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Spotting Opportunities In the Multifamily Market During the Post-Pandemic Crisis w/ Charles Dobens

by Jonathan Twombly
Last Updated: April 19, 2023

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“If you’re thinking about getting into multifamily right now, don’t walk – run! Now is when the opportunities are starting to prevail themselves, and you will make a killing!”

After losing millions in the 2008 crisis, Charles Dobens has emerged as a wise and experienced investor, ready to capitalise on the current multifamily market conditions. But will he be able to make the right calls this time, or will his fortunes end up crumbling once again? Post pandemic, we find ourselves in a completely different world. Tune in to see why Charles is sitting on a buffer of cash and how is he planning to pounce on the opportunities that are coming

In this episode, you will learn how to:

1. Adapt to the ever-changing post-COVID economy while navigating multifamily investments;
2. Seize opportunities with distressed assets in the multifamily market;
3. Forge strong real estate investment teams and partnerships for success;
4. Discover untapped regional prospects in the US multifamily industry;
5. Harness the power of the MultifamilyOS platform to drive strategic business growth;
6. Recognize the value of living through multiple long-term market cycles

Today’s guest

Charles Dobens is a multifamily investor, attorney, and mentor to multifamily investors all around the country. Charles is principal at Dobens Law and founder of the Multifamily Investing Academy. Charles works with students in his coaching programs to train them in the correct way to acquire, operate and own multifamily property using his MultifamilyOS™ System.

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: analyzing property, negotiating contracts, organizing funding as well as transitioning to ownership.

Make sure to check out:
Multifamily Investing Academy
Multifamily Investing Podcast with Charles Dobens

Some key points:

(02:44) Charle’s take on the current state of the multi-family market
Opportunity is ripe, get your ducks in a row NOW!
(07:40) Opportunity is coming in the form of a new crisis. Will it be as bad as the crisis 10 years ago? Charles believes we are now in a completely different world
(08:43) There is more supply in the housing market than there is demand. Plus we have rampant inflation.
(09:51) We have a so-called “shortage” of housing because many homes are owned as 2nd or 3rd properties by investors
(12:23) Population growth cures all ills. Charles weighs in on the multi-family market in Austin
(14:58) Ten years ago, people did not consider appreciation in their investment thesis, only cash-flow. Times are changing
(17:31) Many young people in multi-family now have never lived through a market cycle and are thus at a disadvantage. Charles is getting ready to sit in cash and pounce on opportunity.
(19:34) Which markets will weather the storm better than others?
(21:50) The peculiar market in texas during the last recession
(25:06) Investors are too focused on lagging indicators to predict the future
(28:06) Due to COVID, banks are leaned heavily towards multi-family and are not looking to refinance
(32:54) CMBS war stories from Jonathan and Charles
(37:07) If you don’t have the capital to commit at the moment, find the people that do
(38:24) Some concrete tactics for tracking down leads
(43:37) How to reach out to Charles and get coaching from him
(45:30) Bonus tip: presentation really matters in the multi-family business. Invest in some proper headshots!

🌎Reach out to Charles Dobens

MultiFamilyOS Coaching
LinkedIn https://www.linkedin.com/in/charlesdobens
Twitter https://twitter.com/cdobenslaw?lang=en
IG https://www.instagram.com/multifamily_investing_academy/?hl=en

🌎Reach out to Jonathan Twombly
LinkedIn: https://www.linkedin.com/in/jonathandtwombly

Loved this episode? Leave us a review and rating on Apple podcasts by clicking here.

Make sure to also check some of our previous episodes:

Going From Working In Hospitality To Multifamily Investing & Hotel Conversions With Charlie Rushton

Hotel Conversions To Multi Family Housing With David Peters

🎤 Podcast production Everglade Media



Listen now!

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