Multifamily Investing with Multifamily Attorney Charles Dobens - #259: A Cautionary Tale and Legal Insights on the Pitfalls of Real Estate Auctions

#259: A Cautionary Tale and Legal Insights on the Pitfalls of Real Estate Auctions

02/14/24 • 27 min

Multifamily Investing with Multifamily Attorney Charles Dobens

In this episode, Charles Dobens emphasizes the importance of grasping the difference between legal and equitable remedies, cautioning against potential pitfalls in auction contracts that may lead to unforeseen liabilities.

Additionally, this episode highlights a specific case where a property had a demolition order, underscoring the need for careful consideration before entering into auction agreements. The overall message encourages individuals to be cautious and informed when dealing with auction contracts in real estate transactions.

Previous Episode

#258: A Deep Dive into the Pitfalls of Rescue Capital Funds

Join Charles Dobens in a revealing exploration of the high-stakes world of rescue capital funds. Uncover the backstory of ambitious investors engaging in seemingly lucrative deals, only to find themselves facing the harsh reality of financial strain. Charles shares his keen observations on how these players, faced with impending troubles, are turning to a controversial solution—raising more money under the guise of "rescue capital."

Drawing on his experience, Charles urges caution and provides thought-provoking questions to ask fund operators. Using a real-world example involving Jorge Abreu and Elevate, Charles dissects the intricacies of fund criteria, potential double-dipping, and the ethical implications of rescuing one's own deals. Whether you're an investor or curious observer, this eye-opening discussion encourages a critical examination of the rescue capital landscape, emphasizing the importance of due diligence and questioning assumptions in the complex world of real estate investments.

Next Episode

#260: Celebrating Real Estate Profits at the Right Time

In this informative discussion, Charles Dobens shares his insights and experiences in the real estate investment industry. He highlights the importance of timing and strategy when it comes to celebrating success in real estate deals. By debunking the misconception of celebrating at the time of property acquisition, Charles emphasizes the significance of realizing profits and achieving successful conversions.

Join Charles as he discusses his approach to hotel-to-apartment conversions and the goals of creating affordable housing units. He also provides updates on upcoming webinars and events. Don't miss out on the opportunity to gain valuable knowledge and insights from this seasoned real estate investor.