AREI 109 : The Importance of Building Strong Foundations in real estate investing with Charles Dobens
Real estate investing can be an incredibly lucrative venture, but success in this field doesn't come without careful planning and execution. One of the most critical aspects of successful real estate investing is building a strong foundation. Whether you're a seasoned investor or just starting out, taking the time to establish a solid base can make all the difference in your long-term success.
In this episode, we welcome Charles Dobens, as we'll explore the reasons why building strong foundations in real estate investing is crucial, and provide you with practical tips to help you get started so if you're ready to take your real estate investments to the next level and make a more significant impact.
Charles works with students in his coaching programs to train them correctly to acquire, operate and own multifamily property. 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.
He is uniquely qualified to walk investors confidently through the entire process: analyzing a property, negotiating contracts, organizing funding as well as transitioning to ownership.
Come join us and listen in!
[00:00- 10:27}
• We welcome Charles Dobens to the show.
• Charles Dobens and his background on how he started in real estate investing?
• How 2008 impacted his real estate investing?
• Why long-term debt is the way to go
• Real estate investors buy value.
• The beauty of termed debt, and how it changes the market?
[11:30-21:41]
• Why real estate investing is the greatest business in the world?
• The situation on the market today makes asset managers truly shine.
• Staying with the plan and Staying with the strategy.
• The reason Charles got into teaching multifamily real estate investing?
• Building trust with your investors is a must. Building relationships with the bankers.
• What the last market crash thought him? And answering your phone matters.
[21:42 - 43:24]
• Is it a market crash or a market turn?
• Does investors have to get a certain cash and cash return?
• Going for the markets that are slow and steady.
• Asking Charles Dobens the Adventurous Four.
• Bonus story with Charles Dobens!
Memorable Quotes:
" Real Estate Investing is the greatest business in the world and don't think that this is a “get-rich-quick scheme.”
- Charles Dobens
Explore more. Adventure awaits.