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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! 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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.
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.
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/
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
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
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
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.
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.
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
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
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.
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
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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/
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/
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