Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits

Product Details

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.

Biographical Note

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.

Table of Contents

• Chapter 1. A Different Approach that Creates Huge Real Estate Profits.
  • How This Book is Different.
• Chapter 2. Why Invest in Apartments?
  • Apartments Set You Free.
  • Let's Explode the No-Money-Down Myth.
  • More Myths about Apartment Investing.
  • This Is Not a Myth; This Is Reality: They'll Laugh First, And You'll Laugh Last.
  • Opportunity is Everywhere.
  • A Brief Overview of the Different Kinds of Multi-Family Housing.
  • Burned-Out Landlords Are Great Sources For Deals.
  • In the Next Chapter.
• Chapter 3. An Overview of How to Get Your First Deal.
  • The 14 Steps to Acquiring a Property.
    • 1. Decide What Size Buildings You'll Start Investing In.
    • 2. Decide Where You Want To Invest.
    • 3. Determine What Types Of Multi-Family Properties You'll Buy.
    • 4. Put Your Team In Place.
    • 5. Market to Get Your Deal.
    • 6. Analyze the Deal.
    • 7. Create the Offer or Letter of Intent.
    • 8. Negotiate the Deal.
    • 9. Create and Sign the Purchase and Sale Agreement
    • 10. Do Your Due Diligence.
    • 11. Renegotiate the Deal.
    • 12. Start Your Financing.
    • 13. Choose a Management Company.
    • 14. Close the Deal.
  • Option 1: Buy and Flip.
  • Option 2: Buy and Hold.
  • Option 3: Buy, Reposition and Sell.
  • In the Next Chapter.
• Chapter 4. Where to Find Enormous Profits from Repositioning.
  • It's All About Raising the NOI.
  • Problems to Look For.
  • Making a Change.
  • Then there's the Perception.
  • Send the Message that Change is Happening.
  • The Property Cycle.
  • A Common Repositioning Mistake.
  • The Two Main Reasons Why Repositions Fail.
  • The City Cycle.
  • Revitalization Zones.
  • In the Next Chapter.
• Chapter 5. How to Attract Deals to You with a Minimum of Time and Money.
  • Principle #1: Make it Easy to Do Business with You.
  • Principle #2: Do What You Say You Will Do.
  • Principle #3: Don't Be a Pain In the Butt.
  • Inexpensive Deal-Attraction Techniques.
  • Go Directly to the Owners.
  • Other Techniques that Cost Little but Bring Big Results.
  • Go After the Don't Wanters.
  • Cruising for Dollars.
  • Another Way to Cruise.
  • Oh So Many Ways to Get Deals.
  • Don