Emerging Real Estate Markets: How to Find and Profit from Up-and-Coming Areas [Hardcover]

David Lindahl (Author)

Book Description

Publication Date: October 26, 2007

Praise for

Emerging Real Estate Markets

"In this book, you'll discover how to snatch real estate opportunities at low prices, before their value becomes common knowledge. Buy all the copies on the bookshelf before your competitor does!"
--Frank McKinney, "The Maverick Daredevil Real Estate Entrepreneur" and author of Frank McKinney's Maverick Approach to Real Estate Success

"I've never seen another real estate book even come close to laying out a profit road map the way this one does. If your local economy is too hot or too cold, Lindahl's guide will show you how to invest in the up-and-coming markets with the greatest profit potential."
--Stacy Kellams, President, www.RealEstateCourseReviews.com

"Lindahl shows you how to look into the future and see where the next hot real estate markets will be. It's the closest thing I've found to a real estate crystal ball."
--Jeff Adams, President, www.FreeRealEstateMentoring.com

"The brilliant thing about this book is Lindahl's approach to investing by 'remote control.' He has a real-world system for living in one place and making money from investments in another."
--William Bronchick, attorney and coauthor of Flipping Properties

"In the crowded field of real estate gurus, Lindahl stands head-and-shoulders above the rest. This book is must reading for any serious investor--beginner or veteran."
--Justin Ford, author of Seeds of Wealth and Main Street Millionaire

Editorial Reviews

From the Inside Flap

How a Dirt-Poor Landscaper Crackedthe Code to Emerging Market Real Estate Investing—and Built a Financial Empire

While many real estate markets have cooled off, there are major hot spots throughout the country that are booming due to population growth and urban expansion. These emerging markets are where the next wave of big-time real estate profits will be found. In Emerging Real Estate Markets, David Lindahl shows you how to find these markets, get started investing with little of your own cash, and maximize your profits.

The key lies in knowing how real estate markets cycle through ups and downs. If you know what to look for, you can tell when a market is about to heat up. Invest at the right time in the right place, and your profits will be dramatic. Does that sound too good to be true? It's not. The tactics you'll read here helped Lindahl, a landscaper when he started investing in real estate, to build a real estate empire!

Even if your market isn't currently heating up, Lindahl will show you long-distance "hands-off" strategies for finding and investing in other markets that are. He also provides practical strategies for investing in markets in any stage of the cycle so you can invest no matter where you are or where your market is.

Inside, you'll discover how to:

• Recognize the characteristics of emerging markets

• Tell the difference between gold mines and land mines

• Close your first deal—even if you don't have much money

• Determine where and when to buy

• Maintain positive cash flow

• Find diamonds in the rough

• Avoid the biggest mistakes investors make in emerging markets

• Finance all your deals with a simple four-step system

• Accurately rate the investment potential of any property

• Build a team of professionals to help you succeed

Real estate investing is not a guessing game. If you know what signs to look for, you can accurately predict the next hot markets. Plus, with the smart investing tactics Lindahl shares, you'll be able to invest with confidence, intelligence, and success.

From the Back Cover

Praise for

Emerging Real Estate Markets

"In this book, you'll discover how to snatch real estate opportunities at low prices, before their value becomes common knowledge. Buy all the copies on the bookshelf before your competitor does!"
—Frank McKinney, "The Maverick Daredevil Real Estate Entrepreneur" and author of Frank McKinney's Maverick Approach to Real Estate Success

"I've never seen another real estate book even come close to laying out a profit road map the way this one does. If your local economy is too hot or too cold, Lindahl's guide will show you how to invest in the up-and-coming markets with the greatest profit potential."
—Stacy Kellams, President, www.RealEstateCourseReviews.com

"Lindahl shows you how to look into the future and see where the next hot real estate markets will be. It's the closest thing I've found to a real estate crystal ball."
—Jeff Adams, President, www.FreeRealEstateMentoring.com

"The brilliant thing about this book is Lindahl's approach to investing by 'remote control.' He has a real-world system for living in one place and making money from investments in another."
—William Bronchick, attorney and coauthor of Flipping Properties

"In the crowded field of real estate gurus, Lindahl stands head-and-shoulders above the rest. This book is must reading for any serious investor—beginner or veteran."
—Justin Ford, author of Seeds of Wealth and Main Street Millionaire

