Ep 134 - How Spirituality & Presence Drive Business Success with Vinki Loomba

Today, we have a wonderful guest on Elevate Your Equity Podcast, Vinki Loomba - a successful entrepreneur and strategist with a background in commercial real estate, information technology, and academia. On the show, she shared how spirituality, presence, and mindset can help you win business deals and create a successful business.

More topics discussed:
• Leveraging her W-2 skills in her real estate investing career
• One thing she wished to advise herself if she went back in time 10 years ago

More about Vinki, she is an expert in strategic planning & management with a strong ability to connect the dots. She is the founder of Loomba Investment Group and loves to help people find their financial freedom. Today, she has a stake in multiple syndications and she has completed two full cycles this year. She is also a philanthropist and supports a nonprofit organization dedicated to empowering women and children to break the cycle of poverty.

Connect with Vinki on LinkedIn and learn more about her business at Loomba Investment Group https://loombainvest.com/.

Thanks a bunch Vinki Loomba for coming on the show!

Unlock 3+1 degrees of freedom (time, location, financial + health) with our 5-Point Blueprint! https://elevateequity.org/podcastgift

If you really enjoyed this content and are looking for more, you can continue to learn more about us in several different places for free!

• on our website for blogs & other podcast interviews! elevateequity.org
• our YouTube channel! youtube.com/channel/derekclifford
• our book/audiobook! amazon.com/dp/ebook

If you'd like to have a FREE copy of our 7 Ways Commercial Real Estate Syndications Protect and Build Wealth, simply click the link below. We are here and vested in your long-term success! elevateequity.org/7waysEbook

Unlock 3+1 degrees of freedom (time, location, financial + health) with our 5-Point Blueprint! https://elevateequity.org/podcastgift

If you really enjoyed this content and are looking for more, you can continue to learn more about us in several different places for free!

• on our website for blogs & other podcast interviews! elevateequity.org
• our YouTube channel! youtube.com/channel/derekclifford
• our book/audiobook! amazon.com/dp/ebook

If you'd like to have a FREE copy of our 7 Ways Commercial Real Estate Syndications Protect and Build Wealth, simply click the link below. We are here and vested in your long-term success! elevateequity.org/7waysEbook

Transcript

Introduction: 0:03

Welcome to the Elevate Your Equity podcast where we, as married busy professionals, leverage real estate investing to unlock the three plus one degrees of freedom, health, location, time and financial.

Derek Clifford: 0:16

Today I am joined by Miss Vicky Loomba. Thank you. How are you today?

Vinki Loomba: 0:21

I'm doing really well. Thanks.

Derek Clifford: 0:22

So awesome. It is an honor to have you on our podcast and thank you for your time today. And for those who don't know about Viki, she is a successful entrepreneur and strategist with background in commercial real estate information technology and in academia. She's an expert in strategic planning and management with a strong ability to connect the dots. She's the founder of Loomba Investment Group, and loves to help people find their financial freedom. Today, she has a stake in multiple syndications. And she's completed two full cycles this year in 2022, which is awesome for so we'll probably have to touch on that. She's also a philanthropist and supports a nonprofit organization dedicated to empowering women and children to break the cycle of poverty. very honorable and noble causes. Thank you, Vicki. How are you today?

Vinki Loomba: 1:10

I'm doing really well, Derek, and thanks for having me on your show. I'm super excited to be here today with you.

Derek Clifford: 1:16

Absolutely. I love coming on your show and talking about mindset. I was super jazzed for like a couple of days after we did our podcast. So I'm really hoping that we'll be able to bring that same energy and an excitement here for this one. And I'm sure that we will. So let's let's go ahead and start at the beginning. Vicki, how did you first get started investing in real estate? Like, can you tell us where that one spark that one moment where you're like, oh, my gosh, I've got to invest in real estate came from? Oh, yeah, sure.

