Scott Choppin has developed rental housing in California for 21 years, and his message is that you win by making fewer mistakes than the next operator, not by being braver. On this episode, host Abel Pacheco and Scott talk about workforce housing and the leverage that keeps you out of trouble.
In this episode:
- The rule: "It's whoever makes the least mistakes wins and produces the most profits."
- His method is leverage, not genius: "use people, mentors, internships, joint ventures. Have other people's mistakes inform how you do things and you don't have to pay for 'em yourself."
- Why going solo is a trap: "lone ranger's a weak position to be in, the weakest configuration that exists."
- The math of partnership: "100% of zero is worse than 20% of 100." Take the smaller slice and keep more than the operator who owns all of nothing.
- Abel's version: the Cutco office he ran for free as a kid was the cheapest education he ever bought.
Abel Pacheco is a San Antonio real estate operator who went from 8 single family houses to a share of roughly 1,500 apartment doors, and now works as a fractional Chief AI Officer helping small and mid sized businesses put the back office on autopilot.
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