POPULARITY
2 episodes with scott choppin
2 episodes with scott choppin
2 episodes with scott choppin
2 episodes with scott choppin
In this episode of the Know Your Why Podcast, Dr. Jason Balara interviews Scott Choppin, CEO and founder of the Urban Pacific Group of Companies. Scott shares his journey as a seasoned real estate developer and the unique challenges of operating in California's demanding market. Drawing from his family background and deep industry experience, Scott discusses how these elements have shaped his career and success in real estate development. Key Highlights: - Family Background and Experience: Growing up in a real estate development family gave Scott a strong foundation and deep insight into the industry. - The Developer's Role: Developers are orchestrators who bring together architects, financiers, and other professionals to navigate the complexities of building projects. - Investing in California: While the California market presents challenges, it also offers unique advantages for seasoned developers willing to tackle its complexities. - Urban Townhouse (UTH) Model: UTH is a built-to-rent housing product designed to provide affordable, multi-bedroom rental units for middle-income, multi-generational families. - Addressing the Housing Crisis: The UTH model offers a scalable, innovative solution to California's housing crisis by focusing on middle-income working-class families. - Serving the Forgotten Middle: Scott's mission is to create housing solutions for the underserved middle-income population, often overlooked in today's market. This episode provides listeners with a deep dive into real estate development in one of the toughest markets in the U.S. Scott Choppin's insights into the developer's role, the challenges of California's housing crisis, and his innovative Urban Townhouse model offer a fresh perspective on how to tackle housing shortages. If you're interested in real estate development, affordable housing solutions, or investing in challenging markets, this episode is a must-listen. Innovative solutions and the availability of capital are crucial in addressing the housing shortage. Get in touch with Scott: Email: Choppin@urbanpacific.com https://urbanpacific.com/ https://www.instagram.com/scottchoppin/?hl=en https://x.com/ScottChoppin https://www.linkedin.com/in/scottchoppin/ If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/
Episode Theme:In this episode, we dive deep into the specialized real estate strategies of Urban Pacific Group of Companies, led by Scott Choppin. Our focus is on their innovative approach to developing workforce and multi-generational housing in California. We discuss how the company successfully bridges the gap between luxury and subsidized housing, navigating through the challenges of rent controls and zoning regulations.Key Highlights:Company Overview:Urban Pacific Group specializes in 5-bedroom, 4-bathroom townhouses tailored for workforce and multi-generational living.The company has thrived for over two decades, making strategic decisions to avoid political controversies.Market Comparison:A comparison of real estate investment climates between California and Texas, emphasizing the difficulties faced by landlords in California due to stringent rent control laws and eviction processes.Examination of the Costa Hawkins law and strategies to mitigate rent control risks in new construction projects.Expansion Efforts:Current development of nearly 500 units in San Bernardino, Riverside, and Lynn Empire.Future plans to develop 500 to 1000 units annually in Southern California, focusing on Ventura, Santa Barbara, Contra Costa, and Alameda Counties.Economic Factors:Impact of cap rates and interest rates on the global housing market.Trends in California's rental market showing a flattening rather than a sharp decline, amidst a national decline in multifamily construction.Population and Demand:The significance of workforce housing in sustaining demand amid population shifts in California.The success of multi-generational housing relying on multiple earners within a family unit.Economic Sharing Model:Discussion on how families pool incomes and expenses to afford better amenities, emphasizing family connections.The dynamics of income sources in multi-generational households, particularly among Hispanic demographics, including retirement income and entrepreneurship.Tenant Selection:Importance of intuitive tenant selection processes, with adjustments based on individual cases.Additional Resources:Mention of a newsletter on real estate investments and workforce housing.Information about an upcoming webinar on diversification in real estate investing.Support for Financial Independence:Acknowledgment of Steve Tucker Capital for supporting financial independence through passive real estate investments and equine welfare.Connect with Scott Choppin:choppin@urbanpacific.comhttps://www.linkedin.com/in/scottchoppin/https://www.urbanpacific.com/
Target Market Insights: Multifamily Real Estate Marketing Tips
He is a third-generation Southern Californian who is making it big in a state where many real estate developers are fleeing. The wisdom he brings from success in a market where many others fail is invaluable. Whether you are new or tuning into the show for the first time, I know you'll find great value in today's program. Scott founded the Urban Pacific Group of Companies in 2000. Since then his company has brought over 1700 units of affordable housing to communities throughout the western USA. The Choppin family has been in real estate development in Long Beach since 1960, which includes highlights such as the development of the Long Beach World Trade Center and the 293-unit CityPlace residential development in downtown Long Beach. Scott is an innovator in the fields of urban housing, mixed-use projects, and affordable/middle income housing communities throughout the Western United States. In this episode, we talked to Scott about workforce housing, proper deal financing and structuring, co-living, and the market, and much more. Announcement: Join our Apartment Investing Community here. Workforce Housing without Government Aid; 02:21 Scott's background; 05:13 What is workforce housing; 12:45 Structuring deals accordingly, in regards to financing; 24:19 An insight into co-living; 36:48 Round of insights Announcement: Don't miss the Best Ever Conference this year on April 10th to 12th. Use my code CASMON15 for 15% off! Round of Insights Apparent Failure: Being bold during the recession and underestimating the market signals. Digital Resource: Calculated Risk Blog. Most Recommended Book: The One Thing. Daily Habit: Walking 10,000 steps every morning. #1 Insight for urban townhome development: There's a great demand for homes for the working class, even though it seems like a forgotten market, and it's highly profitable. Best Place to Grab a Bite in Long Beach, CA: Joe Jost's Ep.192 with Scott Choppin Scott's newsletter: https://therealsignal.substack.com/ Contact Scott: Urban Pacific Urban Pacific Investor Education Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.
