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!

Music: Energetic Run (hooksounds.com)