May 31, 2025 • 33 mins
No business scales without a strong team. Vinney shares his powerful system of “tweak, delete, and add” to continuously refine teams, systems, and strategies. Gualter adds wisdom on hiring with vision and creating cultures of accountability.
🤝 This is your roadmap to team synergy. Whether you’re hiring your first VA or running a 50-person firm, this episode is your secret weapon for growth.
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👉 https://linktr.ee/VinneySmileChopra
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
The thing is, successcomes after failures.
(00:03):
Sometime you could hit success rightaway, but as a entrepreneur, as
the CEO of the business, we need tobe tweaking, deleting, and adding,
tweaking, deleting, and adding.
Why do I say that?
Because the thing is, all theactivities don't bring the same results.
Not all the activities are the rightactivities to start with because we
(00:29):
are trying to perfect the system.
Hey friends, this is Winnie Chopra.
Thank you for liking the episodes thatwe bring the guests in our podcast.
Please do go to winnie chopra.com andfree slash free benefits so that you
could get a lot of good things, goodies,all that, and also please follow.
(00:49):
Walter and I do a show Abundance Mindseton Thursday Morning Live, which is
on 9:00 AM Pacific, and also Nie andBo Show, which we also go live, uh,
on set on Friday at 9:00 AM Pacific.
See you on the other episode.
Take care.
Enjoy this show.
(01:09):
Welcome back to Abundance Thursdays.
Myself, Walter More and the greatVinny Smile Chopra has built
over $1.6 billion of real estateinvestments under management.
Vinny, welcome back, brother.
Thank you brother.
This is LP and gps.
I do want to qualify that wecrossed 1 billion in the A UM.
Which is assets under management,but then the elk fees, I'm into lots
(01:34):
of real estate, lots of differentthings, lot of startups, all that.
1.6 might be around that number.
Hey, thank you, brother.
We look forward to it.
Anybody watching us or listening to us?
I hope you follow us and also discussquestions and really share this episode
with other people who can get help too.
(01:56):
Again, we just have fun.
I walk in the morning, Thursday morning,9:00 AM Pacific, and we go live.
Brother Walter, howare you today, brother?
I'm very good, Vinny.
So today's wealth principleis pr, uh, well, principle 20.
It is applying the 10 Xrule to your planning.
And although a lot of times we gointo this principle and like you just.
Teach exactly how it works.
(02:17):
I want to go a little bit differentbecause I'm in nut Tenix planning phase
of Al Optimist Nation, and right now wehave 30 live events that are running.
They're running pretty good.
Vinny, I think they could run better.
I think I'm, I'm missingsome sponsorships.
I think I could have them running muchbetter, but I wanna go from 30 to 300 and.
That is a, a realistic goal.
I know it is possible 'causethere's 300 cities with over
(02:37):
a hundred thousand population.
So I want to go through themindset of how do I leverage
this and actually make it work.
Before we dive into that, what is,what does it mean to 10 x to you?
What does that actually mean?
What does that mindset like,why is it so important?
I, I love it.
I love it.
I love it, brother Ken.
20 x hundred x, but as GrantCardone, a great person.
I got a selfie with him one day overthere in, when I was in JA, in Texas,
(03:02):
I think you're at a hotel in Florida.
Anyway, he invented the term 10 XI think.
But the key thing about 10 x is how canyou really get passionate about something,
about some results, about what you want toaccomplish, what you are doing right now.
30 are doing good.
(03:24):
You, you've got to make it 10 x to 300.
Lemme say, when we build tribes,when we build communities, we gotta
look at who are the avatar, who willbe the people who will be joining?
First of all, who do wewant more of in that tribe?
(03:46):
Secondly, what are.
It's hard to really satisfy everybody'sneeds, but majority 70% of that
tribe, what are they be looking for?
What will be the benefits to themto join that tribe or that group
or what you're trying to do?
(04:08):
The other part is how can theybenefit with the networking?
How can you, as the sponsor ororganizer, how are you going to
be benefiting and helping them?
Again, if we help more people, weget many fold back like Zig Ziglar
(04:29):
says, right as you help, what is that?
Oh my gosh.
Helping other people.
You, if you help enough people whatthey want, you get what you want.
That's what I was trying to get to.
I think in short.
It's really focusing what the benefits areto the tribe members and also to you and
(04:51):
how to organize better with authoritative.
Uh, because see, peopleare looking for leaders.
They become leaders.
The followers become leaders in duecourse of time, but you cannot just
give it to them in a leadershipposition unless they're ready.
(05:12):
That makes a lot of sense to me.
So you would suggest, so firstI know that the value is right.
We have real estate investorswho come to our event.
We have business professionalscome to our events and they're
looking to increase their income.
A lot of them are in looking toget passive income and uh, most of
people just want to be able to retireone day that's really, they wanna
quit their job or, or be able to dosomething that they actually enjoy.
(05:33):
Uh, so we know that's their desire.
And then what we deliver is the networkof other people who they can work with.
So that's.
Obviously a simple valueAt the deeper level.
We've got the Millionaire PathReport, which we give away for
free, so that's free value.
And then we have the fifth two Weeks ofwealth, which is the wealth principles.
We have Abundance Thursdays,which is another training.
Yep.
And, and value for them.
(05:54):
And then they have the local teams.
So the local teams are people who actuallyare real estate investor professionals.
So like the realtor, the mortgage broker,the attorney, the lender, the, the
deal finder, the uh, property manager.
Like all of those local folks arewho they need to get the job done.
So I know we have the value ofthe challenge we're having now.
Vinny like, to be perfectly honest withyou, if I can be vulnerable is Yeah.
Yeah.
Building out those teams is a lot of work.
(06:16):
First, we need the leader, like yousaid, we need a leader who can then
empower those sponsors of thosetrusted team members who can then,
you know, serve the community.
So we've done a decent job puttingcoaches in place, like leaders in place,
but then mm-hmm building that team out.
It takes time.
It just takes, like talkingto people and getting them.
So we were hiring a sales teamto have those conversations.
(06:37):
But that far is hard.
Vinny, we're a hard time scaling.
It's, but then I'm just thinking aboutwhat would be some real, some, uh, I'm
just trying to see the media, right.
So social.
Be social, sorry.
Social media is huge inbringing the people together.
(07:00):
Teams together.
I've seen, I've known some productsthat are selling very fast every week
because of the tribe they have built.
So I think maybe, are we usingInstagram for example, to build
these 300 communities we shoulduse without even advertising.
(07:22):
Some platforms.
Could be Facebook, could beYouTube, could be Instagram.
I think Instagram is easy one,which can really search in different
cities, and then they become membersand we give them free whatever, and
then build the community that way.
I'm just thinking out loud.
The other thing came to my mind wasall these communities have, LinkedIn
(07:46):
has changed its whole picture now.
It's not a recruitment tool.
It's a entrepreneurship tool.
It's to talk who I am.
LinkedIn has to be a strong one.
So through sales navigation, I'mthinking to really penetrate that area.
You could segment all these,uh, in the 300 different cities.