Scott Choppin is the founder of Urban Pacific Group. With 35 years of development experience, Scott oversees the fundraising, strategic planning, and site acquisition process for UPG.On this episode, we discuss:What an Urban Townhouse isHow Scott is executing on his strategyWhy Scott is long CaliforniaThe future of Urban Pacific GroupThe Birth of Urban Townhouse (00:00 - 07:42)00:00 - Introduction00:25 - Shifting Away from Podium-style Buildings02:51 - First UTH Project in Downtown Long Beach06:10 - Validation Through Rental DemandEvolution and Efficiency (07:42 - 14:05)07:42 - Evolution of UTH08:22 - Efficiency in Design10:50 - UTH Floor Plan12:19 - Target DemographicCost-Effective Design and Collaboration with Cities (14:05 - 32:22)14:05 - Emphasis on Cost Effectiveness16:28 - Unit Size Perception18:50 - Ideal Site CharacteristicsChapter 4: Affordable Housing Strategies, Construction, and Fund Structure (32:22 - End)32:22 - Negotiating Affordable Housing Incentives with Cities and Collaborating with Cities on Grants and Subsidies38:11 - Transitioning to In-House Construction Management and Building Expertise42:31 - Establishing and Scaling the UPFSign up for our Mailing list: HERESign up for our investor list: HEREScott on twitter/X: https://twitter.com/ScottChoppinScott's Website: https://www.urbanpacific.com/Tanner on https://www.linkedin.com/in/tanner-webster-76b182193/Tanner on Twitter/X: https://twitter.com/twallywebMasters In Real Estate: https://www.youtube.com/@WebsterRealEstate/videosMasters in Real Estate is produced by https://www.zuumpost.com/Leave a Review on SpotifyLeave a Review on Apple
How do Urban Townhouses, with a demand for 47,000 units, provide a solution to Southern California's housing shortage? Scott Choppin is the founder of Urban Pacific Development, a California based company that has created a unique and profitable way to use private capital to solve the housing crisis. In this episode, he covers housing trends, innovative solutions, and his philanthropic endeavors. He also highlights the shifting American dream towards a "lock key and leave it" lifestyle for millennials and baby boomers. Introducing Urban Pacific's Urban Townhouse (UTH) concept, he tackles affordable housing for multi-generational families. Scott's commitment to workforce housing is evident through Urban Pacific's use of private equity and Opportunity Zone capital. He extends his impact by aiding churches and mentoring budding real estate professionals. Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL! LinkedIn: /TeamQuattroCapital Instagram: @TeamQuattroCapital Facebook: @TeamQuattroCapital Website: www.TheQuattroWay.com TikTok:@realestaterunwaypod [00:00 - 09:28] Creating Value and Amplifying Life: Meet Scott Chopin of Urban Pacific Development on the Real Estate Runway Podcast Scott's family background in real estate development inspired him to pursue it as a career He worked in the electrical trades for a few years before reading an old 1950s real estate investment book that played a pivotal role in Choppin's journey, introducing him to the essence of deal-making in the sector Both Chad and Scott discuss the concept of "value add," emphasizing that real estate development can be viewed as the ultimate form of adding value [09:29 - 22:52] Navigating Investments, Development, and Economic Cycles When comparing value-add investments to ground-up builds, Scott described a three-bucket method: underwrite, develop, create value In development, there's a period where there's no cash flow because there are no renters and no income stream, essentially a 100% burn rate. However, the eventual rewards can be significant Post-2008, Scott highlighted the need to track and adapt to economic cycles in long-term real estate projects With rising interest rates, the lending environment for real estate is evolving, underscoring the value of real-time market updates [22:53 - 32:27] Rental Trends, Affordability, and Innovative Solutions Scott highlights the enduring significance of shelter as an essential human requirement They explore how the traditional American dream is evolving towards prioritizing lock-and-leave rental lifestyles for greater convenience Scott discusses the prevailing shortage of housing, particularly affordable options, emphasizing the demand-supply gap The concept of "urban townhouses" designed to cater to the needs of multi-generational families, providing spacious rental units tailored to modern lifestyles is emphasized [32:27 - 42:28] A Paradigm Shift, Demand Surge, and Private Capital Commitment Scott emphasizes the changing notion of the American dream, driven by the appeal of "lock key and leave it" lifestyle Scott introduces Urban Pacific's innovative solution, the Urban Townhouse (UTH) product, to provide affordable workforce housing, making a positive impact on communities With demand at 47,000 units, Scott highlights the UTH model's potential in tackling Southern California's housing supply challenges [42:29 - 51:08] Real Estate Challenges and Philanthropy Scott's creative problem-solving ability is his superpower, honed through a balance of optimism and conservative thinking He contributes to philanthropy by helping churches and religious organizations solve real estate-related issues Scott's commitment to giving back includes mentoring individuals interested in real estate development His newsletter, "The Real Signal," provides insights into real estate and macroeconomics for subscribers Quote: "What we are is that we're at the equilibrium point where we're basically maximizing the revenue as a function of cost." - Scott Choppin Connect with Scott through LinkedIn, Tw: @scottchoppin visit http://www.urbanpacific.com LEAVE A 5-STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how Team Quattro can help you by visiting www.TheQuattroWay.com. Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton. Quattro Capital invites you to join Agora: Don't miss out on the opportunity to experience the forefront of investment management technology with Quattro Capital. Join Agora and schedule a demo to see our all-in-one investment management tool in action. As a bonus, enjoy Quattro's Promotion 10% discount on Yearly Subscription and Onboarding Priority! Our platform includes a powerful CRM, market-leading investor portal, and a fundraising tool that makes it easier to raise capital for new offerings. With our collaborative space, you can ensure transparency with investors and make reporting more accessible than ever before. Click here to schedule your demo and claim your discount today! Entity Keeper: Join the EntityKeeper community today to simplify the way you manage your entities and org charts while reducing manual errors. Easily organize corporate data, visualize ownership structures, store unlimited documents, and manage important filing dates with one secure solution. Click here to start simplifying your entity management with EntityKeeper now!
In today's episode, we delve into the fascinating world of multigenerational living with our special guest, Scott Choppin. He reveals the strategies he uses to navigate through California's complex entitlement process, serving as a gateway to his real estate successes in urban infill and family-oriented properties. From highlighting the compelling demand for five-bedroom homes to discussing the pressing need for affordable housing for middle-income families in California, Scott peppers invaluable insights throughout. He also introduces us to the concept of economic sharing and how Urban Townhome housing thrives during economic downturns. Stay tuned as Scott Choppin takes you on a riveting journey through the ins and outs of the real estate market! For links and resources discussed in this episode, please visit our show notes at https://darinbatchelder.com/Multigenerational-Living
Scott Choppin is based in Southern California. His company specializes in purpose built urban townhouses for rent. On today's show we are talking about the challenges and merits of building in California. He publishes a weekly article on Substack called "The Real Signal". You can also connect with Scott on Twitter @ScottChoppin. ----------------- Host: Victor Menasce email: podcast@victorjm.com
To fully understand the massive potential of Bitcoin, specific books are necessary reading, including “The Sovereign Individual” by James Dale Davidson. It's a book that ties social constructs and the issues we face not to political forces, but to economic ones. How did reading “The Sovereign Individual” change how investor and Urban Pacific Group CEO, Scott Choppin views the opportunities in Bitcoin? With so many economic forces promising to have ill effects, how do we unfreeze and get out of our cynicism so we can find the opportunity? In this episode, Scott talks about how this book changed his understanding of money as we know it. Three Things You'll Learn In This Episode Monetary systems control a lot more of our lives than we think We don't typically associate what happens in society with economic incentives, but the monetary system is at the heart of what people and countries do. Monetary policy and forces like inflation drive the decisions we make, income inequality and even social disruptions. Don't be cynical, find the opportunity Reading “The Sovereign Individual” took Scott down the path of preparing for the things that will be a way out of what's going wrong. Economically speaking, there are going to be challenges and ill effects. Instead of getting cynical, we have to know that Bitcoin has massive untapped opportunities and solutions to these big problems. Fear erodes your ability to take action Negative economic cycles tend to trigger our fear complex, which makes it hard to innovate and solve problems. When we aren't prepared, we freeze up and get knocked off center, and every situation feels way worse than it is. We have to put practices and rituals in place that allow us to reduce and eliminate fear so we're ready to take action. Guest Bio Scott Choppin is the founder and CEO of The Urban Pacific Group, a Real Estate Development Company Providing Recession-Resilient Investment Opportunities in Workforce Rental Housing. For investors seeking superior recession resistant long term investment returns, workforce housing is a safe and secure investment that allows investors to capture superior and stable investment returns while supplying much needed moderate income housing to families located in deeply supply constrained housing markets. Urban Pacific's Urban Town House (UTH) housing model is an innovation in the workforce housing real estate development marketplace, and is a stable income generator that performs both now and in a recession as a function of housing a stable and "sticky" family renter demographic. The Sovereign Individual: Mastering the Transition to the Information Age by James Dale Davidson. For more information visit https://www.urbanpacific.com/ (https://www.urbanpacific.com/) and sign up for the newsletter.
