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Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits Hardcover – April 25, 2008
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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!
Author interviews, book reviews, editors picks, and more. Read it now