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![Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits by [David Lindahl]](https://m.media-amazon.com/images/I/51jexHywfML._SY346_.jpg)
Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits Kindle Edition
David Lindahl (Author) Find all the books, read about the author, and more. See search results for this author |
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- LanguageEnglish
- PublisherWiley
- Publication dateJuly 25, 2008
- File size946 KB
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Editorial Reviews
From the Inside Flap
Dave Lindahl was a broke landscaper when he used a cash advance on his credit card to buy his first three-unit apartment houseand immediately reaped a $972 per month positive cash flow. Twelve months later he owned eleven multi-family buildings and had $10,000 per month in extra income. Today, he controls over $140 million in real estate. In Multi-Family Millions, Lindahl shows you how anyone can get started investing in small apartment houses and make great money doing it. You can do it on a part-time basis, and best of all, you never need to deal with tenants.
Compared with single-family homes, multi-family properties hold much greater profit potential and allow you to earn more money on each deal you complete. There is also far less competition in the multi-family market. In addition, having more units under a single roof reduces your investment risk and offers higher long-term profits. The rewards of multi-family investing are obvious, but how can you benefit when you have very little time or money?
Multi-Family Millions is the step-by-step guide that shows you how to get into the multi-family gameand get out with big profits. It provides expert coverage of the most effective investing strategies and gives you guidance on every stage of the processfrom finding properties with great profit potential to buying, renovating, and reselling them for big money.
With Lindahl's expert help, you'll discover how to:
Identify troubled multi-family properties that are ripe for repositioning
Negotiate great purchase prices for target properties
Flip properties for fast cash or improve them with affordable, value-adding repairs
Resell properties at maximum value with minimum hassle
No matter your level of investing expertise or experience, Multi-Family Millions gives you the perfect strategy for successespecially for investors with little time and little cash on hand. Whether you're an expert investor or just starting out, Multi-Family Millions reveals the proven strategies, tactics, and infor-mation you need to make big profitsfaster and easier than you ever thought possible.
From the Back Cover
Discover why apartment houses are the best investment in today's real estate market
The key to making big profits in real estate is to go against the traditional wisdom. When the masses are buying, it's often time to sell. When everyone is selling, there are huge bargains to be found. In Multi-Family Millions, contrarian real estate investor Dave Lindahl shows you how to read the market cycle, and explains why now is a great time to get started investing in apartment houseseven if it's your first time investing in real estate and you have no money for a down payment.
With a simple two- to five-unit multi-family property, or a thirty-unit apartment building, you can implement the same strategies Lindahl used in over 500 deals to build his own real estate fortune:
How to reposition a multi-family property for maximum profit
Where to get the money for your first deal
How to own an apartment house and never deal with tenants
Ten bad mistakes rehabbers make
Three proven principles for attracting great deals on multi-family properties
When and how to resell for huge profits
Conventional wisdom says real estate investors should start with single-family houses. Discover why it's easier and much more profitable to invest in multi-families!
About the Author
David Lindahl is an accomplished real estate investor who has been involved in more than 500 deals and controls more than $140 million in real estate. He is principal owner of The Lindahl Group, a real estate investment company that acquires properties in emerging markets across the nation. He operates RE Mentor (www.rementor.com), a publishing and seminar company that shows investors how to profit from all forms of real estate investing. He is also a popular speaker and expert at real estate investment clubs, conventions, and seminars throughout the country. For more information, please visit www.multifamilymillions.com.
Product details
- ASIN : B008NBZ7FQ
- Publisher : Wiley; 1st edition (July 25, 2008)
- Publication date : July 25, 2008
- Language : English
- File size : 946 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Enabled
- Print length : 273 pages
- Lending : Enabled
- Best Sellers Rank: #543,229 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
About the author

If you need a refresher on my background, I was a burned-out landscaper 14 years ago. I had:
No money (OK, that's not totally true; I did have a whole $800 in the bank);
No time (that one is definitely true, because each night after a full day of grunting dirt and railroad ties around in my landscaping business, it was all I could do to pop a cool one and collapse in my chair in front of the TV);
No experience. My family didn't know anything about real estate. In fact, I got the "Dave, you're making a big mistake!" speech when I mention real estate.