Vinki Loomba: 1:46

If you know that I come from an IT background. Being in it. My husband was in it as well. He was IT manager same with me. And when we bought our second home, both of us because we could afford the first one not a salad but rented. So when we ran our first home, we realized there's a passive income flow. So we thought, Oh, we figured out, let's do it. Let's multiply it. And we started doing that. But after a while, we realized that's too much with two w two jobs and two young kids. So we put it in the back burner. So long story short, I came back to it part three, four years back, I just stepped back into real estate and started investing because NLP and now I'm part of multiple deals as a GP.

Derek Clifford: 2:33

That's awesome. Now when let's back up to the time where you said that you and your husband were kind of doing this together? Can you remember back when you first were introduced with real estate? What was it that about real estate that allowed you guys to get your first investment going? All those years ago,

Vinki Loomba: 2:50

That was the passive income stream. Because we didn't know nothing about real estate we were just like totally IT people just going to work corporate people didn't know anything other than that, and didn't even even appear attention to anything else. It just came by luck. You can see your by chance. What happened was we're looking to buy a bigger house, we had two young kids over about two or three bedroom, two bath. And we wanted to just go to a little bit, you know, bigger house and we bought our second house that was five bedrooms, and three, four bathrooms. We thought okay, this is good enough for us. We move there. And then my husband says we don't need to sell her right now because we wanted to do like you know, 1031 exchange because we're going to make some money on that. And then he said, Let's not do it right now, because I do not have the bandwidth. I do not have the time. Let's put it on rent. So we're on rent. So what we realized that, okay, we have a passive income stream, we have some money coming every month. So that was like, Whoa, this is really good. Let's take the equity out. And let's buy more. So we started buying duplexes, and we did that multiple times. And then I thought, Oh, my God, this is the best thing to do our and we got my realtor license. I got my realtor license. I'm like, okay, I can do this as my side hustle with my corporate job. And all you know, on the weekends, I can just go sell homes. But then later I realized that I wanted to sell homes. Maybe I wanted to sell businesses because you were making 10% commission in the businesses. So I started selling businesses. But what happened was, when I was trying to do my w two job and selling the businesses, it was like way too much plus two young kids plus two full time jobs Lada traveling, and one day when I just came home from a travel and my husband was ready to leave his bags were packed and he's like, You know what, we need to talk I only have two minutes but I wanted to tell you one thing you can do only one thing. Either you can do your real estate or you can keep your corporate job. But you know, not knowing the power of real estate at that time. I picked a corporate job or my real estate career, because I thought That was just like more refined white collar thing and kind of just sort of like ideal from my, you know, at that stage of my life. And later on, I realized, oh, my god, that was the wrong choice maybe at that time.

Derek Clifford: 5:15

Yeah, well, you know, I mean, hindsight is always 2020. I think that we take away some stuff from our web jobs that we just aren't, you know, help us get ready for when we are ready to hit the hit the ground running, you never know how it would have worked out if you if you had gotten into real estate back then. But what I found, what I found really interesting was the fact that it sounds like your husband had a vocabulary in real estate and because he was kind of like helping to do all this. And I just love the fact that you guys were like, well, let's take the old house, and let's just rent it out. That is a huge decision that most people would not take lightly. I mean, you gotta become a landlord. Sometimes you're doing the property management or someone, someone, you have to hire someone. And so do you know where he got his knowledge from? I'm just curious. Now, at this point.