Episode 113: Growing up in the business of development, innovation in the build-to-rent space came naturally for Scott Choppin. He is the founder, visionary, and CEO of The Urban Pacific Group of Companies which concentrates on workforce housing. His primary focus is on Urban Town Houses (UTH) which has improved the lifestyles of families and other multi-earner households through cost-effective housing.Tune in to learn more about recession-resilient investment opportunities, how to evade seasonal leasing, and the advantages of UTH.For today's episode we will cover: [ 00:00 - 08:19 ] Meet Scott ChoppinBackground and experienceGrowing up in developmentDevelopment vs. buying existing [ 08:19 - 16:12 ] Development of Workforce HousingLooking for niche opportunitiesStarting with Urban Infill EnvironmentsBuild-to-rent and Urban Town House Models [ 16:12 - 23:25 ] Inflation of Construction CostsRental vs. ValuationTesting Urban Town House ModelsEvading the seasonality of leasing [ 23:25 - 34:26] What kind of returns to expect when investing with ScottWorking with third-party syndicatorsStrategic reflection–thinking about the next recession to sellEconomic Sharing Concept [ 34:26 - 39:34 ] Making investing much more enjoyableImproving lifestyles of multi-earner householdsMaking cost-effective standard designsGenerating opportunities for families to live in good neighborhoods [ 39:34 - 52:29] Final questions and investor adviceExploring competitive learningHow to create innovations Tweetable Quotes: Connect With Guest:Website: https://www.urbanpacific.comTwitter: https://twitter.com/scottchoppinFacebook: https://www.facebook.com/scottchoppin.businessInstagram: https://www.instagram.com/scottchoppin/LinkedIn: https://www.linkedin.com/in/scottchoppinSUBSCRIBE & LEAVE A 5-START REVIEW as we create a lifetime of wealth and financial freedom through multifamily investing! Invest with us! Check out Blue Oak Investments Cody on LinkedIn, Facebook, and Instagram John on LinkedIn and Facebook Brian on LinkedIn and Facebook #UrbanHousing#TownHouse#Investment
He's back! In this episode of We Build Great Apartment Communities, the innovator of urban town houses graces the podcast once more! We have Scott Choppin, the CEO and Founder of The Urban Pacific Group of Companies, who started out as a real estate developer and project manager for various firms. White-knuckling it through adversity in the real estate space, Scott has paved the way for innovation and creativity that is currently challenging the traditional concept of housing. Keep an open mind and let's listen in! Episode Highlights: Essentials of Deal-Making Real Estate Development Project Management Real Estate as a Framework of Knowledge Leadership and Teamwork Networking Urban Town House (UTH) House Renting Model Breaking Traditional Thinking Connect with Scott: LinkedIn FaceBook Instagram Twitter Urban Pacific Website Email About Our Guest: Scott K. Choppin is the Founder of the Urban Pacific Group of Companies. Scott oversees all operations of the Urban Pacific family of companies, including business development, capital acquisition, and strategic planning. Scott created Urban Pacific's new housing innovation called Urban Town House (UTH), which pairs private capital with middle income multi-generational rental housing, With over 35 years in the development business, Scott is a leader in the field, including a position on the Executive Committee of the USC Lusk Center for Real Estate. Scott is a regular contributor to major media outlets throughout the nation, and has been published in Forbes Magazine, GlobeSt.com, the Los Angeles Times, Builder Magazine, Affordable Housing Finance, Affordable Housing News, and Multi-Family Executive Magazine. Scott and his wife Becky have been together and happily married for 28 years. They are raising their three children, Sean Patrick 20, Dylan 17, and Jenna 13, who are the fourth generation in the Choppin family in their hometown of Long Beach, CA. Scott holds a degree in Business Administration with a specialization in Finance from California Polytechnic State University (Cal Poly), San Luis Obispo. --- Did you enjoy today's episode? Please click here to leave a review for The We Build Great Apartment Communities. Be sure to subscribe on your favorite podcast app to get notified when a new episode comes out! Do you know someone who might enjoy this episode? Share this episode to inspire and empower! Connect with John Brackett and We Build Great Apartment Communities Instagram @webuildgreatcommunities Facebook @buildingreatcommunities LinkedIn @brackettjohn Website www.fidelitybps.com Subscribe to The We Build Great Apartment Communities Apple Podcasts Spotify Do you think you would be a great fit for the show? Apply to be a guest by clicking . Fidelity Business Partners, Inc. 6965 El Camino Real Suite 105-190 Carlsbad, CA 92009 D: 760-301-5311 F: 760-987-6065
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 TownHouse (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. With over 35 years in the development business, Scott is a leader in the field, and is a regular contributor to major media outlets throughout the nation. Scott has been published in Forbes Magazine, GlobeSt.com, Los Angeles Times, Builder Magazine, Affordable Housing Finance,Affordable Housing News, and most recently, the cover and feature article about the UTH housing model in Multi-Family Executive magazine. Scott and his wife Becky have been happily married and together for 27 years, and are raising their 3 kids in Long Beach, CA - Sean Patrick 19, Dylan 16, and Jenna 13. Scott and Becky's three kids are the 4th generation of the Choppin family in Long Beach. Let's dive into his story! [00:01 - 13:08] Opening Segment Scott shares more about how he got started into Real Estate Not wanting to do what his dad did - at first An entry point in Real Estate This process taught Scott how to be a Real Estate Investor Scott thought he knew enough What Scott is and will be doing differently [13:09 - 23:40] The Recession Survival Guide Signal from the noise Cognitive dissonance Listen to the noise and pick a good signal! Probabilistic thinking can be a good and a bad thing Use it wisely Some highly important lessons Scott learned in 2008 The Inverted Yield curve is a signal [23:41 - 43:20] Recession Resilience The Urban TownHouse model Recession resistant plan for resilient families The best rent growth they ever had This business model is antifragile! What makes UTH resilient? The diversity in the demographic who acquire UTH Scott's dream and philosophy Accounting for Urban TownHouse's future projects [43:21 - 45:44] Closing Segment Final Words Connect with my guest, Scott, in the links below Resource Mentioned Track the current economic conditions in the world Antifragile: Things That Gain from Disorder Tweetable Quotes "I was after making sure that I got trained as best I knew how to get trained to be fully self-sufficient when I finally launched years later.” - Scott Choppin "If you're not seasoned and get kicked out in the teeth, you get sucked into it [cognitive dissonance, stress, and worries].” - Scott Choppin "I don't ever want to be in a position where I'm forced to sell an asset in the middle of a recession.” - Scott Choppin ------------------------------------------------------------------------ Connect with Scott through his socials: Twitter, Instagram, Facebook, and LinkedIn Learn more about the premier residential and commercial project developers, Urban Pacific Shoot Scott an email choppin@urbanpacific.com WANT TO LEARN MORE? Connect with me through LinkedIn Or send me an email sujata@luxe-cap.com Visit my website www.luxe-cap.com or my YouTube channel Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!
In this episode, Paul speaks to Scott Choppin about workforce housing. They go in-depth about Scott's background, his urban townhouse model, multi-earner households, and how housing costs and household structures have evolved in recent times.About our guest:Scott is CEO and founder of the Urban Pacific group of Companies, a Real Estate Development Company focused on the innovative UTH (Urban Town House) rental housing model, which was created by them. UTH is a construction housing model that pairs private capital with multi-generational workforce rental housing.Scott's LinkedIn: https://www.linkedin.com/in/scottchoppin/ Scott's Twitter: https://twitter.com/ScottChoppin More about Urban Pacific here: https://www.urbanpacific.com/ Book recommendations:"Antifragile: Things That Gain from Disorder" by Nassim Talebhttps://www.amazon.com/dp/0812979680/ref=cm_sw_r_tw_dp_YJY0Y6Q2E06DQ8G0CDPV“The Bitcoin Standard: The Decentralized Alternative to Central Banking” by Saifedean Ammoushttps://www.amazon.com/dp/1119473861/ref=cm_sw_r_tw_dp_S5SDZDP1ZBXF8EY5DR3Q“The Sovereign Individual: Mastering the Transition to the Information Age” by James Dale Davidson and William Rees-Mogg https://www.amazon.com/dp/0684832720/ref=cm_sw_r_tw_dp_KGQP7ECQRMDTKQ78C0HG “The Price of Tomorrow: Why Deflation is the Key to an Abundant Future” by Jeff Boothhttps://www.amazon.com/dp/1999257405/ref=cm_sw_r_tw_dp_6SFR2TG82JA8VBQZ9BSY Disclaimer: This real estate podcast is for informational and educational purposes only, and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.
Scott Choppin, founder of Urban Pacific joins the guys to discuss multifamily development on the west coast. They talk about the differences in building code requirements, costs and how Scott typically funds his projects. In addition, Scott also discusses his "Urban Town House" model and how he is targeting tertiary markets providing work force housing in and around Los Angeles building middle income, multi-generational rental housing using all private capital.
Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Scott Choppin, founder of Urban Pacific Group and a real estate developer of multigenerational urban housing for families. With over 35 years of experience, Scott has developed over 3,400 units and has successfully exited over 900 M in sales. With development becoming more popular than ever, today we will talk about the benefits of developing multigenerational housing. We will also discuss the three pillars of partnering up with a developer and talk about how to move from investing to developing. All this and much more, up next. Bullet points (01:45) Introducing Scott Choppin (02:06) Developing has become more popular than ever (03:47) Getting into development (06:25) The multigenerational workforce housing (11:20) The importance of having a ground floor bedroom and bathroom (12:20) Multigenerational living in the US vs abroad (13:44) The different types of units (16:00) The square footage (17:17) How many units are developed? (19:06) Are you expanding into other areas? (20:57) The project moving forward (24:08) Vouchers for housing (25:30) The three pillars of partnering up with a developer (27:54) Moving from investing to development: Learning from others and finding the right partner (32:29) What does financial freedom mean to you? (36:18) Housing and longevity (38:00) Where to find out more
In this special episode of the A.CRE Audio Series, we feature Scott Choppin, the CEO and founder of The Urban Pacific group of companies, a real estate development company based in Southern California. In this conversation, Spencer, Michael, and Sam consult Scott for his insights into the development side, as well as other things happening from an actual deal-doer and maker in the business. As we've tried to emphasize in this season, both strategy and action are required for a successful deal. You could have a great strategy and terrible execution. You could be a great executor and be destroyed from terrible deal-making. Without a plan, the execution falls apart. Newer people to the development business, however, often have poor execution rather than poor deal-making or deal selection. An okay deal well executed will make you money, but a brilliant deal poorly executed will get you nothing. Watch below to hear advice from seasoned CRE professionals on commercial real estate strategy and execution. Scott's LinkedIn: https://www.linkedin.com/in/scottchoppin/ Urban Pacific: https://www.urbanpacific.com/
Global Investors: Foreign Investing In US Real Estate with Charles Carillo
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. Learn More About Scott Here: The Urban Pacific Group of Companies: https://www.urbanpacific.com/ What do you want to hear/see more of and less of? What question do you always wish I would ask but I never do? Connect with the Global Investors Show, Charles Carillo, and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: schedulecharles.com/ ◾ Global Investors Web Page: https://charleskcarillo.com/global-investors-podcast/ .◾ Join Our Email Newsletter: http://bit.ly/32pehL0 ◾ Foreign Investing in US Real Estate Facebook Group: facebook.com/groups/ForeignInvestingInUSRealEstate/
Real estate development is a crucial process in the industry that creates value for the property. That's why as an investor or syndicator, there is a need to have at least an idea of the processes of development. In today's Highlight's episode, we look back at our conversations with Edward Orasi, the market director at Keller Williams in Las Vegas, and Scott Choppin, founder of The Urban Pacific Group of Companies.Edward stresses the importance of surrounding yourself with the right, well-connected and knowledgeable team. He also said that it is necessary to do thorough due diligence before proceeding with the development to ensure its efficiency both with time and money. Meanwhile, Scott shares the criteria a property should meet before they would consider getting involved. He also discusses how developers can best prepare for the downturn. Learn more about the world of development by joining us!
It will be messy. A lot of people will say no. It will be uncomfortable. But, you just have to start, and eventually providence sets in. In this episode of the Smart Real Estate Coach, Scott Choppin of Urban Pacific Communities shares how he got started as a real estate developer and what steps you can take to launch your career today, with no money. Resources: Website: http://www.urbanpacific.com/ LinkedIn: https://www.linkedin.com/company/urban-pacific-group-inc Facebook: https://www.facebook.com/scottchoppin.business Twitter: https://twitter.com/scottchoppin Instagram: https://www.instagram.com/scottchoppin/ Additional resources: Follow Chris and Zach on Club House to learn even more about deal structures and how to get 3 paydays from your real estate investments. If looking to secure some lines of credit for your business, check out Fund and Grow – Visit our Resource page at https://www.smartrealestatecoach.com/resources Schedule a FREE Strategy Call: SmartRealEstateCoach.com/action Register for our free masterclass: www.SmartRealEstateCoach.com/mastersclass Real Estate on Your Terms by Chris Prefontaine SmartRealEstateCoachPodcast.com/webinar SmartRealEstateCoachPodcast.com/ebook SmartRealEstateCoach.com/QLS Smart Real Estate Coach Podcast Sponsor: Paul G. Dion CPA, CTC
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.With over 35 years in the development business, Scott is a leader in the field, and is a regular contributor to major media outlets throughout the nation. Scott has been published in Forbes Magazine, GlobeSt.com, Los Angeles Times, Builder Magazine, Affordable Housing Finance, Affordable Housing News, and most recently, the cover and feature article about the UTH housing model in Multi-Family Executive magazine. Scott and his wife Becky have been happily married and together for 27 years, and are raising their 3 kids in Long Beach, CA - Sean Patrick 19, Dylan 16, and Jenna 13. Scott and Becky's three kids are the 4th generation of the Choppin family in Long Beach.>>>Interested in partnering with me on future opportunities? Connect with me at CanovoCapital.com.WE DISCUSS:Where he started his 35-year real estate development journey.How he started his company, Urban Pacific, 21 years ago.What he learned in the 2000 era of real estate development.He talks about the design of urban town house projects.How they construct properties in-house, without using third-party companies. What the deal structure, hold period and long-term game plan is in urban town house projects.His biggest win in his development journey.His best advice for someone starting real estate development journey.KEY QUOTE:"Do joint ventures, work with others, reduce risk and increase knowledge acquisition.""Complexity is the enemy of profits in the development cycle".CONNECT WITH OUR GUEST:www.UrbanPacific.comchoppin@urbanpacific.comCONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHARE
Max Linkedin - https://www.linkedin.com/in/max-spence/ Scott Linkedin - https://www.linkedin.com/in/scottchoppin/ What we cover - Update what has happened since the last time he was on the show - Doing a 60 Million dollar equity raise - Pension funds buying groups of single-family homes - Pros and cons of Family-owned rentals and corporate-owned rentals - Social media and reputation - Step by step through a development project - Effects of covid on development - The best way to get around upfront costs of development - Don't die on the hill - His course and coaching
Have you ever thought about building something heavily anchored on culture? In today's episode, we're going to dive into them! Scott Choppin is the CEO and Founder of The Urban Pacific Group of Companies, a company whose mission is to pursue urban infill real estate development and provide high-level real estate development strategic services to major commercial business. The Choppin Family has been in the real estate development business since 1960, including the development of the World Trade Center in Long Beach, California. Scott Choppin entered the business in 1983, working on family multifamily development projects. [00:01 - 06:57] Opening SegmentLet's get to know today's guest, Scott ChoppinScott shares his life and real estate journeyAs an Urban Infill Housing Developer[06:58 - 14:36] Multi-Generational HousingCultural Driven Housing as the RootNew Opportunities of LivingUrbanized SuburbsA Hundred Percent Tenant Retention[14:37 - 26:01] Going Deeper with the NumbersScott goes into the details of building multi-generational housingBuilding is Considering Several ThingsBuilding the Same Thing Over and Over Again“Reduced competition means reduced land prices.”Why “Not to Sell” is a Chosen Exit[26:02 - 33:47] Final Four SegmentScott's advice to aspiring investors“Build your networks around you.”How Scott stays on top of his gameContinuous Competitive LearningScott's way to make the world a better placeWorkforce Housing ModelReach out to our guest - see links below Final wordsResources MentionedApartments.comZillowTweetable Quotes“We give them a new space of possibility to live.” - Scott Choppin“Complexity is the enemy of profit.” - Scott Choppin-----------------------------------------------------------------------------Connect with Scott Choppin through: choppin@urbanpacific.com or LinkedIn. Check out www.urbanpacific.com and dive into another culture of real estate investing. Connect with me:I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. FacebookLinkedInLike, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in!Email me → sam@brickeninvestmentgroup.com
Have you ever thought about building something heavily anchored on culture? In today's episode, we're going to dive into them! Scott Choppin is the CEO and Founder of The Urban Pacific Group of Companies, a company whose mission is to pursue urban infill real estate development and provide high-level real estate development strategic services to major commercial business. The Choppin Family has been in the real estate development business since 1960, including the development of the World Trade Center in Long Beach, California. Scott Choppin entered the business in 1983, working on family multifamily development projects. [00:01 - 06:57] Opening SegmentLet's get to know today's guest, Scott ChoppinScott shares his life and real estate journeyAs an Urban Infill Housing Developer[06:58 - 14:36] Multi-Generational HousingCultural Driven Housing as the RootNew Opportunities of LivingUrbanized SuburbsA Hundred Percent Tenant Retention[14:37 - 26:01] Going Deeper with the NumbersScott goes into the details of building multi-generational housingBuilding is Considering Several ThingsBuilding the Same Thing Over and Over Again“Reduced competition means reduced land prices.”Why “Not to Sell” is a Chosen Exit[26:02 - 33:47] Final Four SegmentScott's advice to aspiring investors“Build your networks around you.”How Scott stays on top of his gameContinuous Competitive LearningScott's way to make the world a better placeWorkforce Housing ModelReach out to our guest - see links below Final wordsResources MentionedApartments.comZillowTweetable Quotes“We give them a new space of possibility to live.” - Scott Choppin“Complexity is the enemy of profit.” - Scott Choppin-----------------------------------------------------------------------------Connect with Scott Choppin through: choppin@urbanpacific.com or LinkedIn. Check out www.urbanpacific.com and dive into another culture of real estate investing. Connect with me:I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. FacebookLinkedInLike, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in!Email me → sam@brickeninvestmentgroup.com
