Feb 8, 2022

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

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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

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Or send me an email sujata@luxe-cap.com

Visit my website www.luxe-cap.com or my YouTube channel

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