind of, advice would you give to the market right now for 510 00:25:23,668 --> 00:25:25,078 those operators who are struggling? 511 00:25:25,718 --> 00:25:29,708 Definitely please go back to the lending institution. 512 00:25:30,008 --> 00:25:34,238 It's always boils down to the debt equities there of 513 00:25:34,238 --> 00:25:36,188 the LPs, limited partners. 514 00:25:36,428 --> 00:25:42,668 You want to protect that equity and maybe shave off a little bit, but you gotta be 515 00:25:42,668 --> 00:25:45,708 talking and looking at every avenue how. 516 00:25:46,608 --> 00:25:50,838 You could do, like we did one property in Houston, tax abatement 517 00:25:51,078 --> 00:25:55,368 with the City of Houston, $895,000. 518 00:25:55,788 --> 00:25:57,078 We shaving off. 519 00:25:57,108 --> 00:26:00,528 We don't have to pay that for so many years or something. 520 00:26:00,528 --> 00:26:02,958 Then we pay at the end, something like that. 521 00:26:03,108 --> 00:26:08,658 So what that means is figuring out ways to adjust. 522 00:26:08,908 --> 00:26:15,338 Maybe the interest rates can be deferred somewhat if it's principal and interest. 523 00:26:15,338 --> 00:26:18,608 Maybe the lender lenders don't want the property. 524 00:26:19,008 --> 00:26:23,448 They don't know how to manage and they have so much other stuff going on. 525 00:26:23,658 --> 00:26:30,168 So you got to look at every single avenue to safeguard the investors' money. 526 00:26:32,268 --> 00:26:33,138 I like him, Benny. 527 00:26:33,318 --> 00:26:34,128 Yeah. 528 00:26:35,503 --> 00:26:40,873 The more you serve effectively, the more your reputation and opportunities grow. 529 00:26:41,203 --> 00:26:44,473 So as a reminder to anybody who's thinking, oh, I'm just gonna file a 530 00:26:44,473 --> 00:26:47,473 chapter seven, or I'm gonna close my account, or I'm just not gonna take care 531 00:26:47,473 --> 00:26:52,933 of these guys, all you need to do is win this one more time and as a good chance 532 00:26:52,933 --> 00:26:55,003 that you'll keep the game going, right? 533 00:26:55,063 --> 00:26:57,493 The people who I've seen fail in this business are the ones 534 00:26:57,493 --> 00:26:58,543 who get out of the business. 535 00:26:59,008 --> 00:27:01,618 But if you could survive this deal, if you can go get another deal ahead of it, 536 00:27:01,618 --> 00:27:02,908 that's bigger, that pays for this one. 537 00:27:02,908 --> 00:27:05,908 If you could stay in the game longer, there's a lot of success to be made 538 00:27:05,908 --> 00:27:08,968 right now, even though it seems like, okay, you set things bad. 539 00:27:10,663 --> 00:27:14,173 We're getting the best deals of our life, of our career because a 540 00:27:14,173 --> 00:27:15,613 lot of other operators are failing. 541 00:27:15,613 --> 00:27:19,063 So maybe you fail for the same reasons as them, but now you can get back 542 00:27:19,063 --> 00:27:22,803 into the game under the premise of taking over some of these deals. 543 00:27:23,313 --> 00:27:25,833 I see more opportunity right now in this market, Vinny, than 544 00:27:25,833 --> 00:27:27,003 I've ever seen in my career. 545 00:27:27,003 --> 00:27:29,733 And I said this back in 2008 when I was missing all the opportunities. 546 00:27:29,733 --> 00:27:33,543 I said, man, like when it happens again, I will be there. 547 00:27:33,768 --> 00:27:35,238 December, is it right? 548 00:27:35,238 --> 00:27:35,688 December. 549 00:27:35,688 --> 00:27:40,188 These notes are coming due right now is where investors are contacting us and 550 00:27:40,188 --> 00:27:41,448 saying, Hey, can you take this over? 551 00:27:41,448 --> 00:27:42,048 Can you take this over? 552 00:27:42,048 --> 00:27:42,708 Can you refi out? 553 00:27:42,708 --> 00:27:44,298 I can't refi, I don't want this property anymore. 554 00:27:44,298 --> 00:27:46,338 Can you just take this off my plate? 555 00:27:46,878 --> 00:27:50,208 It's an amazing time to solve problems for people and getting rich doing it. 556 00:27:50,808 --> 00:27:52,188 This is Abundance Thursdays. 557 00:27:52,188 --> 00:27:58,218 We do it every Thursday at 9:00 AM Pacific Standard Time, 12:00 PM Eastern Standard. 558 00:27:58,488 --> 00:28:01,638 We've got the summit coming up October 23rd to the 27th. 559 00:28:01,878 --> 00:28:06,468 Vinny will be there on Thursday night and Friday all day. 560 00:28:06,928 --> 00:28:07,018 Yep. 561 00:28:07,168 --> 00:28:07,368 Yep. 562 00:28:07,373 --> 00:28:10,138 We've got a wonderful talk on positivity, staying in it, and then 563 00:28:10,138 --> 00:28:15,088 we've got a panel for operators who have operated over 5,000 units and 564 00:28:15,088 --> 00:28:16,258 Vinny will be there with Eric Bow. 565 00:28:16,258 --> 00:28:19,588 We're gonna have a little conversation around what operations looks like today, 566 00:28:19,588 --> 00:28:21,388 how you can stay ahead of the curve. 