Scott Choppin Succeeding in Real Estate Markets Where Most Others Fail With us today is a veteran real estate developer and entrepreneur. He is a third-generation Southern Californian who is making it big in a state where many real estate developers are fleeing. The wisdom he brings from success in a market where many others fail is invaluable. Whether you are new or tuning into the show for the first time, I know you'll find great value in today's program. Scott founded the Urban Pacific Group of Companies in 2000. Since then his company has brought over 1700 units of affordable housing to communities throughout the western USA. The Choppin family has been in real estate development in Long Beach since 1960, which includes highlights such as the development of the Long Beach World Trade Center and the 293-unit CityPlace residential development in downtown Long Beach. Scott is an innovator in the fields of urban housing, mixed use projects, and affordable/middle income housing communities throughout the Western United States. Main Points: Scott, while many investors are fleeing Southern CA because of the high cost of living and tightening regulations, you've found a business development that works. In fact, you customarily deliver a 29% IRR to your investors. What is your secret to success in a state where many others have fled? You do not limit your development to Southern CA but you do focus on middle-income workforce housing. Why the middle-income housing sector? What are three of the most important factors that passive investors should focus on in offering memorandums? What are the risks to passive investors investing in Urban town House (UTH) infill development? How has workforce housing faired through the pandemic? Connect with Scott: choppin@urbanpacific.com www.urbanpacific.com
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 a seasoned Real Estate developer who started when he was just 18 years old. Scott explains his insight how he mitigates risk when it comes to a development project, how they handled the 2008 market crash, and how his company has grown over time. If you are interested in getting into development, this is an episode you NEED to listen to! Scott Choppin Contact Information: Website: www.urban pacific.com/ebook Visit the link above for Scott's free E book on how to survive and thrive during a recession + and visit www.urban pacific.com for additional information!
Scott Choppin is a seasoned Real Estate developer who started when he was just 18 years old. Scott explains his insight how he mitigates risk when it comes to a development project, how they handled the 2008 market crash, and how his company has grown over time. If you are interested in getting into development, this is an episode you NEED to listen to! Scott Choppin Contact Information: Website: www.urban pacific.com/ebook Visit the link above for Scott's free E book on how to survive and thrive during a recession + and visit www.urban pacific.com for additional information!
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
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.
But if you're willing, I'd like to ask you, Scott choppin. What is the BIGGEST RISK? Scott Choppin 57:16 Yeah, no, great question. You know, like I mentioned, when we before we began the interview, like real estate development, and you could say a real estate investment really is entirely a risk mitigation, you call that minimize? So I'd say squarely in the in the middle there. Really, at the end of the day, you know, investing and development are a risk you like there require risk to be taken to produce these returns that we're describing. Right? Always the trade off. And so really where I've arrived in my career, where I am now, is to be risk mitigating everywhere we can and so like, I'm not, I'll fill in the answer some more. But, you know, there's many, many places that we've mitigate risk. But here's, here's my answer. Is it really around a philosophy and a style and approach to how you mitigate risk? And I'll give you an example what I mean. And by the way, this like this risk mitigation is a fundamental tenet of our business. In fact, I would say it's probably the most important one because we have so many different exposures to risk in so many different areas, right? market demand with tenants, interest rates with like, debt, return here six with, with investors, governmental agencies who oversee us, right? talked about California, right, that's a that's an increased risk. So when I was a young project manager, I worked for my costs. And basically, part of my job, the way I work with Mike and the way he had his project management team structures, as a project manager, you basically were responsible for the full life of a project, from finding the land all the way through to completing it and handing it over to the asset management team after his lease. Right. And that was very unusual. You know, maybe call it cradle to grave, you know, beginning to end have your describe it. So what that did is that threw me as a young project manager into, like, you didn't have to find new deals if you didn't want to, but I was, like, incredibly ambitious, to, to grow my knowledge. You know, I knew I wanted to be a developer, you know, running and forming my own company, like I knew that, you know, to have the wave, you know, since I was 18. And but what I remember was looking at land, and I had good teachers. But when I would look at stuff, it was everything, I couldn't make it work. There was no project that I looked at that I couldn't figure out or thought I couldn't figure out how to problem solve, right? There's no deal. I can't figure out the hairiest deals with environmental issues, tough neighborhoods, tough cities, whatever, right? I go, Oh, I could go in there. I could figure out a way how to do it. Right. And what I figured out dawned on me years later, is that by having that approach, I took on an incredible amount of additional risks now when I worked for the company was their risk. And of course, they were smart about it and only gave me so much, you know, rope to hang myself on a deal. But when I got out on my own, you know, I continue to learn these lessons. And now it's, in fact exactly the opposite. There's almost no deal that makes it through the underwriting, right? And I'm, in fact very fast. And we can talk to our internal teams who bring us deals, people, partners, people bring the like, I'll No, no, no, no. And why that's important is because it's a philosophy, philosophical approach to mitigating risk, meaning, acknowledgement of a risk and a willingness to mitigate it. And I'm willingness to say no, if it's unmitigated, right, that's up for us, there's some risk that can't be transferred. Right, the construction risk, under a personal guarantee to a lender is not, I can't shift it to anybody else. In fact, it's funny, in the old days, we was used third party GC is right to construct our buildings. And then in 2005, the market was really peaking and we had a hard time getting GCS. And we brought all of our construction operations in house, like our project managers are superintendents, they'll work for us, you know, we were the, you know, became the default builder, if you will. And I remember a headhunter does to you don't do that, you have to shift the risk to the GC. And this is what I told them. I said, at the end of the day, I hired the GC as the developer and I give the bank a personal guarantee, I sit in between those two people, or those two companies. And if the GC screws it up, I still own the risk. I mean, it may look like I shifted it to him. And contractually, I did shift the obligations of building a building. But if he screwed up enough, or in the, you know, time or money, like it's gonna flow back to me. So where I told this headhunters I go, look, yes, I'm bringing some of these risks in house, but it also allows me to control and get direct access to the field, to the subcontractors to the owners of the subcontractors, because the GC that sat in between me, he had his own agenda, he had his own profit to increase, he had his own stories that he told the subs, you know, and, you know, sometimes that was good, but if the person didn't have good ethics, or they were trying to, you know, manipulate which people do in that business, I mean, all business suppose, I found it to be incredibly like it was I took on more risk that I could then not even control, or I had to, like, go through people to try to control it. And of course, when they have their own agenda, they're not gonna let me control it if it's against their agenda. So this is a way for us to can control really minimize that risk, we still took on risk. But by having that direct access, we minimize that. So if you take that story, and then you apply it to every possible facet of the real estate development process, at every time we underwrite, every time we buy land, we build the building, we rent units, we're looking to constantly always look at it from the standpoint of what if this fails, what if the spread doesn't achieve what we think it's going to achieve? Maybe we better look at it at a lower rate to be more comfortable that we've mitigated that risk. And why save that way is because people who are entrepreneurs are naturally risk takers. And you're, in most cases, your own worst enemy. And that, you know, in other words, you're a risk taker, you're built to take risks, and you do take risks, then the job becomes how to take risks that don't blow you up. And that's your own learning. That's, in fact, networks of people around me that I use that my teams internally, like, I encourage people like, dude, you got to tell me, no, more of the famous saying, I'm as I'm a great problem solver, I cannot solve a problem I don't know about, bring me all the problems, don't hide anything, don't cover it up or try to mean you know, if I can help solve, you solve a great, I'll do that. But I want everything fleshed out. Because you know, when you then get all the full picture, it's then I mean, my job, our job as a company is to problem solve and mitigate risk. And we do that 1000s of 1000 times in a deal to every day, you know, over you know, the two or three year lifecycle of that development project. So I know that was a really long and winded answer, but it's really like, it's like having a mental model of how you approach risk and you do it, you know, every day in your business, you know, as you know, your insurance and underwriting risk. But I would always advise, particularly people who are coming new into the business to like, you know, hear these words. And you know, a lot of times go here and they go, Well, I'm different, I can do better. I'm a better problem solver than these guys. And that's fine. But like know that that risk doesn't go away just because you think that way. In fact, arguably you increase your risk because there's stuff you don't see. You can't admit to yourself that you have blind spots and need help from others to go dude, you miss that thing. Better watch out for that right and, you know, got all kinds of betters around me that you know, I'm like, dude, tell me like, donate it. You know, I don't like bad news. I don't like surprises. But you know, what I like worse is, you know, bad news and surprises that now I'm late to the game on.