Vinki Loomba: 6:03

Yeah, I think our friends are called, because a lot of times, they were doing the real estate, they were just, you can say, the landlords and we used to kid with them all the time, like you're the slum landlords, you know, we're just buying the smaller homes and renting that. But we didn't know the power of passive income flow at that time, you know, just being operators and different mindset. And we did everything. I think that's the wrong thing, me and my husband. And that's how we got gunned down, we knew about it a little bit from our friends that they are doing it, we can do it too, since we can afford our second home, we can put the first one on renter was the first realization. And once we did that, after that we started multiplying, but the only wrong thing that we did was we did not hire any property manager. We were just doing it everything ourselves because we hired because we saw our friends doing it with her, we can do the same thing. We had couple people, you know, we hired them, and they used to go fix any like kind of fixer kind of thing, you know, small things. And then my husband, he thought, Okay, I'm gonna tell my tenants, you know, up to $100, I'm gonna reimburse to them, they can just get it fixed themselves. But after that, and when you multiply, that's too much, you know, when you have multiple rentals is hard to manage. And that's what we got into at one point. And then we stepped into business side because I was selling the retail businesses. So we started, okay, that's a good area to invest as well or buy some businesses ourselves. So that's what we did. We got into the liquor stores. But then at the time, I think we needed somebody, like on the property management side, but not having the proper knowledge, like how to manage the whole thing. We decided, okay, let's put this on the backburner. Let's just reduce our footprint. And let's not do it for very long, we'll come back to it some someday. And that's what exactly happened when I left my w two job five years ago, I thought, I'm kind of retired now. I'm, I'm not sure if I wanted to work anymore. Because I did my share of us in the corporate world for 22 years. I asked my husband, would you like me to work at this point? And he was like, No, it's up to you. I don't really care. I think we are the gold star right now. And but what happened then we started traveling. And one day when we came back from Egypt, I woke up with a strong feeling like three o'clock 330 In the morning, that if I die right now, I did not do anything in this world other than, you know, supporting my family or making money or just doing everything for my family. So maybe this is my time to give back. Even though we do not need anything. Maybe we should, you know, put ourselves in a position to help others. Maybe I should start working. But I didn't want to go back to the corporate world. So I pick real estate again. And this time, I wanted to go into merger and acquisitions. I literally got my real estate license, reinstated. Within a week, I had to take the test again, because I let it expire on me. I took that test, I got a real estate it then I was looking how to break into merger and acquisitions because I thought that's gonna be the best part for me, you know, having the knowledge of the corporate world and went through so many mergers during my tenure. And I was looking at LinkedIn, I was checking, you know, who can help me who's already in that space. And then I ran into somebody's profile that shred 400 million assets under management. I'm like, wow, this guy used to work with me. Oh, well happened within a couple years. So I called him like, Hey, what's going on? How did that happen? Then he told me the power of multifamily investing. Boom, I wanted to do that too. So that's kind of you know, end of story or lost all his history and I'm here today I'm really enjoying the space.

Derek Clifford: 9:50

Yeah, absolutely. And I would say to that you're doing very very well at it and your your success has gone up like a rocket ship since I first met you in Vinnies syndication group. Group, which is, by the way, for folks out there, I highly recommend you look into him. He's got a lot of great knowledge to share and just a great person in general as a mentor and individual. But you know, I love the story of this inflection point, right? Where you just you sat back and you said, you know, if I was to, if I was to die right now, I there's still work to be done. Where do you think that came from? Like, where, you know, I know that you you had a life of being busy with a bunch of kids at home, and you're trying to do all these multiple things at one time. And it was too much at one point, and then, you know, life started changing. But can you talk us through how your mindset evolved to that to where you got to that inflection point to lead you to this rocket ship right now?

