Breaking Into Entrepreneurship: Don't Tell Me What to Do - Interview with Scott Choppin
Today's interview with Scott Choppin is a great listen about the way the job field is evolving with entrepreneurship and the extinction of 'old' jobs. We're talking about the amount of opportunities that are available, but also how it takes a particular set of knowledge and experience to successfully break away from the job field and to break into entrepreneurship. Scott is a CEO and founder of a robust real estate company Urban Specific which focuses on real estate investment with strategic knowledge to coordinate more powerfully domestically and globally. Visit https://www.urbanpacific.com/about/ to see more.
Scott Choppin is the CEO and Founder of The Urban Pacific Group of Companies, a Long Beach, CA-based real estate development company, founded in 2000, that focuses exclusively on workforce rental housing communities throughout California and the western US. Urban Pacific has created a new housing innovation called Urban Town House (UTH), which pairs private capital with middle-income multi-generational rental housing while producing market superior yields on invested equity. Historically, Urban Pacific’s UTH projects have delivered 22.66% programmatic IRR yields on equity. In this episode, Scott shares how this pandemic has allowed an economic sharing lifestyle for families and roommates and created something new for this market which is called urban townhouses. Being an underserved market where undersupply is huge and demand is high, it surely is a competitive advantage. Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/ What you’ll learn in just 17 minutes from today’s episode: Find out one investment strategy that is very much in demand in this time of pandemic and which also meets the economic sharing lifestyle people have these days Learn how you can steadily rake in monthly cash flows from this type of investment Discover the competitive advantage of this type of property to the unique market it serves Resources/Links: Get your FREE e-book, “How to Thrive and Survive a Recession”. Click here: urbanpacific.com/ebook Topics Covered: 00:51 – What is Urban Townhouse 04:00 – Who does Urban Townhouse serve 06:02 – What does the Urban Townhouse look like inside 06:51 – Using the sub-meter methodology for water and electricity for economic functionality 07:13 – How many housing projects he has built so far 08:28 – The number of units in a project he did when he started 09:58 – His ways to mitigate risk in doing multi-unit housing projects 11:16 – What kind of families do they cater to, and how do these units cash flows 13:41 – How the market of roommates and families turn these urban townhouses into functional units as home and home offices 15:49 – How do urban townhouses compete with the normal house rental 17:26 – The average rent for these units a month Key Takeaways: “For us, workforce housing is building a new construction rental housing product for middle-income families. And we also have middle-income roommates, and during the pandemic, roommate situations are actually a high growth area for us. But the intention was to serve a part of the marketplace that wasn’t being served.” – Scott Choppin “We know the demand these families, and particularly now, roommates, in the pandemic is massive. The undersupply is huge, the demand is high, that’s the perfect market to want to enter into from a niche or a contrarian basis.” – Scott Choppin “It basically allows families that live multi generationally, or big family groups or roommates to come together in a single space. And then start to do practice this economic sharing lifestyle.” – Scott Choppin “One of the ways to mitigate risk is you break it in half or you break it into 30. I’m going to build the first phase, if that goes well, then we can start the second phase. And one of several methodologies that we use to mitigate risks is conservative underwriting. It’s the name of the game. We need to produce returns for ourselves and investors.” – Scott Choppin Connect with Scott Choppin: urbanpacific.com Twitter LinkedIn Facebook Instagram Connect with Dave Dubeau: Property Profits Podcast www.davedubeau.com www.investorattractionworkshop.com Facebook LinkedIn Enjoyed the Podcast? Please subscribe on iTunes for updates
California Multifamily Real Estate Developer Scott Choppin - CRE PN #300
Commercial Real Estate Pro Network
Today, my guest is Scott chop and Scott is the CEO and founder of the Urban Pacific Group of Companies along the Long Beach, California based real estate development company, founded in 2000. They focus exclusively on workforce rental housing communities throughout California. And in just a minute, we're going to speak with Scott about multifamily opportunities for workforce housing in California.