In 2000, Scott Choppin founded The Urban Pacific Group of Companies 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. Scott is a leader in the field and is a regular contributor to major media outlets throughout the nation. Scott has been published in Forbes Magazine, GlobeSt.com, Los Angeles Times, Builder Magazine, Affordable Housing Finance, Affordable Housing News, and most recently, the cover and feature article about the UTH housing model in Multi-Family Executive magazine. (00:00 - 2:18) Opening Segment - Introduction of the host into the show - Alpesh introduces the guest of the show, Scott - Scott shares something interesting about himself (2:18 - 32:48) How to Develop Workforce Housing - Scott's first real estate investment - What is workforce housing/blue-collar housing - Multi generationally housing -Selling the entire portfolio or townhouses - What's the rental range for properties or townhouses - Historical and cultural housing arrangement across the world - How do you underwrite a workforce housing development - Process of choosing a market or neighborhood and starting development - Strategy as a developer - Challenges permits and Approvals processes for development in a state, city, or country - What's the typical timeline from start to finish in construction - About holding assets (32:48 - 33:14) Break (33:14 - 33:30) Second Segment - Welcoming listeners and guest back to the show (33:30 - 41:50) Fire Round - Will Scott change the business strategy after Coronavirus? – Scott’s favorite real estate, finance, or other related books – Tool or website Scott recommends – Scott’s advice to beginner investors – How does Scott give back? – How can Wealth Matters Podcast listeners reach out to Scott? (41:50 - 42:31) Closing Segment If you want to learn more about the discussion, you can watch the podcast on Wealth Matter’s YouTube channel and you can reach out to Alpesh using this link Facebook: @wealthmatrs IG: @wealthmatrs.ig Tiktok: @wealthmatrs
With Scott we dive into infill development of a particular product: workforce housing for multigenerational households. Scott explains us why the developer is like the conductor of an orchestra. An episode filled with insights about real estate development for those who are interested in that field.
The first installment of a podcast that focuses on all aspects of Multi-family investment, ownership and management. Today's guest is Scott Choppin, owner and founder of Urban Pacific, a developer of apartment complexes in Southern California
placemakingpodcast@gmail.com Facebook-f Twitter Linkedin Instagram Finding Success in the Development of Workforce Housing with Scott Choppin – Ep. 45 About the Guest I am extremely excited to share this next conversation with all of you. There is tons of gold in this episode, I can promise you that. Scott Choppin is the Founder of the Urban Pacific Group of Companies. 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. Needless to say, Scott has tons of practical experience in the real estate development field. 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. In this episode, we are going to discuss founding Urban Pacific, the attributes of successful developments and how they can impact the surrounding neighborhoods and towns, and how developers can potentially make the leap from working with a firm to owning their own development firm. There is loads of great information in this episode and I greatly appreciated Scott for taking the time out of his extremely busy schedule to discuss this topic of workforce housing development with me. As always, if you have enjoyed the show, please subscribe to the show and share it with your friends in the industry. There will be more exciting conversations on the shows to come. Main Take-Away's From This Show This was another interesting episode to record. I thoroughly enjoyed Scott candidly sharing his story behind founding Urban Pacific and the various revelations he came across on his journey. This was a really interesting look at not only the economic benefits of workforce housing but the potential societal impacts that such developments bring to the surrounding communities. There were so many great talking points that Scott shared throughout the discussion, so it is hard to just pick three for my main take-away's this week. The following main topics of the show come from an understanding of workforce housing and real estate development that Scott possesses. 1. If you want to launch into your own real estate development firm, it might be best to work for a firm and build a large network before doing so. 2. There are many traits that make Workforce Housing desirable for development. 3. Building Trust is absolutely necessary in the Real Estate Development Industry. As always, I will dig into each of these “take-away's” every week on the blog. So, without further a due, here we go! If you want to launch into your own real estate development firm, it might be best to work for a firm and build a large network before doing so. As mentioned previously,
This show is for anyone looking to become a successful real estate developer here in California. "People are the same early as they are late and small as they are big." - Scott ChoppinWe had a great conversation on what it takes to become a real estate developer. How to get in the game. How to work towards your goals in a strategic manner. The number of calculated steps Scott has taken to get to where he is at is mind-blowing. Scott's shares his thoughts on Cradle to grave project management, Scott also shares how he has personally bought a patch of land and is building a few townhomes with a built-in Junior Accessory Dwelling Unit (JADU) in his hometown of Long Beach, CA.Scott Choppin is the Founder of Urban Pacific, a real estate development company out of Long Beach, California. With 35-plus years of experience in the business, Scott has led the development of nearly 1,700 units throughout the Western United States. He is also responsible for a recent innovation known as Urban Town House, a middle-income, multigenerational housing product that serves urban families in California. Scott's work has been featured in Forbes, The Los Angeles Times and Builder Magazine, among many other media publications.On this episode of The ADU Show, Scott joins me to explain how he got his start, describing the wide range of skills and knowledge he has picked up over the years. He discusses how he leveraged joint venture partnerships in the early days of Urban Pacific, what the company is doing to mitigate risk in a recession, and why he is optimistic about the current circumstances. Listen in for Scott's insight and learn how YOU can get into the Real Estate Development game.Links mentioned:Past Blog: in/6 ways to build your RE development career.https://www.linkedin.com/pulse/6-ways-build-career-real-estate-development-business-scott-choppinhttps://www.linkedin.com/pulse/why-workforce-housing-safe-stable-long-term-scott-choppinMichael Blank -Syndicator - Apartment sponsor - Highly recommended. https://themichaelblank.com/Full Show notes Available at theadushow.com/podcast.
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.