Vinki Loomba: 10:47

Actually, there is a story behind it too. So I'm gonna share that story as well. So I'm from a background, I'm a very spiritual background, because I'm from India. So we grew up with some spiritualism, some essence of religion, everything is involved in there. So that's kind of inbuilt in my DNA. But I think I was not working my full potential. I'm gonna say that whether working in the corporate world because you kind of pigeonhole yourself, you have a corporate background as well. So not all the time, you're using your full 100% potential. But I always wanted to do something else as a reason. We were just doing the rentals and our businesses, you know, aside from our primary job, but in 2012, or 2010, I think not well, 2010, a very kind of awakening experience happen. We just came back from India, and I got really sick. I went to the doctor and then they found out that I have acute liver damage. I was hospitalized. A was in UCSF for 10 days. And they told me I need a liver transplant. So they got all the paperwork, everything ready for me. And they before the transplant, they were going to do a biopsy. So the day I was gonna get the biopsy that early morning, they were going to do some echocardiogram that took me for that to cardiogram. So that's where this life death experience happen on the table where I was lying for my echocardiogram that all of a sudden it was 530 or six o'clock in the morning, I started seeing all the lights, my eyes were open, I could not see anything. I would just seeing lights, bubbles of lights, yellow, blue, I can vividly remember everything. And it lasted like literally for few minutes. Because my daughter was standing next to me and I kept telling her I cannot see you. And she's like Mom, no, please lay down. She was trying to put me back in the bed and I was just kept getting up. And then she called the doctors and nurses and they took me back to my room. And I still remember that, that I could feel everything around me. But I was seeing only lights, they brought me back to my room. And after that they put me on some IV whatever. The weird thing happened was all the numbers of muda wrong numbers, the INR numbers, whatever numbers they call for the enzymes, they started changing. And my body started healing automatically. So nothing happened to me. And they sent me back home after four days no transplant, no nothing. They said you're all okay, some medical whatever happened. Wow. So that changed my life. I got into the spiritual paths because I got into kind of a shock understate because I was feeling not connected to the outer world anymore. It was kind of a depressions you can call it because that was my first encounter too. Because before that, I never realized that I'm gonna die at work because I thought I'm invincible. So that kind of shifted everything for me. So destiny has something else in store for me. So whatever happened today, or wherever I am today, it's just all my life path. What I will happen all the incidents.

Derek Clifford: 14:12

Wow, that's very powerful. Oh, man. Um, so do you eat this spiritual experience that you went through this, this? This near near death experience that you went through? Do you? Do you have this experience fresh in mind to help inform some of your decisions on the strategic level? Like is does it has it taught you to become more intuitive and listen to your gut and things or what have you taken away from this that you're using in your business right now? Because this is an incredible story.

Vinki Loomba: 14:46

Yes, it is said all the time. That's a really good question actually. Because you look at things differently because you are never in a situation you're always outside. Like you're an observer you are seeing the situation in front of you when you make in that decision, you are not entangling yourself with the situation or the problem. You are like more than the problem solver and, and things are happening so seamlessly for you. And you just like sometimes I can amaze looking at, like how all these things are happening. Because I'm not untangle. I'm not victimizing myself anymore. I'm just looking at something happens when I go while happen. It's okay. What is the lesson there for me? So it's just looking at a problem from a different angle now versus worrying, oh my god, this thing happened to me why this happened to you. I never asked why this happened to me. I just asked myself, What is the lesson there to learn for me what I'm doing wrong? How can I not let this happen to me next time. So this is like a little bit mindset shift right there. How things are happening?

Derek Clifford: 15:48

Yeah, that's, that's awesome. Wow. Cool. That's really powerful. Um, is there is Has there been any recent experiences in the business where this, this lesson that you've that you've learned here, has changed your decision? or change your direction? In any recent decisions recently? Or is it something that's just you wake up with every day, and it's just part of your thing, and you think about every single day, it's just part of who you are?

Vinki Loomba: 16:16

Yeah, I think it becomes part of you, because you're living, it's just like, it just learning and growing. That's why I named my meet up to learn and grow. Because you're learning every second of your life, your life becomes like that every day. For my, for myself, I just think that every day I have to learn something new. And if you didn't learn something new a day, I just feel like the day is wasted. Yeah, there's so much knowledge out there that there's no possible way that everybody knows everything, or anybody knows everything, you know. So it's like, you cannot live in the moment I live in the moment I live in present moment all the time I'm present. I try to stay present. It's a practice. You know, because when you're doing it over and over again, it becomes your second nature that you're present in the moment. Like I'm talking to you, I'm right here. My mind is here with you. I'm not going anywhere else. Because most of the time before it was like I was like in 20 different directions, not focused, not paying attention was going on and asking the same questions 20 times and still like wondering what was going on? Why am I getting it? Yeah, the problem is the focus, you know, the problem is you're not in the flow. So I'm kind of in a state of flow. I know my good friend, Christopher Nelson, he says that all the time is like Binky, we have enough flow. He used it every time. But the things happen seamlessly to you when you're in a flow state. And what is the flow state? Because what are we doing practicing over and over again, you hit a plateau at some time. And after that you're kind of in a flow state, you don't even realize you're doing something. It just like comes automatically to you everything.