(08:09):
It's 30 right now, but evenperfecting thirties, so that you
find that solution, that blueprint.
Which can be then implemented all over theplace rather than starting 60 and in 90.
I think if 30, we could perfect thatsystem through Instagram and LinkedIn.
(08:31):
I think those are the two come tomy mind and to really softly bring
entrepreneurs, homeowners, and allthe CEOs and the others into it.
Wow.
Vinny, you just said something that cameup in one of our marketing meetings, and
I am realizing those guys were right.
So sales navigator on the LinkedInside, it allows us to target
specific entrepreneurs so we canbuild our teams a lot faster.
(08:54):
I could find coaches, I could findrealtors, mortgage brokers, attorneys.
Now it's a matter of bringing in thesales team who can do that, because
that's a lot of conversations, right?
It's, I talked to 10 mortgage brokers.
One of them is gonna understandabundance, moral, ethical, legal
investing, real estate investing.
Yes.
Okay.
So let's say there's 12professionals and now I've gotta
talk to 120 in a city that's gonnatake a sales team to get there.
(09:18):
So that's, this is, I'mwith you a hundred percent.
And I like LinkedIn a lot.
I now, I'm listening to you.
I'm thinking, okay, that's.
10 x that is huge.
It's a lot of conversations.
10 events.
It's 1,200 people, a hundred events.
That's 12,000 people that we have totalk to and to get to the 300 event
that's now 36,000 people that we haveto have a conversation with, which
(09:40):
means Walter can't do it by himself.
So no, definitely not.
And that's where itcomes to really training.
They're not salespeople.
They are actually partners.
In your business and our business so thatwe could really give them not a sales.
I, I don't like the salescalling out centers or anything.
(10:04):
I think we should call them marketing.
Marketing, maybe even partners,marketing partners, different names.
But then you and I and other people inyour team need to train them, right?
We need the best of the best scripts.
Best of the best short messages.
(10:26):
Best of the best, not justone message, but 1, 2, 3, 4.
Because see, not everybodyresponds from the first message.
Say that again.
Not everybody respondsto the first message.
It's true.
No, no.
(10:46):
We got so much going onin our life, brother.
I read somewhere.
You have to send the same emailseven times to get noticed.
I don't know what the numberis now, but same thing is
through messaging on LinkedIn.
It's become, so, what's the word now?
(11:07):
People don't give it the samecredence as they used to.
Because they always feel, and Ifeel myself, by the way, when other
people, they say, please connect,and then they send the message.
It's a copy pasted message whenI know what is there to sell.
Hold on.
Right?
It's all generic, so we need to, ah,it's generic, but we need to just try to
(11:30):
tune the message nicely and, and so on.
And also soft paddle, but then givewhy they should join the tribe.
That's good.
I am taking notes as we go.
And I realize just now, I came upwith a math of 3,600 conversations
need to be, had, uh, 36,000conversations need to be had.
And I realized if I have to reach out tothem 10 times, like if there's 10 follow
(11:54):
ups, that's 360,000 follow up mm-hmm.
At that, I'm now reverse engineeringand saying that's in, that's like a
lot of people to accomplish this goal.
So it can't be done in a month.
Right.
So it.
I don't know.
The 10 x rule says that you think, no, no.
Massive action.
Right?
So well, massive action from where we are.
(12:15):
I think if we really have that goal inmind and be passionate about it, it's
just that we could blow lots of context.
We will never reallygive any credits to it.
But to have the message and training thesemarketing partners, I call it, I love it.
Marketing partners.
I love that term.
(12:36):
I love that term.
I'm gonna say that again and againand in my team too, because they are
partners and there is incentive builtin it, and it's their livelihood.
Every team member, we, as the CEOsof those companies, we have very big
obligation, obligation to train them.
(12:56):
To show them the path and then give themall the tools so that they can be winners.
So valuable.
Vinny, I, we, we've talking to, I'mgonna call 'em relationship managers
or what, what do we call 'em?
Uh, marketing managers.
Marketing, marketing partners.
Hold on.
Okay.
Okay.
So marketing partners.
So I've been talking to mymarketing partners and mm-hmm.
Training them to ha to send out 40messages on LinkedIn, 40 messages
(13:19):
on Instagram, 40 messages in text.
Like anybody who's come toour events before, it's like
we just message them too.
So.
If I started to, sothat's 120 a day, right?
That's 120 a day.
Times 10 is 1200 in a day.
If I had 10 people operating, soover 10 days, that'd be 12,000
that we could, uh, send out.
(13:41):
That is still gonna take,I need more than 10 people.
Is is what I'm coming up with.
God.
Hold on.
I gotta leverage leveraging, yes, brother.
The thing is, when you sendmessages, how long does it take
for a person to send messages?
(14:02):
I know some rot ofcollar or whatever it is.
Call centers.
They have one persontalk to 100 people a day.
Talk to, alright, talk two.
You need to look at a systemin the go high level where
we could send mass texting.
(14:23):
And then I don't.
So through sales navigation too,I'm sure there are ways I never
take no for an answer by the way.
I just say, okay, if I wanted 10 x, 20x, a hundred x, how can I automate it?
You are the same way too.
I know you.
So the big thing, we needto go that high to find out.
(14:43):
We got the good message.
We do.
We really have the good message.
We don't need one message.
We need 5, 6, 7 messages.
Quick little bit saying the same thingso that we can get noticed, right?
See, repetition is the must because we gotto have a good KPI, we gotta close better.
(15:05):
How do we close betterwhen we follow through?
Follow up, follow through themind, follow through like that.
It's like a system.
I don't know.
In my mind, as you're asking mequestions, it's coming to my mind.
How I would approach will be to set agood strategy where we have the messages
and ask Jet GPT and robots and all that.
(15:30):
Is that the right thing?
What's the short way?
Short message in texting.
Short message in Jane.
Uh, short message.
In all the avenues,people don't have time.
People don't have time, so weneed to give benefits to that.
I love this.
I, I wrote it down, so Idid the math really quick.
360,000 texts would be a thousand textsa day, and that is sustainable if 10
(15:56):
people are messaging 100 people a day.
Sure.
Or if an automation sure is runninga thousand and then booking calls
at a 10% conversion, that'd be ahundred calls split across 10 people.
It's.
10 calls a day.
Very easy.
And you, the biggest thing I wouldlike to say is that, is there a
way to even do it automatically?
(16:19):
Wow.
I bet through Go highlevel if we LinkedIn.
See, I, if I was you, I'dlike to Google or YouTube.
How can I use go highlevel with, uh, LinkedIn.
Oh, I love it.
You know?
It just comes to my mind right away.
And Instagram, how can go high levelhelp me, and I'm sure in the forum on
(16:45):
Facebook or whatever, ask that question,somebody's done it, there is some, a
plug or whatever so that it can be done.
If it's not done, why not?
You know what I do know?
I do know that it is possible.
So I know I've, I've spent a lotof time at GHL, so I know that.
Yes, you can integrate LinkedIn,you can integrate Facebook, you
(17:07):
can integrate Instagram messaging.
I've done it before.
You can integrate WhatsAppmessaging, so I've got that.