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
On this episode, we're talking innovations in workforce and urban housing with Scott Choppin Founder & CEO of Urban Pacific Group!Watch at youtube.matthewma.com !Scott Choppin is the Founder and CEO of Urban Pacific group and has been at the forefront of innovative housing solutions for over 20 years. Scott oversees all operations at Urban Pacific including business development, capital acquisition, and strategic planning. With 9 family offices, 3,400+ units developed, and $900M in projects exited, Scott has built a legacy of trendsetting, transparency, and wealth building at Urban Pacific. Reach out to Scott Choppin at choppin@urbanpacific.com.Connect:Facebook: https://www.facebook.com/ScottKChoppinInstagram: https://www.instagram.com/scottchoppin/LinkedIn: https://www.linkedin.com/in/scottchoppin/Twitter: @ScottChoppinWebsite: https://www.urbanpacific.com/Leave a review on iTunes and let me know what you think!Host: Matthew MaMatthew Ma is an Investor, Syndicator, Founder, Coach, and Podcast Host. He's a Broker Associate with eXp Realty and strives to help agents grow their business with proven, effective methods learned from experience. Through his podcast, The Truth About Real Estate, and Avant University, he educates buyers, sellers, investors, and real estate agents on the current state of the market, how to use innovations in technology, sales, and marketing to build a scalable business. As an investor and syndicator with Avant Asset Management, he's dedicated to client success by building wealth through investments in apartment building syndications. Reach out to Matthew Ma at Matt@MatthewMa.com.
In this episode, Joe talks with the CEO and Founder of The Urban Pacific Group, Scott Choppin! Scott has 35+ years experience in the world of real estate and has been featured in Forbes, the LA Times, Builder Magazine, and many other real estate development publications. During their conversation they touch on... - The unique way Scott has built his company by providing housing specifically for middle class families called "Urban Townhome" - They breakdown what makes it so advantageous for him as well as the families moving into them - Scott breaks down why he tries to keep these projects as simple and as close to the original model as possible - The state of incorparating solar panels into projects and what the future holds for it in real estate development - In the near future he wants to own over 5,000 units with an additional 500 units a year in SoCal as well as expanding up and down the coast - Finally, Scott touches on leaving a legacy for his 3 kids and building his portfolio for them To contact Scott... Email him at choppin@urbanpacific.com to get his latest E-Book for free! Go to urbanpacific.com to find Urban Townhome deals and break downs as well as plenty of training and video materials. To contact Joe... joeevangelisti.com facebook.com/joeevangelistidotcom IG: @joeevangelistidotcom
Imagine spending $100 MILLION DOLLARS on a project with uncertainty you'll ever make your money back. Welcome to the world of real estate development. My next guest has been a real estate developer for over 20 years. This industry is most definitely not for the faint of heart. From the outside looking in, the risk to reward ratio is far off balance and would cause most people to pass out from sheer anxiety. He started his career on the front line as an electrician. He then went to school to learn the entire real estate development process. Thereafter he worked for several developers as a project manager learning what he would call the entire “cradle to grave” lifecycle. Then at age 32 he branched away and started his own company and now today his speciality is residential properties. If you want to get an idea of what real estate development looks like, this episode is for you. Please welcome Scott Choppin. Website: https://www.urbanpacific.com LinkedIn: Scott Choppin Instagram: @scottchoppin Facebook: https://www.facebook.com/scottchoppin.business Twitter: @ScottChoppin
In this episode, I speak with Scott a California-based real estate developer. Scott is the CEO of The Urban Pacific Group of Companies they have developed more than 3,400+ units and have exited $900 million worth of projects We talk about: - Scotts family history in real estate and how he got into it - How someone new can get into real estate development - Resources he has made for new real estate investors - What type of real estate Scott develops and why - How has Covid effected the Multifamily market Find out more about Scott here - Website - https://www.urbanpacific.com LinkedIn - https://www.linkedin.com/in/scottchoppin/ Facebook - https://www.facebook.com/scottchoppin.business Instagram - https://www.instagram.com/scottchoppin/?hl=en Twitter - https://twitter.com/ScottChoppin?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Scott Choppin is the founder of the Urban Pacific Group of Companies, a Long Beach, CA based real estate development company, founded in 2000, that focuses exclusively on urban infill and affordable housing communities throughout California and the western US. Over the last 18 years, the company has developed nearly 1,700 units of unique to market urban housing communities throughout the Western United States. Presently, Urban Pacific has created a new housing innovation called UTH, which provides middle income multigenerational housing to urban families, while producing market superior yields on invested equity. Historically, Urban Pacific's UTH projects have delivered 29% IRR yields on equity. As well as real estate development, the company provides project and development services to major commercial businesses across the nation through its subsidiary, Urban Pacific Realty Advisors. The Choppin family has been in real estate development in Long Beach since 1960, which includes highlights such as the development of the Long Beach World Trade Center and the 293unit CityPlace residential development in downtown Long Beach. Scott is an innovator in the fields of urban housing, mixed use projects, and affordable/middle income housing communities throughout the Western United States. Scott is responsible for the production of a recent housing innovation called UTH Urban Town House. UTH is a new middleincome multigenerational housing product which utilizes private equity to develop moderateincome multigenerational housing for urban families in California. Since inception, Urban Pacific has produced IRR's over 29% on UTH projects. On behalf of its' project and development services team Urban Pacific Realty Advisors Scott was responsible for the client acquisition of the San Pedro Fish Market Company, the 11th largest restaurant company in the United States, and largest by seating in California. UPRA presently represents SPFM in their anchor tenant role for the San Pedro waterfront redevelopment of the Ports O'Call project, as well as, a major waterfront redevelopment project on Alamitos Bay in Long Beach, CA With over 35 years in the development business, Scott is a leader in the field, and has been a speaker at the International Builders Show, the Pacific Coast Builders Conference, SoCal BIA's BIS Show. As well, Scott is a published author in the real estate development field, and is a regular contributor to major media outlets throughout the nation. Scott has been published or quoted in Forbes Magazine, Los Angeles Times, Long Beach PressTelegram, GlobeStreet, Builder Magazine, Affordable Housing Finance, Affordable Housing News, and most recently, the cover and feature article in MultiFamily Executive magazine. Scott and his wife Becky, have been happily married and together for 25 years, and are raising their 3 kids in Long Beach, CA Sean Patrick 18, Dylan, 15, and Jenna 12. Scott and Becky's three kids are the 4th generation of the Choppin family in Long Beach. Connect with Scott The Urban Pacific Group of Companies Social Media Connections for Scott Twitter LinkedIn Facebook Instagram ___________________________________ Want to appear on our podcast? Contact Us Learn how you can passively put your hard earned money to work for you through multifamily syndication: Steed Talker Capital Connect with Us: Facebook Twitter Linkedin Instagram Youtube
On today's show we sit down with Scott Chopping with Urban Pacific. We discuss the dynamics within the workforce housing industry and what it takes to be successful in that asset class. 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.