Derek Clifford: 17:52

Yeah, time just flows automatically. You don't have to have you don't think about it. And you're just unconsciously doing what needs to be done. And odds are, you're doing it very well. Because you're just you're just tapped into the present moment with that. And I love that so much. Have you have you learned away from your experience and in your business, you know, your business knowledge in working with this specific experience and how you operate? Is there a way that you can tap into that it will? Or is there any techniques that that you're able to use I know there's some books out there on this resource as well there's you know, there's a flow that was written by his name is tricky. McHale.

Vinki Loomba: 18:40

Not all I have a few of his books.

Derek Clifford: 18:44

But is there anything that like you could recommend to folks out there who may be constrained to start to tap into the spiritual strength? Whatever their experience is? Or was? Is there any advice that I know it's a it's a question to put you on the spot. But I don't mean to do that. But I'm just wondering if you have any advice to tap into that spiritual side for business owners?

Vinki Loomba: 19:03

Yeah, of course, I think it's like, first thing is you need to stay in the present moment. Everybody talks about this, stay in the present condition. Now everybody says that, right. But nobody really knows what it means to be present in the present moment. Because everybody's so caught up in their mind. And they are they have untangled themselves, you know, like so many things are going on around them. And it's very hard to calm their mind down. So staying in the present moment is that your mind is completely calm. There's no thoughts. You're here right now. And I'm not sure how to explain that because once you have that feeling, and you right here right now, you feel so contented. You don't even need anything to fulfill you because everybody is a complete being in himself or herself. There is no outro simulation or anything needed to complete you

Derek Clifford: 20:00

So great. So it's more about contentment, being in the present moment. And just being doing who you are as a person, right? And that takes some does that take some time to like to have that introspection? Because I know like, I struggled with this also, you know whether whatever your spirituality is, and you will we've been working, at least my wife, and I've been working on this for some time. And we still struggle with this from time to time. And it's, do you have any tools that you use? As a reminder? Like, is there? Is there part of a daily practice that you use to kind of keep this up? Or let's talk about that just real quick?

Vinki Loomba: 20:36

Yeah, sure. I do have a daily practice, I spend couple hours with me every morning, believe me or not, two hours of for myself, I get up in the morning, I'm just like, when I get up to, I'm always in the meditative state. And the first thing I asked for myself, when I wake up is what I'm supposed to do today, what I'm supposed to accomplish today. What is so important for me today that I woke up, because waking up in the morning is the best thing can happen to anybody. And we should be thankful for that moment that we got another day in our life to do something meaningful. So that's the question I asked, and I think, okay, I visualized. So I'm gonna make this day, a meaningful day. Because it's your choice. And I make a choice to be happy all day long. Despite whatever happens, you know, and then I have so much energy throughout the day, I can work 10 hours, 12 hours without even food, without even water, I don't even care. But anything seriously. And my husband, he goes crazy, sometimes, like, what's up with you, you gotta eat on time, you know, it's, it's like such an imbalanced life. And I feel that too. Sometimes it's an imbalance, like, because I'm not paying attention to food or anything, because I'm just enjoying whatever, I'm doing so much. And then when I go to bed at night, I just, again, I'm very grateful for the whole day, whatever happen. And what happens is, when I wake up early morning, I just get everything, whatever I missed the day before, that I missed these things. And I need to do this today, first thing in the morning, because my mind is so calm, because I shut it off, whatever, nine o'clock 10 o'clock at night, and then I'm like, Okay, I'm not gonna think about anything. I'm just being grateful for the whole day that it was a meaningful day. I'm going to start again the next morning. So next morning, it just a reminder set in my mind tells me okay, you forgot to do these things yesterday. So start your day with that. So I really enjoyed that. And then I do really spend two hours every morning on myself, I meditate, I do some yoga. And I do have some practices that I follow. That just like really connects me with the source. And when you're connected with the source, it's like you get so much energy to do so much stuff.

