Product Description

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.

Product Details

• Amazon Sales Rank: #88605 in Books
• Published on: 2008-04-25
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 272 pages

Features

• ISBN13: 9780470267608
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

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 house—and 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 game—and get out with big profits. It provides expert coverage of the most effective investing strategies and gives you guidance on every stage of the process—from 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 success—especially 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 profits—faster 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 houses—even 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!

About the Author

David Lindahl is an accomplished real estate investor who has been involved in more than 500 deals and controls more than $140 million in real estate. He is principal owner of The Lindahl Group, a real estate investment company that acquires properties in emerging markets across the nation. He 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 expert at real estate investment clubs, conventions, and seminars throughout the country. For more information, please visit www.multifamilymillions.com.

Customer Reviews

Why would you give away a great idea?
If someone had a great idea on how to make money why would they tell everyone about it? Why not just got put your idea into practice and make all the money yourself? Because the author of this book is the nicest guy in history? I think it is because he can make more money selling you a bad idea than he can make exploiting the idea itself. That would mean the idea is not very good. Conclusion: Don't buy this book.

Another thing to note. All the other reviewers for this book that gave it four stars. Click on their names. They never reviewed a book before this one. Seem slightly suspicious? It does to me.

Run a search on Google for the title of this book. Find any sites that give a review? Find anything that would indicate how this book leapt to #1 on Amazon? Was the book discussed on any TV shows or on NPR or anywhere else? I didn't find anything.

Better yet, run a search on Google for the author of the book. That is where I found the interesting things.

Also go read the review for his other book: Emerging Real Estate Markets: How to Find and Profit from Up-and-Coming Areas

Here is what a reviewer had to say about that book:
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.

Potential Investor's Review
This book is well written and very informative. It also got me excited about the possibilities of multi-family investing. As with most real estate investing books, it gives you enough information to get yourself in trouble if you are not careful, but there is a lot of good information that can be used as a stepping stone to get to your investment goals.

New and practical information that I can use
I have been an investor and rehabbing for several years with single and dual family homes. During this time I have read several books on Multi Family Apartment ownership. For some time I have wanted to move on to larger units but was concerned that I didn't have the knowledge to move forward. Each time I finished reading the other books I came away still feeling I needed more practical information to move forward. After reading Dave's book I came away feeling it's time to make the move (to take action). I have now started putting my team together following the advise Dave outlines in this book. So far it is working great.