In this episode of The Real Build, I got the opportunity to sit down with top real estate developer Scott Choppin out of Long Beach, California. Scott is the Founder of the Urban Pacific Group and oversees all operations of the Urban Pacific family of companies, including business development, capital acquisition, and strategic planning. Scott and I talked about how someone can get started in multi-family development and how he runs his business. Scott's business model is unique in that he builds multi-family units that can house up to a family of 10 people. This allows people to pay the rents individually as a family and makes the housing more affordable in middle-class areas. What Scott is doing in multi-family development is impressive, and you don't see its concept in many other areas. If you are a multi-family investor or thinking about getting into it, you will want to listen to this episode! Scott Choppin: https://www.instagram.com/scottchoppin/ Website: The Urban Pacific Group of Companies - Workforce Housing Real Estate Development Follow me Instagram: https://www.instagram.com/imbillreiman/ Email: Bill@rkreiman.com CONNECT WITH ME ON SOCIAL MEDIA: ▶︎ YOUTUBE | https://www.youtube.com/channel/UCxAdSxHN0dIXZPhA-6p1HYA ▶︎ INSTAGRAM | https://www.instagram.com/imbillreiman ▶︎FACEBOOK| https://www.facebook.com/billy.reiman ▶︎ LINKEDIN | https://www.linkedin.com/in/bill-reim... ▶︎ TWITTER | https://twitter.com/ImBillReiman ▶︎ WEBSITE | https://www.rkreiman.com
Scott Choppin is the founder of the Urban Pacific. www.urbanpacific.com Founded in 2000, Urban Pacific based in Long Beach, CA is a real estate development company that focuses on 5 bed/4 bath combined income housing on urban infill. This affordable housing concept is currently being developed in California and the western US.The company has developed 1,700 since their inception. Their concept is called UTH (Urban Town House). UTH provides combined income multigenerational housing to urban families. The model has provided IRR's of 29.9% historically. Learn more about your ad choices. Visit megaphone.fm/adchoices
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. Courtesy and credit: https://www.urbanpacific.com/about/ About Joe: Mr. Mendoza has a long track record of success. 100's of millions of dollars of real estate transactions. Hundreds of people mentored, coached, and trained. He's been on television, radio, and multiple publications. Are you looking for a trusted advisor in real estate? Perhaps help to get to the next level in business or life? Joe is the MAN! Looking for a new broker, real estate company, brokerage? Join me and EXP Realty now! We are in ALL 50 states, Canada, Australia, and United Kingdom (UK) http://becomearepro.com/ Add "Joe Mendoza" is my sponsor. Buying, selling, or investing? https://www.homesnap.com/joe-mendoza Find Deals! http://findhiddendeals.com/ Connect with Joe: http://joemendoza.com/ Follow Joe on Instagram: https://www.instagram.com/coachjoemendoza Keep watching, subscribe, or reach out to Mr. Mendoza today for a private consultation, training, or speaking engagements. Joe Mendoza - California DRE #01234540 Top Real Estate Pro, Coach, Investor, and Speaker 100 E. San Marcos Boulevard, Suite 400 San Marcos, CA 92069 Office (877) 794-5227 --- Support this podcast: https://anchor.fm/therealestaterawshow/support
Scott Choppin is the founder and CEO of the Urban Pacific group of companies. Urban Pacific develops multifamily workforce housing. Scott founded Urban Pacific over 20 years ago and has developed over 3,400 units with $900MM+ in exits. He has expanded and contracted the business over the years through market cycles and has changed his strategy along the way.https://www.urbanpacific.com/In today's episode, we discuss:Building a trustworthy team and a reputation of professionalismManaging budgets and timelinesIntentionally starting small to perfect systems and processes and avoid riskRecession resistance and actively monitoring the marketTo learn more about the Staying Power Collective, a group for aspiring and current virtual firm owners on a mission to grow their firms, visit https://www.stayingpowercollective.com/ To read the show notes, guest contact information, and impactful quotes, visithttps://www.stayingpowercollective.com/blog
In this podcast, you'll learn: Is it important that you choose a great partner or a mentor for you What is CHFA? There's so much demand for affordable housing now What is an Oversubscription? What is Multifamily New Construction Asset Class? Urban Town House (UTH) is a three story on grade town home rental product. The modular systems still don't deliver the cost efficiency that you can provide, using a loyal long term subcontractor base combined with a very efficient build plan Corona virus causing the prices drop 20-30% in modular housing Build through a recession Be very cautious in doing Rent Underwriting in times of economic downturn What is an Economic Sharing Model? What is Cash on Cash? What is a time weighted calculation? Go out and read articles on what IRI is and how it is calculated Build your own model To connect with Scott, please visit https://www.urbanpacific.com/ Sponsor: FREE GIVEAWAY: Learn how you can implement the Fix & List strategy by watching Eric Young's free video lesson at (https://www.fixandlistsecrets.com) *And please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (Creative Real Estate Podcast Review)
Watch the video recording of this show, See the highlight videos Gain access to online real estate syndication resources ACCESS THE SHOWNOTES PAGE BY CLICKING HERE.
The Real Estate CPA podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax dvice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests. Always consult your own tax, legal, and accounting advisors before engaging in any transaction. -- In this episode, we speak with Scott Choppin to discuss several topics including why Urban Pacific focuses on developing workforce housing, the benefits of developing vs. the value-add strategy, what makes Urban Pacific's development process unique, recognizing competitive advantages, low-income housing tax credits, and much more. Learn more about Scott and Urban Pacific: www.urbanpacific.com For more education about optimizing your tax position, use this guide as a resource for just about every topic that applies to you as a real estate investor: www.therealestatecpa.com/the-ultimate…te-investors To sign up for our Virtual Workshops visit: www.therealestatecpa.com/virtual-workshop/ Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Like us on Facebook www.facebook.com/realestatecpa/
Today on the show we hear from Scott Choppin, a real estate developer of highly undersupplied multigenerational urban housing for families. He starts off with an explanation of the niche they specialize in, giving us all the reasons why they choose to focus on these urban properties. You will find out how the new development model they use over at his company, Urban Specific, differs from the value-add model, and which type of investor is best.
Click Here To Listen/Download Full Episode of the Podcast Scott Choppin is the founder of the Urban Pacific Group of Companies, a Long Beach, CA based real estate development Company, founded in 2000, that focuses exclusively on urban infill and affordable housing communities throughout California and the western US. Over the last 18 years, the company has developed nearly 1,700 units of unique to market urban housing communities throughout the Western United States. Presently, Urban Pacific has created a new housing innovation called UTH, which provides middle income multigenerational housing to urban families, while producing market superior yields on invested equity. Historically, Urban Pacific's UTH projects have delivered 29% IRR yields on equity. As well as real estate development, the company provides project and development services to major commercial businesses across the nation through its subsidiary, Urban Pacific Realty Advisors. The Choppin family has been in real estate development in Long Beach since 1960, which includes highlights such as the development of the Long Beach World Trade Center and the 293unit CityPlace residential development in downtown Long Beach. Scott is an innovator in the fields of urban housing, mixed use projects, and affordable/middle income housing communities throughout the Western United States. Scott is responsible for the production of a recent housing innovation called UTH Urban Town House. UTH is a new middle income multigenerational housing product which utilizes private equity to develop moderate income multigenerational housing for urban families in California. Since inception, Urban Pacific has produced IRR's over 29% on UTH projects. On behalf of its' project and development services team Urban Pacific Realty Advisors Scott was responsible for the client acquisition of the San Pedro Fish Market Company, the 11th largest restaurant company in the United States, and largest by seating in California. UPRA presently represents SPFM in their anchor tenant role for the San Pedro waterfront redevelopment of the Ports O'Call project, as well as, a major waterfront redevelopment project on Alamitos Bay in Long Beach, CA Scott and his wife Becky, have been happily married and together for 25 years, and are raising their 3 kids in Long Beach, CA Sean Patrick 18, Dylan, 15, and Jenna 12. Scott and Becky's three kids are the 4th generation of the Choppin family in Long Beach. For more on Scott: choppin@urbanpacific.com https://www.urbanpacific.com/ https://twitter.com/ScottChoppin https://www.linkedin.com/in/scottchoppin/ https://www.facebook.com/scottchoppin.business/ https://www.instagram.com/scott_choppin/ ------------------------------------------ Investing for Lifestyle and Legacy: https://lnkd.in/gmu8-BR For Those Who Are Serious About Buying Large Multifamily: https://lnkd.in/g__DBpu ------------------------------------------ Our Sponsor: Multifamily Foundation Workshop This is going to be an awesome event! Investing for Lifestyle and Legacy: https://lnkd.in/gmu8-BR For Those Who Are Serious About Buying Large Multifamily: https://lnkd.in/g__DBpu ------------------------------------------- Subscribe To Us On YouTube: https://www.youtube.com/channel/UC1SuXB01d14DC8ZnEWpRQdQ?sub_confirmation=1 Subscribe To Us on #Libsyn: https://thereifoundation.libsyn.com/ Rate This on iTunes : https://apple.co/2Xp8cjU Podcast on YouTube: https://youtu.be/z44tknIioO8 See acast.com/privacy for privacy and opt-out information.
Scott Choppin, Founder of Urban Pacific, joins us to discuss developing multigenerational urban housing, investor education, value add vs. new development, and much more. Connect with Scott at https://www.urbanpacific.com/
© 2020-2025 Ivy Podcast Discovery LLC