I didn't "luck into" a fortune. I instead made it using tested and proven systems I developed over time. At first they were crude, but I hate making the same mistake twice, so I got better fast.
Dave Lindahl is an accomplished real estate investor who has been involved in over 550 deals and controls over $240 million in real estate. Dave is the principle owner of the Lindahl Group and the Bostonian Investment Group, a real estate investment company that acquires properties in emerging markets across the nation.
Dave also operates RE Mentor (www.rementor.com), a publishing and seminar company that shows investors how to profit from all forms of real estate investing. He is also a popular speaker and trainer at real estate investment clubs, national conventions, and seminars throughout the country.
Other Programs & Highlights
David is considered as the Nation's Leading Expert in Buying and Selling Multi-Family Properties. Currently owning over 7,200 units around the US, David has been investing in Real Estate for the last 14 years. David regularly shares the same stage as Robert Kiyosaki, Tony Robbins and Donald Trump. Among other publications David has been featured in Reader's Digest, Creative Real Estate Lifestyles, AOL, & Kiplinger Magazine.
Dave Lindahl was hand picked by Donald Trump to write Trump University Commercial Real Estate 101. When asked why Donald Trump picked Dave Lindahl he said, "I chose David Lindahl to write it because he's not only a highly successful investor, but he has a knack for clarity in explaining commercial real estate investing."
Favorite Quotes & Thoughts from David Lindahl
"Take action"
"Money does not make money; It's the movement of money that makes money!"
Ignore the media when they focus on national real estate trends: The
only cycles that count are LOCAL ones"!
"Do You Have "The Attitude"?
That's when you Get To Do:
--WHAT you want
--WHEN you want
--WHERE you want
--WITH WHOM you want!
"My Systems Will Get You There!"
"Whenever you reduce your price or give something up, ask the other
party also to make a concession."
"Practice the "Safe Island Technique" Summarize each step you'll take
the seller through so nothing's a surprise."
"Happiness is Positive Cash Flow!"
Dave Lindahl's Principles of Successful Investing
Have integrity in everything you do
You're not in the real estate business; you're in the marketing
business.
You have to respect yourself in order to get that from others.
Start small, simple, and inexpensively. But start!
Expect to feel a little uneasy at first, and be HAPPY about the fact
that some parts of the business take work.
Be thrifty. Don't be cheap.
Follow my systems before you create your own.
Don't waste time with unmotivated sellers.
Delegate before you think you are ready.
If it works, keep using it; if it doesn't, then tweak it. If it still
doesn't, toss it.
You're marketing to a "moving parade".
Track your activities and results.
Follow Up!
Keep going.
David Lindahl is passionate about real estate investing & that same excitement carries over into his speaking events. Donald Trump best described Dave when he said, "I chose David Lindahl to write it because he's not only a highly successful investor, but he has a knack for clarity in explaining commercial real estate investing." David Lindahl travels the United States holding seminars and real estate camps. Dave's Camps include: "Managing the Manager Boot Camp", "Apartment House Riches Boot Camp" "Private Money Syndication Boot Camp" & "Chunker Boot Camp". To learn more about David Lindahl & all of his products and events go to www.rementor.com
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Essentially what you are dealing with are $10-$20 introduction books (by various gurus) which steer you to $500 courses. In the courses you get redirected to $6000-$10,000 mentorships.
I definitely got value out of the book and I plan on getting emerging real estate markets but the level of specificity some of us are looking for would only be in the courses.
Basically, the main point of the book in one sentence: Find a good management company that can run your properties for you while you sit back and take in a steady income that pays the mortgages for themselves...Also touches greatly on marketing strategies for finding new opportunities to add to your portfolio. Solid book.
Top reviews from other countries


Overall, a lots of good information for the price. A must have if your'e new and serious about investing in RE.