#255: Strategies for Success in Multifamily Investing
Feb 01, 2024In this episode of the Multifamily Investing Academy podcast, Charles Dobens, the host, delves into the strategies for success in multifamily investing. Drawing inspiration from Alex Ramosi's podcast episode titled "Time Horizons," Charles explores the dichotomy between the syndication model and the Warren Buffett model. He critiques the syndication model, referring to it as "multi-level marketing for the multifamily investor," and advocates for an infinite perspective in real estate investing.
Charles emphasizes the importance of buying, holding, and building wealth over time, contrasting it with the finite approach of syndication. He discusses the impact of time horizons on wealth accumulation, the taxation issues associated with syndication, and the benefits of adopting a long-term, infinite game strategy in multifamily investing. The episode concludes with Charles encouraging listeners to trade short-term fears for long-term fulfillment, promoting a mindset shift for lasting success in real estate.
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Strategies for Success in Multifamily Investing
In this episode, Charles delves into the crucial strategies for success in multifamily investing. Inspired by a thought-provoking episode from Alex Ramosi's podcast, "The Game," Charles explores the concept of time horizons and its impact on two predominant multifamily investment models: the Warren Buffett model and the syndication model.
Charles breaks down the differences between rich people who sell and wealthy people who hold, emphasizing the importance of understanding time horizons in building a real estate empire. He dissects the syndication model, referring to it as "multi-level marketing for the multifamily investor," drawing parallels with playing a finite game with an infinite perspective.
The discussion unfolds with insights into the financial implications of selling in syndication, highlighting the tax disadvantages and limitations compared to the buy-and-hold strategy. Charles advocates for an infinite game perspective in multifamily investing, emphasizing the significance of building and holding for the long term.
He contrasts the finite game perspective of winning with the infinite game's goal of keeping the game going. Charles stresses the importance of having the longest horizon in multifamily investing, asserting that the person with the longest horizon wins. He challenges listeners to adopt a strategy where waiting equates to winning, emphasizing the contrast between becoming rich and becoming wealthy in the real estate game.
Check out Charles' MultifamilyOS™ Business Builder Program HERE
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