And Alchemist Connect hasall that wired up already.
So it's just a matter of, the onlychallenge with those is you can't send
first contact, so somebody would haveto send first contact, but it can't,
all the automatic responses can be done.
We now, so we've recently integratedwith chat bt so the responses Yep.
(17:28):
Can be, feels like you'retalking to a person.
Mm-hmm.
And it has a command that leadsit towards a call to action.
Three or four messages in, it'lllead it to a call to action.
I can implement that.
I didn't think of it until you said it.
Yeah.
No.
Let me ask you a questionon LinkedIn also.
You are probably going togo to people in your teams.
(17:49):
Yep.
Their LinkedIns, and then you have tofind the first context second and so on.
Right.
And maybe even have a great messagefor the second and third context
to get you to the first level.
Right, right, right.
The other part is to reallyfind out LinkedIn profiles.
And the quality of people you want toattract in your tribe, in each city.
(18:14):
So by going to, howwould you determine that?
Right?
There will be thousandsof people in that city.
So maybe even take one citywhere you are right there in
Tampa and perfect the system.
Who should be the rightpeople to join the tribe?
(18:36):
Where we can give themaximum benefit to them.
I love this so that we have, so thatwe know for sure, we've got Tampa
at eight team members now, so we'rejust missing a couple of people,
but we know for sure what we'reoperating very smoothly with this.
Mm-hmm.
Mm-hmm.
And you're right, it's taking this nowand scaling it to the other groups.
I, I love that.
(18:57):
So.
I'm gonna, I'm gonna moveforward with the next steps.
We just talked about leverage as we fail.
How do I embrace failure?
Vinny, as I inevitably make mistakes alongthis process, everybody makes mistakes.
If we don't mistakes, thenwe are wrong somewhere.
The thing is, successcomes after failures.
(19:19):
Sometime you could hit success rightaway, but as a entrepreneur, as the CEO
of the business, we need to be tweaking.
Deleting and adding, tweaking,deleting, and adding.
Why do I say that?
Because the thing is, all theactivities don't bring the same results.
Not all the activities are the rightactivities to start with because we
(19:45):
are trying to perfect the system.
Wow.
That's.
Yeah.
And I won't know whichactivities are right until I've
gone and made some failures.
Made some experiments.
Yes.
And then come back, talkto you, talk to Brian.
Made some iteration changes.
All right, so we talked about leverage.
Uh, so that was step fivethat you had sent me.
So we talked about leverage already.
(20:06):
Uh, leveraging technology isreally what you, uh, hammered on.
And.
So cultivating anenvironment, step six to this.
So how do I leverage cultivatingthe right environment to scale up
and hit this target of 300 impactfullocations across the country?
Building millionaires?
What suggestions do you have to, toimplement just like daily activities?
For me, for the the team, the marketingpartners, I think the biggest thing
(20:30):
would be, I would say recruiting.
Do we have the right people in place?
I always say that hiring the wrong person.
Can really delay the whole process.
So we need to really find theright partners who have done it,
who are passionate about it, whowill like the remuneration or
(20:52):
the pay that you will be giving.
Then first is hiring.
Second is training them.
Training, looking at whatthey're saying, watching.
Helping them to really perfecttheir system, how they sound, all
those things right on the telephone.
Of course, they're messaging, uh, ifyou give the messaging and they're
(21:13):
duplicating them with puttingsome personalization into it.
I'm thinking if we send a message,we say, uh, I've been watching
you, your, your, your successes onLinkedIn and congratulations for
this and that, see those personalmessages will go a long way.
This is good.
(21:34):
So creating environments.
This is, you wrote down these notes oflike surrounding yourself with like-minded
people, inspirational mentors, conducivespaces that fuel the ambition and drive.
I love what you just said becauseit ties it into something.
I can actually implement this.
It really is just aboutbringing in the right people.
Like at the end of the day, would you say?
Yeah.
Yes, yes.
(21:55):
Is bringing the right people.
And that is, and then providethem with the tools, right?
Make the script, the tools, the system.
You got it.
You got it, brother.
It's all the raw material.
It's the hiding.
If the wrong hide is done and youkept on teaching that person, and
when finding them to not bringthe results, it's our fault.
(22:18):
It's our fault.
We the right ownership onhiring the right people.
Take time to really find theright people and then take
them through the whole process.
Interview them two times, three times.
Make sure that we are using Tracker.
(22:39):
I hope you're using, if they'reinternational assistance, screen
share monitor another one.
Top Tracker is another oneI'm using now because you got
to make sure they're honest.
See, many times.
Even in USA and abroad, everywhere inany country, people are, especially
(23:00):
freelancers, uh, I, I shouldn'tsay that, all of them, but some
are not that honest and they'reable to do this job and that job.
But if you are not able to trackand then they're based, based
on like this top tracker has abeautiful place where you go.
(23:21):
Track their time, and at the end ofthe week how many, even in minutes, it
shows up and then it takes, I think,the images of their screen because
everything is done on their laptop, right?
Or computers like that.
So it takes pictures of it.
So I hope anybody watching us, bythe way, and if you think that your
(23:42):
international assistance are not up topar or you don't have way to really track.
Honesty is the best policy.
I give my national assistancebonuses, KPI, benefits all those
things and meet them every week.
Sometime even my other partnerwas meeting three times a week.
(24:03):
He was getting so much done.
From high contact, treating themlike, uh, an actual sales team.
And by, by the way, Vinny says hisinternational partners, what he's
referring to are his virtual assistants.
So assistants?
Yes.
Yes.
Yeah.
I have to translate Vinny sometimes.
So
I would say.
(24:23):
International virtual assistant.
Sorry.
Sorry.
No, I love it because it's yourtrue mindset and I You do see, yeah,
your virtual assistants as yourinternational partners, and I think
that's the way you communicate reallydictates how you feel about a person.
So it's very powerful show at.
No, really, because see, we wanna takecare of everybody in our organization
(24:45):
so that they're happy, contented,they're passionate, they're burning
desire, they get up for hours, they'reworking in Philippines or Ethiopia
or, uh, you know, uh, Romania.
You know, you want them toseem special and you want them
to ate for their good job.
And of course, and then teachand make sure that they're,
(25:06):
and I use Asana, A-S-A-N-A.
Yep.
I love it.
I love it.
I'm sure you use that too.
Nothing is going throughthe slips at all cracks.
Nothing.
Nothing.
So I would highly recommendeverybody to use Asana, Asana.
I like that.
I like the idea.
So for anybody who's listening about andnot sure what we're talking about, we're
(25:29):
talking about hiring the right people.
We're talking about scaling up, going from10 x, like how do you grow your company?
Uh, I've been very selfishin today's, uh, show.
I've been asking Vinny, how dowe do this with Alchemist Nation?
Very specifically saying, howdo we get to 300 locations?
We're at 30 locations, buildinga hundred millionaires each.
How do we get to 300 locations?
And we just talked about.
The importance of hiring the right people.
(25:50):
And then we shifted over to, uh, virtualassistant international partners and, and
making sure that you're tracking them.
