E-Book Overview
Multi-Family Millions offers expert advice for investors who want to make the transition from single-family homes to more profitable multi-family units. Successful real estate investor David Lindahl shows you how to find troubled properties that are ripe for quick profits, how to fix or flip those properties, and how to re-sell at maximum value. With a proven step-by-step system for managing each stage of the process, this book shows you how to get started in moneymaking multi-family units?even while you work your day job.
E-Book Content
Multi-Family MILLIONS How Anyone Can Reposition Apartments for Big Profıts DAVID LINDAHL John Wiley & Sons, Inc. Praise for Multi-Family Millions If I didn’t know better, I’d say Dave Lindahl has a degree in psychology. This book shows you how to get inside the heads of real estate brokers, sellers, tenants, and buyers. When you follow Dave’s advice in this book, your deals will become irresistibly attractive to the people you’re negotiating with. Well done! —Bill Bartmann, named “One of the Top 100 Entrepreneurs of the Last 100 Years” by the Kauffman Center for Entrepreneurial Leadership (www.BillBartmann.com) Let’s get real: There are hordes of real estate investors out there. These days the chances are slim of finding a deal with fat, obvious profits. That’s where this book is so crucial: Dave Lindahl shows you how to uncover the deals with fat, hidden profits that your competition will walk right by. —Jeff Adams, President, www.RealEstateWebProfits.com No theory here! Dave’s book is filled with the practical steps you need to go from where you are to landing your first major deal. It just doesn’t get more “connect the dots” than this. —Stacy Kellams, President, www.RealEstateCourseReviews.com So many books are just a bunch of vague generalities. Not the book you’re holding in your hands: Dave Lindahl details the numbers investors need to get comfortable: specific ratios, rules of thumb, and tons of concrete examples. Add in Dave’s easy-to-understand conversational style, and you have a winner. —Wendy Patton, best-selling author of Investing in Real Estate with Lease Options & Subject Tos and Making Hard Cash in a Soft Real Estate Market (www.WendyPatton.com) Dave Lindahl delivers the goods again. This step-by-step book shows you how to find almost secret deals with big hidden profits, and you won’t even have any competition. It just doesn’t get better than that! — J. P. Vaughan, publisher, Creative Real Estate Online (www.creonline.com) Multi-Family MILLIONS Multi-Family MILLIONS How Anyone Can Reposition Apartments for Big Profıts DAVID LINDAHL John Wiley & Sons, Inc. Copyright © 2008 by DCL Carlsberg LLC. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at www.wiley.com/go/permissions. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of th