Derek Clifford: 22:53

Yeah. And you have the perspective and the courage to do what needs to be done, right? Even if it's something that would normally, like, give you some fear, some sense of fear, you become fearless. And what I really love about that, and key was we talked about how you made the choice to have it be a good day, right when it starts like and that's, that's so simple. Like, it's, it's, it's mind bendingly simple, but it's so effective. Because if you're making that conscious choice, now, like you have that, you've got that all advantage wrapped up in you, and the world has to fight you to make it a bad day. And usually, it doesn't end up winning, because you're you're in control of yourself. I love this so much. This is awesome stuff. I do want to pivot though. And I want to ask you just a couple of questions before we head into the Rapid Round here. And the first one is, if you knowing what you know, now, if there's one thing that you wish you could go back in time and tell yourself 10 years ago, back in 2012, or, you know, 15 years ago and that in that range, right? What, what would you tell yourself back then that would trigger or kind of bring you to the next level you think?

Vinki Loomba: 24:06

I would say never give up? You have so much potential to do anything. Everybody. Everybody has the same potential is our choices that limit us do this. Do this thing versus do that thing.

Derek Clifford: 24:19

Hmm. Awesome. Awesome. And do you think that back then when you were you would if you were ready to hear that? What do you think would have changed if you had heard that what you would what would you have done differently?

Vinki Loomba: 24:31

I wouldn't have given up real estate they asked me or what would you change in your life? If we say okay, go back in your life and change something what one thing will change? And usually my answer is I won't change anything. I'll keep it as is because if I haven't done whatever I have done in my past life, I wouldn't have been here where I am today. I would have been somewhere else right but I'm enjoying this space. So I was supposed to be here. I meant to be here. That's the reason I did whatever I was supposed to do to get here. Yeah. But I do have one regret still, that I should have started in real estate invested investing like 20 years ago.

Derek Clifford: 25:15

You know, it's really funny.

Vinki Loomba: 25:17

I started that I did not do it strategically.

Derek Clifford: 25:19

Yeah, no, it's all good. I think that that's cool. And I, I imagine a lot of my guests, if I ask that same question, they would probably also say something similar. Because, man, it's been an incredible run for commercial real estate. And, you know, one last question I want to ask because we're here in this point of time, so full disclosure to everyone listening to this podcast is being recorded in quarter four, the beginning of quarter four of 2022. But you know, Vicki, I wanted to ask you, you know, what is your outlook on the economy in general? Like, what type of things are you seeing? You know, I know that you're very well connected person, and you'd like to talk with others and brainstorm and strategize with others. What is your network telling you about where we're headed with this economy in 2023, and beyond that, as far as fundamentals and buying and things like that,

Vinki Loomba: 26:06

Everybody is thinking, you know, that we are at the verge of recession, because that's the talk of the town, everybody thinks that. But sometimes I think that there is a lot going on, you know, that people are talking and whatever everybody's saying the opposite things happen. But not this time, because there might we do see some, you know, things that's happening, that's taking us towards the recession, and the inflation is like big time hitting us, and then finding the right deals. In this time, it's just like super crazy. And investors, money is kind of squeezed, or because they're out of all the dry powder, thinking that, you know, we need to hold on to everything. Because of the inflation and the upcoming recession, the economy does not look that good. But what we don't understand in this whole scenario is if you connect all the dots, if we are not doing whatever we are supposed to do, the economy's not gonna get better, because we are part of the economy. Because every person is contributing up to some extent, all the all the things are going but the thing is, this is all the limitations and all the fears that's happening. And that's why you know, things are turning inwards, more people don't want it to invest. People are scared, there's a lot of hesitation. And then we feel there's not a lot of deals, good deals out there. It's hard to find good deals, but you can still find good deals. Sure.

Derek Clifford: 27:36

Absolutely, you can always find them. It just takes some conservative underwriting, a lot of due diligence, a lot of practice in good relationships and creativity. But I do think it's out there. And I agree with you, I think that you know, people are starting to pull back a little bit. But it doesn't mean that that this is a bad time to invest. And my personal opinion, like when everyone looks at the headlines, right? And, you know, conventional consumers, or even sophisticated consumers see that the housing market is crashing on, you know, on the news on CNN, or on Fox or whatever. As, as you see these headlines, you have to keep in mind that these headlines, or are for mostly homeowners who are looking to buy houses.