So it's trust but verify, bringon good people, but also track and
ensure, hold 'em to a standard.
This final lesson is sevenof the 10 X rule of applying.
The 10 x rule is celebratingprogress and milestones.
So we talked about that little before.
(26:13):
I love these.
Team.
I don't know how much my wifepaid or whatever the thing is,
you've got to reward yourself.
Why do we work so hard?
Why we are getting up in the morningand be passionate all day long.
17 hours or 18 hours or 10 hours.
So nine hours.
(26:34):
All entrepreneurs work very hard.
I'm sure you do, and Darina does.
Walter, the key thing is youneed to pat yourself on the back.
You really material things are, a lot ofpeople don't like them and some like them
and whatever, but the thing is you'vegotta patch yourself, reward yourself for
(26:55):
the job well done, because then it excitesyou to really do even more of that.
And then 10 x and 20 x and ahundred x, it'll be in your reach.
This is, this has probably been myfavorite show, podcast with you.
I think, uh, I've got a lot out of it.
So for everybody who'slistening right now, uh, Vinny
has 10 x his goals for years.
(27:16):
Every year he's, he's looking atsomething bigger, and right now he's
seeing a huge problem in the marketplace.
There there are great syndicators, reallyquality, really talented syndicators
who've made, uh, some really good dealshappen, but now they've gotten themselves
into a situation where the market.
Interest rates have increased, orexpenses have just shot through the roof.
Insurance has shot through the roof,and now they're doing capital calls.
They need additional capital.
(27:37):
Uh, these are great investorswith great deals, great projects,
and they're in a market that hasjust thrown a curve ball at them.
And instead of going back to theirinvestors, you know, who may be struggling
and having different challenges,uh, and asking them for money, what
Vinny's done is created a fund.
It's called the OpportunityFund, and this is a 5 0 6.
This is a C, CCC, right?
(27:58):
Yeah.
So we can talk about it on the deal,on the show, which is really cool.
'cause very few people who talk abouttheir deals on shows like this actually
can, they don't have them set up properlyand they get in trouble and get sued
by the S sec c uh, Vinny set this upproperly so he can actually, and he's
doing it for you so he can actuallytalk about his deal on these podcasts.
'cause I think it's, he agrees it'simportant for people to learn how passive
(28:18):
investing works and how syndication works.
So, Vinny, can you, uh,tell us how far along.
How many deals are you currently lookingat right now with the opportunity fund?
Wow.
If you have it off the top ofyour head, we have nine deals.
Nine deals on the table, brother.
And what it's is, it's an opportunisticfund, income fund, will be giving the
money 1 million, 2 million, 4 million,10 million, and only to the operators.
(28:42):
I wanna qualify that.
If you can reach out to me, DM me,or reach out to me, and that is for,
you have to have half a billion.
In your portfolio to 5 billion orwhatever, but mini is half a billion.
They need to be nice assets,which are performing correctly.
You just need this money as a mezzanine,as rate lock or some CapEx, or you
(29:07):
are doing refinancing or you did x uhcall and you should have a good DCR
debt coverage ratio and everything.
And that's why and peoplecan invest with me.
With only 50,000 or a hundred I manyfew people, I allow 50,000, but a
hundred thousand is minimum five or sixfor a C for accredited investors only,
(29:30):
and we are giving huge, really nicereturns and paying our dividends or
distributions from day one as people.
Why is their money.
We start accruing there andwe'll be given out in July, I
think our first distributions.
So it's a beautiful fund.
Your money will be puttinginto 18 to 22 assets.
(29:52):
It's diversified.
It's fully protected withthe SEC ruling and all that.
Yeah.
This is probably the coolestfund you've ever done.
Is that fair to say?
Vinny?
We did.
You've got a lot of cool stuff, right?
You got the hundred million dollardone multifamily fund, you got the a
hundred million dollar hospitality fund.
But this particular fund seemsto me to be the most in tune
with the marketplace right now,like where things are right now.
(30:14):
And you said this on your podcast, on yourwebinar when I was on it, that this is a,
this is gonna be a short term opportunity.
This is gonna be short term.
Two years, maybe four years, where,where you're solving this problem
in the marketplace right now.
Like you moved on it quick.
I remember about eight months ago, ninemonths ago, we were talking about it
and you said, Hey, I think I've gotta dothis because the marketplace needs it.
So half a billion dollars.
(30:35):
How is, how are you finding these guys?
How are you finding these operatorswith half a billion dollars?
I'm so glad you said that, brother.
We have a big name with lot oflarge institutions, lenders,
and so forth that they know.
Who these beautiful operators are andgreat operators who have done very well,
but they're just in a little bit crunch.
(30:56):
So they're giving us leads, ourproprietary networks and all that.
They're bringing leads and and so forth.
And also we are going out to seekout to some top people in this
country who we know personally, andthen say, Hey, do you need help?
So we got lots of gooddeals coming on the table.
(31:18):
I love it.
I'm always wondering marketing questions.
I'm always wondering like, how areyou filling the pipeline for this?
How are you finding the deals?
Right?
How are you finding those deals?
You're going to hedge funds andlenders who you've worked with
in the past for your projectsand, and other people's projects.
That is fantastic.
This has been, like I said, tome, a very valuable episode.
I, I so appreciate Vinny and all the,so for everybody who's listening, Vinny
is on the board of directors, boardof advisors for Alchemist Nations.
(31:40):
Yes.
He's very tied into our results.
Our board meeting was supposed tobe today, we moved it to next week.
So I'm actually cheating.
I'm preparing a little bit No.
So I can be No, that's fine.
That's fine.
Flexibility is the number onething I should say that we'll
end the broadcast that flex.
Be flexible.
Everybody don't get tired.
Calendars are there.
(32:01):
I know many times I like to holdon with the appointments and
everything, but if somebody hassomething, come up, don't get bad.
Look at, we need to live our life fully.
Personal life, businesslife, spiritual life.
Everything.
So I think it's good to be flexibleand be really determined to 10 x 20 x
(32:22):
each and every day and make it happen.
Every single moment counts.
Not the past, not the future, but today,the now the present, we need to unfold
it and give our very best the 10 X Vinny.
In that case, we doabundance Thursdays every.
Thursday at 9:00 AM Pacific StandardTime and 12:00 PM Eastern Standard Time.
(32:47):
Thank you Vinny, for,for this piece of advice.
Thank for this all principle,uh, for everybody listening.
Cheers to your success.
We have a choice.
Always work with the best.
Lots of free resources.
See you next week com.
See you next week guys.
See you next week.
Please put a reminder onyour iPhone and draw it.
Hey Vinny, and gonna comeon Abundance Mindset show.
And I hope you like the content and followand share so that you could just put in
(33:12):
what you call notification, I think isthe word, because we go live on all the
channels of Walter and mind and love tosee you and answer your questions and
even anything we could do to help you.
Cheers.
We'll see you on the next one.
See you on the next one.
Hey there.
The upcoming episode isscheduled for Thursday.
We appreciate your viewershipof the Abundance Mindset Show.
