What Other Real Estate Gurus
Won't Tell You
Investment gurus who travel the country telling you how easy and profitable it is to invest in single-family houses are only telling you half the story. What they won't tell you is how easy and more profitable it is to invest in apartment buildings.
I have rehabbed over 470 single-family houses and apartment buildings, and at any given time own over 600 apartment units. I've been investing now for over 8 years. I'm not biased against single-family homes; in fact, I continue to make fistfuls of dollars from them. But I also make bushels of dollars from apartments.
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. In 2007, I attracted over $22 million in private money to fund 11 deals with a market value of $87 million. I now control over $160 million in real estate across the country.
Recent Press
There are some very good reasons why other gurus won't tell you about investing in apartments:
- They've never done it;
- They don't understand them, and believe the same myths all investors have heard;
- They don't know how to value them;
- They don't think you'll understand them, because they think you confuse easily; and
- They would rather follow the herd and teach what everyone else teaches--how to invest in single-family homes.
If they've never done it and don't understand it, then I guess it's good they are not trying to teach it. But when some of them think that the rest of us won't understand it...
I consider that insulting.
If I hadn't taught my student, Mark Snead, how flipping apartments is just as easy as flipping single-family houses, he wouldn't have made $79,000 in 27 days!
Mark realized a neat thing: Unlike the "comparable" method used with single-family homes, apartments instead are valued on the income they generate. There is a simple calculation you can use to determine the rough value of multi-family properties. I call it my "Times 10 Valuation Calculation". It's an easy two-step formula:
Step 1: Yearly Income - Yearly Expenses (not including mortgage) = Net Operating Income.
Step 2: Net Operating Income x 10 = Rough Value of Property.
"Twenty bucks, Big Deal", you say. But wait! That means:
A $20 increase in one tenant's monthly rent...
x 12 months...
x 30 tenants...
x 10 (see Step 2 above)...
No, your calculator is not busted. A $20 increase in tenant rents means...
...your equity in the property has gone up by roughly $72,000!
And that's just one way guys like Mark Snead and I have made piles of dough through apartments.
This is not theory. This is not dreaming. I've done it repeatedly, and my students have used it to make 6- and 7-figure paydays all across this fine country. I'm willing to show you how to make it work in your town, for your bank account.
Still skeptical? Good, I like that. But you say you're open-minded and want to learn more? Fill out the information below and I'll send you the following:
Free Audio:
"$9,700 A Month"
Just tell me below where I can send you this free information,and you can decide for yourself whether I'm talking about the Real Deal on how to make loads of money.