See all Editorial Reviews

Product Details

• Hardcover: 240 pages
• Publisher: Wiley; 1 edition (October 26, 2007)
• Language: English
• ISBN-10: 0470174668
• ISBN-13: 978-0470174661
• Product Dimensions: 6.3 x 0.9 x 9.2 inches
• Shipping Weight: 14.9 ounces (View shipping rates and policies)
• Average Customer Review: 4.4 out of 5 stars  See all reviews (32 customer reviews)
• Amazon Best Sellers Rank: #195,364 in Books (See Top 100 in Books)

More 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

Customer Reviews

Most Helpful Customer Reviews

44 of 47 people found the following review helpful:

3.0 out of 5 stars decent, although main theme is not emerging markets, December 17, 2007

By 

Sunny Reader - See all my reviews

This review is from: Emerging Real Estate Markets: How to Find and Profit from Up-and-Coming Areas (Hardcover)

This book is pretty decent providing useful information, although there are some points I disagree with. The purpose of the book is to plug his website and tutorial products. Although the book discusses emerging markets (local markets on the upswing) this is standard advice given in any real estate book. It's not like the whole book specializes on that topic. The book focuses on multi-unit apartment buildings.

More accurate title: Decent book on investing in multi-unit apartments and lots of plugs for my website and products.

24 of 26 people found the following review helpful:

3.0 out of 5 stars A Word of Caution!, January 15, 2008

By 

Paul Hecht "Author of Everyday Real Estate Mi... - See all my reviews
(REAL NAME)   

This review is from: Emerging Real Estate Markets: How to Find and Profit from Up-and-Coming Areas (Hardcover)

Being a full time investor myself - I am always reading other people's books to see if they have an angle to make a project more profitable or an idea that I have not used myself yet.

In David Lindahl's book - I found that it had some good fundamental advice of what types of markets to invest in as well as leveraging other people's time so that you can focus on your own highest and most productive use of your own personal time. Being involved in many multi-unit investments myself - Dave did acknowledge and cover some of the largest pitfalls that one can get into with these large buildings.

However, I did find it a bit discouraging that someone with so much experience is suggesting that complete novices purchase large multi-unit buildings to start with - especially since they have no experience with the fundamentals of investment real estate in the first place. Of which, Dave developed with his single family properties and then moved into larger units which gave him the knowledge based on previous experience.

From Dave's perspective I can see how someone with his experience (starting with single family homes)- could view this today as easy and that even a beginer could do it.

I honestly don't believe that most people - especially beginners, should buy such large complexes to start with. As profitable as they are for experienced investors, one needs to understand the basic fundamentals first. This sounds like the 'get rich quick' type of marketing to beginners that gets people into trouble very quickly.

This book is best suited to someone who has previous experience and is looking to get into larger deals - not beginners. Even for the experienced investor - this book only covers the basics of multi-family investing and it not a technical book. It is more of a promotion for Dave's courses, which may be worth the investment for someone who already owns investment real estate and wants to get into bigger projects.

36 of 43 people found the following review helpful:

5.0 out of 5 stars Real Estate Investment 101, November 2, 2007

By 

Jo Ana Starr "Mind-Body-Spirit" (USA) - See all my reviews
(VINE VOICE)    (REAL NAME)   

This review is from: Emerging Real Estate Markets: How to Find and Profit from Up-and-Coming Areas (Hardcover)

A friend of mine wants to buy her first house but she wants to read a couple of books first to avoid making any major mistakes in this declining real estate market. As a former realtor, I offered to do some research on Amazon and help her find a right books.

In the process of reading review after review for many real estate investment books, I stumbled upon this one. I read the reviews and bought it kind of impulsively, because it seemed like a good choice for her.

As I got into the book, I found that it was exactly the right book for her, and I found myself impressed and surprised at the quality of the advice included in this book. Although this book was written for real estate investors, I found the information to be really right on the money and I felt that it would translate nicely for someone who wants to buy a single family house.

Typically, investment books exaggerate either the upside or the downside or both. Emerging Real Estate Markets seems pretty real world to me, revealing realistic challenges and rewards for the serious real estate investor.

For me, the most valuable part of this book are the sections that specifically address finding potentially profitable real estate markets BEFORE they become obvious. Very very insightful and helpful.

This is a great book for anyone working in real estate, anyone wanting to buy a house, or anyone who is currently actively investing in real estate.