(33:35):
Tune in every Thursday at 9:00 AM PacificStandard Time, or 12:00 PM Eastern on
various social media platforms hostedby Vinny Chopra and Gal or Amarillo.
Don't forget to subscribe, share yourcomments, and leave a five star review.
Thank you for your support.
The thing is, successcomes after failures.
(00:03):
Sometime you could hit success rightaway, but as a entrepreneur, as
the CEO of the business, we need tobe tweaking, deleting, and adding,
tweaking, deleting, and adding.
Why do I say that?
Because the thing is, all theactivities don't bring the same results.
Not all the activities are the rightactivities to start with because we
(00:29):
are trying to perfect the system.
Hey friends, this is Winnie Chopra.
Thank you for liking the episodes thatwe bring the guests in our podcast.
Please do go to winnie chopra.com andfree slash free benefits so that you
could get a lot of good things, goodies,all that, and also please follow.
(00:49):
Walter and I do a show Abundance Mindseton Thursday Morning Live, which is
on 9:00 AM Pacific, and also Nie andBo Show, which we also go live, uh,
on set on Friday at 9:00 AM Pacific.
See you on the other episode.
Take care.
Enjoy this show.
(01:09):
Welcome back to Abundance Thursdays.
Myself, Walter More and the greatVinny Smile Chopra has built
over $1.6 billion of real estateinvestments under management.
Vinny, welcome back, brother.
Thank you brother.
This is LP and gps.
I do want to qualify that wecrossed 1 billion in the A UM.
Which is assets under management,but then the elk fees, I'm into lots
(01:34):
of real estate, lots of differentthings, lot of startups, all that.
1.6 might be around that number.
Hey, thank you, brother.
We look forward to it.
Anybody watching us or listening to us?
I hope you follow us and also discussquestions and really share this episode
with other people who can get help too.
(01:56):
Again, we just have fun.
I walk in the morning, Thursday morning,9:00 AM Pacific, and we go live.
Brother Walter, howare you today, brother?
I'm very good, Vinny.
So today's wealth principleis pr, uh, well, principle 20.
It is applying the 10 Xrule to your planning.
And although a lot of times we gointo this principle and like you just.
Teach exactly how it works.
(02:17):
I want to go a little bit differentbecause I'm in nut Tenix planning phase
of Al Optimist Nation, and right now wehave 30 live events that are running.
They're running pretty good.
Vinny, I think they could run better.
I think I'm, I'm missingsome sponsorships.
I think I could have them running muchbetter, but I wanna go from 30 to 300 and.
That is a, a realistic goal.
I know it is possible 'causethere's 300 cities with over
(02:37):
a hundred thousand population.
So I want to go through themindset of how do I leverage
this and actually make it work.
Before we dive into that, what is,what does it mean to 10 x to you?
What does that actually mean?
What does that mindset like,why is it so important?
I, I love it.
I love it.
I love it, brother Ken.
20 x hundred x, but as GrantCardone, a great person.
I got a selfie with him one day overthere in, when I was in JA, in Texas,
(03:02):
I think you're at a hotel in Florida.
Anyway, he invented the term 10 XI think.
But the key thing about 10 x is how canyou really get passionate about something,
about some results, about what you want toaccomplish, what you are doing right now.
30 are doing good.
(03:24):
You, you've got to make it 10 x to 300.
Lemme say, when we build tribes,when we build communities, we gotta
look at who are the avatar, who willbe the people who will be joining?
First of all, who do wewant more of in that tribe?
(03:46):
Secondly, what are.
It's hard to really satisfy everybody'sneeds, but majority 70% of that
tribe, what are they be looking for?
What will be the benefits to themto join that tribe or that group
or what you're trying to do?
(04:08):
The other part is how can theybenefit with the networking?
How can you, as the sponsor ororganizer, how are you going to
be benefiting and helping them?
Again, if we help more people, weget many fold back like Zig Ziglar
(04:29):
says, right as you help, what is that?
Oh my gosh.
Helping other people.
You, if you help enough people whatthey want, you get what you want.
That's what I was trying to get to.
I think in short.
It's really focusing what the benefits areto the tribe members and also to you and
(04:51):
how to organize better with authoritative.
Uh, because see, peopleare looking for leaders.
They become leaders.
The followers become leaders in duecourse of time, but you cannot just
give it to them in a leadershipposition unless they're ready.
(05:12):
That makes a lot of sense to me.
So you would suggest, so firstI know that the value is right.
We have real estate investorswho come to our event.
We have business professionalscome to our events and they're
looking to increase their income.
A lot of them are in looking toget passive income and uh, most of
people just want to be able to retireone day that's really, they wanna
quit their job or, or be able to dosomething that they actually enjoy.
(05:33):
Uh, so we know that's their desire.
And then what we deliver is the networkof other people who they can work with.
So that's.
Obviously a simple valueAt the deeper level.
We've got the Millionaire PathReport, which we give away for
free, so that's free value.
And then we have the fifth two Weeks ofwealth, which is the wealth principles.
We have Abundance Thursdays,which is another training.
Yep.
And, and value for them.
(05:54):
And then they have the local teams.
So the local teams are people who actuallyare real estate investor professionals.
So like the realtor, the mortgage broker,the attorney, the lender, the, the
deal finder, the uh, property manager.
Like all of those local folks arewho they need to get the job done.
So I know we have the value ofthe challenge we're having now.
Vinny like, to be perfectly honest withyou, if I can be vulnerable is Yeah.
Yeah.
Building out those teams is a lot of work.
(06:16):
First, we need the leader, like yousaid, we need a leader who can then
empower those sponsors of thosetrusted team members who can then,
you know, serve the community.
So we've done a decent job puttingcoaches in place, like leaders in place,
but then mm-hmm building that team out.
It takes time.
It just takes, like talkingto people and getting them.
So we were hiring a sales teamto have those conversations.
(06:37):
But that far is hard.
Vinny, we're a hard time scaling.
It's, but then I'm just thinking aboutwhat would be some real, some, uh, I'm
just trying to see the media, right.
So social.
Be social, sorry.
Social media is huge inbringing the people together.
(07:00):
Teams together.
I've seen, I've known some productsthat are selling very fast every week
because of the tribe they have built.
So I think maybe, are we usingInstagram for example, to build
these 300 communities we shoulduse without even advertising.
(07:22):
Some platforms.
Could be Facebook, could beYouTube, could be Instagram.
I think Instagram is easy one,which can really search in different
cities, and then they become membersand we give them free whatever, and
then build the community that way.
I'm just thinking out loud.
The other thing came to my mind wasall these communities have, LinkedIn
(07:46):
has changed its whole picture now.
It's not a recruitment tool.
It's a entrepreneurship tool.
It's to talk who I am.
LinkedIn has to be a strong one.
So through sales navigation, I'mthinking to really penetrate that area.
You could segment all these,uh, in the 300 different cities.
(08:09):
It's 30 right now, but evenperfecting thirties, so that you
find that solution, that blueprint.
Which can be then implemented all over theplace rather than starting 60 and in 90.
I think if 30, we could perfect thatsystem through Instagram and LinkedIn.