On this episode of Money Savage REI, we talked about the value of identifying a niche in business, why larger operators stay away from fringe markets and the opportunity that presents, and how to participate in the urban townhouse market, with Scott Choppin, Founder and CEO of Urban Pacific, a real estate development company. Listen to learn about a high demand and low supply real estate investment opportunity! For the Difference Making Tip, scan ahead to 16:51! You can learn more about Scott at UrbanPacific.com, Facebook, Twitter, Instagram and LinkedIn. Check out the Strive Online Bootcamp We’re honored to have been named one of the top podcasts from investing! George is honored to be included on Investopedia's list of the Top 100 Financial Advisors for 2020! Have George speak to your organization. You can learn more about the show at GeorgeGrombacher.com, Twitter, LinkedIn, Instagram and Facebook or contact George at Contact@GeorgeGrombacher.com. Check out Money Alignment Academy as well!
Purchase to Profits - Real Estate Investing Podcast
Scott K. Choppin is the Founder of the Urban Pacific Group of Cos. Scott oversees all operations of the Urban Pacific family of companies, including business development, capital acquisition, and strategic planning. Prior to forming Urban Pacific, Scott was Director of Land Acquisition for the Multi-Family Development Division of Irvine-based Sares-Regis Group. In that position, he was responsible for all land acquisition activities for the development of luxury, market rate and senior rental communities throughout California, Colorado, and Arizona. Before joining Sares-Regis, Scott was with Kaufman and Broad Multi-Housing Group. As Senior Project Manager, he was responsible for all activities related to multifamily development, including the acquisition, entitlement, syndication, and development of over 1,900 affordable multifamily units throughout the Western United States. Prior to that, Scott was a project manager with Irvine-based Snyder Langston Real Estate and Construction Services. Scott holds a degree in Business Administration with a specialization in Finance from California Polytechnic State University (Cal Poly), San Luis Obispo. Connect with Scott Choppin: Website https://www.urbanpacific.com/ LinkedIn linkedin.com/in/scottchoppin Email firstname.lastname@example.org Connect with Seth Ferguson: http://www.SethFerguson.org 📞 ONE-ON-ONE CALL: Interested in learning more about real estate investing? I'm opening up my schedule to speak with people who are serious about learning about how real estate investing can significantly impact their lives. 👉 Go to http://www.CallSeth.com to book a 20-minute call. 👈 🏦 FREE DOWNLOAD - The Top 7 Key Market Drivers Every Real Estate Investor Must Know: http://www.TopMarketDrivers.com
#162 with Scott Choppin: How to Get into Land Development From Start to Finish
Millennial Millionaire Real Estate Podcast
In this episode, Jonathan Farber interviews Scott Choppin on his road from learning the real estate trade from the family business to establishing a successful real estate development company that’s going on 20 years strong. Scott is a development investor in Southern California. In this episode, we dig into topics like: learning the housing development process, getting through your first development, why to go with development over other real estate sectors, and more! Top Takeaways: Understanding the housing development process - 9:00 - 10:45 The basic model is to buy land, build apartment buildings on the land, and rent the apartments Finding the right parcels for the specified development is a major part of the job The apartments are held because the asset that is created is already a cash crop Creating your first real estate development deal - 13:00 - 18:00 A background in a larger development firm gets you going, especially with life cycle management Take any experience you already have and figure out how you can apply it - use a known market Anything that works well is something you should probably do again The benefits of new development over other investments - 18:15 - 21:15 Development is an even more niche market inside the already niche market of real estate The fewer competitors you’re up against, the more opportunities you can create Additionally, because of the blank slate nature, the product can be tailored to the market How to bring value to Scott Choppin: Check out his ebook available on his website Resources: urbanpacific.com/ebook Social Links: biggerpockets.com/users/Scott_Choppin linkedin.com/in/scottchoppin urbanpacific.com Connect With Our Sponsor, MartelTurnkey: martelturnkey.com Schedule a Call email@example.com Connect With The host, Jonathan Farber Here! firstname.lastname@example.org LinkedIn: https://www.linkedin.com/in/jonathanfarber1/ Instagram: @jonjfarb Facebook: https://www.facebook.com/jonathan.farber.9 Facebook Group: Real Estate Mentorship Mastermind https://www.facebook.com/groups/860025821084224/ BiggerPockets: https://www.biggerpockets.com/users/JonathanF29 Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