567 00:28:21,988 --> 00:28:23,848 And if you haven't got your ticket already, go to summit 568 00:28:23,848 --> 00:28:25,198 dot alchemist station.com. 569 00:28:25,198 --> 00:28:25,738 Register. 570 00:28:25,948 --> 00:28:29,698 It is in Orlando, Florida, so great excuse to get down to some warm weather. 571 00:28:30,128 --> 00:28:32,498 Vinny, before we jump off, if somebody wants to find out more 572 00:28:32,498 --> 00:28:34,608 about you and get in touch with you, what is the easiest way to get. 573 00:28:35,123 --> 00:28:38,303 More information about Vinny Chopra, go to vin chopra.com. 574 00:28:38,723 --> 00:28:39,803 Oh, thank you so much. 575 00:28:39,803 --> 00:28:42,903 vinneychopra.com/invest 576 00:28:42,923 --> 00:28:46,683 If you would like to be in our premier mailing list for the 577 00:28:46,683 --> 00:28:52,723 opportunities current and future, and then vinneychopra.com/freebenefits. 578 00:28:53,043 --> 00:28:54,453 So that's a good site. 579 00:28:54,483 --> 00:28:57,003 Free benefits, which is on my books. 580 00:28:57,003 --> 00:29:00,843 Also, you can get my all three books, digital copies. 581 00:29:01,143 --> 00:29:01,288 You could. 582 00:29:02,098 --> 00:29:06,508 Read them on your iPad phone, and actually, I just found out, you 583 00:29:06,508 --> 00:29:10,348 can even listen to, oh no digital, as well as audio copies too. 584 00:29:10,588 --> 00:29:11,698 You can download them. 585 00:29:12,028 --> 00:29:15,208 And my fourth book is almost ready on hospitality. 586 00:29:15,538 --> 00:29:20,458 I've been in hospitality for about seven years now and learned a lot, so I 587 00:29:20,488 --> 00:29:22,528 just felt let's just put one together. 588 00:29:22,858 --> 00:29:24,988 Hospitality investing made easy. 589 00:29:25,258 --> 00:29:26,788 Should be launching pretty soon. 590 00:29:27,773 --> 00:29:30,143 When you say Pretty soon, is this the 2025 deal? 591 00:29:30,143 --> 00:29:30,233 Yes. 592 00:29:30,533 --> 00:29:30,953 25. Take it. 593 00:29:30,953 --> 00:29:32,153 20. 26. 594 00:29:32,813 --> 00:29:33,653 25. 25, brother. 595 00:29:34,013 --> 00:29:34,853 Within a month. 596 00:29:34,913 --> 00:29:35,693 Within a month. 597 00:29:36,413 --> 00:29:36,893 Excellent. 598 00:29:36,893 --> 00:29:39,473 So next week is our final principle for the summit. 599 00:29:39,473 --> 00:29:40,583 Cheers to your success. 600 00:29:40,583 --> 00:29:42,563 When you have a choice, always work with the best. 601 00:29:42,923 --> 00:29:43,703 Happy Abundance Thursday. 602 00:29:43,703 --> 00:29:44,333 See you on the next one. 603 00:29:44,963 --> 00:29:45,443 See you next 604 00:29:45,443 --> 00:29:46,043 week. 605 00:29:46,406 --> 00:29:48,656 Dear friends, this is Winnie Smile Chopra. 606 00:29:48,836 --> 00:29:51,776 I am so glad you're listening to the episode. 607 00:29:51,776 --> 00:29:52,796 Thanks so much. 608 00:29:52,796 --> 00:29:53,636 Really appreciate that. 609 00:29:53,636 --> 00:29:56,606 Please share it with others who can really benefit also. 610 00:29:57,206 --> 00:29:58,436 Can I ask you a favor? 611 00:29:58,526 --> 00:30:01,286 Just a small favor, less than a minute. 612 00:30:01,286 --> 00:30:06,206 If you could give five star reviews on iTune or Stitcher, that'll go a long way. 613 00:30:06,206 --> 00:30:10,046 We have one of the top podcasts in real estate now in the nation, but 614 00:30:10,046 --> 00:30:14,546 it'll really help a lot if you gave five star reviews and we'll bring 615 00:30:14,546 --> 00:30:16,406 lot more great content for you. 616 00:30:16,586 --> 00:30:17,606 Thank you so much. 617 00:30:17,876 --> 00:30:20,336 Appreciate that and see you in the next episode. 618 00:30:20,456 --> 00:30:21,176 God bless you. 619 00:30:21,416 --> 00:30:21,896 Bye-bye. 620 00:31:33,771 --> 00:31:34,361 Hey there! 621 00:31:34,581 --> 00:31:37,541 The upcoming episode is scheduled for Thursday. 622 00:31:37,591 --> 00:31:41,181 We appreciate your viewership of The Abundance Mindset Show. 623 00:31:41,281 --> 00:31:46,761 Tune in every Thursday at 9am Pacific Standard Time or 12pm Eastern on 624 00:31:46,761 --> 00:31:52,131 various social media platforms hosted by Vinny Chhabra and Gualter Amarello. 625 00:31:52,281 --> 00:31:57,261 Don't forget to subscribe, share your comments, and leave a 5 star review. 626 00:31:57,481 --> 00:31:58,861 Thank you for your support!