(08:31):
I think those are the two come tomy mind and to really softly bring
entrepreneurs, homeowners, and allthe CEOs and the others into it.
Wow.
Vinny, you just said something that cameup in one of our marketing meetings, and
I am realizing those guys were right.
So sales navigator on the LinkedInside, it allows us to target
specific entrepreneurs so we canbuild our teams a lot faster.
(08:54):
I could find coaches, I could findrealtors, mortgage brokers, attorneys.
Now it's a matter of bringing in thesales team who can do that, because
that's a lot of conversations, right?
It's, I talked to 10 mortgage brokers.
One of them is gonna understandabundance, moral, ethical, legal
investing, real estate investing.
Yes.
Okay.
So let's say there's 12professionals and now I've gotta
talk to 120 in a city that's gonnatake a sales team to get there.
(09:18):
So that's, this is, I'mwith you a hundred percent.
And I like LinkedIn a lot.
I now, I'm listening to you.
I'm thinking, okay, that's.
10 x that is huge.
It's a lot of conversations.
10 events.
It's 1,200 people, a hundred events.
That's 12,000 people that we have totalk to and to get to the 300 event
that's now 36,000 people that we haveto have a conversation with, which
(09:40):
means Walter can't do it by himself.
So no, definitely not.
And that's where itcomes to really training.
They're not salespeople.
They are actually partners.
In your business and our business so thatwe could really give them not a sales.
I, I don't like the salescalling out centers or anything.
(10:04):
I think we should call them marketing.
Marketing, maybe even partners,marketing partners, different names.
But then you and I and other people inyour team need to train them, right?
We need the best of the best scripts.
Best of the best short messages.
(10:26):
Best of the best, not justone message, but 1, 2, 3, 4.
Because see, not everybodyresponds from the first message.
Say that again.
Not everybody respondsto the first message.
It's true.
No, no.
(10:46):
We got so much going onin our life, brother.
I read somewhere.
You have to send the same emailseven times to get noticed.
I don't know what the numberis now, but same thing is
through messaging on LinkedIn.
It's become, so, what's the word now?
(11:07):
People don't give it the samecredence as they used to.
Because they always feel, and Ifeel myself, by the way, when other
people, they say, please connect,and then they send the message.
It's a copy pasted message whenI know what is there to sell.
Hold on.
Right?
It's all generic, so we need to, ah,it's generic, but we need to just try to
(11:30):
tune the message nicely and, and so on.
And also soft paddle, but then givewhy they should join the tribe.
That's good.
I am taking notes as we go.
And I realize just now, I came upwith a math of 3,600 conversations
need to be, had, uh, 36,000conversations need to be had.
And I realized if I have to reach out tothem 10 times, like if there's 10 follow
(11:54):
ups, that's 360,000 follow up mm-hmm.
At that, I'm now reverse engineeringand saying that's in, that's like a
lot of people to accomplish this goal.
So it can't be done in a month.
Right.
So it.
I don't know.
The 10 x rule says that you think, no, no.
Massive action.
Right?
So well, massive action from where we are.
(12:15):
I think if we really have that goal inmind and be passionate about it, it's
just that we could blow lots of context.
We will never reallygive any credits to it.
But to have the message and training thesemarketing partners, I call it, I love it.
Marketing partners.
I love that term.
(12:36):
I love that term.
I'm gonna say that again and againand in my team too, because they are
partners and there is incentive builtin it, and it's their livelihood.
Every team member, we, as the CEOsof those companies, we have very big
obligation, obligation to train them.
(12:56):
To show them the path and then give themall the tools so that they can be winners.
So valuable.
Vinny, I, we, we've talking to, I'mgonna call 'em relationship managers
or what, what do we call 'em?
Uh, marketing managers.
Marketing, marketing partners.
Hold on.
Okay.
Okay.
So marketing partners.
So I've been talking to mymarketing partners and mm-hmm.
Training them to ha to send out 40messages on LinkedIn, 40 messages
(13:19):
on Instagram, 40 messages in text.
Like anybody who's come toour events before, it's like
we just message them too.
So.
If I started to, sothat's 120 a day, right?
That's 120 a day.
Times 10 is 1200 in a day.
If I had 10 people operating, soover 10 days, that'd be 12,000
that we could, uh, send out.
(13:41):
That is still gonna take,I need more than 10 people.
Is is what I'm coming up with.
God.
Hold on.
I gotta leverage leveraging, yes, brother.
The thing is, when you sendmessages, how long does it take
for a person to send messages?
(14:02):
I know some rot ofcollar or whatever it is.
Call centers.
They have one persontalk to 100 people a day.
Talk to, alright, talk two.
You need to look at a systemin the go high level where
we could send mass texting.
(14:23):
And then I don't.
So through sales navigation too,I'm sure there are ways I never
take no for an answer by the way.
I just say, okay, if I wanted 10 x, 20x, a hundred x, how can I automate it?
You are the same way too.
I know you.
So the big thing, we needto go that high to find out.
(14:43):
We got the good message.
We do.
We really have the good message.
We don't need one message.
We need 5, 6, 7 messages.
Quick little bit saying the same thingso that we can get noticed, right?
See, repetition is the must because we gotto have a good KPI, we gotta close better.
(15:05):
How do we close betterwhen we follow through?
Follow up, follow through themind, follow through like that.
It's like a system.
I don't know.
In my mind, as you're asking mequestions, it's coming to my mind.
How I would approach will be to set agood strategy where we have the messages
and ask Jet GPT and robots and all that.
(15:30):
Is that the right thing?
What's the short way?
Short message in texting.
Short message in Jane.
Uh, short message.
In all the avenues,people don't have time.
People don't have time, so weneed to give benefits to that.
I love this.
I, I wrote it down, so Idid the math really quick.
360,000 texts would be a thousand textsa day, and that is sustainable if 10
(15:56):
people are messaging 100 people a day.
Sure.
Or if an automation sure is runninga thousand and then booking calls
at a 10% conversion, that'd be ahundred calls split across 10 people.
It's.
10 calls a day.
Very easy.
And you, the biggest thing I wouldlike to say is that, is there a
way to even do it automatically?
(16:19):
Wow.
I bet through Go highlevel if we LinkedIn.
See, I, if I was you, I'dlike to Google or YouTube.
How can I use go highlevel with, uh, LinkedIn.
Oh, I love it.
You know?
It just comes to my mind right away.
And Instagram, how can go high levelhelp me, and I'm sure in the forum on
(16:45):
Facebook or whatever, ask that question,somebody's done it, there is some, a
plug or whatever so that it can be done.
If it's not done, why not?
You know what I do know?
I do know that it is possible.
So I know I've, I've spent a lotof time at GHL, so I know that.
Yes, you can integrate LinkedIn,you can integrate Facebook, you
(17:07):
can integrate Instagram messaging.
I've done it before.
You can integrate WhatsAppmessaging, so I've got that.
And Alchemist Connect hasall that wired up already.
So it's just a matter of, the onlychallenge with those is you can't send
first contact, so somebody would haveto send first contact, but it can't,
all the automatic responses can be done.