Vinki Loomba: 28:19

Single family and the location matters to like where.

Derek Clifford: 28:24

Correct, yeah, everything is local. And so one thing I want to point out for those investors, and you know, again, full disclaimer, because we're in the first part of quarter four of 2022. But generally what that means is that, what if home prices going up and up and inflation going up, and rates going up all at the same time, then it gets it's harder for these homeowners or potential homeowners to buy or to get into a new house. So what they have to do is either stay where they are, or rent, what does that mean for folks who own commercial real estate, right? So just something to think about for those folks who are scared of what's going on out there is that sometimes it makes sense to take a look at the headlines, look at it with some presents, right? Like be really present and just give it some thought, like, really think about what's happening, because there will be some really great opportunities coming up that Vicki and I will no doubt be taking full advantage of in the future.

Vinki Loomba: 29:18

Last year, and plus I wanted to say one thing, like Warren Buffett said, when people are scared, that's the best time to invest. And I don't think there could be any better time than this to invest in the commercial real estate right now. Yeah, like you said, single family. Yes, they're going down. But the commercial real estate is gonna go up. It's kind of recession proof because people need a place to stay.

Derek Clifford: 29:36

Yes. And the data supports that. If you go look at the Fed charts, you can see every time there's a change in the GDP for the United States that goes up and down during every recession, but the vacancy level for apartment buildings just stays level throughout all of them pretty much within like a very small band of like 4% vacancy or something. So it's a very interesting thing for sure. And yeah, I'm I'm very Be very bullish on commercial real estate. And the last thing I'm going to say about this nastier ask for your two cents is that a very wise investor told me he thinks that right now, the supply of multifamily units and housing in general is very small, it's like this, the demand is like this. And that's what's causing the price to just go up, right. And what's happening is the demand is shrinking, to catch up with the supply just because of the way that the rates are going, right. But eventually, the Fed is going to have to start lowering the rates again, and the supply is still constrained because no one's building anything because no one wants to work building supplies, or high all those things. And so the demand is going to go up, right, and the supply is going to continue to be strained, which means we're going to have increased prices in the future throughout this recession. So it's cool to think about the supply always being constrained. And the demand is just kind of fluctuating based on what the Fed does. And I don't know, what are your thoughts on that? You think that that's,

Vinki Loomba: 30:59

yeah, I agree with you, 100%. Because I was in a seminar, I think last week, a couple weeks back, it was an economic forum. And that's what they were talking about that exactly, that there's a shortage of homes. And then I do not call the number like a how many 100,000 or whatever we call that. And we are below that number, way below that number. And then then, I'm not sure about the new constructions, how much is going to come up in, you know, next few years, whatever, to mitigate that gap. But there is certainly, you know, huge upward trend for the multifamily or commercial renting because people are going to be renting, they always need a place to stay. That's what they were talking about. Like, wow, so everybody's talking about inflation and recession, but it's not necessarily gonna affect our commercials estate.

Derek Clifford: 31:50

Yeah, yeah, absolutely. Man, I couldn't agree more than I'm glad that our circles are both converging on the same answer. That's good. So yeah, awesome. Very cool. Well, hey, Vicki, this is awesome. And I wish we had more time because we could be doing this for the whole day. Because there's so much to talk about here. There's spirituality, there's mindset, there's market dynamics, there's Wu to escape. And I think we'll have to have you back on again, to talk more about this and hear more about the story for sure. But what we should do is we should head into our Rapid Round, which is the same five questions we ask every one of our guests, and they're meant to be answered in like a 32nd. quick timeframe. So number one, what book has had the biggest impact on you and why? And we hope that it's not Rich Dad, Poor Dad, or the Bible, because we get those all the time.

