Episode 40
E40 - Navigating COVID-19 Uncertainty in Multifamily Investing with Charles Dobens
Charles Dobens is a multifamily investor, attorney, and mentor to multifamily investors all around the country. Charles founded the Multifamily Investing Academy, where he works with students in his Owner Forum program to train them in the correct way to acquire, operate and own multifamily property. Dobens Law, his legal and consulting practice, has one specialty - helping new investors overcome any lack of confidence in moving toward their financial objective of owning and operating apartments. Charles is uniquely qualified to walk investors confidently through the entire process.
In this episode, Tyler and Charles discussed the state of uncertainty surrounding multifamily during the COVID-19 (coronavirus) pandemic. Charles shared the best way investors can adapt in the current environment, the importance of putting systems in place, how he’s using his time and recommended two types of provisions for purchase and sale contracts. He also shared the best way to protect yourself legally for black swan events.
Their multifamily conversation also covered the power of the cap rate, when you can quit your job, the five ways you can make money and why multifamily is the best business. Other topics included Charles transitioning his business to building apartments, meeting Sam Tamposi, his Owner Forum program and more!
You can connect with Charles through his website:
The books mentioned in the show can be purchased below:
Purple Cow, by Seth Godin
Tribes, by Seth Godin
Profit First, by Michael Michalowicz
Big Shifts Ahead, by John Burns and Chris Porter
Your Best Year Ever, by Michael Hyatt
Apply for coaching with Tyler! The world's top performers in any field have a coach to help them achieve drastically greater results and in less time. The most successful real estate investors are no different. To apply for a results coaching session with Tyler, visit coachwithtyler.com.
This episode of Elevate is brought to you by CF Capital LLC, a national real estate investment firm that focuses on acquiring and operating multifamily assets that provide stable cash flow, capital appreciation, and a margin of safety. CF Capital leverages its expertise in acquisitions and management to provide investors with superior risk-adjusted returns while placing a premium on preserving capital. Learn more at cfcapllc.com.
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