We now, so we've recently integratedwith chat bt so the responses Yep.
(17:28):
Can be, feels like you'retalking to a person.
Mm-hmm.
And it has a command that leadsit towards a call to action.
Three or four messages in, it'lllead it to a call to action.
I can implement that.
I didn't think of it until you said it.
Yeah.
No.
Let me ask you a questionon LinkedIn also.
You are probably going togo to people in your teams.
(17:49):
Yep.
Their LinkedIns, and then you have tofind the first context second and so on.
Right.
And maybe even have a great messagefor the second and third context
to get you to the first level.
Right, right, right.
The other part is to reallyfind out LinkedIn profiles.
And the quality of people you want toattract in your tribe, in each city.
(18:14):
So by going to, howwould you determine that?
Right?
There will be thousandsof people in that city.
So maybe even take one citywhere you are right there in
Tampa and perfect the system.
Who should be the rightpeople to join the tribe?
(18:36):
Where we can give themaximum benefit to them.
I love this so that we have, so thatwe know for sure, we've got Tampa
at eight team members now, so we'rejust missing a couple of people,
but we know for sure what we'reoperating very smoothly with this.
Mm-hmm.
Mm-hmm.
And you're right, it's taking this nowand scaling it to the other groups.
I, I love that.
(18:57):
So.
I'm gonna, I'm gonna moveforward with the next steps.
We just talked about leverage as we fail.
How do I embrace failure?
Vinny, as I inevitably make mistakes alongthis process, everybody makes mistakes.
If we don't mistakes, thenwe are wrong somewhere.
The thing is, successcomes after failures.
(19:19):
Sometime you could hit success rightaway, but as a entrepreneur, as the CEO
of the business, we need to be tweaking.
Deleting and adding, tweaking,deleting, and adding.
Why do I say that?
Because the thing is, all theactivities don't bring the same results.
Not all the activities are the rightactivities to start with because we
(19:45):
are trying to perfect the system.
Wow.
That's.
Yeah.
And I won't know whichactivities are right until I've
gone and made some failures.
Made some experiments.
Yes.
And then come back, talkto you, talk to Brian.
Made some iteration changes.
All right, so we talked about leverage.
Uh, so that was step fivethat you had sent me.
So we talked about leverage already.
(20:06):
Uh, leveraging technology isreally what you, uh, hammered on.
And.
So cultivating anenvironment, step six to this.
So how do I leverage cultivatingthe right environment to scale up
and hit this target of 300 impactfullocations across the country?
Building millionaires?
What suggestions do you have to, toimplement just like daily activities?
For me, for the the team, the marketingpartners, I think the biggest thing
(20:30):
would be, I would say recruiting.
Do we have the right people in place?
I always say that hiring the wrong person.
Can really delay the whole process.
So we need to really find theright partners who have done it,
who are passionate about it, whowill like the remuneration or
(20:52):
the pay that you will be giving.
Then first is hiring.
Second is training them.
Training, looking at whatthey're saying, watching.
Helping them to really perfecttheir system, how they sound, all
those things right on the telephone.
Of course, they're messaging, uh, ifyou give the messaging and they're
(21:13):
duplicating them with puttingsome personalization into it.
I'm thinking if we send a message,we say, uh, I've been watching
you, your, your, your successes onLinkedIn and congratulations for
this and that, see those personalmessages will go a long way.
This is good.
(21:34):
So creating environments.
This is, you wrote down these notes oflike surrounding yourself with like-minded
people, inspirational mentors, conducivespaces that fuel the ambition and drive.
I love what you just said becauseit ties it into something.
I can actually implement this.
It really is just aboutbringing in the right people.
Like at the end of the day, would you say?
Yeah.
Yes, yes.
(21:55):
Is bringing the right people.
And that is, and then providethem with the tools, right?
Make the script, the tools, the system.
You got it.
You got it, brother.
It's all the raw material.
It's the hiding.
If the wrong hide is done and youkept on teaching that person, and
when finding them to not bringthe results, it's our fault.
(22:18):
It's our fault.
We the right ownership onhiring the right people.
Take time to really find theright people and then take
them through the whole process.
Interview them two times, three times.
Make sure that we are using Tracker.
(22:39):
I hope you're using, if they'reinternational assistance, screen
share monitor another one.
Top Tracker is another oneI'm using now because you got
to make sure they're honest.
See, many times.
Even in USA and abroad, everywhere inany country, people are, especially
(23:00):
freelancers, uh, I, I shouldn'tsay that, all of them, but some
are not that honest and they'reable to do this job and that job.
But if you are not able to trackand then they're based, based
on like this top tracker has abeautiful place where you go.
(23:21):
Track their time, and at the end ofthe week how many, even in minutes, it
shows up and then it takes, I think,the images of their screen because
everything is done on their laptop, right?
Or computers like that.
So it takes pictures of it.
So I hope anybody watching us, bythe way, and if you think that your
(23:42):
international assistance are not up topar or you don't have way to really track.
Honesty is the best policy.
I give my national assistancebonuses, KPI, benefits all those
things and meet them every week.
Sometime even my other partnerwas meeting three times a week.
(24:03):
He was getting so much done.
From high contact, treating themlike, uh, an actual sales team.
And by, by the way, Vinny says hisinternational partners, what he's
referring to are his virtual assistants.
So assistants?
Yes.
Yes.
Yeah.
I have to translate Vinny sometimes.
So
I would say.
(24:23):
International virtual assistant.
Sorry.
Sorry.
No, I love it because it's yourtrue mindset and I You do see, yeah,
your virtual assistants as yourinternational partners, and I think
that's the way you communicate reallydictates how you feel about a person.
So it's very powerful show at.
No, really, because see, we wanna takecare of everybody in our organization
(24:45):
so that they're happy, contented,they're passionate, they're burning
desire, they get up for hours, they'reworking in Philippines or Ethiopia
or, uh, you know, uh, Romania.
You know, you want them toseem special and you want them
to ate for their good job.
And of course, and then teachand make sure that they're,
(25:06):
and I use Asana, A-S-A-N-A.
Yep.
I love it.
I love it.
I'm sure you use that too.
Nothing is going throughthe slips at all cracks.
Nothing.
Nothing.
So I would highly recommendeverybody to use Asana, Asana.
I like that.
I like the idea.
So for anybody who's listening about andnot sure what we're talking about, we're
(25:29):
talking about hiring the right people.
We're talking about scaling up, going from10 x, like how do you grow your company?
Uh, I've been very selfishin today's, uh, show.
I've been asking Vinny, how dowe do this with Alchemist Nation?
Very specifically saying, howdo we get to 300 locations?
We're at 30 locations, buildinga hundred millionaires each.
How do we get to 300 locations?
And we just talked about.
The importance of hiring the right people.
(25:50):
And then we shifted over to, uh, virtualassistant international partners and, and
making sure that you're tracking them.
So it's trust but verify, bringon good people, but also track and
ensure, hold 'em to a standard.
This final lesson is sevenof the 10 X rule of applying.
The 10 x rule is celebratingprogress and milestones.
So we talked about that little before.
(26:13):
I love these.
