Business
With the COVID-19 pandemic forcing people into their homes, more and more needed a place to stay. Multifamily investor and educator, Vinney (Smile) Chopra, seized the opportunity found in this and looked for a property where engineers from Google, Tesla, Facebook, and everybody are moving into: Austin, Texas. In this episode, he sits down with Dan Handford to talk about the deal he got, which is a 308-Unit Lakes at Renaissance Park in Austin, TX, and how he managed to pull it off. He shares with us the process he had to go through, talking about hard money, due diligence, lease audit, demographic information, and more. Vinne also taps into tools you can use to look at trends in occupancy, how to hit preferred returns, and what investment assets there are in the Austin market. This is a jam-packed episode you don’t want to miss.