Episode #270: How To Be an Investor, Not a Spectator with Charles Dobens
Manage episode 348233622 series 2855547
It is time to understand what it means to actively own and walk the process of having units, not just use your investments as boasting rights and career leverage. Charles Dobens, a multi-family investor, explains how he successfully built a law practice, why felt drawn to create a coaching program, and how the 2008 financial crisis paved the way for his journey. Having started his career in investment at the very bottom, Charles recalls the struggles, successes, and failures that got him to where he is today. He gives advice on how to retain your investors and manage brokers, why every business requires capital, and some free (but very useful!) coaching tips. If this episode doesn’t inspire you to start taking action, get hustling, and stop being a spectator, nothing will!
Key Points From This Episode:
- How Charles began investing in multifamily units.
- Why he ended up studying at law school.
- When he decided it was time to start investing in property (and how he did it!).
- The lessons Charles learned with his first investments.
- Why and how you can take action.
- ‘Go big or go home’ is not for everyone.
- How to think about the market right now.
- The difference between being an investor and a spectator.
- The impact of the 2008 financial crisis.
- Why you need to understand sales and marketing.
- Noticeable attributes or characteristics of successful investors.
- Advice for a person who is a GP (General Partner) with only one or two deals.
Links Mentioned in Today’s Episode:
Passive Income Through Multifamily Real Estate Facebook Group