Dave, I Want You To Show Me
How To Grow My Real Estate Business
Using Hard Money
What exactly is "hard money"? It's a real estate loan you get from a non-traditional lender, secured by the property and not by you. Hard money interest rates range from 14% to 20%.
The lender also charges "points" (one point is one percent of the loan amount, usually financed into the deal), which can range from 1 to 5.
Why would someone use hard money? Because these lenders are concerned about the property you're buying, and not about you as a person. Typically, hard money lenders will loan you up to 65% of the after-repaired value of the property.
The benefit of using hard money instead of bank financing is if you buy a deal that is worth 65% or less of the after-repaired value of the property, you can get into the deal for no money down. Hard money lenders are not concerned about your credit rating! They are much easier to work with than banks.
Who is Dave Lindahl?
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 mentioned 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.
One of the key areas I focused on throughout my 14 years of doing real estate is attracting private money. I've attracted over $33 million in private money to fund over 700 transactions. I now control 33 properties with over 7,000 units, that are valued at $312 million in eight states across the country.
Recent Press
My name is David Lindahl. When I first started investing, I began buying multi-family properties to flip for quick chunks of cash, and to hold for passive income. I had no money when I started. I owned a landscape company that wasn't doing too well, and I wanted a better life.
I found deals that I could buy for 60-65% of their after-repaired value. I was able to go to hard money lenders, and get a loan for 100% of the purchase price and 100% of the rehab cost!
I repaired the properties and flipped a couple to get some money coming in. I then started keeping the ones with great cash flow.
Money began to build up from the monthly cash flow (it builds up quickly!). I was then able to use it as income to qualify for bank loans, to refinance my properties out from the hard money lenders. Because the bank loan had a much lower interest rate, I now created even more cash flow!
This is how I went from living in a one-bedroom apartment to owning over 800 units in a very short period of time. My monthly cash flow now is more than most people make in a year. What's the best part? I don't deal with a single tenant! And my methods allow my students to do the same thing, even if they are just starting out. Students like Sandra Nesbit of Hartford, Connecticut, who took over a three-family property with no money down. It has over $147,000 worth of equity and positive monthly spendable cash flow!
Most people that want to start in real estate have little or no money. That's why it is so important to learn all the techniques that experienced investors have to buy with no money down. I have 27 of 'em! If you would like my Free Report, "The 27 Ways To Buy Multi-Family Properties With No Money Down", just fill out the information below.
I'll be happy to put you on my PRIVATE, confidential, no-spam insider's list for receiving more information on apartment investing.
Free Report: "The 27 Ways to Buy Multi-Family Properties with No Money Down"
Just tell me below where I can send you this free information. You can decide for yourself whether I'm talking about the Real Deal on how to make loads of money. This report will change your life.
Alan & Linda Elman— Plainview, NY
“After Hearing your Invaluable secrets on 1031 Exchanges, You saved our family over $250,000 on taxes. Not to mention we now have over a $50,000 per year positive Cash Flow! You have helped our Family more than you will ever know!”
Rick Chafee—Barrington, RI
Thank You Dave! Since attending your Apartment House Riches Boot Camp and implementing your strategies…I have closed on a 6 unit property, an 8 unit property, and I just made over $60,000 on a 4 unit property! This was all due to your guidance! I haven’t stopped there though, You have made me realize that the bigger numbers are just as easy…So I decided to go out and buy a 232 Unit Complex! I would have never done any of this if it wasn’t for your help!
Oh yeah, and by the way my latest deal was a 10 unit and a 12 unit wholesale deal that put over $175,000 in my pocket!
Chris Hiza—Milford CT 
“I’m writing to say thank you for your guidance and inspiration over these last few months, as we just closed on an apartment complex of over 150 units for just over $4 million dollars in an emerging market in Alabama!! In the first year I am getting a Cash Flow of over $70K. At the end of the 3rd year, we are expecting Cash Flow around $120K per yr. I would have never done any of this without your Apartment House Boot Camp!!”