Vinki Loomba: 32:36

Okay, so the book, I will say by Mihaly Csikszentmihalyi, Law that has the biggest impact on me. And I used to use that book or refer to that book when I used to teach at California State University, you know, as part of the MBA program. And I do used to refer to that book all the time and recommend to everybody.

Derek Clifford: 32:56

Awesome, very cool. Nice. Number two, if people wanted to emulate your success, what do you think is the first actionable thing they could do to follow in your footsteps?

Vinki Loomba: 33:06

Take the first step? Action, just do it. Because that's the first step. Yeah. You know, until unless you try you don't know if it's right or wrong.

Derek Clifford: 33:21

So true. So true. And even if it's wrong, you're still making progress. Exactly. Because your mistakes. Absolutely. As a matter of fact, we learn more from our mistakes than we do. So it's a matter of fear and trying to battle that fear and being present in the present moment. See, going back full circle. Yeah. Number three, what is one tool process or hack in the last three months that you've used to help save you time and or effort in either your business or personal life?

Vinki Loomba: 33:51

I would say Zapier. It helped me a lot because what happened was, it just I took it off so much manual process, when my Calendly when my Zoom and everything, so all my meetup group was ours. So registering everybody's going into my database to Zapier, it worked for me and I really like that.

Derek Clifford: 34:13

That's a good that's a very good powerful tool for those who don't know it is free up to I think like 200 uses per month or something. Yeah, 100 and it's very recommended just to play with it just to see what you can do and start like thinking and playing tinkering with these tools working together. Very cool stuff. I love that. All right, number four, if the people that you know how to describe you with one word, what word would that be?

Vinki Loomba: 34:39

I would say ambitious. I heard that a lot of time and I heard it and both ways in positively and negatively to get some people the thing you're ambitious so it's negative why you're so ambitious. But regardless of what people say, I just keep on doing whatever I'm doing, because one wise person told me long time ago, when people are just Alice have you? It means you're doing something.

Derek Clifford: 35:03

That's right. That's absolutely right. I love it. Very cool. Awesome. All right. Last question I have for you is what small thing do most people not know about you? I know that's really hard for podcast guests. Because you know, a lot of us is out there, but

Vinki Loomba: 35:18

I'm a very good cook.

Derek Clifford: 35:20

That is very good. Awesome. That's not the reason for me to come to California.

Vinki Loomba: 35:27

I would like the chef level of Cook.

Derek Clifford: 35:30

That's awesome. Very cool. I bet your your family loves you for that. That's, that's very cool.

Vinki Loomba: 35:35

That's true. Everybody loves me, not just my family. All my friends are culture, you can ask me actually,

Derek Clifford: 35:40

I will do that I actually will after this call. I love it. Well, Vicki, thank you so much for coming on the show. It was a pleasure having you on but before we end the show, can you remind everyone or tell everyone how they can find out more about what's going on in your world, how they can connect with you, and so on and so forth.

Vinki Loomba: 35:57

Yes, I love to help everybody around me all my friends circle and beyond. I am in the real estate investing, my focus is multifamily on also we are part of this on Dolman projects doing self storage. So if anybody is looking for a passive income flow, please feel free to reach out. I'm all over the social media, but I'm gonna give you only one you can reach out to me via LinkedIn. Or you can make go to my website. And you can connect with me from there. Yes, excellent.

Derek Clifford: 36:23

And we'll go ahead and put all of that information in the show notes page for this specific podcast that's linking directly to Vicki's stuff. So we hope that you will be visiting that site over there for more reference more information. Thank you. Such a great time having you on we need to do this again.

Vinki Loomba: 36:41

Thank you so much. I love that too. Thanks for having me.

Derek Clifford: 36:44

Absolutely. And for you listeners who have made it all the way to the end of this podcast. Really want to thank you. And wherever you're listening or watching this podcast, please don't forget to like, subscribe, comment. Anything you can do to interact with us will help us appease those algorithm Gods so we can get more and more exposure to more and more of our audience members and also fantastic guests just like Vinki. So thank you very much for tuning in. Vinki, once again, awesome having you on. And everyone, this is Derek signing off for the day. We'll see you next week.