Why Should You INVEST in MULTIFAMILY Properties?

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Multifamily properties are becoming a more popular choice for investors today because of its profitability, especially when compared to single family properties. Charles Dobens has been in the multifamily space for a long time and he’s telling us why we should get involved in multifamily investing!

Watch this video to learn why Charles chose multifamily and what benefits you can get out of multifamily investing!

Key Talking Points of the Episode

[00:00] Introduction
[00:09] Why choose multifamily properties?
[01:09] What is it like to work with multifamily properties?
[01:47] What do “doors” mean in the multifamily space?
[02:25] What happened to Charles’ apartments in 2008?
[03:41] How did Charles respond to the person selling him the same property?

Quotables

“We were always geared more towards multifamily properties because as I teach my students, multifamily isn’t about owning properties. It’s about running a business.”

“When you’re in the multifamily arena, the property is secondary to the actual business that you’re buying.”

“You’re becoming a business owner, the same way you would as you’d purchase a franchise but the multifamily business is the greatest business in the world to be in.”

“We call them doors, some call them keys, but doors are the number of apartment units that you have.”

“What happened back in 2008, I was on the wrong side of it, and I’m not gonna let that happen again and I’m watching the tea leaves and seeing where this market is headed right now.”

“This guy is telling me why his deal is good because “the market’s not gonna change. If it changes, it’s only gonna change a little bit”.”

“That guy made $4 million just by getting in the way and he walked away with all of my profit and I thought, that’s gonna start happening again and I’m gonna be on the right side this time.”

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