All Forum Posts by: Charles Dobens

Found this on LinkedIn. Carlos nails it!

Carol Vaz article

Join us on Saturday September 21, 2019 – 8:30 AM to 5 PM for an entertaining and educational FULL DAY SEMINAR where YOU WILL LEARN…
• How to Find Multifamily Deals Where No One Else is Looking 
• How to Analyze a Property Package
• How to Draft an Offer that Gets Accepted
• How to Find the Money to Fund Your Deal
• How to Build a Portfolio of Multifamily Property the RIGHT Way!
• How to have your inbox filled with off-market leads
• What places to avoid when looking for deals
• How to identify your exit strategy BEFORE you even break out your calculator
• The five ways to get paid in Multifamily Investing
• What contracts to use to get paid no matter which strategy you use
• The tricks the Sellers use to make their properties seem more valuable than they are
• How to determine the value of the property like a pro in minutes
• Time vs. Money strategies in your offer
• Learn the Power of the CapRate and how it can work for you!
• Learn that owning multifamily apartments does not put you in the real estate business
• Learn that you can achieve amazing results by taking it slow! That’s right – and that’s something that sets Attorney Dobens apart from all other so-called ‘gurus’. You can achieve the greatest success by starting slowly and building your business the RIGHT WAY – and that’s exactly what you will learn in this session!
• And much, much more…

Let’s make offers and get your deals to the closing table!

SPECIAL PRICE FOR CREIA MEMBERS: $89.00; NON-MEMBERS: $149.00 

REGISTER HERE

Location: DoubleTree - Biltmore | 115 Hendersonville RD, Asheville, NC 28803 

Seating is limited and due to popular demand, payment is required to lock in your position…REGISTER HERE!

ACT NOW TO SECURE YOUR SEAT: CREIANC.ORG!

Interesting discussion regarding an accepted offer being an executed contract. I AM NOW COMING AT YOU WITH MY LEGAL HAT ON. Does an accepted offer constitute an executed contract? The Answer: IT DEPENDS!!!!

It depends very clearly on the words in the offer and THE CASE LAW IN THE JURISDICTION THAT YOU ARE IN!

This is why you must always have local counsel review your documents. IN Massachusetts, there is a famous case where a buyer and seller were bound by the terms of the offer because it did not clearly say that the offer was being made with the intent of both parties creating a subsequent contract for purchase. The offer contained all necessary wording to create a contract. The deal was getting done. (See McCarthy v Tobin, 429 Mass 84).

Find yourself a good local attorney that will protect you every step of the way.

@Donald Robers Excellent points Donald. Spot on!

@Account Closed stated, all veils can be pierced, just depends upon if you are truly running it as a legitimate entity or just a shell to hide assets (among other things).

Also, as David stated, the issue regarding invalidating your title insurance policy by using a different entity can be easily resolved in a title exception letter drafted by your attorney prior to closing.

Finally, I agree with @Crystal Brooks. You should contact Scott Smith. He has been on my podcast and knows Texas law and always recommends the LLC and Series LLC.

Q: What do you have when you have two lawyers in a room?

A: Three opinions. 

@Anthony Gayden Wow. These posts are all over the place. There is a reason why there is an Inspection Contingency in contracts AND an AS/IS rep in the same document. One does not trump the other or hold more weight. For those of you claiming that the AS/IS means you take the property with all its faults, what do you do if you find out that the neighbor's driveway is entirely on your land? Do you get to renegotiate? Well, according the to 'AS/ISers', you should not be allowed to. Well, sorry folks, that's not how it works.

The Inspection Contingency gives you a window of opportunity to look behind the curtain and see if the seller's baby is as pretty as she says it is. If it isn't you have freedom to walk. If you walk, then the deal comes "out of contract" and the parties are essentially back in their pre-contract position - FREE TO RE-NEGOTIATE THE DEAL. 

There is nothing wrong with this provided that the parties entered into the agreement in good faith. Due to the fact that most inspection contingencies in contracts allow you to walk for any reason, proving bad faith is hard to do. The opposite is true though if you try to walk from a deal using the financing contingency when you have not even applied for a mortgage or engaged a lender. Courts have a harder time buying that excuse and you may be charged with breach.

Do not enter into contracts lightly. 

ARE YOU READY TO START OWNING APARTMENTS?

Investing in apartment buildings is a way for you to establish FINANCIAL SECURITY and MONTHLY CASH FLOW for your retirement and your family. If you are SERIOUS about learning how to invest in multifamilies you CAN'T MISS this opportunity to learn in person from the BEST coach out there!

Come to a Saturday training seminar on May 18, 2019 in Dedham, MA for a day of multifamily investing training with Attorney Charles Dobens! Truly not an opportunity to miss if you have any interest in investing in apartments, or already are investing!

*Cost is only $149! Lunch is included.

CLICK HERE TO REGISTER

This seminar is for new investors to seasoned professionals.

In this engaging, hands-on presentation, Charles will teach you his systems and solutions for OVERCOMING THE ROADBLOCKS you will encounter on your journey to multifamily and apartment investing, such as limited cash, credit or experience.