Team.
I don't know how much my wifepaid or whatever the thing is,
you've got to reward yourself.
Why do we work so hard?
Why we are getting up in the morningand be passionate all day long.
17 hours or 18 hours or 10 hours.
So nine hours.
(26:34):
All entrepreneurs work very hard.
I'm sure you do, and Darina does.
Walter, the key thing is youneed to pat yourself on the back.
You really material things are, a lot ofpeople don't like them and some like them
and whatever, but the thing is you'vegotta patch yourself, reward yourself for
(26:55):
the job well done, because then it excitesyou to really do even more of that.
And then 10 x and 20 x and ahundred x, it'll be in your reach.
This is, this has probably been myfavorite show, podcast with you.
I think, uh, I've got a lot out of it.
So for everybody who'slistening right now, uh, Vinny
has 10 x his goals for years.
(27:16):
Every year he's, he's looking atsomething bigger, and right now he's
seeing a huge problem in the marketplace.
There there are great syndicators, reallyquality, really talented syndicators
who've made, uh, some really good dealshappen, but now they've gotten themselves
into a situation where the market.
Interest rates have increased, orexpenses have just shot through the roof.
Insurance has shot through the roof,and now they're doing capital calls.
They need additional capital.
(27:37):
Uh, these are great investorswith great deals, great projects,
and they're in a market that hasjust thrown a curve ball at them.
And instead of going back to theirinvestors, you know, who may be struggling
and having different challenges,uh, and asking them for money, what
Vinny's done is created a fund.
It's called the OpportunityFund, and this is a 5 0 6.
This is a C, CCC, right?
(27:58):
Yeah.
So we can talk about it on the deal,on the show, which is really cool.
'cause very few people who talk abouttheir deals on shows like this actually
can, they don't have them set up properlyand they get in trouble and get sued
by the S sec c uh, Vinny set this upproperly so he can actually, and he's
doing it for you so he can actuallytalk about his deal on these podcasts.
'cause I think it's, he agrees it'simportant for people to learn how passive
(28:18):
investing works and how syndication works.
So, Vinny, can you, uh,tell us how far along.
How many deals are you currently lookingat right now with the opportunity fund?
Wow.
If you have it off the top ofyour head, we have nine deals.
Nine deals on the table, brother.
And what it's is, it's an opportunisticfund, income fund, will be giving the
money 1 million, 2 million, 4 million,10 million, and only to the operators.
(28:42):
I wanna qualify that.
If you can reach out to me, DM me,or reach out to me, and that is for,
you have to have half a billion.
In your portfolio to 5 billion orwhatever, but mini is half a billion.
They need to be nice assets,which are performing correctly.
You just need this money as a mezzanine,as rate lock or some CapEx, or you
(29:07):
are doing refinancing or you did x uhcall and you should have a good DCR
debt coverage ratio and everything.
And that's why and peoplecan invest with me.
With only 50,000 or a hundred I manyfew people, I allow 50,000, but a
hundred thousand is minimum five or sixfor a C for accredited investors only,
(29:30):
and we are giving huge, really nicereturns and paying our dividends or
distributions from day one as people.
Why is their money.
We start accruing there andwe'll be given out in July, I
think our first distributions.
So it's a beautiful fund.
Your money will be puttinginto 18 to 22 assets.
(29:52):
It's diversified.
It's fully protected withthe SEC ruling and all that.
Yeah.
This is probably the coolestfund you've ever done.
Is that fair to say?
Vinny?
We did.
You've got a lot of cool stuff, right?
You got the hundred million dollardone multifamily fund, you got the a
hundred million dollar hospitality fund.
But this particular fund seemsto me to be the most in tune
with the marketplace right now,like where things are right now.
(30:14):
And you said this on your podcast, on yourwebinar when I was on it, that this is a,
this is gonna be a short term opportunity.
This is gonna be short term.
Two years, maybe four years, where,where you're solving this problem
in the marketplace right now.
Like you moved on it quick.
I remember about eight months ago, ninemonths ago, we were talking about it
and you said, Hey, I think I've gotta dothis because the marketplace needs it.
So half a billion dollars.
(30:35):
How is, how are you finding these guys?
How are you finding these operatorswith half a billion dollars?
I'm so glad you said that, brother.
We have a big name with lot oflarge institutions, lenders,
and so forth that they know.
Who these beautiful operators are andgreat operators who have done very well,
but they're just in a little bit crunch.
(30:56):
So they're giving us leads, ourproprietary networks and all that.
They're bringing leads and and so forth.
And also we are going out to seekout to some top people in this
country who we know personally, andthen say, Hey, do you need help?
So we got lots of gooddeals coming on the table.
(31:18):
I love it.
I'm always wondering marketing questions.
I'm always wondering like, how areyou filling the pipeline for this?
How are you finding the deals?
Right?
How are you finding those deals?
You're going to hedge funds andlenders who you've worked with
in the past for your projectsand, and other people's projects.
That is fantastic.
This has been, like I said, tome, a very valuable episode.
I, I so appreciate Vinny and all the,so for everybody who's listening, Vinny
is on the board of directors, boardof advisors for Alchemist Nations.
(31:40):
Yes.
He's very tied into our results.
Our board meeting was supposed tobe today, we moved it to next week.
So I'm actually cheating.
I'm preparing a little bit No.
So I can be No, that's fine.
That's fine.
Flexibility is the number onething I should say that we'll
end the broadcast that flex.
Be flexible.
Everybody don't get tired.
Calendars are there.
(32:01):
I know many times I like to holdon with the appointments and
everything, but if somebody hassomething, come up, don't get bad.
Look at, we need to live our life fully.
Personal life, businesslife, spiritual life.
Everything.
So I think it's good to be flexibleand be really determined to 10 x 20 x
(32:22):
each and every day and make it happen.
Every single moment counts.
Not the past, not the future, but today,the now the present, we need to unfold
it and give our very best the 10 X Vinny.
In that case, we doabundance Thursdays every.
Thursday at 9:00 AM Pacific StandardTime and 12:00 PM Eastern Standard Time.
(32:47):
Thank you Vinny, for,for this piece of advice.
Thank for this all principle,uh, for everybody listening.
Cheers to your success.
We have a choice.
Always work with the best.
Lots of free resources.
See you next week com.
See you next week guys.
See you next week.
Please put a reminder onyour iPhone and draw it.
Hey Vinny, and gonna comeon Abundance Mindset show.
And I hope you like the content and followand share so that you could just put in
(33:12):
what you call notification, I think isthe word, because we go live on all the
channels of Walter and mind and love tosee you and answer your questions and
even anything we could do to help you.
Cheers.
We'll see you on the next one.
See you on the next one.
Hey there.
The upcoming episode isscheduled for Thursday.
We appreciate your viewershipof the Abundance Mindset Show.
(33:35):
Tune in every Thursday at 9:00 AM PacificStandard Time, or 12:00 PM Eastern on
various social media platforms hostedby Vinny Chopra and Gal or Amarillo.
Don't forget to subscribe, share yourcomments, and leave a five star review.
Thank you for your support.
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