Multifamily Success in Southern California with Scott Choppin
The Multifamily Takeoff
Most investors you talk to will tell you California isn’t a good market to invest in. It’s rare to hear a podcast guest talk about real estate success in Southern California. Our guest Scott Choppin is here to tell you that California can, in fact, produce great returns on multifamily properties. You just have to be creative. Scott and his team are based out of Long Beach, California, and they focus on multifamily developments around L.A. County. They’ve honed in on a niche market of four and five-bedroom, townhome-style multifamily apartment homes. These uniquely large multifamily units serve blue-collar communities that are increasingly living with roommates. What started out as an experiment has grown into Scott’s bread and butter business plan. Listen in to hear how Scott is able to execute these developments in the hardest part of the country to do business.
052: Workforce Housing Development with Scott Choppin
Make Money, Make Sense in Real Estate with Danté Belmonte
Scott K. Choppin is the Founder of the Urban Pacific Group of Cos. Scott oversees all operations of the Urban Pacific family of companies, including business development, capital acquisition, and strategic planning. For over 50 years, Urban Pacific and it's founding family have been developers of premier residential and commercial projects. Including development of the Long Beach World Trade Center, and the Axis at Westminster project, Urban Pacific and the Choppin family have built superior identities of trust, value, authority, and leadership in the real estate development domain throughout the nation. To learn more about Scott or to connect visit urbanpacific.com We hope you were able to take some value away from todays episode. To learn more or connect with Danté visit victorycapgroup.com
15-Unit Montebello Development In Montebello, CA With Scott Choppin, Multifamily Expert
Multifamily Investor Nation
Ever heard of a three-story, five-bedroom, four-bathroom multifamily urban rental townhouse with a two-car garage? That’s exactly the kind of property that features in a new 15-unit development in Montebello, California. In this interview with Dan Handford, multifamily expert, Scott Choppin, founder of the Urban Pacific Group of Companies, explains why this one-of-a-kind property class is strategically positioned to succeed in the California real estate market even as an economic downturn looms over. Scott sees his urban townhouse model as a disruptor in the multifamily real estate market, targeting an underserved market of large, extended families that has long existed in the state. In this conversation, he explains the acquisition, due diligence and development process and how it has been affected by the COVID-19 pandemic.
EP240 Solving the Need for Workforce Housing with Scott Choppin
Rental Property Owner & Real Estate Investor Podcast
As real estate prices increase, and the supply of new construction fails to keep pace with demand, the need for middle income housing is a steadily rising challenge that many communities are experiencing. Today we’re going to discuss Workforce Housing. What is it, who benefits from it, and how is it being developed? And here to have this conversation is Scott Choppin, a seasoned real estate developer with hundreds of millions of dollars of experience and specialization in workforce housing. He’s also the founder of Urban Pacific, which specializes in the development of a unique type of Urban TownHome. Scott is going to share the development model that he’s employing in middle-income neighborhoods that cater to co-living and inter-family residents. We’ll discuss the cost saving techniques he’s employing to develop and build these properties without any type of government subsidies. We’ll also discuss the defensive nature of this type of housing against economic downturns and the financial fallout from the coronavirus pandemic. There is a very real problem in which wages in our country aren’t keeping pace with the cost of housing. Creative solutions like the type Scott shares in this episode are necessary if we’re going to overcome these challenges. You can contact Scott through his website at www.urbanpacific.com or learn more through Urban Pacific’s youtube channel.