As an investor himself, he has seen all sides of multifamily deals. In his self-deprecating, humor-filled training style, he will walk you through the entire buying process in a way that no one else teaches. By the end of your time with him, you will totally understand what it takes to be a success in the multifamily business.

Come join us for the day and learn from the best!

LEARN MORE AND REGISTER HERE

HERE'S WHAT WILL BE COVERED:

How to Find Multifamily Deals in Places No One Else Looks

How to Analyze a Broker Property Package

How to Draft an Offer that Gets Accepted

How to Find the Money to Fund Your Multifamily Deal

How to Build a Portfolio of Multifamily Property the RIGHT Way!

SO WHAT ARE YOU WAITING FOR?

Register today by clicking here!

Here is what people are saying about this multifamily investing training seminar:

I thought the event was excellent and I took away more than I expected I would. Top notch! Charles has a very good approach to teaching that is insightful, humorous and makes the content much more interesting. He relates personal stories along with the material to cement the learning experience. Probably the most interesting and humorous lawyer I have ever heard speak. All in all, an excellent experience!
~ Dave H.

Loved the Saturday class. A million thanks for teaching, sharing and being so generous with your knowledge.
~ Deirdre V.

The Saturday event was great! I really enjoyed it and learned a great deal. I can't wait to get into the world of multifamily real estate investing.
~ Maria L.

Excellent job. Great presenter. I wouldn’t change anything.
~ Mark V.

About Charles Dobens, The Multifamily Attorney

Principal at Dobens Law and founder of the Multifamily Investing Academy

Consultant/ Coach / Mentor to Multifamily Investors of all levels

Owner/Operator of over 400 apartment units

Negotiated over $1B worth of multifamily transactions

Provides legal and consulting services to multifamily investors acquiring apartment buildings throughout the country

Firm assists in loan underwriting for investors

Specializes in in representing the multifamily investor though all aspects of the acquisition and ownership process of multifamily property

Jake, my question to you would be how much are you looking to invest? DO NOT ANSWER THAT! My point is that if you are not looking to invest with enough to be your own sponsor, then working through a fund may be a good way to start. If your objective is to be your own sponsor, then HOARD YOUR CASH and learn as much as you can about the business. Obviously, my recommendation is lacking many points that would be important to making a solid determination but the best advice is when in doubt, DON'T!

Are you ready to start owning apartments? Do you want to put a plan in place to create monthly cash flow instead of just depending on your paycheck?

Multifamily investor, attorney, coach and mentor Charles Dobens will present "How to Own 1,000 Apartments in Five Years" on Saturday, May. 18th at the Dedham Hilton in Dedham, MA!

LEARN MORE & REGISTER HERE!

This seminar is for new investors to seasoned professionals.

YOU WILL LEARN:

How to Find Multifamily Deals in Places No One Else Looks

How to Analyze a Broker Property Package

How to Draft an Offer that Gets Accepted

How to Find the Money to Fund Your Multifamily Deal

How to Build a Portfolio of Multifamily Property the RIGHT Way!

In this engaging, hands-on presentation, Charles will teach you his systems and solutions for OVERCOMING THE ROADBLOCKS you will encounter on your journey to multifamily and apartment investing, such as limited cash, credit or experience.

As an investor himself, Charles has seen all sides of multifamily deals. In his self-deprecating, humor-filled training style, he will walk you through the entire buying process in a way that no one else teaches. By the end of your time with him, you will totally understand what it takes to be a success in the multifamily business.

Come join us for the day and learn from the best!

LEARN MORE & HERE!

Cost is $149 for a full day of intensive, interactive training.

Lunch is included!

SO WHAT ARE YOU WAITING FOR?  LEARN MORE & REGISTER HERE!

Here is what people are saying about this multifamily investing training seminar:

I thought the event was excellent and I took away more than I expected I would. Top notch! Charles has a very good approach to teaching that is insightful, humorous and makes the content much more interesting. He relates personal stories along with the material to cement the learning experience. Probably the most interesting and humorous lawyer I have ever heard speak. All in all, an excellent experience!
~ Dave H.

Loved the Saturday class. A million thanks for teaching, sharing and being so generous with your knowledge.
~ Deirdre V.

The Saturday event was great! I really enjoyed it and learned a great deal. I can't wait to get into the world of multifamily real estate investing.
~ Maria L.

Excellent job. Great presenter. I wouldn’t change anything.
~ Mark V.

About Charles Dobens, The Multifamily Attorney:

Principal at Dobens Law and founder of the Multifamily Investing Academy

Consultant/ Coach / Mentor to Multifamily Investors of all levels

Owner/Operator of over 400 apartment units

Negotiated over $1B worth of multifamily transactions

Provides legal and consulting services to multifamily investors acquiring apartment buildings throughout the country

Firm assists in loan underwriting for investors

Specializes in in representing the multifamily investor though all aspects of the acquisition and ownership process of multifamily property